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Home My WebLink About1941 ~ . , PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the indebtednesa evidenced by • certain promiasory note of which the following in worda and figures is a true copy tawit: , 5 ~ ~ ~ ~ s 1.925.00 ~'ort Pierce, ~«;d, June 6, tn_74 ' FOR VALUE RECEIVEQ_ P~O1^"~ 1O Wr ~ to the orde~ ot SAMUEL GOODrL~b~A~(~ , s w e. eh~ pnncipd sum ot ~NE THOUSAND NINE HUNDRED TWENTY-FIVE an . , o6ether with i~tcreal ~hereoe tron~ date at the nte o[ tee percent, pe~ annu~n until nuturity, both prineipal and inte?cst bein~ pay~bk in lar+[ul money ut tl~ t)~~ted ~tates ~t 2244 Buearne Blvd., Miuni, Florida. or ~t wch other plaee as the hddets hueot eaay dai6nate in writina. P~incipal and interest par~bk in in~tallmcnti r idlow~: jTHIRTY ($30.00) DOLLARS per month, for sixty (60) consecutive months, on the 15th day of each and every month, beginning on the 15th day of August, 1974, and continuing until the lSth day of August, 1979, at which time the balance shall become due and payable. Th~s nate may be prep~id ~n whole or in pact aftet one yes~ from Ihe date hereof upon payment of a penatty equivalent io f~ve percent of the prineip~l sum prepaid. Each in~tallment payment ~hall be credited fint on the intercst due, and the trmainder on principd; and interr~t ~hall thrre- ~ upon c~as~ upun the princips! so eredited. Th~ makers snd ~ndorsers ot this note further aatee to Mraive demar~d, notice oI non-payment and pwtest, and in thr rvent suit ~ .lull be brought (or the collection hereof, or the wme has to be collected upon demand o[ an attorney. to pay reasonable attorney'a ' (rr~ tw making euch cdlection. D~(en~d payments hcteunder ahall bear interest at the ~ate of ten pececnt per annum Etom maturity until paid. 7'hi. 'ot~ i~ acured by a nw~Re of even date hereMith and is to be corutrued and enfo~d aecordins to the laws oi the '~tat~ o( tl~xida; upon defwtt in the paymcnt o~ prineipd andlo~ interat r?hcn due. the M?hde rum oI priecipal and inteee~t rrmaininR unpaid shall, at the option of the holde~s. becotne inunediatdy due and p~yade. J . . ~ ` t ' ~ ~ .u ~ (SEAL) (SEA~) and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants ~ of said promiseory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. ~ i 1. The Mortgagor hereby covenants and agrees: . 1~1 To pay all aad singular the prindpal and interest and other aums of moneY WYable by virtue of s~id promisaory note and this deed. or aitl~, Pro~Y oo che days rospeccivdy the aame severa]Iy beoome~ dne. 1 bl To permit, commit or suffer no ~raste and w auinuin tl~e icnprovements at aU times in a sute of good repair and condition, and w do or permit w be ~ i j done to said premises nothiog that wrill elter or change the ux aad cl~raeter ot said property or in any ~vey impsir ar weaken the security of thia ~ ' mortg~ge. Aad in cax of tAe refusd. neglect or inabi6ty oi the Mortgagor to repair and maintain ssid property. the Af ortgag¢e may. at hia optio0. ~ ~ euch repairs or awe the ssme to be made, and advance mor.eya in that be6alf. f Icl To p~y all ~nd singular the u:es. assessments. levie~. liabi6ties. and obligatiom of every aature oo said described ProP~Y e~ch and every w~6en doe ~ ~ ~ WYable acoardinB w law. before chey beooax delinqueat. e~ co deliver w the Mortgagee on or befae Marc6 lSth ot each year taz reeeipts evidmeing the p~yment ot dl Lwfiilly impoxd tazee for the preoeding takndar yeer: w idemnify t6e Mortg~gee upon his demand tor all ta:e~. as~es? ~ ~ mmts and cAargea tlut may bs ae~esaed upon this mortgaga oa the indebted~a.+ aecured hereby. arid paid by the morgagee, without regard w any 4w # heretotore eo~cced or haesiter W be enae!ed impoaing paYment af the w6ole or any part theleo[ upon tbe Mortgagee_ [ ~ 1d1 To pay all and singular the eosta. chuges and e~pea+ee. including Lwyera' tee~ and abstract costs re~onably irKVmed or p~id at any time by t6e Mortgigee beunve d the failure on the p~rt of the Mortgagor w perform. aomply with and abide !y e~eh and every tLe stipu4tions. ageeneats. conditiaoa ~ad covensnts ot seid promis~ory note and this deed. or eitf?er. and every aeh payment s6a11 bear interest irom date st the nte ot teo I 10'l~i per centum per ennum. ~ lel It is turther ooveus~N.ed and agreed by said parties that in tbe event of a suit beiag instituted to toredoee chu mortgage, the Mortgagee slvll be iN entitJed w~pp[y ~t any time pending such forecloaure suit to t6e oourt having jurisdictian thereot tor the ~ppointment of a receiva of all ud singular ths ~8~8'~ ProP~Y. and of all rmts. inoomes. P~ta. issue~ and revenues t6ereof. irom ~ehatsoeva source d~ived: and t}~aupon it is herobY ~ ~ ~m•enanced aad agreed tlut the Court shell forthwrith appoint wc6 reoeiva ~vith the nsual powae and dutie~ of reoeivers in like cases: and said appoint- ment shsll be made by the eourt ~e ~ matta of atriet right w the Mortgagee. aad without re(~ce W t6e adequ~cy a i~deqwey of tbe wh~e of ths pro- P~*tY ~Y ~6~8~ or to the wlveaey or insolvency of tLe Mortgago» or any otl~er puty defmd~nt to sue6 wi~ 11~e Mo~tgago~ I~sb9 spedf- ially waives t6e right w objeet w the ~ppointmeit of ~ reoeiver as atorea~id and herebY espreaslY ootutata tlut akh appointts~srt ~MII bs m~ds u an ~ ~ sdmitted eq~dty and as e matter ot absoh,te right to the Mortgagee and that the sune may be doce witt.out notice to the Mortgagor. t ~ ' Ifl lt forecbeure proeeedings shouW be instituted against the property cove~ed by this mortgage upoa any ot6er lien or cleim whether alkged to be ~ superior or junior W the l:ea of this morcgage. the Nortgagee may at 6is option inu~?edi~tely upoa institution ot auch s~at or during t6e pmdeaty thereof ~ - declare this matgage and the indebtednea.+ sec~+red hereby due end psyable forth~vith and may at its option proceed to torecloee this martg~ge. ~ 1 g 17hst the Mortgagor will keep d! rea1 and peraood property aow or he~saRer encumbered by the tien o! this mortgage in~ured as m~y be requind fram cime co time by t6e Afarcgagee again~c to~ by fue. .rindstorm .nd ocher h~zards. casu.ltin and oontingencies far such pviods and Eor not ~ss c6~a ~ ~ wch smounts as mey be reQuired by the Mortgagee a~d to pay promptly wheo due all premiwas for such inwrance_ 'Il~e aawunte of insur~nos nquind ~ ~ by the Morgagee shall be the minimum amount~ tor whieh asid insurance shaU be writt~ and it ahsll be in~wnbent upon t6e Mortgagor W m~intain snch ~ add'etionsl inaurance ss may be nece~ary to meet and oomply fully with all oo-insuraace ~equiranents oontained in seid pdicies w tde md th~t t6e said Mort~gor is not a co-irsuror thereunder. Insur~nce ~hall be writta~ by s company or oomp~nies epproved or deaign~ted by the Mortga~ee and d1 poFi- ~ cie~ and renenals thereot shall be held by the Mortgegee. AU detailed deaigoatioa+ by t6e Mortgagor which are acoepted by the Mortaagee and all a~es ~ ments between Mortgagor and Mortgagee relating w iasurance. caw esiating or 6ere~fter m~de. aAall be in w~riting and ahall be ~ patt of thi~ mortga8'e ~ agreement as fully se though xt [orth verbatim herein end shall govern both p~etie~ hereW and tlwir a~ooessors wd aasig~ns. No tim u{wo an~ of sid ~ policies of in~unnce or upon any refw~d or return premium whicb may ~e peyabk on the eancellation or t~min~ti~ t6e~eot. ahali be 6iven to oth~ th~t~ ~ the Mortgegee, e:oepf by proper endorsement affi:ed W such poticy and spproved by Mortg~gee. Each policy ot itaur~nos aFull h~ve af5sed tLereW • a Stand~rd New York ~f ortgagee Qause without Contribution. making all loes or lasses w~der auch poticy paYable to tLe Mortgagee ~s ha intereet au~,y aP ~ pesr. Tn the event any ~um or sume ot money beoome payable thereunder t6e Mortga~gee shall luve the optioa W reoeive aod apply tl~t same oa ~tao+mt ~ a y ~ ~ ot the indebtedness hereby se~vred. or to pernut the Mortgagor w roceive and we it. a~ny part thveof. without thereby wtiiving or itnpaitit~ any +q~i~ ~ ti, lien, or right uoder aod by virtue of this crwrtgage. In event of bss or physial d~mage w the matg~ged propKty tbs Mortgs~or shall pv~ imm~ab ~ ~ ~ooK~2~ PAGE1937 ~ - - ~ , , . _ ~ ~ ~ ` ~ ~ ~~~-r . ~ , ° ~ -