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Home My WebLink About0233 I'Rl)~~Il~t~l~ •1l_NA1'1. ~ha~ if ~hr ~turlgagur .h~ll p~~ unu? Ihr \katg~gr~ thc i~drbtednr~, r~~~~n~rd M~ crrtain ptuin~.~a~r~ na~r Nh~ch thr foll~~wing in ~~~rd~ anJ f~gure~ a uur ~~ipy t~-wi~ iiL 4~Q~G 1~~41G - ~ 3_ 31875.00 Fort Pierce. M'~~~~~~~:~ March 1, ~~~75 f~?K ~':~I.l'F: RF:c:EI~'F.I~ WE 'ointl and several ~ ~ - ly' promisr lu pay - urdr~ __NATHAN_ _I_. SACHS._and _CELIA SACHS~ his__wife n~ _ ~ thr prinrip~l .~~~n __T}iREE THOUSAND EIGHT._HIJNDRED SEVENTY-FIVE~~jT,L~Ff.~, iogr~he~ wilh intrr~•1 thrreun f~o~n date at thr rat~ uf trn ~~rrcrnt, per annwn until maturit}'. buth principal anJ interest t?ring payable in (awfu) mon~•~ uf thr t'i~itrd ~t:~tr: at '.t'_-~•~ Ili~ca~ne lil~d., ~tiaroi, Florida, uc at wch other place as the holden he~eo( may derignate in writing. j I 1'rincipa) and inte~r~l payabl~ in imtallmen4~ ac (ullows: , NINETY-FIVE ($95.00) DOLLARS per month beginning on the lSth day of M~y, 1975, and continuing on the 15th day of each and every montt~ thereafter until paid in full. This note rt~ay be prepa~d in w•hole or in part after one year Erom the date hereuf upon payment of a penalty equivalent tu ~•i~ht p~•nvnt uf thr ~~rinripal ~nin prrpaid. ~ Farl? in>~allm~•nt pr~~m•nt >hall I?r ~•rrditPd fiM on thr intrrest duc, and the remainder on principal; and inter~xt•hall thrrr- upun ~•rav upun lhr prini•ipal >u ~•rrdil~•d. Thr mak~•n and rndur~rn u( thi~ nulr furlhrr aRn•~• to waivr d~•~nand, notic~r uf non•I~aym~nt and prole.l, and in thc event ~uil ~hall h~ bruuKht fur U~~• ~•uU~•ctiun h~•rruf. c,r thP wn?e ha.. tu be collected upon demand o[ an atturney, to pay reasonable attorney'r frr. fur makin~; wch ~•ullrctiun. I 1?~~f~~red pa}•m~•nt~ hrn•und~•~ >hall t,~•ar inten•st at the ratr of ten p~rernt per annum frum maturity until paid. Thi~ notc i• •rrurrd hv a mort~a~~ u( eten date h~r~with and is to be construcd and enforced according to the laws a( the ` ~tat~• of f~lorida: upon J~fault in th~ pa~~m~nl of principal and/or inter~ when due, the whole sum of principal and interest t n•maining unpaid ~hall, al th~ optiun of lh~ holders, lxcome immedialel d e and ayable. . 1 ~ r ~ ~ ~,Ea~~ . _ / l tiEAL) Nr~par~d b~ ~prl~t K~~endnrh. Atlorn~y. - 2•>.tll Niccayne Hlvd.. ~1iam~, orida ~ ar~J ~hall perform, comply w~th and abide by each and ever~• the stipulations, agreements, conditions and cove- nants of said ptumissorp n~~te and of this deed, then th~s deed and the estate thereby created shall cease and be null artd void. 1. The Mortgagor hereby co~~enants and agrees: (a) To pay all and s~n6ula~ the p~nc~pal and mtercst and uther sumc of money payable by v~rtue of sa~d prom~ssoty note and th~s detd, w e~the~, promp~ly on the days respectrvcly the same se~erally becomes due. 1b) To permu, cortumt or su([er no ~vaste a~d to ma~ntam ~he ~mprovements at all umes ~n a state of good repa~r and cond~t~on, and to do or perm~t to ~e done to sa~d prem~ses noth~ng that w~ll alte~ or chanse the usc and ch~racter of sa~d property or ~n any way ~mpa~r or r~eaken the secunty o( th~s mort6a6c. And m case ot the re(usal, neglect or mab~l~ty of the A1ort6a6or to tepair ar.d mamu~n s~id proper- j ty, the Mort~aRee may, at h~s ophon, make such repaus or cause thc same to be made, and advance moneys m that behal(. ~ f (c) To pay sll and ~~naular the ta~ec, assessments, le•~es, I~ab~l~t~es, and obli6a~ions of ev~ry nature on sa~d descr~bed property each f and every When due and payable accordmg to IaM, betore they become del~nqurnt, and to del~ver to the'Mottga6ee on w before March i ISth of uth year tax rece~pt~ ev~dencm6 the payment o( all law•fully ~mposed taxes for the precedm6 calendar year, to ~ndemn~fy the ~ Alatpsee upon h~s dert:and (or all taacs, a.sessments and char6ec ~hat may be assessed upon th~s mortgase on the ~ndeb~ednecs ~ cured hereby, and paid by th~ mortsagee, w~thout regard to any law heretpfore enacted or hereafler ~o be enacted ~mpos~n6 ~ayment o: ~ the ~Aole or any ~art thereo! upon the A1nrtRagce. 4 (dl To pay all and s~n6ular tho costc, char6~s and expences, ~nclud~ns tawyers' fees and abstract costs reasonably mcuned ~x pa~d at ~ any ume by the \1w~gaEee becau.e uf the (a~lure on the part of the Mor~gegor to perform, comply w•~th and ab~de by each and avery the ~ supulat~ons, agreemen~s, cond~uons and covenants ot said prom~sswy note and this deed, or e~~her, and every such'payment shall bear ~ ~ntcrcst from date at the nte of ten 110 pcr crntum per annum. ~ (e) 1~ is tutthu coven~.:'-: ~nd asreed by said partits th~t in the event of a suit bein~ instituted to [areclose ihis matt~~~e, lhe Mort- ~a~ee sh~ll be eatitled to apply ~t any time pendins such forecloeure suit to the court havins jurisdictian thereof fa the ~ppo~ntment of a receiver ot ~11 and ain~ular the mort~a~ed propeny, and of all renta, iacanes. pro(its. i~suea ~nd revenues thereof. hom ~rhauxver source derired; aod thereupon i~ is hereby eapressly corea~nted aad ~jreed th~t tAe Caut sball forthvith ~ppoiat such receiver ~~th the usu~l po~rera snd duties of receivera in like casea; and said appointment sh~ll be made by We coutt as a matter of strict ri~ht to ~ the Mort~a~ee, and withwt relerenee to the sdequ~ey or in~dequacy o! Ne v~lue of the property beteby mort~a~ed. or !o the solvency i ~ or insolvency of the Morts~~ors or any other ~arty de(endant to such suit. The Mortj~~or hereby specifically r~ives the ti~ht to objec~ to the ¦ppointment of ~ rcceiver ~a at«esaid •nd hereby ezpressly consents that such •ppointment shall be wade •s ~n admitted equ~ty ~ and ~s a m~tter ot ~bsolute ri~t to the Mo~t~a~ee and th~t the same oay be done w~ithout notice to the Mlort~~~or. ~ (f) If loreclosure oceedin ~ pr p ahould be instituted ~~~inst the property corered by this mortp~e upon any other lien w claim whether ~ alle~ed to be superior or junior to the lien of tAis mortsa~e, the Mortsa~te may at Ais option immedi~tely upon instituuon o( such sui~ a durin~ the pendency thereo( decl~re this morts~~e and the indebtedness secured hereby due ~nd p~y~blt torthrith and may at its oDt~on p?oeeed to foreclose tAis mo~t{~~e. That the t~/ortp~or rill keep all rul ~nd persond property no' or heru(ter eecumbered by the lien ot tAis mortp~e ~nsured ~s may ~ be required from time to time by the Mort{asee ~pinat loss by firt, windstorm and other hazards, caswluu ~nd contin~encies for such ' ~ penods and tor not less th~n •uch aaaunts as ~ear be reQuired by the Mortaaiee .~a ~o o•r proAp~ir .rhen due dl prem~wns for such ' insur~ace. The ~mounts ot ie~urance required by t6e Mort~~~ee s6a11 be We miaimum ~mounts for rAich said insurroce sMll be wntten and it shall be incumbent upon the Morti~~or to euintain such addit?on~1 insur~nce •s uay be necessary to meet and canply fully +~ith ~ •11 co-iesuraeee ~equiremeats contained in s~id policies to the tad that the s~id Mati~aor is not ~ co-insuror thereunder.lnsurance sh~ll be written by ~ coep~ny or caopanies approved or dea~~nated br the 1~Iort~~~ee and ~11 polioita and reae~rals thereof sAall be Aeld ~ by ~he Matpsce. All detailed desi~nations by the Mort~~~or which ~re accepted by the Mortsa~ee ~nd all yreesents bet~reen M«t~~~or ~ and Marta~tee relat~ns to inaurance, now e:isties w here~(ter m~de, shall be in writins ~nd shall be a p~~t of t6is eartp~e a~reement l ~s fully as thoua!? set fath verb~tim herein •nd sh~ll ~overn botb partiea hereto and Weir auccessors ~nd sssi~na. No lien upoe any of ;a; sdd policies of insurance o~ upan anr refund or return preieium ~rhieh say be parible an tAe c~ncellation or termination thereof, sh~ll ; j be ~iven to other rhan tbe 61ott~~~ee, eacept by proper endw~ement affi:ed to such poliey and ~pprortd by Ma~s~~ea Each policy o( ~ ~ inaur~nce ahall A~ve •ffixed thereto a St~nEud New York Mort~~~ee Cl~use Withou~ Contribut~on, a~akin~ all loss or losses under ~uch ~ ~ policy p~y~ble to the Mat~a~ee •s its interest nuy ~ppear. In the e~ent any swn or sw~s of money becane p~y~ble thereunder the ~fort- ~ ~a~ee sMli h~re the option to receire and •pply the suse on account of t6e mdebtedness hereby secured. or ~o permit the Nrx~~aRor ~ io recei~e and we i~, a any part thereo(, w~~thout Nereby ~~ivin~ or impairin~ ~ny equitr. lien, or r~~ht under snd Ay vu~uc ot thi. nart~a~e. In even~ of loss or phys~c~l d~ma~e to the mort~a~ed property the Mor~q~or sh~ll ~ire ~mmedutt notice lhercnf by ma~l the Murt~~see ~nd tAe M~r~Ra~et msy make poof of loss ~i the came ~s not made promptly by Ihe Mat{a~a. (n event rrf fure~l~~.ure of BOOK 238 PACE 233 ;u~w - , _ _ - ~ ~ ~~'4 ~ ~M~ °ry`~ n ~a~ ~ -