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Home My WebLink About2458 3 PROV WED, ALWAYS. that if the Moet~or :tiaV pay ttato the Yatjyee the ~debtedttesa erllie>ioai rjr ~ ot~ailt protttir~ry ttlNe of which the tollowiaS 4 wads nerd tiSut~ b a true Dopy to-wk: ~ a~V~ Fort Pierce. Fla;da June 6, 19 79 z,~t,~o i FOR VALUE RECEIVED I promise to pay . to the order of IRA G LBER • the principal sum of EVEN THOUSAND ONE HUNDRED ZWENTY IVE DOLLARS, + toether with interest therctw from date at the rate of twelve percent, per annum until maturity, both principal and interest beili8 payable in lawful money of the Unitod States at 2244 Biscayne Blvd.. M iamt, Florida. or at such other platx ss the holders hereof may designate in writing. Principal and interest payable in iltstallrnents as follows: • ONE HUNDRED TWENTY FIVE ($125.00) DOLLARS per month beginning on the 15th 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 whole or in part at any time upon paymottt of a penalty equal to five(596) percent of the principal sum prepaid. The loan evidenced by this pr note has been made pursuant to Chapter 656. Florida Statutes u authorized by 687.12. Florida Statute:. ~ std the payee herein has made the loan through s liattsce under Chapter 494. Florida Statutes. Each inriaUment payment shag be credited first on the interest due. and the remainder on principal: and interest shall thereupon case opal the principal so credited. "(lie maters and endorsee of this rate further agree to waive demand. notice of non-payment and protest. and in the event slat:hall be bro ht ~ for the collection hereof. a the same has to be collected upon demand of an attorney. to pay reasonable attorney's fees for ticking such col~- Lion. - 't Deferred payments hereunder shall bear interest at the rate of twelve percent per annum from maturity until paid. This note is secured by a mtxtpge of even date herewithand is to beconstrued and enforced aaording to the laws o[t State of FlOrldi:upon default in the payment of principal arid/ a interest when due, the whole sum of principal and interest remaining unpaid shall, at the option of the holders. become immediately due and payable. f ~ (BEAU t t (BEAU . } Prepared by Stanley H. Spieler, Attorney - 2240 Biscayne Blvd., Miami, Florida std iaM •petform, comply whh and abide by each and every the stipulations, agrrzemaotts, t~onditiats and eoverunb of said prollsisaory rate and of this deed, then this deed and the. testate thereby crated shaD cease and be null and void. 1. The Mortgagor hereby covenants and a~ess: (a) To pay all and singulu the principal and interest and other sums of money payable by virture o[ said promissory note and this dsed, a either, promptly on the days respectively the same severally bseomes due. (b) To permit, commit or wifer no waste and to maintain the_improvemcnts at all times in a state of good repair tad condition, and to do or permit to be done to said premises nothing that will alter or change the use and chuader of said property or is any way impair a weaken the security of this mortgage. And in case of the refusal, neglect or inability of the Mortpgor to repair and maintain said property, the Mortgagee may, at his optbn, make such repairs or cause t(te same to be made, and advance moneys is that behaN. (c) To pay all and singular the taxes, assessments, levies, liabilities, and obliptions of every nature on said described property each and erery when due and payable xcording to law, before they become deliqutat, and to de6vu to the Mortgagee on or before Much 1 Sth of each year tax receipts evidencing the payment of all lawfully imposed loxes [or the preced"wg gkndu yeu;to indemnity the Mortgagee E upon his demand for all lazes, assessmeMS and chuges that may be assessed upon this mortgage on the indebtedness secured hereby, and . paid by the mortgagee, without regard to any law heretofore enacted or hsreatta to be ertsaed imposing payment of the whob of any ~ part thereof upon the Mortpgee. E (d) To pay ail and singular the costs, charges and expenses, including lawyen' fees and abstract costs reasonably incurred or paid at sny time by the Mortgagee beaust of the failure on the part of the Mortgagor to perform, comply with and abide by each and every the stipulations, agreemrnts, conditions and covenants of said promissory note and this deed, or either, and every such payment sluU bsu interest from date at the rate of ten (1056) per centum per annum. ~ (e) It is further convenanted and agreed by said parties that in the event of a wit being instituted to foreclose this trartgage, the Mort- Agee-shall be retitled to apply at any time pending wch foreclosure wit to the court having jurisdiction thettof lot the appointment of a receiver of all and singular the mortgaged property, and of all cents, incomes, profits, issues and revtatus thereof, from whatsotret source derived: and thereupon it is hereby expressly convenanted and agreed that the Court shall forthwith appoint wch receiver with the usual powers and duties o/receivers is like eases; and said appointment shall be made by the conrt as a matter of strict tight to the Mott- 1 gagee, and without reference to the adequacy or inadequacy of the slue of the property hereby mortgaged, or to the soNsney or iruol- vency of the Mortgagors or any other poly defendant to such wit. The Mortgagor hereby specifically wairss the tight to object to the appointment of a receiver as aforesaid and hereby expressly consents that wch appointment shall be made as an admitted equity sad as a ¢ matter of absolute right to the Mortgagee and that the same may be done without notice to the Mortgagor. (f) If forecbsure proceedings should be instituted apinst the property covered by this mortpge upon any other lien or claim whether alleged to be superior or junior to the lien of this mortgage, the Mortgagee may at his option immediately upon institutba of such suit a t during the pendency thereof declue this mortgage and the indebtedness secured hereby due sad payable forthwith sad may st,Ut option proceed to forecbse this mortgage. (g) That the Mortgagor wdl keep all real anQ personal property now or hereafter encumbered by the lien of this ttwrtg~e insured as rosy be requied from time to time by the Mottpgte apinst bu of foe, windstorm and other basuds, cssualtiea and contingencies for such periods and for not less than wch amounts as may be required by the Mortpgee and to pay promptly when due all premiums for such insurance. The amounts of inwrance required by the Mortgagee shall be the minimum amounts for which said insurance shall be written and it shat! be incumbent upon the Mortpgor to maintain such additional insurance as may be necessary to meet sad comply fully with all - 3 co-insurance requirements contained in said policies to the end that the said Mortgagor is not a co-imuror thereunder. lawtance dull be t written by a company or companies approved or designued by the Mortgagee and all policies sad reatswak ihartot shall be held by the s Mortgagee. AH detailed designations by the Mortgagor which are accepted by the Mortgagee and all agrsementa betweee Mortgagor sad Mortgagee rclatirsg to insurance, now exiuing a hereafter made, shall tx in writing and shall be s part of Ihls eaortgegs sgrssrossit se inky as though sebforth verbatim herein and shall govern both pubes hereto sad their successors and_assigas. No lien upon any of mid policies k of insurance or upon any refund a return premium which may be payable on the gnceUatbn a terminatbn thereof, that bt given to other than the Mortgagee, except by proper endorsement affixed to wch policy and approved by Mortgagee. Each polky of ittsureate shad have affixed thereto a Standard New York Mortgagee Clause without Contributbn, making all bas of bates nndsr wch policy able to the Mort a ee as its interest ma a u. In the event m wm or sums of none btoottts t WY t g y PPc r r payable thereunder the Mortgages shall have the option to receive and apply the same on account of the iadebtednta hereby etetrred, or to psrmit flu Mortgagor to rs• calve and use it, or any part thereof, without thereby waiving of impairing any equity. lien. or right arider and by vlrtw.ot tbie 1twR- r - pge. ;n event of bss or physical damage to the mortgaged property the Mortgagor shall gtre immediate notice thstsot by m~1~to tM Mortgagee and the Mortgagee may make proof of loo if the same is not made promptly by the Mortpgor. U west of toretlowrs of•