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Home My WebLink About0898 PROVIDED, ALN~'AYS, ~hat if the Mortgago~ shall pay unto the Mortgagee the indebtedness evidenced by a certain romissary note of which the followi~g in words and figures is a true copy to-wit: ~ ~ s 2.~~0 ~00 _ Fort Pierce . El~;d, AQril_27 , ~n74_- , • = ,~E`~ WE ointl and severally, ptomiae tu pay FllR AF ED - --~-1-------Y----------- to the o~d~r ot S~YH~E KAY - - - - - - thr pnnc~pai sum o~ TF]O__ THQ~~ND . NINE HUNDRED_FIF"TY _aTtt~ ROl I 001~(!l.L~RS, togelhrt with interr~t - t~~rcun (n~m date ~t th~ r~te o( ten pr~cent. pc~ ~nnurt+ un~il matunty. k.oth pnne~pal ~nd intcrest beinR p~y~ble in lawtul money uf t~~ l~n~ted ~ta~es ~t 22~1 S~scaync Bl.d.. Mwmi, flund~, u~ ~t surh uther place ~s thr hulden hereot m~y designat~ io writinR. { rinc~pal ~nd mtereH pay~ble in ~nrullments u(ollows: SEVENTY-FIVE ($75.00)-DOLLARS per month beginning on the 15th day of July, 1974, and continuing on the 15th day of each and every month thereafter until ~aid in full. Th~s n~~le may Qe p~tpa~d ~n Nhole ut ~n patt a(tet one yeat f~um ~hc d~te hereuf upon payment of a penalty equrvalent i,. f~~e percent of the pnnc~pal scm ptcpa~d. F:~~-h m-tallmeot payment •hal) tx . r~d~~~d (~~t .~n thc ~nt~re~t due, anJ the r~oumdtr un pr~ncipal; and intrr~~t ~hall thrrr- upun rtaar upun 1he pnncips~ w cr~d~ted. Th~ makan and ~ndonen u( Ihis nol~ (urther agrec ~o wuve dcmand, nut~c~ uf nun•p~yment and protest, and ~n thr ~vent ~uit .h~ll be brouRht (or the cullecti~n h~reuf. or Ihe same haa to be cull~ct~d upun demand of an attorney, to pay rea_woabi~ attomey's ? ~rr~ (~~r mak~~g ~uch cullecuon ` 1)rf~~r~d p~ymente hereund~r eh~ll be~r ~nt~r~tit at the rate uf ten peaent per aunum (rom m~turity until Paid. lh~~ n~t~ is x~u~rd dy a morta~;~ o( n~n eLte h~rewith a:~d to I+e ronbtrued and e~Eureed acccxding to the laws oI tht ~ ~ ~tat~ ut Flnnda, up~n drfault in the payment o~ pnnc~~il ind~•~~ isitere?.t Mi~en due, the whole eum o( pnn~ipal and interest I rrma~ninR unpa~d shall, at the nplton ~:i th~ huldtru. becan.e u+~~.•: r1~tlelv duc and Nayal,lt , ` S I , ~ ~ L 1 L;- _ (SE~I.) ~ ! 1 ` _ R S =1-l_~ _ ( ~ t.. (~EAL) ~ ~ 1 - I ~ - - . _ _ •L.., e?:....lof:..nc aormmnntc Pntl(~ILlAI1S fllld COV@fl9I1LS and shall perform, compiy wicn and auiue uy an~,~ a~~u ~~•rW~-.~..-. -e.__________, of said promissory note and of this deed, then this deed and the estate thereby created shall cea~e and be null and void. 1. The Mortgagor hereby covenants and agrees: ~al To pay all and sinKular the pnncipal and interest and other sums of mone~• payable bv ~•vtue o( said promissnn' note snd this deed. or either. promptly on the degs respecti~ely the same se~•erally becomes due. Ibl To pemtit, commit or suffer no waste and to maintain the improvements at all times in a state ot good repair and condit~on, and w do or pertnit to be done to said premises nothing that Rill alter or change the use and character ot said property or in am wey impair or wreken the security of this j mortgage. And in caee of tF~e rcfusal. neglect or insbility ot the 1lortgagor to repeir and maintain said pmpercy. the \lortgagee may. at his option, malce ~ such repsin or caux the same to be msde, snd ad~•ance moneys in thet behalf. ~ It1 To pay all and singulsr the ta:es, assesstmnts. levie~, liabilities. and obtigations of ea•ery nature on said described property each and e~•ery when due ~ and psyable sccording to lavt. betore they become d~linquent. and to deli~•er to the ~fortga~ee on cx before ~1erch 15th of each ~•ear ta: receipts e~idencing the psyment of a114r?full~ impoaed ca=es for the preceding calendar year: to idemnify the ~lortgsgee upon his 3emand tor all tazea, assessr _ ments and charges that may be asses.~ed upon this mortgage on the indebtedness eecured hereby, and paid by che morgagee. ~rithout regard to eny taw herewfore eoscted or haeafter to be enacted impos~n8 peYment of the w hole or eny pert t6ereof upon the Atortgagee. Idl To pay all and singular the costs, charges and e:penses. includinB lawryws' fees and abstract costa reasombly irnvrred or peid at any time by the ~fortgegee because of the failure on the part of tbe ~Sortgagor to perform, mmply vrith and abide by eech and every the atipulatioaa. agreements. condition~ and co~•enants ot said promisson noce and this deed. or either, and e~~ery such payment shall bear interest from date at the nte ot ten I IORc 1 per centum per ennum. Ie1 It is further co~~enented and aKreed by said parties that in the e~~ent ot a suit being instituted to forecbse this mortgage, the `tortgagee shall be entitled to spply at am• time pend~ng such tonrlosure suit to the oowt M~'ing jurisdiction thereof tor ehe appoint(nent of a receiver of ell and singular the mortgaged property, and of all rents. inoomes. profits, issues snd re~•enues thereot, from whatscea•er source derived: and theteupon it is heteby e:pre~sly covenanted and agreed that the Coure shall forthw*ith appoint such receicer with the usuel powers and duties of receiveca in like caxs: and said appoint- ment ~1~ap be made by the court ~s s matter o( etrid right w the Mortgagee. and without refereoce to the sdequacy or inadequacy of che vdue of the pro- perty hereby mortgaged, or to t6e solvency or iaaolvency ot the Nortg~goro or any other pnrty defendant to such suit. 'Ihe Afortgagor hereby specif. icallc .raives the right w object to the appointma~c of s reoaver as aforeeaid and hereby ezpressly mn~nta that sueh appointment s1L11 be made au adnutced equity snd as a matter of abeolute right to the Mortg~gce end tAet the same may be done without notice W the Jtorcgagor. if~ I( (oreclosure proceedings should be insuwced against the property cm-ered b~ this mortgage upon any otha lien or cl~im ~vvhether alkged to be superior or junior to the lien o( this mortgage. the ~lortgagee may at his option immed~ately upon institution of such wit or during the pendency thereof declare this mortgage and the indebtedness secured hereby due and payable forthwith and mey at its option prooeed to forecbx tAis morcgsSe. g ~ 1 q ~ That the ~lortgagor will keep all rea! and personel propertY now or he~eafter en~vmbered by the tien of this mortgage inwred as may be required (rom S time to time by the Mortgagee ag~i~sst bss by fire, ~cindstorm ~nd other hnzards. cas•.ralties and contingencie~ tor such periods and for ~wt less tlun such amounts as may be required by the Mortgagee and to pay promptly vchen due all premiums for ~ueh insurance. 71~e amounts of insur~nce required br• the ~lorgagee shall be the minimum amounts for which said in9urance shall be wTitten and it shall be intumbent upon t6e Mortgagor to maintsin sueh additioml ingurance se mey be oeces+ary to r?~et and complY (ullY with all co-insurarce reqairements contained in said policia to the end th~t tt~e ~id ~iortpgor is not a co-insuror thereunder. Insurance shaU be ~vritten by e company or oompenie+ appcoved or de+igmted by the Mortg~gce and al1 poli. cies and renewals thaeof ~hall be held by the ~tortgagee. All detaikd designations by the bfortgagor which are atcepted by the Mortgagee end dl aB'e~ ments betx~een \lortgagor and ~lortgagee relating to in3urance. now e:isting or her~fter made. s6s~1 be in writing and shaq be ~ peK ot thi+ mortga8e agreement as fully~ as thoug6 set forth cerbatim herein and shell govern both pert?es hereW and their sucoaaors and as~ign~. No lien upon any of ~id policies o( insurance or upon eny refund or retum premium which mey be peyable on the cancellation or termination thereof, shell be given W otha ttun the ~fortgagee. e:cept by proper endnrsement affiaed to sixh policy and eppro~•ed b~' itortgagee. Each policy of insur~noe shaq h~ve sf5zed tl~ereto a Standud tiew York \lortgagee Clause without C~ntribution. mak~ng all toss w losses under such poGcy psysbk to tF~e blortg~gee Gts iMerest rtuy ~P pear. In the e~•ent eny sum or +ums of money become psysbk ~he+w?nder the ~tortgagee shall have the option W receive ~nd ~pply the aame on acoount of the mdFbtednesc herrby qecured. or to pertnit the ~tortgagor to receive md use it. or any part thereof. vrithout thereby w~aiving or itnpairing anY oqu~' ti, lien, or right under aod b~• ~irtue of this mortgage. !n event of loss or physical danuige to the mortgaged property the 1~lortgagor siull give immsdute ~ ` ~ , BOOK~~ / PAGE - ~;~~~.r. - ~ ~ - :x.r:~-~:_ .