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Home My WebLink About0785 . ~ • ~ ~ , i PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the hlortgagee the indebtedness evider?ced by e i certain promissory note of which the following in worda and figwes is a true copy to-wit: ~~~L = 7,450.00 Ft. Pierce, ~~«~a- Tt.~ ~ 19 ~4 R(1R VALl1E RECEIVED We, iointlv and severally _ p~om~e co p~y ~o ~h~ aa« oc S~?DiE Kos~Nr r:iu the principal sum of S USAND FOUR Hi1NDRED FIF Slld NO 1Q~LLARS, togethe~ with interest thereo~ Irom date at the rate o[ ten percent, per annum until maturity, both principd and intecest being payable in lawiul mo~ey uf the United Statee at 2244 BiacaYne B~vd., Miam~. F~orid+. a at such other place as the hdders he~eof may designate in writing. Principal and intereat payable in insWlments as tollows: ONE HUNDRED SEVENTY-FIVE ($175.00) DOLLARS per month beginning on the 15th day of August, 1974, and continuing on the 15th day of - each and every month thereafter until paid in fu11. This note may be prepaid in whole or in part after one yeac from the date hereof upon payment of a penalty equivalent to five percent of the principal sum pre~sid. E'ach inatallment payment shaii be creditcd tirat on t!x enEe~est due. and the remainder on principal; and interest shal) thrrr- upon cease upon the principal so credited. The makers and endoraers o[ this note tuKher agree to waive demand, notice of non-payment and protest, and in the event suit :I~a11 be brought for the collection heteof, or the same has to be collected upon demand oE an attorney, to pay ceasonable attorney's irr~ ior making such collection. ' De(erred payments hereunder shall beu interest at the rate o[ ten percent per annum from maturity until paid. This note is ~ecu~ed by a mor~$~$~ of aen date herewith and ia to be conatrued and enfocced according to the lawa oE the ~tate of Florida; upon default in the payment of principal andlor interest when duz, tl~e whde sum of pnncipal and interest ?emainin6 unpaid sha11, at the option of the halde~s, become immediately due and payaWe. Jesse Williams (SEAL) n-~~ 4Ii 11 i ~mc (SEAL) P+repucd by SPiekt dt Tendrieh. Attorneya - 2240 Bi~a~?ne Blyd.. Miaroi. Florida and shall perform, comply with and abide by each and every the stipulations, egreements, conditions and covenents t 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 Mortgagor hereby rnvenants and agrees: ' la! To p~y aU and w~gular the prindpal and interest aad other sumi of nwnry payable by virtue o[ said promisaory note and this deed. or ather. ~ prom~tly a? the days respectivdy the eame sevvally beoomes due. 1617b pcrnut, commit or suHer no waste and to maincain the improvements at a1l times in a ata[e of good repair and condition, and to do or permit to be f : ~ dooe to eaid prmnisea nothing that w~ill aher w change tt~e use snd clurader o( said ProPertY or in any xay impeir or ~vealcw the security oi tAia { mortgsge And ia ax of tbe refusal. neg{ect or uubility of the \lortgagor to ~epeir a~i maiatain said property. tAe I1lortgsgee may. ~t hi~ opcioq make E suc6 repain w eawe the same to be made. and ad.•ance moneys in that belislf. ~ Icl To pay all and singular tbe taaes. ass~sments. levies. liabiGties. and obligations of e~rry neture on said de~cribed prope+rty each and everY when due ~ and payable accordin8 to law. before they become delinquent. ard to deliver to the Nlortgagee on ar before ~iarch 15t6 of each year tu receipis evide~cing the payment of eU Lwfiity impo~ed ta:es for t6e precedin8 ulend+r Year: idemni~' the Alortgagee upon his demand for all tues. ~seess ~ meots and clurges that may be asxaeed upoa tt~is mortgaBe on the indebtedoes~ secured heieby. and paid by tbe morgagee. without regard W~ny law ~ heretofore eaeeted or haeetter to be et~acted imposinB PaYment ot the whoie or any part thercof ~~c?n the AiortB~gee. ~ Idl To paq dl and singular the costa. clurges and e:peaxs. including 4~cyers' tees ~nd abstraet aoats reasomWy incurred or paid at any time by the ~lortgagee becaux of the failure on the perc of cne ~iort~qsgor w perts,~n. r•sa:~ly wisls a.~d sbid~ by eec6 and evefy the stiQul~tioas. a~eements. oon~tions and covensnts ot anid promisson iats and thu deed. or either. and e~•ery wch payment shall bear intereet from date at the r~te oi ten 110°~61 per centum per snnuai ~ lel IC is further oovenented and agreed by said parties lhat in the event of a suit being instituted to (orecbse chis mortgs8e. the Nortgagee aha11 be entitled to apply at ang time pendin8 such fomclosure suit to the murc havin8 ja~sdiction ~kre°f for the appointment of a receiver of all and singutsr t6e ~~B~6~ P*~Y• and of ell rent~. inoomes. Profits. issues and re~enues thereot. trom whauoever souree derived: and thereupon it is 6ereby e:presely coveoanted and agreed that the Court sha11 forth~rith appoint such reoeiver with the wual powae and dut~s oi reoeiven in like uses: and aaid appoint• ment sh~ll be mede by the oourt e~ ~ matter of strid right to the Mortg~gee. and wichout cefaence to the adequacy or insdequ~cY of the value of the pro ~ P~Y ~bY ~B~B~• or w the eolvency or insolvei?cy of the Mortgagon or any other party defendant to sucb suit. 'il~e Nortgagor hereby specif• iapy .raive~ t6e right w objeet to tbe appoinunent ot a reoeiver as aforesaid and 6ereby ezp~essly oonsents that suc2? sppointment sliall be m~de as an admitted equity and as a matter ot abeolute right to the Mortgsgce and that the aame may be done withaut aotice to the'.?tortgagor. ~ Ifl It (oreclwure procredin8s shauld be instiwted aganst the property cm~ered by thu mortgage upon aoy otha tien or cLim wrhetMr alleged to be ; superior or junior to the lien o( this mort~ge. [he 1lortgagee may at his option immedutely upon institution of such suit or during tde pendency th~xeof declare this mortgage and the indebtedness secu~ed heiebY due and payable forthwith snd msy at ita option proceed to toredose this mortgage- { rt now or heceafter encvmbered by the lien ot this mortgage insured u m~Y be required from t Ig111ut the:liortgagor wilt keep all real snd personel ProPe Y ~ time co time by the Mortgagee against loss by fire. ~rind~torm and other hasards. casualties snd coociugencies for such period+ and tor aot Iw th~n ~ ' auch amounts as mey be requ~red by the Mortgagee and to WY Promptly w~hm due all premiura+ tor such ir?aunnca 71~e ~mount~ of insuranoe ~equired y': by the ltorga~ee shall be the minimum amounts for ~rhich said imurance shell be written and it sball be incumbrnt upon the Atortgagor to m~inuin ~ additiooal ia+~~ace ss m~y be oeoeswy to meet and complY (ullY with dl oo-insurance cequirements oontained in said polidea w t1x etd th~t the s~id Mortgagor ie not a eo-insnror thereunder. Insursnce ehall be wriuen by a company or oompnnie~ ~ppmved or deeign~ted by tl~e Mortg~gee and all pd1- cies and reaewals thereof shall be hekf by the ~lortgagee. All detailed deeignations by the Mortgagor whicd ~re acoepted by the Mortgsgce and +U a~ee- ments between :~tortgagor and ~tary~gee rel~ting W iruurance. no~v esisting or here~fter made. s6a11 be in w+riting and ahall be a p~R of tdis mortga8e agreemeM, as fully as thoug6 set (orth verbatim herein and ahall goeern both puties k~ereto and thar auoxs~on ~nd assigna. No lien upoo an~ of s~id policies of insurance or upon any refwid or return preinium wh+ch may be Wribk on the cancedation or terminetion theteof, shaU be givea W other th~n ~ ' 1be 1~(orcgagee, ezcept by proper endorsement a(fi=cd w such policy ~c~d approved by ~tortgagee. Each potity of insur~noe shaU Aave affized tLereto a ~ Standud hew Yorlc Mortgagee Clau~e without Contribution. malcing sll los~ or losxs under such policy psYabk to t6e Mortg~gee ~s its iMeest maY ~P pesr. In the event any sum or ~ums of money beoome pay~b{e thetander the Mortgagee ahall have the optioa to receive ~nd apQly the ume oa atoount of the indebcedness hereby secured. or co permic the Nortgagor to receive and ux it. or any p~rt thereof. w~ithout theoeby waiving or impairio~ wY ~9~' ti. lien. or right under and by virtue oE thu mortgage- In e~~enc of loss or pi~ysical dam~ge to the mo~tB~B~ P~oP«~Y tbe Mortg~g~or ihaU giv~ immsdiat~ so~~ 230 PA~E 7'85 . ~ . ~ ~ - ~ , _ _ _ ~ ~