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PROVIDED, ALWAYS, that i( the Mortgagor shall pay unto the Mo~tgagee the indebtedrtess evidenced by a ceetain
promissory note of which the following in words and figurcs is a true copy tawit:
~~a~ ?ro1P.
S 7, 950. 00 _ Fort Pierce ~ Fl~;d, July 12. 191,~
FOR vALUE RECEtVED We, jointly and severally, promiKCOpay
+o the o~der oi ING
.he pnecipal ~um of SE~IEN THOUSAND NINE HUND D UpLLARS,
•~~gether w~th intcrcst ther+eon from date at the rate o( twelve percent,pe ~ annum ~~ntil maturity. both principal and intercit Dein~ Payabk in
::~wful money of the United States at 22d1 &scayrrc Blvd., Mismi, Florida, or at such uthe~ place ac the holden heteof may daianate m writina.
j'nncipal and i~terest payable in inatallment- ss followa: ~
ONE HUNDRED FIFTY FIVE ($155.00) DOLLARS per month beginning
on the 15th day of September, 1979, and continuing on the lSth
day of each and every month thereafter until paid in full.
f his note may De prcpaid in whok or in part at any time upon paymrnt of a penalty cqual to five (S96) percent of the princip~l ~um prcpaid.
1 he loan evidenc~d by thi~ promissory note has ~een made punuant to Chapter 656, Florida Statuta u authorizod by 68'1.12. Florida Statuta,
;,nd the payce hercm Iw made the loan through a liocmee under Chapter ~94. Florida Statuta.
Each installment payen~nt shall be credited fint on the interest due, and the remainder on principal; and interat ~hall tbercuponoes~e upon the
p~incipal so eredited.
I he maken and endorsen of this note further aaree to waive demand, notice oi non-payment and protat. and in the event suit:hall be brou~ht
• ur the colkction Nercof. or the same has to be collected upon demand of an attorney, to p~y rcuonabk attorney'~ fa~ tor making such colkc-
~ ~on.
I kferrcd payments hereunder shall bear intercst at the nte of twelve percent per annum from maturity until paid.
1 his note is serurcd by a matpge of even date herewith and is t~ be corutrued and en(arced aocording to the laws of the State of Florida; upon
.tclault m the payment of princip~I and/ or intercst when due, ~he whole sum of principal and inierest remaining unpaid ihall, at the option of
ne hoklen, ~ecome immediately due and payable. .
~ ~ (SEAL)
S ' tSEAL)
'rcpated by Stanley H. Spiela, Attorney - 2240 Bisca}•ne Rlvd., Miami, Flori "
and shall perform, comply~ with a~~d abide by rach and every the stipufations, agreements, conditions and covenants of
said promissory note and ~,f this deed, then this deed and the estate thereby created shall cease and be null and void.
1. The ~lortgagor hereb~• co~enant~ aitd agrers:
(a~ . ~ `s: ~I? .~~i:~:l:r Itcc pnr..~~;.~e ~u.f :ntrrr,t ~r:.t ~~t}:rr ,u:~~; .~f n~~~i:ry ; a~ ~t:le i } cirturr ~~t ~aid pn~mis;uty nutr and [h~. ~etd.
,
ur rrthrr. pr„mptl~ „n thr .f~yc rr,p~r!i~rly ~he .~mr tir~rr.,!ly i,e.vmr, dur-
I`1 t~ ~•rn~:i. ~,utmit ~~r ,::1lrt •.+~.te and tu fl1JUlIAIIf thr impFU.rtnrnt~ et ~fl t~n~r~ in a~tair nt gucd rrpa~t ar.d ~unJit~on. cnd to do
or pcnnrt ~ r.! ~nr t:. +ei.1 prrmr~s na~th~nw that •.~:I! .~Itrr „r :h3ngc the ~sr nud rh~r3ttrr of ,a~d pruprrty ur cri eny way impa~r or
; ..re~.: n!hr ...•:nt~ ~~f tln= c:;, rtri3r. :\nd in ..~,c ~,f thr retu.st. r.rkie.t u~ i:iihi6t} ~~f the tlurt~agur !u rrpair and matnt~m sai3 pn:pert7.
~ ITtt' ~•f'~fi'~'J~CC' !:i31 ,~~I hn ~.,;i„n. m~kr su.h rrpavti ur ;au.r tnr ~..:nr tu br nea~e. ar,1 advance m~~nrps in that bzhal~.
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j ~.1 I~, ~If ~n1 ,in:ci,r t'ie I;1\:'+. 1»C'.~SI1CfiI5. I;tli~. I:l~ihhr,. ~r:l ,~hli~t~t~un. uf e~er~ naturr un caid describrd proprrty each and
r~rr~ .,hrr :1ur +~r.i n.~_. ~!~I~ a.:~~r~ir.g la.~. h~.te,rr thr~ hre~,~nc .1;li,~urnt. aud to deh~et to thc \lurtgagee on or hrfore tlarch I Sth of
; ra~h .~„r t.~~ r. ~~•~pe, r~idencmg the pa~rt:rni uf ail ta~sfully ~mpused ta~r, fur thr prrceSing calendar yrar.to ir,demn~fy the Mortgagee
up,,r. !ii~ Qrm,:~d f~x eIt t.uc., assr,smants ;,nd .h~rgn rhas ma~ he ati,eaced up~~n this mortgage un the ~ndrbtedness xcurcd hercby, and
; peiJ h~ thr n:~~nRagrr. ~+rthu~t rrgsrd t~. an~ te.+ hrrrh~f+~rr rnactrd ~~r hrrc~fter to he rnacted ~mpusing payment of the whole or any
I part [hrreuf upun thr ~tori:agrr. , ~
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~ ~d) t~. pap all ~nd :inFUl~r thr r.~~ts, .barRtti and rapenxs, u~elud~ng lawyrn' frrti and absrract costs rrasonaAly ineurred or paid at anp
hn~r h~ thr ~lr~rtKagrr hrc~u+r ~~f the f;,ilurc nn the part uf the ~turtgagur t„ prrfurm, cumpl} with and abide by each and every the
~ sUp~lahunc, agrremrnts. .~~ndwunti .~nd a~~•rnants of s~iJ pn:miss~~ry nute and th~s JrrJ, or either, a~d rvery such payment shall bcar
a interest from late ~t tAe r;,tr ut trn ( 10",: ~ per crntum per annum.
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~ (e? 1~ furthrr cunarnented and agreed hy .si,'. pir[ies Ihat in the e~rnt of a.wt heing inshtuted to furecluse this mortgage, the Mort-
~ gagrr shall hr rntitled tu epp!> at any time prnding wch forectusurc suit to thr cuurt ha~mg jurisAictiun thereof for the appointment of
~ a rccr~~er ~~f ~11 and tim~euiar thr mnr[gagrd prn~trty. enS of ail rcntti, ~ncnn.irs, pru(~ts, issues and revenues ~hnreof, frum whatwe~er
s~~urcr lltfl\CJ. JfItI IIICICLL~l~f1 rt i+ ~IC(r~/)' ri~llt'S1I)' C~/OYl'O]IIItI~ Jtl~ 3af2Cd i~}~t [~1r CUUf! S}13U ffl[IAM'I:A dPPOIOt SUiII ~[COIV[! Wlt~l 1~10
ucual p~~+rr~ anu dutirs ~~f trcrnrr? m hkr cax~. and caid appoir~tment shall Ar ma,ir by the cuurt as a matttr of stnet right to the Mort-
~ g3err. a~d ..ith~,ut retrrrncr to the sdre~uacy or ~n3dryuac) of thr ~alue of the property hereby mortgaged, or to the wlvency or insol
~ ~ency of the ~tort~cegor4 ur enp othrr p:~r[}~ drlenJant to such suit. The Mortgagor hereby specifically waives the right to ob~ect to the
~ app~nntment uf ~ recrnrr aG~resa~d ~nd hereby rsprr~sfy con~nts tha[ such appum[ment shall 'oe made as an admitted equity and as a
~ matter nf ~hu.lutr :igh~ tu thr `•1~~rtFegrr an~ ttat the semr ma~ be dune Nrthuut nuhcr to the Mortgagor.
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~ It~ It fure.t~,.urr proc~r~~ngti ~hnuW hr ir.~t~tulyd again;t th_ pruperty cu~ercd by this murtgagr upon any other lien or cla~m w:~ether
allegrd m hr SUF1CfMf .~r ~unw~ t~~ the hrn uf 11us murtgegr, thr titortgagee may at his option immed~ately upun instituhon of such suit or
~ dunnR thr ~rndrncy thrreof .7r~lare thls mortgage ~nd thr ~ndehtedneu seiured hercb~ due and payable forthwith and may at its option
~ pn~ceed tn forc.Iuce this m~~r[~~gr
_ {g~ T hat the Unrtg~g~~r .~dl krrp eU rcal end prrv~nal pruprrt~ nuN nn c~rratter encumbered hy the lisn ot this mortgage insured as may
he reyuued (r.,m umr u~ um~ by the ~lurtg;fKre ~gamst loss uf firr, w•~nds[orm and uther hazards, cuualt~rs an~ contingencies for such
perHrd~ and fr,r nnt lec~ than wch emnunts ~s ma> be reyuurd h} the tifurtgager and to pay promptly when due all premiums fot sucA
- ~nsurei~r Thr amuu•~tc nf insurancr reyu~rrd hy ihe tilortgagae ehall be the minimum amounts for which said insurance shall be wtitten
and it she!1 he incumAent upon the ~1or:gagur to ma~ntain such additional msurance as may be necessary to meet and comply fuliy with all
co ~nsurancr rzqwrrmrntti i~~nta~nrJ in sa~d pulu ies to the end that the said ~lortgagor is not a co-~nsuror thercunder. Insunnce shall be
wnttrn hy a co~npan} !~r .~~mpamrs appto~ed ~~r de~~qnatrd b~ Ihe ~fortg~gec and all policies and tenewals thueot sh~ll be held by the
S1orlgagte. All deta~led dreignat~onc hy thr ~turtgagur wh~ch arc accepted by the Mortgagee and all agteements between Mortga`or snd
~ Nortgagre reiat~ng 1<~ imur~nc~, now eaichng or hrreafter made, shall bt in writing and shall be a part of this mortgage aEreement as fully
~ u ~huugh set forth vrrhahm hrrrm and shall guvrrn Iwth parUes hereto and their suc.escors and assigns. No lien upon any of ssid policits
of ~nsurancr ur uM~n any rrfund or rcturn prem~um uhich may be payahle nn the cancellation or termination thereof, shall be ~iven to
r~ othrr than the titortgagre, rx.epl by pruper endorsement atfi?rd to such pulicy and approved by Mortgasea Each policy of insunnce
~ shall have aff~xed ~hercto Standard New• York ~lurtgagre Clause ~+ithout Contribution, makina all bss or losus undet such polity
~ payable tn thr ~inrtgagre as rtc Interest may apprar. In the event any sum or sums uf moncy become payable thereunder the Mort=ajee
shall have thr r~ption t~~ receive and apply the same un account of tht indebtedness hereby ucured, or to permit the Morip~or to re-
ceivt and use it, or any part thertof, wrthout thereby wairinR ur impairins any equity, lien, or nght under and by vittue of this mort-
~ `ase. In e~ent oi I~ss or physical damage to Ihe mnrtgaged property the Mortgagor shall give immediste notice thereot by msil to the
M~rt6a6ec and the ~Iortgagee ma> make proof of loss if the same is no1 made promptly by the Mortpgor. In event of forecbsute i
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~ 80')K~~•, P~UE
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