The URL can be used to link to this page

Home My WebLink About0935 • ~ • . ~ , ~ ~:3~s PROVIDED. ALWAYS. tlat i! the Mo~tpsor shaU p~y ueto the Moct~ajee the indebtednas evidemxd by a certaia promiswry note of which thc [oUowic~ ln wocds and ti`ura ~ ~ trne ca~? to~~it: ~ ~~~Ny~~ ~ ~ ; S 7,625.00 Fort Pierce, October 14~ ~q~1 ~ . ; FOR VALUE RECEIVED WE~ jeintl~ and Qevergl l v~ ptomise to pay ~ t~~ thr o~der ~f _FRED DIAMONID~ AI~ID FBANCFS n~A~rc~Nn his wifp ' ~ . i the principal sum of SEVEN THOUSAND SIX HUNDRED b~ TWEN'TY-FIVE------NO/100 DOLLARS, ' together with interest theoeon from date at the rate of ten percent. per annum untii maturity, both principal and intercst being ~ payabk in lawful money of the Unitod States at 224I Biscayne Bivd.. M iami, Florida, orat auch other place as the holders hercof ~ may drsignate in writing. Principal and intercst payable in installments as follows: ; . ~ s ONE HUNDRED SIXTY-FIVE ($165.00) DOLLARS per month beginning on the ~ 15th, day of December 1977, and continuing on the 15th. day of each i and every month thereafter until paid in full. . ~ This note may be prcpaid in whok or in part at any time upon payment of a penalty eqwl to cight percent of thc principat sum prepaid. ~ Each.installment payment ahall be crcd~t~d fint on the interest due, and th~ remainder on pnncipal; aod ~nteK~t ~hsll 11~~•r~- } upon ceasr upun the princ~pa) .u credited. - ~ The makers and endorsers o( thi~ not~ (urth~r a~e to waive demand, nutic~ o( noo-Pa~•m~nt and prot~.t. and ~n th~• ~~~nt ~u~t ~ .hall br brouaht [or the eollection h~reol. or the same has to be collected upon demand o( an aetwney. tu pay Ka..onabl~ atturnrv'• { I ~rr. fur mak~n` wch cdlection. , t)~fened payment~ henunder shsll bear ~nt~K~t at the rate o(1en perc~nt per annum trom m~tuntr until paid ? 1'his note i~ aeeured bp a mortpEe of even dtte herewith and is to be corutrued and enforted accordin6 to the law. o( th~. I ~ta1e of Flotida: upon defanlt io the payment ot prin~ipd. andlor intereat when due, the v+hde o( pnn~ipal and ~nt~K~t ~ ~ ~ rrma~nina unpsid rhall. at th~ option of the holders, become immediat y dw~ nd payable. ~f ~ ~ %~~~-~'-~'ZtG ~~fL~ (~E:•~L) I 1 , . . 1 , 'f 1:,~' w. - ~ T c.«-~ (~F:At.) P~~p,r~d br ~ekr b Tendrich. A~~orners - Z2~0 tiwy~e Mi.wi, F'1~?ii. r------- . 1. The Mortg~gor hereby covenants and agrees: ~ (a) To pay all and singular the principal and intercst and othet sums uf money payable by v'vture ot ssid promissory note and this'deed, i or either, promptly on the days resptctively the same severally becomes due. ; (b) To permit, rnmmit or wffer no waste and to maintain the improvements at alt times in a state of scxod tepait and rnndition, and to do ~ or permit to be done to ssid premises nothing that will slter or change the use and chuader ot said propetty or in any wsy impair ot weaken the security ot this mort6ase_ And in case of the refussl, neslect or inability of the Mort6a6or to repair and maintain ssid ptoperty, Ii the Monga6ee may, at his option, make such repairs or cause the same to be made, and adrance moneys in that behalf. ~ (c) To pay all and sinsular the taxes, assesstnrnts, levies, liabilities, and obli6ations of every nature on said described property ach and i every when due and payabfe accordins to law, betore lhey Decome deliquent, and to deliver to the Mortga6ee on or before March 1 Sth of ~ each year tax receipts evidencina the paymrnt of all lawfully imposed taxes for !he ptecedina cakndu year;to indemnify the Mottaa~ee ~ upon his demand for all tazes, assessments and char6es that may be asseised upon this motigage on the indebtedness secured hercby, and paid by the mortga6ce, without re6ud to any law hetetofore enacted or hereatter to be enacted imposi~ payment of the whole or sny part thereof upon 16e Mortgasee. ~ (dj To pay all and sin6ular the costs, char6es aad expeases, includin6 lawyen' [ees snd abstract msts reasonably incurred or psid at any ~ time by thr Mortsa6ee benuse of the tailure on the part oi the Mort~a6or to pertorm, comply with and abide by each and every the stipulations, agreements, rnnditions and covenants of said promissoty note and this deed, or eilher, and erety such payment shall bear interest from date at the rate of tep (10%) per centum per annum. (e) It is further co~rremnted and a6reed by said parties that in the event of a suit beins instituted to foreclose this mortgage, the MoR- ga`ee shall be entitled to spply at any time pendin` wch toreclosure wit to the rnun having jurisdidion theteof for the appointment of a receivtr of alI aod singular the mort~ed property, and of all rents, inoomu, ptofits, issues and tevenues thereof, from whatsoever source derived; arid thereupon it is hereby expreuly convenanted and a=teed that the Court shall forlhwith sppoint such receiver with the usual powers and duties of receirers in like cases: and ssid appointment shall be made by the ooutt u a matter of strict ri6ht to the Mort- 6~6K. and withou[ reference to the adequacy or inadequacy of the ralue of the propMy horeby mortgased, or to the sotvencr or insol- rency of the Mortgason or any othet puty defendant to such suit. Tde Mortsajor heteby specificaUy vviives the ri`ht to object to the appointment of s receirer as aforesaid snd hereby expressly mnsents that such appointment shall be made ss an admitted equity and as a matter of absolute right to the Mortga6ee and that the ssme msy be done without notice to the Mortgagor. (n If foreclosure proceedings should be instituted aaainst the property rnrertd by this mort6a6e upon any other lien or claim whether alleged to be superar or junior to the lien of this mortgase, the Mortgaaee m~y at his optan immediately upon institutan of such suit or durin6 the pendency thereof declue this mortgage and the indebtednas secured hereby due and payable torthwith a~ may at ils optioa proceed to torecbse this mortgage. ~ (6) That the Mottga`or will keep sll real and personal property rrow or hereatter encumbered by the lien ot this motigaae insured as may ~ be rcquired trom time to time by t6e Mort6s6ee aaaiwt bss ot fite, windstorm and other hazards, cssuslties and oontingencies tor such perads and for not less than wch amounts as may be requ"ved by the Mortpgee and to pay ptomptly when due all premiums for such insurance. The amounts of insurance requ'ved by tAe Mort~ee shall be the minimum amourtts for which said insurance shall be written and it shall be incumbent upon the Mort6a6or to maintain such additional insunnce u m~y be necwary to meet and comply fully with all co-insurance requirements contained in said policies to the end that the said Mortga~or is not a m•inwror thereunder. Insurance shall be wrilten by a company or companies approved or desi6nated-by Ihe Mortsaaee a~d all policies and renew~ls fheteof shall be held by the Mort6a`ee. All detaikd designations by the Mort6aEor which are accepted by the MortSaEee a~d dl asreements between Mottp;or and ~ Mongaaee relatin6 to insurance, now existin` or hereaRer made, shall be in writi~g and shaU be a part of this mortpae a`reement as tully as thou`h ut forth rerbatim herein and shall govern both puties hereto and their successon and assians. No lien upon any of ssid policies of insurance or upon aoy refund or return premium which may be psyabk on the cancellation or termination thatof, shaU be ~iven to • ; ~ otAer than !he Mort6a6ee, except by proprr endorsement afTixed to wch policy and approred by Mort`aEee. Each policy of insurance ; shall Aave atfi:ed thereto a Siandard New York Mortgagee Clause without Contribution, makins all bss ot bues undtr such policy i psyable to the Mortgasee as its interat may appear_ 1~ the ereat any sum ot sums of money become paysble Ihereunder the Mortpsee shall have the oplion to receive snd apply the same on ucount of the indebtedness haeby secured. or to permit ihe Mortja=or to rE- ceive and uu it, or any prrl thereot, without thaeby waivin~ or impairir~ sny equity, lien, or ri`ht under snd by viriue of lhb mort- saae. In erent ot loss ot physical dama6e to the morlga6ed propetty the Mortsa~or shall 6ive immediate notice thereof by mail to the Mortgisee and Ihe Mortgagee may make proof of I~ns if Ihe same is not made promqly by the Mortpaor. In event of forecbsure ot ~ ~ / ~ ' ~ ~~11'~; . . Anot 27f1 ~er.F 4.~~