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Home My WebLink About0826 , i 1 f'RO~ 1111~1~ •1LK,~1'ti, ~ha~ if th~ \lur~gagor .I~all pa~ unt~~ the \h~r~gagre thr inJebtednt~~ rv~Jrncrd h~ a ~ ct~ta~n prumi.so~~ nutr ~+i Nhi~h the folluw~ng ~n Nurd~ and I~gurc~ 15 8 lfUd CA~fV l0-NI( _ . j ~4~~i~G /~4~C 61525, 00 _ Fort Pierce, F'k~~;dd March 1, ~~~75 PI:K VAI,('F. RECE;I~~t:i~ WF.. iointly and severally, pron~iK ~u pa~~ thr ~r~lrr -_JOHN_ C. CON~~RSE -cto~-~04 ~ - - - - th~ p~inci~~al ~f SIX THOUSAND FIVE HLTNDRED 'I'WENTY-FIVE and_ ~),(,A~ti, ~ogr.thrr with inlr~r~t ther~un from Jate al thr nte of 1~•n percenl, ~rer annum unlil maturity, bc~th principal and intrrecl bring payable in lawful monr~ uf ~ . ~h~ t!nitrd ~~atr. at '.'.`.'.~~-i Ri•~•aync lil~d., ~liami, Plurida, ur at such other place as thr holden: hereof may du:ignate in writinK. ; Principal and intere.t payable in imtallmen4. a.. fullows: ; ~ ONE HiJNDRED SEVENTY ($170.00) DOLLARS per month beginning on the lSth day of May, 1975, and continuing on the 15th day of each and every month thereafter until paid in full. This n~~te mat• be prepa~d in whole or in part after one year from the date hereof upon payment of a penalty equivatent.~ ~ t~~ ~•i~ht prn•r~~1 ~?f t6~• F?rincipal ~nm prrpaid. . ' ~ i F:acl~ in=tallmrnt pa~~mrnt ~hall be ~•redited fint un the interest due, and the remainder on principal; and interc•t shall thrre- ~ ~ upun ~•rav upun thr prin~•ip•rl .u ~•mditrd. ! 71~e maktn and rndor~n of tlii. nutr furthrr a~rFr to waivr drmand, nutice of nun•~~ayment and protcst, and in the evcnt suit ~I~all br hrou~ht for th~• ~•ull~•ction herec?(, or thr same has tu be collected upon demand o an attorney, to pay reasonabk attorney~s (rr• (ur making w~•h i•ullrctiun. I)~frrrcd pay mrnt~ hcrrundr~ >hall bear int~m~t at thc ~ate of ten percPnt pe~ annum from maturity until paid. 7~hi~ nob• i~ ~e~unJ by a mort~aK~ uf even date hrr~with and is to l?e construed and enforced according to the laws o( th~ ~tatr of Nlorida; upon d~fault in th~ pa~•m~nt of principal ancl/or interest when due, the whole sum of principal and int~nst rrnwining uopaid ~hall, a1 th~ option uf th~ holde~s, t~ecome immediately due and payat?le. i ~ . EAL) 3 { ~ i ~ _r ) Pr~p.r~d by ~pMl~r K Trndnch. Atloro~ys -'!2;if Bi~::yat Blvd.. ~liami, loti ar~J ~hall perform, cumply w~th and abide by each and every the stipulations, agreements, conditions and cove- nants of said ptomissory note and of this deed, then this dced and the estate thereby created shall cease and bc null and void. 1. The Mortgagor hereby covenants and agrees: ~ F (a) To pay all and ~~nsulsr the pr~nupal and intercst and other sums of money payable by v~ctue of sa~d prom~ssory note and th~s i deed, or e~ther, promptly on the days respecur•ely the same seveully becomes due. ~ i (b) To permit, conWmt or sufter no ~raste a~d to ma~nta~n the ~mprovements at all umes ~n a sta~e of 6ood repau and cond~~~on, and to ~ do or permu to bc done to sa~d prem~ses nothm6 that v~ll alter or chanse the use and character of sa~d property or ~n any Way ~mpau or Weaken the secunty ot this mon6aae. And m case of the refusal, ne6lect or mab~l~ty of the Mort6a6or to repatt ar.d matnta~n said proper- ~ ty, ~he Mort~aaee may, at his opt~an. make such repa~ts or cause the same to be made, and sdrance moneys in Ihst behal(. ~ (c) To pay a{1 and sinaular the taaes, assessments, le~~es, I~ab~hues, and obliphons of every nature on said descnbed property each and every when due and payable accord~na to lar, be(ore they became delinquent, and to deliver to the Mortgagee on or before blarch i ISth o( eaeh yeu taa receiptc ev~dencros the payment of all IawfullY ~mposed ta:es !or tAt precedin6 calendar ytar, lo mdcmn~ty the a Mortpaee upon h~s demand (or all tues, a.sessmems and char6es that may be assessed upon th~s matgaae on tt~ indebtedness ` cured hereby, and paid by th~ mort6agee, rithout re6ard to any law heretofore enacted w Aereafter to be enacted ~mposms ~ayment o: 1 £ the ~vhole or any ~art thereof upon the .l!ortga6ee_ ; ~ (d) To pay al{ arul smaular the costs, char6es and eapenses, mcludmg laryers' fees and absttact costs reasonably mcurred or paid at ~ any ume by thc A1ortEa~tee becau.e ot the fa~lure on ~he part of the Nortga6ot to perform, comply w•ith and a~~de by tach aod every the ~ st~pulaUons, agreements, cond~uons and covenants of said ptomissory note and th~s deed, or either, and every such~payment shall bear _ mtcrest (rom da~e at the rote ot ten 110°0l per cmtum per annum. ~ (e) It is furthu covena.:'c3 ~nd ajreed by said parties th~t in the erent of a suit beins inttituted to foreclose this mottp~e. tha Alort- ; ~ p~ee sh~ll be ea[itkd to ~pply •t any ti~ee pendin~ such toreclosure auit to t6e court h~vins jurisdiction thereot for the appointmen~ ; ot ~ receiver ot ~11 ~nd siasular the mortsa~ed property, and of all reats. incomes, profib. iuues and reveaues thereof. from whatsoever ~ source derived; and thereuyon it is hereby eapreaaly covenanted sod ~veed td~t the Caurt sbNl forth~ith appoint such receiver ~ith ~ the wual pwrers and duties of receiveu in like euea; ~nd s~id •ppointaent shsll be ade by the court as ~ matter o( atrict ri{ht to i thc Mortp~ee, and ~itbout reference to tAe ;deqwcy or inadeQu~cy ot the value of the property berebr esort~s~ed, ar to the solvency or inaolvency of the Morts~~ors or ~ny oWer party defendant to such suit. The Mort~~~ot hereby ~pecitic~l{y vaives the r~~ht to object to tbe ~ppointmen[ of a receiver as aforesaid •nd hereby eapressly consents th~t sucA •ppoiatment sh~ll be ~ade •a an adm~ited equ~ty and u a nytter ot absolute ri{hl to the Mortp~ee ~nd that the aase may be doae ~rithout notiee to the Mort~s~or. ~ ~ (t) If toreclosure proceediop should be instituted a~~inst Uu property corered by this mortp~e upoa any otAer lien or cla~m whetAer ! ~ alle~ed to be superior or junior to the lien of this mart~ase, the Mlorts~~ee may ~t his optioa iemedi~tely upon mstitution ot such suit a durinj the pendeney thcreof decl~re tbis 6arts~~e ~nd the indebtedness secured hereby due and p~yable forth~rith ~nd may ai ~ts _ oplioe proceed to foreclose t6is mort~~sa _ vs ~ ` _ Th~t the Mort~or rill keep all re~l ~nd personal property nor o~ here~tter encumbered by the t~en o( tAis eaat~~~e insurcd ~s may ~ be required frow tia~e to time by the Mort~~see apinst loss by (ire, winds~am ~nd other hu~rds, c~swl~ies ~nd :onunsencies (or such ~ ` periods •nd for not less Wan such amounts as aay be requ~red Er the Mort~a~ee and to par promptly rhen dut ~1) premiun?s (or such insurance. The aa~amta of inrurance required by tAe ?lorta~tee sh~ll be the siaimws amoun~s for vbicA s~id insuraece shall bc rr~~ten ~ and it shall be incuobent upon the Mortsa~or to oaintain such additional inauraace ~s my be necess~tr to meel and comply fully ~rith r~ ~ ~II co-iasunnce tequirements contained in said policies to thc end that the s~id Mortp~or is not a co-insuror thereunder.lnsunnce ~ 3 ~ shall be vricten py ~ co~pany or caopaaies sPproved or des~~nated br the Alort~a~ee and all policies and reoer~ls tAereot shall be Aeld y - by t6e Matpsee. All detailed desi~aations br tbe 1Aortsa~or ~rhich ue sccepted br tF~e 11ort~a~ee ~ad sll ~reemeets between Mort~~~or kti •nd Mort~asee re1~Un~ to in~ur~nce, now e~istin~ or here~(ter m~de, sh~ll be in rritin~ aad shall be a p~tt o( this mort~a~e s~reea~ent ~ ' u(ullr as tl~ou~A set forth rerb~tim 6erein ~nd sh~ll ~overn both a~tits hereto snd their auceessws ~nd assi~ns. No lien upon any o( ~ € sdd policies of. insuraece or upon anr retund or retum premiua wAieb s~y se p~y~ble oe We caeeell~tian or tena~aation thereot, sh~ll _ be ~iven to other tAan tbs Mortp~ee, except by proper endwaement •(fiaed to iutb polity and ~pprored by Matq~ee. Each policy of 5.~+ in~ur~nce ahall have atfiied thereto ~ Stsndud Nerr York Nortaa~ee Cl~use without Conuibution~ oukin~ ~II loss or losses under ~uch policy p~y~ble to the Morl~a~ee •s ils ~nterest may appear. In t6e erent sny sua~ o~ suas o( aaner becawe oerable thercunder ~he ~1ori- ~asee shall hare the option to receive and apply !he sase oe sccount of tbe indebtedness Aertby secured, a to permit the ~inrt~aRor % to receivt ~nd use it, or ~ny part thereof, ritAout thereby ~~irin~ or i~pairin~ •ny equitr, lien, or n~ht under and by v~rwc o( th~. mort~~se. In event of losa o? pAyaical dama~e to the mortss~ed property the Mort{a~o~ sh~ll ~ire ~mmed~~te notice thereo( by ma~l _ the Mwl~~~ee and ~he MnrtKa~ee issy mske proof of loss ~f the came ~s not made prwnptly by ~he Mort~s~a. In evrnt ~~f (r,re~ln.ure of - ~ ~ ~ . ~ . ~ ~ _ : ~ , - . = u;1~~ r.,~~`'_e~_.._..~.ti . , ~ ~ _ ~ - _