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~trta~n p~um~.~~~~~ m~t~ ~_•~I ~il~.h thr S,~I.,~.•;n~ ~r, ~:.i. ai:d li~u~r. a lru~ .~~{•v l~~•wit
~N~~~~ ~ Jul 27 74.
= 3 , 625 .00 _ Ft . Pierce , F~a;d. . ~ _
' FOR VALUE RECE1vED WE ointl~ and severall pro~aae apaq
eo ~h~ o~d« ot WILLIAM WIiENS an '
~ tl~e principal w~n of TH E ~ ' DOLL~IRS tosethe* with ieterest n
tl~ereon trom date at the nte ot tea perceet, per anauu~ until matueity, botb pe+ecip~l ~nd interat bem~ p~yabk ~n Iawlul moeey uf ~
u
the United ~tates ~t 2244 Biuayne Blvd.. Miuni. Fiotid~. ot at wch othe~ pt~ee a~ the 6ddets haeot a~ay dai6Mte in writi~. ~
P~ncipd ~nd intetc~t p~raWe in in~talla~tnb ~ tdlorr.
EIGHTY-FIVE ($85.00) DOLLARS per month beginning on the lSth day of
October, 1974, and continuing on the 15th day of each and every month
thereafter until paid in full.
Th~s note may be.prepaid m whole oc in put after one yeat fcan the date hereof upon paya~ent of a psnalty equivslent
~o t~ve percent of the pr~ncipal sum ptepaid.
~ach irrullrnent parnient shall be ctedited tirat on the intereat due. and the remai~de~ a? prineipd; and intrR~t :~hal) thrrr-
upon cease upw~ the principa~ so c~edited.
Thr m~kees and ~adoners of thw note turther a~ee to vaive demand, notice of non•payment ~nd pwtat. and in th~ event wit
~hall be brouRht tor the cdkctao heroof, or the aame Aas lo be eolleeted upon danand o[ an ~ttomey. to par «asonable attorney R
(er~ (or makin` sueh edketion.
' Defened parments hereunder ~hall beu inteerst ai the rate oE ten petce~t pe~ annum [wm m~turitp until ~aid.
7`hi~ oote N acutrd by a mort~e o[ c~?en date herewith and is to be conatrued and eatorced accordu~ to the laws ot the
~tat~ ot Fl~+rida; upon default in thepa
ynicnt oE principal andlo~ intuat whcn due, the ~+hole aum of pri~'~pd ~nd inteecd
~rmaini~ unpad ~~N. ~t the optioe of the bolde~s. bcconk ~nunedi~ du W
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(SEAL)
ar~d shall perform. cumpl~ N~th and ab~J~ hv each and ~:~er~ the st~nuiauons, agreements, conditions and cove-
nants of ~a~d promisson~ note and ~~f th~s de~S. then tL•i, .iee:! and thz estate theteoy cteated shall cease and be
null and void. '
1. The Mortgagot herebr c~~~enant+ an~3 axr~c;
la) To paY all and singu3ar [he ;v:~.~; ar.= :n:rrc-~ .en•i •:r.c: ,~r ~ u: m~~r.c~ payab:r bY tir~uc of sa~d prom~ssory note and th~s
deed. or e~ther. promptlY ~n t1e J~t~ +c.pc:t~:r:> .^.c .a~^' .r'.t:a;!•. !•ci:~r^c~ dur.
~ lb) To perm~t. commit or ,uiie~ r.~~ w,.;.r ~na ' ...s+~:s'^ :•~C<<,'.~•"r^t` e?: Si.T.tS ~n a siau ot good repa~r and cond~uon. and to
~ do a permU to be done i~, sa~d prr~-::~c r,e.r.,_ g`,a; +:~lur .ha hr a.r and chaucicr ni .a~d proptrty or m any ~aY ~mpau or ~
~•eakrn d+e sec~inty of this fLOfIljeF,f. ~'iJ :R :u`.f ! 1 .'c'~:l~d~. !1[g;•_:? i.~~ ~f the \tort~agur w rcpav aed mamta~n said proper-
~ ~Y. the \tortsaRre may. at h~s aptwn. make ec.t ce:.u; ..,,c~ :he .:+er ~e made. anu ad.ar.ce money. ~n that oehalf.
~ Ic) To paY all and ~~n6ular thc i]1t[~, d~~~.~•"^!1I., ~.dD:i::if~. 3i.~ i•^i!~cdu~,ns ot ecery nature on sa~d descnbed property cach
and every ~.hen duc ana payabic a.:~,i.`_in~t t„ t.,. ..re :~rv br,o:ac C[~tI1G1[i:'. 3'~d !o deli~e~ to thc Mortga6ee on or br(ore Narch
~ lSth ot eaeh yeu ~a~ receip:. r.idre.:r.~ ~hc ;3>-.rn• ,e ;T.:~7.~d ease~ ~or the prcced~n6 calendar year, to ~ndemmfy the
A1ori~a~te upon h~s dcmand iix e{i ~a~r., a..~.<°cr.~. nn, ,~s:gr. th bc ~r..cc~cd uM~n :his mortga6e on thc ~ndebttdncss a?.
cured Aereby. ~nd paid ny ^'~M'~teFr', r .r± r: scy 'aw i°~ret~~iorc :na.ted ,K h._ree(ter io be enacted ~mpoc~n6 ~ayment o: ;
i
th[ r~h01! ot any ~art thtrcof upor. +h% 11.~-7F.~gc'• t
(dl To pay all and s~nguler =.hc ~o~tti, .'argc. dr.d ~~c~. ;^c'.,~':~~~ la+~r.' icr~ and abstract iostc reasonably ~neurred or pa~d a~ ~
~ any umr by the \tort~aRcr t+ccqu-e ..f !hr fa~1„re ;.e:,•'.~ c!~' '`•r titor:gagor tu p?etarm, comp:y ~'rtA and ab~de by each and tvery the
~
€ st~pul~tions. agrcements, c.~~d~u~,n. ,~r.d ..:.reant. ~ .e,.: ~r„^~.~~rc n~t~ and th~. decC, or euher. and every such~paYment shall bear 1
mtcrest ftum date •t th~ rau o` trn t i i~- .~r,' ~ n ai •._rn ~
i
(e) It is turthu eovena.'=' and as+eed by sa~d part~ee ~he~ ~n the e~ent of a suit be~ns ~n~t~tuted to toreclose this mott~ase. Ihe ?Iwt• t
p~ee shall be eatitkd te •pply at any time pendi~~ such (orectosure suit to the court h~vins ~ur~sdicuon thereof ta the ~ppointment ~
of t receiver ot ~II and ~~nta~s~ the mo~~R~a~d F~aO«ty, snd of all rents, incomes, profits, iisues and revenues thereof, ftaa ~hatsoever
source deti~ed; aed thereupon ~t ~s Aereby expres~ly covenan[ed and _a=reed th~t the Cou~t sAall (orthrith ~ppoint ~uch recei~er vith
1be wwl powera snd dut~es of rece~~ers in lite c~ae.: ~nd sa~d ~ppointment shyll be made by the court ss ~ matter ef strict ri~At ~o
1he Mort~a~ee, and ~rithout retcrence to the adcqu~cy or ~nadequacy ot tAe vslut of the property hcrtby mort~a~ed, o1ZO the sol~ency
or iesolveney o( the Mwtp~ors or any other 9uty defendan[ to such su~t. The Mwts~~or hereby spec~hcally ~rsives the n~ht to object
to t6e appo~atnem ot a receirer a~ atoresa~d and hereby e:pressly cansents that such appo~nueent shall be made ~s ~n admitted eQu~ty ~
aed as a wtter ot absolute risht to the Matt~Ece ~nd that tht same may be done w•~thout notice to tee Morts~tor.
(t) If toreclosurt procee4in~s should be insti~uted ~~ainst the property covered by this mortµ~e upon ~ny other lien or cl~im whcther
alle~ed to be superia or jmior to the lien of this m«t~sse, the Mat~a~ee may ~t his option immed~~tely upon mstitut~an o[ such nuit
~,~~s,--', or durinj tht pendency tdereof declare th~s rnort6a~e •nd tAe indcbtednrss secured hereby due and p~y~blt fathrrith and may ~t its
option ptoceed eo forecloae this mats~se.
~ ?6~t t6e Mortp~ot v~ll ktep atl real and persoa~l property no+r or herea(ter cncumbered by the hen ot this matp~e msured as may
~ be required fros tia~e to ti~s~e by the A ort~o6ee •j~in~t Ioss by f~re, windstorm and other hazards, uswlues and canun~enc~es tor sucA
~ penods and for not leas tLan such amounts ~s m~y be requ~red by the Mort~a~ee and to pay promp~lY ~rhen due ~II premiums fa such
~ inauranee. The ~sounta ot ~oaw~nce requ~red by tht Morta~~ee shal: be the mir.~mum amounts (or wh~ch s~id ms~u~nee shall bt ~ntien
~ and it sh~ll be u~cumbent upon the A4ott~aEw to mamt~~n such add~t~a+al ~nsurance •s may be necessary to mtet and complY f~lly +~~th
~ dl eo-iasutanee requitements conta~neG in sa~d puhcies to the e~d that the sa+d Mort~a{or is not a co-insuror the~eunder.lnsurance
- ah~11 be rritten br a campaaY a comp~nies approred a des~dnated by the Mort~a{ee and all pol~cies ~nd renerals thereot sAal) be Atld
_ br tbe Mortq~ee. All de4iled desi`nations by the Mort~aeor ,ahich ~re accepted by the Mor~~a~ee ~nd all ~sreements betreen Mort~~~or
and Mott~~see relH~nE to ~nsur~nce, no: ei~sqn~ « Aereafier madc, ehal; be in ~rn+~n~ and sh~ll be a part o( tAis e~ort~~~e ~~reea~ent
„ r~ur ~s ~~ih set foetb rerb~um here~n and shatl tovern buth psrbee hereto snd their successon and assi~ns. No Gen upon any of
s~ld polieies of ~osurance a upon any refunC :e:s::. ~,:cr..:::- _r:t!: ~e; ~t :a:=b!• che csncell~tion a ~ermia~uon thereot, sA~ll
be ~i~en to other ~han the 61ort~e~ee, escept by proper endorsement a(fixed io such pol~cy and ~pprored py Ma~p~te. Eath policy of
iasYr~nte sAall Aave aff~aed t6ere~o a StandsrJ Ne+ York Morisasee Cl~use w~tAout Contnbution, enskin~ •II loss or losses under ~uch
polier p~yable to the Mortp~ee as ~ts ~o~ccu~ rtuy ~ppesr. In the event any sum a sunu ot money becoae p~yable thercunder the ~tort-
p~te sAall A~ve tAe opuon to rece~ve and •pply ~Ae s~me on account of ~he ~ndebtedness hereby secured, or to permu tAe Nnr~~sEe~
1o reeei~t sed use it, or snr part thereof, .~thoui tAereby wunn~ or ~mpunas any equity, 6en, a n~At under and Ay nrtuc ot th~.
~al~a~t. !a evenl of loss a phYs~cal damaac to the rnort~ased Rxoperty the Mortpsa shal) d~ve ~mmed~~te not~ce Ihercof by ma~l t.~
the Mottp~te and ~he Mor~Eaeee maY make o( In~< <t thr ~amc ~c not made prumptly by ~he Na<<a~a. I~evrm nf fure~ln.ure of
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' Bo~K 230 PAGf 2407
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