HomeMy WebLinkAbout0825 PROVtDEn, ALwAYS. that if tAe Mo~t~a~ot sh~ll pay utuo the Mottsajee the indebtadnesa evidenced by a
certain p~amissory note of which the tollowin~ in words and fi~uros is ~ true copY tawit: ,
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s 2,325.00 _ Fort Pierce, f~~;~, February 20, 76~
Ml)N Vr~l.llE RE(:EIVF.t) ' I . pro~nix tu pay
t~~ th~ urdr~ u~ _ NAT _FRIEDI~IAN _ TRUSTEE
h~ principal ~~m of TWO THOUSAND TI~EE HUNDRED TWENTY-FIVE sc~d (
i~j
j~~~4, ~oAeth~r with intrrr•t
~~r~eun fwm Jate at the ~at~• ut teo perc~~it, pe~ annum until maturity, both princiE?al u~d iot~~c.l b+~iilR pa~~a61e in (awful monr~ uf
Ih~ Unitrd ~tate. a1 '.'.'~~t Ki.ra~~ne (31~d., ~liami, FloEida, ur at such oU~er place as the holdera hereof may designate io writin~.
~r4incipsl and interest payable in installments as follows:
FIFTY ($50.00) DOLLARS.per month b~ginaing on the 15th day of _
April, 1976, and continui~g on the 15th day of each and every
month therea£ter until paid ~L~ full. • ~ ,
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This note may be prepaid irt vehale or in part after one year from the date hereo[ upoa payment of a penalty equivaleni
tu riKl~t p~•n•rnt uf thr prinrij~al +u~n prr~?aiJ. , .
-f:~ch in~tallmrnt paymrnt .I~all be credited firsl on the intercst due, and the rcmainder on principal; and intem•t rhall lhrn•-
uE,un ~ra.•r u~~un thr p~incipal .o ~•rrditrd. ~
Thr mak~n and rndursrt~ of tl~i. nutr (urtber agn~e tu waive drmai~d, n~~ti~.r of nun-`~a}m~•nt and protc.t, and in th~• ~vcnt ~uit
-1ia11 FK brought [ot tl~~ collrction hereof, or the same has to be collected upon demat~d of an attome~r. to pay reasonablc alturney'.
f~•r~ fu~ making ~u~h cullectiun. ,
11~f~ned pay~ment~ hemund~~ ~hal) bear intem~t at the rate of ten pe~cent per annum (rom maturity until,paid.
Thi~ n~~te i,4 cecurcd by a mortgag~ of even date he~ewith an~ i.c to be construed and eRforeed accocding to the laws of the ~
~tat~ of I~'lorida; upon ~d~faull in the payment of principa) snd/o~ int t when d, o whole sum of principal and inlereat
rrmaining unpaid shall, at the option of 1he holde~x. become im d' due and yable. -
~ ~ 'EAL)
i ~ (SEAL)
Prepar~d by ~prkr 1'[ Tendrich, Attor~eys - 2'240 Bicrayne lqrd., Miami, Flaida
and shalt per[orm. _comply with and abide by eacb and evety the stipulations, aareements, conditions and cove- ,
nants of said promissoty note and of this deed. then this deed and the estate thereby created ahall cease and be
null and void.
1. The Mortsa=or hereby cov~nants and aarees:
(a) To par all and sin~ul~r the pnnc~pal and' interes~ and other swaa a( money paYable by virtue of said pramissory.note and this
deed. or eitber. proep~lr on tbe daYs respectivelY ~ saiee seversllr Eecanes due.
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lb) 7o peroit. coao~t-or ;uf(e~ no ~raste and ~o ma~nuin ~he improreseat! at all Umes ia a state of sood repsir ~ed condiuon. ~ad to E
li do a pe~~t to Ee dooe to ssid premises nothin~ th~t ~sell altet or cA~n~e t6e use ~ed c6~racter o! said property or in aey rsy ia~pair a
i +re~kee rhe sec~rity o! tAis o«~~ase. And in ease of the refusal, ae~lect oc iaability ot the Nort~a~or to repsu ~rd maintain said p~oper• ~
~ ty, the Mo[tp~ee m~y, st his op~~ou, ieske such ~epairs a csuse the saoc to be osde, and ~dvaoee aaoers in that behslt. ~
f (c) To psy all and a~a~ulu tAe ta~es, assessmenta, ler~ea, liabilities. and obliptioaa of every aature o~ ssid descriDed property each :
~ aad every rhoa due aad psyable accad~ns to larr, befae they becooe delinQuent, and to deliver to the Mostq~ee on oc before Marcb (
~ ISth ot sac6 pcar ua receipts ev~deacias tde payment ot sl! Iswfully imposed t~aes for.the precedins ealeadar year; to indemnifr We f
~ liAort~s~ee rpoo his demand for all taaes, arsessiaents aod ch~r~ea that say be assessed upon t6is mort~a~e on thc indebtedness x•• `
~ curcd hcreby, and ~?aid by the mott~s~ee, rr~thout re~ard to iey I~v heretofore ea~cted or hertafter io be eaacted isposin~ aayment of f
the .hole or any ~srt tAereot upon the Mortsa~ee. . `
To pay all and ~insular the cos~s, char~es and espenses. iacludin~ I~~yers' tees ~nd sbsuatt costs tessonably iacurted nr paid at ~ j
any iime by the Mortqtee becauce ot tAe f~~lure on tAe part o( the trtortpsor to perform. eouply ~rith aad sbide by tacA and every the ~ ~
s~ipu!atexss~ a~reements, conditions and corensnts ot s~id proeiissay note and ~hia deed. ot eitLer, aad every sucA'p~yisent sAall beu ~
in~e~est trae date a~ the r~te of ten UOL) per ceatus per anauw.
(e) It iu furd~a so~eu~ated u~d ~=reed by a~id ~nies tbat ia tbe sveat ot a srit bei~ isstituted to faeelo~s t~is ~t~e. tMe Ma~t-
~aaee s6a0 be e~titlsd w applr ~t ~ep ti~e osadie~ aueA (oreelw~re s~it to tYe cart 6arin~ j~risdietioe Wsreot for dte ~pooiot~cat
of ~ reeei~a a( ~11 ~ed aiaplu tkc so~tp~o oroosttY. ~ of ~ti~tseq. isca~es. ~~ta. usiees ~~0 eaveersa tAereo/. fro~ ~rluuoe•er
aa~rce dcri~ed; aed d~ere~yoa it is Aerebr eapteaaip covuuted ~ad yr~sd tY~t t1~ Ca~rt slall fottbrit~ ~~oiat ~n~Y recsi~e~ ~itA
tis rswl ~ers aad d~ties ot reeei~en ia liks ea~es;~ aad a~ia ~~oiet~ut sbll be ~ade er tMe eotrt u~~ttsr o( striet riaAt to ~
tLe Nort~asee. wd ~itYo~t re(ereeee to tAe adsvwcy or issdeqraer d tl~e ..w~ or ~e ~enr ~«er •w«s•a`a. or to ths sol~eaey €
ar iasolrea~y of 16e yortit~ors ot ~er olha ~attr de(eodut to sne! ssi4 T6~ Mort~~or bstebr sOseifi¢~Ilr ~~ivei 1!e ri~Dt to objest ~
to t4e ~~oiat~cwt d~ rscei~er u~toreuia asd 6erelp sapreaary caueats 1Yat a~e6 ~~oi~t*set ~lull be ~ade ~s ~e adwiued equitr
tud u~ ~tter o( ss~ol~te riaht ~o ~he Morya~ee u0 tAU ehe ~ua ~r bs da~e .ida~c aotke w tMe tilort~a~ar. ~
(t) It tareelwrre oroc~~diep abaW be is~tiwteA y~iast t~e Oro~tp eovered~bp 1~i~ ~atpse ryo~ uy omet liea or cl~is rAetber t
a11e~eA to be sroerioc ar jrsior to 16~t fien d tAis sorysie. Ibe Mottpsss w~r Ais o~ias i.weai~kly n~ou iaseiwiioa of sveb s~ii ;
~ ~ dwis~ tbe oeedeacr tiaeof declare Wis ~ep~e a~0 ehs ude~iedeea~ see~rsd ~asbp dre ~eA ay~ble fa~DritA ~nd ~r ~t its `
oDtiaa proeeta t~foaelese t6ia ~e~e. '
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~ Tk~t the Nort~or ~ill kteP dl red u~d peaaaal ~ooerty eo~ or Asreafu~ c~c~obered by t~e liea ot Wis ~at=a~e isswed ~s say ~
~ be reqrired [ra. w~~~ sr +k ~~s.~e .aa~:~ io,s sr rus. viadstors aod other ka:arda4 euwlties ~sd coatai~eaciea tw saeh `
oeriad~ aed ta aot kia traa sneA ~wo~r~t~ u Mr Ss rsenued by tYe Motyyse u~d t4 ~y Oto~tlr ~rbe~ Ire ~11 orewiwa fa ~YC6 ~
~ w~rc~ac~. 7bs uo~ata d irnruee re~ired y tYe Mory~ss ahall ba t~s ~iei~e ~eso~ta (or vAick s~id i~srrsses aluil{ bs ~rcitteo ~
,ea ,w.n be ~o. a~e rbc~.sar a ss~a~ s.~ .ae~uooai ~..~r..~. ,u ..r ee ~c~:a.~r w .ee~ .sa ~o.ay r.nr .~a ,
~ ~11 eai~srr~oee reqYirtwseta toauisel i~ ~~i0 ooliciea to tAe eod tMat Ws ~aid Mort~ya is w~ ~ eo-iswrot Uerew~der.laswasce
~11 be ~ittes bp s cap~er or caywias ~~ro~d or dcaipatd bp tM Ma~a{s~ ~~0 ~If pliciss aM rsM~Ns uureof shall de beld ~
b~r ~Ae Yac=asee. AH detailed 6esi~aatioas 6p tM Mort~aior w~Aie~ w ~ccepted d?e Morc~~ee aa/ dl yrsaKnta ~et~sea Mortpsa~ !
~wd Mo~t~uee'rel~tias to i~s~r~xe. soi 's~istin~ ar Yerea(te~ wa/~. ~0 be ie ~rieis~ ~y ~411 !e ~ Part d tAia ~ort~~e yrsewswt
u f~lly ~ho~yp ~et fatM nsrbati~ Autie aad sY~ll:~ersn bwY Nrtita Asnto ~ad ~Yeir ancces~ors ~sA s~si{~s. No lien ~piu ~ur of - s
~ ~ai~ ootioiss af iniw~scs ar ~ae asq retmd or rsan ~rc~i~ did Mr ~s ay~ble as tis ca~eeilatios or ten~iaatio~ thercof. sA~lt
be ~ivea to osAcr tAan t4e Maysses. s:esot Ap ~opa ce0orae~wt dfi:d to ~rd oolior ar.d ~hro+red Mp Matp~ee. EacA oolier of
i~a~r~ses a~ll A~~t affisad Utereto ~ Staad~td Ns~ Yotk Mortpps Cl~ws witAort Caetrib~tia~~ wakis~ ~p bss or losses rader such
oolicr ar~b{e to tbe Marep~ee ~s its ~OttfE~t yr.~~ss~. b tYs evsat ur s~ a a~ws ot ~er eeca~e Nrable tMetsYnder the Abtt-
{~ee sM~ll A~re the oPtios to receire ae0 •plr tM ~we oe aeco~t o( We iiWaOted~ess Aereyr secwed. ot to ocnsit the MatNSw
te recei~e ad we it. ~ asr o.r~ thered, witAan 16ereYp ~~ivi~~ ot iaPauia~ ~nr spiitr. lies. a ri~11e w~der ~ud br ~ittYt ot ~ls
aiwyye. U e~e~t of lo~s ar oMriicd d~~a~e to t~e ~otyaKa /tooerlr 14t Mat{~aat ~ll ~i~e inwe~i~te nwies thereof bp nu~l tp
ae Mo?yase~ .nd u~s Ma~a.see ..r w.te ~oof d loss it the s~we is aa .~de ~o.q~ly by ~he l~1o~y.aor. ln eveni of farecloswe ot
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