HomeMy WebLinkAbout1892 ~.~;i~~ ' ~~:r'.l
PR~VIDED. ALWAY3. that ii tha Mortgagor ahal! psy unto the Mortgeigee the indebtedneas evideaosd by ~
1+:.~ tr~~e covY tA-wit: .
ctober 3 74.
s S, 225.00 Fort Pierce, Fb~~ia ~ ~ 19
FOR VALIIF. RF.(:FIYEI) ~ __WE~
_iei*+t'1_o an g,gvc~rallTv.~ pwmiee to p+Y
to the order o( FANNIE SCHNER
the priocipa! ~um o( FIVE THO(1SAND TWO HtJNDRED 1WENTY-FIVE Snd to6ether with interc~:t
thereoe from date at the nle of len percent. per annum unti! maturity. both principd and interest beinE payabk in law(ut mone~ uf
~ the Uoited 5tates at 2'.'.~ Ri..~ayne Bivd.. Miami, Florid~, or at euch oihe~ place as the holdees hereof may deaignate in writing.
Principal and intere~t payable in i~stallmenls as fdlows:
ONE HUNDRED SIXTY-FIVE ($165.00) DOLLARS per month beginning on the
15th day of December, 1974, and continuing on the 15th day of each
_and every mo.nth thereafter until psid in full. ,
This oote may be prepaid in whole or in part after one year from the date hereof upon payd~ent o[ a Denalty equivalen
to eigl~t prrccnt of the principal sum prrpaid. : }
Fach installm~nt payment alall be credited.firxt on the i~terest due, and the remainde~ on principal; and inte~t shall thrrr-
upon cea.~ upon Ihe prinripal w crrdited.
Tlx make~ and rndwrera of this not~ fu~ther agree to waive demand, notice o( non•payment and protest, and in 1he evenl ~it
•hall br bn?ught [or the cullection herco(. or the same has td be collected upon demand o[ an atlorney, to pay ressonable attomey'~
frr• fcx making wch cdlection. ~
lhferted psyment~ henunder shall bear inteiest at the nte o[ ten percent per annum [rom maturity until paid.
~ 7'hi~ note ix `ecured by a mort~e ~ of even date herewith and is to be coostrued and eniorced accocding to the laws oi the -
.cc
~tat~ o( F7orida: ~upon detault in the payment of principal andlot interest Mrhen due, the whde sum o[ pnncipal and intered
rrmainin6 unpaid shatl..al the option of the holde~s, become immediatdy and able. ~
~ ~ ~ (SEAL)
/ v
~
~ (SEAL)
Prepa~ed by ~pkkr d Tendrieh. Altotneys - 22~0 Biacayne Bl~d.. Mami,
a~ ahall perform. comply with and abide by esch and every the eLipulatioas; agreements.. cond.itions and covenante
of aaid promissory note and of this deed, thea thia deed and the estate ~hereby created shaU cease and be null and vo~
1. The Mortgag~or hereby oovenants and agrees: -
1.11b pap all and ao~dar the prineipl aud intece~t and othar sums d money pay~ble by virtuQ oi s~id promisaory oote and thi~ deed. or et~r.
pe~o~ m ce. a.ys n.sp.ctiwqy che ssms ~err.uy beoo~. aoe.
f bl To pKmit, oommit or wifer no ~aste aad w m~intain tbs imptovemtnts at all tim~s in a seata of g~ood rop~ir aod oooditi~. and W bu ~ permit w be
do~oe W t~id pe~ises nothio8 t6at wn~l aker ar chao~e ths we and diwets of said pcoperty o~ in aoy ~ray impair ar wetken the Ma~ity d this f
E aoort~a And in we ot t6e refusd. negiect or uw6ility ot the Mortga~ga~ w cep~'v ~ad maintain said property. the Mortga~e m~y. at his option. malo~
~ snch ra~irs or eawe tbs same W be ra~de. ~nd advance mooey~ ia that 5ehlf.
~ (e11b p~y all ~ad ~inguLr tLe tases. aaes~eaLs. kvies. li~bilities. ~nd oblig~tione of every nawre oo aaid daseribed p~opvtY e~eh and every wLm dw
~ PRT~~ ~K to l~w~. bstae teey becom~ ddinquent. a~ to deliver W the I~ortg~.~e on or befan Mare6 16th ot eaeh ye~r taz reoeipts
evidmeia~ tas p~ym~ot at d! lawt~lhr ioipwed t~res ~ tLs preooda~Q alend~r lroar; to idemni[Y ths Moetg~6es upon hi~ dem~nd far dl tass~. ~sre~r
mait~ ~sd drrp~ thK mq bs as~awd npoa tbis moctg~p ao th~ ind~bW~s ~sa~red 6~xeb7. and paid bY thS.mo~~Ra. wit6wrt n~1 ~+A~ ~ "
6entofon ~o~etd or 6s~att~ w be aueted impoing p~ymeot oi tLe wbols os any p~et t6r+ot ~poa tLe Mort~.
Id17b pn? all and au~d~r ths oosq. eb~rges ~nd ezPsusa. inet~nS lawyer~ tees a+?1 ab~tnet aoeu rae~ooaWy inn~**d ar paid at an~ tims bp ths
Mortga~ee beaose ot tbe hihire m tbe put ot ths Mort~gar w perf~orm. oomPl7 with ~nd abide by aeh and every ths ~tipulatJon~. sgeemaoN.
eon~tians and aown~at~ ot e~id promiasory not~ ~nd tbi~ deed. or eiths. and every wreh payment slull be~r inter~sc hom date at t6~ wts ot tsn (109i1
~pK11mpK•n+~~n. ~ ~ .
Iel It is Gati~ar ooveatnted and +~greed by e~id p~rties t,hK in tbe evmt of a svit being imtituted w[o~eelose t6i~ morta~s, cbs Mort;r~ss shaU bs
mtitled w appl~ at a~r time peoding weh 6oreclo~ve arit w the eoort 6~ving jurisdietion thersof for tbs appoeatment of a reoeiwr of aq and iaoaular tbs
~i~i~ P~'oPKtY. and of aII nocs. iaoomee. Pro6cs. i~sun and reveuue~ tLereot. from w6~taoever sauce d~rived: a~nd tl~enupo~ it is 6re~b7 ~p~r
oowo~ntd and aQ+d t6at t6~ Court sball fortbwitL appoint w~e6 reaeiver ~ith the nswl powan aad dutie~ ot reo~iven ia Fnu auM: ~nd aid appoiot. {
meoc a~ be m~~ 67 t~s owrt as a m~ttar d~triet rip~t w the Martg~~. and withont rsfs~eoos w tLs ~deqa~ey a m~deqm~ ot th~ v~lu~ ot th~ pro- 1
P~7 ~+b7 ~8~i~ ~ to t6~ solvaoe9 a in~IveneY of t6e Afort~agon ar a~r oth~r p~rt~ d~t~od~nt to weh soit.'lbs Mort~a~or h~eebp tp~ejt' ;
icaUy waivw L6~ rigLt to objat W tb ~ppoiotmot ot a eroriver a~ a~id and be~bY esqealY eooseot~ t6~t iueh ~ppoiotm~nt sbll b~ m~d~ as ~o ~
admitted eq~itr and as a cn~ttes ot abeoiute right w the Mort~agee and tLat the sams mq b done wit6oat naiee w tbs Mortga~or.
~
It1 It Iaeelow~n prooeedinds s6wld be in~tiwced ~iast ths propertr eo~end b~' thi* mo~t6~ge upon anY otbs liw a eWm w6etMr a1L~sd Lo be
superior ar janior w th~ lien of this mortga~e. the Matgs~ee m~y at his option immediatd7 upoo imtitt~tioo of aoc6 auit or d~uins t~ p~od~ey t2rerot ~
decLn th~ mortga~e aad tbs iodsbce8ne~ seeured 6aebY doe ~ad p~y~b4 fortLwith aod m~y at Ite opciaa ptoaeed to Eor~do~s thir mort~.
!sl'l~t t6e Matgagor will keep ali ied and P~ P~P~~Y oow ~ 6e~e~R~c ~au~mbeied by tbe liea of this mata~s inwersd u mq bs teQuiied 6rom ~
~ tiwe to time bp the 1~tortaa~ee ~+aimt {oss by fire. ~indstarm tad other h~ards~ wu~lties ~od oootioeancies far s~cA psiods ~nd far eot lep th~n
a~ ~maunt~ as mq bs ~+qui+ed b~ tbs Mortgagee ~nd W P~7 P~'~P~h' whan das al! pnminms tor sncL iuwuanee.'ll~e ama~ot~ d in~raoo~ nquind
by the Marp~ee alull be t6e minimnm amonnts (or whieh wid ins~ranoe ai~U be writteo ~nd it ~haq bs inamobent apon tbs l~IoR~~ to no~inf~r? wrh ~
~dditiood in~unnce ~s mq be neoe~wry to meK and ooaopt7 t~ wKh all oo-i~uatKe requ'asne~a ooot~ined in s~id polioa~ w the ~od th~t t6~ ~id ;
MoKp~ is not a oo-inwror t6ereuader. Inav~nos a6~ll be wrium by a oomp~np~ a oomp~niN approved ar deigo~t~d b~' t~ Moettap~ and vl Pdi' ~
aes and e~eoewals c~eof sh.u be hdd by ~he Mor~.see. Al! d.uiled d..i~.cions br cM Moc~or whieh.rs aea.pced by cbe Mo~ag.. aud all.~.r
me~ta betweea Mortgaaor and Mort~~ relatins w ins~a~oos. nuw e~ing ar hee~e~R~r m~ds. shall b~ in wrlting and a6~U ba a part of Wa mortp~
~g~eemen~ ~s fdly as t6ough sat fortb verb~tim 6seia wd ahall govern botL p~rtiu }weto and tFwir w+oo~ora ~nd ~ssi~. No li~o opoa aoy of a~id ~
poticie~ ot im~uaoee or upao aor raf~od or rdurn praminm whieh m~y be perab~e on th~ u~tioo a tvmin~tion theno4 ahdl b~ ~ivro W oth~r tAan ~
the llort8~g~e. ~pt bY Woper a~dor~t af8ud to soch policy sod approved by btortaa~ee. F.~e6 pdk~ of iawutiaa sh~ll h~w ~f8~d th~rto • =
9tand~rd New Yark Mort~~s Qause wit6oat Contribution. m~kin8 d! los~ ar ~o~se~ und~ wxh P~Y P~Y~ w tM Matpps n ka iaR~e+Mt m~y ap
pav. lo the rwnt u~r sum ar smns d moner beoome p~y~bM tbew~nder t6e Mortg~e sh~D Lave tM optian W reo~iw and ~ppb t6~ s~oar m aooo~a~c :
ot the indabted~a haeb7 se~u~f. or to pemit ths Martg~gor W naiw ~od oM it. ar an7 Part thRwf. wftbwt tlwn4y waivle~oe imp~ieios ~0? p~' ?
ti. ~iea, or riaht uoder ~nd by virtue of thi~ mort~ag~. In event of lwr or pAysiral d~ W th~ mortsa~d propatr t~ Ya~tp~o~ amil aw imm~t~
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socK 233 ~c~18~ ~
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