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Home My WebLink About1721 ....fit 1 ~ ' T .1~t.! t PROVtOED, ALWAYS, that it the Mortjjtljor ghall py unto t~e Mortsayee the itdebtedaeaa erldgroad y a taagtain pro~aigaoey note ._,.--ot which the totlowiuS in wofdt and ti~nra It a flue copy to-wit: ~ r,~5 _ nn Fort Pierce Florida January 5 s` 19_Z.Q_ FOR VALUE RECEIVED WE iointlY and severally promise to pay to the order of I`WX GI~AR_K -the princjpal sum otT~USAND SIX HUNDRED SEVENTY_~IVE -------NO/1U0-- DOLLARS, argethrr with interest thereon from date at the rate at ten percent, per annum until maturity. both principal end iaterat. bents payable in lav?ful muttey of the United State. at _"_44 Hiccayne Blvd., Miami, Florida, or at such other place as the hdden hereof may dc.ignate in v?'riting. Principal and inlen.t payable in installments as iullov?s: ONE HUNDRED FIFTY FIVE ($155.00) DOLLARS per month beginning on the 15th day of March, 1979, and continuing on the 15th day of each and every month thereafter until paid in full. Ihi• n,rte may Ire prepaid in whulr ur in part a1 an) time upon payment of a pmshy equal to eight percent o[ the priwcipal sum prepaid. F~rh intallmrnl paymrnt shall Irv ererliterl fiat utr the interest due, and the remainder on principal; sad interest sbaN thereupow rase upon . thr principal au credited. - 1 71re makers and rndurarrs of this note further agar to waive demand, notice of nun-payment acrd protal, and in the erptt suit shall be bratghl ~ t„r the ro11rr1iorfi hemrf, or the.ame ha• Irv ere edh•cted upon drmand of an attorney, Hr pay reawnaMe attorney's [ea for making such Cdleetiaa ~ IMlerred pa)mcnt. hcnvrnder JraU hear uNrYr•1 al the tall- of Irn percent per annum from maturity until paid. c 7hi• note r serurrd h) a mortRate of tern dale hrYrwith and n to be construed and en(atced according to the tarts of the State of Florida; trpoa = ~ . driault in the pa}come of principal arut/or intere•I wtwm due, the while wm of principal and interal remaining unpaid shall. at the option of the balder., l,rconte immedutel) due and payaWc. _ w ~ iJ [J, (SEAL) i _ ;SEAL) . t Prrpxrd4) ~taplr) 11. spieler, Alhrrnry-'_3t0 1G.ca)ne Ithd., Miami fl.rida and ghat! perform, comply with and abide by each and every the stipulations, agreements, conditions and cotenants of said promitaory note and of this dced, then this deed and the estate thereby created shall cease and be mill and void. ~ a The Mortgagor hereby covenants and agrees: (a) To pay all and singular the principal and interest and othrr sums of money payable by virture of said promissory note and this deed, or either, promptly on the days respectively the same severally becomes due. (b) To permit, commfit or suffer rro waste and w maintain the improvements at all times in a slate of good repair and condition, amt to do or permit to be d~>ne to said premises nothing that will alter o[ change the use and character of said property or in any way impau or weaken the security of this mortgage. And in case of the refusal, neglect or inability of the Mortgagor to repair and maintain said property. the Mortgagee may, at hie option, make such rs~rairs or cause the same to. be made, and advance moneys in that behalf. (c) To pay all arrd singular the fazes, assessments, levies, liabilities, and obligations of every notate on said described propMy each and every when due and payabk according to law, before they become deliyuent, and to deliver to the Mortgagee on or before March ! Sth of j each year tax receipts evidencing the payment of all lawfully imposed taxes for the preceding cskndu year:ta indemnify the Mortgagee upon his demand for all razes, assessments and charges that may be assessed upon this mortgage on the indebtedness secured hereby, and paid by the mortgagee. without regard to any taw heretofore enacted or herattw to be ewcted imposing payment of the whole of any j part thereof upon the Mortgagee. - ' (d) To pay all and singular the costs, charges and expenses, including lawyer' fees and abstract costs reasonably incurred or paid at any ~ time by the Mortgagee because of the failure on the part of the Mortgagor to perform, comply with and sbfide by ach and every the stipulations, agreements, conditbns and covenants of said promissory note and thu deed, or either, and every such payment shall bear • interest from date at the rate of ten (10`X,) per centum per annum. (e) It is further convenanted and agreed by said parties that in.the event o[ a suit being instituted to foreclose this mortgage, the Mort- gagee shall be entitled to apply at any time pending such foreclosure wit to the mutt having jurisdiction thereof for the appointment of r, a receiver of all and singular the mortgaged property, and of all rents, incomes, profits, issues and revenues thereof, from whatsoever source derived: and thereupon it is hereby expressly convenanted and agreed that the Court shell forthwith appoint such receiver with the usual powers and duties of receivers in like cases: and said appointment shall be made by the mart as a matter of strict right to the Mort- gagee, and without reference to the adequacy or inadequacy of the value of the propstty hereby mortgaged, of to the sotreaey or fiasol- rency of the Mortgagor or any other party defendant to such wit. The Mortgapr hereby specifically waives the right to object to the appointment of a receiver ss aforesaid and hereby expressly consents that wch appointtneM shall be made as an admitted equity and u a matter of absolute tight to the Mortgagee and that the same may be done without notice to the Mortgagor. ' E (t) If foreclosure proceedings should be instituted spinet the property covered by this mortpge upon any otherlfiea or claim whether alleged to be wperfior or junior to the lien of this mortgage, the Mortgagee may at his option immediately upon institution of such suit or during the pendency thereof dcclue this mortgage and the indebtedness secured hereby due and payable forthwith and may st its optbn ~ proceed to forecbse this mortgage. (g) That the Mortgagor will keep all real and personal property now or htreafter encumbered by the lien of this mortgage inwred es may be required from time to~ time by the Mortgagee spinal bas of fire, windstorm and other harstds, casualties and contingencies for such periods and for not less than wch amounts as may be required by the Mortpgee and to pay promptly whrn due all premiums for such .insurance. The amounts of insurance required by the Mortgagee shall be the .minimum amounts for which said insuratree shall be written ~ and it shall be incumbent upon the Morlpgor to maintain such additional imunnce as may be necessary to meet and comply fully with all co-insurance requirements contained in said policies to the end that the said Mortgagor if rat a co-ietwror ihersunder. Inswaace shall be written by a company or companies approved or designated by the Mortgagee and all policies sad renewals thereof shall be held by the Mortgagee. All detailed desfifnations 6y the Mortgagor which are accepted by the Mortgagee and all agreements between Mortgagor and - Mortgagee relating to insurance, now a:fisting or hereafter made, shall be in writing and shag be a pert of this mortgage agreement as fully _ ss though set forth verbatim herein end shall govern bath parties hereto and then successors and ?ssigns. No Ikn upon any of said pdicia of insurance or upon any refund or return premium which cosy be payabk on the cancellation of termination thereof, shah be urea to other than the Mortgagee, except by proper endorsement affixed to }etch policy and approved by hortgagee. Each policy of iasurann shah hate affixed thereto a Standard New York Mortgagee Clause without Contribution, making all bas or bases under wch policy payabk to the Mortgagee as its interest may appear. In the event any wm or sums of money become payabk thereunder fire Mortgagse shalt hate the option to receive and apply the same on account of the indebtedness hereby secured, or to permit the Mortgagor to ra- ceire end use il, or any put thereof, without thereby waiving or impairing any equity, IieA, of right order std by virtw of tbb mOli- pge. In event of bas or physfical damage to the mortgaged property the Mortgagor shall give immediate aotite thereof by mail to the t~ Mortgagee and the Mortpgee may make proof of loss it the same is rat made promptly by the Mortgagor. Gt treat of fotedossw of • , UR ~ ~s'~~~~~ eocx X02 ~~i,E17z1 _ - - # - } - s ~