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PROVIDI:n, AI.MAYS, tha~ i( ~he ~lortga~or shall pay unto the Nort`a~ee the indebtedness evi~encrd hy a ~
rerla~n pran~~soty oute ~~f which the follow~ina i~ words aod fi~ures ~s a trua capy to-wit~ ~
;
A
June 1, t~_ 74 ~
: 4.375.00 Fort Pierce, F~a;d, ~
- y
FOR VALUE RECEIVED 3ointly and severally, pw,n;.e ~o pay
~o e~ p~d« SAM FRANK a~YLVIA FRANiC is wife .
. ~R ~ r D~"- ~~~„j~jTY' F-~- L thet with interesl
the principd sum o( _~~iix THOUSANT T1°cc n S t~ T ,
t h e r
e o n I w m d a t e ~ t t h e n t
e o( tce p c~cent, p e r ~enu~n uetil maturity. both princ~p+~ ~nd ~nterest bei~ p~y~bk in law[ul money u~
the United ~tates ~t 2244 Bi.eayne Blyd., Mi~mi. Flotida. or at weh otbe~ plaee a~ t
he h o
l d e
r
~ he~co f a ~ a
p d a i 6
n~ t
e i n w ri t i n
a.
. Principal ~nd intete~t pay~bk in imialltnenu r toUo~n: ,
SEVENTY-FIV'E ($75•00) DOLLARS per month, for sixty (60) consecutive
. months, on the 15th day of e~inuind until thetl5thedaynofgAuguste 1979,
day of August, 1974, and con g
at which time the balance shall become due and payable.
This note may be prep~id m whole or ~n put atter one yeu fro~n the date heceot upon paya~ent of a penalty equivalent
to five petcent of the pr~neip~l sum prepaid.
E~eh in~tallment payment r.hall be crcdited fint on the intereat due, and the rem~inder oe priocipal; aed inteK~l ~hall there- ,
upon c~ase upun the printipal so credited.
Th~ m~kers aod redorsers ot lhis notc tutthet a~tee to waive demand, notice o( non•payment and protest, and in thr event suit '
~hall b~ brought tor thc colkction hueo(, or the same has to be colleeted upon demmd ot an attomey, to pay reasonable attorneq~~
frr~ ~or mskin~ such edlection. • '
Defened payments hertunder shall bear interest at the ratt ot ten percent p« ~num fwm maturity until paid.
7'his note is ~ecu~rd bp ~ nwrt~t o~ ~'en d~k h~ewith and 'a to be construed and enfweed ~eco~du~ to the I~wa oi the
~tate ot Fl~id~: upon def~ult in thepa
rmeet oi prineipd andlo~ intaest ~?hen due, the M?hde ~um of pri~+eipal aed inte~ed
` Rmainin~ unpaid ~ha11. ~t the option of the holdee~, beeon~e ima~ediate due and p~yable. ,
l~ ~ (SEAL)
~ ' ~
: ~ ~
-~s- (SEAL)
~
ide b• each and every the stipulations, agceements. conditions and eove- ~
ar~d ~hall perform, comply w~th and ab y
nants of said promissory note and of this dccd, then this deed and the estate tt?er~by cteated shall cease and be ~
null and void.
1. The Mortgagor heteby covenants and agcees:
To pay all aod s+~6ulsr the p~nc~pal and ~nterest and other sums o[ money psyablt by virtue of said prom~ssay note and th~s
dced, or e~tAet, pramCt~Y on ~he days ~espectir•cly !he samt severallY becomes due.
(b) To permit, comm~t or suffer no Waste a~d ~o ma~num she ~mprovements at sll ua~es ~n a shte of 6ood repai~ and condiuon, and to 1
~ do or pernnt to be done to said prem~ses no~hm~ that rJl alter or chan~e the we and character o! said propertY or in any way impa~r or
i
t reakee the security of th~s monp~e• And in case o(.~he retusal, ne~lect or ~nab~lity ot the Mort~a6or to repa~~ aed m~~nta~n s~id proper-
~ ty, ~he Mor~~s6ee msY. at h~s ophon. make such repaus or cause the same to be made, and advance moneys in that beh~lt.
~ D~ 0~' Y
(c) To psY all and ~~naular the uaes, assessments, le~~es, liab~l~ties, and oblipuons ot erery nature on said desetibed o t each
~ and every rhen due and paYable accord~ns to la~r, befae they become delinquent, and to del~ver to ihe Motttat« ~ a~tae March
~ lSth ot eaeh Year taa receip~c ev~denc~ng the payment o( all lawfully ~mposed taaes [o~ the precedins calendar year, to ~ndemndy the
Mact~atee upon his dem~nd for all uxes, a.sescments amf char6es tha~ may be assessed upon this mat6ase on the indebtedness
cured hereby, and pa~d by the m«tEaEee, r~thout re6ard 1o any IaW hereto(ore tn~cted or herestter ~o be enacted imposms ~ayment o:
the whole or any ~ar~ thereot upon the A1~•rt~a6ee. f
(dl To pay :II and s~nsular the costc, char`es and expenses, includ~n; laryers' fees and abstract costs reasonably incurred ~x paid s~
any uroc by thc ~tor~6a6ee because of tho ta~lure on the part of ~he Mort6a~ur w perform, comply W~th and ab~de by eacA and every the
st~pul~t~ons, s~eements, cond~tions and corenants o( ss~d promissay note and th~s deed, or either, and every sucA~payment shall bear
~ntcres~ trom date at the ratt of ten 1104) per centum pe~ annum.
(e1 It is futd~a to~eaanted and a~reed br aaid pattie~ th~t in t6e event ot s suit beias inatituted to toreclose this ~eat~a~e. the Alort-
, p~ee shall be eatitled to ~pply ~t ~nr time peadin~ such tarcelosure ~YIt t0 t~~ COYtt I1~rillj j~fifdlCtlOn tb~tt0~ ~G! dlt ~ppOiAl01t11t
of ~ rccei~er ot ~11 ~ad riosular tt~e awrtia~cd propertr, and of ~11 rcnu. ieeoses. ~diu, isaues aad rereaues thercot. troe ~h~tsoever
source deri~ed: aed thererpon it is Aereby e:presslr covesaated ~od asreed t6at t6e Caut sh~U fotth~it6 ayoist stich receirer with
the usu~l power~ ind dutics of rcceivers in lite c~~e~; and said ~OpolAt~Ct1l f~ill b! w~de br t6e tonrt ~s ~ eattet ot strict ri{At to
the 1Aart~~jee. aad ~ithaut reterence to the +deqwcy or inadequacy ot t6e ~~Ire ot tbt ptopettlr Yttebr sort~a~ed. or to tAe solvency ,
or insolvescr of tbe MortNtors ot anY oWer p~rty defeedwt to sYCb suit. '!Le Matp{o[ Aerebr soecifiealllr r~ives the ri~ht to object ~
~ to tbe ~ppoiataeat of ~ recei~er as ~faes~id ~nd 6erebr eapreuh coeaeats t6~t sneA ~opoiatsent shall be aade ~s ~a adwitled equity ;
and a s~tter ot ~bsolnte ri~ht w tbe Matptce snd U?~t tbc sue s~lr ae done ~rid~ont notice to tbe lfortsafor• ?
~ ((1 It fo~eclwure proceeAiop sAould be iaatituted as~iast tAe oropenr corered br tbis ~o~tp{e aoon tar other liea or cl~iie ~hetAer
alle~ed to be suoerior ar juaior to the liea of t6ia ~wrtsa~e. the Mo~ttaKe m~r ~t bis optioe iesedi~celr upon iastitntion ot sucA suit
_ or daria~ tAe pendtacy thereo( declare tbis mort~~~e ~ed the iedebtedaess sec~red herebr dne and WY~ble torthrich ~nd euY at its
~ optioo pcoceed to faeclo~e tAis oort~ase.
- That the Mo~t~oc ~ri0 kcep all rcal ~nd personal propertr eo~ a Aeteatter encusbered by tbe liea of Wis sortt~~e insured as mar
~S be required troa tiwe to tise bp tAe Mortjute a~ainst loss by fite. ~inds~are aed ot6er hasuds. c~swlties aad con~in~encies !or such
~ penods ~nd for not less tbas such aao~~e~s as s~y be reQuired by the I~/oryasee ~ad to par pro~ptlr ~hen due all prem~ums (a sucA
~ ~nsuraace. The asa+na of iaur~nce reauircd b~ tbe Mort~~~ee s6~11 be tbe siaiws s~o~ets for ~AicA ~aid iastr~ece ~hsll be ~ritten
and it s6a11 be iac~bcot upon tbe MotW~a to diataia sucb ~dditiaul ~s.~ranee ..r be ne«ssur ~o Aeei ana ~o~.o~r t~nr •~u
~ •11 co-issuraece requite~ents cont~iaed ia said policies to tbe eod tbat tAe s~id MortN~a is not ~ co-inswor thereunder.lnsurance
shall be +~ritteo by ~ co~p~ar or coepanies aoprored or des~~n~ted br ~be Mo~t~ute sad ~11 Policies sad reae~rala U+ereot sh~ll be bcld
~ by the Matp{ee. All detailed desi~oations br tbe Ma~t~~~or +rAich_ate ~ecepted bp tAe Mort~ee aad ~11 sjrte~eals bet~reee Mortpta
~od Mortaatee relatin~ to iunr~ncc. ao~r eiistin~ ar Aere~(ter eade. sA~ll be ia ~titins ~s0 shall be a oart of t6is ~at~a~e a~recment
~s tullr ~s thoutA set (ath ~erbu~s Aerein ~ad sh~ll ~o~ern both parties hereto and tLeir sYCtessors aod uii~na. No lien uoon snr of
• n ,
, s~ld oolicics o( ioswance o~ uOoa anr re(uod or retwa pre~i~ ~rAieb awr Ae ~Y~ble oe tbe csatell~tioa a ter~iaation thereot. sA~ll :
be ~irea to otber thaa tbe Mort~atee. eaceot br proper endorsewest •ffised to suc6 policy an8 ~pprored br Mat~~~ee. Each policy of !
~ iai~raeee sha11 Aa•e aff:ed thereto ~ Suadud Ne~ Yat Mortp~ee Cl~we ~ilhwt CoavibYtim. ~akiai ~11 loss or losses under sucA ~
Psy~ble thereunder the ~1ort-
~ policr alraple to We Monp~ee ss its ~oierest s~r ~yoeu. !e t6t e~e~t u~7 sw~ a sn~s ot ~oner secowe ;
p~ee sh~tl ba~e the oPtion to recei~e aod ~op1Y ~ s~ ~~ceant o( t6e iadebtedness Aerebr secwed. ar to permit the N~x~~sEor !
to receive aad we it. a anY p~r~ thereof. ril6out t6crebr w~iviu{ ot i~irio~ anr equitr. tiee. a~ ri{bt under and by virtue of th~. ±
matN~e, !n e~ent of lws a physical dssa~e to tAe awrtaaied property Ihe Mort~aLot s11a1! sive issedi~te nolice lheteo! by ma~l t~~
the Mortptee ~nd ~Ac AM+r~~a~ee msr iaakc proot o( loss if the sase is not o~de pranptlr br thc lNortia~a. In event of to~e~l~•ure ot ;
~ ' ' ~ooK~ ~193~
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