HomeMy WebLinkAbout0218 ` ~ J
~St~BCt ~t ~Y~P ~ . ~ . F~OfI~
I'R1?YII~N.h. :~LNAI'S. that if the \turtgag~~r .hall pa~ unto ~he \Mrtga~~~ the ~nJebtcdnesa r~i~eocrd hv a
~rnain ~i.~~ni..ury nute ~~I wh~ch the f~ll~w~ne in w~~tJ~ and f~gures is a true copy t~~-N~t
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s 3850 . 00 Ft . Pierce F~orid. September 28 t~~Z2
FOR VALUE RECE(VED We} ~oi[ltlx S11d severally promi~e tu pay
~o eh~ ord~~ ot MAX KLE IN AND RE INA K N
the principa) sum of ree ousan lg t UQ re 1 ty an 110 DO[.LARS, to~elher with i~terr.t
thereon [rom date at the ate o[ ten percent, pet annum uotil maturity, both principal and interest bein~ payable in lawfui moncy u(
the United States al 22~ Biscayne Blvd., ~tiami, Florida, or at such other place as the holders hereoi may designate in writing.
Principal and intercst payable in insWlments as followa:
Ninety-Five ~$95.00) Dollars per month, beginning on the 15th day
of November, 1972 and continuing on the 15th day of each and every
month thereafter until paid in full.
Thia note may be prepaid in whole or in part a[tet one year from the date hereof upon payment of a penalty equivalent
to five percent ot the principal sum prepaid. .
Each installment paynient shall be credited Grst on the interest due, and the rcmainder on principal; and intercst shall thrrr-
upon cease upon the principal so credited.
The makers and endorsers of this note further agree to waive demand. notice of non-payment and pwtest, and in the event suit
~liall be brought [or the collection hereoE, or the same has to be collected upon demand of an attorney, to pay reasonable attorney'c
fer~ for making such collection.
De(erred payments hereunder shal) bear interest at the rate of ten percent per annum from maturity until paid.
This note is recured by a mortgage oi even date herewith and ia to be conatrued and enforced according to the laws of the
~tate of Florida; upon default in the payment of principal andlor interest when due, the whole sum of principal and interest
rrmaining unpaid shall, at the option of the holders, become immediately ue and payable. ~
,f~.Gl~r=~/~ ~t f ~ " (SEAL)
~I , ; (S~L)
Prepsred Sy Spiek~ & Trndrieh. A~iorner• - 2240 Bi.eayee BI•d., Miami, Fbri a ~
~?J ~i~:~ll prrf~rm, comply wi~h and abide by each and every the stipu~atiuns, agreements. conditions and c.?ti•~-
nant~ uf ~aid promissorp note and ~f this deed, then this deed and the estate theteby created shalt cease and be
null and vo~d.
1. The !~lortgagor hereby cu~~enants and agrees:
t~1 T~. pay atl and s~naular the prmc~pal and mtetesc and other sums ot money payable by ~~uwe of sa~d prom~ssot>' n~.c and ;h.~
drrd, o~ erther. promptly on the days respectively the same se~enlly Aecomes due.
~ t~' 1.• perm~t, cam~~t a suf(er no ~vaste a~d to ma~ntam the ~mprovements at al{ times ~n a state o( `ood tepau and cond~t~~~i , and to
I do „r prrm~~ ~o De done to sa~d prem~ses nothins that rvill alter or chanse the use and character of sa~d p?operty or ~n any ~.,v ~mD.~r or
; +.caken in~ secun~y o( th~s mort~a6c. And m case of ~he refusal, ne~lect or inab~l~ty of the Nort~a~or to repau and ma~nta~e ~a:d ,~•~;xr-
€ ~y, ~he !~lnrtgaEee may, at h~s opt~on, mske such repa~rs « cauce the same to be made, and adrance moncys ~n iAat hehalf.
? T~~ p~y all and ~mgular the uaes, assessments, lev~es, t~ab~l~hes, and obliptions of every nature on satd descnbed pro~+erty each
,n,: en whrn .+ur anC payable ac.ordina to laM, be(ae they become delinquent, and del~ver to tAe Mortda6ee on or Ae~ore Narch
~~ch ~t ea.:h year taa receipt. ev~dencin6 the pa}ment of all lawtull~ impoced qaes for th~ preced~n6 calendar year, to ~ndemnity the
~t~r[da6ee upun h~s demand for all uaes, asses~ments-and charges that may be assessed upnn th~s mort~a6e on the inde~~.dne.+
:ured hesrby, and pa~d by the mor[ga6ee, +rthout regard to any law herctofo~e enacted or htrea(ter to be enacted ~mpos~nE ~»men~ o:
~he M hoir or am ~art theteo( upon the \1nrtEasee.
Idl 1.~ rey all and ~m6ular the costs, charges and e~prncts, mclud~eg IawYers' fees and a?+stract co=~c reasonably incurred pa~d
.~n~ iimr by thr !11at~aEte because uf the fa~lure on ~he part of the Nor~~a~or to petform, comply ~•rth and ab~de by ~a.h anJ .rrc thr
~~~pu:at~uo~, agrecments, cond~hons and corenants of sa~d prom~ssory note and this deed, ex e~eher. and everY such~payment ~n,l~ ncar
.r.ec<<.i (~.~m da~e at the nte of ten U(Yo) per centum per annum. •
~ri 1: further co~enanted and agreed by sa~d partus that m the event of a surt bemg mst~tutel ~o forrclose th~s morigag~. '~c V.~•e-
Eagee .hail Ae enLUed to apply at any Ume pending .uch foreclosure su~t to the court having ~unsdicuon thereo( for tl~e app~~~nfexn•
~,t a recr~~er o( all and c~nsular the mort~ased proper~y, and of all rent~, ~ncomes, prof~ts, issues and revenucc thereof, from +Aatsor~er
.ourcr der~~cd; and thercupon u is hereby eapressly covenanted and asreed that the Court shall :.,rthwith app~~~R' ~u:h rcce~:er ~~th
the u~uel powers and duhes of receivers in I~ke cases; and sa~d appo!ntment shall be made by the ~ourt as a m~ner nf .snr. n6ht to
.h~ \t~~rtEa6ee, and ti~thout reference to the adequaay' w~nadeqwcy ot the value ot the proper~y heroby mort6aEed, ~K ~u :hc ~~~Itena,
.~r ~nsol.ency o( ~he Murt6asors or any otAer party delenJant to such su~t. The Mortsa{or herebp specif~cally v.aives the r~gh~ to ~•n~~•i
to [hr •ppmntme~t of a recerver as aforesa~d and hercny eapressly coneents chat such appo~ntmem shall be made as an adm~nr~ c.~
and a. a matter o( absolute nsht to the Mott~aaee and that the same may be done'w~thout nohce to the ~lortja6or.
~ 1r 1 ior.-.lowre proa:eedin~s should be inshwted against ihe prope~ty co~ered by th~s mortgage upon any other l~en or clau~ .hetMr
all~ged to bc ,upenor or junior to the lien of this mort6age, the Mortsasee may at his opuon ~mmedutely upon ~n.tituuon •i .u.A ~u~c
~
~ or dunn6 the pendenty thereot declare th~s rr.extga6e and the ~ndebtedness secured hereby due and payablr cur~hrqh and m.~y a'
opt~on pr~ceed to foreclose tA~s mott~aEe.
Ig~ Tha~ the ~1atEaaor w~ll keep all real and persona! propcrty nov on c~reafter encumbered b~ the lien uf :his mortg~gc ~nwre~ e~ ~++ay
be rc~uutd (rom time to ume by the ~lorteaget a6a~n~t loss Dy (~re, winJstorm and other hazard+. ca.~alt~e. •nd conunEenc~c~ (•~uck
period. and tor not Iess than such amounts as m~~~ Ae requ~rcd by tht Morteaeee and to pay promptly •hen duc sll prcm;u^~. ~uch
~n.u~ance. The amountn of insurance requ~red b} the ~1urt6agt~ shall be the m~n~mum amountc fur which ~a~d ~ntiuran.e ~h,,;l h~ ..r~:.•n
,n~ r.hall he ~ncumbent upon the ~tort6agor to ma~nt~m ,uch add~nunal ~nsurance a. may be ncc;•,ur. :.,:~+eet ~na .nm~t~ ~.!h
,o-~n~urance reyuirerrrnt~ cont.•in.d ~n sa~d puli.:r< ~he end th~: the ,~:d A1ori~aEcx an~ a.o-~n~uror thercundrr.l^-ur,.n~e
; ,h ~•+ri~cen e cnmpany or mpansc> •pproscl .r dc~~snated by the 11~rt6a6ee and ali poi:.:c~ nnd :enr+~:~ ~hctCn: .he~. ~c F.cl,;
tn: \~,.ctgagee. All deta~IcJ des~gnatio~- ny ~he ~1~~r~RaR~r ahich are ace~pted by the ~1ottEaRec er.J a:1 .~greeme~t. DC[Mtff1 t7. '!~CdP~I'
end \tu~~gegee relahng to ~nsurance, noM ex~stmE or hereaf~er made, ehall be in rntms and tn,;t n~ a parc of ~T~~ T.x~¢agc a~cr~ecr.t
as tu:lv a. thouFA set inrth verbat~m here~n and ~hall 6~~crn both parhec Aert~o and the~r succo~., r, and a,s~gn.. \o licr, ,f
+a~d pol~cie. ~.f in.urance or upon any retund or rerurn ptem~um wh~eh may be payable on the can~eSlatton or termir.~hon ~herr:••, ~hal!
hr ei~en u!h,• shan ihe \lortga6ee. except by pr.~per endorsement stfixed to such polu} and ~ppto~ed by' Nortg~gr~. F.a.h r~':~.
~nwrencc ~h~11 h, ~r e~t~~cd tAe:e~o a Standard \eM York 1lortsaaee Clause x:~hou~ Contnbu~~on, c+ak~ng all lo« •~r !~~~c. un~.r •u~t.
r„i„v ~.~>ani~• ~he S1ort~a6ee •s interest msy appear. In the event any sum or sums of rrnney I+ecome payah~ ,~eon~r. •.1 ~r'-
~,,g~r .Aall h~<<• the opuon tu receire and apply the .ame on account ot the mdebtedness he~ebc .-.urcd, .~r : ' t~:
to rc.rnr .~nd ~t. cx anv part thetro(. w~rt~out therrb} wat~fng « impau~ns any eqwty. I:en. cr r~gh[ un:rr .:r,~ t
m~.r~g~~e. In e., n• oi lo,. u• pnys~cal damage to the m.,rtg~Eed property the Mortppot shatt ~;•e :r.;~^ed~aic nu•~.c .
tAr \Iurt~aRee .~r~J the ~lurtgagrc m.,>• makt prout L.., i1 thr camt ~s not madt prompi;~ h~ rl~r \t.~t~~aK~r. In ,~.n~ t,.•r_ ~r: ~
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