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Home My WebLink About0291 f ~ ~ S ~ , ` ~ t ~ } - PRnV10En, ALWAYS, that if tTie No~t~asoc ahall pay unto the Ab~tjs~ea the ic~debtednesc evidtncrd hy a certain p~omiasc+ry note of which the followin~ in wotds aod fi~ures is a tcue copy tawit~ - _ . _ i ~o~tga~c 7~ot~ ? ; _4,~075.00 Fort Pir~rce, F•~~~ry~~J August 14, ~~~75 _ FUIt VALI'E RFCI~I~'EU I pro~ui.:r tu pay ~ tl~~• ~~dr~ LOUIS D. S~'I~FFE~ - - - - - ~~,r ~?~~~~~~~~~~I.u~n FOUR THOUSAND SEVENTY-FIVE and no 100---- ~~~~I.t.AR.~, co~Cih~r N~~~h ~n~r~r.~ thrrru~~ Gum dale al lhe ratr uf b•n prrccnt. ~r annum unlil maturity, buth principal ar~d iuterest k~eiug payablr in lawful mun~•~ uf ~k;~• l'nitrd ~tatrs at '_'3~ti Ki.ca~ne Blvd., ~liami. Florida, ur at such u1h~r place as the holders hcrcof may de+ignate in writing. 1'eincipal and interect payable in inslallmen4. a.~ (ollown: 4 EIGHTY-FIVE ($85.00) DOLLARS per month beginning on the 15Ch day ~ of October, 1975, and continuing on the,l~th day of each and every month thereafter until paid in full. This notc may be prepaid in whole or in part a[ter one yeat irom the date hereof upon payment of a penalty equivalent tu ri~6t prrrrnt uf tl~~• princip•rl •um prrpaid. t' f:a~h imtal6nrnt paymrnt ~I~all !,r cnndited fint on the intercst due, and the remainde~ on principa~: and intere~t •hall thrn~ ` uE~on rra.~r upun thr principal w~ cmdited. Th~ mak~n and rndon.•n u( t6is nut~ furthrr aKn•r to v?aivr. dcmand, noticr uf num`?aymrnt and protest, and in th~ event ~uit ,~1:III IM bruuKht for thr collretiun hrreu[, or the same has tu be collected upon demand of an alturney~ to pay reasonable attorney~, i'~•r> lur n~gki~~ ~uch ~•ullection• ' , 11~•fPned payment~ hemundrr ~hall twar int~rr~tal thr ~ate of ten pe~crnt per annum from maturity until paid. 7'his not~ i.c ~~urrd by a mortga~~~of even dat~ h~r~with and is to be construed ~nd enforced according to the laws oi th~ ~tat~ of florida; upon default in the payment of principal andlor intcrest when due, the whole sum oi principal and int~re~t rrmeining unpaid •hatl, at the optiw? of the holders, become immediate ue and payable. ~ I _ . (tiEAL) Prrp~r~d by ~p~rlrr 1L Tendn~h. A11orn~y~ ~ 22~10 Ri~eayne lilyd.. M1tiami, Florida - ~r~J ~hall perform, comply with and abide by each and every the stipulations. agreements, conditions aad cove- nants of said promissory note and of this deed, then this deed and thetstate theteby cceated shall cease and be null and void. I. The INortsaaor hereby covanants and a6rees: - (a) To pay all and f~n~ulu the principal aed interest and other sums ot soneY D~rible by ~irtue ot said prom~ssory rtote and th~s deed, a e~ther, p~omptly an t6e d~rs respectiwel7? tAe sase severally btco~es due. ' (b) To pera~it, camit or suffet no ~raate awd to ms~nt~in the improreeeab at all tises in a state of ~ood tepair and coadi~~oa, and to I do or pero~t to be done to said pam~ses noth~ns tAat ~~11 alter or chae~e the we snd chuacter ot said property oc in any ~ay ~apa~r or reaken the security of this mat~s~e. Md in c~se of the tefusal. ae~lect or ieability ot tAe Mo~t~sior to repaa aM saintain s~id proper- ~y, the Mortp~ec a~sy. at his opt~oo, e~ake sucs rep~~rs or esuse the sase to be wde. and adranee eaaeys ia tlut behalt. ~ lc) To pay all and a~u~ulu ~Ue uaes, sssessments, lev~es, liap~lities, aad oblisa~ioas ot e~ery oatute on ssid deseribed property each ~ and everr ~Aen due and parasle accordins to la+, before ther become delinauent. aad to deliver to tAe NoNia~ee ao or befae MarcA f lSth of each year tsx receipts e~idencins the p~yment ot sll Is~rtulty ioposed taaes iw tbe preccdius caleedu Year; to indemndy the ~ Matsa~ee upon his deiaand for all tazes, a.~csesamen~s and chsr~es tbst my be sssessed upon this ~eortss~e ow t4e iadebtedaess ~ cu~ed Ae~eby. and paid by tAe .art~a~ee, r~thout re~ard to aor larn c~retdort eoacted or 6ere~fter io be enacted ioposin~ asrisent o: E the .bole or anY ^art Wereot upoa tAe ?Mrtsssee. . i t ~ (dl To pay all and ainsular tAe coa~s, cAar~es and eapenats. includ~n~ lavpers' fets snd sbsu~ct costs teasonablr iacurted nr pa~d at any t~me hy the Mortassee becauce ot the (a~lure a+ tAe part ot tbe hlott~ssor to perforo. cosptr ~rith sod abide by esch and every the I shpula~~oas. a~reee~ents, cooditions and covcaants of sa~d proaissory note and ~his deed. or ejtAsr, and every such'payaent s6a11 bear ~merest Irow date at Ne rate ot ten (10'~) per crntwa pet annwa. ; (e) It is furlDer coveoanted and a~ted br sa~d p~tties t6at ~n the erent o[ s suit bein~ insuwted lo toteclose th~s e~orlsa~e, the Mat- ( p~ee shall be enti~kd to sppl~ at anr Iime pendin~ such toreclosure suit to tAe toun ha~in~ jnrisdiet~on thereof (or We appo~ntmcn~ } ot a teceiver o( ~Il.and siajnlsr We wort~a~ed propetiy, and ot all rea~s. incoaea. profits. issues and rerenues thtreof. from rrhatsoever ~ source denred; sad ~hereupon it is Mreby e:pressly covenaated aad •~reed t6at tAe Caut sh~ll torthwith appoiat such receirer r~tA ~he uswl po~er~ aad duties of teceirers ia lite cues; and ssid ~ppointeent shall be m~de by tbe coutt as ~~atte~ of stricl ri~ht to ~Ae Mort~a~ee, wd ~~tbout reference to the adequacy or inadequaer o( the ralue o( t6e propertr herebr mortp~ed. or to the solvency ~ a insolrencY ~ tbe Mortp~ars a any other party defendant to such suit. TAe Mortsa~or Aereby sPecitic~lly rsives We ri~ht to objeci ~o tAe appoiaieent of ~ retei~tr ss afotea~id ~nd hereby e:pressly conseats t6~t sacA appoinlsent sAall be ~ade as sn sdo~tted eQu~ty ~ snd as a eattet ol ~bsolutc ri~ht to the Mat~a=te and that the s~se may be done ~itAout aotice to the Ma~tp~or. ~ ~ tt) If (oreclosure proceediap sbould be iastituted ~s~imt the prooetty coreted by this eorttaie ~Von anr othet ~ien or clai~a ~hether •tle~ed to be supenot ar jrnior to the lieo d tAis Aottp~e, tbe Mott~s~ee my at Ais option imaedi~tely upon ~nstitut~an ot sucA su~t or dwins the peodency tbereof declare this ma[~a~e ~ad the indebtedn~ss seured bereby d~e ~nd psyable fatl~r~th and mar st ~~t ~ option proceed ~o forectwe tb~s ~tsase. ~ ; Th~t tbe Mortp~or ~ill keep all real snd personal property no~ a heres(ter encumbc~ed by tbe tun ot t6is ~ort~sse ~nsured as may ~ ~ be required trow tide to ti~c by ~he Wo~rtpsee apiaat loss by [ire. ~~adstone sad otber ha:ards. caswtt~es and con~~n~enc~es (ur such ~ ~ pe~~ods and iot not less Wae such aaaunts ss ~ar be requued by the Mort~asee aad to pay proeptlr ~rhen doe •II prem~was !or such + ° msuranct. The asounts of iasuru~ce reauired by Ihe 1Aort~~~te sh~ll be the siaisuo asouats fa ~rAich s~~d ~nsut~nce shall be wt~tlen ~ and ~t sh~ll be ~acuwbcat upoa the Mort~sta a Aainain snch ~dditianal insuaace as say be necessary to oeet and canptr (rlly ~uh sll co-~ns~rsnce requitearcnts con~aieed in s~id policies to the eod that the s~id Mortpaa is not a co-insuror thereunder.lnsurance ~ sh~ll bc rrit[eo by a eo~p~ar or compaaies spproved or dea~~nated by the Mort~~tee aad ~II policies aad reae~~la thereof sh~ll be Seld by ~he Mat{a~ee. All de4iled desi~a~tions by We Mortia~ot .rh~ch ue accepted br t6e Mottptee aad all yree~ents beareea Mort~a~or ~ and MorWiee rtlat~n~ to ins~r~ace, no~ eaistin~ on c~res(ter made. sbatl be in rrtitins ~ed sh~ll be a psrt of tAis satp~e a~reeweat E ss fullr aa tRou{A set fat6 verb~tis herein aad sAall ~overa boW parties hereto aad their sutcessors sad ~saians. No liee uoon ~ey ot ~ s~id poticies o( insur~nce a uoan sar retuad or retrrn pesiua ~Aieb ur be ~Y~ele oe 0?e c~ocell~tiao or tern~wtioe thereof. shall . \ r ~ be ~~vcn to otber rAan tbe No~~stee, e:cept bY oroper endorscwent •Ifiaed to sucA pol~cy and approreA br Mat{~{ee. Each oolicy of msYrsnce ahall ba~c aft~aed t6ereto ~ Staadud Ne~r Yak l~lort~s~ee Claust •~Wout Conuibuuoa, mskins ~11 loss ar losses under such pol~cr psY~ble to the Morlp~et ~s ~ts ~aterest nur ~pOear. la the erent aer swe or suss of souey becowe p~y~ble thereunder the ~fort- sa~ee shsll have ~he opt~an to rece~•e and applr tbe s~~e on sceount of 1be ~ndestedness hereby secwed. a 1o perait the ~xt~aEor ~o recc~~e and Yse or any put thercot, wit6out Ibereby .r~irin~ a iiopain~ aer ep~~~r. I~en, or n~ht under and by vu~rc of ~A~. ma~~ase. (n erent ot loss a pA7sical d+ma~e to the n~ott~a~ed poperty tht Mort{s~a shall ~fre ~m~sedi~tt notice Ihereuf by rt:a~l ~ ~he ~1~irl~a~ee ~nJ ihe MMtRaaee n+aY makc ~~H~f of ioss d thc samc ~c not made prwnptly Ar the Norta~~a. IR tvelll ~ Iutl~In~Ytt oI ~ ~ . ` . , ~ 60~~4~ PACE Z~ ~ ~ ~ ~,z~~, ; : ; i ~..r~= ~ ~ ~ , { y.~~~ ~