HomeMy WebLinkAbout0996 PROVIDEt~, ALWAYS, that it ehe ~brt=asor :hall pay unto the Mutt~asee tpe indebtedness ev~Jenctd by a
~ertain promissory note af which tho ~olluwin~ in wo~ds and [i~uces is a uue copy to-wit:
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'~JL~e~t9a;u ~~s~t ~
~ 7Z375.00 Fort Pierce. I'IOfl/Iil August 2, ~~~~_I~
FUR v:~l.t!E REC:E1~~EU WE~jointl and severall `
<<~ ~I~~ o~dr~ ~,t _ ISA DOR KORN AND
DYS KORN ~i s w e, v-' promue tu pay
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tl~~ p~in~~~?at ,um o( SEVEN THOUSAND THREE HUNDRED SEVENT~-FIVE aR~11.~Rl~~~u~r~h~•t w•itl~ iutrtr.~
thrreun Gu~n Jate at the nt~ uf tra F?crc~nt, per snnurn until maturity, buth principa) and int~rest Lring pa~~able in lawful ~nunr? uf
th~ lini~rd ~Iatr. at :3'.'.-1~1 lii.~•aynr Blvd., ~lismi, Florida, or at Fuch other place as the holde~ hercot may dcrigoate in writing.
~'rir ipal and interext payable in inxtallment5 as [ollows:
ONE HUNDRED SIXTY ($160.00) DOLLARS per month beginning on the lSth
day of November, 1975, and continuing on the 15th day of each aad
every month thereafter until paid in full. - .
This note may bt prepa~d in N~hole or i~ part after one ~car from the date hereof upon payment oC a penalty equivatenr
tu riK1U pet~•~•nt of thr prin~•ipal ~~on p~rE~aid.
Each installmrret payn~enl ~I,al) Le ~rrdited Gr~t on the interesst due, and thr remainder on principai; and interr.t shali ii~rn•-
upun r~asr upun thr principal w rr~ditrd.
Thr mak~n and rndonrr. of this nut~ (urtl~er agre~ to waive drmand, nutice of nom ~a~~mrnt and prot~~:t, and in th~ e~ent wjt
~I~aU lx bn~ught for ti~e eulircNun hereo[. oc the same har, to be coNected upon demand o~ an attorney. to pay reaaonable altorney'.
t~•r.~ fur making wrh ~•uArcliun.
U~f~rr~d payment. h~KUndc~ :hall beu interrst at thc ~ate of ten perce~t per annum iwm maturity until paid.
7'hi~ not~ ~~ecured by a mo~tgaRe ui even date herewith and ia lo be construed and en[orced accordinq to the laws of the
~(J(P of F'lorida; upon default in th~ payment of principa! andlor iatere~l when due, the whole sum of principal and interest
rrm~ining unpaid .hall, at the opticx~ oi the holde~, become immediately due and payable.
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W Y~PK~« ~ Tmdri~h. ltlnrntyc - 2'240 Hi~cayne W~d., Atiami,
anJ ahall per[~m, .comply with and abide by each and every the stipulati~s. agreemenis, conditions and covo-
na~ts of ~.aid promissory note and af this deed. thea thia deed and the estate thereby cteated shalt cease and be
nutt and void.
1. The Mort~asot hereby covenants aad a6rees:
(a) To paY all and s~n~ulat ~At principsl sad .interest ~ad other swas of moner paYablc by virlue ot a~id pomissotY note and th~s
deed. a eitber. praap~lr on the dsys respectively tAe sa~e sererally becoaes due.
!b) To permit, cosm~i a sYt(er no vraste aed to. aa~nt~~n 1he iaiproreseeb ~t all tiwes ia a state ot ~ood rspsir aad condiuon. and to
do a pers~t io be doee to aaid prae~sea noth~n~ ~h~t ~~11 slter or chsese tbe we ~ad chuactec o( ssid p~oper~y or in any ray iepair or
re~kce tbe security o( this ~tp~e. Aad ie casc d the retwal. ne{lett or iusbilitr of tbe Mortaator to tep~ir ~ud ~aiata~o s~id proper.
tY. tAe Natp~ee may. at his opUon, make sach rePa~rs ar cause the sssc to Ae yde. aad ~dvaace aoneys ie ~hat beh~lt.
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Ic) 7o p~y ~11 snd s~a~ulu We taaes, assessarcats, Ie•ies, liapilities. snd obliptims ot erery aatwe oa s~id deseriAed property escA 4
and eve~r oAen due ~nd paraele aecordin~ to Is~, befae t6ey Seca~e detia~peewt. ~nd to deti~er w tUe 1latsasee a? a befae ?Isrch
ISeh o! ese6 year tsa receip~s er~de~cias the ps~eat o( aU la+~fullr ia~posed ts:es (a tAe precedio~ caleadu Year; to iodemm(y the ~
Mort~a~ee ~poa his demaad tor all ~aaes, sssesaments anQ char~es tbat mar be sssesscd upoe ~his mat~a~e oa the iadebtcdness a~-
cured herebr, and psid by tAe wort~a~ee, ~rithou~ re~srd to aay la~ Merstdore eaarted or hereafter io Ae eweted imposin~ paymen~ ot ~
ihe rhole or ~nr ~att thereot ~poe t6e Ulart{asee.
(dl To psy all and sin~ular tbe costs. cbar~es snd expewes. inclndip~ I~~rpers' tees snd sbsu~et coses re~sonablr incuned ew p~~d s< <
any u~ae by the Mortp~ee because of tAe f~~lure aa the p~rt ot the Mo~lpaor to per[on~. cosplr rritb aad abide by eacA and e~cry thc '
ct~pulat~ons, s~reemeals, cooditions and corenaals ot siid poaissoty nott and this deed. or titAtt, and every sYCb'payment sssll bear
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mterest ro~ ds~e the ra~e ot ten /10S) per centuw per anawa.
(e) It is (urtAer corensated aad s~reed by said ar~ies tlut ie the event of s suit beiu~ iastituted to foreclase this mart~ase. the Mort-
p~ee sA~ll be entilkd to appl~ ~t ~n) Iia~e peadiu~ aucb (aeciosure svit to t6t comt iarit~ jwisdictioo tbertof Ja 1bt ~ppointmeo~
of s recei~er d~11 and sias~lsr tbe sat~s{ed ~openr, sad ot ~11 reats, ~ace~ea, ptofits. issues aod rerenoea tAertot. froe rhauoeyer . ~
.ourct denred: snd theteuoon it is Aereby tapresslr coreaseted ~ad asreed that t6e Caut shsll foreh~ilb ~pooiat sach receiver .ith {
the uswl po~rera sal duties of receivers in like casss; an8 ssid ay~e?intstnt s6s1) be s~de by tA~ court ~s ~*~ttt~ of stricl ri~ht ~o ~
~he Mor~pjee, aad r~tbout re(ereace to the adequacy o~ inade~~cy ot d?e •s~ue ot ihe v~oper~y berebr aa~p~ea. or to the aolvency
or ~nsolreucr of the Mortystors a any other party defendant ta such suit. The ~fartp~ot heteby specit~catlr ~aives tht t~sAt to ob~ect ;
to the appoinlattnt of a receirer as atores~id .~e n«eer ~:v~e:.ir conseats tAat such aopointaient shall be ~ade •s ~n adwitted equ~ty i
and ss a entter ot sbsolrte ri~l?t to fbe 1~Ior~~a~ee and that the swe wy be done wntAout aotics to ihe Mott~,asor, ~
(f) 1f foreclosure proceWio~s sbonld be iastituted a~~inst U~e ~sooettr covered br tAis ~ort~ase ~pw aey other lien or clano afiether
alle~ed to be seperior or junior to the litn of this eatsa~c. t6e Morep~ee ~esr at Ara option irsediately upoa mstilutio~ ot such su~~ ~
a dw~na tht pendtacy 16eteo[ dccl~rt t6is ~atsa~e ~ad tbe indebtedn'ss secured Aerebr due and p~Y~ble to~~h~ith snd maY a~ ~t.
optiaa proceed to taeclo~e tAis satsa/e. . !
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Th~t tbe Yo~~{a~or +rill keep all rtal ~nd personsl ptopcrtr oor ar heteafttr eecumbered by tbe I~ee of tAis Aalssre inaured as msy ;
be reqrired fro~ tise to tise by tAe 8lortsa~se asainst loss br fire, ~iadstaie and other hatards, C\SWItItS CO111111~t11C1lS ~V~ SYCh
periods anA ior not lesa U?~~ socA aoauats ss e~r be requuM Ar tAe Abtt{aaee ~nd to paY pranptlr ~rden due all prem~ums (or such
mswanct. Tbe ssoYnta of iw~raate requ~red br tbe Mott~~~ee stiall be 1be ~ioi~wa ~wounts foc ~M~cA said msarance sAall be wnuen ~
and it shsll se u~cwibe~t ~aoa tAe Llortsasa b~aiut~is suc? addiuoa~) iusnraace •s ~y be necessarr to meet aad canply fully ~ritb ;
•II co-insur~ace requircaeata cont~ined in said oolicies to the edd that d~e said Mort~a~or is nw ~ co-ins~rw ~Aete~der.lnsuraace ~
shall be nrittea br ~ cosq~ar a ca~paa~e: aOprored a deai~eated br tht ~fortsa~ee and all ~olicisa ae~d rsnetirals tbereof sAsll be Aeld
by tbe ~lat~ee. Aq de4iled deaisnstions bp ~ie yort~~or rh~cb ue acceoced bf ebe Mortq~ee sad all s~res~ents bet~eee Ulo~tp~ar t
aad MarWice ~el~t~ns to inaunace, ewv exiatin~ or Acre~fte~ in~de. sball be in rritin~ and ah~ll be a put ot this waya~e yree~eat !
as tutl7r as tAo~{b set forlh rerb~tiis here~n aod shall ~orern botA parties hereto snA tbeir srccessors sod assi~us. NO IIlp Y~IIp ~py pf ~
said policies of ia~wanct or rOaa s~ refw?d or repun prt~i~ ~6ieY waY se p~r~ble on tAe c~accUation or tcn~ieatiat trereof. shsll
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be ~~vcn to aAcr tbae tUe IfortN{ee. eaeept br proqer eedorscwent affiaed to srch pol~ey and ~~o~ed Ar Mlwip~ed. EacA aolicy of ~
~nsurance sbal! Aare alfiaed tbere~p a~t~adud Ne~ Yak Mortp~ee Cl~use ~iWout Conu~b~uoa. ~skins sll loss or losses uader such ~
polier psysble to tAc MottppE a~ i~s ~aierest s~y aPpsu. In tbe e~ent any sum o~ sw~s ot aioner becowe wysble ~hereunder tAe lbre-
sa~ee shall a~ve the ootiai~ to ~eceive aod apPty ehe sue ou ~cewnt of cbc ~edebttdeess berebr secwed. or to pe?~it t6e ~fnrt~a~or 1
to rtce~~e and 4se ~t, ot anr yatt tl~ereof. wiUout Wereby ~~ivis~ ot ipa~rin~ ser equity. (ita. ot t~~llt undet and br nttue o( lh~.
iwort~ate. In erent of lass or phys~csl daos~t lo the sott~a~ed property the Mott~aaa s6~11 ~i~e ~~an~edi~te notict lhtreof br ~r.ail t~.
ihe M~tp~ee ~nJ iAe Mor~Ra~et msY ~nak~ prcHrf o! to.. ,f ~he ~seie ~a no1 roade prvaipllY br ~he alo?t=s/a. !n erent nf tare~l..~ure ot
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