HomeMy WebLinkAbout0532 PR(1~'tDt:l), AI.NAYS, that ~f thc ~lurig~gar, shall pa~~ unt~~ ihr \lortgagr~ thr ~nJebtedness evidenced hy a
certa~n prum„~ur}• nutr ~~f wh~ch !he fi~llow~ng in wurds and f~gures ~s a true c~~py to-w~t:
'lJ~s~t9~e
je ~~st~
s 5,475.00 Fort Pierce, ~;d, August 26, ~q_ 7
FOR VALUE RECEIYED I promise to phr
eo the orde~ ot WE S F
the principal sum of ~~V@ Thousand Four Hundred Seventy- f ive an a, ogether with intc~+est ~
~ thereoe (com date at the ate oE ten perceet~ pe~ uinum unti) msturity~ both principal and interat Sein~ peyable in law[ul money o(
the United Statcs at 2244 Bacayne 81rd., Alismi, Florida, or at wch other place as the hddux hereof may desig~ate in writin~.
, P~ncipal and interest p~yibk in imtaUrnenta ~ tdb~n:
~
One Hundred Twenty{$120.00) Dollars per month, beginning on the 15th
day of November, 1972, and continuing on~the 1Sth day of each and
every month thereafter until paid in full
This note may be prepaid in whola or in put atter one yaar ftom the date heteof upon payment of a penaity equivaleet
~o five percent of the principal sum ptepaid.
Each inataltment payment ahall be credited fust on the inter+eat due, and the remaindet on principal; and iotere•t s:hdl there-
upon cease uEwn the principa~ so credited. ' ;
The m~kera and endonen of thiu ~ote fucther a~nt to waive demand, notice of non•p~yment and p~otest, and in thr event ~iit
~lull be bmught for thc collection benot. or the ame has to be collected upon ckmand of an attomey, to pay reuonable attorne~• i
frr~ (or making sitch cdkctio~. .
Deferred paymen4 hereunder ~hall beu interest at the nte of ten percent per annum [rom ~aaturity untii paid.
This note is acuad by ~ awrt~e o[ even date herewith and 'a to be comtrued and enfomed accoeding to the laws of the
~tite of Fioridr, upon defwit in thepa
ymeet of principd andlo~ intsrat wheee due, the whde w~m of principal and intere~t
rtmainini unFaid shail, at t1~ option of the holdees, becoene inimediately due and paya6k.
~ •
~ ~~:~'~.~<<._f~t•.~,:~~ << <r<< _ ~s~~~
(SEAL)
~
i
~r,~ shall perform, comply with and abide by each and ever~• the stipulations, agreemtnts, conditions and cove- j
nant~ o; said promissvr~~ note and of this deed, then this deed and the estate thereby created shall cease and be
null and void.
1. The ~brtgagor hereby covenants anJ agrees=
1.~1 T~ pay all and c~ngular tht prmc~pal and i~terest and other sums of money_payabtr hy v~rtur of sa~d p~omissory note and th~s
dr:d, o~ rtthct, promptly on ~ht days resptcti~ely [he .rmr ct~'erully becomts due.
}
lhl T~~ perm~~, r.Hnmu ax suf[er no waste aaJ to main[aro the emprovrments at aU hmes m a state ot good repav and conduion, anQ to
do or permit to bt done to said prem~srs noth~ng that will alter or chanbe the use and character of sa~d property or m any way impau or
~ ~~eaken the se.uruy of this mort6a6t. And m case of the re(usal, ne~lect ot inab~lity of the Mortgagor to repair and maintaen said proper-
ty, the ,liort6aFcr may, at h~s opteon. make such repairs or cau~e the same to be made, and advance moneYs in ehat behalf.
f.1 To pa~~ alt and s~rtgular the taaes, assessments. le~~~es, liabilities, and oblieations of every nature o~ said described property each
p and r~eey rhen due and payable accordma to law, befott they become delinquent, aod ~o delirer to tht Mortaa~ee on or before March
._~ti .•.a. r,: rrceipts ev~dencin6 thc payment a( ali law(ully impased taxts [or the pretedina cslerxiu year, to mdemnity the
r~~1. ~l` :..~~A~ .1n~r4 a
'v
i+~.t~At.~ ++.r~n hi. demand fa all taxes, assecsments and char6es ~hat may bt assesscu upon ini~ mwig.ge u: e~.._.._ -
, Q cureJ hereby, and pa~d by the mortga6ee. wi~Anut regrtd to any iaw~ beretaore c~acied w ~.~c~c.::::: ~e c.^.ac.;~ i:s;^sir.s ~eym~ar
thc whute or am~ .+art thrreof upan Ihe tttortEagee.
~ Id) To pa~ all and .~ngular the costs. charRes and rapcn~es, mcluding lawyrrs' fees and abstract co~ts teasonably ~ncurrod or paid at
an> hme hy thr ~f.xtgagr~ br.au.r of ~ha [ailure oo thr patt of the Siortga6or to per(orm, comply ~•rth and ab~de by eaih and evetp the
~ at~pulai~un., ageeemrnts, conditwns aod corenants of sa~d promissory nMe and this deed, ot t~ther, and erer3 such~payment sha!! bear -
~ntrrr>: frum datc :~t :hr nte of trn ! j0°~l per rentum pe: annum. .
~ Irl h ~s furthrr roti•rnanted and a6rted bY said parUes that ~n 1he e~~en~ of a smt bc~ng mst~tuted to (orcctose th~s mcrtgase, the ~fa[-
i gagee ~rall be enutled to apply at any t~me pending such (oreclosure suit to tho court havinE ~ur~sdichon thereof (or the appointment
4 uC a rccai~cr o( a11 and singular the mcx16a6ed property, and ot att rcnts, ~ncomes, protits, ~ssuts and revenues thereof, from whatsoe~•er
i s~wrcr den~ed: aad thereupon rt ~s hrreby expressly ~o~~enanted and a6tted that the Court shall forthwith appomt sucA rece~ver w~th
the u>ual puwr:~ ~nd Juhes uf rc.ei~en m Gke casrx; and sai3 appo~ntment shell be madc by the court ac a matter of strict riaAt to
i thr ~f.atgagee. and v.~thout rcfercncr ru thr adrquacs o• madequaey of the value of the proprrty hercby mortgaged, or to the sohency
.~r in.ohrncy nf the Nortgagex~ i.r any other party drlendant to such suit. The Atortgagor hereby specif~cally warves the nght to ob~rct
t~i thr appo~ntment o( r rrce~ver as aforc.aid and hereby eapressly consents tha[ such appo~ntmeot shall bt made as ~n admrtteJ equ~ty '
and a. a mattar uf absolute nght to the ~}ortgagec and that the c~rne may be dnne w~~thout notice to the ~1ott6a6or. ~
tf ? If f~recl,~.urr pr~.cred~ngs shouW be ~n.tituted against the property co~ered by th~s mortgage upon any other lien or claim whether
alleged to hr supenor or ~un~or to the han of th~s mortga6e, the Mortsp6ee may at hic ophon ~mmed~atcly upon institut~on o( yuch su~t
or during thr pendency thereot declarc ih~s mcxtEage an.i ~ht ~ndebtednrss secured hereby due and pa}ablc rorthwith an~i m~y ~t itti
uption pro~erJ rn ~oreclose th~s mortga~te.
(a1 Th~t the 11~xtgagor w~ll ketp all real and persunal pcuperty eov a hereafter encumbered by the I~rn o( :h~s mortaa6e ~nsu~ed as may
br reyuired lrom ~~me to time by the A1ottEagee aga~nst loss by hre, w~nd.torm and o~h:r hazards, cacuah~es and cont~nEenc~es (ur such
pcnods and ~or not less than such amoun~s as m~y be requ~red by the A1or~gagee and tu pay promptl) •+hen due all prcm~ums for sucA
in.urrncr. Thc amounts of msunnce required by the ~lortgaget shall be the min~mum amountc fur which sa~d msunnce sha11 be vnntten #
and ~t .hall be mcumbent upon the Afortgag.x to ma~nta~n ,uch addihonal insu~ance as may be nrcr.,ar} to meet and compty fully w~th
i a!I .o-~n.urancc rcywrrments cuntameJ m sa~d penc~:ec to the e~d th~t tht s~id ~fort~aga ~s not a co-~nsuror thercunder.lnwtance '
.hal! br rntten by a cixnpany or compan~e. appro~cd or des~15natrd by tht Nortaa6te anJ ail pol~c:es and reneWais thercof sha11 be held ;
h~ th~ Stuitaagre. A11 deta~led des~gnat~on. by the Uortgagor Wh~ch are acccpted by thr Mortga6ec and aH a6rtements between ~1ort6a@or
end titortgagc~ relat~rtg to ~nsurance, now ea~sung or herea(~cr made, shall be in ~ntin; and shall be a pact of th~s mortgage a6rcemcnt
s a. (utly a+ though set (orth verbat~m heroin and shaU 6overn hoth parties hereto and tht~r tiuccessors and ass~gn~. No Len upon any~ uf i
E ~a~d poltcu. of mwrance ur upa? any refund or rctum prem~um which may be payable on th~ canceliahon or term~nsteon thereof, .ha11
~ be g~~rn ro uthrr than the ~fortgagee, exrept by proper endorsement aff~aed to such pohc_: and approved by \lat6a~ee. Eac~ poticy ni
insurance shall ha~e atfixed tAereto a Standard New Ywk \lort~a`te Clause w~~hout Contnbuuon, mak~ng a11 ?os~ or losscy unJcr ~uih
~ ;.ul~cy payablr tu the ~tortgagee ~s ~ts ~nterest may appear, ~rt the evertt any sum a sumc of money bc~ome paY+ble thereunder thc \turt-
k g,~Rrc .hell ha~r the opt~on to rccei~c and apph• the samc on accuunt of the indebtednes! hr.eby ~r~urcd, or to pcrmit thr \tnrtga¢~~r
~ !o f~~l'IYC and use ~t, cx any part thereof, w~thout thertby waicmg rx impainn~ any equity, Ircn, or n6At undrr and hy tutuc o` th:.
~ m~rrtRa~e. M erent of Ic,ss or phys~ial d~mag~ tu the mortg~~ted proper~y the ~lortgagor shall g~ve ~mmea~a[e noucc thrrc~~t by T,,~1 t~~
~ ~hc ~~ortgrgie•.~nd the \tortgagre may mak~ pruof ~~i to~. ;f thr .ame i. not ~nadr prumptl~ b) thc ~1ur.gagor. In r~rnt ~d 2u~e~l~~~urc o(
f .
~i,Qt ~Vt~ r•',~~;
- - _ _ - - - -
- ~.L~~