HomeMy WebLinkAbout2847 I'ROYIDE~I, :1LNAYS. that ~f ~hc ~lurtg~gor ~hall pay unia ~he ~lortga~ri the ~ndebtednrca ~v~J~nctd 1?y a
~t~tain ptumi.aur~ nuie ~~f wh~ch the folluw~ng in w~irds aod f~~ures is a trut copy to-w,t '
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~0~1~+~~ ~~'(,vi~
s 4,250.00 Fort Pierce, FbriJa February 22, ~y75
, ~ WE ointl and severall ~
FI IR VALI'E RE(:EI~ F:U_~~ Y Y~ promue tu pay
tu tl?~ urdrr uf $~l_~~~. Z.~iy~K _ _
!h~ prinripal wm uf EOLII~THOLISAND ~ HiiND$FD FTF'1`Y and no~l n0 IwLLA1Lti, togeth~r with interert
thereun from date at Ihe rate uf trn ~rc~nt, per annum uatil maturity, both principal and iMe~cst being payable in lawful monry u(
th~ l'nitrd ~tatr~ at '.'.'~-!~1 Iti•ca~ne Bl~d., ~liami, Florida, o~ at ruch other place as the holders hereo( may designate in writing.
Principal and intere.t payablr in i~~tallmen4~ a.c followr:
SEVENTY-FIVE ($75.00) DOLLARS per month, for sixty (60) consecutive
months; on the 15th day of each and every month, beginning on the
15th day of April, 1975, and continuing until the lSth day of April,
1980, at which time the balance shall become due and payable.
This note may be prepaid ~n ~•hole or in part after one year from the date hereof upo~ payment of a penalty equivale
to rirl~l p~•n•~•nt uf t6r priucipal •um pr~paid. , .
F:ach imtallnu•nt pa~mrnt ~hall I~r ~•rcdilyd first on the in?e~est duc, and the remaindcr on principal; and interc•t i:hall t6rn
u~wn rra.w upun th~• prinripa) .o rMditrd.
Thr mak~n and rndorW~ of tl~i. nut~• furthrr aKme t~ waive demand, notice of non-payment and protMt, and in thr evrnt wit
~I~~II 1~~ bruuRht for tlu• cull~•~•tiun hc~eo(, uc thr same has tu be collecled upon demand of an attorney. to pay rea.conable attorney'.
~ G•r~ fur n~akin~ w~•h ~•ullectiun.
Ur~Pned;payment~ hemunder ~hall bea~ ~nt~rP.t at the rate of ten percent per annum (tom maturity until paid.
~ 7'hi~ notr is securcd hy a mortga~e o( 'ven date h~rewith and is to be construed and enforesd according to the IawR of the ~
~tatr of Florida: uP~n d~fault in th~ payment of principat and/or interest when due, the whole sum of principal and int~rest
rrm+ining unpiid •hall, at th~ option of the holde~, become immediately due an - yable
S (~EAL)
,
/ ~-f-~c ll~z.,u /7'lo-~cti,.v (tiEAL)
Prepared by ~prler 8 Tendrich. \ttorneyc - 2'240 Ri~caynt Wrd., Miami, ida / '
ar~J ahall perform, comply with and abide by each and evety the stipulations. agteements, conditions and cove-
nants of said promissory note and of this deed. then this deed and the estate thereby cteated shall cease and be
null and void.
l. The Mortgagor hereby covenants and agrees:
i (a) To pay sll and s~nsulsr the pr~nc~pal snd interes~ and otAer sums d moneY D~Y~ble by vitwe ot said promissory no~e and this
deed, a e~ther, promptly on the days respectively the same severally becoaes due.
(b) To permit, commu a suf(et no rrsste s~d to mam~am the ~mprovemeets at all t~aes in a state of ~ood repair and cond~hon, snd to
~ do or perm~t to be done to ssid prem~ses noth~n~ thst r~~ll alter or ehan~e t6e uae and chuacter o( said property or in aoy vay impa~r or
; weaken the secw~ty o( this mort a e. And in case of the refusal,_ne Iect or inabilit of the Mort ~ or to re
t 6 ~ Y L t pair aed maintain s~id proper-
~ ty, ~he Matsseee may, at Ais op~~on, make such repairs or cause the ssme to be made, and adrance moneys in that behalt.
~ (c) To psy sll and s~n~ulsr the u:es, sssessmems, levies. IiaD~l~ties, and oblipt~ons ot every aature on ssid described property eacA
~ and ererr ~hen due and payable accordin~ to law, befae they becane dclinQuent, aod to deliver to the Mott~a~ee on or befae Ma~ch
~ lSth o( each year taa receipts er~denc~ps the paymem ot all lar(ully ~mposed ta:ea tor the precedin~ calendat yur, to ~ndemn~fy the
~ Mort~a~ee upon his Jemand for all taats, arsescments and charses ~hat may be assessed upon tAis mott~a~e on the indebtednexs v-
cured hereby~ and paid by the mateasee, r~thout retard to any Is~r heretofo~e enscted or heteafter to be enacted imposins ,?aymcnl o:
the ~rhole or any ~art thereo( upon the Mort~a~ee. -
~ <d) To psy all and s~n~ular the costs, char~es and e:penses, includ~na I~ryers' fees and apatract costs reasonably incurred eu paid at
any ~~me by the Mor~aaaee becau~e of the (a~lure on the part of the Mor~sa~or to per(ors, comply vitA aad ab~de by eaeh snd every the
s~~{wlat~ons, a6reements, cond~t~ons and covenants ot said promissory note and th~s deed. a eith~r, and every such'pay~nent shsll bear
?nterest fran date at thc rate o( ten (10~.) per centum per annum.
(e) lt u furtba co~eea:::d,uM a{reed by ~~id partie~ W~t in tbe event of a auit beie~ iastituted to taeelose ebis sortsase. Wt 61ort-
~a~ee sh~ll be au~~~ea w.~tr anr u.e peadins sucb foreclos~re soit to ebe court 6a~ies j~risdietim t6ereof for tbt aypoiatseat
of ~ reeei~sr of ~11 and iiesolu d~e sortt~tcd prooertp. aad o( ~II reab. iacosea. ~ofita. i~~uq and re~eauea tAcreof. ttoe ~hatsoever
sauce derived; and Itereoyoa it is berebr espraa~ly eoreaawted aed ~~teed th~l tbe Coutt shall fotth~its a~oiet ~aeh teceiret rith
the wwl parers aod dutiea of ~eceivera in like eue~: ~ed said ~~oiat~ent s6s11 be yde br t6e eoYrt ~s a~attet ot strict ri{At to
~Ae Mortpjee. uW ~ritbont refereuee to the ~deqwcy or inadequ~ey of t6e value ot t6e ~openy 6ereby worepsed. or to the solveecy
~ or iosolvs~cr of tbe Mort~s~ars or ~nr oWa ~srty defeedant co suc6 auit. 'Ihe Mottpsor herebr ~oecitic~lly raives tbe tiibt to object f
to U~e ~ppoiatsent of ~ receivtr si aforesaid and berebr e:preulp cansests th~t sueb ~~oi~tseet ~6~11 be ~ade ~i aa ad~itted cauitY ;
~ ~nd ~s a dtter ot ~baolute ri=ht W tbe Mort~aiee and that t6e ~ase ~r be dooe aidwot notiee to tAe 11ort~asor. ~
~ (f) If toreelosure orooeediap ahouW be instiwted uaiast t6e ~ooettr corered bp Wis ~or~Wp ~p~ anr other liea w d~is rhetbcr
alle~ed to be snperiat ot junior to tbe liea d thia ~orya~e~ the Mort~~~ee wr at Ais optioa i~esd'utely doon institution of sucb suit
1: or duria~ the pendeecr t6ereof deel~re tbis sortq{e ~ad the iadebtedeess sec~red Aaebr dre u~d wyablt fatA~itb and auy H its
optiaa ~aeed to tacclose t6i~ matss~e.
~ (v TA~t t6e Mortµ~or ~ill keep all ~eal u~d oenoaal prooertr aov or Aeresfter eeeYSbered br tYe liea o( t6is sort~a~e insured ~s m~y
r be required ito~ ti~e to ti~e br the Mortsa~ee winat loas by fire. ~iadstas aad ot6er ~~suds. o~~wlties and contia~encies for such
~ periods and for oot lesa tMe ~nch ~eoueli u w~r bc required py_ We Mo~taase,~ aad to oa~r oro~otlr ~ben due all prce~uss for sYCh
iwur~ee. T6s asanta of ia~m~ace required bp t6e Mortp~ee s6a11 be,tbe Oiaiw ~soYe~s tor trlieA aaid iasYnnce sAall be ~rittcu '
~ aad ie a6a11 be iacuebeat eooa the t~lort~~sor to ~aintain_ suclr' i~ditioear iaa~r~ece u..r ee nec~f~ur ~o .e.~ aoa co.pir r~tir .~~w
~ •II co-iasYr~ece reauire~ents cont~iaed in s~id oolicies to tbe eod ihst the said Mon~a~ar is aa ~ co-iesmor t6ereYnder.lnsor~ace `
~ aAsll be nittee br ~ caea~y or ea~p~oies ~~o~ed a desi~nated by tbe ?{at~a~ee asd ~Q oolieies aad rese~~b tssreot sh~ll be Meld ~
~ br tbe Ilatsasee. All detailed desi~natians br t~e Mat~asot vAich ~re ~ceeoced by tYe Mortiasee uW ~11 yree~eaa rec.eee Morya~o~ ;
; asd 11ort~asee rclatie~ to iaa~w~ace. sow exiatin~ or bete~fter e~da. s6a11 be ia ~itisi aad sA~ll 6e ~ Put of Wis ~at~a~e a~ee~eat ~
•s fnlly u tho~yA set farW verbui~ hueie ~nA ~ball ~overn ba6 Osnis~ bereto a~d tAeir s~eeesaors ~ed usi~aa. No lien ~ooe ~~r of ~ ~
~ sald oolieiea ot iaa~uaeee or npm aap refYed or rswrn ~e~i~ vMid ~r be ar~ble m We cueell~tian ar tet~iiutioe tbereof. shall
be ~i~ea to other t6iw tpe Nor~aiee. e:cePt b~ rrooer endone~ent ~tfised to s~eM ooliey aed aPptovea bp Mort~a~ee. Each oolicy of
~ :ea~r~nce sAall Yave ~ffi:ed Wereto a Staadrd Ne~ Yak Morys~ee Clawe ~ithwt Caauibutim. ykisa all loss w losses ander such s
oolitr arable to We 14attp~ee as iu iaie~e~t yy a~su. Is t6e s~~et ~~ryr su~ oe ard of ~oeer becwrc Mr~ble thercwder tAe ~for~- i
p~ee sAsll h~re the optiaa to receive ~ad ~oplr tbe ~~~e oa ~ceoant o( We iadastedaess Aerebr secured. o~ to pe~oit ~he IMxt~aRor !
~
to reeei~e aed we it. a~ ~er o.ri dureof. ~itAoat Werebr ~airie~ or iipairiu~ .er e~~iy. liea. or ri~At under ~nd by v~rtue o( thi. }
ao~t~ye. le event ot los• or p6riic~1 As~a~e to tbe wort~~{ed ptooerty d~e Mlortp~a sAall ~ive i~sediate naice U~ereof by ma~l t.~ , ~
~ ~he 6tort~~~ee ~nd ~Ae Mortp~ee u~ay awke ptoof of loss if the s~ae ~s not made ~a~ptly br the flat~a~a. In e~en~ ot fae~lo.ure of (
~ • . OR ' • }
e~aK ~36 PA~E2844
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