HomeMy WebLinkAbout2057 NRU\111f~11 \I N-11~ tl:.t~ ~t i`,r ~t,,,~..~~,~ ~,.lti ~.nt~~ ~hc `.1~~~tga~;.•r 1hr ~ndchtrdnr., rviJrn~r~! M a
CtflJtll ~1f1~t111~~~~t\ fl~~li_~_~`) ~~n~~l l~t~ !,~~1~:~~:~~~~ tT! ...~~~I.1. .1R~ ItFttfl'? 1~ J IfllC ~u(~Y l~~-N1)
S 1, 750.00 _ Fort ierce, r~,~;~, September 26, 74
Fl?K YaLUF. RECEI~'EU_~ I promi.:e tu pay
~
tu the urde~ of __~OUIS G. WECHSLER - '
th~ prinei~~al •um ot QNE THOUSAND SEVEN HUNDRED FIF1~ atld t1o 1001~1.LAR.~, togelh~~ with inle~e.~
thereun f~um date at the nt~ o( t~~ percent, pe~ annum until maturity, buth principal and int~rest bein6 payable in law(ul monr~ uf
th~ t!nitrd ~tat~~ al '.'.'~~1 Bi.cayne Bl~d., \liami, Florida, ur at such other place as the holdera hereo[ may designate in wriling.
1'rincipal and intere.t payable in in:tallmen4+ as follows:
FORTY-FIVE (45.00) DOLLARS per month beginning on the 15th day of
November, 1974, and continuing on the lSth day of each and every
month thereafter, until paid in full.
This note may be prepaid in whole or in part after o~e year from the date hereof upon payment o[ a penatty equivalent
t~~ ~•i~ht p~•n•cnt of thr prin~•ipal ~um prcpaid. -
Fach in~taltmrnt paymenl ~hal) lx ~redited [int un the interest due, and ihe remainder on principal; and intere•t shall thr~r•
u~n i•rax• upun thr principal ~u cr~dit~d.
The mak~n and rndorar~ u( tl~i~ not~ furth~r agrre to waive deinand, notice of nun-pay~me~t and ptutest, and in the evenl ~uit ~
~I~all l~r bruuqht [or tl~e eullrctiuo herco(. or the same has to be collected upon demand o( an atturney, to pay reasonable attorney'•
frr~ fur inakin~ wch cullrction.
U~f~ned paymcnt~ hemunder ~hall bear int~rest al the rate oi ten percent per annum (rom maturity until paid.
7'hi~ nut~ i~ secu~ed by a mo~tgagr of even date h~rewith and is to be construe.d and enforced accordiry~ to the laws o( the
~tatr oi tlorida; upon d'(ault in lh~ payment of principal andlo~ interest when due, the whol sum o[ principal and interest ~
~ rrmaining unpaid •hall, at the option of the holde~, become immediately due and payable. ! ' .
- s , ~ (SEAL)
_ (SEAL)
Pr~p~r~d by ~p~e'le~ 8 Tendrich. Atttxneys - 2I~t0 Biwyne 81rd., btiami, Flarida
ar~J shall perform, cumply with and ab~Jz by each and e~•en the sUpulauon~, agreements, conditions and cove-
nants of said prumissor~• note and ~~f th~s deed, then this de~d and the estat~ thereby created shall cease and be
null and void. '
!
1. The Mortgagor hereby cu~~enants and agrte> ~
(a) To paY all and c~nRular the ~,n~~pai ar.J ~ntue~c .~r.d ..~^cr +u.r. o( m~,r.c> pa~a!~l: bp v~rtue o( sa~d prom~ssaY note and th~s ~
deed. or e~ther. promptly on the day. ec.prcn.ci~ ihr .am: .c~cr,,i1~ nc.~.m:~ due. '
To permu, comm~t or sufter nn we~tc a~~i ~a ~:ain'a+n 'n: ~rt~Dr„`rmcr.b s~ aS~ ~ieres in a statc ot good repa~r and tond~uon~ and to
f do ot petm~t to be done to sa~d rram,.~s ncch~ng ±~at w,it alt~r ; r c~an¢e the use and characteeof ca~d property or ~n any rray ~mpa~r or
! r•taken the secunty of th~s mortgage. ~nd ;rt .:n>e c i e~c r~ t~.ai. negle~t n~ ene~~;ity c,f the hlortgagu: to repart aed matnta~n sa~d proper-
E ty, the MottpRee may, at h~~ uption, makt :u:h rcp.::. .:,~.r chr ~amr w Ce made, end ad~ance muneys in that behalL ~
~ (c) To pay all and s~ngular the taxc~. as.r,+~-c:1~!-~. cr}, !:,7b.I:i1f~, d1~~ ublignt~ons ef erery nature on sa~d descnbed Rroperty each ~
' and every ~rhen dut •r.a p~~ablc ucorJ~ng t~~ laM, ~cs~,rc ;h.~ ~+~~~~^u Qcl~nquent, and te dtlner to the Alottga6ee on or be(we March ~
ISth of eaeh year tas rece~pt. c~iSra~i~~Y ~h~ ;a>~en~ .6! !.v~ut'c :m,u.ed taxe, for the preced~nR calendar year, to mdemmly ~he
~ Atort~a6ee upon h~s demand fur ali 'aac~. a~~e~-n cn., .+n.s .Fe•ge~ chat ma> be a>secstC upnn th~s mortgage on the mdeb~ednecs !
cured hereby, and pa~d miK:Ra~t~r, r-~a-d er~ ia•w he•etoforc ~m~ted hercafter +o !~e enacted ~mpos~n6 nayment o:
the whole or any ~art thercof upon th_ \I~ r~;cagcc.
~ (dl To pay all and sinaular thr co.e.. ~ca:ge~ er.d ,..p~ n~e+, +nc;ud+ng la~.}'r.~' fet~ and ~bstract co~ts reasonaAly ~ncurred ~r pa~d at
any Ume by thc llurtgagee brcru.~ ~•t thr fa~lu:e •^r p.+~! tRe \1.~r:gagur t.~ prrto:m, cump:y ~~ith and ab~de by tach and tvery tht
st~pul~hons, agtetmonts, cnndi;~un. anu co~-~~r.;. ~r•d p:~rr,us+~r> notc ~nd th~s 6rcd, or ~~thcr, and every such payment shall btar
interest (~um Ja~c a1 the ra:c of trn {l~r:! ,c~ ~f'7'UT '.f( d.^.~u^,.
(e) It is furthu coven~.'_' ~nd atreed by sa~d parues ehst sn ehe evert of a su~t be~ns ~nstiWted to [oreclose tl~is mottp~e, tht Mort-
p~ee sh~ll be eatitled to apply at any time pend~ng sucA forcclosure suit te thc court havin: jur~sdiction thereo( (a tAe appoiatmem
of a teceivet o! ~II and ~inautar the mwtaased property. and of all rents, ~ncomea, pro(its, issuea and revenues thereof. fras ~rhatsoever
safrce detived; aod thereupon ~t i,t hs~eby expressly covemnted and •~tted that the Coutt s6a11 forthvit6 ~ppoiet such rectiret riU~
~ the wual porer~ ~nd duues of receivers in li?e caees: •nd as~d appo~ntment sh~ll be made by t6e eourt as ~ mstter of striet ri~ht to
the MortNtee, ~nd vithout reference to the adequacy or ~n~dequacy of [he vslue of ihe property hereby ~aat~a~ed. or to the solveacy
or inaolvt~ty of the Mott~s~ors or any other party defendant to sucA suit, The Mort=a~or hereby apecitieally vaives IAe ri~,ht to object
to tUe appoinunent of ~ reeeiver ac sfaesa~d and hereby e:presety conaents that such appo~etment sA~11 be ~oade •s ar+ admitted equ~ty
~nd ~s a m~tter of absolute risht to the Mwt~e6ec and that the sa~re miy be done wi[hout notice to the Mort~~ior. #
(t) 1t foreclosute proceed~n{s should be ~nsbtuted asams~ the property covered by this mortpse upoo any othsr lien or cL~m whetAer ~
alle~ed to bt supenor ot junior to the lien of this macss~e, the Mort~~~ec may •t bis optiaa immedutely upon ~nstiwuon ot suth suit
~ or durin~ the pendency thereof decl~re this mort=~~e and the indebtednees secured hereby due ¦nd p~yable forthrrith and may ~t its
option prxeed to (aecloae this mat~s~e.
~ That the ~1atµ~or rill keep all reat and perscrosl propertY no~ or htreaftcr encumbered by the I~en ot this mort~ase ~nsured ~s may
yi be tequired troa? usie to time by the Morts~~te at~inst loss by (~re, windsto:m and other haz~rds, c~swl~~es and cont?n~enc~es for such
per~ods and fa not less tAan such amoun~s aa m~y bc requued Ay the Mor~iasee and to pay promptly when due all premiue~s fa sueA
~ inaut~nee. The ~aaunta of iruurance required by the Mort~a~ee shall be the min~mum ~mounts for vb~ch said ~nsut~ece shal) be wntten
and it sh~ll be incumbeet upon the A4ort~a~cu to ma~nuin such add~uon~f insurance ss m~y be necess~ry to meet and co+eplr fully rritA
~ a11 eo-insutsnce requirueents contamed m s~~d pol~cies to the end that the said Ma~p~or is not a co-inswor therewder.insunnce
aAall be rrrittee by a coap~ny o~ compan~es •ppro~ed or des~~nsted by the Mott~a~et and ~II pol~cies ard reae.~ts tnereo( sAall be Aeld
by the AAortp~ee. All deqiled des~~ist~ons by the Mort~ador WAicA are accepted by the Mort~s~ee and all ajreements betrtea Mottsa~a
- snd Mort~~see rtl~t~ns to msur~nce, now e:lst~na or here~feer made, ahal! bc in rritin{ •nd sA~ll ~e s psn of this oortpse s~reewent :
r~ ~s fully ~s thouih set torth rerbu~m here~n ~nd shafl ~overn both parues hertto and ~heir successors ~nd assi~ns. No {iee ~pon ~ny of :
s~id polieies o( insurance a upon any relund or return premium ~hicA ie~y be pariEle oe the c~aeell~tion or terw~e~tioa thereof;Yhall ~
be ~iven to other than tAe 61ort~~aee, except by proper endwsement affiaed to ~uch pol~cy and ~pproved by Mat~a~ee. E~ch policy ot ;
inaur~nte sA~tl have •ftiaed thereto a Standud Ntr Yott Mort;a~tt Cl~usc +~thout Contnbut~on, makin~ ~II loss a losses undcr .uch
policy psYable to the lllort~atee ss ~ts ~nterest may appesr. ln the event ~ny sum a su~ of money becant p~yable thereunder tAe ~tort-
_ s~{ee shall have the opUOn to rece~ve and ~pp1Y the same on account of the ~ndebttdness hereby secured, o~ to perm~t tht ~kutssRor
to teeeirt snd use ~t, or ~ny psrt thercof, wlthout ~hr.eby r~~vm~ or ~mpurin~ any eQwty, I~en, or r~~ht under snd by r~ttue of 1h~.
nwrl~a~e. !n erent of loss or phys~cal damase to ~he mort~ased ptoperty the Mort~i6or sh~ll s~ve ~mmedute noUCe thereof br mail t.~
the Murt~a{ee :~w! ~~e M~r~Ea~ee may makc proof of tosc ~hc <ame ic noi maJe promptty by tht ~1o+t{a~or. In event nI ~uft~In~Yf! O~
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