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Home My WebLink About1199 ; i 4 PROVIDED. ALWAYS. that it the Mortjlyor sltaM pay tteto the Mort=aSee the indeetedti st evlida~y a oataia promissory note of which the fdlowittS V wars aeti tlpina r a tins to-wit: = 1,,650.00 Fort Pierce ~ Fl«ida August 1, 1f 79 l~OR VALVE RECi1VBD _ WEr,T intly and sever811~y- - promise to pay to tbs order d the prieeipsl sent d DOLLARS. ~ toretber wilt ia~tsraeR thereoe frow date at the me d twelve peraet, annum until maturity. both principal and inistest beitlS payable is lawful altoeey d the Urlitsd Stataat 22M Bacayae slvd.. Miami. Florida. a at finch other place as the ht>aders beredmaydetnptue a writtrt~. Pritrcipsl sad iatersat payable in iastalbtteet: a• fad FIFTY ($50.00) DOLLARS per. month beginning on the 15th - day of October, 1979, and continuing on the 15th day of each and everq month thereafter until paid in full. This note way be prepaid in whole a in part at soy time upoe payment of a penalty equal to five(S96) P~ of the principal sue prepaid. 'i'be losesvideeoed by this promasor~ note has been made pursuant toChapter 636 Florida Stattnass autbori:ed by667.12. Florida SuttlRee. sad tbs psyse ttersie bas atade.the loan throttslt a lioettstx order (ltapter Florida Statutes. ~~b~iostaNweatps eat shall be wetted first on the ntterat due, and the remainder oa priodpa4 and interest shall tbeteupoa cease ttpos the ao '111: waken wed endorsers dthes etotefurther epee towaive dt:maed, notitxofnon-payment and proteW.and in theevent gait shall be bw for the eolkctioe bared. a the same hag to be toltected upon demand d an attorttey, to pay reawnbk attorney's fseafor makiuSwcbao tics. Dcktrsd psymeen hereunder shag bar interest at the rate of twelve percent per annum from maturity until paid. 'this sots is secured by a mtxtp,e of even date herewith and igyo be construed and entortxd aaordinsto the laws of the State of Florida; upon - defauk is the paymait of princepal and/or interest when due. t whole gum of principal interest maim ugtaid shall, at the option of the bowers. berowe tnuaediately due and payable. . (SEAL) c t (SEAL) Prepared by Stanley H. Spieler. Attorney - 2Zr0 l~isaayne Sird.. Miami. Florida and shalt perform, comply with and abide by each and every the stipulations. ageements, rnntiitions and covenants of said promissory torte and of this deed, then this dt~d and the estate thereby created shall cease and be null and void. 1. The Mortgagor hereby covenants and agrees: (a) to pay- X11 and singular the principal and interest and other sums of money payable by virture of said promiuory note and this deed, ur either, promptly an thr Jays rrsprctivcly the same scverary becomes due. (b) Ta permit, commit or suffer ro waste and to maintain the improvements at all times in a state of good repair and condition, and to do or permit to he door to said premises nothing that will alert or change the use and character of said property or in any way impair or weaken the srcurity of this mortgage. And in case of the refusal, neglect or inability of the Mortgagor to repair and maintain said property, the Mortgagee may, at his option, make such repairs or cause the same to-be made, and advance moneys in that behalf. (c) "to pe> ell and singular the tests, rssessmcnts, levies, liabilities, and obligations of every nature on said dexri{xd property each and evrry when due and payahlr according to law, heforc the}- become dcliyuent, and to deliver to the Mortgagee on or before March 1 Sth of ~ each year tax rccripts evidencing the payment of all lawfully imposed taxes for the preceding calendar year;to indemnity the Mortgagee upon his demand for all taxes, asxssmrnts and charges that may be assessed upon this mortgage an the indebtedneu secured hereby, and paid by the mortgagee. without regard to any law heretofore enacted or hereafter to be enacted imposing payment of the whole or any part thereof upon the Mortgagee. (d) To pay all and singular the costs, charges and expenses, including lawyers' fees and abstract costs reuonably incurred or paid at any ` time by the dortgagee hecaux of the failure on the part of the Mortgagor to perform. comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and this deed, or either, and every such paymen~ shall beu interest from date at the rate of rep (10~.) per centum per annum- (e) It 6 further convenanted and agreed by said pubes that in the event of a suit being instituted to foreclose this mortgage, the Mort- gagcc shall be entitled to apply at any time pending such foreclosure suit to the court having jurisdiction thereof for the appointment of a receiver of al! and singular the mortgaged property, and of alt rents, incomes, profits, iuues and revenues thereof, from whatsoever source dtrired; and thereupon it is hereby expressly convenanted arRt agreed that the Court shall forthwith appoint such receiver with the usual powers and duties of receivers in like cases; and said appointment shall be made by the court u a matter of strict right to the Mort- gagee, and without reference to the adequacy or inadequacy of the value of the property hereby mortgaged, or to the solvency or insol- - rency of the Mortgagor or any other party defendant to such wit- The Mortgagor herFby specifically waives the right to object to the appointment of a receiver u aforesaid and hereby expressly consents that such appointment shall bt etude u an admitted equity and as a matter of absolute right to the Mortgagee and that the same may be done without erotica to the Mortgagor. (f) If foreclosure proceedings should be instituted against the property courted by this mortgage 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 institution of such suitor during the pendency thereat declare this mortgage and the indebtedneu secured hereby due and payable forthwith and may at its option proceed to forectox this mortgage. (g) That the Mortgagor will keep all real and personal property now or hereafter encumbered by the lien of this mortgage inwred as may be required frc,m lime to time by the Mortgagee against bu of fire, windstorm and other hazards, cuualties and contingencies for such periods and for not less than such arrrounts as may he required 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 said insurance shall be written and it shall be incumben[ upon the Mortgagor to maintain such additional insurance u may be necessary to meet and comply fully with all co-insurance requirements captained in said policies to the end that the said Mortgagor is not s co-insurot thereunder. Inwrsnce shall be written by a company or companies approved or designated by the Mortgagee and all policies and renewals thereof shall be held by thr Mortgagee. All detailed designations by the Mortgagor which are accepted by the Mortgagee and all agreements between Mortgagor and Mortgagee relating to insurance, Crow existing or hereafter made, shall be in writing and shall bt a part of this mortgage agreement u fully u though set forth verbatim herein and shall govern both parties hereto and them successors and auigns. No lien upon any of said policies of insunnce or upon any refund or return premium which may be payable on the cancellation or termination thereof, shall be given to other than the Mortgagee, except by proper endorsement affixed to wch polity and approved by Mortgagee. Each polity of imuranu shall have affixed thereto a Standard New York Mortgagee Clause without Contribution, making all bas or bases under such policy payable to the Mortgagee as its interest may appear. In the event any sum or sums of money become payable thereunder the Mortgagee shall have the option Ice receive and apply the same on account of the indebtedneu hereby secured, or to permit the Mortgagor to re- ceive and use it, or any put thereof, without thneby waiving or impairing any equity, lien, or right under and by virtue of this more- gage. In event of bas or physical damage to the mortgaged property the Mortgagor shall give immediate trotiu thereof by mail to tiN Mortgagee and the Mortgagee cosy make proof of loss i[ the same is trot made promptly by the Mortgagor. in want of forecbsure of . 3~ 4 P~Ei193