HomeMy WebLinkAbout1418 PRt1YlD~t1, ALtliirAl'~. ~hat ~f ~he ~tort~rt~~~ .hall pay unto ~he 1Aott~a~ee the ~ndsbtednesa rv~Jenced by a
~ersa~n pt~•m~.s~Nq nute ~~f wh~ch the foll~w~n~ in w~?tJa and fiRutes ~s a true c~~py to-v?~t
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. QO , Fort Pierce ~F~a;d, February 15, 19.~
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DRIGF[~ 'I'ItLTS'TEE ~ jointl.y and severally, prom;x io pay ;
to the o~de~ of
the Ptincipal wm ot I~_Hl1NDRED TWENTY-FIVE AND no/ 100------ DOLLARS, togethet with inte~r.t
thenon Iwm date at the nte o! ten percent, pet annum uoti! matuety, both principd and intuest beinR payable in lawful money u(
the United ~tsta at 22~ BiscayM Blvd.. \liami, Florida, ot ~t such othe~ place as the holdcrs hereot may dcsignate in writin6.
Principal and interest payabk ir~ inataUntceb a~ Idlow~:
TWENTY-FIVE ($25.00) DOLI.e~RS per m~nth, beginning on the lS~th day of
1 April, 1973, and continuing on the 15th day of each and every month
thereafter until paid in full.
Thic note may be ptepaid in whole or in part a(ter one year from tbe date hereof upon payment of a penalty equivalent
~o five percent of the principal sum prepaid. i
Each imullment payrrieet shall be ~redited frst on the intereat due, and the remai~der on principal; and intrn~t ~hall th~rr- i
upon cease ~~pun the pnncipal so credited. !
The makers and ~~do~sen oi thiu note further a~ee to waive demand. notiee oi non•payment and p~otest, and in thr event suit
~lull be brought for the collection heteo(. or the same has to be collceted upon dema~d o[ an attorney. to pay rea.conable attomcy's
frr. for maki?y~ euch collection. ;
De(erred parments hereunde~ ahdl beu intercst at the rate of tea percent per annum Etom maturity until paid. '
7'his notr u recured .by a mortga~e oi even date here„rith and is to be construed and enforced according to the laws of the ~
~t~te of Fla~idr upon ~elanlt in the payment of principd andlo~ interat when dut, the whole sum oE ptincipal and inteteet
rctuinin` unpaid chall, a? the option of the hotde~s. become immediately due and payable. _
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ar~.l ~i~a1i pCrf[xm, comply w~th and abide by each and every t~e stipulations, agreements, conditions and cove-
nants of said promissory note and of this deed. then this deed and the estate thereby created shall cease and be
null and void. '
1_ The Mortgagor hereby covenants and a6rees:
ta) Tu pay all and s~n~ul~r tAt pr~napal and mtetest aad ocAet sums ot money payaple by virtut ot sa~d prom~ssory nott and th~s
Jeed, or ntber, proaptly an the days respect~vely tAe ~ame sererally becoees due.
1bl To ~+ermu, coms~t or sufter no rsste a~d to ma~nia~n ~Ae ~sprorements at ~il tiaea in ~ state of ~oad repair aod cond~uon, and to
4 do nr perm~~ io be doae, to ~ud presues aoth~n~ that +iH alter or chaase the we and chancter of sa~d property or .n ~ny ~ay ~mpair or
i reaten thc secunty ot this o~ortp~e. And ~n c~se of tAe refwal, ee~leet ot iaasilitr ot Me Mort~a~ot to rtpau and maiets~n sa~d propec-
` tY. tAe MatpRee a~lr. at hia opuoa. mate a~cA repaus a cau~e We sa~e to be sade. a~ idt~MC t100tY~ IA U1at bGA~II.
I lc) To pay all and ain~ulu We tazes. ~ssesssenta, lev~es. I~ab~liues. and obliNtioos ot erery natute oe s~id describsd atoperty each
~ •nd e~~ery ~hen due and payable acca~dins to I~~r, be(ott they becaee delieaueat, ~nd to dtliver to t6t Mortja~ee on or beto~c 1~IarcA
IStA ot eaeb rear t~a receipts ev~deecin~ the p:yment of all la~(rlly ~sposed 4aes (o~ the preeedina e~lendar year to ~ndemn~fy the
Mat~a~ec upon Ais dsm~~d tcr sll taies, asses~menu •nd cbar~es Wat eaY ee •ssessed upon tAis mo:t{~at oe the indcbtedne~s
k cured herebr, and paid nr u+e mort~a~te, vitl+out re6ard !o anr la~r betetofore en~cted w Aereatter to be enfeted impot~n~ aayment o:
~ tAe .hole ar ~nr .yrt thereo( upon tAe Mort~a~ee_
~ (d) T.. pay all and s~ns~lsr [he cosu, char~es and expenses, inclndin~ la~yers• tees aad abstract eosts reasoo~bly mcurred n~ paid a~
~ any ~~me hy the Ma~aa~ee pecause o( the fs~lure on ~he part of the Mlortta~or to per[one,tosply ~nth and ab~de by e~cA snd erery ~he •
~~~pula~~ons, aveesents, cond~4ons and coreaanu d s~id prowissory note and this deed. or eitber, ~nd erery sucA~p~ymen[ shall bear
~ ~n~erest (row ds~e at the r~te ot ten (10S) per centwn per annum.
le) 1: tis iurther coren~nted aad aveed br said par~:ts th~t in tAe event o( s suit Seia~ inst~tu~ed ~o (oreclose Nis m«t~s~e, the ~fort-
~ ~a~ee sAall be eoUUed eo •pply at any tioe peadia~ sucA toreetoaure suit to the court Marins jurisdict~oo thereot for the appomtmeni
of a recen~er of all and sin~ular tAe sat~~{ed property, snd ot sll renta, ieeooes. profits. issues ~nd ~evemies tAereof, fros whatsoe~er
source drnved; and thereupon it is herebr espresslr coren~ated ~nd a~reed th~t U+e Caurt sh~ll forthrith appoin~ such receirer ~r~th
~he u+ual po.era and dut~es of receivers in like c~sea; ~ad said •ppo~ntsent shall be made by the court as a matter of s~rict ~i~ht to
the Nort~a~ee, and ri~hart re(ereoce to the adequacy or iaadequacr of the •alue ot the property herebr mort~a~ed, or to the cotrency
w insolvency o( ~he Mortaa~ws or any otAer party de(erwlant to sucA srit. The Mort~~~or hereby speeifically raives the r~~ht to ub~ec~
to tAe appo~ntaem o( a receirer as afarea~id and htreby e:pressly consenu tAat sYCh sppomtment sAall be msde as an adm~tted cQu~ty
and ac a maucr ot sbsolute ritht to the Matp~ce and th~t thc same isay be done r~thout notice to tlie Mort~~~or. .
~ If ) If [aecioswe procetdiap shnuld br- instituted asainst ~he property eorered by t6~s mottta~t upon any other lien or cla~m ohether
~ alle~ed to be super~or or jmior to the lien of this moriq~e, the Mores~~ee mr at hi~ opt~on iasedutely upon msiituhon o( wch cu~t
~ pee~6ener t6ereot declare t6is matp~e •nd tAt ndebtedness secuted hereby due snd payable tortb~r~th and may a~ i~c
~ ot dunn the
,j opaon proceed to forectwe th~s iewtsa~e.
~ 1~l TAat rhe lNor[p~or ~~tl keep all rul and personsl propertr ao~ ar hereafter encwebered by the I~en of tMs mwt~a~e insured as may
be required traa ume to ~iise by the Morta~~ee ap~n~t loss by fue, r~nds~am and other hazards, c~s~alues and canun~enc~es fur such
peno~lc and tor not less th~n such amount~ as mry bc reauired by the Mottp{ee and ~o p~y proa~ptly rhen Aue all prem~ums ~or auch
~ m.ucante. The aaamts o( ~nsur~nce required by the 1Nortsa~ee shell be ~he Ain~mwn s~oounts (or rhich said ~nsurance sha11 bc Mniten
~ ~nd sAall be ~ncua~brnt upon Afe Mortp~or to ma~ntain such addihonal insur~nce as iesr be nececsary tu meet and comply fully r~th
_ sll cr~aauronce req~uemems conamed m said pol~c~es tu the end tbat the sa~d Mort6s~ot ~s not a ewmsuror therew~der.(n.erance
" ,n,u n~ .,r~~ien ~r s cospany or caepames approved or des~{nated by the Mortistee and all poLc~es and reoe~ralc thereof shall Ae AeIJ
~ by the \1~xt~a~ee. All detsiled de~~~ust~on. by thc Mort~asor wA~ch ate :ccepted by the Mott~s~ee and all asreements betaeen INwt~a~or
~ snd Mat~a`ee rclat~n~ to ~nsurancc, eor ex~shn~ or herea(?tr made, shall be in writin~ and shall be s patt of th~s mortsa~e asreement
as fully ss ~houiA set forth rerbat~m herein and shall ~overn botA psrties hereto and tAe~r snccessors and ass~{ns. No :~en upon ~ny of
sa~d pol~cies o( ~nsurance or apan aar refund or return prem~uw ~h~cA may be p~y~ble on tAe c~ncellat~on or term~nat~on thereof, ~Aall
~ be ~~vrn to other ihsn ~he trtorts~~ee, e:etpt by praper endase~ent •ffi:ed to aueh pot~cy and ~pproved by Mat~ssee. Each poLc~ ~f
~nsurance shall have afGaed thereto a Staedard Ne~ Yott 6lortp~te ClaYSt r~thout ConU~but~on, makin~ ¦11 losa or losses unJcr .uaT
pol~cy psr~ble t.. the Morlp~ee as its ~ntetest msy apOtsr. In the event ~Ar sus w suws ot money become psyaAle shereunder sne 1f•~r~-
~a~ce .h~ll hare the ophon to ~ece~re and apply tAe ssme on accoant of the indebtedness hereby secured, w~~~ p~rm~t the \tnrt~e~r• r
~o reccire and use ~1. or any part tAtreof, vithoul tAerrAy wrinn~ or ~mp~v~n~ sny equhY. I~en, or n~At unJer and hy .~r~uc u! ~A~.
nwr~~ase. In event of Inss or phys~c~l dsma~e Io the mort~a~ed p~operty the INort~a~or shatl E~~e ~mned~ate noticc thcrcu! b~ -ae' t..
~he titat~a~ee ~n.1 ~he filortaa~ee ~aay mske p~oot of loss if ~he s~me is not made promptly by the \tort`a(tor. In c~cnt nl ture.~..•urr
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