HomeMy WebLinkAbout0510 PROVIDf:f~, ALw'AYS, that if the ~lortga`or shall pay unto the Mott`a~ee the ~ndebted~ess evidenced by a ~
re~ta~n prom~.sory note of which the followin~ in wo~ds aod fi~ures is a truC copy to•wit~
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~43~A ~C ~G _
; 1, Q50_. 00 _ Fort Pie~-ce, F•~„~;~~;; _ Se~tember 20, _ 75 _
f1~H~'~\Ll'f:ttF:CEi~'N:I? _ WE~join~ly and severally,--- -~,~~~,,;,~~~~,a~
t~~ th~• urJrr uf ANNE M, ROSENSTEIN ' -
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tlir ~~rin~•ipal .um of QNE THQUSAND_EIFTY~nd---nn / 100 - -
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- - - 1)~11.I.ANti, tuKr.th~~r with interr>~
i t6r~~un ~~ulll /Idl~ 8l lllr fJIP of l~•u ~N•rc~nt, p~~ annum until maturity, bulh principal anJ int~vc.t IN~ing payablr in lawful mun~•~ uf
thr ( nitrd ~tatr~ et '~'.!•L1 Iti•~•a~ur lih:3., ~liatni, F'lurida, ur at ~uch utl~rr place a~: the hulden; hereuf may dw.ignate in writing.
!{'rincipal a~d intere~t payable in in.tallment. ai. fullows:
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FIFTY ($50.00) DOLLARS per month beginning on the lSth day of
November, 1975, and continuing on the lSth day of each and every
monCh thereafter until paid in full.
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Th~s note ma~• be prepa~d ~n ~~hole or in part a(ter one year from the date hereof upon payment of a penalty equrvalent
tu ri~ht p~•n•rnt of thr prin~•ipal ~um prr~~aid.
Ea~•h in~tallnwnt paym~•nt ~h•rll br rrrdilyd fiM un the interr~l due, and lhe remainde~ on principal; and inter~~t •hall then•-
u~wn rras.• upun thr princi~?al .u ~•rrditrcl.
Thr mak~n and ~~ndur~~•r. uf tlii. notr fu~th~•r aKrrr to waivr drmand, noticc uf nun- ?a~•ment and prot~•st, and in thr. event ~uil
~l~a0 br broukht (or tlu• rullrcNun h~r~•uf. or thr same h~c to t?e coll~cted upon demand o~ an atturney, to pay ~easonable attorney'.
f~•r. lur rn~kin~; w~•h cullrctiun.
Urfrrrcd paym~•nt> h~~rrunder ~I~all hrar intrrr>t at th~ nlr of tcn p~rcrnt p~r mnum irum maturity until paid.
~ ~ 7~h~• n~?tc is .e~•urcd by a rnortRaKe of e~•en dat~ h~r~with and is to t?e c~nstrued and enforced according to the laws o( th~
~tatr of Florida; up~n d~(ault in th~ pa~•ment of principal ancUor interest hen due, whole su princi 1 and inl~rest
I m~naining unpaid shall, at th~ option o~ th~ holders, t?ecome immediately~ paya
~ ~ _ ' /i~ ~G ~EAL)
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I -l~-'-'`~~ •
~ Nr~Wr~~~ t~y ~pKl~r K T~ndn~h. :1tt~xnry~ '~240 HGC~a~ne Hlyd., htumi, ~ida ~
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and shall perform, comply with and abid~ by each and every the stipulations, agreements, conditions and cove- ~
nants oC sa~d ptumissory note anJ of this dccd, then this dced and the estate thereby created shall cease and be
nuil and void.
l. The Mortgagor heteby covenants and agrees_
(a) To pay all and sm`ulat the prmc~pat and mterest and uther sums uf mnney payable by vutuc o( sa~d ptom~ssory note and th~s
deed, a e~ther, promptly on ~ht days cespect~vely the same severa:ly becomes due.
(b) To permu, canrmt or sutfer no uaste a~d ~o mam~am the ~mprov~rt~ents at alI hmes m a state o( 6ood tepau and eond~t~on, and to
do or permd to be done to said premises nothms that r~11 a1te~ or cdan~e the use and character of said ptoperty or m any ~ray ~mpau o~
vveaken the secun~y o( th~s mort~ase. And ~n case of the rcfusal, ne6lect or ~~nab~hty of tAe Mort~saor to rcpau aed mam~am sa~d proper-
ty, the Mort~aEee may, at h~s op~~oe, make such repaus or cauce the same to be made, and advance moneys ~n thst behalt.
(c) To pay al1 and cm`ular the taaes, assessmems, le~ ~es. l~ab~hties, and obli`ahons o( erery nature on said destt~Ded property each
and every When due and payable accordma ~o la., bef«e they become ddmqurnt, and to del~ver to the Mortpaee on or be(ore March
lSth of each year ux rece~pts ev~dencin6 the paymen~ of all larfully imposed taxes tor the preced~n6 calendar year; to ~ndemn~(y the
Mort~ssee upon h~s dcmand tor all taxes, a.sessments and chuses that may be assessed upon th~s morlaase on the ~ndebtedness i
cured hereby, and pa~d by the matEaRee, ~uAout rcsard ~o any law hc,ttofore enacted or Aerq(ter io bt enacted imposms payment ot
the rhole o~ any ~art therco( upo~ the Ainr~~~sea
(dl To pay all and smEular the costs, char6es and txpense~, mclud~ng laryers' fees and abstracl costs rqsonably meutred M pa~d at
Ij any ume by thc ~fa~~ta6ec becau~~ u( tAt ta~lurc on the par~ of the .ltatgagor to per(orm, comply r~~th and a¢idt by tach and tvery the
sppulat~ons, asreements, cond~t~ons and covenants ot sa~d promusory note and th~s deed, a~ erthet, and every such'payment sha11 bear
~ntcrest (~um da~e at the nte of ten I IIY~) p^_r cenwm per annum.
~ (c1 It is furUiu coren~nted ~nd •~eed by s~id p~rt~es tti~t in the event ot •!YI( btlRj ~11!(IfYICd l0 ~OfCCIOit Ullf OIOfI~~jt. the Irlort- ~
; p~ee sh~ll be entitkd to spplr •t any time pendins auch toreclosure suit to t6e COYft A~rlp~ JYf1~dICtl011 (IICf00I,~Of UIt ~ppOlOtOCAt
' of ~ receivtr of ~11 and sia~ular tAe mwl~a~ed ptopettr. and of ~11 reets, iecoaes, profits. issues and rerenuea thereot. froa rAataoerer }
~ source derired; aed ~hereupon it is hereby eap~easly coree~eted sad asreed t6~t tAe Court s6s11 farth~ith appoiot snch recciver ~ith
i tNe wual po.ers ~nd duties of receivers in like c~ses; ~nd s~id appoiatment s6rll be made by rhe court u a sutter of striet ri~ht to
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the ?lor~j~~ec, and vritbout reference to the adequacy or inadequacr ot the v~lue o( tbe pcoperty bereby mort~ased, or to the sol~ency
; w insolripty of the Alort~a~ors or ~ny other par~y detendant to sucA suit. The Mort~~~or herebr aPecifically a~ires the ri~ht to object
i to tAe ~ppointment ot ~ rceeiver as ~foasaid herebr eap~esslr canseats t6at sucA ~pOoiatsent ~h~11 be sade ~s ~n admitted equ~~y
,
~ and ss a s~tter of ~baolute ri~At to the 61«tja~ee and that tbe s~iee ~uy be done rri~hout notice W the A1ort~~~or,
(f) If foreclosure proceedia{s should be instituted a~aiest tAe propertr corered br this eortp~e upon anr oWer lien or cl~im ~rhether
alle~ed to be supenar a junior to the Iien o( ~is mort~~~e, thc Mort~~~ee ouy ~t his optioa i¦medi~tely upon institut~on of such suit
or durins the pe~dency thercof declare thia mo~t~~~e •nd the indcbtedneas secured herebr due ~nd p~yable forth~ith and may ~tits
option proceed to forec~ose Ihis mor~S~~e.
i
Th~t the Mort~asor rill keep all real and person~l proper~r no~r o~ herea(ter eacumbered by the I~en of tLis isortss~e insurcd as m~y
be required froa~ iime to tiiae by tAe Mwtsasee s~~inat loss by fire, ~r~ndstore~ ~nd otAer has~rds, caswlties ~nd co~tin~encies (or such ;
per~ods •nd for not leis tA~a •ucA aeaunts ~s s~r be required br the Mort~a~ee ~ad to pay pronptly ~Aen dre sll premwms fa such
ins~rance. TAe ~sounta of iaaur~nce ~equired br We 1~lort~~~ee sAall be 1he auniswe ~oouats (or vbicA s~id inswsnce ahsll be ~nueo
~nd ~t sh~ll be MCU~tAt Yp011 Hlt MOfIa~~Of l0 O~IA[al0 ltICA additian~l ieiurance as say be neceas~ry to a~eet and comply fullr ~iU
all co-insuni+ce requirements conhined in a~id policies to the eod that the said IAor~i~~or is not ~ co.insuror thereunder.Ins~~~nce
shall be vntten by ~ cowp~er or cospan~es aPproved or desi~n~ted by tbe Mortia{ae and ~11 policies ~nd reoe~rals tUereof shall be Atld
by the Matp~ee. Alt deuiled desi~n~tions Ay t6e Mort~a~or .hich ue accepted br Me Alortp~ee aod ~11 ~reeseats eet~eee MortN~or
•nd Marta~~ee rel~t~ns to iniur~nce, nmr e:is[in~ or Aere~fur made, sh~ll be in ~rritia= and sA~ll be ~ part of this a~artp~e a~reeaient
~s fully as thouah se~ fath ~erb~tim 6erein and ih~ll ~orern botA partiea hereto and t6eir suecessors aed ~asi{ns. No lien u~ ~nr of
s~id policies ot insurance or upa~ ~ny refund or retum presium ~hicb My be aY~ble on tAe csacell~tion a teroin~tion tAtreot, sh~ll
be ~iven to aher thsn IAe Mort~~~ee, eacept by poper endwsement •f(iaed to aucA policy ~nd ~ppoved by ~1a~~~~ee. E~ch policy of
in~~nnce aAall h~ve ~(fised thereto s St~ndud New Yo~k Mort~~~ee Cl~use rithout Coatributioo. a~akin~ ~11 loss or losscs under such
oolicy p~y~ble to the IMatp~ee •s i~s ~n~ereit iaalr sPpe~r. Ia the e~ent ~nr swa or suss of eaner becw~e P~yaAle thereunder the INort-
~~~ee sh~ll hare tAe op~ion to receive and ~ppty the s~se on ~ccount of tbe ~ndeb~edness Aereby secured. w to permittAc N~xtssaor
to recei~e and we it, a sny part tAereot, ~itAout therebr r~ivin~ or iwpairin~ .oy ~a~;~r, I~en, or n~At under snd by vutue o( th~s
mat~~~e. In erent of loaa or phraicil darna~e ~o the m~t~a~ed psoperty the Mort~s~ot sh~ll ~ive ~arned~~te nol~ce lhtreof by ms~! ~o
ihe Murt~~~ee arwi ihe Mn~tEa~ee msy m~ke proof o( los~ ~f tAe s~me ~s not made pranpUy by Iht Mort~aaa, In erem of foreclosure of
~ ~oU~~44 ~ 5~~
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