HomeMy WebLinkAbout1368 e~~~ •d~~ a~~ ~
f'Rl)~ lI1Fi1. \LN:~I'S. ~ha~ if thr \k~rtgaK~~r .hall ra~ unt~~ ~h~ ~Sottgagr~ th~ indchtrJnr.. L~ ~~~n«d by d
ier~nin ~~n~m~..ur~ nut< <~1 wh~ch t.:r I~~il~~~~ing in ~~~,rJ~ and f~gurc, i. a trur ~~~py tu-~~it~
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s?,]50 00 Fo_r~ pierce, _Fio~da Aug~.ist 1, t~_1~. ;
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FOR VALUE REC~IVED We ~oint lv and sever~llT~ pwmise tu pay $
~ 11p the o~de~ ot RFTTY FALK~ TR1.j,
T~ EE-_--- '
tdc p~ncipal ~um o[ Two Thousand Seven Hundred F t an no 1~pI.LARS, togethet with interest
t~ereon Irom date at the rate ot ten percent, per innum uMil matuciq, both principd and inte~est beir~ pay~ble io lawtul mo~cy of
t e United States at 2244 Biscayne Blvd.. A1i~mi, Fl.xida. or at wch other place u the holders hereof m~y desigo~te +n w~tioa•
Principal a~d intete~t payable ie inaWlments u follow~:
Sixty ($60.00) Dollars per month, beginning on the 15th day of October,
1972, and continuing on the 15th day of each and every month thereafter
until paid in £ull
Th~s note may be prepaid in whole or in put after one yeu tcom the date hereo( upon paycnent of a pcnalty equivale~t
to frve perccnt of the principal sum prepaid.
Each inrtallment payr~ient ahall be credited first on the interest due, and the remainder on principal; and intr~rt ~haN tbrce3•
upon cease upon the principal so credited. ~
Th~ makers and rndordets of thu eote futthe~ agrce to waive demand, eotice of non•payment and protest, and in thr. cvent $uit t
,{ull be brought foc thc coflectio~ herco(. or the aame h~ to be collected upon demand oE an attomey. to pay reasonable attotney's ~
~ (rr. for making such colkction. ~
: Defened payments hereunde~ shall bear intereat at the nde of ten pereent per annum irom maturity until paid.
This note ie acured by a mortgage of even date henwith ~nd is to be conatrued and enforced accordin6 to the lawa of the
~ ~tate of Florid~; upon de(ault in the ~yment of principd andlo~ interest when due. the ~+hole wm o~T principal and i~tec~est
remaining unpaid shall. at the option o~~~ ~~a~~, ~~+~~•~r aL~ •~a p.y.~~. "
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ar,~l .hall prrf~~rm, rumpl~ W ith :~nd ab~dr b~ ~:~cli and c~•er~ th~ stipulat~un~. :?grcements, cnnditions and co~~e-
n~nt~ uS ~a~d ~+rum~~,~~r~~ n~?te and ~~f thi~ JreJ, th~n th~s dred and the estate thereb~~ cteated shall cease and be
nuli and ~•u~d. ~ r
1. Thr ~hxtgag.~r hereh~ c~~~•enant~ anJ agrccs:
lel To p,~y alt and ~~ngulac the pnnr~pal and en:crc.• ar.d .~:hrr .umc of monr} payahie crttur of ±a~J p:um~~.on~ nutt anJ th~s
1e:d. rr rather. ;vompttc vn the d~}~ rrspr.ti~,•!c `~t .emr .r~rrally hrromts Jue.
t~/ 7~~ per:n~t. .~.mm~i nr .u17rr n„ we~~r ~~J na~ntain •hc e:.;proa~mrnt. at ail hmtc ~n a stare of goual rrp~et and cond~t~on. and to
d~. nr jrr:mit t~~ h~ d~.nc t~• sa~d p~ami.rs nuth~ng thn: a:ll e:trr or changt tht usr and rhatacter n: sn~d property or ~n am• ray impa~t or
wr~krn thr ~c.unt} ~+i th~. m.o::g~gc. ~nd ~n .a~c of thr rrfu.al. ~rgtert or ~na~~lu}• of the ~}ortgagor tv ttp.~~r and mainta~n .aid proper-
t~, ~h~ \1~.rtga~rc m~~, et h~s opuun, mskr ~uth tzpu~~ oc iau.r thc samr t<. br mad~, and aJ~aacr mone~. m that bthalf.
1.) Tu pay all and ~~ngulat ttie uwr., aasr.smrnts, lc~~e., ifab~)~hta, and obligauonc ot rvery naturc .m sa~d de.cnbed properry each
an1 r~e~i whrn dur and peyablr ac:orJ~ng t~~ la•a, h~i~xc t~r} becumr dehnquent, and to dehvrr to the \lortgagee on or be(ort March
ISth ~.E ea:h y~ar tai re.e~pts e~~dertcmg tt~r pa~menr ~~t alI lrMiu!!~ impo.eJ Uxes for the pre.edm6 caierufu year tu ~ndrmm(y the
\turtgagee up.m h~.. drm~nd tut ~11 ~~ac~, e~.rscrr:rni. and :ha*ges th~t ma} b~ as~essrd upon :hiti mortgage on thr'~ndebtedness c~-
.urcd hrrr^~, end pa~d by thr mntlgagre, u~th.~u~ rr~.,rd t~~ an> law heretofore enacted ~x h~rrrfter to bo eaacted ~mpos~e6 naymrnt
thr whulc o: ~n~ ~ar! thrrrof 4(~1M !}IP ~b+ngagac.
Idl 7<. pa> a!1 .,nd .m~eulrr tnr ,n~t., ,h~:tc. and r~pcn~r~, ~ncluJin~ Iaw>crs' irr~ and dtiS~fdC1 co>tc reasonably ~ncurred nr pa~~i at
.~n} t~mn c~ thr V~•r~r~grc br.au~r th~ tr~;urc ~~n ~nc part o! thr \1on~Cegur to ~riorm, comp:y u~th anS ab~dr h~ raih and c~~er~ the
.c~pul.,t;~~n., egrrcmrnt., :ond~t~onn :~nd ~u~rnants uf .a:d pr~.m~s~orc n.~tr and th~s dreJ, ~x rilht:, and r~rry such~pa>mrnt .hall bear
3m~~~r.t tr~~m datr a' th.- rat~ ~.f trn 1?1~'~1 prr :rntum prr ~nnurr. ,
tr1 I' •.s~ther ~o:rnanteS end agr~•rn Tdl, [~JI1tc'~ tAet :n thc r.rnT a( a.wt hcing ~n~ututrd to forc~:osr ihiti mort~aEr. the ~turt-
~agee ..he!1 '~r rnu!Ird to apply at anc t~me penJmg .uch toui Iosu~e nurt to thr court having ~un~l~cti~.n thrrcof fcx thr appu~ntment
:c~ri~cr ~~t a11 end ~Ifl~IUId( (~IC' lTaH(~,`dt,'c'4 pr~~prr~~, and af ~11 rent ,~ncomes, proi~ts, ~~sues an~ ~e~rnuec thercof, from ~haUOr~cr
, ~~~ur:~• d;n~r.:; a~d therru~x.n ~t e~ hrrr!+> raprr>.I~ .r~tir~rnted anS agrerd that thr C~wrt shail `urthwith appo~nt such rcceicer wrth
!h~ u.cei p~~w.:. .~nS dutir. af rc:c:'.c:. in Ickr casr.. an1 .a~J appu~ntmcnt .ha!f ~+c madr bc th~ c.~urt a~ mattcr o( .F.~<< ?,ar,~
tt~ \f~•r~Ka~rc. and u~:hnut r~frrrn~r r~• thr ~.i.•yu,,.y ~nrdryuacp o! thc valur ~~f the propert~ hercby mcr,:gaged, ~x tu thc s~l~ency
, :n.<~I1cn.~ o! eh_ Vo:tgag~u. ~~t rm nther p~•t~ ,:rf~n,;nn~ to su~h .w~. jht \1.xt~eagur heeehy sprc~ficaily wa~vr+ ihe n~tht !n ~~b~eet
tu thr .,cpointr..cn~ ut e rccencr a~ at~+rc.~;d and hrr~hc raprc~tily ...nsrnta thar s~~h appuintmrnt .hall br m~d~ ~s an admutrd cywty -
and e. J q:dU~~f ~~1 ,1I1~~:j42c' r~ght to thr \tnrtg~~trr ~nd ;Fa; ~he c3mc may bc Sone ~~tho~t nuti.e tn th~ llottgaRot. r
11 ) t~•rr, i~..rr p< <rrd~ng. ..houlJ hr ~n.t:t~tcd rEa~n.t thc property .o~r~rJ h) thi. mu~;gegr up.~n enc uihcr I~cn or .la~m wh~thrr
a!le~ed t~~ ~e .uprnvr ~x iun~rr the :~en nt thu mottgagr, Ihr \1~xtgagce ma~ at hi. upt~on immed~a~rh u~rrn ~n.hwc~cxi u~ .ueh ~u~t
~r dunng thr ~xndency thertof dretarc th~. :r.ort~c~gr e~J the ~rtdcbtrdn_... .r.:.ted hrren} ,'.u~ ana r~y~nt~ :,,~~hwith end me~ at
.+p!t,~n p::~:ctd'~+frraalosr thi: ~i:~!tg~~tr.
lg1 Th:,t thr V.+rtgagor w~11 kccp aIl rrei end •,.cn~.n~: p:~,p~•:ty noM ix heseattrr cn.umb~ced b> :hr ?~rn ~~t :hu mu.t~eage inwrel as may
hr reyu:rrd ::~.rt: temr time h~ thr ~1~~:~~eagrr aga:n.• t,~... n~ (~rc. uind.tu~m .~nd oth,r haaarJ~, ~,,.uaitie. artd .ont~ngen<<cv (or w~h
pr:;~til. enu ;~.r nur ehrn .v.h rm~>unrc e_. f7iJT DC tryuurd b} thr \turtg~gcc and tu pa> promp:i> .:hcn ~uc a:l prrmiums for ~ucfi
in.ur~nce. ihc amuunt. of insu~an:c rryuirrd M;hc ~tor~gaKrt shall Ae tht mirtimum ara~:un~c Ivr uh~ch ~,~~d :n.w~ance 1hJII hl' v.sutrn
.,r.d it .h,~t1 h~• ;~~umhrn: ~p~m t?~r \I~~r'~;.~~~n t.~ me~n~~in .u.h edd~s~unal ~n~ur~ncr a. mes hc nr:~...,,n .u mrct and ~ompl} tu11y ~+~th
ai' .wtr,.ur~ncr rcyw~rmrnt. c.m~~~~rJ ~n .a:.1 po~:.~c~ :u th~ rnd sh~t !hr .a.d \hNt~e~~x i> no• a coanwrnr :herrundcr.Inwran~c
.heil h~. ~ntttn h} a compart~ ~+r ~~~mpar.ir. ~ppr~nrS ~•r dr.~KnariJ ~y the \l:,rtg~gtc anc eit poi~. r. ond zcne•+al. ?herco', tihall br htlJ
th~ ~I~ne~~~rr. ;II dc!e~ird dc~ign,t~on. n} !nc lh~rtgrrur .htch arr a..rpted bs ihr \1vrt~rgrr enS o?; eg:eemrnt> betaern ~lortga~ror
end \tnrtg~gec relar~ng t~~ ~n~ur~nce, n~~a r~i.tzng •~r hrrcaitrr madt, she~! br in wnt~ng wnd ~hall b~ a part u~ th~~ mortgagr agreemont
tullr a. th~ ugh srt ~unh ve~bac:m herc~n and ~fi~lt ~,~~ero bi~th part~r. herct.. and ~hc~r ,uc.t.~or~ end a~s~rn~. tio tien upon any
~a~d M~!n~.. ,rt m.u:.,n,e ur upon ar~ rrfund rerarr p•rmium uh~ch ma>' be p~yabte .~n the .ance:fation or tcrmir.aUOn thereoi, .hall
~r g~~r~ :n ~•th;.r ~h~n thr \1utt~e~tcr. caccpt fiy ~~..pit rn.~.u:.r~nenl atf~nrd to .uch poiu; and apMmcd by \1Mtg~gee. F.a.h poi~~a n(
~n.~~ancc ~haG h.~.~• atiutd thrrrtu a S~en.fard \cM York \lortaaget Cla~~e aethout Cunt:~but:un, mak~ng att los. ~~r Io>.r. undrr ~u~h
,•~!n) nrpah;~ r,~ ror ~t~,rtgagc< :t. 3ntr:e~: may appear. In the c~rr.t any ~um or ~umr nF monr> hc.um~ payahlc thrreundrr !hc \L~r:-
t.,gcr .he!1 hr~r thr ~~pr~.:i~ rr..t~: ..~d _nptc i~c .amc on a.cuuni ut thc ir.dtAttdneoa hr:ch~ ._~urcJ. ~~t 1~• prt~.~? the \1„!Far~•r
r;.ritir ~nd ~nc ....r am prrt thetr~~!. v.~tn.wr thu~•by •aa~•~ng or impa:;inE ert~ rqu~ty. I~en, ,~r ngb: indr: enJ .~rtur ;h:.
m~.riga~tr. In r.;n: .t !~•s. o• ph~s~.el damaFr l~. the m.xtgagcd ,~~~perr~ ihe \turtge~r~r ~hail gti~c immrJiatc nuhce th~~rc~~f b~ t.,
thr \t,•vigngrr tn: \tortfe~[ir m.~r m~\~ ,-r . . ~1;. .~m.~ r.~~t .,,dr -p+:. . ,
_ In r~c-nt t~ti.~ ,t
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