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Home My WebLink About0623 ,~1 ~ ,~J PROVIDED, ALWAYS, ~hat if the Mortgajor shal(-p~y uato thc Mortasjee the indebtedness evidenced by a aaR~ promiuory note o[ wfiich the fidlowing in wocd: and tijures is ~ tnu copy tawlt: F ~ .~oi~ar~jre ./~o~e ~',s 9.425.00 Fort Pierce, F~~;~ April 25, .~9 79 FOR VALUE RECEIVED WE~ io ~y and 8everallv promise tap.y ~o a~ ~ TRA Fi AFR - ~ ' NTNF THOUSAND F'OUR HUNDRED TWENTY FIVE - - - - - - -NO/ 100 ppLUrts, the principal sum o( y; to~ether N•ith interest thueon frvm date at the nte ot ten percent, pe~ amwm uatil m~turity. both priacipd and intccest bein~ k ~ payabk in lawid money ot the United States st 2244 Biscayne Blvd, Miami, Florid~, ot at wch ahes pisoe as the holden hereot ~ i may designate in writint. Principsl and intercst p~ysbk in installments as [ollows: ONE HUNDRED NINETY FIVE ($195.00) DOLL.ARS per month beginnfng on the lSth day of July, 1979, and cantinuing on the 15th day , t~ of each and every month thereafter until paid in full. ~i r; ` t 7Lis note ~ur be rrqaid iw ~vl~ok w iu parl st an) ti~e ~on paYa~cwt ot a'ewaltr eqwl to ~t pe~c+est ot tlw ~eiMl wu~ ~id• Fid~ imtaH~ewt ~arwwt iar 6e erodited Cn1 oa I~e i~~ere+~t dre. ad Ibe ~erider ow'ei~cipal: asd iwtNMt ~ha~ the~eyon eea~e ~pon . Ihc'rircipal ~oereiiled. i 7Ue aakas a~d ~wiwsw+ d thi~ wole [rrd~er aRee to Maire derwa~d. no8ee ot waa-pa~wt aai ~otat, a~ iw dw e~t wit ~WI be 6rord+~ i f~x tl~e eoUertiow Aersof, or We ~e has to re edlected rpo~ ie~aw~ ot au attwwe~.lo pq ewow~lN ~ttorwer'~ (MS tor inki~ we? eaYeetian. De[e~red pY~ewb I~ernder ~ar bear iate~cst a1 1re rale ot te~ pereeat ~~w~ws trow ~t~it~ unW ~ This oute is seeurei bY a ~eort~c d erew dale hererit6 awd i~ to be cu~sttied and ewforee~i ~eeordin~ to Il~e lar+s o( the Sute oI Florida; ~p.m ~ d~(arlt in tAe p~Ysewt o[ pRnd~al aml/or inlaesl ~M•n dw, the whde ~um ut priweipal aw~ iwterat remaini~ un~aid ~Aalt. at ~he uption o( tl~~ hdders. beew~e imwedialdr dre and piYable. ; S ~ 1~ tB ~ (SEALI 1 ~ ~ t'~Gi~1/1? ~SEAL) ~ Pn~ared by Stanley N. Spieler. Attorne~ = Zbll 8'isca~ oe Blyd., :Nismi }luriJa E- and shall perform, comply with and abide by each.and every the stipu{ations, agreements, conditions and covenants ot said promisson~ note and of this deed, then this deed and the estate thereby created shall cease and be null and void. I. The Nortgagor hereby co~enants and agrees: ~a? lu pay ~II end vneular tAe pnn.ipal and ~ntrrrst and uther sum~ uf muney payabl~ by cirturc of said promissoty notr and thi~ deed, ur erther, ptumpNy on thr days resprchvrly thr aame sevrr~lly he:omrs due. . (h) To prrmil. c~~mmit ~~t suftrr n„ ..acte anJ to mamtain thr impro~rments at all times in a statr o! good repair and condition, and to do or permrt u~ he d~~nr to ~iid prrmisrs noth~ng that wdl alter or change the ux and character of said~ propetty or in any way ~mpair or ~+•raken thr +reunty «f th~s mnrtgade. And ~n c~u nf thr rrfutial. nrgleCt or inabdrty of the Murtgagor to repait and maintam sa~d propetty, the ~tort¢agrr may, at hia nptinn, make wch repaus ur cause thr vme to be made, and advance moneys in that behalf. (c) Tc~ pay ait art.3 s~nFUlar thr tetrc. e~se.+mrnt~. Ir~~rc, liabilitirs, and ubligatiuns of every nature on said drscribed property each and ererp ~+h~n due end p~~ ~hle acc~~rJ~ng tu la~. heforr they hecome drfiyurnt, and to deliver to the Alortgaget on ur be[ote March 1 Sth of ! each ~rar t~~ r..r~pt~ r~iJ.:ncing the paymrnt of all law(ully imposrd taYei fot the pttce;iing cafendar year;to indemmfy the Mott6~6K t up~~n his drmand f~r a0 texes. accectirnrnts and rhargr~ that may be assessed up~n this murtgage c~n the indebtedness secured hertby, and f Paid by ihe mortgagrr. wi[hout rcgard u~ any~ law hrretofore enactrd ~r heceafter to be enacted imposi~ paymtnt of the whole or any ~ part thereut upun thr titurtgagrr. ~ (d) T~~ pay all an~i c~ngular thn i~ntti, .turges and rxpenses, including lawyrn' fens an:1 abstrait costs reasonably incuned ot paid at any time h~ the Mortgager hrcau~e ~~f the failure un the part uf thr Mortg~gur tu pertorm, comply with and abidt by tach and every the { stipulatiuns, agrermrnts, cc~ndrtions and cuvenants of said promissory note and this Jetd, or either, snd every such paymmt shsll beu ~ ~n~rrest from date at the nte ut tcn ( IO:F) per centum per annum. ~ (e1 It n further cunvrnanted and agrerd by saN1 parties lhat in Ihe evenf of a suit btins instituted to foreclose this mort`aQe, the Mort- gagce shall hr rntiNrd ~n apph a[ an~~ umr pend~ng wch torccluwre suit tu thr court having jurisdiction theteof fot the appointment of ~ a rrcrner ~II ~nd ungular tl~e mortgaged prnperty. and of afl rents, incomts, proirts, issues and revenues thereof, from whstsoever wurce drncrd. and !hrrcupun it is herrAy raprecsly cumenanttd uu1 agreed that the Coutt shall forthwith appoint sueh teeeivet with the u~ual p~~~erc and Juties of rrcri~•rrs in like rases; a~d tiaiJ appointment shail be made by the court as a matter of sttict ti6!?t lo the Mort- gagee. and ~+ithout referrnce to the adeyuacy or inadequacy of the value of the property heteAy mortEa~ed, or lo the solvency ot insol- vcncy of the Mortgagorc or any othrr party defendant to such wet. The Mortgagor hereby specifically waives the ti~ht to objeci to Ihe ~ppuintmen! ~~f a rrcr~vrr as afurcs~id and hereby rzpreul}• cunxnts that wch appointment shall be made u sn admitted equity and as s ~ matter ahwlutr right t~~ [hr ~inrtgegre and that the ume may he done without noUce to the Mortgagor. ~ It? If (oreclusure proceedmgs shuuld he ~nstdWed aga~nst the property covered by this mortgage upon any other lien or daim whether allegeJ ro Ae superior ~~r ~uniur tn the lierr of this morlgage, the MottEagee may at his uption immediately upoo institution of such suit ot dur~ng th~ penJrr.cy thrre~~f declare this mortgagz and the indrbtednru secured hereby due and payable forthwith and miy at its optan ~ proceed tu furecbse th~s murtgagr. ~ Ig) That the ~iortgagor wi11 kerp all rral and prrs~~nal property now or hereafter encumbered by the lien of this mortsa`e insured u m~y be reywred trom tlmr tu umr Ac the tilur~gager ~gainst bss of fire, windslorm and other hazards, caswlties and mntin`encits for such penods anJ (ot not Irss than wch amounte a~ m3y br reyuirrd by the l?tortgagee and to pay promptly when due all premiums fot sucA ~ inwrance Thr amounts ~~f insuran.e reyuirrd hy th~ ~iortgasee shall be thc minimum amounb fur which said insuraoce shall be wtitten and rt shall hr incumbrnt upon the Mortgagur to maintain such additional insurance as may be neceuary to meet and comply fully with all ' co insurance requiremrn~+ a,ntained in sa~d policies ro the end that the said Mortga~or is not a co•insuror thereunder. Inwrance shall bt ~ } w-ritten by a a~mpany ~tt companies approrrd or des~gnated hy thc Mottgaget and all policies snd rrnewsls thereof shaU bs held by the a Mortga6ee. All detailed designatiuns hy the ~lortgagor which are accepted by the Mortss6ee and all qreements between Mottp~or snd ~ ~lortgagee rclatin6 to ~nw~ance, nuN~ existing ot hereatter made, shal! bt in writing and shall be a part of this mort~e s~retment u fully ~ as though set forih rrrbat~m herem and shall govern both parties hereto and their successors and assi~ns. No lien upon any of ssid policip ~ of msurance ur upon any refund or rrturn premium which may be payable on the pncellation or termination thatof, shall bt ~hen to a other thnn the N~rtgagee. except by prope~ endorsement atfiaed to such policy and approved by Mort~a~ee. Each poliey of insunnee ~ shall have affixrd thereto a Standrrd New York Mortgagee l'lause without Conlribution, makin6 all bss or bsses under such polier payablt tn the ~1orlgagee as its ~nterest may appear. In the erenl any sum or sums of money become psysble thereunder the Morl~t~ee shall have the nption to rece~re and apply the same on account of the indebtedness hereby secured, or lo permit the Mott~s~or to re- ce~ve and use it, or any part thereof, wrthout thereby waivin` or impaitin6 any equity, lien, ot ri~At under ard by »rtut of Ihis mort- ~ ~ sase. In e~~ent n( loss or physical damage to the morlsa6ed property the Mortaa~or shsll 6ive immediate notice thereof by msil to the Mortga`ee and the Mort~agee may make proof ot loss if the ssme is nol made promptly by the Mort~or. In event of torecbsute of ~ ; . . 5 ~ • v ' . ~ Sk~ 3~~~ ~ ~acF ~ ~ ~ _ ~ , ~ ; Y `''"SuiY„~'4.t3'p ' = ^'A y ,4~- +~'P"3~ ~ . .Y,` ~ Py. ~x} y.;:. _ . . ~ «~F ;.J.