HomeMy WebLinkAbout0887 PROYIOt:h, :11.NAYS. ~hat thr ~1ur~g:+gor .haU pay unt~~ the ~1.~~tga~re the ~nd~btednr~s ~viJtncrd hy a
~t~1a~n p~wn~~~~~r~ nute of Nh~ch tht folluwmg in wurds,and f~~utcs ~s a trut copy to-v?~t j
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: 2.975.00 For~t__Pierce, Fb~idA October 24,
FciK vAt.uE Rh:ce~v~~ WE, iointlv and severallv. promae tu ~?ay
tu the urd~r o( SADIE R SENFELD
the principal eum of ~~LQIISAND NINE HUNI?RFi~ SEV~NTY-FIVE and L , together with inte~e~:t
the~n In~m date at the nte of ten percent, pe~ artnum uatil maturity, both pri~cipal and intercat being payable i~ (awful monry uf
the United ~tatex at `~2~ Bi~ayne Blvd., ~liami, Florida, or at such other place aa the fioldera hereof may designate in writir?g.
~ Ptincipal and intcrect payable in ini:tallments as follows: ~
SEVENTY {$70.00) DOLLARS per month beginning on the 15th day of
' December, 1974, and continuing on the 15th day of each and every
~ month thereafter until paid in full
This note may be prepaid in whole or in patt after one yeac from the date hereot upon payrrtent of a penalty equivalent
to e•iKl~t perc~•n! of the~principal :um p~epaid. , _ - -
Each imtallment pay~nent J~all lu c~edited firct on the i~terest due, and the remainder on principal; and interest shall tt~rn-
upon cessr u~wn thr principal w cr~diled. °
The maken: and cndonera of lliis not~ (urther a~ee tu waive demand, notice of non=payment and prolrst, and in the event suit
J~xil be~ brought for thc r.ollection hereo[. or Ihe same h~ to be collected upon demand ot an attomey, to pay reasonaWe attomey'r
frr• !ur making ~uch cullectiun. _ •
Ueferred payment~ hereund~r shall bear interest at the ~ate oE ten perceot per ir?num from maturity u~til paid.
7'his note is secured bv a mortgaE;e~of eve~ date hercwith and is to be con3trued and entorced according to the laws o[ the-
~tate of Florida; upon default in the payment of principal andlor inte~est when due, the whde sum of prencipal and interesl
rrmaini~g unpaid chall, at the option of the holders, become imme~ ly Y sqd payab~~¢
p (SEAL)
(5E:~1L)
orne a- 2240 Bista ne Blvd., 61iam~.~ ida
Prep+r~d by ~pieler & Tendne6. All y. Y
ar~J shall perform, comply with and abide by each and evety the stipulations, agreements~ conditions and cove-
nants of said promissoty noto and of this decd, then this de~d and the estate thereby created sha11 cease a~d be
null and void.
1. The Mortgagor hereby covenants and agrees:
(a) To psy all and smsular the pt~nc~Dal and ~nteres~ and other sums of mortey pa~able by virtue of said praeissory noie and this
deed, a e~tber, ptomptly on the days rtspedively the same severally becomes dut.
(b) To permit. camm~t or su[!er no ~raste a~d to mamta~n the improvements at aU Uiaes in a stste ot sood ~epsir and cond~uon, snd to
j do or permit to be done to ssid premises noth?ns that w~ll alter or chaa~e tde uae and characttr o( sa~J propetty or in any rray impair w
E veaken Ihe secunty ot this mor~p6e• And in case of the refusal, ncslect w inability of the Mort~asor to repsir srd mainuin said ptoper- ~
~y, the Mwtp6ee may, at his opUOn, make sucA tepairs a cause the same to be made, and advance moneys in that behal(. ~
?
(c) To pay all and ~~ntular ~he taxes, assessments, lev~es, I~ab~hties, and obliptions of every nature on ss~d described property each ~
and every rhen due anA payable accordioi to la~~, befae they become delinquent, and to deliver to the Mort6a~ee on or bcfae I~/arch
ISth ot e~eA ycar ux receipts evidenc~na the payment ot atl law[ully ~mposed hxes tw the precedm6 calendar year, to mdee~mfy the
Matsssee upon his dcmand for all taxes, assessments -and charses that may be assessed upon tlws mottpte on the indebtedness
cured hcreby, and ~+aid ey mateasee, M~~thout resard to any law heretotore enacted or herea(ter io be enacted impos~n~ ~ayment of
the ~Aole w any ~art thereof upon the Afortaagee.
(d) To pay all and sin~ular the costs, char~es and tapenaes, enclud~ns laryers' tees arad absuact costs reasonably inturred M pa~d at
any Nrt?t by the Mat6a6ee because of the (a~lure oa ~hr part of ~he Nwt6a`or to pe~(oru~, eomDlY W~th and abtdc by each and erery the
stipulations, s~reements, cond~t~ons and covenants of sa~d promissory note :nd th~s deed, w eiiher, and every sucd'payment shall bear
mterest ftao date at the rste of tee UO'L) oer centum ocr annum.
(el It is fattAu cwreaa.:'== aad ~~reed br a~id parties t6~t in the event ot • suit beia~ instituted to faec?we this wott~e. t6c Mott- .
piee abill be eatitted w applr •t any ~ioc peedin~ auch (oreclosure suit to t6e coutt ha~ies jwisdictiao lhereot tar tYe ~pyoiatseet
of a reeei~sr oE dl and sininlu tAe ao~t~~~e0 property, and ot all teats: iosases. profib. i~sues aad rereeues thereof. ho~ ~rfutsoe~er
source deri~ed: ~ad tl~erenpoo it ia herebr eapreailr coreeanted and ~~reed t~~t the.Caut shall tarWwitr ~opoiet sae6 receive~ ~ith
tl~e wwl po~ers sad duties of receivers ia lite cases: ~nd said ~pooinusent shall be made by the court ~a ~ watter o( strict ri~ht to
tbe Mo~t~asee, aed ~ithaut rekrenee to the ~dequacY or iesdeqwcy of tbe ~alue of the property Aerebr sortp~ed. at to tAe solvency
ar insolrsaer of tbe Nortj~~on a~ny o16er ¢ar~r detcodant to such auit. 7'he Morti~~or herebr soccifio~llr v~ivea the ri~bt to object
to t~e ~ppoiatweat of a reeeiver ~s afortsaid and l~eteby e:presily cae~septs th~t sueh aopowteest shall be ~ude as ~a ad~ittcd equity
~nd as ~ yttet ot ~psolute ti{Mt to t6e Mott~a~te aed that tAe s~se ear be daee ~ritfiout aotiee to the Mo~ttasot.
(t) If toteclosure ~oeeediap should be iastituted as~iast the propertr toveted br thi• ~ottp~e upoe anp othet liea a cl~im oAether
•lle~ed to be aupetiot ar j~eior to tbe litn of t6is eortptt. the Mlotts~~te aar at Ais oPtioe imedi~telr ~pon iastitution of such suit "
a duriaa We peodeney Wsreof dect~re this mort~~te aad tbe iodebtedaess secured 6erebr due ~nd ~y~ele (ath+ritA ~nd eay ~t its
optim ~oceed to lareclwe 10is ~tp~e. ~
(v Tb~t t6e Yort~ar ~ill teep all real and penon~l propertr ao~r or Aaea[ter enewebered by ihe tiea ot cAis wort~~~e insured ~s iesy
be required [ra~ tise to tise br tAe Mort~a~ee e~.~n,i ~o:s er rr~. ~inds~orm and ot~er Razards. c~swities and contia~encies ta such
oaiods and (a ool less thaa anch amo~u~ts as ssY be requircd or the Mott~aiee aad to p~Ir p~owptlp ~hen dre all pree~uas fa sreA
iwunnee. '[1~e avornts ot in~anece reQuired bp tbe Mort~~~ee shall be tbe ~inious ssounts for vlieb s~id iasnrsnce sA~ll be ~rrittea
aad it s6~ll be incwsbeat upoa ~he Morts~~or to s~intain sucb ~ddieianal ~ns~r.n~e a.y ee ne~essarr io .ee~ ana co.pir r~~~r
all co-iaswanee tequire~eata contaioed in ssid polieies to the eod tbst the s~id Mort~~a is not ~ co-iaswor ti~erew?der.lesur~nce
sM~ll be ~itten bp ~ eo~p~sr ar companies aoproved or dssi~e~ted by ehe Mortta~ee aad ~11 oolicies and reae~~la Wereat sA~ll be Yeld -
pp ~6e Mort~ee. AU detailed desi~natims by tAe Uott{~~or ~hicb ue ~ccepttd br ths Mott{a~ee ~M ~11 a~ree~ents between Moc4~L«
aad Mort~a{et rel~tin~ to ini~r~nce, nmi eiistin~ ot here~fter wade. sA~ll be ia ~rritu?~ aod sh~ll pe ~ p~rt of tAit wortNK a~reewset
as fully s~ cbou~h set tort6 ~e~~eiw berein ~nd sAall ~ovem both Parties hereto aod Wei~ sacccssors sad usiaes. No tiei~ ooon ssy ot
1~IA o0lltlt! O~ IMYttlIC! Of YP011 iAy refuod a ~etwa prewiYS .rbich awr be paYable oe the c~nceltatian or ier~ia~iioa chercot. shNl .
be {ivea to otber thsn t4e MotW~ee. tacept br ~opet endorsewent •(fiaed to soeA policy and aP~ored br Martp~ee. Each policy of
ias~raaee sAa11 Iwve •ffiatd tAereto ~ Staadud Ner Yort Ibrt~s~ee Cl~use riWont Convibrtioa. atins all loss or losses uader ~uch
oolier p~r~ble to tAt Mortpaee aa its iatutsi o~r ~ppe~r. Ie t6e e~epl ~sr airs a swu ot sooer beeowe arible thereunder the Wort-
N~ee sAsll b~re tbe ootioa to receire ~ad apply tbe sase on account of 16e iadebtedeess bereby secured. a~ to permit tbe ~kxtsaEor
to receivt aad wt ~t. or snr part tAereof, ~ritAout 16etebr ~~ivin~ or iop~irin~ anr equitr. iiea. a ti~ht under and by vutrc oI thi.
eortp{e. le evcnt of loss or ohrsica~ daa~a~e ~o ~he mor~~ased aoper~y d~e Mort~a~ot sball ~i~e ~mmedi~te notice ~hcreof by ma~l t~.
the Mory~ate and the McKt~~jee Aar makc pr~of of losa it ~he csme is not madt ptanptlY by 1ht lrlat~~~a. In event o( tore~ln.we of ~
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