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Home My WebLink About2965 f~: ~ PROYIDED, AI.WAYS, thet if the ~lortgegor ehall pay unto the Mortgagee the iadebtedness evidenoed by a certain pmmisaory aote oE which the tollowing in words and figures is a true copy tawit: y~~~ ~ ~4~gG ~~~'°ti~ ~ 3 4,325_~pp Fort Pierce, M'MriJa September 21, 74 ~ i F(1K \'r\I,('F: RE;CF:I\'h:l) _Ii~E~ iointly and severall.y~, p~omi..e tu pa~~ tu th~ utdrr i?f ~~~D~1+_~~i~ER~---- - - - ' tt~ principal •on~ o( FOUR THOUSAND THREE HUNDRED TWEN- TY-F~~VE an~ t~ r~, togethet wilh inlrre~t thrreun fn~m date at the ~atr uf trn prrce~it, per an~um until maturity, buth principa) and intrrest t,eing payable in IaNful monr~ uf ~h~ l4~itrd ~tatr• at '.'.:.'-~1 ki~•ay~ne Bhd., ~liami, Florida, ur at ~uch other place as the holder. hereo( may designate in w~iting. Principal and interect payable in in~tallmen4+ as follows: NINETY-FIVE ($95.00) DOLLARS per month beginning on the 15th day of November, 1974, and continuing on the 15th day of each and every month thereafter until paid in full. ; This not~ ma~ be prepaid in v?•holc or in part after one year [rom the date hereof upon payment of a pe~alty equrvalent ; tu ri~ht prrc~•nt uf ll~r prin~•i~?al ~u~n prr~wid. , - ' Each in:lallm~•nl paymrnt :haU l~r c~edit~d firct un the intercst due, and the remainder on principal; and interrst shaU then•- ~ I uF?un ~ra.:r upun thr prin~ipal u, rrrditrd. Thr mak~~ and .•ndurrr. of U~ia notr fu~thrr aRrre to waiv~ drn~and, nolice o[ non- u}•ment and prutr.st, and in the event suit ~ -hall br bruu~ht for thr rollrction herec~f. or the came has to be collected upon demand o~ an attorney, to pay reasonable attorney'r i ! frr. fur making ~uch cullrctiun. i I)~f~ned paymrnt~ herrunder ~hall bear intemst at the rate o( ten percrnt per annum (rom maturity until paid. Thi. not~ i.~ ~ecurrd by a mortgag~ of even date h~rcwith and is to be construed and en(orced accordin~ to the laws o[ the . ~tatP of Florida: upnn default in the payment ot princiPal andror interest when due, the whole sum of pnncipal and int~rest m~iwining unpaid sha11, at th~ option of the holders, become immediatel d e and payable. _ -CV j/1/L~,~~, ~ U~ (~EA L) (>EAL) vr~p.r~d by ~pkler 8 Tendri~h. Atlorney~ - 22~t0 Bi.~cayne 81vd., ~liami, Florida : ~ of said promisaory note and of this deed, then this deed and the estate thereby crea ahaU cease and be nuil ana voiQ. 1. The Mortgagor hereby oovenants and agrees: (al To pay ~D ~nd singular tbe prindpal ~nd interest ~nd otAer aums of moneY WriNe Dy virtue ot s~id pcomiseory oote and t6u deed. or eitlbr. PromP~Y aa the days reapectivety the eame severally beoomes due. 1 bl To permit. commit or suHer no .raste and w ma+nuin tAe improv~ents at all times io a sute of good rep~ir aod oondition, aod to do or permit to be ~ done W said ptemixa nothing that wrill aker or change the ux and ch~rsder of eaid prope~t~'or in any wey impair or weaken t6e sscurity of this ~ mortg~ga. And in ase of the retusal. neglect or inabiGty of t6e Mortgagor W repair aad maintain aasd property. the Mortga~gee may. at his option, maloe ~ weh ~ep~in or ause the same W be made. and advance uwnays ia that beh~lf. - Ic1 To p~q ~11 and singuLr c6e cazes. asxsamenta. kviea. liabiGties. and oblig~tione o[ every aature on aaid described propercy e~eh aod every wrhen dus and p~yabb ~eoording w 4w. before they beoome delioqueat. ~nd to ddiver to the btortgagee o0 or befae 11Lrch 15th of e~ch year tu reoeipte ~+i8 ~ P~Y~t d all lawfully impoxd tues for the preoeding calendar yeer: to idemoify t6e Mortgagee upoo his demtod far all taus. ~ssess ~nmta and ch~rges t}ut msy be es.+eseed upon this mortgags oa the inde6ted~ss aec~ed 6aeby. and paid by the morpgee, without reg~rd W any L~r hdetoforo en~cted or I~ae~fta w be e~acted impoae8 WY~D~ ot t6e whoie or any part the~eof apon tse Mortg~gee. Idl To p~q dl and singul~r ths costa. chergee and ~peoses. including 4wy:rs' feee aod abstract ooats ce~sooably in~vrted or paid at any time by the Mortga~ee beause of the t~ilure m tbe part of the Mortgagor w Prrfam. aomplY wit~ and abide by e~ch and every the atip~letions. ag~eemmts. eonditiow ~nd oovea~nta of aaid promissory note aud t6is deed. or ~ther. and every anch p~ymeot ehaU bear inLerest from date at the nte ot tao f 10%1 per oentum per snnum. lel It u turther oovensnted and agreed by said Qartie.s chat ia the eveat of a suit being imtituted to forecioee thie mortgage, tbe Mortgages slull be a~tielsd W apply at aoy tia~e pendieg such forecloeure suit W the oourt lLVing juriediction thereo( for the appointmmt of a reoeivec of all and ss~gnLr ths t ~8~6~ ProP~Y. ud ot all cente. in~. ~ts. iseues and revenuea tlxreof. from w6atsoevMr aavce derived: a~ therwtpon it ia hReby e~prepiy ~ coven~nted aod ~greetf that the Conrt shall forthwnth ~ppoint auch rcceiver with tl~e uswl puwere and duties ot reoeiven in like cas~+e: ~nd s~id tppoioG { ment sh~ll be made by the oourt as ~ mauer ot strict right w the Martg~~ee, end witbout ref~reaee w the adequ~ey ar madequ~cy of t6e valns o[ t6~ yeo- P~Y ~Y ~6~8'~ or W t6e eolveocy or insolvency of tbe Matgagors or auy other party def~nd~nt w w~ wit~ 'Ibe Mortg~oe ba'~bf ~p~dt ically w~ives t,ha rigst w object to the ~ppointment of a rooeiver u aforeaaid and hs~eby esptealy o~eN~ tbat suc~ appointment s6a11 b~ m~d~ u an admiued equity and u a m~tte~ of ab+~olute rigM w the Mortgagee and cbat the same ouy be done without notice w tl~e Mortgagor. t ~(1 If fwecbsure proaedin8n ~houW be insticueed against t6e pro~erty covered by chis matgage upon any othrr lim ar cLim whethar dleged W bs auperior or juaior w t6e lien o( thia nwrtpge. the Mortgagee may at his option immediately apon instit~rtion of such wit or during tbe peadency tl~ereot declara tltis mQtgsge and the indebtedness ae~vred hereby due and payaWe [orthwit6 aod may ~t its opcioo pcocaed w to~er]ose thi~ mortgaga j Ig 17bat the Mortgagor wiU Iccep all real aad pereoaal propctty now or 6ereafter ana~mbe~ed by the lien of this matgage insured as m~y bs teq~red irom ~ ~ tia~e w time by the Martgagee against bas by fue. w~indstarm and other h~zards. casualties and oontinge~ tar sueh period~ and tor aot ku th~n ~ ~ sud~ amouncs u msy bs required by tbe Mortgagee and w pq promptlY whm due dl pnmiums tor soch ina~uanee. The amwots of iowrmos nquirad ` by the Morga~ee shall be the minimum a~nounts for ~vAich said insurance s}ull be written and it shall be incumbent upon t6e Mortgagor W mdntain we6 additional ins~v~nce a~ may be neoe~+ary to meet and comply tdly with all eo-iniurance requirenaus rnnteined in seid polieis~ w ths ead th~t t6e s~id ~r Mort~gor ie not a oo-inauror thae~ndet. loaur~nce shall be wriuen br a c~pany or oompanies appeoved ar deeignated by the Mort~~ee aod aD poll- eie~ and renewals tl~eot shaU be heid by the Mortgagee. AU detailed desigaations by t6e Mortgagor which aro seapted by the Mortg~gee snd all ~gree~ mencs between Mortgagor ~nd Mortgagee rdating w in~uranee. now esisting or he~~(ter m~de. ah~ll be in writing and a6all be ~ p~rt oE td~ mo~tp~t age+aeme~ as fully aa thougL set torth verbatim Aeran and sball govern both parties daeco and their suooesaon and asaigna. No lien upon to~ of s~id policies of irourana or upoo any refund ~ return premium which m~y be p~yabb oo the cu~~tion or temin~tioo thseot, ahall bs giveo to othv th~n the ~fortgagee. ezcept bY ProPet endoraement affized to such pobey u~d approved by Mortgagee. Eaeb polity of inwranoe sh~l1 h~w d8:ed th~to ~ St~nd~rd New Yorlc btatgagee Aauae without Contributiou. malcinB all bss or lasses undir wtl~ P~Y WYabb to t6~ Moitga~es ~s if~ intt~s~t m~y ~p pev. Ia the event ~ny eum or awne of money beoome p~yabls tl~eround~ the Mortg+gee:hall h~ve the apdoa W rooeiw ud appip th~ s~me aa ~ooount of tbe indebtednes~ hereby ~ecured. or to permit the Matgagor to reoeive and use it. or any psrt thenof. without th~eby w~ivin~ o~ impairie?~ aaY ~9~' - ti. lia~, or right uoder and by virtue of thi~ matgsge. In evaq ot bas or physial darn~ga W ths matgaged propstY ths Mort~a~ot sh~Il ~iw imm~diab ooK 232 Pa~~;962 N ' ` • , y~~, ~ i { ~s ~ ~ ~ ~ i ~ _ ~,s k- ~,c.~ ~""a~`~ ,-s x~~~` ' . . : _