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Home My WebLink About1769 PROVIDF.D, A1.WAYS, that if the 41or~gegor shall pay unto the 1lfortgagce the indebtedness evidenced by ai certain orotnissorv note,-_ot which the foUowin¢ in words and fiQUres is a true coav ~o-wit: ; • 1 i , i/G4Z~~ ~7~vs~ , :_2.25Q`QQA_ Fort Pierce, F~~;d, January 24, '~~.74 = ~ i I omiae tu y FUK Yq(.t'F: KECEIYf.D__ Pr P' ~h~ ~,d.~ ~,r BERNARD FOX ana-RUTH-F , is wi e. the p~nc~pal wm ot __TjnIQ THOUSAND TWO H[JNDRED FIFTY and n~100 DOLLARS, togtthe~ with intertit thc~eon Irom datc ~t the rate of teo percent, per ~nnum until maturity, both p~neipal ~nd i~tetest bei~ pay~ble io law(u) money u( ~he United ~tatea •t 2:~4t Biscayne Blvd., h1~~mi. Florida, ot at weh other place u the holden hueof may desi6nat,i in wntin`. , P~ncipal and ~nt~rest payable in in~Wlments a~ (ollowr. ~ FIFTY ($50.00) DOLLARS per month beginning on the lSth day of April, 1974, and continuing an the lSth day of each and every month thereafter until paid in full. Th~s nc~te mav De prepaid ~n whole or ~n part a~ter one yeu from the date hereo( upon payment oi a penalty equivalent to fi.•e percent of :he pr~nc~pal sum prepaid. E~eh ~mtallm~nt paymenl ~hall be c~edited (irnt on the intere9t due, and the rem~inder on pnncipat; and intr?r•t•hall thrrr- upon ~~a.r u~~un th~ pnncipsl so rr~d~ted. Th~ mak~n and ~ndon~ees o( this not~ furth~r agree to wa~ve demand, nohc~ o( non-payment and protest, and in 1hr ~rent 3uit .lull b~ bruuRht (o? the collection hereuf. or the eame has to be eollected upon demand o[ an attomey, to pay reasonable attorney's (r~. (or msking +uch tollection. - [)~t~~r~d paym~nta hereunde~ ehdl dear mtcr~st at the rate of ten percent per annum f~om maturity until paid. 7~hn nnt~ ie eccurrd by a mort$p~e o! even date h~rewith and is to be construtd and enlorced according to the laws o( the ~tat~ at tlrxida; upon drtault in the payment et principd a~dlo~ interest when due, the v+hde eum of rincipal and interest rrm~ininR unpaid ihall, at the option o( the holders, become immeduttly and paya c Ju-'"""' 'i (SEAL) ' ~ ~ ; (SEAL) I ~ ! and shall perform, comply with and abide by each and every the stip~lations, agreements, conditions and covenants $ of said promissory note and of this deed. then this deed and the estate thereby created shall cease snd be null and void. ~ I. The Mortgagor hereby co~~enants and agrees: ~ fal To psy all snd singular the pnncipal and interest nnd uther sums of money payable by ~~:rtue of said prorms.con• nute a~ this deed, or eithu. ~ proc~tly on the days respecti~•eh• the same seti•eraily beoomes due. ~ g Ibl To permit, cotnmit or suffer no waete and to maintain the improcements et ail timea in a state of good repair and condition, and to do or permit to be done to said premisee nothing that wiA elter or change the use and chuacter of said propert}• or in any way impair or w-eaken the aecurity of this ~ mortgage. And in ca~e of the refusal, neglect or ir.ability of the \longegor to repair and mttintain ssid property. tl~e \lortgaqee may, at his option. make suth repairs or cause the same to tre made. nnd ad~•anc~ moneys in that behalt. ~ Ic1 To pay all end singuler the tax~~~. as.e,smrnts. lr~~ec. l~ab~l~ties. end obligation4 of etery neture un said described propert~ e,ach and every when due ~ and payable according to law, before they becume delinquent, and to deli~~er te the ~tortgagee on or before ~tarch lSth o( each ~ear ta~t receipts . • e~~ eneing the pa.~ment ot atl Iawfully imposed ta:es for the preceding calendar year: to idemnify tne ~fortgagee upon his demand for eU tues, assee.t ments and charges that may be assessed upon this mortgagE on the indebtedness secured hereby, and paid by the morgagee, without regard to any Isw ~ herew(ore enacted or h~eaher to be enacted imposing payment of the whole or any part thereof upoa the ~fortgagee. Idl To psy all an3 singular the costs, charges ~~d e:pen.ses, including Iawyers~ fe?s and ebstract rnsts reasonably incvrred or paid at any time by the ~ Nortgagee because of the [ailure on the part of the ~tortgagor to perform, comply with and abide by eech end e~-ery the stipulationa, agreement~. condiuons and co~~enants ot ssid prumis~n- note and this deed. or either, and e~~en~ ~uch payment shall hear interest fmm dete st the rate of ten 110°fc 1 per centum per annum. ~ Ie~ It is further cu~rnantcd and aKrrcd hr• said parues that in the e~ent oF a suit being ~nstituted to forecbse th~a mortgage, the ~tort{tagee shall be ~ entitled toapply et am• time pending ~uch torrv lusure suit tu the mwt having junsdiction thereof for the appointment of a rece~ver of all and sin r t ~ mortgaged property, and of all re~ts. inmmes, profits, ivsues and recenues thereof. from whatsoe~•er aource deri~•ed: and tF~ereupon it is 6ereby e=pressly co~•enented and agreed that the Court shall fortha~ith appnint such receia-er w~th the usual powas and duties of rera~-ers in lilte case~: and aaid ~ppoint- ment shall be made by the rnurt asa mauer of sirict rigAt to the ~toetgagee. and without reference to the adeqwty or inadequacy of the value of the pro- ;;a pertv hereby mortgaged. or to the sol~•rnry or in9o1~•enc~• of the ~tortgagors or any other party defendant to suth auit_ The ~tortgagor hereby specii- ~ kallc wsives the right to ob~eet to the appoinunent of a recei~er as aforesa~d and hereby e:pressly consents that surh appoinunent shaU be made es an edtrutced equit~• and es a metter of absolute nght to the ~lortgager and tRat the same me_r• 6e done without notice to the Slortgagor. ~t~ It (oreclosure procecdin~ sh.wld he mst:cuteti aRatn~t the propert~• coa-ered by thi~ mortgage upon am• other lien or claim whether alleged to be ; superinr cx ~unior to the hen uf th~s rtu~rtKage. thr \turtKa~w may~ at his option immed~etel~ upon institutiun of such suit or Juring the pendeney tF~ermf " declare this mortKaQe and the indebtedne~s sc~-ured hereby- due and pa~•able furthrv~th and ma~~ at its option pmceed to toreclose this enortgage. - i K t That [he 1lortgaKor w iU kccp all rcai and peru~nal property- now or herea(ter encumbercd'oc the lien ot this mortgage insured as msy be required from time to tur~e by the 141~rtRagee against lo~c bc fire, w~ndstarm and other hazards. casualties and cor.tingencies (or such periods and for not less than ' such amounts as may be reyuired M• the JlortgaKee and to pay~ prompNy w~hen due all premiums for such insurance. 'I~e amoun[s of insurance required b}• the \torgaqee cnall be the minimum amount s(~r which sa~d insurance shall be wTitten and i[ shall be incumbent upon the ~lortgagor to maint.ain sucL - additionni iagueerce aa mey be nrcrs~garv to rneet and comply fitlly w-ith all co-insurance requirements contained in said policies to the end that ihe aaid ~tortgaqor is not a co-irLUror thereuncier Insuren.e s~aU be w'n[ten by e cumpeny or rnmpanies appro~~ed or draigneced by the Nortgagce and ~11 poli- c~es and renewals the~rcof shal! be heW in [ he ~1ortRagee_ ~11 deta~lyd designations by the ~tortgagor which are accepced b~• che \lortgeqee and all a~ec = ments between \1~~rtRag~rr and \lnrtga~ re•IntinK to ir~urance. now existinq or hereafter made. shali be in writing and shall be a perc of thi~ mortgage _ aRrcement as fa1h~ as thouK6 set (orth crrbat~m hvrem and shall got•ern both pariies herett~ and the~r wccessors and ass:~s. ro lien upon any of ~aid pnlicies of ~nsurance or upern any~ refund or rFtum premium vstuch may be pa~~able on the cancellat~on or termination thereof, sha11 be given w other than ~ the ~tortgaKee. rx~-rpt b}• proper rnd~~r~rrrrnt affiaed to such pol~c~~ and appro~'ed by Mortgagee. Eech policy of insuranae sha11 Mve affiud thaeto • Standard tiew York titortRaRee Clau~e without ('nntribution. rnaiung all iu~s or losses under ~uch policy pay6ble to the ~1oKgagee s~ its i~erest may ap~ - peer. In the e~-ens any sum or .ums of muney t,ecome peyabie t hereunder the ~tortgagee sAall ha~•e the option to receive and ~pply tF~e same on ~coamt of t he indebtednes~ herrb~ ~ecurr~i. ur t~~ ~rrt:it the ~lwtgaRor to receive nnd use it. or any part thereof, wwithout thereby waiving or unpairing ~ny eqai- ' - ti, lien, or right under and b>~ ~ ir,ue• «f t hi~ mottKeKe In e~~ent of loss or physital damage to the mortgaged property the I~lortgago~ sha11 giv! iuunsdi~t! Jy j eo~~ 223 P~cE 1769