HomeMy WebLinkAbout0878 {'RO~'IUt:l1. AI.NAYS, that ~f the \lortga~or shall pa~• unto the \k~rt~a~et the ~ndebtedness ev~~rnctd hy a
crrla~n p~umi.sory nute ~t which the fullowing in watds and figutes i~ a trut copy to-w~t~ -
,
~s~t~il~C ~7~Ale L
s2,~25~QQ-- Fort P;erce• Ftorid, June_2~~ ~~~73_--,;
' FnR VALI?F RECEIVf.D I promiee tu pay
~ to th~ ord~. ot SAMUEL BAItER AND KATHERINE BAKER,_~IjS~nIIFE
the principd wm ot TL~~O___THQII,~AIyD~Qj,Ig_liU~$Eja~T~d~NTY=FIYE~1,j~IZ .I. togeth~t wilh interc.t
~ th~r~on [rom dste at the rate of t~n prtcent, Pe~ ~nnum until matunty, both pnncipd and iote~eet beinR payabie in law(ul money uf
th~ l?nit~d ~tate~ st ~2,i4 Bucayne Bivd , S1~~m~, F~o~ida, u~ at such other place a~ the holdera hertof may de•~gnat~ in writrnR.
Principal and eot~rret pavsble in in~ta!lmenu ai felloMr~:
FIFTY ($50.00) DOLLARS per month beginning on the lSth day of
August, 1973, and continuing on the 15th day of each and every
month thereafter until paid in full.
Th~s note ma} be prepa~d ~n whole oc ~n patt after one ye~c from ~he date hereof upon payment of a penalt}• equ~valtnt
t~~ f~ve percent of :he pnncipal sum prcpa~d.
f.~~h ~n.tallm~nl pavment ~haH !?e ~•rrdit~d fir:nt nn thr inter~st due, and th~ r~mainde~ on princfpal: and ~ntrr~~t •haQ thr~r-
upon c~ssr upun th~ ~.rinc~pat w ~r~ditrd.
Th~ ma4~n and ~ndotsers ot thia not~ furiher agree to Mraive demand, notic~ of non•payment and protest, and in thr ~vent suit
.lull b~ brouRht (or 1h~ co!lection her~uf, or tht aame has to be eollrcted upon demand o( an atlorney. to pay reacun~bl~ atto~n~y'c
(rr. (or mak~nR wch colf~ctiun
ne(rrr~d paymtnta hereunder ~hal) b~ar ~nter~tt at the nte o( ten perc~nt per annum (rom maturity until•paid.
7 h~~ not~ ie ~ecurrd by a mort{pge of rven date herewith and is to be con trved and en[orced according to th~ laws of the
~Iat~ of }lnrida; upnn drfautt in th~ payment ot pnncipd and~oc t w e dut, th olt-~um f prin~ipai and ineetea
trma~ninR unpaid fhdL ~t thr option of th~ holdera, become ~mr:~ediatel • aAtd Paya
.
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(SFAL)
sr~J ~hall perfnrm. cumply with and abide b~• each and every the stipulations, agreements, conditions and cuve-
nants of tiaid ptomissoty nute and of this decd, then this deed and the estate thereby cteated shall cease and be
null and vo~d.
1. The Mortgagor hereby co~•enants an~ agrees:
!a) To pav all and ~m6ular the p~nc~pal and mterest a~d other sum~ of money payable by wttuc o( sa~d promusay nott and th~s
deed, ur e~ther, promptlY on tAe days respect~.ely the same se~eratly b~cumes dae.
1b) To perm~e, c.xmm~ ~x sufter no waste a~d to ma~ntam tAe ~mprorements at aN umes ~n s state o( aood reDau and cond~t~on, and to
do ~x perm~t tu Fo Jone eo said premises nothm~ that a~ll alter or chanse tAe us~ and character of sa~d property or ~n any ~ay ~mpa~r ~x
weaken the ce.unty o( tA~s mort~a`e, And m case ot the rctusal, ne~lect or ?nab~l~ty of the Mortaa6or to repau aed ma~nu~n ss~d proper-
ty, the ~tor~~aRcr mar, at h~s opUoo. make such rrpaus or cauce the same to be made, and sdvaoce monrys ~n thst beAalf.
Icl To pay al{ and ~~n~utar tAe taaes, assessments, tev~ss, AabJ~ues, and oblipt~ons o( every nature on sald desct~bed prope:ty cach
and rvery rhen dut and paYablt accordm~ to lar, befart they bec.ome deGnQuent, ind ~o dehver to tAe Mortaasee on w beforc f11areG
IS~h of eacA ycar ux rece~p~. ev~denc~ng the payment ol all la~fully ~mpoced taaes for eh~ preced~n~ calendar year: to ~ndemn~f> tAr
AWrt`a6ee upon A~s Jemand tor ~11 1a.es, a.sescments and cAarses that may be assessed upon th~s mort~a6e o~ the indebtednes~
~ured hereby, and paid by the mottea6ce, w~thuut rQ6ard to any law hcrctofore enacted ur hereafter w be enacted ~mposins ~aYment o:
the vhole uc any ~art thcreof upoo the ~tortR~6ee. •
Idl To pay all .nd s~nsular the cost~, cAarses and expences, mclud~n6 laryers' fees and absu~et costs rtasonaAly mcurred or pa~d at
; en} temr b~ ~hc \fort~a~Cee becau.e uf the failure r.n the part of the ?1ort6a6ot to pertorm, comply wuh and ab~de by each and avery ~he
' .e~pul.uoe., agreementc, cond~Uon. and cove~ants ot sa~d prom~ssor~~ note and th~s deed, or ertAer, and every sueh~payment shal! bcar
,m. rrst fcwn datc thc rate of ten f IlY=) pcr centum ~er annum.
t
k Ir) It (uriAer covenanted snd a~reeJ by sa~d part~es ihat ~n the e~eM of a surt be~ng ~nsutmed to taeclose th:s m~xt~a6e, the ~IM~-
~
p ~rasee .hall be enUtled to spply at any hme pend~na wcA foceclosurc suit ~o t e court fiann~ ~ur~sdict~on th~renf ta the appomtmont
~ ot a rece~rer u( all and singular the mex~~ased property, and ot all rents, ~ncumes, prot~is, ~ssues and revenue~ theteot, (rom ~hatsoe~er
.uune denvtd, artd thereupon ~t is hereby eapressly covenanted and a~reed tAat the Court shall fathwith appo~nt such rcce~~er r~th
B ~he u.ual powcrc and dut~es o( rcce~~ers ~n like uses: and sa~d appo~ntment ch~ll be made by the court as a matter ot stnct n`ht to
•hc ~Smt6asce, and w~thout re(erence tu tAe adequacy cx ~nadcqwcy u( the value of the propcr~y hereby matsa6ed, a to the .olvenc}
€ ~nsolvency ot ihe Mortp~or+ or any nther party de(endant to such .mt. The ~~ortsaeor hereby spec~t~cally Wa~ves the right to ub~e~t
~ tu the appo~mment of a rece~ver a~ atoresaid and hercby eapressly consonts tAat such appointment sha11 be made ss an adm~tted equ~~y
enJ as a matter of ab~olute nthl ~o the Matsasec snd that tAe samt may be done v~uhout notice to the Mortpaor.
{ (fl If frxeciosure proceed~n~s should be insU~uted saainst the ptoperty covered by tA~s mortpse upon any other I~en or cla~m rhethe~
! aileKed to be supenor a~ ~un~or to tAe I~tn of th~s mat~a~e, tht 4lottaa~ee may at h~t opuon ~mmedsately upoe msdtut~on o( ~uch su~~
or dunn` the pendency thereof declare th~s mmtsaje and Me ~ndtbtednrss secured hereby dur and payable lor~h~rrth anJ may a~
opt~on proceed to faecloae tb~s m«taaae.
(s1 That ihe !?1a~sa~or r~ll kecp all real and pcrsonal property nov on c~rcattcr encumhered by the I~en uf ih~s mortga`e msur~d a~ ma~
~ hr reQuued (rom time to ~imt by the Mwt~~ee asamst lo~s by hrt, w~rW+tam and other hazards, casual~us and conungencic. fw .uch
i penads and tor not tess than such amoun~s as may be requued by ~he Mortsa~ee and to paY D~~Di~Y when due all prem~ums fM such
mauianca The smounts ot in~urance requircd by the Noreta6ee shall be the m~mmum amounts for wh~ch sa~d ~n~u?ance ~hall bc ~r~uen
~ and i1 chall be incumbent upot~ the Mort~a6iu to m~mtain such add~honsl ~nsuranct as may be rtect.sary to mte! and compty fully M~th
all cu-~~sunnce rtqw~ements conta~aed ~n sa~d pobcus to ~he end that ~he said MortaaEa not a co-~nsuror thercunder.lnsuronce
.hal1 be wr~tten Ay a canpany ot companiex approred or des:6nated by the M.xt~a~ee and all pol~c~es and renewala thertof shall be he1J
by ihe Mat~a6ee. All deta~led des~eoat~onc by ~Ae Mort`a6or rh~ch are accepted by the Alort~saee and all asreements between A~ort~asor
' and Mort~a`ce ~datina ~o msw~nce, eo~r exisun~ or tiere~fier made, shall be in ~nun~ and sAall be a parc of tAis matsa~e s~reement
as tully as ~Aou~h sN tor~A ver~aum here~n snd shall ~overn both parues hereto and thar successo~s and assi~ns. iVo ben upon aey of
sa~d polic~es of msurance w upon any refund or return peer~~um rbieb m~y be p~y~ble on the cancellshon or ~ermm~uon ihereo[, sh~ll
° be a~ven to otAer than the Motl~agee, eacept by poper endorsement a(fiaed to such pol~cy and appoved by Mor~~a{te. Each pol~cy o(
y ~nsuranct shalf have aff~aed ~Aercto a Sut?dsrd Ner York ~1ort6adee Clause vithout Contnbutwn, mak~ne all loss w lossc~ unJer wch
pohcy payable tu Me Mortp~ee as ~ts ~rtierest may appear. In the event any sum or sums o[ money ~eaxnc payable thereunder Me ~tnn-
K+6re .hall have th~ opt~on to rece~vr •nd apply the same oa account of the mdebttdoess hercby secured, or ~o petm~t the \t~ngaR~.+
~o rece~re and use it, or any part thercof, w~thou~ Mtreby warvm6• or ~mpau~n6 any equ~ty, I~en, a naht under and by vinuc o! th~~
m~M~6~6c. In errnt ot los+ ~x phys~~al dam~Ee to tht mort~aged property the A1ort6aEo~ shall E~ve immed~Nt noUce therc~~t b~ Teil
; ~hr ~IortRaRrr rnJ ~hc ~b,rtQaEe~ m~~ m~t~ pm~d ~~t l~~.~ ~f ih: .~mc irn m~Jc promptlv hy th~ ~tort6a~a. In evrnt of fcKC~1~~.ure o(
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