The URL can be used to link to this page

Home My WebLink About0554 . f ' ~ ~ 4 ~ . PROVIDED. ALWAYS, that it the Mort~a~or shall pay unto the Mort~s~ee the indebtednea evidenad ?~r a oaRW poaniaory Mote of which the foQowi~ in worda and fitures is a tn~e copy tawit: : j ~~~~`a~e ~°~e ' ~ S~,, ~75 _ t1[1 _ Fort Pierce, F~a;d, March 17 , 19 FOR VALU V D I promise to psy ; tu the order oi ~E~ ~E , the principal sum of 1'WO THOL1SAND . T~LREE HUND ED ~ EVENTY F I VF -------NO / 1 n~ ppL~,,+~~ _ ; tugether with interest thereon trom datc at the nte ot ten pe~cent, per annum until maturity, both ptincipal and interest being payable in lawful money ot the United States at 2244 Biscayne Bivd.. Miami, FluriJa. or at such other place as ~he hulders hereo! n~ay designate in writing. Principal and interest payable in instsllments as follows: SIXTY ($60.00) DOLLARS per month beginnir.g on the lSth day of June, 1979, and continuing on the 15th day of each and every month thereafter until paid in full. 7bis aute msy be prepaid in whde or in part al anp time upun pay~nrnt ot a prnalty equal lo ei~t peroeat ot the prineipal sum poepaid. Eaeh i~uuWlment panweat shall be ereclitcd Cus1 oa the interest due~ aad d~e Rmainder an prineipal: and inlernt ~ha11 l6ere~poe eesse ~pow ~hr principst sotrediitd. ll~e make~s and eadorsen o( tha note furthcr apce to wai~~e danand, ootiee oI aon-paYment snd protat, a~d in the eru~t wit ~hall be 6rau~ht i„r ~he edleelian hered, or d~e same has to be edlected ~pn demand ot an altoraer, io ~r ~,~.w~,uo~,Kr's tees for makix~ wch cdleetion. Defernd ps~~w~en4 Aerwader shaq bmr p~terest at We n1e of ten pe~crnt per aanum (rwn maluritr uaW p~id. This ~w1e is uru~ed ~y a warlpse ot e.en date herewith and ic to be eaulrued and eniorced aecor+~ia~ to Uie laws ot ~he Slate ot Florida;Lpoa ~I~iault in lhe ps~nneal of priweipal ~ud/or intercsl wben due, the whuk wm uf priucipal and ialerat ~aie' u~p~id ~hall, at t6e opliow ot tl~e hdders. b~caae immediately dre and payable. ~ , . - . ' ~ (SEAL) ~ (SEAL) !'npared ~r StanleY H. Spieler, Au~rney- 2240 i~rraree Bhd.. llliami Rurids aa shall perform, comply with and abide by each and every the stipulations, agretments, conditions and covenants o( said promissory note and of this deed, then this deed and the estate thereby created shall cease and be nul) and void. E_ The Mortgagor hereby ca~enants and agrecs: (a1 To pa> all and +~n~tul3r [hr pnnc~pa! ~nd intercst and othrr sumc of money payahlt Dy virture o( said promiesory nott and this deed, ex either, promptl> ~n thr da}~ rr~prrt~.rly thr samr sr~rrally hecomec due. (b) io prrm~~. .umm~t ~~r +uf(rt rw~ .caitr and to ma~nta~n thr improvements at all t~mes in a sqte o( goud repair and cundition, and to do or perm~t t„ hr dunr to saiil prrmisrc nuth~ng that will alter or change the ax and character of said property oc in any way impair or wcaken thr sr.unty of this murtgagr And in case et the ~etusal, neEle:t or inability of the Nortpsor to repair and maintain said property, thr hlortgagrr may. at his ~~ption, makr such repairs or cause the same to be madt, and advance moneys in that behalf. (c) io p~~ rll ~nd smgular thr ta~rc, aesrscmrnts. Irvirs, liabilities, and ubligations of every nature on said described propcrty each and evrr~ ~.hrn dua and payahlr a.curJmg tu law, before they become deliyuent, and to delirer to 1he Mort6aeee on or before March 1 Sth of each yrar ta~ rccr~pts rvidencmg the payment uf all law~fully imposed tazes for the p~ecedins cakndu yearto indemnity the Mort~asee , upon h~s demand tor all taxes, assessmrnts and charges that may he assesxvf upon this mortsaae on the indebtedneu secured hereby, and paid b> the mort~ager, wlthout rrgard to eny law heretotorr enacted or hereafter to be enacted imposin~ psyment of the wfiok or any part thrreof upe~n the Mortgagec. I (d) To ~ay all and singular the costs, chatges and expenxs, including (awytn' fees and abstract costs reuonsbly incurred or paid at any time by the Mortg~gte hecause ~f the failure on the patt of the Mortgagor to perform, comply with and abide by tach and every tAe ! stipulatiuna, agreements, cundit~ons and covensnts of ssid pronlissory nete and this•deed, or either, and every such payment shall beu intercst from date at the rate of trn (10"~) per centum per annum_ i ~ (e) It is turther comenantrd and agreed by said parties tAat in the event of a suit beinj instituted to foreclose this moR{s~e, the Mort- f gager shall be rntitled to apply at any ~ime pending such Toreclosare suit to the court-havin~ jurisdiction thtreof for the appointment of ~ a rece~ver of alI and s~ngular the mortgaged property, and o( all rents, incomes, profits, iuees and Tevenues thereot, from whatsoever ; source derirrd: anci thereupon it is herrby exprcssly conrenanted and a=teed thal the Court shaU fotthwith sppoint such receiver with the ~ usual p>Nere and duties of receivers in like cases; and sad appointment shall bt made by the court as a matter o! sttitt t~sht to tht Morl- 6aEee, and w~thoul rcferrnce to the adeyuacy or inadequacy of the value of the property hereby mortgased, or to the soFvency or insol- ~ vency of the Mortgagors or any othrr party defendant to such wit. The Mort~asot hereby specificaUy waires the risht to oEject to the r appointment of u recerver u afortsaid and hereSy expressly cunsents that sueh appointment shall be made ss sn admilted equity and ss a ~ matter of abwlutr right to the MortEagee and that the same msy be done without notice to the MoA~a`or. i ~ (f? U foreclosure procerdings shoul3 be inst~tuted against the property corered by this mort~age upon sny other lien or claim whether ; allegrd to be zuperior or ~unio? to the lien of this mortgase, the Mort6aaee may at his option immediately upon institution of such suit or ~ during the pendency Ihereuf declare th~s mortgage and the indebtedness ucured hereby due and payable forthwith snd may at its optan pruceed to tortcluse this murtqage. 3 (g) That Ihe ~lnngagor wdt keep all real and personal property now or hereaRer encumbered by the lien ot this morl~a~e insured as may g be required from time to timr by the ~lortgagee against bss of Fire, windsturm and other Aanrds, casuattia and oontiniencies for sueh peru~ds and tor not less than such amounts as may be'required by ~hc Mortga6ee and to pay promptly when due all premiums for sucA ~ insurance. The ami~unts of insurance required by the Mortga6ee shall be the minimum smounts tor which said insurance sAall be written ' and ~t shall be incumben~ upon the Mortgagor to maintain such sdditional insurance u may be necessary to meet and comply fully witA all ~ co-insunnce re uirements rnntained in said p q policies to the end that the said Mort`s`ot is not a co-insuror thereunder. Insursnce thall be q written by a company ur compan~es appro~ed or designated by the Mortgagee and all policies and renewsls thaeot shall bt held Dy tAe Mortgagee All detailed desegna~ions by the Nortgagor which art accepted by the ldort6asee and all a~reements between Mortp~or ~nd ' Mortgagee relat~ng ro ~nsunnce, nuw ex~sting or hereafter maQe, shall be in writing and sha11 be a part of this mort~t~e a~reement as fully I u though set forth verbst~m herein and shail govrrn both parties haeto and Iheir successon and usians. No lien upon sny of sfid pOliCies ' of ~nsurance nr upon any refund or return premium which may be payable on the cancellation or terminstion thereof, shaU be ~iven to ` other than the Mortgagee, except Ay proper endorsement affixed to wch policy and approved by Mort~a~ee. Each poliey of insuranee j shall hare affixed there~o a Standard New York Mortgagee Clause without Contribution, makin; all bu or bsses under such poliey ~ payable ~o ~he Slortgagee as its interest may appear. In the event sny sum or sums of money become paysble thereunder tht MoAµ~ee shatt hare ~he option tu receivr and apply the same on account of Ihe indebtedness haeby secured, or fo permit the Mortp~ot to re- ; ceive and use it, or any part thereof, without thaeby wairin~ or impai~in~ any equity, lien, or riaht unde~ ~nd br virtue of this mort- ~ pse. In event of bss or physicat damaae to [ht mort`a`ed property'the Mortpsor shsll ~ive immediate notice tAereof by m~il to the ~ Morts~~ee and ~he Mortsaaee may make proof of loss it the same is not made promplly by the Mort~a{or. In event ot fortcbsuce ot i ~ € ; , ~ c, k 5 , : . ~06 = . ~ ~ 54 i ~ ~ ~ _ < <T _ _ . - . .