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Home My WebLink About0785 PROYIQN(~. AI.MAYS. that the \1~r~gagor xhali pay unto tfie ~brtaagrt the ~ndebtednres ~v~drncrd hy a. ~r~ta~n Q[am.sa~~ nute ~~f wfi~ch thc fulluN~ng i~ w~~rds and f~gu~cs ~s a troa ropv to-w~t~ . ~ ~ ' s 1,4T5.00 FQrt_ Pierce," Fbrida July 17, ~y 75 ~OR YAI.UE: KECEtYE U I P~omiac tu pay ehe ordr~ or NAT FRIE TR 'S th~ principal c.um o( ONE THOUS ND FOUR HUNDRED SEVENZy-FIVE 8[1 , togeih~~ with iate~r.t thereun (nim date at the ate of ten pcrcent, pe~ annum unti) maturity, buth principal and iut~rest being paysble in law~ul morn•y u( h~ Lnitrd ~talrs at '3'~~W f3i.,cayne Blvd., Miami. •Florida, or at such othe~ place as the holde~n hercof may dexignate in writing. `~+ncipsl and intetest payable in installments ss [ollows: THIRTY-FIVE ($35.00) DOLL~ARS per'month beginning on the 15th day , of Septembar, 1975, and continuing on the 15th day of each and ~ every month thereafter until paid in full. This note may be prepaid in whole or in part a[ter one yeac lrom the date hereoE upon payment of a penalty equivale t to right prrccnt af thr principa) ~un~ prcpaid. : ~ F:ach in~tallment payr.~ent ~hall t~e credited first on the interest due, and the remainder on principal; and intere+t sha11 th~n- uEwn crasr upun the principal ~ cr~dited. Tl~e makent and rndorsen of this nute [u~ther agree to waive demand, notice of non-payment and protcst, and in the evenl suit ~liall br brought [or tl~e collection hereo[. or the same has to be collected upon demand o[ an attorney, to pay reasonable attorney's (rr. iur making wch collectiun. • t)eferred paymeni~ hereunder ~hall bear in/ere.ct a1 the rate of ten pereent per annum irom maturity until paid. 7'hi.~ not~ i~ ~cured by a mortgage~of even date herewith and is to be construed and eniorced sccording to the lawx of thc ~ ~tat~ of Elorida; upon default in the payment ot principal and/o~ interest when due. the whde bum d pancipal and interesl rrmaining unpaid shall, at the option ot the holders, become immedistely due and payable. 5 ~'~-...t..~.~,..,-- cs~~L, ~s~aL~ Prepar~d by ~pirter b 1'rndrich. Altorneys - 2240 B'~acayne Blyd.. Miami, Florida ar~d shall perform, comply with and abide by each and every the stipulations, agreements. conditions and cove- nants oC said promissoty notc and ot this deed, then this deed and the estate thereby created shall cease and bc nulf and void. 1. The Mortgagor hereby covenants and agrees: , (a) '[u p~y s11 and crosulsr the pr~nc~pal and mteres~ and other swas of money payable by v~rtue ot sa~d prao~ssory note and tA~s deed, or eNhs~, poaMtly an the days uspec~ivtly the same severally Decomes due. (b) To pe~io~t, camn~t or sutter no ~aste a~d to ma~nta~n ~he ~mprovements at all times in a state ot sood repair snd cond~t~on, snd ~o , do a pero~t to be done to said prem~ses nothm` that v~ll alter or chan~e t6e use and ch~ncter ot said ptopecty o~ in aey ~raY ~~Ps~r a rcaken the security ot tAis mortsaae. And in case of the tofusal, ne~lect w inability of the Mort~asor [o repair ar.d msints~n s~id proper- ty, the Mat~atee maY, at his opt~oe, rrtske sucA tepaus or cause the sa+ee to De ~sade, and a8vsnce ieoneys in thst behali. ' (c) To psy all and ~m~ulu ~he taaes, asscssmen~s, levies, l~ab~lities, se~d obli~ations of every nature on said destribed property each . and every ~rhen due snd psYable sccord~ns to lsw, betore they become delinquent, and to del~rtr to the Mottsasee on or before March IStA ot est6 year ua receipts ev~denc~n6 Ihe payment o~ all la+fully imposed taxes for the prectd~ns caleMar yesr; to ~ndemmfy the t i Mort~a~ee upoo his dereand for all taxes, assesaments ami chu6es that may be sssessed upon th~s mottsase on tfie indebiedness t ; curtd hereDy, and psid by the macsa6et. ~~thout resard 1o any lav heretofae enacted ot hereafter to be enacted imposins ~ayment o: # ~ the Mrhole oc any ~art thtreot upon the l~lnnaaste. ~ i (d) To Qay all and siasutar the costs, charses and eapcnses, includins la~ryers' tees and abstract costs reasonably incuned ~x pa~d at ~ any ~~me by the 111ott6a6ee becauct o( the faJure on the part o( tht Mortaa{or to per(am~ coo~ply w~th and abide by each and every tAe { supulat~ons, a~reements, cond~UOns ared covenants ot ss~d pranissory note and this dted. or e~ther, and everY such'psyment shall ~ear j ~nterest from ds~e at the rste o( tcn tl04) pe~ centum ve~ annum. I ~ ` (e1 It is.l~rtba coreea:'_3 u~d ~sreed br aaid puties that in the ereet ot ~ suit beit~ instituted to tateclwe dtis ~wrtsase. tbs Mort- ~ p~ee sbal{ be eatitkd to ~oplr ~t aa~r ti~e peedias sucA foreclosure suit to t6t court b~vie~ jrrisdictim tLcreot for ~Ae aPpoiotocnt ! of a receiver ot dl and sin=niu tbe ~tss~ed prooenr. ~ed of ~!1 raets. iacawes. Or~ta. isarei and re~eauea thenof. fro~ rhatsoever ~ sauce derived; and tbaenpon it is berebr eap~eailr eovea~ated aad a{ceed that t6e Cout swll fo~th*itA ~yp?iet socb receiver ~ith ; 1Ae uswl po~rers uW duties of receiren in like cues: ~nd sRid ~~oiausent aball be adt er tbe coprt u~ atte~ of striet ri~ht to ` We 1~{at~a~ee. aad riWoat retereace to the tdeqwcy ot iua8eqwcy ot We v~loe ot tle prooeny 6erebr aortp~sd. at to tAe solreacy ~ a iesolre~ey of the MorW~ors or ~nr oWa p~rtr defeadaat to sucA sui1. ThE Motttuor 6etebr sOecitiCallY raives tAt_ri~bt to object ~ to tbe ~poointwcet of ~ receivtr u ataes~id and berebr espressly couaeau tbat sueM ~~oiet~ent shalt be ~de ~s ~n adwittsd equiey i ~nA ~s a puer ot ~bsolute ri~ht w tAe Macp~ce asd that cbe ss~e ssy bt doae ~rid~an aoiice io the Yor~{a~or. k (f) If foreclosure p~ocaediap shonW be iaatiwted apiast tbe prope~ty eovered by tbis ~ortp~e ~ooa aar othtr licn or clai~ ~rhether alle~ed to be superior ot janior to tbe liea ot thia ~wryase. ths Mort{~~ee ~ar at his optioe i~sedi~tely upou iaaticutioa ot suth srit r a dnrip~ the pendeaey lbereot decl~re tbis sortsaae ~ad tbe indebtedaess secured 6ueby due and ~yable fatbriN ~nd nuy at its optioa ~oeeed to forecloie this ma~y~ie. Tb~t the Mortsasor ~rill keep all real ~nd persm~l ptoPetty ao~r or Aeceattet eseucabered bIr tYe lien of tAis ~isaaa iusured as war ~ be required troa ti~e to tire by-tbe Mort~asee yainst Iws by fire. riedston and otber Aasuds. e~swlties and continjencies for such ~ paiods and ta not kss than socA ~eoum• as wy be required Ar the 61ort~asee aad to ar oro~ptly .rben dYe ~11 pee~uws far sueA in~uaaee. Tbe asounta of iasnnnce required br We Mort~~see ah~ll be Ws isiaiw~ a~ouats (or r6ich s~id iasYr~nce sbal{ be ~riilen Md 11 fh~Il bC 111CY~btAt YPOA fAC MOtlt~jOf IO /~~aa~n sucb aaaiuoa.i ~n.~r.see u..r be ~ee~:sur ~o.~ea ana co~p~r t~nr.~w s ~II co-iwuaace ceqaiceseata eonuised in said ootieies to ths snd iAat the said lAortpsor is aot a co-iasYra tbereander.lns~u~ace sbll be ~ittse br ~ ea~p~nr or coipaaiu ~oprored a desi~n~ted 6y tbe Mort~a~es aed all policies ~ad ~sae~ala t?eeeot shal{ be held ~ ` br tbe Yortpsee. All dehiled deai~nationa by tLe Mortp~or nhicA are acceptcd br the Mo~tN~ee ~ed ~II yree+~csts bet~eeo Mort~a~o~ ~ ~ ~ad MorW~ee relatin~ to iosur~ece. nmr e:iati~ or herestter asde. s~all be in writias ~ud sA~ii be a Part o/ tYis ~ortp~e s~reewent u trlly ~s tAw~A set fatA rt~b~ti~ petein u~d sA~ll ~orern botb parties hereW ~ed tAeir a~ceesaors asd u~iµs. No liee upon aaY ot ` ssfd yofieiss d inswancs ot aoan a~r retund or retam Ote~iu~ ~rAieO yr be p~y~ble oa the csstellatian or tcr~iaation thereot. sA~ll : be siree to otber thaa the Mottp~ee. e~ccept br ptoper endorx~ent atfiseA to sacA po{icy aed ~~ore8 b~r ldort~a~te. EacA policy of ieaYraeee ab~11 hare affiaeA Weteto a Staedatd New Yort Mortp{ee Cl~we ritAont Cwuibutiaa. aMkin~ dl loss a losses w~der ~uci~ oolicY ayable co the Mortp~ee ss iu iatetest a~r ~~eu. ts ~he e•eei ..r a~rs or ,wn ot soaer seeowe pr.bie ~hereunder ~ne ~for~- ~a~ee shall Asre tbe oPtion to receive and aoplr tbe ~a~e on aceow! o( lie i~dsbtedee~a Aeteer sec~ed. a to yersit tl~e M~xi~aRor to recei~e aed use it~ o~ •ny art thereof. ~riWout Wereby ~~irin{ a i~aitiu~ anr e~~~r. liee. Or fi{Ilt uadtr ~nd br rutae of lh~~ wayaae. la event of loaa or phrsicsl duaase to u~~ ~.«ts.~ea ~o~«r w~ Mortp~ar sh~ll ~ire iswed~~tt notict therco( by ma~l the Ma~tqate and ~he Mor~~ssee auy mske proo( of toss if ~he ssme ~a not madt pranp[ly by the llataa~a. la ercnt fae~ln.~re of + ~ BOOK 2~~ PACE 7~ ' . ~ ~ ~ . ~Y _ - ~ ~ ~ ~ ~ _ . r.,~ . h . ~ ~