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Home My WebLink About0551 ; ~ ~ r PROVIDED, ALWAYS. that if the Monjs=ot shap psy uato tbe ~ortaa=ee the i~debtedMSS evidenced by a ce~tai~ p~omiaory? aote ot whicb the toUowi~ ia wads aad fijura b a M~e copy to-wit: ~d~~~Q~ dI0~6 ~ , ~ S 5, 075 . 00 Fort Pierce . F~a;d, Ma rch 20, 191~ ` FOR VALUE RECEIVED F1E. iointly and severally romise to P WY a? ti~e ordrr of SEYMOUR FRIEND ~ ~ ; ( ~ he pri?~cipal sum of ~YE THOUSAND SEVENTY ~IVE - - - - - - - - - - - - - - - - - -Nn ~ 104 ppL~~, j tugether with interest thercon from date at the ratc of ten percent. per annum unti) maturity~ both principal and interest beina ~ ~ payable in lav?~tul muney ot the United States at 22~4 Biscayne Blvd. Miami, Florida; ot at such other place u the holders hereof may deagnate in w•riting. Princip~l and interest payable in instsllments as tollows; ~ . ~ i ' ONE HUNDRED THIRTY ($130.00) DOLLARS per month beginning on ' ' the lSth day of June, 1979, and continuing on the 15th day ; of each and every month thereafter until paid in full. This note ~sar be prepaid is whok or in p,art at anp tise rpon paYmeat oi s penalty equal to ei~t ~eeoeat o[ t?e prioeipal iua prepaid, ` ` E~ch irotailmaU parsewt sball be rndited fusl o~ We iwterat due~ ana the ~emsinder on p~iweipal; and bteeat iaU tMe~pow caae ~pw f~ the pri~cipal w eredited. i' 7he waken awd rndonen ot this note turtker a~ree to raire desand~ nutite o( oun~par~went aad protat, aad is tl~e ereat wit ~hall be 6ro~t i f~ the edleetion hereof. or the aame hss to be cdleetcd ~~ow de~waw~ ot an att~xner, ~o wr ~,~•~+~,~w~yti t~« ro~ ~akia~ weii edleetiow. + Deterred W)•meMs hereYn~er shaN interat at N~e nte oi le~ perernt per anmm lraa eratnrity ~sW Mid. 4 f Tkis nute is serurcd by s wort~aRr ot errn da1~ herewith and is to be eomtn~ed and entorced ~eeordiw~ to We la~ra oI We State ut Elorida; dpoo # ~ ~Ic(ault in the paymeat a( ~pal aad/or ialemt whcw due. the whak w~m of principal and ieterat ewsainia~ rwPaid ahall, at the oPtiow oi the ; hulders, become imraediatelY dne and paya6le. 1 ~y~ ~ / ~ ~ ~K~ _ ~i ~~AL~ f ~ ~ ~(~L.~w ~ ~ L.Z,~WY~.~.~ 1 (SEAL) ; ~ P~ared bY GawleY H. Spieler, A~taraeY- 22-W ~Sea7ne Blyd., titiaa~i Flarida } - . j and ~hall peirform, comply W~ith and abide by each and evrry the stipulations, agreements, conditiont aad ooRq~tb o! ; said promiscory note and of this deed'then this deed and the estate thercby created shall cease and be nuq and void. ' i. i ne 'niurigay,ur nercoy currnan~.i anu agrees: (a) To pay all .~nd s~ngular thc prmr~pal arxi mterrs[ and other sums u! muney payable by rirture of said promissory,notr and this deed, ot tithr~, promptly nn the Jayc respert~vrly thr same serrrally becomes Jue. ' ; (b) To permH, cummit ur suffrr nu waste and to maintain the improvements at a4 times in a state of good repair and conditicwn, as?d to do ot permit to he d~~nn to said prcm~scs nothing tAst will alter or rhange the ust and characler of said prope?ty or in any way impsir or weaken the srcunty ~~f rhis me~rtg~ge. And in case of the tefusal, neglect ot inability of ihe Mortga~or to repair and maintain said property, ; the Mortgagrr may. :+t his option, makt such repairs or causr the same to be made, arxl advance moneys in that behalf. ~ f (e) To pay al! and sm~ular thr taaes. assecsmrnts. levies, liabi6ties, and obligalions of every naturt on said dsscribed property eacA and erery when dur and pa~~Ak n.ordins to la~., bafore they become daliquent, and tu dNiver to the Mort6a~ee on or befote March l5th of each yrar tai rrcripts ac~drne~ng thc paymrnt o( a0 tawfully~ impaxd taxes for the preced~na eslrndar year, to indemnity tht Mortpaee ~ upon his demand (or afl ta~es, assessmrnts and chirgrs that may be assessed upon this mortga6e on the indebtedness secured hereby, and paid b~ thr mortgagee. ~~ithuut regard to any law herptofore enacted ot hereaiter to be enacted imposina payment of the who{e or sny ~ part tArreof upon the ~tortgagte f (d) T~~ pa~ all aqd singular the costs, charges and expenxs, including lawyers' fees and abstract rnsts reuonably incuned or paid st any time h~ the !~tortgaRtr hecausr of the failurt on the part of the Mortgagor to perform, mmply with and abi~e by tach and erery the ~ stipulaUons, agreements, coaditions and covenants of said promiuory note and this deed, or either, and every such payment shall beu ~ interest from date at the rate of ten (10`?'0) per centum per annum. ~ (e) It is furthcr convenantcai and a~reed by said patties that in tAe event of a suit bein~ instituted to foreclose this mortaa~e, the blort- ~ sa6ee shall he antitted to applp at any time pending such Toreclosure wit to the court havin` jurisdiction thereot tor the appointment of ~ a recen-er o( all and s~ngular the mortgased property, and of all renls, incomes; profits, iuues and revenues thcreof, trom whatsoever wurce dern•ed: and thereupon it is hereby expressly~ conrenanted ~nd asteed that the Court shall furthwith appoint such receirer witA the ~ usual po.~rrc and duties of receivers in like cases; and saiJ appointment shall bt made by the coun ai a matter of stritt ri~ht to the Mort- a gagee, and without reterrnce to the adequscy or inadequacy ot the vslue of the propert~• hereby mort`ased, or to the wtvency ot insol- ~ vency of the tilortgigors or any other partp defenJant to such wit_,The Mortasgor hereby speciTically waires the ri~h! to object to the app~,intment o( a recei+er as aforrsaid and hereby ezpressly cunsents that such appointment shall be made u sn admitted equity snd ss a matter of absolute riEht to the ~tortgagee and that ihe ure msy be done without notice !o the MoRea`or. r ~ (fl If foreclosure proceedings should be instituted against the property covered by this mort~aje upon any other lien or claim whether alleged to be superior or junior to the lien o! this mortgage, Ihe Mortgagee may at his option immcrliately upon institution of such suit ot ~ dunng the penJency thereuf declarc this mortgase and the indnbtedness secured hereby due and payable forthwith and m~y st its option ~ proceed to forecbse this mortgage. _ ~ ~g) That the ~lortgagur will keep all real ar~d persnnal property now or hereafter encumbered by the lien of this mortpie insuted ss may x Ee requirrd from time to timr b~ the S1otl6agee ag~inst bss of fire, windstorm and olher haurds, cuualt~es and continfencies for such periods and for not leu than such ~mounts as m~y be required by the :Nortgasee and to pay prompdy when due all premiums tor such ~ insurance. The artKrunts ~f insurance reyuired by the Mortgagee shall be the min~mum amounts fot which uid insutance shatl be written and it sAall be incumben~ upon the Mortgasor to maintain such additional insur~ntt u msy be neceuary to meet and comply fulty witA all co-~nsurance requuements rnnuined in said policia to tAe end that the s~id Mortsa`or is not a co-insuror thereunder. Insutance shsll•be j vrritten by a company or compaoies approvrd or designated by the Mortgagee and all policies and renewals thaeot shall be Aeld by lhe ~ , Mortgagee. All detaikd desfgnations by, the Mort~s6or whicA ate accspted by the Mori~s`ee and aU a~teements between Mori~s~or and - ! Mortgagee rclahng to insunnce, now existing or hereafter msde, sAall be in writing and shall be a part ot this mottp6e a~reement u fuUy i 5 as though set forth verbat~m herein and shall govern both parties hereto and their succeswn and sssi~ns. No iien upon any of aaid policid F oi ~nsuronce ur upon any refund or relurn premium which may be payabte on the cancellation or terminstion theteof; sha0 be ~iren to % othn than the ~tort a ee, exce t b ro er endorsement affiked to wch B 6 P Y D P Po~~~Y ~DProved by Mort~~~ee. Each politr of insurance shall have aftixed thcreto a~tandard New York Mortgagee Clause without Contribution, makina al1 bss or bsses under such policy - payable t~~ the ~1ort~tagee as ils ~nterest may appear. In the erent any sum or sums of money bemme psyable thereunder the Mortp~ee ~ shall have the uption to receive and apply thc same on account of the indebtedneu heteby secured, or to permit the Mortp~or to re- ~ ceire and use it, or any part thereof, without thereby w~sivins or impsirin~ any equity, lien, or ti~ht undet snd br r'vtue of tAb mort- ~ pse. In event of loss or physical dama6e to 1he mortsssed property the Mortgs~or shall pve immediate notice thereof br m~il to tM - Mortaagee and the Nortaagee may make proot of loss if the same is not made promptly br the Mort~or. In event of torecbsute ot ~ ~ . ' , . ± r ~.t ~ ~ . . ~rt ~ ~ 551 ~ ~ A ~~'~~a.~.._. _ , . . . . . ' ...v.