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Home My WebLink About0765 , • ~ - . .1 `',~i l. •.J NtOVIDED, ALWAYS, thst it the Mo~t~,agor shsll pay unto the MortRagee the indebtedness evidenced by a o~ q pon~wry aote ot whkh the ioilowi~~ in worda and ti~ura is a true copy tawit: N ~ • ~ ~ ~ s 32400.00 Fort Pierce December 14, 19 77. ~ ` FOR VALUE R~CEIVED - ~ - ' i promise to pay ; to the arder ot ~i.T.T M S:R(]f)N Ai~i1) _T ?Ai (`'RM ~}~~g the principal sum ot DOI.LARS. ~ iogeiher with int~erest thereon from dste at the rate of ten peroen~ per annum until tnaturity. both p~inripal and inttrcst being payabk in lawful maney of the Urtitcd Stetes at 2244 Biscaynt Blvd.. M ismi, Florids~, or at such other plaa as the hoWen hercof may designatc in .writin~. Principal and interest payable in installments as follows: ~ EIGHTY-FIVE ($85.00) DOLLARS per month beginning on the 15th. day of ~ February 1978, and continuing on the 15th. day of each and every month thereafter until paid in £ull. This nott rt~y De prrpaid in whok ot ia part at any time upon p~symrnt ota penalty eqwl to eight percent o( the p~nc~pal sum prepaid. F'.rch in.tallment payment shall be eredited (i~t un the interest due, and th~ remainde~ on pnnci~?al; and ~nt~tr•t -ha11 tl„•r,• ~ upnn~ceasr upun the principal au ctedited. 1 Thr makerx and rndotsrrs of this not~ furthPr agK~ tu waive demand, n«tic~ of nc~•pa~ m~nt and prot~•t. and ~n th.• n~n~ •u~~ ~ J~al) br bwu~i for the cdl~ction h~?eot_ or th~ same hs.. tu be collect~d upon d~mand of an attwnrr, tu pa~ rrswnabl~• a~turnr~'- i (rrr (ur mhkint wch cdlectiun. ~ [?et~rred paYment~ hen~unde~ chall bea~ ~nt~re~t at the ~at~ o( ten perc~nt pe~ annum from maturity until paid ~ i~ 1~his eoa a,~ecured by a mort~e o( even d~te herrwith ~nd 'u to be construed a~d cnlorred accordin~ to the la,r. ot th~ ' ~tat~ ol Florida: upon dctwlt ie the payment ot p~ncipal andlot intetest when due, the whde ~um o( pnn~ipal and ~n1~rr~l • I rrma~oinR unpaid r.ha11, st thr option of lh~ holde~s. become immediately due aod payable. ~ ; ~ ~ (`E ~L) - ~ ~ y I ~ ~?~t~ b ~Vek~ a Tendnch. A~~orner• - 2240 BMCaYne ~v~.. Miam~, t and ~lulf ~or~n;~mply with and abide by each and every the stipulat[oas, ~ents, oonditans a oorepats of said promasory note and of this deed, then this deed and the estate thereby crcated sha8 ceace and be null and void. ' 1. The Mortg~gor heceby covenants and agrees: (a) To pa~• all aod singular the priacipal and in~erest and othcr sums of money payable by virture of said promissory note and this deed, ~ or either, promptly on the days ~espeMirety the samr severally bemmes due. (b) To permit, commit or wtier no N~ste and to maintain the improvemen[s st all times in a state ot sood repair ind condition. and to do or permit to be done to said ~xemises nolhing that wilt aftet or chan6e the use and character of said property or in any wsy impair w weakert the securily o! this mortaage. A~d in case of the retuul, neglect or ina~ility of the Mort6agor to repav and maintain said property, } the Mortgaaee may, at his option, make such repairs or cause thc same to be made, and advance moneys in that behalf_ (c) To pay all and sin6ular the tsxes, assessments, levies, liabllities, and obligttions ot every nature on said described property each and ~ erery when due and payable accotdir~ to lav?, before thep become deiiyurni, and to delivet to the ~lortgsgee ort or before March 151fi of rach year tax receipts er-idencins ~he paymrnt of all lawtully imposed tazes tor the precedin~ cakndar yeu;to indemnify the Mortga6ce upon his demand for ~iI uxes, assessments and char6es that may be ascedsed upon thit mortEagr on the indebledness secured hereby, and paid by tht mortaa~ee, without reEard to any law hereto[ore enacted or hercafter to be enacted imposin6 payment ot the v?hole or any parl thereof upo» tf:e Mortgsgee_ ~d) To pay a!1 and sinaulu Ihe costs, charges and expenses, includin6 lawyen' fees and abstract msts reasanably incurred or paid at any time by the Murt6agee because of the (ailurr on the part of the blortgagor tb perform, comply with and abide by each and every the stipulatiuru, a6reements, cunditfons and corenants ot said promisso~y note and this dectii, or eithet, and every such payment shall brar intetesl trom dste at the nte of ten ( IO~c) per centum pet annum_ (e) It is furlher convensnted and agrerd by said parties lhat io the erent of a suit being instituted to foreclose this mortgaae, the Mon- 6agee sAall Ae entiUed to apply at any time pendins such foreclosute wit to ihe court havi~a jurisdiction thereof for the appointm~nt of a recei~er of all and singular the mortgaged property, and of aR rents, inrnmts, profifs, issues ar+d revrnua tAereof, from whatsotver ! source duived: and the~eupon it is hereby ezpressly conr~enanttd and aareed that the Court shall fotthwith appoint such receivet with Ihe ; usual powers and duties of receirers in like cases; and said appointment shall be made by the murt u a mstter of strict riEht to the Mon- # sa6ee, and without refetence to tht xfequacy or inadeqwcy of the value of the property hereby mortaaged, or to the solvency ot insol- j rency ut the MortEaaors or any other puty detendant to such wit. The I?lortgagar hereby specifically waives the right to object to the i ~ppointment of a recei~er u aforesaid anJ heieby expressly rnounts that such appointment shall be made as an admitted equity and as a matter of absolute riEht tu the Mortsa6ee anJ that the xame msy be Jone withoul rwlice Io the Nurigsgor. (n 1f fureclosurt proceedings should be instituted asainst the property rnvered by this morlgaae upon any other lien or claim whether ~ allraed to be superior or junior to the lien of this mort6age. ~he Mortgs6ee msy at his option immnli:tely upon institution of such suit or s Qurins the pendency thereot declue this mort6age and the indebtedness secu~ed hcreby due and payable forthwith and msy at its option } proceed to fore.bse this mort6~6~- That the Mortgasor wi(I keep aH real and personal property now or hernfter encumbered by the lien ot this mo~taase insuted u may Ae reyuited from time tu time by the Mortsasee against bss of Cra windstorm and other hazards, ruwlties and mntin~encies fo~ such ~ perinds and for not less than such amounts as may be requurd by the Mortss6ee and to pay promptly when due all premiums for such ~ insurance. The amuunts of insurance reyuired by the Atortgager sha)1 bt the minimum smuunts for which said insurance shall be written and it shall be incumbent upon the Mortgagor tu maintain such additional insu~ance u may be necesury to meet and comply fully with all i m-insurance tequirements containeci in said policies to the end that the ssid Mortgasor is not a co-irtwror thereunder. Insurance shali be ~ ` wTitten by a cumpany or mmpsnies approveJ or desi~teated by the ~lortgagee anQ all policies and renev~~ls thereof shall be heW by the Mon6agee. AII detailed desi~tnationc by the Mortgagor vvhich are accepted by the Mortgagee and all asreements betwcen Mortgaaor and Mortgagee relating to insurance, now existins or hereafter mxfe, shatl be in writing and shall be a part of thia mort`age asrcement as fuHy u thouEh xet forth verDatim herein and shall govem Ixrih parties Aereto and their succrswrs and auigns. No lien upon any ot said policies ~ of inwrance or upon any retund ~x return premium which msy be payabk on the cancellat„~n or termination thereof, shall be given to ~~ther than the Mortgagee, except Ay proper enAorxment :ffixed to such policy and approvaf by Mortza~ee. E;sch Foticy of insunnce ~ shall hare affixcd lhereto a Standard New York ~lortgsaee Claux without CoMribution, makins all bss ot bsses undtt such poGcy payable to the Mortgagre as its in~rrrst may apprar. In the event any sum ot sums of money become psyable thereundar Ihe Movlpaee ~ ~h~ll hare the optiun Ie~ rcceire and apply the wme on account of the indebteQness herrby secured, or to permit the Mort6asor to a- i ceive anJ use it, ~,r any pul Ihereof, withuut thnrby wairing nr impairi~ any eyuity, lien, ur right undet and by rirtue of this mort- i &~6e. In e~ent yf bs~ or physical Jamage u~ the mortgaged pruperty' the M~~rtgagor shafl 6ive ~mmdiiale notice thereot by mait to the 2 ~~ort6a6ee and the Mnrtgagee may make pruof of I~rs if the same is no1 made prc~mptfy hy the Mort6aEor. In evrnt ot torecbsute of . s U R ~~a ti~. 7~A • ~