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Home My WebLink About0649 PROVIDED, ALWAYS, that it the Mortgagor shall pay unto the 111ortgagee the indebtednesa evidenced by a certain promiasory note of which the foUowing in ~vords and figures ie a true copy tawit: ~~~9~ . a~,5~0..00-- Fort Pierce, ~~~,~~~~~;~------April 24, ~'~__75ti NI?RV~I.I'E:RECF:I\'h:l~_____- WE~ 3~int1__~__r and severall~r, pronii•~•tu~~a~ <<? ~~~r ~~ar~, r ~ILLIE _FRIEDMAN^ - - - - - Ihr prinripal >um of ONE THOUSAND FIVE HUNDRED FIFTY a[td [1oL1001N1LLARti, (t~~r.lhr~ will~ inlrrr~t thrrrun frum date at th~• rat~• uf trn ~Kn•~nt, pe~ annum unlil ~naturity, buth E?~incipal aud ial~rest l~ring payablc in IaNful mo~ir~ uf thr l'nitrd ~latr• at '_''.'.•1-1 I~i-caynr 131~d., ~liami, Florida, ur at ~uch oll~r.r place as the hulders h~teuf may derignate in writinK. Principal and int~rect payablc in in.tallmen~+ as iollows: FORTY-FIVE ($45.00) DOLLARS per month beginning on the 15th day of July, 1975, and continuing on the 15th day of.each and every month thereafter until paid in full. Th~s note ma~ be prepa~d ~n ~hole or in part after one year ftom the date heteof upon paymcnt of a penalty equivalent' Iu ri~ht p~•ri•~•nt uf ll?r ~~rin~•i~~al :un? pn•paid. Ea~•h in•tallmrnl par•mrnt •hall l,r rredited fint un the int~rest due, and the mmaind~r un principal; and interc~t ~hall lhrr~•- u~,on ~ca.•~• u~wn th~• principal w+ ~•n•dit~d. Thr makrn and ~•ndunrrn uf thi~ nut~ furthrr agree to waivr demand, noticr of nun-pa~•ment and prolesl, and in thr evrnl ~uit f ~hall b~ brou~ht (or thr rullrctiun h~•reof. or the same has to b~ collected upon demand o[ an attomey, to pay ~ra.:onaLle attornry~> ; trr- fur makin~ ~u~h eullrt'tion. . : U~•(ermd pa} mrnt~ her~undrr ~hall k~ear intere.t at thc ratr of ten percrnt pPr annum frum maturity until paid. " 7'hi~ notr i~ v~urcd tiy a mort~a~~ uf even date h~rewith and is to (?e construed and en(orr.ed according to the laws ot th~ ~tat~ of f~lorida: upon d~fault in th~ pa}•ment of principal andlor interest when due, the whole sum of principal and int~~~~t rrnwining unpaid shatl, at th~ option of the holden, t?ecome immediat y due and paya e. ~ ~L/~~~~(.1 I C~-i_~~~(, ~1~r~~.~ I ~ ' i~{/ ~ '%f V{~~ ` - J ~ ? ~ ~l ~ ~~l Ct''~-C ~1~r~~.~ '_~'G~-~ r- i Yrep+r~d by ~p~el~r li Tendnch. Atlorneys 2240 B~.~eayne Hlyd., !11iam Florida ; ~ ' and shall perform, comply with and abide by each and every the stipulations. agreements, conditions and covenants of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. 1. The Mortgagor hereby covenants and agrees: 1~1 To pay a0 and aingular the prinripd and it~terest ~ad other suau of money paYaNe by virtue of said promissory note and this desd, or ei~her, Pro~Y on the d~pe respeccivdy the e~me severally beoomee due. f b I To petmit, commit or suffer ao waste and to maintain tbe improvements st all times in ~ atate of good repair and candition. ~nd to do or permit W be done to aaid pranixs aothing that w~iU alter or change the we and cturacter ot aaid property or in any way imp~ir or ~ceaken tbe security of this mortg~ge. And ia uee of t6e refusal, oeglect or ina6ility of the Mortgagor w ~epsir and maintain ssid property, the rtortgagee may, at his option, m~ke such rep~in or aux the ssme W be made. and advanoc moneys in tha~ behali. ~ Icl To pay a11 and aingular tAe taus. assessmenta, levies, liabilitiee, and obligatiow of every aature on said dexribed propaty ar6 and every w6en due S ~ P~Yable aeoording to 4w, be[ore tlry become ddinquent. ~ad w deliver w the Mortgagee on ar before M~re6 15th oi e~eh ye~r tu neaipts ~ evide~ang the p~yment of all Lwfully impo~ed taze~ for the preceding cai~ad~r ye~r: to idemaify tha Mortga8e~ nPon his d~nd tor aU tasM, a~~ess g meots and clrrges tlut m~y bs asseseed upon this mortg~gs on the indebtedoees secured hereby. ~nd paid by the morgagw, without ngard to any law ~ hmewfore ~eted or Aerc+her to be enacted impoain8 WYment of the wMle or ~ny part the~eof upon the Moctgagen r a Idl To p~y ~Il and aingul~r the costs. charges and e:peaues. inchding L~vye:s' tees and abetr~ct ooets reasooaWy in~vrred or paid ~t any tims br t6s ~ Mortga~ee beca~e af tbe tailure m ttn part of tde Mort8~8a ~ P~~, ~~Y ~rith aad abide by esch sad every the stipulatione, agre~nts. ~ ~ oonditiaos and coveusnts of a~id promisxxy noce and thi+ deed. or ~ther. and every such p~yment st~all bear intere~t from date at the nte of ta~ 1109i I ~ par o~t~n p~annum. ~ lel It ie furt6er oovemnt~ed wd sgreed by asid perties tlut in tbe event ot a auit beiog imtitutcd to tweciose this marLg~ge, the Mortgagse shall be entitled to apply ~t aay time pending such foreclosure suit w the oourt fuving jurisdiction thereot for tAe appointment of a~eceiver of all and aingal~r t6s ~6~6~ ProP~+~Y. and of dl reou. inoomes. Profit~. iesuea and revenues thereof. from wlutsoevei aource dgived: end thaatpon it is 6eeabp e~p~essl~ cov~unted and agreed thst ths Court shsll torthwrith appoint such reoei~ er with the uswl powvs and dutiee ot reoeiven in lilce c~ses: ud s~id appoia4 meit ahall bs made by t6e caut ~s a mettu ot strist right w the Mortg~gee. and without refaeaoe W the adequ~cy or inadeqwey of t6e vdus of tbs pro- perty bcYeby mortgaged, or W t6e aotvency or insolveoi.y of the Matg~gors or ~ny otf?er party defmdant w s~ch wit.1'he Mort~goc heRbp apdt• ically w~ives ths right to object w t6e appoinuaent of a reaiver as atoresaid and hereby upceeelY oonaeuts t6at wch appdntmmt at~ll b~ mads as an ~ ada?itted equity and aa a matter of abaolute right w the Mortg~gee and that the same [n~y be done wit6out notice to the Mortg~gor. Ifl 1t foreclo~ure proceedings shaild be instiwted against the pmperty coveied by this rnortgsge apoo wy otha lie~ ot tlaim wl~ether ~lleged to be ~ su 'or or 'unior to t6a lieo ot t1~is mort , tt~e itort ma at Ais ion immed'utd u in~titution of auch suit or d' the th~eot P~ ) Ba6e BsB~ Y ~ Y P~ ~n8 P~Y ~ decLre this martgage and the indebtednese senued hereby due and psyaHe [orthwith and may ~t iu option prooeed w torecbx this matgagn 1 g 171sat the Nortgegor wiU Iceep all real end peroonal property now or hereaher encumbered by the lien ot thi~ mortgage insund u m~y bs req~tired fram } ~ time w time by the Mortgagee against bss by fire, wudstorm end other 6asards, ca~uahies and aonti~ ta such periods and for mt las t6~n f ~ arh amoants s~ may be r+equired by the \lortgagee and to pay promptly when due sU premiuia~ for such iawrenee. '11u amount~ ot ineivanoe nquired ~ by the Alorgagee ahatl be the minimum artaunts tor ~vhich aaid imurance shall be written aod it shsU be it~nunbait upon the Mortg~or W m~inLin weh additioml insuraace ae may be neoesssry W meet and wmp1Y tu1lY with all oo-inwrance requiranenta oontained in uid palieiea w t6e ead tmt t6e aid ~ Mortgagor is not a co-insuror tl~ereunder. Insurence shall be ~rritten by a company or oompuiies ~ppoved ar demgo~ted by the MoKga~ee ~od ~11 pdi- ~ ciea and renewal~ t6ereof ahall be 6e{d by the biortgagee. AU detailed deaigoatioas by the MoRgagor whic6 ~re acoented by the Mortgagee and all a~rer ~ marts betwe~en 1?fortgsgor and Mortpgee relating to insurance. now e:isting or I~e~ftc m~e. s6al1 be in writing ~nd ~hall be a psrt of this mortpae I. ~ agreemeM as fuUy ss thoug6 set (orth verbatiro here;~ and stull govern both parcies hereto and thdr wooesaors aad asaigns. No lieo upoa an~ ot s~id ; ~ policies o( insuranoe or upon'any refund or return premium whie6 m~y be p~yabk on t6e canoellation or terminatioa theieot, sh~ll be giveo W ot6er th~n ; ~ the ~forteagee. ezceP~ bP P~P~ eadorsement affi=ed to suc6 policy and apptoved by Mortgagea Eac6 polity o( ituur~noe shdl h~ve affired t6eKO a ~g St~nderd New York Mortga~ee Aause without Contribution. auking eL loss or tosses under such policy payable to the Martgagse u W intat+e~t ma~ ~p~ pe~r. In the event ~ny aum or sums of money beoome par~bk thaeunder t6e Mortgagee s6a11 have the option to reoevt ~nd the same on acao~~t ~ of the indebtedness hereby xcured. or to pertnit t6e Mortgsgor to receive and use it. or any part thereof. withoat thereby waiv~or impairin~ aoy ~ ~ ti, lien, or t under and by virtue of this mort righ gage. In eveat of loss or physio~l dam~g~ co t6e mortg~ged propetty th~ Mortp~or ~hall pw imm~diata ~ BOOK ~.V~7 PACE ~~8 ~ ~ • x ~ : - - - _ . - - - m ~ : ; ~ f J_~ ~ . 3~ . _ .