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Home My WebLink About2789 ~ , , . ? • ' t , r' ' PROVIDF(1, ALWAYS, that ~f the ~1wt~a~o~ shall piy unto the 1+lo~t~a~ee the indebtedness eviJancad hy a ctrta~e prom~.so~y note ~f which the followin~ in wo~ds and fi~utes is a true copy to-wit~ ~d~'~ag~ 7'~et~ n s_~.,,_3J5.QQ ~ort Pierce, M'Mrida Mav 17, 1~~~___ . M(1R ~':1L1!F; NECI:I~~f;U_ WE, _;ointly and SeVerelly, p~omi:~ tu pay t~~ th~ urdrr o( _ARTHUR FISCHER a11d LUCILLE FISCHER~ his wife__ , n ~~nT the principal surn of TWO THQUSAND THREE HIJNDRFD SEVENTY-FTVE $ndU~1 . A ti, togeth~r with intrrr>t lhereun frum date at the rate of t~n perc~nt, per annum until maturity, both principal and intereat t,eing payable in lawful moury uf th~ l'nitrd ~tatr~ at '~'d-i~ ItiKaync Bl~~d., ~liami, Florida, u~ at auch other place as the holders heoeo( may de::ignate in writing. {'rincipa) and iMere~t payable in in.tallmentss as follows: . FIFTY-FIVE ($55.00) DOLLARS per month beginning on the lSth day of July, 1975, and continuing on the 15th day ~f each and every month thereafter until paid in full. Th~s note may be prepa~d in v?hole or in part after one year from thc date hereof upon payme~t of a penalty equivalent tu ~•i~l~l p~•n•~•nt of lhr principal ~um ~~rr~?aid. F:ach in~tallmrnt paym~nt ~hall Ix c~~dited fint on the intercst due, and th~ remaind~r on principal; and inlerr~t shall thrn•- upon ~easc• upun thr prineipal .~i ~r~ditrd. Tl~e mak~n and rndorsrn of thi~ nutr further a~~ to wai~•e demand, notice of non-payment and protc.t, and in 1he event ~uit -1ia11 1~~ bruught tor tlir ~ollrction hereof. or the same ha.c to be colleeted upon demand o[ an attorney, to pay rea.conable attorney'. Irr~ fur making ~uch collectiun. I)~f~rrcd payment~ hereundrr •hall bea~ intrre~l at the rate o( ten percent per annum from maturity until paid. 7'hi~ not~ i.~ secured by a morlgaR~ of cven date h~r~with and is to be construed and enforced according to the laws of th~ ~tat~ o( Plorida; upon default in th~ payment oE principal and/or interest whe~ due, the whole sum o( principal and intenst rrrnaining unpaid sha11, al the option of the holders, become immediately due and able. r j ~ GG~ ti'~.-.~~ci.~k~~L~i. ,~ls-~G„(sEAL) ~ ,c ~a ~ , II~,L~ t1 (SEAI.) Prepar~d by ~pKl~t & Tendri~h, Attorneys - 2340 Biscayne lilvd_, lUia Florida ar~J ~hall perform, c~xnply with and abide by each and every the stipulations, agteements. conditions and cove- nant~ oi tiai3 prv~i~ss~ty note aad of this deesl, thtr. ihis detd a~ th~ ~state lherebv created shall cease and be } t null and void. ~ ~ 1. The Mottgagor hereby covena~ts and agrees: (a) To pay all and ~~nsular the princ~psl and interest and other sua~s o( money payable by vitlue ot said prom~ssory note and ih~s deed, or e~tAer, proaptly on the days respec~ively tht same severally becoaes due. ~ (b) To permu, caaa~t or sutter no ~rsste aod to ms~ms~n ~he ~mpfOrl~ICOts at all t~mes in a s~ate of ~ood repair snd condiuon. and to E do a perm~t to be done to ss~d prem?ses noth~ns that ~r~ll slter w cd~a{e the use an~ chuacter ot ss~d property or m any ~ray impau or ! Meaken the secutity ot this iewtptt. And in case ot the retusal, ne~lect oi ~nab~lity ot the AAort{s~w to repa~r a~A sa~ntain said proper- ~ I ty, the Mat~a~ee may, at his opt~oo, mate such repairs or cause the ssme,co be isade, and advance moaeys in that behal . ! I lc) To psy all and a~n~ulu ~he taxes, sssessments, lev~es. I~sb~lities, and obli~~tlons oi every-eature oe aaid described prope~ty each j and every rhen due and paYsble accord~a~ to la~r, be(ae they become deliaquent, and to deliver to the IiAorttatee on or Aefore AAarch t IS~h ot eacA year taa receip~s evideec~o6 the paYmeo~ ~~+i~ully ~apostd t~xes fw the precedin~ calendu year, to indceu~dy the ~ Mort~s~ee upon his demand ta all taxes, a.sesaments anJ char~es tAat may be assessed upon this monsa~e on the indebtedness ~ ~ cured hereby, aod ~+sid by the n~atsaset, ~~thout re~ard to aay I:r Aereto(ort en~cted or he[eafter to be enacted imposia~ pay-ment ot the wAole a any rott thtreot upon the AAott~aste. ~ (d) To psy ail and ainsulsr the costs, charses and expenses, ~nclud~n~ laryers' tee~ and abslrset costs ~easonably ~ncurred nr pa~d a~ - k any ume by the MortEs~ee because of the taAure on the part ot Ihe Mo~tpior to per(orm, comply with aad ab~de by each and erery the ~ st~~wlahons, a~reementc, conduions and corenants o( ss~d prom~ssory note and this deed. oc eitder, snd every such'paymen~ shatl besr ~nterest t~om Ja~e at the ra~e ot 1en 110'~) per centwn per annum. Ic1 (t is further corenanted and a~reed by sa~d p~rt~es that m the event ot a suit be~na ~nst~tuted to [oreclose tAis matp~e, the Mort- ~s~ee shall be ent~tled to spply at any hme pendin~ such fareclosuce suit ~o the coutt hav~n~ junsdiction thereot fot the appo~ntmem ~ of a receirer ot all and sinsular the ~nor~~a~ed property, and of sll rents. ~ecaees. profils, issues and re~enuea thereof, fros ~rhatsoever ~ .ource denrcd: and the~eupon ~t is hereby e~pcessly co•enanted aad ~~reed that the Court sh~ll (orthrith appoiot such rece~ver r~th ~ thc usual poaerc and duues of rece~~ers in like cases; and said sppo~ntment shrll be nude by the court as a matter of ~~rict r~~ht ~o ~ ~he Mor~iatce• and +'~~hout reference to the adequacy a inadequacy of the rslue ot the property Kereby m«t~aaed, or to tAe solvency ~ ~x insolre~cy of the Mort~atatx or any ofhet party defendant to such su~t. The Mort~s~or hereby specJically raires the n~At to ob~ect ~ to ~he appointment of a reeeiver a~c afaesatd and heresy eapressly conaen~s that such appointAenl shalt be made ss an adm~tted equ~ty and as a matter ot sbsolute riiht to 1Ae Mottp~ee and thst tAe same m~y be don4 ~r~thout notice to the Llott~asor. ~ If) If taeclosure proceediap should be mstituted ~pinat the aoa«r covered by th~s mottp~e upoo any other lien a cla~m ~rhethcr ~ .Ite~ed to be supenor ot junior to the hen ot this mortp~e, the Mortia~ee nuy at h~s optioe immediately upon ~nstituuon of such suu f a or durin~ the pendency thereof declsre this mor~pte aed tht indebtedness secured hereby due and psy~ble fathvi~h and may ai uti l opaon proceed to toreclose tA~s ma~~a~e. ~ That ~he Natt~siot oill keep all real and personsl propertY nor ot htrea(ter entumbeted by tht I~en o( eh~s matta~e msured as may ; ~ be required (rom uaee to time by the Mott~asee asaioat loss by Gre, wfeds~am and otAer hazards, usualues sed cmun~enc~es tur wch i ~ penods and la no~ less tAsa such amounta u m~y pe requued by the A/ott~s~ee and to psy praep~ly when due all prem~ums for such ~ ~nseuance. Tbe aiwuets ot iosunnce requued br Wt 6Aort~asee s6a11 be the mia?mu~o amoun~s (or w~h~cd s~~d insurance shall be rrr~~tee ~ ~nd ~t shall se ~ncua~ent upon the AAort~s~a lo esieuin seuh add~umal insutaece ~s auy be necessary to a~eet and comply (ully w~~M ~ sll co-mswance requrtearcnts cont~ined ~n s~~d pol~cies to the ead that the said Matss~a ~s no~ a ca~nsura thereunder.lnsurance ~ shsll be ~ntten by e tomp~sr or co~pan~ts sPptoved or des~aaated by the 5lorts~~ee and ~II polw~es snd rene~~ls mereof shall be Ae1J ~ by ~he Macp~ee. Atl detailed dts~~eateons by tho Mort~a~or Wh~ch are accepted by the Mott~a~ee and sll ssrttatnts betreen Mat~~sor ~ a~ Mort~a~ee rel~hn~ to ~nsur~nce. no~r ex~stin~ on c~res(ter made. shall be in vru~e~ and shall be a part o( tA~s mattqje a~teea~eat ~ is fully as lAou~h set torth verbatlm here~n and sAall ~overn botb parties Aerelo and tbe~r successors ~nd ~ssi{ns. No lien upon any ot s~id pol~cies o! ~nsursnce a upae any retund a retum pre~~um ~rhich may be payab{e oa the caneellation or tet~?n~t~on thereof, shsll ~ ~ be ~~ren to aher ~han tAe Mat{~aee, eaeept by proper endorsement a(tiaed to sucA pol~cy and approred by Mor~~t~et. Each policy nf ' ~ ~nsur~nce shsll hare affiaed thereto a Sundud Ne~r York Mortp~ee Cl~use .~lhout Conenbuuon, msk~ns all loss or losses under such ? ~ pohcy payable to ~Ae 111ottpjet as ~ts ~nierest euy ~ppe~r. le the e~eot aay sua~ a suas o! alooq? becm~c pslrable ~hereweder the ~1or~- ; Ea~ct shsll have the opt~on to rece~ve and spalY ~ saa~e on account ot ~6e ndebtednesa hereby secwed, a ~o perm~l thz \{nrtEaRnr 3 to rece~ve and use ~1. ar sny part thereot, without lhereby wa~v~n` a ~mpa~nn{ •nr equ~lY. I~en, w n~ht under and Ay rutue ot tM. F m«~~a~e. In erem of loss or pArs~cal dama~e to the n~ortsaaed pcoperty the Mortsssor shall ~~ve i~aed~~te nouce ~hereuf by rra~l t~~ ~ Ihc ~lurtp~ee +nJ ~he M~r~Ra(tee maY ~ke ~~~a( of lo~~ ~f ~hr .amc i. not made prumplly by tht ~lat~a~or. In evem u( tat~in.urt o( ,ti. - ~ ~ ~~39 ~2784 - _ ~ x`~~. - ~ _ ~ n.>~ _-~^.:~.r s~ r _ . , ~ s~~.