The URL can be used to link to this page

Home My WebLink About0307 t ; ~ ! {'Rl)~II){~11. ~1 H~11 Ih.i1 il Ih~ \1,~it~.~g~~r .1„~ii ~~nt~~ tt:r Vuttg.+s~~ lhr inJcblc~nr.~ .'<<.1.•n.rd M e € ?CllJlfl (1f~~7f11~\UI\ Il.~ll__~`~ N~Ut~l lt)l' ~~~~~~••+~Ifl~ Ifl'.~~~f.~? anJ l+gurc~ 1? J ~fUr l~~(~\ 1~~-N11 i ~ ~o~t ~c ~atc ~ ~__1, 97S .00 Fort Pierce, F'~„~;~~;, December 21, ~~i 74 ~ F'lIK ~I.l'F: KECF:I~'F:I) - WE~ jointl~'-- etld_ SeVEre_11~? ~ _ - - Promiy lu pa~ i1~~• ~,~dr~ ~~r ~~Y_ALBERT. and _ ~UItA _ LL ALBERT,_ his wife. _ _ ~~~r ~~~~~~~•~p+1.~~~» ~~r ONE_THOUSAND NINE_ HUNDRED SEVENZ'Y-FIVE _ and ~RrI.~R. ~~~~;r~h~•~ N~~~~ ~~~~~•~r.~ 1lirrr.~n f~u~n dat~ at th~• ratr uf t~•n ~?Cn•Pnl. ~~r~ annum until maturit~~, l?ulh prim•ipal and iul~•rc•t brinK pa~ablr in IaNful mun. ~~?f lhr ! nitrJ ~tat.•• at '.'.'~-4~ 1{iw•acm• lihd.. ~liami. Florida, ur at su~•h ulher placr a: lh~• hulden I~ereuf may de•ignat~• in v.ntin~. 1'rincipal and int~rrst payable in imtalln?enl~ a~ fullows: ~ FORTY-FIVE ($45.00) DOLLARS per mQnth beginning on the 15th ' d3y of February, 1975, and continuing on the lSth day of ~,ach and every month thereafter until paid in full. _ ~ Th~s note ma~• bt prepa~d ~n whole or in part after one yeac from the date hcreof upon pa}~ment of a penalry eyui~~alcnt ~ tu ~•~~~ht ~~rn•rnt ~~1 thr ~~rinripal ~um pn•~~aid. Fa~~h in•tallmrnl F?aymrnt ~haU l~r ~•rPdilyd finl on IF?r inlerrst due, anJ th~• n•~naind~•r on principal; and inlrn•~t ~I~all Ih~•n•- upun ~•~~a•r upun lhr ~?rincipal ~•n•dit~•d. : 7 hr- n?aken and rndurw•r. uf tl~i~ nut~~ furthrr aXrr~• to ~.aivr dcmand. ~~oticF uf nun-~~acm~•nl and prot~~t, and in lh~• ~•~~~•nt ~uit -liall br t~ruuKtit for thr ~•oll~•etiun h~mo[. or thr ~ame has to be collected upon demand uf an attumey, to pay rea.onaW~• atturnNy~~ ! i t~•~•- lur n~akm~ ~u~~h ~•ullr~•tiun. . ~ I Irf~rr~•d pa~ m~nt~ h~•mondrr ~haU hrar inl~v~~~t at th~• rate len percrnl p~•r annum frum maturit~• until paid. 'I'hi~ nutr i. ~e~ur~J by a morlga~P ~~f e~•en dal~ h~r~with and is to k~e cun~tn~ed and enforced accordin~ to th~ law. u[ th~ ~tat~~ ~?f Fl~xida: upon d~fault in lh~ pa~•mrnl o( principal and/or inte~~st wh~n d~e, the whole sum of principa) and intf•rr.l n•main~n~ unF~aid ~~all, al the option of th~ holden, become immediately due and payable_ ' ~ ~-j ` / ~ 4{~L~-L-`_Z3__,L'S ~i._~L.~-~~(~~ 1~.~ . l_ ~L.~_t ~ c`:. ~ ~_~=-~E_ (~F.:11.) . . :11' ' FI i~ . Pr~ r~d b~prler K Tendn~h. Utorney. -....~3(1 B~ccay~e Wvd , um~. dr w y ar~J shall perf~rm. cumpl~ ~~th and ab~dr by each and ecer~ the supul:~n~~n~, agreements, cond~tions and cove- nants of sa~d promi~~ory nutC and ~~f this deeJ, then th~~ deed and the estate thtreby created shall cease and be null and void. ~ s 1. The Alortgagor hereby cu~•enants and agrees lal To paY all and s~ngular the r:~n.~ra~ and +ntnc~~ .:r.d utncr +um. .~f monrp pa~ab?c bp vutut ot sa~d prom~ssoty note and th~s deed, ur e~ther, promp~ly on the days rcsprcu~.cfc the .e:nr sr~rre:!y he. ~mes due. ! ! (b1 To petmit, comm~t o~ sutfer no rasu e~J to ma~ntr~rt ~hc ~rr!pru~rrenb at ali um.es ~n a state o! good rcpair and cond~uon, and to ( do or permit to be done to sa~d prrmues nutn~rg !ha: w:ll alter or change the use and charaiter of .a~d proptrty or ~n any ~ay ~mpau or ~ ~eaken the secunty o( th~s mongag~. ~nd in :a.c oi thc ~rf~tial. neglect or inrosli!y of the titortgagur to repa~r aed ma~nta~n sa~d proDer- ty, the !?tatt6aEce ma>', at h~s option, make su:f1 K(~dl[1 :1; ~d'JGf .hc tid~( iu t+e madc, and advance money. ~n that behalf. . ~ (c) To pay all and s~ngular the [axr., as.r:nmrnt., 1c~ ic., ;iab~l~he~, and obligau„ns of e~ery nature on sa~d descnbeC property each and e~•ery ~hcn 3ue ana paYabl~ ac~ord~ng :u ia+, ^c1ore th~y becomc dthnquen:, and to deli~'er to the Alottgagee on a b~fore March IS~h of taeh ye~r ta~ rcce~pt. e~:dencin~t the pa>nent ~~t ali la+:ul!c impoced taaes for the preced~ng ealendar year, to ~ndemn~fy~ the Alortaa6te upon h~c Semand (or all !e~e.. e..c:~rren;. ar.d iharKc~ ~hat ma>' be asscs.ed upon :h~~ mor[gage on tAc ~ndebtednecs ~ cured htreby, an~ pa~d oY 'T~ur:R~Ber, •+~!h.~ut re¢a~d sn ar.y IaM rteretotore enxted or hereafttr ~o be enacted ~mpos~n6 ~ayment o: the ..hole or •ny ~art [hercof upen the \1~~reRagee. (dl To pay all and +~ngular th~ co.es. charge. and e~pan~c~, ~n:l~d~ng la~ye!~' ie~•~ and ahctract iosts reaconably ~ncurred or pa~d at any t~mr by thr ~1urt~tr~rc hrcau~r thc .`a:lurc :~n thr part ~~f tfir \SurtNaRar ~o pr~furm, cvmply ~~th and ab~dc by tach and t~•ery the s~~puLtions, agrcemrot~, ionu:t~on. anu c.~~cnant~ o: -a~d prom~ssocy nolc ard th~. deed, t~t e~ther, and e~ety such paymtnt shall bear ~ntcrcsl fcum da~c a~ thr r:tc of trn ~ Ih':? D~ r.~n:um ~rr ~nnu+-~. (e) lt is fw~her eovena. and a~reed by sa~d p~rt~ee that in thc event of a swt be~ns K+st~wted to foreclose th~s mort~a~e, the Mort- p~te sh~ll be entit{ed to spply •t any t~me pend~n6 such foreclosure suit to the court havin~ jurisdietion thereof fa the appo~ntment ~ o( a teceiver of ~II ae~d .indular the mor~6ascd property, and o( all tents, ~ncomes, profits, issues and revenues thereof, from vhatsoe~er ~ ~ souree derired; and thereupon ~t is hereby capreasly coven~nted and •geed th~t the Coutt shall focthvrith ~ppoint auch receiver W~tA 4 ~ the uawl po~rers and dut~es of receivera in like c~ses: and said •ppointmcnt shall be made by the court ~s ~ matter of strict ri~ht to y the A{ort~s~ee. and +~~thoul re(erence ~a the adequ~cy or inadeQuacy o[ the value of the property hereby mortsa~ed. or to tAe solvency F ` or insolveney of the Mort~s~ors or any other ysrty defendant to such suit. The Mort~~~or hereby speci(ic~lly waives the n~ht to object- ; ~ . to tAe appointment of a receiver •c aforesaid •nd hereby eapressly conscnts that such •ppointment sh~ll be made •s ~n admitted equny i •nd ~s a nutter o( sbsolute ri~ht to the Mort~~dee and th~t the same m~y be done rr~thout notice to the Morta~~or. ! ~ i;,~ If foreclosure proceedin~s should be ~nsiituted •pinst the property covered by th~a mortpse upon •ny other lien or claim whether ~ slle~td to be supenot or ~unior to the I~en of this mort~a~e, the Mort6aiee may at his opUOn iaunedutely upon institut~oe ot such suit j ot dunns the pendency thereoi deciarc ~h~e mrnia~sc ¦~d :'~e :~~'+eb.e3~.:ss s..-.--- h-.~by ~se sr.d zayablc r_•l~~;rh ^!~y ~~c ~ ~ optioo poceed to faeclose this mortsaee. ' n ; ~ Th~t tht Mortptot ~ill keep all resl ~nd person~l property nor or hereaf~er encumbered ~y the I~en ot this mwttate ~nsured as may be required from time to hme by the Mort;asee •pin~t loss by tue, winds~orm and other hszards, c~swlties ~nd con~io~enc~es for such ~r ~ per~ods ~nd ior not less Wan auch amoun~s as m~y be reQu~red by the Mrntp{ee and to pay promptly When due sll prem~ums fa such ~ ~nsur~nce. T6e amo~snts o[ inaurance rcywrod by the Mat~sgec shall be tAe min~mum amounts tor vh~ch said ~nsw~nce shsll be rritten ~ and ~t shall be ~ncumbent upa?-tht Mort~a`or to m~inta~n such ~dd~~~onsl insur~nce as m~y be nececsary to meet ~nd comply (ullr v~th all co-insutanee aquirements contamed m s~id poGcies to the end that the sud Mort~~~or is not a co-msuror thereunder.lnsurance ~ shall se ~ntten by ~ coapany or comD+n~es apptoved or des~an~ted by the MoreN~ee snd ~11 poLc~es and renev~~ls t~ereo( shsll be held ~ry by the Matq~ee. All de4~lcd desi~nat~ons by the Mort~a6or wh~ch •re accepted by the Mort~a~ee •nd all ajreements petween Mort{a~a sr.: and Mortaa~et reLt~n~ to maurance, novr e:istm~ or here~fter made, ah~ll be in wntin~ and sh~ll be a part o t is mortp{e ~~reement ~s r~ur •a ~bouLh set fatA verb~nen herun and eha:l ~overn both part~es hercto and their successors at?d assi~ns. No lien upon aoy of ~ a~id polieies ot insurance or upoo •ny refund or rcturn prem~um rhicA nuy be p~y~ble on the c~nctll~tion or term~n~t~on thereof, sA~ll be ~iven ~o other than the Mortsa~ee, eacept by prope~ endorsement •(fiaed to such pol~cy and approved by Ma~~a~ee. Each policy of s ~ iniunnee sh~ll h~ve affi:ed thercto a Standard Ne~ Yort Mor~psee Clsuse w~tAout Contnbut~on, mskin~ •II loss or lossea unJer ~uch ~ policr paYable to tAe Ma~tNiee as its ~nterest m~y ~ppe~r. In the event ~ny sum or sums o! maney become p~yable tAereunder the ~tort- ; ~ ~~~ee shsll havt tAe opuon to receive and •pply tAe s~me on account of the ~ndebtedness hereby secured, a to perm~t the ~1~r1~sRor i 1o rett~~e and use il, or •nr Dart therto(, wrthout lhetcby vrnvm~ o~ ~mpa~rins any eQu~ty, Gen, ot n~ht under and Ay vutuc ot th~. mal • e, n event of los~ or ~e to the morlaased peoperty the Mortpaor sha11 6ive ~mmedutt not~ct Iherco( by mnl ; ~~f i ~ 1 phYs~cal dama Iht !Hurt~~~ee rrn! tht Mor~EaRee may make proo( of loti~ thc c~me ic not made prumptly by tht \tortaaga. In evrnt nf fwe~ln.urt o( k ` ~ ~ .3,~- o e n acr.~ ~ : r , ~ ~ _ , ~r~~~:•=.