HomeMy WebLinkAbout1378 ~t7 v 17 ~,1~)!)=~.~ ~ll^~ ~ . '
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1'Rl)~'1Olil), ALNAYS, that ~f thc; \turtgugor .h•rll pa}• u~tu ihr \brtgager t~e-im~iebtd~nc.a ev~denced by a
ctrla~n pnan~~sury note ~~f which the fall~~Mi~g ~n N~?rds and f~gures is a true copy t~~-N~t~
s 1,175 _ 00 Fort Pierce . F~;~ JanuarY 20, l9__~
FOR~~~UE I pwmi~e top~z ~
to e orde~ o( • ~ PROFIT-SHARING TRUST. -
the 'ncipal sum ot ~ne Thousand OnP~ H~nd d SP nt~- fi vp and L. , to6ether Mritb inta+at
the on fwm date at thc rate ot ten petcent. pet annum unW matu~ty. botb p~incipd and inte~t beinR parabk in I~wtul ~noeer ot -
n
~ thc nited ~tata at Z244 Bauyne Bfvd., Miami, ftorida, or at snc~ otbe~ pl~e a~ the hold«s hersot enap desiaoate iw ~rritin~,
~ Pnncip~l and interat papabk in iasWla~ats ~r io1{ows; •
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I Forty ($40.00) Dollars per month, beginning on the ISth day of Merch,
1973, and continuing on the lSth day of esch and every month thereafter,
until paid in full.
7'hi: note may be prspaid in whole or in p~t sfter one yeu fram tbe date hereof upoa payment of s penalty eqnivalent
io f~ve percent ot the pr~ncipal swn prepaid.
~ Each instaliment paynien! ehdi be ce~edited fint an ths intccat dne. sae! i~e ~enainder oe principal; and inien.t xF~al1 tl~ete-
~ ~ upon cease upix~ the prineip~l so rndited,
, The makers aod endone~s oi this note fnrthe~ ~ree to ~raive dernand. eotice ofnon-p~yment and prota~ and in thr event ~uit
~ i aY~all bc brought for thc cdlection heseot, o~ the ~me has to be eoilcctod upoe dew dwnd oi an attomey, to pap oeae~onabk atto~+ey's
~ i Irr. for msking wch cdketion.
~ i Defetred paymcr?ts I~esenndet ~ha11 bar intereat a1 the rate of tai pereent per annum Erom maturity until psid.
~ 7'h~ eote ia ~ecured b~? a mort~Re o~ even date here~+ith and is to be ooostirbed and enfaocd aecordin~ to the laws of d~e
~tate of Elorida; upon defwlt in the payment oi principal and(a iAterest ~rh~n- d~e~ 1~It MIW~E AIp1 O~ p[1fICIQiI a11d intere~t
! Rmainina u~aid shaU. at tl~e option of the holde*~. becoene ia~o~edistdp due aAd pa~+
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I (SEAL)
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(SEAi.)
~r~J shall perfocm, cumply with and abide b~• each and every the stipulations, agreemeots, conditions and co~~e-
nants of sa~d promissory note and of this deed, then this deed artd the estate thereby created shall cease and be
null and ~oid. .
1. The ~lortgagor hereb~ co~•enants and agrees:
la) Tr~ pay all and s~nguiar the pt~nnpal and ~ntcrect and othrr sums of mone> payabtr by v~rtue of sa~d prom~csor>• note an3 th~s
dcrJ, or e~ther, promptly on ihe days respt. u~rly the .amr srvecally becomrs due.
lh1 7o perm~t, ci~n~t or suffu no ~aste a~d to mamta~n ~hr ~mpro~cmeats at all umrs ~n a state of good repa~r and cund+tion, and to
do nr perm~t to be Jone to ca~d premises no~h~ng that ~~II alter or chan6e lhe use and character of sa~d property ar m any way ~mpau or
~~eakrn the secunty of th~s awrt6ase. A~d ~n case o( the rrfusal, ne6lect a mabelity of the ~fortgagor to rtpau and ma~ntam said proper-
ty, the 1NortgaRee may, xt his opt~on, make sucA repaus or cauce the same to be made, and ad~ance moneqv ~n that behalf.
Ic) To pay ali and smgular the taacs, assessments, le.~es, I~abilities, and obli6ations of every nature on sa~d descnbed property each
and every ~hen Jue and payable ac.cxdma to law•, befure ~hey becane delinquent, and to del~ver to the Mort6aEee on or before March
ISth ot each yerr ta• rece~pts evidencirtg thr payment ot a11 larfully ~mposed taxrs for the pcecedinE calendar ytar, to mdemni(y the
' ~~~E~6« up~n hi_. Jemand tor all qxcs, a~sessmcnts ami chu6e~ that may be assessed upon th~s morl6aEe on the indebtedness s~-
cured hcrcby, and pa~d by thr meKtga6ec, r~thow rcR+~d to any lar heretofixe eoacted or hercaker to be enacted ~mposena ~ayment o:
the ~hulr oz ar+v ~art thueof upon thr lf~~rtgagee.
Id) T~~ pay alf rr.d sin~eulac the co~t~, charges and e~prn~e~, mcludmg lawyers' fees and abstrae~ ~ost~ reasonably mcurred nr pa~d at
an~ umr Fy thc ~1urt~tagrr berau+c ~rf the (a~lurc an thr part of the \furtgagor to pcrform, comply ~~th and ab~de by each and c~•ery the
snpulat~uns, agreements, cond~t~on~ aod covrnants of .a~d prot~~ssor}' note and th~s deed, or e~ther. and evtry sucA pay'mcnt sha11 t+car
cpterrst (rum dete at the rate ot ten I10"<) por centum per annum_ ,
tel I: tur~her co~enanted anJ agrred by sa~d pert~rc ehat in the ecent of e suit b~~ng ~nsututed to j~rrclose tA~s m~.rtgagr, the ~1at-
gagea .hall he ent~tled to apply at an~~ time pending such (orcclosu~r .u~t to the cuurt h~ving ~ur~sd~ct~cx~ therc~~f tor ehe appoi~~meoe
of a rcce~~er of a!1 and singular tbe mortga6ed property, and of all renu, ~ncomes, prof~ts, ~ssues and revenues thereof, ftom Mhatsot~er
sourer 1en~rd, and thereupon ~t ~s hrrrby exprescly .ov~nanted and agreed that ~he Court shail forthr~th appoint suih rece~ver w~th
the U%lidl (1UMl'fS end duuc~ of rrcci~er. in likc casc~; and sa~d appo~n[ment shalt be madc by thc court aa a matter i~( ctnct ngRt ~u
thr ~lartgagr~, and w~thout refrrrnce thr adequacq or inadeywcy ot the value of the property hercby mor.saged, ex ~o the .nl~ency
or insulvency ~.f the \t~•rtgagor~ or am ~~ther partc Srfrndant tv such .u~t. The lfortgagor hereby~ spec~hcall) aai~es the ngM to ub~ect
eo the appo~n;mrnt of a receivec a. ~furesa~d and hereha~ rx~essly cortsen~s that sucA appo~ntment ,hall be m~do a~ ~n adm~tteJ eyuit~
and a. r mancr o( aosoiu[e rigM t~. thr Stortgegee and that the came may be dnne y~thout not~ce to the ~IortgaRor.
If 1 1~ t~~rc..u.urc procced~ngs shuuld he ~nshtutrd against the proptrty co~ered by th~~ mortgage upon ~ny other I~en or cla~m whrther
all4Bed ~o be .upenut or ~umor to !he i~en of th~s mcxtgage, the Mortgagee may at his opt~on ~mmed~ately upon :n.ti[u[~on of sucA su~t
~x durmg the ~+emlency thereof drefare th~s mixtgage and'tht indebtednrss scculed hereb~• due ar.d pa~aFle t~~rthxith and may at
opt~on proierJ to (ixeclose th~. mcxtgage.
Ig1 That the \1.xtgagvr w~ll keep all rcal and per~unal property now' ix hereaf[er encumbered by the lirn of :his mtrt~ege ~n~ured ac may
be reym~rd frc.m nme to ume b~ the \lurtg~Ecc aga~nst tos~ fiy f~rc, .inJ.tixm and other hatards, ca~uaitiea and ~ontmFrnc~es tor ~u.h
per~af. and tor not te.s Ih~n such amuunts as may be reyuued by thc Mottsa6ee and tu pay promptly when due all prrm~ums (ot ~uch
mwrance. The am~~unts of ~nsuran~e rrqwre3 b} thr Stortgagee chrli be the mm~mum •mounts iur wMch .a~d m.ueance iha11 be ,?ruten
end Tt .hall be ;ncumbent upw~ ihr AMrtgagor to mamtatn .uch add~oonal ~nsurartce e. m~y be necr.san tu meet and ~omplp !ully ~a~th
etl co-~n.uraocr rcquuements containrd ~n .aid pol~c:e~ to the end ~h~t the .ud ~tortgagex ~c not a co-m,uror therrunder.Insur~rt~e
;h~ll hr ~ruten h~ a company or companie. appro~ed or de.3gnated br [Ae ~lortg~gee and ail pol~cies and renewals theteo! ~ha(1 he helJ
M:hr \Tui[gagar. 4ti detaiied de~~gnat~on~ by !he \t~xtgagor wh~ch are accepted by the ~fortga~tre and all agreements betueen ~lortgagor
end Mortgagee re!at~ng to msurancr. n~~~ exisuna uc hereaiter made, shatl be m Mnung and shall be a put o: th~s mortgage agrcement
a~ (u11y though stt forth verhaUm hete~~ and shall govern both part~es here~o and the~r successors a~d assigns. No iien rpnn an~ nt
sa~d poi~crc. of mwran~e w upon ~n)' refund nr rctutn premium r•hich may bt payable on the canceilatcon or urm~nauon thereof, ~hail
br ~i~en to othrr than the ~lortgager, exrept by proprr rndorcemrnt af(t:~d [o such pol~c~ ~nd appro~ed by Stor[gagce_ Fach pol~~y nf
~nsurance sh~11 ha~~ a(liaed therctu a Standard ?Icr York llott6a~ee Clause ~ithout Con[nbut~urt, makm6 alt lo.s .rr lossrs undcr .u~b
p~.licY payahlr thr ~fortaagte a. its ~nterr~t may appear. In the event any sum or sums of mvney he.ome payaEle thcreundes thc 11-~~~_
gagre .hall ha~r the upuon to rcirnr ~nd aopl> tAe camr on account ot the ~ndebtedness hereby ._cured, or to perm~t !he \tnr*.~cae~~r
to reccivr and u~e u. ~x any prrs thcrco(, rcrthout thercbt~ ra~rirtg or ~mpan~n6 ant eqw1Y. lun, or n~i un~er and np :~rtuc u! •A:.
m~xtg~g~, ~n c~rnt nf toss phys~iel damagc to the mo:tgagrd propc•ty the Stor[~agot shall (uce imrr.eJ~atc nou~e thrrr~~t h~ -a~?
the \1octRaEre .~nJ ~hc \1ortEagrc me> makc pro~d ~.t i~,.. ti:r .aT~c n~t madc prumptl~ bc thc \1~riF.,~C~x. Ir.'rtrn: ...rc.l~,•crr ~~t
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` 5~~~ ~ZQ ~~~E 1376
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