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PROVIDED. ALWAYS, that if the Mortgagor shall pay unto the Mo~tgagee the indebtedness evidenced by a
oertain promisaory note of which the followinR i~ wocds and figures is a true copy to-wit: ~
~!~!e~t~~~e ~et~
: 3 ~050 . 00 Fort
Pierce , F~a;d, July 3, 74 _
FOR VALUf. R~(:EIVED____ WE oint 1}~ and several ly, ~m~ w pay
to the orde~ of _ NAT FRIEDI`1AN -
the pnnc~pal wm ot THREE THOU~I~~'IF'~na n0 WI.L!?RS, to6ethet with interrRt
th~rew~ [mm date ~t the nte of ten perceet, pet ~nnum uetil m~turity, both pri~cip d ~n d intcrest b einR paya b
k in l a w t
u l m o ~ e y u(
ehe llnited ~tates at 2244 Biseayne Blvd., Miami. Florida, or ~t sueh othe~ plaee u the holders hereo( nur dai`n~te ie writinR.
Pnncip~l and intcrest payable in insullments u Idlo~+s:
"SIXTY-FIVE ($65.00) DOLLARS per month beginning on the tSth day of
September, 1974, and continuing on the lSth day of each and every
° month thereafter until paid in full.
~
Th~s note msy be p~epaid ~n whole or ~n part a(tet one yeat from the date hereoi upon payment o! a penalty equ~valent
to (~ve percent of the pr~neip~l sum prep~~d.
Fach in~tallment paymenl r.hall !~e c~edited Grat on the inter~st due, and the ~emainder on p~incipal; and ~nt~?e~t ~hall Ihrrr-
upun ~ease upun the pnncipsl so credited.
Th~ msk~rs snd ~ndweers of this notc (utthet a~et to voaive demand, notic~ ot non-p~yment and protest, and ~n lhr ~vent suit
.I~all b~ brouRht (or the collection hereu(, a~ the same haa to be colleeted upon demand ot ao attomey. to pay reaconable attomey~f
t~r. fur makiry~ aach cdlection
D~(err~d payments he~eund~r ~hdl bear interrst at the rate o( ten puecnt per annum [rom m~turity until paid.
l~hi. note ia acured by a mott(p~Re ot even date hercwith and is to be coostrued ~nd enfw~ced atcordin6 to the laws o[ the
~tat~ of Fl~uidr upon dc(tult in the payment ot prineipd andlo~ interest ~+hen due, tht Mhde eum oI pnm'~pa~ and intered
rrmiininR unpaid ahall, at the option of the holden, btcome imm~diately due and pa able~
. ~ 4 ~ 6~~' (SEAL)
i C .
J ,r - c t.c - - ` (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 aad the estate thereby created s:zall cease and be null and void.
1. 'The Mortgagor hereby covenants and agrees:
lal To p~y dl and wrgu4r the principal and interest and other sums of mooey WY~6ie by virtue ot aaid promis~orY oote ~nd this desd. or eitl~er.
Pro~Y oa the days re.~pectivd~ tAe same x~•enlly beaomee due.
1 bl To permit. comcnit or wffer ao wute and w maiotain tAe ~mproa•emeats at atl times in e atate of good repair and oondition. ~nd to do or Permit to be
done to esid p~emises nothing that will ~Iter o~ ctungr the use and cLuactc ot said propertY or in any way impair or weaken the ssc~aity of this
mortgsge. Aod in case ot tde rofusal. neg{eet or inabili~y ot the Slortgsgor W repair and maiatain said property. the'.?tortgaYee m~Y. ~t his option. make
~uch rep~i» or aux the same to be made. and advwae moneys in that behslt-
~ lel To pay ~11 and siugular the taxe.s. asse~ents. kvies. liabilities. and obligatioa~ of every oature on said desuibed property e~c6 aod every whm dus
~d p~y~bk accar}ing to law. before they become dainquent. ud to ddiva to tl~e Mortgagce on or before ~lareh 15t6 of e~ch year tu reodpts
~8 ~ P~Y~t of all lawfully impoeed tues fot tbe preoedio8 ule~dv Ytar: to idemnifY the ~llort8i6~ ~P~ his demtod tor dl tazes. assess
meocs and ch.rges c6at may be a~.xsaed upon tF~iis morcg.ge m che i~ebced,~ ~ee~ued haebr. and paid by the morgagee. .richout reg.rd w.~ law
6eretotore en~cted or hae~fter to be enseted imP~+oB WY~ o[ the whok or any part thaeof upoa the MortB~BK-
Idl To p~y all aad ringular the casts. eturges and ezpmees. inch.ding la~yers' fees and abstrsct oa+ts reswnably inevrred or p~id at wy time by tbs ~
:~Iortgagee beu~ue of the Eailure m the p4rt d t6e t~tortgagor w periorm. aomply with and ~bide by each and every the atipulatiom. ~roemmt~.
oonditioas and corenants of xid promiseory cwte +nd this de~sd. or either. ~nd every eucs p~yment sha=1 beu interqt from date at t6e r~te ot ten 11096)
per centum per anaum. '
lel It ii [urther oove~nced ~nd ~Sreed by ~aid P~rtie~ that in the eveM of a suit beiog instiwted to forecloae this mortg~8e. the MertBagse sha11 be
auided W~pply at a~* time pendin8 suc6 toreclosure suit w the oourt frying juri~diction thereof for the appointment of ~ recavrr of all aad siognLr t6s
~8r8'~ P~P~Y. aad of all rmta. inoome~. Profits. ia~uee aad revenues thrteot. fmm whataoever ~ouroe dptived: and thereupon it is beraby ezPte~el7
covea~ated and agreed tbat the Coart a}ull forthwith appoint su~h reoeivQ RiW ths usual pwcva and dutiea of rxeiveis io lilce uses: and a~id ~ppointr
ment s6a~ be made by ths ~vurc u a m~uer of stri~t right w tbe'~faitgagee. ud without refereoce W the ade~qu~cy or imdequacy of the wlw ot th~ pro-
Pa'~T ~PB~• ~ co the solveeey or ir.aoheocy of the ~lo~tsagon or ~uy otLer party defend~nt w nxh aat 'llw Mo~ ~rby ipsejt• :
inUy waives t6s riaht w objeet w tha appointmsit of a reoeiv~ u afore~id and herebY up~eaaly aoa+mta that wcL ~PPo~tmeot shaq b~ a~dn as an :
admitted equity u~d aa ~ matter of ab~olute right W the Mortgagee and t6at the ~ame m~q be done vitl~ouc °°~ice th° Mortg~gor. t
1f1 If Eacedoaute prooeediags should be instituted again~t the propc~ty coveeed by this mortgage aPoo anY other lien or t4im whethar alleged W be =
wperior ar junior to the lim of this moRg~ge. the ~tortgagee may at his opcion imn~di~tdy upon instit~ion of str.b suit or duting tbe pendmey the~eot
declare thu mRtgage and the iixiebtednes-~ mvred hereby due ~nd paYabk forthwith and may at its optiw proceed w fo~ecbx t6is mortg~ga. !
~ 1 g? That tde Alortgagor writi keep ell real aad perwn~l propertv now or heresfter encvmbeeed by t6e lien of this mortgag+insured as m~y bs requirod fran
~ time W time by tde btortpgee sgainst loas by fire. wind• and other Msard+. wualtiea and oontingancies Eo? suth peiods sod tar oot leas tLau
wch amounts u m~y be required by the Morcg~eee aod w~~_ promptly whm due aU premiums for wch insunnce- 7l?e amounts ot insur~noe iequued ;
by tLe Morga~ee ahall be the minirnum amounts for which said im~uance shall be writtm and it sMll be incumAmt upon t6e ~llatgagor to maint~in weh 3
additiorul ins~rance u m~y be aooeswy to meet aod aompt7 ta~y wiih dl oo-imuraace rcquirenenu oontsiaed in aaid pdieies w the md th~t the a~id ~
Mortgagor is not a co-insamr thereunder- Inwrance ~heU be wrritt~ by a oomp~ny or oomp~nies ~pproved ar d~aignated by the Mortda~ee and tll poli-
cie~ and cenewats the~eot s6~U be held by the 1lortgagee- All deteiled desi~etioa+by the Mortgagor wLich ~re acoepced by the Mort6t8ee and all agee'
rtsents betwem I?iortgagor and Mortgsgee ~ating to iasuranoe. oow ezi~ting or l~e~ft.er made. shall be in writing and ahdl be a put of tms awctgsg~
agreemrut ~s fuUy as tlaugL xt torth verbatim h+xan and shall govern both p~rties heeew and tlwir a~oonaors ~nd assips No tieo upon an~ of s~id :
policies of inwnnoe or upo~ any rrfucd or retucn prernium .?hieh en~y be p~y~ble on the canceUation or taminatioo t6aeof. slull be giveo to otlkr tpan ~
tl~e 5lortgagerc. euePt bY ProPa endorsement affized w such policy and approved by Mortg~gee- F.~ch potity oE insutanoe shdl i~ve af5~sd tLesto a
po '
Stacdvd New York Matg~~ee Aaux without Contri6utian. ~kio8 dl las~ or loesea under auch P~Y WYable to t6s Mo~tgagee as ~a iaR«+set ma~ ,
06
pe~r. ta tbe event any sum or nans of mooey bewar paYable thereunda t6e Mortg~ee slull have t6e option W reoeiae and ~p~p~lr th~ Mme ai ~ooo~mt ~
ot che indebcedness hereby xcu?ed. or eo pmnit ehe Mortgsgor eo recave and nse it. or any part tl,eeof. wntAwt thereby ~aiving at imp~irio~ anY eQm'
- ti. lien, or right ~u~der aad bp virtue of thi+ mortg~ge- Io event of bas or p6ysical d~m~ge to tbe moct~aged propact7 tLs D[ort~or shdl Ow imm~au
eooK~~ PACE2313
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