HomeMy WebLinkAbout0153 PROViDED, ALWAYS, that if the Morigagor shall pay unto thc Mortgagee the indebtedne9s evidenced by a oM~in
promissory note ot which the following in wo?ds and figures is a true copy to-wit: ~
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..Il4~t~y«~~ ~ 1~~~~
c 1p.*675 Fort Pierce F~~,r;da ~.~,~x 19,.,_ 19
' FOR VALUE RECEIVEU I prumise tu pay
MII.DRFD F. POM~RANCI: AND J~SEP~i I3 . POTSFRANCE ~ M. Q., AS JOINT
~ t~~ ~I~e orckr of
~ ~rt:NANTS WITit RiGNTS OF SURViVORSHIP
s~ tl~r ~~rincipat sum ~~f TEIV THO[~SAND SIX HUNDRED SEVENTY FIVE -----------N0/100 DOLLARS,
t~:Krther with intemst U~}rrun from date at t6e rate ot ten {?ercent, prr aunum until maturity, both principal and interest being
r i pa~ ~hle in IaMrfu) moi~>• ~~f ~hr Unitcd Statrs at '2-I~i Ri~.•a~•ne 131+~d., Miami, florid:~, or a1 surh other place as thr huldcn hercoi
may de~ignate in v?riting. Principal :~nd intered pa~•able in instaAroents as folluv?~c:
TWO HUNDRED TWENTY FIVE ($225.00) DOLLARS per monCh beginning
#j on the 15th day of September, 1978, and continuing on the 15th
day of each and every month thereafter until paid in full.
; Ihu note ma7 be prrpaMl in ?.hulr or in part at at~Y tim~ up~w~ paymenl of a prnalty ryual lu ei~t perreot u( th~ principal sum prcpaid.
t~eh iwtatlmeal payment rhall be credited (ust on th~ ialerat due, and th~ remaindrr on prineipal: and intere~t ehall IAereupon teait upop
thr prineipal su ere'd'tled.
1~ Ilie maken ~nd rn~k~?.rrs of thu nut~ furthK a~rce to ..ai~e dawnd, nutice u( oon•pa~mcnt aed prot~l, and in the e~ent suit ahall be btou~t
~~~r ~h~ cdleelion hereo(, or the :ame han to ix cdlected upon demand ot an attorney, lo pa~ reawnaWe attwney's feea [or makinj wch edlettiua
4; 1leferred paytnents hr~~undn Jull brar interest at th~ nte ot ten perc~n! pK an~wm fr~Hn msturitr unlil paid.
"lius nutr i~ x~curr~! b~ a nuxl~ag~ o( nm date herewilh and 's lo be cu~trued and eufurceJ acnxJin~ to lhe laws o[ Ihe 51ite ot Elatida; upon
~ driault in lhe payment uf piin.-ipal and;or intere.l Nhcn due, the whale wm of pri ipal and interrst ~emainin( unpaid ~hall, al the option of the
h~~ldm. become immtalialcl~ du.• a~w1 pa)able. -
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~ t'rrparcd br Staaley N. Spirln. -~Il~xnr~ -'~7, t0 f1G.+ca~ nc Ithd., ~liami Flurida
and shall perform, comply w~ith and abide by each and erery the stipulations. agreements, oon~tioas snd corenants of
said pramigsory note and of ihis deed, then this deed and the estate thereby created shall ~,ease and be aull and void.
1. The Mortgagor hereby co~~enants and ag~ees:
(a? Tc~ pay aU rnd ~ingular tht prinripal ~nd intrrrct rnd uthrr sums uf monry payablr hy virturrof said promissor~• rwte and this deed,
or eithrr, prumptly un thr 3ays rcspecti~rly thr samr aerrralty becumes due.
jh? To prrmit, cummit ur wffnr ru~ w3ste -rnd to mainlain the improvements at all times in a state of grwd repair and condition, and to do
ur prrmit to br dunr to said prrmises nothing that wi11 alter or changr the use and chararter ot said property or in any way impair or
Neakrn the srcurity ot this mortgagt. And in .ase uf the tefusal, neglect or inability of the Mortgagor to repair and maintain said property,
i the S~ortgagee may, at his option, makr wch repain ur cause the samr to be madr, and advance moneys in lhat behalL
fi) To pay all anJ iingular'thr ta~rs, ascrssmrnts. Itvies, liabilities, anJ ~~ligations of every nature on said described property each and
r~rr~ ~?hen due and payable according tn 1~~~. brfore they become deliquent, and to deliver to 1he Murtgagee on or befort rlarch I Sth of
raeh yrar tar rrcripts r~idencing thr paymrnt of all lawfully impo~rd taxes for tha preceding calandar year,to indemnify the ~lortgagee
upon h~s demand for all taxrs, ascecsme~ts anQ charges that may be asses'sed upon this moriga6e on the iodabtedneu ucurad hereby, and
paid by the mortgasee. without regard to any IaN• hernloforr enacte~i or hrreafter to be enacted imposing payment of the whole or any
part therco( upun the ~lortgager.
(d) Tu pa~ al{ and singular 1hr cucts, .harge~ and raprnsrs. including lawyrrs' fees and a6stract rnsts reasonably incurred or paid at any
limr by the \tortgagrr becruir uf thr failurc un thn part uf thr Stortgagor to prrturm, compl}~ w~ith aod abiJe by rach anJ every the
siipulatiuns, agirtimrnls. c~mditiuns and covenrnts ot said promissory nutr anJ this Jerd, or rither, and evety such payment shal) bear
interest from detr at thr rate of trn (10^ ) prr crntum prr annum.
(e) It is further comrnantrd and agrred by saW partirs that in thr event of a suit being institutecf to for~close this mo~tgage, the Aiort-
~tager shalt he entitled tu apph~ at anq fime penJing such foredosure suit to the court having jutisdictieh thereof for the appoinimert of
a receivet of all and singular thr mungagrd pru~xrty. and of a0 rrnts, incomrs, proTits, iuues and rerenues thereof, from whatsoever
v~urcr derived: and Ihrreupon it is herrb~~ exprrssly a~nvenanted and agrrrd that the Court shall forthwith appoint such receirer with the
ucual puw•rrs •rnJ dutirs of rrceivrrs in likr rases; anJ said aQpuintment shall be made by the murt as a mattet of strict tight to the Mort-
gagrr. and wilhout ceferrnce to the adeyuacy nr inrdrquacy of thr valur ot Ihr proparty herebp mortgaged, or to the solvenc~• or inwl-
, ~rn.y uf the Mortgagors or an~ other putq defrndant to such suit. Thr ~lurtgagor hereby specificaUy waives the right to object to [he
appnmtmrnt of a rncrivrr as a(orcsa~d and hrreby eaprrssly cunsents that such app~intmrnt shall be made as an admitteJ eyuity and as a
mattrr of abwlutr nght to thr ~tort~tager and that the same may br dune without noticr to the \lortgagor.
(f? If (orrclosurr prncrrdingc shuuld hr instituted against the ptoperty cocerrd by this mortgage upon any othet lirn ot claim whether
allrgrd to he superN~r or junior to the lien uf this mortgage, the :Nottgager may at his option immediately upon institution of such suit or
during thr prnJency thrreut declarr th~s murtgagr and thr inilebtednrss securrd hrrrby due and payable forthwith and may at its option.
prucerd t~~ fucecbse this mortgagr. '
{g) That the \tottgag~~! will keep all rcal and prrurnal pmperty now ~~r hereaftrr rn~umbered h~• the lien of this murtgage insured as may
be rryuirrJ Rom timr ~n time h~ thr ~tortgsgee against k~se u( firr, wind~torm znJ uther hazarJs, casualties anJ contingeocies for such
~+rrKrds and for not less than ~uch amuunt~ {s may br reyuirrJ by the 1lurtgagre and ro pay prumptly when due all premiums fot such
insurance. The amounts ~if insurance reyuirrd hy the Muttgagee shall hr the minimum amounts fut ~+~hich said insurance shall be written
and it shall be ~ncumtxnt upon thr ~lortgagur tu maintain such additN~nal insurance as may be necessary to meet and comply fally wi[h all
co-insurance requirements a~ntained in sxid policees to the end that the said l~tongagor is not a co-inwror tAereunder. Insursnee shall be
vcritten by a cumpany ur cumEu~~ts apptuvrd ur dreignatrd by the ~tortgagee and aU p~licie~ and renewals therrof shall be held by the
Nortgager. All drta~lyd dr+~gnatiuns b~ thr \lurlgagor which arc accrpteJ by the Flortgagee and all agreemen[s between Mortgagor and
ttu?tgagre rclating to inwrrncr, now rxisting ur hrtrrftcr naJr, shall be in w'riting anJ shall be a part of this mortgage agreement as fully
as Ih+~ugh srt tortb ~rrbat~m hrrein anJ ~hall guvrrn tN~th partirs hereto and their successots anJ assigns. No lien upon any of said policies
of imurancr ur upun any rcfunJ nr rrturn prrmium which may he payahle on t6e cancrllatiun or terminatiun thereof, shal) begiven to
uthrr than thr ~lortgagrr. racrpt b~• pruprr rndursemrnt affixrd to such polscp and apprured by Mortgagee. Each polic~• of insurance
shall have a(fitrd thrrr~o ~ StanJ~rJ Nrw Yurk ~tnrti agee ('laux withuut Contributiun, making all bss or losses under such policy
pay able to the ~I~~rtgagre a~ i~. intr~r.t may apprrr. In Ihr e~~rnt any ~um or sums uf monry become payable thereunder the Mortga6ee
shall h~tir thr optiun tu recriy~e and apply thr same un account of thr indebtedness hereby xcurrd, or to permit the Morl6agor to re-
ceivr and usr it. ur rny prrt thrrcot, N~th~~ut thcrrby' waivmg or impairing any ryuity, lirn, or right unJer and by virtue of this moK-
gagr. In rvrnt ut I~~ct or physical Jam:qer to thr mortgagrJ pruprrty~ Ihe :lturtgagor shalt gi~e immrdiate ru~tice thereo! by mail to the
titortg•rger ~nd thr :~1ur/Krgrr mei mekr pruuf uf lu~s if thr aamr is nut maJr prumplly by lhe Murtgagor. In event of forccbsute of ~
• • G ~ 29z rac~ ~ 53
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