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Home My WebLink About2577 . PROVIDED, ALWAY3, that if the Mortgagor ahaU pey unto the Mo~tgagee the indebtedness evideaoed by a oeruip promissory note of which the following in ~vorda and figures ia a true copy to-wit: ~4'7~ ; 3 2,775.00 Fort Pierce, Fk~rida October 5, 74 t11K ~':~I.l1F NE:CF11'F.1)_____ I P~omi:c tu pa. th~ urdrr o( ._~T _ FRIEDMAN at1c~TILLIE FRIEDMAN , i~ wif e e~ 1 ~ principal •um u( ~Q_THQ~I,~AI~~L,SF~~N HLINDRFD SE~~NTY-FT VE aildUUl.I:AK.ti, togeth~r with inte~~~t ~ Ihe~euo irom date at thr ratr uf tro E?etcent, prt annum unlil maturity, both principal and i~~tereat bei~g payablr in (aw(ul mon+•~ uf ih~ l~nited ~tatr~ at '='~~L Bi.K•aynr t31~d., ~iiami, Florida, ix at ~uch other place as the hulders heroo[ may designate in writing. Principsl and intere~t payable in in~tallmentu a.c foHuws: _ SIXTY-FIVE ($65.00) DOLLARS per month beginning on the 15Ch day of December, 1974, and continuing on the 15th day of each and every month thereafter until paid in full. ~ This note may be prepa~d in whole or in part after one year from the date hereo( upon payment of a penalty equivalent tu riklit prrrw~t uf 11~~ prin~ipal ~um prr~+aid. . f:ach in•tallmrnt paymrnt ~I~all be creditrd fir.t un the interest due, and the remainde~ on principal; and intea~t shall tli~•n•- u~N~n ~ras.• upun thr principal u~ ~•rrditPd. 'fl~r maken and ~•ndunrn uf thi~ nutP (u~thrr a~re to waivr drmand, notice o( nompa~•ment and prot~t, and in thr event ~u' -hall I~r bruught [or tlir ~•ull~•ctiun hereof. or thr same has to be collected upon demand o( an attorney, to pay reasonable attorney ~ f+• lur maki~ wch cullrcliun. - 1)~(~~red paymrnt~ henunder ~hall b~ar int~rrsl at the nte o[ ten percent pe'r annum (rom maturity until paid. 7'hi~ ~ot~ i< <ecured by a morlga~~ of even date hcnwith and is to be construed and enforced according to the laws o[ the : alr o( Plorida: upon ek(ault in the pa} ~nt of principal and/or interest when dut, the whole sum of principal and iMeresl rrmaininq unpaid ~hall, al the option of th~ holderr+, become immediately ue and payablt. ' ~ ' (;Er~L) . (tiEAL) P?ep.r~d by ~p~ek~ d Trndrirh. Atlomtys - 2240 Aiscayoe 81~d.. Miami. Flarida and shall perform, oomply with and abide by each and every the stipulatione. agreements, conditiona and covenants of said promissory nate and of this deed, theaa this deed and the eatate thereby created ahall cease and be null and void. 1. The Mortgagor hereby oovenants and agrees: 1~11b pay all and singular t6qprintipal and iaterest ~nd other sums of moneY WY~ bY virtue of said promissaY nots and this d~ed, or either. PromPtl~' aa the daYs raepectirdY the same sevv~lly beoomes dae- - Ibl To ps~ait. eammit or suffer ao waste ~nd w maintain the impcovea~ents at aU times in a atate of good rep~ir and eaditioa. and w do or permit to be ~j do~s w a~id pamiaes nothin8 that will aher ar ctun~e t6e use aod ctrraetis of nid propertY or in any w~y impair or weaken the set~ity oE this ~ mortg~ga Md 'm use of t6e refuaal. oeglect or imbiGty d tAe Mortgagor to rep~ir and maintain said pro~rty. t6e Mortgagee may. ~t his option. maloe sue6 repairs or ause the eame w be mada and advanae moneya ia t},at beAdf. Icl To pay dl uid singutar the tazes. assessma~te. kvies. liabitities. and obtigatioa~ of every nature on said de~«ibed PT~P~Y esch snd every w6m dus ~ sod p~yaWe aeoording w Lw, before they become delinqumt. a~ to deliver w che M°rtg°gee °r befae Mar~h lbth ot e~ch ye~r tu rooeipts ~6 ~ P~Y~t of all l~wfut~y imposed tues for the preoeding calendar year to idemaifY t6e Mortgages upon his ~ fot all t~ne~. assertr ments a~ e~rgp thal m~y be asae~ed upoo thi.+ mortga8r oa the indebtednesa eee~red haebY. and P~id bY t6e morgagee. wit6out ngud tsi aqy law MsWtare emtted or 6ere~ker w bs enseted imP~DB WYmeot ot the w6ale or any pvt the~eot upon the Mat6~gee- Idl To p~y all ~nd aingular the oosts. charBee aad ~speneea. including L.vyers' teee ~nd abstnet ooau reaaooably in~vrred or P~id a~' ~e b!' Mortgagee bea~ue of the failure m t6e part of tbe MoRg~gor to perfarm. aomplY w:th and abide by asc6 ~nd everY c6e stipulatiuns. ~eemmu. coo~tioos and cmYa~nt+ of said promissarY note and this dead. or eid?a. and every such p~ymeM shall be~r interest from dace K the nte of teo 110941 p~ oentum per ~nnum. lel It is f~uther oovemnced and a8*eed by ~sid Puties that in the event ot a suit being indtiwted w foreclose this mort8s8e. the MortBegee sd11 be mtitbd W~pply at any time pending suc6 foreclosure suit w the oourt having jur~diciion thereot fa~ the ~ppointanmt of ~ neoeivar ot all and singuLr tM ~B~ W'oPa~Y. aud of dl renta. iaoomes. Prafita. iasues aad revenues tbereot. irom whatsoev~r aoura derived: and t6ereupon it is 6teby eiPresdr coveoanted ~nd a~esd tluc t6e Court slull forthwiW appoint s~~ch rcoeiver with the usual powas aiuf duties ot reosvers in L7~e casrs: ~nd s~id ap~poi~. ment ahal! bs msde by t6e court aa a m~tter ot striet *~Bfit w the Martgagee. and wit6out rofereoos w c6e adsq~cy ar iaadeqa~cy of the valw of t6s pro- P~Y ~Y ~6~~ or to We edve~eY or insolvwey d the Matgagore or ~or otl~er p~rt~ ddend~nt w wch wit. 'lbe Moctgagor hetebY spedf- iuUy waivas tb~ ri~t W objeet to the Rppointmmt of a rooeiver ~s aforesaid snd he~eby e:pee~lY aoaseots chat weh appoinimant shdf bs m~d~ u m admitted equity and a~ a m~tter of abeolute right to the Mortgagee and that the a~me m~y be done withoat notioe w the Mortg~gor. Itl It forec3osute prooeedin6~ s6ould be instituted ~gainet tbe propertY coversd by this mortg~ge upon anY other li~ ar c4im whetht aUsged to bs ~ wperior ar junior w t6e tim of this mort6~8a the tWortgagee may at his option immediately upoa in~titatioo of suc6 suit or during t6e p~admey the~eof decLre tAls mat8~ge and the indebtednes~ secured 1?eeeby due aod payable (orthwit6 a~ may at its option proceed w[areelose thi~ mortg~ge. ~ ~ 1 g111ut the Mortgagor xill keep all ~eal and pereon~l P~WxrtY oow or he~Ra ~ncumbet+ed by tt?e lien ot this martg~ge ia~uted us may bs required fram time to time by t6e Mortgagee agaia+t lo~e by fire, windstorm and otlbr h~zud+. casualties ~nd oontieaencies fur sucA periods and tor aot {w th~n ~ wch amounts as may be requi+ed by the Mortgagee and w W~ promptlY w6m due aII p~eminms for s~xh insurance. 7T~e aa~wnts of iawraooe req~ird ~ by the Morga~ee ehdl be tbe minimum smounta for ~vhic6 ~id imurance shall be writt~ and it sAall be ine~wbent upon the Matgasor to m~int~in weh ~dditional im~r~~e ~s mq be neoeasary W nbet ud rnmQ1y fiil1Y with all oo-insuru~ce requir~~eau oontained in said polities to tM eod t6~t the s~id ~ Mortgagor is mt ~ oo-ineuror tl~ereunder- [ns~uanoe shall be writiai by ~ comp~ny or aomp~niss approved or designated by ths Mo~tg~~es and d1 Pdi- cies and renwds thereof shall be MJd by the Mortgagee_ All detaikd desigoatioos by the Mortgagor which are aecspted by the Mortgagee ~nd aU ~ges . ments betwea~ Mortgagor and Mortgagee cdating w im~uance. naw e:istinB or he~eatter made. s6all bs in writing and ehall be a p~rt ot thi~ mo~tgap ~ agieement as fuUy as thou~ set forth verbatim 6«ein aod sh~ll govern both partiea haeto wd their wocessors ~nd assig~?s.• No lieo apon ~r of said ag pdicies ot imuranoe or upon anr refund or return pre~nium whieh ma~ be p~yable on t6~.eance~tion or termiwtion theteoE. shall bs ~vaa to wl~er th~n J che Matgagee. eiceP~ M' R~~ endoroanent sffi:ed to auc6 potieY ~ iPProved by :?iortgsgea Each poiiry of ineuranos slvll h~ve af5~d ehreto a Standard New York Martgagee Qaux witAout Contributian. m~in8 sll loss or bs~ea undv sucA PotieY WYabie w ths Mo~t~ag~s~ u ita intrwt may aP pe~r. In the ewat any sum ~ sum~ oi money beoome paYable thawnder the Mortgagee ~hall have the option w rocdw ~nd app~ th~ am~ oo aeoo~mt ot che iadebcedness haeby xcvred. or w permic che Morcgagor w eeceive and use ic. or •oy part thereol. wttlwut th~reby w~ivi~ a imp~rin~ aoy pu~ " ti, lie0. or ri~t under sod by virtue of thi~ mo~tgage- In event of los~ or phyainl dam~i~ ~~~i~8~ P~~~Y ~ I~w imm~diat~ EO~~~~G, PAGE257~ . ~ ~ • - _ . _ t~ ~r:~~ : - -~t ~ F ~ - ~ ~ ~ z _ w , _ : . _ ~