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HomeMy WebLinkAbout0655 ~ ~t.~.,, ~r.: PROVIDED~ ALWAYS, tb~t U tlwJMott~sjor ~iuU pU? uuto tbe Mo~t~yee tM Lid~bt~d~w erid~t~d by a catva . pwmiswry aote oI wbkh the Ioqowin~ in wocd~ aad ti~w~a b a true copy to-wit: ~ p ~,Jl.o~~~a~e ~~'~~~1~ ~ ~ S 6 27 .00 Fort Pierce ~'I~~i~a October 19~$_ ~ FOR YALUE RECEIVEU I prumise to p~y ~ ~ ISADORE FEINSQN ~11~D CONSTAIVC~ F~T"•~nra uTe r.iT~~ ~ to the orde~ of 1 SIX THOUSAND TWO HUNDRED SEVENTY FIVE ----------NO/100 DOLiARS, ~ thc pri~kipnl ~um ut tugether w•ith interest thereun fwni date at the rote of ten percent. pe~ annu~n until maturity. both principal and mterest being pay~abl~ in law~tu) monei~ ut 1he United Statrs at 224-3 l~isca~~ne Bl~~d., ~tiami, Flurida, or at such other place as the hotders bereof ~ ma~~ designate ia v?~riting. Principal and intcrcst payable in instaliments as follo~~s: ~ ~ ~E ONE HUNDRED TWENTY FIVE ($125.00) DOLLARS per month beginning ' F on the 15th day of December, 1978, and continu~.ng on the 15th day bf each and every month thereafter until paid in full. ~ • ~ s Thia nole maT be prepsiJ in whulr o~ in part at suy time upon paymeul of a prnally equal to ei~t perecnt ot tbe principsl ~um prepaid. z ~ch irotallmcnl _pa~mcy?t J~all be «eJilevi fint un U~r inl~re~1 Jue. :nd th,e rcmaioder w~ priuripal; and interest ~ha0 thereupun oea~e npoa th~ "ni~palsotredited. ' . i e makcn and eaJursen of lhis ~otr furthe~ aKmc lo wai~e demand. notice u[ numpaynxnt and prolat. and in the erent wit ~hall be brou~t 3 ~ f~x lh eoilation h~reof. ur lhe same has tu be edlected upuo dem~nd of an attornr~•. to pay reawnaWe attotaey's tees for duhin~ such e ecGoa (~rrtd payinents her~undcr shall bear intereel at lho ratc nt ten percrnt per annum irum maturitr until paid i This note is xcurrd Ly a mcxtKa~e ui ~~~n dalr hrr~will~ and ic !o be ton+tn~N! anJ eniurced aecordin~ lo the (aws of Ih~ tilale of Fl ; upon ~ d~•i~uU in lhe pa)~~~nt o( {xincipa~ a~Nll~.r N~trrc.l wl~rn du~. tt~e Mhde sum ui principal and iutereat Renainuq unpaid slull. ai the option o[ lhe hdilers. Metotne immadulcl)~ duc and pa) aW~. -1 ~ ISEAL) (SEAL) PrcpateJ by Slanlr~ 11. Spirkr, AlteKney- ~_t0 l+.ca~n~ IIhJ.. ~liami FyuriJa and shall pedorm, compiy with and abide by each and every the stipuLtions~ sg~eemeats. oonditions aad oorenants of said promissory note and of this deed, then this deed and the estate thereby created ahaU case and 6e nult and void.: 1. The Matg~gor hereby rnvenants and agees: ' ; (s) To pay atl and sinfular the principal and interest and other sums ot money payable by virture of ssid promiuory note ~nd this deed, ~ or cither, promptly on the days respedively the same sevcrally becomes due. } (b) To permit, commit or sutfer no waste and to maintain the improrsments at aU times in a state o( ~ood repait and conditan, and to do or permit to be done to said premisss nothing that wiU alter or chanse the we and chuatter ot uid property or in any v~ny impair or ? weaken Ihe secutity of ~his murtga=e. And in csse ot the tetu~l, ne~lett ot inability~oi the !+{prtp~or to repatr and maintain s~id property. ~ the Mort~ssee may, at his option, make wch repavs or cause the same to be made, ~nd advance moneys in that behalf. (c) To pay all and sin~ulu the ta:es, sssessments, levies, liabi~kies, snd obliptans of evay ruture on said dpcribed proputy each aad ~ every when due and psyabk accordina to law, before tAey become detiquent, and to deliver to the Mort~afee on or before Msreh 1 Sth of i apch ytar tax receipts evidrncin~ the payment of all lawfully fmposed t~xes tor the precedio~ ukndu reu;to indemnitr the Mortp~ea ~ upon his demand for all ta:cs, assessments and char~es that msy be assessed upon this mo[t{ue on the indebtednas secured hereby. ~ad ~ psid by the mortsa~ee, without re6ard to any taw hcretoforc enacted or hereaRa to be eaaded imposi~ paYment ot the whok or aay ~ part thereot upon the Mortp~ee. ~ (d) To pay sll and sinsulu the oosts, cAar`es and a:penses, includin~ Iswyen' fees ~nd absiract oosts reatoaaby incurred or paW st any ~ time by the lNortsatee benuse ot the tailurc on the part of the Mort~s~or to perform, comply v?-ith ~ed abids by acA and e~rery~ the ~ stiputatiom, s~reemrnts, rnndit~ons and corenants of said promissory note and this deed. or eithet, aad evur sud? p~yment s6sU bear interest from date at tAe rste of ta+ (10~) pet ceetwa pet annum. ~ (e) It is further comenanted and s~reed by said parties thst in the event ot a suit bein~ instituted to toredo~e thit mortt~e. the Mort- ~a~ee shall be entitled to apply a1 any time pendin` wch torsclosure wit to the court harin~ jurisdi~~tion thaeof for the ippointment ot a receirer of all and. sin~ulu the mortpsed property, and ot all rents, inmma, protits, issues aad reveaua thereot, fwm whsttoerer source derived: and tAereupon it a haeby espressiy comreaanted and qrsed tdat the Court shall tortMvith appoiat wch rbceiver with tAe usual powen and duties of receiven in ~like csses; and said appointment shaU be maAe br the aowt ss ~ m~tt~t ot sttiet ri~ht to the Mort- p~ee, and without reference to the sdequacy or inadequscy ot the value ot tde prop~ettr herebr mort~ed, or to the whreaey or insol- vency of the Mort6a~on or any other puty defendsnt to iuch wit. The Mort~a~or haebr spocitic~llr w~ires tAe ri~ht to objat to the ~ sppointment of a receirer as aforessid and hereby eapressly conaents tAat such sppointment s1uU ~e made ss ~n sdmitted puky and • matter of absotute ri~ht to the Mon~ajee and tlut the same may be done without aotice to the Mort~qot. - ~ (n If foreclosu~e proceedin~s should be instituted a~ainst the property mvered by this monp~e upon ~ny other liea or claim whether ~ _ allescd to be superar or junar to the lien ot this mort`~~e, the Mort~s~ee mar at hb optfon immediatelr upoa iastitut'aa ot such suk or durin~ the pendency thereof declue this mort~a~e snd ttx indebtedness xcured hereby due snd psrsble forthwitA and auy st iU option ~ proceed to forecbse this mort`a~e. ~ (j) That the Mort~ssor will keep all re~l and peraonal propMr now or hetesRer enLUmbered by !he Gen ot thb mott~a~e wsured u m~y ~ be reQuired from time to time by the Mortp~ee apinst bss ot tire, windstorm snd other hatards, caswltia aad oontinseneies tot sucd periods and for not leu than such amouats as may be requ"ved br the Mortpiee snd to pay promptly wheo due all ptemiums for such ti iniursnce. The amounts of insurance requireA by the Mort~ee shdl be ths minimum amounta tor which s~id insunncs thW be written ~ anA i~ shsll De incumbent upon the 141ort~or to msintain wch addilional insunnce as mar be oecwary to meet and complr fully with all V oo-insunnce requgements mntained in saZd policia to the eod tAat the uid Mort~a~or is not a oo-iwuror thenunder. Inwrance shdl be ~ written br a rnmpanr or oompsnies approved or desi~nated br lhe Mort~ee and ~II polkies ~nd reoew~b thet~of ah~H be AsW. bp tbe ~ Mort~a`ee. Atl detaikd desi`nations by the Mort`a~or which ~re ~ccepted br the Mortp~ee and ~II ~ttlllllAff b0lW{!A MOff~Ot ~Ild " MoN~a~ee relatins to insunnce, now exiatin~ or hereafta mde, shatl be in writin~ and shaU be ~ part ot thb mort~e aframeot u tuUy ~ as thou~h set fortA verba~im herein ~nd shaU ~overn both pania baeto and their succes~on ~ad afti~ns. No lie~ upon anr ot oid policles ~ ot insunnce or upon any retund or return premium which msy be psyabk on the unullation or termin~tion thereof, duU be ~inn to ~ other than the Morlsa~ee, except by proper endorxment atG:ed to wch poliey and approred by Mort~s~ee. Each policr ot itu~aance ~ shall have ~ffixed thereto a Sandard New Yurk Mort~a~ee Clause without Contributian, makin~ atl bu or bties undet wch podcy ~ psysble to the Mor~as6ee as its interest msy appear. In the erent any wm or sums ot moner beoome p~r~bk thueunder the Mort~ee ~ shs0 hare Ihe option to recere and apply the same on account of the indebtndness haeb7 fecuted, or to petmk the Irlortµ~o~ to re- ceive snd ux it, or any put thereot, without thereby w~ri~ or impshi~ any equity, lien, ot tifht under ~nd br virtue ot thb aart- p~e. In erenl of bss or physic~l dsma~e to the mort~s~ed property' the Mort~a~o~ ihall ~ive immediate aotiee theteof by m~il to tbs ~ ~ Mort~a~ee snd ~he Mortpjee may mske proot ot lou if thc ssme is not made prompllr br the Mort~or. In erent of torecbsure ~f ; j GR ` ~ ' p~ , y ~ . j!fs~~2Ti1 ~V~~~`~Y +H~' S~ ; ~ f .a ~ ~ ~ ~ - . ~-~s - _ a ~ - ' y%s<~>., ,~w: . ~ ~~v ~ ~ ~~~~.7'~` ; . s x a_. _