HomeMy WebLinkAbout0895 {'R()~'IDFt1. :~L.wAYS, that ~f the ~lortga~or shali pa~• unto the `1ort~a=ct the ~ndebtedne~~ evidencrd b~ a
cerla~n prwm~+~?ry nule o( wh~ch the follov?~n` ~n v?•ards and fi ures a irut c~
. . p
June 23 ~~~73
2 775.00 Fort Pierce~_F~o~da
-1------- r •
~ FOR ~ ALUF RECF.IVED ~ promiee tu pay
to th~ ord~~ o( HA_RRY J~ SEVEL AND _R_ • ~~VF.L~iIS~ 3~~E
V
~ l~~~R
, th~ pnnc~pal ~um o( TWO THOL'SAND SE____ VED1 HU~IDRED SE NTY-FIVE AN~1) . to ether w~lh ~nt~rr.t
th~teun (~om dat~ ~t th~ ~~te of ten perc~ot, per ~nnum until matu~ty, both principd and intereet beiog p~yable in lawtul money u(
th~ t'mted ~tates ~t 2:4-t Bisciyne Rl~d., ~1~~mi. Florida, ut at sucA other place aw the holders henof truy de~ignit~ i~ wntinR.
Pnncipd ~nd ~nt~Kat p~yaAle in in~taUments u ~ollov+s: ,
SIXTY-FIVE ($b5.00) DOLLARS per month beginning on the 15th
day of August, 1973, and continuing on the lSth day of each
and every month thereafter until paid in full.
Th~s note may be prepa~Q whole or ~n pstt attet one year irom ~he date heteat upon payment oi a penaity ~qu~valent
to fi~•c percent ot :hr pnnc~pal sum prepaid.
F:uh in-talim~nt pavm~ot •hal) be ~-r~d~t~d t~rst on the int~re+t due, and th~ r~mainder on principal: and mtrr~-t ~ha0 thrrr-
upun c~s,r upun th~ pnncip:l ~o c~~d?t~d.
Th~ m~k~~ aed ~ndorr~e~ ot thes not~ further ~r~e to w~~ve demand, notic~ of non-payme~t and protest, ~nd in thr ~ve~t suil
.haH b~ brouRht for !he coU~ction hereuf. or the r.ame ha.t to be collectcd upon d~mmdo( an attorner, to psy tea.conabl~ attornry~s
(rr• [or mak~nR euch coll~ct~on
Def~r~~d paymenta hereund~r ehall b~ar mtere+t at !h~ r~te o( trn pere~nt per annum [rom m~turity until paid.
l h~. not~ i!c ~ccurrd by ~ mortga~~ of rvcn date herewith and is to be conswed and entoreed accarding to the laws o( e
~eat~ o( }l~r~d~; upon dr(ault in th~ pavment of pnncipd ~nci,`ot in t when due, the whole sum of pnn~ipal and inte at
nm~~ninA unpaid ~hatl. at the optian of the hotdc~s, become rmrs~ediatel e and payabl~ : -
, ~v J L~ ; (SEAL)
5 ~ t - . ~
l ~ + ~
J ~t ~ ~ ~ . , ~ ~ ~ (SEAL)
' ~
i /
I
~r,J .hall perform. cumply w~th and abidr b~ each and every the sUpulat~uns, agreements, conditions and core-
nant~ ~~f ~a~d prom~ssor~~ note and of this deed, then th~s deed and the estate thcreby cteated shall cease anA be
null and vo~d.
l. The Mortgagor hereby co~~enants and agrees~
lal To pay all aed s~naul7~:-1hL~uncipal and ~ntercst and uther sums u( mene) payabte Ay ~~r~~e ot sa~d aom~ssory note and th~s
deed, or ntAer, prompllY on tAe days respechvely the same aeverally bec~s due.
1b? To perm~t, cwnnu or suffer oo waste rw1 ~o mamtam thc ~mprovcments at all t~mes in a state o( sood tepau and tond~t~an, and to
do ur pcrm~~ to t+e done to ss~~f qem~ses noth~na that ~r~11 alter or chan~e the use and chatacter of sa~d ptopetty or in any ~ay ~mpau or
+eaken the cecunty of th~s mortp~e. And ~n case of the retusal, ne~lect or ~eab~hty of the MortsaEor to repau aed +aamu~n said proper-
ty, the .llat~aRee mav, at h~s opt~on, rnake sucA repa~rs o? cauct tht same to be made, and advance moneys ~n that behalt.
Ic1 To pay sil and s~n~ular tAe tsaes, assessments, lev~es, I~ab~lu~es, and ob6~aha?s of every nsturc on ss:d desenbed property each
rnd erery rhen due and payable accad~n~ ~o la~, betae they become del~nauent, and ~o del:ver to the Mortga~ee on or before March
lS~h ot tacA ye~r u~ rcce~p~. ev~dencm6 the pa)ment o! all ia+fuily ~mposcd laaes (or ihe precedmR calendar year, to ~ndcmndp thc
\I«tsa6ee upcx~ h~s demaed ter all taaes, a.~es~ments and cAac~es 1Aal may be assessed upon ~Ais mort6a~e on the ~rdebtednes~
iurcd he~eby, and (~aid by the mwt~aEee. ~~~hout ~e6ard to any ta~ heretolae eaact4d or hereatte~ [o be enacted ~mpos~n6 ~aYment o:
~he +.holc or any vrt thereof upoe the !11or~Ea6ec. _
Idl To psy all •nd s~n`ular the cocts, chus~. and expenses, includ~ns la~ryers' ters and abs~r,c~ coses reasonaely incur~ed or pa~d at
! .•r.~ umr by thc ~tat~eaEec becawc u[ the (a~lure on ihe part o( the Mort6a6or to pec(orm, comply a~th and ab~de by each and every ~he
.t~pul~t~~ms, a6rcemrntc. cond~hun. and coYenants o( sa~d prom~ssoty nole and th~s deed, or e~thtr, artd t~try such~payment sh~11 M~r
~m..es~ tcum Ja~r •t the race o( tcn 1)lY:) pc? centum ptr ~nnum,
i
tri It ~c turther covenantcd and a~reed by S~,a w~l~cs ~hat m the event ot a su~~ bems mst~tuted to totecloso th~s mrxtsa6~. ?he N~x~-
(ta`ee cAall be enutted to aDD~Y ~^Y D~~~ns such foreclosure surt to tAe court hann~ junsd~eum thereof fa the appomtment
'j ot ~ rtce~ver of sll and ~~naular the mcxt6a~eG propetty, and o[ alt rents. +ncomes, p~ofits, ~ssues and revenues thereot, from ~hstsoecer
~ .ource denvtd, and thueupon u~s he~eby exptessly covemnted aad a~retd thst the Cautt sha11 (orthw~th appomt such rece~ver r~th
F ihe uswl pore~c and duhe~ o( recei~ers in Gke cases: and sa~d aRpo~~~~nt shali be made by the court as • matter of ~tnct naht to
~ thr ~I«t6a~ee, and ~~thout rc(erence to the adeqwcF or ~nadeawcy uf the value at ~he property t~ereby mortsa6ed, w to tAe colven~y
~~r m.olvency of the Atort~asots or any other party detendant to such su~t. The ~1or1Ea6or hereby spec~hcally r~a~ves the r~aht to ub~ect
i ~u the appo~n~mem o( a rece~ver a~ a(oresa~d aod hereby eapcessiy consents tAat such appomtmtnt sha11 be made ss an adm~tted ryu~ty
and as a matter of absolutt nsAt to the ?latpate and that the same may be done w~tAout not~ce to the Nor~`asor_
;
; (fi If fwcclosure pruceedia~s sAould be ~nsututed a~sinst the property covered by this mott~~gc upon any oNerl~en or cla~m rhether
' ,.ileged to be supenor or ~umor to the hen of th~s mat~a~e, the Rlortsasee may at h~s opt~on ~mmed~atetY upon insh~uhon nf ~uch su~t
M dunnt tht pendency th~reo( declarc th~s mat~a~e •nd the ~ndebtedeaes secured hereby due and payable tath~~th and ma~ at
upt~on proceed to fwecloae th~s morl~ate-
la) Thrt the Moretaaor v~~~ keeP a~1 rul and personal property nov a hereaftcr encumbered by the I~en of th~s mortgase ~n~ured as mey
bc required ttom t~me to time by ~he lNo~t~s6ee a~amst loss by hre. N~~nd.~orm and o~her ha:ards, casuatt~es and c++nuoEenc~e+ f„r ,uch
per~ods and ~or no~ ~ess thsn such ~mounts as may be requutd by the Mort~s~ee and to pay promptly rhen due all premiums fnr such
~nsu~anca The amounts ot insutance reqwred by t6e Mort~a6ee shsll be the mm~mum amounts for xh~cA sa~d msurance ~hall be wnneo
; and ~t ~h~11 be rocunebent upon tAe Alortpsor to mamtain such add~uonal msurance as may be neu~sars to meet ~nd comply (ully .nh
all co-msunnct reqwrements conta~ned ~n snd pol~cus 1o the end that the ss~d Mor~sa~a u nor a co-~nsuror thereur+der.~nsurancc
t ~ha11 bc rntten by a canpany o~ compan~es apptoved or des~snated by the Mxt~a~ee snd all pol~c~es and rene~alc Ihereo( tihall be he1J
by the Mat~asee. All deqded dts~~mhon~ Ay the Mort~a6or vch~cA are accep~ed by t!u 1lorijajee and alt asreements be~reen Mortpeor -
and Morti~6ce rc~~~~nd to ~oaw~nce, novr e:~sUn~ a Acru(~er made, sh~11 be m rr~un~ and shall be a patt ot th~s mortq~t a~ttement
as (ully u thou~h set (orth verbaum here~n and shall ~overn aoth pa~ues hereto and ~heu succtssors snd ass~~ns. No I~en upon sny of
~ sa~d polic~es of mcu~anct or upan sny retund or return premium ~huh nuy be p~yabte on the uncellat~on or ~ermmst~on theteof, shall
i be pven to othe~ ~Aan the ltat~asec, eacept by poper endorsement a(f~xed to such pol~cy aod ~ppoved by M«~sa~ee. EacA pol~cy
~nsurance sAall ha~c affiaed therc~o a Standard New Ywk Mor~ea`ec Clause +~thout Coatnbutt~x+, a+akina all loss or lossc~ under .uch
pol~cy payable eo ~he Mortp~ee •s ~~s ~n~erest msy appesr. In the event any sum or sums o( money become paya~le ~hertundt~ tht \t~~rt-
! R+6ce ~ha1! have the opuon to rece~ve and sDD~Y ~h~ same un accouat of the ~ndebtedness hereby secured, a to permit ~Ae tlnr[gaR~~r
~o receire and ust ~t. a any part thcreo(. w~thout tAereby +aivin6 d~mpa~rma any equ~tY. I~en. or n~At under and by vutu. ot th~.
~x~~~a6c. In eren~ nf los+ or pAys~cal damaEc to the mcx~6aRed aopeny the ~1ortSaEur shall E~ve ~mmed~ate not~cc ~hcrc~~f by r, a~I c.,
~hr \1.xt~a~cr anS' thc ~I.xtRaEte m~v mak~ M~~~.t :~t 1~~~~ << th,• .amc i~ not rn~dr ptump~l~ by tht ~1ort~~~or. In e~rn1 0( ture~l•~•ure o!
L~ .l
~r ~
, • ~
t -
: ,F~. ~
~ . ~ ~
7~ ~;;~•,.,a~ ~ 1 w' ~
t ~ ~ - ~ . o ~
_