HomeMy WebLinkAbout1688 ~pl~~l~ ~~0~ aal'8
{`R~~~'1(ll~.l~. 1LNA\~. ~hat ~f ~he \turtg~g~~r .hall pa~ unt~ ~he ~i~ttga~rt the inJebtrdnt.a e~i~tn~eJ M a
.~•t~a~n ~,r,~,ni..~~~~ nute ,~1 wh~ch the loll~~wmg ~n N~~r~, and (igure. ie a true c~~py to-wit
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~mst~e~e ~~ste
~ 5,400.00 Fort Pierce. F~or;d, November 18, ~q_ 72
FOR YALUE gECEIVED_ We, i ointlY and severall promi~e to pay
io~h~ord«o~ Morris Bergs e n an firiam er ste n s w e
the principal sum of Five Thousand Four HUri re an IIO ppLLARS, togtlher with ietetrst
th~reo~ Irom date u the nte oE ten percent. per annura until maturity. both principat and ioterat bein6 payabte in law[u! mo~ey o(
the Ueited States at ZZ44 Bircayne Bivd,, Miami, Florida, or at wch othe~ place u the hdders hereot nuy designate in writina. '
Principat aod i~tctrst pay~We in in~tallmeob~ ~ follow~: ;
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Eighty-five ($85.00) Dollars per month, for thirty-five (35) consecu-
tive months, on the ISth day of each and every month, beginning on the
15th day of January, 1973, and continuing until the lSth day of
December, 1975, at which time the balance shall become due and payable.
This eote may b~e prepaid in whole oc i~ put a[tec one year (rom the date hereof upon payment of • penalty equivalent
io five percent o[ the principal sum prepaid.
Each instaliment pay~rient ahall be ecedited Cnt on the interat due, and the t+em~inder o~ principal; and intrrr~t :;hali thrrr-
upon cease upo~ the principat so credited.
The makers and ~odonets of thie note further agree.to waive demand, notice of non•payment and pmteat, and in thr event suit
sf~ait b~ brought for the collcction hereof. or the ame has to be eollected upon demand ot a~ attomer. to pay ~easonable attomey R ~
fer~ fw maRing such coUection.
Deferred payments hereunder ahall beu intereet at the ate of ten pacent per annum tc+um maturity until paid. ~
7~ia note is acured by a nwrt~e of cven date Aerewith and ~a to be con~trued and enfonxd acc«ding to the laws of the
~tate of Elorida; upon delwlt in the payment of principd aed/o~ interest when due, the whoie aum ot principal and intee+est
rcmainina unpaid ahdl, at tht option of the holde~s, become imenedia y due utd payaWe.
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, a-every tne spputauuns, agreemerrrs-conuiuons ans c.~~•~- s
nant. u( ,a~d prom~ssor~• note artd ~~t this doed, then this deed and the estate thereby created shall ceasc and h~ r
null and ~•o~d. ~
I. 1'h~ ~lurtgagc.r hereby cu~•enants and agrees:
T,~ pey ~il and c~n6utar the pr~nc~pal and mterest and other sems o[ money payable t+y v,rtue of said prom~ssory n.,.c .n~ c~.,
~rrJ. ,.r e~thcc. prom~tly on the day~ recpect~vely the same severallY Decomes due.
1.~ ;Yrmit, comm~t or suf(er no ~~aste a~d to ma~n[a~e the ~mprovements at a11 hmes ~n a state of sood rcpau and cond~uor, and co
.+r p, n~ done to sa~d p~em~scs no~h~n~ that w~11 alter or chan~e the use and character of sa~d property or ~n any ti,~ ~mp.~r ur
v.raken r~.e:unty o( th~s mort~a6e. .4nd in cast of ~Ae reJus~l, neslect or inability o( the Mortp~or to repau and maint.ir. ~a:d p•~per-
r>, thc \1~,~tga~ee may, at h~s opt~~n, make such repaus or cauce the same to be made, and ad~ance moneys ~n that behal[,
~ 7~~ pey aIi and s~n6ular the taaes, assecsments, Itv~es, I~ab~~~hes, and obhptioes of every nature oo sa~d desct?bed pro~er.y aa.r
,n~ rry ~hrs .!ur and payable ac.~.rdm6 to ta~, A~fate they becomc detinquent, and deli~er ta the Mon=aaee on or br~or: ~1,rch
:~•n .,i ea.h ytar tax recc~,t. t~idencinF ~hc paym~nt of all lawfu!ly imposed Utes for ~he precedm~ qlendar year to ~ndemn~ly thc
»M~E~R~r upon A~s demand ia all taxes, acsrs~mems ami charges that may be assesscd upon th~s mort~a~e on the•indeet~dne~~
.ured h:•rrb~, and pa~d t+y the mortEa(tee, a~thcwt regard to any lar hrretofore enacted or hereaher to be enacted ~mposinR ~.~~meni o:
, tAc wh.~ir or am' ~art thereot upon the ~1ortEa`te.
Id! l~^,~ .~11 ~nd .mgular the cos~c, char6es and exprnces, ~nclud~es lawytts' (ees and abstract costc reasonably ~ncurred pa~d o:
+,mr ihc \tortgagre bnawe ut the failure on ~he part of thc Mortga~or to pedwm, comply +~th and abide by eacA artJ .cn ehr
~ ~r~o .nn•n.., agreemen[s. canduions and coren~nts ot said proeussory note and th~s deed, ot e~ther, and every such~payment .h,l' ncar
i .nrc*~.~ Irom detc at the rate of ten /~0"~i per centum per annum. ,
~ 1: (urther co~enanted and aRreed by sa~d part~es that ~n the ecem o[ ~ su~t be~n` inst~tuted to foreclose th~s mortRaR;. ~he \1~~•r-
E ~da« .h,,ll be entaled to apD~Y anY nme pand~n~ .ucA forecloswe su~t to the eourt hav~n6 ~urisd~N~on tAt?eo! tos IAe appu~n~menc
+t a re.r~~cr of all and s~n~ula~ th~ mortEa6ed psoperty, and o( all rents, ~neomes, prof~ts, ~~eues and revenuec thereof, from whatsor~cr
~ ~~~un; drr~.•d, and thereupon rt ~s hercby exprcssly .ovenanted and adteed that the Court shall forthw~th appomt ~uch rece~rer rith
i che u~ue1 powrrc anJ dut~os of :ece~a~r.. ~n I~ke caccs; and sa~d sppwntment sA~)1 be made by Me court as a macter ef ecnc~ r~sAt ?o
f nc \L~r.ga6oc. and •.uhout refcrencc ~o the adrqua~y or madequacy of the valut ot the prope~+y heteby mort6eEeJ, ~K ahc ~~I:~^~ .
! .~r ~n.~,l.ency ~~i ~ho ~t..nga~as or any o~her party detendant to such su~t. The Mwt~seor hetchy sp~c~fically +a~ve~ tAe nghr rt• .n:. c
~u thi- rDpo~nemenl uf ~ receiver av aforesaid and heret~p eaprecsly coasents that sueA appomtment sAall be madt as an admiucJ
i and e. matter of ahaolutt n6ht to the ~1ort6aEee and that the ~ame nuy be done w~thout nouce to the ~1on~asor.
1 1 t,•.., l...ure pr~keed~n~s should be ~nsutwed aEamst the property rnvered by this mort`a~te upon any other I~en or cla~r~ .he•h~~
' rllrged tn br .up~noc or jumo~ eo the heo of [h~s mor[sa6c, the AAort6asee may at h~s opt~on immedutely upo~ :n.b~uuon •i .u.R .u~~
~ M dur~ng ihr ~+endency thereof declarc th~s mortgage and ~he ~ndebtedness secixed hereby due and va}'ab'._ :~•:thwrth and m r,, .
upr~on n•~~.ecd ~o lorec:use ~his moriE~E~-
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v~ ~K~ Tr.,c the ~lorcgrga x~Sl kcep atl real and persnna! p:operty nov a hereafter encumbered by the l~en uf :h~c mortga~c ~n,ureJ ~•y
~ hr rryurt.•d :cnm t~me r~~ eime by the \lurtRaEre a8aen.• lnsc by f,re. w~rWsiorm and othtr haz~rC~. c..~a!tie. •r.d contmEenc~c, t•.ucf.
3~ re•ud~ ,nd t~r not !e>c tAan such amounts a~ mac h~ re u~red A the \lort a e~ and !o a~ ~oe~ tly +hen Juc •It
~ Q Y 6 6 D) D D pr~m~u~~ ~o• .uch
~~~r~n:.. Thr am~~unt. of insuran.e rrqwred thc ~t~~rtgaRce sh~ll bc the mm:mum amount~ (vr ahi.h ,~~d ~n.ur~n.e ~h,,~l
~ ,n.. :.c~!! Ae ~nai.mnent upon ihe 1}onaagor to ma~rt~m .u:A addit~ona{ ~nsurance r. may be nec~••,an t„ :r:et~ an~ .•ir~~:. ~.th
b .u•.~ncc ~ u~rcrnt~ conr m.d in ~~~J R E
~ ~ d T v p.•1~.:~~ rn ~ho end th~t the .~:d \1or! a or i~ nnr a.o-~nwror :AQ(COflli[f.I1~U:JOIC
t • - . a . '^p.~o~ ~~r -.pnn~r. ~Dn.•~+~e'.: ~t de.~Rnnted Dy the l1-~~T6~6t[ afla •ii pol~.:r. wnd :COCa~1~ !h~ir~~• .Ra~. Fel.~
c ~ ~ :r. t! ~r,~~~r,~. ~It .:c;~~ic~ de.:Er.at.c, ~ •~c \1 ~r~eaenr ,.h~rh are acce;sed by the ~Iott6~R~r ar.J .11 ~greem~~t, oet~e:n ~s, •~~e.P,,•
f ~ and :~caR<<. ~r'+• ~n.urancc. nor :,,;.r:nR herea(ter made, shall be ~n wr~t~n~ and s~all br a part of ~h~. T~rr~aEc erncr c-r
as lu:;~ ~n.~:.~:n t„rch ~e~n~rim herc~n and chat2 g~~rtn both par4es heretu and tAe~r succe~.. r. •nd assign.. Yo Lro ip
.a+d p~~l~crc~ n( ~n.usrnce or upen ~m• retund rx re!um prem~um whtch may De payable on the can~el{aUOn of termir,~~~on thtrc.~ ,~hrt;
: ~r (tncr u•h , c'~en ~h, lU~r!g~Eer. ~•¦.e~t by' pr~ :~ct tndorsemenl aff~xed to such ol~t'. and a
P DD~~~ved by ~tortg~gc~. Fa., , .
! in.ur..n~r .'a;' • r..•t:acC thttt'n a ~ta~dard tir.. ~•w~ Mo.ra,aee Cl~use x~~hout Contt~bu•:nn, rak~n~ ali In~c ..r~ un~+. r~
a "^.~I~.~ p.,~a^ ~1:,•taaR~r r. •.~n~eses• ma~ appear. In the e~~nt an~ sum ot sums o[ r. ~ncy ~e~ome p~Y~~• •rreunar ' ~•.t -
y .h„i h~. ,Ac ~pt~n~ r~~ •e.e~.c and spply .he <amt on ~~.uunt ol ~he ~ndeAtedness Aceeb~ .e.u~ed, ar : ~ t• -
; r<. r,~ „r aeti p,~rt tAtrco(. w~tho:.~ t`!r •b~ aa~~m6 or ~~npainna any equity. I~er.. cr nRAt un~c! .,n~
~ m.•*•g~gc. In c - nt rnvs~ral dame~t 'n !A~ ~r,r.Eag~d propcrty the \lorisapor xhall g~~t :r-~~-cSutc n„•~.. ^ ,
's thc lt~~zt~aKcc .•„f :hc 11ne~e~gc~ rt.~~ ^uke pruut 1... ~t thr esme rc rtot ~.aJc Frompt:~ A~ rh~ 11 .,^~.~rn~ In rz~r,: i~~•r. .
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