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Home My WebLink About1679 lROVIDED. ALWAYS. that U the Mottp~or ttball faY tutto the Mottgsgae tbs ltdtbtadnesa s~idtaoa~ Mjr a oaMaitt prswiraoeY aoN - of which the ft>rlovtriut iw words and ti`uree r • tree copy to•wit: - t February 5, s 2.425.00 Fort Pierce , _ Fluid. I9 WE i o in: ' on a e ~•ror,a 1 1 promise to laY FOR VALUE RECEIVED + lu the trrtier of O THOI]- ••~,•~•,°c~ TWENTY IVE ----------NO/lOQ DOLLARS, tANll Nlr11R rfl)l\Ullr. the pritcipal wm of trlgether with interest thereon from date at the rate of ten percent. per attnunt untd mattlnty, both prtnctpal and interest being payable in lawful motley of the United States at 2244 Biscayne blvd. Miami. Florida, or at stlclt other piece u the hdders hereof ' stay de.igttate in writing. Principal and interest payable in installments as follows: FIFTY FIVE ($55.00) 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. lira rolls may be prepaid in whde or in part at any. tune upwr paytwtal of a penalty equal to eidtt peeoewt o[ the prinei*el slrm preMM- ( f~rh irotallmeot payment shah be credited Coat on the iatereal due. and the remalndet Orr ptureipl; atad interest abB draerpou °°eK ~°i tllr,lrrirrripal so tnrliled. tad ptotat, trrd itt the exalt aril alrall tee brvr~tt The matters and eadoraers of this note further epee to wain dawaad, notice of rrorrpeT~en (ut (hit edlrcliun hereof, a the same has to be cdleeted upon detrand of err attorney, to pay reasoaahle altrxsaey"a tees tax making stseir odketittw- (kferred paymenb hereunder shay liar interest at the me of ten percent per annum tram matrrity raW p~ laws of the State of Flotide: r!a 71l'a nulr 'n secutvd'by a mlrrlgaRe of es'rn date herewith and a to be cwutrued and enforced etoordittg d ~ ~ the dr(ault in the paymea of principal and/or interrsl when due, the whde sum of prinripal sad interest tesaiaiag repaid ~ hdders, brn/nte immediately due and paysblr. /Q~ s- er.~""""'.. ~ ~ (SEAL) i S _ iSEAL) ~ Piepared by Sladey N. Spieler. Attorney- ~~-t0 Hiscsyne Itlyd., Niwri Florida std oovs~awts ~ ~ and slaty perform, comply with and abide by tech and every the stiptthttioas, ti, eogdiitiurtg. said promi:aory note and of this dad, then this deed and the estate thereby txated (r6a11 cease and be Hall sod void. 1. The Mortgagor hereby rnvenaats and agrees: (a) To pay all and singular the principal and interest and other sums of money payable by virtu« of said promissory note and this deed. or either, promptly on the days respectively the same severally becomes due. (b) To permit, commit or suffer no waste arrd to maintain the improvements at all times in a state of good repair and oonditba, and to do or permit to be done to said premises nothing that will alter or change the use sad chuader of said property or in say way impair of weaken the security of this mortgage. And in csse of the refusal, neglect or inability of fire Mortgagor to «pair and maintsia said property, ~ the Mortgagee may, at Ais option, make such repairs or cause the same to brmade, sad sdwnce moneys in that behaK. (c) To pay all and singular the taxes, asussmrnts, levies, liabilities, and obligations of every nature oa saki described property each and every when due and payable according to law, before they become detiquent, and to deliver to the Mortgagee on or before March 1 Sth of each year tea receipts evidencing the paymrnt of all lawfully imposed taxes for the preceding cakndu yeu;to. indemnity the Mortgagee upon his demand for all Axes, sasessments snd chuges that may be assessed upon this mortgsge on the indebtedness secured hereby, sad ~ paid by the mortgagee, without regud to any law heretofo« enacted or hereafter ro be eroded imposing paymetu of the vrAole a say part thereof upon the Mortgagee. (d) To pay all and singulu the costs, charges and expenses, including lawyers' tees and abstract costs reasonably ittcurted or paid et any I time by the Mortgagee because of the- failure on the part of eke Mortgsgor to perform, oomplp with sad-abide by each and every the stipulations, agreements, conditions and covenants of said promissory Dote sad thin deed. or either, sad every such payment shall bear interest from date at the vets of ten (10'16) per crntum per annum. (e) It is further coavenanted snd agreed Dy said pubes that is the event of a suit betag irrstitoted to foredoae this mortgage, the Mort- ! -gages shall be entitled to apply at any time pending wch foreclosure wit to the court having jurisdiction thereof for the appoiotmeot of a receiver of ail sad singular the mortgaged property, snd of all rfnts, incense, profits, issuers snd reveatres thereof, from whatsoever source dtrived;and thereupon it is hereby expressly conrenanted and sgreed that the Court shall forthwith sppoiat wch receiver with tbs ususl powers and duties of receivers is Wee cases; sad said appointment shell be msde by the court as • mallet of strict right to the Mort- gagee, and without reference to the adequacy or inadegwcy of the value of the property hereby mortgaged. or to the anhreacy or Tract- F vency of the Mortgagors or any other party defendant to such wit. The Mortgagor hueby specifically waives tbs tight to object to the appointment of a receiver as aforesaid and hereby expressly consents that wch sppoiatmeM shall be made ss an admitted equity sad as s matter of absolute right to the Mortgagee and that the same may be done without notice to the Mortgagor. (n If foreclosure proceedings should be instituted spinet the property covered by this mottpge upon any other lien orelaim whether alleged to be superior or junior to the lien of this mortgage, the Mortgagee may at his option immsdutely upon institutba of wch suit or during the pendency thereof declue this mortgage snd the indebtedness secured hereby dw sod psyabte forthwith tad may at its optbw 1 proceed to torecbse this mortgage. - ~ (g) That the Mortgagor wdl keep all real and personal property now or hereafter encumbered by the lien Qf this mortgage insured as may ~ be required from time to time by the Mortgagee against bss of fire, windstorm and other hatuds, casualties and eontiagencies for such perads and for not less than such amounts as may tx requbed by the Mortpgee and to pay promptly wbeo due all ptemlums for wch ( insurance. The amounts of inw«nce required by the Mortgagee shall be the minimum amounts tot which acid insuratce shaa be written ~ and it shall be incumbent upon the Mortpgor to maintain such sdditanal insurance at may be necessary to meet sad comply tally with all eo-insurance requirements contsined in said policies to the end that the said Mortgsgor is not s oo-inwtot ths«urrder. Inwraace shall be ~ written by a coAtpany or mmpanks approved or designated by the Mottpget sad all policies and reaewala thereof sMU 1>e Held by the Mortgagee. All detailed designation by the Mortgsgor which are sccepted by the Mortgagee and all agteemsots betweta Mortgagor and Mortgagee relating to inurance, now existing or hereafter made, sball.be is writing sad sbaa bs a put of this sor/gsgs agreement u tiny as though set forth verbatim herein and shall govern both partia hereto sad their wcceason and assigns. No lien upon any of acid polieia of inurance or upon sny refund or return premium which may be payable on the gacellatbn or terminstbo thereof. shag be given to other than the Mortgagee, except by proper endorsement aftiaed to wch policy and approved by Mortgagee. teach poUcy of iasurawee shag hate affixed thereto s Standard New York Mortgagee Clause without Contribution, making all bss or bases under such polky payable to the Mortgagee as its interest may appeu. In the event any wm or sums of money become payable ths«uadet the Mortgagee. shatU hate the option to receive and apply the same on account of the indebtedness hereby secured. or to permit the Mortgagor to te- ceive and uu it, or any part thereof, without. Thereby waiving or imposing sny equity, lien, of tight under sad by vittw of this mort• pge. In event of bu or physical damage to the mortgaged property' the Mortgagor shall give immediate notice (hereof by msY to tM Mortgagee and the Mortgagee may make proof of loss if the vane is not made promptly by the Mortgagor. is event of tonclosute of ~ oR ~ ~ - ~ ~ sOOK~ ~E1677 - r -