HomeMy WebLinkAbout0832 ~ ~ i ~i .r .a "1'; ~0 ~d~aJ a~!1 '8 ~~Qr~~(~
PR(1VIDl:h, Al_N'AYS. that if the ~lurtgagor .hall pa~~ unto ~he \lottgagr~ the ~ndebtedness ev~denced by a
~ttta~n prum~ssury nute of which the foll~uing in w~?rds and figutes is a trur c~~py to-w~t:
~dH~~~ .
t 1,850.00 Fort Pierce, F~~;~ October 5, l~_72 '
4':
FOR 'I v,p We, iointlv and severally., pwmae e~ p,y
to the orde~ of ~~~~~~G~H ,
- the principal sum of One Thousand Ei ht Hundred Fif t and n~ 100DOLLARS, togethet with interesl
thereon from date at the rate of ten petcent, pa annum u~ti) maturity, both p~ncipd and inteteet being payable in lawtul money uf q
th~ United ~tates +t 2244 Bi~cayne Blvd., Mi~mi, Florida, o~ at wch other place as the holdcrs hereof may desig~~te in writirtg.
Principal and interest payable in iestallments u Iallows: ~
Thirty-five ($35.00) Dollars per month, for sixty (60) consecutive
months, on the 15th day of each and every month, beginning on the ~
lSth day of December, 1972, and continuing until the lSth day of ~
December, 1977, at which time the balance shall become due and payable ~
TAis note may be ptepaid in whole or in put after one yeu fcom the date hereof upon paym~nt of a penafty equivalent ~
!o f~ve petcent of the principal sum prepaid. '
Each installment payrtient shall be crodited Ctst on the interest due, and the rrmainder on pri~cipal; and intrrc~t ~hall thrrr-
upon cease upun the principa~ so creditcd.
The makers and ~ndorsers of this note further agrce to waive demaad, notice of non-payment and pmtest, and in thr event suit
~I~al1 be brought (or the collection hereoi, or the ame has to be collected upon demand o[ an attorney. to pay rcasonable attorney'F
frr. !or msking such collection.
Defened payments hereundet ~hdl bear intereet at the nte of ten percent per annum from maturity until paid.
7'hi+ note is eeeuted by a mortg~ge oE even date herewith ~nd is to be construed and enforeed according to the laws o~ the
~tat~ o( Elorida; upon detault in the payment of principd andlo~ interest whrn due, the whole eum o[ prin~ipal and intereat
s rcmainina unpaid ahall, at the option o( the holde~s, become immed'utely du~ d payable. ~
. ~ • l E % (SEAL)
~ ~ t-~Z ~ L~~~- ~ I (SEAL~
ar,J ,ha11 perform, cumply w~th and abide by each and ever~• the stipulations, agreements, conditions and cove-
nants of sa~d promissory note and of this deed, then lhis deed and the estate thereby created shall cease and be
null and void.
1. The ?1lortgagor hereby covenants and agrees:
la) Tu Day ai! and ~~ngular tAe pr~~c~pal and ~ntercst and other sums ot money paYable by v~rtue of said prom~ssory note and th~s
drrd, or r~thcr_ pranptly on the days rcspectnely the same se~~eralh• becomes due.
(h1 Tu perm~t, .ommit or suf(er no Waste a~d to mam~a~n the ~mprovements at a{1 umes m a state o( 6ood rcpair and condrtion, and to
~ do ur perm~t ta he Jone to sS~d prem~ses no~hing that w~ll a~ter or chan6t the use and chsneter o( sa~d property ot in any way ~mpair or ~
i +araken the >e.unty of this mortsage. :1nd m case of the tefusal, ne6lect or ~nability of the Alortsasor to repair and maieta~n said proper-
~ t~•, the blortgaFca may, at his opUOn, make such repa~rs or cauce the same to be made, and ad~ance moneys m that behalf.
~ Ic) To pay all and ~in~ular the~axes, assessments. le~'~es. I~ab~lihes, and obli6ations o( every nature on sa~d described property each
; and rvery v:hen due and payab)e accord~na to law, before they become delinquent, and to del~ver to the Mortaasee on or betore March
15~h of each year ~aa rcceipts ev~dencing the paym~nt ~.t al! larfully ~mpoced taxes (or thr precedin~ talendsr ytar; [o indemnify the
Atortgagee up.m h~. demand for all taxes, asscscmentc and charges that may be assessed upon th~s mortsa6e on the indebtedness s~-
~ured hcreAy, and paid by the moctgagee, M~thout rtgard to any law heretofote enacted or herea(tet to be enacted imposm6 payment o:
the whule ur env ~art thercuf upon the ~1~xtE~6«•
(dl To pay ali rnd s~nEulac the costc, char6es and e~jxnses, mcludma lawyers' fees and abstract co~ts reasonably incurred or paid at
am tim. hY thr \IiK~EaEre becau+e ot the fa~lure on the part of the Slortgagor.to perterm, comply w'uh and ab~de by each and every the
,t~pu(as~un., a6rcements, condihon+ and covenants ot sa~d prom~ssa~~ note and th~s deed, or'e~lhet, and every such~p~yment shall bear
~ntcrrst irom daic at thr nte of trn UO°4) prr centum per annum. '
~cl It furthcr corenantcd and agreed by said parUes that ~n thc event o( a su~t beina instituted to tureclose th~s mortease, the f11at-
gagee .haN he enuUed to apply at any Ume pendin6 such foroclosure suit to the court havin6 ~unsdiction thereot ta the aPpomtmem
o( a rece~~er o( a!1 aiul sinaular the ioortRaged prope~ty, and of all rents, ~ncomes, profits, ~ssues and revenues thereof, froie w~hatsoe~er
c.w~rr drnvcd; •nd thereupon ~t ~s hrr~bq tapressly .o~~enanted and aareed that the Court shall forthwith appoint such reteiver w~th
the u.ual pow~e~a and Juhes of rece~~ers m Gke case~: and said appomtment sh~ll be made by the court as a matler of strict right to
thr ~tortgagee. anJ without re(erence ~o thr aJequacy or ~nadequacy of the value of the proper~Y hereby mext6a~ed, or to the solvency
or in,.>{~enc> u( thr Nur~gagurs or any other part~ de(endant to such suit. The Mcx~6a6or hereby specdically vraives the r~6Nt 10 ob~ect ~
to ~he appo~ntment o( -r rece~ver as aforesaid and hereby expressly ~~sents that such appo~ntment shall be made as sn adm~tted equ~ty
and a. r maucr of absnlute righl to the hlort6aEee and that the same may be done w~thout notice to the Nottsa6or.
If ) If f~rc~lotiurr proceed~n6s shuuld be inshtuted against the property covered by th~s mort6a6e upon any other lien or claim whether
aileged to be supenor or ~m~or to the l~en of th~s mort6a6~. thc Mortaa6ee maY ~t h~s opt~on immedutely upon mstituhon of cuch su~t
ur dunng thr ~+endency thereof drelarc th~s mortgaae and the ~ndebtedness secured hereby Jue and payablc lorthw~th and may at ~u
vptum proreed to toreclost this malaa6e.
(gl Tha~ the ~tortgagor will keep all real and perconal property nor ot hereafter encumbered by the I~en of this mortga~e ~nsured as may
be reyu~red (rexn :~me to time by the Mortgasee agamst loss by hre, w~~nJstorm and o~her hacards, casualt~es and contm6enc~es (or such
penodc anJ tor not Iens than such amounts as may be requued by the Abrt`a`te and to pay prompUy ~hen due all prem~ums (or such
~nwrance. Thr amaunts of msurance requ~red by the Nortga6ee sAall be tht mm~mum amountc for wh~ch sa~d msunnce shall be +•ntten
end ~t shall be mcumbent upon the Mottgagor to ma~num such add~nonal msurance as may be nececsary ta meet and comply fully r~th
all cu-ins~rance requ~rements contained ~n tiaid pol~cus to the end that the sa~d hlatEaga ~s not a co-+nsuror therwnder.lnsunnce
.hall he wntten by a company a compan~es approved or des~6nated by the Atortaa6te and all policies and renewals Merto( shalt Ae he1J `s
hv th~ \1u~tgagee. All deta~led desisnauonc by the \4ort6a6or rh~ch arc accepted by the Mort6a6ee and all aareements betaeen Mort6a~or
and Mortgagee relat~nR to insurance, now existinE or hereafter made, shail be in wnhn6 and shall be a part of this mort6aK asreement
as fully as though se~ fath verbatim herem and shaU ~ovetn both paraes hereto and the~r successors and assi~ns. No lien upon any of
said pol~c~es o( msurance or upan any refund or ~eturn prem~um which may be payable on the cancellauon or termmauon thereof, shall
be s~~en ~o otAcr ~han ihe Mort6a6ee, except by proper endorsement affixed to such pol~cy and approved by Mottp~te. Each pol~cy of
~nsurancc shall have a!(ixed thereto a Standard Ne~v Ywk Mottp~et Clause vr~thout Contr~Dution, makine all loss or losses under +u~h
pul~cy payablr ~o ~he ~torlaasee •s ~ts mterest may appear. In the event any sum or sums o( money become payable thereunder the ~tort-
gegec .h~ll have the opt~on to rece~ve and apply the same on account ot the mdebtedness hereby secured, or to permit the \1ortE~~or .
to r~cc~vr amf use ~t, or any part thereo(, nithout thereby ~ai~ms or ~mpa~rin6 any eqwty, I~en, or n6ht under and by vutue ot thi~ •
m~KCg~ge. In ecent of loss w physicsl dama6e to the mort~a6ed pruperty the ~lortgagor shall siv~ ~mmediate nouce thereof by rcatl to
the Vurtgagee enJ ihe ~tor~6a(tee may make prouf of tos. the same ir not made pranptly by the ~lortgagot. In e~cnt of luro~ln.urc of
g~207 ~
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