HomeMy WebLinkAbout0221 Abstract & title ~f,~y: of Flori~a~~~3~.~
I'R~?\ Int•:1?. :~I_NAI~~, that if the ~lurtg~g~~r .hall pay unto the ~lortga~rc the inJebtCdnC~a r~ ~JencCJ h~~ a
~.r1au~ rr~~m~~~u~y nuie ~~1 vvh~~h the fo11~N~ng in wurda and f~gures ~s a trut cupy to-w~t
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-~~00. QO _ Ft . Pierce 7i~X~ Flotida September 28 t~ 72
FOR VALI!E RECEfVED We, jointlv and severally promise co pay
to the orde~ of MAX KLEIN and REGINA KLEIN HIS W FE.
t~e principal sum o[ W~~ ousan 111@ ttri re an ll0 ppI.LARS, togeth~~ with interrst
tFyereon irom date at the nte of ten percent, pec annum until matutity, bolh principal and interest being payable in lawful money oi
tF~e United State~ at 2244 Biscayne Blvd., ~liami, Florida, or at such othe~ place as the holders hereof may designate in writing.
Principal and interest payable in inatallmente as followi:
Si:cty-Five ~S65.001 Dallars per month, beginning on the lSth day
of November, 1972 and continuing on the lSth day of each and every
month thereafter until paid in full.
~ This note may be prepaid in whole ot in part aftet one yesr from the date heteof upon payment of a penalty equivalent
~ to five percent of the principal sum ptepaid. .
' Each instailment payment shall be credited Crst on the intercst due, and the remai~der on principal; and intercst ahall thrre-
~ upon cease upon the principal so credited.
'The makers and endoreers of thi~ note further agne to waive demand, notice of Aon-payment and protest, and in the event auit
;iull be brought for the collection hereo[, or the same has to be collected upon demand oi a~ attorney. to pay reasonable attorney'a
i frr. [or making such cdlection.
Deferred paymenta hereunde~ snaii bear intcreat s: ~:e af Len percra! per annum from maturity until paid.
Thi~ note is eecured by a mo~ge-of even date herewith and is to be conatrved and enforced according to the laws of the -
~ ~tate o( Florida; upon detault in the payment oi principd ~ndlor intereat when due, the whde eum oi principal and interest
rrmaining unpaid shatl, at the option of the holders, become immediately due and payaWe.
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Preparcd br svkkr dc Ta~drieh. A~co~+er~ - 224o eYayne B.d.. `lo.wi !
~r~J .l~all prrf~rm, comply with and abide by each and e~•ery the stipulations, agreements, conditions anei c.~~~-
nant~ uf ~a~d prom~ssory note and ~f this deed, then this deed and the estate theroby created shall cease and {~e
null and void.
1. The 111ortgagor hereby cuvenants aod agrees:
le~ To pey all and s~n6ular the prmc~pal and ~ntercst and other sumc of money payable by ~utue of sa~d promissor~ n,~.e end th,~
drrd. ~~r either, prompUy on the days rcspect~vely the same sevenlly lxcomes due.
I'~ 1,• rerm~t, commu or su(fer nu Waste a~d to ma~n[a~n the ~mprovements at all t~mes ~n a state o( good repa~r and cunl~uur, and eo
i do ~~r p.•rm~~ to be dex~e to sa~d prem~ses noth~n~ that W~II alter or chanae tMe use and character of sa~d property or in any v.~v ~mpa~r ur
I Meaken m< <ecunty ot th~s mort~a6e. And in case of the refusal, neelect or inab~l~ty of tAe \tort6a{or to tepau and ma~nte~r. ~a:.: `~~p~r-
! ~y, ~he Stort6aEee may, at h~s option, make such repaus or cause tAe same to be made, and advance moneys ~n ~ha~ behalf.
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~ ~ 7~~ p~y all and smsular the taaes, assessments. lev~es, I~ab~l~ties, and obl~~~tions of every nature on sa~d descnbed property eacA
.,n.: ~ry Mhrn .+ur and payable accord~ng to laM, befae ~hty become del~nquent, and tn del~ver to the Alortga6ee on or bc~ore ~terch
~ i~cn ea.h year taa rece~pts ev~dencin6 the pa)ment of all lawfully ~mposed Uaes for the preced~na calendar year, to ~ndcmn~ty tAe
~1ot~gasec upun h~s demand fa all uxes, assescments and charses that may be assessed upon th~s mortpEe on [he ~rtdert, dne..
R :urcd ht:rby, and pa~d by the mortEaRee, w•~thewt rcRard to any lav heretofore enacted or hereatter to be enacted tmpos~nE o.~ymcni o:
thc w h..ir or am ~art thereuf upon the A1ortEa6ee.
(A~ 1~; ay .+11 and .~ngular the costc, charges and eaprnses, mcludmg lawyers' fees and absuact io~ts reason~bly incurr~d Daid
tirtc~• n~ ~hr Stor~gagee because o( the (a~lwe on ~he part of the Mortgagor to perform, comply w~th and ab~de by ~a.h and .rn ihe
.t•p~:at~un~, agreemrnts, condrt~ons and eovenants of sa~d promissory note and th~s deed, or erther, and every such~paymen~ ~hal! ~car
cccr;.c f~.~m delt a~ the nte of ten 110^0l per centum per annum. •
~~-i R~. further covmanted and agreed by sa~d parties that ~n the e~ent o( e su~t bnn6 ~nstitured to ior?clo.e th~s monRag. ,;nc \1~~•~-
gagee ~hall he ent~tled to apply at any time pend~ng ~uch foreclosure su~t to the court ha~~n6 ~ur~sd~ctux~ thereof for tAe app~~~ntnen!
~~i a rccr~~er of all and cinsular the mortsased property, and ot all renb, tncomes, prof~ts, ~ssues and revenuec thereof, from wha~soc~er
.nurcr dci~~~d; and thereupoo ~t is hereby expre~sly .ovenanted and a6rced that the Court shall f~:rthw~th appo~n~ -uch re~ci:er ~~~h
~he u~uel powers and duhes of tect~vers in like cases: and sa~d appo~ntment sh~ll be made by the court as a matter ~f ~tnc! nsh~ tn
hr \t~~rtga6ee, and ~~thout rc(ercnce to the adeqwc> o! lnade~wcy of the value of tA~ property hercby mort6~EeJ, ~~r cu.:hc -~~l.e~~,
~~r ,n.olvency o( ~he Mor~sasas or any other party delendant to ~uch su~t. The Mortgator hereby sp~c~f~cally wa~~es the r~ght tu ~.b~~•i
~o thr eppointment of a rece~ver as aforesa~d and hercby eapressly consents that such appo~ntment shall be made as an adm~ttcJ r.~ r.
and a. matter of abcolute n6h~ to the Mort`a6ta and that the same may be done w~thout not~ce co the ~1ort~agor.
1? ) fur;,l~~~ure pnxeedin~s shoull be insuwted aga~nst the property cn~ered by th~s mortgagc upon ar.y other l~en or cla~m .he+her
;4 dllf([tA to bc supenor or junior to the lien of this mor~6age, the Mort6a6ee may at his ophon ~mmed~ately upon ~n.tituuon •f .u.A .u~t
^''iT or dunng thr pendency thereof declate ~h~s mortgage and ~he mdebtedness secured hereby due an3 payabtr :~~rthw~th and m.+y a'
~ opt~on proceed to foreclose th~s mortgaEe-
r" Ig~ TAa~ thr ~1ortEagor will keep all real and persona! propcrry nov or hereaftet encumbered by ehe I,cn uf :h~s .^.~ortgage in.u~es e~ Tay
~ Ae rrquurd (roen ume to t~me by the Mor~6agee aga~n.t loss by hre, w~~nJctorm and other hazar~+. ca~~eltee. and conunEenc~e~ !-~uct
~ penod~ and ~or not less tban such amounts aa m~~~ be required by the Mortgagec and to pay promptl> .hen dur all pr~m~u^i.^~ -uch
~n.urence, The amounts o( msurance reqwred M thr ~1~~rtgagec ~hall be the m~n~mum amountc (ur which ,a~d ~n.uran~e sh,,il ~c n
,n~ ,h~ll be mcumbent upon the ~1ortEagor to me~nt,~~n ,u.h adduional insunnee r. may be nrc:-,~~• ::~eet ar.u ,nr~p:~• ',.~ly +:!h
,.'t ,~~-~n~urancr rtyu~rt.r.cnt~ tont. ~nrd ~n said p~~lu:t< tn the end th~t the ~a.d ~tort~C,~gcx n~ a:o-~nsuror .herrundrr.l -u.an~c
.h .nr,cn e ~ompanc or ~~Tpaner• ap~+rn~~! a dc~~gna~ed by the \lnrtgagee and •it poL.,.~ .snJ :ene.~:. ~he:rr~r .^.a.. hct.,
ti~ te:~\I~•rtga~ter_ 411 dela~IrJ dt~iEnat~o~- A~ thr \1~~r~QaRor ,h~ch are acce;ted by~ the MortgrRec ~r.d ~:1 .~grcemr~t. oet~r.n .•fe~,i•
end St~r~gegee rel~r~ng ~nsurance, now ex~~t~n~ or htreafter made, shall be m wnt~n6 and shall b~ a pert ot +hi~ ~rnr~pagc a¢r~ere^t
as (u:h a. thouieh srt tnrth verbahm herem and ~fiatl gmem both parUes herc[o and tAeu succe•.~ and atisign.. `a loc^. ~p "f
.a~d p~.l~c~rx nf m.urance or upon any retund or re~urn prem~um Wh~ch msy be payable on the canie:t~t~uo ~x ~erR,~r.ai~on iher~:~•, ~he{:
~r Encn t~ uth.~ ~hen ~hc Slortga~ec, racept Dy pr~;er endorsement affiaed to such poli:~ and approved by \tonEag:~. Fa.h ; ,
insurancc +hall h, ~r •tt~aed theretn a$tandarJ \cw York llort6a6ee Clause +-~hout Contnbu~~ors, mak~n6 all lo« '~.~r~ un~.r •uir.
p~~l~c~ pa~ahl< ~he Nor~ea6~e as ~f+ ~nlerest may appear. In the event any sum or sums o( money h«umc payah' _rcuna~~ '.t r'-
K: gc~ .h..ll h~~~• ~he npt~on to recenr and apply the xame on account of the ~ndebtedness hereb~ .r~ured, . • ch; t' .
~o r..cnr .,nd ...r ~t. or anv part thereo(. wuho~t IFCf:•D: `AJI\Iflg or impa~nng anq eaw~y. I:tn. er r~ght un :cr .,n~ .
m~.r~gage. In e,.n~ ot lo~. u• phYs~cal damagc tn :he re,r.g~ged property tAe ~lortsagor sha,t ~:.e :c~-cdiaTC nn••.,
th: \lorlgagae .~nd tht ~1ort~Cagre m.,> nake pr.~oi i.~.. it ihr sart:e ic not ~naJr promn~:F fit 'hc \l ,r!KrK^r. In cr.; „i t~ •r
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