HomeMy WebLinkAbout1799 {'RO\ll)1•11 \1 N•~l~ ti;.~t it ~t.r \!.~;!t,~~~r ,~s~ un~~~ t;~r ',l~,r;g.+gct thr ;n.lrbtr.lr.r.. .~~~.ncrd h~ ~
i~(171f1 (~f~11i11~~iN\ fl~~ll'___._U~ N~it~fl 1}1C i~~~i.~~~:?1~ tf1 :u~ d!'~~ ~t~UfC? i~ J l(UC lt~~Y (~~-V11~
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;__~~9, pQ__ Fort P i erce . t k~~iJa September 12 , 1~~~ ,
t ~ iI~.L~'A~:1~t:c:fl~~~iAELSD~'-a~°diRRPt)~.~n~s~5~1~ S~"`~~
t~~ l~ir o~~rr u~ ~~s ~,~p~~ p g- p I~ ~ .
' th~ p~im•i~ul .u~n uf ~~~IREE=TH~S~SI~D d~ A~I~E~~'IF~Y c'iR(~ RO Z~Q~LLARS, togethn with int~rr•t
~hr~eun fnan d~t~ at thr tat~ uf lrn E?rrr~nt, per annum until maturity, bolh principa! and interest beina payable io IaMful mo~i.•~ u(
tlir l~nilyd ~tatr~ at '~'.'.-1-t Itiu•a~nr iil~d., \lia~~i, Flo~ida, ur at sucfi ulher place as lhe holdus hc~+eof auy designate in wnting.
1'~in.•ipal and int~rc+t payablc in in.talln?rn4• ar fullow.:
SEVENTY ($70.00) DOLLARS per month beginning on the lSth day of
November, 1974, and continuing on the lSkh day of each and every
month thereafter until paid in full. ~
This note ma~ be prepa~d ~n ~~hole or ~n part after one year ftom the date hereof upon payaient ~ a penalty equivalent
t~~ riKht prn•~~nt of th~• F?rinci~?al ~um prr~?:wid.
E~~I~ ia~tal6nriit paymr~t >hall I~e ~•rrditrd fint on the int~rrst due, and th~ remainder on principal; and intere~:t :hall thrn•-
upun ~'~•av u~~un lh~• ~?~in~•ipal •u ~•rrdil~•d.
Thr makrn and rndunrn uf tl~i~ nulr furlhrr aKn•~• to waive demand. noticc of nun-~ yment and prot~at, and in the event ~uit
~IIJII IIP bruu~ht for lhr ~•ollr~tiun h~rruL ~?r thr ~amr has to tx cullected upoo demand ot an altorney. to pay otasonable atlorne}-~• -
f~•~•~ lur makinR ~u~h ~•ullrcliun. . `
I Ief~rrPd pa~•m~•nt~ hemundrr ~hall t?rar int~•rP:t at thc rate of ten perc~nt pe~ annum irvm taaturity until 'd. ~
I '1'hi: ni~tr i~ c'~urcd by a mort~a~~ of even date h~~ewith and is to bc construed and en(occed acc ~ to the laws of the ~
~tat~ of F'Icxida; up~n default in Ih~ pa}•m~nt of principal ancb'or intenst wh~n v?hde sum epal and int~rr-t
I n nwinin~ unpaid ~hall, at the option of th~ holde~, become immediatdy due an y~ e ~
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N«P.r~A by ~prler l4 Tendrich, Att~xneys - 2'24(1 Ri~caynt Rlvd.. !?tiami. Flarida
ar~J shall per(orm, cumpl} Nith and ab?.ic b~ each and ever~ the supulatic~ns, agreements, cond~tions and cove-
nants of ~aid promissory nute and ~•f th~s dced, thrn th;: dzed arsd the estatt thereby cteated shall cease and be '
null and void.
1. The 4lortgagor hereby cu~~enants and agr~r~~ ~
i (al To WY a11 snd ~~n6ular cAe Mi~c~prl arC in~~rc.• an~! .~:n.r SL:.^.> „i m;,nc} ~ayab:c by +~ttue oi sa~d prom~ssay note and th~s ;
~ deed. w e~ther. pranptly on the daYS rc~pc.u~cly the .ame ~r•rra::F due. }
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` (b) To perm~t. conm~t ur cuffee m, .~stc a~d T:a~n',.r •h- :-~ne~:.eTCr.:. at a11 t,mes e? a sute oi good rtpa~r and condiuon. and [o
` do ot perm~t to lu done w aa~.'. ;rcmis~~ r.u:t:ng F*.e:'^r;:~ eitr. or ~hangc :he s.c anC char~.tcc uf caid propett~ at ~n any ~ray ~mpatt a
~ weaken lhe secunty of th~s mo~tgaR~. \nd ~r: ..~.c c re:.,a; ~cg:r.! :~r :zaD~t;ty nf tAe ~4ortgaR~' to rcpau ard ieamtam said proper-
~ ly, the Mort`aRee may, at h~s ept~on. mekr cu.h ~cpau~ ..,~c tRc ~emr to bc madc, jnS adtiance moot~s m th~t bthalf.
(c) To paY all and c~ngular thc ta~e>. d.~r~.~;rn~•. i:•.:t., i:3`+~i:t~c., ar..~ oniiga:~:,ns cf ever~ natu-e on sa~d descnbed poperty eac
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and every rhen dur ana pa)'ahlc a..o~.;~nF to :e.., ~.c~, rr 'hcv -~c~~-~c ce::nqucnt. and ~o dci~~er to tAe Watga6er on or betore ~tarch
ISth of taeh year taa recupt+ t~~den~~nF thr ~e>.-rr.i .•f aii !~w:~;''. :mponeG tza~s i:,r the preced~nE calendar yeat; to ~rtdc+enJy lhe
A1ott~aeee upor. h~c Jemand (or all 'a~e.. ~~~~•-'TC~t> >n.: .hrrgc~ :cai m3y '~t a~~csscd uM~n !h:. mortga6c on the ~ndebtcdness
cured htreby. :nd pa~d n}• m:K:RaFr-. 4:~`.:•t :c~;•d .;e. :a. ~erctntor: ena:'ed ,•r neceafter so he enacted ~mpos~ns ~?symen[ o:
the r~hole or any ^a:t tnerco! u,un the l!,~rrgag•-r. ~
(dl To pay all and ~~ngul~r thr ~o~'~. charge~ ~~;~r.~e~. •r:!a: ~a~ Ia+~erc' ar:d :bs:ract .osts reasonabl~ ~ncutred nr pa~d a~
any ume by ~hc ~tortgagec Sc~au~e •~t tnr ir,~crc ••n t~r ~~1 ihr ~lvrtgagor u~ pr::.~rm, .um~iy ~i:h and abide b) each and avery tAt
su~uleuons. agtctmrntc, c~•nd~t~nn, and c~~.c^.:nt~ .3,.'_,~;~~:+~.~s~~•. ^~.tc .nd th~. deed. or c~~Ar~. and every such~paymen~ shall bear
~nterest ftom da~e et thr rate uf trn t1U.1 pr• ~cnt~^~ rr~ ..nnu-..
(e) It is furthet coren~.'_'_ ~nd aereed ~y sa~d puues tha~ ~n the e~ent o[ a au~t be~ns msututed to (oteclose t~is eartqie, tbe liat-
N~et shall be enlitkd to apply at any timt pend~ng sucA forei loswe suit to tl~e court davie~ ~v~~sd~cum thereot tar tYe ap~wat~est
of ~ receirer o! all and .irt~utsr tht mer~sa~ed propcrty, and of sll rents, ~ncomea, pcofits, ~ssues aud re~enues tAered, fto~ ~hatsoerer
source deti~ed; aad thereupon it ~s hereby eapres~lY coveaantad and •~reed th~t the Caut s6s11 (ortA~rit! sOpoi~t a~ci reee~~er ~~d~
tbe ww) porera and duues of rece~~ers in tike uses: •nd ss~d appointment shall be a+ade by the cotrrt as s~atur of striet ript to
the Mat{~~ee, and ~ithout rc(erence ~o the adeQuacy or ~nadeqwcy of the v~lue o( the propeny Aereby satp~ed. a to U~e sol~esey ;
ot insolventy ot the Mort~a6ors w sny cther party defenCant ~o such suit. The Mortg~~a hereby spec~fic~lly ~aires 14e nsbt to object ~
to the •ppointment of a receirer as a(weas~d •nd hereby expressly consents thet such •ppo~ntreenl sAall be asde ~s ao .a.~~ua ~ao~~y
and ~s a s~tter ot ~bsolute n~At to ehe Mort6agee snd that the same miy be done w~thout nolice to the Yartsa~or.
(fl If fottclosure proceedinis should be insututed •~ainst the property covered by th~s nwrtp~e upon anr other liea or cte~~ vhet?er
alle~ed to bt superior or junia to the t~en o( this mor~gaae, the Matpite maY at hi5 opt?OO iAmCdlatCly YpOA ~AStitYUOe O/ SYth itllt
' a duria~ the pendency thereot deciare this morts~~c •nd the ~ndebtedn~~s sec~red hereby due ~nd p~y~ble tortb~~th and aar at ~ts
option proceed to (oreclose tA~s mataaEe• . -
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(v That the Mott~a~or rrill keep all re~l ~nd personal proper~y nox a hereatter encumbered by the lun o[ U?is ~atssse ~wsured ss ~af
~5 bt required troai tiae to tim~ Dy the Mortaaaee •ta~nst loss by (~re, W~nd~tocm and o~6er haz~rds, c~swluts sad eoatm~eaeies tot soeA
penads and (or not leaa th~n such amaunts as m~y be requ~red by ehe Mort~a~ee and to pay proaptfy rhee dne all pree~w~s ta sreA
'"z insuranee. The amounts o[ ~naw~nce requucd by the ~lore6aaee sh~ll be :he mimmum aes+or+~is tor ~h~ch s~~d ~esrrteee srall ee ~ntte~
~ and it sh~ll be ~ncumbent upon lAe Mort~asor to m~mtam such a~du~on~~ ~esurancc ~s may be ntcessaty to ~ett and caaplr (dlr ~~W
dl co-insur~ece reQuirements con2a~ned ~n sa~d pohcies ~o the end ehai ihe sud Mor?~atoc ~s not ~ co-WS~tor thereander.lnsarsece
sAall be ~rritten by ~ coarpanr a comD~n~es approved or desi~nated by ~he blat~asee and all polecus aad rtae~~ls theteot sbsll be ?eld
^ s br 1he Mat{a{ee. All detailed dtsi~nat~ons ~y tAe Mor~~agor uh~ch ~re accepted by the Mortsa~ee aad all ~tee~cnts Att~tes Iio[tp~ot
- ~nd 1~1ort~~tee relat~na to insur~nce, now ex~s«ns or herc~teei mi4e, ~nali be ~n .nt~n~ •nd sh~fl be a put of ~Lis ~ortpie a{tee~eet `
- u(ully u thou~h sN fortA rerb~t~m here~n and sh~If ~overn ou:A parties heroto and the~r successws ~sd us~~ws. Mo lie~ opm s~r of F
~~id polieies ot ~nsurance ot upon sny refund or return prem~um vhich m~y bs p~Y~ble on Ue caacell~uon a te~aiaatio~ ~Dereof, sh~ll +
. be ~iven to other than the Mort~~~ee, eacept by pcopcr endorsemenc a(tued to sucA pohcy sna •pao•ed sr tror~~asee. Eace oolicr ot f
_~~'4'-. in~ut~ntt shall h~ve atG:ed thercto ~ Standud Ne~r Yort Atort~~tee Chuse ruhout Contnbuuon, iaakin~ alt bss or losses rsder such j
policY p~rable to ~he MwtN~ee as ~ts ~n~crest may appear. In the event ~ny sum a su+as o! aaneY btcase ar~ble tbereoadsr tAe ~fort-
~~{et sAall Aave tAe opuon to rece~ve and •pply the s~me on •ccount of the ~ndebtedness Rereby secured, a to per~~t the W~tjs~M
lo reee~~t and use ~t, w•ny prrc thereoi, w~thout thereby ra~~ ~nj ar inrpamn~ aoy eQuuy. hcn, o~ ntMt ueder and by v~rtYe o( th~.
nqrt~a~e. In evmt of loss a phYs~cal dama~c to the mort~aRed p~optrcy the Sbrt~asw sAaU ~itt ~anedute nouce t6ercot bY ir:a~l a.
lhe Mrxt~~{te .+rn! ~ht M~+r~Ra6ee may make prur•f ot In~. ~ht camc ic not made arumptly by ~he tilat~a~a. le even~ o( (ort~lmwe o(
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~ ` ~ ~ooK 232 PaCE1799 ~
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