HomeMy WebLinkAbout1982 PR(1VtDEt1, ALW/1YS, that if the Moct~a~or shall pay ueto the 4bttt~~ee the i~?dehtedness ev~de~ced by a
cetta~n p~om~ssay note c+f which thc! foltowin~ in wordt ~ed C~ures is ~ tiue copy tawit:
~~N~~~
s_ 3, 050. 00 F~rt Pierce . fla;d, _ Februar~~4 ~q_~
FnR VAI.UE RECEIVED I io p,~,
~o the ord« ot _ RANAM KURLANDER A'VD ANNA KURL~AN ER,_ HIS WIFE.
'the pt~ncipd wm
o[-~ RO lUU---- DOLLARS, to6ethtt ~rith inte~eat
thercon (rom date at the nte o[ ten perceot, pet aneum uetil nut~rity, both pri~cipal ~nd iett~t bcinR par~We in law(u1 ~atep o~
the Umted 5t~tea at 2244 Biu~ree Blvd., M~emi. F{orid~. or at auch otber plaee as tlx hdde~s hereof n~ deai6nat~ i~ ~.ritiu~.
~P~ncipa! ~nd ieeerest payabk in ir.aWlmeees r fdbrr~:
SIXTY-FIVE ($65.00) DOLLARS PER MON'FH, beginning on the 15th day .
of April, 1973, and continuing on the 15th day of each and every
month thereafter until paid in full. '
Th~s note may Se prepaid ~n whole a in part a(ter one yeat irom ~he date hereot upon payment ot a penalty eqnivalent
io f~ve pe~ceet o( the prme~p~i sum prepaid.
Earh in~tsllment par+nent shall be crcditcd first on the intenst due, and the temainder on prineipal; and interr.t ~haU tbrt~e-
upoo ~ease upun the pnncipa~ so etedited. -
Th~ m~ke~s and ~ndorsers o~ this note furthet a~tee to w~ivt demand, notice of non-p~yment and pcotest. and in th~ ereet wil :
~luli be brouRht tor the cdlectan hereof, or th= s~me ha~ to bt eollected upo~ detnand ot an attoeney. W pay t~tasonaWe attornry i
frr. tor mikina wch tdlcction.
Deferred psyments henunder ~hall beu irite~rst at the nte of ten petcent per annurn twm maturty unt~ Paid.
1'I,i. note ia ~ecured by a mort~e of even dsfe hererrith and 'u to be coMtived and rnfared acco~dina to the laws of tAe
~tat~ of Flond~; upon delwlt in thtpa ynient of printipd andlo~ interest ~rhen due. the v?hok ~um ot pnocipal and intetert
, Rnuinin` uripaid shatt. ~t the option ot the holdee~, bceome i~ediately due and pq?a6k_
~ ~ 1
5 .~f~ ~
.
ar~d shall perform, comply w~th and abide by each and evety the stipulation~, asreements, cond~tions and cove-
nants of sa~d pram~ssory note and of this deed. then this deed and the estate thereby created shall cease and be
null and void.
1. The Mott~ago~ hereby cuvenants and sgrees: ~
(a) 7o pay all and cinsul~r tAe yrmc~pal and m~erest and other sums ot money paya6le by v~rtac ot sa~d p~omusory nou snd th~s
deed, or e~tAer, pcomptly on the days respectivelY the same sererallY ~~~s due_
(D) To permit, caiam~~ or sutfet no vraste and to ma~nt~~e the improremeob at all umse m a state of sood repau and cond~t~on, and to
do w perm~t to be done ro s~~d prcm~ses notl~~n~ ~h;t .~,11 ~ltrr or ch~nie the use ~nd c6u~cter o[ s~id poperty or ~n any way impau or
~e~ken the secun~y of th~s mat~a~e. And in case ot the retusal, ne~lect or inability ot the Mor~~a~w to repair and maint~~n aaid ptoper-
I iY. itie ?br~p~ee m~y, at his opuan, make auch repaus w cause the same to be made, ar~d advance mw?sYs m;hat ~ehal(.
(c) To psy all and .~nsulu the uaes, assessments, lev~es. I~ap~l~ties, and oblipt:ons ot erery nature on said described prope~ty e~ch
and e~err .hen dae snd paysble accord~n~ to la., Aef«e they became del~aquent, aed to dclirer to the Mort~~~ee on or before l/~rch
ISth of eacA year tai receipts ev~aencin~ the payment o( •U I~rrtultr ~mposed taaes (oc the preced~n~ c~lend~r ye~r; to ~ndemnify the
Mort~~~ee upon h~s deauad fo~ at( taxes, ~sses~ments end cA~~~es that aa~ assesstd upon tDis mortj~se on tAe indebtedeess s•-
cured he?eby, snd ps~d Ar the marti~~ee, .~~thout re~arA to ~ny la.r htretotore en~cted a Acreafter to be enacted i~spoa~n~ ~yment o(
' [he ~hole or any ~art thereo( upon the Mort~ssee.
f (dl To p~y sl{ and a~nsular the cos~s, chu~es and etpenses, includm~ Iwyers' fees and abatnct costs reasonasly incuned ~ p~~Q at
any t?me by the Mwt~a~ce because ot tAe ta~lure on the p~rt of !De Mortaa~or to pe~torm, comply ~~th and ab~de by e~ch and every the
i supulat~ons, s{reements. condu~a~s and covenants of s~id proe~sso~y note u~d th~s dted, a euAer, ar.Q e~e~y auch~p~yment sAall l~e~r
~ ~etueat trae d~~e ~t the rate ot ten (10'Z) per cen~um pet anaum.
i le) It i• (ut~her eovee~nted ~nd a~reed •+aid palhes that in the evcnt of a sait be~rt~ ~+ut~tuted to (oreclost thea mwts~se, the Mo~a
i aa~te aA~11 be eniitled ~o ~pply u-; -„eodin~ auch fcreclosure suit to the court Mria~ juriedict~on theteof (or the apPo~ntment
~ ot ~ receirer of all snd sinsular the :ao?~~.,,:d propertr, ~nd ot ~11 rents, ~ncoaes~ profits, issues and reveaues thereof, fras rh~tsoerer
~ swrce den~ed: ~nd thereuyon it is hcrcby espresslf coveoanted aa6 a{reed ti»~ U?t Cwrt sh~Il (orthriUi typoint auch receirer rr~th
~ ~e ususl po~ers and dutrca ot receirers ~n litt c~ses; ~ad s~id •ppoiouxnt shall be iwdt by the court as a m~tter of stric? ri{At to
~ ihe Nat~~~ee, ucd .~~Aout reterence to the ede~acy or inadeauscr o( d?e ~ilue o( the ptoperty htrep7 mort~a~ed, or to ehe aolrency
or in~ol~eacy o/ ihe JNor~~asas w sny otAcr partr detend~nt [o srch syit. The Mortsa~or hetcbr specd~cally raivea thc r~~ht to ob~ect
j to 1he aOpo~ntweet of ~ rece~.er •a a(oresa~b ~nd hsreby e:pre~slr consenta th~t sueA •pposntmen[ sh~ll oe made an adsui[ed eQu~~y
•nd a~ a matter of ~bsolute ri~ht [o ehe Mort~~~ee and eh~t the s~~e mar be da+e w~tAout notice [o the Nort~~~or.
(f )~f [o~eclaswe proceed~ep shoutQ be insuwted ~~~inst tAe prooutr corered by Nt~ mort~a~e upon apy oU?ei lien w cl~im ~hether
•Ilc~cd to be supenor or junior to the I~an ut this eortsa~e. tAe Mori~a~ee msy •t Ais opuoe lmmedutely upon mstituha? of such suu
a duc~n~ the pendency thereof decl~~e this mort~~ie and the indebtedneas sec~red hereby due and p~r~ble tath~~tA and o~y at ~ts
option procted ~o iorcdose this mat~~~c. ,
(s) Th~t the Nfortp~or ~~11 ketp all real and personal p~opertr nor or bereafier encumbered by ihe I~en o( this mat~~~e ~nsurtd ~s may
be tequired trow hme to Uwe Ay tNe Mort{a~ee •s~~nat loss br (i~e, +r~ndstam ~ad otAa hasards, c~s~alUCS an~ comm~erc~es to. such -
pcr~ad• ~nd tor not le~• tl~~n sa~h •nawnts ai wr be requueA br tht 1~lor~q4ee •nd ~o p~r proe~pitr .rRen dwe •t1 prcm~wns fa such
cnswance. '!Re amounu ot 1n~ar~nte reauued br cAt U4ort~~~te iA~ll be tAt e~m~awn ~aaunts for .h~ch s~~d msYr~nce shsll be +nnen
~nd it shall be u~eusAent oPon the AAort~~~o~ to Mmt~ia snch add~?toa~l iesw~nce sa m~y bt necessstY io r.uet ~nd comply (ully .~eh
•11 co-~naur~nce requireieents cont~~ned in s~id policie~ to the eod tAat rhe ssid More~s~a ~s not ~ ca.~ns~ror the?tunder.lnsaance
•bail Ae .ntten by ~ cosP~ay or cosPanus ~pptored ot des~{n~ted by tht I~t~~~ee ~nd ~11 pol~c?es ~nd rent~als tAereot sh~ll be held
Ay tUe Mortp~et. All de4iled dss~sn~~ions Oy the Mwt~~~or .hich ~re ~ccepted by tAe Ulo~t~~~ec and al) ~reements setreen MWri~a~or
and Morti~~ee rel~t~ns to ?osur~nce, no~ ea~stin~ at hcre~tccr w~de, sh~ll bs ;n +retlo~ and shall bt a Part ot tA~s narl~ase ~~retmeni
•s tullr as ~Aou~h set forth ~erb~t~w here~a and sh~ll ~o~era boch oart~ss hercto and their sutcessors and ~ss~~ns. No I~ee upon ~ny of
•~id oolrc~es o( ~nsur~nce or uPon ~ny re(und o?return preeuua wAich iur bt p~r~blt at tAe c~ptell~tton ot ~e~m~n~t~on therea/, sh~ll
bc ~~ren eu ~tber rA~e tAe Mort~~{ee, eacepi Ar proper e~dotse~ent •!(~sed to such policy ~nd ~Pyro~ed br 1~lat~~~ee. Each pol~cy of
~na~+r~nce ~Aall hsre •tfi:ed thtreto a Stu?dud Nt~ Yo~k Morts~~ee CI~YSt ~r~tAwt Conuibu~~on, mak~n~ atl los~ or losses under ~~ch
policy p•r•sIc ~o ~he Nor~p~ee a. ~ts mtsrei~ r~r ~PWu. le tAe e~tat ~nr ot suss of monty bttame o~ya0lt tAeteuadtt t.u Nort-
{a~ee sbatl hare the oPtion to rece~~e sed ~yply tAt ~~~s op tewmt of tbe ~noebtcdness Aereby secwcd, or [o pena~t the 11ort~aRor
, ~o rsceire ~~d use ~t. a~ny wrt d?creof. •~tAout tbtrol~ ~~ivina a isO~u~n~ •ny eaui[y, lien. a nM~ under and ~y r~nuc ot th~~
, narts~{e. tn event of lo~~ or phrsic~l d~w~~e to the wort~a~eQ propertv the ilor•p~w sh~l1 ~ire ~nnedu~e notiu tAUeo! br a~~l to
the Mor~~~~ee and thc IMort~~~ee Mr sake proof ot lo~a if ihe s~me ~s not rnade promp:ly by ~Ae 4lor~~a~a. In e•eni nf fM<.In.ure ~f
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