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Home My WebLink About2395 • t)it'i ~:W~Jti rROVIp~D, ALWAYS, that it the MortpSor tibaU pyr eato the PloitSyee the itdebtedrless evidet~ y? ~ t~sitailt • . piolltilaory tt~te of whidt the following is ~ sad ti~ua d as titre coov to-wit; . .~otl~ra~e .Nolc+ s 2 , 575 , 00 Fort Pierce, Florida January 29 , ~ 79 k FOR VALUE RECEIVED WE iQin><lx and severally promise to pay to the order o[ ISADOR KORN AND GLADYS KORN THIS WIFE i the principal wm at TWO,~OSAND FIVE HUNDRED SEVENTY FIVE ---NO 100 pOLU~, together with interest thereolt from date at th. rate of ten percent, per annum untt~ rnattlrity, both principal and interest bales= payable in lawful muttey of the United States at 2244 Biscayne Blyd., Miami. Florida, or at such other platx as the holders hereof E may deygttate itt writing. Principal and interest payabk in installments as follows: # r SIXTY ($60.OQ) DOLLARS per month beginning on the 15th } t day of April, 1979, and continuing on the 15th day of t each and every month thereafter until paid in full. 'Ilri. note tray be prepaid in while or in part at ail}• titnt upa,n payment o[ a prnaltr equal to eight perceive of the principal twiw peNid. Each in+tallmrnt parrnent alrall be credited fuxt awr the interest due, and the rearainder on principal; and interest rlta~ tFretetyaa oeaae opow IIIr principal so credited. 'ore makers arnl endorsers of this note further agree to waive demand, notice of nar•paynrent and protest, sled in the event twit alrall k hratdtt t fur the edlertiun hrreot, or the same has to tw edleeted upon demand of an altarrney, to pay reasonable attarwtpL [ties tar ttsakia~ tardy ooMectioa lkferced pay resents hereunder shsM hesar i~rlerrat al the rate of ten percent per annum from twaltsrily otrW paid. 'llru notr is secured by a moripge of even dale herewith and i+ to be construed and enforeed'aceordirrg to the lava of the State of Flarids;trpn drfault in ehr payment of pritrcipil srrd/ax ititerr.t when due, the Mhde wiw tit principal. and inlereat retaaittity ttapaid tdtaN, at Ilse tr*fiow of lha F ~ ha>Iders, hee.Hrre immnlutely due snd psYa6le. / ' I ~ ~ (SEAL) - { i'repared by ~lasder If. Spieler, Altaitnry-22•t0lliseayne lllvd.,lliatui Florida - 0 3 atltd tlllall perform, comply with and abide by each and every the sttpulattons, agrcements, conmttons and t~oreafrlb of . said promissory note and of this deed, then this deed and the estate thereby created shall cease and be ntiU and void. 1. The Mortgagor hereby covenants and ogees: (a) io pay all and singular the principal and interest and ~,ther sums of money payable by virture of said promissory rests and this deed, br either; pnrmptly on the days respectively the same severally becomrs due. f (b) To permit, commit ur suffer fro waste and to maintain the improvements at all times in a state of good repair and condition, anal to do or permit to he done to said premisrs nothing that will alter ar change the use and character tyf said property or in any way impair of weaken [he srcurity of this mortgage. And in case of the rofusal, neglect or inability of the Mortgagor to repair and maintain said property, the Mortgagee may, at his option. make such repairs or cause the same to be made, and advance moneys in that behalf. s (c) To pay all and singular the taxis, acsessmrnts, levies, liabilities, and obligations of every nature on said described property each and every when due and payable. according to law, heforr they become deliyuent, and to deliver to the Mortgagee on or before March l Sth of cacti year tax receipts evidencing the payment of all lawfully imposed taxes for the preceding calendar year;to indemnify the Mortpgee upon his demand for all taxes. assessments and charges that may be assessed upon this mortgage on the indebtedness secured hereby, and paid by the murtgager. Nithout reganl to any law heretofore e:racted or hereafter to be enacted imposing payment of the whole or any part thereof upon the Mortgagee. ' (d) To pay all aril singular the costs, charges snd expenses. including lawyers' fees snd aburact 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 abide by each and every the stipulations, agretmrnts, conditions and covenants of said prom[ssory note and this deed, or either, and every such payment shall bear ~ interest from Jate at the rate of ten (10;6) per centum per annum. (e) It K further convenanted and agreed by aid parties that in the even! of a suit being instituted to foreclose this mortgage, the Mort- gagee shall be entitled to apply at any tune pending such foreclosure suit to the court having jurisdiction thereof for the appointment of a receiver of all and singular the mortgaged property, and of all tents, incomes, profits, issues and revenues thereof, from whatsoever source alerivrd; and thereupon it is hereby expressly convenanted and agreed that the Court shall forthwith appoint web receiver witA the usual powers and duties of receiver in like cases; and said appointment shall be made by the court as a matter,~if strict tight to the Mort- gagee, and without reference to the adequacy or inadegwey of the value of the property hereby mortgaged, or to the solrsncy or insol- vency of the Mortgagor or any other puty defendant to such wit. The Mortgagor hereby spKificaUy waives the right to object to the appointment of a receiver as aforesaid and hereby expressly consents that such appointment shall be made as an admitted equity and u a - matter of absolute right to the Mortgagee and that the same may be done without twtice to the Mortgagor. (f) If foreclosure proceedings should be instituted against the property covered by this rrrorigsge upon any other lien or claim whether alleged to be superior or junior to the lien of this mortgage, the Mortgagee may at his option immediately upon institution of such suit or during the pendency thereat declue this mortgage aril the indebtedness secured hereby due and payable forthwith and may at its option proceed to forecbst this mortgage. - (g) 7 hat the Mortgagor will keep all real and personal property now or hereafter encumbered by the lien of this mortgage insured as may - be required from time to time by the Mortgagee against bas of fire, windstorm and other hoards, casualties and tontirrgenties for such periods and for trot less than wch amounts as may be requ~ed by the Mortgagee and to pay promptly when due all premiums for sucb insurance. The amounts of insurance required by the Mortgagee shall be the minimum amounts for which said insurance shall be written and it shall be incumbent upon the Mortgagor to maintain such additional insurance as may be necessuy to meet and comply fully with sU co-insurance requirements contained in said policies to the end that the said Mortgagor is rest a co•insuror thereunder. Inwrance shall be written by s company or companies approved or designated by the Mortgagee and ail policies snd renewals thaeot shall be hdd by the Mortgagee. All delaikd designatioriy by the Mortgagor which are accepted by the Mortgagee and alt agreements between Mortgagor arid Mortgagee relating to insurance, now existing or hereafter malt, shall be in writing and shall be a part of this mortgage agreement as fully as though set forth verbatim herein and shall govern both parties hereto and their succeswn and assigtu. No lien upon any of said polida - of insurance or upon any refund or return premium which may be payabk on the cancellation or termination thereof, shall be given to ~ other than the Mortgagee, except by proper endorsement affixed to wch policy -and approved by Mortgagee. Each policy of inslusna shall have affixed thereto a Standard New York Mortgagee Clause without Contribution, ranking all bas or bsses under wch policy payable to the Mortgagee as its interest may appeu.. In the event any sum or sums of money become payabk Ibersurrda the Moripgaa ` shall have the option to receive and apply the same on account of the indebtedness hereby secured, or to permit the Mortgagor to re- calve and use it, or any part thereof, without thereby waiting or impairing any equity, Ikn, or right under and by vtrtw of this Mort- gage. In event of bss or physical damage to the mortgaged property the Mortgagor shall give immediate rrotite thereof by mail to tM Mortgagee and the Mortgagee may make proof of loss it the same is trot made promptly by the Mortgagor. In event of (ortebsurs of f d R NIJ~ - . b00!( PAST t z - - - : - ,