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Home My WebLink About0531 _ ~ , . : , , PRnVIDhn, ALWAYS, that ~f the \btt~a~or shall pay unto the \iort~s~ee the ~ndebted~ess tvidanccd hy a certain prom~~ao~y ~ote of wh~ch the followin~ in wocds •nd fi~ures is ~ ttue copy to-wit~ ~ • • - - . 'Z4~~~ : 4~225.00_^ Fort Pierce, f'I~?rida -----_~~Y-~Q-?------- ~'?7~__ ~ F~?R ~'~~1.1'F: ttEI:M:I~~F.I? ----t~1E, - ~j°intly and_ sev_erail~'~^ - p,.. . t~~ th~• urd~•r o[ FANNIE SCHNER - - ~h~ p~im•ipal or _FOIIIt THOUSAND TWO HUNDR~D ~~I~y-Fjj~and_~A I.~:QR~.-t~~grth~•r Nitl~ iutrrr.~ thrr~uo frum Jat~ at U~r nt~• of t~•n Fxrc~nt. E~er annum until maturity, !?uth principal anJ intrrc.t lM•iug pa~aW~ in lawful muu~•~ uf th~ l~nilyd ~latr• at :.''3-~-1 Iti.~•a~nc Ithd., ~liami, FlotiJa, cu at wch oll~rr place as the hulden he~euf may drrignate in writinK. Principal a~d interest payable in imtallmen4. as fullows: ONE HUNDRED ($100.00) DOLLARS per month beginning on the lSth day of July, 1976, and continuing on the 15th day~of each and every month thereafter until paid in full. • ~ Th~s nute ma}• bt prepaid in whok or ~n part aftet one year from the daie hereof upon paymc~t of a aenalty eyuivalent l~i riFht pr~~-~•nt uf Ih~• prin~•ipal •uiu ~,r.•pai~l. }.~~h in~lallm~•nl pa~vnrnt ~hall t~r ~•~editrd (int on th~ intercwt du~, and the ~emaind~r un principal: and inter~•t ~hall Ihrrr- u~K~n rrz..• 11~r F~nne~i}?a! ~::•rrdil:•s!. Tli~ n~ak~n and rndurw•n u( Ihi. nutr (urlhrr agrrP to waivr J~rnand, nuticr uf nun-`~a~ mrnl and E?rot~•.l, anJ in th~' CYCIII ~uit •hall br brou~ht (or th~• ~•ullrctiun hereof. ~N thr sam~ has tu be cullect~d upon demand uf an atturney, to pay reawnable attorney'. frr, fu~ makinK w~•h ~•~Ilrciiun. I1~(~rr~d pa~ m~nt~ hrte~und~r .hall t?rar intrrrst at the rat~ of ten p~rcent per annum Gum maturity unli) pai~. ~ 7~hi~ not~ i~ vrurrd by a mortRaK~ o( even dat~ h~rewith and is to F~e constru~d and entorced a~cordinR to the law~ c~f th~ ~tatP o( f~lcxida; upnn d~fault in th~ pa~•ment of ptincipal andlur inter~~:t wh~n due, the whole sum of principal and int~rr~t rrnwin~ng unpaid .hall, at lh~ optiun of th~ ho1Je~, become immediately due aod pa~•able. CL . _ ~ ~ ~ ~~t'1--ft-E'~ ~~"L~:'~i`-.zC_. ~~l~::1L) Prep~rrd b~ ~prl~t K T~ndn~h_ ~Ilnrn~y~ 2I40 Iticraynt lilvd._ 41iam~. F~ids i ar~J ~hall pericxm, comply w~th and abide by each and every the stipulations. a6teements. conditions and cove- nants of ~a~d promissory note and of this deed, then this decd and the estate ihereby created shall cease and be null and void. I. The Mottgagor heteby covenants and aarecs: (a) To pay all and ~~n~ular tht a~~~~w~ ~nterest and o~her sums of monty payaple Dy virtue ot said promtssory nole and th~s ~ decd, w e~tAer, promptly on ~he days respect~vely the same severally becomts dut. (b1 To perm~i, carml or sutfer no rraste and ~o ms~nu~n ~he ~mprovemenls at all t~mea in a state ot ~ood repsir and cond~uon, and to do a perone to be dooe to s~id prem~ses noth~n~ that r~ll alte~ or c~an~e Ne use aad characttr oi sa~d property or ~n any way ~mpa~r « ' +eaken the secunty of th~s sort~ase. Aad in cise of tAe refussl, neslect or ~nab~lity ot the Mort~a~w to repair sr.d m~inu~n said proper- ' ty, ~he Mortp~ee mar, st hia ophoo, auke sucA repairs or cause the s~me to be oade, and ~dvaace moneYs ~p behalt. ! ~ ! - - j Ic) To pay all and ~ins~Iu Ihe taats, sssessments, Ier~es. I~ab~l~ties, and oblipt~ons of erery oature on said describcd propcrty each and every .Aen due snd psYable actotd~n~ to la~r, bc(ore tAey become del~aquent. aad to deliver to t6e Yort~atee m a be(ore March 15~1+ o! eac6 year ~aa rece~pts er~dencins tAe psymeni ot all la.~tully ~mpused taaes toi tAe preced~os calendar yea~; to ~ndemn~fy thc { Mat~~ite upon his deawnd for all tsxes, a.ses~ments and c~ar~es that may be assessed ~pou t6~s ~eortai~e oe tht.indebtcdness f cured hereby, and ps~d by tAc mort~a~ee, ~~thou~ re~ard to any la~r Atretotore enacted or be~eafter io be enacted ~mposmi ~ayment o: ihe ..hole or aey ~sr/ thereo( ~pon the AMrtpsee. (dl To pay ali and ~~n~ular the cos~s, char~es and eaper~aes, mcludm~ laryers' fees and abstract costs reasonably ~e:aned rx pa~d a~ ~ ~ny ume ky the Mortss6ce because of the (a~lure on the part of the Mat~a~or to pertorm, cpsplY ~~N ~ud abidt by escb snd erery the _ .t~putat~ons, a~reements. coodi~~ons and covensets ot sa~d prom~ssay note and tA~s deed, ot eitLer, and every such'payment'sAalt bear ~ m[rrest t~wn date al tAe rs~e of ten 110'L) per centum pct annum. ; 4 ~ le) It is furthtr coveoanted and ageed by sa~d part~es ~hat m the event ot a su~t bein~ ~nst~tuted to foreclose th~s mortp~e, the Nort- ~ p~ee shill be cmiUed to spply at anr ~~nx pendins such (areclos~ue suit to the couet hsv~ns jYnsdicuon thereot for We appo~n~men~ ~ o( a reee~ver of sll ~nd s~nsulu tAe a~ortt:~ed prope~tY, snd ot all rents, ~ncoorcs. pro(its, issues and rereouea thcreo(, from whatsoever .ouae Qen~ed: aad thereupw~ ~t ~s hereby expresslr covenamed aad •~reed that the Caurt sh~ll fo~thrritb appoint sucA receiver ~rrth the usual porer~ and duties of rece~vers in like cues: snd s~~d appointa~ent shal) be made by the coutt as ~ aatter of stric~ n~ht to i ~ ~hc Mixi~s~ee, and ~~thout re(erence ~o the adeqwcy w madeqwcy ut the value of the property hereby mat~a~ed, or to the solrrncy t ~.r insolvency of ~he ?lort~a~ors or any otAer par~y defendan~ to such su~1. The Mort~a~or hereby spec~t~cally ~aives the n~h~ ~o ob~ect ~ to the appo~ntenen~ of a rectiver a~c a(aesa~d s~ Aereby eapressly consenta that such appo~ntn?ent sh~ll be made as ~n adm~tted equ~ty ` ~ and as a msuer o( absolute n~ht to 1he Mdt~a~ee and thst the s~me nay be done w~tAout noUte to tht Alort~~sor. ~ If) If toreclosure pr«eedm~a should be ~n:tlwted apinst the property covered by th~s esortp~t upon any other I~en w cla~m +helAer •Ile`ed to be super~or or ~unior to thc I~en ot this mat~a~e, the Alortsa~te may •t his option immed~ately upon ~nshtuuon of such su~t = a dur~ns tAt pendency thereo( decl~re th~s reort~a{e •nd tAe indebtedn~ss secued hereby duc and payable forthw~th and maY a~ ~t. opt~oo proceed to faecloie th~s mort~a~e. s : ~ (~1 TAat the Mat~a~a rill keep all resl and personal property nor ar Aereafter eacumEertd by the I~en of this mat~a~e ~nsured as may ~ ? bc requ~red (ran I~ae to tise by t6e Morlp~ee ap~nst loss by hre, r~nds~am and Wher h~zatds, uswlucs and co~un~enc~es tur wch ~ ~ penods and io~ not less tAaa such amoums as u~y be requued by ~he Mort~asee and to pay prosptly ~rhen due •11 prem~ums frx such ; msurance. The anaunta ot ~nsurance requued by tAe Mortsa~ee sAall be the m~mmum aisounts !or rh~ch sa~d msur~nce ahaU ~e ~rnttea i and ~t sh~ll be mcumbenl upon the Mortsa~at ~o ma~ntain such add~qoo~l insuranee •s may bt necessary to meet and canply fully rilA ~ •II co-~nsurance requuceents contamed in s~~d poGc~es to tht eo0 that the said Mortp~ar is not a cw~nsuror thereunder.lnsurance shall ~e +rntten by a cowPanr o~ compan~ea approved or des~~na~ed by the Mortsa~ee and all pol~cies and rene~ils t~eroof shall be held z t~y ihe Mwtp~ee. All deuiled dea~~nsUons by the Mortp~or sA~cA are accepted by the Atoc~psee and sll sjreea~ents betreen Mat~s~or ~ and Moriia~ee re1~Un~ to ~nswaace, no+ ex~sUn~ ot Aertafter made, shall be in rrnun~ snd shall be s pstt of th~s mp~~p~t apeeaent as tully as t6orih se~ forth ~erDaum Aere~n •nd sAall ~orern bolh psrties heteto and theit successws ~ed ass~~ns. No I~en rpon any of ~ s~~d pof~c~es of msu~snce w upon ~ar re(und or return preiu~um ~hicA aay be p~yablt on tAe uncell~tion a termia~uon thereof, sh~ll " be ~~ren to other ~Aan~tbs Mptya~tZ, except by proper erdorsement afliaed to sucA pohcy and ~ppored by Mortia~te. Eath policy of x msur.nce shall hare afGxed Ihereto a Standud Nev York Mott~a~et Clause r~tAoYt Contnbupon, makm~ all loss w losses under .uch ~ poticy psya~le to the Ma~p~ee as ~ts ~nteres~ msy ~ppeu. In tDe ertot any sum or aues of eaner becone payable thertuoder tAe ~lort- ~ Ea~ce shall have ~he opt~an to rece~•e sed spply the sase on account ot lbe ~ndebtedness hereby secwed. or to perm~t the ~4x~EaE~~ to rece~vc and use or any part tAereo(, vr~Mou~ thereby ~~~vm{ or ~mpunr?s any eQuuy, I~en, a n~ht under aed Ay vutue o( ~h~. j 5 m~xt~a~t. (n erent ~f los~ w physical dama~e to Ihe m«I~a6ed poperty tht M«tpsw shall {~ve ~m~edute nol~ce Iherco( Oy rr..~l t~~ tp.r ~lurt~a~er ~nJ iAc ~kx~EaEec maY make ~+ro~.( ot 1~~.. ~hr .amc no~ maJe prumptlY by the \lat~a~or. In eren~ ~d (~xe~l..•ure o! . i ~ ~ E 253 f~~,F 5~~. ~ 1.~ _ : ~