HomeMy WebLinkAbout0144 ~ : 3 ~ -
PROVIDED, ALWAYS, that ii the Mortgagor shall pay unto the Monga~eee the indebtedness evideaced by a oatsia
pmmiaory note o[ which the fotiowing in words snd figures is a true copy tawit:
~,olr~~Q~'QPi ~olti
, 1,475.00 Fort Pierce, h~w~da July 12, 19 ~9
FOR VALUE RECEIVED I' promix to pay
thc order of LES STEIN AND PEGGY STEIN HIS WIFE ,
- - v~~"D~~ SEVENTY FIVE -----------NO ZOO)OI_LARS,
lie pnnc~pal sum of ~ _
~,~gcther with interest thercon from date at the rnte of twelve percent, pe~ annum until mawrity, both pnnc~pal and ~nterest being payabk in
~.~wful mone) of the Unitcd States at 2244 Biscayne BI~'d., Miam~. Flonda, or at such othe~ place as the holden hereof may designate in wmm6.
I'nr •ipal and interat payable.in installments as follow•s
THIRTY FIVE ($35.00) DOLLARS per month beginning on
the lSth day of September, 1979, and continuing on
the 15th day of each and every month thereafter until
paid in full.
1 h~s note may be prepaid in whok or in part at any time upon payment of a penalty cyual to five (SS'o) percent of thc principal sum prcpaid.
I~he loan evidenced by this promissory note has been made pursuant to Chapter 656, Florida Statutes as authorized by 687.12. Florida Statuta,
and the payee hercin has tnsde the loan through a lioensee under Chapter 494, Florida Statutes.
Fach installment payment shall be crcdited first on the interest due, and thc remainder on principal: and interat shall thereupon cease upon the
pnncipal so crcdited.
1 he makers and endorsers of this n~te turther agree to waive demand, noticc of non-payment and protest, and in the event suit shall be brought
ipr the colkction he~eof, or th~ same has to be collecttd upan demand of an attort~ey, to pay reasonabk attorney's fees (or makin6 such tolkc-
tiun.
I)eferred paymcnts fiereunder shall bear interest at the rate of twelve Exreent pcr annum from maturity until paid.
I his nate is securrd by a mortgage of c~•en date hcreM~ith and is to he can,trued and enforced according to t!u laws of the State ot Florida: upon
.frfauit in the payment of princtpa1 and' or intercst when due, thc v?•holr ~um of principal and interest rcmaining unpaid shall, at the option of
~he haWers, txcomc ~mmediatel}• due and payablc. ~
(SEAt )
ISEAI.)
1'reparcd by Stanky H. Spiclcr. Attorne~ 2?40 Biscaynr Hhd., A1iam~. Florida
and shal! perform, comply with and abide by each and every the stiputations, agreements, conditions snd covenants oi
said promissory nvte and of this deed, then thi~ deed and the estate thereby created shall cease and be nult and void.
I. The Nortgagor hereby co~enants and agrees:
(a) 1~~ .~1# .~n.! .m.uler thr principa! ~ei.1 intrrrc! ~~.1 ,~tt~rt ~utn. n~ r.~.~f~r} ;.~~ahL-• hL 4iriurc i,f .ai~ prumiswry nutr and tl~~. Jetd,
ur rrthrr. tuumptl~ .,n thr d~.<r~~,pc.tn:h thr.~mr ~r~cr~ll~ hetuntesdue.
Ih) T~~ ; rrrnrt. .~~m;~:~t • .u(tr: r~, e~tr e~:d t.~ m i~ntam the i~npn~~r~nrnt. a! alt ti~nrti in a state oi goud rtpair and condt~iun, and to do
' ~~r perm~t t~~ hr d:~nr r~ ,~id prrmnr~ o~,[h~n~ th:~t ~~ill ,t:tr ur .han3r :hr u,r and ih~rac[er of said prop~rty ot in any way impair or
~+'r~krn thr ,riurit~ ~~t th~. m~~ric.,.r And ~n ,,.r nf thr rrfuvf, nrgirct ~neh,iit~ ~~F thr titurtgagor to repair and ma~main >aiJ property,
thr ~1~~rtl,~rr ~ i... ,t h~< .~~:tr,n makr ,uch r. pavc ur ~au+~- thr tiamr tu h~•,me {r,.an~ aJvance mooeys in that behalf.
li ~ lu al! :n.f .~n:+il :r thr t~~r~ ~..r.;mrnt,. Irti:r~, lia~~ilitir,. ~nd :~hl~~ati~,n; n( e~rrp nnture on said Jescribad property each and
r~rr~ ~+Aen dur ~nJ pa) ib?r : ~intd~nE t,~ I~w, hrf~ut• the~ hr:umr Jr~iaurnt, and te~ dr{~~er t" thr 11:~r!gagee un ur hefore ~farch 15th of
' r~ih }rar tai rrc.•ipt~. r~~dcn.ing the pi>mrnt ~~t :~II ta:cf~Il~ ~mpi»cd tsxt~ R~r thr precrd~ng calendar year,to indemn~f~+ the hlortgaget
€ upun his dem~nd f=,r ~I! t1~e~. a~sr,~mrrt~ anQ chsrEr~ th:lt m~~ Fi assesszd up~n ihis mortgage on the indrbtednrss secured hereby, and
i
i paid b~ thr m~~rt~tegre. ~+i~huut rrg~rd an} law hetetcifore rn~ctrd un c~reafter to be enacted imposing payment of the whote or any
! part thrreof u~~n thr 1lorttagrr. ~
`t (d) T~~ pay all anJ .incul.,r thr c~.ct~, ch~rgr. ~nd r~~~ntr+, ~ncludmg lawwyrn' irrs and a0strart costs reasonabfy incurred or paid at any
~ hme hy thr ~t~~rtga~er t.riausr n( the fr~lure nr. thr pert nf thr ]1~irtqag~~r tu ~erf~~rm, comply with and abidt by qch and every the
; stipulahuo~, e~reemrnts. curtdi!s~~ns artd cuvrnants of sa~d promissory note and this deed, et either, and every such payment shall beu '
? in[errst ftom d~tr :~t thr ratr of trn { 10' per .enlum per annum.
~
~ (e) It is (urther c~mrnantcd and agreed by tia~d pert~e+ that in thr evant of a suit being inst~tuttd io foreclox this rrartgage, the !rtoct- _
~ gager shall hr rnt~tlyd to appfy at any timr prnding suih ioreclosure suit to the rourt having junsdiction theteof for the appointment ot
~ a rrceicrr ~~f all ~nd .mgutar the murtgaged pmpertc. and o~ all rcnts, ~ncvmrs, pr~lits, issues and revenues thereuf, ftom whatsoever
3 sourcr drn.~d. ~nJ thrrru~~n rt is hercby rtprccsh v~nvrnantrd and agrrrd that thr Court shall forthwi:h appoint such rtceiver weth the
5 ucual pi~.+rre ~nd Juhe~ nf recei~rra m likr .e.r,: ~nd c~~d appnintment sh~ll be made hy the court as a matter of strict right to the Mort
~ gagre, and Nithout rrfercace to the adryuacy~ nr irtadeyuacy of the ~'alue of thr property hereb~• mortgaged, or to the zolvency or insol-
z ~~ency uf thr Slnrtgagun ur any uthrr pirt~~ dafrnJan[ to such su~t. Thr ~lortgagur hereby specifically waives the right to object to the
~ app~nntmenS uf a rc.r:vrr a~ a(orrs3~d end hrtehy r~pressl>' conun[s that such appointment shall be made as an admitted equily and as a
# matter nf ahculutr nght tu thr ~tor[gagre and that thr ~ame may he done without nohce to thr Mortgagor.
~ (f~ If fureclusurc pr~~ceeJings ~huuW hr ~nctrtutrd agatnst the pruperty co~~errd by this mortgage u}wn any other lien ot c{aim whether
~ allegrd ~o he wpenor ~r ~uni~rr t~. thr lirn ut tha mortgage, thr Mortgagee may at his opt~on immeAiately upon institution of such suit or
~ durinR the prndrnc> thereuf declarc :hm m~rtgage and thr ~ndahiednrss u~~rcd hereby due a~d payable torthwith and may st itsoption
procrrd tu forrclu;e thn mort~raRz_
j .
(R) Th:,~ thc ~f~~it~tagnr ~sill krcp .~11 ieal an~ prrv~nal pn~perty n~~w nr hertafter encumbrred by the lirn ~~f tAis mortgage insured ss may
be reyuurd fn~m t~mr tu umr by the ~tortgrgec ~ga~nat luss of i~re, ~nmdsturm and other hazards, casualties and contin`encies for sueh
= prnods and f~~r noI Irat thar cuch am~~untc as may hr rcyu~red by the ~fortgagee and to pay promptly when due all premiums tot such
insurance f hr ~mounh nf ~nsurancr reyu~crd hy th: Mortgagee chall he the minimum amounts for which uid insunnte shall be written
~ and it tihall ht incumtrent upon the Morlgagor to maintain such ad3itional insurance as ma~~ br nectssary to mett and comply fully with all
~ co mturan:e rryuiremenls cunta~nrd in c.iiJ poGc~ec tu thr end that the said Mortgagor is not a co-insuror thereundet. Insunnce shall be
writtrn by a.ompan~ ur cumpan~es appruvrd nr de+~gnated h~ the titortgagee and all policies and renevrals taereof shsll be held by the
- ~tortgager. Atl detaded drsignatiuns hy the ~1ot[gagor wh~ch arr accepted b~ the ~tortgagee and all agreements betwten Mottastor and
' 1lortgagee relat~ng tn Insurance, now existing nr hereafter madr, shall bc m v•riUng and shall be a part of this mortgage a`reement at fully
;
as Ihuugh set forth ~rrl+ahm hrre~n and shall g~~vrrn fic,th parties hrreto and the~r succeseors and auigns. No lien upon any of ssid policid
_ of ~nsurance ~~r up~n any refund or return prrmium ~+hicF inay be payabk on the cancellation or termination theteo(, shall be `iren tn
other th~n t6e 'Ltortgagre. rtcept by proper endorsemrnt affixrd to ;uch poGcy and approved by Mortaasee. Each policy of insuranee
3 shall hrve attitrd thereto a StandarJ Naw York ~lortgagee Clause without Contribution, makmg all bss or bsses under such policy
a payabie tn the Mor~gagee as rts ~nterest may apprar. In the event any sum or sums of money become psyable thereunder the Mortp~ee
,i shall havr the uptiun to rece~ve rnd apply 1he samr on account of the indebtedness hereby secuted, or to petmit the Moripfor to te-
q ceive and use it, or any part thereuf, wllhr~ut thereby waiving or impairing any equrty, lien, or ri;ht under and by vittue of thif mort-
gase. In event of loss or physical damage to the mortgaaed property the Mortga6or shall give immediste notict theteof by t11ai1 to the
~ Mnrtga6ee and 1hc titortEagee may make proof of lo~s if the same is not made promplly by the Mortp~or. In event of forecbfure ot
~ $~~K313 P~~E i44 ~
~ o