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HomeMy WebLinkAbout0890 . • • ~ ? i ~ PROVIDED, ALWAYS. that i! the MatpZo~ sbaU p~y unto the Mat=yee the indebtedneu evideAad by a artaia ~amlSSary note vI wlild~ tl~t fo!!c?wle= in words and figures is a true coQy to-wit: ~,~I ~'o~4l~a~s ~'o~e s S. 925 . OQ Fort Pierce Florida 1"IaY 2~ ~9 -Z$-- FOR ~ALUE RECEIVED P~~ ~O ~Y ~ co the ocder ot ROBERT BENTLEY AND ETNEL BEN'TLEY . H S 3 . ~ t~ ~j~j o~ FIVE THOUSAND NINE HUNDRED '1~TENTY FIVE --------NO/100 ap~~1~, + to~etha ~rith iatet~est thereon irom date at the nte ot ten percent, per annum until maturity, both priacipal and interest beia: ~ piy~bk in lawfd moaey o[ the United States at 2244 Bisceyne Blyd.. Mianu, Florida, or at wch other plaoc as tbehdders hereot ~ may d~signate ia writins. Principal and intercst psyable in in:bWnents ss follows: ; ~ ~ } ~ ONE HUNDRED TWENTY~FIVE ($125.00) DOLLARS per month beginning , ~ ~ on the lSth day of A«gust, 1978, and continuing on the lSth ; day of each and every month Chereafter until.paid in full. i ~ ~ 71~ aote w~r be prepaid iw whok or in put at aaT ~ ~P~ M7eewt ot ~ rnallr eqwl to ei~t ~eecMt ot Me Mieetpl w Me~ai~• ; Ead~ intaM~t ~apa~ewt ia~ be eredited tin[ oa fre infe~at dre. awi Il~e eewaiMler ow pri~cipl: d iwtae~l iaN Ibe~a~ a~~e ~ow . the p~isdpr w aei'itod. ' . . '~k wakKS +~i eadoners ot this aote funber apee to r+aire i~wa~~. ~ofioe ot wow-paY~ewt a~d ~ota~ aw~ M tM ~rewt wit iaU be ~1 [or ti~e eaMaR.Niow I~e~~eat. ot the wne Irs to be cdlected upow dusa~ ot aw Nlo~eY. b Wr reWOw~61e attawq i ta~ tor ~akiK suai colteetiaw. p~(«~ p~~~b hererwder ihar bei~ iataeat sl d~e nte o( tca prewt ~~(row nrl~itr ~NY p~il 71~ ~wM i~ Mcwed b7 a a~ortpie d evew dale herewith aad i ta k eowN~ued awd cetorcd ~oooriiw~ to tM law~ d d~e S1ats o~ FloeW: ~o~ ad,rn i~ d~t ~.Y.e.t ot p~iwe~pal ..a~or int«ese ~vhe. aYe, the Mraak .r. ut Mincipal aw~t iwbre.l ~...i.i.~ r.ptr ++Y, .t 1~e a~Ib. ut d~. hddas. be~ae i..edi.idr dre awd p.rable. ~ ~ . . -S ~ ~ (SEAL) ~ (S~AL) h+*n.i br s~nl.r H• SPiekr• IU~aneY- 2Y40 Bbcayne Blyd.. M;a.i Florii. and shall pedorm, comply with and abide by each and ev~ery the stipulatioas, agreements, oonditions and oovenauts o[ ~aid promi~ory note and of thit deed, then this deed and the estate thereby created shall ceaSe and be nutl and void. 1. The Mortg,sgor hercby covenants and agrees: - (a), To psy all and sinsWu the principii and interest and othet sums of money paysbie by virture of said promissory note a~ this.deed, or eilher, promptly on the days rapectively the same serera0y becomes dua (b) To permit, commit or suffer no waste and to maintain the improvements st atl timea in s state oi sood repau aad rnndition, and to do or permit to be done'to said ptemises nothi~g that will alta or chan`e ihe use snd eharacter ot said property or in.any way impair or . weaken the security of this mortsa6e. And in case of the retusal, ne`lect or inability of the Mortp`or.to repa'v and maintain said property, the Mort~asee may, at his optan, make such repain or cause the same to be made, and advance moners in that behalf. i (t) To psy all and singulu the ta:es, assessments, levies, Iiabilities, aod oblisations of every nature on xid described propeAy ach and E every wheo due and payable sccotdir~ to law, before tdey become deliqurnt, and to deGyer to the Mort~ee oa or beforc March 1 StA of ; each yar ta: receipts eridencing ihe paymrnt of all Iawfully imposed tazes for the precedia~ calendar year;to indemnity the Monaasee ~ upon his demand for aH taxes, ~sxssments and char`es thri may be assedsed upon this morl~a`e on the i~debtednps secured hereby, and Qaid by the mortp6ee..without re~ud to any law heretotorc ena:ted or herqtter to be enacted imposiiq paYment ot the wfiole or aay part thueot upon the Mort6s~ee. ~ (d) To pay atl and sinaular the costs, char`es and expenses, includinj lawyers' fet: and abstrict oosts reasonably incurred ur paid st any time by the Morlaasee because of the failure on the part ot the Mort6a~o~ to perform, oomply with u~d abide by eath ~nd every the stipulataro, s6reements, conditions and covenants ot said promissorr note and this deed, or either. and erery such payment sluU bear interest from date at [he nte of ten (10~,) pet centum per annum. (e) It is further comenanted and a~rced by said Qarties that in the event ot a wit bein~ institutcd to foredox this mortsa~e, thc Mort- ~asee shaU be entitled to apply at any time pendi~ wch toreclasute wit to the rnurt havint jurisdiMion theteof tot the sppointment of a receiver ot all and sin~ulu the mwt~ed pmperty, and of all rents, inmmes, protts, asues and rerenues thereof, fwm whstsoever source derived: and thereupoa it is haebr exprusly aonvenanted and sgreed thst the CQUrt shsll forihwith appoiat such receirer with the usual powers and duties ot receivers in like casa; snd uid sppointmeat shall be made br the aourt u s matter of strict ri`ht to the Morl- - sa6ee, and without rcference to the sdeyuacy or inadeqwcr of the rdue ot the property herebr mortp~ed, or to the sohencr or insol- rency of the Mort~a~on or any other party detendant to such wit. Tbe Mortgasor hueby specificaUy waires t6e ri~ht to object to the sppointment of a receiver as aforesaid and hereby expressly oonsents that wch appointment shsll be made as an sdmitted equity and as a matter ot absolute riaht to the Mortpgee and that the same may be done without notice to the Mort~s~or. (n If toreclosure proceedir~s should be instituted apinst the property mvered by this monpse upon a~y other lien or claim whetha allescd to be superior or junior to the lien ot ldis mortsa~e, the Mort~asee may at his optioe immediatety upon institutan of such suit or durin~ the pendeoey thereof declue thb mort6s`e snd the indebtednas secured hercby due and parable forthwith and may at ib option proceed to forecbse this mortpge. (t) That the Mort~a~or will keep sll rea! snd perronal property noa or haesher encumbered by the lien of thts mort6a~e inwred u may be tequired from time to time by the' Mortsssee aaainst bss of fire, windstorm and other hazuds, cuualtia and continaencia tot wch ~ periods and tor not leu than such amounts ss may be required by the Mortp~ee and to pay promptly when due all premiums for such 6'<, insuraoce. The smounts of inwnnce requited by the Mortp~ee shall be the minimum atnounts for vrhich said insurance s4a11 be written ~ and it shsll be incumbent upon the Mort~or to maintain such additanal insurance as m~y be necusary to mect and rnmply fully with all ~ oo-insunnce requuements oontained in said policia to the ead thst the said ?lortp~or is not a oo•imuror theteuader. Inwrance shall be ~ written br s company or companies approved or desi~nated by the Mortsa6ee snd all policies snd renewals thaeof shall be held br the ~ Mort6a6ee. AU detailed desi6nations by the Mortga~or which sre auepted by the Mortp~es and aU asreements between Mortpior and ~ Mortgasee relstin~ to insursnce, now e:istins or heraRer mde, shill bc in writir~ and shstl be s pan ot this mort6a{e ssreement u(ully u 1hou~h set foRh verbatim htrein and sha0 ~orern both paAies haeto and the'v successon and aui~ns. No tien upon any of said policies ~ of insunnce ot u p on any retund or returo p remium which may be payable on the csncellation a terminstion thaeof, shall be ~iveo to otha than the Mortgasee, eacept by proper endorsement affiaed to wch policy and spproved by Morl~a~ee. Each policy ot insutance sha9 hare affi:ed thereta a Sundard New York Mortp~ee Claux without Contribution, makin~ all bss or bsses under such policr payahle lo the MortEa`ce u its interest msy appeu. In the erent any sum or sums of money beoome payabk thereunder t6e Morip~es - shall hsre the option lo receive and spply the ssme on account of the indebtednas haeby secur~d, ot to permit the Irlort~or to. re- ~ ~ ceire snd use it, ur any put thereof, without thaeby waivin~ or uapairir~ s~y equity. Iien, or ri~ht undet ard by rinue of this mort• p`e In event ot bss ot physical dcma~e to the mortsaaed property the Mortsa~or shalt sive immediat~ notice thereof br mait to the Mort6a~ee and the Mortsa6ee may make p?oof ot loss if the ssme is not msde promptly br the Mort~w. ln erent of forstbsure of ~ ~~r~~ 2~8 P~~ 8~~ l ~ . - - _ ~ -r x~:~_.~~ .r~_~~ . ..z . _ _.~rh