HomeMy WebLinkAbout0905 f'ROYIDF(1. :~I.NAYti. that ~f ihe \hxtgegur xhall pay ur?to the ~iort~a~rt the irxiebtcdne.~ ~viJrncrd b~ a
ctrta~n ptumtsa~~r~ nult wh~ch ihe folluwio~ ~n Nards aod f~~ures ~s a lrue copy to-N~t
~4~i~t~G 1~4~G .
s 1T425.00 Fort Pierce, tk~~N~:~ _September 4, ~y 76
FuR vA~.uf: Itf:c[:IVF:u._ ~ oin 1 and severall.~___ _ promi~ iu pay
a to the ~dr~ ot NAT FRIEDMAN TRU TEE •
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~~FK prin~ ipal sum o~ ONE TNOUSAN 0 HiJN R D ~~rta,_ togethe~ with intetr~•t .
' the~r.~n from date at the rst~ of ten prrr.ent, pe~ annum until maturity, both principal and iot~•re,:t lxi~~ payable in lawful moury~t
tithe l'nited ~tatea at Ri..rayne Blyd., 1liami, Florids, or at such othe~ placr aa the holderx hereof m~y designate in writi .
Principal ar~d interc~t payaWe in installmentb as fdlows:
THIRTY-FIVE ($35.00) DOLLARS per month beginning on the 15th day
of November, 1976, and continuing on the 15th day of each and every
~month thereafter until paid in full.
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This note may be ptepaid in ~rhule ot in patt after one.yeat from the date hereof upo~ payment of a penalty equival~t
to riKl~t prrr~•nt of thr princip~l rum prrpaid. , ~ " ~
F.ach in~tallm~nt pavment i:hall tx ~redited fi~t un the interest due, a~d the remaind~r un principal; and ioterrst uhall lhrrr-
u~n cesrr u~wn the principal w~•mdit~d.
Tlrc maken: a~d rndorsr~ of this not~ further agne to waive dcmand, noticc of nun• F?a~•ment and pn?trst, and in the event nuit
~1~~11 t~ bruu~ht for th~ ~ollection herco[. or the same has to be collected upon demand ot an attorney. to pay ceasonable attorney r
frr• [ur making •uch colleciion. '
t~ t)~(~rred payments herru~der ehall bear inten~t at the rate of ten percent per anaum (ru~n maturity until paid.
Thi.~ not~ a Eecuted by a mortp~~ of eveo date herewith and is to be construed and enforced ~ccording to the lawa of the
~tat~ of •Florida; upon default in the payment of principal a~dlor intueat when due, ihe whde aum oI principal and intereat
i mma~ning unpaid shall. al the option of the holden~, become immediately due and payabl
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Prep~rrd by ~prcler b Trndnch. Altorneys - 2240 Bieeayne Bl~d.. Miami, ' a
. anJ ~hall perform, comply w~th and abide by each and every the stipulations, agreements. conditions and cove-
nants of ~aid promissoty nute and of this deed, then this deed and the estate thereby created shall cease and be
null and void.
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1. The Mortgagor hereby covenants and aarees: ~
(a) To psy alI and ~in~ular the pr~nc~pal std ~ntetest and other swa.s of money payable by virtue o! sa~d pros~~ssory note aed tb~s
deed, a e~ther, powptly an the days reapec~ively tAe same severally becaoes due.
(b) To petmit, caamrt or suttet no vas~e a~?d ~o ma~nu~n tAe ~mp~orements at all umes ~n a sqte o( ~ood repair and eond~hon, and to
, do or pers~l to be done to said prem~ses nothm~ that r~ll alter or chan~e the use aod ch~t~cter of said property or in any ~ay ~spair or
reaken tNe secnriiy ot th~s mat~sse. And in case of ~he retusal, ne~lect or ~nab~lity ot the Mortssaor to repair ar.d euints~n s~id proper-
~y, the ?lor~~a{ee may, at his opt~an, mate such repaers or causc the same to be made, and adrance ma~eya in that be6alt.
! (c) To pay all snd ~m~ulu ~he taaes, assessments, levies. I~ab~hties, and obliphons o( every nawre oa said descnbed property each
and evetr ~rhen due and psyable accord~na to isr•, betore they becoane deliaquent, aod to del~ver to the Mortsa~ee oe or befote lilarch
1Sth o( eaeA year tsa rece~ptx er~dencm~ the payment o( all lav(ully ~mposed ta:es (or the prece6~a6 cslendu ytar; to ~ndemm~fy tAe
~ Matqsee upon Ais demand for all ~aaes, a.ses~menta and char~es tAat may be assessed upon this mort6s~e on tAe indebtedness
~ cured Aereby, and paid ~y tti~ mataa6ee, .i~hout retard to sey lar heretofore enacted or hereatter ~o be enscted imposm~ ~ayment o:
the shole or any ~art tAc~eo( upan the Alnrtaasee.
(d) To pay all snd s~n=ulsr the costs, charaes and e:penses, mcludms lawyers' fees and a~atnct costs ressonsbly ~ncuned ru pa~d ss
~ any t~me Ay tAe Mortsssee becau.e o! the (ailure on ~he part of the Mat~a~or to per(orm, cooply ~rith and abidt by each and every the
supul~uons, a`reements, cond~uons aod covenants ot sa~d promissay note and th~s deed, o~ e~ther, and erery sucA'payment shall bear
~nterest from ds~e a~ Ue rs~e of ten 110'L) Der cenwm per annum.
(el It is f~rlha cmree~:':= aad aaeed by said p~rties t4at in the eveat ot • suit beins iestituted to [oreclose this wat~a~e. tbe 61ort-
piee slull be eetitkd to ~pply ~t ser ti~e pendins sncA foreclo~ure snit to tbe cowt 6a~iea j~riidietiaa Wereof far tMe appointsent e
~ of ~ reeei~er of dl ~ed sia~nlar t6e ~ort~sted oropertr. and of NI reaa, ietasei. pr~ta, ius~es ~~d re~eares thereo~. Uo~ rhaqoever
~ soarce derivcd: aed there~Doa it is Aercbr ea~eaalr eoveaanted ~nd ajrasd tb~t tLe Ca~t sY~ll torthritA a~oist sneA ~eceiver ~ich
~ We nswl owrer~ asd daties of receivua ia lite euea: ~nd s~id •poin~aeai sh.11 be ..de br we coon u•..tcer of striet risht to
We MortN~ee. and ~itbant refereaee to the adeqnaey w ea~deqwcr d tAe valne ot tbe ~opertr Aerebr sort~ed. or to the solreacy
or insol~a~er of tbe Non~~ots or anr od~u {~rtr deteadaat to aneA suit. ~ne M«4,~o~ beresr ,o.e~re•ur ..~.es ~e r~~~ ~o oe~e« ~
to t,e ~pquintsent d~ receiver ~a ~facaaid ~nd Aereby eapressl~r coaseeta tA~t soch ~~oiataaal sA~ll !e ~sde u an adwitted eqritr
~eA a~tte~ o( absolrte ri~At to the Hortq~ee ~nd that tbe ~a~e ~r be doae ~?ilbout aotite to tbe Mort~asar. ~
(f) It toreelosere ptoce~dia{~ sAorld be isstituted aqi~st tbe oroperey eorered by this ~atpie uooa aer wher liea or cl~ini rbether
e ~Ile~ed te be snperior ar jwiar to t6e liee of t6i~ oortsaae. the ilart~a~ee wr .c e~. o~iae ~..eau~e~y ~a,~>>~~~oa or s~~e se~~
g a dwisj 1bt peedeeer t~ereof decl~re tAis sat~a~e ~ad tbe indcbtedness aecured 6aeby doe ~d ~r~btt fat6rrith ~nd rnar at its
~ oqiaa ~oceed to toreeloie t~is ~tsa~c. -
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T6at tbe Matsssor rill teeo ~11 red ~ad persan~l prooerty eo~r or Aeteafter eecusbered br t6e liea of this sa ~t~
; t~ase ~nsuree as Aay
~ be reqoired tto~ tiwe to ti~e by tYe AAart~asee apiwt loss br tire. vialstas asd otber h~sards. e~swlties and coatia~tacics for s~ch f.
periada aed ta sot ks~ tbau ~ucb awamts aa ~r be reqnired by the Alort~te ~eW to osr pra~ptlr ~Aen dYC ~11 pree~u~s fa ancA
~ iesrru~ce. Tbe ~~o~ats of imrrucs reqnired br We M~t~ajee sbdl be the ~isi~we asoYOta for ~tiid~ i~id iaser~see s6a11 be ~rtittea
E ~ad it skall bs iacwbe~t rpo~ tLe Mort~~~or to aialaie soch adAitiaaal iesirasee as ~y be aeee:s~ry W ~eet ud co~tr f~11Y rid~
~ ~11 co-iaaYrs~ee teqnirc~eats cont~ieed in s~id oolieiea to We end ~hae We s~id Mortq~ar is ew ~ so-iesYrar WereYSder.laseraace
I s6a11 bs ~rrittee bp a eo~~sr ar copwies sptortd or des~~eated br tbc Mort~a~s~ aad ~11 oolicis~ ud tsae~sls Wreot aball be Meld }
~ bp tYe Mortsaaee. All detailed deaipatims !y t4e Mort~a~or rhich ue aeecPted br me Yortia~ee ~ad ~11 ~rea~c~u bst~ses Iilorya~or ;
~sd Mort~ee tsl~tin~ to ~arr~sct. no~ eai~tini or bere~f~cr w~dc. ~b~ll be in ~rritiaj ~od sA~ll be ~ art of t~ii ~tp~e yteewcnt
u fallr as tboY{b set fat6 ~erb~tis Aereia asd ih~ll ~orern botA oarties hereto asd tYeir aneceaaon ~ed u~i~u. No liea ~oon wr o~ ~
s~N oolieiei a( insuraaee ot ~sp refYed or ratutn ~e~iu~ ~Yicb ~ar be aYable ae tAs eueellatiaa or tet~iutioa thetcol, sh~lt ~
be ~ivea to otAer tban tAe Moryasee. eacePt bp orooer endorsessat •ftiael to soe~ ooliey anA ~~ro~ed br Mori~a~ce. E~ch Policy of
iaarnscs ~6~11 luve ~(fi~ed tbere~o e Saadrd Ne~ Yak Mat~a~ee Clawt .itYont CoauiM~cioe. Mtins ~11 Ioss a losses under sYCh
oolier p~r~ble to tbe Mortp~ee ~i iu iatereit w~r ~~eu. Is tbs e~s~t uqr suw a sur ot ~onelr beco~e
p~ee sAall hare We ~1~s1e thereYeder the Nat-
oPtion to receire and ~oply tMe s~~e on ~eewnt of We isasbtedASSS Aere6r secured. a io oe~wit ~Ae N~x~~~Eor
~ to rceeire aa0 we it~ or aer p~rt thereof. witAont WereYr ~airiai or iwqairia~ ~ny cquity. liea. or ri{At undcr snd by v~~tYe of th~.
( ~tpte. Is eren~ of lo~s or obrsicsl d~sa~e to t6e awrt~~~ed property tAe Mort{a~o~ ~b~ll {ivt i~sed~~te notice tbereof by ma~l t.r
~ the Nwt~a~ee and ~he Ulor~~a~te ~sy wake proof of loss it ihe aaa~e ~s not ewde oromptly by the f~lort~~sor. n even~ nt fo~e~ln.~re o(
aooKz~ PACE ~O~
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