HomeMy WebLinkAbout2879 , ~ ~o a~il ~
1'R~?~I(11~1? V.N~11>. that ~f ~hc Vurtga~~,r .hall ~a~ unto tht \Mttgag~r t4C in~ebtrJnr~~ c~~J~n~rJ M a
. rr~a~n ~~n~~ni..~~i~ nu~r ,•1 wh~~h the I~Ii~~v?~ng ~n w~~td, and f~gutt~ a truC c~~pv t~-M11
. '~'~e~t~4.~e ~~e~e 2
t 7,375.00 _ Fort Pierce, F~~;d, _ October 26, 7
FOR VALUE RECEIVED I promise to pay
to the orde~ ot RiJTN STERLING
the p~~ncipal sum oi Seven Thousand Three Hundred Seventv-five 4,~og~ther with interest
theret [rom date ~t the ~ate of tee percent, pe~ annum u~til maturity, both principd and interest being payable in law[ul money uf
the U~ited Stales at 2244 Biecayne Bivd.. Miami, Florida. oe at such other place as the holdecs heteof may designate in writin`.
Principal and interc~t payaWe in insWlmenu a~ tollows:
One Hundred Fifty ($150.00) Dollars per month, beginning on the lSth day
of December, 1972, and continuing on the 15th day of each and every
month thereafter until paid in full
This note may be ptepaid in whole or in put aftec one yeu from the date hereof upon payment of a penalty equivalent
to f~ve percent of the principal sum prepaid.
Each in~tallmeot payrrient ahall be credited first on the interest due, and the remainde~ on principal; a~d intrrr.t ~h~hrrr-
upon cease upon the pnncipal so credited.
?hc makers and ~ndonets o( thia note further agrce to w~ive demand. notice of non-payment and pmtest, and in thr eve t suit
~hall be bwught tor the collection hereof. or the ame has to be collected upon demand o[ an attorney. to pay re~sonable att~kney F
fre~ [or making euch cdlection.
, Defernd payments henunder ~hall beu intetest at the rate o~ ten petcent per annum from matu~ty until paid.
7'hi+ not~ is eecured by a nwrtgage o[ even d~te herewith and is to be conetrued and enforced according to the laws of the
~tate of Florida; upo~ dei~ult in the payment of principd andlot iniereat when due, the whole 6um of principal and intecest
rrmaining unpaid `ha11, at the optioe of the holdees, become immed'utcly due and payaWe. .
~ , ~l~ ~ '"~cr.c ~ ~ (SEAL)
(SEAL)
,~i,,t .:.,ill prri~~rm. comply with ar~d ab~de by each and ecery the stipulauuns, agreemrnts, c~ndit~on. an..
nent. ~~I .aid ~rum~+sor~~ note and ~~f th~s deed, then this deed and the estate thereby created ~hali ceasz a~d he
nuli and ~•~~~d.
I. lhr ~1~~rigag~~r hereb~ c~~~enant~ and agrces:
1~ p.~v o:: end z~nRular the ~~nc~pal and mterest and uther sums o( money payable .~rtue ot sa~d pc„m~.~„r~ c.,n.~ ,
~r:,;. e~ther. ~rompUy un the dey+ respr.t~vrly' the same sevenlly becomes due.
1 re~rtm~;_ :.rmmu ur sufter n,• +?acte a~d to ma:nU~n the ~mprovemtntc at all umes ~n a stat~ ~~f good rcp~ir and con,i~t
do :•r p.:~rs:• e,. hc Jnne .to sa~d pr~m~ses nothmE that •+~~ell alter o? chan~e the use and chancter ~~t .e~d prupers~ ~n an> w,. ~rrn.+=~ ~~r
' .caAen c• ..e, unty ~h~~ mort~a~te. 4nd in case of tAc re(usal. ne~lect or mab~hty of the \fort~a~or to repa~r an3 ma~n:.~:r ,..i acr-
•y, ~hc ~t~~rtg,Ece may, a~ his op~ion, make sucA repaus or cauce tAe same to be made. and advance moneys ~n that hc~ati.
~ l~. pa. al; rnd s~n6ular the qxes, assessmen~s, le~~es, i~ab~l~t~es, and obl~~~tions of every nature on said described prorr~~ ce.'.
,n,: r•. ~h.~ ~~r end payable acc~vd~nE to !au, he(ore thty become delinquent, and Jrl~.~r to tAe Alortga6ee on nr b~t~~•r \t~tth
~ ca.h y~er ui rece~, t. e~idenc~nE the pa>reent ot all la~fulh• ~mpoced ta~es for sh~ precedin6 calendar year, to ~ndcrrmf. the
~UYI~d~~i up.~n h„ dcmand Ior all ta~es, a~sescmen~s and char6es that may be assessed upon th~s mortsase on thc sndr~t ~^e..
.urcd h), d111S pa~d hy thr m~~rtEaRtt, w~thout rcR~rd to any law herctofore enacted ot h~rra(ter to De enacted imp~~s~nE ~,.Tr~i o;
!hc w`. ~~r am ~art thercu( upon the ~1~~rtEa6te.
1d~ 1. r~y .~'i ,ind •~n~ular thr .n~[c, chatge~ and c~prnce~, inclwi~ne IawYers' fees and ahctnct .o•ts reasnnant} ~n:urrcd ~.+~d
' T-' h~ i~,• Von~tagce b~c~u~r ~+f the fa~lurc on the par~ of thr Mort~aaor to perform, comply +rth anJ ah~de b~ ra.h an : -••r~ !hr
, ~.,r~„~., agreemrnts, condit~onc and covenants of .a~d prom~ss~xy note and th~s deed, nr e~ther, and e~ery such pa:men~
~ ts.~m detr ~r thc rate of trn I10 ~1 prr ~entum =+er ~nnum. •
~ I: turthcr .mrnant~d end aRrred by sa~d p~7t~cc that ~n the e~ent of a swt bung ins~~wtrd to forclo~e th~s ec~~rlgaR \!,.•r.
F,gr~- .h.,!t he en~i~ted ~o appl> at any t~me pend~ng .uch (orecln~ure surt to the coutt hav~n6 ;un~d~chon thetenf (or t~e a~p~~~n~nen•
• a rc, r~~ ~r ~.f ali and ~~ngular thc mo~tptaged Droptrty, and o( all rent,, incomes, prot~ts, ~ssues end +cvenue~ thercnf, hom .haewr •er
-~ur.. •.~rd and thereupon ~t ~s hcrcby- t~prt~cly .o~enanted and agreed that the C~wrt ~halt f. rthr~~h app~~~~' ~•er w:tR
~he u-•+nf puwrrc and Jut~e~ nf reie+~en ~n I~ke cace~: and ca~d appo~ntment ~h~ll be madr h~ thr .~~u~t a. e^~=-~r* .•r:c• nEAt te
n. t1, r.~c,,gcr. ~nJ .r.hout rcfr~rncr tu thr adrQua.~ madeywcY o( Ihe value u( th~ prnprr•v ~ercD~ ~~,rE~p-d. r'.•'~. ..!.r•.
r:r.,,t.cnc> nf ~hr \1o~tga6cx. or any other party dNrndant to such su~L The Mort~a(tor hercb~ rprc:fi.,:lly .r~«. thr t~gh~ ,
;u ..ppuintment uf r re~e~ver a. aforesa~d anQ hrreb) etpttcsly consents that sucA appo~ntmem .A~!( meA: a~ ~n adm~r, .1 r.•
,~n3 T3[IfI of ab~nlute r~6ht tn th~ Nort6agcc an3 ~ha~ thc came may be dnne w~~thout not~ce th- Vor~eaK~'.
i~ t!. !~~urc pn.~eed~nss .houid ^c ~.^.~t~tu•rd again~t the proptny co.ered by [h~s mortgrge upun ar.s nthtr i~cn ~-t-•
rc,! a:~ ~u~csi.a or ~umor ;n the 1~en af th:. mortgagc, the Mert6a~ee ma~ at his opciun ~mmediatcl? up~° n.trtuuon F.
L:e
~ ,.r ng ihr t+er.dency thereof declare th~s mnregage and the ~ndebtedn~cs cecured hereby d~e snd ~ayabi. :••'?t+tth a~d s' ~
~ ~•~~,r. r~:ee,! fr~c.luse tD~s mor~gaRe:
~ i`,..' :hr lto*'g~~eu: v.:ll k~ep rC rral and ~ur.~~nn' ;+ropcrty nov cx hereafter encumbercd ~v thr 1•r~ ch;~ Tnrt~ag: ~n~ure ^a~
~ tir r: yui~.d t•nm ;~mr t~, t~me by Ihc \1urtEagee aga~n.~ Inss b) f~tc. ~+ind.l.xm and other Aazar~.. cn.~.~lhe. ~~d .~,nu^Ecm ~c. u.f
r:-n..,}- .~nd ~,~r not !c.~ than cuck amounts a< me> hr requ~ted by ~he ~Iott~aRec and to paq p"•r!ptiy ~hcr auc ~I' pr. m u-. ~.,:.h
~~3~~n.:. Ihr em~~unt. of ~nsuran.c rrywred M thc \t~~rtga~tec chelt bc tht min.mura amoun~c (.~r v.h~.t. .;,;d ~n.~:er._ •.h.:,!'
.h~11 Ae ~na~mben~ upon the \1~rtEagor to mw~• t~in .u.h add~t~onal ~nsurance s~ may be nr: c.-~eet en.: •`h
.u•~r.~ r~^~u~:.-...nt. c~^+ ir. J~n ~aid p~•,..:<< the end th~t tht ~IM'Rd~M i• ~ a.n- n.u•;.t !hctrun,.~. I^ u•..n.c C
• . . . ,-~p~n~ _,-.r.~n„_ ,~~.~.o' dc~:gnytcd by the 11•rtgagte and ai' ,oi . ~J ~enc.~'~ •~r:~ ',.^a, ^ ~c~. ~
. ir._ tt ~:K3~..•r. :\'t Srtr~i~~ Jc.ign•t:~- ^•A~ \1. •~eaRn~ wh~ch are a~c~; teA Dy the Morigr~t~r ,,ca ,:1 ~Erecr*r~'. nc~+c: ~ 1~ '..+f 3
end t~n•eK~Rrr rtta+ nR r•~nturance. ~o~ ta~.tinR .a ht+eaf~~r made, shall be in ~nt~n~ and sFall b~ a per, ot T•~r•¢aKC ai• cr~-i ~
as (u:l~ ~huu~eh srt forth vcrb~t~m hettin and ~hall gn~:•ro both parucs herelo ~nd tht~r su~c~• er.d ~.s:t~.. \o t~.n ~t O
sa~d p.~l~cir. ~+f m.uun~e or upon an>' rtfund or re'urn prem~um ~rA~ch may be payable on the canie:isu~m nr re~r':rat~on ~~1ft' .`hJII ~
'+r R,~rr r., ~~~h • r'i~n ~Ar lSnrtga6te. tuept Ay pt~;.~t endorstmeOt aff~aed [o sucA pul:.~: anQ apprnved Vo:'~t,.gc^ F.+.' ; ~
N
~n.~r.~n.~ .~~l~ ~ ~:t~.rd thcre~o a S~anJard Vc. l"ork ~1o~t6a6ee Claust + !hnut Contn~u~~~~n. ^~ak~nR all lo.. . . . ~n. ' ~ C
a„t~.: p.~>a^' ~nr ~b,r~pRec e. interest Tay sppear. In the e.cnt any cum ot sums o( r. :t)' ~ecomc pa>'e~ .•c~n,c• ~
.h.,tl h~~: thc opunn e~, •e.e~.r and ap01y :hc .ame on u~.,unt of ~he ~ndeAtedntss Rrreh~ .-„rcd. , • , _ . - - ' ~.J ~
t~ .~..ni . nd • rt. ~c~ p.,rt tAtrcnf. nuho . A•. ran:n~t nr ~mpa~nn6 any tpu~tq. 1,~ ,~r nEht :.r n . . • -
m~~r+g~~e. Ir. c • 1n~. •n~s~~~l dame~t t~~ rn~ T~r'Ee([ed ptoprrty the \1ortSaRor shall ~nr r~: :~atc . ^ •
. .
th; \1.~rl~CeKrr ;hc \1,•r~.~~c:~ n ^akr pr.n.t . ~ it thr came ~c nnt ~nadc promp+:~ hti •P.r \L~r'~a~~•r. I*. . - . , . ~
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