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Home My WebLink About0161 ' PROVIDED, AL.WAYS, that if the Mortgagor shall pey unto the Mortgagee the indebtednesa evidenced by s cartain promiseory note of which the following in wotda and figwes is a true copy tawit: f , ~JC•~~j~t ~ 'J~st~ • s ~,n5n.00 Fort Pierce, F~a;d, July 11, 74 ' ~ ; Fott v~t.UE RECEIVED _ F1~_jointly and severall , - ~om;K coP,y ta the orde~ of ERWIN W TERS AND BARBARA WATP:IZS H15 1N 1r G - the pnncipal sum o[ THREE THOUSAND FIFTY SR RO 1 DOLLARS. to6ethe~ with intenst the~eon trom date it the nte ot ten percent; pet ~n~urn uotil matutity, both ~rineipal ~nd inte~t bein~ pay~dk in lawtul money ut th~ Un~ted States al 2244 Biacarne Blvd., Miami. Fiorida. ot ~t wch othe~ place a~ the holden heeeof may desi~?ate in v+ritin`. Principal and inteteat pay~ble in in~tallments a~ [dlow~: • SIXTY-FIVE ($65.00) DOLLARS per month beginning on the 15th day of September, 1974, and continuing on the lSth day of each and ~ every month thereafter until paid in full. M i ~ TA~s note may be prep~id ~n whole or ~n put a(ter one yea~ from the date hereo( upon payment of a penalty equrvalent to five percent of the pr~ncip~l sum prep~id. - E:ch in-ta!lt~rnt pay~nsen! ~a!1 ~t ~rldited l~~t on the intrre~t due, and the rem~inde~ on pnnciQal; and intr?r~t •haU thrrr- upon ~~ase upun lhe pnncipal so c~edited. Th~ m~ken and ~ndonen of this note turthe~ agree 1o w~ive dem~nd, not~ce of non-p~rment and protest, and in thr ~vent wil .lull br brouRht (or the collection hereot, or the same has to be collected upon demand o[ an attorney, to pay reasonable attorney'~ frr• for making euch collection. De(erred p~yments hereunde~ shdl bear intcrest at the nte ot ten pereent per annum [rom m~turity until paid. 1'hi, note ie ~ecuKd by a mort~e oi even date herewith ~nd 'u to be construed a~d enEoteed accordin` to the laws o[ the ~tat~ of Fl~xida; upon de(~ult io the Payment of p~ncipa! andlo~ interat when due, the whde rum ot pnncipal and intereet ~rnuming unpiid shdl, at the opdon ot the holden. become immcdiatcly due and p~Yable. ~ s , (SEAL) J \ ~ L~~-~-,..~t' C.'.~s~,......~-~` ~ (SEAL) - ~ ~ - ~ and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promisaory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. 1. The Mottgagor hereby covenants and agrees: ~ ~ 1~1 To pay sll and singu4r the principal aad intereat and other swne of money psYable by virtue ot s~id promi~sory oott aod this deed. or dtha. promQdy on the days respectively the same xv~ally beoomes due. 1 bl To permit. com~ut w suffer ao waste and to maintain the improvements at all times in a state of good repsir and condition. ud W do or permit to be done eo s~id premises nothing that wrill alter or change t!?e use and chuaaa o! xid PropertY or in ~ny w~y impair or weaken the security of this 'i mortgage. Aad ia ca~eof t6e refusal. neglect or inabifity o( the Mortgagor to repeir aad maini~in said property. the Afortgagee may. at hi~ optioa, malos i such repain or pux the ~eme to be made, and edvance moneys in that beh~tf. ~ I t Ic17b psy all and singular the taus. assessments. levies. tiabitities. and oblig~tions of every nature oa eaid dacribed properey e~cb u+d every ~rhm due ; and paysAle according W 4w, betore they become delinquent, aad to deliver w tl~e :1lortgagee on or befort \Sarch ISt6 ot eat6 ye~r tu reoeipts ~ evidencing t6e payment of all Lwfully impa+ed taze~ (or the preceding calendar year: w idunnify che Mortgageevpon hi~ dec~ad f~ aU taus. ~sss~* s ments and d~uges tFut may be as~esaed upoa this mortgage on the indebtedness aecured hereby. and p~id by the mwgagee. witMut .vd w~ny law ~ hereWforo eoacted or hae~fter to be enacted impoaing payment of the whole or aoy p~rt t1x~rEwt uEwn the Mortg~gee. ~ Id? To pey tU and singular the casts. charges and e:pen~es. including 4wyers' tees and sbsuact oo~ts re~sooaWy in~vrred or p~ie ~ ~ sim~s by the Mortgagee because of the tailo?e on the part of t6e Mortgigor w per(orm. oomply with and abide by esch ~nd e.~ery the stipula? r. agre~ts. ~ conduioos and eovenanta of asid promis~ory no~e and chiu deed. or eitlier. ud every eueh.p~ymrnt stwi{ tau iniereu trom dste at ilse rata ai Lea I!0"~: ~ per ceatum per annum ~ f lel It is turtiw oo~~enented-9nd agrecd by ssid parties that in the rvent of a suit being instituted to foreclox this mortgage, the ~lortgsgee shall be ' entitled W spply st any time pending sueh toreclosure suit to d~e eourt having jurisdiction thereot for the appointroent of ~ receiver of ~11 and siogul~r tbe ~ ~~6a8~ ProP~Y. u~d of a11 rents. incomes. Profits. issues snd revenues thereof. tmm ~vhatnoe~~er eouroe derived: and thereupon it is Aereby ~pressly ~ covenanted and agreed that the Court shaU forth~vit6 appoint such rcceiver with the ustul powras and dutiw oi recevers in like cases: and aaid ~ppoia4 ment shell be made by the court ~e ~ mauer of etriet right to the Mortgagee. and wit6out refamce w the adequ~cy or in~dequacy ot tbe v~lue ot t6e peo- ~ P~Y ~bY ~BaBed, or w the eolveacy or insolvmcy of the Afortgagora or any othu psrty deknd~at to sue6 suit. '!be Mongaaor breby ipseif- iaUy w~aivea tlie right W object W t6e eppointment of s neoeiver ae aforeaaid sad duaby ezpreasly ooneenu that wch appointmaot slyll bs m~d~ u~u ~ admiued equity and as s matter ot absolute right to the Mortgagee and t6at the ssme m~y be done without notice to the Mortg~gor. - ~ If? lf (oreciosure proceedings sAould be insiiwted against tbe propercy covered by thie mortgage upoa any othe~ lien or claim w6ether aqeged W be superior or junior to tAe lien d thia mortgage. the'.1lortgagee may at his optan immedi~tely upoa instiwtion of such a~tit or dtuing We pendmcy t}~ereot declare thi mortgage and ~he ~ndebtedness xrured hereby due and payable forthwrit6 and may st ita option proceed to forotbee this mortg~ge. , Igl That the ~fortgagor w ill keep all real aod personal property no~v or here0fter encumbered by the lien of thi~ mortgage iasured u m~y be required fram ~ ie . time to time by tAe ~lortgagee against ioss by fire. windstorm and other hezard~. ca~ualtiea and contingencie~ tor such periode snd for not leas td~n ~ ~ such amounts s~ rtay be required by the AiortBagee and tc' psy promptly w6m due a8 premiums fw such ineunnee. The ~mounts of inaw~noe requi+ed ~ by the ~torga~ee skull be the minunum emounts fw which said imurance shall be w~ritten and it shrll be incumbeat upon t6e Mortgagor w m~in4ia aue6 F> addition~l iasurance u may be t~ecessary co meet and oomply fiilly with dl oo-inwrance requirements oontained in eaid policia to the end tlrt the aeid ~ Mortgagor is not a oo-in~ura chereunder. Insurence ~hall be writtea by ~ compeny or oompanie~ epproved or de~igrated by the Mortga~ee ~ad all pd'r cies and renewals thaeot shall be held b}- the ~forcgagee. All detailed deaignatam by t6e Mortgagor w6icA are eccepted by the Mortgagee ~nd dl ~ge~ ~ menes betwren 1Sortgagcx and Mortgagee relating to imuronce. now ezisting or heieaher a~ade. ahall be in writing aad ~hall be a p~rt ot this martg~ge agreemeM es fully e~ thougL xt forth verbatim herein and shall govem both partie~ hereW and their suooes~ore and aeaigoa. No lim upoo any of said ~ policie~ of irounnoe or upon,~ny refund or returo premium which may be p~yable on the cancellation or termin~tion il~deot, ~FuO be give+o W other tltin ~ the :Nortgagee. e:cept bY proper endorsement alfi:ed W such polity and approved by yortgagee. Eath policy ot insur~nce slWl h~ve ~f6ud tl~eW ~ . Stard~rd New Yo?k ~longagee Clau~e w~ithout Contribution. rn~king all loe~ or losses ursder auch polity paYable to the Mortgagee as its interest tn~y ~P pear. In the event ~ny sum or iwns of money become payebk thereunder the Mortg~gee siull have tbe optia? to reoeive and apQly th~ pme on ~caoant ; a; of the indebtedness hereby xrured. or to permit the :Hortgagor to receive and ux it. at aoy part theraof. witMut thereby w~lving or impairing a~ aqni' ' ~ ti, lien, or right under and by ~~rtue of th~ mortgage. In event of bas or physitat dam~ge W the mort~~ged pmpxty ths Mort~or sha11 Qive imtw~N~ ~ ~ ~ n BOOK ~JO PAGE 161, • .w,~ ~ - - - - - ` - . : r ,__.d,~.~ ~