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PROViDED, ALWAYS, that if the Mortgagur sha!! pay unto the Mongagee the i~~debtedness evidtnced by a certain"
promissory note ot which the foUowi~g in words and figures is s true copy tawit:
"~fiH~ag~ ~/1ot~
S 3.825.00 Fort Pierce F~~;d, Aaril 22, ~~9~
FOR VAI.UE RECEIVED WE, iointly And severally ~omise co
P WY
to che ader of HUNEY RECKSON
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the principal sum of THREE THOUSAND EIGHT HUNDRED 1~lENTY FIVE --------NO 1 Lu~,
together with intercst thcreon fran date at the rate ot ten percent, per annuv~ untif maturity. both principal and interest beina
payable in lawful money of the United States at 2:44 Bixayne Blvd, Afiami, Ftorids, or at such other place as the holders hercof
may designate in writing. Principal and interrst payable in installments as fopows:
EIGHTY ($80.00) DOLLARS per month beginning on the 15th day of
~ July, 1978, and continuing on the lSth day of each and every
~ month thereafter until paid in full.
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This note may be prepaid in Nhde or ia part at aaY tiax upon paytnent ot ~ penally equal tu ei~t percent oi the prineipal wm prcpaid.
~ 4~ =i F-3'~'-"! r"!~ !!''~'t.~ tr.t on the interat dua and d~e mnainde~ on prineipal; and intecrat ~Aal1 thereupan caie upon
the priritipal so e~edited.
~ The make~s and eadon~n o( this note [u~ther a~ree to waive deanaad, notiee oi non-ps)roent and proteat~ and in the errnt wit shall be bcou~f
for thc ediertioo hereot. a~ the wae has to be cdleeted upon demand ot sn aitorner, eo ~r rc„w~~~,u«n~r'~ tees tor ma{cin~ sue6 cdiation.
. Deferrcd paysen4 hereunder ~haH bear interest at the ate ot ten percent per aanum Goa mat~uitY unW paid.
~ This note is ~etured bY a o~oti~a~e ot eren dale hetewith and is to be contrucd and en~orted actordin~ lo the Is~rs of Ihe Statt o[ Fiotida; upc~a
i J~fault in lhe pp~meat ut principal and/or intercat ~hen due, the wbde wm o[ ' ipal an te remaiaio~ unpaid all, at lhe optiu~ of the
~ hdders, be~awe ia~mcdiatdr due and psyable. ~
~ S ~ (SEAL)
` • S (SEAL)
, Prepared by Stanley H. Spiela, Attarney- 2240 ~acs~we Hlvd.. Niarni Florida
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snd sh~l perform, comply with and abide by each and every the stipulations, agreements, conditiuns and covenants of
said promissory note and of this deed, then this deed and the estate thereby created shall cease and be null and ~•oid.
1. The Mortgagor hereby covenants and agrees:
(a) T~~ pay all and singular thr principal anJ intrrrxt and othrr sumti uf munry pay:+blr hy virturr of s:+id prumi~wrt nutr anJ this drrd,
or either, prumptly~ on the da> s resptctivrl~ thr wmr ~rcerally hecomrt Jur.
(h) To pnrmit, commit or sutftr rN~ ~+astr and to maintain the improvemrnts at all times in a statr of guuJ rrpair and condition, anJ to do
or permit to be done to said prrmiscs nothing that will alter ur change thr use and character of said propert~ nr in any w~ay impair or
wrakrn the se.urity of this murlgage. And in casr of the retuvl, nrglect or inabilit~~ uf thr \fortgagor to rtpair and maintain said property,
the ~tortg:~gee may. at his option, makr such repairs ur cause the same to be made. and ad~ancr mone>s in that behalf_
(c) !o pay all and singulrr thr taxes, assrssments, ir~•ies, iia~ilities, anu oi.iigatiou, oi c.cry ~~aC,:e ;a;~' dr;;:i~ze! r;~gr;!; °s=h
rvrry whrn due and payable according w ia~~, brfore they berorne drliyurnt, and tu deliver to the Mortgagee un or hefore ?~larch 15th of
rarh }rar'ta• rectipts rvidcncing the pa~~ment of aIl lawfully im{x~srd taxrs for thr prr.rJing crlendar ytar,tu indrmnify the \lortgagee
upun his demand for aU taces, assrssments and .harges that may hr accessrJ upon this mortgage on the indrbtc~ineu saeured hereby, and
paid by the mortgagre. Nithout regard to any law heretofure enactrd or herrafter to be enacted imposing pa~~ment of the whole or any
part thercof upun thr \torlgagre. ~
(d) Tu pay all and zingular Ihr cuth. charges and rxprnses, includin~t law•yrrc' frr~ and ah~har[ custa rrasonahh in:urrcd or paiJ at any
timr by thr \1:x~gagre Arrausr of thr friture on thr p:~rt of thr ~tur[g~gor tu prrf~~rm, c~~tttply ~cith and ahidr b} each and esrry the
stipulations, agrrrmrnts, cunditions and co~~rnants uf said promiswry no[e :~nd thic drrJ, or rithrr, anJ rven such pa}mrnt shall brar
interest frum datr at the ratr of trp (10".~) prr crntum per annum.
(r) !t is furthrr cumrnantavi anJ agrred by sa~d partirs that in the r~tnt uf ~ suit hring institutrJ tu fiircc(ose this murtgage, the Mort-
gager shall br entitlyd tu app(y at any time prnJiog such forecluwre cuit tu thr cuurt hatiing juris~fictio~ thereof fot the appointment of
a rrcei~rr nf all and singular the murlgagrJ property, and of al! rcnts, incomrt, prufitc, iisues anJ re~~enurc thereof, from whatsoever
u~urcr derivrd: and thercupon it is herrb~ exptessly ~-~~nvrnantrd and agrrrd that Ihr Court shall fortM~~ith appoint such recrirer with thr
usual p~wrrs anJ dutirs of receiverc in likr rasrs; anJ eanl appuintmrnt sh•rll br made hr the court as a matter of strict right to thr Mort-
gagee, and withuut rrferrncr to the adrquacy ur inaJryuacy of thr valur ~if thr prupert~~ hrrcby mortgagrJ. or to the sulvency or insol-
rrnc~~ of the blortgagon ~rr any uthrr party defendant tu such suit_ Thr ~longagor hrrcb~ specifically wai~~es the right to ~bject to thr
app~nmmeN of a rrcrivrr as afi~rrs:~id anJ hrreby rxprr++ly conarnts that such app.~in~mrnt sbal! hr madr as nn admitted eyuit~ and as a
mattrr o( absulutr right tn the \tongrgre and that the samr m:~~ be d~inr ~~rthuut nuti.e tu thr ~fur[ga~tor.
If) If f~~retlusure procerdings shuuld hr instiwtrd against the pruprrt~ co~rrrd hy thic mortgage upnn any other lien ur claim whether
allagrd to br supnriur or junior to thr lirn of thrs mortgagr, the blortgagrr ma~ at h~~ uption immr~i~atel~ upun institu[i~~n of wch suit or
Juring the prndency thrroof dedarc this murtgage aod thr inJebtrdnri~ srcweJ hrrrh~ ilur and pa~ablr f~~rtbwilh and ma} at its uption
prncerd to f~~rr.bse this murtgage.
(g1 That the ~1oKgagor w•ill kerp all rtal and pcrv~nrl pmperty m~w ~~r hrrrefter encumbrrrd h~ thr licn uf this murtgagz insured as may
be rryuireJ from timr tn timr h} thr \lortgagrr aguinst incs uf f~rc. ~.~nSti~~rrm anJ irther ha~ards, casualtirc and cuntingencies for such
perN~ds and for not teu th~n wch amounts as may hr rryuired by thr ltortgagrr and to ~+a~~ pr~mptly x~hrn Jue all pr~miums fot such
insurance. Thr amounts of inw~ance reyuirrJ the \turtgagee shall hr the minimum amounts tur which said insurance shall he wtiUen
and it shall Ae incumbent upun Ihe ltortgagur t~r maintain wch adJitiunal in>ur~ncr ac may hr nrirc~ary tu meet and comply~ futly with alt
co ~murance requirements mnta~neJ in saiJ pulities t~~ the end Ihat thr said 1lortgagor is not a rn-insumr thereunder. Insunnce shall be
Nnttrn by a cumprn~ ur tt~mpamrs 3ppruvrd ur designatrd h~~ tAr ~lurtgagre and all pulicirs and rrnr~crl+ Ihereot shall be hNd hy the
~tortgagr~. All drta~lad dr~ignalions by thr tturtg~gur ~~hich arr a..rpt~d by the ~turtgagrr and ~11 agrermrn~s between htortgagor and
~1urtg~grr relatiog t~~ insurrncr, rr~.w rt~steng nr herrafter medr, chall hr ~n ~criting anJ shalt he a part uf this murtgage agreement as fully
as thuugh srt fotth vrrhal~m hrrcin .~n4 shall gu~ern M~th parur~ hrrctu and thrir wcirtiwrs and a~.~gnti. ~Io lien upin any of sa~d pulicies
of inwrancr ur up~n an~ refund ~~r rrturn prcm~um Nhich mry be payahlr un thr cancrllatinn or te~min~tion thrreof, shafl be giren to
nthrr than thr ~I~rl~ta~eer. rxcrp! hy prupe~ rndor.rmrnt afti»1 to such pulicy anJ appru~~tif by \lurtgager. Each Exrlic~• of insuranet
chali ha~e aff~yrJ thrrrtn a titrndarJ tiew }',~rk ~t~~rlgagre Ctausr ~sithuw ('nntrihulw~n. making all Nrs~ or k~sscs under such policy
. pay~blr t~~ thr ~t~~rtg~gre ac it~ lnterr.t may apprar_ In ~hr evrnt an> .um or cumc nf muneq brcumr payahle Ihereundrr the titortgagee
+hatl ha.r the ~~p[iun In rrcrrvr rnd rppl~ thr samr un accuuni nf ~hr mdehtrdnese hrreby srcured, nr tu permit the Mortgagor to te-
cri~'c anJ ucr it, ur anq prr[ thcrrnf. Hilhnut thrrrhy ~na~~mg nr imp~irin~ an~~ cyuity, hrn, or right undrr and h}~ ~irtue of this rriort-
(tagr. In ~~rm ~~t In.~ ur ph~vcat ~IJllld~'t tn thr mnri~aged pruprrt~ Ihe Sinr~gag~~r .halt g~.r ~mmrJiatr n~~tice thrrro/ by mait to tht
~turtgagrr and ~hr ~l~~rlgagrr me> m:~kr pru~d :~f I~~~s ~f Ihe ~~mr i~ nul madr prumptl~ hy thr blortgrgor. In event uf foreck~sure of
~ ~ ~ ~~~R~ ~6S FA~ 843 f