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Home My WebLink About2792 . + ~ . Y PROVIDEn. ALWAYS. th~t if the Nort~a~or shall pay unto the Mort~a~ec the i~debtedness tv~Jznctd hy a ~e~ta~n p~om~~acxy note ~f which thc foilowin~ in words and fi~utcs is a true copy to-wit: ~4?~A~ I~O~G 3 2,85Q~9U Fort Pierce, Florida May 17, ~y 75 F~~ •~~~M• WE oi tl n se 11 ~~'~~I~'t~' S~'. ~~ND; a~s~~ ~~~ttY'~S~ ~'at~d; M~:~`~:G~".N" tu thr onlrr of .Pe~~~~~~f~n~ th~ prim•ipal snm o lI ND EI =H H iND FD F FTY at~d no/ l 001~1.LARti, togeth~r with inl~r~•t • there~~n frum dale at th~ nt~ uf t~n F?ercent, per annum until maturity, both priocipa) and int~rest being payable in lawful mour~ uf lhr Uoited ~tatr. at '.'.'.'.~l-~ Bi.~•ayne Bh~d., '1liami, Florida, or at surh olher place u the holders hereof may designate in writing, Principal and interc~t payable in in:tallments as follows: ~ SEVENTY ($70.00) DOLLARS per month beginning on the lSth day of July,1975, and continuing on the 15th day of each and every month thereafter until paid in full. ~ This note ma~~ be prepaid in v?~hole or in part after one year from the date hereo( upon payment of a penalty equiv~lenl t~~ ~•iKht p~•rc~•nt uf thr principal •um prrpaid. Each imtallm~•nt paym~•at ~haU 1~ rredit~d fint on the interest due, and the remainder on principal; and interr•t shall tl~•n•- u~~un c~•a.r upun thr principal ~o ~•r~dit~d. 'The mak~n and rndunr~ ~,f thi. not~ furth~r agrre 1u waiv~ demand, notice of nun-payment and protcst, and in the event ::uit •liall brought (ur tl~r ~•ullrction licreof. or the same has to be collec~ed upon demand of a~ attorney, to pay reasonable attorney'. frr• fur making ~uch ~•ullectiun. I)r(erred payment~ her~undrr ~hall t?ea~ inten~t at thc ~at~ of ten percent per annum from maturity until paid. 7'hi~ n~~t~ is ~e~urcd by a mort~a~~ o( cwen date he~~with and is to be construed and enforced according to the laws of the ~tat~ of Elorida: upon default in the payment oi principal an~or interest when ue, the whole sum of .principal and int~rlat ~ rrmaining unpaid .hall, al ih~ option of the holders, become immediately d d yable. ~ . t~~ C~ (SEALI , ~ __0~~4'~ `f~uf~(~' (~EAI.) Pr~par~d by ~prcler & Tendri~h. Atlorneyc - 223f1 Biccaynt Rlvd.. ~liami, F ida ar~J ~halt petGxm, compty w~th and abide by each and evety the stipulations, agreements. conditions and cove• nants of said pcomissory nute and of this deed, then this deed and the estate thereby cteated shall cease and be null and void. , 1. The Mortgagor hereby covenants and agcees: ...1.~. Av v:.o.~ ..f said erewn~:sav note and th~s la? To paY a11 ano c~nsuiar ine pmc~p~i ..w: u::.:~s: s'=.' - • deed. o~ e~tAer. praaptly on the daYs re~pectirely tl~e same severally becornes due. Ibl To perm~t. cumm?t or sutter no rrute and to mamu?n tkr improvements at aq ames in a state ot ~ood repa~~ and condu~on. snd to ~ ' do or pers~t to bt done to said pem~ses notA~n~ that +~~II alter or chan~e iGe use aad chuacter o( said proper~y or ~n any vrsy impa~r or ~ r•eaken the secunty ot this awrt~a{e. And in ease o( tAe refusal, neslecl or ~nability o( tl~e Mortt~tor to repair aed maintain s~id proper- i ty, ihe ?iortp6ee maY• his ophon. mate such tepa~rs or cauce the ssme to be aade, aad sdrance aaaeys in that beh~l(. i ; fc) To pay all snd ~~n~ulu the taaes, assesaaun~a, lev~es, tiab~l~ties, and obli~~t~ons o! every nature on esid described prop~rty eacA ~ and everr ~hen due and payable accord~ns to l~v, before they becoae delinquent, sad to deliver to the Mort~atte oa or betore Msrch ; IStA ot eacA rear taa receipts ev~denc~n~ the psyment ot sll law(ully ~mposed ta:es [or ?Ae precedine calendar Ycar; to ~ndcmn~ty the Mart~a~ee upon hia demand (or all ~axes, s~sos~ments snd charses that may be assessed upon this mo~t~ste on the indeptedness ~ cured hereby, and pa~d by the mott~a6ee, r~~hout reprd ta any la~ heretofore enacted or hereafter ~o be eascted ieposie~ nayment o: ~ ~he vr6ole or sny ~art thereof upon the taortia~ec. ~ (dl To pay all and smsutar the costs, char~es and eapenses, includ~ns ia~yers' (ees and aA~tnet costs teasonably incuned ~x pa~d at any umr bY the llfatRasee becau~e of the ta~lure on the part of tAe lNortpsor 1o perfam, eowply ~~th aad ab~de by e~ch and every the d supu4tions, a~reemen~s, condiuons and corensnts ot sa~d proa~~ssory note and th~s deed. o~ eitAer, and erery such'payment shall bear ~mcrest t~on date at the nte ot ten (fOS) pec umus per annum. tel It is tur~her corenanted ~nd a~eed by ss~d puhes that m the event ot a suit bems ~nstltuted to tareclose th~s moctsaae, the Ma~- 6a~ee sAall he rnt~~led to apply at any time pendin~ such [oreclosure suit to the court Aav~n~ junsdict~on thereot for the appo~ntmen~ ot a rece~ver o( sll and sin~ular the morttaLed proper~y, and ot all ten~s, meomea, profits, issuea ~nd rerenues ~hereof, from ~rhatsoever q .ource denred; and thereupoe i~ ~s hereby txpressly coveoanted aad •tteed that tbe Court shsll forthrith appoin~ sucA receirer ~r~tA ~ ihc u~uai porer: :r,v' 3~:iies a: :t.'cea.-:s asi litt cases: a!~ seid 3gQne!!~m!nt sA~11 be made by the court as a matter o[ strict r~Eht to ~he Mor~~a{ee, and wr~thou~ retereace to the adequacy or ~nadepuacy nt the v~lue o( the propeny here~y mort~s~ed, ot to the colvency k nr lnsofvencY of the Morisa~ors or any other par~y defendant to such sui~. The Mortsssw hereby spec~tically Maives tAe n~ht ro object to the appo~ntmem of a receiver sc ataesaid and Aereby e:pressly consents that such appoinunent shalf be made ~s an sdm~tted equ~ty and as s ieatter o( absolute ri~ht to the MortNiee and that the same may be done r~ehout notice to the lNort~a{or. lf1 (t foreclosure pr«eed~np should be iostituted as~inst the property covered by t6~s mwt~s{e upoa any other lien or cla~m whe~her ~ alle6ed to be supenor oi junior to tAe I~en of this mortp~e, ~he ~lori{a~ee ieay •t h~s opuon ~mmedutely upon msuwuon of sucA su~~ ; ' a durin~ the pendeecy thereof declare th~s enortE~~e ~nd the ~edebtedn~ss secved hereby due ~nd psyaple fath.ritA and may at itti ' opt~m poceed to fweclose tA~s owtt~~~a ' . • ~ ' ~ Th~t 1he Mortpsot rriU keep all rcal snd penon~l property nor a heresRer tncwsbe~ed by the I~en ot this matsa~e m~ured as may ~ ~ be required (toa uane to tiise by the Mwtp~te spmat loss by fue, w~ndstam and other hszuds, caswlhes and cnmm~encics tur such ~ penods and ior not k~s 1Aaa such aawums as ~esy be requued by the AAortpsee and to paY promPtfy v~hen due alt prem~ums tor such ~nsurance. The aaounts of inautance requued br the Mon~a~ee s6r11 be tde mio~sueo sooants tor ~rh~ch said ~nswaace shall bc rr~tten ~ and ~t cAall be ~ncwebeat upon ~he Mort~a~or to s~~ntain such addihonal ias~rrance ~s may be nece~sary to oeet and co+nply (ully r~th all co-~esurance requicemeets conta~ned ~n said pol~cies to the ead that the sa~d Mortp~ot ~s not a co-inaurw thereunderJnsurance ~ shsll be wnttto by ~ coop~ny ot coopamta approved a des~~nsted by the Mort~a~ee and all poLc~es sad reaesala tUerto( shall be he1J by the Matp~ee. All deuiled des~~na~~ons by t6e Morl~ator rh~ch a~e accepted bY ~c Alort~~tee and ~II sjreeeents bet.een Mo~ya~or ~ and Mort~a~ee relatms to maur~nce, no~ exisun~ or here~fter made, sRsll be in vnua~ and sAall be • part of tA~a mortp~e ~~reement as fully ~a thoush set (orth verb~~~m here~n and ahall ~overn botA p~rties heteto and the~r successots aad ~ss~~ns. No lien upon aay of ~ said pohc~es o( ~nsurance w upon anr refund or rewrn preie~wa ~hich ~ar be p~r~ble oo We caocellauoe ar ~etsteation theteof, shsll ~ be s~ren to other than ~he IAat~~~ee, e=cept br proper endorsement alfiaed to such pol~cy snd approved by Mort~a~ee. Each pol~cy ~f 4 msurance sAall hsve atG:ed thereto s Standud Hew York Mortp~ee Cl~use ~nhout Contnbauon, makini all loss or losses wNler .uch psy~blt thereunder ihe \Mr~- ~ pohcy psyable to tbc Mortp~ee ss ~ts ~Oltltsl ~y ~ppl~L I11 lht tYC11l ~Ay fuOl Of SYIIIS O/ 1110f1ty blCOl~lt ' ~ Easee sAall have the opt~on to rece~•e and spply the s~me on account ot the mdebtedness hereby secured, or to pere~~l tht \1mtEaR~r ~ ~o recewe and use i1, or sny patt thereof, rithout thereby va~vins or ~mpau~n~ any equ~ty, 6en, or n~11t under and Ay vutue o! ih~~ ma~q~e. In evenl of loss a phys~cal dama~e to Ihc mwt~a6ed property the Mortpsor shat) Eiy! i~ned~ate nohce thereut by tr:ail t.~ ihc llwt~a~tr roJ ihe ~1~+rt~aEet maY make ~x~ti•! ui I~.~ ~f ~h: came ic not made prumptly ~y the ~lottis~or. In erenl o( tae~lr~.ure o( ~ , aooK~y P,~E27~'~ _ - .~r = ~ _ = ~ ~ ~ ~ ~ ~ ~