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Home My WebLink About1991 I'Rl)~ 11)F11 1l NAYS. lhal it ~h~ Vurlgag~~t ?IIJII (~J\ unU~ lh~ \1~~ttga~rr thr ~ndehtedn~.. r~ i~rn.cd M.~ .r+t.~i~ p~~,in~..~.t~ m,~r__~~~ uhirh thr f~.ll~~.?m~ in ~~,r.f~ and ligurc~ a trut ci~pv t~•-N~t ~Z~~i~Q~i l~ S 1,625_.00_ Fort Pierce, h•~i~~~~~a_ MaY'ch 6L ~y 75 ~ (I F~?R ~'•~Ll'F: RF.~:F:I~'I:i~ WE ointl - and severall~y I ~ - ~ romi~• tu t~~ th~• ~~rd~•r ~~f SOUTHLAND DISTRIBUTORS OF TAMPA I~1~.` . P~~FI~T-~~ I~LAI~ alld - - - - - - - - - - - ~I~r prin~~ip,~l ~f _ONE THOUSAND SIX ~iUNDRED TWENTY-FIVE and~ ~Q~R;~, ~~gethrr with intrrr~t thrreun fru~n ~iat~ at th~~ rat~• uf lrn pr~crnt, p~r annurn unlil maturity, twth principal and int~rest bring payabte in lawfu) monry uf thr t'nitrd ~tat~•~ at '''.'.~~-1 liiva~ne lil~d., ~tiami, Hlurida, ur at such otLer plact as the holdero hereu( may designate in writing. Principal and ir~trrc~t payable in in~lallrncn4+ a.. follows: THIRTY-FIVE ($35.00) DOLLARS per month beginning on the 15th day of May, 1975, and continuing on the 15th day of each and every month thereafter until paid in full. - Th~s nate may be prepaid ~n ~•hole or in part after one year from the date hereof upon payment of a penalty equivalent tu ~•iRhl p~•n•~v~t uf tl~r prin~•ipal ~um pn•paid. . E:a~•h in•tallm~•nt paynu•nt ~hall b~• ~•n•ditrd (int on the iriitrect due, and thr remaind~r un principal; and intere.t shal) thr~r- ~pun ~•~•au• upun th~• prim~~~~al ~'f~•/~IG•II. t ~ 7'hr mak~n and rndur~rr. ~~f thi• nutr (urth~•r aKn•r U? rvaivr drmand, noti~~~ of nun-{?ayment and protest, and in th~ ~~•ent ~uil ~hall br brouKht for thr ~•ullri•tiun h~reof. or thr .ame has to be collected upon demand of an attorney, to pay reasonable attorney~s ` fr.•- fur makin~; ~w•h i•ull~•~•tiun. • 1 I)P(~rmd ~ ay mrnt~ hrr~undrr ~hall brar ~nt~•r~~t at thc rot~ of ten percent p~r annum frum maturity until paid. Thi~ nntr i• v~ureJ bv a mort~aR~ of rven Jat~ h~r~with and is to be constru~d and enforced according to the laws of the ~tatF of tlorida: up~~n d~fault in th~ pa~•mrol of principal and/or interest w due, the whole sum of principal and interest rrmaining uop~id. ~i~all, at lh~ option of th~ huldcrs, becomt immedialely du d payable. .S ~s~a~~ ~ ~ - ' (SEAL) Pr~F~rrd A~ ~p~r~~r K Tendn~h. :\ttornry. - 2~L~0 B~vayne Wvd., !Niam . F~orida ar~d shall perform, cumpl~• with and abide by each and ever~• the sUpulations, agreements, conditions and cuve- rtants of ~a~d prumissor~• nutr and ~f this deed, then this deed and the estate thereby created shall cease and bc null and void. 1. The Moctgagor herebt~ co~~enants and agrees~ la) To pay all and s~nsular the ~w~nc~pal and intettst and uther sum~ ot mnney pa~able by v~rtue ot sa~d prom~ssory note and th~s k deed, or e~tAer, promptly un the days respccuvely the same sc.cratty n~~umes due. ; (b) To permu, commu cx sut[er no vaste aad to mainum the ~mprovtments at all hmes ~n a state of good repav and cond~twn, and to ~ do or perm~t to be done ~o sa~d prcm~ses noth~ng that ~~II alter or cAan~e the use and ch~racter o( sa~d property or ~n any way ~mpa~r ~x ~ r~eaken the secur~ty o( this mortgage. and m case o( the rcfusal, ne~lec~ or ~nab~l~ty of the Mortgagor to repa~r aed mamta~n sa~d proper- ty, the \latsaRce may, at h~s op~~on, make such ropaus or cauce the ssme to be made, and ad~ance moneys m that behalf. (c) To pay all and s~ngular [he ta?es, assecaments, le.ies, I~ab~liues, and oDGgauons of ev~~y nature on sa~d desenbed property each and every when due and payable accordinE to law, bef«e they become del~nquent, and to deliver to the Mortgagee on or before S1arch ISth of each y~u tax rece~pt. er~Jcnc~ng the payment o( ali lawlully impoced ta:es for the prectdmE catendar ytar, to md~mn~ty the - N«t=a6ee upon h~s Jemand (or ell ~axcs, a.sescmentc and rhu6es ~hat may be assessed upon th~s mortgage on the ~ndebtcdness ? curcd hereb~•, and pa~d by ~h~ m~xtgagee, wlthou~ rcgard to any law herctofore enacted or hereafter [o be enacted ~mposin6 ~ayment o: thc ~hole or any ~a:t therco( ~pon thc St~=:tEagec. . ~ (dl To pay all and s~ngular the c~sts, charge. and eapenceti, ~nclud~n6 law~yers' fee~ and abstract costs teasonaAly ~ncurred nr pa~d at g any umc by thc ~turtgagcc Ae.au~e ut ~h~ failure on ~hr part of the ~turtgagor to perform, comply w•~th and ab~de by each and a~er~ ~hc ~ st~pulauons, aRreements, cnnd~t~onc and cocenao[s of said prom~ssory note and this deed, w a~ther, and every such~paymcnt shall bcar intcrtst trom da~e at the rate of ten 11(Y~{ prr crntum per annum. ``s ~ (el It ia further coven~.:'=~ and a~reed by said partees N~t in the event of a suit bein~ instituted to foreclose th~s mort~a~e, the Mor~- ~ t~~te shall be eMitled to apply •t any time pendin~ such toreclosure suit to the court harin~ juriadict~on thereof (a 1he ~ppo~ntment o( a receiver o( all and tinsular the mort~a~ed property, and ot all tenta, iacamcs, pro(its, issuea and rerenuea theteof, from ~rhauoever x source derired; and thereupon it is hereby eaprossly covenanted aed ~~reed tA~t the Coutt sh~ll forlhritA appoint such receive~ ruh 'y the uswl powera and duues of reecivers in lite cuea; and s~id ~ppointment sh~ll be made by tlie court as a matter o! stric~ ri~ht to the ?~lort~a~ee, and without reference ~o the ~dequacy or ~nadeQuacy o! the v~lue o( the property heteby mort~a~ed, or to ~hs sotvency ~ or insolvency of the Mort~a~as or any other party detendant to sucA suil. 7Ls Mortp~or hereby ipeci(ic~lly v~ives the n`ht to object ~ to the appointment of ~ receiver aa atores~id and hereby eapresaly consents th~t ~ueh appointment sh~ll be aade an admitted eQu~ty ` and as a~tter o( ~bsolute ri~ht to the Matp~ee snd th~t the s~me wy be done without notice to the Mott~~~or. (f) If foreelosure proceedinp should be inatiwted apinet the property covered by this aartp~e upon any otAer lien or cla~m wAether ~ alle~ed to be superioc or junior to the lien of this mo~tsa~e. the Ulorlp~ee may ~t his optioe immedi~tely upon mst~wtion of such suit ~ or durin~ the pendency thereof decl~rt thia mat~~~e and the ~ndebtedn~u, secured hereby due and p~yable fathw~th and may at ~ts _ option proceed to foreclote this tnortsate. _ ([1 Th~t the Mo~t~asor rill keep all real ~nd person~l property nor ot hereaftcr encumbered by the l~en of this e~ortsa~e ~nsured as may be required trom time to titse by the Mort~s~ee a~ain~t loss by (~re, w~ndstorm ~nd other Aazards, c~swlt~es ~nd contin`enc~es for such per~ods and ior not less thaa such •enoun~s as msr be repuired by ~he Mortq~ee and to pay promptly rhen due •11 prem~ums fa such m~ur~nce. The ~mounta o( inaurstue reQuired by the Mort~~aee shdl be tAe minimuen amounts (or vA~ch sud ~nsur~nce ~h~ll be wntten ` and it sAall be ineumbent upon the Alort~a~or to maintain such addit~on~l inauranee •s may be n:cess~ry to meet and comply tully vith •11 co-insur~nce tequitements contained m s~id policies to the ead that the s~id Mort~~~or ~s not a cainsuror thereunder~nsurance shal! be aritten by ~ coop~ny or comp~n~es apptoved or des~~nated by tht Mort~a~ee and ~11 pol~cies sod reoe~r~ls thereof sh~ll be held ~ by tAe Ma[~asee. All de4iled desi~nations by tAe Mort~a~or .hich are accepted by du Mort~a~ee and all ~reements betMeen Mort~a~or and A~lory~~ee rel~hns ~o ins~u~nce, nmr ea~sun~ ~x here~tter made, sh~ll be in ~rritins •nd ah~ll be ~ part o( ~his ewrtp~e s~reement ' ~s fully p thou~h set farth rerb~um herem ~nd shall ~orern both partie• hereto and ~heir successws and ~ssi{ns. No lien upon any of ~sid policies of insurance w upoo •ny refmd or rewm premiwn whicA ~y be p~y~ble on the c~acell~tion or tem~~n~tion thereof~ shall _ be ~~ven to other than the Mati~ste, eacept by proper endwsement ~ffi:ed to such policy and ~pprored by Mort~s~ee. Esch pol~cy of miutince shall hare a(Gaed there~o s Standud Ner York !~{ort~~~te CI~YSt rIlAOYI COA[fIbYU011~ eukin~ i11 loss or losses under +uch - policy pay~ble to thc AAat~a~ee as ~ts ~ntereet m~y appe~r, In the event aey sum or sw~s ot money pecoae p~y~bte ~Acreunder the Wor~- ~a~ee shall have the opt~on to rece~ve and apply the s~~ee on account o( U?e indebttdness hereby secured~ a to perm~t the ~1nrtEaR~r ~o receive and we ~t, or •ny part tAeteof, w~thout thcreby ~r~ivins or impurins any eQuity, I~en, ot n~I under and Ay v~rtuc of ~A~. _ mor~~a~e. In eveM of losa or phys~csl d~ma~e to the mort~a~ed property the Mortpsor sh~ll ~ive ~mmedute nohce thc~cof by ma~l i~~ - the Mixt~s~ee arni ~he M~x~Ea~ee may make proof of losc ~f ~he came ia no~ made prumptly by thc Nwt~a4a. In e~ent (ure~ln~ure of - - ~ooK237 P~~E1~~9 . ~ . _ _ - ~ ~ ~ . , - z ~ ~ ~.a ~ . _ ~d. . . . _ - ~ = w