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Home My WebLink About1934 ~ . ' ~ ' s PROVIDED, ALWAYS, that if the Mortgagor ~hall pay unto the Mortgagee the indebtedness evidenced by a ~ certain promissory note of which the following in worda and figures ie a true copy tawit: ~ ~ 9 y~E if~` s 9,725.00 Fort Pierce, F~~;d, May 25, 1~_~ F()R VAI.UE RECF.IVE~~._ I ~m~ wr ~o the ord~t o1 EVELYN S. th~ pnncipal sum o( NINE THOUSAIVD SEVEN HIJNDRED TWENTY-FIVE G. , ther with intcneat ~hereon [rom date ~t th~ nte of tcn perceot, per ~oeum u~til maturity, both prineipal and inte~e~t bei~ p~yable ie law(ui moner u~ ~h~ l)niled 5tate~ ~t 2244 Biscayne Blvd., hiumi, Florida. or ~t wch other piace n the hddero hereoi map desi6n~te in r+ritin`. P~ncipai and intereat pay~ble in in~tallmeritr r fdloMrs: TWO HUNDRED ($200.00) DOLLARS per month beginning on the 15th day of August, 1974, and continuing on the 15th day of each and every month thereafter until paid in full. This no~e may be prep~id ~n whole or in part a(ter one yeu (rom the dste hereo( upoe payment of a peealty equivalent ~ co f~ve percent of the prmc~pal sum prep~id. F~ch in~lallm~nt payment ahall be rredited (int on the interest due, and the rem~inde~ on principal; and inlerr~t •hall there- upon ~~a.u upun lhe principal so credited. ~ ih~ makers aod ~ndorten~ ot th~e note turther agree to w~ive demand, notic~ ot non-payment and protest, ~nd in thr ~vent wit .lull b~ brouRht for 1hc coll~ction he~eoi, o~ the same h~s to be eollected upon demand o[ a~ attorney. to pay reasonable attorney'x frr. (or m~kiry~ wch ~oD~ction. D~f~rr~d paymenta hereunder ehsll besr intcrest at the rate ot tenpe~cent per annum t~om maturity until paid. ~ 1'hi. not~ ie ~ecured bp a na~~e of even date herewith and is to be conatrued and entorced ~ecordin` to the laws ot the ~ ~tate o( flruids; upon de(~ult in the P~yment ot principd ~ndlo~ interest when due, the Mhde eum o( p~neipal and intece~t ~ rrma~ninR unpaid shall, at the option of the holde~s. ~o~ ~~~a~.~~r a~~ P~r.w~. ~ ~ ~ _ ~ (SEAL) ~ I (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 ahall cease and be null and void. ? z 1. The Mortgagor hereby covenants and agrees: ~ I~1 To p~y a11 and singul~r the principel and interest ~ad otl~er sume of moneY WY~ bq virtue of ~aid promiseory aote and i6is deed. or either. ~ Pro~Y on e6e days respectivdy the seme ee~~enlly becomes due. ~ ~ Ib? To permit. cammic or auffer no ~v~ste and to maintain the improvements at aU time~ in e state of good repair and conditioa, and w do or permit W be ' dooe W said premixa notl~ing tlut will slter or change tbe use ~nd ch~racter o! said PmpertY or in aey way impair or ~reakm the security ot this ~ ~ mortgaga And in ax of t6e retu~al. neglecc or iwbiGty of the Mortgagor to repeir and maintain said property. the Mortgagee m~y. ~t his option. maloe ~ ; euch rep~iro or uux the aame to be wde. and ad~ mce moneya ia t6at behalt• j i ~ lcl To p~y dl ~ad singuLr the taies. asxs~eats. leviee. liabilities. and oWigations ote~~ery wture on asid dauibed property e~ch and evecY when due ~ ~ WYabk accading W Isw. before they beoome delinquent. and to deliver w the Mortgagee on o~ before March 15t6 of each year tu nce~pts i evideneing the payment of atl Lwhilly impwed t~es tor the preceding akndar ye~r: to idemnify the Mortgagee upoo hia demand for aU tues. as~ess ~ mmts and charges that m~y be aaaee~ed upon thia nwrtgago 0o the indebtedneas aecured haeby. and paid by tbe morgsgee. wit6out ngard W any Lw herewfore e~ucted or lw~aher w be enscted imposin8 WY~At o( We whole or any part tAereof upon tbe Mortg~gee. Idl To psy all and siagu4r thetoets. charges aod espenx~. inctuding lawyers' teea snd ~bsuatt oosts res.~ooably in~vrted or paid at any time by the ~ Mortgagee beua+e of the failure m the p~rt of t4e Mortgagor to perfarm. aomplY ~rich and abide by e~c6 and evpry the stipulatio~. agre~n~ts• conditioos ~nd oovenanu ot esid promiseory noce and tAis deed, or either, and e~try such payment ~hall hear interest from date at tLe rate of teo 110961 pv centum per annum lel It is furthet rnv~ensoted and a8med by said parties thst in the event of a suit being imtituted w forecloee this mortgege. the Mort8~8'ee sba11 be ~titied to ~pply ~t a~ time pending such toreclosure suit to the oourt f~ving juriedictioa thereof for the apsw~intmmt of a nceiver of ell and aiogul~r the ~8~8'~ P~Y. and of all renU. ineome+. profits. insues ~nd reveaues thaeot. (mm whatsoever aouroe dQived: a~ thveupon it ie bssby e:pres~ly ~ cmr~nanted and agreed that i6e Coart ahaU torthwith appoint such receiv~r w~ith the usual powero end dutie~ of recdvers in 67ce cases: and s~id appoint• i ment sdall be m~de by tM eourt u~ autter ot strict rieht w the Mortgagee. and wichoui refereace co the adequ~cy or ia~dequacy of the vdue of t6e pro- ~ P~Y ~Y ~B~B~ or w the solvdxy or innolveney of the Mortgagon or sny other party detmd~ni to ~uch suit~ '1Le Mortgagor lwebq spsiaf- ially waivea ths right w objeet w the appourtmmt of ~ receiver sa afore~aid and hereby e:preasly oon+encs that sueb appointment sl~ll bs m~de as an ~ ~ sdmicted equity and as a metter of absolute right to the Viortgagce and thst the same may be dooe without n.otite to the ~lortg~gor. ~ ~tl !f [oreclowre proceedings should be inetituted again~t the propetty coven~d 6y this mortgsge upon any other lien ar cLim wAether alkged W be ~ auperior or junior to the lien of this morcgage. the ~tortgagee may at his option ima~ed'utely upon inatitution o( such wit or during tbe pmdency tl~reo~f ~ declare tlug mortgage and the indebtedness secured hereby due and paysble forth~rith and may at its optioo proceed co foreclooe thia mortg~ge. 1 g 111?at the Mortgagor ~cill keep all real and personal property now w hereatur encumbeeed by the lien of this matgage inwred as m~y be cequired irom ~ time w time by the MortgaSee +~gainst loa~ by Cre. wiidstorm and other lrsard+. a~ualtiea and oontingencies for such periods ~nd tor not kse t6~n wch amounts u may be required by the Mortgagee and to paY promptly whea due all premiums tor such insunnce_ The ~mwnte of icnwanoe requi[ad ~ by the Morgagee shall be the minimwn amounts (or which said insurance s6e11 be ~vritt~? and it shall be incucnbeat upot~ tAe Mortgag~or to m~ii?t~in s~cb ~ additionsl ins~r~nce u m~y be oeoes~ary to meet aad comply tnlly with all coinsurance requiranents oont~ir~ed in said pdiciea to the end t6~t tLe s~id ~ Mortgagor is not a oo-insaror thereunder. Insurance slaU be w~ittai by a oompaay or oomp~nies approved or de~ignated bY ~ M~6~6~ P°~' cies and rene+rals thaeof shall be held b~• the ~lortgsgee. All detailed designstiooe by the Mortgagor whith are scapted by the Mortgagee and tU agrea ments between l1lortgagor and Mortgagee relsting to iniurance. now ezisting or herwfter made. ~lull be in writing ~nd shdl be a psrt of thie mortgage ~ agreemeru a~ fully aa though set forth verbatim herein and shall govern bot6 parties hEreto snd iheir suoasaors and as~igns. AIo liea upon any of ~id ~ policies o( insurance or upon any refund or retum premium which m~y be p~y~bk on tM cance?ation or te~mination the~eot. sh~ll be ~vea co other than the Mortgagee, ezcept by proper endorsement affized W such policy and appro~red by Mortgagee. Each polity of iawranoe ~hdl h~ve af5sed tt~ssto a ~ Stand~rd New York Mortgagee Cleuee withou[ Contributioo. malcing all laaa or lassea under auch P~Y WYabis W ths Mortgagee ~s its intereet mty ~p~ pear. in the event any eum or sums of money become payabk tFkcbunder the Mortgagee shell txve t6e option to reoeive and apply tbe same on aeoount ~ of tl~e indebtedres~ herrby secund. or to permit t he Mortgagor to receive ~nd use it. or any part tl~era~f. w[t6out thereby wdvi~ or impriring any ~Qui- ~ ti, liea, or right uader and bp ~irtue of this mortgege. Io eveat of Iws or p6ysial d~m~ge w ihe mortgaged propaty tbs Mort~a~or sh~ ~w Imm~diat~ ~aoK~~ PACE~~ ~ ~ . . . _ _ _ - - - - - ' ~~I II wxs ~ ~r ~ a~' Z e'°' ~ c'1 2 h _ I 'y L - ~ Y' x-.~,e ~ L _ '~~Y'" ":`~tr ~ . . . . .,H . . +V.