HomeMy WebLinkAbout0166 PROYIDEn, ALwAYS. tbat if the Alarya~or shall psY ueta the ~btt~~~ee the ~ndebtedness ev~denced by s
certa~n prom~ssoty note ~f whicb the [oilo~rin~ in wads snd [i~ures ~s a true copy to-w~t
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. ~dMNG~~ xO~
= 1.475.00 Fort Pierce, ~;d, August 16, ~q 73
FO E I promise tu Wy ~
~.~r4' ~~S''~~ ~
, to che o.de~ or
thc pnnc~pal wm oE QNE THOUS_AND FOUR HiJNDRED SEVENTY-FIVE at1d0 , to~ether with interey ~
tAercoe [tom datc at the rate of tes pen~t, per annuen uoW nutwity, both p~iocipai and inte~eat beir~ payabk in lawful money u( y
the llnitcd ~tata at 2244 Bi~ca~rwe Blvd.. Mwai. Florid~. or at wch otLer plaee a the hdden hereot map daian~te ia writina. s
Principd ~ad wtere~t payabk a~ iwataWwea4 ~ Idb~ss:
THIRTY-FIVE ($35.00) DOLLARS per month beginning on Che lSth day
of October, 1973, and continuing on the lSth day of each and every
month thereafter uetil paid in full.
TA~s note may !+e pttpa~d ~n v~le or ia part attct one yeu fcotn the date hereo( upon payment of a penalty equivalent `
eo five percent o[ ibe pr~aeipal sum prepaid.
Each ie-tallment paYenent e4~aU be ~redited first on the interest due, and the remainder on principal; and intrrr•t ~hall t6ere-
upon cease upun the pnncip~l so eredited_
The mak~rs aad ~ndotsees of this note furihtr a~ree to wuve demand, notice of non-parment and protest, and in th~ event su+t
~hall be brou6ht for the cdketioa he~eof, or tbe ~ame haa to be colleeted upon demmd oi an attomey. to pay reasonable attomey'c
fcc~ (ot mak~n6 wch cdkctiow. ~
De(erred payments he~euwder ~hal! bear interest at the r:te of ten percrnt pe~ annum trom maturitp until paid.
Th~s oote is ~rcnred bp a w~ort~e o[ even date he~ewith and is to be conatrued and enforced aecordin6 to the I~ws of the
~tat~ of Flonda; upoa delwh in tLe p.yIMp[ Ot p[tllppal ~IIIY01 inttmt ahen due, the ~+hok aum of priecipal and interest !
trmunin~ unp~id aha11, at t6e aption of tl~e twldees, bccome iaunediatety due and p~yabk. ' i
~ /L/-~i~~1'ud ~i~L{SEAL) ~
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~ (S L) ~
arKi shall pertam. comply w~eh and abide by eacb and every the stipulations, a~teemeets, conditions and cove-
nants uf sa~d prom~ssory note and of this deed, then this deed and the estate thereby created shall cease and be ~
;
null and roid.
1. The Mo[t~a~or hereby cuvenants and a~rees:
(a) To p~y all aad s~e~alar tbe pr~nc~pal awd ~eeeres[ ae?d other sums ot moaey paY~ble by rutue o! sa~d prom~ssory note ~nd this
~ deed. or e~tRer. po~ptly m iAe daY~ respet~irtl7 tht saae sererallr becoses dne.
lb/ To per~~t, ca~it ar sd(er w~aste aed to ~amum tAe is~oreseeb at all ua~es io' a su~e o( ~ood cepa~r and cond~uaa, and [o
E do a per~~t to be da~e to said prewes eoWua ~ist .JI alur ae cAaa~t tbe nse a~d c6u~ctee o( said poperly or m sny way ~mpair a
~e~kee t6e secun~Y o~ W~s ~tp~e. V~d ~e case d tAe refasal. aeslect or ~eability o( We Mort~a{or to repair aed isaint~in s~id prope~-
~ ty. the Mortp~ee ~aT. st 6is oquae. mke sYCA reoaus a cause ebe sa~e to se ~de. and adrancc moners ~n that beh~lf.
[ (c) To oa~ all aad s~eplar tbe taacs, usessaems, le~~es. I~ab~l~~ies, ~ad obli~~ions o( every a~ture as sa~d desetibtd propertY eacA
E aed erer~ sAee dre aed ~aYable accord~~ to lsa. befare tAey Seco~e dtl~squent, asd to deti~er to tAe Mortsa~ee oe or before Idarch
~ IS~M of e~c0 rex tsa receipts et~8e~cia~ tbe os)~eet o! all 1~~[ullr ~spwcd i~=es tot tbe preeedis~ c~leodu Year to indemn~(y ths
~ llart~a~ee ~ooa Y~s dess~d tor all taaes, assessseeu sad chat~es tl~at s~Y assessed upoa this watpse on tAe iadebtedaeas s•-
~ cared Aeres~, a~d ps~d S~ t~t ~art{a~ee, ~~thaat re~ard to aer 1~~ Yereto(ore eeacud ar Aereafter to be eascted ~mposin~ payment of
~ tAc slwle w aaY ~vrt clereoE rpoe tbe Yort~ee. '
~
~ /d) 7o p~Y all aad s~~alar tie cosu, cdar~es asJ esOensti, ~aelod~n~ I~rrers' fees aad absu~ct costs reasona~iy incaned nr p~~d at
~ ~n~ u~e bY the Mor~a~te because o[ ~hc fa+lure m tAe oatt of tAe 11ort~s~or to perfors. comply j~th and ae~de by e~cA and every the
~ supulat~oes. aFec~en~s. co~d~hoas aed coreea~u d s~~d pro~iasory aote aod t6~s deed. a euser, and e~ery such~payment sAall be~~
~ ~atereat [ro~ d~te at tfr ote at tew tlOS) per ce~t~ per aae~.
~ (e) It ia hnia co~e~ated u~ a~reed A~ s~i1 prhes tY~t i~ t6e e~eat oI • swt be~n~ uut~tuted to taeclose tAis wort~~{e. 1he Mat-
~ p~ee sYall be aUt4d te ao/1~ ~t aq ti~e oendin~ snc~ foreclos~re s~it to t6e caurt ha•in~ jutisdicuon thercof (or the ~ppointment
of a rsee~~er d~11 sM si~rlar ~e ~o.t~~~od prooertp. ud o( sU reaq. isco~es. peo(iis. .siues aed re~enues tbereof. frow ~hatsoever
swrce den~ed: ae/ t~ererpe it ~s 6e~c~f e:pre.sil~ cwc~aatd atl a/tted that tbe Caut sh~ll fotth~it! ~~oint such recciver ~r~th
t1e asa~{ p~ers ad d~uts d rece~~as i~ like cues: ud ued a/Owatseat shall be msde br tbe coart u t oatter of sttit~ ri{ht to.
~c 1{ort~~ee. aed .~~t ie(erc~ce to tle sdepcf or u~deAacf ot d~e r~lre ot ttie propertr 6erter mortsa~ed. or to the ~ol~ency
~ ar ~~aol~esc7 0( ~4e llort~ssor~ ar aa~ od~er artY delesda~t to sad suii. TAe Mortp~or herebr spec~t~e~lh ~aires the n~ht to ob~ect s
~o ~1e a t~eat ~f a rece~~a u afareissd a~d Aere ea ess caesce[a t6at iuc6 ~ int~eat sDall be sade •s an ada~~tted e u~t '
~ rrw• br v~ h vvo a r
~ ~e0 u a rtter ef sbsol~u n{~t to tie Nonsyee awd that tle ~a~e yr 6e doee ~~thoot notice to the Mo~t{asor.
~ (t) 1f [oreclosrre /rocesdup s~oYld be insawted ~ai~st tbe OrooetiY corered by tb~s so~t~a~e upoa aey other lien or cla~m .hether
~ •Ile~cd ee bc srpenx or j~~a to t~e lu~ d tiis ~ortaa{c, t?e Yottaa~ee sar at bis oOtion isseduuly upon inati~uc~on of such su~~
ot dvu~ the pende~c~ t~eo! declsre tA~s oort~se aad t6t inOcbtedness :ecured hereer due and pty~sle fortA~~tA ~nd may at ~ts
oot.m ~roceed w foreclose du ~tiate.
(v T6at tfc tifart~x .~11 keeo at{ res{ ied persaeal properryr wo~ a Sereafter eecwsbered by the I~en of tb~s uort~s~e insured ~s may
~ Oe teqrtted tra~ tue to tue Yp ~Me Yort~a~ee ap~ost losi b7 f~te. s~odstor~ aod other hssuds, uswlues and coahn{enc~es for such
~ ~er~da u~ far wot les~ I~~a sari ~~oMa u ~f be rsqruN b~ ~he Mortp{ee •nd to Pay preaptlr ~Ato due •11 prem~wns for such
- us~r~wce. T1e a~o~ts d usMrrce re~uud b tYe 1~fortauee s~alt be tbe sio~~rs amounta fot rh~cA s~~d ~nsur~nce shsll be rntten
aed ~t si~ll !e u~c~Ye~t ~o~ d~e Mortsyor to ainqu socA sdd~umal ias~ru~ce as s~y be aeces~uy to mee~ ~nd canply fully ritA
•Il co~~r~rpce re~rire~eats cwtiud ie ssid ooliciea to t1e ead t6at tie ssid Mort~a~o~ ~s aot ~ co-i~saror thereYnder.ln~Yr~nce
~ ~all re rnttes y~ a co~~y or ca~rus ~~pro~ed ar dca~{w~ted by the Mort~a~ee •nd ~11 pol~aes sod reee~als therto( sh~ll se held
6~ d+e Yatpsee. All aet~iled desys~t~aws br t6e i/ort{~~or ~Aic6 ~te ~cce~tCd ?r tAe Nott{~~ee and all yrteatats bct~reen Mataa~or
~ei Narep~ee relatms 1e ~=~wce. so+ eaestin~ ot bere~fta ~~de. s~~ll be in ~t~tia~ ~wa sM~ll ie ~~att of ~h~s iea~p{e ~peen~eet
u tdly as t,oy~Y ist tert~ ~e~tu Ytrs~~ uN shall {o~cre bo~ p~rties Aere~o ~nd t1Kir saccesiors a~d ~ss~~ns. No I~cn upon ~ny of
- saiJ ool.c~es d~wsrroce or ooa awp ret~sd o?re~rn pres~r~ ~hich sar et p~raplt as We c~uttU~uae at ~etm~n~uon thettof, sh~ll
_ be pse~ tu .~tYcr Nu~ tAe Yoryyee. e«ea er prooer t~darst~ent at6acd to sncA ool~ty ~nd ~~ored br ~Iwt~~{ee. EacA pol~cy o(
~ w~ra~ce sbtl w•e atQ.cd cAercw a Sundra Ne. Yart Ilortp{ee CbYSS .~tAoat Ceatribruae. wtin~ •II IO3~ Of IOSiti Ylldtf lYCA
~ oo~~~r o.~.~ie ~o ue vo.~~.aee as us ~stecest w7 ~Mstr. 1~ t6t etql asy swa at snss ot nantY becoae ay~ble tAereueder tAe Nort-
psee da7: hs~e the oa~w~ to rece.~e awd aplr t~e sa~e oe ~eeaet d tbe u~debtedness hcreby securcd. or ~o petmrt tht Nort~a~m
~e tKl~K su/ ~se or wy art ~ereot, ~r~Wout ~ty pi~uy a i~~u~u~ sny equ~ey, 11ea, a n~h~ under and by ru~ue o( ih~~
;z~ ~artsa~e_ M ereet of lou or p~rs~c~l l~~a~t to tYe eott~~~eC ~ooerty ~be lfor[~a~a sh~U ~~~e immedute noUce thereo( bY Ra~l o.
~ the Mwtas~ee ~nd iAc Ibrt~a~ee ~ay ~ske poof o( !ocs ~f ~6e s~n~e n not ~eade proa~plly b~ the Nat~a~or. (n evem ~f fore.l~•ure nf
. ~o~ 218 P~E ~66 ~ =
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