HomeMy WebLinkAbout0459 PROVIUED, ALWAYS, thst if the Mortgago~ ~hail pay unto the Mortga~ee the indebtcdncss evidepctd by a ceriaia
ptomiswry aote o! which ~he tollowing in wocds and fi~urcs is a true copy to•wit:
? •~la~l~rage ~/1'o~e
S l~i; 800 _ OQ Fort Pierce F~~~ nE.rpmhpr 1 1 r 19 _ZH_
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~OR VALUE RECEIVEU iointly and severally p~omise to pay +
~o a~ o{ ANDREW GllTHARTZ
ebc p~cipd w+a~ oi ~~TEEN THOUSAND EIGHT NUNDRED -----------------NO 10~~~~.
to~ed~ w~ith interrst thereon from date at the nte o[ ten pcrcent. per anrwm until maturity~ both princlpal and Intcrat beina
payabk ia lswtul money ot the United States at 2244 Biscayne Bivd. Miami. F'lorid~, or at wch othe~ plsoe as the hddas hereof
may de~aate in writias. Principal snd interest paysbk in instaltments u toMovrs:
THItEE HUNDRED TWENTY FIVE ($325.00) DOLLARS per month beginning
on the lSth day of February, 1979, and continuing on the 15th
day of each and every month thereafter until paid in full.
71~~ eote sar be pnlaid in whok or in part at an~~ limr up~~n paymenl of ~ prnaltr equal to ei~t perceat ot the prineipal wm prepaid.
F~d~ i~tdlwe~t paYs~at ~haN be,aedited fint o~ the interat due. and 1he eae~iade~ on pei~eipal; and iaterest ~hall thereupon cea~e upon
tlw peiwelpl w erdite~. • _ .
7Ue saken awi a~donees ot this notc W~tAer s~n~e to waire de~nand. notke ot noa-~rmewt aad pwtat~ and in the e~eal wit d~all be bmu~fit
fa the eolleetiow I~ereof. a the saa+e has to be edlected upon demand ot as atlorwer. b P.r ~.~..~.w~,~~o~r'~ tees [or makiM such edleetion.
Deternd N~~enh benrader ~har beu interut at the rale o[ ten percent per awiwm trom maturilr uaW p~id.
7Ui~ note i~ ~etreed by ~ mortp~e ot eveo dale herewilh and i~ to be tonstrued aed entoe~ttd ~toordin~ to the la+s ot the State of Fladb~; upon
de4rlt w d~e p~Ysewt ot p~incipal and/or interest when due, the whde ~um ot prineipd aad iatertst unpaid ~hall, at the option ot the
hdae~., `e~o.e ieu.ed;.tdr aue ana p.Yawe. •
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~ S ~ (SEAL)
S T~ ~ _Q~~l~ (SEAI,)
il ~f M. S~ielar. MtorneY- 2240 Bi~cayne Bl~~d.. Miami Flaida '
and sh~l perform, canply with and abide by each and every the stipulations, agreements, conditions and covenanb of
said prumiscory note and af this deed. then this derd an~ the estate thereby created shall cease and be nul) and void.
1. The ~torig:igor hereby co~e~iant. and agrees:
ral fu pay ~li aml ~~n~u~.~~ thr pnric~;+~1 au.l intrrr;t ..nJ „thrr .ui~:ti uf m~.nry Cayal lr t~y .irturr of .aiJ prumissot~ notc anJ thit detd.
~x r~[hrr. p~~,mptl~ un ihr ~i:~~s rr~pr~ti~rl~ thr .ame tecrretl~ Frc~!mr~ dur
!hr I~: ,^rrm~t ~nr.ntit ~~r lUPICf 7N/ w-~titr end to maintain tfie imprutiemcn:~ at all tustr. ~n d 1i3LC ~A KUU, (C~lllf d0(j .~,nJi[iun. and tu do
p~vn~~t t~~ '~r dunr t~, .,~d ~,rrm~~c. n~~th~n~ tl~at .~~11 ;,ttrr ~r .h~ngr [Gr u,c a~~d ~tier~.ter of sa~d prr~prtty ur ~n eny ,aII} imparr ur
..rai.rn :h.• .c.~inty uf thr, m;~r~z.~gr \nd in .a~r e~t thr r~~fu,.~l. nrgtect ur m.rt~i~~t} nf >hc ~t~~rtg;gi,r t~~ rrpau and ma~nta~n said prop~rtY.
thr `.1+nt~atrr ~fiay. yt hn ~~~~ai•,n, makr w~ h rcpavc ur ~s~~r ihr ~amr t~~ t•e ~iede, and ad.anre munrys ~n tJiat behall.
1 1: t~.i} eli end ~in~olar thc te~rc ~.».~mrn:s. Irv~r~. I~eb~l~Urc. .~n~S ~~'~I~~act~~r~. uf r~cr} iWIUf~ ~i11 tidl„2Y=i1GC~ ~fUQrfi) each and
r~rr: ~t!:rn Jur end pa)~i~lr e..nrd~n~2 b~ I:IA', f+rfnre thry bra~me Jrl~yucnt, arJ t~~ .ltiner tu the \lurtdagee on ur Me(otr \larch 15th of
ra. h}r~r ~~a rrctip[~ rcidcr..ing the pa>mrnt ..t ~il Irxf+~lly ~~npo~rd taae~ fr,t thr pre.edtng ~alr~idar y~ear;tu ~r.drmndy the !~1ort'aget
_ upnn hn drm~nd (ur :~11 tas~•.. ~+tir«mrnt+ end : hargeC thet m~> r.r a»r~xd up~?n th~s murtgagr un ihc ~ndtbtedness tecurtd heteby, and -
' paid h~ tLr murt~agre. w~[huut rtg.u;l t~~ en~ 2ew hrrrt~~furc rn~cirJ ut hrreafter w he rnectnd imFr~s~ng payment of the vchole or any
' part Ihrrr~~( upun thr ~{ortKeg:r
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, ~,J~ 1~+ pa~ ~11 and .~n~cuiar t~e curts. .harges anJ r~pense~. mcludmg bwyer.' fers anJ .bstract costs reasonably incurrrd ur paid at any
hmr F.y the 'dnrtgagre hr:aucr nf the failure un the prrt uf tht ttortgagur w prrfurm, iumply with an1 abidt by tach and evtry the
~ ct~pulat~uns, agrermrnts, n~nJrtions an:1 c:ivenants of said promcsx~t} note and ihu drtd, ur e~ther, and erery such~payment shall bcat
~ mtrrest frum date at the rate ot trn (10~? per centum per snnum.
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; (r) It is further rumrnentrd end agreed by ,ani partirs tAat ~n the event of a swt br~ng mstituted to foreclou this mortgage, the Mort-
~ ga~er cha!I rr rnhtled to applr as an~ time penJing such fnre<lowre suit to thr court having jurisdi~-tiun theraof for the appointment of
~ a re.n~.rr all and .~ngular the m~.rtgagrd~~+u~prrty, and of all rcms, incomts, prufits, issurs and rcvenues therrof, from w'hatsoe~er
; wurce den~ed. rnd thrrcupon ~t herrby rapresaly ton~rnantcd and agrred that thr Coutt shaH fotthw~th appoint such receive~ with the
`s, usual ~.xer. ~nd Jut~rs ~~f tr~r~~rn m i~kr ceses, and sa~J appointment shall be made by the court as a matter of strict tight tu the Mort-
ga~tre, ~nd withuut rcfercn.e t~, the adeyuacy or madryuacy of the value of tht property hereby morigaged, or to the wlvency or insol-
~ vency~ uf the ~1urt~agon ur any othrr party defendant tn sucA wrt. The Mortgagor hereby specifically warves tAe risht to oCject to the
~ app~.~ntment of a rece~:rr a~ a(nrcsa~d rnd herrby exprr;sly consents that wch appumtment shall be made as an admitted equity and as s
~ maurr nf ahs.~lutr riKht u, thr \lurtgagre and that tht samr ma} he Junr µ~~ihout nouce to the !~tortgagot.
!f1 If f~~recl~,wre procrrding~ ,huuld he in+:~Wtrd aga~r.st thr pruperty corered by this mortgage upon any othtt (~en or claim whether '
e allrgrJ br cuprn.~r ~~r ~un~ur t~. thr I~rn ut th~s mortgagc. the Mortgagee may at Ms uption ~mmnliatdy upun inst~tut~on o( such suit or
~ dur~nF the prr.drncy thrrr~,f drelare th~ti mnrtgage and thr ~ndr~tcdnrss se.ured hrreby due and payable furthw~th and may at rtsoption
~ procerd tn fnrrclosr thm m~rlgagr.
~ IB1 i hat thr Sturlgagnr ~ndt ?.rrp ell rral and prrv,nal pruprrty nuw or hrraatter encumbered by thr lien of this mortsaae insured as may
fi he reywred fn~m timr tu umr h~ thr ~iurlgaKer :~ga~nat lvds of fire, windstorm and othcr hazards, caswlties and cnntingencies for such
~ pen~~Jt and for not I_ti+ than c~~h amnunts a~ may hr rryuired by thr M~~rtgagcr and tu paY promDt~Y When due all premiums for such
msurance. ihe am~~untti nt insuran.r rrauircd hy the Morlgagee shrll he the mimmum amounts for wh~ch sa~d insutance shall be wr~ttrn
i and it shall ~e incumbrnt upon the Murtgagur to mr~ntam such adddiunal insurancr as may be necessary to meet and camply fully with all
co-~nsurance rcyuirrmcnts cunta~ned m said pulines tn the end that the said :?Sortgagur is not a co-~nsuror Ihrreunder. Insurance shall be
~ written by a cumprnp ur compames appruvrd or des~gnatnd bq thr Mortgaaee and all pnlicies and renewals thereof sb~ll be held hy the
Slortgagre AU detailyd Jrcignations by thr Nortgag~tt which arr accepted by the Morttasee and all s`tetments betwten Mort~a6or and
: Morlgagee rrlat~ng t~~ ~ncurancr, nuw existing or hereatler made, shall bt in rvritin6 and shall be a part of this mortgage aateement as fuUy
; as th~~ugh ~et forth verhahm hrrem ~nd shall g~~vern buth parties hereto and thrir successors and assegns. No iien upon any ot tsid policies
; of insurance r.r uprn any refund or rrturn prrm~um which may be payable un the cancellation or terminuion Ihereof, shall be sivrn to
othrr than the ~lurtgagee, racept by proper endorsement af(ixad to such policy and approved by Mortga`ea Each policy of insunnee
~ shall have af(i~ed tAcretn a StanJrrd tiew Ynrk Mortgagee Clause without ContriAution, making all bss or losses under suth policy
' payahle tn the Nurtgagee as dc ~nte:est may apprar. In the n~rn1 any sum or sums of money become pzyable theteunder the Mort~a~ee
shall h~ve the ~~puun tu receivr and apply the same on acc.~unt of the ~ndebtedneu hereby xcured, or to permit the Mortp~or to re-
~ ceire and use it, ~~r an ert therco/, wrthout thereb waivin or ~m irin an e uit lien, or ri ht under snd b virtue of this mott-
~ Y D Y B W 6 Y 9 Y. L Y
- 6~E~~ event of loss or phys~cal damage ro the mort6aged property the Nortp`or shall give ~mmediate notice thereof by mall ta tht ~
a Mort`aaee and the Mortsagee may make proo( of loss i( Ihc same ic not made promptly by the Mott~a~or. In event of forecbture of
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_ ~ aUO~ ~1 FN,~ 459
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