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Home My WebLink About1323 PROVIDED, ALWAYS, that if the Mortgagor t+ItaU pay unto the Mortsapee the iadebtedtteae evidenced by a fxttain ~g~ry aoq of which the tflllowing is words sad figtues b a true copy tfi~wi/: .:~fozl~R~ ..~~~e ~ 975.00 _ Fort Pierce. Flor;de February 5. 19,~,~_ hOR VAWE RE(EIVEI) I promise to pay• Irv IIK tNtlrr (?f r t the {?rith~ip:d.uln of NIr1E HUNDRED SEVENTY FIVE ----------------------NO/100 DOLLARS, I,rrthrr with intrna thereon inwlt date at the rtte of ten percent. per annum until maturity, both principal and interat being p:t~ ably in lawful nu?Ik of the United Stales at 2'_44 Bivcayne Rlvd., Miatui, Flt>rida, or at such other place as the hdders hereof m.r~~ tk.iguatc in writing. Principal and interest payable in installments as faiiuvvs: . TWENTY FIVE ($25.00) DOLLARS per month beginning on the 15th day of April, 1979, and continuing on the 15th day of each and every month thereafter until paid in full. IQi. ours- nu) Irv prepaid in wha,lr ,x in part at an) titrrr uptur payment of a prnalt) rqual lu r•idrt percent of the principal sum prepaid. I frcb in.taUmrnt payment .hall Irv eretlitrd lira .wr thr intrrrsl dur, and the rrmainrkr on principal; snd inleteQ shall therenpar tease t?par ~ rlrrpnueipal>orrrdilrtl. Ihr ma{.ro and rnthxatr? tri chi. note furllrrr ague to tvaivr drwrand, notice of ntrrpayrtsenl sad protdl, awd in lht evert wit shall be bratrgtrl r.N Ihr r,ahwlitrr hrnv,f, tx the unrr has lu Ire cdlrclnl upon demand u( an atltxne)•, to pay reasuna6le attorney's tees (a wukirrg surly coNtetian. (t,•ferrrtl pa) mrnl. hrr,•urrtkr JraU btvr itNrrr~.l at the vary of trn pertenl per annum from maturity uwlil paid. I i lbi. nutr b .scurrd b) a rrrwtKate of rver? date hrrestilh am! is lobs etrrutrued and ewforced accordant to the tears of the State of FTuida; wpw I d~•truh in Ihr pa)mrnt .,f principal and%tx urlrrra wlrrn dur, thr whole wwr of principal and iatereat remainiwt uwpaid shsll, at the option of Ilse i h,adrr~ hrt-„nrr inrm.dulrly dur acrd pa)aWr. ~ s ~ (SEAL) j (SEAL) j Prrparrd h. ~Ianlr~ 11. ~pirln, :Utornr)-~2t0ltivayae IU~d., \liami Fltrida - > , I snd tlheN perform, comply with and abide by each and every the stipule[ions, agreements, conditions and covttrtanis t)f raid promissory note and of this deed, then this deed and the estate thereby created shall cease and be null end void. - 1. The Mortgagor hereby covenants and agrees: • (a) ?o pay all and singular the principal and interest and other sums of money payable by virture of said promissory crate acrd this deed. or tither. promptly nn the days resp.:ctively the same sevsrany becomes due. (b) To permit. commit or suffer nu waste and to maintain the improvements at all times in a state of good repair and condition, and to do or permit to be dune to said prtmisa nothing that will alter or change the use and character of said property or in any way imP~ a i weaken the security of this mortgage. And in case of the refusal, neglect or inability of the Mortgagor to repau snd maintain said property, the Mortgagee may, at his option, make such repairs or cause the same to be made, and advance moneys in that behaH. (c) To pay all and singular the taxes, assessments, levies, liabilities,. and obligations of every nature on said described property each acrd - every when dos and payable according to law, before they become delpuent, and to deliver to the Mortgagee on or before Much 1 Sth of ~ each )-ear-tax receipts evidencing the payment of all lawfully imposed taxes for the preceding cakndu year:to iadetnnify theiNortgagce { j 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 mortgagee, without regard to any law heretofore enacted or hereafter to be enacted imposing payment of the whole or any - part thereof upon the Mortgagee. (d) To pay all and singular the costs, charges and expenses, including lawyers' fees and abstract costs reasonably inetrrred or paid at any time by the Mortgagee betYUSe of the failure on the part of the Mortgagor to perform, comply with and abide.by each and every the stipulations, agrcemrnts, conditions and covenants of said promissory note and this deed, or either, snd every such payment shall bear interest from date at the rate of tqr (10~) per centum per annum. - (c) It u further-conrenanted and agreed by said parties that in the event of a wit being instituted to fotedose this mortgage, the Mo~t- gagee shall be entitled to apply at any time 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 rents, incomes, profit:, issues and revenues thereof, from whatsoever scores derived: and thereupon it is hereby expressly convenanted snd agreed that the Court shsU forthwith appoiwt wch receiver with the usual powers and duties of receivers in like cases: and said appointment shall be made by the court as a matter of strict tight to the Mort- gagce; and without reference to the adequacy or inadegwcy of the value of the property hereby mortgaged, or to the solvency or insob vency of the Mortgagors or any other puty defendant to such wit. The Mortgagor hereby spKifrcaUy waives the right to object to. the appointment of a receiver as aforesaid and hereby expressly consents the[ such appointment shall be rends as an admitted equity and as a matter of absolute right to the Mortgagee and that the same may be done without notice to the Mortgsgor. (f) If foreclosure proceedings should be instituted against the property covered by this mortgage upow any other lien or claim whether i alleged to be superior or junior to the lien of this mortgage, the Mortgagee msy at his option immediately upon iwstkutbn of such suit of during the pendency thereof declare this mortgage and the indebtedness secured hereby dne and payable forthwith and may at its option ~ proceed to forecbse this mortgage. - (g) That the Mortgagor will keep all real and personal property now or hereafter encumbered by the lien of this mortgage insured u may be required from time to time by the Mortgagee against bas of fir[, windstorm and other h;rods, casualties and contingencies for such periods and for not less than such amounts as may be•required by the Moitgagce and to pay promptly when due all premiums for such ~ insurance. The amounts of insurance required by [fie 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 insunnce as msy be necessary to meet and comply fully with sU ? coinsurance requirements contained in said policies to the end that the said Mortgsgor is not s co-ituuror thereunder. Insurance shgU Ire ~ written by a company or companies approved or designated by the Mortgagee awd all policies and renewa4 thereof shall ba held by the Mortgagee. All 6etaikd designations by the Mortgagor which are accepttd by the Mortgagee and all sgreements between Mortgagor and Mortgagee relating to insurance, now existing or hereafter made, shall be in writing and shall be a part of this rortgage szreemeat ss fully as though set forth verbatim herein and shall govern both psrties hereto and their successors and sasigns. No Tien npon any of aid poiieiq of insurance or upon any refund a return premium which may be paysbk on the cancellstbn av termination thereof, shall be ghrcn to other than the Mortgagee, a:cep[ by proper endorsement affixed to wch policy and approved ~y Mortgagee. Each policy of insurawa shah have affixed thereto a Standard New York Mortgagee Clause without Contribution, rwakiag all bss or bases under such policy payable to the Mortgagce as its interest may appear. In the ewcnt any wen or sums of money become payable thereunder the Mortgtrges shall bare the option to receive and apply the same on account of the irrdebtednesa hereby secured, or to permk the Mortgagor to rs- ceire and use it, or any put thereof, without thereby waiving or impairing any equity. Ikn, or right under and by virtw of this resort- gage. In event of bss or physical damrge to the mortgaged property the Mortgagor shall give immediate wotite thenot by mall to t6s Mortgagee and the Mortgagee may make proof of loss if the same is not made promptly by the Mortgagor. !e scent of torecbsucs of DOGI(~~ FAGEIJ~ -