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~ 2~_525.00______!__________ Fort Pierce, p•k,~;~l;, __December__21, _ ~~?74 ~
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I F'11N ~~U.l'!~: l{E(:F.I\`F:U-- WEs__.10~[ltly eilcl_SEVeY'ally~ - I~run?i~~• tu ~w~
<<~ ~I~~• ~~~lr~ ~?r _ AB~~M ACKERSTEIN_ and_ESTHER Ackers tein, _his_.tp~.' .
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t6r p~u~~•ipal .~~r~~ _TW0 _ THOUSAND _FIVE_HUNDRED 'TWEN'I'Y FIVE and__!~i1S1~. ~~~Krtlu•r ~itl~ im~•rr•~ ~
thrrr~~n f~uu~ dat~ at th~• rat~• uf trn ~N•rrrnt. per annuni until maturity, buth p~incipal anJ iot~•n~:t I~ring pa~ablr in IaMful niun~•~ .,f i
, thr l'nitrd ~t•rtr: :~l '_''.'.•1~t Iti~a•a~ur Ithd.. \liami. FIo~iJa. or at such ulher placr. a.c ~he h~,lden hereu( may de~i~ualr in Nritin~;.
1'~inci~?al and interr•t F?ayab{e in imlallmenl~ a~ follows:_
~ SIXTY ($60.00) DOLLARS per month beginning on the ?Sth day of ~
February, 1975, and continuing on the lSth day of each and ~
every month thereafter until paid in full. ~
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Th~s note may be prepa~d in Hhale or in pa~t after une year [rom the date hereof upon payment of a penalty eyui~~al~qt ~
1~~ ri;;hl p~•rvvnl llu• prim•ipal ~um ~~mpaid. ~ `
F:a~•h in~talln~~•nt (?ayinrnt >hall 1?r ~•rrdit~•d fir~t on the inter~st due, and thr ~rmaindrr un principal: and inlrr~•l ~hall th~•n+~ ~
upu~~ rrav u~?un thr prin~•ipal ,u ~•rr~i~~~~~i.
71~r makrn and rndur~•n uf tl~i~ nut~ furthrr a~rre tu waiw• d~•mand, nulic~• uf nun•pa} ~n~•nt and prol~••t. and in thr ~~~~•nt ~ud
.hal) br bru~~Kht fur thr ~•ullertiun h~•rruL or th~ wme has tu b~ coll~~ted upon demand uf an alturney, tu pay ~ea~onablr altunu•y~~
f.•~•- lur makiaK ~u~•h ~•ullrctiun. ~
I)rirrrcd paymenl~ hrr~•~u?drr <hall h~ar ~nt~~r~•t at th~• rate of len pe~crnt prr a~?num ~rum maturih• until prid.
~ I~I~i• nntr i~ ~e~•uKd bv a mort~aK~ of rvm dat~ h~rrwith and i~ to EK con:trued and enforced~accordin~ lo tlie law, thr
~~a~r o( Flurida; up~~n d~fault in Ih~ pa~-m~nt of principal and/or inter~st whrn due, the whole sum of principal and in~rr~~t
n•~ua~n~nR w~paid ~h~ll. at Ihr oplion of th~ Iwld~rs, bernme immediatdy due and payable.
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~iJ~~t..~~ Y~;J r C; (tiE.~\~.)
Pr~par~d by ~pkl~r ti Tendn~h. luorn~y~ - 2'-'-W Riscayne Hlvd.. Miami:~ ~da
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ar.J shalt perform, cumpl~ w~ih and ab~d~ b} tach and e~er~ the st~pulauuns, agreements, conditions and eove• ~
nants of ~aid prum~ssor~~ nute and ~~f th~s deed, then th~s deed and the estate therebp created shall cease and be ~
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null and vo~d. '
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1. The tilortgagor hereby co~~enants and agrrrs ~
la) To pay all and ~ingular the pr~nnpai and intrr~>e ..n~ r:her sum. uf monc> pa}abie h)' v~~tue o( sa~d prom~ssory note and th~s :
deed. w e~ther, p~umptly en the daY~ res0~~ti.cl~ thc .rr.c .c~rra'1y' he.~,mcs duc. i
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' (bl To permit, c~rnm~t or suffer n~~ ~as~c a~~ ~o ma~ntain fhe i~pro.rmcnu ai ~11 t:rr.rs ~n a state of good repav and cond~t~on, and to y
! do or petm~t to be done to ca~d Cremis~s noth:r.g tha: w.il eiter i~r change the use and character of :a~d propeety or ~n any way ~mpau ~x
~ r'eaken the secunty ol th~c mortgage. An3 in .a~e of !hr rclutial. neglcct or ~nahility of the !~tortgag~~: to rcpa~r acd ma~ntain said proper-
~ ty, the ?1ort6agcc may, at Ms ophon. meke suth repair+ o: cau<c tRe ~amc to be made, and adrance muney. ~n that behal(.
(t) To p~y all and ~~ngular the taaea, as~c~~mcnt.. !c~:ts. Labil~t~e~, and ohhgation~ of ece:y nature un sa~d desu~bed property cach
~ and every ~hen dur ana psyable ac~ording Ia•+. ~e~~~rc they become delinquent, and to del~ver to the Nort6agee on or before March
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~ ISth ot taeh y~ar taa rece,^t. ev~dennr,g .hr pey^ent nt a~t !e+tuit> ~mpo.ed texes ior th~ prcced~nE calendar yeat; to ~ndemnify the
\tatsa6et upon his Jemand for all ta~e., e.~c~~mcr.t~ ~nd .ha:R~~ tha: r~a}' be asscssed upan th~~ mnrtgase on the indebtednecs
~ cured hereby, rnd pa~d a; ~ m~Ktge~eec, •.~th~w~ re~::~~5 s~ an> lay herero(ore enactrd or hereaf:ef w be enacted ~mpoc~ng ~aYment o:
~he whole or eny ^art thercof up~x~ sn~ \t~~rtKagtc.
(d) To paY all +nd s~ngular thc co~[~. ~!.arge. nad ei,_n~e~, ~n:ludsrtg IaMpers' ter. and abctract .o~t~ reasonaAly meurred or pa~d at 1
~ any Umr hv thc \1ort~agrr nrce~~r ut the ta,iurc ur. thr n~rr uf :hr Stortgagor tn qr'{orm, c.~mply ~'!th anJ ab~de by each and tvery the
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~ st~pulat:ons, agteement~, cond~t~on. ~nd ic,.enents ri ~a~d r~.~m~ssorp note •nd :h~+ decd, or e~ther, and e~ery such pafinent shall bear
~ntcrest f~um date a~ thr rau uf trn ~;f~:l prr icn;um pcc annum.
~ (e1 It is tur~her co~ena.':' and ajreed by sa~o p~r~~es that ~n ihe event of a suit be~n~ insaw~ed to foreclose th~s mort~a~e, the Mora
psee sh~ll be entitled to •pply •t any time pendina such torectosure suit to the court havin~ jwisdiction thereof (or the ~ppo~ntment
of ~ receiver of all and s~nsular the mortaa:ed property, and of all rents, ~ncanes. profita, issues and revenues thereof, Row rhatsoe~er
source detired; and thereupon it is hereby expreasly corensnted and •~reed ~hat the Court ab~ll fwthaith ~ppoint such receiver ~r~th
the wual porera and dut~es of receivers in like case~: •nd s~id ~ppointeeent shsll be made by the court as ~ matter of stric~ ri~ht to
~ Ne Mortp~ee, and ~r~thout reference to the ~deQu~cy «~nsdequacy of the value of the property hercby mortp~ed. or to the solvency
~ or insolveney ot the Mor~iaiors or anY other par~y defendant ~o such suit. The Mortg~~or hereby speci[itally raives the n~ht to object
~o the appointment of a rtceiver as aforesaid •nd hereby eapressly conatnts that such •ppointment sh~ll be ~eade ~n admitted equ~ty
~ and as a m~tter o( absolute ri`ht to the Morc`~eee and that tAe ssme msy be done ~nthout notice to the Mat~a{or.
~ (f) If toroclosure proceedin{s should be instituted •pinst the property corered by this oartp~e upon any other lieo or cl~im whether
slle~td to be supenor ar junior co tht lien of th~s mort~a~e, the Mortia~ee may at Ms option immed?ately upon mstiwuon o( such su~t
_ :..~,ti._n.;.,, A.r.~+ ~u. .nd n~y~ble fnrthvith and maY at ~ts
or aurin~ tee pendency tnereoi occia~c ....s ~.~.;::i:se . _ Y
;=;i option prxted to facclose this mortp~e.
'Th~t the 6dort p all real •nd rsonal o rty nor a hereaf~er encumbered by the lien of this mort~ate ~nsured ss may
N~or will kee pe D~ D~
- !te required fron time to lime by the Morts~aee a~unet loss by ftre, vindstorm and other Au~rds, c~swlues ~nd conun~enues for such
~a per~ods and ia not less tAan such amounts as m~y be requued by the Mott~a~ee and to pay promptlY when due all prem~ums fa such
~3 ~naur~nee. The amounts ot inaut~nce requ~red by ~he blorti~~ee ~h~11 be the minimum amounu (or wh~ch sud ~nsur~nce shsll be vntten
and it sh~ll be incum4ent upon the Mort~a~or to muntsm such ~dd~uon~t insur~nce •s msy be necessary to mut and complY (u11Y +~~th
a1I eo-~nsunnce requitements contamed m s~id pol~cies to the end that the said Matpaor is no~ s cwinsuror thereunder.lnsurance
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aAall be aritten by ~ coo~pany or compan~es approved or des~~nated by tht Mort~a6ee and ~11 pol~c~es snd ~ene~~ls tneteo( shall be eld
by the Matp~ee. All dela~led des~~nat~ons by tht Mor1{a6w Wh~ch are accepted by the Mortptee •nd all aareements between Mort~ator
and Mort{t~ee rel~hn~ to insurance, noW ex~st~nt or herufter made, ~hall be in writin~ •nd ah~ll be a p~rt of tAis matp{e •{reement
~ as fully •s thou~h set forth rerb~nm here~n ~nd ehall ~ovcrn both p~rties hereto and the~r successors ~nd assi~ns. No I~eo upon any ot
~ s~id polieies of msuranct a upoo any rcfund or retum prcmiu+n +rhich a~~y be p~Y~Dle on the c~ncell~uon ot termm~tion thereot, shall
be ~iren to other rhan tAe RlataaLee. eacept by proper erdwsement atfiaed to such pohcy and ~pproved by Mortq~te. Each policy of
~nsur~nee ~h~ll have at(iaed thereto a Standud New Yak Mortp~te CLuse ,r~thout Contnbut~on, makm~ •II loss or Iassea unJer ~ucA
~s; poticy p~yable to the Mortp~ee as ~ts ~ntcrcst may appear. In the event any sum a sums of nancy becoane payaAle thereunder the ~tort-
~a~ee ~hsll hare the opUon to rece~ve and ~pply tAe s~me on account ot the ~ndebtedness hereby secured, or ~o perm~t the Nort~aEor ~
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to rece~re and use u, or any part thereof, w~thout thereby w~ivms or ~mpunns any eQu~ty, I~en, a n~At under and by v~rtuc ot th~. ~
mal~a~t. In event of loss or phys~cal dama~e to the mortda6ed property the Mort~asa shall erve ~mmedutt noUCe thcrcu( by R.~I t~. a
!he Mwtp~te arkf the M~nEaEee may makc pronf of loss ~f thr came is noi made prvmptly by tht \1ott6a`or. In evrnt n( fiKe~l~~wrt of t
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