HomeMy WebLinkAbout1096 1'R~?~'InF~11. •~I_NAI~. that ~f the \1u~tg~g~~r .hall pay unto ihe ~1~~tga~rr the ~nJebtrdnes~ c~i~~nccJ h~ a
.~na~~~ ~•n~m~~.~~t~ nute .~1~ Nhich the fo11~~N~ng in wutJ~ and f~`ure. ~a a trut cupy to-w~t
~dH~~L
s 3,425.00 Ft. Pierce ~~F~o~d. November llth ~~~_2
FOR VALUE RECE(VED We, iointlx and severallv pwm~e ~o pay +
to the orde~ o( NAT S
c~c pri~c~pal sum oE Three Thousand Four Hundred ~aentv-Five and . , togethe~ with intetrgt
th~reon trom date at the ate of ten petcent, pe~ annum until matu~ty, b~th p~ncipal a~d intereat beina payable in lawtul mooey uf
th~~ United States at 2244 Biscayoe Blvd., ~liami, Florida, or at sUCh othe~ pl~ce aa the holdera hereo~ nuy deaignate in writinR.
P~cipal aod intcreat payable in insWlmenta aa follows: _
Seventy-Fi~ ($75.00) Dollars per month, beginning on the 15th day of
January,1973, and continuing on the 15th day of each and every month
thereafter until paid in full.
This note may be prepaid in whole or in put after one year lrom the date hereof upon payment of s penalty equi~;alent
co five percent of the principal sum prepaid.
Each installment payrrient ahall be credited Crat on the intereat due, and the cemainde~ on principd; ansl interrst r.hall thrrr-
upon cea~e upon the principal so credited.
The make~s and endorse~s oE thia note further agree to r+~ive demand, notice of non•payment and pwtest, and in the event suit
:liall be brought [or the collection hereof, or the same has to be collected upon demand o[ an attomey. to pay resaonable attorney'c
frr. [or making such collection.
Deferred paymenta hereunder ahdl beu interest at the rate of ten perceot per annum from maturity until paid.
7'hie note is ~ecured by a mort~e oE even d~te her+twith and is to be conatrued aRd enfonxd accordin~ to the I~ws oi the
~tate of florida; upon defwlt in thepay ment of principal andlor interest ~rhen dne. tht whde sum of p~ncipa! and interest
~ rrmainina unp~id ahdl, at the option of the holde~a. DeconK ~mmediately due and parable.
~ David T. Coker (SEAL) GuY T. ~ Coker (SEAL)
Patry Coker _ ~s~~~
Prepsred ~r Spiekr Qi Tendeieh. Attorne~n - Z210 Birayne dvd.. Mi~mi. RIQid~
ar,.1 .E~all prrf~rm. comply w~th and abide by each and every the stipulations, agreemtnts, conditions an.s c.?~~-
nant. ui ,a~d ~romi~sory note and of this deed, then this deed and the estate thereby created shall cease and he
null and ~~o~d. ~
l. Thr ~lortgagor hereby cuvenants and agrees:
te1 T~+ pny all and smgulsr the pr~nc~pal and ~nterest and other sums of money payablo by v~ttue of sa~d peom~ssw~ no.e end ~h.,
~crd, or e~lAer, ptomptly on the days respectively the same severally becomes due.
7.• ~+erm~i, comm~t or suffer nu vaste a~d to maines~n the ~mprovements st aU umes ~n a state o( good repau and cond~uur , and ~u
do p. ra~~ i.. be donc to sa~d p~emises noth~nj that w~ll alter or ch~n~e the use and charscter of sa~d property or ~n any .,v cmp.u ur
i Mcrken tr: .ccunty of th~s rtwrt`age. And m case of the re(usal, ne~lect or inability of the Mortq~or to tepa~r and maintam .atd p*~~er-
~ thc tl~rigaEee may, a~ A~s ophon, make such repaus or cause the same to be made, and adrance moneys in that beh~If.
1 lo p•y ali ?nd smsular the taxes, assessments, lev~es. I~ab~lrt~es, and obl~ptions of every nature on aa~d descnbed pro~+erty ea.~
f
~ ,,na • ~n' ahrn ~!ue and payable accordms to law, befote they became delinquent, and tn deliver to tAe Mortea~te on or bNare ~1arcA
~ i~:n ea.h year taa receip~. evidencin6 the payment ot all larfully ~mposed taxes for the preeedms calendar ytar, to mdemn~ty the
~kxi6~6ee upun Ais dem~nd for all qxes, asses~menis and char~es that may be assessed upo~ th~s mort~ase on the ~ndebt.d~ecs
~ :ured hr:rby, and pa~d by the mort6aRee, aitAcwt reR~rd to any la~ herotofote enacted or heru(tu to be enacted ~mposmE o.~>m~ni oi
eht Mh~.ir .~r am• ~art thereot upoo tht !11ortEagee.
Id1 1.• ; ~y .+ll and .~eEular ~he costc, char6es and eaprnces, mclud~ng la~ryers' fees and abstraet costs reasooably mcurred pa~d o:
em t~mr nv chr \tor~gagre because o( the (a~lure on the part of the Mort6a~or [o per(orm, comply wuh and ab~de by each and ter.~ [he
.~•;,~.~t,~,n~, agrcemenis, cond~t~ons and corenants o( caid prom~ssory note and th~s deed, or either, and every such~payment .h.11 nrar
ctcr, a tr.wn da~e a> >he rate of ten (10".) per cen~um per annum. •
i.~i 1: further covenanted and agreed ~y sa~d parhes that in the e~ent flt a suit be~ne inst~tuttd to foreclose th~s ttoit6~6~, thc Va•t-
F~gee .h.ll be ent~iled to apD~Y any t~me pend~ns ~uch foreclosure su~t to the court harin~ ~unsd~ct~on thereo( [or ~he appo~ntmen!
"t a recei~cr of all and s~nsular the mor~saeed property, and ot all rents, lncomes, protits, ~saucs and revenues ~hereof, from ~hatsocLer
.ourcr denced; and thereupon ~t ~s heteby eapressty covtnanted and adreed that the C.wtt shall furthw~th appomt .uch rece~+er ~rth
the u.ual po~rerc and duue~ of rece~ver~ in I~ke casea: and sa~d appointment shalt be made Dy ihe court as a ma[ter nf c~nc~ n~ht ~o
Ar \toriga6ee, and without rcference to the adequa« or madeqwey of the value ot thr property heteby mort6aEed, ~+r cu :he ~n1.rne,
rr in.ol.rncY ot ~he ~lorsaa~ors or any other qrty detendant to sucA su~L The Mort~a~or hercby sptc~(~calty wa~~es the n`ht w.n;~~i
~ tu thr ~Dpa~ntmen~ of a rece~ver as aforesaid and herebp exptecsly consents that such appo~ntmem shall bt made as an admrttcJ c:~.~.
~ and e~ matter o( abcolute ri`ht to the Mort6a6et and that tAe same may be dnne v~thout nouce to the Nort~asor.
~ l~ ) G fn~..l~~curc pr~xeedm~s shoulJ be ~nshtuted aEa~nst ~he property covered by th:s mert6aEe upon any other lien or cla~~ .?:e•he•
ailrged to bc super~ix w jumor to the lien o! th~s mort6age, tht Mort6ssee may at his opt~on ~mmediately upo~ ~n.~itut~ao •f ~u•h ~uit
~ Rr dunng the pendency thereof declart tMs mortgagt and the ~ndebtedness secured hereby dae artd payaDl: :~.rth~uh and m, y., -
`~E upt~on pr~~ecJ to foreclose th~s mortgaEe.
`r; Ig~ Tha~ the Nortgagor w~ll keep all real and perscuia( property nov w hettafur encumbered by the t~en o( :h~s mrntga6e in~urcd as mny
~ be rrquurd irnm t~mt tn ume by the ~1ortEa6ee agam.t Iosc by f~re, w~~n~fstorm and other hazards, ca.ualue. and con:mEenc~e. i-.uch
renr.d. and tcx not lecc than such amounts ac may be rcquued by the Mort~a6ee and to pay promptly •.hen due all prem~um+',~• -uch
~ ~~u~en.r. Thr amount~ o( msunnce required h~ thc ~lurtgaRee ahal! be the m~n:mum amounts fur ~h~ch aa~d :n,uran.e ~h,,11 b~ ~ n
,n~ .hall be ~ncumbent upon the ~1ortEa6or ta ma~ntam such add~uonal ~nsurance an may be nece~~an t;r meet ana ~orpty r~i{~ ~~th
,.~-mwrance rryuirementc cont.•~ned ~n ca~d pol~c~e~ to the end that the s~:d A1wtEa6et not a co-~nsuror thereunder.l~-ur~n~t
~ r .r~rrcn -c ~ c:,mpany nr ~.mpan~e~ +p~ro~eJ or designated by the \I~ttsa~et and all poL~~t. and rener~{. the:cn: .^~i: '+r ~el.i
~G,, h~ tr: \1•~~~~ta~eee. ill deta~lcd de.i6nat~o~. h~ the \I~r~gaRor ..hich are accepted by the Mortaa6ee •r.d all rsreeme~t. oetMeen \t. rtK~Fo•
~ and ~!ori~e~Rce ret~nng h~ msurance, nor ex~shnF nr hereafter made, shall tre in ~r~t~n~ and shall be a part of rh~s mnr~~tagc eFrcert~c-t
~
~ ..~s tu:h a. ehough sc? inr~A verbahm herc~n and ~hall 6ovcrn both parUes hereto and their succe~.oro and ass~En+. ro I~en u~ -„n~ „f
.a~d pol~c~c. ~.f ~n.urance or upon any re(und or rc~urn prem~um wh~ch may be payable on the caneellat~on or term~nauon eherr.~~, ~hal!
~ n~ E,v~n uth_• ~han ih~ ~lortga6te, eicept by proper erWorsemenl a(fixed to such pol~.y and approved by!llortEa6r-. F.a.h p.~:~. :
~n.urance ,h~tt h. ~r •(fi.cd thereto a StandarJ VcM York Nwtea{ee Claust without Contnbut~on, makin6 all losc .~r t,,..r~ und,r -u~r.
~,•I~.~ pa~ati!; thr ~lon~a6ee as ~2. ~nterest may •ppear. In th: event any sum or sums oS mnney become paY+h' '''~~{c~n,fer '.t
~ r.•~c^• .h~ll h~.c the npt~on to ~e~e~~c and apply the .ame on accuunt of the mdebtednes:a hcreby.tit.urcd, ur . rr..:~ sR;
ro r..rnr ,:nd ~.c or anv par~ thereo(, r~thow iherrb~. wa~~~ne or ~mpa~nn~ any eyu~ty, l~cn, or nEht un:~rr ~n~ .,~tl:
m.~~g~~e. In e~.•^• ui fo» pnysicat damace ;he m.s~g~6ed property the \lortsagor shall ~esve :m~-ediate no~:.r r^rr:,.~ n
~ th: \1~~rtg~Ree .~•~S tAe ~lortga~rc rt~y ^+akt pra~ti ~ t 1,,.. thc same ic nn~ rr!aJe promptt~ by ~Ae !1:•r~~caKn+. In r~.•nt ~~v f~.•~, . r.•~
. ~
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