HomeMy WebLinkAbout0056 PROVIDEU, ALWAYS, that it the Murtgagor shatl pay untu the Mortgggee the indebtedness evidenced by a ceNain
promiswry note of which the tolluwing in wurds ar~d tigures is a true copy to-wit:
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53,150.00 Fort Pierce F~„~;a, Austust lI, .19~
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j• FOR VALUE RECEIVED p~omi~e to _Y
IRVING RUBiN, AS R STEE NDER T1iAT CER AIN UNRECORDED AGREE~~IT
~~~r~"AYAR INDUSTRIES ZNC. PENSION TRUST"
~ tht principal sum of 1'tiK~~ "1"t1UUSA1vU Viv~. iiui~~~~'~ TTTT!•
yn~u l lr 1 i _ ~~^n
L~,.. ui~i.i.~w~,
; tu ther with interest thereu~ from datc at the rate uf ten
~ 8~ percent, per snnum until maturity, both principal and intt~cst bein:
payable in taw~tul munrS~ uf tt~e United States at 22d4 Biscayne Blvd., ~liami, Florida, or at wch other place as the hdden hertof
may designate in N~riting. Principal and intercst payable in instaliments as folluvrs:
' SIXTY FIVE
($65.00) DOLLARS per month beginning on the lSth
day Qf October, 1978, and continuing on the 15th day of each
and every month thereafter until paid in full.
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This aWe may be prepaiJ in whde or in pstt al an~ time upun parmcnl ot a penally eyual to ri~t peeual o( tLe principal wm prepaid.
Each iroWlmeat paYmn~t ~hail be cnditcd first oa thc interest due, awd the nnnaindrr an pri~iMl; aad iwtered ~halt t6cre~ow aaK ~p~
the prineipal w eredited. _
~ , The maken snd ea~nen ui this note [urlher a~cr la Maire dayaand, nuticc oi non payment and protdt, and in the evrnt suit drp M bro~t
f~x Ihe cdlectian hereof, or the same ha• to t~e cdkcted upon demand of an auorney, tu pay reaaunabl~ atlu~ner's leea [or nul.in~ such edleeUp~,
j (kirtnd pa)mrnls M~rrund~r .h~lt (Kar intrr~~wt at thr nl~ ~~f t~n p~nvr~l p~t annw~t ie~nn nulurily unlil paid.
~ This nute !s ~cureJ b) a n~orl~a~r uf e~rn d.t~ ha~Mi~h aod r to be~ r~wlrurd and rnlorced accurdin~ tu the lawa ~~f Ih~ 51ate oI Flurida;upn
d~fault in the paymenl uf principal tnd'or intrrr:t wh~n due, Ihe Mh~A~• .~un ol pri~~cipal and inl~rrat remainin~ uwpaid ~hall. al tht uption u( the
holders. bec~xn~ immeJiatrly due and pa~ ablr. ,
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Prtpued b) titanley H. tipirlrr. :~Uixn~v-'~'.',N? IG.ca~n~ ILhJ.. ~fiuui Fl~riJa
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and shall perform, compfy with and abide by each and errry the stipulations, agreements, conditions and covenants of
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k said promicsory note and ~f this deed, then this deed and the estate thereby,cRated shaU cease apd berull apd void.
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l. The `fortgagor hereby covenants and agrees:
` lu pay all and ~ingular [hr principal end intrrr>~ anJ ~.thrr ~ums ~~f in~~n~y pa~•aM~ h~ ~~r[ure rif +~iJ p:omicuir~ nutr and this drrd.
~x rrthrr, prum~+tly uo [hr Jayc rrcprclicrly [hr .;~mr .r~rrall~ hriumrti dur. ' •
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! 1h? io prrmn, •ummit ur ,u(frr rwi «a~tr and tu m~~ntam thr impru~rment~ ~t :~fl times in ~~~atr uf guuJ rrpair and cunJition, an.l to dr.
ur prrmit [o hr Jurtt to said prrm~sri ~~othing that »i!1 altrr ur rh~ngr thr we and char3ctrt uf said pruprrtc nt in any way imp~ir ur
i ~~r~krn the srcunty~ uf thiti mortgagr. And in ca~r uf [hr refuwil. nrglrct ur in~hilil} uf thr ~fortga~eur t~~ rcpa~r and mrintain ~~id pruprrt~,
~ ~hr ~1~~rtg~grr may. at hi~ uptiun, makr ~u.h rcpair~ ur cau~r thr .amr t~r h~ madr, and ~d~ancr munr~s in that bchatf.
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i Ic1 lo E1J}' JII and ~ingular thr tax~s. a~~csmrnts. Ir~ie~, I~rhilitinc_ and obligati~inc of rvrry n:?;ure un ,aiJ Jrknhrd proprrty rarh ~nd
rvrr? ~ahrn Jur anJ pa~ahlr arcurding tu lari, bef~,rrlhe~ hrcumr drli.~urnt. and tu delivrr ta thr ~turtgager un ur brfurr \t~rch I S~h u(
j rarh ~rar ta~ recript. r~idenring thr paymrnt uf all IaNfulty ~mp~„rd taxrs fnr thr prrceding crlendar yrar,tu indrmnify thr \tortgager
upun his drmand iur a0 tatirs, a~crssmrnls and chargr. that may hr asce:~eJ upun this mortgage on thc indrbtrdnru securrd tterehy. and
paid hy thr murtgsgrr, w~thuut rrgard tu rny !aw hrre~ufurc rnactrd ~~r hrrraftrr to he enac[rd im~x~sing pacment of thr ~cholr ~x am
part thrrru( u~xrn thr 1lurtgagrr.
le11 1~~ pe~ all and ~ingular [hr coets, chargre ~nJ r~prn.r,, inrluJinR law~rrre' frr~ and ~h,traet rusts rra+~~nahl) incurrrd vr paid at ~n~
timr hy ihr ~lnrtgagrr beiau~r of [hr f~~lure un thr ~art uf thr ~lurtgagur [o prrf~~rm, r~~mpl~ arith anJ ahiJc h} rarh anJ rrrr~ thr
~[ipula[iurtc, ~grrrmrntti, aimJ~Uonc rnJ aurrnant~ uf vy1 prumusur} nntr anJ thiti drrd, nr rithrr, and rvrry wch pacmenl ~hall hrar
; intarrtt ftum datr at ~hr ratr uf Irn ( IU'f? per rrntum prr arnum.
Ir) 1[ is further cumenan[rd anJ rgrrrd by sa~d ~ururs that in thr rcrnt u( a~uit brmg imtilutrJ tu fureclu~r [hic nturi~;~gr, the \1~~rt-
gagrr ,hall hr rntrtlrJ to appl> at any~ timr prnding w.h forccluwrc ,uit t~~ thr cuurt ha~ing juris.li.ti~~n thrrcuf fnr thr ap~iintment uf
~ reieiaer uf al) and .ingular thr muttg~grd pruprrtp, rnd uf sll rrnt+, in.omrs, prufih, iasurs and re~~enue~ thercof, trom ~vhatu~errr
GIUfIC JrriczJ: and thrrrupun it is hcrrhp exprresl>~ cum~rnanlyd anJ agrerd that thr Cuurt shall furth~~~ith appuifit such rrcri~~rr wrth thr
uiurl p~wen and dutiec nf rrcri~rrc in like casr.: and .aiJ appuintmrnt ~hatt hr maJn c~ thr cuurt rs a mattrr ~~t strict right tu ~hr ~furt-
gagrr, rnd wdhuut rrfrrrncr ti~ thr adryu~cy or madryuac~ of Ihr ~alur uf thr pruprrt~ hrrrhy murtgagrJ, ur tu thr w~hrncy ur inWrl-
vancy ~~f thr S1ortK~d'~~s ~~r ~n~ nthrr party drtrndant u. ~uch ~u~t. (hr ~inrtgag~~r hrrehy sprcifi.alh wai~es thr riK~t ~o ~~h~rrt t~~ thr
~pp~~~mmrnt uf a rccrf~rr afnrrraid ~nd hrrrh} r~prr~sly cun.rnt~ that such app.~intmrnt sh~l1 hr ntadr a. an ~dmillril ryuit~ ~nil ~
mattrt uf rhu~lutr righ[ tu Ihr ~turt~tagrr ruJ ihat thr vmr may br Juar ~~rthuut nutUCr tu the ~1~~rigagur.
If~ If furrilutiurr pt~~crrJmg~ +huulJ hr intititulrJ atainst [hr ptuprr[}' rucrrrd h~ thi~ mungagr up~n am ~~thrr lirn ~~r claim ~chrthrr
rllrgeJ tu hr suprnur ur junior t~~ thr Grn uf this murtgagr, thr ~turtgagee ma~ at his uptiun immrdialrh uprn in~titutiun of surh suit or
Juring thr prnJrncy thrreuf declare thi~ mur[gaEr and [hc indrhtrJnrsc trcurrd hcrrt+}' Jur and payablr totthw~ith anJ may at its uption
pro~rad !~r furetk~se thi~ mutt~cagr.
(g) l hat thr >fortgagnr t~ill krrp ~II rcal :~nJ prr~~nal prnprrty n~iw ~~r hrreaftrr rncumDrred by the lirn u( this murtg~ge insured as ma~
hr rrywrrd fn~m timr umr h~ tht \~uttga~tre ~g~~mt In.c ~~f firr. ~s~nJ~turm and ~~thrr haiatd., cawaltie~ anJ cuntingrnrirx for tiuch
perH~d+ and for nw le~s than cuch am~~uMs a~ may hr rryuirrJ hy thr ~I~~rtgagrr anJ to pa}~ promptly when Jue all prrmiumsfor,uch
mwrancr_ ihe :~muunts ~if mwrance rryuirrJ hy thr ~tortgagrr chall he [he minimum amountc for Nhich wid incuraner chatl be w~rittrn
and rt rhall hr incumbrnt upon thr \lortgagur tn main[aio +urh adJihnnal in~urrncr ati may he nrce~sary t~~ mert and compl~'fully .~ith all
cu Incurancr reyuiremrntc cun[a~oeJ in viJ puli.~rc t~~ thr end th~t the wid t!u?tgagnr is nnt a co-inwror therrunJrr. lnsurance shall he
wtittrti h~ ~~umprn}' •~r a~mp~n~r~ appru~rd ~ir Jrti~gnatrJ hy th~ \t„rtgagre an~ alf p~licirti and tenr~~al+ [hrre.~( ~hall he hrW hy thr
~1r~rtKagre. :111 drtrdrJ Jr,~gnrt~um h} thr ~Inrt~~g„r ~ch~.h arr accrpted hy Ihr \turtgagrr enJ all agrrrments M1etNrrn \lortgrg~~r and
t1~~rtg~grr rrlating t~~ ~muranrr, n~ra r~~,Sing ~~r herraftrr m.+Jr. sheA he en w~riting anJ ch~ll hr a part uf this murtgage agroement as fully
a~ th~~u~th ~et tnrth ~rtbat~m hrrrin and sh::ll gmerri IN~th patt~ri h~reto anJ thrir wrcr~w~~ and aet~gns. tio lien'u{w~n any of s:?id pulicies
uf imurr~rr ur u~~n an~ refund nr rrturn prrtn~um ~~hich niaq hr payablr ~~n thr eanir0atii~n ~~r trrminati~~n thrrruf, shall hr gitien to
nthr~ thrn Ihr S1i~r[~ta~rr. rtccpt hy- pruprr rndnrsrmrr+t aff~irJ tv wrh pnGc~ and ~pntu+rd h~ ~turtgagrr. Each Fx~lic>~ ~~f irourance
tihall hrce aff~arJ thrrrt~~ a~h~nJard Vrw Y~.rk \1~.r~gagrr 1'lautr ~+rth~iul ('nntrihu~n,n, making all N~ci or lut~es unJer curh pdic}•
ps~~hlr t~~ thr ~t~rrt~c:~grr a. itc intrrr~t ma~ apprar. In thr r~rnt an~ ~um ~~r ,um, ~.f m~~nry hrcumr pacahlr thrreundrr ~hr tiurtgnger
.hafl ha~e :hr n~t~on tn rcir~cr ~nd anplc thr +~mr un ~ca+unt u( thr ~ndrhtrJnrss hrtrhy .tcured. ~~r tu permit the 11or[g~gur t~~ re-
.cnr .~nJ usr ~t. ~~r anc par[ thrrr~~t. withuut Illl'fl'F~}' NJIYIO~ or impair~n~ .m~ ryu~t~. liro, ur nght unJer and h}• ~irtur nf this murt-
raXr In r.rnt ,rf 1~~~~ nr phy.~.:il dem.~ir u~ thr nn~rtg+rrd pn,prrt~ the \1nrtK:~X~~r .h:~ll ~~.e immrdiatr n~~tirr thrrr~~f h~~ mail to thr
thrrtg~~rr :~qJ thr \inrt~;aKcr tr~:n m.~kr ~~n~~~f ~~f if thr ~:in~: h nul in.iJr pn~mpth h~ Ihr ~1~~rlg~Xnr. ?n ~~rN of furccbwt~ of
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