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{'ROVIDf:f1, AI.WAYS, that if the ~lorigagor shall pay unta thc ~lattaagcc the indcbtedness rvidenctd h~~ a
certain promisaory ~ote c~f which the foll~~~~ing in wo~ds and figutes is a t~ue copy to-ait:
- ~'JfC°~r~~~ ~ ~
~ 2 8~Q=00 _ Fort Pierce, F~~rida May 17, 75
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- F(~~~LL-l~~l'1~:('~F~:I~'~~KAND~~~'1`~nS~E~y~~t~~11~~t~~S.-Fir~IIZ~~ jvj~~;orui,:.~i~~,a~• -
lc, thr urdrr of -Ft~ lt- - - - - x~ -
Ihe Euincipal ~um of'~~i~~~}~A~II2.~i~liZHIINDREU_~_IET~_aad_na~14Dt~e~~.LARti, togetl~~r w~ith inlerc~t
• lhrreun frum date at th~~ ral~ uf ten percenl, per annum until malurit~•, both principal and int~rest Ireing payablc in (awful monry uf -
j Ihr lfniled titatr: at '~'.'.~~~1 {ii.ca}~nc [31~~d., \liami, Florida, or at such other place as the hol~ler.~ hereof may designate in writing.
~ Principal and interect payable in in~tallmenls as follows:
~ .
~ SEVENTY ($70.00) DOLLARS per month beginning on the 15th day of July,19~5,
and continuing on the 15th day of each and every month thereafter unCi.l
paid in full.. ~ ~ .
This note ma~~ be prepaid in «~hole or in part after one year from the dat~ hereof upon paymcnt of a penalty equiv~lent
t~~ ri~hl p~~n•~~nl uf ll~t• principa) ~wn ~~n~paid. , - , _ - - _ ,
- F::~ch installmrnt payin~•nt >hall be ~rediled tint on the interest dur., and the remainder on principal; and intere~t shal) lt~•n•-
u~~cm ~-~•as~• upun thr principal •u ~•r+•ditrd. -
•The maken and ~•t~donrn uf this nol~ furlhPr agn•c t~~ waive detnand, notice of nuu• ?aymenl and protest, anJ in the event wit
~I~all hP bruught for thr cu~l~•ction h~reof, or the same has to he collected upon demand o~ an attorney, to pay reasonable attorney~::
fr~•. fur making ~uch cullcctiun. . . _
Uefrrred paymcnt~ hcr~un~lFr ~hal) hear intcrest-at thc rate.o[ tenpercent per annum fran maturity ontil paid.
- . ~Thi~ notr i< <ecur~d hy a mort~a~e c~f even date herewith and is to t~e. construed and enforced according to the laws o[ the
~ - ~tatr of Florida; upon default in the pa~~ment of principal an~Vor interest when ue, the whole sum of .principal and inter~sl
rf~rnaining unpaid shall, at the option c~f the holders, become immediately d a d ayable. ~
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' ~ ~ - ~sF:ni.~
Pr~ ar~d h~ Kl~r & Tendrich. At~orne •s - 22~0 Ricra ne Bl~d. ~liami-F'Ibrida
P Y P . ) Y . .
ar~J shall perf~rm, c~~moly with and abide by each and every the stipulatians, agreements, conditions and cove-
~ nants of tiaid promissoty note and of this deed, then this deed and the estate thereby cteated shall cease and bc
null and void. -
I. The Mortgagor hereby covenants and agrees_ _
(a) To pay all and s~ngular the ptincipal and interest and other sums ot moneY P~Yable by vitwe ot said promissory ~ote and th~s
~ - deed, or eithet, promptly on the days cespoctively the same severally becomcs due. .
(bl To ;,.rmit, cortunit or suffer no waste aad to maintain the improvemen.s at all times in a state o! good ropair artd cor«iitson, and to
- do or permit to be done to said prem~ses notAins that will alter or chanae the use and chuacter of said property or in any way impair or :
w•taken the secutity of this morlpye. And in case ot the refusal, nealect oi inability of the Mortg~gor to repair ar.d maintain said proper- ~ r
tv, the Mortgagee may; at his option, makt such tepaits or cause the same to be made, and_advance moneys in that behalL
. (c) To pay a11 and ~msular the ~a:es, assessments, levies, liab~lities, aAd obligations o( evcry nature on said described ptopcrty eacA
and every r~hen due and payable according to law~, before Ihey become delinquent, and to deliver to the Mortga6et on or befote htarch _ -
~ ~Sth of eath yrar lax receipts evidencing the payment o( all law•fully imposed taxes [or the precedin6 ealendar year, to indemnify the
~tat`asee upon his demand for all taxes, a~sescments and charges that rnsy bt assessed upon this mortgage on the indebtcdness
~ cured hereby, and paid by the mottgagee, without regatd ~u any law heretofort enacted or hereafter to be enacted imposi~g nayment o:
the ahole or any ~art thereo[ upon the Mortgagee. ~ _ _ '
(d) To pay all and singular the costs, charges and exptnses, including lawyers' fees and abstraet costs reasanably incutrcd or paid at
any ~imr by the ~tor~Ragee because of tAe fa~lure on the part of the Mortgagot to perform, eomply with ar,d abide by each and every the
supulahons, agreements, condilions.a~d eovenants o( said ptomissory note and tbis deed, o~ either, and every such~p~yment shall bear
~ntcrest (rom dale at the nte of ten UO`E) pei centum per annum. _ i
(el It is futther covenanted and agreed by said pa~Ues thal in the event of a suit beirg institutcd to (oreclose th~s mottga3e, thc Mort-
gaget shal! be entitled to apply at any time pending such foreclosure suit to the court having jurisdiction thercof for the appointmenc
of a rece~~•er of alI and singu~ar the mortgagtd property, and o[ all r~nts, ~n.omes, profits, issues and revenuea thereof, fro~u w•hatsoe~•er
- .uurct denved; and thettupon ~t ~s hereby exptessly covenanted and aEreed_that the Cou~t shatl (oethwith appoint such r~ceiver ~~th
• thr uswi por~er~ and dut~es of cecei~crs in like csses; and said aDPa~ntment shali.be msdc by the court as a mattcr oi strict right to
~he ~lortga6ee, and wilhout reference to the adcquacy ar ~nadequacy uf the value of the property hereby mortgaged. or io the ~olccncy
ur insolvency of the Mort~agors or any other party de(endant to such sui~. 'ITu Mortgagor hereby specifically waives tht nght to object
- to ~he appointment of a rcceiver ac aforesaid and hereby eaptessly consents that such appointment sh~ll be made as an admitted equ~ty - . '
- and as a matter o( ab~olute ri~ht to the Mort6a`ce :nd that !he same may be done wi[hout notice to the ~lortaagor. _
~ If foreclosu:e proceedin~s should be instituted ~i~inst the property covered by this mottpde upon any other Icen or claim whether j
alleged to be supcrior oi junior to the lien of this mortaase, ~he Mortsagee may at his option immediatety upon instilution of such su~t - ~
- - or during the pendency theree( dee~are this mortg~je ind the indebtedness secured hereby duc ind payable forthwith and may at etti
option procced to torcclose this mort=a6e. - - - ~ .
_ (s) That the Mort~asor will keep all real and personal ptoperty nov on c~rea(ter encumbered by the lien ot this mortga`e insured ac may ~
~ bc require d, from ~ime to time by t he Mo r t ga g e e a j a i n s l l o s s b y f i t e, ~ i n d s t o r m a n d o t h e r h a z a r d s, c a s u a l t ~ e s a n d c e
x i t i n E e n c ~ e s f ur su ch . ~
per~ods and tor not less th~n such amounts as may be required by the Morip;ee and ~o pay-promp~ly when due all prem~ums fex such
~nsurance. The amounts of insutance required by tbe lrfort~a`ee shsll be the minimum amounts (or which said insurance shall he r•r~ttea ~
~ and ~t shall be incumbent upon the !r{ortEsaor to mainuin such addilionsl insurance ss may be necessary to meet and comply fully witA ;
all co-insunnce requirctnents contained in said policies to the end that the sai~ Mor~gsgot is not a co-insurot thereunder.lnsurance
shall be ~•ritten by a eomp~ey or companies apptovtd or designsted by ihe Matiasee and all policies and renttirals thereof shall be held ~
by the Mor[ga6ee. All detailed desi6nations by the Mort~a6or w.iich are accepted Ey thc Mott~a~tt and all asreements betw•een Mortptor ;
" and Mort6a6ee rclatin~ to inaarence, now existin~ or hero~(ter made, shall be in wtitin~ and s1~aH be a part o( this mottp~e t~rtement ~
as fully ss thou`h set (orth verbatim huein and ahall ~orern both parties hereto and their suczessors and assi~rs. No lien upon any ot - ~
said policies of ~nsurance w upa+ any refund or return premiLm w~hich may be payable on the cancellation or termination thareof, shall ~
be ~~ven to other ~hzn the Mort~~~ee, except by proper endorsement affixed to such policy and approved by Mort=~{oe. Esch policy nf ~ ~
~nsurance shall have affixed thercto a Standard New York Mort`aaee Clause without Contribuuon, mskins .II loss or tosses under vach
poiicy pay:ble to the lNoct~a{ee as ~ts ~ntercsc may appear, In the erent ~ny sum or sums of money become psyable thereunder the \tori- _
Easet shall ha~e tAe op~ion to rocuve and apply the s~me on account of the indebtedness hercby securcd, or to permit the ~Inrtgagor - F
- [o rece~ve and use ~t, or an^ patt thereof, withou~ thereby waivma ot in°~pairing any equity, lien, or t~~??t under and by vutuc of th~. -
moct6sse. In event of loss or physical dama6e to tht mortgaged proptrty thc tilott6agot shall 6iyE inknedi~te noticc ~hereut by rr.ail t~~
~hc \1wt~asec anJ the \1M~~aEee may make pruut uf lo~~ i! th.~ ~amc ic nni made prumpUOb~tht ~lortgaaor. In erent of [we~l~~wrc ot -
, , ° 800K~t7~ ~q~Ez'~'8'~