HomeMy WebLinkAbout0416 •
PROYIDl:f1, Al.w'AYS, that if the \lortga~ot shall pay unta the ~brtga~ee the indebtedness tvidencrd hy a
rerta~~ p~om~~so~y ~ute wh~ch the follov?~n~ in words and (i~ures ~s A truC copy taw~t:
9 ~dt~F~ ~
s 2, 675 . 00 Fort Pierce . F~a;da June 2, 73 -
Y '
FnR VALUE REf.F1VE0 I promice tu pay
to the ord~r ot _ _ ~I~_
th~ pnncipd wm o( _ TWO THOLISAND SIX _ _ - , , togethe~ with interrsl
th~reon (rom date at the rate of tee pcreent, pe~ annum until maturity, botfi principal and interest being paya~le in lawful mon~y u(
th~ l!n~ted ~tate~ at 22~14 Bi3cayne Blvd., Mi~mi, Florida, ur ~t euch other place as the holders hereof may designat~ in wtitinR.
i f'rincipal and eet~re~t paya6le in inatallmeots u foUows: ~
Sixty ($60.00) Dollars per month beginning on the 15th day o£ ~ ?
August, 1973, and continuing on the lSth day of each and every
month thereafter until paid in full.
i
- ~
Th~s n~te may be prepa~d ~n whole or in part after one yeat fcom the date hereof upon payment of a penalty equ~valent •
i five percent of ;he prmcipel sum prcpa~d.
! f.arh in-tallmrot payment ~hall be ~redit~d first on the int~rect due, and the r~mainder on principal; artd intrr~•t :hal1 thrrr• #
~ upon e~asr upun th~ ~?r+ncipal so cr~dited.
I~ Th~ maken and cndoraen ot this not~ fu~ther agrc~ to waive demand, nodce o( non-p~yment and protest, and in lhr ~vent ~uit - `
i lull b~ bruuRht (or the collection here~.f, or the same hu to be collected upon demand ot an attomey, to pay teasonaGl~ attorney c
~ ~ fr~. for making ~uch collettion.
~ Def~rr~d paymenta hereund~r ehall b~ar interest at tht rate of ten perc~nt per ann~m Imm m~turity until paid.
j l hi~ notr ie eecured by a mortgaRe o( even dste h~rewith and ie to be eonatrued and en(orced according to the lawc of the
~ ~tatt o( 1'~nrida; upon drf~ult in the payment of principal and~ot interect when due, the whole eum o( pnn~ipa! and intereei
( r~ma~n~n~ unpaid ehall, ~t the option of the holdtes, become immediattly due d payablt.
I . ~ ~ - _ ~ v- • (SEAL)
1 ~
' (SEAL)
~r~J ~hall perfnrm, cumply with and abide by each and every the stipulations, agreements, conditions and cove- ~
nants of ~aid promissory nvte and ot this deed, then this deed and the estate thereby created shall cease and be
null and void.
l. The Mortgagor hereby covenants and agrees:
la? To pay all and sm`ular tht pr~napsl and mterest and uther sum.~ of money payable by v~tWt of sa~d prom~ssay note and th~s
deed. w e~thet. ptornptly on the daYs respec~~velY the same severallY ~comes due.
lb) To perm~t, comoit or sutfer no Waste a~d to ma~ntam ~ht ~mprovements at stl t~mes m s state of 6~d repaer and tond~t~on, and to
do or perm~t co be Jone to said pem~ses no~Dins that vr~ll alter or ehan~e the use and chsracte~ of sa~d ptoper~y or m any nriy impau or
~eaken the secuniy o( tA~s monpse. And in case of the refusal, ne~lect or ~nability of the Mortaa6or to repa~r ar.d ms~nu~n sa~d proper- .
tY. ~he Atort~a`ee mar, at his ophon, make such repa~rs a cause tAe s~me 1o be made, and advance moneys ie th~t behalf.
(cl To pay all and ain~ulu the ta:es, assessments, tev~es, I~ab~l~ties, and oblipuons of every nature on said desctibed property each
and every rhen due and payable accord~n6 to la~, befare they become delinquent, and to delirer to the Mortga6ee on or be(ore March
IS~h of eac6 year ~u receipt~ evide~c~ns ihe paymeni ot all faw(ulty ~mposed ta:es for the procedin~ eatendar year, to indemnefy thr '
Alortta~ee upon his demand (or all taaes, a.sessments anJ charses that may be assessed. upon this mort6aae on the ~ndebtedness ~
cured hereDy, and pa~d Ey the matsasee, ~~thout re~ard to any lar heretofore enacted a hereatter io be enacted impos~n~ ~ayment o`
the Mholc ot any vrt thereof upm the Ncxtsa6ee.
(dl To pay all and s~n~ular the costc, chu~es and expen.ces, ~nclud~o~ b~ryers' tees and abatract costs ressonably incurred ~+r pa~d at i
any umr Ay Ihc 11fa~~ta~tet becau~t ot the fs~lurc on the part of the Mortsa{ot to perfwm, caaply with and abide by each and every the ~
.tipul•t~ons, a6reements, cw~d~~ions and covenants o( sa~d pranissay note and th~s decd, ot erther, and every such'payment shall bear ~
intrrest f~wn da~e at ~he rate of ten (10'~c) pcr centum per annum. ' ;
; (cl It ~c fwther corenaated and s`reed by sa~d part~es that in the eren~ ot a sui~ bems msututed to toreclose th~s m~xt`a6t, the Mort- ~
` 6a~ee shall be entilled to apply at any time pendin~ such to~eclosure suit to the court hsr~n~ jurnd~ct~on th~rcof (o? tht ~DDo~ntmem ~
~ of a rece~ver ot all and sinEular the nort~a~ed property, and o[ all rents, ~ncomes, profits, ~asues and revenues thereo(, hom ~rl~atsoever 3
..wrce denred; and thereupon it is hereby eapressly corenanted and apeed th~t the Cwrt sAsll («thwith appoiot such rcce~ver w~th
j the u~wl porerc and duhes of rtceivers in like cases; and sa~d appomtmenl sA~ll be made ~y ~he court as a matter ot zuict n~h~ to f
; the Next~a~ee, snd ~~thout ro(erence to ~he adeqwcy or madequacy uf the wltx of 1he prope?ty bereby mortsastd, ot to ~he solrency ~
„r ~nsolrency of thc Mortsasas or any other parly defendant to such su~t. The Mortaa`a hereby spec~hcally Wa~ves the r~~ht to ob~ect ~
~ ~o the appomtment o! a receiver a~ a(wesa~d and hereby oipressly consents tAat such appomtment sha11 be made ~s an adm~tted equ~[y 2
and as a n+auer ot absolute n~ht to Ne Mor~p~ee and that tAe same may be done rrtthout notice to tAe Mort~asor.
(f) tf foaciosure p~oceedm~s should be ~nstituted asainst the property covered by th~s ~t~a~e upon any otAer Gen w cla~m whether r
.tle6ed to De super~or ar ~unior to the hen ot th~s m«ts~~e, the 6lottsasee may at his ophon ~mmedutely upon mstituuae of such su~t ~
cx dur~n~ the pendency thereof declare tA~s mort~ate and the ~ndebtedn~ss secured hereby due and p~yabie (orthwith and may a~ ,t.
uphon proceed tu faecloae thls mwlja`e.
(a) That the Mort~ato~ wil! kecp all real and persotul property nov a hcreatter encurnbered ~y the hen o( th~s matga~e in~urcd as may -
bc reQUired (rom umt to li~oe by the Mortp`ee spmst loss by f~re, w~ndstotm and otAer hazards, uswhies and canan~enc~es fur wch
periods and ~ar not less N~n auch amounts as mar be rtqu~red by ~hc ~Nor~~a~ee snd to pay prompUy vhen due all prcm~ums tor sucA
~nsurance. The amoants ot ~nsur~nce requued by tAe Mort{aaee sAall be the min~mwn amounts for rh~ch sa~d mswince shall be vntten
and ~t chall be ~ncwnbent upon the blortp~or to mamtain such add~honsl ~nsutance ss inaY be necessar~ to meet a~ compiy fully ~r~th
all co-sosursece reQUUements contamed m said pol~cies to the tad thst the ssid Mortsa`a ~s not a co-msuror ~hereunder.lnsunnce
shall be .rnuen by a caepany or coapsn~es approved or des~~naled oy [he i?iorcp~ee and aii ~i~c~es anC raaecals csse:a~f :ka:! ~a a_Id
by the Mat~asee. All detailsd desiena~ions by the Mort~ssor wh~ch are accepted by the lMort~s{ee and all asreements bet~reen Mortsaaor
aod Mw~a~ee relatm~ to inswance, no. ea~sunj or hereafter made, shall be in ~rntin~ •nd shall be a patt ot ~his mort~~~e a~reement
as (ully as thou~h set torth verbaum htre~n and shall ~overn botA patuea hercto and th4~r successors and ass~~ns. No I~en upon any of
sa~d poLc~es of msur:nce or upon any re(und or return prem~um rkich may bt payable on the cance!lsuon w term~natlon tAereof, shall
be a~ren to other ~han ihe Mat~a~ee, eacept by proper endorsement affixed to sucA pol~cy and ~pproved by Mort~a~ee. Each pol~cy of
~nsuranct sh~11 have atf~:ed thercto a 5tandard Ne~r York Mortp~te Clause r~thout ContnD~uon, mst~n~ all loss or tosses under such '
pohcy payable to ~he Mortsa~ee as ~ts ~necrest may appear, !n the s~ent aa'y swn a sums of naney becane p~ya0le thereunder the \tort- ~
E~6~e shall have the ophon to rece~ve and apply the saaw on account of the mdebtedness hereby secured, or to perm~t the \1nrtE~R~~
' ~o rece~rt and usc q, w any part tbereot. ~ithout thereby rarv~n~ ot ~mp~~nns any equrtY. hen, or n~ht undcr and by vuluc ot tAr.
~ mrwr y c. In cvcrtt of loss w
t 6 phYSical dam~ae to the mortaaEed properly the MortpEor shall E~re immcdute nohce thercot Ay ~ra~l t..
thr ~1ur1`aser .,nJ s~c ~1~r~E~Eee may make Mu~~f o( 1~~~. th.• .amc not m~Je prumptlv by the \lort`a~a. In even? of I~we~l~~•urt o(
.
~~QK 215 F~t ~ 4~.4
~
- _ ~ ~
- ~
.
~ 4 ~ ~ ~ ~ ~ , - '
~ -e.4 „t. ~ y ~ x!C
. `~.'sn~"~`s.~M^'~ "~_,z, ~ ~ ~
.:"~~",.^'--w:~