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PROVIDED, ALWAYS, thet if the Mo~tgagor shall pay unto the Mortgagee the indebtednesa evidenced by a
certain promissory note oE which the tollowing in words and figures is s true copy tawit:
e ~ ~
s 4 325.00 _ ~ort Pierce F1or;d, Julv
20, 74 .
FOR V/~E~FiC~~,V~ promise tu paY ~
, to the ordet o( a wr'~ _
th~ pnncipal wm ot QOI.LA . totethet with intetrst
` th~reon twm date at the nte o( ten pe~cent, pe~ annum uetil maturiqr, balh pri~c~pd ~nd interat beinR payable in lawtul money ut
th~ United ~tatcs at 2241 Biac~yne Blvd.~ Mi~mi. Florida, or at wch othe~ place u the hdders henof may desi6nate in wrilin~.
Pnncipd aed intenat pay~sle ie i~uWlments a+i follovra:
NINETY ($90.00) DOLLARS per month beginning on the lSth day of -
SePtember, 1974, and continuing on the 15th day of each and every
month thereafter until paid in full.
Th~s note may be prep~id in whole or in part after one yeu from the date heceo( upon payment of a penalty equ~valent
eo f~ve percen~ of she pr~neip~l sum prepaid.
Each inrtallment payrrient shal) be frcdited fitst on the inte~est due, and the remainde~ on principal; and intrrr~t ~hall thrrr-
upon ~ease upun the pnncipal so credited.
Th~ m~kers and ~ndoners of thu note further ~tee to ~+aive demand, notice ot oon•payment and pmtest, and in thr event :wit
~I~all be dtouRhl fot the cdleetion heteof, or the ame has to be collected upon demand o[ an attorney, to pay ceasooable attorney'~
(rr. (or making such cdlection.
Detened p~ymentihereunder shalf bear interest at the rate of te~ petcent per annum fwm m~turiq until paid.
, Thi+ nott u ~ecurcd by • nwttpge of even date herewith and is to be con~trued and e~forced aceordin6 to the laws of the
~tate o( fl~xida; upon detault in the payment of princ~pal an~~ot ietuest when due. tfie whde eum o( prinripal and intetest
rrmaininR unp~id ~hdl, ~t the optiat of the holden, become imr..: di~telr and payaNe.
~~Z.TX~'1''~~''~--`~ 4~a~ ~'~cr~(SEAL}
^ (SEAL) I
and shell perform, comply with and abide by ~ch and every the stipulations, agreements, conditions and covenants
of said promiseory note and of this deed, then this deed and the estate thereby created shall cease and be null and void.
' 1. 'The Mortgagor hereby covenants and agrees: _
I ,~3. 1~1 To WY all aad singuLr tLe Principal and intenst and other sutns ot money ptyade by virtue ot s~id pomis~orY note and t6is deed. or either.
4 ~2; ! PwmptlY on the days respecdvdy che same severally beoomes due. .
J':
{ J~ Ibl To permit. commit or suHer no waete and w maintain the improveu~eate ~t all times in ~ state of good repair and eadition. ~nd to do or permit to be
i done W aid premien nothing that will ~Iter or change the use and characta of e~id propercy or in aay way impair or wreakea the eecurity of this
mortgy~s, And in qse o( the refwal. negiect or inability ot the ~Soctg~gor W repair and m~iotain aaid propertY• the Mortgagee may. at his opcion, m~ke
f such rcp~ire or caux the aame w be m+de• apd advance moneys in tdat behalf.
i', j eech and every w6en due
V i lel To p~y dl ~nd 9ngutar the taua, auessmenta. kvies. lia6ilitie~. end obligatioas of every nature on said described propertY
and payabk acoording w law. bcfore tMy becoax delinqua~t. aud to deli~a w the Mortgagee on or before liurh 15th of e~c6 year tu teoeipcs
~ ~8 ~ P~Y~at of all lawfully imposed taus for the preoeding ulendar ye~r: w idwnnify the Mort8~8~ ~P~ his demaod tor all ta:es. ~ssess
G~ me~ts ud clurges t6at may be ~axseed upoo this mortga8e on the indebted~aa eec~ued bereby, and paid by t6e morgagee. ~vithout regard to ~ny law
~ heretofore en~cted or 6~afta to be emcted imP~~B WY~t of the whole or any part tha'eot Won the MottB~B'~-
fZ.
~ j Id11b py all ~nd ~ing?ilar t6e caets. ehargee and ~penses. including Lwryers' tees and abetract aosu ressoaaWy incvrred or p~id at my time by t6e
U Mortgagee becaux oi the failure oa the part d the Mortgagor w pertorm. oomplY with and abide by each and evrry the stipulatioas. agreenwte.
w oonditiooe and oovenants of stid promi»ory note and thu deed. w either. sod e~rry eueh payment shell beer interest from date at the nte of tm 1109E1
~ per oentum per annum.
N lel It i~ further oovedet.ed and sSreed by said Partiea that in the event of a suit being iastiwted to forecioee thia mortgage. the Mortgagee sbdl be
~j auitled to apply st any time pending such foreclosure suit w the oourc having juri~dictioo thereoi for the apQointment ot a receiver of aU and singu4r the
~ ~BaB'~ ProP~*LY. and of all r~te. inoomes. psofits• iaeues and revenues thereof. from whaucever aouroe derived: a~ tbereupon it is he~eby espree~y
V cove~unted ~ad ageed that t6e Court yhall forthwith ~ppoiat such reoeiyer with the uwal po~ves and dutiss of reoeivas in l~e cues: aad said appoint-
~ meat ~ll be rn~de by tde oourt aa ~ m~uer of euid right to the Mortg~gee. and withont ref~ to tbe ~dequ~cy ar m~dequ~eY of tbe value of ths pro-
P~Y ~Y ~BaB~• or to the eolvmey or insolveocy ot the :1latg~go~a or any other p~rty detendant to such wit. 71ie Mortgagor herebY sPecif'
~ inlly waivea t6e right to objed W the ~ppointme~t of a reoaver es a[oreaaid and 6e~eby ezpressly ooosents that weh appaintment s1uU bs m~de as ~n
ln admitted equity and es ~ mstter of abaolute right w the Mortgagee and thst the ssme m~y be done without natice to the Mortgsgor. ,
e= ~
~tl I( forec{wurc proceedings should be insticuted sgaiosc the ~operty covered by this mortgage upoo any otbv li~ o~ cl~im whechv ~Ileged w be
~ superior or junior to t6e lien of thia mortgage. the Mortgagee may at hia oQt'an immed'utdy upoo inetitution of suc6 auit or d~uing the pendmcy thereot
declare this mortgage and the indebtcdnms ~ecvred he~eby due and payabk torthwrith and m~y aL its o p t i
o
n p
c o o e e d to fo~eeloee t6is mortgagn
~ now or here~Rer sncvmbercd by the lien ot thia matgage insured as m~y bs requi~ed from
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7 ut t h e Mortgagor ~ri ll k
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~ time to time br the Mort6e8ee ag~inst los~ by firr. ~oindatorm and other h~sards. caaualties wd oontingentiee ta suc6 periods ~nd for not kaa th~n
wch amounts aa may be required'oy the Mortgsgee and to PsY Proa'Ptly wdai due all premiums for such insunnu.llie emoante of insar~noe requ~red
by the Atorga~te shall be the minimum artaunts tor which snid i~uurance ahall be written and it slyll be in~vmbeot upon the Mortgagor W mainiain sac6
additionsl in+~ance ~s m~r be neoasary w meet aod oomplY [a11Y wit6 all eo-in~urarce requirana~e~ mntained in said policies w the end tl~t tbe s~id S
Mortgagor in not a oo-insuror tl+ereunder. Insurance slull be writta~ bq a oomp~ny or oompanie~ approved or deeign~ted by the Martg~~ee ~nd ~D poli-
cies and re~wda thaeot ahall be Ae{d by the Mortgagee. All detailed designatioa+ by t6e Mortgsgor wdic6 are acapted by the Mortgagee and d1 eBee-
menu betw~een Mortgagor and Mortgagee rdating w imur~ace. now ~isting or he~fter m~de. ~hall be in writing and a6a11 be ~ p~rt oi t~s mortgage
agreeme~. as fully a+ though xt (orth verbstim herein and shall govern both p~rciea hereto ~nd their suooesson and assigns. No lien upoa ~ny of s~id ~
policies ot insurerre or upoo aey retund or return premium wluc~ auy be Wyable on the c.~ncellation or tvminatioo thereof. ~6a11 be H~ven w ot6er th~n t
the Noregagee. except by proper endonert~ent affi:ed w auch poticy aod approved by Nortgagee. Eac6 poticy of insunnae shdl6~ve affized thseto a ~
Standud hew~ Yarlc Mortgag~e Aaux witMut Contribucioa. making all loss or loeses unde~ such policy psY~bls co t6s Mortg~~ee as ita intereet m~y aP }
pev. In the eveM aay sum or nun~ ot money beoome payabk thseunder tde Mortgagee sFull ILVe the optioa to receive wd ~pQhr tbs same oo ~toount I
of tde indebtedness hereby xcured. or w permit the Mortgsgor w receive and uss it. or any p~r: thereo(. without tAereby w~iviM ot imp~irin~ aoy equi'
ti. lien, or rigfit wider and by virtue of thu mortgage. In event of bns or physial d~mag~ to t6e mortgaged propertY tbs Murtga~or ~h~11 ~iw im~n~~u ;
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~ BOOK~~tiV PAGE2171
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