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NRl)VIDFII, :~I_Nr~1'ti. ~hal ~f Ih~ \lurlgagut ,h~ll p.~> unlu lhe ~k tlg g ~ ~
certain prumi•.~~~~ nu~e ~•f Nh~~h the C~?Il~,~~ng in wur~~ anS f~gurc~ i+ a Itut copy t~,.M+t '
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s 4 750.00 Fort Pierce, Fbrida_ Octobe~c 19, 74
tcitt vr~I.t~E KEC:I~:~vF.U_ WE, iointly and severally~ proini~ tu pay
w~ 1wf TT11 "
tu the urdrr of ~J~ Y[1V111~ # i~.~C.i_~i . ^ - - - -
e wwm S VFN H1iNilRFn FTFTY 8~_nQ~~~~)I.LAKS, togcth~~ ~.ith inte~e~l
th~ prin~•ipal aum of ~O~H_QLI~.n y - -
tl~~reun (n~m date at Ih~ ~ate of len prnent, per annum untJ maturity, both principal anJ iutrrc~t Lriug payable in (awfu{ mom•~ uf
th~ l~nit~d ~lates at ~'.'.-1~1 Bi.Kayne Bhd., ~liami, Florida, or at such otlur place as the hulde~ hereof maY designate in writin~.
{'rincipal and intetest payable in imtaliments: as folluw~:
ONE HUNDRED FIFTEEN ($115.00) DOLLARS per month beginning on the 15th
day of December, 1974, and continuing on the lSth day of each and every
month thereafter until paid in full. -
Th~s nute may be prepaid in wholc or in part after one year from the date hereof upon payment of a penalty equivalent
tu ~•iKl~t prrcrnt o~ t r principal ~um pmpaid. , •
Each in~tallmr~paym~nt ~I~all l,c ~•rcdit~d fin:t un the intercst due, and the remainde~ on principal; and intere~t ~hall t!u•n~•
u~wn ~ea.w upun thr principal .o ~~~dited.
Th~ makm and rndonPn of thi~ nut~ further a~ee to waive demand, nolice o~ non-(?ayment and protest, and in th~• evrnl wit
.hall lM bn~ught for thr collectiun hcrrof. o~ the same has to be collected upon demand uf an attorney, to pay rcasonabl~ altorney~~
G•r. (ur making ~uch collection. •
I)~f~tred payment~ herrund~r .hall bear inteKct at the rate of ten percent p~r annum irum maturity until paid.
7'hi~ oote i~ securrd by a martga~~ of even date h~rewith and is to be conshued and en[otced according to the I•rws of the ~
~tatr oi Elorida; upon default in the payment of principal and~~r interesl wheo due, the whole sum of pnncipal and int~rrst
n•nwioing unpaid ~hall, at the option of the holde~, become immediately e and payat,le.
- ..~sj _ (~EAL)
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f ~!~-~L i L~411''~ (SEAL)
Prepar~d by ~pieler 8 Teadrich. Attorneys - 22~f0 Riscayne Blyd.. Mia~ ida ~
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anJ ~hall perform, comply with and abide by each and every the stipulations, agreements, conditions and cove- ;
nants of said promissory note and of this-decd, then this deed and the estate thereby created shall cease and bc ~
nuli and void.
' 1. The Mortgagor hereby covenants and agrees_ ~ ~ !
i ~
~ (a) To paY ~~~s~~~~ the pr~nc~pal and ~nterest and oEher sumc o( moneS D~Y~b<< by v~rtue of said prom~ssorY note and th~s ~
~ detd. or e~ther. promptly on the daYs recpec~~vely the same severally becomes duc.
! (b) To petm~t, commit ot sutfer no waste a~d to ma~nu~n the ~mpruvements at all hmes ~n a sUte ot 6ood repa~r and cond~uon, snd to t
~ do or permrt to be done to sud prem~ses nothmg that rr~ll alter or chan6e the use and ch~racter of sa~d propertY or m any ~ray impau or {
veaken the secunty of this mortga6e. And m case ot ~hc rctusal, ne6lect w mability ot the Mortsagor to repair aed mamtam said proper. i
~y, ~he blot~pRee maY. at h~c opt~on, make such repaus or cause the same to ~e made, and ad~ance moneys in that behal(. }
i
(c) To pay all aod s~n6ulai the taacc, assessments, le~~~es, liabil~hes, and obli6auons ot every nature on said desa~bed property each e
and evtty when due ana payable acco~d~ng to la+', before they become dtlinquent, and lo del~ver to the Mort6a6« on a betwe March
ISth o( e~ch year ux receiptc ev~denc~n6 the payment ol all lar-tully imposed taats (ar the preced~ne calendar Y~~~: ~o indemn~ty tht
Mort~asee upon h~s demand for al{ taxes, a~sescmentc and .hargec that may be assessed upo~ th~s mortga6e on the indebtedntcs
cured hereby, and ~a~d Dy m«tgagee, r~thou~ re6a~d to any lar heretotae enacted or herea(ter to be enacted impos~ns ~syment o:
the ~vhole or any rort tAereof upon the A1~~r~~tagce.
(d) To pay all and s~nEular the coctc, char6es and eapenses, ~nclud~n6 lakyers' tees and abstract costs rtasonably ~ntuned or pa~d at
any t~me by ~he \1ottRaate becau~e u( !he (a~lure on the part of the Mortga6or to ~+e~form, comply +r~th and abide by each and tvery the
st~pulations, a6reements, cond~t~onc and co~enants of sa~d promissory note and th~s deed, or e~~her, and every such~psyment shall bear s
mtrrest from date at ~he rate ot ten ~ 10~) Der centum per annum. ;
lel It is tur~hu co~e~~.-•_= ~ed •~teed by said patt~es ~hat in the event o[ a suit beroi instituted to toreclose this motlia~e. tbe lYtort- ~
p~ee sball be entitkd to ~pply at any time pendins ~uch forecloaure suit to the court h~rin~ juriadictim thereof fa ~he ~ppoiatmea~
o( a receiver of ~11 and ~insulsr the m«t~a~ed property. ~nd o( all rent~. iaca~es. profits. issue~ and reveaues tAereof. troe ~hauoever
source derived; sod lhereupon it is hereby expreasly coven~nted aod a~reed th~t the Court s6a11 torth~ith appoiat such receirer r~tk j
the uswl power+ and duties of rsseivera in like cRSes; anA s~id appointoent shsll be aude !r the court as ~~atter o[ atriet ri~At to ~
~h~ 6{ort~~~ce, and withwt reference ~o ~he ~dequ~cy or inadequacy ot the v~lue ot the property herebY mortp~ed. ar to the solrency
ar insolveaer ot the ?IottsaLas a any other yarty de(endant to such suit. The Mortsator hereby speciticallr s~i~es ehe ri~ht to o4ject
h
to the ~ppoiatment of ~ receiver as a(oresaid ~nd Aereby e:pressly caosenu Ihat sucA ~Ppoiaueent sh~ll be ~sde ~s ~n adwitted equity ~
and ~s ~ weter ot ~bsolute ri~ht to the MortN~ce snd that tbe asme mslr be done ~?ithont notice to the Mat~ator• ;
(f) If foreclosure proceedia~a shouid be instituted ~~~inst the property corcred by tbi• aortpae upon ~nr other lien or cl~im r.hether i
•ile~ed to be superior or junior to the liea ot this moct~~se, the Matp~ee awy ~t bis option immedi~tely upon mstiwtion o( sucA suit
ot duriej the pendency thereot declare tbis mortt~~e aad the indebtcdaess secured he~eby due ~nd p~Y~01t (a~ritA and msy at ~ts
option proceed to forcclwe tAis mort~~~e. _
Th~t ~Ae Mortp~o~ ~ill tcep sll real and personal property nor or herestter eacusbered by the I~en o( this-~oat~a{e insured as way
be requi~ed fra~ time to tie~e by the Mort~atee ~~~inst loss by fire, ~indstore~ ~nd ot6er has~rds, c~swltiea and contintencies tor such
periods and ior not less t6aa auch amoun~s as may be reQu~red by the l~lort~aiee ~nd to p~y ptomptly whte dYt ~11 preauwns for such ~
insuru~ce. Ti~e asounu d iwuru~ce required br the Mort~~tee s6~11 be tbe wnisum ~sounts (or wA~cb s~id insurance ah~ll be written
and it shall be incumbeat ~poo tbe Mort~a~or to mainuin auch sddi~ion~f ~~,~.Me ~..r ~~~~«s.~r ~o m~ec .~a ~oapir r~ur .~~n ~
•11 co-insunnce ceauirements contsined in s~id policies to the eod tAat the s~id Nort~sior is not a co-insoror thereunder.lnsurance ,
sh~ll be ~?ritten by ~ cospenr or companie~ aDD~ored a des~~nated by the blortaa~ee aad all policies aad reae~~ls tbereof shall be held ~
py the Mat~a~ee. All detailed desi~nations by t6e Mort~~tw vhich ue acceptcd br the MortN~ee ~ad ~ll a~reeweots between Mortt~tor
aod I~t~~te rel~tin~ to ins~~nce. nor existins or here~t~er made. shall be in ~vritia~ and sA~lt be • psrt of tAis wart~a~e s~recwent
as (ullr ¦s thou~h set tortb rerbatim he~cin ~nd ah~ll ~overn both parties hereto aad their suceessors snd ~ssi~ns. No licn upon sny o!
s~id oolieies of inauranee a uPon aap retuad or'retum premiun+ rhi¢b s~y be p~yable on ehe c~acellatioe o~ tersin~tioa thereof. sh~ll
be ~iven to otber thsn the Mortt~~ee, eaeept br proper endorsement dfi:ed to sucA polity and ~Pptored Ar MortNLee. EacA policY o(
ina~r~nee sh~ll h~re •fGxed thertto a St~adud New York Mortt~{ee ClaYSe ~ithout Coatribuuoa, aakin~ ~11 loss or losses under such
policy paYsble to the A~lort~a~ee as its ~ote~est eesY ~pVea~. la ehe eveat aay swn o~ sum~ ot eoney becoe~e p~r~ble ihereunder the ~fori-
sa{ee shall Awe tht option to receive and •pply the s~~se on account o( tbe iadestedness Aereby tecured. or io perm~t tAe ~Mxi`aEor q
to recePre snd we it, or •ny put Nereof, •itAout thereby W~iria~ ar iiepainn~ any equitr. lien. a ~~~ht under and by vuwe o( th~. ?
enort~a~e. (n evsnt ot loss or phYs~cal dimase to !he mort~seed p~operty the Mortp~or sAal! {ivt ~mmed~ale nohce tAereut by ma~l In i
the Mwt~~~ee and Ihe lrbr~R~t~e may make prcx~f of losa ~f ~he same ~s not made ptomptlY by tht Nat~a~or. In eveet ~~f lrxe~ln~ure of ~
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