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Home My WebLink About1686 PHOVIDED, A[.VVAYS, that i[ the ;~tortgagor shatl pay unto the ~tortgagee the indebieclisess evidenred by a ce~tain promissory note of which the following in words and figures is a true copy to-wit: ~ ~ ~dNi~~~ ~,f~'~ ~ ~ s~~_, 42~00 ~ Fort Pierce , F~a;d. Februar~21. V 74 i ~ f }pR VAl.tfE RECF.lVED WE ~ iointlv and severally, promiae tu pay ' t~ thr ord~r o(Y,Qij~__~,_~SPIR'r ~?hr pnn~~pal ~um ot _SIX THOUSAND NINE NLINDRED TWENTY-FIVE AND ~flgrlhet with interre~! ~ i th~reu~ trom date at tt~e rate of ten perc~nt, pe~ ~nnum until matunty, both pr+n~ipd and interest beinR parable in law(u) money u~ ~ thr l!n~ted ~tates at '.'.':~t Biscayne 81vd., Niami, fiorid., or at such other place u the holdcrs hereof m~y de,~~n~te in wnti~~. t'r~ncipsl ~od intere~t pay~sit in in~taliments u tollows: ~ ONE HUNDRED FIFTY ($1S0.00) 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. ~ This note may be prep~~d ~n whole or ~n part aftet one ye~r from the date hereof upon payment of a penalty equ~vafent t ~.•e percent of the pnnc~pal sum prep~~d. ! Each m-ulim~nt paym~nt rhail be ~•~~d~ted Grat on Ihr intrreet due, and the ~~m~inder on princ~pal; and intrK•t •hall thrrr- ' u~,un r~~u upun thc pnncipal so cttd~t~d. I Th~ m,ekrn and rndoreets of th~s note further a~ree to waive demand, ootic~ o( nomp~yment and pwtest, and m lhr evenl suit ~I:~If b~ bruuRht for the collection he~euf, or the same haa to be eo!lect~d upon dem~nd ot an attorney, to pay reawna6le atto~ney'a ' (ur mak~ng +uch coll~cdon_ ~ l)e(~n~d piymenti h~reunder ehdl bea~ intere~t at the ~ate ot ten pere~nt per annum (rom maturity untii paid. 1 h~~ not~ ia ~ecured by a mort~,age of tven dale herewith and is ta be construed and eniorced according to the I~ws ot the f~ '=tat~ of fl~nda; upon drfault in the paymcnt of prinrspd andlo~ inttreat when due, the wholt eum of ptin~ipal and intereet ~ rrm~~n~nR unpaid shell. ~1 the epdon o( th~ hulde~s, 6ecome immedi~tcl . ue and p~yabl~. i ~ cJ ~t, L~' ~i ~ L,(,,: J.C ~ ~a,~ l ~ ~ . ~1 . - (S~AL) , ~ '1~ • > ~~C)'L j'L f t' ' ~1,L ~ ~ ~ ~ i ~.arfS~~.) ~ ~ } - . and shall perform, corrtply with and abide by each and every the stipulations, agreements, conditions and covenants o[ said promissory note and of this deed. then this deed and the estate thereby created shall cease and be null and void. 1. The :~lortgagor hereby covenants and agrees: ~ ~e~ To pa}• a!1 and einguLr the principal and interest and other sums of mone~• pavaWe by virtue of said procrusson• note and this deed, or either. , prompth• on the d~ys respectivel~• the same se~•erdly becomes due. ! br To permit, conunit or suffer no waste and t~ maintain the impro~~eme~ts at atl times in a state of qocxf repair ancf : imdwor.. ar.d tn ck~ i,r E,ermit ta be d~~ne [o said prertuses nothing tt~at will altrr or chan~e th.e use and character of said property~ or ~n any wtty~ ~mpair o: Neal~rn the u~urit~• of this mortgege. And in cuse o( the refusul. negirct or ~nebiLty of the titnrtKagor to repair and maintain seid propertti . the \1~,rcK~~Krr may, at hi~ opti~n, make such repairs or cause the same to be nade, and ada~ancr rtx,nevs in that behalf. ~c1 To par• alt and singular the taxrs. asw.smrnts. leties. liebilities, and obligauoru of esen• nature on safd descnbed prr,perty' each snd e~en• w~hen due and psyabte acc~xdmg to law, before chey brcome delinquent. eed to deli~~er to the ~lortqagee on or before \larch 15th ot each }~ear ta~c rereipts e~idencing the pa~-ment of all lawfulh• impo9ed ta:ea for the preceding calendar year: to idemnify t6e !lfortgagee upon his demand for all ta:es, assesr ments and charges that ma~• be assesxd upon [his moKgage oo the irdebtedness secured hereby, and peid by the m~~rga~n~. witM,ut reqard to eny Inw hxretofore enatted or harafter to be enacted unposinq peyment ot the whole or any patt thereo( ~on thr ~lortgagee. idl To par ai1 and sin~vler the cosis, chargrs and e=pense., including lewvers' fees and abstract cocts reasonabh~ incvrnd or paid at any time b~• the ~tortgagee because o[ the tailure on the part uf the \lortgagor to perform, rnmply with and abidr by each and e~en the stipulatiuns, egreements. conciitions and covenants of seid pmmissor~~ nute and [his deed. or either. and ecen- such pa~•rt~nt ~hal1 brar ir,~re~t frnin date at thr rete of ten ~ 10~r ~ percentum perannum. ier It is further co~-enanted snd agreed by sa~d puties that in the ea•ent of a suit being i~tstituted to foreciose this mortgage. the 1lortgagee shall be entitled to apply at anti~ time pending tuch fnnr•los~:re suit to the court ha~-ing jarisc~ictioh thereof for the eppointment of a recei~•Pr of all and singular tAe i mortgaged property, end of all rents, inrnmes, profits, issues and recenuea thereof. (rom whatsoecer source derivcd; and thereupon it is hereby e=pressly co~ enanted and aEtreed that the Court shail fnrthwith appoint such rec~e~~~er w~ith the usuat powers and duties of rcceia•ers in tike eases: and said appoint- ment +hall be made bv t he court a~ a matter of stnct righc to the \tortgagee, and without retererice to the adequecy or inadequacy ot the ~-alue of the pro- perty hereby mortgaged, or to the solvency or insoh•ency ot the \lortgegoro w any other party defendant to such suit. 7'he Stortgagar hereby specif- ~ icaUy wai~'es the right to object to r he appointment of a re+ceivcr a~ atorraeid ar?d hereby ezpressly onnseais thai such appointment shall be mede as en ! adnutteti rqwty and as a matter oE a6wiu[e nKht u~ the ~tortgegee and that the same msy be done wichout notice to the \tortgagor. If furectowre procc-ectin~ Shuuld Fm in~titu[ed aRa,nst the propertti• eorered by [hi~ mortgege upon any other lien or cleim whe[her rlleged to be Supenor cx junior to the lien nf tAiti rr.~~rtKaKe, t1x~ \fortga~ mav at his option immEdieteh• upon institution of such suit or during the pendencp thereof declare thi~ mortKaxe and the indebtrdnc-,s .c~vrcd herehy due end pay able forthwith and may at its option proceed to foreclose this mortgage. ~ 1 That t he \1oKKaKor x~il kckp a;I rral and ~er.+mal pruperty now ur hereafter en~vmbered by the lien of this murtgagP incured ns me~• be required from time to time~ F~v the \1~NtRa~ee aKa~nst ioss b~• f~re, wirxistorm and other hezards, casualties and mntingencies fnr such periods and for not less than ' such arru>unts ac mac tx reyuircd by the \fortgagee and to pay prompth~ w~hen due all premium~ for such insurance. 'I'he emounts of insurance required by [he ~turgeqee shal! be tho minimum amounts f~r which said ir~surance shell be v~Titten end it shall be intumbent upon the ~lortgagor to mliniflin such ndditional in9urance a~ may be nccessary to meet arni comply fiilly witA all miruurance requirement~ contained in said policies to the end thst the ssid ~tortgagnr is not a m-insuror thereunder. Insurance vhall he w-ritten by a compeny or companie~ epproved or des~~tnated b~• the ~tortgegee and sll poli- cie~ and renrwalc thertr,f s}~all Ix hrkl 6} thr 11r.rtgaqee. All detailed desi~utions by the ltorigagor which are accepted by the ~tortgagee nnd all a~eP ments t~•twern ~1~~rtKaKnr and ~T~~rt~a~re rriatinK to irewance. now e:icting or hemeher mede, shatl be in wziting arr.l ~all be a part ot t}us mortgsge a~trmmrnt as tulh as tFou!{b ~et fnrth Lerbat~m herein and shall qovern both parties hereto and thei~ wccess~ors nnd as;igns. \o lien upon eny of seid Ewlic~es o( msurarxe or upon anc rrfund or rW utn premium which mey be payable on the cancellation or termination thereof, shall be given to other tMn the \tor,qaKee, rxcrpt In~ pr~~per k•~~~~r~emc-nt afF.xFri to such poGcy and appro~•ed by ltortgagee. Each policp o! ituwance she11 have affized thereto e Ster.dard \ew York ~tortgagee ('lautie rrithout ('ontnFwtion, making all loss or losxa under such poGcy payable to the ~lortgagee as its interest may ap- peer. In the e~ent an~• sum or sums of money become payable thereunder the Mortgagee shall Mve the option to receiv¢ and epply the same on sccount of the indebtedne,~ hc retr} ~ecum~l. ~r tn persnit the 1lortKaKM to receive and use it, or any part thereof, without thereby xaiving or impairing ~ny equi- ti, lien, or right und.~r end bc ~irt u« nf t his mongaqe. In e~ent of ioss or phy~ical damage to the mortgtged propertp the ~tottgagur shRll give imtn~adiete . ~ r::t 2~4 P~~E~685 S C ~y_~i '~S ~Y . ' S-t- ~ _ F' . ~ ~~~"Xa's~ ~ -aY~ 'r" N_.~ ~ d ~~~.h~?yX' ' • ~N . >r .~,'c" _ . . . " i., a9'~'lr~~~~