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Home My WebLink About0156 PRAVIDF.n, ALwAYS, that ~f ~he ~tortgagor shall. pay unto the ~1o~t~aget the ~ndebtedncss ev~Jrncrd by a ~ittain ptan~.a~~r~• ~ute ~d wh~ch the tolluwin~ in w•utds and fi`ures ~s a itua co o-w~ ~ Novel4~tier 16 , ~y 74 s 1 475.00 Fort Pierce. FM~t~,~ FUN VALl1E R~CEIVt~:U I _ promue tu pay tu thr order ut E~~D FRAZIEI~- the principal Fum of ONE THOLI~ '''^~ro u~n~lnuFn CFVFNTY-FIVE etld . , together with intemt thereuo fwm date at the atc uf ten pen:ent, pi~ annum unlil malurity, buth principal ~nd u~tcrest being payable in law(ul money u( th~ United :+tatea at '~'3~W BiM:aync Blvd., \liami, Florida, or at r.uch oli~e~ place as tl~e holders hereof may designate in writi~yr,. Principal and intere~t payable in installments as (ollows: , THIRTY-FIVE ($35.00) 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 note may be prepaid in whole ot in part after ane yeac from the date hereoi upon payment of a penalty equivale ~ to ~igl~t pcrc~•nt of the principal ~um prepaiil. • E~ch installment payrr+ent shall be credited Cr~t on tix interest due, and the temainde~ un principal; and inte~t s~lees!! thrn• upon ~ei•r upun thr principal so ~•rrdited. . Tl~e make~ and rndu~rn of this nut~ furthcr agrre to waive demand, nolice o( non-paymenl and protest, a~d in the event suit .I~all lK brought for the collection hereof. or the same hsa to be collected upon demand o(~an attorney, to pay reasonabk attorney'K frr> fur making wch collection. t)eferred paymen4~ hereunder ~hall bear interr~t at the cate of ten perce~t pe~ annum (rom maturity until paid. 7'his note ix •ecutrd by a mortgage oi even date herewith and is to be construed and enforced according to the laws of the ~ ~tat~ of Florida; upon deiault in the paymenl o[ principal-andlor i~terest wheo due, the whole sum of pnncipal and interest rrmaining unpaid shatl, at the option oi the holdets, become immediatel due a~d payable. ` ` (SEAL) _ (SEAL) Ptep~r~d. by ~peler & Tendneh: Attomeys - 2=40 Biseayne 81vd.. Miami. Flarida ar~J shall perform, canply with and abide by each and every ihe stipulatio~s. agreements, conditions and cove- nants ot said promissory nute and of this deed, then this deed and the estate t~reby created shall cease and be null and void. L The Mortgagor hereby covenants and agrees: (a) To psr a~~ and s~~t~~~~ ~h~ P~~ncepaf and intercs~ and other sums of moneY O~Y~ble by virwe ot sa~d proo~issay note snd th~s deed, or either, ao~~ir o~ ~d~ a.y: «sv«u~~iy ~n~ 5z~ S~~«~ur ee~~s a~. - • # ; lb) To permit, caao~t or sufkr no ~rasie a~d to ma~ntain the improvemeots at all ~imes in a state of ~ood tepair and condiUOn, and to f ~ do a perm~t to be done to ssid pem~ses noth~ns that Vr~ll atter or chan~e tbe use aad character oP said proper~y ot in aoy ~ray impair ar i veaken d+e secuntY of this mortpse. And in case ot the refusal, ne~lect or iaability ot the Mort~a~or to repair ar.d maintain said proper- , ! 1y, the Mataatec maY. his opt~an, make such repairs or cause the same to be made, aad sdvance moneys in that behalL ~ , s ~ (c) To pay all and ~insulu the uies, assessments, leries, liabilities, and obliqtions of every natu~e oe said described property each ~ and every ~hen due and payable accordins to la~v, betore they become deliaQuent. aad to delirer to the Mortiatee on or betae March IS~h o( each year taa receipts evidencmg the payment of all IaWtully neposed taies for the pretedins calendar year; to indemn~fy the ~ Mortp~ee upon his demand tor atl taxes, asses~ments and cbar~es that raaY be assessed upon this mort6a~e oa the indebtedness cured hereby, aod paid by ~he m«esaaee, ~•~thou~ regard to any IaM heretofore eescted or Aereatttr to be enacted imposin~ ~ayment oi the ~dole or any .vrt thcreot upon the Mort`s`ee. t (dl To pay afl and ein`ular the costs, charses snd expenses, includin~ Is~yers' tees and abstrset costs reasonably incurred or pa~d at ~ any iime by the INart6asee becsuce of the fa~ture on iAe part o( the Mortta~or to per(orm. comply r~th a~ abide by each aad every ihe atipul~t~ons, a~reements, cond~tions and covenants of said promissary note ~nd this dted. or eitber, and every such'payment shall bear ~ ~ntereat f~ae date at the rate ot teo llOS) p~r centum per annum. . (el It ia trrtbu cwreaa:.':= aod a{reed br s~id puties 1Mt in t6t ereat ot • auit beiu~ uutituted to tareelose this satWe. the•Marc_ {siee shall be enit{ed to ~pplr ~t ~ar ti~e peodins sucb toreclosure srit to tbe coart 6~rin~ j~risAictioo thereot fa tht ~opointweat o( ~ reeeiver d dl ~nd sin~~lu We sortNied pro0ertr. aad ot ~11 renb. ineoaes, pr~ts. isa~es a~d ~e~eeues diereof. ho~ ~rb~tsoever sauce derired: aoa there~poa it is ~~ebr e:~cea,tr eoreaa.teA sad ~sread tk~t tAe Ceort sball fatAritl~ a~oi~t s~ recei~er ~iW tbe nswl ~ers ~sd dutiw o[ receivers .ia lite c~aes: and aaid ~Opoiataeat s6a11 be sade br 16e cart ~s a satter ot suiet ri~ht eo the MorWtee. and ~ithont refereaee to tAe ~deqwoy ar ia~deqraer ot We ~tlve ot ~Ye property Aerebr ~«tu~ed. ar w U~e solvency or ;nw~•.aey ot ~ue 1,1or~asors or aar o~bu ~r~r dcteedane ~o aYC6 suii. Tbe NarW~or herebr aoscifieally v~ives tl~e ri~ht to object to the spooiateeat d~«eeirer ss ataes~id aad 6erebr e:pressly caeaeau W~t soeA ~pooiat~eet sMall be made ss aa ~itted equitr ~ad as ~ Mcce~ or ae.o~r~a r~~~ w me tror~s.s« .,w ~e ,a« ~.ar ~e aoee .ri~ soe;ee to me ~wsor. (t) It toreclo~~re ~oceedis{s sLonld be insti}uted apiast tAe preroertr eorered bp 1Aii ~ottpie uooo ~ep other licn a cl~i~ wAether alle~ea to be s~perior or juaiar to tbe liea ot this ~t{ase. 1I1! IAOttj~{!C IYy lT Olf O~1/00 1~lAl1tlly Yp011 IAittlYtlOO Q~ lYth lYll ~ a daria~ tte peMeacr tbereo( deelare this sorts~~e ~ud tbe indebtedness see~ea ee~abr a~e .ea o.r.sie to~~.~~a .sa .~ar ~~s ~ optiaa ~oeeed to toreclose ~6ia sortt~~i (v That We Matpsor ~rill teeP aif ~eal ~ad persoaal property so~ or 6erea(ter cncwsbered br t6e lian ot tMis ~ortts~e iasured ~s ~ay be required frow tiee w ti~e by We Mortiaiee ~iainst loss Sy tire. wiadstara ~ad other h~suds. c~swlties aed cou~ieacocies tor s~ch periods and [or eot lesa tba~ suca awoan~a ~s ~ar be tequired by tbe 1brt~aaee ted to ar ~a~qtly vbee due all pre~~uss fa auch iuiur~see. ';6e a~anta of iarrnke required br tYe llorta~ee s6a11 be t6s ~iniw aso~nts [or ~Aieb said 'uunraeee stull be ~rrittea aad it s6a11 be iecu~best ~oa tbe Mottia~at W aiataia snch additian~t ~ss~r.ece .s w.r ee ~ce:suy co a~ee~ a~w ~owvir r~ur.•~~ dl co-i~arnsee reqYire~eata eootained in s~id oolieies to tbe eod tAat tbe s~id Mortts~at is not ~ co-ias~uor tAerennder.lnswaace s6a11 ba writtea br ~ ta~p~ny ar ea~P~oies a~o~ed ar desipated br tbe 1lo~Wiee aad alt oolieiss uW resev~ls tbereof shall be ?eld bp the Mo~tiasce. All detailed dtsi~eatims br tbe Mortas~a ~rhicb ~re accePted br tre Morya~ee uW all yrea~enu bst~ees Mortas~or aaA Mortpsee rel~tie~ to ia~ur~sce. no+i e:iatin~ ot bers~(tet ~da, aY~lt ba in nitiss aM dall be ~ art ot thia watp~e asreeweet u(~lly as tAoY{M set fortb rerba~iw herein and shall ~orera both psrtiea bereto asd t6eir aoceessors sed ~saips. No liea aoon wr ~ aaN oolicies of insar~ece or dOas ~nf refuod or reaua ~e~iw~ ~6ia6 ay be osr~?le oe tAe e~eeellatioa ar ten~isatioa theteot, sbalt be ~ives te otber t!m the Macttaiee. eactPt br Oraoer eadotaewent ~fC=e0 to sueb ooliCY sud ~VRo~ed Dr Mottia~te. Eac6 Policy of ins~rwee ~Asll 6~~e atfiseA tAercco ~ St~sdard Ne~ York lilortp~ee Clawe ~ritlwt Coavibutim. w~kin~ ~11 loss o~ losses w~der s~ch oo~ier arad~e eo we won~a=e~ .s iu iaterest ~ay ~~eu. !n tl~e s~t~t u~ suw w sw~s of ~oaer becme ar~ble Wereunder tAe Nort- Nsee sLall Aave t4e option to recei•e aad ~pPlr t6e sa~e an aeeoant of tbe iadebtedne~s 6ere?Y secwed. or ~o peroit t6e ~Mx~~sRor to recsi~e «0 rse it. ar any part d~ereof. rithout tleralr ~~irias a~ i~•i«aa .er s~~~r. liee. a~ ri{At under and by virtYe o( ih~. worya~e. le e~eet of loss a phrsic~l dama~e to the wot!{a~ed proPerty tAe Mottµ~ar sYall ~i~e iswtdiue aotice thercof by ma~l t~~ the ~lortp~ee and the AAo~t~i~ee iesr make proot of loss if the sase is eo1 aadt prowptlr by the l~lott{a{a. In event nf fure~lo•ure o! ~ . ~ 0 R . - 800~ ~34 PACE 156 ~ _ r ~ a h~,~~-w ~-.c ' ti.~ s~ _':,~-~'~~~`~r ~ _ . ~ .a.