HomeMy WebLinkAbout2497 PROVIDEfI, ALVYAYS, ~hat ~f the \1ort~a~or shall pay unto the 4b~t~afre the ~ndebtedness rv~Janccd hy a
f certa~n p~anisso~y ~ute ~f wh~ch the followin~ in v?ords and fi~ures is a true copy to-wit~
/Z4~~~G ~~4~C ;
~ _ _ 2~4~Si~0____ - - _ 'Fort Pierce, F~~~~~~t;~ March 19 75__ ~
F(11{ ~':~I.1'F: ftF:~:N:l~ l~:l? -WE,--.l-Q~iLl~and~e~era~~_ prom~.~ N..•
t~~ tl~r ~rdr~ o( EDWARD F~2AZIER -
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lhr principal ~r TWO TNOU3AND _FOUR HUNDRED_SEVENTY-FIVE aR~~j ,~Q~~, ~ogeth~r with intrrr~t
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thrre~~n frwn drte at thr ral~ of lrn p~•n•~nt, pr~ annum until maturil~•, buth p~in~•ipal ~nJ int~res( k~ring payable in law(ul munr~ uf
~ I tnr i~nitrd ~tate. at :.''.:•4~ fiivayrn• lihd., ~liami, FloriJa, ur al such olhr.r place a,: the hulden hercof may de.ignate in w~itinK.
1'rincipal and intere~l payable in imtallmrnla a.~ (ullow~::
SIXTY ($60.00) DOLLARS per month beginning on the 15th day of May, 1975,
and continuing on the lSth day of each and every month thereafter until
paid in full.
Th~s not: ma~• be prepaid ~n ~~hole or in part after one year from ihe date hereof upon payment of a penalty equivalent
tu ri~ht p~•rcrnl uf tl?r ~~rinripal ~uiu ~~r~~paid.
f:a~•h in~tallm~•nt paymrnt ~hall Lr ~•r~dil~•d finl un !hr intere.t Juc, and thr rrmainder on p~incipal; and interc~t shall lhr~r- ~
upun ~•ra~• upun thr principal .u ~•n•dit~•d. ~
Thr mak~~ and ~•ndur.rn uf tlii. ~~ut~• furthrr a~rrr to waive d~•mand, notic~ uf nuu•{?aym~nt and protr.xl, and in th~ event ~uil
~hall hr bruuKht for thr i•ullr~•Uun h~•rruf. ur th~ .arne ba~ tu b~ collectrd upon demand of an atturney, to pay ceasonable attorn~y~• v' ~
G•r~ lu~ makin~ w~•h ~•ullr~•tion.
I)r~P«a•~ ~3} illi'+?t~ ii~•n•und~•r ~hall b~•ar int~n•~t at the ratr of ten percrnt prr annum frum maturity until paid.
~ 'I'I~i: not~ i.• •c~urcJ by a nu?rl~a~~ uf rv~n date h~r~with and is to he construrd and enforced accordinq to the ~aws o[ th.
~ta~r o( Florida; ~p~n JPfault in Ih~ paym~nt of prin~ipal a~~l/or intere~t when due, the whole sum of principa) and int~rest
rrmaining unpaid ~hall, at th~ optiun of th~ hulder., txcome immediately due and payal,le.
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_ ~~-c.-~;u! (SEAL) .
Pr~p~r~d b~ ~pKl~r K~f~ndn~h. AUnrn~~~ 12111 Nucayne Ffl~d.. !1liami. F'1 ida
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ar~J ~hall perform, comply with and abide by each and every the stipulations, agreements. conditions and cove-
nants of taid pnxnissory nute and of this deed, then this deed and the estate thereby created shalt cease and bc
null and void.
l. The Mortgagor hereby covenants and agrees: ~
(a) To par all ae?d sin~ular the pr~ncipal and interest and aAer sums of money payable Dy vutue of sa~d prom~ssay note and tA~s
deed, or e~ther, p~omptly on the days respec~ively the same severally becomes due.
(b) To perm~~, caam~t or suffer no rraste a~d to ma~n~am ~he ~mprovements at all t~me~ ~n a state of sood rcpair snd coodwon, and to
h do a permit to be done to ssid prem?ses nothms that r~ll alter w chan~e the use and chuacter of ssid property or m any ray imps~r or
weaken the secun~y ot ~h~s mor~pse. And in case o( tAe refusal, ne~lect or mability o( the Idort~a`or to repsir ar.d ma~nta~n s~id proper- ;
ty, ~he Mortsseee may, a~ his opuon, makc such repairs or esuse the same to be made, and adronce moneys in that behalf. {
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i (c) To pay all and s~nsulu the taaes, assessments, lev~ea, liabilities, and obliphons o( erery nawre an sa~d described property each ~
` and every when due and payable accord~n~ to law, betore ~hey become delinqumt, and to deliver to the Mort~a~ee on w before March
IS~h o( uch year taa receipts er~dcncm6 the payfient o( all lawfully ~mposed taaes for the preccdms calendar year, to mdemn~(y the
Afort~a~ee upon his demand for a11 tues, assesamems and chsr~es that enay be assessed upon th~s mort~ase on the ~rMebtednecs a~-
! cured hereby, aed paid Dy the matea~ee, a~tAout re~ard to any law heretofo~e enacted or hereatte~ io be enacted impos~ns ~syme~t ot
the whole or any ~.art thereot upon the Alortsa~ee.
~ (d) To pay all and s~naular the costs, char~es and expenses, includms lawyers' fees and abstract costs reasonably incurred or pa~d a~ ~
; any ume by ~hc Mort6a6ee because of the fs~lure on ~he psrt of the Mort~a~or to pertorm, comply ~ruh and aD~de by each and every the ~
; supulrt~ons, a~reements, cond~uons and covenants o( sa~d promiasay note and th~s deed, or eitAer, and every sucA'payment shall bear
? ~mercat f~an d~~e at the ra~e of ten I10'L) per centwn per annum. ~
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(e) It is (urtber co~ea~ntcd ~ad asreed by s~id parties tAat in ~e ereat o( ~ suit beins ioatituted to (aeclase tAia mats~se, the Mort. i
' p~ce sh~ll be eatitkd to apply ~t any tiwe plOdlRs ~YCb ~OftCIOlYft fYll t0 U1t COYft A~rlllj jUf1{dIC[f011 tIll~tO~ ~Of dIC ~ppOlAtatAt
~ of a ~eceirer d all and ain{ul~r tAe sort~a~ed ~o0ettr. aod o! all teob, incosea. ~~b. issrea and rereaues thereof. froe rrh~uoever '
souree derived: and tAere~poo it ia 6erebr eaprsaaly coveaao~ed aod ~~reed tb~t tbe Caut shall forth~iW ~Ppoiat srch receive~ ri~h
~ tbe wwl pwrcrs and duties of receiven in like euei; and •~id ~~oiatsent shS11 be wde by t6e eourt u~~atter ot striet ri~At to
the 11ort~a~ee. and ~rit6oot refereaee to the ~dequaey or inadequaey of the ~alue ot tbe oropertr Aerebr sortp~ed. or to the ~olvency
«~psoi.e.er ot ~ w«~.~«. o~ ¦nr omw ~~r e~r~~a.n~ ~o .~b suii. 71~e 11ort{aSor bereby specitictllr ~aive, We risht to opject
to the ~~oint~ent of ~ re~eiver u~(acaaid ~aA Aerepr e=preulr coeaeeta Wat soc6 ~pooiat~eat sA~ll Ae ~sde ~s ~n ~dwitted equ~ty
~nd as ~~tter ot ~bsol~tte ti~ht W tbe Mottpace tod t6at tbe ~ue s~r be dooe arithow aotice to the Mott{a~ot.
, If foteclosure ~oesediap ~hould !e iostituted a~~inst the ptoOsttr eovered br thi• ~atpss upoo aar otAer lieo or cl~ies rhetber
; alle~ed to be sdoerior ot jmior to the lien ot t6i• ~attpse. tke Mortjajee wy ~t !is optioe i~sdi~telr upon iastiwtian ot such suit
- or duria~ 1be peMeocr thereof declaro tAis wortq~e ~nd ths iodebtedaesi secured 6aebr due and p~y~ble for~hwith and m~y st its ,
ootioo proceed to forecloae this ~ort~a~e.
(v 1b~t the Mortis~or ~ril) keeP ~11 real asd peraa?~I propertr oov a hete~tter encusbered br tbe liea of tAis sort~~~e insured as may ~
pe required ttow ti*e to ti~e bp tk Mat~asee a~ainat loss br fire. riadstono aad other b~sards, caswlties ~nd contin~encies tor such
~ periods and for aot kaa tAu sucA ~oo~eu u~ay bs requircd by the 1AorWaee tad to p~Y Pro~ptly rben due ~il p~em~wns ta such
~nsuru~ce. 71s a~ar~ts o1 ia~nrsece ~eaaired br ~6e No~t~uee a6a11 be tha ~ioiau~ ~sa~eti fa ~~icb s~id insirance shslt be ~ritteo
and it sball be iacu~beat upia tbe Alortaa~or to aaiataie such additianal iesuraect ~s wy be neeessary w iseet uW casply f~llr ritb
•11 co-imYnace reanireseau cont~intd in s~id policies to tAe end that the s~id Mor1~~~ot is not ~ eo-insuror thereYnder.Usurance
_ sh~ll be ~rittee br ~ co~~sr or ca~paeica ~opto~ed a deiipated by 1bs 1Jort~i;ee aod ~11 policie~ ~od rese~r~ls thered sAall be Aeld
by i?e Matp~ee. All detaileA deai{aations br tbt ~lortp~or ~rhicb ue ~ccePted bp We Yorya{ee ~ad sll yree~eets bst~sea hlort~~or
¦nd 4orta~se rel~tia~ to imYnace. eo~ eaiatio~ or here~ftcr asds. sYall be IA rtltlAs ~ad ib~ll be ~ put of Wis watp~e ureeeent
u fallr ~a tbo~yb iet fatb rerbati~ bueia and sh~ll ~orers botD artie~ bereto asd tbeir anccessars aed ~asi~ns. No lien upoa ~er of -
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saW oolicie• of isawancs a rOae a~ refnsd or rstnrn ~e~iu~ w~Aic6 ar be p~yable on tAe c~ecell~tion or letsinatioe the~eof. shsll
be ~iven to otbtr rAw ihe yort~afee. escePt bp Otoper tadasewent •ftiaed to ~~eh oolicy ~nd ~Pproved by Matp~et. E~cA policy of ~
' ina~r~aca ahall b~~e •lfised tbercto ~ Staad~rd Ne~ Yat Abrt~a~ee CI~YSe ~rithont Coauibutiaa. w~kin~ ~II loss ot losaes w~dcr such
' policr ar~bie to tAe Moryasee iu ie~cre~t w~r a~eu. W t?e evat aar ~uw a ~u~s of ~osey becose oalrable tbereunder the ~lori-
~~~ee s1?~11 hart We ootian to rcceive •nd •polr tbe s~~e an seeornt o( IAe indeMedness Aerebp secured, or to Peroit the More~aEor
to recei~e ~M ~ue it. or any art tbereol, witbont Werebr ~~irin~ a ip~irin~ any eqYitp~ lien. o~ n~ht undt~ and by vutue of th~. ~
mort~t. Is e~ent of Iws or pApsicsl d~nu~e to tbe sortaa{ed pcoperty the Mott~a~a ahall ~ivt iersedi~tt nol~ct thereof by mail t~~
s tbe Mory~~ee ~n~-tAr Mort~asee may mate proof of loss if thc s~a~e ~s nol aade pranpUr Ay tAt lNat~a~ot. In eveni n! (ae~ln.ure of
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