HomeMy WebLinkAbout2886 ~ ,o .d~~ ap~,~ ~ ~~e~~sqd
PR!)~'ll)t:l). :~l_NAl'S. that if thr \lurtgagor shall pa~ u~t~? ~hr \lurtgag« thr ~ndebtednes~ rvid~ncrd hy a
rerta~o pt~~ini~tiury nutr ~~f which the foll~~~~ng in N•ur~s and itgures ~s a true copy to-w~t .
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October 28 72
i 2,125.00 Fort Pierce. Florida ~ t~_ ~
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FORLVALA~~~~-L~Nti~SK~AI~i)~V~A~i~~~~ lYs - ~~.~'A~'y i
to the orde~ o( ;;~~2. ~
the principal sum o[ _ WO OuSSTl ri~ui[l"~~~WeRty- 1V@ an . , togethe~ with intenst '
thercon [tom datc at the nte oi ten percent, per annum uatil matutity, both principal and intereat bcin~ payable in lawiul mo~ey ui ~
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the U~ited Statee at 2241 Biscayne Blvd.. Miami. Flotida. ot at weh othe~ place u the holde~s hetrof n?ay desiginate io writin~. i
P~incipal and interest payable in insWlmenb aa ioqo~rt:
Sixty ($60.00) 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 ~
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This note may be prepaid ie whole oc ie put after one yeu from the date hereof upon payment of a penalty equivalent
to f~vc percent of ihe principal sum ptepaid.
Each in:t~llment payment ahall be credited fint on the ietcrest due, and the remaindc~ on p~ncipal; and intrrr~i ~ha{I t6ere-
upon ceue upon the pnncipa~ so credited.
The makers and endorsers of this note futther agree to waive demand. notice of non-payment and protest, and in thr event uu
slull be brought [or the collection hereol, or the aame has to be collected upon demand ot an attorney. to pay reuanable attorney
trr. tor making sueh cdlection.
Deferred payments herounder shdl bear interest ~t the ate of ten petce~t per annum from maturity untit paid.
7'his note is ~ecured by a nw~ge of cven date herewith and is to 6e construed and enforced ucording to the lavrs of the
~ ~tate of Florida; upon default in thepa
yment of principd andlo~ inte~eat when due, ehe whole aum of principal and intered
~ rrmainieg unpaid shatl. at the option of the holdees. ~~o~ ~n„n~a;.~iy a~~ .~a wy~~. ,
~ -'f j - . ~ (SEAL)
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: - (SEAL) ;
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ar~.~ ~hall pert~~rm, cumply with and abide b~• ~ach and erer}~ the stipuiations, agreements, conditions and cove-
nants of ;a~d ~romissor~• note and ~~f this deed, then th~s deed and the estate thereby created shall cease and be
null and ~•~~~d.
1. The '~lortgagc.r hereby co~~enants and agrees:
la1 Tu pe> a11 end s~ngular the pr~nc~pal and ~ntrrcct and other sums uf money payable by r.rtue of said prom~sswy nute and this
drrJ, or r~thrr: promptly on the days rosprcu+rly~ the .~mr .r~~rally becomes due.
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1b? T~+ permit, c.~mmet or sufter nn westr a~d to main~ain thr ~mpro.amentc at all umzs m a statt of goal rcpa~r ~nd cund~uun, and to
do « prrm~t to be done tu sa~d premists noth~ng that ~~11 alter ur change tl~e use and character ot said property or m any way impair or
wraken thc .ecunty of this mortgage. and m case of the rc(usal, neglect or mabil+~y of the Mortgagor to repau and ma~ntam sasd proper-
ty, thr ~hxtgagre may, at h~s optwn, make such repa~rs or cruse the same to be made, and ad~ance moneyc ~n that behalt.
1. )?o pay all and s~~gular the tates, asse~smen~c, It~ ~es, I~ab~l~t~ta, and obl~ga4ons of everp naturc on sa~d descnbed property each
end ~~en• rhrn dut and pa~able according to lav.. befrxe they becomr delinQuent, and to deliver to the Nort6aEee ort ot befwe MarcA
l5th of each year tax rece~pts ev~dtncmg !he payment ot all laM(ully ~mpo~ed taxes tor the preced~na calendar year, to ~ndemnify the
\t.xtaa6ee upun hi. demand for e11 taxe+, a.srs~mtntc and chargec that may be assessed upon th~s mort6a6c on the ~ndebtedness s~-
currd herrb~, end pa~d ~y thr m~atgaEtt, r~thout rctiard to any la~ heretofore rnactcd or h~rcalter to be enacted imposina payment o:
thr whulr or anv ~art thrrcuf upun thr ~1,•rtgagre. '
fd1 To pa> ai! .end sin~eular thr .ostc, ~bargr. .ind rapcn~ec, ~nclud~ng law~>ers' fees and abstnct cosis reasonably meurred or pa~d at
ar.~ timr h~ thr \1.Ktgrgre bc.au.r ~~f thc la~lute un thc par[ of the \lort~tagor to prrform, comply w~th and ab~de by tarh and cvcry tht
,upuletwn~, asrremrn~s, cwxlie~on. and ~ovenants of sa~d prom~ssory note end th~s derd, or either, and cvery sucA~payment shall bear
~ntrn•.t t~om dete at the rate ot trn 1111`z? prr centum pc~ ~nnum. .
Ir) It ~s further co~cnanted and ratred by sa~d part~rs that m the rcrn+ u( a suu being ~ns4wttd t~~ foreclosr th~s mottgage, tht A1urt-
geger .hall he ent~tlyd to apply at 3ny time pend~ng .uch foroclosure su~t to the court havin6 jur~sdictnx~ thereof fa the appmntment
~~t a recencr of aU and sm6ular tRc mcxtgaged proMrty, and o( al! rcnts, mcomes, prof~ts, ~ssues and re~enuec thereo(, trom whatsoe~er
.uuree dcrned: and thercupon ~t ~ti hrrrby raptc+sly :ovtnanted ami agreed [hat the Court chall forth~ith appomt .uch rece~ver u~th
thr u>ue! pu+rrc and dut~e. uf rc:c~~en in l~ke casr~. and ~a~d appointment shall hr made by the c~~utt is a matter of striet naht to
thr \t~~rtgrgee, r~d ,.ith~mt refrrencr iu thr ad.quacy o• ~nadryuacy o( thr Y~Illf o( the property hereby murtgaEed, ex to the .olvenc~
r,* ~n.ohcncy „f thr \lortgagm~ or an~ other part> drtendant to wch su~t. Tht \tortgagor hereoy spec~(~cally v.a~~es the r~ght ro ub~ect
tu thc appointment nf a rrce~ver a. aforcsaid and hrrcby ra~cssly cortsents that such appointment shall be made as an admitteJ eyu~ty
and a mattcr oi rh.olutc nght to the \tortgagcr rnd tha~ the .ame may be done Mithuut nouie to the \1ort6a6or,
If1 If forc~lusurc pr~Kred~rtgs shuuW bc ~n~t~tutcd aga~nst thc proprrt} c~.~ered by this rtk.rtgage upon any othrr lien or cla~m Mhrther
,allegc3 t~ be supencx cx ~unwr to the I~en o( th~s mortgagr, th~ Slortgagee may at h~s optwn ~mmed~atel~ upon m.HtuUOn of wch su~t
~w dunng th~ ptndency thereof drelarc th~s mortgage and ~ht ~ndebteJnrss se.ured hereb~~ due and payablc t«thw~~h and may at ~ts
opt~un prc.cred tu foreclose th~s mortgage.
lg/ That thr \lurtgagur w~ll kecp all rca{ and perconal prupc~ty now ur herea(trr encumbered by thc licn uf :his murig~6e insured as may
nr rcyuircd tr~m hmr tu t~me b} the \lurtg~ger agamct lo~. by~ firc, u~nd.t.xm and other hacards, caaualt~e~ and cnotingenc~es for such
pcn~.J. ~rtd ror not Ies. ~hrn such amountc 3s mnp br ~eyu~red by ihe Mortga~ee and tu pay p~ixnptl~ when due all prem~ums toc such
in.urrncc. Tht amounta oi insurancc rrquurd by thr ~tortgagrt shall hc che m~nimum emoun~c G;r wh~.h sa~d ms~rancc shsll bc rr~[trn
.~nd rt.hall ba m~umhrnt upoo thc \lortgagnr ta ma~ntrm .u:h addit~onal ~nsuranie a+ rrtey be ncce.san tu meet anJ aomply fu11y w~th
e11 .o-in.urancc rr4mrements contamcd ~n ~aid pul~c:e. to the end that the +e:d \1ortEagM not a co-msurvr thereunder.lnsurence
~hrll br wrutcn by a company or .umpan~c+ +ppro~ed or dcc~gnated by thc M~xtgagte and all pol~cirs and renewals !heceof ~hall bt held
b~ the \A:~tdager. All delaitrd de~~gnatwn. by the ~Ir~ttg3Rot ah~ch art accepted by thr Afortga~tre and all aarcement~ betyeen 1lortgagor
! ~nd Murtgrgee relahng tu msuranct, now ex~st~ng on c~reai~er made, sh~lt be in wnimg and shall be a patl of th~s matgage a6rtement
a~ fully a. ~hou~.h ~rt forth verbaum here~n and shall govcrn both panc~s hertto anJ the~r succecsors and assi6ns. No Lcn uport any of
~a~d p~h~~r. ~+t ~n.urrnce or upoh any refend or returr. premrom w~hich may be payable on the cancellat~on or tcrm~nat~on thereof, ~hall
hr g~~rn t~. oth~r than thr \tortgagec, except Ay proper endorsement affixed to such poLcy and approved by *loctga`ee. Fach pol~~y „f
~nsurancc .hell ha~r ~f(ixed tAercto a StanJard Vew Ywk Hortga6ee Clause wrthout Contnbut~on, mak~n6 all los~ or losseti unJcr su~h
pol~cy pay3hlr thc ~lortgaaee rs ~~s mt~rest may appear. In the event anp ~um or sums of moncy becixnt pay~ble ~hcreundor thc \tort-
g.~grr .hall ha~r the optwn to rr.rnr and apply the ~ame on accuunt o( the indebtedness herebq srcured, or to permet the \1n:tgaRnr
to rrc.ivr :~nd u~e ~t, or any prrt thcreu(, w~~thuut therrby xaicmg or impatripg any equrty, I~en, or nitht undcr and 'ny .~rtuc u! thi.
murt~agc. lo e~ent of los~ or physical damagr tn th~ mottgagrd proptrty the \tort6agor shall give ~mmedtate trotue the:enf uy rra~1 t„
the ~luttrrgrr ,ind thr Slortgegrc m.i~ makr pru~.( „t I,,s. ~hr .ame » not mrdr prnmptl~ M!he \lvrtgagor. In e~cm nt turc~ln~ute o(
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