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Home My WebLink About1952 , ~ry ~ J~i~ • rROVIDED, ALWAYS, that it the Mortjaaor shall pay unto the Mortgagee the intlebtedt>as evidexed by a tn~taitt protttittlary Rote of which the fogowirta is words and fiattrp is s true copy to-wit: - f` • '1h~lga~ • ~di~tt' 15.425.00 Fort >~ierce, Fltxida February 27, I~ 79 + FOR VALUE RECEIVED WEa jointly and severally promise to r,. the order of WILLIAM GROOH AND JOAN GROOH, HIS WIFE Wy ~ t IIIC principal sum of F2FTFFJII THOUSAND FOUR HUNDRED TWENTY FIVE -------NO/100pOL(,ARS, t •+t:ether with interest thereon from date at the rate of ten percent. per annum until maturity, both principal and interest beinE +.t~:thle in lawful money of the United States at 224 Biscayne Blvd, Miami, Florida, or at .uch other place as the holden hereof tttay designate in w•ritins. Principal and intemst payable in installments as follows: THREE HUNDRED ($300.00) DOLLARS per month beginning on the 15th day of May, 1979, and continuing on the 15th day of ~ each and every month thereafter until paid in full. this ns•tr• map be prepaid in whole or in part al any time uptNt payment of a penally e•yual to eidtt percent of lht principal rum prepaid. t•ar•h iastaUmewt paymewl rball be tredited Cusl fret the inltYeYt due, and the reminder on pritseipal; sad interest rluU !hereupon rase upon i pnnripa) w credited. t I Itr makers amt endorsers of this note forth: r agree to waive demand, notice of non•payraeat toad protest, and iw the erewt wit shall be brought i ti collection hereof, or We same has to be crtUeMed upon demswd of an attorney, to pay retitowabk attorwer's tea roc making ssrdr cailetetian. i tt•terred paT meats hereunder rhaU bwr iwteresl at the rate of ten percent per annum from rwattrritY ueW paid. I hi+ rtutr• is se•eurttd by a mortgage of hen dale herewith and a to be eowatrued and enforced aecore~iwg to the (errs o[ the Slate of Florida; trpow ,+.!t in the payment of pritteipal and/or intere.l whew due, the whole sum of principal sad interest reoainiag tswpaid shsll, al llte rtptiow of the .I..., Irccorrt~ ittwrrediately due and payable. --a (SEAL) s ` (SEAL) pare~b) SlsnleY H. Spiels, Attorney- Z'40 B'iscaytse Bhd., Miami Ronda r i and shall perform, comply with and abide by each and even, the stipulations, agreements, rnnditions and covtenanb of said promissory note and of this deed, then this deed and the estate thereby created shall ceue and be null and void. 1. The ~torlgagor hereby covenants and agrees: la! T~+ pe. :JI m,f .m~ular tha• prin:tp:J and rrtrrra end ~~thrr ;um. of m.+:•ry payable by vuturr of said pn+miswry note aril this deed, ur rHhrr, pn+mptl: ~.n the J:+}'s rr.l-r.ttsrly tha• ~eme srsrrell} r`r..~mr. stir (hi T++ perms, ~:~muut r~r suffer nu waste and to ma+nta+n the +mprusemrnts at all timee in a Starr of good repatr and condition, and to do or prnnit u. hr d•+nr to stud rrrnusrs n:xhinw that sail! ettrr ++r choose the use and chanctrr of said property ur in any way tmpsir of weaken the srcunty of this murtEagr..•;nd to ;asr of the refusal, nrttlrct ur inah+lttp of the Mortgagor to repair and maintain said property, the ~k+rtz.tgrr may. at his ++ption, make Stith rrpatrs ur cause the sonic [o he made, and advance moneys in that behalf. Tu pay ell ~nJ .insular the taxes assessments: levies,,. 5ahrlittes• and ubhgations of every nature on said described property each and even when due end pavahtr aarnrdmg to less+, before the} become drliyuent. and to deliver to the Mortgagee on or before March 1 sth of each >rar tau rccript. evidencing the payment of all tawfullc imposed taxes for the preceding calendar year:to indemnify the Mortpgte upon hts demand for all taxes, as_+essmrnts and charges that may he a>xssrd upon this mortgage on the indebtedness secured hereby., and j pats he the mortgagee: without regard to any law heretofore enacted nr hereafter to be enacted imposing payment of the whole or any part thereof upon the ~tortgager ! Id) Tu pap all and singular the costs, charges and rxpenxs. including lawyers' tees and abstract costs reasonably incurred or paid at any time by the ~Sortsagre hesausr of the failure on the pan of the Mortgagor to perform, comply with and abide by each and every the stipulations, agrremrnts, conditions and covenants of said promissory note and this deed, or either, and every such payment shall bear interest from date at the rate of ern (10;r? per crntum per annum. I (e? It is further cum~cnanted and agreed by acid patties that in the event of a suit being instituted to foreclox this tttortgage, the Mort- f gager shall he rntitlyd to apply at any time pending Stich foreclosure wit to the court having jurisdiction thersof for the appointment of ' a rrcener of all and singular the mortgaged property, and of all rents, incomes, profits, issues and revenues thereof, from whatsoever source scours. and thereupon a is hrrrbp rxpresslp :ronvenanted and agreed that the Court shall forthwith appoint such receiver with the r usual pvwrrs and duties of receivers in like cases: and said appointment shall be made by the court as a matter of strict right to iht Mort- gagee, and w•ithuut refezrnce to the adequacy nr inadequacy of the value of the property hereby mortgaged, of to the solvency or insol- ' vency of the Mortgagors or any other party defendant to such wit- The Mortgagor hereby specifically waives the right to object to the i appointment of a recrirer as aforrwrd and hereby expressly conxnts that such appointment shall be made as an admitted equity and as a matter of absulutr ri¢ht to the Mortgagee and that the same may he done without rtotice to the Mortgagor. 1 (ft If foreclowre pracerdmgs should he tnstttuted against the property covered by this mortgage upon any other lien or claim whether atlegrd to be suptritx or junior to the lien of this mortgage. the Mortgagee may at hu option immediately upon institution of such suit or 8 during the pendency thereof declare this mortgage and the indrhtedneu xcured hereby due and payable forthwith and msy at its option proceed to forrcluse this mortgage. i . (g1 That the Mortgagor well keep all real and pers.+nal pn+perty now or hereafter encumlxrtd by the lien of this mortgage insured u may he regwred from time to time hp the Murtgattce against bss of fire, vvmdstorm and other hazards, casualties and rnntingencies for such periods and for not Irss than such amounts as may be required b~ the Mortgagee and to pay promptly when due all premiums for sucA insurance the amounts of insurance required by the '.lortgagee shall be the minimum amounts for which said insurance shall De wrltlen and it shall he incumbent upon the Mortgagor to maintain such additional insurance as may be necessary to meet and comply fully with all co-tnsunnce requirements contained in said pulines to the end that the said Mortgagor is not a co-insuror thereunder. Insurance shall be written by a company or companies approved or drsignatrd hp the Mortgagee and all policies and renewals thereof shall be held by the Mortgagee .411 detailed drsgtnations by the Mortgagor which art accepted by the Mortgagee and all agreements between Mortgagor and Mortgagee relating to insurance. now axisting or hereafter made, shall be to writing and shall be a part of this mortgage agreement ss fully as though set forth verhahm herein and shall govern troth parties hereto and rhea successonand assigns. No lien upon any of slid policies of insurance or upon any refund or return premium which may be payable on the cancellation or termination thereof, shall btgiven to other than the Mortgagee, except by proper endorsement affixed to such policy and spprored by Mortgagee. Each policy of insurance shall have affixed thereto a Standard New Ynrk Mortgagee Claux without Contribution, making all bss or bsses under such policy f payable to the Mortgagee as its interest may appear. In the event any sum or sums of money bernmt payable thereunder the Mortpgee shall 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 ux it. +rr any part thereof, without thereby waiving or impairing any equity, lien, or right under and by virtue of Iha tstort• gage. In event of bss or physical damage to the mortgaged property' the Mortgagor shall give immediate notice thereof by mat! to the Mortgagee and the Mortgagee may make proof of loss if the same is not made promptly by the Mortgagor. In event of forecosure of {s•yr . - gQ~.3U6 oA~:1950