HomeMy WebLinkAbout0410 SCHEDULE "A"
:OCi-N. 1. MORTGAGE NOTE a O G R V S ALL•STATE IEWI SUPPLY CO. '
269 SNEFFIElO STREET, MOUNLAINSIpE. N 1 07092
13, 000.00 ~~ort ~ e ,~ote June ,~80 1
S
FOR VALUE RECEIVED, the Uttdcrsigtted promi3es to pay to the order of
ALFRED J. KLEPP and MARQUERITE KLEPP RAYHART
at 52 Oakgrove Road, Caldxell , Nety Jersey
the stet of THIRTEEN THOUSAND and 00/100 DOLLARS
(S 13, 000.00 ) tuith interest thereon at the rnte of Txelve (12x) Per cent per year /rote
, 19 80 ,said principal stem at:d the interest to be paid as jollotc•s:
S 211.29 utt t)te lst day of December 19 80 , and a like sttm on the 1st day
of each and every month thereafter, until the 1 day of December 1y88 , tchen the .
balance of the rcupaid principal and interest sha~ be due and payable. Each of said monthly payments shall }
be applied first on account of interest and the balance, if any, toward reduction of the principal.
Interest only 1Y~om the date of closing to December 1, 1980 shall be paid by the t
purchaser.
Purchaser shall exhibit to the mertgsgees the ~d tax receipts as received.
1. As sec:crity for the payment of the moneys otcing tereon, the Undersigned has executed and delir-
ercd to Alfred J. Klepp and Marguerite Klepp Rayhart
a. mortgage of even date herewith on lands in the of Ft . Pierce
Co:ettt y of St . LuC1e and State 'of ~lli~axYlsooQ=gcx Florida .
2. Tlie L'ttdetsigtted agrees with the holder hereof
a. To pay to the holder at fhe same tithe as each monthly payment and in addition thereto otte-
tu•eljth of the curre?tt atatuat taxes levied and assessed against the mortgaged premises and, otte i
n:onih's proportion of the antaarl insurance premiums, to be held by the holder and used in payment of
the taxes attd ittsret•attce premi:ems as they become due and payable, and to make suc)t further tax or
insurance reserve payments itt such antotettts and at such time or times as the holder shall require to
make up any deficiency thereof;
b. To claim tto deduction :epott the assessed value of such mortgaged property on account of the
moneys ote•ing hereon;
c: To pay alt taxes, assessments, tenter ret:ts attd other governmental charges levied or assessed
against the mortgaged property within thirty days after the same shall have become d:ce and payable;
d. To keep the buildings on t)te mortgaged property insured for the benefit of the holder hereof
against damage or loss by fire and such other hazards as the holder hereof shall specify, by insurers
attd itt antort;:ts approved by~the hokler hereof, and to deliver sack policy or policies of itts:erance to the
)toklet• ltercof; '
e. Ta keep the buildings atcd other sh•uchcres, it:cludittg fixt:rres, oft the n:ortgaged property itt
good and substcvttial repair and to make such other repairs as n:a~ be required by the holder hereof
:e•ithin 30 days from written notice.
3. The L'ttdersigtted jttrther agrees that, should 30 days' dejat~it be made in the payment of any
such tax, assessments, te•ater rents or governmental charge, or in the payment of a premium for such ansur-
ante, or sho:dd and deja:dt be made in the obligation to•keep the mortgaged property in satisfactory repair
f attd condition, theft the holder hereof ntay pay any such tax, assessment, water rents, governmental charge,
insurance premium or, the cost to place the mortgaged property in satisfactory repair and condition, and the
amount so paid shall be added to the amount otcing herein:der attd shall be due at:d payable on demand, with
it:terest at 12 jo per year.
E ,\otte•ithstattdittg the foregoing, the taipaid balance of the prinei~al sum of this note and interest
hereon shall immediately become due and payable, at the election of the holder hereof, in the event of:
a. 30 dceys' default in arty payment due leereuttder; or
~ b. Any defatdt under the provisions of paragraph 2 hereof; or
c. Airy change in the oteners):ip of the mortgaged property; or
t d. The appoinhnent of a receiver of the property, rights, credits, assets or any part thereof.
of the 1'»derstgned or of the ou•tter of such »tortryaged property; or
c. Tlee _ftlittg of a petition by or against the Undersigned or the owner of such mortgaged property
for relief rntder atty bankrteptcy or insolvency late; or
f. Att nssigtnneut 6y the Undersigned or the owner of the mortgaged property of assets for the
benefit of creditors or
g. ~tty dejatelt itt the covenants attd conditions of the mortgage securing this note, which eove-
cants attd conditions are made a part hereof as though set forth herein at length, or in the covenants
aced conditions of any prior mortgage.
.i. The L'ndetsigned and all other parties zcho at any time may be liable hereon in any capacity,
jointly acrd severally, te•ait;e presentment, demand for pay»zet:t, protest attd notice of dishonor of this note,
~ and authorize the holder hereof, without notice, to grant extensions in the time of payment of and reductions
in the rate of interest on attt~ moneys otcing on tleis note.
6. The Undersigned, ij more than otte, agree to be jointly and severally liable hereunder, and that the
ti term "Undersigned," as used herein, means any one or »tore of them. The term "otr-ner," as used herein, if S
more than one, t>teatts any Otte of them.
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FIL;O FNQ RECORDI.O
SLLUCIE COUNfY.FIA.
ROGER POITRAS
CIEpK CIRCUIT COs T / s / C1 and in e R . Simon
. =-r:~-~ p~r:rr . ~ ~ CLAUDINE R. SIMON
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