HomeMy WebLinkAbout5792 ' A'~~tract & Title C~; . cc Florida
PRl)~'InHl1. ~LN'AYS, that ~f the ~lurtgug~~t shall pa~ untu ~hr ~lortgagrt the indebtedness e~ idencrd by a
retta~n pran~.xory note ~~f wh~ch tFie follow~~g in wurJs anJ f~Eures ~s a trut c~~py to-~+~t
. ' ~ no t9
t~~050 ^Fort Pierce. flo~;di _ ece
FOR VALUE RECEIVED ~ ~O1R~ 1O ~
to the order ot WILLIAM TALL AND B NCHE ALL . S ~
the principal wm oi ~ - - - - - - - - - - DOLLARS, together ~rit1~ iaterat ;
ereon Irom date at the nee o[ ten perceat, pa annwa until nuturiq, both pr+~pd and interest bcin6 p~yable in lawful mo~ey o~
~e United Stata at 2244 Biscarne Bhrd., Miuni. E'lorid~, or at wch otber plaee as tbe hdda+ haeof ioa~+ dai6n~te ie ~rritiu~.
P rincipal and ieteee~t payable in iMtal~enb a~ IoibM~: -
~Sixty-five ($65.00) Dollars per month, beginning c~n the 15th day of
February, 1973, and continuing on the 15th day of each and every
monCh thereafter until paid in full
. ~
This note may be prepaid in ~r!?ole ot in part dtet one yeu ftom tha date heteof upon payment of • penaity equivaleat
io f~ve percent of the prineipal sum pcepaid.
Each installment paYnient thall be eccdited tust on the inteteat due, and the rcmainder w~ ptine~pd: and inte~t Khall tbe*e-
upon cease upon the principai w ued~ted•
?he makers and endoaen of thia note fu~ther a~ree to waive den~and. notice oi non-p~pme~t and protest, aed in th~ event w~it
~hall be brought tor the collection hereoi. or the wa~e has to be cdkceed upon demand o[ aa attornry. ~o p.y ~t~«~?:
trrs (or makin` weh edketioa.
Deie~ed payments herrunder ~hall beu interest at the rate of ten percent per annum fran ~aaturity unW ~aid~
This note i~ ~ecv~d by a a~ort~~e o[ enen date he~ervitl~ and 'a w be coest~ued and enforoed accorda~
~tate of Florida; upon deiwlt in the payment of priRCipal andlo~ intaeat wl~en due. the ~+hok sum af pnnc~P~~ and in~
~emainin` unpaid ~hall. at the optioa of the holders, become ~nunedjttdp due and Wr~• .
' ~ ~ (SFAI')
Sf C
.l•' ~ (SEAL) ,
I "I /
ar~~ shall perform. cumply w~th and ab~de by each and e~•er~• the stipulations, agreements, conditiuns and cove-
nants of said promissor~~ note and c?f this deed, then this deed and the estate thereby created shall cease and be
null and ~~oid.
1_ The Rlortgag~r hereby c~~~~enants and agrees:
(a? :u pey all and ~mgular the prmc~pal and ~ntzres~ and .uher sumc of monry ps>•aDlt by vutue o( sa~d prom~s,on note anu this
' deed, or e~thes. ~xomptly un the Jays rcspr~u~'rl)' the ~ame c~cen{?y becomes dur.
lb) To permu, rurtnmt ex suffer n~. ~aste a~d to m~en~a~n the ~mptovements at all Umes m a sta~e of good rcpnu and cundU~oo, anJ to
j do « perm~t to he done to sa~d premises noth~nE that rill alter or cAange the use and charactet of sa~d property or in any MaY ~mD~~~ M
i araken the secuntp of eh~s murtgaae. And m case of thc rcEusal, ne~lect or mab~lity ot the I1lortgaaor to repau and mainta~n said proper-
~ ty, thc NortgaEce may, at h~s ophon, make such rcpaus w cauce the same to be made, and adrance moneys ~n that behal(.
~
E (c) To pay all and s~n6ular the taaes, assessments, le~~es, I~abilrt~es, and obli6at~ons of every nawro on said descr~bed property rach
j and every ~hen due and payable accwdma to lar, be(~xe they became delinquent, and ~o del~ver to the Morl6a6ee on or bctore Slarch
~ 15th oi each year ta~ rece~pts ev~dencin6 the payment o( all lar~fully ~mposed taxes for the precedins calendar year, to ~ndemndy the
i Atort6a6ee up..n hi, dcmand for all taaes, a.seccmen~s and char6ec ~hat may be assessed upon th~s mottsage on the indebtednexs s~-
cured hercby, and pa~d by the m~xtgagre, with.~w rcgred to any Iar herctotote enacted ~x hercaher to bt enacted impos~n6 ~ayment o:
~ th~ wholc or anv ~art thrrcof upon thc !1lortgagee.
i
~ Idl Tu pa~ all and .~ngular the cost~, charge~ and e~prnces, incluei~ng laa~ytrs' fer~ and absuact co~cs reasonably mcurrcd nr pa~d a~
~ an} um~ hy thr \fortgagre becau.r uf the (silure on the part of the Slort~ta6or tu perform, cWnply ~~th and ab~de by ea.h and e~•en the
~ st~pulr~u.n., aEreemrn~s, conduwn. and covenants oi .a~d prom~ssa~ note and th~s deed, a euher, and every such payment shatl bear
~ ~mrrrst tr.xn date at thc nte o( [cn Ull°) prr itntum pet annum. •
~ Ir1 I; tic fur~hcr co~cnamed and agreed by .a~d part~ea th~e ~n thr c.enr of a su~t bring mshtuted to forc~lose th~s mongage, thc ~tort-
~ gagec shall be ent~tled to apply at any t~me pend~ng sucA (orcclosurr tiu~t to the court havm6 jur~sdut~oo ~hereof (or the appomtment
; ~+f r rcc~~~er of all and v~n6ular thc mortga6ed propcrty, and of all renU, mcomes, prof~ts. ~ssues and revenues thcreof, from s~hatsoe•.er
~ sourcr der~~ed; and thereupon it ~s hrreby expres.ly .ovenanted and agreed that tho Coun shall fotthrith appo~n~ .uch rece~ver ~ith
~ the u.uel powrrs and dutie+ of recu~cr. ~n Gke ca~es, and sa~d appoin[ment shail be made by the court as a matter ~.t strict nght to
thc \tortgagee, and w~thout rc(rrcncr ia thr adrquac> ~x madeyuuy o( the value of the Dropcrty hercby miut6aged, rx to th~ sol~en~y
~ ~~r in.oi~rncy ~~f ~he \tortgagor< <.r an~ other part~ de(rndant to such +u~t. The \lortgaRor hereby ~pec~f~cally' na~ves the r~ght to ob~ect
- to tfie appo~ntmen~ o( ~ rtce~rer a. afores~~d and here9y rxpte~sly ccrosents that such appu~ntment shall bt made as an adm~tted eyu~ty
; .~nd a~ a mancs ot ab~olute n~ehi to thc Slortgagcc and that the came may bc done w~thout nohce to the S1ort6aEor.
~ l( ) li t~~rc.lu.urr ruceedm s~hould !+c ~n~t~wted ~gainst thc ro rtp cucered by this mor[ a e u n•np othrr I~rn or cla~m whether
P S' D D~ B 6 Do
- a:leged to br .upenor cx }un~cx to the hen of ~h~s mort6a6c, :he blorlgagee may at h~s option ~mmed~ately upon inst~tuUOn of wch ~uit
~x dur~n~ thr pendency thereof declare th~s mortgaEe anJ tht ~ndebtcdnesc secured hereby duc and payaAle tonhw~th and may at i~s
optwn proc~ed :o (orecluse th~s mortgage.
(g) Thrt thr \lurtgagut w~ll keep all real and persona! propcrty now• a hereaftcr encumbcred by thr I:en uf :h~s mortRage insured as may
bc rcyuvrd from ume to timt b}• the Atorlgagce agamct lo~c by t~rc, u~nJ.tixm and othet hazarJ~, ca.ualt~es and ~ummgenc~es (or w~h
~ penod~ and tor not Ies~ than su~h amuunts as mey be requued by the Nortaagec anJ ~o pap promptly when due •11 prcm~ums (or ~uch
- in.urance. The am~~unts of insurance rryuued by thr \1~~rtgagte .hall be the m~n~mum amounts tvr whuh said ~nsucance sha{1 bc wntter.
~nd i~ .hsll he ~ncumbent upon thr ~tortgagor tu ma~ntam wch addwonal ~nsurancc a, may be ncce.san to mce~ and .omply fully ~.~th
atI ~o-~n.utance reyuirement. conta~neJ ~n said ,~ulic:e~ to the rnd that che ,r:d \tcutga6cx not a co-~n+uror thrrcunder.In.ur.n~e
~hall br •+ntten by a compan~ or companir. appro~ed or dec~gnatrd by the ~tcxtgagee anJ ail pol~c~er and rene~alti thereof ~hal! be he!J
n~ ?he \tuttga~re. A11 Jetailed des:gnauon. Ap the ~for~gagor wh~ch are accepted by the Slortgagee anJ alt aEreemer.t~ betaeen \1~rtga~or
G end ?lortgagce relat~ng to msurance, no~ ca~sunE or hercat~~r made, shall be m ~ntmg an3 shall be a part of this mwtgage agrecm~n~
a~ (ully a~ though set fath verbasim htre~n and shall govern both patties hereto and theu succe~sors and ass~6n~. :~io I~en up~.n ~n} ~~f
= s~id polic~e. of msurance ur upon any re(und or return prem~um wh~cA may be payabte on the cance:laUOn a term~nauun therc~~t, .hail
be s~ven to uth.r than ~he blottgaget, ex~eps by proper endor~ement aff~aed to such poLcy ard approved by ~lortgagee_ Fach pul~~> ~~f
mwrance shall hav~ afhsed thereto a Standard New York ~1ott6a~et Clause ~'~thout Contnbuuon, mak~n~ all lo~~ ~~r lotisr~ un~lcr ~ueh
~nhcy pryahlc h~ thc ~Icxt~a6ec es i[s interest may appear. In the event any sum ot sums of money be~ome payablr thcrcunder ;kc ~b~rs-
~cegr~ .hall ha~r thc opt~on to rrcc~vic end a~p~y the camc on account ot tht mdtbtedness hereby .c~urcd, or to p~-m~t the ~t~~r;~a¢~~~
to reccivc anJ uce i~, a any part thercu(, w~thuur thercby xan~ng or ~mpainnE an~ tyu~ty, I~tr, or nght unJrr and hc .utuc o' :G:~
m~x~gaR~• In event nf lns~ or phyc~c~l d~m:Ee tu thc m ttr~agcd property the ~tortgagor shall g~~r ~mrccd~te nohic thrrc~,i b~ -e~:
the ~lortgager .~n.l thc \lortgegr~ mec makc pr:~~~t ~a i~~.~ +t tnr .eme i~ nnt rr~dr prum~tly h~ thc \1on~ag~x. In r~~ nt t~~rr_!.~~urc nf
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