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Home My WebLink About1918 ~ • PROVIDED, AI.Vb'AYS, that if the Mortgago~ shall ;wy unto the lNortgagee the indebted~ess evide~ced by a certain promissory note of which the following in words and Eigures is n true copy to-wit: ,i s t ~ ~ s__ 9~125 • pp Fort Pierce , ~a;~, June 15 . t~_ .74 , ~ ~ ; f~~R v~LUE RECEIVED WE, iointly and several ly, promise to p~y 3 to eh~ ord~r o( _ IRA G ELBER ~ ` the pnncipal sum o~ ~1~N~ THOUSAND SEVBN HUNDRED TWENTY-FIVE S11dp _ , o`tlher wit6 ielerral ~ th~rcon (rom date ~t thc nte of ten perceot, pe~ snnum uotil maturity, both ptincipal ~nd interest bein~ payabk in law(ul money ut { th~ linited ~tates d 2244 Bi~c~yne Blvd., Mi~mi. Florida, or ~t wch other plate a~ ehe hdders husoi may dai~nat~ in «ritina. ; Principal aed iotert~t paraalt in ieutallments r[dlow~: ~ TWO HUNDRED ($200.00) DOLLARS per month beginning on the 15th day ; of August, 1974, and continuing on the lSth day of each and every E month thereafter until paid in full. ! ~ ; Th~s no~e may be prep~~d ~n whole or ~n part attet one year ftom ~he date hereof upon paymenl ot a penalty equ~valent e~~ live De~cent of the prmeipal sum prep~~d. i Fa~h in~ullment paYment ahall br credit~d iirat on the interest due, and the Kmainder on principal; and ~nt~?r~t ~hall thrre- ; upon ~~a.cr upun the printipsl so c~~dited. Tlu makets snd ~ndoners ot this not~ turthet a~ret !o wure dem~nd, notice of non-payment and pmte~t, and in thr ~vent suit .I~all b~ btaa~ht (or tht cdlection herco(, or thc ~ame has to be coqected upon demand o( ae attotner, to p+~y reaw~able attorn~y's ; ~rr~ (or makin~ ~uch cdl~ction. t R•(~n~d p~yments heteunde~ ehalt bea~ intere~t at the rate of te~ percent per annum (rom maturity until paid. ~ l hi. not~ is acurrd b~r a mo~t~aRe of eyen date herewith and is to be construed a~d en(orced accordin6 to the laws o( the ; t~~at~ ot Fl~~da; up~*n default in the payment ut principd ~~dlo~ intere~t ~rhen due, the whde sum of pnnrip~l and intered ~ ! rrm~~n~n~, u:tipaid ahsii, ~t the option of the holdero, beeome immedia ~ly due and payaWe. _ ~ ~ ~ - ~ ~ ~?~1~ (SEAL) . I s ~ 7 ~ ~,~1i ~ ~1 r (SEAL) and shall perform, comply with and abide by each and every the stipulations. agreements, conditions aad covenants i of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be null and voi~. 1. The Mortgagor hereby covenants and agfees: lal To pay all anE singular tl~e prindpal and in[erest and other sums of mone~• peYaWe by ~~irtue of said promisaory note and thi~ deed, or either. Pr~mPtly on the days respectivel~ the sama severally becomes due. 1 bl To permit, cominit or suffer no waste and w maintain the impro.•emente at all times in a sute of good repsir and conditioa aad W du or ~rmit w b~ done to said premises nothinB that wiU alter or change the use and character ot said property or in any xsy 1lilP3lf O! NY~Y![I IIIC 3~i6."3iLf OI LAI! ~ morcgag~ And in use ot the reF:sal. negiect or inabiGty of the ~tortgagor to repair a~u! me33tain said propcrt~. t~r \lurtgagee m~y. at his option, makr , such re~urs or cawe the sarne to be made, and ad~•ance mooeys in that behalt. ~ Ic1 To psy sll and singulu the ta:es. as~sments, lev~es. ~abilities. and obligatioru of e~~en• nature on said dexribed property exh and every ~chen due i and psya5le according to law, before they beco~ne delinquent, ard to delicer to the Atortgagee on or be[ore \tarch ISth of each year tu receipt~ I e~~idenci_ng the paycnent of ell la~cfullp impoeed cazes for the pceceding ulendir pear: to idemaify the AfuKgagee upon his demand tor aU tazes, a~aesr ~ menb and chugn that may be assea~ed upon thi~ mortgage oa the irdebcedness aecured 1?rieby. and ~;:1 by the roorgagee. without regard to anp Lw heietofore enacted or haeafter w be enacted imposing p~Ymeat ot Uu whok or any part theieof upor. the :Sortgagee_ ~ Id1 To p~y all and singular the costs. charges aad e:penxs. including 4wyers' fees and absvaet aosts reasonaWy irnvm,d or P~id at aay time by the Narcgagee becawe of the fsilure on the part of the ".Nortgsgor eo periorm. oomPly with and abide by e.ch and e~-ery che atipu4tioa+. a~e~ent~. oonditions and cocer~:t` !±f asid promissory note and this deed. or either. ~nd earry such payment stull bear interest from date ~t the ate of ten I 10'61 per centum per annum_ ie? It is further m~rmnted atid aqre~ed Ay cs~d psrties that in the e~-ent ot a suit being institute~ W~orecloae this cnortgsge. lhe ~lortgagee shall be entitled W apply et am• time pe+ding such torecl~nure suit to ihe ~~ourt Mving jurisdution thereoi fac the eppointment of a recei~a of all ~~d singu4r t6e ~t6~8'~ P~~LY. and oE all r~?t+. ineome~. Pr~ts. issues snd rr~~enua thereo(. from whataoe~-er eource derived: and thereupon it is hseby e:pre~sly coveoanted and agreed that the Court sha11 torthwith +Ppoint such reueiver with the usual poxas an~ duties of reoeivets in like cax~: ud said appoint- ment sh~ll be msde by the court ss s metter of strin right w the Mortgagee. and without refaeae w t6e adequ~cy or insdequ~cY o( the v~lue of the pro- P~Y ~+'ebY '~~BaB'~• or to the ~oh eacy or inaoh~ency of the ~lortgagoro or u?y other party defendant to auth auit_'Ihe Martga~ Mreby epeaf- iuL'~ ~rsives the rigAt W object to the appointma~t o( ~ rece+ver es eforesaid ~nd hereby ezpce~sly oonsents t6at weh appointmmt sh~ll be m~b as an admitud equity snd ~s a matter of absoiute righ. w the ~~ortgagee and that the same may be ~lone ~sithout ootiee w the ~tortgsgor. ~(1 It forecbwre proceedings should be institutPd against the property coa~e~ed by thu mortgage upon ~ny other lien or cLim xhether ~Ikged to be superior or jw-~ior to tfie lien of this mortpge. the ~~atgagee m+y at his option imnxdistel~ upon institution o( such wit or during the pendmcy tk~ereot declare this mortgage and the :~ebtedness secure ~ hereb~• due and payable forthwich and may at ite opti~ pr~cee~ w foredose this moriga8e- ~ tg1 ThaL the ~tortgagor w ill keep all real and peru~nal propert~ nmv or he+rafur encvmbered by the lien ot this mortgsge inwred ~s m~y be required irom time to tune by the ~tntgagee against bcs br fim. windstorm and other hazards. casualties end cuntingencies for such periods and for not less th~n ~ wch amounu as may be required b~ the ~lortgagee and to pay promptly ~ch~e due aD prem:ums tor such ituut~nce. 7'he smaints of iwur~noe requiied ~ by the ~torgagee shaU be the minimum emaants tor ~hich said insurance shall be written and it shall be ic?ewnbant upon t5e ~tuZgagor to m~inNin surh addicional irourance u mar be necr~.wy to nxet aad cornplY fnllY ~`ich all co-insursnce requiranmts oontamcd in said polities to the ead t6~t the s~id ~tortgagor i~ not a eo-insura thereunder. Insursnce shai3 be wTitten by a comp~ny or companiea appro~-ed or ~ted bY the %Kurtg~8ee ~nd d1 P°'4' cies and -ene.~ds thveoi ~hall be held b~ the ~tortgagee. All detaikd designationa by the ~tortgagor w6ith are aocepced by che Mottgagee ~nd dl ages ments betv~een ~tortgagor and ~iortgagee relating to iiuurance. now ezisting or heceafter nude. shaU be in writin8 ~+?d ~hall be a p~rt ot tltis m~ortg~ge agreemeat as fdly ae thoug6 sec forth verbstim herein and shall govem both pvtien hereto and their wocessora and as~igns No liea upon any of ~id policies of insurance or upon aoy refund or retum premium which m~y be peyabk on the canceqation or tcminatia~ thQeot, ~hall be ~ven W otl~ th~n the ~to?tg~Kee, e:cept by proper endorsement affi:ed to such polic~ and appro~ed by \torigagee. Each policy o( inwr~nce shall h~ve af6zed theeeW a Stand~rd \e~r York 3tortgagee Clause w~ithout Contribution. rtuking all loss or {osees under wch policy p~Y~bk to t6e !Nortg~gee at its iater+eat may ~P pesr_ ln the event any wm or ~wns of monry become peyebk therouoder the alortgagee shall have the optioa to reoeive ~nd apply t6e ~me on ~cooont of the indebtedness hereby xcured. or to permit the ~lartgeg~x to roceive ~nd ax it. oT any part thereof. without the+sby x~iviifg or impairing ~nY e4ui' ti, lien, or ri~t under and b.• ~irtue of this mortgage. In event of bss or phyaital dwage to the mort~aged ptoperty the Mortgt~or ah~U give immsdiate a R ~29 PAGf~~~ ~ 8 . ~ _ - ~a~~:_ - - _ - ~sF~