HomeMy WebLinkAbout0902 I'RU~II)1~11. 11 K:11"~ Ih.~~ if IF<< \1,•?tta~;:•r .l..,ii r.at u+~t,? tfi~ `.iuctg.~g~•~ thr ~nd~bt~dnr~? .~iJ.nrrd h~ a
ierta~n ptum~..at~ m~tr ~~t Ni~t.h tl?e t~,l1,~~~~i:~ ~r a~~t.l. an~f t~gtir~, i. a uut «~~+y ~~•-M~1_
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' = 1, 225 .00 Fort Yierce, ~a;d, Julp 20, 19. 74 ~
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~ rU11 r ALUG 1~[A.61 ~ GU 1' r-i
to the ordr~ oi STEVEN FRIED
the pnecipai wm ot 2NF ~OUSAND TWO H -r ' an . . to6e~het wich interest
~herean [wm date at the nte o( ten pereent, pu snnu~n until maturity. both principal ~nd iete~t bein~ p~yable in law[ul mone~ uf
the United States at 2Z44 Bi~eayne Blvd., iNiami, Florida, or at wch othe~ place a the hddas hereo~ may desi6nate in v+eitina.
Principal a~d intetcst pay~bk in in~Wlmeets a~ tdbvn:
THIRTY ($30.00) DOLLARS per month beginning on the lSth day of September,
1974, and continuing on the lSth day of each and every month thereafter
until paid in full. .
Th~s note may bs prep~id ~n who{e oc in put attet one yeu f~om ~he date heceot upon paya~ent o[ • penalty equivalent
~o five percent of the pri~cipal ~um prepaid.
Each in>tsllmeot p~yrnent shsll be crcditcd itrst on tAt ~nterest due, ana t~e temainaer on principai; a~u inicrr~i ~•i~~ii inerc-
upon cease upun the printipal so crcdited. ~
Th~ m~kers and ~ndorse~s oi this note turiher aatee to waire demand, notiee of non-payment and pwtest, ~nd in thr event suit
~lull be drouRht tor the cdlcction hereot, or the ~ame has to be eolleeted upoo demand ot an attorney. to piy ttasonable attorney'~
(er. !or makin6 sueh eolleetion.
Defened Payments henunder shail bea~ iriterest at the nte ot tan percent pe~ annum from maturitp until ~aid.
l~hi.a note ea ~ecured bq a mort~e of even d~te herewith and 'a to be eoratrued and enforced aecordu?a to the laws ot the
<tatr of Fl~id,; upon default ie thepa y~nent ot principal andlo~ intc~est Mhen due. the Mhole rum o( pnncipd and interest
rrmainin` unpaid shall. ~t the aption of the holdtn, becon~e ~nuaedia due snd paysWe.
~i~1'= L~-c-[ci ~ ~1'~..fi~-t1 (SEAL)
~
! (SEAL)
ar~J ahatl pet[orm. cumply Nith and abi~le by each and e~~en the sUpulat+ons, agteements, conditions and cove-
nants of ~a~d promissor~• n~?te and ~~f th~is dred, thcn th+~ deed and the estate thereby created shall cease and be
null and void.
I, 1. The Mortgagor hereb}~ cu.enants and agree~~ f
~ (a) To paY 1^d ~~naula~ tht p:~r.c~pa' ar.d intcrc~~ a^..: .~:~:rr sum. of mnrry payaoie hy~ v~rwe o! sa~d prom~scory note and th~s ~ !
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detd. M etthtr. ptomptly ~n [ht daYs recpect~1-13' ;~e ~c~cr~f'~ `+c.,,r..c+ dac.
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' lb) To perm~t, ranm~t or su!(cr no +a~tc ..~d 'e n~:r'a:n ~hr ~^p~ ~~~^~~rts at ai! umcs in a state of good repa~r and cond~t~on, and to
i do or permu to be done to sa~d prem~srs noenirg .t~a~ ~:ii a:~e: r: ch,r,~r the usr and characv_r of .a~d peoperty or in any way ~mpa~r or
y Wtaken the secunty of th~s mur:g~Rc• ~r.d :r. .a,r thr ::iu~a1. n,g!e.t c~r ~rati~hrv ot thc ~tortgagor to rcpau acd ma~ntam sud proper- ~
ty, ~he Mort~aEee may, at h~s opt~on, make re, ~:r, c.~u<r :he aamc be made, anG adtiance muneys ~n that behalf.
(c) To pay all and ~m6ular the laa~ti, a.~~cs~^.~cn[~, ;e~•~ex. :~a~:ii[ic., ar,;.~ uhligat~ons .f every nature on sa~d descnsed prope~ty each f
and every'~vhen due •na pa~able ac.or.i~ng tu iaw, ~e~~xe ~hey i~eior.~c ~ehnqu~n:, ai~ eo deii~tr to the !11ort6a6ee on or betore Ma~ch
~Sfh of eaeh Year taa rece~pt. e.iden.~rg the payc,:n• or a~: :a+}u!'~ ~mpo,ed te~en ior ~he prrced~nE calendar year, to mdemn~fy the
AlatsaEee upon his demand iM all ta~c~, a~~«~m.~.~ ~ra .he:ge* ~ha~ m.~~ fie a:,cc~eC up~~n th~s mortga6e on [he ~ndebtedness
cured hereby, ~nd pa~d oy ~:excEege<, .+!fi.~~• -'d~:J ?o ar.~ le~ he•eto(ure rnactcd vr herca(tu io be enacted ~mposm6 ~ayment o:
~ the vrhole or any ~art thercot upen tn~ V••r:gagec.
(d) To pay all and s~ngular thc co~t~, c~.+rfc` .:~d ~'r^t"`~`• ~°~~~~'°R ~3w>~rs' Ccr~ and abstract costs reasonaDly ~ncutrtu or pa~d at
any umr hy the \1ut~gagrc brceu~r .~f t~c fa~~nrr ~.n +hc rarr of ;h. ~lortga~L~~r to pcr:orm. :omply ~~eh and abide by each and every the
shpul~t~ons, agrtemcnt~, cnndiunn+ a~d cuc~^3r.t~ o: -e~d p~vm~«~xy ::otc and :h~s dccd, ~u erther, aad e~•ery such~payment shall bear
~nttrest ftom da~e at thc rau of trn Itl~ =1 Pc~ :cneum n~-r .:n~ur,.
(t) It is f~rtbet eoren~.'__ and asreed by ~aid part~es that in the evcnt of a swt beins msuwted to [oreclose this mattp{e. the Mort• '
p~ee ahall be eatitled to apply at any t~me pend~nE sucA foreciosure suit to che court da~int juri~Qictim lhereof fa tbe sppo~atment ~
ot ~ receiver o( ~II and ainsular tl~e mwt~ased procerty, and of ~11 rents, incomes, profits, iasuee and rerenues thereo(. fran wh~boever ~
source_detived; snd ~hereupon ~t is hereby eap~e~aly covcnanted and ajreed that ti?e Coutt sA~U torthwith ~ppoiat suc6 receiver vith
the uswl poweri and dut~es o( receivera in like cases: and said appointment shalt be made by We coutt ~s ~ matter ot atrict ri{ht to !
the Mortp~ee, and rithout reterence to the sdeqwcy or madequacy o( the ralue of the property hercby iaort~a~ed. or to tAe solrency
or iasolveeey ot the ?lort~stors a any o~her yarty defendant to such suit. The Mortga`a hereby apeci(ic~lly ~r~ives the ti~ht to objeet {
~ to the •ppointmem ot a receirer as aforesaid and -hcreby expresslr consems thst sucA ~ppo~ntmenl shall be made ss an sdmitted equ~ly `
~ ~nd ~s a s~tter of absolute n~ht to the htorc6a~ee and tna[ the same may be done vnthout notice to the Mortsa~or.
((1 lf foreclosurt procetdinp should be ~nsutwed apinst tne property covered by tAis mortq~e upon anr othet lien a cla~m rrhether
alle~ed to be supena or jun~or to the lien ot this ma~sate, the Mor~Q~~ee msy at h~s option immedi~tely upon ~nst~tutioo of sueh suit
~"s or durias the pendency thereof declare th~s mort6adc •nd ~fie ~ndebtedn~ss secured hereby due and p~yablt (orth~~th and may at itx
- oplion proceed to (aec{ose tA~s mortt+t~•
~3: TI1~( (I1t ~Ipf[jljOf MIII kttp !II re~{ and personal propcztY eow or hereaftcr encumbered by the Hen o! tAis mort~a~e ~nsuted as may
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~j be tequired froa tie~e to time by the Morts~6ee •pin~t loss by fire, w~ndstam and other hazards, uswlties •nd contin~encies (or suc
~ per~ods aed fa not les~ lhan such amounis as msy be reyuved by the Mor~psee and to pay pronptly When due sll prem~ums for sueh
~ insur~nee. The amounts o( ~oaurance requ~red by tBe More{~aee shali be the m~nimum ~mounts tor vh~ch s~id ~ns~u~nte shall be vnttee
~ and it shall be incumbent upon the Mart~a6or ~o m~mta~n such additional ~nsurance •s may bc necessary to meet and comply fullr ~itA
~ all eo-insu~~nee requirementa contsined ~n said polic~es to ~he end that the s~id Mat~~sw ~s eo~ s co-insuror thereunder.lnsurance
~ sh~l) be rritten by ~ caopany or coo~pan~es ~pprored or desi~tnated by the Mortsajee and •L' polic~ta •nd renev~ls Mereot sh~l) be Aeld _
by the Matptte. All detailed desi~naUOns by the Mott~~gos wh~ch are sccepted by ~he Mort~aiee and all ssteements Aehreen Mottp~or
~ed Mortauee relshn~ to insur~nce, no'r ea~stin~ or ~creaf~er made, ~h~l: be ~r. rr~tins aod sh~ll be a pstt of this matN~t a~reeaent ;
~s fullr ~s thoust. sct forth verb~tam hcrem •nd sAall ao~ern both ~art~es hereto and their successors and ass~jes. No lien upoa ~ny ot ;
~ 5 aaid oolities of insurance a upon •ny refund a return prem~wn which may be p~YSble on the c~ncellation or termin~tioa thereo(~ sAall
be ~iven to other thsn the blort~a~te, eicept by proper eredo~sement sffiacd iu sucA pol~cy and ~ppoved by Mat~~~se. Each policy of ~
in~~r~nee ah~ll h~re a(fixed thereto a Sundard NeW York More~aset Cl~use w~thaut Cootr~but~oa, makins •11 loss or losses under such
politr paYable to the Mottp~ee as ~ts ~e~erest may appeu. In the event •ny sum or sums ot moner btcamr p~yable thereundcr the ~tort-
~ ~a{te shall Aave tAe option to rece~~e and •pply the same on account o( tht ?n0ebfedness AereEy secured, u to perm~t IAe ~1orl~sRnr
to teeti~t atd use ~t, ar any parl thtreo(, without thcrebY +~~vtns or ~mpa~nna any equ~ty, lien, or nsht under and by vutue of thi.
a~ottp~t. In event of los~ or pAYs?ca~ d+ma~e to the murtea`ed ptoperty tht ~lortpda shall ~~ve ~mncdutt nohce tAerco( by ma~l to
tht Morlp~te ~m1 ~ht MmtEa~te may make p~o~~f of ;oc~ ~f thc camc ic not madt promptly by thc ~1or~ja~a. In evem n( ture~lr+~urt of
~ ' BOCK 2~U PACE ~70z
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