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Home My WebLink About1551 i • ~ ' . ~ ~ i i f'Rt)\'IDf=h. ~I.NAI'S, ~ha~ ~f ~h~ \tur~gagor shrll pa> untu the ~k?rtgagr~ thr ~ndebtednr~. r~ ~Jrncrd h~ ~ ctrta~~ pnHni.~vn nutr ~.f Mh~ch the fulluwin~ ~n w~~~d~ anJ f~gurca ia a irut c~.py to-w~1 l,f~ s_~$~~_,_QQ ~ Fort Pierce, l~lorida Februar,y 6, ~y 75 tl1K \':11.1'f: NE(:F:1~'F:1) WE1 iointly ARd severally, promi.e tupa~• to the urdrr o( _EIyWARD_ BROW~ND C~R9~_ BROW ~T. his wife gg th~ pri~cipal .~nn o( ONE THOUSAND EIGHT HUNDRED TWENTY-FIVE and t ~~t~S, togelh~t with inler~~t ~ thereon (rom date at thr ~ate uf t~n pe~rcent, per annum until maturity, both principal and iut~rest 1?ring payable in lawful mom•y uf thr l?nitrd ~tate~ at '.'.'d-i~1 Ki•caynr Bhd., ~liami, Florida, or at such olher piace as the hoiders hereo( may desig~ate in writing. r I'rincipal and intere~t payable in installmenta: as fQllows: ~ , ' FORTY-FIVE ($45.00) DOLLARS per month beginning on the 15th day of ~ April, 1975, and continuing on the 15th day of each and every month thereafter until paid in full. This note may be prepa~d in whole or in part aftet one year from the date hereof upon payment o[ a penalty equivalent t~ riKht ~~rrr:•~rt uf lhe prin~•ipal ~um prrpaid. F.+ch imtallmPnl payn?rnt ~6a11 l~r rrcdited fint un the interest due, and the rcmaind~~ on principal; and inten~•t shall th~•rr- u~~un ~•ra~.• upun th~• principal u? rrrditrd. Thr a~ak~n ~nd rndunrn of thi~ not~ furthrr agrre tu waive demand, notice of nun-payment and protest, and in the ~venl ~uit •h~ll br brouRht for thF collretion hcrrof. ur the same has to be coltected upon demand of an attorncy. to pay reasonable attorney~s (rr~ lur makinR ~u~-h ~•ullretiun. I)r(~rr~d paymrnt~ hc~~undrr shall bear intrrest at thc nte of ten perc~nt p~r annum (~om maturily unti) paid. 7'hi. not~ ic ~curcd hy a mort~aR~ of even date h~rcwith and is to be construed and en(orced accordir?g to the laws of th~ - €~tat~ of Florida; upon default i~ the payment of principal andlor inte~est when due, the whole sum oi principal and int~rest ~rrnwininR unpaid .hatl, al th~ option o( the holde~s, become immediately e and payable. S - ~ - . ~sF ~~L~ Prep~rrd by ~prler K Tendri~h. Altorney~ - 2Y40 Biscayne Wvd., I1liami, F arida i ar~J ~hall perform, comply w~th and abide by each and every the stipulations, agreements, conditions and cove- ~ nar?ts of ~aid promissory note and of this deed, then th~s deed and the estate thereby cteated shall cease and be null and void. 1. The Mottgagor hereby covenants and agrees: (a) To pay all and ~~naular the princ~pal and intcrest and other sumc of money payable by virtue ot sa~d prom~ssaty note and th~s deed, or e~ther, pranptly on the days ~espec~~vely the same severally becomes due. (b) To perm~t, comm~t or sufter no Waste a~d to ma~ntain the ~mprovements at all t~mes in a state ot sood repa~r and cond~tion, and to , do or permu to be dune to sa~d prem~ses no~hm~ that v~~11 alter or chan~e the use and ch~ncter of said property or m any vay impa~r or aeaken the secunty of tA~s mor~saae. And ~n case of the rcfusal, ne~lect or inab~6ty of the Mort`asor to repa~r ar.d mamu~e s~id proper- ty, the MortpRee may, at his opt~on, make sucA repa~rs or cause the same to Ee made, and adrance moneys in ~hat bahalf. (c) To pay all and c~naular tAe taxes, assessments, lev~es, hab~l~ties, and oblisat~orrs o( every nature on sa~d descnbed property cach and every rKen due and payable accordina ~o law, be(ore they become deliaquent, and to dehverto the Morttasee on a be(ore March lSth of each year taa receipts ev~dencin6 the payment o( all lar(ully ~mposed taaes for the preced~ns calendar yeat• to ~ndemmfy the ' Mwtsa~ee upon his Jemand fa all ta:es, a.sescmen~s and char6es ~hat may be assessed upon this mort6aae on tAe•indebtedness ~ cured hereDy, and paid by th~ m«t~a6ee, r uhout rc6ard to any la~r heretotore enacted or hereafter w be enacted im ~ s pos~ng ~ayment o. tAe Whole or any ~art thereof upoo the ~1o~t6a6ee. ~ (d1 To pay all and sin6ular the costs, char6es and expenses, ~nclud~n` la+ryers' fets and abstract costs reasonabl • y incurred ix pa~d at ~ any ume by ~he Slortsagee because o( the fa~lure on thc part ot the Mor~6aaor to perfo?m, comply r•~th and ab~de by each snd rvery the st~pulat~ons, asreemeols, cond~tions and covenants of sa~d pranissory note and th~s deed, or e~ther, and every such'payment shall bear ~ ~nterest (~om date at the rate ot ten ~~p'G) p~r centum per annum. E (c) It ia fur~ba corena~'_3 and aveed by said p~rties th~t in the cvenl o( a suit beiu~ ioatituted to toreclose Nis matp~e. the Ala~t- ~ p~ee sh~ll be eetitkd to ~pply at aoy time peadin~ sucA toreclosure suit to tbe court h~ri es jurisdietim thereot ta tbe appoiatment of ~ rteti~et of dl and sieaular the oort~i~ed p~operty. and ot all reeb~ iocaaea. ~~ts. iaare~ and rercaues Uereot. frae ~rhatsxver ~ source derired; aod ~Aereuyou it ia Aereby e:pressly corenaeted ~ed ~ireed that tbe Caut s6a11 fath~i~D ~pooiat soch receiver rith t the uswl po~er~ and duties of receiven in like e~aei; ~nd a~id •ppoiansent sAall be made by the corrt as ~~atter of striet ri~f?t to t tAe Ma~tss~ee, and rithout referenee to the ~deqwcy or inadequacr of tAe ~~lue of tbe property herebr mort~aaed. or to the aolvency = or inaolveaey of tke Nortss~ors or anr other ¢arty defendant to sucA :uit. The Mortpsor hereby specifie~llr ~aives tAe ri~6t to object ' to the appoinueent of ~ receiver ~s atoresaid ~nd hetebr eapressly caueots tbat •ueh ~Ppointsent ~h~ll Ae sade as aa admitted equ~iy ~ •nd ~s a ytter of abaolute ri~ht to the Mortp~ee sad that tAe s~se s~p be done w~ithont notice to tbe Nats~~ot. E (f) If fareclosure proceediep ahould be iastituted a~ainat the propertr covered br this eortN~e upon ~nr other lien or claim whether ~ stle~ed to be superior ot junia to the lita of Nis sortp~e. We Mott~a{ee m~y at 6is optioe i~sedi~tely upon lnstitution of sucA suit ~ or dwin{ the pcndencr tbereof declare tbis mart~a~e ~nd the indebtedaess aecured 6erebr due ~nd p~yable lorth~ri~A and may ~t its oplion prxeed to totecloae tAis mortp~e. ~ T6~t 1he Mat~or vi11 keep all real and personal proocrtr oos or 6ereslter eecusbered br the lien of tAis uortia~e ~nsured ss may ; be reauired fras tiae to tise by the Nort~a~te asainst loss br tire, viedstors tad otber Aazards. c~swl~ies ~nd conun~encies tor such { periods ~nd for not leas tbaa such ~a~orats ai ~y be reau~red by the ~or~aas~e .oa ~o wr v~ovw~r •y~n a~ .n ~~¦~w~ r« .~n insur~ace. ibe amounta ot insarance req~ired br We Irlort~a~ee s6a11 be t6e ~ini~ ~sowt• tor w~AicA s~id inaut~ace shall be ~rnttee ~ uM it sAall be tOCYSbCOI Ypp1 fI1! MOfts~~Of l0 O~I~Itaia ~ucb additioo~l IA~1f~Ott ~f O~y bt DtClSftfy ~O altCt tlld COO1pIy ~YIIr with t ~II co-imwu~ee require~eeb contaioeA in s~id polieies to the eod that tAe s~id Mortia~or is no~ a co-insuror the~eunder.lnsurance € s6a11 be w~tittto by ~ co~p~ar or cospaaies ~Optoved or desi~n~ted br the ?Iat~asea aed ~11 policies and teae~ali tdereof sAall be Aeld ~ ` by the 1~lortq~ee. All de4iled desi~eations Ar tre 1/ort~~~or rfiich ue accepted br the Motys{ee aad ~II ~reesents bet~een A/ort~~~or ~ ~ed Mort{a~ee rel~tins to in~urance. no~ eiistin~ ot here~fte~ a~de. aball be in ~ritia~ ~ad sh~ll be ~ p~rt of tbis natsase a~recwent - u fullr as thou~,h set farth rerbatis herein and sh~ll ~orern botA arties herew aed Oeir soccessors ~sd ~asi~as. No licn u~ sny of ~ sdd oolieies of insurance or upa~ aar refw~d or retrm ~ewius ~hieb ~r be p~y~ble on tAe c~seell~tioe o~ ter~iaation thereot. sh~11 ~ be ~i•en to aser ~han tLe No~t~s~ee, eaeept br p~oper endorse~ent ~(fiaed to sucA policy and ~Oprored by Matp~ea Each policy o! in~ur~nce ahall sa~e Jfiied tbere~o ~ Sund~rd Ne~ Yak I~latp~ee Cl~~se ~ithout Cootribatioa. akin~ all loss a losses w~der such e Oolier p~ysble to iAe Mortpsee as its ioterest sar appeu. le tbe e~sat asp sus or swu of sooer bteowe ajrable tAettunder the ~tort- # ~a~ee sAall Mvt We option to receive aad ~Pply tbe i~~e on ~ccoYnt of 1be isdebtedness hetebr secured, o~ to perm~t the Mrx~~sEor to recei~e and rse it, or •er p~rt therco(, witbout lbercbr ~r~iviaj or iwpairin~ any equitr, lien. or n~At under and by vutue ot ~h~. t mort~a~e. In event of loss or physic~l daau~e to tbe sort~a~ed property Ne Mortp~o~ sA~ll ~ive ~nreedi~te nouce ~dercuf by mail t~~ i = the ~~a.a« ~nd ~Ae INor~~a~ee Aay make proof of loss 1f the ~aae ~s not made prwnptlr by ths ~1lorta~{~a. In even~ of ture~ln.ure o( : 5 OR ~ ; so~2~36 P~1550 _ _ - ~ ; - ~ e.~F_~.~.~;_ _ . . . _ . _ . _ _ ' - , d'SC^S