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Home My WebLink About0616 ~ ~.~1 ~ ~ ~ PROVIDED, ALWAYS, that i~ the Mo~t~a~or shall pay unto the Mort~agee the indebtedne~s evidenced by ~ oertain promi:wry note o( which the following in words and fi~ura ~S a ttue copy tawit: • ~~jy«~/e ~ I~2.075.00 Fort Pierce Ma S, 79 s Fia~a. Y i 9 . ` FOR VALUE RECEIVEU I• promix to psy ~ to the a~rder oi ~~C~ RD RNO .D ND ESTFLLE ARNQI,jZ,,,,_ }IIS WIFE _ ~ F`~ ~ . 1 ' j ~he prnKiWl sum of ~10 TEIOUSAND SEVENTY FIVE ----------------------NO/lOQ ppLLARS, ~ ~ogether Nith intercst ihcreun frum date at the rale of ten prrccnt. per :nnum until maturity, both principal and interest being f psyable in lawful m~~~xy of the United Sts~e. at :2~ta Bi.ca> nr Rl~ d., Mismi, Flu~ida, o~ at such other plsce u the holden hereuf ~ i may de.igi~ate in Mrriting. Principal and inte~rs~ payable in i~~.tallments as tollow.: FIFTY ($50.00) DOLLARS pcr month be~inning on the 15th day of July, 1979, and continuing on the 15th day of each and every month thereafter until paid in full. ~ i t! i{ Thia nutr nu~ be pnpaiJ in whulr ~.r in {?ar1 at an~ lim~ up~m p~~ mrn1 uf a prnalty cyual lo ei~1 percenl uf the principsl wm prepaid. ~ch i~nt~Umrnl pay~emt shall br cr~diled fin~ un lh~ intrr~,t Jue, and 1he remain~tr on principal; ~nd iwlereat ihal) tAereupc,n cea~e upon ~ ~ tl~r principal su e~tdiled. The mal.~•n a~d rn~kKSrrs uf Ihi. nut~ (urlhrr axrr.~ to wai~~• dnnand, nulir~ of n~w~ pa)~nl uNl prute~l, anJ io Ihe evenl wi1 ~hall be brou~hl lor ~h. eullectioa h~re~.,(, ur Ihe .am~ ha~ tu br rulkcl~d up~~ Je~nanJ o( an allwneY, t., py rrswoaWe allurner'~ tees tur ~oakin~ wch ealleetiua ` Uefe~rwl pa~~aewts herwnJr~ ahap lKar ader~st al Ih~ ~ate o( I~n p~rnl pe~ an~wn~ fr~ ~watutil) un1i1 paid. This nute iF strund b) a morlpKe of e.ce dale he~rewith anJ i• to br ~unslrued aod enloreeJ aec~xdin~ to tAe bas ot Ihe 3tate oI Elorida; upon j ~ J~faull in tl~~ parment u( principal and;or u~lere.t wl~en du.~, ~h~ ..hol~ sum ot principal snd interesl mnairtin~ ~npaid ~all. al the option ~f the huhlen, brcume immeJialelY due and payaW~. ~ . • ; S F ~sE~~r ~ ~ ' ISEAL) Nreparrd b~ ~tsnk~ IL ~pirler, Alturnry - 2'~10 Hiscs~ne li1~J.. \liuni fl~Kida ' i and shalt psrform, comply with and abide by each and every the stipulations, agreements, rnnditions and covenants of said promissory note and of this Jeed, then thu deed and the estate thereby created s'?all cease and be null and void. 1. The !Hurtgagor hereby co~enants and agrees: ta) lo pa~ ~11 ~nd s~n~ulat thr princ~p~l ~nd intrrcst and uthrr sum~ uf munr~ ~+ayable br virture uf se~d promuwn• nutr and th~s dred, ur either. prumpNy on thc d~~s rrsprct~vrly thr samr sr~rrall> hr~vmas dur. ~hl f~. prrmrt, ~umm~t ~~r ,u(frr n~~ uastr anJ [u mainta~n thr impru~rments a[ all tunna tn a s~ate of goud repa~~ and cond~t~on, ~nd to do ur prrm~t tv br done tu .ai:1 prrmisrs nulhinR that will alter or change the uu and character of said pruperty or in any way impair ot ~.eakrn th~• ~rrunty ~d thl~ m.~rigaar- An.f m ia~t ut thr rrfueal, nrglect or ~nahildy of the Slottgagor to repair and maintain said prupetty, the titurtg3grn may, al hn ~~ptwn, makr cuch repaus ur causr thr samr to hr made, and advance mon~ys in that behalf. lc) iu pa~ all and .~nSUlar ~hr ta~rs. .::~t~smrnh, Irvirs, Iiabililias, anJ ubligations uf e~•ery nature un said described pruperty each and r~rrr when due and pa}3hlr ac~ord~ng tn law, he(orr thr~ Aecome drliyurnt, and tu deliver to thr Nnrtgegee on or before Much I Sth of rach ~ear tax rc..iptti r.~dencmg tt!e paymrnt uf all lawfully imposrd taxes fur the proced~ng calenJar ytat;to irtdemnify the btortgagce upun his drmanJ fur al~ tair., as+e~timrn~~ and ehargrs that may br a.se~srd up~~n this mortgage on the ~ndnbiedness xcured hereby, and ; pa~d hy the mort~agrr. w~~thoul rrg~id to any lew hrretotorr enactril nr hereafter to he enacted imposing paymenf of the wholt ~t any I Dart thercof upon 1he ~lortgagre. i i Id) in p,~y all and smgul~r thr custs, cttargrs and exprnses. including lawyrrs' fersand abstnct costs ttasombly mcurred or paid at any umr hy thr ~lurtgagre hrcausr of tha (ailurc nn the part uf thc :Nortgagor tu perk~rm, comply with and abide by each and every the ~ shputat~ons, aRrremrnh. a~nJmons and covenants of said prumiswry nute and this deed, or tither, and every such payment shall beu ! interest frum date at the r~te of ten (10',~) per centum pet annum. ~ ~ ~e) It iti further cumrnantrd and agrced hy sa~d parUes ihal m the e?~ent of a surt being instituted to fureclose this mortgage, the Mort- ~ gagrr shall hr rntttlyd tn appl~ at rny time prnding such fuceclu+urr suit to thr court having jurisd~ction thereof for the appuintment of a recei~rr uf all and smgular th~ mortgageJ pn.perty, and of all rents, mcomcs, ptofits, usues and tevenues thereof, trom whatsoever wurce deriv~d, and [hercupon rt ii hereb~ rxprr~aly convenantrd and agtrcd that the Coutt shaU torthwitA appoenl such teceivet with the USU3I PON'!fi and duties ~+t rocrn•en m like cases, anJ sa~e1 appointment shall be made by the murt as a matter of strict ri6h! to the Mort- gagce, and N•nhuut referrncr to thr adryuacy or inadeyuacy of the value of [he propetty hereby mortsa~ed, or to the solvency ur insol- vency ot Ihe Mortgagors ur any othrr party defendant to such suit. The Mortgsgot hereby specifically waives the ri`ht to object to the ~ appu~ntment ot a rocr~crr as aR~rnsa~d ar.~ herrby ezptessly consents that such appointment shall be made as an admilted equity ind as a ~ matter nf abs+~lute nght tn the 11~>rtgagee and ~hat the samr may Ae done without notice to the Mortsa6or_ ~ (f? If fixrNosure procrcdmgs shuuld he ~ntiututed aga~nst the prupetty corered by this mortgage upon any other lien or claim whetAer allrgrd to be superNx nr ~uo~i~r to the lien of this mortgage, thr Mortgagee may at his option immediatsly upon institution of such tuit ot ~ dunng thr penJrncy thrreuf drelarc this mortgage an~ thr indrbtedness secured hercby due and payable forthwith and may st its option ~ proceed forcck~se this mortgage. Ig? That Ihe ~tor[~agor will k.rrp ~11 rral and prrx~nal pruperty now or hereaftec encumbered by the liers of this mortpse ~nsured as may s he reyuirad fr~~m hme tu t~mr hy the Murtgagee against bss of f~re, winds~orm and othet hazards, casualties snd contin6encies for such ~ prrNrds and [or ru~t less tAan wch amuunts as may be reyuired by the Mort6agee and to pay promptly when due all premiums for such ~ insunnce The amuunts ot msurance reyuired by the Mortgagee shall he the minimum amounts for which said insurance shall be written ~ and rt shall he ~ncumbeua upon the Mortgagor to ma~ntain such additional insurance u may be neceuary [o meet and comniy ful{y with all ~ co-inswance requirrments cunta~nrd in sa~d poGc~es to the end that the said Mortga~or is not a co-insuror thereundet. Insurance shill be ~ w-ritten by a company ur cumpan~ns approvrd ur drs~gnated by the Mottgagee and all poGcies and renewals thereof sfull be held by lhe ~ Murtp;ce ~11 detaileJ Je~~gnations by the Mortgasor which are accepted by the Mortsagee and all a~reements between Mort~a~or and x MoKgagee relat~ng to intiurance, now existing or hereafter made, shall be in writing and shall be a part ot this mortp6e s~reement at fully as ~hough iet forth verhatim hrrein and shall govern both parties hereto aod their successors and assians. No lien upon sny of taid policies ' of msunnce ur upon any refund or return premium which may bc payablt on the caneellation or terminalion thaeot, shall be ~iven to ~ other than the Llort6agee, except by proper endonement affixed to such policy and approved by Mortp`ee. Each policy of insunnce shall have affiird thereto a Slandard New York Mvrtgagee Clause without Contribution, makin~ a11 bss or bsses under such policy ' ~ payaAle to the MortgaEee as its ~nterest may appear. In Ihe event any sum or sums of money become payable Ihereunder the Mortp~ee shall have the option to rccervr and apply the same on accuunt of the indebtedness herebr secured, or to permit the Mortji~or to re- ce~re and ux it, or any part thereof, without thereby waivin6 or impairin~ any equity, lien, or ri~ht under and by virtue of thb mott- ~ ~s`e. In cvent of bss or physical damase to the mortsa6ed property the Mortsa~or shall ~ive immediate notice thereof by m~it to lhe . Mort~atee and the Mort6asee may make proof of loss i( the same is not msde promptly by the Mott~or_ In event of toretbsur~ of ~ • i • . ~ ~ ~ ~~~9 . ~ ~3~.r .'AC: _ $ ~~z~ < ~s ~Y.,z~ ~~x ?.5 . ~f-~'