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Home My WebLink About0577 ' r~ ~ + L~~~ ~ ~ t _ ` PROVIDED, ALWAYS, that if the Morig,a~or ahall pay unto the Mortga~ee ihe indebte8iiess evidenct~y a~certain promissory note of which the fotlowip~ ia wo~ aad.figurea is s true copy tawlt: r...~... ~ ~ 4. 225.00 Fort Pierce F~a;,,~,,, May 5, 19 78 ~ FOR vALUE RECEIVED - WE, jointly and severally promise to pay i~~~ +~K ~x~k~ ot HILLARD TRAVERS AND GERALDINE C. TRA~IERS , his wife. } ~ ti~r p~incew) wm u! Tt]OUSAND 1~10 HUNDRED TWENTY FIVE ----NO 100bp~URS, ; tus,Kthcr with intercst thereun frun~ date at !he rste ui ten percent, per annum until maturity, both principat and interest beiqa able in lavvful muney o[ the United States at 2244 Biscayue Bivd. Miami, Florida, or at such other pisce as the hdden hereof ~ ma}• designate in writin~. Priacipal snd interest payabk in instaltments ss fotiuws: ~ ~ ONE HUNDRED ($100.00) DOLLARS~per month beginning on ~ the 15th day of July, 1978, and continuing on the 15th ~ , day of eacti and every month thereafter until paid in full. ~ ~ ~ 'llhis aule ~saY be prepaid iw whuk or ia put at saY ti~+e upon paYacwt ot ~ penaltY equai to ei~t ~e~rent o[ We'ri~eipal was picpaid. ~ch iwtallmewt pa7aoewt shall be cndi~ed fint oa lhe ialKat due. awd ~he remaioder ow triwe~P+~: awd iaterat iull ti~eupa~ eeau ~pa I ! the principa) soc?ediled. . ; ~ Th! IRiI~tK iA1I lddO~fl~6 OE fl1~t 110It furt6er spec to waire deiw~wd. ~otiee of noa-paY~weat awd ~rotat. ~nd iw the e~ewt wil ~hall be 6ro~t ior 1he cuilc+etiaw hereof. or the same hn to be ed{ectcd ypo~ demawd ot aw atloraey~ to p~r rcawaabk attorwe~'a ices (or malin~ srcM edleetion. i Ue[erced p~Yaa~4 heseuadK ~haM bwr intuest at the rate ot tea perca~t ~ anauia iraa matrtity ~otil pid. ~ ~ 'IUis nute i~ aecured b~ s mixt~a~e of ere~ dste I~e?tNith and ie lo re cortrued aad enforced seeurdin~ to tht la~rs oi the Statc of Elarida; ~oa ~ ~~ria~dt in the Pa7~ent of principal andlor inlcre>~ wiw~n due. 16e wh~,le ru~w of princiQal aad iateral rernaiwiw~ uepaid sha11. a1 the optiou o( 1~ f hddetis. bH+ane ixAmediald~• dae aad paY~ble. J ( NA , -sf ..i , . . -11,='~:~ sE l.) ~ G ' ; , ! (SEAZ) - ~ Pre}arei St~nle~- H. ~ler, AltorneY- ~2~t0 Bisesyne Bh~J., ~ti~mi Flarida and ~hall perform~ comply with and abide by esch and every the stiputations, ag~reements. oonditions and covenants of said promissory note and of this deed, then this deed and the estate thereby creatad shall cease and be null and void. 1. The Mortgagor htreby covenants and agrees: ~ ~ (a) To pay a0 and singular tl~e princi?at and interest and other sums of muney payable by virture uf said promissory note and this deed, - - or either, promptly on the days respectively the samr severally becomes dua (b) To petmit, eommit or sufter ra waste and to mait?tain the improvements al all times in a state of good repair and rnndition, and to do or permit to be done to said premises nothin6 that will aita or chanse the use ar?d chuacter of saed property or in any way impair or wtaken the securitr of this mortaaae. And in cax of the refusal, nealect or insbility ot the Mortgagor to repair and maiptain said property, ~ Ihe Mortga6ee may, at his option, make such repain or cause the ume to be msde, and advance moneys in that beha{f. (t) To pay atl and singular the ta:es, assessmrnts, leries, liabilities, and obligations of every mture on said described property each and every when due and psyabk accordin6 to law, btfore they brcome deliqaent, and to dcliver io the Mottgagee on ar before March 15th ot each year tsx receipts evidencina tht payment of all law[ully impused taxa for the prtceding calendu year;to indemnify the Mott6~6K upon his demand for all ta:es, assessments and charsa that may be assessed upon this mortgaEe on the indebtedness secured hertby, and ~ paid by t he mortgaaee, without resard ta auy law hereto[ore ertacted. or 6ereaftet to be enadtd imposir~ payment of the whole or any part thereof upon the Mortgagee. (d) To pay atl and singular the rnsts, char6es and expenses, including lawyers' fees and sbstract costs reuonaEly incutted or paid at any time bq the Morl`a6ee berause of the failute oo the part of the Mortgagor to perform, mmply with and abide by each and every the stipulationt, aEreements, rnnditions and corenants of said pramissory onse and this deed, or eith~r, and every such paymmt shall beu interest from date at the rate of tep (IO~ib) per centum per annum_ - (e) It is further rnnvenanted and agre~by said parties that in the event of a wit being instituted to foreclose this moRga6e, the Mort- pgee shsll be enlitled to apply at any time pending such torecbsure wit to the court haring jutisdidion thereof for the appointmsnt of a receiver of all and si~ular the martgaged-property, artd of all renis, inooms, profits, issues and rerenues thereof, from whatsoever source derived; and thereupon it a hereby e:pressly mnvenanted and asreed that the Court shatl forthwith appoint such receiver with the usual povicers and duties ot rereirers in like cases; and ssid appointment shalt be made by the court u a rtuttet of slrict risht to the Mort- aa6ce, and without reference to the adeqwcy or inadeqwcy of the value ot the property hereby mortgaged, ot to the solvency or insol- rency of the Monsasors or any othet party defindant to such sui!_ The MoAaagot Aereby specifically wsives tht rig6t to object to the appointmeot of a ~eceirer u afo~esaid and hereby ezpressly consents that such appointment shatl be made as an admitted equity and ss a matter of absolute ri6ht to the Mortgaate and that the same may be dorie without notice to fhe Mortgagor. (n If foreclosure proceedings should be instiluted aaainst the property coveted by this mortgage upon any other lien or claim whether allesed to be superior or junar to the lien ot this mortgage, the Mongagee may at his option immediately upoo institution of such suit or durin6 the pendency thereof declue this r~ottgage and the indebtedness secured 6creby due and paYable forthwith and msy at its option ptoceed to forecbse this mortgage. (6) That the Mort6a6or wi11 ketp all real and perx~nal property now or hereafter encumbered by the lien of this mortgs6e insured as may be tequired from time to time by the !?tortgagce against bss o( Cre, windstorm and other hazards, casualtics and rnniingencits for such periods antf fot rat Icss than wch amounts as may.be requirrd by the Mortpgee and to pay promptty when due all premiums tor such insurance. TAe aaaunts of insur:ace required by the Mortgsgee sbatl be the minimum amounts for which said insurance shall be written and it shall be incumbent upon the ~tortpgor to maintain such additional insunnce u msy be neceuary to meet and comply fully with all rn-insurance requutments mntained in said policies to the end that the said Mon6agor is not a co-insuror thereunder. Inwrance shall be written by a cumpany or mmponies approved or design~ted by the Mortgagee snd ~II policies and renewals thereof shall be heW by the Mort6asee. All detailyd desisnations by the Mortgasor which are accepted by 1he Mortga6ee and all aareements between Mortsagor and Mortga6ee relating to iinuronce, now exatinE or hereaRet made, shall be in writing and shall be a part of this mort6age asreement ss fully u IAough ut forth vrrbatim berein snd shsA govern both parties hereto and their successurs aad assisns. No lien upon any ot said policia of insurance or upan any refund or return premium which-may be payabk on the cancellatan or terminstion tneteof, shsll be siven to other than the Mort`asee, except Ay proper endorsemenl affixed to wch policy and approved by Motigaget. Each policy of insurance shall have afTxed lAsteto a S~and~rd IVew York Mortgaaee Clause without Contribution,.makinE all bu ot k+sses under such policy payable to the Mort6a6ce as ils interest may appeu. !n the event any sum ot sums of mot~gy (~e~ciqfi qyable theteu~er the Mortp6ee . shall hare the option to receive and app(y the same on account of the indebteJnessJ~ertb!'ectired, or to petmit the Mottaaaor to re- ceive and use it, or any part theteot, without thereby waiving or +mpaitin` any equity, lien, or tiaht undtr and by virtue ot this mort- 6aEe. In trent of bu or physical damage to the mott6a6ed propeny the Mortga6or shall Eive immediate ratice thereof by mail to the Mort6agee and the Murt6s6ee may maRe proof of loss if the same is not made promptly by the Mortgagor. (e erent of forecbxure of 8Q~287 ~P~~E ~ 57~ ~ ' ~3 ~ _ - _ s _ ~ ~ . ~-~x~~~~'-~~~~''~..~:~f•: _ ~