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Home My WebLink About0539 i • ' . . " PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the I~iortgagee the indebtedness evidenced by ~ certain romissory note of ~rhich the following in words and figwea is a true copy tawit: t 1 , ~ ~ t 1~ 125.00 Fort Pierce, F~a;d, Ma~ 25 . 74 ' ; FoR vA~~~1~D WE ointl and severall promi~e tu pay to the o~d~r of _ ~ th~ pnncipal wm o~ _QIIF THOUSAND ONE HUNDRED TWENTY-FIVE and . . to6ethet with intercst ~hercon (rom date ~t the nte ot ten pcrcent, pee a~num unti) maturiqr, botl~ prineipal ~nd intcrcst beiry~ p~y~bk in lav~r(ul mooey u( the Umted ~tates at 2244 Bi+cayne Blvd., Miami, Florida. w at wch othet plaet as the hdden hereo( may desi6n~te in writin`. Principal and interest pay~bte in in~WltntnU r tdloMn: THIRTY-FIVE ($35.00) DOLLARS per month beginning on the 15th day of August, 1974, and continuing on the 15Ch day of each and every month thereafter until paid in full. Th~s note may be p~ep~~d ~n whole or in put a(tet one yeu (tom the date hereof upoe payment of a penalty equivalent ~o (~ve pe~cent of ihe D~~~cipal sum prepaid. E~ch in~ullment payment ~:hall be ~redited fint on the intmst due, and the remai~de~ on principal; and intrrr•t ~hsll tbrre- upon c~a.ce upun the pnncipal so credited. ' Th~ m~k~rs and ~ndwsers of thie oote tu~ther aaree to waive demand, notrc~ ot non-p~yment and protest, aad in lhr ~vent suit .I~all br brouRht (or the cnllectan hereof, or the same haa to be eollected upon dem~nd o( an ~ttorney. to psy reasonable attorney'~ (rr. tor makinR such cdleclion. Defe~nd payments hercund« shdl bear ~ntetcst at the rate of ten pereent per an~um [rom malurity until paid. 7'hi. not~ is ~ecured by a nwrt~e of even date herev+ith and is to be constsued ~nd enforced accordin6 to the laws of the ~tat~ ot fl~xida; upon default in the payment ot principd andlo~ i~tere~t when due, the whoie wim of principal and inte~e~t rrnu~niry~ unpaid ahdl. ~t the option of the holden, become immediately e and=wr•~~. , . r., ~ '+Cl.~ L~ 'c ~ (SEAL) ~ ~c.-~~.e~L- .~k~ (SEAL) ~ 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 shall cease and be null and void. 1. The Mortgagor hereby covenants and agrees: 1~1 To pay all aad singular the prindpal and in~rest and other sums ot mone~ paYaWe by ~~irtue of said promissory note and thi~ deed. or eithcr. Pro~Y oa t6e days respECtively the same se~•erafl} becumes due. 1 b1 To pemat, coinntit or ~uffcr no w~aste aad w maintain the improvementa at all times in a state of good repair and condition, and to do or peimit to be done to said premixs noching that *riH ~ha or chan8'e the use and cl~ar~ctu ot said prop~ty or in any ~vsy impair or weaken the aecurity ot tlua i mortgage. And in we of the retusal. ne~ect or inabi6ty ot the Mortgagor w rep~ir and maintain ssid property. the Stortgagee m~y, at his option, m~ke ~ suc6 ~ep~in or atae the same to be m~de. and ad~ ance mo~ya in that behalf. ~ ~ lel To p~y dl ~nd ~ingul~r che ca:es, ass~ssments. levies. {ubiGties. and obligatioas of every nature on said described propercY e~ch and every ~rhen due aud p~yabk accarding w la.v. before tFrcy beooax delinquent_ ud w ddi~~er w the Afortgagee on or before March I5th of each year tu receipce e~idmeing the payment ot all I~wrfully impwed tases for the prcoeding akndar yesr: W idemnify the Aturtgagee upa? hi~ deaand for all taiea. assees mmts and chsrges thK m~y be as,xsxd upon this morcgage on the irdebtedness secured Aereby. and paid by the morgagee. wnihout regatd to any law Fkrewfore e~cted or I~eatter w be enscted imP~nB WY~~t of t6e vr6ole or any p~rt thaeof upon the Mortg~gce. Idl To p~y all and aingul~r the cosu. charges and es~a+ea. induding 4wyri~ fees and abstract coata reasombly in~vrred or p~id at eny tia~e by the Mongagee because of tbe failure on t6e part oi the !1~ortgagor w pertorm. oomplY with aad abide by each and every the etipilationa, agreements. eonditioos ~?d oovenants of xid promiseory noce and thu deed. or eitl~er. and e~~ery such payment shall bear interest f;om date at the nte of ta~ I10%1 per centum per anauca lel It ie further rn~~enated and agreed by ssid pazt~es that in the event of a snit being instituted to foreclose this mortgage, t6e Mortg~gee ahall be entitled W~pQly at an~ time pe~ding such toreclosure suit w the oourt having jwisdiction thereof for the appointment of a receiver of all and smgular tbe ~g~ged PropertY• and otall rmt~. inoomes, protits. issues aod reve~ues thereof. (rom ~rhatsoeve~ ~ource derived: and th~?pon it is baeby e:preaslY covenanted and a~eed t6ac t6e Court shall Eorthwrit6 appoint such recei~•er with the usual po+cers and duties of recei~rrs in lilce caxs: and a~id appoint- ment shall be m~de by t6e oourt as e mauv of atrid right w the Matgagee. and without reference w the adeqwey or inadequscy of the value ot tbe pro- P~7 ~Y ~8~8~ or w the solvmcy or ineolvmc~r of the Mortgagora or any other p~rty defead~nt w wc6 suit_ The Mortgagor 6sreby speeit iully w~ives t6e ri~t W object to t6e appointment of e receiver a~ eforesaid and 6ereby ezpressty oonaents that such appointme~t aFull be wds ~s an admitted eq~dty and as a mstter of ab~olute right to the ~lortgagee snd tlut the same may be done wichout notice w the Nortgagot. ~ ~t1 I[ foreclwure proceedings shaild be instiwted against t6e property cm~ered by this mortgage upon any otha liea or cLim wl~ether aUeged w be ~ soperior ar junior w the lien of this mortgage. the ~tortgagee may at his optan iauned"utdy upoa in~titW.ion of such wit or during t6e pendeacy theieof declan thia mortgage and the indebtedness secured hereby due and payabk forthwitb and may at ita optioo proceed to fotecloee t6ia mortgs~ge. ~ 1 g 17tut t~e Mortgagor will keep all real and personal pcoperty now or haeaher en~vmbered by the lien of tl~is mortg~ge inwred a?~y be required trom ~ time w time by t6e Martgsgee agaia~t b~ by Fire. windstorm ~nd other t~zud+. casualtie~ and cootingencita far such periods and for not les~ than ~ wch amounts as may be rcquired by the ~lortgagee and to p~y prompcly wrhen due all premiwng tor such insunnce. The amwnts of inawuwe requi[!d ~ by the Norga~ee st~sll be the minimum amamts for which said i~urance ahall be written and it shs11 be incumbmt upon t6e ~tatgagor to m~intaiu s~~cA ~ additional ias~rance as may be neceaiary to m~eet ~nd comply fiilly with all oo-insurance requiranents oontained in said policie~ w the end th~t t6e aaid Mortgagor is not a eo-insuror thereunder. Insursnce sha0 be ~rriUa~ by e rnmp~ny or oomp~nies approved ar deaign~ted by the b[ortgagee ~nd aU pdi- cies and renewals thereof sfuU be held by the Mortgagee. All detailed de,.igoatioa+ by the Mortgagor wAieh are accepted by the Mortg~gee wd all ~gtes me~ts between ??Sortgagor a~d Mortgagee relating W iusurance. no~v e:~sting or heseafter nude. ~Aall be in writing and ~haU be a psrt of thu matg~ge agreement as fully as thoug6 set. forth ~rerbatim he~sin and shall go~-era both pvties hereto and their ~aors and aa~?s. No lieo upoo any of said ~ policies of in~urance or upoo any refund w returo pr~ium wl~ich mey be peyabk on the cara?ation or tumination thereof, ~11 be giveo W other th~e the ~fortgagee. e:cept bY proper endorsement affi:ed to such poticy aod ~pproved by Mortgagee_ Each policy oi insuranoe slull have af • Stacd~rd AJew York Mortgagee Aause wittwut Contribution. making all loss or labses under such policy paY~bk to tbe Mortgagee ~s ita interest may iP pe~r_ In the event any sum or ~uns of money become papabb thereunder t6e 1Nortgagee shall have the option to reoeive and ~pply tht same on aeoount of tl~e indebtedoFss hereby eecured. or co permit the !Nortgagor to recave and we it, or any part thereot. without thereby wniviog or imp~iring anY eqai- ~ ti, lien, or rig~t under and by virtue of this mrxtgage. 1 n everu of loss or physical dam~ge to the m~rtgaged pcoperty tLe Mortg~gor ~hall giw immsdiate : 5 ~ r p . ~ ~ ~ f':~ ~.~.0 PACf ~ ' • _ _ . - ` ~ ~ " ~ ~ ~ ~ ~ " ; ~ ~ ~ ~ . .s s ~ ~ - - ~ - ' _ . _ . : < ,