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Home My WebLink About1112 PROVIDED, Al.«'AYS, thnt if the ~tortgagor shall pay unto the ~iortgagee the indebteclness evidenced by a certain promissory note___of which the following in words end figures is a true copy to-wit: t 8,275.00 Fort Pierce, F~o~d. February 163 ~~_74~^ F~~MILTO~ Wf ~V~YONS WE= jaintly and severally, ~om;k ~y to !be ord~r ot _ the pnncipal sum o~ ._E.I~k~T T,~~QUSAND TWO HUNDRED SEVENTY-FIVE . , ogether with interr~l th~reon from date at th~ r~te o[ tee percent, pet ~nnum unti) maturiq, both prineipa) and interest beit~ payable in law(ul money uf ; the (lmted ~tatea at 22~i4 Biacayne Blvd., Miami, florida, ~x ~t wch othct place u the holders hereof may deai6n~te in wrilina. Principal and intetrit pay~ble in in~Wimenb a~ tollowa: ~ ONE HUNDRED SEVENTY-FIVE ($175.00) 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. Th~s note may be ptepaid ~n w~ole or ~n part a;ter one year from the date hereof upon payment of a penally equ~valenl to (~ve percen~ of ihe pnnc~p~l sum prepa~d. ~ Each ~n•tallment payment r.hall be ~redited (ust oo the intetest due, and the remainde~ on principal; and intcK•t ~hall thrre- ~ upon ceax upun the pnnc~pal so c~edited. Th~ mak~rs and ~ndorsers ot thia note further agne to waive demand, notice of non•payment a~d protest, and in lhr e~cnt ~ui1 ~ .lull b~ brou~ht (or the collection hereuf, or the same has to be eollected upon demand ot an attorneY, to pay ceasonable attorney's frr. (o~ m~kinR ~uch collection. Defen~d paymenta hereunder eh~ll best ~nt«~st ~t the rate of ten petcent per annum Gom maturity until paid. l h~+ not~ ia eecurrd by a mort~e o( even date herewith and 'u to be corutrued and entorred according to the laws o( the - ~t~l~ ~ o( Flnnda; upnn def~utt in the payment ot prinapd aedlo~ int,ere~t when due, the whde eum of prin~ipal and inttreht erma~nin6 unpaid ahdl, at the opdoo ot the holden, become immtdiately dut and payable. S~ ( ~L:'~'" ~S~AL): ~ d".Z , ~ ~ ~'•''2~ ~ (SEAL) ~ and shall perform, comply 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. 1. The :1Rortgagor hereby co~•enants and agrees: - tar To pay a0 and siuKuler the principal and intrrest nnd uther swns ot rtwr.et~ payaWe by ~•vtur of sa~d prouuc.r,n• :u~ti• and this deed. or rithei. f protnptly on the da~•s respecti~-eh tne same se~~rraliy~ hecomes due. ; I b~ To perntit, commit or suffer no waste and to marntain the improcements at all times ~n a state of good repair and condiuon. and tu do or permit to be done to said premises notlung that will slter or change the use and character of eaid pmpert}- or in anr wsv ~mpair or weaken the se+curit~• of this ; mortgage. Aad in case of the refusal. negtect or inability of the ltortgagor to repair and maintain said property. the \tortgaRee may. at his option, make such repa~rs or cause the same to be made, end ad~•ance mone~~s in that behalf. ~ ' 1c17o pac all and singular the tuirs, as~rssment~, leaze~, liabifities. and obliqatiort~ of e~~en-nature on said descnFxd pruE.r•rt~• eac~ and eeen~ when due s and payable accordinR to :aN, befure t}~e~• bcrome delu~quent, and to deliver to the !1lortgagee on or before \larch ISth uf each ~ear tax rcreipts ~ e~idencing the psr-mEnt of a111awfWly imposed tnies Eor the preceding calender yeer: to idemnify the ~lortgagee upon ~ demand for all ta:ea, assess- r ments and charges thst mey be as~aed upon this mortgage oa the icdebtedness secured hereby, and paid Dy the mor~agee. without regard to any Iaw ~ hetetoforn enacted or hpreafter to be enacted im s~n mcnt ot the whofe or any thereof n the 41ort ~ Po ~ B Pa> P~ ~ SaK~- e a ~ Idl To psy a11 and singular the costs, charges and e:penses. including lawryers' fees and abstract costs reasonably incvrred or paid at eny ume by the " ~{ortgagee because of the failure on the part of the ~tortgagw to perform, mmply with and abide by aech and ecery the stipulations, agreements. ~ conditioo9 and corenants of ssid promrsson~ :wte and thu deed. or either, and eceq• auch payment shall bear interest from c:ate at the rnte of ten 110°`~ ~ ; per centum per ennum. 5 ~ ~ ~el It is further co~•enanted and agn~cri by said parues that in thr ecent of a suit being institutcd to foreclose this mortgage, the ~tortgagee shall be ~ entitkd to apply at am~ time pendinK such fnrt~clucure swt to the court }~aving jurisdiction thereof for the appointment of a recei~~er of sll ard singular the mortgaged property, and of all rents, incornes, profits, issues und revenues thereo(, from whatsoe~~er source derived: and tl~ereupon it is ~reby espressly ~ co~enanted and agreed that the Court shall torthwith appoint such reoe~crr w~th the usual powers and duties o! recei~~ers in like ce.ees: and said appoint- ment sheU be made by tM court as e matter of ~trict right to the Mortgagee, and without rntererce to the adeqwcr• or inadequacy of the calue o( the pro- ~ rty herebr mort or to the solven or insolvency of the ~fort rs or sn other pe gaged, cy gago y pnrty defendent to ~ucb ~uit. The ~tortgagor heieby specif- - icall~• waives the right to object to the appointme~t ot a reoeivef a~ ateresaid and hereby ezpressly eonsente that such appointment ~hall be made sa an ~ adrrutted equitp and ac a mntter ef ab~olute right to the ~Surtgegee and tMt the same may be done ~viCh~iut not~ce to the ~tortgegor. ~ a ~ ~f~ It foreclosure procee.~n~ .~hould t~ insuwted agalcwt the property cot~ered by this moctgage upon any other lien or cleim whrther alleged to be 5uperior or junior to the hen of thi~ mortgage. tt~ ~tortgagee mav at his option immediatelp upon institution of such suit or durinR the pendency thereof declare t his mor tgage and the indrbtednass ~cavrcd hereb~~ due and payabte forthwith and may ~t its option prooeed to foredosE tAis mortgage. ~ q~ That the ~tortgagor w~ill ic.ep aU mal and perconal propert~- now or hereafter enNmbered by the lien of this mortgage ~ncured as may be re~tired from time to time by the \lortgagee against loss by tire, wnndstorm and other hezards. casuelties and contingencies for such periods and for not les~ tAan such amounts as ~c be required b~• the ~tortgagee and to pey promptl~ whm due all ptemiums for such in~rance. '[Te emounts of ~ns~rsnce required by the ~torgagee shall be the minimum amounts for which seid ~nsurance sha(1 be wTitten and it shall be incumbent upon the \toRgagor to meintain 9uch ' addieionat in9urance as may be necessary to rneet end cumply fully ~cith ail co-insurarce requvanents contained in sa~d poL•cies to the end that the ssid ~tortgagor is not a rn-insuror thereunder insurance sha!! be written by a company or oompanies approved or dq~gnsted by tAe ~tortgagee and ell poli- n cies and renc~u~al~ thrreof shall he heid by thr ~fortga~Cee. A:l detailed designationi by the \tortgagor which ere accep:ed b}• the ~lorigagee and all agree~ ments briKYen \1ortKagor anci 11urt~tagee relating to insurance. now~ e:isting or hereafter made, shall be in wTiting and shall be a pert of this mortgage agreemrnt as iulh av though set f~rt:~ ~erbatim herein and shall go~•ern both perties hereto end their successors and a~~igns. `o Gen upon any of said pofides of in.rurance nr upon any re(und or retum premium ~vhich mar be peyable on the cancellatiun or term~na[ion thereof, ehall be gi~ en to other tMn the StoztgaKoe, rxcept by pruper end:~rsement atfi:ed w such polic~ and appro~•ed by ~tortgsgee. Eech poticy ot insuraace ehall M~•e atfized thereto a Standard \er York ~lnrtgaRee Ctause without Contrilwtion, mak~ng sil loss or losxs under surh policy pacable to the ~lortgegee e9 its iiKerest mw ap~ 'r ~ pesr. In the e~~ent eny~ wm or sum~ uf rone~• become pa~able thereunder the ~tortgegee shaU haa~e the option to rcreive and apply the sa;ne ors acoount of the indeblednes~ t:rrrFi~ serur~vi. r.r tc~ rnit the \tort a or to receive and use it. or am~ rt thereet. withuut thereb waivi, or im an P'' • K K Pa Y '36 P~~B Y~- ti. lien. or nght undrr ecnl b} ~irt ur of t his m~~ngage In ecent of loss or pi:ye~cel damage to the mortgaged property the tilortgagot s!sall give immediate _ : ~ I 224 Pa~,E~1~.1 . - ~ ~5'^w,g _ ~'~`.a ~ . . ' . Y ~ ~a~`_ ~a - a-'~ ~r ' ~ H _ .a eon' ~-"3- . x s~3-a~° ~-"f