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Home My WebLink About0344 PROVIDED, ALWAYS, that if the Mortgagur shall pay unto the Nortgagec the i~xiebtedness evidenced by a ccrtsin ptomis,wry note of whkh the following ia wurds and figu~es is a true copy to-wit: I ~/~IrI~ i S 2, 725 .00 Fort ierce Fio~;~, March 17 ~ 19 78 ~ Fott v~~~viriG~~~~T'A3'~3'RII5' ~E unnt~ y~ and cer e llu eco ed pa '"~~em~~t to the ordeS f g known a s ~ , . ; the pruu~p~l wm ot ~ THOUSAr1D SEVEN HL~RFD TWEN'Iy FT~'~-------NO/100 pp~I.ARS, together with interest thercon from date at the rate ot ton percent. per annum until maturity, twth principal and interest being payabk in lawfu! monty ot the United Statts at 224/8isca} ne Bivd., Miami, Florida, arat wch other place as the hoWers harnf ; may designate in writing. Principal and interest payable in installments as follows: ~ 1 l ~ ; SIXTY ($60.00) DOLLARS per month beginning on the lSth, day of ~ ? May, 1978, and co~tinuing on the 15th. day of each.and every month ~ j thereafter until paid in fuZl. ~ , ~ This note rr~ be ~ ~ y prepaid in whok or in part at a~y time upon payment of a pcnatty eyual to eight percent of the principal sum prepaid. ~ E,~ch in,~tallment paym~nt ~.hdl be ~ndit~d (irst ~?n the int~rrst du~, and th~ ~~maind~r uo pnnc~pal; and in~~r~•~ ~hall 1h~•r~• upun ctarr upun Ihe princ~pal .u ct~dit~d. _ ! The maktes and rndoes~n of thi~ not~ (urlh~r s~r~~ to waive d~ma~d: nnt~c~ of nun• pa} m~nt snd prut~.t, and m th~- r~rn1 •~ul ~hall br bmuaht !ot the ~otl~ction~ hcr~of. or th~ ~am~ ha~ tu be culk~t~d upon d~mand uf an atturn~y, tu pay na.wnablr ae~urnr~ . frr. fix making suc1~ co!lectiun. U~t~tted parment. heKUnder ahaU bea~ ~nt~rest at the rat~ a( ten pr~c~nt p~r annum trom matunty until paid 1'his note ia ~eeuted by a mort~~ of eveo d~te h~Kwith and ia to be co~strued and enfoMed accexdinR to th~ law. ~~t th~_ `tat~ of ftonda; upon de4ult in t~~ payment of p[inctpa) ~nd/or inttreat when due, tht whnle aum of pnn~~pal and ,nt~n•l r+~msmin~ u~aid sh~11. at the opticx? of th~ holde~, becom~ ~mmed'st~l~ du and payaWe. y ~ - ~ - ~ ~ ' y r'c[ 1~~+'1~~~T- ~`f:-1l.~ - ~ ~ ~ - ~~f:.~~., Prep~rrd 6y S~ekr i TewArich. Atlwney~ - 22~0 Bise~yne Bl~d.. Mumi. Flonda ~ and shaU pedorm, comply with and abide by each and e~rry the stipulations, agreements, conditions and covenants ot said promissory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. 1. The Mortp~gor hereby covenants and agrees: - Ia? Io pa~ all end singular thr principat -rnd intrre~t :+r~d uthrr .umti of munr> payahlr h~ .irtur~ uf wid promiswry note anJ this deed, or rithrt, pruniptly un the da)s rrsprctivrl~ thr wmr ~r~rtall~' brromrs dur. (h) Tu prrmit, commit ur wffer n~~ ar-r~tr anJ to m~intain thr impru~rmrnt~ at ~II times in a~tatr ~~f gooJ repair and cunditiun, rnd t~~ do or ~+rrmit to hr dunr to ~aid prrmises nothing that will altrr o~ changr thr u~ and char•rrtrr uf said pruperty or in an~ ~+ay impair or ~~r~kr~ the crcurit~ of thic mortgagr. AnJ in case nf thr rafusal, nrglect ur inability uf thr \lurtgagor tu rrpair and rnaintain vid pruperl~. thr ~1~~rtg~re may, at his option, make such rrp~in ur causr thr samr to hg made, and advancr monrqs in that brhalf. Ir) To pa}• all and singular the taars, as~resmrnta, levies, liabilities. and obligationc uf e~erp naturr on uid describrd propetty each and r~rry Hhrn due and payablr accurding U~ laa•, brfure tNr~ hrrnmr Jrliyurnt, and tu drlivrr tu thr ~tortgagre ~~n ~~r Aefore ~tarch i S.th of rach ~rar tax rc.ripK r~'idrncing thr pa}mrot ut rH laafully impu.~rJ taxec tor Ihr precrding crlrnJar ye-rr:lo indrmnify ~hr ~lortg~gre upnn his drmanJ for all ta~rs, a~sessmrnts and chargrs that ma~~ br assrised upun thic mortgage on thr inJrbtedness secured hereby, and p:~id hy thr mort~tager. without r~atd to any law heratofure ena.ted or hert:+tter to he znactrd impu+i~ paymrnt of the ~chulr or sn~ part thrrc~i( u~wro thr ~tortgagra. - Idl Tu (1:1~ :III and singuts? thr cucts, ahrrgrc anJ rxpensrs, including lati~~yrrc' frr+~nd ahstract .ustc rc-rs~~nablc incurrid or paiJ at any timr hy thr ~lurtgager hrcrusr oE lhr i~iluir un thr part uf thr ~lnrtgagor tu prrform, cumpl~ .vith aod abidr ~y rach anJ evrr) Ihr .tipulauuns, agrrrmrnt+, cunditions anJ rn~~enants uf uid prumiswr> note anJ thic drrd, or rith~r, anJ r~rrp ~och pryment shall bear intercat frum datr at thr r-rtr uf trp ( 10'~ ) per crntum prr annum. (r j(t is futthrr comen•ratcd and agrrrd bp tiaiQ parties that in the evrnt o( a~uit b~ing instiwted tu foreduse this mortgage, thr Jtort ~{JE[tC chall hr rntitlyd tu appl~~ at any~ lime prnding wrh forr~lusure suit to thr court ha~~ing jurisdiction thrrrof for t6e ap~~intment uf J ft~C11'~f 1)( :~nl~ SIIIt{UI,f IIIC murlKaged pr~prrty, an~ 11( rrnts, in.~~mes, prufits, ISSUCS :flld revenurs thrrrnf, fr~~m K'fl~(5(1C~'C/ wurcr drrit•rd: and therrupon it is hrrrh~ rapressly convrn~nted and agrerJ that thr Court sha0 furthw•ith appoint such recri~~rr with the u+ual ~~~crn and dutirs of rrcri~ers in like casrs; anJ said appointmrm shafl br maJr h~• the court as a mattrr of strict right to thr \tutt- gagre, and withuut rotercncr tu thr adr.~uacy nr inaJryuacy of thr ~•alur of the prupert~ hrrrhy mortgagrd. or fo the wltiency ur inw~l- crncy ut thr 1lortgagorc or an~ othrt party Jrfrndrnt t~~ wch ~uit. ihr ~t~irtgagnr hrreh~ cprcifiially waivec the right tu object t~. thr appoin[mrnt ~~f a recrivrr a~ aturrtia~d and hrrrh~~ erprrc~ly cun+rn[s thrt such app~~intment +hall br made a~ rn admittrd ryuil~~ and as a mat~rr ~rf ahw~lutr right to thr ~lortgagrr anJ that thr samr ma~ br June without nutirr w tht \lortgaRur. ~f? It furr.l~nurr pmcrrding~ shouW hr inctitutrJ against thr pru{xrty co~~errd by this mortgagr up.m am othr? !im ur elaim whrthrr alfegrJ w hr suprrior ur ~unior to thr lirn uf this mortgagr. Ihr ~1ot[gagnr ma~ al his ~iption immrdiatel}~ upim insGtution af such suit or Juring thr pendrnr~• therrnf drelare thi~ m~~ngi~er und thr indehtrJnes.+ secured hrreh~ due and payablr furth~c~th and may at its uptiun prorred tu foceck~sr this murtgagr. . (g) That thr ~t~~rtgagor will Arrp aU rral and perv,nal pruprrty n~~~v ~~r hrrratter rncumbered hy thr lirn of this m~~rtgagr insurrd as may hr rcyuirrd frt~m timr tn timr by thr \1r~rtg~Krr ~rainct lu~. oF (irc. ~~indcturm and othrr harardc. :rsualtirs and .~~niingrncies fnr wch prrK~Js and for nnt Irsx [hrn wch am~~untc a~ m~~- br rryuirrd hy thr Alortgagrr and lo pay prumpUy~ whrn due all premiums tor such mwraacr. The amuuntc ~~f insurrnce reyuired hy the Stortgagre ci~all hr thr minimum amounts for ~rhich saiil irtsurance shalt he ~vritten and i1 chall hr incumbrnt up~n thr \lortgag~,r to mainta~n ,uch aJditiunal insuran:r a~ may hr nrcrssary~ to mret and comply full~• ~vith all co inwrancr requirrmentc containeJ in said prrliries to thr rnJ that the said Alvrtgagor is not a co in~uror thercundrr. Insutance shall be wriUro hy ~ iumpam~ ur ~~~mp~mrs appn»rQ ~~r Jri~gna~ed h~ thr ~f~~rtgagre ~nd al! ~rlirie~ anJ rcnr«alti thrrrof shalt hr held h~ the 11~.rt~:~grr. All det~~IcJ dr+ignati~~m h) ~hr \1urtKrgur wh~ch arr accrptrd hy [hr \1~~rtg~ger and :~U agtrrmrntc brhvern Mottgagot and \b~rl~~Kre rcfahng u~ mwrrncr. nuH rxis[ing ~~r hrrrafter m:+dr, shaU t+e in wn~ing and thall hr a part of this m~~rtgagr agreement as fu(ly a. th~rugh tir[ forth ~rrbatim hrrr~n and chalf g~~~rrn M~[h partirs hrrrt~~ anJ thrir cuc.rxw,n ~nJ e.,sign~. Nr~ li;n u~n any of said policirs uf in+utenrr ~~r u~~n ~ny rrfund ~rr returri prrm~um ~chich m~y he pa}ahlr un tl~r cancrll~Uon ur terminau~rn Ihereof, shall be given to nthrr than thr ~b~rtgagrr. rarrpt hy prnprr rnJur~rmrnt aff~ttJ lo such pulic} ~nJ appn~~rJ h~ \t~~r[gagrr. k:ach pilicy o( imurance ~hrll ha~r a(fixrJ [herrtu a titanJard \rw ti'nrk ~Ir~ttgagre ('tausr e~rth~~ut ('.~r~trihutk,n, mak~ng all k,sc ur lu>crs undnr sacn p~lie}' nJ}Jhlt ~u thr Murt~.igrr as itc ~ntrrr.t ma~ apprar. In [hr r~~rnl ~ny sum ur wmc „f mirory hrcome pa~~rhle therrunder the ~lortgagre •hall havr the ~~pUun tn rrcrn'r rnd rppl>• thr srmr un acruunt of Ihr indrh~rJnrac hrrrM securrJ, or to permit the ti/ortgagor ter re- crivr and utir ~1. "ur any part :hcrrof. «ith~~ut thrrrhy N:ll~'It~(C nr 1mp~inn~t :my rywty, lirn. ur t~ght unJet and h}' ~rttur of this rttrrrt- ~trgr. In ~rrnt ~~f luu ~~r ph~~ical tIJRIJ~'a tn thr mi~rtgegrd pt~~prrt: thr \1ur[gagur ahsll g~~'e immrdiatr notice thr~ruf hy mad to lhe ~IUfI(LJ~CCC and thr \1~~tIK.~grr mey makr pr~wf ~~f luc~ ~f Ihr ~amr i. nut made prompily h~~ the ~1~~rtgagor. !n evrm uf furcck~sutc of s°oeK2$4 ~acE 3~4 ~ : t - - - ~~w~ . , _ i . : ~ ~ ~~,~-~~.r~;ys A ~