HomeMy WebLinkAbout1525 I'R1?~If)t'11. ~1_NAY~. that ~f the \turt~t~g~~r .hall pa~ unto ~he ~1~ttga~ce the ~nJebtednesa r~i~enceJ hv a
~attau? ~r.~mi~~~~t~ nutt ~~1 Mh~ch the fo1MN~ns ~n w~?tJa and f~~ute+ ~s a trur c~~ V IMM1)
~ ?~~a~F~~~ge .
= 900 00 Fort Pierce, flor;da , November 16, _ l9_72
~
FOR VAI.UE RECEIVED I P`O""~ ~O p'Y
, to the o~de~ ot L.L!CY KORSU ~ ~
theprincipdsumo[NiRe HttTt re an t1o DOLLARS.togethe~withinterest
{hereon Imm date at the rate of ten percent, pu annum until maturity. botb principd a~d inter+eat being payable in law[ul money ot
1he United ~tates at 2244 Bi~carne Blvd., Miami. Florida. or at wch other place as the holdus hcnoi nuy designate in w~ti~.
f~incipd and intetest payaWe ie in~tsllmcnb aa idlow~:
Twenty-five ($25.00) Dollars per month, beginning on the 15th day of
January, 1973, and continuing on the lSth day of each and every month
theresfter until paid in full.
Thi: note may be prepaid in whole or in put after one yeu from the date hereof upon payment oi a penalty equivalent
~o five percent of the p~~ncipal sum prepaid.
Each installment payrrient shall be credited Crat on the interest due, and the cemaindet on principal; and interc~t ~hall t6rte-
upon ccase upon the principaf so credited.
The makers and endoners of thu note further agree to waive demand, notiee oi non-payment and pwtest, and in thr event 't
slull be bwught tor the collection heteof, or the ame has to be cotlected upon dcmand oE an attorney. to pay reasor?able attom R
(rrs [or making euch cdlection.
Deferred paymeets hereunder shall bear intacat at the rate oi ten perccnt per annum Irom maturity until paid
7'his note is acured by a mort~ae of even date herewith and is to be con~trued and enforced aecordir?6 to the laws ot tl~e
~ta1e of Ftorida; upon default in the payment of principd andlo~ internt ~rhen due, the whole sum of principal and intee~t
rrmainin~ unpaid sha11. at the option of the holders, become immcdiatsly due and payablt. / ~ ~ f .
~ _ - = ' ~ ' ( .
/ ~ ~ (SEAL)
(SEAL)
.t~all prrf~rm. comply with and abide b~ each and every the stipulations, agreements, condition~ an:f c.~~~~-
nant~.~~f ,a~d promissory note and of this deed, then this deed and the estate thereby cceated shall cease and he
null and ~~o~d_ ~
1. The ~lortgagor hereby cuvenants and agrees:
~~1 T.+ pay alt and s~n6ular the prmc~p~l and interest and other sums ot money payablc hy wrwe ot sa~d prom~.sorr oo.e enS ~h.~
dred, .N e~ther, p+omptly on the days respectively the same severally Decomes due_
7.• t+erm~t, conrn~t or suf(er n., raste a~d ~o ma~nta~n the ~mprovements at sll t~mes in a state uf sood tepau and cend~uu~ . and to
~ do ~,r prrm,! to be done to sa~d prem~ses nothms that +~~11 alter or chan~e the use and cMncter of sa~d propetty or ~n any r.,v ~mpau or
E reaken tr.c cecunt~• of th~s mot~pee. ?1nd m case of the re(usal, ne~lect ot ~nab~Gty o( the Mort`a`or to repau ard maint~~r. vid ;•~,+er-
E t~•, ~he VortgaEee may, at h~s opuoo. mske such repa~rs a cauce the same to be made, and advance moneYs in iAat behalf.
g ~ 7,. pay all and ~~nsular the taaes, assessments, Ie~~es, I~ab~l~hes, and obl~~~t~ons of every naturt on sa~d descnbed prorertY cach
` en,; ery whrn .iur anC payable accord~na to IsM, befott ~hey become dehnquent, and d~lsser to tAe Mort~a6ee on or beiore Nerch
~ 15'h ea.h year ua reee~pt~ ev~denc~n6 the pa>ment of all la~.(ully ~mposed taxes [or thc prccedms qlendat year, tu ~ndem~~ly the
~foriRa6ee up~m h~s demand (or all taaes, acses~men~s and cAaraes that may be assessed upon this mort~a6e on ~he mdebt: dne.~
:ured herrby, and pa~d by the mat6aRee, wuhout reRard ~o any law herotofore enacted ar herca(ter to be enacteQ tmpos~nR ~.~}ment o:
tAe ~h,~ir or anv ~art theteot upon the ~IortEa~ee.
Id~ l~~ay .~11 and .~nEular the coses, charges and eaprnces, ~nclud~n6 la~ryers' (eec and abstraci co~ts reasor+ably ~ncurred Da~d a~
.~n~ +~rt:r h~~ thr \1w~eaEee becauce of the (ailure on the part o( the MortRa~ot to perform, coenply w~th and abide by ~ach and ,rn ~he
.t~po ,tu~n~, asreements, cond~hons a~d covenants of sa~d prom~ssorY note and th~s deed, a erther, and every sucA~paymm~ .n.tl erar
:r.r~~,.: tn,m de~e a~ the nte of ten I)0°~l per centum per ar.num. •
~,•i further ~osenanted and agreed by sa~d part~es that ~n tAe e~en~ c+f a su~t be~ng mst~tuted to furcclose this m:xtRaE~ . j~c \t~~'~-
Easee ~hell he entdled to apply at any time pend~eg cuch (oreclowre surt to the court havin6 iur~cd~cbnn thereof for the appo~nrr~en~
ot a rcce~~er ot all and smsular the mor~Ra~ed propetty, and of all rcnb, mcames, pro(~ts, ~ssues ~nd revenue~ theteot, from ahatsoe~er
.~~urcr 3cr»ed, and thereupon ~t is hereby expressly .o~enamed and asreed that the Court shall f.~rthw~th app~~n! ~uch rc~e~:er +i'h
the u~u~l powerc and Juues of rece~vet~ ~n I~ke case~: and sa~d appo~n[ment shall be made by the court as e m~:ter ~~i ~tnct risht to
hr \lortsa6ee, and w~thout re(erence to the adeqwcy ar madequscy o( the value o( ~h~ property hereby mort6eEed, ~•r cu :hc -~~I.en~,
~~r ~n,ol.encY of tAe ~1or~6a~ors or any o~het party delendant to sucA su~t. The tilort~a~or herob~ spec~f~cally ~arves the neht tu ~,n~~•i
tu thr •ppointment uf a rece~vet as afwesa~d and hereby eaprecslY ~~sents that soch appomtmem shall be made as an adm~~~rJ e,~.*.
and e~ ~ mauer of ab~olute n{h1 to the Nort~a6ee and ~hat the same may be done r•~thout not~ce tu the \1ort~agor.
) (nr~•.lnwre pr~xeedm~s should be ~nst~tuted aga~nxt the property co.ered by t2us mort~a~tt upon any other I~en or claim .he+Rer
a1l:ged to be supenor or ~un~or to the hen ot th~s mortsa6e, tAe Mort6a6ee may at his opuon immedutely upon ~n.tiwuon ~wh .u~t
~ nr dunn6 the pendency tAeteof declare th~s mortgage and the ~ndebtedness secured hereby due and payabl~ :~:r~h,?~th and m.,y .i
y3 opt~on prnceed to fortclose th~s mw~6aRe.
1~ TA.~ ihe ~1ort a or x~ll kee all real and rsona. ro c:t nov or hereafter encumbered b~he i:cn of :h~ti mort a c~n.ure~ ^:ry
K E t P P~ ~ D P Y Y E i
~ A~ rrquued irom hmt to hme by Ihe ~lorlaa~tt asam~t los~ by (~rt, w~~nds~orm and other hazaru~. ca>~alt~e~ and cootmEenc~c~ f•.uc~
per~od. and ~cx not tess than such amoums a~ m•y he requued by the Mottassee and to pay promptly when duc all pr~m~u~. .uch
~n~ucrncr. The amount. o( ~nsurance reqwred M thr ~1.+•~RaRee shall be the m~n~mum amount~ t..r +.hich ~a3d ~nsuran.c sG.,il h~ -•~c.•n
~ .n.: ~helt be in~umbent upon the \1ort6agor to mair~tain >u=h add~!woal ~nsutance a~ may be necc~~ar•. t.,:~ee! ana ,•~r^pt~. •..ih +:!h
,,,_~ncurance rtyuircmrnts cont. mrd ~n said ~~I~.:t< to the end th~t the ,•:d ~lorteaEex nn• a:o-•nsuror :hercundrr_~^-ur~n~e
~ .h F: wnr:cn e ~ompan~ or Tpani~. ..ppr.+~cd .r dc.~gnated by th~ N,,rtaa~ee and .ii pol:.:r, and renr...~. ~hc:r~~' .^.e~. ~ci.:'
ti~ ~n~ \t„i~ga~CCC. 411 Setailyd de.~Enat~o^.. n. thc \I~~rtRagor ..hich are accerted by~ the Mor~gaRer er.d etl .,areem~~t, oe~+ecn lti. •:~~F~,r
~ •nd ~Iur~~t~Rte retat~ng t.~ ~nsurance, nor eaist~nE or hereaRrr made, ~hall be ~n +nt~ns and shall A~ a parc oi +h~s ~r~x*Ragc err~ er e~t
~ as (ufi~ ~huu1eA sct iexth verbat~m hercin and ~haU govcrn both parUes hcreto and the~r succc~.. r, .nd a~s~gn.. \o I~~c vr i
~ +a~d p~licirs ~~f ~nwrance or upao any refund w rcturn prem~um rhecA may be payable on the canie::+uon nr tenr~r.~uon !herr ~,~~elt
~ ~c 6~ven r~ uth.• ~hen ~he blort6a6et, eacept by pr..~cr endorsement atfixed to sucA pot~cy and apptoved by llortE~gc^. Fa.t+ r~':..•
~ ~nc~rsncr eh~ll n..c .tt~ud tRereso a S~andard \cv. 1'ork ~lortsa{ee Clause ~:thout Contnbu~~nn, ~akm~ all loc~ •~r ?~..c~ un~:r ~uic
~ p~~li.~ pa>ah[.• the ~tortp6ee •s ~~s interest ma> •ppear. In the e•ent any sum or sums of rroney ht~ome paY'e~' 'creun~e:
K•~Krr .h~ll fi~.~ the opt~ixf ~o re.e~~r and apD~f ~he same on u.oum o( the mdebtedness ncreb. .e.u:ed, ~a :
~o r~.cnc .~nd ex zsv pars [hereof. .,~Ao~c :ree~b~ aa~s~n6 a~mpa~rm6 anr eQu~ty. I:en. er nEht ,n:cr ,:r.:: .
m~•r;j~~e. In r..n• ui in~. o• ~Ys~cal dsmagr ;o !he rr,r.g~Eed property the ~1ort6a~or chail ~~c :r^~^cdia'c no•:.: . ^ ,
Ii1: \1utlgaRte .~r~d Ihe S1.~rtgadec m~v mak~ prnn~ ~t tht came ~c nnt ~raJr prump}'~ M•Ac \1~~'tpsK^r- In ;~~_e~ u•; ~
~ . ~o~- 20~ 15?_5
_ _
~y ~ ~ <
~ ~ .F ~ .x
~ ~;x-~ - $
: - „s ~ Y