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Home My WebLink About0160 y ~ ~ . PROVlDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee ~he indebtedness evideece~f by a certiin promissory notc ~ of which the following in wo~ds and figures is a true copy to-wit: g r 1 . •«u 1 ~~a~~ • ~c ~i~ E~ S 6,075.00 Fort Pierce _F~,~~;~,, August 28! 1978 , ~ FOR VALUE RECEIVED WE~ ~nintl; and seve,~ally promise co pay j to the order of PAUL LOBL, TRUSTEE i . ; the principal sum ot SIX THOUSAND SEVENTY FIVE ----------------------NO/100ppLU~~ ~ i together w~ith interest thereon from date at the rate of ten {~crcrnt, prr annum until tnaturity, both principal and intemi being ~ payablc in lav?~iul money oC the lJnited States at 2?44 Biscayne BIF J., ~fi~mi, Florida, or at such other place as the holden htrcof i may desigi~ate i~ a~riting. Principal and inte~st payable in insta!lmenls as folluv?s: • ~ 4NE HUNDRED THIRTY $130.00 DOLLARS ~ ( ) per month beginning ; on the 15th day of November, 1978, and continuing on'the ~ lSth day of each and every month thereafter unCil paid in full. ; ~ Thu note ma~ be prcpaid in Nhule or in ~?art at any tin~e upou paymcnt of a pe~~alt~ rqual tu ~i~t percent ot the principal sum prepaid. ' ~ Facl~ instaUmmt Qayment ichall be creditnl firsl on the iulrrest du~, anJ th~ rruui:~Jrr.on p~ncipal; and intenut ~hsU tberenpnn te~x upa+ th~ prineipai so creditrd. 7?~e maken and endurseYS o( thu nute further a'n•r lo Maive dema~d, nuticr ut ~~w~ pa~rnrnt and prolext, and in t{~e e~rnt wil shall be hrvu~tl fur Ihe cdlectiun her~o(, ur Ihr >am~ ha. lu lK eullect~d upuo JrmanJ oi an atlurney. 1u pay n•a~uiuW~ ~thKnr~'a fees for mal.u~e auch eut?rcdw~. I1r(errtd ps)mMts hereu~~Jrr J~all bear iul~ r.•s! a1 th~ rate o( f~•n pcrc~nt ~x? ~~u:uut frun~ nulurity unti) p~id. This nute i~ se~cureJ b) ~ m~irlga~~ of r~rn dal~ herrwith and i~ IU I/P Nq~+lNr1I 7111I ~•ul'orced accurJinR to the IaMa of the ~lale oi FloriJa; upow driaull iu lhe pa~me~t of priucipal and,i~r intrr~:t Nhen Jue, Ihe Nhul~~ >um uf priucipal aud interr.l retuainu?~ unpaid shall, at 1he oQtioo of Ihe h~Aders. ben~me innmraiul~l~ dur aixl pa~ aWc. r~ J"L'C~'~ t'!r~-L1_ ~ (SEAL) . ~ C .i .f_L - ~f ~ Prepmd b~ ~tanl~~ fl. ~picler. .attrrnry-~~-10 Ki•ta)nr Itlcd.. \lianii kl~rida ~ +"'-a~ ~ ISEAL) ~ ~-.~c.:-~ ' SEA and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants of ! said promissory nute and of this deed. then this deed and the estate themby created shall cease and be null and void. ( , ~ 1. The ~4fortg,agot hereby covenants and agrees: la) To p~y ~II anJ singular tha principal an.1 inttrc~t rnd othrr cumi uf money papahle he virturr of s:+eJ promiswry iwte and Ihis deed, ~ u~ r~thrr, prumptly un thr days rrsprctivrl} thr s:,mr srvernlh- Decumrs due. i (~+i ia permit, commit or suffer rM. wasle anJ to mrintain thr improvements at atl timrs in a statr of gc~od repair and mndition, and to do ~ or prrmit to t+e dune to said premius nothing that Ni11 alter or change the use and character of said property ur in any way impair or ~+raken she aecutity ut this murtgage. And in case of the refusat, negtect or inabiiity ot tAe Afortgagor to rrpair and maintain said property. ` thr ~fortgagee may. a~ his option, make such rep-airs or cause thr same to be made, and advance monrys in that behalf. ~ (c) Tu pey' all and singular the taxes, asussmrnts, le~ies, liabilities. anJ obligations of every nature on said dexribed property each and ~ every whrn due and pa~able accurJing to law, beforr they become drliyucnt: anJ deliv~r to the ~lortgagee o~ or before March I Sth ot ~ rach yrar taz rrcripts rvidrncing the paymrnt of alI tawfully imposrd taxes far the preceding cafendar year;to indemnify the Afortgagee u~~n his demaed for all taxes. assrssments anJ chargrs that may be assessed upon this morigage on tde indebtctiiness secured hereby, and . paid by the mortgager, without trgarJ tu any law~ hrretotore enactrd or hereafter to be nnacted impusing paymeat of the whule ot any ~ part thereof up.~n thr ~lortgagee. E (d? To pay ail and ~ingular the rncts, char~es and riprnses, inciuding iaw•yers' tees and abstract costs reasonably incurrrd or paid at any ! ; timr by thr lfurtgager bec~use uf the failure on thr part uf the Mortgagor to perform, comply w~ith and abide hy each anJ ever~• the ~ stipulationc, agrrrments, cunditions anJ curenants uf sai~ promiswry note and this drrJ, or either, anJ rr•ery such payment shall bear ~ interest trom date at thr ratr of ten (10 r) per crntum per annum. I (e) It is furihrr comenantrd and agrerd by saiJ pattirs that in the e~-rnt of a suit being instituted to furedose this mottgage, the Mort- - ~ gagee shall he entitlesi to apply at any time penJing wch foredosure suit to the court having jurisdiction thereof for the appointment of S a receivet of all and singular the mortpaged pruperty, and of all rcnts, incomes, proC~ts, issues and revenues thereof, from whatsoever = wurcr drriveJ: and Ihereupon it is hrrrby expressly con~~rnant~d and agrreel that the Cou?t shal! fotthwith appoint such receirer with the g uwnl piNtts ~nd duties of rcceirrts in likr cases: rnd saKi appuintmrnt shall br made by the court as a matter ot strict right tn the Mort- s gagee, and without r~fertnce t~r the adeyuacy ur inaJeyuacy of the valur of the ptopetty heteby mortgagtJ, or to the wlvency o~ insoi- ~ ~rncy of the Nortgagors or anp oiher party defenJ~nt tu such suit. The Mortgagot herehy specifecally ~+aives the right to objtct to the ° ap~+~intment nf a recriver ac aforesaid rnd hrreb> rxprresly consents that such aptwintment shall be made as an aJmittrd eyuity~ and as a ~ mattet of abwlute righl tu ~hr lfortgagrr and that the same may br done µ~ithout notice to ihe ~tortgagor. E ! 1~l (f forrdosure pro.erJing+ shuuld he institutrd against the proptrty coverrd by this mortgage upon any othrr iien or claim whetAer allrgrd to br superior ur ~unior to the lirn n! this mortgagr, thr 11or~gagre may at his uption immediately upun inxtitution oC such suit or ! during the pirnirncy thrreof Jeclaro this mortgage_and the indabteJnrss srcurrd herehy due and payable forthv~ith and may at its option procerd to forecbse th~s m~~rtgaga. (g? That the 1?tortgagor will keep all rral and peru~nal propert>• now~ or hereattrr encumberad by the lirn of this mottgage insured as may be rryu~red frum time tu timr by the ~lortga~rr a~inst kr.s of firr. xinJstorm and qther hatards, rasualties and tt~ntingencies fot such prriuJs •rnd for not less than such am:~unts as may be rtyuirrd by the \tortgagee and to pay prompdy when Jur all premiums for such ' insurance. The amounts of insurance reyuired 6y~ the Mortgagee shall be the minimum amounts for which said insurance shall be written an6 il ihalt Ar incumAent upon the ,lfortg:+gor tu maintain such aJditN~nal insurence as may be neceuary to meet and comply fully with all co-insurance requiremeots mn[ained. in s:+id policies to the eod that the said ~tortgagor is not a cc~•insuror thereunder. Insurance shall be w-riqan hy a rumpan} ur cumpanirs approvrd ur Jesignatrd by the Mortgager and aU policies and renewals therenf shafl be held by ihe \tortgaRee. All detailed dreignations hy the \1urt~tagnr which are accrplrJ by the Mortgagae rnd all agreements between Mortgagor and \turtgagre rrlat~ng imurance. nuw rcist~ng ~~r herraftrr maJe. sh311 he in wrihng and shall be a part of this mortgage agreement as fully a~ thuugh set forth cerhahm hrrein -rnJ ~hell gu~ern M~th pattiri hrretu anJ thei~ succrssors and assigns. No tien upon any of said policies of insurancr nr up~~n any rrfund ur tetarn prrmium which may he payahlr on the cancrllation ur termination thereof, ~hall be gi~en to uthrr than thr ~lortgager. rccrpt hp pruper rndursemrnt affixtd to such pulicy and approveJ by Murtgagee. Each policy of insutance shall have affitrd thcretn a Siandard `ew Ynrk \t~~rtgagee ('lause without CuntributK~n, making aN bss or losses under such policy payahtr tu the ~t~~rtgagrr a~ m intrrcst ma}~ apprar. In the evrnt any sum or sums uf money hrcome payahle thereunder the Mottgaaee shall firve the npnon tu rr.r~vr and epply the ~ame un ucnunt of thr indebtrdness hrreby xcured, or to permit the Mortgagor to re• cenr and uu it, ur rny part Ihrrrof. `thuut thtrchy Haiving ~~r impairing an~• eyuity, lirn, or right unJet and by virtue of this mort- gagr. tn r~rnt of l..sa ur ph)secal Ja n~„r t~~ thr murtgagrd pruprrt~~ the ~turtgrgur .hail give immediate noticr thetrof by mail to the ~turtg~gee and ~hr ~fur~g~~crr mr> makr pnd~~f nf In~s if thr c.imr is nu~ made promptly hy the Mortgagor. In event of forecbsure of . ~ R 294 ~ . , vacE ~60~ - - - - - - - - - ~ ~ w~ ~ ~ ~ = ~ ~ - y ' z : _ . ~ ~ _ _ _ ~ `Y ~ F S -