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1'Rl)~'I[~F.il. •~l.v?Al'ti. that ~f the \turtg~g~,t .hafl pa~ untu ~he \k~rtgagr~ the ~nJrbteJnr~~ c~~~~ncrd A~ a
~rr~a~n prumi.~or~ note ~•f Nh~~h thr folluuing in Nurd~ anJ figures ~s a lrut a~py to-w~t ~ i
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S 3.15Q.00 _ _ _ Fort Pierce, hl~r~~le February 1, ~,~75
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f ~ ?N~~~~I~ F~:I ~'~t~~Sf?N--and ~-~K~fA
L.-St~Nf)W~ITZ ;
a ~~~1iit-T~mdrit ~'~Ow ~~ii Na~ ~
tu thr urdr~ u( -Rlgh
thr prin~•ipal .um u(°~~ '~~K~?~~RDN~RE~~FIFfY-and RO ~OI.LAK.ti, logrth~r with intrre.t
Ihr~eun fn?m datr at thr ratr uf trn pcnvnt, pe~ annwn until ~nalurih•, buth rinci a) an~ intr~esl bein •able in law(ul ~ u~• ~
P p g~) no ~ uf ,
th~ l'nitrd ~tatr. at '':.'-4~l Bi..cayni• fihd., ~liami, Florida, or at such other place as the huldero hereuf may da,ignate in writing.
Principal and intere~t payable in in.tallm~n4~ folluws:
~ SEVENTY ($70.00) DOLLARS per month beginning on the 15th day of April, ;
1975, and continuing on the 15Ch day of each and every month thereafter ;
until paid in full. 1
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Th~s note map be prepa~d in whole or in part a[ter on~ year from the date hereof upon payment of a penalty equivalent j
tu ~v~ht p~•r~•~•nt of th~• prin~•ipal ~um ~~n•~wi~I. E
Ea~•h imtallmrnt paym~•nt ~hall {K cnrdiled fint on lhe intercst due, and the rernainde~ on principal; and interc~t .hall thrrr- {
u~~un rra_~• upuo thr p~in~•ipa) >n ~•r~•dit~•d. .
Thr makrn and rndc~rWn of thi~ nut~ forthrr aKrre to waivr. demand, notice of non-payment and prutest, and in lhe event •uit ?
-hall br bruuKht for th~• ~ullrction hcrru(_ or the sam~ h~ to be cullected upon demand of an attomey, to pay reasonable attorney'. ;
frr. fur makin~ w~•h culleetion. ~
Ur(~rred pa~~ment~ herPOndrr•hall brar interc.t at the rate of ten perc~nt p~~ annum frvm maturity unti) paid. ~
Thi~ not~ i~ ~e~urcd by a mortRaR~ uf even date h~r~with and is to be constru~d and enforced according to the laws o( the `
~tatr of Flo~ida; upon drfault io th~ paymrnt of principal and/or interest when due, the whole sum of principal and int~nst
~ rrnwininR unpaid •hall, at th~ option of the holde~, become immediate • due and-payaWe.
S ' (~EAL)
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Prepar~d by ~pKlrr ~ Tendrich. Atlwn~yi - Y~2-1(? Rixcayne Blvd., hliami. Florida
ar~d ~hall perform, comply with and abide by each and every the stipulations, agreements, conditions and cove-
nants of tiaid p~omissory note and of this deod, then this deed and the estate thereby created shall cease and be
null and void.
1. The Mortgagot hereby covenants and agrees:
(a) To pay all and ~ingular thc pr~nc~pal and mtetes~ and other sumc o( money payable by v,rwe of sa~d pronussory no~e and th~s
deed, or e~ther, promptly on the days respecnvtly.the same severatly becomes due.
(b) To perm~t, comm~t or su(fer no waste a~d to ma~ntam ~he ~mprov~meots at all Umes ~n a state of 6ood tepa~r and cond~uon, and to ?
do or perm~t to be done to sa~d ptem~ses noth~n~ lhat w~ll alter or chanse the use and ch~racter ot sa~d property or m any ~vay ~mpau or
reaken thc secunty o( tFns mon6a6e_ And m case ot thr rcfusal. ne~lect or mab~lity ot the Mortsa6or to repa~r ar.d mamta~n said proper-
ty, the Monpgee may, at his opuon, make such repaus or cause ~he same to be made, and adva~ce eewneys in that behalf.
li (cl To pay all and cm`ular tht taaes, assessments, lev~es, lub~l~ues, and obli~aUOns of every nawte on sa~d descnbed property each
' and every When due and payable accordin6 to lar, be(«e they become deliaQuent, and to del~ver to the Mortsa6ee on or before March ;
~ ~ ISth o( each ear ua rece~ ~s ev~dencm the '
Y D 6 paYment a( all IaN(ully ~mposed ta:es for the preced~ns qlendar year, to mdcmmfy the
A1ort~a~ee upon his demand (or all uaes, a.sescmen~s arnl charges that may be assessed upon th~s mort6ase on [he ~ndebtednecs
~ cured hereby, and paid by the mor[gaEee, ~uhout regard to any lar hereto(ore enacted or hereafter to be enacled ~mposms oayment o:
~ the whole or any .+sA lhereo( upon the ~lnrlsa6ee- -
~ (dl To
pay all +nd s~naular the costc, char6es and eapenses, mclud~ns Is~yers' tees and abslract costs reasonably incurred or pa~d at
q an~ t~me hy thc Mor~6asee becau.e uf the (a~lure on the part of the Mortea`ot to perform, comply ~ruh and ab~de by each and erery the
~ shpulat~ons, a`ceements, cond~hons and covenants of sa~d prom~ssory note and th~s deed, or e~ther, and every such'p~yment shall bear
R ~nterest from da~e at Ihe ratt of ten I)0°0) per centum per annum_
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t (e) 1[ is fur~hu corc~~.:::d ~nd a~recd by said parties that in the erent ot a suit bein~ instituted to toreclose tliis mat~aae. the U/at- ~
~ p~ee sh~ll be eatitkd to •pplr ~t any ~ime pendins ~uch foreclos~re suit to tbe touA lurin~ jurisdittion Ihereot for 1Ae ~ppoiptment
j ot ~ recei~er of ~II and siaaular tht ~IS~~ed propeny~ and ot ~11 rents, incoo~ei, profita. i~sues aod rerenuea tAereof. frao ~rhatsoevcr
= source derived; aod thereupoa it is bereby eaprea~ly covenaated aad ~veed ts~t tbe Court shall tortA~ith ~ppoiat snch receiver ~ith
~ the wu~l po~rer~ sed duties of receivers in like c~ses; •nd said ~ppointment shall be sade by t6e eourt u~ matter ot strict ri~ht to
i tAe M«t~a~ee, and ~itAout reference to the ~dequacy a inadequacy of ~he ralue of ~he property 6erebr isatsased. or to the solvency
~ or insolveacy of the Mottaa~as ot ~ny olher party defendant to sucA suit. The Mort~~~or hereby speci(icallr ~~ives tbe n~ht to object
~ to the ~ppointoent ot a receirer as afaesaid ~nd hsreby e~prcssly conienta tlut sucA ~ppoiatuent sA~)1 be wde ~s an sda~itted equ~ty
. ~nd ~s ~ iwtter of ~bsolute ri{ht to the Mat~a~ee aad that tbe s~se wr bt done rithout notice to tAe ?{orts~~or.
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(f) If foreclo~ure prxeedinp should be instituted asainst We propertr eorered by tLis mortq~e upoa ~ny other lien or ct~un whetAer
= alte~ed to be superior or junior to the lien of this mortq~e, the ~I«~a.~ee my a~ his opeion ;.medi.klr u~ institution of such suit
_ or duria~ the peadeacr t6ereof declue tAis isorts~se •od tAe iadebtedness secured herebr due and p~yable fatbri[h and msy atits
option proceed to foreclose this mat~~~e. .
; (v Th~t the Mort~a~or ri11 keep all re~l and petsonsl property aov a here~fter eacwebcred bp the lien ot this ~eorls~ae insured ss msy
be required froe time to tialt Sy tbe Mortia~ee ~~ainst loss by tire, rindstors snd other hsz~rds. e~swlties and contin~encies tor such
' per~ods and (a not Iess Wan such amoun~s as wy be requ~red br the Mort~a{ee and to pay prosptlr ~rhen due •11 pre~e~ums fa sucA
~ insurance. Tha asowu of iwurance required br t6e Mort~~~ee sb~ll bc t6e siaimwo asounb tor ~Aicb ~~id insur~nce shall be w~nnen
~ aad it sb~ll be u~cusbent upoa tbe Mortsa~or to ~aiatain such additim~l insuraoce ~s m~y be ~~~~ssur ~o aea .na ~o~pir r~ur +~~~h
all co-insunnce requitesents contaiaed in s~id policies to tbe eod that the s~id Mortp~or is not ~ co-insuror thereunder.(nsur~nce
= sAa11 be ~rrittea by ~ co~psay or compsaies ~~ored or desi~n~ted ey the M«taa~ee and ~11 policies aad reae~~ls IAereof sAall be Acld
by the I~{ortpsee. All detailed desi~nations by the Mon~~~or rhich ue accepted br the Mortp~ee ~nd all ~ree~ents betrten 61ort~~~or
and 1~brt~~ce rel~cm~ to inaur~nce~ nor exiatin~ or here~tter s~ade. sha11 be in ~rritins ~od ab~ll be ~ p~rt of this mort~a~e aarecwcnt
y u fullr ~s H+ou~h set fa~h rerb~tim herein ~ad sh~ll ~o•em both areies hereto and Weir successors ~nd ~ssi~ns. No lien upon any of
? s~id policie~ of inaurance or ~Pon aar .~r~aa ««wm preuius ~hicA Mr be p~y~ble oe Ne c~actllation ot termin~tion thettof, sh~lt
r; be ~iven to otAer rh~n tAe Mortp~ee, eacept br proper endaaement •lfi:ed to such poliey and tppored by Mor~p~ee. Each policy of
~ inaur~ace shall b~ve a(G:ed thereto ~ Suadsrd Nc• York Matp{ee Cl~we riWout Contributioa. akin~ ~II IOS! Of IOSf!! YfWtf ~YCII
; policy p~Y~ble to the Mor~p~ee as its iotereat wr apOear. te eee e.sn~ a¦r sYe w sw.s or ~eoner becooe p~r~ble thereunder thc ~1or~-
x sa~ee shall have the option to receire aad ~pplr tbe s~se an actount o( ~he indebtedness Aereby secwed. w to ~
~ Pcnn~t thc N~xt sRo~
~ ~o recei~e ~nd we it, or any part tAereof, ~itAout tbttebr ~iivin~ w iisyairins any eguitr, lien, or ~~{ht under and by v~rtue o( thi.
nart~a~e. In event of Iwa or phyiicd d~ms~e lo the iaort~a{ed ~operty the Mort~~~or sb~ll ~ivt ~mmed~~te not~ce tAercof by ma~l 1~.
- the Mwt~~~ee ~nd tAe Mor~Es~ee nuy make proof of loss ~f ~he ssme ~s not nude promptly by tht f1a~~~~a. In event ~~f fure~ln.ure of
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BOOK 2~6 PACE ~7 f U }
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