HomeMy WebLinkAbout0979 {'Rl)\'It)F.11, •1l_MAl'ti, tha~ ~f ~h~ ~tuttgagut .h~ll pay un~~~ lhe \k~rtga~rt thr ~tiJebtednr~~ iviJrncrd hy a
ctrtain pnHni.~un nu~e ~~f wh~ch the f.~iluN~ng in N„tdc and figurc~ ~s a trut ~O~1V lA-N11
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s 5~525.00 _ Fort Pierce. Fk~riJa OCtOber 9.~ t~~ 75
FoR vAt.liE Rl:Cf.lYF.1~_. __._._WE~~ointly_ and severally_L_~ ~om;,,, ~~p,y ,
~h~ o~d~~ o~ GEO~tGE FRIEDMAN and MAItILYN FRIEDMAN. _his wife _
tl?' principal sum of ~IVE THOUSAND EIVE H~iNi_)RFn TWENTY-FZVE and L , togelhe~ with interrrt
~hee~n fwm date at 1he rate uf ten perrent, per a~num until maturity, both pri~cipal and interest being payable in law(ul monr~• uf
the Uoited >tales at ~44 [iiMayne 131vd., ~liami, Florida, w at ewch other place aa the holden: 6ereof may deaignale in writing.
Principal and intereat payable i~ installments s~ tollowa:
ONE HUNDRED THIRTY-FIVE ($135.00) DOLLARS per month beginning on
the 15th day of December, 1975, and continuing on the 15th day of
each and every month thereafter until paid in full. ~
This note may be prepaid in whole ot in part a[tet one year ftom the date hereof upon payment of a penalty equivalent
to rigld p~tccnt of the principal sum prepaid. ,
F.ach inatallment payment s:l~all be credited Crst on the interest due, and the remainder on principal+ and inten~t ahall thrrr-
upon ~easr upun the principal w credited.
The make~s and cndorsen: uf tl~is notr furth~r agree to waive demand, noticc of nun•payment and prot~t, and in the event i:uit
~I~all t,r brought [o~ the edlectlon hereo[, o~ the same hae to be collected upon demand o( an attomey, to pay reaeonable attorney'r
fr.r~: !ur making wch collectiun.
Defetrcd payments hetrunde~ chall bear intere~t at the rate of ten petcent per annum (rr~m maturity until paid.
71is note ia secured by a mortga~r~of even date herewith and is to be conatrued and enforced according to the law~o[ th~
~tat~ of Elorida; upon default io the payment of principal andlor inte~cst when due, the whde sum oi principal and int'rest
• rrmaining unpaid sha11, at Ihe option of the holders, become immediate due and payable.
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(SEAL)
--a~ ~~e- ~
~-~.,rr (SEAL)
Prepared by SpKler d~ Tendrieh, Attorney~ - 2Y40 Biseayne Blyd., Mia '
ar~J shall perfo~m, axnply with and abide by each and everv the stipulations, agreements, conditions and cove-
nants of said pr«nissory note and of this deed, then this deed and the estate thereby cteated shall cease and be
null and void.
1. The Mortgagor hereby covenants and agrees:
(a) To pay all and s~n~ular the prmc~pal and mteresl and uther sums of money payable by rirwe of said prom~ssay note and th~s
deed, or either, proa~ptly on the days respecN~~ely the same sevenlly becomrs due.
(b) To permit, com~n~t or su(fer no wsstt aod to an~nta~n thc ~mprovements at all t~mcs in a statt o( 6ood tepair and tond~t~on, and to
do or pera~t to ~e done to said prem~ses noth~ns thst W~11 alter or chan`e the use and character of sa~d property or in any wa9 ~mpau or ~i
rtaten We security of th~s mort~aae. And ~n case of tAe refusal, neslect or inability ot the Mortss6or to repair ar.d maintain s~id proper- i
' ly, ~he t~lortp~ee may, at his opt~oo, make such repaus or cause the same to be made, and sdrance moneys in that behslf, t
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f (c) To pay all and s~osular the uaes, assessments, le~ves. I~abJrties, apd oblipuons of every naWte on said destnbed property tach
f and evety When due ana payable acccud~n6 to hr, before ~hey become delinquent, and to deGver to the Mortaa6ee on or before MarcA
E ISth of eaeA year ua rece~pts ev~dencmg ihe paymeni a( alf lawfully ~mposeQ tar~es for the precedma calendar year, to mdemnJy the ~
~ A1at~s~ee upon his demand tor all taaes, a.sessmen~s a~xf char6es tha~ may be assessed upon th~s mortaa6e on the ~ndebtedness n~-
cured hereby, and paed ov mortEaEee, r~~~ou~ re6ard to any law heretotare enacted or hereafte?:o be enacted imposma ~ayment o:
t the rhole or any .+art thereof upon the StortRa6ee.
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(dl To pay all and sin~ulat the costc, charses and expense~, includms lawyers' fee~ and abstract costs reasonably incurred rx paid at
any l~me by the \tort6a6te becau.e ~~f tAe (a~lwe on ~he part ot the ~Iort6aaot to perfotm, comply wuh and ab~de by each and trery the
st~pula~~ons, a6reemen~s. co+M~uons and cuvenants o( said promissocy note and this deed, ot either, and every sucR"payment shall bear
m~ercst trom dale at the ra~t of ten 110:) pcr centum per annum.
f (e) It is 4rtbu eo~ea~.:'== and a~reed by said parties tAa[ in tAe erent of a auit bcin~ instiwted to toreelose this watt~a~e. the Ma~t•
~ p~te shatl be eatitled to spplr •t aar time pendins aucA focecloaure s~it to tl~e caut harius jurisdictian thercof for d?e appoiotaent
of ~ retei~et ot ~11 ~nd sin~ul~r the sor~q~~a aoanr, sod of ~11 rents, iecaaes. protits. issues and re~eaues thereot. hos ~hatsoever
sauce derired; aed thereupon it is herebr e~pteaalr coven~nted sad ~~reed ~b~t tbe Caut shall fortArith a~oiat soeh receiret ~ritA
1 tAe wwl power~ and duties ot ieceivers in tike cues; and aaid appointment slwll be aude br the court u~ matter ot strict ri~ht to
~ 1he Wonp~ee, uid vitbont reference to the ~deauacr or in~depu~cr of tAe ~~lue ot tbe property 6eceby so~t~ssed. or to tAe sol~eacy
or iasolrqer of tbe Mortp~ora or any otAet yuty defendant to aucA suit. The Mortsasat herebr specitic~llr ~aivea Ihe risAt to object
to ebe ~ppoiatsent of ~ receiver ~s ~faes~id ~nd herebr eipresslr conseata that sncA •ppoietaent s6a11 be ~ade ~s an ~dsitted equ~ty
~ed ~s a~tter o( ~bsol~te ri~ht W the 1/ortq~ee sod t6~t the same wr De done ~ritbout notice w the Mort{a~or.
(f) If toreclosure oroeeediap s6ould be iestituted ~~~inst tbe propertr corered by t6is oortp~e upon anr other lien o? cl~im w~hether
€ alle~ed W be superior or juaior to ~fie liee of this mortsa~e~ the Morta~~ee aur ~t his optioa imwediately upon institution ot such suit
or durias the peodencr thereof declare t!?is mort~aae and, the iodebcedneis secured herebr dne ~ed p~yable fotth~itA and m~y ~t its
~ oPtioa proceed to (o~eclwe tbis sortq~e.
Tbat the 11ott{asor ~ill ktep afl real ~nd person~i ptoperty eor ot hereaftet encumbeted by the lien of tAis sortaa~e insurcd as m~y
~ be req~ired froe time to tise by the INortsasee ~pinst loss by (ire, vindstaa and other hazards, c~swlties and con~in~encies (or such s-
periads ~nd tar aot less tLaa such ~aaunts as m~y be required by the Morts~iee and to p~r pro~ptlY whea due ~II pre¦~wes for such ~
~ insur~nce. The u~ouata d insnrance required br tAe Mort~~sec aA~ll be t6e etia~mure smowns [or rAicb s~id insrnace sAall be rritteu ~
and it shatl be iec~beat opoa tAe Morts~~ot to s~intaie sucb ~dditiaul iasurance as m~y be necessarY ~o a~eet and cosplr fallr +rith °
dl co-iasutanee requitt~ents eontaieed in s~id policies to the eod that the said Morts~~ar If AOt ~ t0.tAfYlOf UICIC{{II~C?.lnsurance ~
a6~11 be rrittee by s co~ar ar co~anies •pproved a des~~n~ted br the Alortsa~ee and all policies aad reae~sls tAeteof shal! Ae Acld
br We Natp~ee. All detailed desisn~tions Er t6e t~1~a~or rhicb ue accepted br d~c Ma~t~a{te ~nd sll ~{ree~eats Aet~een Morta~sor E
~ad Mort~ee relatin~ to insw~oee, no~i esi~tin~ w Aere~fter a~de. ssall be in ~ritiAs and sha11 bt ~ put d tAis ~tpse ~ireewent
u frllr as thoush set fatb verbatiw Aerein ~nd sA~ll ~orern botb arties hereW snd tbeir saecessors ~nd assi~na. No lien udon a~y of
s~ta oolieiea ot in~uranee or uoan snr re(und or retum ~esius ~6icA wr be p~7~bte on tAe cancetl~tioo a ternia~tion thereof. sh~ll
be ~ivea to wber tAsn the 6lorWSce, eaceot br proper endorscsent •ffixed to aucA poliey ~nd ~~o~ed sy Mat~~~ee. Each oolicy of •
iasor~aee s6a11 bart •ffixed tAereto ~ St~ad~rd Ne~ York Mort{s{ee Cl~nse rithont Coauibutioa. wkie~ ~11 loss ar losses under such
oolier arable to tAe Mottpiee •a i~s ~a~erest isay ~pOeu. In the ereat a~r suw a suss ot ~oney becowe pYable tAsreunder tAt ~lort-
~asee sAall h~rt Wt option to receire snd aoplr the snre oe account of 1be indebtcdeess herebr secured, or to peneit tAe M~xtjaEor '
to teceire an! use it~ or ~nr part thcreof, fitl~out tAerebr r~i~ina or i~qairin~{ ~ny eQuitr. liea. a ti{ht under snd by vulue o! th~.
wa~pie• In e~ent ot lass a physic~l dsma~e to the mortsa~ed property the I~lort~a~or shall ~ivt i~sedi~tt notice thereu( br ms~l n~
~ ~ht Mat~~~ee ynd ~ht Mort~a~ee iaay mske qa?f of loss I( the aamt ~s not made ptomp~ly by the tAatas~a. In event nf (ure~ln.u~e of
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aooK245 E~;,~~ ~74
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