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Home My WebLink About2641 i . ~ ) PROYIDED, ALWAYS, that if the Mortgagor shall pay unto the :~tortgagee the indebtednESe evidenced by a certain promissory note of wAich the followirtg in words and figures is a true copy to•wit: ~ ?1~i~t~~~u 7rit~ = 6.750.00 Fort Pierce, F~a;d, June 27, ' F()R VALUF. RECEIVFD I t°WY ~ ` ; to ehe ord~r ~t MILITARY 5ERVICES PROFIT SHARING TRUST ~ the pnnc~pal sum oI SIX THOUSAND SEVEN HLTNDR~D FIFTY a[ld 110 lO~GL!1RS. toaethe~ with intereal the~eon (tom date at the rate of ten petce~t, pe~ aonutn until maturity, both principal ~nd inte~at beiry~ p~y~ble in law(ul mo~ey u( : R th~ tlnited ~tate~ ~t 22~i4 Bi~eayne Blvd., A1i~mi. Florida. or at ~ueh other place as the hdders hueot nuy desianale in writina. i Pnncipal and ~etered pay~~le in iniullmenti n tollo~+~: ONE HUNDRED EIGHTY ($180.00) DOLLARS per month beginning on the 15th day of September, 1974, and continuing on the 15th day of each and every month thereafter until paid in full. TA~s ~ote may be p~ep~~d ~n whole or ~n put a(tet one year from the date hereot upon payment of a penalty equivalent ~o f~~•e percen~ of ihe D~~~~~Da! sum prep~id. f.ach in~tallme~l p~yment Fhall be cKdited (int on the interest due, and the remaindet on principal; and intr?r~t •hall lh~te- upon ~~ase upu~ the pnncipat so credited. Th~ m~kers and ~ndoratrs o( this nute futther a~rrec to waive demand, notic~ of non•payment and protest, and in thr ~vent uuit ,lull br brouRht tor th~ collcction hereut, or the aame h~s to be collected upon dem~nd of an attomey. to pay reasonable attomcy'F , (r~. (or making such cdlection. D~ferred payments beteunder ahall bes~ ~~tereat at the rate of ten pete~nt pe~ annum Erom maturiq until paid. Th~. not~ u acured by a mort~e of even d~?e herewith and is to be con~trued and enforced ~ecording to the li~rs o( the ~ ~~at~ ot El~rida; upon det~ult en the payment of principd andlo~ intcte~t Mrhen due, the whde sum oE Principat and inteast ~ ~rmainin~ unpaid ahdl, at the option of the holdcn, become immcd'u ly due and payablc. ~ ~~J-Y~~l' ~ /t ~~t-~c~i-c_c~ - (SE:AL) _ (SEAL) ~ ~ and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants of seid promissory 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: , 1~1 To pay e11 snd singu4r the principel a~ interest and oNer suma of money payeWe by virtue of said promissory oote and this deed, or either. promptlY on the days respectively the same eevereily becomes due. ` ; 1 b1 To pettrtit~otnmit or su![er no +aste and to maintain the improvements ~t at! times in a sute of good repair and con~3ition. and to do or permit W be ~ done to y~id pr~mi~es ooching that will alter or changr the use and chuader of said property or in any way impair or w-eaken the security of this I mortgage- Aad in caae ot the refusat. neglect or inebifity of the ~tortgagor to repair and maintain said property. the ~fortgagee ma}~. ~1~ i such repairs or uux the same to be made, snd ad~•ance moneys in that behalf. _ i ~ Iel To pey ~ll end singular tke tazes. assessments, levie~. liabiGties, and obligations of every nature on seid dexribed property eech and e~~ery w~hen due ~ and psyab{e according co law, beforr they become delinquent. aod to deli~•er to the Mortgagee oa or before 11arch 15th of each year tai roceipt~ ~ evidencing che pspmeat of ell lawfully impoxd ta:ee tor t6e preceding ulendar year: to idemnify the Mortgsgee ~pa? hi+ demand tor aU Wcea, as+ess ~ ments aod chuges that may be assesxd upoo chia mortgage on the iniebteduess secured hereby, and paid by the morgagee. without regard to ~ny Lw ~ herewtore enscted or haeaher to be enacted "vnposng payment of t6e whole or any part the~eof upon the :~tortgagee. ~ Idl To p~y aU and singular the eosts. charges and expenses. including Is~ryere' fees and sbstract cost~ reasonaMy incurred or p~id at any time by t6e ~ Mortgagee becauee of the failure on tAe part of the Nortgagor to perform, oomplp wich and abide by each and e~rery the stipiilatioa~, agreemmts. , conditioos end oovenaats ot eaid promissory note md this deed. o~ either, and e~~ery such paymeM stull bewr interest from date at the r~te ot tea 110961 ~ pa centum per annum_ Ie1 It ia further co~~nsated and aqreed b~• said parties that in the event of a suit being ~nstituted w(orecbse this mortgage, th: Atortgagee ahall be mtitled to apply at aay time pending such toreclosure suit to the oourt hsving jurisdiction thereof for the sppoinUnent o( s receiva of all and smgulsr the matgaged Rroperc~. and of ell rent~. incomes. profits. issues snd reveaues thereot. from w hatsoever aource derived: and thereupon it is 1~erebY e:p~essly rnveMnted and agreed that the Court shall forth.cith appoint such ieceispr +rith the LLsua! poxcs and dutie~ of reodven in like cexr and seid appoi~- ment eAall be m~de by the eourt as s matcer of euict right w the Mortgagee. and witbout reference w the adequacy or msdeqwcy of the vslue of the pro- - P~Y ~bY ~*~B~B'~~ or w t6e solvmcy or inaulvency of the ~fortgsgors or eny other party deie~ant to such suit. 7~e Mortgaaor hsteby apecii• ~ ially waives t6e right to object to t6e appointm~t of ~ receiver a~ aforeaeid and hereby ezpressly oon~eata that auch ~pQomtme~t ahall be msde as an admitted equity end as a matter ot absolute right to the Nortgagee and that the same may be done without notice to the Mortgsgor. ~ ~f1 I( tornclosure proceedings shou{d be insututed against the propertr cm•ered by this moctgage upon any oeher lien or claim xhether alleged to be superior or junior to the lien ot this mortgage. the !1lortgaqee may at his optioR immediately upon i~stitution of such suit or dtuing t6e pendency thereof x declare thu mortgage and the indebtedness secured herrby due and pa~ able forthwith rnd msy at its option proaeed to foreclose this mortg~ge. ~ 1 g171ut the Nortgagor w iU kerp all real aod personal property now or hereafter encumbernd by the lien of this mortgage insured as m~y be required from time to time by the Mortgagee against loss by fire. ~nndstorm and other hazards. casualties and contingencie~ for such periods and tor not lesa C1Ln ~ we4 amour.ts as msy be required br• the 1lortgagee and to pay promptly wha~ due all premiurr~ for ~uch insurance. 'Il~e emounts of insuranct required ~ by the ~torgagee shall be the minimum amounts tor which said insurance shell be w~ritten and it shall be incumbent upon t6e Nortgagor to maint~in sueD ~ additional in~urance a~ m~y be necessery to cr~eet and rnmply fnlly vcith all coinsurance requ'vements contained in said polidea to tMe end th~t the a~id ~ ~lortgagor is not a rn-insuror thereunder. lnsurance ~ha11 be arritten by a eompeny or oompanie~ eppro~red or dctignated by the Mortgagee and ~Il poti- ~ cies end renewals thereot shall be held by the Afortgagee. All detailed designetions by the Mortgagor w6ich are accepted by the Mortgagee and dl a~ree ments betviceen \tortgagor and ~tortgagee rel~tinq W insurance, now e:isting or f~ereafter made, shall be in writing and ~!?all be e part of this mortgage agreement a~ fully as thouRh set forth ~•erbatim herein and shali govem both parties he~eto and their sumea~ora and aasigns. No li~ upoa an~ of ~id ~ policies of insurance or upon any refund or retumpremium which msy be p~yable on the cancellatan or teemimtion thereof, ehtll be given W other than gagee, e:cept by proper endorsement af6:ed co such poGcy and approved by'Korgagee. Each policy o( in~ur~noe shall have affi=ed thaeto • ~ the \lort Stardard ~e~a York btortgagee Claux writhout Contribution, making all lose or lobses under wch policy pay~b{e to tha btortg~~ee ~s its intaest m~y ~P peu. In the event any wm or sums of money become peyable thereuader the Mortgagee akall have the option to reeeive and apply t6e same on aeoount ~ of the indebtedness hereby secured. or to permit the liortgagor to receive end use ii. or any pert thereof. ~rithout ihereby ~va'tvingor iinp~iring ~ny equi- ti. lien, o~ right under and by ~~rtue of this nwrtgaKe. In e~•ent ot bss or physical damege to t6e mortgaged propsrty the blortgagor shall give imm~di~te ~ . $ ~ BOQ!( ~O PAGf ~4~~ ~ ~ _ _ - _ - - - - _ ~ ~ . . _ . ..s._ ..zr.. . , ~ ~