HomeMy WebLinkAbout2778 f'Rl)\'ll)1•.I1. ~~LNA1'1. th~l ~1 Ihr \lurtgag~•r ~hall ~a~ unt~~ the \k~rtg:+gr~ lhr ~ndrbtrdnr" «~i~~nicd h~ a
ctrta~n ptum~.,vn nu~r ~~I Nh~ch ~hr f~~lluw~ng in ~~,rd. anJ figute. a truc ~i~py ~~~-wit
i
~o~c~3a,qc ?Zotc
~ 7~.650 . 00_ _ _ _ Fort Pierce , F•~„~;,~,, March 11, 75 .
FOli ~';~Lt h: ItF:1:F'I~~f:U _ WE Qintl~y and _seve~al_l~X p~omi.r tu pay ~
~~~1,•~ ~?r MAX KLEIN and _ REGI _ _ KLEIN,_his. _wife _ _
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thr prin~~iprl .um uf S~Y~~.THOUSAND__SIX HUNDRED_ FIFTY _and RO~l~a)OI.l.r1R.~, togrthe~ with intr~r•1 y
lhrrrun f~um Jatr at tbr rat~• uf t~~n (Mn•rnl, prr annum until maturih•, buth princiNal and int~•~c.t l?ring payable in (awful moiir~ uf `
~hr t'nitrJ ~ta~r. at '~'~-l~1 {ii•~•a~ n~• Iihd., ~liami, F'lorida, u~ at wch uthrr placc as thc• hulden hereuf may designate in writinK. ~
~ 1'rincipal and intrre~t payaLlr in in.lallmcn4• a: (ollows:
~i ONE HUNDRED SIXTY-FIVE($165.00) DOLLARS per month beginning on the ~
4' lSth day of May, 1975, and continuing on the lSth day of each and `
every month thereafter until paid in full.
This nute may be prepaui ~n ~hole or ~n part after one year from the date hereof upon payment of a penalry equivalent ~
tu ~•i~hl p~•r~•~•nt ~~f Ih~• ~?rin~•ipul ~~un (~rv•~~aid. .
F:arh in.lrllmrnt pa~ mrnt ~6a11 b~• ~~~r~i~~,•~i r~~.t un thr intere,t dar.. •rnd thr n•~nain~lr~ on principal: and intere•t shall lhrrr- `
u~~un ~~ray upun t6~• prin~•~pal .u ~•n•dit~•d.
I ~~~~u• mal.rn :uul .v~rl~~r..•r. ~.f 11~i..~~.t.• G.~~1.... .;.::e:~r :!s•: :~s: ::::i::s• o: ii:;i:--::i}"~ii iiC aiiu (~i~t~-.t. anu in iiu• PVPIII ~ull
~IIdU IIP bruuKl~t [ur thr ~•uUr~•liun herruf. or t~i~• ~amc ha~ to be cullectrd upun demand o~ an atturney, tu pay reawnablr attorney~.
( f~•r. lur makin~; •u~•h ~•uUr~•tiun.
I1~•G~~n•d pa~ mrnt~ hrmundrr ~haU Lrar int~~n•.t a1 th~• ratr of ten p~r~rnt pc~ annum frum maturitv unti) ~?aid.
I Thi~ nutr i• ~~~ur~J hy a mortKaK~ uf even dat~ h~r~with and i~ to Ix ~c,nstrued and enforced~according to the lawt o( the
~ ~ ~tat~ of Flouda: up~~n d~fault in th~ p:~vmrM uf principal a~~llor inte~r~l when due, the whole sum of principal and int~r~~l
1 r~•inaininR unpaid •hall, at thr optiun u( th~ huld~n, become immediately d e and payaWe. ~ ~
~ s , ~l~~~ ~ c% _ ~~'Yt-?~~t~E:~L) i
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~ Prrpar~d by `pKlrr 1'L ftndnrh. ~1Uorn~~~ 22111 N~.ca~ne Ftlvd., ~liami, Flarida
ar~J ~hall perform, camply w~th and abide by each and every the stipulations, agreements, conditions and cove- r
~ nants of ta?d promissoty nute and of this decd, thtn th~s deed and the estate thereby created shall cease and bc
null and void.
! 1. The hlortgagor hereby co~enants and agrees: •
~ .
~ (a) To pay all and s~n~ular the pr~nupal and mtercct and uther sums o( mnney payable by v~rtue o( sa~d prom~ssory note and tAis ,
~deed, w ather, promptly on the days respec~ively the same severally becomes due.
~ (b) To permu, camiu or suffer no ~raste a~d to ma~ntam the ~mprovements at all bmes ~n a state of 6ood repa~r and cond~t~on, and to
f do or permu to be done to sa~d prem~ses noth~ng that r~ll alter or chan`e the use and character of sa~d property or m any way impau or
z weaken the secunty of th~s mortaase. And m case of thc te(usal, ne~lec~ or in~bihty ot the Mort~a6or to repair aed mamta~n s~~d proper-
t
t ~y, ~he F1or~~aEee maY. ~~s ophon, make such rcpaus or cause the same to be made, and ad~•ance muneys m that behalt.
s (c) To pay all and c~naular thc taxes, assessments, lec~es, Lab~l~hes, and obli~aUons of every nawre on ss~d desenbed property eacA
; and every rhen due and payable accwdin6 to law, be(cxe they become delinquent, and to del~ver to the Mortaagee on or before March
~ ISth ot each year ua receipts ev~denc~ng the payment o( all larfully impoced taxes for the preced~na calendar year; to indemn~fy the
~ A1at~asee upon his demand (or all taxes, a.sescments and ihargec that may be assessed upon th~s mort6ast on the indeb[ednecs
~ cured hereby, and pa~d ey ~h~ mortEagee, M~thout regard to any larv heretofae enacted or hereafter ~o De enseted ~mposm~ naymen~ o:
~ the ~hole or any ~art thereo( upon the AfortRagec_
" (d) To pay all and smguiar the costc, char6es ~nd expenses, includma laryers' (ees and abstract costs reasonaAly ~ncurred or paid at
~ any ume Ay the S1.xtEaRee brcau~e o( the fa~Sure on ~he part ot the .ltort6aaor lo perform, comply w~[h and ab~de by each and tvery tAe
~ st~puLhcxis, agreementc, cond~uons and covenants of sa~d prom~ssory note and th~s deed, or e~ther, and e~ery such~payment shall bear
8 mterest (~om date at the rate of ten 110°~) per centum per annum. :
~ (t) It is furtAu covena.=':3 and •~reed by said p~rties that in tht event of a suit beins instituted to (oreclose this mort~ase, the Mort•
~ p{ee sh~ll be entiUsd to ~pply •t •ny ~ime pendin~ sucA foreclosure suit to the court 6avin~ juriadictim ~hereot (a tAe ~ppo~mment :
of ~ teceivet o( ~11 and ainaular tbe mort~a~ed property, and of ~11 rents. incaaes. profits. isaues ~nd rerenues ihereof. fros ~rh~tsoever
~ sourcc derired; aod tAerouyon it is hereby espreaslr coren~nted •ad a~reed tA~t tbe Caui a6~11 forthrith ~ppoint sucb receiver ~~th
~ the uswl po~rers and duties of receivers in lite cues; ~ad uid appointeent sAall be eude by the eourt ~s a matur of strict ri~ht to
the Aiat~a~ee, and vithout reterenee to tAe ~dequacy or in~deauaey of thc ralue of We propetty Aetebr mort{ajed. ot to the solvency
~ or iesolvene ot the Mort • as a•n other rt de(endaet [o such suit. The Mott a or hereb s
Y ! t Y 9~ Y y pecific~lly ~raives tbe r~~ht to object
zY to the appoinunent of a receirer as atoresaid and hereby e:pressly consents t6~t such ~ppointment sAall be ~ade •s ~n admitted equ~ty
•nd as a satter o( ~bsolute ri~ht to the Mortp~ee and th~t the s~me wy be done rvithout notice to the Abrta~~or.
(f) If forecloaure proceediap sAould be instiwted ~~ainst ~he property covered by this wo~t
pte upon ~ny other liee or cl~~m whether
~ slle~cd to be superior or junior to the lien of this mortpse, the Mort~~~ee auy at his optioa immed~uely upon instiwtion ot such ~uit
' or durin~ thc pendency thereot ded~re this mat~~ae •nd the indebeedneu secured hereby due ~nd p~yaele fortbwith and may ~t ~~s
- optioe proceed to foreclose tbis morts~se.
Tb~t the Mort~s~or ~rill keep all real and personal property nor or hereafter encwsbered sy the I~en o( this rnortia~e ~nsured as may
- be requi~ed from tia~e to tise by 1he Mort~~~te ~pinst loss by (ire, rindstarm ~nd otber hsz~rds, c~swtties ~nd cont~n~encies for such
penods ~nd ior no~ less IUan such amounts •s ~y be repuired by the A4ortp~ee and to p~y prosptly +hee due •11 prem~wns tor such
- maur~nce. Tht ~mounta of iwurauce reQuiad by the Mores~aee sh~ll be Ue siaimure ~mouma (or rhich nid msurance shall be ~rnten
and it sh~ll be incumbent upon ~he Mort~ssor to sa~nt~in such ~ddi~ion~l insurance u may be necesaary to meet and comply (ully r~U
~11 co-iruurance requiremeats conuined in s~id policies to tAe eod th~t U~e said Mortsa~or is not ~ to-iasuror thereunder.lnsur~nce
shsll be ~rritten by ~ co~p~ny or cospwies aoproved or des~~nated by the Mort~~{ee and ~11 policies ~nd rene~~ls thereot sh~ll be Aeld
by U~e Ma~p~ee. All deuiled desi~aauons by tbe 6Aort~~~or ~rh~ch are accepted by the hlort~a{ee ~nd all a~recments bet~ten Alortia~a
and Morts~~ee rel~un~ ~o insurance, no. esistin~ or here~fter m~de. sh~ll be in rritins and sh~ll be • put of tAis ~orlq~e a~tecaent '
u fully •s thayh aet forth rerb~tis herein ~nd sh~tl ~overn botA partiea Aereto and tbeir successors sad ~ssi{ns. No lien upon aey of
said policies of ieiurance or upou •ay refund or return presiua~ ~hicA s~r be p~y~ble on the c~eeellation er termination thereot. shalt 4
:'t` be ~iren to otber rhan tbe Mort~a~ee, ticept br p~oper endasea~ent ~fficed to svch policy and ~Ppored by Matp~ee. Each pol~cy of
- insur~nce ahall h~ve •ffised thereto ~ St~adud New York Alort~s{ee Cl~uae rithoYt Coetnbution, eukin~ ~11 loss or losses under ~uch ~
policy p~y~ble to the Mortp{ee as its iaterest eaar ~ppeu. le the erent any auw w auau ot moner becowe ayable thereunder the ~fort- ~
s` p~ee sMll h~ve tbe option to rece~~e and ~pply the s~we on ~ccount of the ~ndeetedness Aerebr secwed, a~o permit ~he Nntt~sRor j
~ to tecei~t and we it, ot any part thereot. rithout lhereby ~~ivin~ or nuupairin~ any ea~~~r, Gte?, or t~~At under and by rutue of ~hi. '
;3;= aiortp~a In erent o/ losa a physical d~ma~e to the mortp~ed ptoptrty tht Mortp~a sh~ll ~ire uaoedute not~te Ihercu( by ma~l t~.
- ~ the M~yt~~~ee and ~he Mon~a~ee may make proof of loss if ~he ~~me ~s not made promptly py the 1~lort~a{a. In evem nt fure~lr..ure of
e~K2~7 F~~E2776
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