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Home My WebLink About2588 . ~ - , . PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the indebtedness evidenced by a ~ certsin promiasory note of which the foAowinQ in wocds and fi~ures is a true coov to-wit: ~ : _ ! ~ ~ IIS.~ •.e ~~ste 4 67 .00 Fort. Pi~rce, Florida ,iarch 30, 74 : - FORV LU Eit VED WE. ioi~.X, and severallv, ptomi~etupay ~ co ch~ ord« ot LE~N LA~~ Q--- the principal wm o~ FOUR THOUSAND SIX HUNARED SEVENTY-FIV~~~1 to~ethrr Mith intirr~t lhsreon (rom dale at the rate of ten petcent, pe~ a~num until maturity. bolh princ~pal and ~ntctest being paya~le in law[ul monry u( she United States ~t 2244 Bi~cayne Blvd., ~+li~mi, Florida, o~ at such other place as the holders hereof may de~ignat~ in wnteng. P~ncipal and intereat payable ie iniWlme~b as followa: i ~ NINETY-FIVE ($95.00) DOLLARS per month beginning on the 15th day of June, 1974, and continuing on the lSth day of each and every month Chereafter until paid in full. . i ~ ~ This note may be prepaid ~n whole ot in part alter one year trom the date he~eof upon payraent o~ a penalty equ~r alen~ to five percent ot ihe principal sum prepaid. Each inatallme~t payrtient shall be credited Grst on the intercst due, and the remainder on principal; and intrre~t ~haU tt+rrr- upon cease upun the priocipat so ctedited. The makers and ~ndotsets ot thia note furthe~ agree to waive demand, notice of non-payment and protest, and in tiir event ~uit ,Iu11 be bcought tor the collection he~eof, or the aame has to be coilected upon demand of an attorn~y, to pay rtasunabte attorney'~ ~ tcr~ for m~kin` such cdlection. ' Deferted payments hertundu ehall bear i~terest at the rate of ten percent per annum from m~turity untii paid. This note a eecured by a mo~~e of even date hcrewith and is to be conatrued and enforced eccording to the laws ~f inc ~ ~ ~tate oi Flonda; upon dei~ult in the payme~t of principd a~dlo~ intereat whcn due, the whole sum of principal and inte~est ~ n~m~inin` unpaid ~hatl, at the option ot the holders, become immed'utely ue arid pay~ble. ` ~t~ ~ J (SEAL) ~ , t f ~ ~ ; ~ ~ _ ; . _ ~ . (ccA(,) i ' t l a s per orm, comp y v~n ad~ e y eac a every the stipulations. agreements, conditions and covenants ~ of said pmmissory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. 1. 'The Mortgagor hereby covenants and agrees: 1~1 To p~y all end singuLr the principal and interest ~nd other auia+ of moneS WYabk by virtue of seid promis~ory note and this deed. or either. ~ PromptlY on the days reapectivdy the same severally bea,mea due. # 1 bl To permit. commit or suffer no wute and to maintain tLe imProvementa at all time~ in ~ state of good repair and conditfoa. aod w do or pvmit to be done to aaid ptemises nothing that will alter or change the LL+e and tlrr~cter oi aaid ProP~Y or iu any w~y impsir or weaken tl~e xcurity ot this 'f mortgsgo_ Aod in cax of tl?e refu~al. aegkct or iaabi6ty of the Mortg~gor to rep~ir and maintain said propert.y. che Mortgagee msy. at his opeioo, malce auth repairs or qux the same to be made. and advance taoneya in that behaU. ~ Ic) To p~y ell ud aingular the tazes. asxsaments. levies. liabitities. and obligatione o( every nature on naid dexribed property eecA and e~~y whm due ~ ~ WY~bk accwdinB to law. betore they bea~me ddinques?t. and to ddive~ to the Mortgagee on or betore MarcA ISth of eech yeu tu reoeipte ~~6 ~ P~Y~t ot all Iswfully imposed t~es for the preoeding calendar yesr: W idemnity the Moctgagee upoa Ais dem~nd for all tazes. aseees ments and ch~rges that may be aaaea~d upon chis mortgage ao t6e mdebtedness aecured l~ereby. and p~id by t6e morgage,e. witbout regard w~ny Lw he~ewfore en~eted or 6Qe~h~ to be macted imP~~B P~Y~~ of the wfak or ~ny part theroof ~on che MortBsBee Idl To pay a11 and singuLr the costs, clurge~ and expeme~. including 4wryai [eee and ~bstrset oosta rs~aooaWy incvrred or p~id at any time by ths Mortgagee beuax of the [ailure a? tbe put oi the Mort~gor w perform. aompiY with aad ~bide by e~ch and every the stipulations. agreencnta. conditioos and toven~nt~ of s~id promissory notce and this desd. or dthx. ~nd every sue6 p~yment shall bev intereat from date at che r~te oi ten I10'~1 - per osapun per ~nnum. lel It is turther oovednted and a8reed bY aaid WTt~e that in the tvent of ~ auit beiog iostiwted w torocbse this mortgage. the Mortgagee shall be entitled W~pply ~t any time peading sue6 foreclonuro suit w the oourt 6~viug juriedictim t2xreof [or the appoiwwwt of a rxaver of all and singnLr ths ~6~6~ P~~P~+tY. and of all rcnts. incomes. Profits. issuea uid revenua thered. from w6atsoever so~uoe derived: and theceupon it ia hseby ~presely ~ eovaunted and ~greed tlut the Caut ahaU fortbwith ~ppoint sueh reaeiver with the us~ul pow~rs u~d dutiee ot reoeiven in L7ce usea: and said appointr mmt ehaU ba oo~de by the conrt as ~ ro~uer d Rriec rig6t w the Mat~gee. and witbo~t refe~enos W the adequ~cy or i~dequaey of the wlue of t6s prd P~Y ~Y ~8~8~• or w t6e solveoey or inaolvmcy ot the Mortg~gon or any other p~rt~ defeod~nt to suc6 suit. 7bs Mortgsgor heteby spscit- inUy waives ths rig6t w object w cbe ~ppointaimt ot a reodver u ato~eaaid and hsebY ~P~Y oooseots that we6 appdntmmt ahdl ~ made as ~a admietrd equity and ae a matter ot ~beolute right to the Mortg~gee ~nd thst t6e eame may bs done wic6out ootice W the Mortgagor. Ifl It toreclo~ure prabedings a6ould be in~ticuted against the propQtY eovered bY thie mo~t8age upon any oths lien ar cLim wlrother alleaed W be superior or juaior to the lien d this mortgage. the ~lortgagee mar at hia option immediately upon in~itution ot sueh ~uit or during tbe peadency thered declare this mortgage and the indebtednee.+ ~ecvred hereby due and peyabk torthwith and mry ~t ita opeian pcoceed w Eaecbae this mortgage. - 1 g177ut the Mortgs,gor will Iceep all real and persooel W'oPertY now or hereafter enwmbersd by tLe lien of this mortgage ia~ured as m~y bs required irom ~j time w tune by t6e Moctgsges agaia~t loes by tue. windstorm and other Aasards. wualties and oontingendea fa ~ueh periods and tor not less t6~n ~ wch amounta aa may be requi+ed by tl~e Mortgagee and W p~Y promptly wheo due dl proa?iums for such insunnoe. The amounts ot ineur~oae reqai~ed by the Morpgee shall be the minimum amounta for wltich said ins~~nce shell be written and it ahell be incambent apon tbe Matgagor to enainuin weh ~ ~dditiau! imieancs as mq be oeceswy w meet and comply fally with all o~i~uranoe cequirene~ts oontaind in s~id pdicies to tbe ad t6at tbe s~id ~ Mortgagor i~ aot a oo-inauror thereunder. Insurance ~all be wriuai 6y a oomp~ny or oomp~nies ~ppmved or des~ced by the Mortgagee aod dl poli- cies and reaw?ale thereof a6e11 be 6dd by the Mortgagee. All detailed 8es'sgoations bY the Mortgagor whieh ~re acaepted by the Mortgagee and dl agee ` menta between Mortgagor and Mortgagee relating w i~u~nce. now ~isting or he~e~fter m~ shali be ia writing ~nd ahdl be a put of chia matgage ~ agreeme~ as tdly ~a thoug6 ~et torth verbatim 1~rdn and ahdl gov~rn both p~rties huew and thar suooeewn and ~a~gos. No lim upon ~ny of s~id policies of insurera or upon any re(und or return premiam w4ich m~y be p~yabk oo ths canoellatioo ar tamination thneo~ s6a11 be ~vm W other tlrn - the 1?fortgagee. e=oept bY proper a~dorsement aff~ed to auch poticy and appwved by Mortg~gee. Each polier of inwranoe slull hwe af5ud t6erto ~ ' Stand~rd New York :Nortgagee Qause without Contribution. mdcing all loes or losaes unde~ wuh PotieY WYable w the Morc~~ee u its inte~eat m~y ~p~ ; pev. in tbe event any sum or s~mu ot money becane payabb thew~nder tbe Matgages shaU h~ve the option co reoeiw ~nd apply t6e Mms oa ~caount ~ of tbe iadebtedres~ hereby secured. or w permit the Mortgagor to recdve and use it. or aay p~rt thereoi. withwt tT~eby waivin~ ~ impiiring anY pui' ti, tiea, or rigdt under and by virtue ot t4is mortg~ge- In event ot bea or physid dam~g~ to Ws mart~agd p+opsrtY ths M~tg~Or +h~11 ~,iw imm~at~ ~ ~ ao~«225 ~E258~ _ _ - z~: o~ s~ - t ~ ~ ~a ~ - _ ~ ~.~z-~~ - _ _ _ 3 ,e a.~.-- : s .