HomeMy WebLinkAbout2782 ('Rl)~l[)1=.1~. ~I.N.1Yti. thal ~f ~he \tuttg~gut ~hall {+a~ untn thr \k~rtgagr~ th~ uidrbtrdnr., r~iJ~n~rd h~ e
_~r~ta~n prumi..~~n nu~r ~~I Mh~~h the (~~Il~~w~ng in w~,~d. and figures ~a a trua c~.pv u?-w~~ •
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6,875.00 Fort ierce, March 11, 75
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FI~K ~'~~I.l'F: KF:Cf:I\ 1~:1) _____WE, ioliltlY 8rid_ S@VeY'811~?i__ _ pron?i.r tu pay^
t~~ t6~• urdrr ~~f _ HOWARD 1!10NTAUG
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ihr pr~m•ipal SIX__THOUSAND EIGHT HUNDRED SEVENTY-FIVE anc~~~ ~~~~~.~~~~r wilh inlrr~~t--
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lhr~run Gum Jatr al thr rat~• uf trn F?rrc~nl. ~?rr annum unlil maw~~h•, t?utl~ p~incipal and int~•~c.t Lcing payabl~ in law(ul mun~•~ uf
tl~r l o~trd ~tatr: al '_'.'_-~•l lii~~•a~n~• lil~~l.. ~liami, Florida, ur at ~uch uthr.r ~?Iacc as thr hoWer: hereuf may dc~ignate io wriU~iR.
I'rinci~~al and int~rr~t payablr in imlallmrnt~ as fullows:
ONE HUNDRED TWENTY-FIVE ($125.00) DOLLARS per month, for sixty (60)
consecutive months, on the lSth day of each and every month, begin-
I ning on the 15th day of May, 1975, and continuing until the 15th day
May, 1980, at which time the balance shall become due and payable.
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Th~s notc ma~• be prepa~d ~n Nhole or ~n part after une ycar from the date hereuf upon paymen~ of a penalty eyuivalcnt ~
t~~ ~•i~l~t p~•n•rnt ~?1 thr ~~rinripal ,mu ~~rr~~aid.
F.a~•h in~tall~n~•nt pa~ uu•nt -ha11 br rrrdit~•d fir~t on lhr int~rr:t dw•, and thc rernai~ad~r un princi~~al: and intrr~~t ~hall thrrr.
u~~un r~•a~• upun lh~• ~~rim•ipal ~u ~•rrditrd.
Tlir makrn and ~•ndunrr~ .,f thi. nut~• furthrr a~rr~• tu waivr d~•mand, nutic~ of nun- ~a~'mrnl and prut~~st, and in thr n•rnt ~uit
-i~rti h~• bruuKht iur ti~r ruiirctiun 't~rn~ui_ u~ th~• w~nr ha.• to be cullertrd u~?on demand u~ an attorney, lo pay ~ra.wnablr alturnr~
I~•.•. G~r makin~ ~urh ~~uUri•l~un.
I)rf~~n d pa~ m~•nt~ hrr~~und~•r ~I?all brar int~v~•.t at thc ratr o( ten percrnt per annu~n frum maturity until paiJ.
r 71~i~ n~~tr is v~•ur~d 6y a mort~aK~ of even dat~ h~•~~with and ic ta- . orntm anel et~f ced accordin~ to lh (aw~ o[ the
! ~talr nf Florida: apon drfault in thr paymrot of principa) an~!/or interest w n du , the • ole ~ o rincipal d intere.l
I r.•nw~ninR unpaid ~liall, at th~ e~ption o( th~ huldrn, beco~ne immedi~teJ ~ due ay le.
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~ F'r~p.r~d by ~prlrr A i~ndn~h. ,\Uum~}> 2110 H~cray'ne Hlvd.. 11i Flor~da •
ar~d ~hall perform, c~xnply w~th and abide b~• each and every the stipulations, agreements, conditions and cove-
nants of sa~d pnxnissory note and of this decd, then th~s deed and the estate thereby cteated shall cease and be
null and vo~d.
'i l. The Mcxtgagor hereby co~•enants and agrees:
lal To pay all and ~maulsr tAe pr~nc~pai and mteres~ and other sums ot money payable by v~rwe o( sa~d prom~ssory note and ~h~s
deed, a e~ther, pcomptly on the days respecavely the same severally b«...~.~~
~ Ib) To permrt, cannu or suffet nn ~raste a~d to mamtam ihe ~mptoveme~ts at all umes m a s~ate of good repart and condiUOn, and to
do « permu to be done to sa~d premises noth~n~ that ~v~ll alter or chanse the usc and chatscter ot sa~d proper~y or m any way ~mpau or
; ~reaken ~he secur~ty o( th~s mort6a6e. And ~n case of ~he re(usal, ne`lect o~ ~nab~l~ty o( the Mort6a6or to repair aed ma~ntain sa~d proper-
~ ty, the Mottp~ee may, at his opt~on, make such repurs or cause the same lo be made, and advance moneys m that behalf.
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(c) To pay all and ~~n~ular the uaes, assessmen~s, fev~es. I~ab~l~ues, and oblita~~ons of every nature on sa~d desenbed property each
~ and every ~rhen due and payable accwd~ns to la~, before they bccome delinquent, and to del~ver to the Mortgasee on or before Slarch
ISth of eaeh year ux rece~p~s ev~denc~ng the payment o( all larfully ~mposed taxes (or the preccd~ns catendar year, to mdemmfy the
~ Atat a ee u h~s Jcmand fa ell ~aaes, a.sessments am1 char es ~hat ma bt assessed u 6 6 t
~ ~ s pon 6 y pon ~h~s mort a e on tAe ~ndebtedness t
cured hereby, and pa~d by the mortEaRee, ~~thout rcgard to aoy law heretofore enacted or hereafter io bt enacted ~mposms ~ayment o:
~ the rhole oc any ~+art ~hereot upon the 11.~rt6agee. f
~ (d) To pay all and sm~ular the costs, charaes and eapenses, ~nclud~na lawyers' fets and abstract costs reasonably mcurred or paid at }
~ any t~me by the Atartgagee becau.e u( the fa~lurt on the part of the Mortga~or to per(orm, eomply w~th and ab~de by each and avery the ~
~ shpulauons, agreemen~s, cond~uons and corenants o( sa,d prom~ssory note and th~s deed, or t~~her, and every such'payment shall bear
mtcrest (rom Ja~e a~ ~he ra[e of ~en 110 pcr centum per annum. ;
~ (e) It is fur~Au co~ens.:'.3 ~nd a~reed Ay said part~es that in the event ot a suit pein~ instituted to taeclose this mort~ate. tAe Mat- ;
p{ee sA~ll be entitted to ~pplr at any time pendins auch torcclosure suit to the court hs~in~ jurisdictian thereot far the •ppo~ntment '
~ of ~ receiver of all ~nd sio~ular Ne mort~a~ed property, and ot ~II renta, itxases. profita. issues and rerenues thereot. koo .h~tsoerer
~
~ swrce derived; aod thereupon i~ is herebr expreasly covenaated aod ~jreed that the Court s6~11 tortA~ith ~ppoint such receiver v~th ~
tAc uswl pwrer~ and duties of receivers in like c~ies; and s~id ~ppointment ahsll be made Ay the court as a matter ot :trict ri~ht to ~
~ tAe Mor/q~ee, and vithout ~eterence ~o tht adequ~cy a inadeQwcy oi ii~e ~ai~e oi tt~e property heteby sortp~ed, or ~o ihe soivency ~
~ or insolvency of the U{ort{~~as or ~ny other ~uty detendant to sucA suit. The Mats~~or Aereby apecific~lly ~r~ives the n~ht to objeci i
~ to tAe ~pRointaent ot ~ receiver ~a afores~id •nd hercby eapressly conscnts t6~t suc6 •ppointsent sh~ll be sade ~s ~n ade~itted equ~ty ;
~ sod as a wtter ot ~baolute ri{ht to the Matpsee sad that the s~me m~r be done vithout notice to the Mott~a~or. ~
~ If [oreclosure prcetediaaa should be instituted apinst the property covered br tAi~ mortaa~e upon any other lien w claim whethcr ~
~ slle{ed to be supet~a or junior to the lieo of lhis ~ats~{e~ the Mortis~ee may at bis opiioe immedi~tely upon institutian of sucA suil
~~i or dwin~ tAe pendency tAereof ded~re this mat~~~e ~nd ~he indebtedness secured hereby due •nd p~y~ble forthrith ~nd m~y ~t its ~
i
= opuoa oroceed to foreclose tA~s eartq~e. ~
_ Th~t ~he Mortp~or ~ill keep all re~l ~nd personal p~operty no~r or hereafter encwnbered by the I~en ot tAis mort~aje ~nsured as msy
be required froe? ~iae [o tiae by ~he Mor~~see ~pinst loss by fire, vindstam and otAer hazards, cuwlues ~nd coo~in~encies for such ~
penods and ior ~at Icsi tb~o •uch aewun~s as ~r be re uired by the Abtt -
b q ~s{ee and to p~y prooptly rhen due all prem~ums fa such
~nsur~nce. The ~mounta ot iaauruxe reQuired by t6e Mort~a~ee sball be tbe oinimwe amounu for v6ich s~id ~nsur~nce shall be .n~ten
_ and it sh~l! be incumbeat upon ~he Abrts~~or to m~intain such ~ddiUOnsl inaurance •s may be necessuy to meet and canply fully ~r~th
•11 co-insur~nee requireseats contained in s~id policies to the eod that the said Mort~~~or is not ~ co-insuror thereunder.lnsur~nce -
K;; sQ~ll be oritten sy ~ cosp~ey ot coopwies ~ppro~ed o~ des~{n~ted by 1he AAortj~~et and ~11 polrcies and rene.ds thereof sh~ll be held >
- br the Matq~te. All detailcd desi~aatians by t6e Mort~~~or rh~eh ~re aeccpted br the Nortp~ce ~nd all a~reeseets bet~een Mort~~~a ~
and Mortsaaee rel~t~ns lo insur~nce, nowr eaistin~ or here~her m~de. ~h~ll be in w~ritin~ ~nd shall be i part of tAis mat~a~e a~rcea~cnt
' as fullr ~s thousA set fortA ~erb~tiai here~n ~nd ahall ~overn botA parties hereto ~nd tAeir successors ~ad assi~ns. No lien upon ~ny of
~~id policies of in~urance a upon ~ar refuad or return premiu~ r6ieA auy bc p~y~ble on ths c~ecellation or termin~tion thereof~ sh~lt
be ~iven to aAer than ~Ae Alartp~ee, e:cept br oropet eodorsewent ~((i:ed to such policy and ~pproved by Mort~~~te. Each pol~cy of
- ~niur~ece sAall have ~tfiaed t6eteto a St~ndud New Yak INort~~~et Cl~we rithout Coouibutioa, inakin~ ~11 loss or losses under .uch
policy p~r~ble to the h/ottp~ee se ~ts ~nterest ~aay ~p0eu. In the event ~ny sum a suss of money becaae p~yabte ~hereunder the ~bri-
p~ee shall h~ve the option to receire and ~pply t6e s~se on aceount of t6e indebtedness Aereby secured, or io permit ~he Nrxi~afor
~ to receive and uae it, or an rt thereo(, without thereb .~ivin ar im ur~
7 W Y ~ p ns •ny equitY. litn, or n~,At under and by vu~ue o( th~.
_ nwrtp~e. !n event of loss or physical d~ma~e to tht mort~ated ptopetty tht Mort~asor shall ~~re ~moed~ate noUCe therco( by ma~l t~~
~V the Mwtp~ee ~m! ~ht M~tt~a~et may mate proo( of loss ~f the same ~c not m~de prumpUy by iAc Vor~p{a. In evem ~~f (ure~tn.ure o(
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