HomeMy WebLinkAbout3521 ~ ~puol~ 'd~~ al~!1 ~ ~~e~~sq~
1'R11~ 1111~11. :~l_1kAYS. tha~ if the \turtg;,gor shall pay untu ~he \lortaagee thr ~ndebtedness ev~dtnced by a
~t~tain prum~~~ur~ oott ~~f whi~h the foll~w~ng ~n w„rds anJ f~~ures ~s a true c~~py to-wit: ~
~ l ~?~te ~
~ s 2,300.00 Fort ierce,
i Florida December 7, 72
~
~ !'OR VALLE RECEI~'~D We~ j ointly and severally, p~mice eu pay
~ cvz z~Te cue~TUn
ltl ifl! Vttici vi
th~ p~iocipd eum of TWO . ThOUSSri ree uT] re ana`rio% 1~~-- pp(,L4RS, logether with intercsl
~ t}ereon from date at the rate of ten pecrent. per ennum u~ti! maturity, both principai and interest being payable in lawtul money uf
3 t~e United Jtates tt 2244 8iscayne B1vd., A1i~mi. Florida, or at wch other place as the holders hereot may designate in writing.
P~ncipal and interect payable in in~Wlmen4+ a~ [oliow~:
Fifty ($50,00) Dollars per month, beginning on the lSth day of
February, 1973, and continuing on the 15th day of each and every
month rhereafter until paid in full
.
This eote may be prepaid in whole or in part atter one yeat from the date hereot upon paymeet of a penalty equivale~yt
io f~ve percent of the principal ssm ptepaid. `
~ Each in~tallment payrrient ahal! be eredited Crat on the intercst due, and-the remainde~ on principal; and interr•t ~hal) tbrre~i
}'j upon cease upun the principa~ so etedited.
! I The makers and ~ndorsers of this note Eurther agree lo w~ive demand, notice of non-payment and pwtest, and in thr event ssuit
~ ~ ~I~all be brought for the collection hereo[, or the same has to be collected u p o n demand ot an attorne y, to pa y ceasonable attorne
y'~
r~ irr. !or maki~g such collettion.
+ Deferred payments he~eunder shdl be~r interest at the nte of ten perccnt per annum fwm maturity until paid.
I 7'his notc is secured by a na~ge of even date herewith and is to be conatrued and enforced according to the I:ws of the
~tate of florida; upon defautt in the payment ot p~ncipd andlo~ interat whcn due, the whole aum of principal and interest
~ rcrruining unpaid shall, at the optio~ of the holders, become immediatcl due and payable. -
~ ~ ' ~i _ '--~t
~ ` (SEAL)
~J~ ^ r~- ~ CG'I ~ ~ I (SEAL,
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ar~J shali per(~~rm, cumpty with and abide by each and ever~~ the stipulations, agreements~ conditions and cove-
nant~ of +a~d promissory note and of this dced, then this deed ~nd the estate thereby created shail cease and be
null and ~•oid_
1. 1'he ~lortgagor hereby co~•ena~ts and agrees:
fal Tu D.+Y alt and sm6ular the p~nc~pal and interest and other sumc of money payable by v~rwe of sa~d ptom~ssory note and th~s
drrJ, ur c~thrr, prumptly on the days rcspecuvely the +ame stverally becomes due.
1h~ To perm~t, cortun~t vr su[fer no r•aste a~d to mainta~n the improrements at a{1 umcs ~n a state ot good tepa~r and eonduia~, and to
dn or permlt tn t~e done to sa~d prem~ses nothin6 that will alter or cMn~e the use and cAatacter of sa~d propetty or in any r~y impau oT
araken the se.urity of this mwtga6e. aod ~n case of the refusal, neElect or mabil~ty of the Mottsasor to tepav and maietaie said proper-
, [y, ~hr \lurtga(eee may, at h~s opt~on, make such repa~rs or cause the same to De made, and ad~•ance moneys in that behal[.
l.l To pay all and c~n6ular thc uxes, assessments, leY~es, Gabil~ties, and obl~eatioos of every naw~e on saiA Qesctibed property each
~nd ~~ety when due and payable accordm6 to lar, before theY become dolinquent, and to deliver to the Mortaasee on or before March
15th of each ye~r tar reeeipts ev~dencin6 the payment o( all law(ully ~mposed taxes for the precedins ealtndar year, to mdemn~(y the
\tatRs6ee upon h~+ demand foc all taxes, azsessments and char6ts that may be assessed upon th~s mottta6e on tAe indebtedness s~-
' ~urrd hcrrb~, rnd paid by the rt:ortga~ee, ~~thour rcgard to any lax~ heretotore enacted or hereafter to be enacted imposm~ ~aymrnt o:
~ thc +holc .~r anv ~art thrreo( upon the ~lortga~ee.
~ Id1 To pa~ ull ~nd s~nEular the costs, charges and c~penses, ~ncluding Iawvers' tees and abstract costs reasonaDly mcurred or pa~d at
; an> e~mt h~ thr ~lvrigagre because o( [he fa~lure on the part of the Sfvrtga6or to pertorm, cumply w~th and ab~de by eacA and ever~• the
~ .t~putatu.n+, agrcemcnts, conde4orts and covenams ni sa~d prom~ssory note and this deed. a e~thet, and every sucA~payment shall bcar
~ in~~rr>t from datc at the nte of tcn I IlP ) per centum per annum. .
i
Ir1 G~. further covenanted and a~red by sa~d pa~t~es that ~n the e.~ent ot a su~t be~ne inshtuted to foreclose this mort6a6e, the Alat- •
gagcc .he11 be ens~tled ta apply at any time pendin6 such (oreclosure su~t to the court hav~ng juusdiction thercof ta the appomtment
nf a recr~ter nf all and sinaular thc mort6ased property, and of all tents, mcomes, profits, ~ssues and revenues thereot, ftom whatsoeYCr
f uwrc~ drn~ed: and ~heroupon it is hercby expressly covenanted and adreed that the Court snatl (orthwitA appoint such receiver w~th
' the u.ual poy'erc anJ Jut~es o( rccener. ~n I~ke cases; and said appointment sh~ll be mada by the court as a matter of striet nsht to
~ thr \fort a ee, and ~~thop~ refrrence ro thr ade uac o: made wc of the valut o[ the
g g q ~ q y propcrty heceby mort~s{ed, a to the solaency
~~r ~n.nlcency ~.i the ~tortsagas or any other part~• de~enJant to such smt. i'he L;Wigs6'vi `e:cb; s~rc:(:ca!!y raiv!s tl~t ?i~br ro nb~ect
~o :hc ~ppo~ntmcnt of a rece~rer ac atrnesaid and hereby expressly consents that such appomtment shall be made as an adm~tted eqwty -
~ ana a. a ma~t~r of ab.n{ute nsht to the Slortga6ee and that tht same may be done without notice to the Nortsasor,
i -
~ It ? 1~ torc.l~~wre pr~.cceJm6s should be ~nst~tuted agamst the property covered by iAis mortgaEe upon any other lieo or cla~m Whether
all~gcJ to be supenor or ~umor to the hen of th~s mortsage, the Mort6a6et may at h~s opt~ort tmmed~ately upon ~nstitubon o( ~ucA suu
- or Junrtg th~ pen~icncy thrreof declarc th~s mort6aRe and the ~rtdebtedness secuted hereby due and payablc torthw~th and may at ~ts
opt~on proieed to forcclose th~c mortga6e.
Igl That thr ~lortgagor r~ll keep all real and personal property nov or heteafter encumbered by the lien of :h~s mostea`e insured as may
i be reyuurd from ume to time by the Mort6a6ee a6a~nst loss by Gre, w~n.is~orm and oth~r hazards, casualUes and contmEenc~es tur ~uch
pcr:od. and ior not It.~ than ~uch amounts as maY be rcquued by the ~lorteasee and to pay promptly when due a11 prem~ums for such
~nw~ancc. The amounts of insurance requued by the Mort6a6ee sha11 be the mm~mum amounts fo~ wh~ch said ~nsurance sAall be wr~tten
and 3t .hall Ae mcumbent upon the ~lorigagor to mamuin such sdd~uonal ~nsuranee as may be aecessary to meet and comply fulty with
' all ..rmwranec reqwremen~s contamed m caid pohc~ec to the end th~t the said Mort~asoc ~s not a ewmaurot thereunder.lnsurancc
! ,hall h~ wnttcn by a company or companus approved or des~6nated by the ~tor::agee and ali p~I~c~es and renerals thereot sh~l! be held
h~ thc \I~~~tgagcr_ A!1 deUiled de~~anauons by the Nor~gaaor wh~ch a:o accepted by the MortQa~ce and all aareements between MortaaEor
and-~tor,~tglge~ rclat~ng to msunnce, no~r ex~sUn6 or he~ea(ter made, sfiall be in r~ntin~ and shall be a part of th~s mottp6e a6reement
i ~ as fully as choueJ+ cet fath verbat~m herem and shall govern both patties hereto and their successors and assi~ns. No I~en upon any of
sa~d polic~r. uf msuraace or upm any refund or return prem~um rhich may be payable on tht caneellahon or le~mmauon thereof, shall
be ai.en ~o uther rhan the Mort6a6ee, eacept by proper endorsement atfned to sucA pol~cy and approved by Mortsa~ee. Each poi~cy of
~nsur~nce sfiall h~c~ afl~xed thercto a Stand~rd Ytw York 1lortp~te Clause w~thout Contnbuuun, makins all loss or losses under tiu~h
~~I~cy payahlr eo ~hz ~{wt~agee as sts iatecest may appear. ?n the event any sum or sums ot money become psyable thereunder the ~tor~-
gagre .hall ha~c thc opt~on to rtce~vc and aDD~Y ~he same on account o[ tht indebtedness hercby ~rcuted, w to permrt ihe 1lortg~~or
ro rrcc~vr and use ~t, ix any p~rt thereuf, yithout thereby xa~vin6 or ~mpa~nn6 any oqu~ty, l~en, o~ n6ht under and by virtue uf ;hi.
- m~~rt~agc. In e~ent of loss or phyciral damage to the morrE~6~d property the .llortsagor shall 6ive ~mmed~ste nouce thereuf b~ ^~asf t~~
- ~hr ~lurigaRcc anS the \Iottgaeee may make pr~~.~f oi In~. i( thr ~ame not .m.ade promptl~ by !he \1or~gaga. !n event of furt~l~~~urc ot
i ~ ~t~k:~209 F~~,~ 5~.6
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