Loading...
HomeMy WebLinkAbout0571 MtOVID£D. ALWAYS, that it the Mortgsao~ shall pay uato the Mort~aa~eeee the indebtedness evid~acsd bp a oatsia peo~r ~ote ot which the tdlowins in words aad ti~ura is a true copy to-wit: ~ ~ - - ~~3~t~ag~ ~7st~ - - ~ ~ 3~~~2~ , Qp Fort Pierce , ~ f-i~,~;~,~ Nov_ember 18, ~y _ 7 7. ~ ~ i FOR vALUE RECEIVED WE, jointly and severally _ pn,mi.e to p:y [o ~he ordcr of TRVTN~ T RT rx~r ~Am MnT T v c $y~QMThis wifs the principal sum of THREE THOUSAND TWENTY-FIVE----------------NO/ 100 ' ~ [)n1.t.ARS, togcther with intercst theeeon f~om date at the tate ot ten percent, per annum until maturi~y, both principal and intercst bcmg payabk in lawful money of the U~ited States at 2244 Biscapne Bivd.. M iami, f lorida, at such othrr place ~s thr huldcrs hrreof rn~y designate in writina. Principal ar?d intercst payabie in installments as fnll~~ws: ~ ~ I SEVENTY-FIVE ($75.00) DOLIARS per month beginning on the 15th. day of ~ January 1978, and continuing on the lSth. day of each and every month thereafter until paid in full. This note may be pttpaid in whok or in part at any time upon payment of a penalty eyual to eight percent of the principal sum prepaid. F.ac6 insullm~nt payment ~hall be ~rrdited (int on the interest due, and th~ nmainder un principal, and int~r~~t -halt tl~.•~~• ~ u~wn ~easr upue~ the pnncipil w credited. The mah~n~ snd endorsen o( thi+ not~ furih~r aRrr~ to waive demand. ~~~tie~ of no~•pa? m~nt and prutr.t. and in th~• ~~~nl ~~~~1 E I .l,all br brou~ht (or the cdl~ction F~ereo(. ur the same ha~ tu bt colleot~d upun demand u! an attixnty. tu pa} r~awnabl~• ~ttu~n~~ (ix ma1?ina wch c~llection. (k(~rred paymenb he?rund~r shsll besr ~M~K~I at th~ tat~ oI ten per~rnt per annum from matunty u~til_pa~d l~h~s note a~ecurrd bp s nwrt~a~e ot even date herew~th. and is to be construed and enfw~ed acceudinR to th~ law. r~!'th~ ~ ~tat~ of Flonda: upnn d~(wlt ~n th~ payment o( principal and(or interest when due, the whol~ sum ~?f pnneipal and ~nl.~~~t ' j ~ma~n~~~ unpa~d ~hall. at lh~ option n( lh~ holde~. M~~nK immt ~ately due and pa able. ~ ~ ~ i ,t ~ / + ~ S L ~'~~t~-{-~ `_t ~ - ~~F. \1.) 1 ~'i ~L~Cc.~_: t-- ,1~LC~.t < _~~F:,~~.? ~ . - - / . h~p~~ h~eler i TewdncA. At~omey. 22~0 9ucayne Bl~d _ Mumi, lorid~ e aad shaU pe~lorm. comply wit6 and abide by each and every the stipulations, agreements, oonditans ~nd'c6veaal?ts ot ' ~id promisor: not? a+~d of t6is deed, then thi~ deed and the estste thereby crated shall cease and be nWl and void. ~ I. The Mortgpgor nereby covenants and agrets: (s) To pay alt and sin`ulu the principal and interest and other sums ot money payabk by virture of said promissory note and this deed, or cither, ptomptly on the days respectively the same sermlly becomes due. (b) To pernni[, mmmit or wtfer r~o waste and to maintain the improvements at all times in s state of sood repair and condition, and to do or permit to be donc to said premises nothin6 that will slter or chan6e the use and chuader ot ssid propMy or i~ any way impair or vreaken tht security ot this mortsa~e_ And i~ case ot the tetusal, ne`fect ot inability of the Mortsa~or to repair and maintain said property. the Mortgaaee may, at his oplion, make such repain or cause the same to be msde, and advance moneYS in that behalf. ~ (c) To pay all and sin6ular the taxes, assessmrnts, levies, liabilities, and obliptions of evtty nature on said described property each and erjry wfien due aad parable accordia~ to law, betore they become deliquent, and to deliver to the Mort~ee on or before March I Sth of i KcA year ta: receip~s rridenciu` the paymrnt of all lawfulty imposed ta=es for the praedin6 calendu year,to indemnity the Mort6~6K ~ upon his demand for all taxcs, ssxssmrnts and cAar6a that may be asseised upon this mort~~`e on the indebtedness secuted hereDy, and ~ paid by the mortp6ee, vvithout resud to any faw herctofore enacted or hetqfter to be eaaded imposin6 payment of the whole or any part tdaeof upon the Mort6a6ee_ ~ (d) To pay aU snd sinsulu the costs, clurses and expenxs, includina lawyen' fees and abstnct oosls ressonably incurred or paid at any ~ time by the Mort`aEee benuse of the tailute on the part of the Mort`aaor to perform, oomply wilh and abide by ach snd every the ~ stipula~ions, asrcemrnts, conditions snd corenants ot said promissoty note and this deed, or either, and erery such payment shall beu ~ interest from date at the rste ot tq~ (10'b) per centum per snnum. ~ (e) It is further comenanted and a~teed by said parties that in the erent o( a wit beit~ instituted to foreclose this mortgage, the Mort- p~ee shaU be entitted to spply at any time Qendi~ wch foreclosnre wit to the murt havins jurisdidion thereof tor the appointment ot ~ a receiver of all snd siogulu the mott~ed ptoperty, and of a!! tents, inmma, profits, issues and rerenues thereof, trom whatsoever wurce derised; snd thaeupon it is hereby e:pressly rnnvenanted snd s~reed that the Court shall forthwith appoint such receirer with the usual powers and dulies of receiren in like caaa; and said sppointment shall be msde by the oouK as a mattet of strict risht to the Mott- ~ 6a~ee, and without reference to the adequacy or inadequacy of the value of the propetty hetebr mortp`ed, ot to the soWency or insol- ~ rency of the Mortsa6on or any other puty defendant to such wit. The MoASasor herebr specifically waives the ri6At to o~jeet to the ~ appointment of a reccirer as aforesaid and htreby expressly oonsents that such sppointment shall be made u an admitled equity and as a matter of absolute ri6ht to the Mort`a6ee and that the same may be done without notice to the Mort6asor. (n If toralosure proceedir~s should ~e instituted aEainst the property coraed by this mortpae upon any other lien ot claim whether alle`ed to be superior or junior to the lien of this moKSaae, the Mort`asee may at his option immediately upon institution of such suit or ~ durin~ the-pendrncy tAereof declue this mortsaae and the indebtedness secured haeby due and payabk torthwith and mar st its option procetd to forecbse tha mon`ase_ (a) That the Mort`aaor will keep all real snd personal property now or hereafter encumbeted b'y the lien of this mortsa6e-insured as may ~ be req~ed frvm Nme to time by the Mort6a6ee apinst bss of fire, windstorm and other hazards, casualties and contingsncies tor such periods and for not less than mch amounts as ma be ~ uired b the Mort ee and 1o s om 1 whm due all emiums for such y Y ~'9 Y pt P Y p~ P~ Y P~ ~ insurance. The amounts of inwrance requircd by the Mortsa~ee shatl be the minimum amounts for wfiich said insursnce shall be writtrn y and it slull bt incumbent upon the Mort~or to msintain such additional insurance ss may be necessary to meet snd compty fully with all ~ oo-insunnce tequirements oontsined in ssid poGcies to the end that lhe aaid Mott~or is not s co-inwror theteunder. Inwnnce shall be ~ vrritten by a company ur companies spproved rn desianated by tde Mort~ee snd all policies and renewals thereof shall be held by the - Mort6a6ee. All dNaikd desgnstions by the Mort6a6ot which are accepted by the Morlp=ee and all a~reements belween Mortp`or and 1Nort`a`ee relati~ to iruurance, now existin~ or heraRet msde, shal{ be in writing snd shall bc s part of this mortga6e a6reement as tully ~ as ~housh set forth verbstim herein and shall sovetn bolh partieshereto and their successon and assi~ni. No lien upon any of said policies ~ of insunnce or upon any refnnd or return premium which -nay be payabk on the cancellation or termination thatof, shall be 6iven to ~ other than the lNort6asce, except Dy proper endonement affi:ed to wch policy and spproved by Mortsa~ee. Eath policy of insunnce shatl Aare atfixed thereto s S~andard New York Mortssaee Clause without Contribution, makir~ ~11 bss or losxs under such policy payabk to the Mortpaee as its interesl may appcar. In the event any wm or sums of mo6ty become psyable thereunder the Mortp`ee sAaN hare the option to receivt and apply the same on sccount of the indebtedneu haeby secured, or lo ptrmit lhe Mott6asor to re- ccire and ux it, or any put thereof, without lhereby wsivinf or impairins any equity, lien, or rijht unda snd by virtue of this mort- ~ 6a~e. In erent of~bss or physical dama6e to ~he mort6~6~ D~opMy the Morigsjor shaU sive immediate notice thereof by mail to the ~ Non~asee snd the Mort6asee may make ptoof of lou if the aame is not made promplly br the Nort~or. In event ot fwecbsure of ~ BQ~K278 o~~E 57p ~ ~ ~ .x.