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Home My WebLink About0347 PROVIUED, ALWAYS, that if the Mongagor shall pay unto the Mortgagee the indebtednas evideqced by a cettsin promissory note of which the foltowing in woods a~d figures is a true copy to-wii: I . ~C+~y~~s x.t~ ~ s 2. 275 .00 Fort Pierce F~~;~, March 16 , i9 78. ~ ' /~~~~g E WE ointl~y and severall ' ~OR V VICZ'O~CD~v~ ~ AAC - - y _ C~~~1~eUNR ' . . ~ ~tiQ~- . . . . * ~ ~he princip~l sum of T~ THOUSAND TWO HUNDRED SEVENTY FIVE -----NO DOLI.ARS, toaethet wi!!i inlersst thereon tram date et the tate of ten perornt. per annum until maturity, both principai and interest being payabk in lawful money of the United Sutes at 2244 Biscayne Blvd., Miami, Florida, or at such other ptace as the holders hercof ' may desianate in writina. Priacipal and intertst payable in instaUments as follows: ~ , ' FIFTY-FIVE ($55.00) DOLLARS per month begin~ing oa the 15th. day of ~ May, 1978, and continuing on the 15th. day of.each and every month ` thereafter until paid in full. ~ ; **M.D. EMPLOYEES PENSION TRUST" ~ Thi~ note n~ be d in whok or in rt at an timc u on ment of a ~alt~ ual to ei ht i y prepa' pa y p pay pe ey g percent ot the principal sum prepaid. ! Each in~allmeet piyme~t ahall be ~rrditcd G~t un the interest due, and th~ ~emainder un principal: and ~nl~~~•t ~li~il tl~~•r~~ upon cenr upun the principal .~i credit~d. ' The m~lten~ and rndo~teh of thi• not~ fu~th~r a~~ to waiv~ d~mand, notir~ of non•paym~nt and pwt~.t. ~nd m lhr rvrp~ .,ut .lul) br brou~t for the ~dkction herco(. o~ th~ same has tu be collected upon demand o( an attorney, tu pay r~awnsbl~ atlutn~~ , frr~ (ix ma~un~ such cdkction. ~ (k~emd paymenta henunder ~Full bes~ ~nlerr.t at the rate o( ten perc~nt per annum (rom maturity uetil paid. f i'his eote i~ kcu~ed br ~ mort~e of even date h~rrwi?h •nd is to be coo~teved and cn(w~ced accordiry~ to the law. ot thr ; ~tal~ oi Florida; upon dr(wlt ie thr payment of princ~pal aedlor inte~est Mhen due, the ..hd~ sum o( pnn~ipal and int~K~t n~n~minR unpud shdl. •l the option of the holders. b~come ~mmcd'utely due and payaWe. , ' ' ~ (`E•V.) I . ~ - ! (~F:,~1.? ~v~ M~~ i tewe~h. ~~~o~w~r. - Z24o e~ear~e Blyd . Mi~mi. Fbrida and shall perform~ compty with and abide by each and e~rry the stipulations, agreements, rnnditions and covenants of said ptrimissory note and of this deed, then this deed and the estate thereby created shall cease and be nul) and void. 1. The Mortgagor hereby cuvenants and ageec: Ia1 lo pay ~II and ,ingular thr pnni~pal and.inurr~t anJ uthrr sumsot munry pa~~hlr b? virtureo(said prumi~u~ry nutr and thisdrrd, ~>r ri[her. prumptl~ ~~n the days rrcprc~i~rl} thr vmc sevrr'ell) hrrumrc dur. (h~ To permit, cummit ur sufirr rM~ Na~tr rnd tu maintain thr impro~rmrnts at all timrs in a s~atr ot guuJ rrpair and cunditiun, anJ tu Jo or permit tu be du~r to said premisrs nothing thrt will rltrr ur changr thr use anJ chrractrr of said property ur in any way~ impair or ~crakrn 1he srcurity of ~his murtgagr. And in casr o( thr rcfusal, nrgl~et ur inrhility of the ~fortgagur lu repair rnd maintain said pruprrt~. thr ~lurtgagea may. at his option, make sucfi repairs ur c~use the same to hr made, and adrrncr monrys in ~hat Arhalf. li~ Io pa~ all anJ singular thr ta~rs, assrtiment._ Iz~irc, liabiliti~s. and obligationc of e~ar~ nature rrn said dexribed prnpert} rach and r~rrq ~ahrn Ju~ anJ payeblr accurdirtg tu laN, hrf~>rr thay becoma drliyurnt, rn4 lu deli~er to thr ~lortgagee un ~~r hrforc \tarch 1 Sth uf ra.fi ~rar taa rriripts rvidrncing tht paym~nt of all lawf~lly impu,rd tacrs for thr precaJing calrndar ~rar; W inJemnify the ~turtgagrr up~~n his demand for rll t•r~rs, acerssmrntc and chargrs that ma~~ hr assrs~eJ upun this mortgage on the inJeblrJneu srcured hrreby, rnJ p~~d by thr nwrtgagre. wethuut rrga~d to ~ny lativ hrretnfure rnacted or hereaftrr to br rnactrd imiwsing payment ot thr ~nholr or an>• part Ihrtruf up~n the ~turlgaga~r. Id1 T~~ pr} all anJ cingular thr cu~~s. chrrgr~ and c~prn~rs, induding lawycrc' frr~ and abstract iust~ rrasunaht~~ incurrrd nr pa~d at an~ timr h~ thr \tur~gagre hrcauu of thr trilurc on thr part uf thr ~t~~rtgrgur tu prrG~rm, rumpiy .vith and abidr hy rarh ~nJ e~rn thr chpulatiuns, agrrrmrnh, .e;ndi~„ns and cu~rnrnts uf wid prumis~uty nutr and this drenl, ur eilher, and e~•rry ~uch pa~mrnt shal! brar ~nterrst frum datn at thr ratr uf ~r.~ ( IU'~? prr crntum prr annum. (r? It ~s turthrr cumrnantatil and agrrrd b~ ~aiJ partir+ th•rt in thr evrnt of a~uit being institutrd to furcclosr thit murtgagr, thr Afurt- Ragrr shall hr rnlitlrJ tu appl} at an~ hme prnding wch forrduwrc wit to thr rnurt hacing jurixlictiun thrrcof fur thr appointmrnt uf ~ recei~~rr ot a!! anJ singular thr mortgagrd pruFrrt~~, ~nd ~~f all rrnts, incnmrs, prufits, iesues and revenu~s thrreof, fmm ~vhatF~errr wurcr Jrri.rd: and thrreu~n i~ is hrrcb? exptrssly cunvenantrA and agrerd that thr Cuurt shall furth~rith apperint such receirer with the UGUJI (%~N'~'f5 anJ dutits uf rrcri~~er~ in likr ra~rs: anJ ~ai.f appointmrnt chrU Dr madr bq thr cuurt as a mattrr of strict ~ight to the ~l~~rt- ~Zrger, and ~vithuut rrfrrrnce tu-~hr rdryuac>' nr inadryuacy of Ihr value of the pruprrt? hereby morlgagrd, or tn the wlvency ur inw~l- vrnc~ of thr ~lorlgagors nr •rn> uther part~ drfendant tu surh suit_ Thr \fortgagur hrrrbp tipeciC~cally waivrs Ihr right to ohject to the appu~ntmrnt of a rrcricrr a~ afurr~a~.t and hrrrh~ r~prrc~l~~ r~~~~~ntti that wch apputntmrnt shall br madr as an adtt~it[eJ eyuity anJ as a mr[trr nf abwdulr right to thr \furt~eagrr anJ that thr umr may br donr wi~huut nuti:e tu thr ~lurtgagot. If? !f turrclo+urr prurredin~C~ should br institutrd against Ihe prnprrh~ co~rrrd by thi~ murtgagr upun anp othrr lirn or claim ~~'hrthet allrgrd to br superN~r ~~r ~un~or tu thr lirn uf th~ti murtg~gr, thr ~tartg-rger may at his uptiun immrdiatrly up~n inst~tutiun of ~uch suit or - during the prndenc~ thrreuf drdare th~s murtga~Cr ;~nd thr indrhtrdnrsti srcureJ hrrch}~ dur and pa~ahle fo?thw~ith ~nd ma>~ at its upli~in procred tu fnrecbsr this mortgage. (g? Tb~t tbr ~fortgag~~r will krrp aIl rcal and pcrvmal pr~>pe~t~~ nnH~ nr hrrrafter enrumbrrrd hy Iht lien of this mortgagr insurrJ as may hr reywred frum hmr t~~ timr h~ thr ~furtg~grr ~~a~i~.t I.~~s vf firr. ~.indsturm anJ other haisrds, casualties and cuntingrncies fnr such perN~Jc anJ tur nut less than wch rmounts as ma~ hr rryuirrd b~ ~~r t~urtgattre and tu pay prumpdy whr~ dur a!! premiums fur wch imurrncr. The amounh ut insurancr reyuireJ h~ the Mort~tagre chall ht the minimum amounts fur which said insuranee shall he v~Titten and it shrll br ~ncumbrnt up~n thr ~fortgagur t~~ maintain ~uch adJiti~.nal insurance ac may he nrersvr~ lu mee~ and compl~~ fully w~ith all cu insurrncr reyuirements runtainrd in said pulic~es t~~ the rnJ that thr said ~fortgagor is m~t a co-insurnr fhrreundrr. lnsurance +h311 be written b~ a iutnprm ur cumpanirs apj+ruvrJ nr de~ignatrd hy Ihr \1~~rtgrger rnd all p~licies and rrnr~~als there~if ~hall be hrld hy the \turtg~grr. .-~II dr~a~lyd d~,~gnatiunc h~_ Ihr \t~~rtgrgur ~~hich rrc accrp~rd hy thr ~furlg:~grr ~nd all agreemen[t brtween ~tortgagnr-anJ Sturtgegrr relating tn ~murance, no~+ etictm~ e~r hrrrafter maJr. ~h~ll hr in ~+ritmg •anJ vhall br a part of this mortgage agrerment fufly a~ thnuRh ~rt furth vrrhaum hrrrin rnd ~t~:ill gn~crn M~th prrtir+ hrrct~~ and thrir su.:~swr. and a„~gns. No li~n u{x~n any of said pulicies uf intiur:~ncr ~~r up~n ~n~ rrfund'~a rr~urn prc~nium .~h~ch m~y f,r payahlr nn thr .ancrlletiun or trrminatN~n thrrer~t. shall be given to ~~U~rr tha~ thr lt~~rt~agrr. rurpt ht~ prnprr eaJ~~r~rmrnt affitrd to wch p~Jic~ and apprnvrJ h~ S1ut(grgrr. Fach p~licy ui insurance ~h~ll bavr affYard thrrctu a ti(andrrd \r~v 1'hrk \I~~r~gaRre l'lausr ~~i[huut t'~~ntnhut~.n. making all Wicc ur I~rtcts undrr iuch p~liry payahlr ~n thr ~lnnga~re a. rtc mt~« +t ma> appcar. In tFic r~rn~ anp .um ~~r sum. ut m~~nr~ beiome pa) ablr thercundrr Ihe \turtgagee ~h.~ll h:nr the nphun tu rrccnr ~nJ ~pply thr .~mr ~~n accnunt uf thr mJrhleJnr.~ hrrehp xcured, ur to prrmit thr \lortgagur to re- crnr rnJ uac iL nr any part thrrcuf. ~~rth~~ut therrhy N~n~n~t ur ~mp~iNn~t an~ ryurt}, lirn, ur nght utxlrr and by virtue of this mort- ga~tr In r~rM nf In« ur ph}+ical drm;~r h~ thr mnrlNagrd proprrty thr tt~~rtKag~a ~hall tire ~mmediate n~~tice thrrruf by mail tu thc Sl..rt~C.~grr anJ !hr \f~~rtKagrr mey m~kr ~rn~.f nf b+~~ ~t Ihe +:imr is nnt madr prumpll~ h}~ thr Sturtgagur. In rvrnt of forrck~sure of Eo~K284 34? ~ ~ ~ r~ ~ _ ~ _ _ - _ - - ~~~~z, ~ ~ ~