HomeMy WebLinkAbout0686 PROVIDEi~, ALWAYS, that if the hiat~a~ot shall pay unto the Mo~t~a~ee the indebtedness evidenced by a
certain promissory note ~i which the followin~ in words and fi~ure: is ~ true copy taw~t~ ~
'/~43~tfC I~O~G
~1,850.00 Fort Pierce Se tember 18 75
~ Fl~~rida P s ~y
h~?tt~~-~Ll'F:Itt:c:EI~~F:u--.--._-- WEz_jc~n~-and several_ly,-- -~--r?«,~~~~...i.?~~,.
~<<~ ~I~~•.,rdrr o( SOUTHLAND _DISTRIBUTORS OF TAMPA ~.__INC __PR~~~T_,sS~~~_PLAN Aj~T~~RUST
th~ prinripal .?~o~ QNE_ THOUSAND EIGHT HUNDRED FIFTY and noL10QwI.L.~RS, toge~hNr wiU? in~rrc.t
thrrrun f~um dalr at tlu• rat~- uf l~•n ~n•rnt, ~~rr annwn until matu~ity, buth principal aud intrrest tM•ing payable in lawful inu~~ry uf
thr l'nitrd ~tat~•~ at ~':t-1-1 Iti•cayn~• Kl~d., ~liami, FluriJ~, ur at .urh olFir.r place ~s thr holden hemuf may drvgnate in writing.
1'rinci~~al and int~re•t payable in in.tallmen4~ as [ollows:
FORTY ($40.00) DOLLARS per month beginning on the-lSth day of November,
1975, and continuing on the lSth day of each and every month thereafter
until paid in full.
Th~s note may be prepa~d in wholc or ~n part after one yeat from the date heteof upon payment of a penalty equivalent
tu ~•i~61 p~•r~•~•nt ~~f tl~r ~~rin~•ipal •uu~ pn•F?aid.
F:~rl~ imtallnu•nt paymrnt ~ball Iw• ~•rcdiled fint un the interr.t duc, and th~ remainder un prnicipal; and inlere.t ~hall thr~r- ~
upuu ~~•asr u~~un lh~• ~?~incipal w~•n•dil~•d.
Thr makrn and rndur~•n of thia nutr ~urthrr aRm•e tu waivr drn~aod, nuti~r uf nutr(~a} n?rn! and prote.l, and in t{te event suit ~
-hatl hP bruuKfii for t6r cutlrct
vn hrrrof. ur ihe same ha.. tu be cuilected upon demand ui an attorney, to pay reasonable attorney'r
frr~ f~r making wrh rullrctiun_
_ 1)rfPrrrd payn~rnt~ hemund~•r >hall brar intrn••t at t{~e rate of ten percrnt p~r annum frum maturity until paid.
7'hi~ notr i.• ~ecurrd hy a mortgaKr~of ncn date hemwith and i~ to t~e construed and en(orced according to the laws of th~
~tat~ of Florida; up~n default in th~ payment of principal andlor intere~t when due, the whole sum of principal and int~rest
rr~n~ining unpaid ~hall, at th~ option of the holde~, become immedialely dye and payable.
f~. ( _ ~ "
•
-~G~~ (~FAI.)
Pr~p~r~d by ~prler Tendn~h. Attarney. -'~I~10 Bisrayne lilvd., ~1liami, o?ida
and shall perform, comply with and abide by each and every the stipulations. agreements. conditions and cove-
nants o( said ptomissoty note and of this deed, then this deed and the estate theteby created shall cease and be ,
null and void.
1. The Mortaagor hereby covenants and agrees_
(a) To pay all and s~n~ular the peincipal and interest and other sumc o( money payable by vrttue of said promissory note and th~s i
' deed, or eitAer, p~omptly oe the days respectively the same severslly Aecanes due.
(b) To permit, caam~t or sut(et no ~raste a~d to mamts~n the ~mproreenents at all ~imea in a state of ~ood tepair snd cot?d~t~on, and to
do or perm~t to be done to sa~d prem~ses nothms that W~11 alter or chsn~t the use aed character of sa~d property or ~n sny ~sy ~mpair or
~rcaken tlie securRy ot this nartpse. And in rase ot the rotusal, ne~lect or ~nability ot the INort6a~or to repair ar.d mainuin said proper•
~ ty, the 6lartp~ee may, at his ophon, make such repaus or cause tdt saae to bt made., and sdwnce moneys in thst behsl(.
(c) To psy all and s~n~ular the taies, assessmenu, levies, I~ab~lities, and obliphons o! evsry naturt on ss~d described property each
aad every rAen dne snd p~yaEle accord~n~ to law, before ther becaae delinquent, aad to deliver to ihe Mott~s~ee on or before 1Aarch
! ISth o( eac6 year t~x receipts ev~dencros tht payment o( all law(ully ~mposed ta:es fw the precedin~ calendu yeat; to ~ndemmly the
~ Alat~a~ee upon his Jem~nd (or all taaes, a.sessments and chsr~es thal may be assessed upon this matss~e on the indebtednecs
E cured hcreby, and paid by the mat`asee, +ithout re`ard to any law heretotore enacted or heteatter io bt enacted isposins !?ayment ot
~ the ~rhoie or any vrt thereof upon the Mrnt6atee.
~
(d) To pay all and ~insulsr the costs, char~es and expenaes, mclud~n~ (~rryers' tces and abatract costs reasonably incurred or pa~d at
any t~me by the Atataa6ee becauce of the ta~lwe on ~he part of the Mort`asor to perfam, caaply r~th and ab~de by esch and every the
st~pulat~ons, ssreements, condu~ons and covenants of sa~d promissay note and this deed, or either, and every such~payment shall besr
interest [tae date at the rate of ten /IOS) per centum oer annum. -
(e1 It is fur~ba coreaaated ~nd a~reed by s~id oarties ~bat io t6e e~eot o! • suit dein~ iastit~[ed to toreclose this aat~a~e. tbe 1Aort.
N~ee sb~ll be eatitkd W apoly ~t aar tiiae pendiaa sucA foteclosure sait to tbe caut ha~ie~ j~risdietion theteot fa We ~ppoiatseat
of ~ reeei~er of tll and sinputu ehe sort~a~ed ~ooertr. and ot ~11 ~eats. iscawes. ~~b. iasrea ud rereaues thereot. fro~ ~A~tsoerer
sauce dcri~ed; aed there~yoe it i~ Aereby eapreaslr covesante0 sad ~~teed U?~t tbe Ca~ut i6a11 lortA~rith ~~oist src6 rettiret ~rith
ttie wwl oorrets u~d duties of receiven in like eue~; ~ed said ~~oiat~eat sA~ll be Mde ey t6e coYrt u a Mtter of sttict ri~l?t to
tbe Mort~~~ce. aad ~ithoYt re(creaee to the ~deqwcy or inadeqYaer ot ~he valne of t4e propertr hereb~ ~tp~ed. or to the solveacr
or iasol~secr o( t6e 1Aort{i~ors ot anr other ~arly defeedaat to sucA suit. rns ~«y.j~ eer~sr ,oee~re.~~r ..~.es w~ r~~e< <o oe~e<<
to tbe a~oiet.eat of ~ receirer as ataea~id ~nA bereby e:preut~r conseab tb~t s~cA ~~oiet~eet sb~ll be ~ade ~s ~n adeiued eauity
~ed as a s~tte~ ot absolnte ri~bt W the Mortpaee asd tAat t6e sue ar be da~e ~rithant aoticc W tAe HorW~ar. -
(f1 If fateclos~re ~ocstAinp iboaW be iastituted u~inst the proyettr eo~ered by tYi• ~ortp~e rooe aar otber lieo or clai~ ~rAetAer
•tte~ed to be anperior a jrnior to tbe liea ot Wia ~orya~e. We MatN{ee ~y ~t 6is optia~ i~edi~tely ~on institutioe of sueh snit
or duria~ tAe ptodtner 16ereof declate tAia sons~~e aad t4e iMebtedaeas saured Aerebr dre ~ad ~y~llt fatAritA ~nd eay ~t its
opioa ~ceeed to faecloae t6is ~tNie. ~
That the Mort~or ~ilt keeP all re~l uid oenoa~l ~ooertr ao~ a 6ercdte~ eacusbered br the liea of N~is ~ortiue iasured ~s s~r
e< «~;~ea t~o. ~a er w~ ~~.a~e .a.u+,e ~o.s er rue. ~rindston~ ~nd oWer h~suds. c~swfties ~ed contin~encies fot sach
oeriods ~ad far sot leai t6~p sncl~ s~ts ai My ee required br tAe Mott~a{ee ~nd to ar oro~ttr ~Aen dYe dl prteiu~a tot ~YCh
iworaeee. ?As ~~wnq ef ias~raace reqaired blr t~e Mort~~ee ~b~ll be t6e ~iau~ ~~oYms far tYicA ~~id i~arr~ase aA~ll be ~tittes
ud it sb~ll be iac~beat poe tAe Mory~~a~ to yietaia sncb ~dditimel iiu~ruee ~s ay be neeesssrr w~eet ~ad comoly (rllr ~itA
~II co-iesnr~nce rep~ire~eets coat~ined ia s~id oolitiea to tYe eed that the s~id Mortq~or ia aa ~ co.ieswor tAercYeder.InsYr~ece
dull be rritcse br ~ ea~ar or ca~w~u ~~o~ed a desi~eateA by tie Nort~a~es and all aoticies aad reae~~ls uereof sball be beld
b~ the Matq~ee. All deLiled desi~sationi by tMe Mort~a~or rl?ieA ue acccPted br ~Ae Morya~ee aad ~11 yree~eats bstweee Mo~t~~~a~
~aa Mor~a~ee ~el~tins to iosYrsnee. ao` eaistin~ a~ kere~(tet a~de. ~h~ll be ia nities aaA sball Ae a art ot tAis ~orya~e ~ree~eat
u f~llr ~s t6ou~M ~et ta1L terb~ti~ htreia ~eA sA~ll ~orern bot~ ~ttiss bt~eto aad Weir sotcessots ~d usi{as. No lien ~ooa ~ny of
sald oolioies of iaauranee or ~as ~er refw~d a~ rstwn ~e~iw~ w4ieb Mr be aY~blt oa 1he e~neell~tion or tetiieatioe [bereof. sh~ll
be ~iven to otber ~hsn tbe MortNSee. e,~~ea sr ~ooe~ e~+aa,~.~n~ .trs~a to sreh oolicr aad ~oprored br Mortp~ee. Each Policr of
ip~r~nce ~b~ll bavt ~(Csed there~o ~ Staedard Ne~ York Monp~ee Cl~we ~i~6ont CawtribYtioa. w~kiu~ ~11 loss d~losses under sucb
oolier ~r~ble to tAe Mottp~ec its ietcreit ~ar ~opeu. In t6e s~e~t ~sp sw~ o~ s~w o( woner betawt Mr~ele therew~der the Mort•~_
Ntee shsll Aa~e tbe oPtion to receive as0 •~Ir We aue oa aceawt of ~bs isdestcAneas 6eresr secured. a to oeroil tbe Mort~~~a
Io reeeire aad we it. or any Part ~hercof. ~itAont t~ere0r ~~i~ia~ a i~qairio~ .ay e~~~r, lien. or n{At w~der and br r~rtYe o( th~s
wat~a{e. [n e~eat ot loss a oArsic~l dasa~e to tAe ~ort~~~ed rrooertr IAe Mort~a~a sh~ll {i~e iw~ed~~te aaict 1Aerco( or ma~l to
tAe INonp~ec and ~he Ma~~s~ee wr syke poo( of tos~ ~f tAe aiee ~a no1 yde ~owotlr br tht 11ay~{or. la even~ of torecloswe of
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