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Home My WebLink About2884 _ _ PROVIOEO. ALWAYS. that U the Mortpsor shad pay unto the Mortxaree the iadebtedaess eviiatoed by a attain pwaiiaory note of wbldt the [oBowi~ V words sad tljura b • true to•wk: - ~ a ~ . s ,~,3_ S75.00 Fort Pierce, Fla;da _ August 4, 1~ FOIL vALU GERTRUDE TUCHNERi~ ~ainth,=*+~ gieyPSAll~ promise to pay to tMs order of t~pgilgr~g~~THIRTR><N THAiiRANiI FTVF HiTNnRFn SEVENTY FTVE N(]/r.. nn DOLLARS, tom with istterat tMeaoa from date at the rate of twelve percent. r annum until maturity. both principal and interest beinx payable in tawlttl asoaey d the United State at 2244 Biscayne Blvd.. M iami. Florida. a at such other place as the holders hereof may daixttate m wntlnx. hiaeipal earl trttersst payable is installment. as follows: ~ ; 1W0 HUNDRED SE`1ENTY r'IVE ($275.00) 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 full. Tbb note tray be prepaid in whole or in part at any time upon paynr_nt of a penalty equal to five (5~6) percent ottee principal sum prepaid. The loan evidenotd by this pr note hu ban made punwnt to Chapter 656. Florida Statutes s: authorized by 6x7.12, Florida Statutes. and tMs payee herein Mat maden throuxh a lit:ettsee under Chapter 494. Florida Statutes. Each iastallmeslt pays of shall be trediled tint on the interest due, and the remainder oa printdpa4 and interest shall thereupon txase npoa the priaeipal so «edncd " . . TLe makes and encloses of this note further epee to waive demand, notice ofnon-paymem aed protat. and 'w the eveat Bait shall be brouxht for the collation hereof, or the same has to be edlected upon~emand of an attorney. to pay r+easoaabk attorneys fas forsnakinxsnchtoliea lion. Dekned payaseab Mereuttder shall beu interest at the me of twelve percent per annum from tnattuity until paid. This torte r set:ut+ed~by a mortp~e o(even gate herewil h and is to be corotrutd and enf atxordinx to the laws oithe State of Florida; upon defauk is the payment d principsland/a Interest when due, the whole sum and int t re "nine unpaid shall, at the option of the Molders, bttcane rmmcdtately due and payable. t (SEAL) 3/ t- ? vtv.E' (SEAL) r Prepard h? Stanley H. Spieler. Atttxney -22x0 Bicayne Blvd.. Miamt, ! aced shall perform, comply with and abide by- each and every the stipulations, s~greements, cottditans and ooveasats tat said promissory torte and of this deed, then this deed and the estate thereby crested shall cease and be nuU 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 by virture of said promiuory note and this deed, or either, promptly on the days respectively the same srvrrally becomes due. (b) .To permit, commit or suffer no waste and to maintain the improvements at all times in a state of good repair and conditbn, and to do of permit to be done to said premises. nothing that will alter or change the ux and chsraaer of said property or in any way impair a ~ weaken the security 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 caux the same to be made, and advance moneys in that behalf. (c) To pay all and singular the taxes, asxssments, levies, liabilities, and obligations of every sat ue on said described property ach and tvery when due and payable according. to law, before they become deliquent, and to deliver to the Mortgagee on or before Mucfi 1 Sth of each year tax receipts evidencing the payment of all lawfully imposed taxes for the preceding cakndu yeu;to indemnify the MoRgagee upon his demand for all taxes, assessments and charges that may bt asxssed upon this mortgage on the indebtedness secured hereby, sad paid by the mortgagee, without regard to any iaw heretofore enacted or hereafter to be enacted imposing payment of the whole of say part thereof upon the Mortgagee. i (d) To pay all and singular :he costs, Chuges-and expenses, including lawyers' Pecs and abstract costs reasonably lactated or paid at say i time by 'the Mortgagee bemuse of the failure on the part of the Mortgagor to perform, comply with and abide by ac6 sad every the j stipulations, agreements, conditions and covenants of said promissory Dote and this deed, or either, sad every such psysseet shall bear interest from date at the rate of ten (10`g,) per centum per annum. ~ - (e) It u further eortvenanted and agreed by said pubes that in the event of a wit being instituted to foreclose this molt • pgee shall be entitled to apply at any time pending wch foreclosure suit to the court Navin 11Ke. the Mort- g jurisdiction thereof for the appointment of 1 s receiver of all and singular the mortgaged property, and of all rents, inrnmes, ptoTits, issues sad revenues thereof. form wbstt+otwet 1 source derived; and thereupon it a hereby expressly convenanted and agreed that the Court shall to*thwitb appoiat such ret:eirtr witA the usual powers and duties of receivers in like cases; and said appointment shall be made by the Dour! as a matter of strict right to the MDR- _ gagee, and without reference to the adequacy or inadegwcy of the value of the property hereby mortpged, or to the soheacy of insol- . vency of the Mortgagors or any other puty defendant to such suit. The Mortgagor hereby specifically waives the right to object to the appointment of a receiver u aforesaid and hereby expressly consents that wch appointment shall be made as an adatitted equity sad as a i matter of absolute right to the Mortgagee and that the same may be done without notice to the Mortgagor. i (f) If foreclosure proceedings should be instituted against the property coveted by this mortpge upon any other lien or claim whether i i alleged to be superior or junior to the lien of this mortgage, the Mortgagee may at ha option immediately upon inxtitutioaotsuch suit or during the pendency thereof declare this mortgage and the indebtedneu secured hereby due and payable forthwith sad may at its optba proceed to foreclbse this mortgage. (g) That the Mortgagor will keep all rest and personal property now or htresfter encumbered by the lien of this mortgage insured u may be required from time to time by the Mortgagee against bas of fire, windstorm and other hssuds, casualties and ooatiageatdssforraeh periods and for not less than such amounts as may be required by the Mortgagee and to pay promptly-when due all pretaiuats for such ~ insurance. The amounts of insurance required by the Mortgagee shall be the minimum amounts for which said insurance sba8 be written and it shall be incumbent upon the Mortgagor to maintain such additional iruunntx as may be necessary to meet and comply isdly with all co-insurance requirements contained in said policies to the end that the said Mortgagor is not a oo-inwror thereunder. lasttraace shall Ise written by s rnmpany or companies approved or designated by the Mortgagee and all policies and renewsb thereof shall be held by the Mortgagee. All detailed designstiom by the Mortgagor which are accepted by the Mortgagee and all agreements between MoRgsgtx sad Mortgagee relating to insurance, now exiuing or hereaftu made, shall be in writing and shall be • part of this tortgage agreement ss fnUy 'E u though set forth verbatim herein and shall gores both parties hereto and their suaesson and assigro. No Ilea upon say of said poUdes i of insurance or upon any refund or return premium which may be psysbk on the canceltatbn or terminstioa thereof, shaa be given to ~ other than the Mortgagee, except by proper endorsement affixed to itch policy sad approved by Mortgagee. Each polity of ittstasnes shag have affixed thereto a Standard New York Mortgagee Clause without Contribution, making all bas or brats under sueA policy psysbk to the Mortgagee u its interest may appear. In the Brent any wm or sums of money become pa ab t the MortpgN l shall have the option to receive and apply the same on account of the indebtedness hereby secured, lbRgagor b ta- t ceive and ux it, or any part thereof, without thereby waiving or impairing say equity, Ikn, or right u a and by virtee of ihla aqR- pge. In event of bas or physical damage to the mortgaged property the Mortgagor shall giro immediate notice thsnot by 0aY to ttN Mortgagee and the Mortgagee may mske.proot of loss it the same is not made promptly by the Mortgagor. In Besot of ttxeclostats of UK 600K 314 PAGE ~ ~ ~