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Home My WebLink About0986 I'Rll\I111~i~. ~I.NAIti. ihai ~f thr \lurtg:~g~,r ,I~ell ~a~ unt~~ the ~lotlgagr~ thr inJrbtednr" r~~Jrn~rJ h~ r~~tain prum~..~~n n~~tr ~~1 Nh~ch thr f~~ll~~wing ~n ~.~rJ~ anJ figur~~ i~ a Itut c~~py t~~-Ni~ iiG4~t~'~G ~C 3,875.00 Fort Pierce, M'~~?~~~I:~ March 1, ~~~75 ~ - , , l~~t+l:1't!.!'!~:l:f:(:!-:!\'F:!' i.iF3 -~+C?!?C~y 3!'2_~ CP\~P~'?~-lY. ~r~~~:+=. t.,~,:~,. ~,~~1~•~ ~?r NATHAN_ I, SACHS_and CELIA SACHS his wife . _ . . . . . -~-1---- - - QO----- - tl~r ~~r~n~•i~?al .~un of T~IREE_ THOUSAND EIGHT HUNDRED SEVENTY-FIVE .(,,.~t~~, ~ugrlh~r w~ith intrrr~t Ihrrrun frotu dat~ at thr rat~• uf ten percrnt, per amwm until maturit}•, buth p~in~•ipal and iulrre•l br.ing pa~•able in law~ul munr~ uf thr t'nitrd ~tatr~ at '~'~•l•l Ki.~~•a~nr lil~d., \liami. FloriJa, ur at .uch uther place as the holde~ he~eof may de.ignate in w~iting. f'rinci~?al and intcre.t ~?ayabl~ in in.tallmrnl. a• fullows: ~NINETY-FIVE ($95.00) DOLLARS per month beginning on the lSth day of May, 1975, and continuing on the 15th day of each and eve'ry month thereafter until paid in full. ~ This note ma~~ be prepa~d ~n Nh~le or ~n part after one year from the date h~reof upon payment of a penalty equevale~t tu ~•i~ht p~•n•r~it uf Ihr ~~rin~•ipal .un~ ~~n•paid. ~ . Ea~•i~ in~~aUmrll~ ~i:1ti'ftii'::: :-:iu~~ ~ii' i'ti'i~: rc! fint ilii t~ial iTiiaiFS - . . J_"•--'.. .i._u ( Z t i~UP, and ihi fT:iiiaiiiu.. vii ~iii~~i~:e~. nLu wac~c~a ~usu iu~'ir uE~un ~~•a~• ut un U~r pr~n~•~`~al ~~rrdit~•~l. , Tl~r mal.rn aod ~•ndur~rn thi~ nut~- furlhrr a~n•~• tu waiv~• d~•mand, nutic~• ui nun-F~a~~m~•nt and E?rot~•st, and in thc ~~•rnt ~uit ~hall br h~ouKhl fo~ thr ~•ulle~~•tcur~ h~•rruf. or th~ wme has to be cullectrd upon demand uf an attomey, to pay reawnable attorney~. G•r. fur ~n~kinR w~•h ~•ull~•~•tiun. j I)Ff~rn•d paym~•nh h~•n•und~•r ~hall he•ar int~-n•~t at th~• ratr of t~n percrnl prr annum frum malu~ty until paid. 'I~hi~ notr is secured bv a mort~ak~ o( h•en Jate lirr~with and is to !?e rnnstrued and enlorced accordin~ to the laws of the ~tat~• o( }lorida: up~~n d~fault in th~ pa}•mrnt ~~f principal and/or inte~~- whrn due, the whole sum of principal and int~rest n•maininR unpaid ~I~all, at thr ~pliun uf thr hulderti, lxcome immediatd J~e an~~payaLle. ~~~1 ~-ls~ Z~ ~ ~'---~~~.~c,~Gl~-~.~ c' ~ , . I /i~c, ~_~shf~L> ~ ` P~c~sirs! ~~x'!~f ~ TtR:~R~h. 1tts:rn~y: 'I.~_ 40 Hi:saynr ftlyd.. !lism . ~t~ida - - ~r~d shall perform, cumply with and ab~de by each and every the stipulations, agreements, conditions and cove- ! nants of sa~d promissory note and ~f this decd, then this deed and the estate theteby created shall cease and be ! null and r•o~d. ' l. The Mortgagor hereby covenants and agrees: i - i (a) To pay alt and ~insular• the princ~pa) and ~neerec~ and other sumc of moncy payable Ap v~rtue of sa~d prom~ssory no!e and th~s I deed, or e~ther, pranptly on the days respecuvely the same sc~erally be.omes due. E (b) To perm~t, comm~t or sut(er no waste a~d to ma~num [he ~mprovrments at all hmes ~n a state of good repa~r and cond~hon, and to E do or perm~~ to be done to sa~d prem~ses noth~ng that ~•~11 alter or change the use and ch~racter of sa~d property or ~n any ~vay ~mpau or r•eaken the secunty ot th~s mortga6e. And m case of the rc(ucal, neslect or ~nab~lrty of the ~lortgagor to repau aed mamta~n sud proper- ty, the NortsaRee may, at h~s ophon, make such repaus or cause the same co be made, and advance moneys m that behal[. ! (c) To pay all and ~inaular the ta~e~, assessments, Itvies, I~ab~l~hes, and obli6ahons o( every nature on sa~d descnbed property each ~ and ev~ry vrhen due and payable accord~n~ to lar, beiore they become delinquent, and to deliver to ihe 11Rorigagee on or be(ore March r IS~h of eaeh year Ua rece~pts ev~dencmg the payment of all la~fully ~mposed taxes for the precedmE calendar year, to ~ndemmfy thc ~ Mat~asee upon h~s Jemand (or al~ uxes, a.sescmrnts and charge~ that may be assessed upon ~h~s mort6a6e on the ~ndebtcdness T cured hereby, and paid by the mcxtEaEec, ~~thout regard to any law herctofore enacted or hereafter io be enacted ~mposm6 ~ayment o: ~ the rhole or anY ^art thereof upoa the ~1ort~agte. ' (d) To pay all ~nd ~ingular the costs, char6e. and expence~, ~nctud~ng layyers' fees and abstroct costs reasonably mcurred nr pa~d at ~ any ume by the Stortgagee becau~e uf the failure oo the par~ of the Stortgagor tu prr(orm, comply ~•~th and abide by each and every the st~~+ul~uons, agrtements, tondrt~ons and corenants of ~a~d promissory note and th~s deed, or c~ther, and every such~payment shalt bear ~ ~ntcrcst (rom date .t the rate of tnn (10 pcr centum ner annum. ~ (e) 1~ is (urthu coven~.:'=~ ~nd a~reed by a~id part~es that in ~he event of a suit beins instituted to faecloaie this mort~a~e, the Mat- ~q ~s{ee shall be tatitled to apply •t any ~ime pendin~ auch toreclo~ure suit to the court b~vin~ juriadiction thereof fa the appo~ntment " of a receiver of ~II and rin~ular ehe mat~a~ed property, and ot ~II rente. incomes. profits, iasuea and revenues thereof, from rhatsoever ~ source derived; aed theteupon it is Aereby e~pressly coveaanted and asreed th~t the Coutt sball (ortAritA appoint auch receiver w~th ,.t tAe wu~l po~rers and duties of receiven in like c~sea; •nd s~id appointment a6d1 be aude by Wt eourt ~s i matter of strict n~ht to f~ the Mort~a{ee, snd rithout reference to the adeqwcy or inadequacy of tAe value o( the ptope~ty hereby martp~ed, or to tAe solvency w insolvener o( the Mortpsors o[ ~ny other yuty defendant to such auit. The Mocts~~ot hereby ~pecitic~lly aaives the r~~6t to object ~o the ~ppointenent of a receiver as atoresaid and hereby e:pressly consents thd such •ppoinueent sh~ll be mide ss ~n adm~tted equ~ty r and as a wt[er of absolute ri~h~ to the Matp~ee and that the s~me may be done ~rithout notice to the Mortp~or. (f) It (oteclosure proceedinp should be instiwted a~~inst tAe popetty eorered by this mottp~e upon any other lien a cl~im whe~her ~ alle~ed to be superior ot junior to the lien o( this mortsa~e, the Mort~~~te may at Ais option imined~~tely upon ~nstitutioo of such su~t - or durins the pendency tAereot decl~re th~s mott~~~e and the indebtedneas secured herebr due ~nd p~y~ble forthrith and may at ~ts i option proceed to fareclose t6is mott~~~e. _ (t) Th~t the Mor[qsor rill keep alt real ~nd personsl property nor or hereatter encumbered by the I~en of this mort~a~e ~nsured as may be requirtd frae time to time Sy the Mort~~~te apin~t loss by fire, rrindstorm and other has~rds, uswlties ~nd coetin~encies for such periods and iot not less Ih~n ~uch aowunts u m~y be reauired by the Mortsa{ee and to pay prompUy wAen due all prem~ums for sucA insurance. The anwunta of iasurance required by t6c Morta~~ee sb~ll be the minimum ~mounts for Mbich s~id ~nswaoce shatl be w~ntten ~ and it sh~ll be mcumseat upoe the Alort~a~or to maintain such ~dditional insur~nce •e may be necessary to meet and canply fully v~th all co-insuranet rtquireroents contained in s~id policiea to the end that the s~id Mort~~~or is not a co-insuror thereunder.lnsur~nce shall be ~ritten by ~ casp~ny or compan~ea •pptored or des~se~ted by the Mott~~see and ~II policies a~ reoerr~ls thereof shall be Aeld _i by the Alortq~ee. All detailcd dcsi~na~ions by tse Mort~a~or ~rhich are sccepted pr the Mortp~ee ~ad all asreements betw~een Mort~~~or •nA Ma~~~ee rel~~ms to iniur~nce, no.r eaistin~ or here~lter m~de, sAall be in rritia~ ~nd sh~ll be a p~tt of this mat~a{e a~rcement u tu11r •a thou~h set forth verb~tim here~n ~nd sh~ll ~orcrn both parties hereto and their successors arM assi~ns. No lien upon iny of aaid policies d insuriece or upoe •ny refuad or return praoium ~hicb say be payable on the csaeellation or termination thereof, sAall _ be {iven to WAer ~han tAe Morla~~te, eaetpt br proper endorseeient •(fi:ed to suth policy and ~pprortd by Mort{~~ee. Each policy of ~n~ur~nce sh~ll hare dfised thercto a St~ndud Ne~ Yo~k Morqa~ee Cl~use ~r~thout Coetribut~on, m~kin~ ¦11 loss or losses under such policy p~y~ble to the Mortp~ee as its mterost ~ear ~ppeu. In the event any sum a swas o( soner becoa~e p~yable thereunder tAe ~fori- = [atee sMll Aare the oot~m to rece~ve anQ ~s~.ly el~. .s.,x ~ s=_~' s~r y..w_ti'__._~~ ?~..yy s=zu==Q. pr to permit the ltnrt~aFnr to receivt ard use rt, at any part thereof, without Uereby ~r~ivin~ a impa~nn~ any equiry, lien, or n~h[ under snd by rutuc of th~. mat~a~a (n event ot loss w physical damasc to the mortaa~ed ptoperty the Mort~~~a sh~ll ~ive ~mmedute no~~ce Iherco( by ma~l t.~ % the Murt{~~ee ~nJ tAe AMrtEa~te may make proof of losc ~f ~he csme ~s not made prwnptly by ~ht ~1at6s~a. In event n( f~xe~ln.ure ef ~i~~ ~ goox ~37 PAGE 985 ~ ~ ~ , ~ - - - - - - y : ~ _ , . " ' ! . ; , : '_''.°~:~..~"2f` i''"'... , _W .._~n'. . _ . . ^9.~~