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Home My WebLink About0166 PROVIDEU, A1.~1'AYS, that if the ~lurtgagor shall pay unto thr \tortgaKee the indrbteciness evidenced by a certain promissory note~___.ot which the following in words and figures is a true copy to-wit: . ~ ~ • ~s~t~~ xsu . f 2_ 2~Q..QO Fort Pierce, p~a;d, February 9,_ 1~. 74~ FUR VALI~E RECF.IVFO_ promice tu paY ~p ch~ o~d~~ ~t ,EDWARD BRO[,TN AND C1~R~5L • , ~-Wl'FE' the pri~c~p~! sum ot ~~i1O TNOUSAND TWO HIJNDRED FIFTY atld rto 100 DOI,L~IRS, together wilh iote~cat therton (rom date ~t the tate ot lrn peteent, per ~nnum until maturity, both principal ~nd interest bei~ payable in law[ul money ut th~ llmted itatea ~t 22-14 Biacsyn~ Blvd., hliami, Plorida, w~t wch other place u the holdeta heteot may ~esign~te in writina. Pnncipal ~nd ~nten~~t pay~Dle in inaWlmenta d followa: - SIXTY ($60.00) DOLLARS per month beginning on the lSth day of April, 1974, and conrinuing on the 15th day of each and every month theze- after until paid in full. Th~s noie may be prepa~d ~n wholc ot in patt a:tet one yoat ftom the datt hereof upon payment of a pcnalty equivalent to (~~c percent of the pnnc~pal sum prepe~d. ' E:.ch in>tallm~nt payment bhall be ~redited t~rst on the intercst due, and the remaiode~ on principal; a~d intrrr•t ~halt therr- upun ~~a.r upun lhe pnnc~psl so credited. ~ Thr m~krrs and ~ndorsers of lh~s note furthe~ agree to waive demand, notic~ of nomp~yment and protcst, and in thr ~vent suit ,lull b~ brouRht (or the collection hereo(, or the 6ame haa to be collected upon demand o[ an attomey. to par reasonable attomey's .~r. for mak~ng ~uch toll~ction. D~ferr~d paymenta hereunder ehal) bra~ interr~t at the t:te ot ten percent per annum [rom maturity until paid. 1'hi. not~ ia ~ecurrd by a mort~ge ot even daGe herewith ~nd ie to be conswed and enEoreed aecotding to the laws o( the `tat~ o( Flnridr, upon def~ult in the payment o( principd ~nd~o~ infereat when due, the whde wm of principat and inteast rrma~n~nR unpaid ahall, at the option o( the hotde~s, become immedi~tely duetnd pay~ble ' S~ ~ ~~1~ ~ ~ ~ (SEAL) : - S~ ~ (SEAL) and shall perform, comply with and abide b~~ e~ch and every the stipulations, agreements, conditions and covenants of said promisson• note and of this deed, then this deed and the estate thereby created shall cease and be null and void. f 1. The Mortgagor hereby co~•enants and agrees: i ~ ~al To pay~ nll end sinRuler the prirtcipal and in!erest and other sums of mone}- Fayable bp a-irtue of said proausu~n• note and this deed, or eithe~, i ~ prompdc on the da~~s respect~ve!} the same set erallr- becomes due. f ~ ~b~ To permit, comnut or sufter nu wa~tr and tr. maintain the improcements at atf .:nx~s in a+tete of K«~ repa~r ead cor.dition, ane! to do or permit to be ; dune tv yaid pre~ruses notFur~ that will altrr nr chanKe thr u~e and charatter of-said prooert~ or ~n am• w•a~ ~mpair or wraken the securi[}' of this moRgage. And in case ot the refusal. nrgtect or :nab~Gt~• uf the ~1onKagor to repair and ma~ntain said proprrt~•. [he ~fortgaqew me~-. et his option, make such repa~rs or cause the same to he made. an~i ad~~an<r monep~ in tna[ behelf. Icl To pa~• all and singuler the tazes. assessments, le~ze~. Gabilities. and obUgatio:u of e~en• nature on sud descnhed properh• each and e~•ery when due nnd payebte according to law, befo:e thec txcome delinquent. end to delicer [o the lfortgagee on or befo:e ~terch ISth o{ each pear taz reteipts F etiidencing the pa}~ment of all lawfulh• imposed tazes for the preceding calendar yenr: to idemnifi• the \tongagee upon Fus demsnd for aU ta:es, as~es~ ~ ments and charges that may be asxssed upvn chis mortga~ on the indebtedness secured hereby, acnl paid by the mnr~raKee, without regard to any la~v ~ heretoforn enacted or hereaher to t~ enacted irtipusing pa} ment oE thr w hole or an}• part therc~f u~wn thr \totigagee. i - Idl To pe}~ all and singular the ccKts, charKrs and rxpenses, ir.ctucLng lav~y~er~' trc~ and abstract co~ts reasonabt~• :ncvrred or paid at any time bp the F \lorigagee bctause of the faiiure on the part of tr~e 11ortg-agor ,o ~rferm. complp xith and abidr oc ~arh and ecer~ the stipulatans, egreements. condiUons and cocenants of sa~d prorrus~n• n~~te and tAes deed. or either, end e~en~ such pacmrnt shall hear interest from date at the rate of ten I 10`S~ 1 3 ' percentum perennum. i ' ~el It is further cocenanted and aKre~ b}• ca~d parties that in the e~ rnt of a suit betnR lnstituted to forerl~~se this mortgage, the ~tortgagee sha11 be s entitled to apply at am• time pending ~uch forrr!n~ure suSt to thr murt ha~•ing-j uri~diction thereof for the appo~ntmeM of a receiver of all and singular the v mortKaged property, and of all rent~, inc~~mes, p:otrts, icsues and re~enues thercrf, from what~oe~er ~urrn derived; and thereupon it is hereby e:pressly ~ covenanted and agreed that the Co~rt ~hall forthwith app>int such rr.r:~ er with the usual ooxers and duties of receicecs in like cases: and said appoint- ~ ment shall be made bc the cnuri as a matt~~r cd stnct ri~ht to the ~furtga~e. and wichou~ referenre to ihe adeq~~acy or inadequecp of the value of the pro- ; perty hereby mortgaged. or to the soh~enct• or :nvulcenc~ of thr \fortga~rs or any other pany defendant to such suit. The ~tortgagor heieby speci6 ~ ~call}• xsives the right to ob~ect to the appoinlment of a receiver as a(orecaid and hereby e:pressly rnnsents that wch appoin[ment ehall 6e msde as ~n adrtutted equit~ and a~ a matter of abs~~tute nKht to the ~tortgegee and that the same mas• be done wuhout notire to the lfortgagor. ~f~ It foreclnwre prcxY~n~ sh~wid F~e imtituc~K1 aXa~n~t the proprrcy~ co~ered b~~ thi~ ~nvrtgege upv~ any other iien or ciaim a~t~ether alleged to be - aupenor or ~unior to the 1len ~t th~= m~~rtk~aKe. th.• 11«rihaRer ma~~ at his option immcrlietrl~ upcm institut~on of such suit or during the pendency theteof _ declare thi~ m~xtkaRN end :he indebtt~~incKS x• urrd herrb~ dur ard pay atde forthwith and may at its upuon procYed tu foreclose this mortgage. - ~ K~ 7~hat the \lort~{~Knr u'i1) keep all n-a] and per~;:~a: p.•opertti~ now ~~r nrre~fter encvmhered Dc [he lien of t}us mchtRaRe inwred as mey be required from time to ume by- the \ltnigaker agemst Inss b~ f:re, w~ndstorm end other hazards. casual[irs and amtingencies fnr such periods and for not less than such smountc a~ mav be reyuired h~~ thr ~tortKaKm and tn pac pr~mpth a~hen due all premiums (im such ~ncurance. The emoums of ~tuu?ance required ~ hy~ the ~torga~ chell be thr minimum amuunt s fnr w hich sa3d in~urance Shall be wntten and it ~Fwll be inivm~nt upon the ~lortgsgor to maintain such ~ addiuonal ia~urence as may be necr«arc to m.cret end com It fitll • with all co-inv~rance r irernents a~ntained ir, sa~d P S ~ policies to the end that the ssid 3 ~1rrrtRaQ~x i~ f101 a lY~~i[1cUftK tfIPrFUIt(~l~: II1~U7t~(1fF ~EIdII hp NTl(fPil h~" a fOInE1~971Y Of CDI71F1flI1tP5 8(1PMti't'd OT ~jP9tKt78[e'd b)' f.}1C ti~OIL~lgl.'f Md EII ~OII- cees and rene~~als thrre~.>f shall h.• hrld hc thr \1nrtKaK~ drtailrei desiKnations b}• the ~fortga~mr w-hich ere eccepted by the ~loregaRee and all e~ee- mrnts brtNeen \tnrt~;agor and \turtKaKre relatinK to iasurance, nox existing or hereaher medF. shalf be in wriunR and shall be a peK of this mortgage aRreemrnt as fulh as [houqh set forth cerf~at~m herein and shal! Etu~•em both parties Nereu~ and their successors and assign~. 1p Gen upon any of eaid policic~ of in~urance nr upon any rrfund or return premium which ma}• be pe}-able on the cancellat~~~n or terminetion thereof, sha11 be gn~en to other then _ the ~turtg~ct•, rxcept by prnper Nnd~~r.emen[ ,,ffixrd w such poLct• and apprniecl by~ 1lortgagee. E:ach policr~ of insuranoe shatl have affi=ed thereto a # StandarJ tex 5"ork t1~~r.KaKee (7au~e w-i[heut ('antribution, makinKaU loss or lasses under such policy payeble to the ~tortgegee se ita interest mey ~p - p~r. In the rcene am sum or oums ot rt:onec tr=cur.u payable thereur.der the ~to: tgagee shall have the option to receive end apply the ~ame on acoount ; ot the indebtalnrs~ fi~~rrb} aYUnYi. ~r tn ~•rm~t t F.e 11i~tt~ayG~r t~receive and use it. or any part thereof, v~ithout thereby vrai~ing or impairing ~ny equi- ° t~. lien, or nght undrr a rx1 b~ ~ utur r~f t h~~ m,~~r* Ka~p 1 n ecent of ss or physual damsge to Lhe mortgageo property the 11ortg~gor eh~ll give imna~ete 3, ~ `-r' F''.~__ ~,s'~ _ ~ . ~ . . - = - ~