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Home My WebLink About0902 r t~ '~~,f ~~`~t • . .t l PROVIDED. ALWAYS. tbst it tbe Mort~ssor :hail par uato tbe Moe~t~ee the iadebtednex evideuced ~r a cc~tai~ promiaory Aote o[ which tbe tdlowin= ia wo~ and fi~ura i~ ~ true copy tawit: f; <<ffo~l~ra~ ~%1~,~e ~ i I S 3.97~~00 Fnrt Pierce, Fio~ida March 14_, 1912_ FOR VALUE RECEIVEU promise to p1y i • lU t11e orde~ Q~ ~he principal sum of REE THOUSANU "~TU~' ~iNilRFil cFVENTY FjVF -------~~~OQ DOLURS k ~ ' tugether with interest thereon from date at the rate of ten percent, per annum untii maturity, both principal and interat bein~ ; f pa yable in lawful moixy of the United Slates at 2244 Biscayne Rl~~d, !Niami, Florida. or at such other pisce u the holdecs hercof may dr~g~ate in writina. Principal and interest payable in insbllments es folluws: EIGHTY ($80.00) D4LLARS per month beginning on the 15th day of May, 1979, and continuing on the 15th day of each and every month thereafter untit paid in full. t} . ' ~Ihis nw~ aiay be Pnpaid in whok or in parl at sny tiax upun pay~ncat ot a pe~allr equal to ei~t *eroeat ot lhe priweipal was prepaid- , E~eA imtsil~aa?t parsewt ahall bc ereditaf fust on ihe interat due. and the remainder on prineipal; and ieterest iull tbereYpon oeue rpo~ Ihe p~ncipal ao erediled. The makcn aad eadonen ot this note fu~ther sgee to waire de+nand. aotice ui nun•psya~ent and protat~ a~d in the erent auit sl~all be rr~~t ~~x the cdlcetiaa hereot. a the wne has to be cdiected ~pon d~mawd o( an atturner, wr ,u~r's tees ta sakin~ w~d~ eol{eetio~. Ikferrcd paYsenis herew~der ~hall ixar intuest al lhe rate o[ teo pe~ceat per amwm i~wn esatrrity usW pid. This note is x+cured br a enort~a~e o( errn d~te haewith and ie to be eonsttucd eaforeed xeoniin~ to the iir+s ot t4e State of Flqi+s: ~pw Jcfault in the pa)~eot ot prineipal aod/or intercsl whep due. the ~rhule sum o( p' ci al and iaterat raaainin~ 'd ~hdl. al the optbw ot t6e ~ hddns. becume is~mediatdy due and psyable. . , ~ S (SEAL) (SEAL) Prep,rea by stader H. spider, A~e«neY- ^240 ~SCarae Blra.. ~tiaa+i Flu~ida and shap perforn~, comply with and abide by each and evrry the stipulations, agteemmta, oonditaas and ~oMemab of said promissory aote and of this dad, then this deed and the estate.th~roby creatod shall cease and be nuU aed vad. The Mortgagor hereby covenants and agrees: - (a) To pa~• aU and singular the principal and interest and othrr sums of money payable by virture of said promissory note and this deed, or cither, prumpUy on ehe days respectively the same serenlly becomes due. (b) To prrmit, commit or wffer no M~asle and tu maintain the improrements at all times in a state of `ood repait and condition, and to do ~ or permit to be done to said premises nothing that will alter or chanae the use and chuacter of uid property or in any w~y impair or j weaken the sccunty of this mortgage_ And in case ot the refusal, neglect or inability of the MortEa~or to repair and maintain s~id property, ~ the Mortgaare may, at his option, make such repairs or esuse the same to be made, and adr~aee moneys in that behalf. iI 4 (c) To pa~ alt and singular the taxes, assessmmts, levies, IiaDilities, and obligations of evefy nsturt on said deuribed propMy each and R ' every when due an~ pavable according to law, before they bccome deliyueni: and to deliver to the Mortsafee on or before M~rch 15th of i each yrar tax recripts evidencing the payment of all lawfully imposed ta:es for the pretedin6 calendu ytar;to indemnify the Mort~aaa ° upon his demand for all taxes, assesvnents and chsrga that may be asscsxd upon this mort~ase on the indebtedness secured hereby, and ~ paid by the murtgagee, without regard to anq law herctofore enacted on c~teafter to he eoacled imposin~ psymeot of the whole or any ~ part thereof upon the ~lortgagte. ' (d) T~ pa~~ ~II and singular the costs, charses and eapenses, includina lawyers' fees and abstract costs reasonably incuned or paid st any - s t~me by tAe ~lortgagee because of the faiiure on the part ot the Mort6aaor to pertorm, oomptr with and sbide ~y qch and every the ~ stipulatiuns, agrrements, conditions and coven~nts o[ said promissory note snd this deed, or eithet, and evety such psyment sh~ll bear _ interest from date ~t fhe ratt of ten (IO~b) per centum pet annum. € ' ~ (e) It is further convenanted and agreed by said parties that in the event ot a suit being instituted to foreclox this mort~a~e, the MoA- ~ gasce shall be en[iUed to apply at any time pend~ng such foreclosure wit to the murt havin~ jurisdiction thereot for the appointment of a receiver of all and s~~ular the mortga`ed property, and of all rents, incomes, ptoCts, iuud and tevenuei tbereot, trom whatsoeret & source derivrd: and thereupon it is hereby expressly rnnvenanted and a~reed that the Court shaU fotthwith sppoint such receiver with the ~ usual poNers an:: dwies of receivers in like cases; and said sppointment shall be made by the oourt ss a mattet ot sttict ri~ht to the MoR- gagee, and w•lthout reterence tu Ihe adequacy or inadequacy ot the ralue of tAe prnperty hereby mottpstd, or to the aolveney or inaol- ~ vency oi the Alortgagors or any other puty detendant to such wit_ The Mortpsor hereby specificaUy waives the ri~ht to object to the ~ appo~ntment o( a receiver as aforesaid and hereby expres~ly consents that such appointment shall be made ss sn sdmitted equity and ai a matter of abwlute right to the Mortgasee and that the same may be done wlthout notice to the Mort`a~ot. (n If foreclosure proceedings should be instiluted against the p~operty corered by this mortsa`e upon any other lien or claim whether ~ alleged tn be super~or or ~unwr to the lien of this mortgage, the Mort`agee msy at his option immedistely upon institution of su:h suit or ~ during the penJency thereot declare this mortgage and the indebtedness secured hereby due and payable torthwith and m~y st its option S proceed to forecbse this mortgage. ~ (g) That the Mortgagor w~lll kcep atI real and personal property nuw or haeafter encumbered by the lien of this mortp=e insured as m~y be reyuired fmm time lo time by the Mortg~ger against bss of fire, windstorm and other hazards, casusfties and mntinsencies for such r perads and for nut less than such amounts as may be reyuired by the A!ortsa~ee and to pay promptly when due all premiums for suth ~nsunnce. The amounts of insursnce ~equired by the Mortga~ee sAalt be the minimum amounts for which said insurance sdall be written and it shall be incumbent upon tAe Mortgagor to maintain such additional insurance as may be necessary to meet snd comply fully with ~II ? co-~nsurence requirements contained in said policics to the end that the said btort~a~or is not s co-insuror thereundet_ Inwnnce sh~l1 be written by a company or compames approved or designsted by the Mort~asee and sU policies and renewab ihaeof shall be hdd by the ~ Mon a ee. AII detaikd des' nations b the Mort a or which are acce ted by the Mort a ee and a0 reements between Morl or and B 6 ~B Y 6 6 D [ L 4 t~i ~-a~` 111ortgasee relat~ng to insurance, now e:isting or hereafter made, shall bt in writi~ and shall be a pari of thb mortp~e a~reement ss fuUr ~ u though set forth verDatim herein and shall 6overn both paRies hereto and their successon snd assi~ns. No litn upon any of s~id politiea ` of insurance or upon any rctund or return premium wh~ch may be payable on the cancellatan or terminst'an thatof, shall be ~iren to ~ otha than the Mortsa6ee. eacept by proper endorsement affixed to such policy and spproved by Mortp=ee. Esch poliey of inswante shall havt aff:xed thereto a Standard New York Mottgagee Claux without Contribution, mikins all bss or bsses under sueh politr ~ payable ~n the Mortgasee as ~ts Intcrest may appear. In ~he crent any sum ur sums ot monty become psysble thereundet the Mottp{ee - shall h~ve the option to receive and apply the same un account ot the ir~debledneu hereby xcured, or to permit the Mortp~or to re- ~ ceire and use it, or any part thereof, without thereby waivins or impairin~ sny equity, lien, or ri~ht under ind Dr vittue of this mort- ~ `s`e. In erenf of loss or physical dama`e to the mort~a~ed property the Mort~ator shall ~ive immediste notics tAereot br msU to tM ~ . Mortsajee and Ihe Mortsasee may make provf of loss if the same is not made promptly by the Mort~or. In event of totecbsure ot ~ ~ 60r• r: o ~ -r90i ~ ~ . # . ~