HomeMy WebLinkAbout0382 ''~~11M ~
_ ~ ~ ~ ~ ~ ~ !l!1 ~ +~~1~s~;N
I'ROVI[)t?1~. :~I.NAI'S, that if thr \t~~rtgagor .1?all pu~ untu th~ \luctgagrr th~ II1lIC~1lt~JRtti~ zviJenctd hy a
certain prumi..ur>~ nutr wh~ch thr f~?Ii~~~~ng in NurJ+ a~id (igurCa a truC cup~~ tu-uit
~~dyi+~
s 4T7,~ ~ ~p Fort Pierce Flo~da January 13, _ 19_Z,~
FnR VALI~F R~CEIVED ' nt~~ Pwmise tu WY
to the order ot .~RTHUR SOKnLOFF AND R SOKOLOFF HIS IF
- a n~~_.....a.. or~ MI t LRC ~~..~1~..
the pnnc~pd wm o( rUUi iiiiiubcaiiu ...::v:::...; - - - _ - _ - ..,:t6 int..rst
0
' th~non from date ~t the r~te of ten percent, per annum unt~l matunq, both pnncipal ~nd intere~t be+nR payable in (awful money v!
th~ United ~tate~ ~t 22aa B~e.r~~ Bhd., AL~mi. Flonda, at ~t wch other plact u the holders hereo( may desi~nat~ in w~tin~.
Pnncipal and interest payable in inatallmee4 ~ tdlorvs:
i
Ninety ($90.00) Dollars per month, beginning on the lSth day of March,
1973, and continuing on the 15th of each and every month thereafter
until paid in full.
TA~s note may Se ptepa~d ~o whole ot ~n pact a[tet one yeu from the date hereof upon payment of a penatty eQuiva ot
io i~ve percent of ihe pnncipal sum ptepaid.
Each in•~a(Iment pavment ehatl be creditcd Grat on the intet~st due, and the remainde~ on pnncipal; and intr?r~t ~hall t6 e-
_ upon c~ase upun thr pnntipal so credited.
~ T~Ir mak~~ snd rndotsers of t~~a note lurtrter aRree ~o waivc uemi~~, iiGiiff a`)~ i~v~. °r~:':: f~~ $:4L; r~~~?!, lYtf1~ ~UI~ t
i ,I~all br brouRht for thc coilection hereuf, ot the same hu to be cotlectcd upon demand of an attorney, to pay nasonable attomey'~
~ ~rr. for msking such cdlection.
Def~tr~d paymente hereunder shdl deat ~nterest at the rate of ten peceent per annum from maturiq until paid.
1'h~s notr w ~ecuerd by a mortp~e of even date herew~th and ie to be construed and enforced according to t}u la..s of tl+e
~ta1t of El~x~d:; upc~n drfauit in the payment o( principd •adr`o~ interest ~vhen due, the whole ium of pJ'fncipal and ~ntete~t -
rrma~nmg unpa~d shall, at the option ol the holde~s, become immedutely due and payable.
~ '
(SEAL)
/ ~
s %s- ~ . -,.ri•_ (SEAL)
~r~~l ~haU p~rl~~rm, cumplt• K~th and ab~de b~• each and e~~erc the stipulat~ons, agreements, conditions and core-
nants u{ sa~d prom~ss~~r}~ ne~te a~d ~~f this deed, Ihen this deed and the estate thereby created shall cease and be
rtull and ~•oiJ.
l. TF~e \turtgagor hereby cuvenants anJ agrees:
~ lal To pay all and .ingular tAe pr~nc~pal anJ mtrrr.t anQ othrr sums of monr~~ pay'ablr by v,rtue o( said promis.ory note ana th~s
derd, or c~ther, promptly on the day~ res~u.t~vrly ehr ~~mc ~rverall~ F+ecomrs due.
lb) Tu perm~t, c.xntnu or suffe~ nu waste ahd to matnta~n thc ~mprovcments at al! hmcs m a state uf gou.! rcpa~r and .unduwn, and to
do or prrm~t to br d~nc to sa~d prem~srs nothing ~hat will alter or chanEe the use :nd character i~f sa~d property or in any way ~mpau or
.veaken the se~unty~ o! thrs mu:ig~6e. And ~n casc of thc rc(usal, neglect ur ~nab~l~ty of the Mortga6or u. repa~r and mainta~n said proper-
ty, ~he ~lort~a~eer may, at hcs upaon, make such r~paus ur cauce the samr to be made, and advance moncys m that bohalf.
lcl Tu pay all and c~ngular the tatirs. assessments, ;c.~ea, 1~ab~l~hes, and obl~gahons of every nature on sa~d descnbed property each
and every whro due and payable accord~ng to IaM, brf~xe they becomc dclinquent, and to del~ver to the Slorigaaee on or beiorc Macch
15th ot esch yr~r tax receipt. ev~~tncmg thr payment uf all la~tully ~mposed taxes ior the prccedmR calendar year, w~ndcmm(y thc
~1~tga(tet upa.n h~.. demand for atl tau., a.scssments and char6e~ that may be assessod upon th~s mortEage on the mdebtrdness
cured hercb), and pa~d by thr mortRagrt. w~thuut rr~earQ to any law heretofore enacted .x her~after to be e~acted ~mpos~ng ~aymea~ of
th~ whule or em ~att thrrcu( upon the \t~~rtgagee.
Id1 Tu pey ~11 and sm~ular thr ~u.t., chargc~ end ea~nse~, mclud~ng Ia~yers' ftt~ and abst~act co~t~ reasonablp ~neurred ~~r pa~d a~
anc t~mr M ~hr Vurtga~rc br.au.r af thr lailurc un thr part uf the llort~agor to ptrtorm, cumpty w~th and ahide try ca.h and e~•~r~ the
~t~pufa~um,, egreemrn[s, conJ~uun.+ and covenants ot sa~d prwm.son note and thi~ derS, w ~uher, and ~.er> such paymcot shall txar
intrrrst f:om datr at thc ratc of tcn I ll~l prr rcnium pcr annum. ,
Irl It is iur~hcr covcnmted ~nd agrred b~ sa~d pactic. that in thr r~rn~ o[ e~wt bc~ng inst~tutrd to twcclo~r Ih~s mnttgagr, thc \Iurt_
gag~e ~hetl he ent~Urd to ~pph' at am t~me pen3ing w:h furcclosurr .w: to thr court hann6 ~un.J~cUon thereof fo~ the •~pumtmen~
ot a rece~~~cr al{ and ~~ngular !he mortgagCd pr~ipeny, and o[ all rent,, mcixnes, prof~ts. ~ssues and revenues thereof, (rom Khatsoever
.ource drn~~d; and thereup~n ~t hrrrby eapre.~~lp :~i.rnan~rd and agrerd ~hat thr Court shail f~nh~~th appo~nt .uch rece~.•ec uith
tAc uwat pur.rr~ anJ Jut~e. uf rtcceticr. in 1~k~ rasr., and se~3 ~ppu~ntment shell hc madc by thr ~uust as a matter of ~tnet nght to
ihr \b*~~~taRrc. and v:~thout rrlrrcnce thr adrqurc> ~nadeyuacy ut ehe valur oi the property hercby murtgaged, ~.r to the .olcency
~,r in.ol~cncy ~~f the ~1~,rlgag~x. or em ~~~hrr parh Sr(endant to .uch au~t_ The Vortgagor Aeteby sprcd~call~ xai~e+ the r~~eht !o oA~r~t
i~~ th~ appa.ntmrnt uf r irce~vrt i. af.xt.a~d and herchc rxptr.sl> c.xisrntc t~at such appo~ntment shali bc made es an admrittd cywt~
anJ a~ e mau~•~ ot ao.oluu nght to the \t~utge~er an3 that tht samt may be d„ne w~thout not~ce to the Nur~g~got.
If ) L i„re. ~~.,urr pr~~ceedmgs .hnuld be ~n+~~tut~d againtit !he propert~ ci•~rred h} [h~s murtgage u~x~n am' othrr Len or ~laim whrth~r
ailegrd r,. h~ .~~nur or ~umor to the hen of th~s mu~tgagr, the tbrtgagee may' at b~c uphon ~mmediatelti epon ,n.t~tut~on ot .uch .wt
or durmg thr pcndency thr~rot d~clare th~s m~xtgaXe and the mdebtedncss secured hereby ~ue and ra~abic ;or~h•a~th :,nd mav a:
ocuun pr~xcrd t~~ Eorc~lose thi. morlgagt.
Ig)~ Tha; thc ~t~.rtgagur wi11 kecp alt rcal and per.~~nai ptoprrty nor or herea(ter encumbereJ hy thr I~en uf :h~s mortgege ~ntiured as may
~r ~~yu~r:d frmm ~mr t~. rsmc by thc l{,rrtgagrr aga~n~t io.< b~~ fuc, u~nd.~wm ~nd otht: heiards, ie.uelhe. and ~unt~ngen~ic~ (~~r ~u~h
pencxl. and tor not le~c than wrh amuunts rs ne) hr requ~red by ~hc tlott6agee anJ tu pa} pr~.mptty whrn duc ell prcm~ums for such
~n.uran~e. Thr amuuntti .~f msurance rrquued b} thr \turtgr~.er .hal~ he the mm~mum ~muunta 2uc wn~ih ~a~d in~urance >halt be ur~:trn
end ~t .hell h~ in~umbrnt upor. thc~ \1o:tgag•~r to ma~nt~~r. .u.h additiunal ~nsurancr a. ma~' he nr:c~.an tu mrrt and .om, Ic fully w:ih
eI! cu-~nwrancr rryu~remems cor.~a~acd ~n saiJ M~Ii.:e- tu the rnd that the .a:d \1or.gago~ nn~ a co-in.urer thercundcr.ln.uran~r
,hall ^c wnc[en hy ~ ce.mpany or ~umpanun appro.rd or dr~ignatrJ b~ thr Slnrtgagee and ali poh~~~~ anJ rcnewel. thereot ahall bc hrlJ
h~ ~hr 11u:tgegrc. :~11 deta~led de.~Enatwn. by thr \tor~~caK~~r ahi.h err a.ccpted bp ih~ ~tortgagrr and a11 agreemrnt~ betueen \1o:tgaFor
and Mongagec relating to ~ncurance, now eai~tsng ut hereeftrr madr, sha:l be m wnr~ng and ~hall be a patt of thu mortgagc agrtament
a~ full} a. though sr~ forth ve%batim heroin and .hatt 6o~crn both part~ec hereto ~nd thc~r .~uc~e.wr. ~nS ass~an~. No I~rn upon any of
.aid rol~c~r. ,~t ~nwranct or upon anc refund ~u rcturn prcm~um uh~ch may ot payabl~ on the cance:lation or term~nat~un therent, .ha11
bc g~vcn to ~~thrr thsn thr ~tortgagcc, e~cept by propcr rndorsrment a((~ied to such pol~c;. end approvrd by !Nort~agcc. F_a~h poi~~y ~.t
mtiuraace shall ha~r rif~ccd thrrcto a S~andard V~~. Yotk Nottgagee Clause ~~thout Contr~butwn, m~k~n6 all loss .~r Io~.eti undcr .u.h
M~i~cy payablr ro thr ~lo:tgagee a. ~t~ ~ntrrcst may appear_ In thr event any ~um or sums of man~y become poyable ~hereundrr ihc t~•~r•_
~c.~grc ~hali ha:r tnr optiun t~• r~ir~<<• and a~+ntc chr samr on e~.uur.t u( the indehtcdnes~ hcrchy .-~u~cd, or t., ~crmit thr t1~~-;g,,.~.r
to ~c~rivr anJ u+e ;t. ~x an> pert therru(, without ihcrrby •~.e~•.~ng ~.r impa~nnR am ryu~ty, Len, or nEht unarr an~ n: ,~r.uc u~ ;hi.
murtg~ge. In c~rnt nf los~ u~ ph}.ical damagr to thc m~;t~~~cd prupr•tc thc ~lurtgagor chalf ~i~r imn:rJ~atc nou~r th~•rcnt n~ .
th~ ~t~rrtgagrr .md Thr \lott~te~crc mac ma4r pr~...; .amr n„r pn~rrprl~ h~ ~~c tii:.::~,,g~x. In r1:•r.; ..~.rr.i,,•urc ~,f
3"1''` ~~~c~
,
~
~
~ ~
~ ~ ~ yv ~ ~
;
_ ~ . . _