The URL can be used to link to this page

Home My WebLink About1434 ' is 1 ` PROVIDED, ALWAYS. that if the Mortdadpr llher pay ualo the 1lottga=ee the iadebtedlnetls evidenced by a oertaia promissory note of which the tollo w wol(ds c to-wit: i • ~ s Z?~te4.~- Fort Pierce,,._,~____ F1«ida Ata~ust 1, Is 79 s Dot.uRS, toSethet with iabtwt thenoa trosst dart at the Irate d twslvs ~tNaal, stllltallm natil tlnaturity. bah principal sad htltr+tst btitlS payabb is lawtttl ttnoaey attre v,t[ted swaat ~ 11liseayae INvd.. Miaati. >~orida. «st wch other piatx ag the boilers htrtotlmaydaipsate to writiM. Triaeioal std iatetwt Mpiabk is iastapssent? r toNowte ONE HUNDRED FIFTY ($150.00) DOLLARS per month beginning on the 15th day of October, 1979, and continuing on the 15th day of each and every. month thereafter until paid in ful?: ; t 'Tide stale tttay bs psrepaid is whole « in part at asly_ tilste upt>et payateat of a penalty equaltofn?e(1!6) percent ottlts principal ItYm pttpaN. Ths Ionawideaoed b!?thispromse~or~ nae hat been made punnaM to (~tapter 636 Florida Stattttetaautroritoed by tit'f.12, Florida StatsMss. sad the payee ratia ra made the loan tbrotuRlt a lioeattee racer Chapter Florida Stattlta. ~ ialltaSeeeatt e1saU be tareditad fuse oa tMe iaterat dne, and the remainder oa priadpal: sad isNerwt slb~ the ~enpoa peas tspoa tYe I w ' The taakas sad sadorsers dtha note further sSroetowaivedemand. aaioeof leoa-payatetx sad protest. and'm eresveat toil slbaS be bto~t t« tee ooSsctiott rertot, «tbe same ha to be oogected upon dtrrtaad d as attornry. to pay rttasoaable attorney's fia[« makiassutdl tioa. Dekrnd paymeab rereurder shall bear interest at the me d twehre pteroent per annum from Isrtaturity natil paid. This lltoM is slsKUrod by a mixtp jIe Ot slrea date herewith and is bt tottstrued sad enforced aocordil>d to the laws dtbe State d Florida; neat detauk is rtes payllseat d print pal and/ « istterat whew due. the whole snm of principal and ins remaiatrt~ u id shall. at the option d the holdat. beootae isataediately due and payable. (SEAL) - (SEAL)- Pt+epared by Beasley H. Spieler, Att«llley - 251011itcayat Slvd» Mwai. - t and shall perform, comply with and abide by etich sad every the stipulations, agreements, conditions and covenants of said. promissory note and of this deed, then this deed amd the estate thereby created shall cease and be null and void. 1. The Mortgagor hereby covenants and agrees: (a) To pay all and singular the principal and interest and other sums of money payable try virture of said promissory note and this deed, or either, promptly on the days respectively the same sevrnlly becomes due. - (b) "fo permit, commit ur wffer nu waste and to maintain the improvements at all times in a state of good repair and condition, and to do or permit to be dune m vid prrmtsrs nothing that will alter or change the use and rharsctrr of said property or in any way impair or r weaken the security of this mortgage. And in case of the refusal, neglect or inability of the Mortgagor to repair and rriaintsin said property, s the blortgagrr may , at his option, make such repairs or cause [he same to be made, and advance moneys in that behalf. (c) To pay all and singular the taxes, assessments, Igvies, liabilities, and obligations of every nature on said described property each and every when dos and payable according to law, before they become detiyurnt, and to deliver to the Mortgagee on or before March 15th of each year tat receipts evidrncmg the payment of all lawfully imposed taxes for the preceding calendar year;to indemnify the Mortgagee _ upon his demand !or all taxes- assessments and charges 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 hereafter to be enacted imposing payment of the whole or any 1 part thereof upon the Mortgagee. , E (d) To pay all and singular the costs, charges and expenses, including lawyers' fees and abstract roses reasonably incurred or paid at any time by the Mortgagee because 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 wch payment dull bear interest from date at the rate of ten (It>`b) per centum per annum. (e1 It is further convenanted and agreed by said parties that in the event of a suit being instituted to foreclose this mortgage, the Mort- gagee shalt he entitled to apply rt any time pending such foreclosure wit to the court having jurisdiction thereof for the appointment of a receiver of all and singular the mortgaged property, and of all rents, incomes, profits, issues and revenues thereof, from whatsoever wuue denvrd, and thereupon it is hereby expressly convenanted and agreed that the Court shall forthwith appoint such receiver with the usual povs•ers ahd duties of receivers in like cases; and said appointment shall be made by the court as 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- vency of the Mortgagors or any other partyr defendant to such, wit. The Mortgagor hereby specifically waives the tight to object to the appointment of a receiver as aforesaid and hereby expressly consents that such appointment shall bs made as an admitted equity and as a matter of abwlute 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 rovered 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 institutbn of such suit or during tfie pendency thereof declare this mortgage and the indebtedness secured hereby due and payable forthwith and cosy at its option proceed to forecbse 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 reyuired from time to time by the Mortgagee against bas of fire, windstorm and other hazards, casualties and rnntingencies for such ata0 periods and for not Irss than such amounts as may be reyuved by the Mortgagee and to pay promptly when due alt 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 bs incumbent upon the Mortgagor to maintain such additional insurance ss may be necessary to meet and comply fully with all l~ rn-insurance requirements contained in said policies to the end that the said Mortgagor is not s rn•insuror thereunder. Inwrance shall be written by a company ur companies approved or designated by the Atortgagce and all policies and renewals thereof shall be Aeld by the Lbw Mortgagee. All detailed designations by the Mortgagor which are accepted by the Mortgagee and all agreements between Mortgagor and m Mortgagee relating to insurance, now existing or hereafter made, shalt be in writing and shall be a part of this mortgage agreement as fully as though set forth verbatim herein and shall govern both parties hereto and their successor and assigns. No lien upon any of said policies ' . of insurance qt upon any refund or return premium which cosy be payable on the cancellation of termination thereof, shall be given to other than the Mortgagee, except by proper endorsement affixed to such policy and approved by Mortgagee. Each policy of insurance shall have affixed thereto a Standard New York Mortgages Clause without Contribution, making all bss or bees under such policy payable to the Mortgagee as its interest may appear. In the erenl any sum or sums of money become payable thereunder the Mortpgee shall havc the option to receire.and apply the same on account of the indebtedness hereby secured, or to permit the Mortgagor to re- ceive and use it, or any part thereof, without thereby waiving or impairing any equity, lien, or right under and by virtue of this mort- gage. In event of bss or phyitcal damage to the mortgaged property the Mortgagor shall give imtgediate notice thereof by mail to the Mortgagee and the Mortgagee may mike proof of loss if the same is not made promptly+by fbe lgiortgagor. In event of frxecbsure of s..~