HomeMy WebLinkAbout1562 PRO~IDFJ1_ ,iLMJ?YS. tha~ d the 1tot~~asot shall pa~ unto the \lortsa~ee the ~ndebtedness rv~Jtncrd hy a ~
~~n~~p p«,,.r~ ou~e rt ~h~cb tAc follo~in~ ~n wucds and [i~ures ~s s ttut copy to-w~t- i
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Ma 30 , 74 ~f
s~.,825.00 Fort Pierce, _~;d, _ Y
' ~ WE ointl and severall ~ ptomisc tu pay
FE
~ a[ DIdB '1'~LS D EI H - 8n A , o`tther with intcrrst
trerco~ b,o~ ~~l t?e ~s~c a( lee peecewt. per aww~ +mW wat~iq, botl~ principal and intctcat beinR pay~6te in law(ul mo~ey u~
~r jWes ~t ni4 gi~cayse gl~,a., (1Wuu~i. Flo~id~. ~~t wch oll~ct pl~ce u the Adders heroof may dcsi6nat~ in writint.
Priwcipd ar ..teeeat'ryJle iw iw~uNwesb a~ ldb..r
THIRTY-FIVE ($35.00) DOLLARS per month, for thirty-five (35) consecutive
months, on the lSth day of each and every month, beginning on the lSth
day of August, 1974, and continuing until the lSth day of July, 1977,
at~which tiaee the balance shall become due and payable.
71us aae usY be pepad •iwle a ~n part a(tet one yeu from the date heteo( upon payment of a penalty equ~valent
~o t~.~e perceat d ttie p~.ac~pst sum prepa~d.
Eacl~ ~-taW~e~t pry~ewt ~all bc . ndited fint on tbe inicrrst due. and thc remainde~ on pnncipal; and intrrr•t ~hall thrre-
rpow ~easr rpua tl~e p~wc~pal so ctcd~ted_ .
TLr ~.akees awd ~ndo~e~s ot t6is ante twiher a6ree to v?aiwe demand, notice o[ non-payment aed pmtest, and in lhr cvent ssuit
6e y,o,y~i~t (or ~be cdlectiow 4ereo(, or the n~ee has to be eollected upon demand ot an attorney, to pay reiwnable attorney's
(K. (ar salx~ arci~ cdlectiow
p~(eReJ ph,~n,ts Me»wder J~q beac mterest at tke nte o( ten petceet per annum fmm matu~ity until paid.
~1~~, en~r i~ ~ec~~ b~r a wo~tpse ot evte dde I~c~.itl~ ~nd is to be comtrucd and entorced accordin6 to the laws o( tht
•i~ ot ep~ dc(~a~t ~w ~he pry /~tp~ pf pfl/1~IpaI Sp~'o~ intete~t v+hen due, the whole sum of prin~ipal and interest
rr.wuew~ ~wpaii ~4i. at tbe aqtio~ of the laldces, beconie i~nn _diatcly due and p~ya6le. .
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~,b~~~ ~r{~, ~.xnp1? •~th a~x1 ab~dr b} each and every the stipulations, agreements, conditions and cove-
naats of sa~d pcanissorr natc and of this dced, then this deed and the estate therehy created shalt cease and be
nail and s~oib .
1. 'i~e klort6a~oc 6ecebe co.cnants and asrees:
{a1 ?e PaT ~1~ ~ o1°t'~~ ~~p~n~st and o~her sums ot awney payable by v~rtue o( said prom~ssory note and tA~s
detd. or nt~er. i~~0~~7 daYs respecareiy tbe same severally becomes due. f
l?1 10 /e+~~. ca~i~ a sdEer ao saste a+d to ma~atam tAc ~mprovemeats at all umes in s s~ate of ~ood repa~r and cond~uon. and to ~
~ to ~e ~o~e w sa~d prcaues noah~o~ ihat s~ll alter or chanse the use and chancur ot sa~d property or ~n any ~raY ~~upair a ~
' seake~ ie x:~r.ts d~is ~Tt~t~- ~~n case of ihe retusal. neslect a ieab~lity of the Alort~seor to repair aed maintam s~id prooer- #
~ ts. tie ~ortss~ec ~a?. at das op~im. make swA re~atrs oc caust the ssme to Dt made. and advance moncys in that behsl(.
~ ic) 7o paT =1= ~`+~P{Y ~ ~~es. usessseees. !e•~es. I~ab~l~ues. and oblisat~ons ot erery nature on said desctibed property each
yr e.~ ~ a~l ~sfable scce~d~~ to las, before they becoa~e deliaquent, and to deliver to the Morttssee o~ a be~~e March
~ IS~ d eack )=x U• ~ecnFes e•edeac:a~ [Ae paymen~ o[ alt la+~tulty ~mposed a:es (or the prceed~ns ealendar year, to ~ndemn~fy the
~ ~~t w,~ ~5 ,{=s~d {Q ~saes, assescmenu sod cAu~es that may be assessed upon this mort6ase on the ~ndeEtcdness
~ yr ~a~d e~ eiu ~wrssasee, .«hou~ rc6ard io aoy lar 6erttotore eascted oc hetea[ter io be enacted impos~n6 ~ayment of
t6e ~ble or an qrt tYereoE upon t6e N.Mij6«-
(d1 7o pas ail aad s~a~alar ~he cos[s. clar~es aad expeases. ~ncludm~ larryets' lees and abstrset costs reasonably incurred or pa~d at ~
h
~ t~r'rs ifc Wrt~agee beca-r+e af [hc fulure on thc part ot the ?lortsator to per(am. comply ruh aod ab~de by tach and evtry the
st+~rlaieoas. sit~~~t~- ~~~ti°as a°d co~enaets ot sa~d promusay note and tA~s deed, a e~ther, and every such'payment shall bear ~
astc~est 60~ date at tre rste d tea 1[O'G) o~r centu~ per annum_
~t~ C~ ~~t~ ~~ja ~(t~tl i~it l\ lYt lrtlll OI • iYll bC~11~ ~Ofl1[Yttd l0 ~OtlCIO!! tlflt mOfl~i~t. tbe Mora
~s~e syp re etwld w y~y at aq ti~e ~eadiK srcY toreclosrre s~it to mc court 6aries jurisdictim thereot fa the appoiatseat
~ a~~;~ j~1 ~ t;~~r ~e ~qs~ ~rore~. a~d ot all reats, isco~es. pr~a. iis~es aed re~eaues thereof. fro~ .hatsoever
rp~y~ ~s is YueO~ eaRessb c~~~teJ a~d a~ruA ~Yat the Coort sYall forth~i~A a~oiat sncr receiver rith
~ie ad ~wers ad ~ies d recei.ers i~ like c~ses: ~d said ~poiat~eat s6s11 be ~ade by t6c corrt u~ vatter ot ~tric~ ri~At to ;
~e ad .~Wwt refere~ce to ~ie a/e~eacy or ieadequcr of tYe ~~Irc of the ptopcAy 6etebr sort{a{ed. or to tAe sol~ency
t~,~_ ~e ~rs ar ah erer }~rt~r detcsda~t to srcA sui~ TYe Mort~etor bereby speci[ieallr vai~es tbe ri~ht to object
q~e a~i~eM at ~ ~ecsi~ec as ~taresa~i sa/ kreh espreu4 caueau tYat s~ci ~~oiat~eat s6a11 be ~ade ~s an ad~itted equity
a~i ss s ~ocr ~t ais~l~c ri~t a 1~e Yat~ee +~i that tie sa~e ~r be dose wifYoot aotice to tbe AAo~Wtor.
(f) ~~~~i ~~i~p s~wl~i be y~sutrtd asaisst t~e prooer~y corcted by tMis eottp~e upao any Whet liee a cl~iis ~r6etAtr ~
~ a~ y k~~ ~ j~y~r t~ d~e lies a( t~is ~orya~e. tl~e ya~tsasee eIr at Ais optias is~edi~tely upoa institutioa of such suit
~ct~e ~~s ~ortpfe ud t!e iadcbtedsess sa~red 6erebp dae ~ad psYable faWsith and msY at its
~ rr~csd a tarccM~c ~is ~c.
~ l~SS ~e Wrtp~ ~ill teq sll real a~i ocrsa~al oro~erty w~ er serutter urcw~bc~ed er tbe lien ot tbis ~ae~s~e iasured ss mar
~ k t~ ~ ti~e y tae 1q rc 1iwt~ce a,~aiwst loss A~ tue. ~iedstas aad ot6er L~zsrds. c~swltiea ~ad contia~eacies for sucA
~ Ma {css ~n a~ci ~~ta ss ~7 ~ rcVou~ ~~~ate and to ~r proeptlr whte due dl prcniue~s fa sYCA
~a~e__i~C a~r~ts d i~s~ce rcqard b eYe liort~atte slatl be tYe wiwo ~~a~ots for vbich s~id insYnnce shall be +rittea
~ k~~ +r ~e l~o~t~a~~ b yi~yi~ srt6 ~d/itiatal iisrrwce ~s M7r be atcessulr lo mtet and cosplr tully rith
<~r~nts craa~i i~ sai~ plicies to tYe eei tYat tbe s~id MortN~a is no~ a co-ieswor U~ereande~.lnsur~nce
_ k~~ ti ~~~~~p ~~d er ies~putd er d~e 1/ortja~te asd all oolicie~ sad reae~ral~ tAereot sh~ll be hcld
- y~p~. Ap ~y~fd ies~atioas 1T tre No~t~s~or ~M~cY are acceOted bp 1!e YottNSee aad all a{rea~eets bet~een Mort~tor
~,r/ Yr~a/ee relat.~ t~ i~s~rnce. ~e+ eaisti~ ar ~eatter ~ie. M~11 be u.rities ~nd sb~l) be a part of tAis sortp~e a~recwca[
~(~p~ set tarA x~wt~ Yere~ a~ siall ~mre» eWh Paties beroW asd tMeir soccessas ~sd usi~ns. No lien upon anr ot
~txies d i~s~ra~cs ~r +e~ a~f refr ar reto /re.~i~ arY~d ~y be Wlsble an the eaacell~tian a terwinatioa thereof. sh~ll
k pb p~Yer ia~ ~e 1Nc~ee. e=ce/t b/ta~/et t~dorse~e~t aRiad w sreh oolicy aad ~Ppo~ed br Mortp~ee. Esch policy ot
~1 vn affiui tYereto a Su~dar~ Nt~ Yort MortsaKe Cl~rse ~ritAo~t Coavilwtioa. wkin{ •11 loas or losses uader such '
~C~ A~aNe v~e Ystp~ee as ~~s utaeat M~ q/ear. b~e e~at ulr s~ a~ s~s ot ~oatr bttowe p~lrable thettunder tAe ~lort- i
~a~ee si~g y~e ~e wt~ c~ rece:.e a~/ ~rN7 a Kc~e ot 1ie i~debtedness Aerebr secured. a to peanit the Mrxt~sEor ~
q ~~K a~e er ay Mrt ~ereot. ~itYort t~erey ~~i~is~ ar ipauiu~ .er ~w~~r. lita. or n~At undet snd by v~rtue o( tA~.
. r e?sat d hss ~r ~i~s~csl ds~a{e to tYe ~wttsaKd /rooe[tp t4e Motipia shal) ~i~e iaeedi~te notice ~hereo( br ma~I a~
"~e f~t~yce a~/ t~e 1ier~a~ee ~sr aste ~root ot loss ~f tAe ~ase ~c aa a~dt ~amptlr Ar the fiAortas~a. In event nf fae~tn.ure of
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