HomeMy WebLinkAbout0843 ' PROYlDFI~, ALwAYS. tha~ if the \1ort~agot shall pay unto the ~bttaa`ee the ~ndebtedness ev~Jenad hy a
re~taen prom~+~~ry nole of which the folloNioa in words ~nd fi~ures is a true copy twwit:
i
s 2,~0.00 Fort Pierce F~a;d, Ju1y 26 ~ry. 73
~t~? F W 1 and severall ~o p,r
~o ~he o.~k. ~I~1G~~'~~~L'~tEK~i ~'TSGftEK
~ -HIS~'E -
the pt~incipal su~n oI .T~n Thn~~ aand ~ne Hundred Fi f ty 8Rd RO 1~~ pOLLARS, to6ethet with interesl
th~rcon trom date ~t the rate of te~ petrent, per annun+ uetil maturitp, both prin~ipal and intuat beit~ p~y~ble in law(ul money uf
th~ Umted 5tatrs ~t 224t Biaeayne Blvd.. Miuni, Florida. or at wch other place as the hddc~s heno( may desi~n~t~ in wntin~.
Principal ~nd inten~t p~yabk in inaWiment~ ~~db~r~:
Forty Five _~,~45.00) Dollars per month, begi~ning on the lSth
day of October 1973, and continuing on the 15th day of each
and every month theresfter until paid in full
This oote mar be prepaid ~n ~vhole or in put stttt ono yeu Irom ~he date heteo( upon paya~ent ot a penalty equivalent
io f~ve petcent ot the pr~nc~p~l sum prepaid.
E~ch in-tallment payment shall be credited fint on the intete~t due, and the rem~inder on principai; and intrrr~t •hal) thrre-
upon ~ease upue the pnncipa~ so credited. .
Th~ m~kea snd ~ndorsrrs of this note furthtt ~ret to vr~aivt demand, notice ot non•payment and pwtnt, and in thr event ~uit
~tull b~ bwuRht tur the cdlection hercuf, or the same has to be eollected upoo demand ot an attomey, to pay rea~onable attomcy's
(~r. (or makin6 auch cdlectioo. ~
De[~ned p~yments hereunder ahalt bear inte~rst ~t the rate of ten percent per annum [rom nuturity until paid.
7~h~.. not~ is recur,rd b~r ~ mo~aae of even date herewith ~ad is to be ~onatrued and eefoeced according to the laws of the
~tate of Fl~•rida; upon de[ault in the payment ot principd ~ndlo~ ieferest when due, tF~e ~rhole sum of pnn~iPal and inteoest
rrmainin~ unpaid shdl, at the option ot ihe hotdcet, become in~mediately due and parablt.
~ C l (S~AL)
/ ;
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~ ~ /~~~•~'i~•a F~~ ~r'~~~~=s. (SEAL)
~rnl ahall perform, comPtY N~th and abide by each and ever~~ the stipulations, agreements. conditions and cove-
nants of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be
nult and void.
1. The Mortga6or hereby covenants and agrees;
(a) To paY all and smsu?ar tAe pr~nc~pal and in[erest and othcr suau of monry payable by v~rtue ot said pr~m~ssory note and thu
derdTa eetlur, prom{+~lytn the days respec~iveiY ~he same severally secomes due.
(b) To perw~t, comm~t or su(ter oo ~raste aMi to ma~num tAe ueproremeats at aU times in a stste of ~ood repsir and cond~UOn, and to 1
do or pensu to be done to sa~d premues nothm~ that will alter or esanse tbe use aed ch~racter of sa~d property or in any ~ray ~repa~r a
reaken 1de secwuy of this mort~a<<. And tn case ot the refussl, neslect ot inability of the Mortsator to repair ar.d mainta~n s~id proper-
ty, the ?ta~p6ee may, at his opt~oe, make sucA repaus a cauce the same to be wde, and advaace moneys ia that behalt.
(c) To pay all and ~~n~ulu ~e ta~es, assessments, Ic•~es, Iiab~lities, and oblipt~oes of eve~y nature on said described property each
and every ~hen due and payable accord~ns to ta~, betote they Secoa~e deliaQuen~, aad io deliver io ~be Moriaaaee on or be(ore I~Aarch
IStA ot escA year tax ?eceip~s er~dencros the payment ot sll law(ully ~mposed ta:es tor tAe precedin6 caleadar year; to ~ndemndy. the
, Mort~a~ee upon his demamt (a all taxes, a.sessmems and cdarses that auy be asscssed upon this mortea~e on the indebtedness
cured Aereby, and pa+d by the moc~Ea6ee, wuhou~ reprd to say I:r At~etafore en~c[ed or herestter to Se eaacted ~mpos~ns aaymem o:
the rAole oc any .~art tAereot upon the ,lsort6a~ee.
(d) To pay all and s~n~ular the costs, charses and expenses, ~nclud~n~ I~wyers' fets and :bsvact costs reasonably incurred or pa~d at
any ~ia~e by the Mort6asee becau~e of the (ailure on ihe part of the ?latsasor to perform, caeply ~nth and abide by each and erery the
' supul~uons, a~eements, cand~t~ons and covenants o/ ss~d proe?issay note and th~s deed, or e~ther, aod every such~payment shall besr
j mterest (raa da~t a~ the nte o! ten UO'4) per centum per annum.
; te) 1~ u Grt6~ coreaa~ted wd ~~reed br said p~rties t6st in t6e event oi ~ snit beia~ iastit~ted to faeclwe this isocyase. the Mort.
~ ~a{ee a6a11 be wtitkd a aoplr ~t sq ti~e pe~dios snc\ foteciosnre srit to tYe tonrt 6aris~ j~risdittim lbereot ta tAe ~ppoiatesenl
of s receira o( d) ssd tisirlar tMe ~tNL~d Droperty. aod of ~11 tests. iaca~es. Ot~ts. issres a~d re~e~aes tbered. tro~ ~h~tsoever
~ sauce derived: aoA thereqpon it is I~erebr ta~tailr coveaawted atl a~reed tiat tYe Cat[ s6a11 torth~rid~ ~opoiet snc6 receiver ~itA
E tbe 4sw1 ~ers asd daties of roceivers ia lite cues; asd ~aid a~oiataeAt aial! be inde bf tbe eart as ~~atter of strict ri{ht to
tbe 1io~tsasee, aud ~it~ont refereace to tlie adeqwcy ot iesde~acy ot d~e ~~Ine ot tre pcopertr Ytteb~ ~ort~ased, a to tAe solrency
f a~ iasot~qer of tbe MorW~ors or aay o~ber y~rq deteodaat to src6 sui~ 1La Maresasor Me~ebr soeeific~llr vai~es tl~e ri~6t to object
to Ne a~oiet~eet d~ recei~e~ u aloreaaid asd berter eapressh coaseeta Wat s~e` ~yyoialieet ahall be ~uAe aa ~n sdwittcd eq~itr
aed ~ ~tte~ o( absolnte ri~ht eo We Ilortp~ee ~od tMet tAe sa~e ~r be doee ri~t wtice co t6e Mort~aaa.
(f) If torecloswe proceediap s6ould be iaatiwted apiast tbe ~ooettr co~creA bp dui rortp~e ~yop aer oWer lice or ct~i~ ~hether ,
a11e~M to ee snperio~ ar jwiar to d~e lien of tiia ~ortpte. tAe Mortiat~ pr a~ e~s opc~o. ~.cd'ueclr ~oe iastitatim of sucA suit
ar d~iss d~e peadescr tiereof dedare [his ~ortpae ud t4e iadebtedsess seeured Yaeby dre ~nd Psyable fort6wiW and w~r u its
optioa proceed w f~teclose tbis ~~e.
i ts1 TY~t tl~e lfortp~or will keeP all real ~ad persowat proocrtr oo~ at haeatter eacu~beted !r ~e iiea of tbis ~Wae insured ~s ~sy
be reqaired fros ti~e to tire b~r tAc Mort~as~e ~iast loss br fits. riodstore and otber basuds. caswltits ~nd cantw~eacies for s~ch
~~ads aed for sot ku t~u sucb iaaa~ts u ~p~ be reqn~red br ~he Ibrt~aaee aod to
O~Y ~~O~IIr ~bea dYe sIl Orce~um (a sucA
iesaneee. 7'be ~ovats o( ia~unsce reqrired ~I tYe Yonsa~te sYall be tba ~iaiw a~oueb tor ~6icb said ies~rasce sl~11 be vritten
and it siall ae arcrbest Yyaw tbe Mort~a~or to Niataie srch ~dditional insYnnce ~s ~y be ~c~:..rn ~o .ee~ .sa ~o.pir t~ur .~~n
dl co-insrraeee rcqaite~eets coe?ained ia s~id oolicies to tYe ead tAat We said Mort~ar is oot ~ co-issnrot t4ers~ader.lnsunnce
; ~hall be ~rrittee br a ca~sy or co~aoiea a~ored or desi~wated br tde Yatp~ee aed ~11 ooliciea aad reae~~ls wcreof sAal! be Aeld
br tie Mort~asee. AI! detailsd desi/utiau by 1~e yort~or ~rAich ue acceoted br 1i~e Mortaaaee asd ~11 s=ree~eets bet~eee Mort~a~or
E aod Mort~~ee ret~tia~ to ioa~raece, so~ eaiatin~ ar ~erea[ter made. s~all be ie ~rritia~ an/ iY~ll be ~ puc of thu ~tp~e a~ree~eat
u(rllr as tbayh set tatb ~erb~ti~ 6creie aod sAa11 ~orero bw~ oartits bereto asd tieir a~eceisora aed usi{~s. NO JICA Yp011 tAy O~
` aaW oolicies ot i~am~ece or rya~ uy refYSA or recros oce~ir vMid Mr be v.r.s~e as ~ee caacetl•~ioe « ~cr.~aauoa wercot. sb~ll t
be si~ee to otAtr ~6as the Mort{aree, eattOt ~r Orooer tadotse~t a(fiatA W s~d oolier aad ~oprmred br Mataa~te. Each poticy of
` isarruee sball i~~e s(fiae~ tbercto ~ Suadard Ne~ Yort Mortsa~ee Cla+ue s~itho~~ Coetribrtioe. ~akins ~11 )oss or losses w+der such ~
; oouer v.r,ek ~o ~e wor~ see ~s ~es ~.~n~a~ ..r •
p O/eu. U t6e e~qt ahr s~ or a~s ot ~wser becowe ~rable tAcreuader the Nort-
E qiee sball Mave t~e ootioe to recei~e aod •~Ir tl~e a~~e aa ~ceoawt a( tie i~dtb~eAness bereby sec~reA. or to pemit tAe Mort~~Eor
~ to rati~t aad we it. a~~r p~rt d~creot. wiWart t?ere?r ~~irios or i~irie~ aar epYitr~ liea. or ri~Mt w~der and by virtYt ot th~.
` ~ya~e. b e~eat of lo~s or p~~sical daau~e to We ~oct~aied p~ooertr Ibe Monp~ot shall ~ite iar~edi~lt nolite tberco( by ma~l t~~
~e MortpKe aud iAe 1~1o~tLa~ee w~r ante proof of loss ~f the saa~e ~s not ~aie Otw~pily br 1.it ~lart~~~at. In event nt fae~ln.we of
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