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Home My WebLink About1674 Y' • 1'ROVIDE:U, AI.N'A1'ti, that if the \tortgagor shall pay unto the lfurtgageN the indahte~cinrss evidenced by a certain promissory ~ote__ of which the foUowing in words a~d figures is a true cupy to-wit: ~e~tya'~s~ 'J,'tste • =_~4.,025.00 _ Fort Pierce, F~«;d, February 23, 74 FuR V~LI~F RF.f.EiVE[1___ _____WE, jointly and severally, promiae tu pay to ~h~ ord~<<~( HARRY KOHN AND EVF.LYN KOHN HIS WIFE _ - the pnnc~pal +um ot IVINETEEN THOUSAND 1'WEN~-~'IV~ ana norl00-- ' W~,L~?RS, togethe~ w~th ~nte~e.t thet~on trom dat~ at th~ ~ate o( ten prrc~nl, per ~nnum until maturity, both prineipal ~nd interest bein~ parable ie lawful moncy uf th~ Ueited ~talea •t 2241 Bisc~ayne Bird., Mum~, Florid~, ot at wch other place u the holders hereof may designat~ in w~~ting. P~ncipa) ~nd ~nt~r~at pay~ble in imUllmen4+ a~ (ollow~: THREE HUNDRED SIXTY-FIVE ($365.00) D~~LLARS 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. T~~s note may bc ptepa~d ~n whole or ~n pa~t a;tet one yeat (rom the date hereot upon payment of a penaity equ~valent tu f~ve percent of :he p~incipal sum prepe~d. Each u~,talim~nt psym~nt rhall bc ~•~~dited (in~t on the intet~et due, and th~ ~~mainder on pnncipai; and intr?~~t ~hall thrrr , upun ~~s.r upun th~ pnnripal so er~d~t~d. Th~ maken and rndur*~n of tfiis not~ (urth~r ~~r,tee to w~~ve dem~nd, ~otic~ o( non•p~yment ~nd protest, md ~n thr ~venl suit ~ .hall b~ brouRht (or ~h~ ~oll~ctiun h~r~~~f. ur 1he same has to be collected upon dcmand o( an attomey, to pay reasonabl~ attorney'R ' (rr. (o~ makinR •uch ~oll~ction ~ " [Ir(m~d paym~nts hcreunder ehall b~ar ~nt~r~~t st the rate o( ten perc~nt p~r annum trum m~turity until pa~d. S l~hi. not~ ~erured by a mort~R~ c+[ rven date h~r~with and is to be conatrved and entorced aecordinq to the I~ws of the ~tat~ o! Fl~r~da; up~n ~f~utt in the P•vmcnt of principd andlo~ interest when due, the whole eum o; principal and interest rrma~ninR unpiid aha11, at lhe option o( the holdrtr, be~ome immtdiatel e and payadle. ~ ~I -~'?~--~~"Z ' : ~ • - ~ (SEAL) `.'1 _ ~~:~i l=r~.,- ~ - ^»r1~ % (SEAL) an s a per orm, comp y wi an a~ e y eac an every tne st~p a tons, agreemen s, condit~ons and covensnts of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be nuU and void. 1. The :13ortgagor hereby co~•enants and agrees: f ~a1 T~~ pa~• atl and sinKttlar the prin~ ~pal and ir.terrct and uther wm ut mcneti pavaWe by ~'utue of :a:d Nruciti-.~:z :~~t~ un~1 tti~~ dced ~~r riiher, promptly on the days respctiu~•rh the same se~•rraliy t~vrts~rs due. i i ! bi To pernut, commit or sufter no waste and ta maintain the impro~ements at all times in a sta[e ot good repair and condiuon. end to do or permit to be ~ done to said prertssses notlung that w-ill elter or change the use and charatter of said property or in am~ w-ap impeir or weaken the security of this f ~ mortgnge. :~nd in case of the refusal. neglect or inab.fity of [he \tongagor to rep~ir and maintain said propert~~, tne ~f ortgagee mar. at his op[ion, make ~ such repairv or caLLVe the same to be rrade. and advance mone}'s in that behelt. z IN T~i pay all und sic~ular thr [aa~•., a~st~-mrnts. li~v~r~. liab~liue~. an3 obligauun. of r~rn natureun ~nid dr~ntK-~i pr.,EH rt. .~ach and rti~•n when due ~ and pa}'able accordmg co lax, Leturr th~~y txcr.me drlux~uent, and tn deln'er to the ~tortKa~ee un o: t~c-fr.m \larch 15th uf ~~ach }.~ar tax rea~eipts ~ ev~dencinq [he pecment o( all lavrfully imposed ta:es !or the preceding calendar year: to iaemni(y the !~1ortKaRre uEwn his deinand for all taxes, assess- ~ ments and charges that ma~• be asxssed upon [his mortgage on the indebtedness secured hereby, and paid by the mnrKeKce. Kithuut rcgard to anc lew ~ herntotore emcted or hereafter to be enacted imposing pacment ot the ~vhole or an}~ part thereof upon the ~lortgagee. ~ ~ ~di To pay all and singular the costs, cha:ges and e~cpenses, induding lawyers' (ees and abstract costs reasonabl~• inci:rred or paid at any time p i ~ ~tortgagee because ot the failure on the part ot the 1lortgegor to pertorm. rnmply a~ith and abide by each and e~~ery the stipuletio:LS. agGc~ements. rnnditions and co~~rnants of said promi,son• note and [hig deed, or either. and e~ery such pay~ment shall brar mterest irom date at the rate of ten I 10°C-! ~ per centum per annum • ~ - ~e~ It is further cu~~enanted and agrrrd bc said partee~ that in the e~~ent of a suit being mctituted to furtrluse this mor[Kage, the \lortga~ sAall be ~ entitled to apply at em t~me pendinK such fnn~ lusure suit to the murt la~+ng jurisdiction thereof for che appuintment of a recei~•er of all and singular the ~ mortgaged property. and of all rents. inrnmes, profits, issues and revenues therrof, from whaisoe~•er eource deria•ed: and thereupon it is hereby e:pressly ~ co~ enanted and agreed that tha Court shaU (cxthw~th appoint such reoei~~er x~th the uswl powers and duues ot recavers in like cases: and said eppoint- ~ ment ~hall be made by the rnurt es e matier of strict right to the Mortgegee. and without refererce to the adequacy or inadequec}• of the ~•slue ot the pro- ~ pertv hereby mortgaged. or to the soh•~c~ or in~oh•ency ot the ~twtgegors or sny other party detendant to such suit. 7'he ~lort~tagor hereby specif- ~ ~cally asives the nght to object to the appointment ot a receivet a~ aforesaid and hereby e=pressly consenta that such appointment shall be mede as an ~ adrnrtted cquity- and as a matter ot abscdute nRht to the ~tortgager and that the seme tmy be done withoul notice to the ~1ortRagur. ~ ~fi It foreclosure roercdir. tihould br institut.d e ainst the ro rt • cocered b this mort e u n any other lien or claim whether alle to be P Eh K P Pe S Y B Se Po ~ ~ superior or junior to the I~en of thia rrwrtga~. tM ~tortgaKee may at hi~ option immed~ately upon institution of such suit or during the penZency thereof "i declare thi~ mixtqage and the indebtrdress secured hereby due and payable foreAw•ith and msy st its option proceed to foreclose this mortgage. :>z i K~ That ene ~f~rciKaRor vcill keep ali rral and per~nal pmpert~ now or hereafter encumbered by the ucn of this ~r:ortRage ~nsured as may be required from ,~i time to umr hy the \tortgagee ega~nst locs by fire, windstorm and other hezards, casualties and contingenctes for such ~r.nds and for not less than ' surh arrx~unt~ a: rnay he required by the \tnrtRagc+e and to pec promptlv when due all premiums for vuch insurance- The amounts of ~nsurence required - bc the ~lorga~ec~ shall be the rtunirnum amount~ f~r which said ~nsurance ahal! be written snd it stwll be incumbent upon the ~tortgagor to maintain ~uch additi~~nal insurance as ma~ be :~ecessary to rtiee! and comply (ully aith all coinsurance requ'vements contained ir. said pvLnes to the end that the ssid ~tortysaq~r is not a rn~~nsurrir thereunder Insurarxe shall be wntten by a compam• or companie~ approced or dea~gnated by the ~SoKgegee nnd all poli• 'r'; ries and renex als thrr~vf shall be held b~~ the 11~rtgaKee All detailyd designations by the ~tortgagor which are acceptcd by the ~tortgag~e and all e~ee- ~`~x ments t~etH+~n \t~~*tKaR~r and \turt~tagee relatinq to irtsurance, now existing ot 6ertafter made. shell be in w-riting and ahall t~ e pert o( thie mortgage agrcrmrnt as fulh as thnuK6 ~et forth ~~erbat~m hemm end shall govern both parties hereto and their successors and assiRns. `o Len upon eny of ssid _ pclieies of mvurance ar upon any refund or rewm premium which may be peyable on the cancellation w termination thereof, shall !~e gn~en to other than the \lortgaKm. except by~ pruper rndorsement affixrd to such poLq~ and eppro~•ed by \tortgegee. Each poticy of ir.suronce shall he~~e affized thereto a ~'`.i Standard \ew- York \tortqa~ee Clause without Contniwtion. makinq aJ loss or losaee under yuch po6c~• pa}~able tc the ti7ortRagee as its interent mey a~ ~'3 peec In thr eti•ent enp sum nr .wn~ of mnnPy txr~me payable [hereunder the ~turtgager shall haa•e the option to receive and epph• the same on account of the u~ebttdnr~~ hrn•hc w urrd ~~r tn ~~rniit the \1ortKaKm to recei~~e and use it, or any paK thereo(. without thereby wa;sing or impairing any equi- _ u. I~en. or riKht under and 61 ~~nu~~ ~~f 1 t~i~ mc~rtgage In ecrnt of losaor phyaical demage to the matgaged propertc the ~Tortgagor shall give 4~rnedi~te ~ ~ . r.~= ~ • - . 224 PACE16~ ~ . ~ _ ~ , ~ - ~ - ~ , ~~R~~~~,~.__ ~ ~r