HomeMy WebLinkAbout2455 rROVIDEO, ALWAYS. that it the Mortp~or :haft pq wtto the Moittitlgee the iadeatsdgtag evidenced yr • oat~tait !
~rewMa~y Dale of which the !ollvwitt~ V words and ~ is • true ooNy to-wit:
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Fort Pierce, Florid, June 6. 19 79
s. 6,850.00
,,{p ~FOpR(VALUE RECEIVED ~TTni,,, nt-l~q ,rend gayE±rA7 lv promise to pay
' ` tCC~KLJLU E tr '
the principal sum of S D DOLLARS,
together with interest thereon from date at the rate of twelve percent, per annum until tnalurity, both principal and interest being payabk in
lawful money o(the United States at 2244 Biscayne Blvd.. Miamt, Florida. or at such other plan ss the holders hereof may designate to wrtuna.
I'nncipal and tntercst payable in installments ss follows:
ONE HUNDRED THIRTY FIVE ($135.00) DOLLARS per month beginning
j on the 13th day of August, 1979, and continuing on the 15th
day of each and every month thereafter until paid in full.
This note may be prepaid in whok tx in part at any time upon payment of a penalty egwl to five(596) percent of the principal sum prepaid.
' The loan evidenced by this promissory note has been made pursuant to Chapter 656. Florida Statute u authorized by bg7, l2, Florida Statutes.
and the payee herrin hu made the loan through a litxnsee order Chapter 494, Florida Statutes.
Each installment payment shall be credited first on the interest due, std the remainder on principal: and interest shag thereupon cease upon the
principal so credited.
The maken and endorsee of this note further ogres to waive demand, notice of non-payment std protest, and in the event suit shall be brought .
for the colketion hereof, or the same has to be eolkrted upon demand of an attorney, to pay rcasonabk attorney's foes for rriaking such colke-
tion. '
' Deferred payments hereunder shall bear interest at the ratr of twelve percent per annum from maturity until paid. ~ .
This note is secured by a mortgage of even date herewith and is to be coast rued and cnfortxd according to the laws of the State of Florida: upon
default in the payment of prittctpal and/or interest when due, the whok sum of principal and interest rctnainirtg unpaid shall. at the option of
the holders, become tmmedtately due and payabk.
' S _ (SEAL)
t - i ~ ~ (SEAL)
~ Prepared by Stanky N. Spieler, Attorney -2240 Biscayne Blvd., Miami. Florida
aid tlttaY pxrfogaa, comply with and abide by each and every the gtipulatiaeg, agroatkats, oonditiong and cov~egtagtb at
Maid premimoey wee and of this deed, then this deed sad the elate thereby txeated ghat txage and be nett! and void.
l . The Mort'agor hereby rnvenants and agrees: ~
(a) To pay all and singulu the principal and interest and olhu sums of money payable by virture of said promiswry rate and this deed,
or either, promptly on the days respedivcly the same seruaUy becomes due.
(b) To permit, commit or suffu ra waste and to maintain the improvements at all times in a state of good repair and conditba, and to do
or permit to be done to said premises nothing that will alto or change the ux and chuacter of said property or to any way impair or
' weaken the security of this mortgage. And in cox of the refusal, neglect or inability of the Mortgagor to repair and mtiatain said property. -
the Mortgagee may, at his option, make such repairs or caux the same to be made, and advance moneys in that behalf.
(c) To pay all and singular the razes, asxssments, levies, liabilities, and obliptions of, every nature on said described property each sad
'k every when due and payable ucordirrg to law, before they become deliquent, and to delivu to the Mortgagee on or before Much 1 Sth of
each year tax receipts evidencing the`pa~ment pt all lawfully imposed taxes for the preceding cakndu yeu; to indemnify the Mortgagee
~ upon ha demand for aU fazes, assesiments and chuges that may be assessed upon this mortgage on the indebtedness secured hereby, sad
paid by the mortgagee, without regard to any law heretofore enacted or hereaftu to be enacted imposing payment of the whole or any
~ part thereof upon the Mortpgee.
' (d) To pay all and singular the rnsts, charges and ezpenxs, including lawyers' fees and abstract costs reasonably incurred of paid at any
time by the Mortgagee beaux of IAe faUure on the put of the Mortgagor to psriorm, comply with and abide by each and every the
stipulatbns, agreements, mnditans.and cotenants of said promissory note and this deed, or either, and every sucA payment shall beu
intuest from date at the rate of tut (10')6) per centum per annum.
(e) It is further rnnrenanted and agreed by said parties that in the event of a wit being instituted to fottdox this mortgage, tlx Mort-
` ogee shall be entitled to apply at any time pending such foreclosure wit to the court daring Jurisdiction thereof for the appointment of
~ s receiver of at: and singular the mortgaged proputy, and of all teats, incomes, profits, issues sad revenues thereof, from whatsoever
€ source derived: and thereupon it is hereby expressly eonrenanted and agreed that the Court shall forthwith appoint wch receiver with the
usual powers and duties of receivers in tike cases; and said appointment shad be made by the court as a matter of strict riyit to the Mort-
pgee, sad without reference to the adequacy or iaadequscy of the vahre of the property hereby mortgaged, of to the sohsncy or ineot•
rency of the Mortgagors or any othu putt' defendant to such wit. The Mortgagor hereby specifically waives Ids right to obJeet to the
appointment of a receiver u aforesaid and hereby ezprsssly eoasents that wch appointment shall be made as an admitted equity and as a
matter of absolute right to the Mortgagee and that the same may be done without notice to the Mortgagor.
(f) If foreclosure proceedings should be instituted against the property covered by the mortgage upon any other lien or claim whether
alleged to be superior or junar to the lien of this mortgage, the Mortgagee may at his option immediately upon institution of such suit of
t .during the pendency thereof deslare this mortgage and the indebtedness secued hueb due sod
y psyabk forthwith and may st its option
proceed to forccbx this mortpge. -
(g) That the Mortgagor will keep all real and personal promuty now or hereafter encumbered by the lien of this mortgage iaawed as may
` be required from time to time by the Mortpgee apinst bas of fire, windstorm sad other hazaMs, casuaHies and oontingenciss for such
$ perads and for not less than wch amounts as may be requred by the Mortgagee and to
pay promptly when due all premiums for such
insurance. The amounts of insurance required by the Mortgagee shall be the minimum amounts for which nid inatrancs aba9 be written
and it shall be incumbent upon the Mortpgor to maintain such additional insurance as may be necessary to meet sad comply fully with all
_ oo•insurance requirements contained in said policies to the end that the said Mortgagor is not s eo•insuror thereundu. lasuraMe shall be
written by a company or companies approved or designated by the Mortgagee and all policies and renewak thereof shall be held by the
Mortgagee. All detaihd designations by the Mortgagor which are accepted by the Mortgages and all agreements between Mortgagor and
Mortgagee relating to insurance, now ezisling a hereafter made. shall bs in writing and shall be a part of this mortgage agreement as fully '
as though xt forth verbatim herein and shall govern both parties hueto std their wcceaaors and assigns. No lien noon say of said poUcia
of insunnu or upon any refund or return premium which may. be payabk on the ancellatbn or terminstba thereof, shall be given to
othu than the Mortgagee, except by propu erdorxment aflized to erred policy and approved by Mortgagee. Each polity of insunad
shall hate affizcd thereto a Standard New York Mortgagee Clause without Coatributbn, making all bu or bsaa under wch policy
payable to the Mortpgee u its interest may appear. In the event any wm or sums of money become payable thersundsr tM Mortgagee
shall hate the Doran to receive and apply the same on account of the indebtedness hereby asenasd, or to permit iM Mortgagor to te-
ceive and use it, or any part thereof, without thereby waiving or impairing any equity, lien, or right uadav and by vktsle of ttris tttort-
pgs. In event of bas or physical damage to the mortgaged property the Mortgagor slrsU give immediate ranee therwf by mall to the
Mortgagee and the Mortgagee may make proof of loss if the same is not made promptly by the Mortgagor. In snot of forscloscrs of
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