HomeMy WebLinkAbout2646 ~ r~'r; ~
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1'Rl?~ Il~l~l). ~~l_KAYS. that i( thr \turtgag~~r .haU pa~ untu thr \iurtgag« thr indcbt~dnr.~ rvidenced hy a
cettain prumi.~un nutr ~~f wh~~h the I~~Ii~~N~ng in wurdti and f~gures ~s a trut c~~py t~~-N~1:
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/ ,dNF~e
~ t950.00 Fort Pierce, Flor;d~ October 28 72 ~
FOftVALUERECE1vED We, iointly and severallv, prom~~eopay
~o ehe ord« o~ Carl Mintz , Trus tee
ehe principal sum of N ine Hundred Fi f C~ and no / 100- DOLLAR.S, togethet with interr•~
thercon (mm date at the rate oI ten percent, per annum unti) maturity, both principa) and inteceat beir?g payable in law[ul moncy u(
the United ~tates at 2244 Biscayne Blvd., Miami, Florida, or at such othet place aa the holders hereof may des~gnate in writing.
Principal u~d intecest payabte in in~Wimenta a~ followr
Thirty ($30.00) Dollars per month, beginning on the lSth day of
( December, 1972, and continuing on the 15th day of each and every
I~month thereafter until paid in full.
This note may be prepaid i~ ~hole ot in part a[tet ont yeat [rom the date hereof upon payment of a penalty equrvalent
to five percent ot the principal sum prepeid.
Each in~tallment payment shall be credited first on the inte~est due, and the remainder on principal; and intrre~t ~hal) thrrr-
upon cease upon the principal so credited.
The makers and endorsers of lhia note further agree to waive demand, notice oE non-paym~nt and p~otest, and in thr event suit
~lull bc brought (or the collection hereof, or the ame has to be collected upon demand oE an attorney. to pay reasonable attorney's
~CC~ (or msking such collection.
Defened paym~nts hereunde~ ehall bear interest at the r~te of ten percent per annum from maturity until paid.
7'his note is necu~ed by a mott$age of even dtte herewith and is to be conatrued and enfoc~ced according to the laws of the
~tate of Elorida; upon delault in the payment oi principd andlo~ interest when due. the whole eum of pri~cipal and inierest
maining unpaid shatl. at the option of the holders. become immediately due and payable. , _ ~
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a~~d .hall perf~,rm. cumpl}~ with and abide by each and e~~er~• the stipulations, agreements, conditions and cove-
nants uf sa~d pn~missor~~ nate and ~?f this dezd, then this deed and the estate thereby created shall cease and be
null and ~•~id.
1. The \lortgagur hereby cucenants and agrees:
1,) T~. pay alI end ~ingular the pc~nc~pal and intrrcst and other sums of monc>~ payable by v~rwe of sa~d prom~s~ory note and th~s
dccJ, ur e~~her. ~x.xnptly un the da>z tesptrt~~cl)' thr .amr .t~crally becomes due.
'i ~hl To permit, ~ummu ur sufier n~~ w~str and to mainta~n thr ~mprovrmrnts at a{t umcs ~n a statr o( goal rcpatir and conduwn, and to
~ do o~ prrm~~ to be dooe to sa~d prrmt,rs noth~ng that w~ll ntter ur change the use and character of sa~d property or ~n any v~ay ~mpau or
j ~rrakrn the .e.unty .~f ~h~s murtgage. and ~n case of the refusal, neglect ur mabil~ty uf the !lfortgagor to rrpau and ma~ntain said proper-
I tp, ehr ~fixtgagcr mey, at Ms opUOn, make such repauc or c~use the samr to be made, and advance money~ in that behal(.
~ i,l Tu pay all and ~~ngular the taaet, a.sessmems. te~+es. I~abiLties, and obhsatwns ~.t every nawrc on sa~d descnbed property each
~ er.d reery whrn dur and payablr accordin6 w law, b~fexr they become deGnquent, and to Jel+ver tu the Mortga~ee on ur before Match
~ ~S~h of ea:h yr,r rrce~pt. ~v~drncmg ~hr pa>men~ all taMfully impoced taxrs for thr precedmg calendai ~ear, to mdemmfy the
~I~xtEagec up.x~ hi.. demand tor all taxe~, a~sec.mrntc and charges ~hat may be assessed upun th~s mortga6e on tAe mdebtedness s~-
iu~rd hrrrh~, end ~a,d by ~hr mortgagrr, w~th~.ut reF~rd t~. any law he:eto(«e enacted ur herea(ter to be enacted ~mposm6 nayment a:
thc whnlr ~~r an~' ~~rt thrrcot upon thr V~•rt~agt~.
Id> T~~ pac all end .~ngular thr co.t~, .hargr~ and e<<xn~e~, tnclwl~ng- laa)ers' frr~ and abstract co~t. rtasonablp ~ncutred or pa~d at
am t~me hc thr \1~~r+eagre br.e~.r ~~f thr la~lurr un thr part uf thr \lortgagor to perform, ewnply w~th anJ ab~de by ~arh and ecer} the
.:ipul.,!~uns, eg~remzntn, co~k1~[~una and covenants of sa~d prwnusiu}' nnte and this dced, or erther, and e~ery such pryment shalt bear
:ntrre.; fcum detr at thr ratr of tcn ISO~) per .entum pr~ ~nnum. •
(rl turthrr cu~'rnanted anJ agrred D~ sa~d pa[~~r~ that ~n thr r~cm of a su~t hi•~ng msututed tn iurcclo~r thu murtgagt, tht ~I~xt-
gaRer .hell br rnt~tlyd to apply at rny t~mr pending .uch forcclosure wit tu thr court haYing ~unsd~chon thercof for the appo~ntment
~~t e rccrner all and s~ngular ~hr mcwtgagrd property, and of aU rent., mcomes, prof~ts, ~ssues and rctienuts thereo(, from yhatsoeter
..~urc: Srri.~d, and thrreupun „ h~rrM rapre.~iy :menanted and agrced that ~hz Cuurt .hall forthw~th appomt such rcceiver r?~th
thr u.uel pu+rs. end Juhr. of rc.r~~rr. m likt cace., and .eid appo~ntment shell be made bv thr cuur: as a matter ot titnct nght to
thc \1~.rtgagcr, and with~•ut rrlrrcncr t~~ thr adryue.y r~ madeywcy ot thr ~alue o( the pro~xr:y hereby m~xeEaged, ot to the solcem~•
~~r m,~~lvrncv oi rhr Vortgagor. ~.r am other p~r~y drte~Jant tu ~uch ~uu. The \lortgagor hercb) sp~c~f~cally' wa~~'rs thr nght to ob~rct
to the appointment uf a rccenrr a. a(urtsa~d and hrrcb> rxprc~sly cunsrnts that ~uch appumtment ~hall br made as an adm~lted equ~ty
~ and o mattrr ni ehsolute r~ght to thr \to~tgagrr and that the same may be done xi[hout not~ce to the NortEaRor.
It 1!: tore.t~~~urc pr~~cecJ~ngs chuulJ ba ~n.titutrd again~t the property co~crcd by th~s mnrigage upon an>' othet lien or cla~m whethc!
~ a?le~cd t~~ hr .upenor ~x ~un~or to the 1~en of tMs mortgagr, tht Slortgagee may ae hic opuon ~mmed~atcly u~n in.t~iu[ton ~.f ~uch su~~
..r d~inng th~• Mndencp thercof drelarc th~s mexlga~te and tht mdebttdnrs, secured hereb~~ due and payablr turthw~th and may a~
~ opt:on pro.ced ~u farerlose th~s mortgaRr.
s
~ Igl That thr lturtgagur ~~11 kecp all rerl and penona! propcrty now or hereaftcr encumbered by thr I~eo uf :hu mortgage ~n~ured as mey
hr reyu~rrd i~~.m umr to time bc thr \turt~cager again.! lu.. hy tscr, w~nd>t~xm and oth;r haiard~, ca.ualue~ and .ontmgcnc~es f~r .~ch
pr.ind. and t.x not les~ than .uch amuunts as mey br reyuurd bp tht \tut~gagee and to pay prumptly when duc ~11 premiums fot ~uch
~ ~n.u~ancr. lhc am~~unt~ u( ~nsuran.c ~ryu~rr3 My thr \fortgaRet .hall br thc m~n~mum emountc fur uhich ~a~d ~n~u~ancc ~hall bc rrittan
~nd ~t .halt hc m~umbrnt ~pan thr ~fo~tgrg~•r h. maint~~n .u:h edd~uonal ~nsuran.e a~ may be nccr"er~ to mre[ and comply (ully uith
,II .o-~n.urancr reyuuement. contamrd m.a~d pulu:e~ t~. the end that the .a:d \turigagcx nor r co-mwror therrunder.lnsurance
.hall hr rntten by a compan) or ~umpanir. appeo~rd ur de~:gnateS by thr 111~xtgrgte and aif pol~c:es and [enewals therenf shal! bt held
by Ihr lt.~~t~t,~grr. All deta~led dt.~gnaUOn. hq thr \turtgagur uh~.h arc accepted by the ~lottgaErc and all agieements betwcen Nott6agor
~ and Mortgagte rei~t~ng to msurancr, nuv .a~sung on c~rerhrr made, shaU be ~n wnhng and shall be a part of th~s mortgagc agreemenc
(ully ~hough sct fnreh vcrbat~m hcrcin and ~hall go~cm both parhes hereto ano theu tiuccessors and ass~gns. No I~en upon ~ny of
~ ~a~d pul~c~r. oi ~n.urance or upon am rrfund or return premium whtch may be pa}'able on the cancella[ion or terminat~on theteof, ~hatl
~ br g~~en tu uth~•r than thr ~lottgaget, excrpt by pruper endorsrment athxed to such poluc arsd approved b~' Alortga6et. Fach poLty nt
~n~wance .hail ha~c alt~xed thcrcto a StzndarJ 1cw• York Mort~a6te Clause atthout Contnbution, making all Iosc ~~r los.r> under .u~h
~ policy p~>ablr t„ ~hc ~furtgagee en u. ~ntrrrs: may appear. In the event any sum or sums o( muney beiumr payablc thercunder chr lfurt-
g.~grc .hatl ha~r the opt~on to rrrri.r and appt>' the samr un ucuunt uf the •.ndehtedness hereby secu~ed, or to permit the V•,:c~arnr
!o rrcr~sr rnd u.c ~t, iw any patt thereuf, w•~thout thcrrbp wa~~~~ng or ~mpa~nn6 any equ~ly, litn, ut.ngh[ un~rr and b) ,~irtuc ut th~.
m~K~gage. Ir. r~rnt ~,f Ins. or phys~cel damage to the nort~teged propcr:~ the Slut[gaEor shall E~vt ~mread~ate notue therr~~f h} -a~! t•~
thc \t~xtga~trr .ind ihc \lort~t~grr mec makr prout oi I~ il thr .amr i~ not made prumpth h~ thc \tostgagor. In r~rm ~d turc.l~~~urc nf
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