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Home My WebLink About0510 PROY101~1), :\L.NAI'S. ~hai ~f ~h~ \tut~gagor .hall pa~• unt~~ the \k~rtgag« the indebtednr~~ «~~~~ncrd b~• a . crrta~n prwm~sor> nute rf ~h~ch 1he f~illuwing ~n worJs and figures is a trut ~opy to-w~t ~~Q~ 1' f,v~,~ s~ 2 ,-QO Fort Pierc~,, Fb~,~e Octo er I9, ly]~_ FOH VALI~E: Rf.CEIYEU I promi.e lu ~?ay to th~ urdrr u( _ CA L AND RA L HIS WIFE ~ tht principa) su~n of TWO TNOLiSANi~ 1~11TNnRF $ VRNTV FI s~.nr~ , together wilh interr.t lhercun Irom date at the nte of te~ percent, pe~ a~num ui~til maturity, both principal and interest beir?g payabie in lawtul mo~u•y uf the United ~tate. at 22-W Riai:ayne Blvd., ~liami, Florida, cx at such other place as the holders hereof may designate in writing. Principal and interest payable in insWlmenta ss follows: . . FIFTY-FIVE ($55.00) DOLLARS per month beginning on the 15Ch day of December, 1974, and continuing on the lSth day of each and every month until paid in full. . This nole may be prepaid in whole or in part_ after one year from the date hereof upon payment of a pe~alty equivalent to riRl~l perc~nt of the principal sum prepaid. , F.ach imtalimrnt payme~t sl~all t~e credited Cnst un the interest due, and the remainder on principal; and intercat ahall t{~en- upon cea.•c upun thr principal .u ~•r~dited. The ~uken and r.ndorsen of this nut~ further agree /o waive demand, notice of non-payment and pmtcsl, and in the evenl suit ~liall be brought for the ~ollrction hercof. or the same has to be collected upo~ demand o[ an attorney, to pay rcasonahle attomey'. . frr~ fur making ~uch collectiun. • ~ l)ef~rred pay ment~ hemuader ~hal) bear intercst at the nte of ten percent p~r aonum irom maturity until paid. ~ 7'hi~ note i.c securcd by a mortgal;e~of eve~ date herewith and is to be conadved and enfoeced according to the laws of the- ! ~tat~ of Florida; upon de(ault i~ the payment of principal andlor inte when. due, the whole sum of principal and interest ~ mmaining unpaid •hall. at the option of the holde~, become i~dia y d ryd payaWe ~ / ~c.~'~' (SEAL) ~ I (5EAL) ~ Prep~r~d by ~prler b Trndrirh. Altorneys - 2240 Bi~capne Blyd.. !lfiami, Florids ~ ~ anJ shall per[orm, c~xnply with and abide by each and every the stipulations, agreements, conditions and cove- na~ts o[ said promissory note and of this dccd, then this deed and the estate thereby created shall cease and be null and void. ~ ~ 1. The Mortgagor hereby covenants and agrees: 1~ (a) To pay all and ~~asular tAe pr~ac~pal and mteresl and otAer sumc of money payable by virtut of ssid prom~ssory note and th~s detd, or e~ther, ptomptly on tht days cespectively the same sererally becomes due. ' (b) To permit, comn~t or sufter no Was~e a~d to ma~num the ~nprovements at all hmes in a state of 6ood repair and cond~uon, and to i ~ do ot peneit to be done to ss~d prtm~ses nothins that ~ailt atter or chanst the use and chancter of said pcoperty or m anr ~ra~ impa~r or ~ ~ ~taken the secur~ty o( this mott`a~e. And in case ot the refusa{, ne~lect or inability of the Alwt~asor to repair ar.d ma~nta~n said proper- , ; ~ ~y, tAe Mortp6ee rnsy, at his opuon, make such repaus or causc the samt to be made, ued adrance moneys ~n that behalL ~ • (c) To pay all and ~~ntulu the taaes, assessments, lev~es. 6ab~l~ties, and oblipt~oas of every nawre on ssid desctibed property each k '~;s and every rrhen due aoa payable accord~ns to la+, befae ehey become deliaQuent, and to deliver to the Mort6a~ee on a before March ISsb of e~tA year tu teceipts ev~denc~n6 the payment o( al! Ia+rfullY ~mposed taaes tor the precedms calendar yur, to indemndy the Mort~asee upon Ais de4snd fa all'taxes,.a.sescmems and charaes thar may be assessed upon th~s mortaaae on the indebtedness cured hereby, and paid oy mat6aEee, r~thout reeard to any la+~ heretofort enacted or hueafter to be enacted ~mposins ~ayment o: the Whole a any ~+art thereof upon the A1nr~6a6ee. (d) To pay all and s~ntular thc coses_ chu6es and e:penses, ~atlud~ea lawyers' tees and abstract costs reasonably ~ncurred ar pa~d at any t~mt by the ~1ort6aset becawe of the (a~lure on ~he part of the AtoHgasor to per(orm, comply v~th and abi6e by tacd and erery the supulat~ons, a6reements, cond~uons and covenants o( sa~d promissory no[e and tAis deed, or either, aod every sueh'payment sAall bear ~nterest ttom datt :t the tate of ten UC~) per centum per annum. (e) !t is furtha eoreaa._'== ud aiteed br s~id p~rties that in We event ot a suit bein~ inatituted to taeclwe this mo~tq~e, the Mart- • psee sball be tati~kd to apply ~t sar tine pendir~ aocA (aeclosure ~uit to the eourt Mvin~ jurisdictioo thereof tor the appoiotmeat i ot a receiver ot ~11 and sin{nlu the ~orts~~cd properly. snd of ~II reats. iaca~es. ~otits. issnes ~ad rerenYes the~eot. fro~ olutsoever source derived: aod tberenyoa it is Aereby e:preaalr coveasaeed ~nd asreed th~t tbe Court sAall tonh~it6 ~~oiat such receirer ~iW tbe wwl owrers ~nd du~ies of receivers in lite cuea; and s~id ~ppoiatmeet ahall be s~de 4y the court ~s ~ oatter of strict ri~ht to We Moct~a~ee. and w~itAout refereace to the ~dequacy or in~dequaey ot tfie value ot tbe property bertbr morep~ed. o? to tLe solvency or iasol~s~cy of tAe 1lortjasars or ~ny otAcr p~rty defendant to such suit. TAe Mortp~or 6ereby apecifie~llr rraives the ri~At to object to the •ppoint~ent of ~ rcceiver as ~forea~id ~nd 6eaby e:pres~lr catseata that s~ch ~opoiatsent shall be ~ade ~s an adwitted equity aad ~s a~tta ot ~baolute risht W tAe Mort~a~ee aad tb~t tAe s~~e wy be done wid~out aotice to the Mort~~sor. - ~ (f) If toreclosure proceedio{s should be instituted ~~aiiat tAe propertY covered br this eortp~e upoa any oMer licn or cl~iie rAetAcr •lle~ed to be superiw or junia to tbe lien of thia matsa~e. the Mort{~~ee sar ~t Ais optim iemedi~tely upon iastitution of sucA suit ~ w durie~ tAe peadeecr t6ereot declare tAis aort~a~e sed tl~e iadebtedness secured hueby due ~ed p~yable fort4rith snd auy at its ~ option OroceeQ to (o~eclwe Wis aortsase. (t? Ti~at t6e Nottµ~ot vill teep all ~eal aad personal property oo~ a hcreafter encwsbe~ed by the lien o( tAis uort~a~e ~nsured ~s may be ~equired itaw tise to tise br t6e Mort~~~ee ~pinat loss Ey (ire, a~nds~orw and other has~rds. e~swl~ies and contw~eacies for such ' periads and tor not kis t6aa such •aaue~s ss mar be required by the Mortpsee and to pay proaptlr ~rhee due NI prem~~s fa sYCh ~ iaaurwee. Tbe ~sounts ot inauru~ce required br tAe ?fort~~see s6~11 be t6e sioi~um aieouats tor ~rbicA said insursace sAa11 be nrittca ~ aad it sb~ll se wcumbcat npon We Morc~asor to ~aiatain sucb .ee~~~onai ~n,w.noe s.y be ~~~ess.ry ~o ~.eec .~a ~o~v~r ~~ur •11 co-iasunuce requite~enta coet~ined in s~id policies to Wc eod that the s~id Mortsa~ot is aot a co-iasuror thtreunder.Msurance shall Ae ~itten by a co~aar or cospanie~ a~ored a desi~nated by tLc Mo~t~~~ee aad ~11 policies atid reaer~la tbeteot sA~ll be held br the Matp~ee. All detailed desi~nstions br tbe Mat~a~or rhicb ~re sccepted by the Nortsa=se aad all a~ree~cats bet~ete Mo~ttator ~nd Mort~asee tel~ties to insunnce, no~i e=istin~ or Aere~t[e~ s~~de. slnll be in nritias ~ad ah~U be • put ot tbia sort~a~e a~reeweat u(nllr ss tho~h sa fatA verb~tiis 6crein and ahall ~overn both p~nies l~ereto ~ud ~heir saccessors apd assi~ws. No Iien ~pon aar o~ saiA oolieies d inaurance or ~pas asy refund or retwn pa~ius ~Yicb py be ~r~ble on the c~scell~tion a te~is~tiou thereof~ sA~ll se ~iven to otAer thaa the MartNSee, except br prope~ endorsewent st(iaed to suc6 policy and ~~tored br Morts~~te. Each policy of iasur~stt ~6a11 Aare aft:ed t~ercto ~ St~odud Ne~ Yak Mortsa~ee Clarse .iWoYt Coauib~tioo~ wkin~ ~11 loss or losses uader such oolier p~rable to tAe Mott{a~ee ~a its iatercat mar a~eu. la tht evsat ~ay sue or ~u~s ot roner 6teawe arable therew~der the ~1ort- ~a~ee shall ba~e tbe aption to reeeive snd aPplr ~he s~~e oa aceoYnt of ~be iadeptedaeas herebr secured~ or ~o peraiit the ~4x~~aEor • to receivt sod use it~ a•nr part tl~ereof. ~ithout tbertby ~r~irio{ or i~p~irio~ any eqaitr. liea. ar n~bt w~det and by rutue of thi. aortpl~e. In e~ent of loss w oArsicsl d~ms~e ~o en~ o~«~s.a~e ~oper~r we Mort~a~or sA~ll ~i~e i~sscdiate not~ce thereof by ma~l 1~~ the Mort~~~ee ~nd the Na~p~ee may make proof ot loss ~f ~he s~me ~s not made proenpqr by tht Mort~aaa. In event nf (ae~l~.we of • ~ aoox ~3 5~0 Y . . . I ~ .f ~l5 'y~'. . ~ x ~ ~ a° ~ t-~' . . . ~ ~~~k :~'fs, 1_n~ ~?b~' ~ _ , rx?'.~~*~.~~~z-~,_. .