HomeMy WebLinkAbout0829 ~ ~o •d~o~ .a~~'~: ~e~ ~S ~id
I'R~~\'1(1F~.11, :V.NAI~~. that ~f ~he \turtg~g~~r ~hall pa~ unto ~he ~lortga~Ct the ~nJebttdne~a «~denc~td h~~ a
«rla~n pt.an~..~?ty nute ~~1~ which the f~lloNina ~n wurJa and f~Rures is a truc cu~v to-wit
Ii~'d~i~~$ i~4tC
; 2,775.00 Fort Pierce, F~«;d, October 7, 72
~ FOR VALUE RECEIVED We, ioiritlv and severallv, p~omise eu pay
~ to the order ot MAX BINDEROW
~ t the principal ~um of TWO Thousand Seven Hundred Seventy-f ive a_n_c~ q, ogether with interrst
thereon Irom date ~t the rate o( ten percent, per annum until maturity, both principal and intcreat being payable in lawiul money uf
t the United States at 2244 Biscayne Blvd.. Miami, Florida. or at auch other place as the holders hereof may design~te in writing.
Principal and inteteat pay~blt in irutallments u Iollowr
Sixty-five ($65.00) Dollars per month, beginning on the 15th day of
December, 1972, and continuing on the 15th day of each and every
month thereafter until paid in full.
This note may be prepaid in whole ot in put after one yeat from the date hereof upon payment of a penalty equivalent
io five percent of ihe principal sum prepaid.
Each installment payment shall be credited first on the intertat due, and the remaindtt on principal; and intere~t :hall thrrc-
upon cease upon the principa~ so credited. " -
The makers and ~ndorae~s of thia note further sgree to waive demand~ notice of non-payment and pwtest, and in thr event suit
,iull be brought tor the collection hereof, or the same has to be collectcd upon demand o[ a~ attorney, to pay reuonable attomey't~
frr, for making sucfi collection. '
Deferred payments henunder shall bear intere~t at the rate oi ten percent per annum from maturity until paid.
7'his note is eecured by a mortgage of even date hcrewith and is to be conetrued and enforced according to the laws of tht
~ ~tate of Florida; upon detault in ths payment of principd andlo~ inte~eat when due, the who~e aum of princi al and interest
rrmaining unpaid shatl, at the option of the holde~s. become immediately due ~nd payable. ~
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:,aJ ~i~all prrf~rm. comply with and abide by each and every the stipulatiuns, agreements, condit~ons an.~ c.?<<-
nant~ ~~f ~a~d promissory note and of this dced, then this deed and the estate thereby created shall cease and be
null and vo~d.
1. The \tortgagor hereby cu~•enants and agrees:
le1 T~~ pey all and s~n6ular the ~xinc~pal and ~nterest and other sums o( money payable by v~rW! of said prom~ss~x~ no.c anJ ;h,~
d~rd, or e~ther, promptly on the days respect~veiy the same severally Secomes due.
j 1.• perm~t, canmu or suf(er nu waste and to ma~num the ~mprovements ~t a{1 hmes ~n a state et good repav and condu~o~ , and to
! do nr prrm~~ tu b~ done to sa~d premises nothins that w~~ll alter or chan`e tAe use and chancter of sa~d property or in any w,v ~mpa~r or
v.raken thc cecunt~• of th~s mort~ase. ~nd ~n use of the rcfussl, nealect ot mab~l~ty of the Mortsa~or to tepa~r and ma~eta~n ~e:J p•~;xr-
~y, ~he \tortpEee may, at his opuon, make such rcpa~rs or cauce the s~me to be made, and ad~ance moneys m that beMlf.
1 Tn p~y all and ~~n~ular the qaes, assessments. le~ics. I~ab~I~ties, and obl~pt~oas of every nature on ~aid descnbed property eacl~
~ ~n,; ery rhrn .~uc and payable accord~ns to law, be(ore they become delinquent, and to del+ver to the Mort6aeee on or betoce March
(~th ,,t ea.h year tax rtceipts ev~dencin6 the payment of al! lawful!y ~mposed taxes for the precedtn6 calendar year, to ~ndemn~fy the ,
\1~xt6~6ee upun h~s demand for all tues, assessments and cAaraes that may be assessed upon th~s mort~a`e on the ~ndcbt:dne~~
vred he:rby, and pa~d by the mort6aece, ~ithew~ re~eard to any law heretofore enacted or hercafter to be enacted ~mposmE ~~>mcnt o:
~h~ ..h,.lr nr am ~art Ihereo( upon ~he AlortEa~ee.
Id~ 1.• pry atl and ~mEular the .osts, charges and taprnses, ~nclud~ng lawyers' fees and abstnet co~tc reasonably mcurrcd D~~d
,,r.~ rimr hy thr Alori~aEee becauce of the fa~lure on ~hc part of the Nortgagor to perform, cumply ~~th and ab~de by racA and •.~rv the
.~~~~:~n~m~, agreements, cond~hons and covenants of sa~d prom~ss«y note and th~s deed, or edher, and every such~payment ~h.:! ecar
.n~~r„t (rom date at the rate of ten UO°'ol per centum per annum. •
~ I: further covenantcd and agreed by sa~d partses tha~ ~n the e~•em o( a suu bem6 ~nst~tutrd to forrclose th~s mor~Rag~, +nc V~~~~-
g~~ee .hatl be en~~~led to apply at any umt pend~~g ~uch (oreclosure suit to the court havins ~uncdict~on thereo( tor the app~~~ntmen!
.,f a reccner of all and c~n6ular tAe mort(taatd property, and o( all rent~, mcomes, prof~ts, ~ssues and revenue~ thereof, from uhatsoevcr
.ourcc Srr~ved: and thereupon ~t is hereby exprecsly covenamed and asreed that ehe Court chall f.,rthw~th appomr ~uih rcce~+er r~~h
~he u~uel po~re~c and dut~es of cecei~en ~n Gke cases, and sa~d appo~ntment s~all be made by the court as a mae[~r ~f ctr~c~ n6ht to
.hr Vortgagee, and wuhout roference ~o tht adequacy o+ madequscy o( thc value ot thc property hereby motterEed, ~~r ~o :he ~~~I:en~;
or ~nsnlv~ncy o( the ~lortga~ws or any other party JNendant to such su~t. The Mortga~o: hereb~ spec~(~cally •+aives the nsh~ w„n~:c
to tRr •ppmntmen~ o( a rece~ver as aforesa~d and hereAy ea~essly consrnts that such appo~ntmem shall be made as an adm~n.J e.~
and e. ~ mauer ot abcolute n~nt to the Mort~aEec and that the same may be done w~~hout nodce to tht \1or[~asu!.
It 1 1.` (orc,lo~ure pnxeed~n~s should be inst~tuted aga~nst the property co~ered by th~s moctga6e upon any other litn or cla~m .he•h-•
all~ged to be .upenot or junior to the I~en ot this mat6age, ~he Mw16a6ee may at h~s opuon ~mmedutely upon ~n.htuuon •i ~u.h .uu
~r dur~ng the pendency thereof declare th~s mortgage and the ~ndebtedness secured hereby due and pa>ablc :.,;thwith and m.,y
~ op~~on proceed to toreclose th~s morlsaRe-
Ig~ Th.t the \1ortEagor r~ll keep all real and personal property now~ a hereafter encumbeted b> ihe I~rn uf :h~s mort~agc m.ured ~^ay
~ bc rrquucd frrun t~me to time by the Mort6asee ata~nct loss by hrc, y~nJstorm and other hazards, ca.urlt~e. and conunEenc~c. t•.u~F.
p~r~od. and tor not tess tAan such •mounts ac m.y be reQuued Dy the Alortdagee and to pay promptly •ahea duc •f! prem~u^~. .uch
~n.mencr. The amount~ of msuronce requued by thc ~turtgagee ~ha~l be the m~n~mum amoun~c tur xhich ,a~d ~n~uran.e ~h.,il h~ n
m~ -h~ll be ~ncumben~ upon the ~1ort6agor to mairta~n su:A add~uonal insuronce a~ may be n~c;"a~. t.~ neet ~na .nr~pty '~i~> +~~h ;
,,!I ,o-~r.curance r~yuire:nrnts cont. ~ned ~n ~a~d p~~I~r.e~ to the end th~t the .~:d \1or!RaRor u n~• a.o-~n~uror !hereunJcr.1^-ur,,n~c
.h ..nttcn ~v a cnmpany or .r~npanic~ rpprmed ~r dc~~gnated by the \lnrtga6ee and •{I rol~.~r~ nnd renr.~h !httrrrt .~e~. ~c ~cl.,
h~ tn: \~,ntgagc~. All detailcd de~~gnet:o~- h~ tAr ~t~,rt~agor wh~ch are acce;ted by the MotlgaRer ar.d e't .,Rreemr^t. oct~t-n ~i ~tK~Po•
end \lorigagt~ rel~t~ng t~s msurance, nor ex~~t~nE or hercafter made, sAall be m wnunt and shall Ac a part of +h~. m~rrqage eerrece~t
as [u:lv e. ihuuath sct fortA verbaum here~n and ~hall gmcrn both parhes hercto and the~r succe~~~•r~ and ass~En+. Vo her. ~p -,~y -~t
sa~d p~.lic~rs ~d m.urance or upon any retund or rc~urn prem~um ~rhicfi may be payable on the canecil~hon or termmaUOn cAerr ~hall
~t e~~en t~~ oth,• then ihc \lortga6te, eacept by prupe[ endorsement affixed to such pol~cp and approved by~ Nort~t~Ere. Fa~b ~.';~ti ~ t
~nsuren~c .h~1I h,.r •tt:ied tAere~n a StandarJ ~icw York ~lortsa~ee Clause +:~hout Contr~bu•~on, makinR all lo~.:~r'^.~r~ una:r •uc!.~
p~~h.~ payablr ~he ~Iortpgee •s it~ ~nlerost may •ppeat. In thr event any sum a sums of mnney hecomc paye~~ `.rrunJer `.t •r:=
~.~gr~ .h.ll haa< ihe option to rece~~r and apply the same on account of the indebtedness he~ebc ._~~red, or : ' t~: r.•~.
~o rc~rn. .~nd ~t. or an~ part thereot. witAout therrbc waic~ns or ~mps~nn6 am epui~y. L•en. or nEht un a~•r ..r.~
m.~r+6a6e. In e~.n• ui In~, u• p~ysical damage to ihe m:~rtg~Eed ptoper~y tht \tortga~or sha:l ;e,^~ediatc nn••.:
thc \1urlEaRet .~nJ the ~tor:g~gea m~~• makt prouf ~ i 1.,.. it thc came n~t ^~adr prump~;~ M1~ ~l~r V~;!KaKur. In ~tirn; "t t~.•z. _ ~,r
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