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Home My WebLink About0848 . ~ ~ } i NRt)~'ID1=1~. •\1.N.11'ti. tha~ if thr ~lurtgagw .hall pa~ un~~+ ~he \k~ttgagr.: thr inJebtednr~~ rv~~.ncrd M a ~ ctrta~n ptum~.+an nutr ~•f wh~rh thc full~~w~ng ~n w~~td~ and f~gutca ~s a trur cnpy to•w~t ~ ' . S 3, 575 . 00 _ Fort p i,erce.;_ Flor~da FehruarTL7 19 fi1K \',\Ll'h: RECH:I~'F:11 WE ointl~.7[lc~ severallX,__ ~,~o~,;u ti~ thr u~dr~ ~RL HERRON arid~~NCES S. HERRON, fiis wi~e . _ th~ principal .um o( THREE THOUSAND FIVE HUNDRED SEVENTY-FIVE a~~10~~t~+, geth~r with intr~e.t ther~un (run~ Jate at th~ rat~ u( trn ~n~nt, per annum until maturity, both principa) and iulrrest t,ring payable in law[ul muury uf ~lhr l'nitrd ~tatrs at '.'.'.'.-W f{i.cayn~ t3hd., ~liami, Florida, w at such other plact as the hulders hereof may deaignate en writing. Nrincipal and int~re~t payable in imlallm~n4+ a.c ~ollows: , . • p SEVENTY-FIVE ($75.00) DOLLARS per month beginning on the lSth day of April, 1975, and continuing on the 15th day of each and.every month thereafter until paid in full. Th~s note ma} be prepaid in Nhole or in part after one year from the date htreof upon paymeat of a penalty equivalent tu ~•iKht prrcrnt uf tlu• prin~•ipal •un? prr~wid. ~ F.a~•h ~n~tallm~•at paymrnt ~hall I~r rredited firct un the interest due, and the remainder on principal; and interc•t shall th.•~~ ~ upun ~-ra...• upun tl~~• ~?rincipal H~ ~•rrdit~d. Thr niak~n and rndunen uf tl~i> nut~ furthrr aKrre tu waive demand, notice uf nun-payment and protest, and in the event ~ui ~hall hP brouKht for th~• cull~•cliun heree~[. o~ the same has to be collected.rp~pn demand of an attomey, to pay reasonable attorney'. frr~ fur makinK wch cullrctiun. Urf~m•d payment~ hrreunder.hall bear interc.t at the rate of ten percrnt per annum frum maturity unti) paid. 7'hi< n~.t~ i.~ ~ecurcd by a mortga~~ of even date' herewith and ic to be construed and enforced according to the laws of the ' ~tat~ of Fl~Kida: upon d~fault in the pa~~ment uf principal and/or interest when due, the whole sum o[ principal and int~rest rrmaining unpaid ~hall, al the option of th~ holders, become immediately due and payable. . , _ ~ (SEAL) S~ _~l , , ~ r~H:A~~ Prep~r~d by ~pKler ti Tendnch, :11tom~yc - 2240 Riccayne Blyd., htiama londa ! i ar~d ~hall perform, comply w~th and abide by each and every the stipulations, agreements. conditions and cove- ' nants of said ptcxnissory note and of this deed, then this deed and the estate thereby created shall cease and be j null and void. ' 1. The Mortgagor hereby covenants and agrees: _ (a) To pay all and ~~nsular the p~nc~pal and ~nterest and other sumc of money payable by vutue of sa~d prom~ssory note and th~s deed, or either, promptly on tht days respect~vely the same stverally becomes due. (b) To permit, conwnH w suffer no raste a~d ~o ma~ntain the ~mprovements at all uenes ~n a state of sood repa~r and cond~t~on, and to i do or permu to be done to sa~d prem~ses noth~na that ~v~ll alter or chan`t the use and character of sa~d property or ~n any Way impa~r w reaken the secunty ot tAis awrteaae. And ~n case of the refusal, ne6lect or mab~l~ty of the Mort`a6or to repair aed mamta~~ sa~d ptoper- ~i ty. ~he MortpRee may, at h~s opuon, make such repaus or cause the same to be made, and advance moneys m that behalt. j (c1 To pay all and sinaular the uaes, assessments, lev~es, lub~l~hes, and obliptions of every nature on sa~d desetibed property each ! and every ~rhen due and payablt :ccord~n6 to lar, before they become deGnQuent, and to delrver to the Mortda6ee on or be(ore March , ~ ISth ot eaeh year taa receip~s endenc~na the payment ot all lar•full ~m ~ ; y posed taxes tw the preced~n~ calendar year; to ~r.demmfy ~he ~ Natsa~ee upon h~s demand for all Uxes, assessmen~c and chatses that may be assessed upon th~s mort~aae on the indebtedness , ~ cuted hereby, and paid by the mortEaEte, r~thout re6ard to any law~ heretofort enacted ot herea(ttr io be enacted ~mposm` payment o: ~ the rhole or any ~ar1 Iheteot upon the A1ortEa6ee. (dl To pay all and s~naular the coc~c, char6es and expences, mclud~na law~yers' fee~ and abstract costs reasonaDly ~ncurred nr pa~d at i any t~me hy the ~lortgaEee becau.e ut the fa~lure on the pan ot tht 1?lort`aaor to perform, comply w~th and ab~de by each and tvery the ~ sUpula~ions, agreemenis, cond~uons and covenants of sa~d promissoty note snd th~s deed, or edher, and every such~payment shall bear ~ in~erest from date at the nte of ten UO°.) pcr cenwm otr annum. ~ (el lt is (urthu co~eaa._'_3,and a~ced by said p~rties that in the event ot a suit beir?i iastituted to fateclose this mort~a~e, the Mott- ~ p~ee shall be eetitkd to apply •t any ti~e pendin~ ~ueh faeclosure suit to ebe court h~rin~ jurisdictim thcreof for the ~ppoiatmem ` ~ of ~ reeeiver of ~II and ain~ulsr the eor~ a ed ~ { ~ properiy. and ot ~11 reab, iocoses. profita. iasues asd rereaues ~hereof, Gae ~h~tsoever z source deti~ed; aod tbereapoa it is herebr eapre~sly covenanted •od •~reed tb~t the Court sh~ll fonhritA ~~oiet sucA recei~er ~ritA the uswl po~rer+ and duties of receiven in like e~ses; ~nd said aopoint~cnt sA~ll bc eade by tbe court ~s ~ matter of strict ri~At ~o ~ tAe M/orts~~ee. uM ritAout reference to the adeqwcy w inadequacy ot the value of the propcny heteby owrt~~~ed. or to the solveecy ' a insolveaty of tAe Mat~a~ars or any other yarty defeadant to suc6 suit. The Morep~or hereby aoecifically ~aives t1?e ri~ht to objeci ~ to the ~ppointmen~ of a receiver ai ~fores~id ~nd Aerebr espresaly coasents tAat sueh appoiatsent shall be ssde •s ~n admitted equ~iy ~ and as ~ wtter ot absolute ri~ht to t6e ?latp~ee and th~i tbe s~se s~r be doae w~itbout notiee to the ?lortp~ot. . ~ (f) If fo~eclosure proceediap should be instituted a~~inst tAe propettr covered py Wi• eortpse upon anr other lien or claim ~hether _ •Ile~ed to se superia or junior to d~e lien ot ~6is mortp~e, the Mort~s~ee wy at his optioe idsedi~tely upon institution of such suit or duria~ the pendency thertof declare tbis mat~~~e ~nd tbe irdebtedeese sec~red hereby due ~nd P~y~ble torthrith ~nd may at its option proceed to foreclose t6is mort~~~e. ' ' ; ~ ` Th~t t6e Mott~or rill ktep all re~l and petson~l propetty ao~r ar heteaftet tacuubered by the lien of tAis sort~a~e insuted ~s may ~ be required frosi tiae to tise by the Mort~~~ee apinst loss Ey fire, vindstorm and otAer h~i~tds, c~swlties ~nd contin~encies for such ~ pe~iods and (or not It» tAaa such amounts as e~y be repu~red by the Alortaaaee and to pay pro~ptly when due •11 prem~ums for iueh ~ w insuranee. 7Ae ~aaunta of ia~ur~oce required br tAe Morts~~ee s6~11 64 tbe oini~wa awounts (or .rAich s~id inaunnce shall be ~~~uen 4 and it a6all be IfICY~CAI Yp011 tJl! MOfI~~~Of 10 W111U10 such ~ddition~l imur~nce ~s aay be necessary to o~ect and comply fully vsth s all co-iasunace require~enu contsined in s~id policies to the eod that the s~id 61on~~~or is aot ~ co.iesura tAereunder.Insur~nce ( sh~ll be rritten br a caepanr a coopaaics a~ored or desi~asted by tbe blorc~a~ee aed all Policies aad reaew~ts thereof shall be Aeld ; by the Matp~ee. All detaited de~i~natims by t6e Mort~~~or rhicA ue accepted br the Mortq~ee and atl yreesents bet.een Mortsa~or = and Mort~aaee rel~tin~ to insuraeec, no~ eaiatin~ or here~fter m~de, sh~ll be in writios ~nd shall be a put ot this mortN~e ~~ree~ent ~ u(ully as tbou~A iet (orth ~erbui~ herein and ib~ll ~ovem botb Partie~ hereto snd their snccesaors uW assi{ns. No lien upoe any ot uld ooticies of insurance at upoe aar refund or retum ~e~ira r6icb ~ur be p~y~ble on tAe uaee0~tion or tcrwia~tioa ~hereof~ sh~ll be siven to other rhan the Nort~~~ee. eacept br Prope~ endorsesent •ffiaed to s~eA poliey ~nd a~tored by 61at~s~te. E~ch policy of _ iasYranee ahall have a(fixed thereto ~ Standud Ne~r Yak Mortpjee Cl~we riWont Contributiaa. eakins ~11 loss w losses under .uch ~ oolicr p~rable to the Mortp~ee ~s ~b mterest say ~ppear. le Wt e~eat any s~w at sw~s ot ~oetY ~cowe ~y~ble thereunder the ~lort. v ~~~ee sh~ll 6~ve the optioe to receive and •pplr t6e sa~e on aceo~nt ot We iadebtedness Aereby secured, or to pena~t ~he MnrtsaRnr to receive and we it, a any part tAereof, •ithout tAcrebr •~ivini ar ieP~irin~ any epuity. lien. or n~At under and by v~rtue of ~hi. nart~a~e. (n erent of losa or phrsical daies~e 1o the iaort~s~ed properly the Mortq~a sb~ll ~ive imned?~le nouce thercuf by mail -i 1Ne A4xtp~ee ~nd the Mor~`a~ee may ma4c proof of loss ~f the sype~s~p~t prwnpt~y~~~tat~s~a. In erent r~f tare~l~.•ure of ~ V BOOK PACE ~ ~ ~ ~ .E.. . - . , .