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Home My WebLink About2704 . ; PRO~'IDN11. :11.NAYS, that ~f ~h~ \lurt~agor sh~ll pa~ unt~~ thr \k~rtg:+gr~ thr ~nJebtcdnr.+ rv?J~nrtd h~ a ~ ~ ~ertam ptum~sson nute ~•f Nhich thr fulluwing in wurJ. and f~gures ~s a ttut copy to-v?it . ~dul~+~~t)C s 6s550.00 Fort Pierce, FbriJa November 16, ~y 7 F~~R vAl.uF. RECEIVFt~__ WE, ointly and severally, ~om;x_~„ N,v tu Ih~ o~drr uf GULDEN PENSION PLAN ~ ~h~ principal cum of SIX T OUSAND FIVE HUNDRED FIFTY ARd t10 1 I~I.LAI~.ti. tagethe~ with intercr~ lhereun (rom date at the nt~ of trn perc~nt, pe~ annum until msturity, buth p~incipal and intere.ct being payable in law(ul monry uf q th~ United >tates at '~~~W f3ixayn~ Blvd., ~tiami, Florida, o~ at such other place as the holderF hereof may designate in writing. I'rincipal and intercat payable in inntallments a~ follows: ' ~ ONE HUNDR~D FORTY ($140.00) dollars per month beginning on the 15th day of January, 1975, and continuing on the 15th day of each and every month thereafter until paid in full. This ~ote may be prepaid iq w'hole or in parl after one yeat irom the date heteof upon payment o[ a penalty equivalent to right percrnt of the principal sum F?rrpaid. ~ F.ych in.tallmrnt ~?aymeot •hall be ~redited Grct an the interest due, and the remainde~ on principal; and interc+t shall thrn•- _ upon ~ea~r u~wn thr principal w? ~•rrdited. ' The maken and rndot~rn of thu nut~ further agree to waive demand, notice of non-p~yment and prot~st, and in the event wit .I~all l,r brought for the collrction hereof. or the same has to be collected upon demand o[ an attorney, to pay reasonable attomey'• frr• fur making wch collection_ U~ferced payment~ he~unde~ ~hall bear interest at the rate of ten percent per annum fwm maturity uotil paid. 7'his not~ i.t secured by a mortga~e ot even date hertwith and is to be construed and enfo~ced according to the (aws oi the ~1at~ of Flexida; upon default in the payment of principal andlor interest whe due, the whde sum of pnncipal and interest rrmaining unpaid shall, at the option o[ the holders, become immediately due . payable. ' " ' ~v l _-t ~C'~'~-(SEAL) ~ 1 J -L.~-- (~EAL) Prtp~r~d by ~pieler & Tendrieh, Altorney+ - 2Y~t0 Riscayne 131vd.. Mumi, F' a 's ar~d ~hall perfotm, comply with and abide by each and every tht stipulations, agteements. conditions and cove- nants of said promissory note and of this deed, then this deed and the estate thereby cceated shall cease and be null and void. 1. The Mottgagot hereby co~•enants and agrees: (a) To pay all and s~nsubr the pnnapal and ~nterest and uther sumc of money D~Y~ble by virtue o( sa~d prom~ssay note and th~s deed, a euher, promp~lY on the days respec~~~ely the same severally becomes due. (b) To petm~t, comm~t or su([et no raste a~d ~o ma~num (Ae ~mprovements at all hmes io a state of good repair aed condwon, and to ! do or perm~t to bc done to sa~d prtm~ses nothm6 that w~ll alter or chanee the use and character of sa~d property or ~n any .ray ~mpa~r or ~ reaken Ufe secur~ty o! this mw[ga6e• ~nd in case oi the refusal, ne6lect or ~nability o[ the MortEa6or to repair ar.d ma~n~a~n s~id proper- ty, ~he Mortsa6ea may, at his opt~on, m:te such repaus a cause the same to be made, and sdvance moneys ~n that be~alt. (c) To pay all and ~~n6ular the uxes, assessments, lev~es, I~ab~l~ties, and obl~6at~ons of every nature on sa~d described property each and every when due and payable mord~na to la~, before they become detinquent, and to deliver to the Mortea6ee on or betore Msrch ISth ot eac6 ycar taa receipts ev~denc~ng the payment ot al! IaMfully imposed taxes tor the preeed~na calendar year; to ~ndemndy the Mort~a~ee upon his demand fcK all taxes, a.sescments and ~harges ~ha~ may be assessed upon th~s mort6a6e on tMe indeb[edness cured hereby, and pa~d oy mortEaEee, rithout regard ~o any la~ heretofore enacted or hereatttr ~o be enacted impos~ns ~ayment o: the ~rhole or any ~art lhereof upon Ihe Afnriga6te. (d) To pay all and s~n6ular the iostc, charges and eapenses, ~ncludin6 lawyers' tte+ and abstract costs reasonably incurred ~+t pa~d at any ume by thc Atar~gagee becau.e ot the fs~lure on ~he part ot the Alortgasor to perform, comply +ruh and abide by each and rvery the st~pul~~~ons, a~eements, cond~t~ons and covenants of sa~d promissay note and th~s decd, a either, and evcty such'payment sAall bear mtt~esl (rom date at the tatt ot ten ll0°~) per centum per annum. (e) lt is furtha co~eoa.:•:= wd a=rced br s~id parties that in thc event ot a suit beios iastituted to foreclose this mo~ts~se. the 61at- ~{ee aA~ll be eetitled to apply ~t ~nr tioe pendins such faeclosure snit to tbe coun havin~ jurisdictioa thereot tor the ~ppoiatment ot ~ retei~et oi ~11 and :insular the ieoetas~ed property. and ot ~11 rents. iacases. pco(its. issues ~ad rerenuea tAereot. trae ~rA~tsoever source derired; aod t6ereupai it is berebr eapressly coreaanted aod ~sreed that ~he Cowt ah~ll forth~rith appoiot sneA receiver +rith s the usual powers aad duties of receirers in like e~ses: and s~id ~ppoiataeet shrll be m~de Ar t6e court ss ~ mattet of stricl ti~t to ~ the 1do~tss~ee. and +~ithwt reference to the ~dequacy or inadeauacy of tAe value of the propertr heteby oo~ti~ted. or to the solvency or insol~eaty of the 6lortsators or anY other ya~y defcadant to auch suit. The Matas~or hereby s0eci(ic~lly waives the risAt to object to tbe ~ppoiotscnt ot ~ reeeiver as ~torcs~id ~ed herebY eapresaly conseats th~t such aPpointmeat sh~ll be ~ade •s an admitted eQuity ~rd ~s a aaner ot ~bsolute ri~ht to the Mortp~ee aad that tbe ssme m~y be doae .?ithout aotiee te the Mort~~{or. (t) lt foreclosurt proceedia~ should be iestituted a~~inst the propertr covercd br this watp~e rpon aar oWer lien or claim ~rAether alle~ed to pe superior or junior to the lien of tAis mortp~e. thc ?lort~~aee my ~t Ais optioa iemedi~tely upon institutioa of such suit ~ a duria~ tLe pendeaer tAereot decl~re this mort~~~e and the iadebtedness secured hereby due ~nd p~yable fortlirrith snd msy at its optioo proceed to foreclose tbis eo~tsa~e. (v '[h~t tbe Mo~tµ~or ~rill keep all real snd persoaal p~operty nar or hereafter eacueobered by the lien of this morts~se insured as may be required froe tiae to tise by the Morti~i« ~Ninst loss by fire, riadsiorm and oWer Aazards. c~awl~ies ~od contie~eacies tor such periads aad tot not, less tsaa auch amounts as ~ur be reauired br the I~lortp~ee aad to p~y prosptly whee due sll prem~was fa sucA insur~nee. ?Ae ~mounta ot iosuraace required br t6e Mort~~~ee sball ba tAe siai4wa asounts tor rAicA ssid insurance sh~ll be ~rritten aed it shall be iacumbcet upan ~he 11or4~tot to maintsin such additionsl insuraece s.y ee ~ece~s.rr ~o e~e~ .,~a ~omoir r~uy .~w all co-insunnce requiremeots conained in s~id policies to the ead that 1he s~id Morttalor is aot a co-insuror thereunder.lnsur~ace ahall be rtitten by ~ coapaoy or cospanies ~oproved or desi~nated br the Mort~a~es snd ~I! policics and rene~~ls tAereof shslt be Aeld by the Matp~ee. All detailed desi{nations br the Mo~t~ator rhich ~re accepted br the Mortp~ee ub ~!1 asree~eats Aet~ten Mortp~or •ed Moct~~~se rel~tin~ to inauraace. ao~ eaistin~ or hereafter m~de. shall be in ~titini aad sl~~ll be a part o( this eatp~e a~reea~ent ~s fnlly ~s tbau~A •et fo~th ~erb~tip Aerei~ ~ad shall ~overn both Parties hereto and their snccessors sod assi~es. No lien upou ~nr of s~id policiea ot insursnce or upoa ~ny refuud or retum praaium ~hicb wy be p~r~ble on the c~acell~tion ortensin~tion thcreof. sh~li be ~ires to other tAaa tbe Mat~~{ee, exeept br proper endo~sesent ~t(i:ed ~o such poliey u~d ~p~oved br Mor~N~ee. E~ch policy of insurance sb~ll hsve atfi:ed thereto ~ St~ndud Ner Yo~k Mortss~et Cl~use ~rithout Conuibutioa. wkio~ all loss ar losses undcr such oolieY p~y~ble to ~he Mortp~ee ~s its ~nterest s~r ~poear. !e the e~eot aer sum a sw~s ot money becoae ~SYable thereunder the ~brt- ~a~ee shall have the option to receive •nd applr the s~~e on aceount ot tbe ~adebtedness herebr secured. or ~o permit tbe ~kut~aEor to recei~e and we i~, or any part thcreof. without therebr r~ivin~ a ia~airins ~ny eQuitr. liea. ot ri~ht under and by v~rtue ot th~. aort{a~e, ln event of loss or physical daau~e ~o !he a~ott~~~ed ptoperty tht hiottpsot slt~ll ~irt iarsed~~te not~ce thereof by ma~l 1~~ the Aiat~a~ee and tht Ml~rtes~et iasY ~ke proof of loss ~f the asme ~s not nude ptomptlY py tht ~fat~a~a. In even~ n! (ure~ln.u~e of • ~ • ' 6oe~ ~3 ~nc~27~z ~ ' - ; . _ ~ ~ ~ , - ~ - ~ ~ . : _ ..a _