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rROViDED. ALWAYS. tlut it t6e Mortp~or dWl pq? w~to tbe Mo~t~ye~ the iode?tedneM wldtoced b~? ~ oatai~
proe~eq roN o! whid~ t6e toqowia~ in wad~ and ii~ura M a true copy to-wit: ~
~Ila~~~a8e ~/{~o~e . .
53,150.00 Fort Pierce F~,~;d, September 22, 19 78
.
' FOR YALUE RECEIVED WE, jnintlv and severally promise to pay
to the order of BETTY LAZAR
the principal sum of THREE THOllSAND ONE Hi1NDRFD FIF'TY ---------------NO/100 pp~~,p~,
together w~ith interest thereon fwm d~te at ihc rate of ten percent, per annum until maturity. both principal and inierest being
pa~•able in lawful muney uf Ihr United State, ~1 2244 Iliscayne Bi~•d., Atiami, Florida, or at such other pla~x as the holders h~reo!
may dcsignate in w riting. Principal and inlen.t payable in inctallmcnts as follnwti:
SIXTY FIVE ($65.00) DOLLARS per month beginning on the
15th day of November, 1978, and continuing on the lSth
day of each and every month thereafter until paid in full.
;
71tis nutc ma~ be pnpsiJ in whul~ u~ in part al an~ time up~?n pa~ mrnl uf a prnal~~ ~yual to ei~t percenl oi lhe principal !wm prcpaid.
F~ch installmrnl paymrnl J~all 1~ crriilyd finl un Ih~ inl~rnl due, anJ Ih~ ronuinJer on principal; and interest aAall Ih~reup~x~ c~ase upW~
thr prineipal su ereditrd.
! I The.mal~en aaJ enJo?,rn oi Ud~ nu~o furUMr aKme~ lu wai~~ Jrma~~J, notic~ oi nun-p,a~ment and protat, and in the ereot suit ahall Le Mou~t
fur Ihe edlertion he~eoi. or Ihe .ame lus lu be cdlected upai dema~J o( an alturney. ~r rc=~,w~ ~na~er'~ [eea tur makin~ such edlection.
" Ikferted pa)tnrnls hereunJer .hall bear inleR.l al Ihr nlc ut Icn pe~ernl per annum irwn maluritY unti) paid.
This oote ic serund bY a mwt~a~e oi ~~rn datr hrr~.. ilh and ic lo Ix con~lru~d aod enfurced aecordin~ to lhe I~ws oi Ihe State of Florida; upw~
~ i Je(ault iu the m~nl u( nci al and/o? inkv~•.1 wl~ru Jur, Ih~ wb~~le wm of rinci I md iMeresl ~rnuini
W> P~ P P W in~ unpaid shall, a1 the optiun•ot Ihe
~ j hddcrs, betare iauned'utdY Jue and pa~abl~.
~ ? ~ _ ~ ~.M. aL _ , (SEAL)
~ . S s~ v ~??!x-~ ?c~.~- • fS`EAL)
i Prepnrd by Stanle~• 11. 5pieler. .~uurnr~-'2~' ~0 Ik.ca~n~ IN~J.. ~li:uni R~Kida
and shaiE. pedonn. comply with and abide by each and every the atipulstions, agean~ts, oonditions and rnveoants of ~
said prwnissory note and of this deed, then thit deed and the estate thereby created shall cease and bt nuU and void.
1. The Mortgagor hereby covenants and agrees:
'(a) To pay aU and singular the principal and inter~st and olher sums ot money pvyable by virture ot said ptomksoty note snd this deed,
or either, promptly on the d~ys respepively the ssme serenlly beoomes due.
(b) To permit, commit or wtfet oo vv~ste and to maintain the improvements at all times in a stste ot ~ood rspair ~nd condition, and to do
or permit to be d.~nc to said premisa nothins th~t wil! alta or chan`e tAe use and chuacter of said property or in aay vwr impair ot ~
, weaken the seturity ot tAis mort`a~e. And in case of the refusal, ne~lect or inability of the Mortpjor to repair snd maintain s~id property.
the Mortga~ee msy, at his option, make such rep~in or cause the same to be made, aad ~dv~rtce moners in that behtlf. _
' (c) To pay all sr.~1 sin`ular the taxes, ssxssmrnts, levies, IisDi6ties, snd obliptans ot evay nature on nid daaibed property etch aad
! every w~hen due and payable accordins to Isw~, before ~hey become deliquent, and to detirer to the Mort~ee on or before Much 1 Sth ot
€ each ye~r tax receipts evidencint the paymrnt ot all lawfully imposed Is:a for thc precedin~ ukndu yeu:to indemnify the Mortpjee
~ upon his demand tor aU tsxes, ssxssmmts and cAu~a that may be assessed upon thls aartp~e on the udebtsdnat secured hereby, ~nd
~ paid by the mortaa~ee, without reEard to any' law heretofore enacted or dereafter to be et?atted irapoti~ paymeM o( the whole or ~ny
part thereof upon the 1Nortgs`ee.
~ (d) To pay sU and sin`ular the costs, charses and expenses, iacludias Iswyen' fees and ~Dstract cosis rasonably incurred or pald at any
time by the Morte~~ee beaux of the (ailure on the part of the U/ortts~or to perform, oomplr with aad abWe br each tad every the
4 uipulations, a6reemrnts, conditions snd covenants of said promiasor~ note and this deed, or eithu, and everr such p~yment sMU bear
interest from date at the ratc of ten ( IO~b) pet ceetum per ~nnum_
(e) It is further rnnvenanted and a6ceed by said parties that in the event ot a wit bein~ instituted to [otedofe this enort~~e. the Mott-
i~tK be entitled to apply at any timc pendins wch forectosure wit to tde coutt hsvins jutlsdid'an theteot [or the ~ppointment of
s receirer of alt and si~ular the mort~ed property, and of all rents, iarnmes. ymfits. iuues aaA rerenues thereof, from wbatpever
source derired; and thereupon it is hereby expressly convenanted ~ad aased thst tAe Court shall fottAwith appofat wed receiver witA the
usuat powsrs and duties ot receiven in I~e csses; and said appoiniment shsll be rtude by the oouK as ~ matter ot striet ri~ht to tbe Mort-
~ p~ce, and wilhout rcference to the adequacy or insdeqwcy o( the ralus ot t6e property hetebr mort~qed. oc to tAe wlwncr or insoM
~ vency of the Mort`s~ors or any other puty defend~nt to such wit. The I~/ort~a~ot haebr specificallr w~ives the riiM to oDject to tbe
~ appoinlment of a reaiver as aforaaid snd hereby expre~sly consents that such appolntmeM shall be made as an admitted equity aad u a
mstter of absolute rqht to the Mortsa~ee and that the same msy be done without notice !o the Mort~a~or.
~ (n If foreclosure proceedinas should be instiluted agsinst the propcrty coveted by this mottq~e upon any other lien orclaim whelder
~ allc~ed to be superior or junior to the lien of this mon~s~e, the Mort~a~ee may at h~ optan immediuely upoa institution ot such suit or
durin~ the pendeocy thereof declue this mottes{e and the indebtedness xcured herebr due and p~yable forthwith ~nd m~y st its op~on
p~oceed to forecbse Iha mortgsga
~
~ That the Mort~a~or will kecp s0 red and per~onal property now or heresfter encumbered by the lien of this a?ort~e iasured as m~y
= be requaed trom time to time by the Mortp~ee apinst bu of fire, wi~dstorm and other harards, casualties and oontin~encies tot sueh
~ perads aad for not less than wch amoupts ss may be required by the Mortpsee and to psr promptly whm due W premiums for such
~ insuranca The amounts of insurance required by the Mort~ee shdl be the minimum amounts for wAieh ~aid insurasce ~Atll be written
~ snd h shall be incumbent upon the Mort~or to maintain such sdditiona! insnrsnce as msy be necasary to meet and complr fully with all
oo-insurance requirements oontained in said policies to the end thst the said Mort~or is not a oo-imuror thsr~under. lnsuance shall pt
' writtea br a company ot aompsoies sppro+red or desi~nsted br the Mortpsee aad aU poticles ~nd renaw~4 therwf sb~U be held br the
~ Mort~a`ce: All dehikd desisn~tiora by tAe Mortpior which are accepted br the Mort~a~ee ~ad aq ~reements b~tweea Mort~or and
~ Mort~a~ee relsti~g to insunnce. now e:istin~ or herafter msde, shall be in writin~ and a6a11 be s put ot thif mort~e ~~rameat as fully
. as thoujh set fotth vetbatim herein and shall aovern both puties haeto and their wocasors and ~sst~n~. No lien upon anr ot sdd poNties
~ of insunnce or upon any refund or return premiurh which may be paysbk on the eancetlation or tamiasHon thaeof, ~daY be ~iven to
~ otha than the Mortsa~ee, eacept by propet endonement affiaed to wch policy and sppmred by Mort~a~ee. E~th policy of insunnu
~ shaN have afti:ed therelo s Stsndard New York Mort~asee Clause without Contributbn, aukirK alt bss or b~es undsr wch poliey
~ payable to the Mortp~ee as its interest may appear. In the event any wm or sums ot money bcaome psrsble thaeunder the Mort~ee s
shaN hare the option to recewe snd spply the same on account o[ tbe indebtednw hasby tec~aed, or to permit the Mortp~or W te- ~
~ ceive and uu it, ot sny put thercof, without thaeby waivin~ ot impairin~ aay equity. litn, or ri~ht uada ~nd br drtw of t6b aart- ~
p~e. In event of bu or physic~l d~ma~e to the mort~s~ed pmpe?ty the Mon~a~or iha0 tiw immediate nottee thuwf by m~H to the ~
~ Mort~a~ee and the Mort~a~ee may make proof of loss if the ssme is not m~de pwmptlr br the Mort~or. In ereat of (orecb~ure ot
~ ~ r 5oox29 -
~ ~ pAGf 78z _
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