The URL can be used to link to this page

Home My WebLink About0284 ~ ' , . f'Ri)~'IDFI). ~1l.NAl'ti. ihat ~f th~ ~1~,rt~;agur .hall p~> unu? tht \k?rt~agrr thr indrbted~r~, r~~Jen~rd h~ ~ ~ ~rrta~n ptum~.,an nutr ~•f which thr f~~tf~~u~ng in ~~,,rd. and I~gures ~s a ttut c~,py t~~.w~t i s 3,575.OQ Fort Pierce, t~b~;~~, NovemhQr 9_ t~~ FoK val.~tF: R~CEIYh:I~ WE, ointly and severally, promie~ee tu pay „r I~OUIS D. SCHAFF~ _ _ ~ , the principal sum oi THREL THOUSAND FIVE HiJNDRED SEVENTY-FIVE °ii~0~1:AlR~"tYigether with inteml thereon (rom date at the nte o[ ten pcrcent, per annum until maturity, both p~ncipal and intetesl being payable ia (awful money uf the United ~tates at Hi~:ra~ne BI~•d.; lNiami, Flo~ida, ot at such other place as the hdders hereof may designate io writing. ~incipa! and inteteat payable in i~tallmentx as follows: ' SEVENTY-FIVE ($75.00) DOLLARS per month beginning on the 15th day of ~ January, 1975, and continuing on the 15th day of each and every month thereafter until paid in full. This ~ote may be ptepaid in whole or in part after one year from the date hereof upon payment of a penalty equivale to ri~l~t prrc~•nt of the principal ~um prepaid. ~ Eych in•tallment paymr.nt rl~all be eredited C~t on /he interest due, and the remai~der on prineipal; and inte~t shall thrrr ~ u~n ~ta.~ upon the principal .u rredited. ~ The make~ and rndonrr. of this nutr further a~e 1o waive demand, notice of non-pryment and protr.sl~ and in the event •uit ~l~~II 6r brought for the collrction hereof. or the same has to be collected upon demand o[ an attorney. tp pay reasonabk attorney~r frr~ fw making ~uch cullectiun. - Uefened payment~ heKUnder ~hall bear interr~t at the rate of ten percent per annum irom maturity until paid. 7'hi~ ~ot~ is ~ecured by a mortqa~e of even date henwith and is to be cor~strued and enforced according to tht lawa of the ~tat~ of Florida: upon default in the paymeot of principal andlor interest when due, the whde sum oi principal and intetest ~maining unpaid ~ha11, at the option of the holderx, become immediately~n9 an pa~ e = S~ ~ (S~AL) ~ ~ ~-~(SEAL) Prcpu~d by ~prler d Tmdrieh, Attorney~ - 22~t0 Biaayne Blyd.. Miami, ida ar~J ~hall pettorm, cumply Mith and abide by each and every the stipulations, agreements, conditions and cove- nants of said promissoty note and of this deed, then th~s deed and the ~state thereby created shall cease and be null and void. . _ ~ 1. The Mortgagot hereby covenants and agcees: Ta p,y •{I and sinaular the princ~pal and ~nceres~ :nd other sum~ o( money payable by virwe of ssid prom~ssory note aad th~s deed, or e~ther, ptanptly on the days rc~pecpvtly the .ame seYeraily Atcomcs dua (b) To permit, canm~t ot sutfer no waste a~J to ma~nta~n the ~mprovements at all umes m a state of good repait and cond~UOn, and to do or perm~t to be da+e to sa~d prem~ses no~h~ns ehat W:11 alter or chanse the use and character of sai0 proper~y or m any vray impa~r or ~ rtaken the securuy o( th~s moetaa6t. And in case ot the refusal, ne6lect or ~nab~lity ot the Mortesgor ~o repair ar.d mainta~n said proper- ~ F ty, ~he Mortp6ee may, at his opuon. make such repurs a cauce ehe same to be made, and advance moneys m thst behalt. i ~ (c) To pay all and s~naular the taxe~, asscssmen~s, le~ ~es, I~ab~l~hes, and oblipt~o~s of erery naturf on sa~d described property eacA and evety rhen due ana payable accord~na to la~, beEore tAey become delinquent, and to dehver to the Mwtsa6ee on or before 1Aarch 151h ot eae6 year tax receipe~ ev~denc~ng the paymeot o( all law~fuily ~mposed taxes fw the preced~na ealendsr year;.to indemn~fy the Mart~a~ee upon h?s demand to~ ail taxes, a.sessments ~nJ char6ts that may be assessed upon this maCaa6e on the ~ndebtedness cured hereby, and paid oy mortRaRee, without ~c6ard to any IaW heretofore enacted or herea(ter io be enacted ~mpos~n~ ~ayment o: ' tht rrAole or any ~art thereo( upon the ~1~~rtEagee. (dl To pay all and sinaular the costs, charEes and expenses, ~ncludm6 lavyers' fees and abstract costs reasonably incurred ~x ps~d at ~ any ume by thc S1ortR~6ee bccau.c uf the faiture on ~he part of thc blortga6or to ~+erform, comply .ruh aad abide by each and erery the st~pulat~ons, sgreemen[s, cond~i~ons and co.enants of sa~d pranissory note and this deed, a e~ther, and every su:h'psyment shalt bear ~nterest trom date at thc rate of ten If0`~1 D!r tentum oer annum. (e) It ia furtha coren~.-'== ~ad a;tecd by said p~rties th~t in the event of • suit beie~ iastituted to forec~oae tl~is mort{a~e. the Iriort- p~ee shall be eatitled to ~pp1Y ~t ~ay tioe peodin~ such toreclosure swit to t6e court harin~ jYriadietiaa thereof ta the ~pooiatmcat of ~«ceirer o( ~11 and ainsular the ieo~t~a~ed property, snd ot ~11 reata. iocoues. profits. iasuei ~nd reveewes tAereot, tro~ ~ha{soerer sonrce derivtd; aod tAereupon it is herebr eapreaslr coren~eted aad •~eed th~t the Court shall fonh~itA ~pooist such receivet vritL the wwl oo+rero'and dut~es of receirers in litt c~ses: and a~id sopointercat shsll be eyde by tAe cart u a~atter ot strict ri~ht to We lilortp~ee, u~d ~itsout reterence to the ~4equ~cy or inadequ~cy o( the r~lue of t6e propertr betebr wortassed. or to tlx solreecy o~ ~~oi.ea~r ~ w~ w«~a.~«a a.~r other 9arty defeadant to suc6 suit. The Motti~ta hereby spaeitie~llr ~r~ives tbe tisht to object to tAe ~ppoiataent of s receiver ss atoressid ~nd Aereby expressly conseets tA~t sach ~ppoiat4eet sh~ll be ~sade ~s ~n ad~itted equ~tr aad ss a e~tte~ ot ~bsolute ri~ht w t6e Ma~p~ee and tbat the saeie may Ae done .id~out notiee to the Moreaa~or. ~ (f) If fe~etlosure prceeedia{s should be instituted ~~~iest ~he prope~ty covered br thit eort{a~e upoa ~ny other lien or ctaim whetber ~ •Ile~ed to be s~eperior or junior to tAe lien ot this ~ortjs~e, the Mort~~jee wy at his option ims~di~tely upon institutioo of sucb s~it a dwias tAt pendency t6ereot dcclsre this morts~se ~nd ~he indcbtednese secured herebr due and p~r~ble fatbrith a~ m~y at its optiou Oroceed to foreclwe tAis oortt~~e. - TAst tbe Martaa~or ~ill keep all real and persoe~al ptoperty eor or hereafter encue~bered ~y t6e lien o( tlis mort~ase ~nsured as m~y be requirsd tror tiwe to ti~se by tbt Morts~tee ~aainst loss by fire. ~indsto~m and otber hsucds, caswl~ies ~nd coetin~encies (or such per~ods and fa not leas t6~n such aa?oun~s as say be required py the Mort~ee ~nd to p~r prosptly rhen due all prem~ums for such ~nsuranee. The ~sounts of ioiur~nce requited Sy We 1~{otti~iee sAall be We minimum ~a~ounts [or rbicA s~id ins~raace sAsll be writtee aad it shall be incumbent npoa the I~wt~a~or to s~intain such additional imur~ece •s o~y bc necessarr to meet aad coe~pty tullr ritb ~11 eo-iasut~nee reauiteseats contained ie s~id policies to the ead that the s~id Mortpsa is not a cwinsura Wereunder.lnsur~nce shall be +nitten by ~ coowar or coopanies approred or des~~nated by the Mort~a~ee and atl poticies aad reee~sls tuereof sAall be 4eld b~r tbe Mor~tatet. All detailed desi~eations by tbe Alort~~~or rhich are atcepted by We Mort~atee and sll yretoepts Aelrten Mottt~Lor and Mortsa~ce rel~tins to insur~nce, novr e:istin~ on c~reat~er madc. shsU be in rritin~ aed shall be s p~rt d tlis oart~a~e asreewent as frllr ~s thou~h sct faW rerb~tim herein snd shall ~overn botA parties hereto and t6eir suceessors ~ad assi~ns. No liee upon anr ot s~W polities ot insuraoce a upa~ aay refuad or return pces~we whieh s~y be p~Y~blt oa the c~ectll~tioa ot tersia~tion Ihetcof. sA~ll be {iven to otber rAan ~be Mort{atee, e:cept br proper endorseaent •(tiaed to sucA policy aad ~Pptored by Nat~a~te. E~ch policr of iasYneee ahall have ~(fixed thcreto ~ Standud Ner York M«tp~ee Cl~we ~riU?out Conuibution. eukia~ all loss or losses under sucA policr p~rable to tbe Mort~a{ee ss its ~nterest s~y ~ppe~r. le the e~eat ~ey s~m ot sws o( moner becowe ~Ir~ble tbereunder tAc ~fw1- ~asee shall h~re tAe option to receire aod ~pply the s~~e m account ot tbe indeAtedness Aereby secwed. ar to permit the \Mxt~aEor to receive and use it, or aer part d~ereot, ~.ithout thereby W~ivin~ or ispa~rias .or e~;~r, l~en. or n~ht under and Ay v~rt~c ot th~. aqrt~a~e, (n event of loas a pbysic~l d~ma~e to the mort~adcd ptoperty tht Mott~a~or }h~l) ~ive ~mmtdi~tt nat~cc thercuf by ma~l the AAwt~~~ee ~nd ihe McKiEasee may make praof of losc ~f ~he asmc ~s oot made prwnptly by the ~tataasa. In event nt (u~e~ln~ure o( ~o~~ ~4 PACE 284 _~r- . - - - - - - _ r ~ - " ` ,s.;.~r<?~~. -'_'-s"-~- . : .