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Home My WebLink About2097 PROVIDF:[). AI.tiYA1'S, that if the \to~tgagor shall pay unto the ~lortge6ee the indnbtc~ln~ss avidrnced by a certain promissory note__ _ of which the following in words and figures is a true copy to-wi~: ~ ^ . ~s~~~ '~sre s_6 2975 .OU Forr Pierce, F~~;d, February 23, 74 - Fl~ ~'C+~~C~~1D~~ ~'F.t~t~tl-Mor • 1 ~~~V promi~e tu pay tu !he i~rd~? o( ~l~'RtS. ~.~lr. c~~ - ~h~ P~~~~ t~m _S IY THOUSA~ N~N~UP1~E~-~~:VEN'I'Y=~IV~ an , ~,9 ~~~~he~ with interc.t th~reon trom dat~ ~t the nte o( ted prrcent, pu ~~num until maturity, both p?ioeip~l and intereet being p~yable in (awful money uf th~ l~n~ted ~tate. •t 22s~ Biscayne Hl~d., h1~~mi. Flonda, o~ at ~u~h other place a~ the holders hereof may des~gnat~ in writin~. Pnncipal ~nd ~nt~rest pay~ble i~ i~~tallment~ a~ ~ollow~: ONE HUNDRED THIRTY ($130.00) DOLLARS per month, for sixty (60) conse- cutive months, on the 15L-h day of each and every monCh, beginning on the 15th day of April, 1974, and continuing until the lSth day of I April, 1979, at which time the balance shall become,due and payable. l~h~s n~te may be prep~~d in whole ot ~o part a:tet one yeat (tom 1he date hereof upon payment ot a peoalty equivalent to (~~e percenl of the pnnc~pal sum ptepa~d. E~ct~ ~n-tallm~nt ~~symeM ~.i,all IK ~•r~d~ted fin~t o~ the intetest due, and the r~mainde~ on pnncipal; and intrrr~t •hall Ihr~r• ~ upon ~~a.r upun Ih~ pnnc~pal ~i ~r~d~ted. TI~~ mal~~n and ~ndoree~ of lhis not~ (utthe~ agret to warve demand, nut~c~ o( non-payment and protest, and ~n lhr ~vent ~uit I .lull b~ druuRht (or the collectiun hereuf, or the same h~s to be collected upon drmand o[ an attorney, to pay reuunabl~ attorney~s. I frr. fot makinR wch collection. I)~(~rr~d paym~ntR her~und~r ~hall b~ar mt~r~+t at th~ ntt o( ten pe~c~nt per annum (rom maturity until paid. I 1 h~~ nnt~ ie rerur~d by a mottgagr o( rven date herewith and is to be conetrued and enEorced according to the laws of the ~tat~ nf f7~u~da, upon de(~ult in the Payment o( princ~pd ~ndlo~ inttrMt when due, the~wholt sum o~ principal and intereat _ rrma~n~ng unpaid shatl, at the option of the holders, become immediately du nd ~aya . , h~ "~.C~'.,~ ~ ~ ~ ) ~z c ~i3 ~sEaL) ~ ~ ~ ~ : ~ , ir L-~~,. (SEAL) i ,1~- . 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 shaU cease and be null and void. 1. The'.~tortgagor hereby co~~enants and agrees~ . ~al To pap all end sin~,ntlar thP pnnc~pat ::nd ir.trmst and other sums of muney payaAle b} cirtue of ~asd pro.:u-.~~n rs~t~• and thi9 deed, or Pither. promptly un t he da}• s rr~~ e«•rh~ t i~r timr ,eceralh• bcti-umes due ~ b~ To permit, comr:~it or suffer no waste ar.d to maintain the improsements at all umes in s stete of good repair and : undit:on, and to do or pernut to be done to sa~d prnnuses notiung that w~ll alter or change the use and character of sa~d propertc or in any vca~- im~ir o~ wraken the security of this i mortgage. AnQ in case of the refusal. neglect ur inability of the ~tortgagor to repair and ma~ntain said propert}-. the \tnrtgagee ma~. at his option, make ; such repairs or cause the same to br made, and ad~•anc~e mone~ s in that behalt. j Ic1 To pay all and singular the taxe~. asse~smrnts. le~ies. IisbiGties. and ob6gatioRS o( e~~ery nature on said dc-~cnbed pro~w:t}• ~-ach end e~en• when due : and payahle ecco:ding to law~. }.•f~~re .lwy FKrome delinquent. ard to del~~•er to the ~lortgagee on or brfure \tercl~ !5!h ~~f ~•ach vear tax receipts e~•~dencing the pa~~ment of all taw(tilh• imposed te:es tor the preceding calendar y-ear: to idemnify thr ~tortga~ee upor, his dr~r,and tor all ta:es, asses~• ~ ments and charges that ma~• be asses.aed upon this'mortgage on the irdebtedness secured he:eby, and paid b~~ the mnr~a~,me. x-itF~out reKard to any law a hereto(ore enacted or haeaher to be enacte.i imposing payment ui the w•hole or any part thereot ~on the ~lortgagee. ~ Id~ To pay all and singaler cAe cus~s. cher~ and espenses. includinR lew-yers~ tees end abstract costs reasonabh inctirred or paid at any time b~• the ~ ~tort because of the tailure on the rt of the ~fort or to (orm. com 1 w~th and ebide by each and e~~er~• the sti ations. a eements. ~ gagee pH 68K P~ P Y P~ 8~ ~ conditions and co~•enants of said pmmisson note and this deed. or either, and e~ery such paytnent shall brar interest from da[e at the rate of ten I 10~~1 - per centum per ennum. € ~ . ~ei It is further co~•enented and aKreed b~• said parties that in the ecent of a suit being instituted to foreclcse ths mcxtgage, the lfortgagee shall be entitled to apply at am~ time pendinK .ui h G~rrclusure suit to the n~urt haeing ~urisdiction thereof for the appointment o( a rereicer ot all and singular the -~d ~ mortgaged property. and of all rrnts, inmmes, profits, issues a~ m~enues thereof, from whatsoe~-er source derived: and ihereupon it is hereby e:pressly . co~enented and agreed that the Court shall fortha-ith app~int such rec~en er w-ith the usual powers and duties of rece~cers in like ca~: and said appoint- ~ ~ ment ~hall be mede by the court as a matter o[ strict right tn the \lortgagee, and wi~hout reference to the adequscy ar inadequac}~ ot the value of the pro- ~ perty hereby mortgaged. or to the soh•ency or inol~-enq• of the ~iortgagors or any other party detendant to such suit. The ~tortgagor 6ereby specit- n. ~call~• waives the right to object to the appointment of a receir•er as aforeseid and hereby ezpressly oons~ts that such appointment sheU be mede aa an ~ adrrutted eyuit~• and as a mat[er of absolute nght to the `lortgagce and that the samr mep be done without notice to the ~tortgagor. ~ ~ ~5 ~ f1 If toreclosure procrrdin~ ~hcwid ix• insututed aKainst the propertp covered b~• thi~ mortgage upon am• oth~r lirn or cleim whether alkged to be ~ supenor or ~unior tn thr lien of this :rx~rt~ge. thr ~tortga~e mar~ at his opeion imnud~ately upon institution of such suit or during the pendency thereat ~ declare this mMt~tage and thr indebtrdn~ss xcured hereby due and payeble forthwith and may st its option proceed to foreclose this enortgage. ~ Ki That t he ~lortgagor x ill keFp all reai and peru~nal proprrt}• now or hereafter encvmbered'oy the 6en of this mortgage insured as may be required from - t~me to time hy the ~tcxtgagee aga~nst Inss b~~ (~rc, windstorm and other hazards. casualties and Sontingenc~ea (or such paiods and for not less tMn such amounts as may be requ~red by the ~tortqagee and to pec prompdv when due all premiums (or such insurance The amounts of insurance required " by the titor~aRee shnU be the minimum amounts tnr w~hich said in;urance shall be MTitten and it shall be incumbent upon the ~tortgagor Lo maintain such additional in9uraere as mey be nece~sar~• to rneet and comply fully with all rniaqurence requ'vanents rnncained in sa~d policies to the end that the srid ~lorigaqor is not a rn~insurur thereunder Insu: ance shall be wntten by a company or oompaniea appro~•ed or designeted by the :?tortgagee and all poii- R~.~', c~es and rrnervals thrre~f shall be hrld b~ t hr V ortqagee. AU detailed designat:ons by the ~tortlcagor which are ecceptcd by the ~tortgagee and all e~eP - ments between \1~~rtEtaR~x and \tortKegre relatin+t to insurance. nowr existing or hereefter made. shell be in wTiting and shall be a part ot this mortgage aKreement as fully as thoug6 set (orth cerbatim herein end shall govern both parties heretu and thar successors and essigns. tio fien upon any of seid _ policies of in~urance or up~n am rrfund or retum premium which mey be payable on the cancellation or tertnination thereot, shall be qiven to other than ~he ~lortgaKcr. excrpt b}• pruper er.dr~r.rment affi:cd tu such poliq• and approced by \lortgagee. Each policy of ~nsurance shatl have affized thaetoa ;'c:5 Swrulard `ew York 11ort Kagee Clau~e wit hout Contritxition, maki~q all lo9s or losees under auch po6cy payable to :he ~tortgagee as its interest may aP ~ peer. In the e~ ent anc sum or eums of money become pa~ abie thereunder the ~tortgagee shall Fuve the option to receive end apply the aame on account o( the indebtcdnc ~ hE~rrh~ serurr~l. ~~r te {~rm~t t he ~1ortKeK~~i to receive and use it, or any part thereof, witAout thereby wa;~ing or impairing any equi- ~i ti. Ger., or right undPr a nd b~~ c~nue~ „f th~~ m~~rtgege In e~~en[ of loss or physical damage to the mortgaged property the ~lortgagOr sh~ll gi~e imrnadi~te :~s ~ - - i 224 P~cE 209~ ~ 3 _ :°~F~J . ~ ~ w`~.~' ~~'°'a,~A ~ h . j+ ` ~ ~ ? ~ ~ ~ - Y ~ J ~-~z~i`¢ ~ t ~ ' ~ ~ Y.. ~~^"G`~C`~~. v '"_r. a . _ . ~ r+_.:4.z!v~F