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Home My WebLink About1282 . ~ PROVIDED, AL.1ti'AYS, that if the Mortgagor shall pay unto the Alortgagee the indebtcdness evidenced by a certain protnissory note of which the following in words and figures is a true copy to-wit: ~ ~ , . - ~s~t~rwp~ x.tc - l ~ f~,375 ~.00 , F~rt Pierce. F~o~da _ January 26, ~~_1[~ ~ s , ~ ~U LUGY ~~~~~~-TRtf~`£~ I ptomi~e w WY ~ to the ord~r of _ ~ # the pnncipal wm o_! ~~~~~RD ~~F~~E~ - L. , to6ether vnith ietereal ' thereon ftom date ~t th~ rate o( ten peccent, per annum uetil maturity, both principd ~nd interest beit~ pay~ble in law[u) mooey uf th~ United ~tate~ ~t 2244 Biec~ynt Blvd., Miami. Florida, or at w~h other plKe ~a the hdders hereof may daianate ie writina. y PnnciP~) ~nd ~ntere~t pay~ble in insWlmenb a~ tollowa: _ THIRTY ($35.00) DOLLARS per month beginning on the lSth day of > April, 1974, and continuing on the lSth day of each and every month thereafter until paid in full. This note may be prepaid ~n whole or in part aiter one yeu ~rom ~he date hereof upon paym~nt of a penalty equ~valent to f~re percent of the princip~l sum prep~~d. Each in,tallm~nt payment ahsll be credited first on Ihe interest due, and the remainder on principal; and inteK~t ~hall thrre- upon c~ax upun th~ pnncipal so credited. Th~ maken aod ~ndoners of this not~ further agree to waive demand, notice o[ non-p~yment ~nd protest, and in thr event xuit ,i~all b~ DrouRht for thc collection hetcof, or the aame ha6 to be eollected upon demand oI an attomey, to pay rtasonable attorney's - (~r. [or mak~ng such collection. Deferr~d paymenta hereunder ahall bear intcrest at the rate ot ten percent per annum trom maturity unti) paid. 1'hi+ note is eecured by a mo~~e o( eve~ date herewith and is to be conatrued and entorced according to the laws ot the ~tat~ ot- flrKida; upon delault in the payment ol principal andJo~ interest whee due, the whde wim of prinripal and intere~t ~ : ~rmaming unpiid ahall, ~t the option o( ihe holdt~s, become immediately due and payaWe. _ . s' ~'i fn~'z~c~ '~l-z.~.c~.~~~ . ~sEA~~ ; > (Sf AL) and shall perform, compty with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. i i 1. The Mortgagor hereby covenants and agrees: ~ (a1 To pay all and singular the pnncipai and interest and other sums of money payable by ~•utue of said promissory aote nnd this deed. or a[het, prompdy on the days respecti~•el}• the same se~ era]ly beuomes due. ~ r Ib1 To permit. commit or suffer no waste and to maintain the improti•rments at at( rirnes in a sta:e of qood repair and condition, and to do or petmit w be done to said premises notFung chat wz11 alter or change the use and character of said propert~~ or in an~~ w~a~• impuir or weaken the senaity of LSis mortgage. And in case of the refu~al. negtect ar inahil~t}• of the 1lortgagor to repair and maintain ;~ud propertc. ! he \tortgagee may, at his option, make such repairs or eaux the same to be made, and ad~ anc~ moneys ih that behalt. i itl To pay alf snd singular the taxes, assessments, le~~es. GabiGties. and obtigatior~~ uf e~•en oature on said descnbed property each and every wrhen due and peyeble according to tax, before they hecome de[inquent, and to deliver to the ~tortgagee on or befare lfanh 15th of each year tu teteipt~ e~~dencing the paycnent of all law~futly imposed taze~ for the preceding calendar year: to idemnify tAe ~iortgagee upon hi~ deaand for all tazes, as~es> ~ ments and c}?erges that auy be asxsaed upon this mortgage on the indebtsdness qecured hereby, and paid by the morgagee, vrithout regard co eny iaw heretofore enacted or hemaker to be enacted imposing payment o( the whole or aay peut thereof e~wn the ~lortgagee_ Idl To pay all end singular the costs, chargr~ apd eYpenses, including lawy~ers' fees and abstract rnsts reasonabty in~vrred or paid at any time bp the ` ~tortgagee becawe of the [ailure on the pact of the 1lortgagor to perform, comply wiih and abide bc each and e~~en~ the stiptilations, agreem~ts. ~ conditiona and co~•emnts of seid promisson• rxxe and this deed. or either, and e~~en• nxh pa~•ment she11 bear interest from dete at the rete of im I10°rc1 9 per centtun per ennum. s Ie1 It is fiuther co~~emnted and aRreed bp said parties that in the eeent ot e swt being ~nsiiwted to forecbse this mortgage, the Rtortgagee shall 6e = entitied to apply at any time pending such tnrecio.vire suit to the murt ha~ing jurisdiction thereot (or the appoinunent of a receiew of all ard singuLr t6e ' mortgaged property, and of all rents, inromes, profits. issues end retienues thereot, from whatsoev~r source derived: and thaeupon it i~ he~eby ezpressly - covenanted and agreed that the Court shall forthwith appoint such recei~•er vrith the usual powers and duties ot receiven in like case~: and said appoint- ~ ment ~hall be made by t he court as a matter of stria right to the ifortgagee, and without reterene to tlie edequecy or inadequecy o[ the value of the pto t perty hereby mortgaged. or to tbe soh•ency or insoh•ency of the ~lortgagors or any other party defendant to suth suit. 'l~e Siongagor heteby speci(- ; icaUy waiv~ the right to object w the appointment of a recei~•er a~ a(oresaid and heceby e:pressly oonsPnts that such appointmerlt shall be mede aa ao 3 adrrutced equity snd as a matter ot absoiute nght to the !1lortgagee and that the same rmy be done writhout noeice to the ~tortgagor. • if~ If (oreclosure proceeding~ should be instituted against the pmperty cocered by th~c mortgage upon any other liep or chim wheth~ alleged to 6e _ superior aP junior to the lien of tt~s mortKage, ihr ~lortga~re may a[ hic optio~ inuncdietelr upon insiitation of such wit or during tAe pendency thereof declare thi~ mongage and the indebtcdnr~s ~ecured hereb~• due and ~a~~able forthwith and rtSa}• at its option proceed to foreclosethis mortgage. - Ig1 "Ihat the ~iortgaRor wi11 keep all rea1 and personal propem• now• or herea8erencvmbeted by the lien of this mortgsge insured as msy be tequired imm ume ca time by the 3lorcgagee against loss Ay fire. windstorm and other hazuds. casualties and contingencies (or such periods end (or not Iesa t6an - such amou~ts as ma~ be required by the \tortgagee and to pay prompily wh~ due aII premiu~ for such insurance. 7'F~e amounts of ievuranoe required by the ~torgagee shatl6e the mirtimum amount s for which said insurasre shell be w~ritten and it shell be uxumbent upon tbe 1lortgagor to m~int~in suth _ additional insurance as may be re~rssary to rreet and comply fully with all co-iasurance rEquiranents contained in said poiicies to the end th~t the ~aid ~tortgagor is not a co-i~suror thereunder. Insurance sAall be w-ritten by e company or mmpanies aQproved or designaced by the 1ltortgagee and v2 pd'r c~es and reneuals thereof shal! be held br the 1f ortgaRee. All detailed designatwns by the titortgagor which are accepted by the ~fortgagee and all aBee 3 ments betxren ~tortgegor and 11~,ngagee relating to insarance. nox existing or hereaker made, shall be in writing and shal! be ~ peR of thi~ mortgage _ agreement as fully as though set forth ~-erbatim herem and shail go~~ern both parties heteto and their wccessors and assigna. \To lien upon ~ny of etid policies of in,ourance or upon anp refund or return premium which may be peyable on the cancellatan or cermina~ion thereof, shsll be given to ot}kr t6an the 1lortga~ee, exce~t b}• proper enclorseme~t affixed co such poGcy and appro•~ed bc ltortgegee. Eech poiicy of insur~noe shall h~ve af5zed tlwseW a _ Stendard ~iew York 1lortgagee Cteuse without Contribution, making all loss or losses under such police• payabk to the 4lottgagee as ita i~arat may ap- ' peer. !n the erent any s~m or sums ot money become pay~able thereunder the 1lortgagee shall have the option to receive and appty the same oe atoount = of the indebccdness hereh~• vecured, or t~ rmit the ~tort ~r to receive and u9e it. w an : PP BaX Y part chereot. wichout thereby weiving or impairing any equi- ~ ti, lien, or right under and b~- ~irt~e ot t his murtgage In event of bss or physical damege to ihe mortgaged property tbe Mortgsgt?r shall give imm~diat~ i ; ~ - ~~~~2z3 ,a~~12~2 ~ _ . ~