HomeMy WebLinkAbout2680.77L„G`QS=
=...aS.6.4...OQO.,..Ofl .............. STUART. Florida. P~1~~rc!i._1.~..~......... ...__..... ... 1l..II.1
FOR VALUE RECEIV£D. !h• undcrsigned, joinfly .~~~d sevorally. PROMISE TO PlIY !o !he order ot _. _ ...... ...
F.RWIN LIEBERI~I~1N ancl DU:tO~r~iY 1. I 1:l3LRf~111N,.. his wi fe
SIXTY-FOUR THOU511ND IU~U r1Uf 1(~~~ . _ . .. .. ... . .... .
.._ . .. . _ ...... ........... _ . _ .. _..._ _._ .. .. . .. DOLLARS
at 19610 N E. 19 t~l COUY't N ~ i`~1I111 ~ I I 3 3179 __or such othec place as fhe hold~c
_ . . .... .. ... .......... .. ........ ...... . .. ...L ... .. . ... ! ... . . . ..... . . . . .... p P
~ r2
heteoi me~ designal~ 1[I MIjZ1Q9. logelhet wiih in~rresl lrom data at the rate o! 1~~ per cenfum er annum on !he un aid
balaac~ until maturit~. Th• ssid piiacipal end intc~etl shall be due and payable as tollows:
In 240 equal monthly installi+~~~nts commen~ing on the lst day af t~1ay, 1981,
and continuing on ~he lst da~.~ of each month thereafter until paid in full.
There shall be a prepayment ;~c~nalty of ~S~ of outstandinc~ principal for the
first seven (7) years, 3$ ye:~rs 8-12, 2a years 13-15, anci 1~ years 1G-20,
~.n no case to exceed a total cffective annual interest rate of 13°:. Ttie
first -~ayr,lent hereunder s}~al L include interest from the abovc date to
~~pril 1, 1981, in addit.ion t~~ the standard I~ayment.
11 delt\dt u~ m~de (o~ 10 .. dy~ in 15r pa~~n~ .1 •n~ inital4eent o/ Orincip~l or intere~t or ~n~ a~[ tAertel, ~Ae ~rhole •um lAen rtm~inin~
unp~id vi1S inlerest •A~11 ~t 6~Ider'• oplion 6ecome due ~nd ;• ~; ablr rithout notic~. Failuro !o eaerci+e wc6 option ahdl no~ conahtutq ~aivrr ol lAe
•iiAt lo eaerciae tAe aune in the etsnt e( •ubaequrol drlault Allrr maWrily bot6 pnncip~l and accrued int~retl s6a1) b~..r inleresl at ,L ~ Per cenlum
yer •nnum unt~l paid. T6~ maken •nd eedorse~s ol th~a .~-•r - lur~her w~a~v~ demand, notice ol non-paym~al and proteat. I! thia nofe i^ eot D+~d at
malu-itr and !Ae •~mt is pla~ed rilh •n stlorne~ lor coll~ct~~~•~, the m~Lers •nd endoraers h~reol •~ree to pay al) cotfs oI cotlect~on, includie~ all court
casl• •od re~wnable ~ltoraer fee~. ,
, . ~ ~ i
~/~ ~ t < <~t/ .~G ~ " ~ • /_ -Y_ 'Z-l,f~/.t-1-v
_ ........ ..... ...................... .. ........ ..:._ ..... . ..............._........ .. _ _ _....tSEllL1
tr1INIFFt~D Lti'. KORE3EL11K, a single wor-~an
....._ ............. . .... ... ........ ... _ .-•-....... . ..._ .:..... .------...... ........... ._ . __... .(SEALI
. ... ..... ... ............. . ....... _ _ _._.._ . _ _....._ ..._......... .......__ ---.. .(SEALI
_ ............... ..~ --..._ ................. ...._ _._... . ................. •---- - - .... . -- ._ .fSEALI
and shall duly, promptly and tully perform, discharge. ~xecute. e(fect, comple~e, comply Mith and abide by each and every
tht stipulations, a~re~ments. couditions and co~•enants ~f uid promissor~~ no[e aud u[ this mortRa~e, then this mortg~Se and
the atate herebY treated shall cea~e and be null and ~oid.
It is understood that each of the words. "note;' "mortRaRor" and "mnrt~aRee° respecti~eh• ane! the pronouns te(erring
thereto. whether in the sinqular or plural an~where in this mort~aqe, shall be sinRular i( nnc ~~nl~ and shall bc plural jointh~
and severally, it more than one, and shall be masculint. (eminine and'or nruter, where.er the context so impliec or admits.
And said \(ortqaqor (or himsel( aud his heirs. leRal rcpre~entati.e~, suiccs~r+ a~~d a~.iKns, hrnby cm•enant~ and aqrecs
to and with said \tortqaqee, his leqal representati~•es, successnrs and ati~iRnc:
1. To pay all and sinRular the priucipal and in~crest au.1 the ~arinuc and sundn sum. o( mone~• pa.abte bv ~•irtuc o[
said promissory note. and this mortqa~e, each and eti-en~, prompth ~~i the da.s respe~ti.el. the ~:+me se~erall~ becorne due.
2. To pay all and sinJ{ular the taxes. assessments. le~ies, liabili~ir,. ~~b1iKa~inns aud incumbrances ~-f -cterc n:,ture aud
kind now on said de~crihed property, and, or that hertalter mav bc imputied, wf(errd. ~~laccd. Ie~ird nr a-se,eecl thercu~n.
~nd; or that h~rtafter may be le~~ied or asx•ssed upon this mortAaRr rud 'or thc i~~dcbicdnc.a .ecurcd hercb~, each and c.erc.
when due and pa}~able accordinfi to lav., be(ore they becomr del~~~yuen~, aud brforr anc iuure,t .~~eachec ~,- ~„~• E~e~~:~lt} iti
incurred: and in so tar as u~y thereof is o( record the same shall be pmmptlv s:~tisfied and diuhar{;ed ol rec~~rd aud ~he or-
iqinal o((icial document (;uch as. for instanct, the tax rcteipt or the sat~•(acti~~~ p~per o(ficialh• eu~i~~rtie~l ~~r certe(iedl shall
be placecl in the han~s of said JtortQaRee ~cithin lfll lI3YS I~C%~ attrr p.~~menr. aud iii ~hc e~~rnt thrt ai~~ thcren( is nr~t +o
paid, satis(ied and dixharged, said :.lortgaAte ma~~ at a~~~- timc p:~~ ti~r .amc nr :~n~ part tl~ercnf Nith~ut w•ai~~iu~ or af(ect-
inR au~• option. lien, tquity or riqht under or b~ ~~ittut of th~~ mnrtRa{;e and ttu• futl am~~ent ~~1 t~:uh .~ni c.e~r wch pa~-
ment shall be immediately due aiuf pa~able and ~hall tK•ar in~crc,t (~om ~hc d:~tc li~rre~~f uuiil p.,~~i .~< <l~c ratc nf u•n ~,~r
centum per annum aud toRether with such in[erest shall be sccurec! bv ihe licn ot ihis mnr~G.,Rc.
3. To place and continuoush• keep on the buildinRs noN• on c~reaftcr situa~e rn~ wid lan~1 lirc aud ai~:d•torm inwr-
ance in the usual ctandard polic}~ (orm, in a sum not less than the lii;;hr~t insurable ~alue. in tiu~h «~m~,.~nc nr ~.~my~anie, as
may tx appro~~ed bp said ~IortRaRee: and all such inwrance pc~iicies on an~~ of s.~id buil~linRs. an~ iuterest ihcrein .~r part
thereof, in the aRqreqate sum aforesaid or in excess the~o(, shaU contain the uw:,l ~tauil~rd mnrtka~ee clauce malis~~ the
locs under said policies. each and ecen~. ~a}able to said ~IortRaRee as hi~ intrre,t m~} appear, and each and e~er~ such Ex~licy
shall be promptly delivered to and held by said ~lortqaqee: and. imt less ~han ten da~c in ad~ance n( ti~r expiratinn o( each
policy. to deli~•er to said ~1ortRaqee a renewal thercof, top,ether w~ith a receipt for the prcmium nt +uch renew•al: aud the:e
shall be no such insurancc placed on any ot taid buildinRs, any interest thcrciu or part thcrcof. unlc~c in the (orm and M~ith
tht lou pa~•able as aforesaid: and in the e~~ent any sum of m~-ney b~ec~me~ pacable under ~uch pnlicc ~~r p~li~ie~ ,aid \Iorey;~Ree
sh~ll hi~•e the option to recei~•e and apply tht same on account of the iiidebtednecc secured herrb~ ~~r ~~ permit ~.iid \IortRa-
Ror to rcceice and ux it or any part therrn( (nr other pur~wees without ~hereb~• ~.:~i~iuh or ~mp~iriny; am e~~uit~. lirn ~r
riqht under or by ~-irtue of this mortRaqe: and in the e~ent said ~InrtRaRor }hall (~~r am• rcav,n (ail «~ I,ecp the wid ~-remi~es
so insured, or (ail to deliver promptly an}• of sa~+' Fx-licies ot insurance to said \(ortR:~Ree, or fail pr~~mptlc to F~a~ tull~ an~•
premium therefor, or in any respect (ail to perform, discharRe. ex~cute, e((ect. crrmple~e. compl. h~it~~ in~l ahidc b~• ~hi~ c~~-
enant, or any part hereof, said :ltortqaqte may place and pay for such insurance or anr part thereof s.ith~-ut wai~inR ur
~ffectinq anr option, lien, equity or riqht under o~ by virtue of this mertRaRe, and the fuil amount of each ~nd e~~erv such
payment shall be immediately due and payable and shall bear interest fram tht date thereof until Paid at the ratc o[ tcn
per centum per annum and together with such interest shall be secured by the lien of this mortRaqe.
4. To permit, commit or su[ter no wutt, impairment or deterioration o( said propert~~ or an~ part thereof.
5. To pay all and singular the costs, tharges and txpenses, including reasonable law}•er's fees and cost ~f aburactc of
title, incurred or paid at any timt by said ~tortglgee becaust and/or in the e-•ent o( the failure on the part of the said
~tortRagor to duly, promptlr and fullr perform, dischuge, acecutt, e((ect, complete, comply Mith and abide br• each and
every the stipulations, aqretmrnu, conditions and covenants o[ said promissory no~e, and this mortti-aRe, an~~ or either. and
said costs, charges and expenses, each and every, shall be immediately due and payable, w~hether or not there be noiice, de-
mand, attempt to collect or suit pendinq: and ehe full amount of each and e~•ery such payment shall bear interest from the
date thereo[ until paid at t6e nte of ten per centum per annum: and all said costs, charg+es and tzptuxs ~o incurred or paid.
toRether with such interest, shaU be secured by ehe lien of this mortqage.
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