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~ROVlDED~ ALWAYS, that if the Mortaa~or shsU pay unto the MoN~a'ee the udebledness evideuced bp a oettaln
promiaory aote ot which the followina in wo~ and fiaurea h s hue copy tawit:
~~~a~?~e J~o~e ; ;
a
S 4.725.00 Fort Pierce. F~~;d, March 17 , ~9~ ~
FOR VALUE RECEIVED iointly end several y
£STHER KADAN promise to pay
to the otder of
the principil sum of F0~ USAND TWO HUNDRED TWLNTY F IVE ----------NO 100 , '
DOLLARS,
together with interest thercon irom dste at the nte of ten pcraqt, pa aa~wm until maturity. botb princtipal an¢ interest bei~~~;
payabk ie la~v[ul moasy ot the United States at 2241 Biscryne Btvd~ Miami, Florid~, or at auch other plaoe as the hdders her~•~~i
may de~mts M wni~inf. Pracipal and intercst pryabk in instaWnenb as foYows: •
ONE HUNDRED ($100.00) DOLIARS per month beginning on the i
lSth day of June, 1979, and continuing on the 15th day of
each and every month thereafter until paid in full.
'il~i~ nde way be pnpaid in Mhuk w in part at any time upon parment ot a penaltr eqwl to ei~t ~eroeat oi tl~e priwelpal w+m p~ep~id.
F.ach ia~Wl~eea! pa~ent ~hall be crediled finl un lhe inlerest due. and Ihe re~ai~ie~ aw p~eipl; awd i~ta~wt ~baM t6enerpan ceue up~r~
- !ht prineiptd so eredited.
The maken aad endonen o( Ihia nule (u~thcr aXrrr to ..aire de~oand~ ~otiu o( ~aw-Nr~ewt aad pwta~ ~wd ia tl~e e.~wt rult ~hall be ewuRhl i
f~x the edleetiaa hereof~ or tl~e iame hu to be cdlected upun demand ot aa attorner. b N~ reuoa~ble ~t~orner's teM tar ~1~ w~d~ edleetioa
•~(K~ W) ihad bnr inleresl at the rate oi tta pertenl'er awau~ fro~ eatrritr ~wW paid !
i
na noic a ta~u~ti 6~ a matip~ c~i ~v?ii ~7alt herew ~ih and ir io be Co~ateYeli awd ewiweed ~eoo~ill~ to We Lw~ oi iile 5iate o[ Florida; upon
detautt in the psYment of principal and/or interrst when due, the rhok au~ oi sad Mte~est ra~ainiK wMi~ idl, ~t the opoow ot 1he
hdden. beew~e immedisldy due and payable.
'S/ ~ (SEALI '
.
S (SEAL 1
r.~.~~ ~r s~~d~r s~~R, Atturoep- 2240 Bri.eaYne Blyd.. M~..~~
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and shall perform, comply with and abide by each and eMery the stipulations. agreements, COAd1~lOIlS illd COYtll~qb Of
said promissory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. .
1. The Nortgagor hereby covenants and a~;rees:
(a1 i•, pay all and SIfI~LI.If thr pnn.~pal ~nd iNtrcst ,nd ~~tArr sum, ~~f mune~ payaM1lr b~ virture of said promissory note and this detd,
or r~thrt, prumpllc ~,n Ihr drys rrsprc:hrly thr ~amr srcrrnlly hrcume~ due.
(h) T~~ prrmrt. :~mmit ur wthr rH, wa~1r and tu mainta~n the improvements at alt times in a state of good repair and condition, and to do
or prrmit d~ hr d~~nr to said prrm~stti n~,thing that will sltrr ur change the uu an~ chsncter of said ptoperty or in any way ~mpait w
' N•eakrn thr,r.urity ~,f thia mortgage.:~nd in rasr ot the refusal, ntglect or ina;,i~rty of the Aturtga6or to repair and mainUin said propetty,
the ~turt~eager mav, ri hic npu~,n. makc such repairs or :ause thr samr to be made, and sdvance moneys in that behalt.
fc) in p~> ,dl and ~~ngular the taarti. a~~e~ mrnt,. Irvies, GahiLties, and oA6gations of every nature on said dexribed ptoperty each and
r.~rrti whrn dur rnd pateblr accurdmg to I~N, hrfurr the~- hrcume Jeliyuent, and to dtlirer to Ihe Mortgagee on or before ~1uch I Sth of
earh ~rrr ta~ rect~pts e~~dencmg Ihe paymrnt ot all lawfully ~mpoxd taxes tot the preceding calendat year,to indemnify the Mortt~6a
upun h~s demand tor atl taaes. asxsunents and charges that may he assesxd upon this mortgage on the indeCtalness xcuted hereby, and
pa~d h~ :he murtKagee, without regard to an} Iaw heretoforc enactrd or hereaRer to be enacted imposin` payment of !he whole o~ sny
part thrreof upon the Slartgagre •
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` (d) 7 o pay all and sin~ular the cu~ts, charRes and rapenses, including lawyen' fees and abstnct costs reasonably incurred or psid st any
hme hy the 1lortgagce hrc~use of thc failurr on the part uf the Morlgagor to perform, mmply with and a~ide by each and evety the
` ctipulat~urn, agreements, conditicwns and covenants of said promissixy note and this deed, or either, and erery such payment shall ~eu
~ intnrrst frum datr at the nte uf ten (!0`:F) pcr centum per annum.
~ (r) It ~s furthrr rom•rnanl~l and a~rerd by ~aid parties that in the event of a suit bein` instituted to foteclose this mort~aQe, the MoR-
~ Sagee shsll hr entrtlyd to appiy at any time pend~ng such f~xeclosure suit to the court havinQ jurisdiction thertof for the appointment of
~ a receiver nf all and smgular the mortgaged property, and of all rents, incomes, profits, iuues and rertnues thereot, from whstsoever -
~ Y~urce denrrd, and thrreupun it is hrrrby rxpressly cunvenanted and a~reed that the Couti sha0 torthwith appoint such reteiver with the
? usual poNers anJ duties af recriverc in ~ike cases: and said appointmrnt shali be made by the court u a mstter of strict ri~ht to the Mort-
} Ragee, an:1 wflhout reference to ihe adeyuacy or inadequacy ot the value of the property hereby mortsa=ed, or to the solvency or infol-
:
, venq• ot thc M~,rtgagon ur any otha~ puty de(endant to such wit. The INortga6or heteby specifically waives the ri~ht to object to tht
sppu~ntmcnt uf a recei~er as afurrsaid and hereby expressly consents that such appointment shall bt msde as an admitted equity aad ~t a
~ matter nf ~hwlute riRht to the Mortgagee and tAat the samr may be done without notice to the Mort~ssor.
t •
~ (f~ If toreclosure procerdmgs should be iaatituteJ aaainst the p?uperty covered by this mort~age upon any other lien or claim whetha
R allegrJ to he superiur nr junior t~ ~he lirn of Ih~s mortgage, the Mortgagee msy at his option immediately upon institution ot such suit or
2 during the pendrncy thenof declare this mortgage and the indeMedness secured hereby due snd payable torthwith and may st its optan
~ proceed to forccluse th~s muttgage.
~ (gl That the ~tortgagr.r wilt kecp all real and prrsnnal prope~ty now or hereafter encumbered by the lien of this mort~a6e insured as may
. be rrquirad frc~m time tu timr h~ the Mortga~tre agamst kiss of fire, windsturm and other hazards, casualties and mntin~encies for such
perH~ds a~d tor not Irss than such amounts as may be reyu~rrd by the Mortgasee and to pay promptly when due all premiums fot such ~
insurance ihe artu~unh uf insurance required by the ~lortgagee shall be tqe min~mum amounls fot which said insutance shaU be written
and it shall he incumbent upon the Mortpgor to mainuin such additicwnal insurance u may be necessary to meet ~nd comply fully with sll
~ co-~nsur~nce reyuuements ~ronuinnl in said policies to the end that the said Mortsagor is not a co-insuror tAereundet. Inwranee shdl be
s wriuen by a azmpany or cumpames apprwrd or des~gnated hy the ~lortgagee and all polecies snd renewsls tAueot shall be Aeld by the
Mortgagee. All deta~kd desi6nations by 1he MortgaRor Mhich are accepted by the Moct~agee and all a~teements between Mort~a~or and
Nortgagee rrlating to imuranct, now existing or hereafter made, shall be in writing and shall be a part of this mort~age s~reement u fullr
u thoush ul (orth vert+ahm herein and ~hal1 6orrrn both parties hereto and tAeir successors and assi`ns. No lien upon any of s~id policies
of ~nsunnce o? upon any refund or return prem~um which may be payable on the cancellation ot termination thertof, shaU bt ~iven to •
other than the N~~rtgagee, eicept by proper endorsement affixed to such po~icy and approved by iNort~s~ee. Esch poliey of insur~net
shall have afficed thereto a Standard New York Nortgagee Claux w~ithout Contribution, makin~ all bu or butf under such politr
: pa>able tn the !dor~gaRee as ils interest may appear. In the erent any sum or sums of money become payable lhereundet the Morip~~e
; shall have the uptlon to recerve and apply the same on account of the indebtedness hereby secured, or to permit the Morl~s~or to ra ~
~ ccive and use it, or any part thercof, without tAereby waivins or impairini any equity, lien, or rijht under snd by vittue of thb mott-
~aae. In event of b:s or physical damaae to the mortsased,property' 1he Mort~a~or shall sive immediatt notice Ihereot by mail to tM
~ Mort`a`ee a~d the Mortsa6ee may make proof of loss if the same is not made promptly by the Mott~or. In event of fwecbsure ot
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