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Home My WebLink About0895 PROVIDEQ, AL1h'AYS, that if the Mortgegor shall pay unto the ;1lortgagee the indebtedness evidenced by a certain pmmissory ~ote of which the following in words and figures is a true copy to•wit: ' ~i s.O~t~` ~ 8 s_ 2,150.00___ Fort f~ierce, F~~~,~, _ April_25 , 74 _ F~~it g c:F1 ~'fi!-- ~jE ointl and severall rom~~ , 1___ _ _ Y . --y~------- -P P y ~ lo th~t~rd~r ~~~~'1"~_ K. _ Kf1RCti I th~ pnnc~pal aum o( ~WQ THOUSAND. ON~_ HUT~DK~U_ r_ IFTY_ and _ noLIO~ (N)I.LARS. tog~thet with interr•t th~reon ftom da1~ at the ~~te of t~e pr?«n1, per ~nnum u~til matunty. both prin~iprl ~nd inlerest beinR p~rable in lawtul money uf ~h~ l'mted >tate+ ~t 2:41 Bi~cayn~ Rl~d., ~t~ami. Fl~~rida, ur ~t sueh other pl~ce aR th~ holdets hereof may de~i~nat~ in wntina. Pnncipd and ~nt~r~~t p~yable in in~!allm~n4i u G~IInwR' FIFTY ($50.00) DOLLA~tS per month beginning c~n the lSth day of June, 1974, and continuing on the lSth day of each and every month thereafter until paid in full. TA~s n~~e may he prepa~d ~n whole or ~n part a(tcr one ~eat (~om ~he date h~reof upon payment of a penalty equ~valent t~. (~ve percent af :he pr~nc~pal sum ptepa~d. ' ~ F..ch ~mtallm~~t paymrnt ~hall br ~ r~dit?.1 f~r! ~~n thr ~Mrr~til du~, and lhr r.maind~r on pnncipal; and ~ntrr~~t -ha11 lhrrr ~ upon ~~a~ upun th~ prmt~pal so cttt~~l~d. . Thr mak~r. and ~ndot€rss of this not. fnrth~t ~~:~~r tn wuv• d~t~i=R~~, i:::llrr O( 11Vtt }~ayment and p~otest, and +n !hr ~venl ~u~t .hall h~ hrnuRhl (o~ the colkclion h~r~uf. or th~ ~am~ has t~~ M coll~ct?J upon d~mand o( an atlorney, to pay teawnabl~ attorn~y (rr. (ur makinR .uch cull~cUon Il~f~r~~d payments h~r~und•r ~h~ll l.~at int~r~~l ~t th• rat~ trn ~~n -nt p~r rn~~~m trom m~luriry until paid. 1 h~. not~ i~ xcurrd by a mort.r,.aF~ •?t r• ~n d~~e h•r~wit4 ~nd i~ t~~ 1~e ronet~ud and en(oreed accordin6 to the I~ws o( tht ~tit~ o( F1M~da; up~+n dr~ault in thr ~~~•m~nt i~t pri~c~p~l snd'~~~ int-~n~t when due, the whole eum o( prin~ipal and interesl rrmaminR unpaid ahdl, ~t the option o( th~ hold~n, tr.~~m* immedutcly due ~nd payable. , ~ ~ ,,.~y-si-~..~ : t ~s~A~~ , _ ` - . i' - ' ' ~ (SEAL) " n r---- __.i t,.. e...~ oamrv tha cfimdatinnc Aorprmvnr.a. conditions and covenants iiAQ `3I1HIl ~(NIU1. LV~u~ty n~e~~ aa¦u u...ua. v~ w.... -"r--'_-_^• -o--- - ~ . 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: ial To pay all and singulsr the principal end interest and other sums of monec payeble by ~•irtue ot said promisson~ note and thiu deed, or either. prompdy on the days respectiveh the seme severelly becomes due. ~ bl To permit. commit or suffer no waste and to mainum the impro~~ements at aU times in a sta[e of good repair snd condition, and to do or permit to be done to uid premises nothing thet vvill alter or change the use and ctiaracter of said property or in any w~a}• impeir or weaken the aecurity of this ~ mortgage_ Aad in case of the re(usal, neglect or inab~tity of the ~1ortRagor to repair and maintain said property, the ~tortgagee may. at his opcion, make such repairs or caux the same to be made, and ad~~ance moneys in that behalf. ` Ic1 To pay ell snd singulu the ta:es, as3essmenta, levies. liabilitiea. and obligatioRS of e~~en• nature on said described property eech and every wrhen due P and payable sccording w Isw. before the~ become delinquent. and to deli~~er to the ~tortgagee on or before A1srch ISth ot each year tu reoeipts evidencing the ~vment of ell lswrfuqy impoxd ts:es for the preceding calendar yenr: to idemnify the Nortgagee upon hi~ demand for all uzq, as~es.+~ ments snd charges that auy be asaesxd upon this mortgage on the indebted~rss xcured hereby. and paid by the morgagee. +~itMut regard to any law herewfore enacted or hereaher to be enacted imposing payment of the w hole or an~~ part thereof upon the \lortgagee- idl To psy sll and singuler the costs, cFiarges and e~cpen~es. including (aw~yers' fe~s and abstrect costs reasonably in~vrred or paid at sny time by the \lortgagee because of the failure on the part of the \~ortpgor to perform, oomply with and abide by each and evay the atipulations, sgreements. rn~itions and co~~enents ot said promisson• ~ce and thu deed. or either, end ecerv auch payment shall bear interest hom date at the rate of te~ I 10°.'~ 1 per centum per annum. lel It is further co~~enented and agreed by said parties that in the e~~ent of a suit beinq instituted to forecbse this mortgege, the Mortgegee shall be entitled to apply et am• time pending such fomclosure ~uit to the court having junsdiction thereof fw the appointment ot e receiver of all and sengular the mortgaged propert~. and of all rents, incomes. profit~, issues and re.~enues thereof. trom whatsoe~~er source derived: and thareupon it is hereby e:preasly co~•enanted and agreed that the Coun shall torthw~ith ~ppoint such receiver with the usuei po~eers and duties of recw~ven in like cas~: and said appoiat- ment ~hall be made by tf~e court as a matter of ~trid right to the Mortgagee. and without refereroe to the adeqwcy or inedequ~cy of the vdue of the pro- perty hereby mortgeged. or to the eolvency or inaolvency ot the ~iortgagon or sny other party defendant to sueh suit. 'll~e Mortgagor 6sreby specif- icallv w~ivea the right to object to t6e ~ppoincment of a receiva ae eforeaaid and heceby ezpressly ooa+ents that wc6 apQointment ~hall be made an adirutted equity and as a metter o! abeolute rig6t to the Mortg~gee and that the sarae msy be done without notice to the ~tortgagor. ~f~ If torectosure proce~dings ~hould be insututed again~t the property covered by this mortgage upon eny ocha lieo or tLim whether alleged W be ~ superior or junior to the lien of thie mortgage. the ~fortgagee may st his option irtunediately ~pon inetitut'an of such auit or during t6e pendmey thrleof declare this mortgage and the indebtedn~ss ~ecured hereby due and paysble [orthwith snd mey at its option proceed to foreclo~e thia mortg~ge- 1 g r That the ~fortgagor w ill keep all real and personal property now or hereaher esxvmbered by the lien of this mortgage inwred es msy be required from time to time by the ~fortgagee egainst los~ by fire, sindstorm snd other hazuds. casualties and mntingencie~ for such periods and for not Iqs ttyn such amosints as may be required by the :1lortgagee and to pay promptly when due all premiums for such insursexe. The emounts ot insurance cequired by the ~torgagee sMll be the minimum emounts for which said insurence shall be written and it shell be incumbent upon the Mortgagor to msintain such additional insurance a~ may be neces.wy to rr~eet ~nd comp~Y SullY w'ith al~ co''ns"rance requiranents rnntained in said policie~ to tF?e ei?d th~t the seid ~tortgagor is not a co-insuror thereunder. Insursnce aheU be written by a compeny or companiee eppro~~ed or desigruted by the Mortgagee and dl poii- cies and renen als thereot shall be held b}• the ~tortgagee. All detailed designations by the Mortgagor which ue eccepted by the Mortgagee and all aBee ments betMren ~1ortAagor and ~tortgagee relating to ingurance. now~ e:isting or hereafter made. ~hall be in w~riting snd shall be a part of thia mortgage agreement as fully as thoug6 set torth cerbatim herein and shall govern both parties hereto end thar successors and as~igns No lien upon eny of ~sid policie~ of insurance or upon any refund or rHUrn premium which msy be peyable on the canceUation or termination ther+eot, ehsU be given to other then the ~lortgaKee, e:cept by proper endorsement a(fexed to such po6ty and appro~'ed by lfortgagee. Each policy of ir~urance shall tuve ef~ed th~eto a Standard \ex Ytxk !~tortgagee Clause without Contribution. mafung afl loss or loeses under auch poGcy psyable to the Mortg~gee u its iM~t may ~p~ pear. In the e~•ent eny svm or aums of money become payabie thereunder the ~tortgagee shall have the option to receive ~nd ~pQ1y the s~me on atoount of the ~ndebtedne~s herebv vecured. ~r co pertnit the NortgaAor to receive and use it, or any part thereot, without thereby wuving or impairing aay equi- ti, lien, or riqht under aod b~~ ~irtue ~f this mongage. In e~•ent of losa or physical demage to the mortgeged property the Mortgagor ~hall give iminsdi~te • BOOK PACE ~ V~ r~' ~ _ •'a'g~" '~'s'.`„=s.. t:-~:u:'~,n ' ~ fs_.' e--,`_