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Home My WebLink About2088 PROVII)ED, AI.N'AYS, that if the ~lurtgagor 9he11 pay unto the ~lorlgagee the indrht~~inetis e~•idenced by a certain promissory note___- of which the following in words and figures is a true copy to-wi~: y ~aHN~L . s__ 4~125.00 ~ Fort Pierce, . F~~;d, February 23, ~~?74__ ~ ~ ~1~Eg E Y~p~_~ WE jointly and severally, promisetupay ~l)R GERTRUD~~ T'U(.'H1vL.'~`-~' t~~ the ordet a( - thr ~,~~~~~pd s~„? o~ ~FQ1IR_THO~~ND ONF ~1URED TWE~I7Y-FTVE anil[ . 4 , together with intenal ~ thrrton (rom date at th~ nte of ten perceot, pet ~nnum until m~turity, both pnn~ipal ~nd intcrest beit?R pay~ble in lawiul money u~ ih~r t!nded ~tate~ at 22~t~t Biac~yne Blvd., ~1umi, Florid~, w~t w~h other place aa the hulder~ hereot may de~qn~t~ in wtitinR. I Pnncipal and intere~t p~y~blt in insWlments u(ollow~: ' ~ EIGHTY-FIVE ($85.00) DOLLARS per month beginning on the 15th day of April, 1974, and continuing on t~?e lSth day of each and every month thereafter until paid in full. Th~s note may be prep~id ~n whole or ~n p~rt a:ter one year from ~he date hereo[ upon payment of a penalty equ~valenl ~ I fne percent of the pnnc~pal sum prepaid_ _ I E~ch i~utallmenl payment ~ ha t l b e rr~ d~te d fint on t h e m teres t due, an d t h e r e m~ i n d e ~ o n p r i n c i p a l; a n d i n t r n~ t ~ h a l l t h r r r- ' upun crasr upun the pnncipal so cred~ted. I Th~ m~ker~ and ~ndorsers o( thi. ~ut~ (urther aaree to waire demand, not~ce o( non•p~yment and protest, and ~n thr event auit .h~ll b~ bruuRht for the collection hcrcuf, or the same has to be collecttd upon demand o[ an attomey, to pay reawnaGle attorney's j Irr. for making such collectiun. ' I)~ferr~d paymenta hereunder shall bear intereat at the rate oI ten per~ent per annum trom matu~ty until paid. ; l hia not~ ia ~ecurrd by a mort~p?g~ oE even date herewith and ~s to be construed and enforced according to the laws of the ~tat, o( Fl~~id~; upon defeult in the P~yment ot principd and~o~ intered when due, the whole bum n( prin~ipal and intereet ~ ; rrmtininR aopaid ahdl, •l the option of thc holde~s, become immediately due ~nd ayable. ~ ' S1 Q~/_-~=t-' ~J, ,l-l~l'7r;~ -6ci~~SEAL) i , 1 1 •'i ~ i"• / / : I •(1 ~ (S~A~,~ . ~ + . ~ •.r. and shall perform, comply with and abide by each and every the stipuletions, agreements, conditions and covenants of ssid promissory note and of this deed, then this deed and the estste thereby created shall cease and be null and void. 1. The ~tortgagor hereby covenant s and agrees: lal To pay all and s?n~+lar the prirtci{3a1 und interest and other sums of ~nonec payable b}• ~-irtue of said prouu.~w,n ::.tr and tAts de~d. or eithrr, promptlv on the da~•s res~rticel~ the saR~e se~erallp becomes due. 1 b1 To pertnit, commit or suffer nu ~.aste and to maintam the improa•emeots at a0 Lmes in a state of good repair and coniition, snd to do or pernsit to be done to said prem~ses nothing that w-ill elter or cAange t}se use and chuacter of said property or in any w•ay impair or w-eaken the securit~• ot this mortgege. And in case of the refusal. neglect or inability ot the \lortgagor to repair and msintain said property, the \lortgagee may. a~ his option, malce euch repain or cause the same to be made, and edvance moneys in that behalf. i r Ic1 To pay ell and s~ngular the taxes. as~sments, le~aes. liabiliues. and oWigatiuns ut evep• nature un said descnt,cd prupc•rt~~ c:+.h and e•:en• when due and pn}•able accordmg to law. tx~fure t}ret' becume delinyuent. ard to deliver to the ~1ortKaKee on or befnre ~lazch ISSh of each ~rar ta~c receipts evidencing the pnyment of all lawfulh- imposed tazes for the preceding calendar year: to idemnify~ tbe \tortgagee upon his demxnd for all taxes, assess- ~ ments and charges that ma~• be assessed upon this mortgage on the indebtedness secured hereby, and paid by the morg-a~h, witlwut regard to any~ law - ~ heretofore enacted or haeafter to be rnacted impo~ng pa~ ment of the whole or any part thereof upon the ~lortgagee. ~ 1d1 To pay al! end singular the costs. charges and eipenses. inc]uding lawyers' tees and ebstract costs reasonably incvrrcd or paid at any time b~' the ~ ~lortgagee because of the failure on the part of the \fortgagcx to perform, rnmply wrich aad abide by each a~d e~-ery the stipulations. agreemeats. ~ conditions and co~'enants of said pronnssory• noce and this deed, or either, and ecery• such payment shall bear interest from date at the rate of ten ~ 10'< i ~ per centum per annum. . ~ ~ ~e1 It is further co~rnanted and aKrrrd by~ sa~d parties that in the ecent o( a su~t being iastiwted to foreclosr this mortgayze. the ~lortgager shall be A ~ entitled to apply at am• time pending such (onviusure suit to the murt having ~urisdiction thereof tor the appointment a( e rcrei~•er of all arw~ singutar the mortgaged property, and of all rents, inrnmes, profits, issues snd re~~enues thereot, from whatsoea•er source denved: and thereupon it is hereby ezpressl) co~•enanted and agreed that the Court shall forthwith appoint such recri~ er with the usual powas and duties ot reca~~ers in like cases: and said appoint- ment ~MII be made by thr court as a metter of stnct right t~ the 3tortgagee. and without reference to the adequecy or inadequacy of the vslue ot che pro- perty hereby mortgaged. or to the solvency or ineoh•ency of the :~tortgagors or eny other party defendant to such suit. The \tortqagor hereby specif- ~ icallv wsives t6e right to object to the appointment ot a recei~•ec ee atoreseid and hernby e:pressly oonsents that svch appointment shall be mnde as an ~ - ~ adrtutted equity and as a matter of ab~lute righl to the ~tortgagee and that the same ma}~ be done withuut notice to the ~lortgagor. ~ ~t~ If [oreclosure proceedings shouid i~e snsuw[ed against the property co~-ered by this mortgage upon anc other lien or cleim vrAether alleged to be ~ superior or junior to the Len of thi~ mortgege. the \tortgagne may st his option immediatel~• upon institution of such suit or during the pendency ti~eieot declare this mortgage and the indebtedness secured hereby due and payable torthwith and mey at its option proceed to [oreclose this mortgage_ ~ '_s ~ g1 Tha[ the \tortqaqor w-ili k~p all real and peru~nal property no~r or hereaher encvmbered by the Gen of this mortgege ir.sured as may be required from " t~me io ume by the ~t~»tgagee against k~sa by (ire, windstorm and other hazard~. casualeies and mntingencies for such periods and for not less than wch anwunt4 as may~ be required by the 1lortgagee and to pay prompth• when due all premiums for vuch insurance The amnunts of iasurance required - by the ~lorkagee shaU M the rrun~~num amounts f~~r which aa~d insurance shnU be w-ritten end it sheu be incumbent upon the \tortgagor to maintain auch " additionaf insurance a~ mey be necessar~• to meet and comply fully witA all ccr~:uurance requ'uements rnntained in said policies to the end that the said 1lortgagor is not a rn-insuror thereunder. Insurance 9ha11 be wnttcr by a company or companies appro~•ed or designated br• the 1lortgagee and all poli- - cies and renrwals therrof shall be held b~ the lfortgaRee. All deta~led designations by the ~tortgagor which sre eccepted by the ~lottgagce and all a~ee _ ments betneen \1c~rtgagor and ~fortgagee relatinK to iasurance. now e:isting or hereaher made, ehall be in vcriting and shall be a pert ot thie mortgage ;~r agreemrnt as fully as thoug6 set forth cerbetim herein and shall govem both Qerties hereto and their suaessors and ass:gns \o lien upcm any of said " - policicx o( msurance or upon any refund or return prerttium which tmy be psyable on the cancelletion or temtination thereof, shall be giren to other than the \lortgay~ee. rxcept by pr~~per endorsertrnt affixcd to such policy end appro~-ed by'.14ortgagee. Each polic~• of insurance shall ha~~e effized thaeto a Standard \eW~ Y~uk ~lurtgagee CIa45e without f~ntnhution, mak~ng all loss or ioanes under such poGcy pa~eble to the ~iortgagee as 'sts interest may ap~ - peer in the erent eny sum or 9ams of monep txcome pay~able thereunder the ~lortgegee shall have the option t~ receive end rpply the same on acoount of the indebtednes~ h~•rrt~}~ ~ecured. ~~r tn permit the ~lortgaqor to receive and use it. or any patt thereof, without therebp w'niving or impairing any equi• L;i ti, lien. or right under anci bti ~~rt ur nf thi~ mon Ka~e. In e~~ent of Ioss or phyeica! damage to the mortgaged property the ltortgagor shall give immediate „r s~ ~ ~~4 ?~~E208 y:~= ~ . 7 ~ ~ .m : ~,r. ~y~G ~i.v~a~.~":~d-~r,t-~.?'~'Riy``'-' L ~ ,~,T~ T,~ y . ~ ~ ~ " ~ ~ ~ ~ ~*'~'~.i~' x , ° p~`,~ ~s.d ~ a~-:, u q . ~-'",~."~~=~:-~-,a> ,.:r = ~ -~u_`~""_~,~ ~