HomeMy WebLinkAbout1776 PROVIDEn, ALWAYS, that if the Mwt~a~ot shali pay unto the Mo~tsa~ee the indebtedness evidenced by a
rerlsin p~omisaory note of which the followin~ in worda and [i~uros is • true copy tawit:
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~4~tt~a~C ~~s~G ~
b 1,350.00 Fort Pierce, Fb~iJa Au~ust 28,
toR v~~.ltf: RFC:E1vF.t~ WE, jointlv and severallv, Pro~,;x N,y
t~~ the ordrr of LEON A, GERSON
~h~ princiNal ~um of QNE T~QUSAN~ THREE HUNDRED FIFTY 8i]Cl RQllQQ (~)LLARS, logelher with interert
thereun fnim date at thr. ~ate uf t~n percent, pe~ annum u~lil maturity, buth principal aod iutercst being payable in lawful mom•~~ u(
thr l`nited ~tate• at 'I.'~-4~ Ki.cayne Bl~d., ~1liami, Florida, or at such othe~ place as thc holdus hereof may deaig~ate in writi~.
~ Nrincipal and interext payable in installme~ts as followa:
THIRTY-FIVE ($35.00) DOLLARS per month beginning on the 15th day
~ of November, 1975, and continuing on ~he 15th day of each and ,
- ~very month the.reafter until paid in full.
Th~s ~ote may be prepaid in whole or in part afitr one yea~ ftom the date hereof upon payme~t of a penalty equivalent
tu ri~l~t p~•rcrnt of U~r. principal .~un prrpaid. ,
Eich in~tallmrnt payment •I~al) be rrcdited first on 1he interest due, and the remainder on princi~?al; and interrst shall thrR~
u~wn ~easr upun lhe principal w~•rrdited.
Tl~r maken and rndorxn of tlii.. nut~ further agrre tu waive demand, notice of nun• ~ayment and prote~ct, and in the event awit
-I~ell !.e brouqht [or thr cullrctlun F~ereof. or the same has to be collected upon demand o~ an attorney~ to pay ceasonable attomey's
fur making.uch cullectiun_
l)~ferred payment~ he~rund~r ~hall bear interrst at the nte of ten percent per annum Gom maturity until paid.
7'hi• not~ i~ Fecured by a rtwrtga~e~of even date herewith and is to be construed and eniorced according to the laws of the-
~tatr o( Florida; upon default in lhe pa~ment o( principal andlor in when due, the whole aum of principal and interrat
rrr~uining unpaid .hall, at the option of the holders, become immediat y d and payable. _
. • (SEAL) -
I ~ ~ f
(SE.1L)
Prrp~r~d by {~prler 8 Trndrich, Attorneyc - 2'240 Biseayne Blyd.. Miami, ' a _
and shall perform, comply with and abide by each and every the stipulations. agreements, co~ditions and cove-
nanis of said Ptomissory note and of this deed.~ then this deed and the estate thereby created shall cease and be
null and void.
1. The Mortgagor hereby covenants and agrees: _
(a) To pay all and siniular tAe principsl and interest snd other sums of money payable by vittue of sa~d prom~ssory note snd this
deed, or eitder, promptly on the d~ys respeetively the same severally becomes due. . '
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(b) To permi~. comm~t or sulfer no vraste a~d ~o ma~n~a~n tAc improvemeats at all ~imes in a state of ~ood repsir and conditioo, snd to '
do a perm~t to be done to ssid ptem~ses noth~n~ that will alter or chan~e the use s.wi a:n~~a~ic~ ~..5 r:.~.::; r.: :a i11jr rir llOpaff Of -
rreakcn the security ot this mortp~e. And in case of the refusal, ne~lect or iaability of the Mort~a~or to repsir ard maintain s~id proper-
ty. ~he ?lartp~ee may, at his opuon, make sucA tepairs or cause the same to be made, and adrance moneys in that behalt.
(c) To psy sll and ~insulu the ~aaes. assessments, lev~es, liab~lities, aed obli~auons o( every aature oa said described property estA ~
~ and evecy rrhrn due and payable accord~ns to law, betarc tAey becane deliaquent~ and to deliver to the 1~tort6atee on or be(ore Narch
ISIh of e~th year taa receipts ev~dencins the psymeet ot all lawfully ~a~posed ta:es tor tht preced~n~ uleedu year, to ~ndemmfy the
~ Mort~a~ee upon his dcmand tor all ~aaes, a.sesaments and cdar{es that auy be sssessed upon this mortss~e on the indebtedness ~
[ cured hereby, and ~+aid by tht mort~a~ee. ~~thout rtsard to any Isr heretofae enacted or heresfter to be toacted imposin~ ~ayment oi ~
€E the rAole or any vrt thereo( upan the Mortss~ea ~
! (d) To psy all and s~n~ular the cos~s, char6es and expeases. includins Is~ryers' (ees and abattact costs teasooably iacurred M p~~d at ~
~ any i~me hy ?he Morteabee becau~e o( tAe fa~lure m the psrt of the Mat~a~ot to per(orm, comply ~ith and abide by each and every tRe
~ st~pulat~ons, aereements, conduions and corenants of said praeissay note and this deed. ot e~ther, ~nd every such'payment shall besr ~
~ ~nurest trom da~e at the rate of ten (10'G) Der cmtum per annum.
(e) It u(urlher corea~nted ~nd a~reed br s~id p~rtiei t6~t in tAe eveat of e~uit bein~ iaslituted to taeclose tAis sartsa~e. We I~lott- ~
pice sA~ll se entitled to •Pplr ~t ~nr ti~e pendin~_ sYC6 foreelosure snit to We court b~ris~ jYrisdietim thereot !a the a~ointreat ~
of ~ rceeiver ot ~II snd sis~ul~~ tbe sortssLed ~ooertr. and ot ~11 roata. iaca~es. ~~ta. issues aad re~earea tbereof. fro~ fMtsoerer ~
sauce derired: ~ed thereuyoa it is bereby espreaalr coresanted ~ad ~~reeA tb~t tAe Cwrt ~11 fatAritl~ ~~e?iot iref receiver vith _
~Ae wwl oowera aad duties of receirer~ in like tue~; ~nd •aid ~~ointaeot sh~ll be ~de br We eowt u~ ~utter ot suiet ri~ht to
€ ~be Maya~ee. aad .ithout «tereaee to the ~deqwcy a in~deqwer ot tMe ~dne ot tRe ~opcrtr rerebr ~atp~ea. ar to tAe solveacy
~ or ieaolveacr ot tbc Yort{s~as at ~ny odiet ~rtr defeddaat to sucA suil. T6e MortN~or betebr ~Oseitie~llr ~~i~es We tisht to abjeet
~ to tbe ~ppointwent ot ~ receiver ~s ~(o~es~id ard berebr tipreutr eoaaests th~t aneh ~~t?iptsent sY~11 be ~sde si ~n ~itted equi~r
~nd as ~~tter ot ~bsol~te ri~ht w t6e Matp~ee ~nd Wat tbe aa~e say be doae ~rithone notiee to t4e MerW~or• ~
e
t (t) If tacNoswe proeesdiap sbouW be iastiwted wiut tbe OfOyCfly COr~~eA by fY1~ ~Ottj~~! Y~ i11y OOltt IitA Of Cl~il~ rAClAtf k
~ slle~ed to pe snoerior a juaior to tAe lies d tbii ~ya~e. We Mortaa~ee s~y at Ais ootios iredi~telr noon iastit~tiun of sucA s~it
~ ar dwia~ tAe oeadcoer t~ereof deelare tbia sortsa~e ~ed ~e~ ~.a~e~~~:. ,«~~a b«~sr atie .aa o.rable t«~h•ia~ aad w.r ac i~s
optiua orocFed to forecloae this eortNae. i
t- Th~t t6e 1/ort{~or rill teey all red aad pcrsmal ~ooerty ao~ or 6ereafter eacw~bered br t6e lien oI ttiis ~at~a~e ias~ued u o~y i
be required [ro~ ~i~e to tiwe bp the Yort~s~ee apinst losa br fire. ~riMs~arn aod otAer Aas~rds, c~swl~ies and coatw~eacies tor snch ;
e oeriods and [or ~ot ksi Waa ~ncM aeornta u M~ be required Ar tl?e Mortµ~te ~ad to ar po~plr ~rhee dYe ~11 ~ew~w~s ta ~YCh
~ iasunace. 7Ae ~soant~ ot ienr~ace req~ired er tYe Mortt~ise ~bdl be t6e wiei~us asants tor ~licb s~id ina~rwce aM~ll be ~rrittee
~ ud it sball be iacdwbest ~on tbe Mott~sior to Minta~ soeh ~dditioaat iaaYru~ce b py be aetessaty W~eet and cosphr f~ll~ ~itA
dl co-iesursnce require~eats eontained ia s~id oolicies to the eed tbat the s~id Mort{a~or is aa ~ caiasaror Were~ader.lnsur~nce
ah~ll be written by a ea~aer or copwies a~ro~ed or desi~aated br We MatiKas aad ~11 oolicie~ and reae~r~ls tAereo( sA~l! be Yeld
~ by U~e Mort~a~ee. All detailcd deai~utions by tie lfort{i{or ~rhicA ue aeetotcd br ttie Motyasee ~ad NI ytee~ests det~u~ Mion~~~a
~ ~nd Mor4yee rel~tin~ to iaaursaee. noi esiatins o~ 6ere~tter ~~de. dyll be i6 aities ~ad ah~ll be ~ wrt d ~ii~ ~tp~s yres~t
u hllr ~s thou~b set tort6 ~erb~ti. bueio .oe ,h.u w•~M so~ o.niss hereco aaa ~beir snccessors aad usi~ss. No lies .pos .ar of
~ s~ld oolicies ot inaursnce or noas .er ref~ad « rs~wn ~e•iw~ .hieA w.y se o.rable on ibe c.ecell.~ioa ar ~er.ias~ion ~Lereot. sb~ll
~ be ~i~en eo otber rh~n tbe MortN~ec. e:cePt ~r Otooet enAorse~tat ~macA to sYtA polity u~d ~~ored by Morys{et. Eac6 plicr of
~ iaa~r~sce ~hall ha~e dfi:ed t6ereto ~ Stawdud Ne~ Yat Llortp~ee CI~YSe ~iWout Coauibutioa. ~skiu~ ~11 loss o~ losses uader srch
~ Politr p~lrable to tbe Mottp~ee ~s iu ioterc~t s~r ~~eu. le t6e e~eet ~ap sYe a su~ ot ~oeey becowe Nrsble ~hereYnder the ~fon-
~ p~ee shall hare tbe optiaa to receive and ~optr tbe aa~e oa ucowu of Dc iadebtedness hereer sccwed. ar ~o oereit tAe Mor~~sea
to recei~t ~ad use it. ot aar an thereof. w~itAout tlerebr ~~iris~ a i~pairin~ tey equitr. liea. ot ti~ht w~det and br ~~ttue ot th~s
wortµ~e. le e~ent of loss a oArsicd d~mase ~o tbe ~ort~~~ed ~ooerty We Mortp~a sh~ll {ivt i~edi~te aolice thereof br ms~l 10
thc Mo~tq~ee and ~Ac t~lort~a~ee auy sate p~oof of loss if ~he ssa~e ~a na ~ude p~anp~ly br ihe ala4asa. Ia event o( taeclosae of
~ ` ' aoaK24~ PacE1776 ,
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