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Home My WebLink About0447 • ~ • - • . ~ ~ , , . • • - ~ . PROVIDED. ALWAYS, that if the Mortgagor shall pey unto the Mortgagee the indebtedness evidenced by a certain promiasory note of which the following in words and figures ia a true copy to-wit: ~f~'~ April 4, 74 ^ ` 675 00 Fort ierce, p~~~~. , , _ ~ , ______r - . : ~ . Z promix tu pay ~ ( ~ r . • }7 i'.~r~~~'~5---- ~ cirrrr ~~'t~`4 _~1 .in _ ~•,y} j Q('[~_THOUSl1\D_SIX HiJNDRED SEVENTY=FIVE AT1C~ . , tog~lhe~ with interrat ~ F ~ - . - - ;r,,~; ia:.• ~at• o; t~n ;~r«s~i p: r anruM U!1III R1i~UflIY. both principal and intereat beinR payabie in lawiul money u( ~ .;,i,;~,! ~ta+~, ~~~s-> ;:i•ca~•r,e F!yd ,<S~nmi. Fl~~riit~, ur R[ btlf~l other place aa the halders hercof may designat~ in wtiti~6• ~ "i.,+~~ S^.: :~:rrf~i ;'t~'r.~~:r !~.tE~ItLt^:a fU1~0~+'!t' '`:INET~-FIti~ ($45.00) DOLLARS per month beginning on the 15th day of i J:i;ie, :.974, and contirn~ing on the lSth day of each and every month thereafter ttntil paid in full. . ~ ~~:s .~;,ec c.a~ ;-cpa:d ~n ~ti~o:e c:: +n part atter one ~eat from ~he date hcreut upon payment o! a penal~y equivalent :,.c ; -;~r~.; o~ : s:nc~; ai c~^i ;•rr; a~~. . e:~l, t.:;;;::r~: ~~~nt ,:.-u~'-d f~rst un thc iat~srst due. and ih~ r~mainder on principal: and intrn~t ~hal) lhrrr- i ;'.~J7 -..i.~:l ~{',i :.~tn~l::-i~ ~O/'fc'c:::t~:. !:,,,,r; -r• ~r~~ '•.r•c:~ ci th~. n~t~ h~rt}~~r nK*ee t~ warvt demand, notic~ of ~on-payment and prote~t, and in thr ~vent auit ,,,.;,f..,; ;i~~ ;,.r •,.~i~c;;..c h: r~~~f. ~.r ti~~ :,ame has to be ~e.tlrct~d u~on drnur,d u( an attomey, to pay rea.wnabl~ atlomey~~: j . ~ ~ ~ r•r-~••; r.:• c~'~- r+' °,~:'.•r -;,s;! `~•zr tT.i~~r5t at the rzt~ of ten perc~nt prr annum (ram m~turity until paid. ~ . ; r>,...,, ~z~n ~i~,r i~rrrr.ith an3 is t~• be ronetrued and enforced ~ccording to lhe laws of tht ~ , .1; .-:t.:.,fi ,~~,,;,c,pa1 cori'w ~r:icccat r~F.~n duc, the whole wm of prinr~pa{ and inteteet . . . . , a t;-,. .,.~~.~~r,;. -nmr itr ctdiatel~ dt~e ~nd piyai.lt. ~ , f 1 1 ~Ctl' G ~S~r~~.~ "7 - (SEAL) : - - - - - - - ~..,..,.A..~,~.<.:- ""a_.~.~....~ __z_~. and shaU 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 shall cease and be null and void. - 1. The Mortgagor hereby covenants and agrees: 1~1 To p~y all and singular the prindpal and iaterest and other sums of money paYaWe by virtue of ~aid promissory note and thi~ deed, or eithQ. pro~dy on the daya respectivdy the same ee~^erally beeome~ due. i 1 bl To permit, comnut or suffer no wute and w maintain the improvements et all time~ in a sta!e of good repeir and condition, and to do or peratit to be doae W eaid premises nothing that witl aha or change the we and clivscter of eaid propesty or in eny ~v~y impair or w-eaken the security of this mortgage. A~ in caae ot the refus~l, aegkct or insbifity ot the Mortgagor to repnir and maiotain said property. the :Nortgagee may, at his option, make such repsin or cawe the same to be made, and advance moneys in that behalf_ - t Itl To pay aU and singular the ta:es, a~~enta, levies, lisbilitie.+, and obliga:ions of every nature on said described property eech and every when due ? and psyable ~ccording to law, before they beoome d~inquent. and to deliva to the Mortgagee on or befare ~iarch 15th of each year tu receipc~ ~ etidencing t6e payment of dl Lwfully impooed ta=es for t6e preceding calendar yesr: to idcmnify the Mortgagee upon his de~nnnd for all tazea, as~eea- = ments and charge~ that may be aa~.+ed upon thia mottgage oo the indebted~ss ~ecured hereby. and paid by the mwgagee. VYILIfOUI TCgila LO My L~? ~ heretofore enacted or 6aerhu to be enacted imposing paYment of the w6ole or any part thereof ~oa t6e Mortgsgee. r ~ ~ Idl To p~y all and singul~r tAe costs~ chsrges end e:penxs. including lawyera' feea and abatract ooste reaaoaably incurred w paid at any time by tM ~ Nortgagee becau~e ot t!?e tailure on the put of the Mortgigor to perform. oomply with and abide by esch a~ eveiy the ~tipulatioa+, agreemenGS. rnnditiona and ooveTUats of ~id promisaory noce and this deed. or either, and every such peymeat s6a11 bear intereat from d~te at t!K rate of tm I 10'3L61 ~ per centum per annum. ~ Ie1 It is further ooveo~nted snd sgreed by said partiea that in the evmt of a suit being instituted to forecbse this mortgege, the Mortgagee aha11 be ~ entitled w apply at any time pending such foreclosure suit to the murt taving jurisdiction tMreo( for the ~pp4intment of a receiver of all and 9ingular the ~ martgeged propertY. and of aU rents. ino~mes. profits. i~ues a~d reve~ues tbereof. from w~hatsoever eouroe derived: a~ tlweupon it is hereby e:presslY ~ covenanted ~nd agreed that the Court ahall forth~vith appoint such reoeiver with the usual po.raa and duties ot reoeivers ia like use.s: and eaid ~ppoiut- - ment ehall be mede by the court ~s ~ mauer o! striet rigfit w the Mortgagee. and w~ithout referenoe w the adequ~cy ar insdequ~cy ot the value ot the pro- ~ perty hereby mortgaged, or W the eolvency or insolv~cy of tt~e Mortga~gors or u~y other party defadant to suc6 ~ui~ 'Ibe Atortgagor hereby specif- ~ ically w~ivea t6e rigt?t w object w the appointment of ~ reaiva as afore~aid aod hereby ezp~easly ooosmta that such appolntmmt sh~ll bs made aa an ~ admitted equity and aa a matter of ah+olute right to the Mortg~gee snd that the same may be done ~eithout notice W the Mortgegor. ~s ~ ! tl I( foreclowro proceedings shouW be instituted against tbe property covered by this mortgsge upon any otha lien or cWm whether alleged W be ' superior or junior w the lien of this mortgage. the'.1lortgegee msy st his vption irtunedutely upon institution of auch suit or during the pendencY thveot i - dec{are ~his mortgsge and the ind¢bcednese secured hereby due snd payaNe torthuith snd mey at its optioa proceed to foredose this mortgage. ~ 1 g I That the Mortgagor rcill keep all rea! aad personal property no~v or hereaher encvmbeced by the lien of this mortgage inaued as m~y be required from ; - time w time by the Mortgegee agaia+t losa by fire. windstorm and other hezards. caaualtiea and cootingendes tor auch period+ aad tor not kt~s clun i such amounte a~ m~y be required by tl~e Mortgagee aad to pey promptly ~hen due all premiura~ for ~uc6 insunnce. 'tl~e Rmo~nts of inewanoa required by the Morgagee shall be the minimum amounts for w hich said irourance shall be ~rritten md it shall ~e incurnbent upon !he Matgagor to maintain sutb additional ins~uance as may be t~eceswy to +neet and comply fiilly with all minsurarce requi~anente oontair?ed in said policies to the end tl~t lhe s~id - ~tortgsgor is not ~ ao-inauror thereunder. lasur~nce aha11 be nritten by e company or aompanie~ appro~^ed or de~igoated by the Mortgagee and all pdi- - cies and renewaLs thereof ~liall be held by the Mortgagee. All detailed designations by the Mortgagor which are acoepted by the 1liortgagee and all aBx - ments between :~tortgagor and ~fortgagee relsiing W insurance. now~ e~isting or heceafter made. ~hall be in writing and ~ll be a part of t~s mortgage ° agreement es fully a~ thougb set forth verbatim herein and shall govern both parties hereW and their suocessors and aasigns- No iim upon any of atid y° policies of insuranoe or upon any refund or returo premium which may be peyabk on the cancellation or termination t~eof, ~ll be given W otMr tlun the Mortgagee, ezcept by proper endorsement affi:ed to such po6ey and approved by Mortgegee. Each policy ot insurance shall have ~ffized tLerew ~ rc':~ Star~dard he~r York Mortgagee Asuse without Contribution. Ii10I[NIg ~II I059 Of I06~29 t1IlAV 3UC~l pOlttY WY~WR CO L~18 MOICgi~C I~A InRQE~ RMy ~P' ~ pev. In the event any sum or aume of money become payabk therainder the Mortgagee ahall luve t~e option to reoeive and apply the same on atootu~t = of the indebcedness hereby +ecured. or to permit the ltortgagor to receive ~nd uae it. or any p~tt thaeo(. without tFwxeby ~vaiving or impairinB anY equi' ti, lien, or right under and bq virtue of thi~ mortgage. In event ot loes or physical damage to the matgaged propsrty ths Mort~agor shJl givs imm~diate :,OCN IACE ~'~226 447 . ~,'A ~ " ~ • ~"i `3i ~ - ; _ r . ' . _ " . . - ~ . . ~ . . . , . . ~