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Home My WebLink About2565 PROVIDED, ALWAYS, that if the Mortgegor ~hall pay unto the Mortgagee the indebtedness evidenced by a certain pmmissory note of which the following in words and figu~es is a true copy to-wit: ~ = 3,550.00 Fort ierce, F~a;d, June 15, ~~74_ ; WE, iointly and severally, prom~i~p,y ~ fOR VALIIE RECEIV~D_____ to the ord~~ of _ k;~-~ the pn~c~pd sum o(-~J~~C~~ 1~0 FI-~~~~~ 'TY BriCj t10 (,!?RS, to~ether with inte~t . thereon Irom date ~t the nte o(1ee pereent, pet annum until maturity, both pr+ncipal ~od interest beinR payabk in Isw(ul money uf the ll~ited 5tates ~t 2244 Biscayn~ Blvd., Miami. Flotida, or at wch other pl~ee u the hdders hereo( may desi~ate in writin~. Principal and interest payable in in~Wlmenu a~ ~dlo«r EIGHTY ($80.00) DOLLARS per month beginning on the lSth day of August, 1974, and continuing on the 15th day~of each and every month thereafter until paid in full. TA~s note may bc ptep~id ~o whole or in psrt after one year ttom ~he date hereof upoo payment of a penalty equivalent ~ ~o f~ve percent ot ihe pnncipal sum prepaid. E~eh in~tallment payment r.hall b~ credited (irst on the interest due, and the remainder on pnncipal; snd int~?r~t •hall thrre- ~ upun ~~a.u uEx~n the pnncipsl so credited. Th~ makers and ~ndorsers o( thiR no~~ tu~ther a~et to waive demand, notice ot oon•payment and p~otal, and in thr ~vent suit ~lull t?e brouRht tor the collection hereof, or the ume hss to be collected upon dem~nd o( an attorney. to pay reasonablc attorney's frr. (o~ makin6 ~uch collection. D~f~rred p~ymeots hereunder ehdl be~r interrst at the nte of tee percent per annum (rom matu~q until paid. 7 hi. note it ~ecured by a mort~e o! even date herewith and is to be con~trued ~nd entorced aecordin6 to the laws of the . <tat~ of fl~xida; upon def~ult in ihe payment oI principd a~dlo~ interat when due, the whde wtm of principal aed intetest rrmainioR unp~id ahdl, a1 the option o( the holden, beeome immediately dne and payaWe. ` (SEAL) ~ . „ ~ ~ ~ - ~ ~~~r % ~~rt-.r~i. ~tSEAL) i I ~ 1 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 covenaats and agrees: 1~1 To p~y dl and singular the principai and iuterest and other suma of momy payable 6y virtue ot said promissorY note and thi~ deed. or eithes, prompdy oa tbe days respectivdy the same xverally beoomes due. ~ 1 b1 To permit. commit or suffer no w~ste and w maintain the imp~ovements at all times in a stau of good rcpair and rnnditioa. ~nd w do or permit to be dooe to eaid p~amiae~ noching that vrill alter or cl?ange the use and chareet~ of said PropertY or in any w~ay impair or w'eaken the security of this p ami i mortgaga. pnd ia cax ot the retueal. neglect or inability of the Mortgagor w cep~i~ and maintun said property. the ~lortgegee may. at his option, make j such reptirs or eaux the same to be made, snd sda•ence moneys in that behalf. t ~ Ic1 To pay all and singuler the ta:es. assessnents. le~~es. liabilities. and obligationg ot every• nature oa said dexribeci property eecA and e~'erY whea due and psyeble according to ~aR, before they beoome delirquent, and to deli~-~ to the Mortgagee o0 or before March 15th of each year taz recapta evidencing the psyRnent of ~111asrfully imposed t.~zes for the precedin8 calendar year: to idemnify the 1?fortgagee upon his demand tor all tazes, aseear ~ menta and clwgea t~st way be assesaed upon this mortgage oo che indebtedaes.s secured hereby. and paid by tt?e morgagee. wittwut regard to ~ny law here W fore eaacted or hefeafter to be enacted 'unposing peyment of the wlak or any part the~eof uQon t6e Mottgagee. Idl To p~y aII ~nd aingu4r the cosa. chargee aod e:penxs. including Lwyers' feaa and abstrsct costs reasonaWy imured or p~id ~t any time by the htortga~ee because of the failure on tAe part of the Mortpgor w pertorm. oomply wich and abide by each and e~~y the atipulatiotu. agrerments. rnnditione ~nd covenants o! aaid promissory note and this deed, or either, end e.•ery su6 peyment shall bear interest from date at the rate of ten 110961 per centum per annum. lel !t is further m~-ensnied and agrced b~ aaid parcies that in the event of a suit being instiwted w forecbse this mortgage. the Mortgagee ahaU be entitled W epply at any time pending such fornclosure suit to the wurl having jurisdictae thereof tor tl~e appointm~t of a receiver of all and singul~r t6e ~B~B'~ P~Y• and ot all rents. i~omes. profits. issues snd revenues thereot. fmm whatsoever aource deri~^ed: and thereupon it ia hueby ezpreaelY covmanted end ageed thst the Court shall torthwith appoint such reoeiver with the usual powrere and duties of recei~~ere in like cases: ~td seid appoin4 ~ ment ~lull be made by tde court an ~ matter ot ~trid right w tbe Matgegee. and without referrnce to the adequacy ar insdequacy of tbe value ot t6e pro- ~ P~Y ~Y ~B~B~ or to t6e solvency or inaolveacy of the Mortgagora or any other party defendant to weh srit. '1Le Mortgagor hereby specif- ically ~v~ives t6e right to objeet to the appointment of e receiva as aforesaid and hereby ezpces~ly ooasents tLat sucA a~ywintmeat shali be m~de as an v ; admitted equity and as a matter of ebeoFute right to the ~lortgagee and that the same may be done without notice w the :1lortgagor. : ~ if? If foceclawre proceedings sh~uld be instituted egeinst the property co~•ered by this mortgage upon any otha lien or cLim ~rheth~ alleged to be ` ~ auperior a junior to the lien ot this mortgage. the 1~ort6a8ee maY at his oQtion immediately upon institution of such wit or during the peadeaty tbxeof declare this mortgage and the indebcedness sccured hereby due end payabk forthwith and may at its option proceed to foreclose this mortgage. f~ . ~ 1 g111ut the btortgagor scill ~eep all rnal aad personel propertY now or hereafter encvmbeced by Lhe lien of this mortgage inwrcd as maY be eequired froa> > time to time by the.l~fortgagee against loxs by fire. windstorm end other hszuds. casualties and contingencie~ for such periodt end tor not les~ t}~a ~ ~ wch amounta as mey be required by the 1lortgsgee and to pay pcomptly ~vhen due all preemiucna (or such in~urance. 71~e amwnts of in~ursnce tequired by tt?e tilorgagee shaU be the minimum amounts (w xhich said imurance shell be written and it shaU be incumbent upon tLe Mortgagor to maint~in sucb additional insurance u maq be necessary to meet and rnmply tully with ali oo-insurance requiremente eontained in said pdicies to the eod th~t the s~id Nortgagor is rot a co-iniuror thEteunder. Insur~nce ehall be aritten by a compaoy or compsnie~ spproved or designated by d~e Mortgagee and all poli- cies and renewal~ thereof shali be held by the Jfortgagee. All detailed desigr?ations by the bfortgagor which are acaepted by the Mottgagee ~nd all ~ge~ ments betw~en 1ltortgagor and ltortgagee relating w insurance. now ezsting or hereattu ~nade. ahall be in writing and a6all be a pert of t6u mortg~ge agreemeM as fully ae thoug6 set forth verbatim herein snd shall govern both parties k~ereW and the+r aucce.+~on end assigna• No lien upon any of pid ~ policies ot imurante or upa? am refund or retum premium ~vhic6 rtuy be psyable on the ur~ceUation or urntinetion thereof, ehall be given W other tha~ the ~lortgagee. ezcept by proper endorsement a(fi:ed W such policy and sppro~~ed by btortgagee. Each policy of insurance shaU luve af5zed tlkreto a St,~ndud New Yorlc Mwtgagee Clau~e without Coneribucion. making all bss or losaes ander such policy paYabk to the !?iortgagee se ite intveet m~y ~P peer. In the event any sum or eums ot money become payabk there~tnder tLe Mortgagee shall have the option to reoeive ~ad ~pply tbe a~+ne oA ~coount of the indebtedness hereby xcured. or to permit the !Nortgagor to receive ~nd use it. or aay pert thereof. without theteby wair.ag or impairing ~nY equi' ti, lien, or right under and by ~irtue oE thi~ ~nortgage- In event of loa.s or physial d~mage to the mortg~ged prnp~ty tLe Mortg~gur shdl ~ve imms~ate BOOIt PACE~S~ ' ~ ~ - ~ - - - - ~ ~~r ~ ~ < .f . _ ,._~e _ _ _ . . _ a~.,_ ~