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PROVIDED, ALWAYS, that if the Mongagor shall pay unto the Mortgagce the indebtedness evidenced by y o~aRain
promiswry note o~ which the foliuwing in words and figures is a true copy tawit:
~~o~~~
S 2,475.00 Fort Pierce, _ Fl~~aa Ju 7~, ~912
~ FOR VALUE RECEIVED I promix (o pay
to the order of SONLA KATZ
~he principal ~um ot ~OUSANA FOUR Ht~9RFD SEVFNTY F I1T~- - - - - - - - -NO / 1Q0 ppLLARS,
togethet with interest thereon from date at the ate d twelve percent,pe r annum u~til maturity. both principal and inte~rtt bein~ payabk in
lawful money o( the Unitod Stata at 22N Biscayne Blvd•. Miami, Flonda, or ~t:uch other pl~ce as ~he holde~ hereof may desi~nate m rvnt~n`.
Principal ~nd interat payabk in installment- u follows:
FIFTY ($50.00) DOLIARS per month beginning on the 15th day
of September, 1979, and continuing on the 15th day of each
and every month thereafter until paid in ~ull.
~ hu note may be prcpaid in whok or in part ~t a~r~ time upon payment of a penalty cyual to five (59~) percent ot the principd sum prcpaid.
f he loan evidenced by this p~omasory note hai becn made purswnt to Chapte~ 656, Florida Statuta as authorizod by 6a7. i 2. Flotida Sututa.
and the Paya hercin ha~ rn~de the Iwn th~oush a liamee under Chapter 494. Florida Statuta.
Each inatallment payment shall be credited fint on the interest due. ard the remainder on principal: ar~d intaat sball thereupon aa~e upon the
principai ao coed~ted.
Il~e mik:n and endonen ot this note further aatee to waive demand, notice of non-payment and protat. and in the event suit ihall be brouaht
t or thc colkctio~ hereof, or the same has to be collected upon demand of an attorney. to pay reaionabk attorney's [tesfor making wch colkc-
tuin.
;~eterred paymenb hercundet shatl bear intercst at the rate of twelve percent per annum from maturity until paid.
f his note u securcd by a mortpec o[ even date Aerewith an.i is to be construed and ~nfotced accordir?~to the bws o[the State of Florida: upon
.tcfault in the payment of principa1 and/or intercst wAen duc, the whole sum of principal and interat rcmaining unpaid:hall. at thc oETt~on of
the hoWen, Decome immed~ately due ~nd payabk. S~~ ~~~p~ _(SEA:.)
i~~~~
(SEAL)
i'r~parcd by Stanky H. Spiekr. Attorney - 2240 Bixaync Blvd.. Miami. Florida
and shall perform, compl}• with and abide by each and every the stipulations, agreements, conditions and covenants ot
said Promissory nute and uf this deed, thcn this deed and the estate thereb~• created shall cease and be null and void.
! . The ~1Urtgagur hereb} cu~en:inh and ~gree~: ,
;1~ t~~ ~11 v~~:u;er thc ~•rin:i~~.~f :ntrrr.t ,n,: ~:t,~rr.ui~~.,~f n:,.i.ry ;~ayehtr'~} o~r[ureu:.,ai3,r~~mus~~ry nottandthn~irrd.
~~r .rthrr. ~+r~~n~ptlc ~~n !hr .1,>~ rr.rr.t~~~~!} tbr .a~t:c eeticr~llt he.~,rnr;:l~r.
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1l~1 1~~ {~rrnut _•~r.:~;ur r.uffrr ?~i '~t ~ilC SIP~ U! ^l1~l11:11t1 IFIC' en,n~.nt•inrr~h at ~II h~ne~ in a tit3tc .~f guc~,#. rtpait and Wnd~iwn. aD~S [u do
' ur pr~rn~t t~~'~e .f:~nr t~; .:i.7 prr~iir.r. n;.[h~n< th~t ~~~fl ~h~~ •,r .tr:~tigr ttie u.r.~u~ .L~ractrr r,f ~a~d proprtty or ~n any .vay impair or
~ •Ar.licrn Shr .r.unty ~~t t!u. snciriF~gr. An;! m cs~r uf thr rrfu~.:~l neglrit nr ±nil,iii:~ =~f th~~ Mortgagur lu rep~and 7RaWt#~n~id ~upetty,
thr `.1~~:t~ ~.re may. at hiti ~~puun, make >uch repairs ur rau~r thr urnr t~~ I~r mede an1 ad~ance muneys in that tre~alf. . ~
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~ 1~~ .~1t iud ,~ny~uL~r thr ldl~'S :1'.lc'~'~II1~f1I~. Ilti1Cti, Ifdf'II~II:\. Jl11S unliKau~~ri. ~.f evtry :tatutt on s~id dtu[ibtd prDpC(ty eath ~t~d
' r.cn '.~h_n .1„r ~:id ~e'. ~t•le ~rJ:nF ' L~+, !,~f~~rr tt:~~y ; c.utn~• :frltyue~tf. end dCfrvtf tu Ihe MOtlgiQel_Qp~T-~Cfo«J~uf11 25tiy,p(~..
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r~.f~ }r~r t~~ rc~r~~-t, r~~.lrn, in~t ~tiC ~~Jt,ile(1( nf la«tull~ un~•u~cJ Ia~c~ Inr Ihe pre~eJing calrndar ytar,co'in~~r~~ty iM ylors~,~.~ -
up~~~+. hic drn~end tu~ .etl t itr. .e~;r..n:cnt~. 3n,1 ~ IierEr~ that m~y hr a~,r.~r:1 upnn ttus murtgrge nn the mdebtednrtc secured hereby, and
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€ p:~~d hy thr u:~,rtF.~grc ,+ith",~t rr,;,r:i t~, ~n~ 1.,~.+ ;~rrrt;,R~rr rna~tr.i ~~r herrs:ter t~~ hr rna.ted ~m~us~ng paym~nt uf the whule or any
~ pat[ thrreuf up~~n thr titurtKagrr
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s 1d) T~~ p~~ r? aud ~~n:ulrr thr .u~tti, .h~r~rs and rapemrs. ~n.luJ~ng la~+}c:~' frrti eud ab~tract costs reasunahly meurtrd or paid at an~
timr r~y th:• titnr[F.~~rr h~:~u,r ~~f thr fe:lurr nn Ihr F~~ri thr ti~urtgegi~r tu prtfricm, cumply w~ith and abide by each and rver~~ !he
~U`u:~t~u~it_ a.rerments, u~ndm~~nt an.! covrnants of s.~id pr~~missutl no:e and thn drrd, or e~ther, and erery such paymen[ shall btar
~ ~ntrrest fr:,m Ja(e ~l [hr r~[e uf trn i 10:<.1 prr centum per annum.
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fr (e? It u further cunvrnentrd and egreeJ by tia~J part~rs that in thr ecrnt of a w~t brmg insututnl to furrclose Ihis murt6age, the ~tort-
S ga~:r ,hall hr c~nutl~d tu epplc at any hmr ~rnd~ng such forr,loiure suit tu the c~~urt hav~ng jurixiictiun thereof (ut the appu~ntment of
~ .i r.crnrr ~>f alt ~nd .~n~euler [h•_ murtgagel ~:uprrt~, .,nJ uf aU rerzt,, ~ricr.mes, prof~ts, nsuPs ared revenues thrreof, from whatwevrr
2 >~~urcr drn.r:f. ~nd :hcreu~wn u ~c hrrrb~ riprc•~sl} cun~rn~nted ac~J agrced that the Court shall futthwitA appoint such receiver with the
~ usu.al p~~+rr, and dutirc nt rc~r~~rn in likr ce~r~, an.; ~a~~ app~~intmrnt ~hall hr tnadr hy [h~ ~ourt as a mattet of strict right to the Mor:-
~ a¢er, and unhuut rcfrrenrr tu thr adr uac :~r inade ua~ r~f the ~3ILt nf thr ro ert hrreb mort a rJ, or to the wlvenc oe inwl-
x 4 q Y p p Y Y 6 d Y
~ ~rncy of [hr \1~,rt~eagors nr any othrr perty drfendrnt to wch suit. The ltortgag~~r hereby specifically waives the right io ob~ect to the
3ppo~ntmrnt nE re:rnrr .~s afuresaid r;id hereby raprrtisl~ cunsents that such appumtr.~rnt shall be made as an admitted eauity snd as s
j n:at!rr nf ahwlutr nght t~~ thr .llnrtgrgrr and thnt the semr may he dune withuut nuticr tn !he M.~rtgagur.
~ (h I( furrelnwrr prucerd~ngs ,huuld he inct~tutrJ agrinst the property co~rrrJ hy ih~s mortgage upon any other Gen or claim whether
~ allrgrd tn he W(1CfH1I ~~r ~un~ur tn thr lien of th~s murtgage, the Mortgagee may at his opUon imme~iately upun ~nstrtuuon of such suit or
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dur.np thr prndrncy thrrr~.( drel~re th~t mortgage and the ~ndehtrdness secured hereby due and payab:e forthwith and msy at ds option
procerd tu furecl~ee th~s m~~rt~ea¢r
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Ig) That the ~turtg:~gur ~cdl ~rrp ell rral sn,i prrwnal prupertq n~~w ~~r herraf[rr eniumbetril hy the lien ot th~s mor:gage insured as may
_ br rcyuur~t fr~~m t~me tn timr h. thr ~turtgegrr ,gain~t I~~ss ~~f lier, w•inJctorm and other hazards, casualt~es and contingencies for such
penod~ anJ fur not Irs+ than wch ~mnunt+ may hr rryu~rcd b} thr 1luttgagrr and to pay promptly whrn due all premiums tot suCh
m~urancr Ihr am~~untti .i( ~ntiurancr reyu~red hy thr tiiurtgagre ihall he Ihe minimum amoun[s (or whici. said insutance shall be wt~tten
S and rt shall hr mcumbrnt upon the hlor[gagor to ma~ntain suih addiuunal incurance as may Ae secessary tu meet and comply (ully with all
-3 co insurancr teyuirrmrnn wni;~~nrd in v~J pnliiies tu the cnd that the se~d ~turtgage~r is nbt a co-msuror thereundet. Insunnce shall be
~ ~+ritcrn h~ a.~~m~~an~ ~~r wmp~n~es appruticJ ur Jes~gnated by thr Mortga~;re and all pol~ucs and rrnewals thereuf shall be held by the
3 hlortgagee .~II detriled Jrtignahnm by the :Nortgagor wh~ch are accepted bq the Mortgagre and all agreements between Mortga`or and
~ Slortgagee rela[~ng tr~ insurance, n.~w• ex~cting ur hereafter madr, shall be in w•rihng and shall be a pari of this mortdage a~rcement as fully
' as thuugh ~rt forth vrrh~t~m hrrr~n and shatl gu~ern ~,th part~e~ heretu and the~r succeswrs and assigns. No lien upon any of said policies
of msuranre ~~r uFx~n an~ rrfund ur return prrm~um whtch may be payaA{e un Ihe nncrlla[ion or tetmination tAereof, shall bt givrn ~o
~ other than ~he ~tor[gagre. r~irp[ Ay pruper rnJursrment aftixrd lo such policp and approved b~ Mortgasee. Bsch policy of insur~nce
- shaR have aff~~ed therrt~~ a StandarJ ?Iew York Mnrtgagee Clau~e without Contnbution, makina all bss or :osses undet such policy
~ papahlr to ~he ~lnrtgagrr ac ~Is ~ntrrect may appcar. In the event ~ny sum or sums of money become payable thereundet the Mort~a~ee
' shall havr thr uption Ir, rccewr and apply Ihe same un account of the indebtrdneuhereby secured, or to permit 2he Mortp=or to ta
~ ceivt and use it. ur any p.~rt theren(, w~rthout thereby wainng or impairing any equity, lien, or ri6ht undtr and by virtue of this mort-
~ gage. In e~ent ut loss or physkal damage to the mortga6ed proper:y the Mortgagor shall give immediate ratice theteof by mail to the
Mortgasee and the i~lortgagee may make proo( o! Ims if the same is nut made promptly by the Morl~a~or. In erent of forecbsure of
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~i B~`~K313 P~GE 141 ~
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