HomeMy WebLinkAbout1429 L .r
1'R1)~111F:1). :~LNAl'S, that if the \turtgago~ .hall pa~ unt~? ~he \tottgag~e thr ~nJtbtedness rv~danced by a
crttam ptu~ni.~ury~ nutr ~~f v?h~ch the foll~w~ng in v?urds and ~igures ~s a true c~?p~~ to-w~t~
~ 925 .00 _ Fg,rt Pierce ,~a;d; , June 10, ~n 72 •
FOR VALUE RECBIVED I ptomire to pay
to ehe order o! NAT FRIEDMAN AND TILLIE FRIEDMAN HIS WIFE,
~he p~ncipal wm ot Nine Hun red Twenty- ive an no 1 pOLL4RS, togelhe~ with•ineeK<<
theaon fwnn datc at the nte o( ten percent, pe~ annum until maturity, both principal and intere.~t beinR payable in law(ul moncy uf
the Unitcd 5tatu at 2244 Biacayne Blvd., !1liami, Florida, or at wch other place as the holders hereof may desianate in w~tin6.
F'rincipd and intercat payable in in~Wlmcets a~ (ollowr ~ ~
Thirty ($30.00) Dollars per month, beginning ori the 15th day of August, ;
1972, and continuing on the 15th day of each and every month thereafter '
until paid in full ~
This note may be prepaid in whole or in put alter one yeat ftom the date hereof upon payment ot a penalty equivalent
to f~ve percent of the pr~ncipal sum prepaid. ~
Exh inatallment paymcnt shall be credited Crst on the interest due, ar~d the remainder on p~incipal; and intrrr~t ~hall thrrr-
upon eease upon the principa~ so credited.
The m~kers and endoreers of this note (urthe~ ~gree to waive demand, notice of non-payment and pmtest, and in thr event suit'
sha.1 be btought (ot tht colicction hereaf, o~ the ame has to be cdlected upon demat~d o[ an attorney. to pay reasonable attorney'a
fre• for makin~ such cdleetion_
DefeRrd paymenta hereunde~ shd) bear intercat at the rate of ten percent per annum fwm maturity until paid.
This note a xcured by a mo~e of even date herowith and is to be construed and entw+ced according to the laws of the
~tate of Ftorida; upon defauli in the p~yment ot principa) aodlo~ i~terest when due, the whole eum ot principal and i~tcrest
remainina unpaid shall, at the option of the holdcn, become in~mediately due and payable.
L L~ .~-r i _ (SEAL)
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:?r~d ,hall prrCorm. cumply w~th and ab~de by each and e~~ery the stipulations, agreements, conditions and cave-
ndnts uf sa~d pmmi~sor~• note and ~~f this deed, then this deed and the estate theroby created shall cease and be
null and ~•~~~d.
t. The \k~rtgagor hereby covenants and agrees:
le) Tu ~vy all and c~n6ulat the pr~nc~pal and mtere~t and other sums of mone)~ pa}able by r~rWe of sa~d prom~ssory note and th~s
derJ. or either, prexnptly on the days respec~i~ely~ the +ame sr~erally becomes due.
1~? To perm~t, :omm~t or suf(er no ~aste a~d to ma~nta~n ~hc ~mpru.cments at all Umes m a sute ot good repau and cundu~on, and to
du or p~rm~t t.+ be done tu sa~d Mem~ses nothinE that Mill alter or chan6e the use and charaeter of sa~d property or m any way ~mpau or
uraken the secunty of this mort6a6e. And m case of ~hc refusal, ne6lect or mabiluy ot the lrlurtgasor to repair and mainta~n ~ud proper-
ty, fhe SNurtgaFee may, at h~s opuon, make such repaus or cause the same to be made, and aJ~ance moneys m that behalt_
i (.1 T~ pay all and ~msular the taaes, assessments, ir~~ec. I~ab~{ihes, and obGptions of every natute on sa~d desctibed property qch
E ~nd r~ery rhen due and payable accord~ng eo laa, before ~Aey becane delinquent, snd to deliver to the Mortaaaee on or be(ore March
~ IStA of euh year ua rcce~p~c evidencm6 the pa)ment of all la~rfully ~mposed taxes for the precedms ealendar ytar, to ~ndemn~fy the
~ \lortgagee upun A~. demand for all taaes, a.sec~mentc an.i charges that may be assessed upon th~s mwt`aae on the indebtedness c~-
~ .ured hcrcb>, ami pa~d by the mextgagee, ~~tAout ~cgrrd to any lav hereto(ore enacted o~ herea(ter to be enacted ~mposin~ ~ayment o:
~ thc uhulr ur anv ~art thcrcuf upon thc 41nrtRa6ee.
~ Id1 T~~ pa> all .~nd s~nEular the c. st~, charg~s and exprnu~, ~nclud~ng la~vyers' (ees and abstract custs reasonably ~ncurred rx pa~d at
: any ~,mr hv thr ~kx~EaEre becau.r u( the iailure ~in ~hr p~tt of the Slurtgr~ot to per(orm, cumply vr~th and ab~de b> each and every the
~ .npulatu.n+, agreements. cond~t~ons and covenants of ~a~d prom~ssory nMe and th~s deed, or uther, and every such~payment shall bear .
~ :n~crrst trom d+~e at thc raie of trn UO`f~l per .entum per annum.
~ (ri 1: fur~her co~•enanted and a6rced Dy sa~d pa~t~ec that m the e~en+ o( • su~t br~n~ msututed t.. foreclose thu mortga6r, the ~turt-
a geg~c ~hell tie cnt~tled to apply at any time pendma such (oreclosure sun to the court hav~na ~urisd~cuon thereot for the appo~ntmeot
~ ~~t a rccc~~er uf all and s~n6ular the mextRascd property, and o( all rentu, ~ncomes, prohts, ~ssues and rerenuts tAereof, fros rhatsotver
~ .ource drn~rd, arnf thereupon ~t ~s herehy rxpressly .ovenanted a~d a6reed tAat the Court shall (orthw~th appomt such rece~ver ~~th
thr u.uel p~~.c~~ and Juucs of rece~~er., ~n hke ca.c~, and ca:d appointment xhall he madr by the court as a matter ot stnct n`ht ~o
~ th~ ~k*r~gaEec, an1 w~tAout re(errnae ~hr adeqwc~ o• ~nadrywcv of the value o( the property hereby m~xtsaEed, tx ro the sohency
~ en.nRenc~ ~.f the \forrgag~x. or an~ nthtr path dr(enJant tu such .u~t. The ~1ixt6a~or hrrcby spec~(~cally naives the t~Rht to ob~eci
~ tu ~he •ppo~nimene o( ~ recerver a. a(~xe+aed and hercby expresslY ~~sents tha~ such appomtmen~ shall De made as an adm~aed e~u~ty
~ and s. ~ ma~~rr o: ~h.nlute n6ht t~. the \tort6~6c~ and that tAe same taay bt dcmt v~thout not~ce to the ~1ort6a6or.
lf 1 11 (ore.:~~.urc pr.KecJme~ .huu1J be inst~tuted aga~nst the property co~ered by thu mo~tga6~ upon any other 1~en or cla~m whethcr
allesed !o br wpericx or ~un~or to the hen of th~s matp6e, the Mort6a6ee rnayst h~s ophon immedutefy upon in.ptuhan o( ~uch su~t
nr dunnE ~ht perniency thercof declarc th~s m~xtga(te and tht ~ndeBtedness secu~ed herebq due and payable turthw~th and m~y a~ ~'s
~ ~~F~«~ D«xecd ~o [ixeclost th~s mwtgase_
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Ig? Th~r the ~f.Kt6agor r~ll kecp all real aod ~xrsunal proptrty now~ a hereafter encumbered by thc ?ien o( :h~s mortgase ~nsured as may
~ hc rtquirrd fr:.tr: :~mt to t~mt by the ~Mr16a6ec a~ainst ioss by f~re, r~rxl.~am and other hazards, caswlt~es and c~xum(tennes fot +uch
- penai. and i.x not Ic+c than such amounts as m~y be ~e~wred ~y the Maxtas~ee and to D+Y D~~D?~Y when due ail prem~ums (a such
~n.uran.r. Thr em~.unts of insurance rcyuired b> th. \turtEaRet shall be the m~n~mum amountr (or rA~cA said msur~nce shat! ~e wntten
~ er.d it .hall '+r m.umben~ up~.n the Nortgag~K t~ ma~nta~n w.h add~honal ~nsuronce an may be nece.san to meet and comply fully ~~th
' sE; .n-~n>urancc ~e~wrement~ contamed ~n }aid M,?~cu~ to the end ~h~t the sa~d \tatEaEot ~s no~ a iw~nsuror thereunder.Insur~nce
` .h.l{ hr +rit:en h~ a.om an or .nm an~e. • o~cd ~r dc~i nated by the ~tort a ee anJ all oliues and renervalc thercnf shsll At held
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thc \t.>~~gagcr. ill Jct~~lcd de~ignat~on~ by thc \tor~gacor .h~ch are accepted by the No~t6a6cc and all aareements ~etween Nort~a~or
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~ end ~lu~ig~ge~ rclat~nE tu ~nsurancc, no• ca~stmE on c~reattrr made, shall be m ant~n~ and sAal! be a part of thu mor~6a6c aareement
~ a. tult> a. ~nou~h .et fcxth verbat~m herem and shall Rovern b~th parhea hereto and the~r ~ucce.sors arsd sss~6ns. No licn upon any ut
.a~d p.iluic~ oi ~nwr~nce .x upan •m re(und or rctum ~xemium rh~.h may be payaCle on the cance:lat~on ~x termia~t~on therenf, .hali
~ hc d~.ea c~. .~~Fkr ~h~n ihe \Iwt~sEec. e:ceDt by peopee endo?sement af[~xed to wch policy and appro~ed by 1lortsa~ee. F.ach pol~cy ~f _
~n.uran.e sh~ll b~~r aff~xed Ihercto a Standard ticw York ~lort~a~ee Clause ~uhou~ Contnbut~on, maktn~ aU tosc ot losccti un.icr ~u~h
Fx~lnl pe>ahlc ~u ih~ ~Icx~~asec •ti its ~ntcrest maY ~pD~sr. In the ere~t an) sum or sums o( mnncy bec~wne payablc thcreundu thc titnrr-
~ ~e.+~Crc .h.;i h~.r :~e opt~on tn recci.c and apph' the'same on ac~ount u[ th~ mdeb~edness he:eb> .ecured, ex ~o p~rm~~ the NnrtEa¢or
•..ci~c and use c~r an> p~rt thtrco(, rrthout thercb~ wa~~~n= a impa~nnR any e~u~ty. I~en, vr t~EDt un~cr and ~v ~~rtuc o' th:~
~ rnKt6r6c. In cc:m ~,f }oss o~ phys~.~l d~maEc to the mortEagcd propcrt~ the ~1er[6aEor shall E~~e ;r..mcd~ate noh~e ~Acrr~f b~ -a.,
the ~1.+~~ + ~riJ ~he ~I.~rt r rc mec m~ke ~~i 1~~~~ ~~c .~mc nnt T,Je nti~ L b•. •he '1~Ni a~x. In e«nt ,.i lixe.:~•~~rc
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