HomeMy WebLinkAbout2552 PROVIDEn, ALWAYS, tha~ if the MwtEa~or shall pay unto ~he Mott~s~ee the indebtedness ev~denced by a
cetta~n ptomi~ao~y note of which the followiii~ in wotds and fi~utes is • t~ue copy tawit~
~4~~ ~
S 3~825.00 Fort Piers;e.;_ F'IuriJa A~> »Qr ly~.__
F~~R v.~I.I~F. HECEIVF.I~_ W~.~ j4311t.1~_~ns~ severa~s--- pwmi5e tu ~?uy
t~~ N~~ urdrr uf 1eLILLIAMSrRQQH._.BIICL.~I~?AI1L~~H.~-_~_9d~~_ --8~ttd_Re
th~ pri~~cipal ~um of ~}1R TNO 1S~ND EIG~}Il1NDR~D TWENTY-FI~_ IN)1.1.A togethe~ with intete~t~~
thrrcun frum date at thc nl~ uf Cen pereent, per annum until maturity, buth principal and iut~rcst being pa~able in lawful mon~•y uf ` .
thr lioitrd ~tatr. at '~'.'.-1~L BiK•ay~c (31~d., ~liami, Florida, or at such olher place as the huldeca he~o( tnay designate in writing.
1'rincipal and inter~~t payable in installments aa followss: ~
EIGHTY ($80.00) DOLLARS per month beginning on the 15th day of October,
~1975, and continuing on the 15th day of each and every month thereafter
until paid in full. ~
This aote may be prepa~d in whole or in part after one year from the date hereo[~ upon payment o[ a penalty equivale
tu ~•i~;lit prrc~•nt o~ the priucipal •um prrpaid. ;
E~ch imtallmrnt paymrnt •{~al) IK cn~dited fi~t un the intercst due, anJ the remainder un princi~?al; and intercrt r.hall thrn•-
u~~un ~•ra~.• u~~un lhr prin~ipa) •o ~•rrditrd.
Thr mak~n and rndon~•n of this nut~ furthr~ agrre to waive demand. nolice of nun- ?aymenl and protest, and in the event •uit
•hall I~r bruught for tl~c ~•ollrclion he~~eof_ or the same h~ to be collected upon demand o~ an altorney, to pay rea.conable attornev':~
f~•r~ fu~ nuking such ~•ollectiun.
I)rferred paymenl~ hrrrundrr ~hall brar int~rcxt at the nte of ten pere~nt pr~ annum from maturity until paid.
~ 7'hi~ not~ ~~ecurcd by a mort~aR~ ui even date herewith and is to be construed and~enforced according to the laws of the
~t•rte of tlorida; upon default in the payment of principal andlor inter~t when due, the whole sum oi pnncipal and intereat
rrmaininR unpaid shatl, at the option of the holdera, become immediately due and payable. _
C - ~~rl (tiEAL)
I 7 ~~I~GL ~ ~ . (SEAL)
Yrep~r~d by ~prclrr 2L• Tendrich. lttotneyc - 2'_'40 B~wyne Hlvd.. Mia ~orida . _
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and shall pe~form, c~xnply with and abide by each and every the stipulations, agreements, conditions and cove-
nants of said promissoty note and of this deed, then this deed and the estate theteby created shali cease and be ~
null and void. ~
{
1. The Mortgagor hereby covenants and agrees: ~
(a) To pay all and sin`ulsr the pnncipal and interest and oNer sums ot moneY WY~ble by rirtue o( sa~d prom~sso~y note and tA~s f
~
deed, or e~ther, pramptly on the days respectirely the same severally becomes due. F
(b) To permrt, caan~t or su((er no waste a~d to ms~num t6e ~mprovements at sll Umes in a sute of sood repair snd cond~t~on, and to
do or perm~t to be done to sa~d prem~ses no~h~ns thst vr~{I alter or chsn~e the use and chu~cter of said p[operty or ~n any vay ~mpair ot i
w~esken the secunty of this mo~i~a~e. And in case ot the retusal, ne~lect w~nab~lity ot the Mott~s6or to repsir ar.d mainu~n s~id proper- '
ty, the 61ort~a~ee may, at his opha?, make such repa~rs or cauae the same to be made, and adrance moneys in that behalf. !
~
f (c) To pay all and s~nsular the taaes, asscssments, levies, I~ab~6hes, tnd obli~auons ot erery nature on sa~d described property each i
f and every ~rhen due and payable acc«d~ns to Is~•, before they become delinQuent, and to deliver to the Mort~a6ee on or betae AAarch t
IS~h ot each year ts• ~eceipts evidenc~na thc payment o( att law(ully ~mposed taxes tor the precedm~ calendar yeat; to ~ndemmfy the
~ Mort~a6ce upon A~s dtmsnd ta all u:es, a.sesamen~s and charees that may be assessed upon this mortsase on the indebtedness
cured hereby, and pa~d by ~the matsasee, r•~thout resard to any laar heretotare enacted a hereafter ~o be en~eted ~mpos~n~ ~ayment ot
i the whole or any ~art thereo( upon the Mortpsee. . :
i (d) 'fo pay all and sin`ular the costs, char6es and expences, ~nclud~ns larryers' (ees and abstract costs reasonably incurred or pa~d at
any ume Ay the ~tataaaec becau~e o( the (a~lwo on the part ot the lNort6a~ot to perfocm, caoply .~~th aad ab~de by eacA and erery the ,
( st~pulauons, a~eements, coed~hons and covenants of ssid promissory note and th~s deed. or e~ther, and every such'payenent shall bear ~
g ~nte~est (~an date at the rs~e of ten O0'~) per cenwm pcr annum. !
~ (e1 It is turthu corea~ated and a~teed br said p~rtie~ t6it in the eveat o( a sait Eeiej ieatitutcd to toreclose this mortsa~e. ~he 1~{art- ;
~asee sh~ll be eatitkd to appty •t any Iise peodie~ sucA foreclosure suit to tbe cwrt havin~ jurisdietia? thercot for tAe appoiatweet ;
~ of ~ teeeiver of atl ~ed sin{ular We oat{a~ed p~o0erly. u~d ot al) reats. iecaaes. Orotiq. iisnei aad re~eauea thercot. troa rb~tsoe~er ~
sauce derived; aod tl~ereupoo it ia lterebr etpres~ly coveeaated sod a~retd that Ihe Cwtt ~hall tottAriW a~oiel anc6 receirer ~ith
~ tbe wwl ooner~ and duties ot receivets in lite c~~es; aod s~id ~~oiatscat s6a11 be Mae br tAe conrt ~s ~ wstter ot striet ri~Ut to
~ ths Mor~aa~ee. and ~rithoYt referenct to the ~deqwcr or iaadequacr of tAe ~aiae ot the property berebr mottp~ed, or to the sotreser
F w iasol~eaeY ~ thc Mortaasors or ~nr otbcr {Nrty Aefeedaat to sucb s~it. TAe Mottp~or herebr soecilieal{y ~r~ives Ibe ~i~ht to oAjcet
to tAt iopointmcnt of ~ teteivet ~s ~forea~id ~ad Aereby esptesair conaeata th~t snc6 ~oyointsent sAall be wade as ~n ad-iucd eauity
and ~i a wtter of absolute ri~ht w the Mortq~ee aad tl~at tbe s~ae ~r be doae vithoYt aotiee to the Mort~~sor.
~ (f) If toreelosrre ~oeeadiap aAould be iastituted a~ains~ tbe Otooertr eovcrtd by d~i• ~ortp~e ~ooa aor othet liea or cl~iis ~hetber
~Ile~ed to be superior or junior to tbe lien ot tAis oatsa~e. the NortaaKe aar ~t Ais oPtioe iyedi~telr roon iestitution of sucl~ snit
a durio~ the peMency Wereof decl~re this sortp~e ~od tbe iadebtedaess seeured Aaebr dut ~nd ~y~ble fathvitA ~nd iear ~t its
x
~ ootioa oroceed to foreclwe t6ia ~atts~~e.
~ (~1 Th~t tUe Mort~or rill keeP ~II re~l ~nd persanal proocrtr ao~ or hereatter eacusbered by tbe lien o( tbis ~ort~~~e insured as isay ~
~ be required how tiwe to tise by tAs Mort~ajee yainst Iws br fire. riedstam ~nd other h~z~rds. c~swlties tnd contin~encies (a such :
pertod~ and far not leia Waa ~ach ~eounu u~r be rcauired by the Mort~a~ee and to p~r pro~ptly rAea dre ~11 pem~uss for sYCh i
d inaurance. The asouou ot in~unnce reqnired br tbe Yorya~ee s6a11 Ae We ~iais~n ~so~ots for ~bicb said issYneee shafl be rnttee
~ aed it shall be incuMent opoa tbe Mortpsor to Miat~ia sueh ~dditioa~l in~rrante ~a ~ar bt aecessuy to ~eet u~d cosplr frllr ~rith
all co-iasur~aee reqnireseats cont~iaed in s~id oolicies to t6e eod that the s~id Mortp~ar is not ~ cwiasuror tbere~wdu.lnsw~nce
sAall be ~rittee br ~ co~~ar a ca~pu~iea ~~ro~ed or des~~aated br the Mort~~~es ~ad ~II policie~ ud reaer~ls tbereof sAall be Aeld
by tAe Mat~asee. All det~iled dcai~ea~ians er t6e Mort~a~or vhicA ue accepted br We IAorya~ec aad ~1! yreewents bet~.aen 1lorya~or ~
and Mort~asee rel~tin~ to insrr~nce. ewi eaistins at bere~fter w~de. s6a11 be ia ~rritias ~od sA~ll be s put of tbis aa~tp~e yree~eat "
~ u t~llr ~s tAou~h set fatb ~erb~ti~ Aereia uW ah~ll ~orere botb artits hereto aud Weir sneeesson ~sd asii~ns. No lien ~pon ~ny of
~~id policies of insursnee ar ~ooe asr ~efuad or retnro pre~iuw ~ieb ~r be ~y~ple on We e~acell~tion ar te~inatioe tAereof. sA~ll
~ . be ~iven to whe~ tRae tAe Mort~s~ee. excePt br prooer tadot~e~tat Jtiied to sucA policr ~nd a~pored by Martaa~ee. Eacb oolicy of
insir~nce sA~ll h~ve Jfiaed thereto ~ Standud Ner Ya~k Mori~a~ee Cl~we ~ritAant Coatribution, aukin{ ~11 loss w losscs undcr sYCA
oolicr ar~sle to tAe Mort~a~ee ~s its totcresi sar ~~eu. t~ the ereat aar suw ot s~s of eoaelr becowe ar~ble thereunder the Afort-
~ ~~~et shsll ba~e ~he optioe to receire and •oplr tbe s~~e on aceomt of t!t iadeetedne~s berebr secured. or to penuit the Ma~{aaw ~
!o recei~e ~nd we it, a any part thcreo[. without IAere6r ~~ivin~ or iwP~iria~ •ny eqnitr. lien. a naht under and by ~uWe of th~s `
~ wort~a~e. (n e~ent of loss or Obrsicd d~uuse to tAe ~.«~~.s~a ~o~«r ae ~~~.sa aA.ll ~i•e tswed~~~e no~ice ihereof er n~a~t ~o
the Mwt~~~ee and ~he M~x~sa~ee nar aske proof of loss ~f the s~~e Is not n~ade ptoa~p~ly by the 7Norti~sa. In even~ of (aecloswe of
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