HomeMy WebLinkAbout1895 PROVtOEDa ALWAYS. that if the Mortsator shall pay unto the Mortsagee the irtdebttldeeat svitiaftoed by a txctaie
proetiaaory note oI which the foUowirtg in words and tiSltres is a true copy to-wit:
t e/~~ _ - 4 Q~ elltfi~l'
s 4 X450.00 Fort Pierce . Florida -February 22 , 19 79
~ , 1'OR VALUE RECEIVED - WE. iointly and severally promise to pay
t.t the ttrtkr ttf t: ntt.ran ARnttnJ ~»n r~Qnr ~ S~QW~IT.~t~S W=~
the principal sum of FOUR THOUSAND FOUR HUNDRED FIFTY - - - - - - - - - - - - - - -NO / 100 pOLt,,tr~.
E ~ together with interest thereon from date at the rate of tee pet~certt, per annum until maturity, both principal and interest being
1 I?ayaMe in lavvfttl money of the United States at 2244 Biscayne Blvd.. Miami, Florida, or at such other place as the holden hereo[
1 ~ ntay de+igltate in writing. Principal and interest psyabk is ptstallments as foUttv?s:
~ ONE HUNDRED TEN ($110.00) DOLLARS per month beginning on
the 15th day of May, 1979, and continuing on the 15th
r, - day of each and every month thereafter until paid in full. -
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'lltia note may be prepaid in while or b part at say tittae upon payment of a penalty equal to eider percent o[ Use principal prat pnpMd,
F~ch irutaUmcnt payment abap be eredited first ow Use iatereat due, atsd die remainder rstt principal; fwd iatarat ahaU thereupon txaae Capon
~ the prirteipal so eredired.
71te makers arxi endorsers of this note further agree to waive demand, notice of aan-payttseat fwd pwtat, awd is the event wit shall be 6roudtt
fiir the edlartiain hereof, or the same has to be crigeeted upon demand of an altoraey, to pay reaaottsWe attortsey's tea for tanking wch cdleetioa.
Ikfarsd payment. hereunder shsN bear interest at the rate of ten percent pa annum from atatnrity until paid.
This nuta• to secured by a atortgage of esen date herevrilh nerd r to be errltalrued and enforced tteeordin[ to the lawn of the State of Florida; upon
driault in the payment of pritaeipal and/rx intaeFt when due, lire while sate of principal and intern! remaiuirtg unpaid shall, at the option of the
hoiden, become insmed'utely due and payable.
a~a '~1 •tSEAL)
Ste.- ~ ~~~~(SEAL)
Prepared by Stanley H. Spieler. Attarsty- 2240 ~acayoe Bhd., Miaai Florida
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and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and oowrnrants o[
said promissory note and of this deed, then this deed and the estate thereby created shat) cease and be null and void.
1. The ~1ortgagor hereby co~~enants and agrees:
la) to pay all end un~ula? the pnnsipal and uurrrst and otbrr sums of money payable by virture of said promisxiry note and this deed,
ur either. pn,mptly ~,n the Jaya rrsprcuvrly the same srvrrally brumes due.
Ih) To prrmrt. commit ra suffer riu waste end to m.iintam the improvrmrnts at all times in a state of good repair and condition, and to do
or permit to he door to said prrmisrs nothing that will alter ur change the use and character of said property or in any way impair of
weaken the security of this mortgage- And in case of the refusal, neglect ut inability of the Mortgagor to repair and maintain said property,
the ~lortgager may, at his upnon, make such repairs ur cause the same to be made, and advance moneys in that behalf.
Ic) io pay all and singular the taxes. sssrssmrnts, Irvirs, liabilities, and ubligauuns of every nature on said described property each and
every when dot and payah{r ac:ordmg to law, before lhry become deliyuent, and to deliver to the Mortgagee on or before March 15th of
each year ta? trceipts rsidrncing the payment of all lawfully imposed taxes for the preceding calendar yesr,to indemnity the Mortgagee
upon his demand fur all tsars- assessments and chatgrs that may he assessed upon this mortgage on the indebtedness secured hereby, and
paid by the nwrtgager, without regard ti, any few heretofore enacted or hereafter to be enacted impusirg payment of the whole or any
j part tArrenf upon the ~turtgagrr.
Id) 7 n pay all and singular the costs, charges and rxpenses. including lawyers' Jees and abstract costs reasonably incurred or paid at any
time by the hlurtgagee hrcause of the failure on the part of the Mortgagor to perform, comply with and abide by each and every the
shputahuns, agreements, cunditicins and cuverants of said promissory note and this deed, br either, and every such payment shall beat
interest from date at thr rate of ten (IOxr) per centum per annum.
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~ le) It is further cunvrnantrd and agreed by said parties that in the event of a suit being- instituted to foreclox this mortgage, the Mort-
a cr shall hr rntitlyd to a 1 at an time
B B DP Y pending such foreclosure suit to the court having jurisdiction thereof for the appointment of
a recrisrr of all and sinrular the mortgaged property, and of all rents, incomes, pruCts, issues and revenues thereof, from whatsoever
~ source derived. and thereupon it is hereby !xpressly mnrenanted nail agreed that the Court shall forthwith appoint wch receiver with the
I usual powers and duties of receivers m like cases: and said appointment shall be made by the rnurt u a matter of strict right to the Mort-
1 gager, and without reference to the adequacy or inadequacy of the value of the property hereby mortgaged, of to the solvency or inwl-
t vency of the Mortgagors or any uthrr party defendant to such wit- The Mortgagor hereby specifically waives the tight to object to the
€ apprnntmrnt of a recrisrr as aforesaid and hereby a:presQy conxnts that such appointment shall be made ss an admitted equity and as a
t matter of ahwlute right to the 5ortgagee and that the same ma)• be done without notice to the Mortgagor.
i If1 !f Girrclusure proceedings should he instrtuted against the property coveted by this mortgage upon any other lien or claim whether
; alleged to he superirx 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 declare this mortgage and the indebtedness xcured hereby due and payable forthwith and may at its optan
~ proceed ai forecbse this mortgage.
Ig) That the Mortgagor will krrp all real and perwnal property now or hereafter encumbered by the ben of this mortgage insured u may
be reyuirrd from time to umr by the Mortgagee against bss of fire, windstorm and other hanrds, casualties and contingencies for such
periods and for not Tess than such amounts as may be required by the Mortgagee and to pay promptly when due all premiums for sucA
insurance. the amounts of insurance required by the Mortgagee shall be the minimum amounts for which said insurance shall bt written
and it shall be incumbent upon the Mortgagor to maintain such additional insurance as may be necessary to meet and comply fully with all
co-insurance rtquirements contained in said policies to the end that the said Mortgagor is not a co-iruuror thereunder. Insurance shall bt
written Ay a company ur companies approved or designated by the Mortgagee and all policies and renewals thereof slut) be held by the
Mortgagee All detailed designations by the Mortgagor which ate accepted by the Mortgagee and all agreements between Mortgagor and
Mortgagee relating to insurance, now existing or hereafter made, shall be in writing and shall be a part of this mortgat-e agreement u fully
as (hough set forth verbatim herein and shall govern both parties hereto and their successor and assgns. No lien upon any of said policies
of insurance ur upon any refund or return premium which may be payabk nn 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 polity of insurance
- shall have a/tired !hereto a Standard New Yo?k Mortgagee Clause without Contribution, making all bas or bsses under such policy
3 payable w the Mortgagee as ns interest may appear- In the event any sum or sums of money become payable thereunder the Mortgagee
shun have the option to receive and apply the same on account of the indebtedness hereby xcured, or to permit the Mortgagor to re-
ceive and use it. or any part thereof, without thereby waiving or impairing any equity, lien, or right under and by virtue of This mort-
gage. In event of bss or physical damage to the mortgaged property the Mortgagor shall give immediate notice thereof by mail to tIN
Mortgagee and the Mortgagee may make proof of loss if the same is not made promptly by the Mortgagor. to want of fo~recbsute of
, ~ s~~~3U4 ~~~1893
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