HomeMy WebLinkAbout0627 PROVIDEn, ALWAYS, that if the Mo«=~~oc sh~ll pay ueto the Murt~a~ee the indebtedness evidenced by a
cartain ptomissoty note of which the lollowin~ in wotda and C~ut~s is a uue copy tawit:
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April 14, 73
= 4 .125 .00 Fort Pierce , F~a;da ,
FoR v v WE i ointly and severallv, ~o~n~ i~ pay `
to lhe order of .
~he principal sum ot FOUR THOUSAND ~ L. , to6ether with interrat ~
thereon [rom date at the ~ate o( ten pe~cent, per annum until m~tutity, both prineipal ~nd interest beinR payable in lawtul money uf
the United ~tates ~t 2244 Biacayne Bivd.,. Miami. Flocida, or at weh othet place u the holde~s heteof may desi6nate in writi~R.
Priocipa) and intenst pay~ble in in~Wlments a~ iollow~:
EIGHTY-FIVE ($85.00) DOLLARS per month, beginning on the 15th
day of June, 1973, and continuing on the 15th~day of each and
every month thereafter until paid in full.
TA~s note may be prepaid ~n whole or in psct atter one year from the date hereo( upon payment of a penalty equivalent
~o (~ve percent of :he pr~ncip~l sum prep~id.
E~ch in~tallment payment .hatl be rredited (irst on the interest due, aad the~rcm~inder on principal; and intrrr~t ~hall thrre-
upon c~au upun the principal ~o credited_
Th~ m~ke~s and ~ndwsers ot this note futther a6tee to w~ive demand, notice of non-payment ar~d pwtest, and in thr ~vent suit
.I~all b~ brouRht for the colleclion he~eof, or the aame haa to be eollected upon demand of an attomey, to pay rcasonable attomey'~
frr. (o~ makin~ ~uch collection.
Deferred paymenta hcteunder ehall beat interest at the rate ot ten percent per annum [rom maturity until paid.
l hi. not~ is xcurrd by a mort~e ot even datt herewith and is to be construtd and entorced accotding to the I~ws of the
~tate a( FlMida; up~?n dcf~ult in the p~yment ot principd andlo~ inte~est rrhen due, the wh au of prin~ipal and intetest ~
nmaininR unpaid ahall, at the option o( the hotders, become immcdiattly, ue and payablt.
. %l ~ (SEAL) .
C/ J (SEAL)
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and shall periorm, comply with and abide by each and every the stipulations, agreements. conditions and cove-
nants o[ said promissory note and of this deed, then thia deed and the estate thereby created shell cesse and be i
null and void. ~ ~
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1. The Mort~a`or hereby cuvenants and agrees: . ~
To paY ~11 and s~n~ulu the pr~nc~pal aod interesl ~nd other swea of money psyable by virtue ot s~id promiasay note ~nd thia !
deed, or either, paaptly on the days respettively the samt sevetalty becomes dut. '
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' (b) To permit, comm~t a suffer no ~raste and to ma~nt~ia ihe improvements ~t all times in a a~~te o( ~ood repsir ~nd conditioa. ~nd to
j do or pene~t to be done to s~id pree~ises noth~ns ~st w~ll alter or chaa{e t6e we aad chu~cter ot aaid property or in any way imp~ir a
E we~ken tht aecutily of this ieort~a~e. And in case of tAe retusal, ne~tect oc inability ot tAe Mort~asor to repair and mainain s~id proper.
~ ty, ~6e ~Aor~piea ~Y. hia option, mate such repairs or cause the ssme to be made. and adrance a~oneys in that bes~t(.
{ (c) To p~y all aed ain~ulu the axes, ~ssessments, lev~es. tiabil~ties, and obli~atioas of every nature on said described property e~ch
E and everr when due and payable accordina to la~. before they becose del~aquent, and to deliver to tbe Mortia~ee on or before 61~rch
g ISth ot e~ch year t~a receipts evidencia~ the p~Yment ot all lawtully ~moosed t~xes for the prccedia~ e~lendar reu; to indeienify tMe
r ?lort~a~ee apon his demaad (o~ all t~xes, ssses~ments ~M cAtr~es thst m~y assessed upon t6is ieat~ase oo the indebtedae;s a•-
~ cured hereby, aed p•id by ~e mort~~~ec, ~ithout re~ard to ~ay 1~~ seretofo~s en~cted or here~fter to be enacted imposia~ ~ysent ot ~
the +~hole or aay ~art thereof upoe the Mm~~s~ee.
(dl To p~y all and sinsutsr ihe costs, chsr~es snJ e:pensei, IOCllldltls I~~lytff~ (ees and abau~ct co~ts reasonably ineurred or paid at
any time by the A~lort~a~ce because ot thc f~ilure on 1he p~rt of the Mort~a~or to perlorm. comply with and abide by e~ch and every thc -
st;pulat~ons~ a~recieents, cooditions and covenants of s~id p~omissory note and tbis deed. a~,eitAer, snd every such'p~yment sh~ll be~r
~nterdt trae date ~t thc nte ot ten (10'~r) per ceatum per aanum.
(e) It is futthtt eorta~eted ~ad a~reed br ~~id p~tties that in the event of a suit bein~ irutituted to (orecloae tAis e~a~t~~se, the wlort-
{~~ss ah~ll be entitled to app1Y ~t •ny tiae peMins such (oreclosure suit to t6e court 6~vie~ jnrisdietion tAereot tor tbe aPOoiat~ent
of ~ r~cei~er ot all and iin~uiar tAe ~wrt~~~ed proyerty. ~nd of ~11 reeta. iecames. otofits. isiue~ aad revenue~ tAsceof. fros ~6atsoerer
aauce deri~ed; wd thereupon it ic hereby esoreailr co~eeanted ~ed ~~tead th~t tAe Court eh~ll forth~ith ~pooint sucb receirer ~rith
the wwl oarers aad duties of reeeiver~ in like e~se~; asd •~id •opointment shsll be s~de by the court ~s a s~tter of stritt ri~bt to
U+e Mort~~~ee, u~d ~rithout reterence to the adequ~cy or ia~dequ~or ot d+e ~~lue of tbe oroperty hereby e~ort{a~ed. or to the sol~ency
or insol~encr of ihe Mort~~~or~ or •ny other p~rtr de(ead~et to ~uc6 ~uit. The Mortq~or hereby soccifieally ~r~ires tht ti~ht to objett
to the •~oiat~eet o~ ~ receiver ss afaes~id ~nd heresy eap~e~sly conseeta Nut iueh ~ppointment shall be aude ~a an adeitted equ~ty
•nd a~atter o[ ~bsolute ri~At to the ~lortp~ee snd that t6e ~~a~e auy pe doa~e ~rid~out notice to the Mort~asor.
(f) Jf (orecloswe proceedia~s should be instituted ~~~iest t6e ptopertr eove~ed by tbis a~ortas~e upon any other lien or clans rhether
¦Ile~ed to be superiot a junibr ~o the lien of Wii aort~~{t. the Mott{~~ee ewY ~t his oPtion immedi~tely upon institutioe o( sucA suit :
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~ or dwin~ the pendency thcreo( declsre this ieort~~se and the iadebtedness secured hereby due ~nd p~r~Me (atbM~th and m~y st its i
op~ioa ~oceed w foreclose tl?i~ mat~~~e. ~
~ That We Matp~or will keep sU re~l ~nd pcrsonal propertr no~ at bere~[ter encumbered by the I~en ot thi~ mort~~~e insured ~s may e
be required troa tise to ti~e by ~he Mort~~~ee ~pinat loss br fire, viods~ors ~nd other h~s~rd~. c~swlties ~nd eontin~encies (or such ~
oeriod~ sad tor not le~~ ~hsn ~uch •e+wmu sar be rsquired Sr We Mortp~ee ~nd to psY P~~ptly rhea due all prue~us~s for such ~
~a~w~nce. Tbe usount~ ot inaut~nee required by tht Mort~s~et sh~ll be the sin~mus ~eo~+nts (or ~hich s~~d insurance shall bc ~riuet~ ?
~ rod it ~h~ll be incw~bcnt upon the Mory~~ot to esint~in socA ~dditiooal insYnnce m~y be oecessary to weet and caaplr (ullr ~~th ;
~11 co-inaur~sce require~ents cont~ined in a~id oolicic~ to tss eed tA~t the said MortN~a is aot ~ co-ini~ror thereuader.lnsur~nce ;
~ ~Aall be .r?tcea br ~ co~asy or coyaoies ~Ppcored a desi~n~ted br the Mortsa~ee ~ad ~II pol~cies and rene~r~ls thereot sA~ll Ae Ae1J ~
by the ~latp~ee. All de4ileA desi~n~tions br tbe Mon{s~or rhieA ue ~ccepted br the Mortt~tee ~nd all ~reeieents betweee hlortia~or
~ aed Mort~Kse ret~tins to ia~ur~nce. nor e:istin~ a here~fter e~de. ~A~11 be in ~rritie{ ~nd sh~ll be ~ p~rt ot tAis aoct~s~e ~{reamtot ;
~a (ullr thoutA ist (atA ~crb~t~w 6ereia aad iA~ll ~o~ern_ bolh p~rtiea hereto and tAeir sYCCessors ~nd ~ssi{ns. No licn uPon ~ey of ~
aNA Polieics of ~nsur~nce a upon ~ar re(und o?retum pemius ~rbieh auy bs p~r~ble on tAe e~eo~ll~tion a urmin~tion ~hereot,-sh~ll j
be ~iven lo atber tbsa tbe Morya{ee. tacePt Sr proPet sndont~ent ~f(iaed to sucA policy ~nd ~Pproved by Mat~~~ee. Each pol~cy ot
in~ur~sce ~lull ha~e dfi:ed thereto ~ St~nd~rd Ne• York Mortp~ee Cl~wt ~ilAout Conuibruon. wskin~ all los~ or losscs under s~ch ~
oolicr p~Ir~slt to tht ?lortp~ee its ia~eres~ nur ~~u. ls tAs e~~st asy ~um or iu~s ot aaner eeeoae P~Y~plc theteunAer the 1Aort_ €
~a~ee sb~ll h~~e ~be ootion to receive ~nd ~oplr 1Ae ~ue ae ~oeornt o! tbt iadebtednea~ hereby secured, or to pere~it ihe Mor~~~Eor ;
to rscsive a~ Yse ~t. o~ .nr P.n twetsof, ~itAout tbetsbr ~~ivie{ or iequrin~ ~nr eauity, lien. or ti~ht under and by vutuc of thi~ ~
wa~We. G~ e~ee~ of Iwa or pby~ie~l daw~~e to tbe ~orta~~ed orooertr We AAort~a{a sh~ll ~i~t ~mtd~~tt nol~ce thtttof by ma~l t~~ ;
.the Mat~~~ee snd tht Mori~s~et ~r ~ke ~oof of loss if thr s~me not iesde promptly by thc Mort~a~or. In e~en~ of (ore.In.ure of '
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