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PROVIDED. ALWAYS, ~hat if the Mortgagor shall pay unto the !~iortgagee the iadebtedness evidus?ced by a ~
cer'csin oromissorv note of which the tollowin~[ in words and Ei~ues is a true copy tawit: , ~
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: 2,850.OQ Fo~ rt Pierce, ~~,~,4 `$ust 15, t474 ~
FOR VALUF. RECEIVED WE,. j oint x and, sev.~.~.$?
~y4 Pro~"~ a P•y ~
to ehe ord~r a( _ Fi~TARD J SC F~L_AFFRR ~
~he principa! w~n ot THOUSAND EIGHT HUNDRED FIFTY and na~O~Dl.L!1RS, co~~hK M~~h ~~i~n.? ~
thercon ~wm date at the rate o( ten percent, pu ~nnum until nuturiq. b+~h pincipal ~nd ietcrat bcin~ p~y~bk in law[ul money nt ~
the Lnited ~tatu ~t 224t Bacayne Blyd., Miami. ~lorida. a~ at we!? other pl.ee ~he hdders hereo~ m.y des~nace i~ .~+~;~in`. :
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Principal ~nd inteaH payabk in imWl~aewts n[dlo~vs: ~
SIXTY-FIVE ($65.00) DOLLARS per month beginning~on the 15th day of ~
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October, 1974, and continuing on the 15th day of each and every month ~
thereafter until paid in full. ~
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Th~s nott may be ptepa~d ~n whole or in part a(ter one yeu ftom the date hereof upon paymeet ot a penalty equivaleet
to f~ve percent of the principal sum ptep~id. -
Each in~t:llment p~yment shall be cadited 6nt on the intettat due, and the temainder on prinsipal; and interr~t J+~I thrre-
upoo cease upuo the principal so credited. ~
Th~ m~k~ts snd endaners of thu note tutthe~ a~ce to ~+aive demand, notice o[ ~on•p~y~ncni and protsst. and in th~ eveet suit
,4ull bc b~ouRht tor thc cdi~ttan hereof, o~ ths nme has to be eollectcd upon demand oi an attorney. to pay reasonable attorney ~
frr. tor m~kint weh edleetion.
Deferred p~yments henundcr ahall bcu ietcrrat at the nte of tcn percent per annum trom matu~ity until paid.
l hi~ note is ~ecuad by ~ nwrt~e o[ even d~te herewith and 'a to be conatrued and e~forced accordin~ to the la~rs o[ the =
~t~te of Elrxids; upon de~ault in the P~yraent o( prineipd andlo~ intsrdt Mhen dne. the r+hde wrm of pnnci~l u+d inteeeet t ~
Kmainin` anpaid ahdl, at the optioo of the hotde~s, beeon~e imentdiately due and p~yabk; ~ ~ i~ 1~
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and shall perform, comply with a~d abide by each and every the stipulations. agreements, conditions and covenants
of said promissory note and of this deed, then this deed and :he estate Lhereby created shall cease and be null and void.
1. The Mortgagor hereby covenants and agrees:
1~1 To p~_r• aU uid singuLr the p.-i~xipal snd interest and other sums o: ma~ey payaWe br virtue ot said promi~~.y note aad this deed. or eit6et.
pro~tlY oa the day s respecGvdy the ssme xva.lly beaomes due_
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1 bi To permit. commit or suffer no ~caste and to maintain t6e imPr°`'~°'~°~s at all times in a atace of good repsir ana ^ondi V on- and w do °r Pen°'t be
! done to said pnmises nothing chat will aker or change the u:,e and chvacter of said pro{r.ny or in any way impair or weakm the sec~vity o[ t6is ~
4 matgage• And in ax of the refusal. neg{ect or iaahility of tLe 9fortgagor to rep~i~ end mai~ain ssid ProPdrtY. the ~lortgsgee may. at his optan. make ~
E such Kpain or aux the s~me w be made. an3 advance moneya in tdat be6df.
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o p~y all ~nd singulsr the ta~ces. assessaenta. kvia. iiabilici~. aad o6ligatan~ of e~~ery nature oa sai~d dexribed propercY escA aod z~'e7Y d~
~~ya~ ~g ~ 1aw, before the~ become deiinqvcnt. and to deli~~r co tbe Nortea6e'e on or beforr i?tar~h 1Sth ot ear6 year tas reoripcs
e~idenring the p~ymcnt of all lrwfully ia~oeed tua for the preeedina a4ndar ye~r: W~demnifY the Ato~tgagee upoa hii dea~nd for all tues. ~sse~
menta and clurgea tEat may be asaes.~ed upon this mortgage oa tlr irdebtedness eenaed hereb7, and P~id bY ~Le morSiSK. without regard to ~ny 4w
lrietofqre en~cted or haeatter to be enscced imposin8 WSment ot the wbole or any p~rt theceof upon the Atort8+~8~-
~dl To pay all aud singul~r the cosu. cherges and ezpenx~. including I~wyer~ fees and ab~trx_t ooste reawnsbly incurred or peid at any t~me by t6e
.yorcg~aee Eecaux of t6e Eailure on the p~rt ot t6e Mortg~gor co pertam. oomply with and ~bide by ach and every tde stipnlatioas. ag~e~ments.
ooadidoos and oo~~ea~nts of nid promis~or~ aote and tha deed. ur either. ~nd t~-ery such p~yment shall bev mte~eat from date ~c ths nte of ts~ 110961
per eeatum per snuum.
le! It is f~vtl~er mveuaoted u?d agr'eed bp aaid perties that in tt?e event of a wit being instiwted to forecbee this mort8ag~. tbe Mort8~8ee s~u b~
e~itled to apply at aay time pend~n8 such (oreclosure suit w the oo~ut hs~~u8 juri~diction tl~ere°f for t6e appointmeot of ~ receivrr ot sll ~nd amgu4r the
mort8+8~ ProP~Y. and of all rente. ineomes. ~ts. i~sues and rs~~eeues thervof. [rom whatsoever eowce derived: and thceupon it u haeby e:prea~l7
covaunted and ~grned t6at tLe l;ourt slull [orth~it6 appa_nt suc6 reoeivv with the ur:al po+ren and du.~es of re~.tive» ~n like cases: aod aaid appoi~
mmt s6aU be m~de by t6e oourt a~ a on~tur of strict ri8ht to tlr ~fatgagse. and without refaeoce w the adeq~eY ar ia~dequ~ey
of~ ~+~Y
Pa'LY ~Y o~ w the ~olvmcY or insalve~cy oi t:.~ Mort~agor~ ar ~ny other p~rtp defmd~nt W snch wit The M
iuUy wsives t6s rig6t to d>iect to t6e appointment oE a reoeivar sa ~ioresaid and Mreoy espress~y oooseots thac wch appointmeot a1W1 M msds u+n
•dmitted equity and as ~«utter d absolute rigM to the ~lortgage,e aca ciut tne sa.-ae may he done ~ithout notic s w t6e ~iortgagor.
- ~fl It torecloeure proceedings should be insticut.ed agaicut t6e prope:ty cQ rred by thi. nartg~ge upoo sny otl~ iim ar claim whether alleged W be :
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wperior or juniot to the lien of this mortpge. the ~fortgagee may at his optiaa iaunedutdy u{wn ia~titutioo of such wit or during tbe peadwn' th~~ ~
deciare this mortgage and the indebtednea+ secured haebY due and p~yab~ forthsith ~nd may at its optioo proceed W forecbx this mortgage. ~
1 g I That tae !Nortgagor ~ill keep aU real and personal propertY now cr haeaRer unaunbend by the lien of this mortgage inwred aa may bs req~ared (rom
c:me to time by the btorcgagee agairua foss by firr. wrindscarm ~rtd aher .Lsud+. casualtia ~.~d oontingmcies for such periods and for mt lesa th~n
such amounte u m~y be required by the'.?iortgagee and ta Wy PromPtly when due aa pcemiums tor susE inwnnce. 71~e ~mwnu ot ic~ur~aoe tequieed i
by tl~e Morgagce slel! be the minimum amounts fw wluch 9aid imuram shsll be ~ritten and it sAell be incvmbent u{r~n the Alortgegor to m~intain sueh ~
additiorul insuranee as mar be ~ary w meet ~nd comply ftil:Y xith ali coinsurance requiranmt~ oonuined in said policies to t6e aed tA~t tbe aaid _
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1:atg.~gor is aot a coins~uor thereunder. Insurance s.hail be .critten by a aomp~oY er wmpanies approved or desgaated'oy tbe Mortg~~yee and dl pdi-
cie~ wnd rrnewals thereof shal! be hek! by the ~lortgagee. All 3etai4d deaipatioas by the Mortgagor which are sootpted by the Mot:g~(te~e and dl age~
mer:cs between ~lortgsgor and ~iortgagee relaling tn im~uu+ee. now esieting or tw.~eaftv m~de. ehhall be in writing and shall N iisn uf ao
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agreement as [dly ss tha~g6 set torth ~•er~batir~ herein and shali govern botb p~ccies hcew and tt?ar wooes~ors and ae~igts P~ 7
policies of inwrance or upon any refund or return premium wtach m~y be p~yabk ou thscarceilation or tara~in~tioa t8aeot. ~htl~ be givea W oth~ tlrn
the Stortgsgee. eueP~ ~ P~PE~ endonecrnt affi:zd to suct Ero6cy and appcoved by ~tortgsgee. E~ch policy of imur~noe slull dve af6ud tLe~rto a
Standud \ew Yark Mwtgagee Qaux withau[ Contnbution. m~king ~I! bss a losxs unda such P~Y WY~bie to chs'.~tortgagee as its intereat ~r aF~ _
pev. in the e~~ent any wm ur swns o( ~ney become payable thereunder the ~iortgs~gee shaU have the option to recdve and ~pplr tde e~ms on Koount
- O~ lI1! llldlO~E'a~ll39 IMiPbY 1h1f~E'd. fX [O PElR7;t the ~iatgagor w receive and use it. ~ any p~r; tF,QeoE. wiibout thereby w~iviug or imp~irin~ an7 a4~'
ti. lien, or rigfit waer a nd by virtue of chis r.~ortgage. ln e~-ert of bss or physical dam~ge to the mat8~ed proPettY `We Mort~gor aluD give imm~di~te -
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