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Home My WebLink About0341 rROVIDED, Al.WAYS, that i( the Mortgagur shall pay unto the Mortgagee the indebtedness evidenced by a certain p~omi~oty oote oi which ihe following in words and figures is s true copy to-wit: i ~r~~ ~ ~ s S. 850. 00 Fort Pierce F~orid,. March 17 191g 1 FOR VAL ~t iv WE ointl and severally promix-~o pay ~ to the orde~ of ~K~~ GOL ~ ~ chc principal wm o( U EIGHT H[JNDRED FIFTY------_____Aip/100 DOl_LARS, ~ together with inlerest theteon from date at the rate of ten percent, per annum uotil matu~ity, both pri~cipal and interest heing ; payabk +n lawful money ot the United States at 2244 Biscayne Blvd.. M iami, Florida, or at such Mhet place ax ~hr holde~s hcreof ~ ! may designate in writiea. Principal a~d interest payable in installmentc as G~Iluw.: ~ ~ j ONE H[JNDRED THIRTY ($130.00) DOLLARS per month begintting on the lSth. ~ i day of May, 1978, and continuing on the 15th, day of each and every_ ; month thereafter until paid in full. ~ i . i This note may be prcpaid in whole or m part at am• time upon payment i~f a penalty cyual to eight pc~cent of the prinripal sum prepaid. Fych inatdlment parment ahall be cKd~l~d Gr•t un the ~nterest du~, and th~ r~maind~r un prmc~Nal; snd int~r~•t •hall ~h~•r~- upun ceasr upun thc Pnncipa) w cr~dited. Thc maken. and rndorx~ o( thi. nut~ furth~r a~n~ tu waiv~ d~mand, noU~•r of no~•pa~ m~nt and prutr.l, and m th~• r~rnl .ui~ -I~all ~ btou~ht [ot the ~oll~ction h~nof. ur thr ,am~ hsa tu br coll~~•t~d upun d~mand uf an atturn~y, tu pa~ rra•onablr ~tturn~~ ~rr~ (cx mak~n6 such cdlectiun. , De(rned pa~ ments herrunder .hall brar ~nt~rr>1 at th~ rate of ten prr~~nt p~r annum (rom matu~t} unt~l paid 1'his ~ote u~ ~ecured by a nwrt~~ o! even datc he~ewith and is to be conadved ~nd enforced aei•ordinR tu the law. c~f th~ ~tat~ ot Flonda: upc~n drf~ult in th~ p~yment of prin~ipal andl~r inter~at wh~n due, th~ whnlr wm ~?t pnn~•ipal and ~nl~n•t rrma~ninR unpaid shall, at th~ opt~on of th~ holders, br~ome ~mmed~atel due and p~}•able. ' ~ - ' )f~ 1-~~------ - ~~f:~l.? ~\1~ ~ --(`F:,~1.) ; Pt~p..~/ br ~prkr 1~ Ten~nch. A~lorney. - 2240 Rucaynr 91~d . Mum~. Flonda and shall perfonn, comply with and abide by each and e~rry the stipulations, agreements, conditions and oovtnants of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be null and void_ 1. The Nortgagor hereby covenants and agrees: ~a? To pa~ all and singular thr principal rnd mtrrest and uthrr wnis ~~t munr> payahlr h~ ~~inure ut w~J promi~u~ry ra~tr :~nd this dred, or ri~hrr. ptumpUp un thr da~s rrsprcti~'ely thr uinr srcrrally hecumes dur. Ibl To prrmit, commit ur sutfrr rn~ v~a~tr :~nd tu maintain thr impra~rmrnt+ at all timrs in a statr of guud rrpair •rnd conJition, and to do or prrm?t tu br donr tu said premisrs nothing that wiU altrr ~rr .hangr Ihe usr and character of said prope~ty nr in an~• way impair or aaeaken thr ~eeurity uf this murtgag~. AnJ in casr of thr rrfu~l, neglect ~~r inaAility of thr ~tortgagur tu trpair and maintain saiJ pruprrty, ~ the \tnrtgagrr may. at his uption, makr such repairs or cause thr ~mr to be madr _and aJvancr monrys in that brha~(. f ~ r~ r~~ 3ii :~nd singular ~he taxrs, assessments, Irvies, liabilitirs, anJ nbligatiunc of rvrry~ naturr on ,-riJ JruribrJ property each and I r~rr? ~+hrn due anJ payahlr according tu Ir~~. befure thr~ hrcome Jrliyurn~, and ~u drlicrr tu thr ~tort~:~eer ~~n or br(ore ~tarch 1 Sth oi j rach ~rar taa recripte t~idrncing the paymrnt of all ta.+fully imp~~irJ taxes for thr preceding calrndar yrar,to indemnify the Alorfgager j upon his drmand tur all taces, assr+sments anJ chargas th3t map hr as~isr~1 upein lhis mortgagr un thr indebtednrss srcurrd hereby, and . ~ p~id by thr mortgager. without rrgard t~~ am law heretofore rnacted or hereafter to be enactrd imposing paymrnt of the_~chule or anp ~ part therrof upun [hr ~lvrtgager. ~ (d) To pac all and singular thr cust~, charges rnJ r~prn~rs, induding lawyrrs~ fers and ahstract costs reasunably incurred nr paid at any ~~mr b~~ thr ~furtg:~grr hr.ausr uf thr failure un thr part of thr ~turtgagur tu prrfurm, a~~mpl} ~~•ith and abide h~~ rach anJ rvery the ~ ~tipulations, agrrrmrntc, cunJihuns rnJ currn-rnK ot s:iid promissory nute anJ this drrJ. or rither, and every w.h pecmrnt ~hall hrar intrrest frum J3tn at the ratr uf t~p (10 i) prr crntum per annum. (r? It is furthrr cum•rn•rntrd and a~rrrd by sai.i partirs that in thr e~ent ot a wit being instituted tu forectose this mortgage, thr A1urt- gagrr shall hr enlitled tn appl}• at an~ time prnJmg wch fotrclosure cuit to thr court having jurisJirtion thereuf for the apEx~intmrnt o( a receiver of all •rrtd singular thr murtg~grJ pruprrty, and oi all trnts, ina~mrs, profits, issues and revrnues thrrruf, from vvhatsoe~~er a~urcr derivrJ: and thercupon it is hrreby expre~sly c~~n~~rnantrd and agrrrJ that thr Court shall fur~hwith appoint such rrceivrr with the u+ual p~~Hrrs and Jutirs uf rrceivers in likr casrs; and said appointmrnt shall br made by thr ~ti~uri as a matter of strict right to the ~1ort- gagre, anJ withuut refrrcnce to Ihr adryuaty~ or inrdeyuacy uf the valur of Ihr proprrty hrreby mortgaged, or to thr wlvency ur inu~4 ~rnc~~ uf the blortgagors ur an} othrr part) drfendent to such 5uit. Thr ~lortga~LO~ herch~~ ~peciTic:~Uy~ w3ivrs thr right to ob)ect to thr app:~~ntmrnt uf a rrcria~~r ac aforcsaid and hereh~~ rxprrs~ly~ cunsrnts that wch appuintmrnt shall br made ac rn aJmitted eyuity and as a manrr a~f ab.idutr right tu Ihr \tortgrgrr anJ that Ihe same ma~ he.dunr ~~ithuut nutice to the \1~rtg•rgor. ~ - It~ If fnrrctu~urr proirrl~ngs ~huulel br imtituted agaimt thr proprrty c.~serrJ hy this mortgagr upan an~ othrr lirn or claim ~~'hether ~ ellrged to he super~ur ut luniur tu the lirn uf this mortgagr, the ~tortgager may at hisoplion immrAiatel~' upon institution o( such suit or dunng the penJ~ncy [hrrruf declare this mort~Ca~tr ~nd thr inJeMednrs. srcurrd hrrrh? dur and pa> able forthNith and ma} at iK optiun ~ pmcrrd tu furecH~sr this m~~rt~agr. _ ~ (~1 That thr ~~Of[~'3~L~~f WIII I(~t~ a0 real anJ prryrnal proprrtv now ~rr hrrrafter encumbered h~• thr fien of this murtgagr insurrd as ma} ~ hr rryuirrJ R~~m timr to timr by thr \furtgager agel~~+t tinc uf firr. w~ndeturm and ~~ther ha~erds. racuahirs and cuntingencirs fur such _ ~ prrN~dc anJ tur nut less than wch rmuunts a~ may hr rtyuirrd b}' thr 1lurtgagrr and to pay prumpt~y whrn dur all premiums for such mwrancr. Thr am~~unts uf insur:+ncr rryuired by thr ~lurtg~gee shall be thr minimum amounts for which v~id in5urance shall b~ w'rittrn ~ and it ~hall br incumbrnt upun the ~lortgagur tu maintein such aJJiti~~nal imurancr ax may be nerrssarq tn mert anJ rompl~' tully w~ith all ~ cu mwrance reyuirrmentti cuntaineJ in viJ pulicies tu lhr end that thr taid Sturtgagot is not a co insur~~r thercunJrr. Inwrance shall be ~ wr~ttrn M~ a cump~ny or iumpamrs appw~rd or dreignatrd hy the \tortgager and all p~licirs and renrNals therrof shell hr hrld by tht ~ \lottgrKrr. All dr[a~le3 drsqtnrtinnti h~ Ihr ~tort~cagur ~~hi.h ere accrptrd b> thr ~I~~f(~2J~LCC :?nJ nll agreements hetw~een ~lortgagor and ~ ~tortgagrr rrlating t~~ imuranct, nuN r~i+tu~g ~rr herr:+fter madr, shall he in writing and shal) hr a part of this murtgage agreement as fully ~ ;~c Ih~~ugh ~rt G~r[h ~eth~tim hrrcm anJ tihrD guvcrn txrlh parti~s hrrclu and th~ir succetiwrs ~nd s~tiigns. tin lien upon any~ uf said policies of in.ur.~ncr ~~r upun en~ rrfund ~x rrturn prem~um Khich ma} hr ~a>ahl~ nn ~hr cancrllrtinn ur trrminatiun thereof, shall be gi~rn tu uthcr ~han thr ~Inrlgegrr. r~cept h} pmprt rndonrmrnt rff~xrd to surh p~~l~cp rnJ approcrd b> ~turlgagre. Each pnlic~• of insurance ~hall ha~r aff~xr<I Ihrrrtu a StandarJ \ea~ Yurk ~tortgagee ('lau~r ti~ith~~ul C~~ntnhulN~n. mak~ng all M~sc ur losxs under such policy ~ pa}ahk 1u thr ~t~~r~~agre a~ u+ mtrrr+l ma> apprar. In ~hr rvrnt an~ wm ~~r wm~ uf m~~nr}• hr.ume pay'ahle therrunJer the :~lortgagee ~ ~f1JII I7JYC thr ~~p~wn ~n rrcrn~r and apply thr cnmr un accuunt ~.f thr indrMrdnru hereb) s~curcJ, ur to permit thr ~lortgagor to re- cenr and utir it, nr .~ny parl ~hrrc~~f. Wi~hirul thrrehy N~iring ur impairing anq tyuity, lirn. ur righl unJrr and h~ vutue uf [hia rirort- ~ gagr. In r~'rM of In« ~~r ph~~~.al dam.~e t.r thr m~~rtKagrJ pn~prrt> thr ~lortga~~x ahall givr ~mmrd~rtr rN~ti~r therc~~f by mail to thr \lartgagrr aoJ thr ~t~~rtgagrr mey make pn~~d o( Irn+ if thc .amr i~ nut m.~Jr pn~mptlc h~ thr ~lortgagor. In rvrnt of forecbcure u( ~ ~ o R 284 ~,,c~ 3~1 BOCK ~u, ~ - - - - - - - - - - ~ a~.,~~' , n, ~ ~ xW-~~ _,l.°~T' ~ .