HomeMy WebLinkAbout0112 ' . ~ ~ ~Y~
PROYIDED, ALWAYS, that if the Mortgagor shall pav unto the Morigagee the i~xiebtedness evidenced by a ceKai i
promissury nute of which the foltowing in vvords and tigures is a t~ue copy to-wit:
~ ~a~-f~?~re ~'afe •
S , Qrt Pierce Florida Auril 10. 19
x
tf FOR VALtl~ RECEIY~p~~~_~ointly and severally promise co pay
( to ~he otder of GART UR A ,
the principal sum o( ELEVEN THOUSAND FIVE HUNDRED SEVENTY FIVE---- NO/100 pp~~,p~.
together with interest Ihereon from date at the rate of ten percent. pe~ annum until maturity~ both principal and interest being
+ payable in law(u) money of the United States at 2244 Biscayne Blvd., Miami, Flurida, or at such other plaa as the holders hereof
~ may designate in writina. Principal and interest payable in installments as (ollows:
~ TWO HUNDRED FIFTY ($250.00 DOLLARS
) per month begi~ning on the 15th. day
of_June, 1978, and continuing on the 15th, day of each and every mdnth
thereafter until paid in full.
Thu nde aar be prepaid jn w6ok or iu p~ut at aar tiee uPon W)~ent ot a peaaltr eqwl to ci~t peree~t ot We priacipal ws prepaid.
Fach irotaUmeat pa~eat ~ball be eredited Cnt os the iaterat drq snd d~e reeuinder on prine~al; a~d intuest ihall tbereupo~n eease upoa
! tfie prineipal so eredited.
I "[t~e ~aaten and eadwsers ot thu ~ofe (u~tl~er a~c to w~aive dp~and~ eo~iee o[ non•psYn~ent aed protat, and ia the erent auil ~hall be bro~eCht
for the edlcrtiao bereot. or the a~c I~u to be edkcted upoa de~nand ot aw attorael, ~ wr ~~d~ .~e«~r's tas to? makin~ such collecGoa.
Deterred paYa?en4 herewder ~haY bear interat at We rate ot tew percent per aan~s [roen maturitr ~nW psid.
i This note is secu~ad br a mortpce o[ eren datc hererrit6 aad is to ee tontn~cd aad eniorced aeeo~d'in~ to tlie laxs ot the State oi Floeida; upoo
; d~faull in the pa~~eeat ot principal awd/or interrst ~rhen dre. the w~4de wte~ of prini.ipd n~d iet t u d , at
~ hulders, beaY~ne immedialdy due and paYable. ~ UK ap~ of !he
i ~ ~
~ • t (SEAL)
~ Preparcd b~ Stanle~ II. Spieler, Aecorney- 2240 ~se,yne Blvd..liiami flori~la (SEAI,)
and shall perform, comply with and abide by each and erery• the stipulatians, agreements, conditions and covenants of
~ said promissory• note and ot this deed, then this deed and the estate thereby created shal! cease and be null and void.
~
~
4 1_ The Mortgagor hereby covenants and agrees:
la1 7u pai all and ~ingular thr prin.ipal end intrre.t and uthrr,um~ uf munry payahlr h~ virturc uf vid promi~wr~ rn~tr and this deed,
i ur rithrr, prumpqy un thr Jayx rrspect~~rly thr vmr srverally hecumrs dur.
E Ih? T~~ prrmit, commit or suffer nu H:utr aod tu mainiain the improrrmrntc ~t all timrs in a~tatr uf guud rrpair and cunJitiun, and tu do
ur prrmit tu Ar dune tu ~aid prrmisrs o~Nhing that µilt attrr or changr thr usr anJ rharaatrr oi caid propert> or in 3ny w•a)~ impair or
! ~+eaken thr ~ecurin• uf this murtgagr. And in casr of thr refucal, nrglrct or inrbility of thr \turtgagor tu rrp:~ir and ma~ntain ~aid proprrty,
thr \lurtgagre ma}-, at hic uptiun, makr wch rrpairs or causr the samr to hr madr, and advan.r munry~ in that behalf,
~ Icl To pa> all and singular th~ taxes. ~s~resments. Irvirs, Iiahilities, ~nd obligatiunc of evrr~~ nature un said describtd property raci~ anJ
rcrr~ ~chrn ~iue and pa>ebtr accurding tu I.7K, h~'(q(C IIIBf hPl'UfI1l' drliyurnt. an~ tu drlivrr tu thr ~fung~ger un ~~r before March 1 Sth uf
rarh yrrr tax rccripts r~•idrnemg the ~10)'If1ep[ O( ~II I:1N'fUII}' Ifi1~1/~Stt3 (~\BS ~Of Ihe precrding calenJar year,tu indrmnify the Alortgagre
~ upun his drmend for all taces, assr~smrn[s ~nd l'~1:1(~,'f1 that may hr a~secsrd upon ~hiz mortgagr ~~n thr indrbiedness srcured herrby, anJ
pa~d b}~ thr mortgagtr, Hithout rcgard tc~ ant la~a' hrtetufo~C rnactrd ur herraftrr to Ae rnactrd impu~ing pa~mrnt ot thr Kholr or anq
partthereuf uFx.n the \lortgagee.
~ Id/ I~~ pay rll and aingular thr c~rst~, chargrti and expen~rs, including law~rrs~ frrti rnd ah~trart cnsts reacunahh incurrrd or paid at an~
Lme h~ thr \tutt~2agrr hr.ausr ut Ihr tailurc on Ihr part uf the \t~~rtgagur tu prtfurm, a~mph ~~'i~h anJ ahiJe h~ rach and r~'er> thr
ctipulati~inc, agrrrmrn[c, cunditiuns anJ ~urrnantc u! wid prumi~+ur} ~t,~r and tliis drrd, i~r ri[hrr. and r~r~a such pa}mrnt shall bcar
~ntrrrst frum date at Ihr ratr uf tep ( 10'%) prr crntum prr annum.
` (r) It is further convrnantrd and egrc~d by said pattirs that in thr ~ven[ of ~~uit hring institutrd to foreduse this murtgagr, the \lort-
gagre sh~ll he rntitled u~ apply at am timr prnding such forcclutiurr ,uit tr~ Ihr cuurt hacing junsdicliun thrreof fnr the appoin[man[ of
a rccei.er ~~t all ~nd singular the m~~rtgagrd pruprrty, and uf a!I rrnts, inaumrs, pruTitc, iczurs ~nd revrnurc thrrrof, from whal~evrr
u~urcr Jrri~~rd: and thereupon it ~s her.b} e~prrssly cun~enantrd anJ agrerd that thrCoun ~hal1 furthNith appuint such rrrriverwith the
utual pr~cen and dutirc uf receiven in Gkr cases; rnd ~aiJ appo~ntment shall hr m~dn c~ thr cuurt ai a mattrr uf strict right to the Stort-
~ta~re, and aithuut rrfrrrncr to thr adeyuacy nr inadryuary of the s•alur ~~f thr pruprrt~ hrreby~ murtgagrd, ur to thr whrne~~ ur ina~l
'~rncy of thr \lortgagur~ nr any other partp drfrnJan[ tu ~uch wit. "ihe \lurtgag~~r hrreh} sprcifically «ai~rs thr nght to ~ib~rct to thr
' app~nntment uf a rrcrivrr ac efnr«a~d and hrrrb> raprrctily~ r~~n~rnlti rhat w.h :~ppulntment 1h~Q hr maJr ac an rdmittrd ry~~it} and as a
matter r~f rhwlutr ri~ht tu thr ~lortgagrr ~nd tha[ thr .;vmr m~}• hr Junr ~+ithuut noti~ ~ tu thr ~1r~rtgagur.
! (f? If fnrrctnwrc pr~~rred~rcg~ +huu1J hr imhiutril ~gainst the properry tnvrtrd hy [h~~ murtg~~er upon an~ ~~thrr lien or cla~m ~vhethrr
;~Ilrgea tu br suprn~x ~~r ~unior tu thr lirn ut this mortgage, the ~1~~r[gagrr ma~ at hYti ~~pU~~n i~nmrdia[rlc u~~n imtitutiun uf wch suit ~~r
Junng thc prnJrnry ~Arrcuf Jrclarr this m~~rtga~r and the inJrbtrdnr~s srcurrd hrrrhy dur snd prti~Mr f~~rth~cith and ma} at its optiun
prurrrJ to f.~reck~se this m~+n~agr.
(R) l hat the ~tort~cagur ~cill krrp all rr~l ar1J prrv>nal prupirt~ nuw nr hrrraftrr rn.umberrd h} thr I~rn ~~f this mortgagr insurrd as may
h~ rryuirrd frum timr t~~ Umr hy thr ~turtgegrr ~ga~ml I~~ss uf firc. ~cln~cu~rm ~nd nlhrr harard~, catiualtir~ anJ .ontingrnciet for wch
prriuJc and for nut Iru [han wch amuunt~ as may br reyuurd b~ [hr titurtgagrr ;~nd tu pay pruinptl~ whrn Jur -rN premiums for such
mwrancr. ihr emnurtts uf ~nsurancr reyuirrJ A~ the Jlurlg~grr shall hr thr minimum amounts t~~r «hich said inwrancr shall he w7itten
rnd it tihall ht incumhrnt u~in Ihr \Surtgagur ~n ma~ntain ~uch addiu~~nal imurrncr ac mn~ hr nr.r~~arp u~ mert -rnJ cnmpty fully~ N•iih all
.u inwrancr reyuKrments conta~grd in eaid M~Iicirc to the rnd that ~hr saiJ \turtgagor ic out a co-incuror thereundrr. Insurance sh~ll be
~~rrt~en b~ a rumpany ur :~im~+:~nirs rppruieJ ~.r dr~iKnatrd hy thr ~lnrtg~ger and rll p~hcir~ and rene~cals thrreof shall be held Ay the
~lnrtgaKrr. All drt~ilyd dr+~gnati~~m h~ ~hr \tnr[g:.g~rt Khirh arr ar.rptrd hq ihr 1~~~rtg~~rr anJ ~II rgrrrmrnts brtNeen ~lottgagu~ and
~lnrtgagrr rel~t~ng n~ imurancr, n~~~c r~isting ~~n c~reaftrr madr. sha(I hr in ~rit~ng and chal! h~ a part of this mortgage agrermrnt as ?uU~~
e, th~wgh ,rt fnrth ~rrbalim hrrt~n ~nd ch~ll goccrn h~~th partir~ hrreu~ rncf ~hrir succrtiwr~ and a..igns. Vo hr~ up~n any ot said policies
uf in~urancr ~~r up~n rn~ rr(und ~rr raturn prrmium Hhi.h ma> h¢ pa~rhlr nn thr rancclla[i~~n or trrminrtinn therenf, shall be given to
u~hrr th:u~ thr \t~~rt~Cagrr, ruept hq ~ruprr rnJunrm~nt aff~xrJ tu wch p~~tiry ~nJ apprnaeJ by \fortg~gee. Each poli.y ~~f insurance
~h,~ll ha1r affi~rJ thrrrtu ~ St~ml~rd \r~+ l~~rA \turtragrr l lausr «ithi~ut ('nntrihutH~n. meking all Nrcc ~ir lussrc undrr iuch p~licy
pa~~hlr tn th~ \1~~rt~Cagrr a. ~n ~ntrrr~t ma~ apprar. In thr r~rnt an~ wm ~~r wm. ~~f munr} herumr payah~r thrrrunJer the ~lortgagee
~ha0 ha~r thr ~~puun tu rrcrnr anJ appR thr .rme un acr~~unt nf thr.~nJehtrJnrcc herrhy tircurrd, or tu permit the Mortgagot to re-
crnr eriJ UtiC II, ilf Jfl)' ~J~I ~hrrr~~i. ~vrth~wt thrrrh} ~~alv~ng ~rr imp:~inn~ rna ryuitc. I~in, or right undrr and by' virtur of ~his mort-
~~gr In r~rnt ~~f 1~~,. ~a pln.~cal d~magr tn ~hr m~~rt~eagrJ nn~perty thr \br~t~.~gnr .h~ll ~tne ~mmrdiatr n~~ticr Ihrrr~rf by mail to thr
~I~~rl~Caerr anJ thr ltnrtgaKrr m.~~ m:~kr pn~~.[ nf I~r~. if thr .e~r.r nnt mrJr pr~r~~~~i ihr ~1~xlg~~~~c~rnt ~~f forec:<~sure uf
~1
~Q O V!!~i