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Home My WebLink About2042 PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the ~4ortgagee the indebtedness evide~ced by a certain ptomissory note of which the following i~ words and figures is a true copy tawit: ~dHN~~ ~ f~~ Fort Pierce, F~o~da January 26, 1~_ 74_ ; t~)R vALUF RECFIYED_~~~.,. iQ~ ~~-~d swe'*verLally , p~omiwe tu pay x io eh~ ord~r o( _~LiRIGE....~iQI.TZMt~t AND DTANA HQI~,'~Zi~=~ S Wl~te~ ' the pnnc~pal sum o( S IX THOUSAND FOUR HUNDRED TWENTY-FIVE ANll tli~C L. . together with interc~t thrrcon from dat~ at the nte ot ten perccnt, per annum until m~turity, both principal and intcrest beir?R p~y~ble in law(ul money u( th~ llmted ~tate~ at ?.24t Biaeayne Btvd., hl~ami. Florida, or at such olhet plact u the holders hereof may desigaate in writina. Prinripd and i~t~reat pay~ble in in~ullments a~ follows_ ' ONE HUNDRED THIRTY -FIVE($135.00) DOLLARS per month beginning on the ` ~ lSth day of April, 1974, and continuing on the 15th day of each and - every month thereafter until paid in full. This n~~te may be prep~id ro Whole or in prrt after one yeat frum the date hereoi upon payment ot a penatty equwalent ~o f~ve percent of :he pnneip~l sum prepr~d. ! F:~ch imtallm~nt payment rhall be credited (irst on the intetest due, and the remainder on ~riacipal: snd intrr~~t ~hall thri~r- upon ~~ase upun the pnncipal so credited. ' Th~ mak~rs and rndors~rs of this note further igree tu waive demand, notice of non•p~yment and protest, and in thr ~vrnt ~Mit ,lull b~ brouRht !or the collec~ion herea(, or the same has to be collected upon demand o[ an attomey, to pay teasonable attorney ~ trr. (o~ making ~uch collection. pef~~r~d paymcnGs her~under shalt bear inter~si et the rste oE ten percent pe~ annum trom matu~ty unti) paid. l~hi~ not~ ie Recuerd by a mort~aar o( even date hcrewith and is to be consttued and enforced a~cocdtng to the laws oi the c , ~tat~ of Fl~xida; upon driault io the payment of p~ncipd and/o~ interest when due, the wholt sum of pnn~ipal and intere~t rrmam~ng uopaid shdl, at the oPtion of the hotders, become immedi~icly due an p~ya ~ ' ' S 9 ' QJ- -4 (SEAL) ~ /`7~ _ S T.C~ t c ' ~ ~C~~ (SEAL) ~ . ~ and shall perform, comply with and abide by each and every the stipulations, agreements, cenditions and covenants ~ of said promissory note and of this deed, then tius deed and the estate thereby created shall cease and be null and void. ~ I. The Mortgagor hereby covenants and agrees: - ~ lal To aq and sin r the nnci 1 and interest aad other sume of money i PaY R~ P~ M payable by cirtue of said promiasory oote and thiu deed, or eitRer, prompdy on thedays respectively the same se~erally becomes due. i 1 bl To permit, comnut or sufter no waste end to maintain the impro~•ements et all times in a stace of good repair and rnnciition. and to do or pernnit to be done to snid premi~es nothing that will alter or change the use acsd character of said property or in anr r~ay empair or wraken the security of this f mortgage. And in case of the refusal, neglect or inability of the Mortgagor to repair and main[ain said property, the ~fortgagee may, at his option, make 3 such repairs or cause the ssme tu be made, and adcance moneys in that behalf. ~ Ic1 To pav ell and singuhr the ta:es, assessizients, levies, liebilities, and obligations of even• r,ature on said dexnbed property each and everr when due and payable attording W law, before the~ bernme delinquent. a~d to deli~•er to the ~fortgagee on or before :lfsrch ISth of each year tu receipts e~idencing the pa~~ment of all lawfullv imposcd tezes for the preceding calendar year: to idemnify the ASoKgagee upon Ai~ demnnd for all ta:ea, as~esr ` ments and charges that may be asses.+ed upon this mortgage on the irdebtedness sec~ved l~eby. and paid by the morgagee. ~vithout regard to any la~v heretofore enected or hemaher to be enacted imposing paya?ent of the whole ot any part thereof ~on the Mortgagee. i ~ ~d1 'i'o pay all and singular the costs, charges end e~cpenv~, including lawyers' fees and abstrut•rnsta reasonebly incurred or paid at any time by the - Nortgagee becaune of the tailure on the patt of the Dlortgagor to perform, compty with and abide by each and e~~y the atipulations, agreements, co~ditiona and eo~rnartt~ of ~eid promisson note and this deed. or either, and e~•en• sueh payment sha11 hear interest from date at the r?te of ten 110°FI per centum pe.r annum. - ~ y Iel It is fruther corenented and sgreed by said parties that in the e~•ent ot a suit being instiwted to foreclose this mortgage, the Mortgagee shall be entitled to spply et an~• time pending such toreclosure suit to the court having jurisdidion thereot for the appointment of a recei~~r of all snd singufar the mortgaged propertY. and of all rents. incomes. profits. iasues and re~ enues thereot. !rom whatsoeva nource derived: and thereupon it is berrbY ~Pie~Y = co~•enanted and agreed that the Court shall forthw~ith appoint such receicer with the usual pow~s and duues ot reca~~ers ia like crx~: and said appoint- ment ehall be made bp the court as a cmtter of atrict tight w the Nortgagee, end without retereKe to the adequ~cy or inadequaty of the value of tF~e ptv~ perty hereby moRgeged, or to t6e sola•ency or iasolvency of the Mortgsgon or aay other party defendant to sueb suit. The Mortgagor 6ereby specif- ~ ic,Uy- waives the right to object to the appointment of a receiva ee aforesaid and hereby ezpressly oonseats ehat wch appointment shall be mede as an § adrtutted equity and as a matter of sbsolute right to the ~Iortgagce and that the same may be dorx withoUt notice to the 11oKgagor. S ~ ~'4i It forecbsure procecdinRs should be insiituted agalnst the property co~•ered by thi4 martgage upon any othe~ lien or ckim w~hether elleged to be superior or junior to the I~en of this mortgage, the ~lortgagee may at his option irivnediately upon institution of such suit or during the pendency thereof dectare this martgage and che indebcedness secured hereby due and payable forthw-ith and mey at its option proceed to torecbse this mwtgagw 1 gl Thst the :Nortgagor will keep all real and personal property now o~ hereafter erxvmbered by the lien ot this mortgage iawred sa may be tequired from " time to time by the ~tortgagee again~t loss by firn, windstarm and other hazuds. casualties end rnntinge~ira for such paiods and tor not les~ tdan such amounts as may be required by the ~tortgagee and to pa~• promptly when due aq premiums for ~uch insurance. The smounts of insurance required by the ~lorgagee shall be the minimum amowcs for w~hich said insurance shall be vrritten and it stiaU be incumbent upon the Mortgagor tomainUin such _ ~ additional inswarre a~ msy be necessary to rtmet and comply tully Rith al! coiruurence requirements contained in ssid policies to the end tA~t the ~aid _ \tortgagor is not a co-insuror thereunder. Insurance shaU be wTitta~ by a compeny or companies approved or deaignated by the ~tortgsgee and ill pdi- cies and renewals thermf sha(I be held by the biortgagee. All detaiied designations by the Mongagor w6ich tre accepted by the Mortgagce end aU agree - meats between Afortgagor and Mort~agee relating W irourance, now ezisting or her~fter msde, shall be in writing and ~hall be a pert ot thi~ mortgage ~ agreement as (ully as thcwg6 set torth ~•erbat~m herein and shall govern both perties hereto and thar succeseors and ~ssigna. No Gen upon ~ny of s~id poL•cies o( insuranee or upon any refund or recum premium which mey be payablr on the canceUation or ttrmination tha~eof, ahall be given to otha tlw~ the Jforcgagee, euepr by proper endorsement a(fi:ed to such policy and appro~•ed by ~iortgagee. Each policy of imur~na eh~ll 4ave affised thereW a Siundud New York \1nrt~tagee Clause rrichout Contribution, mak~ng ell loss or lobxs under such policy paysb(e to t6e MoKgagee as its intereet may ~p- - peer. In the e~~ent any sum or sums of rrconey become pa}~able t hereunder the :1f ortgegee ~hall Asr•e the optioa to recave end apply the same on acaoue~t I of the indebtedness hereby secured, or to permit the ~lortgaqor to receia~e ~nd use it, or eny part chereot, xithout thereby waiving or impaiting ~ny equi- ti, lien, or right under aod by ~inue r~t this mortgage. In event of bss or phys~cel dsmage io the mortgaged property the Mortgagor sh~ll give immediate ~ ' r~~-~ 223 PA~~~V~