HomeMy WebLinkAbout0595 ' ~ ' ~ ~i . ~,r
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f'ROVIDFn, A!_Y!'AYS. that i[ the 1lurtgagot shall pay unto the 1lortgagee the indebtcd~ess cviJ~ncrd h~~ a
certain pr~+n~~soty note ~f ~hich Ihe faltowing in wotds and figutes is a ttue capy to-ui1:
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- ~a~~E i~ote ~t
2~ ~5~. 00 Forti Pierce Ftr~rida ~ _ r1a~2~i 1 1~) 75~{~
F'OH \'.11.1iF: ttF:(:EI1'N:U____.__ «E~ jointly arid severally~~ promi~e tu ~~a~
tu thc ordrr T~ODQRE P~ESSM~N -
the principal .um of TWO.~THOUSAIVD SEVEN HUNDR~D FIFTY and c~o~U0UU1.L~'~f~5, toFPth~~r will~ intrre~~
Ihereon frum date at thc rate of lcn pc~~r+~t, per annum until maturit}', both principa! a~id i~~tere~! br.ing pa~•able in la»ful mo~u•~~ uf
; thr t'nitc4 ~tatc~ at :.'2-t•I i3i>ra}'ne I3l4d., Aliami, Florida, or at such oti:ar place as !he l~olders hereaf may de.signate in writing.
` Principal and +nterest payable in ~nst~llments as follows: -
. SEVENTY ($70.00) DOLLARS per~month begi.nning an the 15~h day -
of July, 1975, and continuing on ~he 15th day of each and
every month ~herea£ter until paid in fu1l.
This note may be prepaid in «hale or i~ part after one year from tnc date hereof upon paymcnt oC a penalty equivale t_
lo ciKlit prrc~~nt of lh~• prinripal sun? ~~r~•pai~1. ; . -
F:ach imtallm~nt ~~ay~uent ~hall be credited fint un the ii~terest due, and the remainder un priticipal; and inierest shalt ti~rr - '
upon cca.~• u!?un lh~~ p~incipal .u crrdited. -
' ThP maken and rndoncr• of thi~ nut~ further agrPe lu waiti•e demand. noticc oI nos~-payment and protest, and in thr, evenl s it
.~1~:~l) b~ brought for ?hc i•ull~ctiun hcreof. or th~ samc has to be collccted upon demand o[ an attorney, to pay reasonablc attorney'.
frr~ fur making ~uch collectiun. . _
UefFrced paymcnts hcrcunder chall bear interest at the raie uf ten percent per annum from maturity until paid. .
7~hi~ note i~ ~ecured hy a mortgage~uf even date herPwiih a~d is to be conshued and~enforced according to the laws of the
titale of Florida: upnn default in the payment of principal and~or interest when due, the whote sum of principal and int~test
. n•n~aining unraid ~hall, at the optio~ of the hoiders, become immediately due and payabk. ~
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Prep~rrd by ~pKl~r & Ten~rich. AUomeys - 2240 Riu~ayne Blvd., Mi~mi lorida
anJ s~iall perform, c~mply with and abide by each and every the stipulations, agreements, ~onditions and cove-
__nants of said promissory note and of this deed. then this deed and the estate thereby created shall cease and be
null and void. .
~ 1. The 1~lortgagor hereby covenants and agrees:
; (a) To pay all and ~~n6alar the qrinc~pal and intcrest and other sumc uf money Dayable by virtue of said promissory notc and th~s
• deed, or e~ther, prompUy on the days rospectiveiy the sam~ seYeraily becomes due. -
1b) To perm~t, cortun~t oc sufter no waste aod to ma~ntstn the improvements at all times in a state o( Yood ttpair and condition, and to
do or_ perm~t ~o bt done to ssid premises nothing that w~ll alter or change the ust and chatutet of said ptoperty or in any way Empair or
- we2ken the sccurity of ihis mort~~te. And in case ef the ttfusal, ne~lect or inability of the Mort6sgor to tepair ar.d maintain said•propcr-
ty, the Mor~¢agee may, at his option, make sucA repairs or cause the samc to be made, and advance moneys in that behalt.
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. (c) To pay all and cin~utac the taxes, assessments, levies, lisbililees~ anG obliaations of every nature ~n ssid described property each ~
~ and every +rAen due and payable accordin6 to lar•, before they become delinquent. and to delirer to the Mort~a6ee on or befo:e March
' - 15~h of each yeae ux teceipts evidencing tAc payment of all lawtully impased taxes for.the precedin6 eslenda~ Year; to indcmrtify the '
- tilat6a`ee u~n his demand fot all tazes, asstssmcats and chargt's that may be sssessed upon this mortga6e on the indebtedness i
cured bereby, and paid by ihe mort~agee, r~thout regacd to any IsW heroto(ore enacted or herea[ter co be enacted im~osing ~ayment o:
the Mho1e or any .+art thetto( upon ihe l1l~rtgagee. - - -
(d) To pay all and sinaulat the costs, chargcs aed expenses, inciu~ing laWyers' fees and abslract costs ttasonably iecutred or patd at
_ any ~imr hy tRc Mwtgagte because of the la~lure on th~ par! of thr MurtaaRoe to perform, eomply witA and abide by each and every thc
st~pulatwns, agretments, conditions and co?enants ot said promissoty notr and this deed, or either, and every such'p~yment shall bear
~ntcrest (rom date at the rate of ten (10`~) per centum ptr annum. ' `
le) It ic_further co~ensnted and agreed by said pu~~as that in the evcnt o! a suit being instituttd to foceclose this mottgage, the~!4lort-
gagee shatl be cntitled to apply ae aay ti.*r,~ nending such toreclosure ~u~t to the court heving jurisdictioo therenf for the appointment
of a rcce~vtr of all and sin~ular tne mortgagea propttty, and of all rents, incomes, profits, issues and revenucs thereof, from ahatsoover
, source denved; and theteupon ~t is hctcDy expressly corenanted sttd ayetd that thc Carrt sball tortAwith ippoiot such receiver xith
the usual powers and duties of rocei~us in like e~ses; and said appointmcnt shall be made by the court as a matt~r of strict right to
~he !1fo~t;a~ee, and without referonce to the sdequacy or inadoquacy o( the value af the propetty hereby mortg~6td, or to the soh•ency
or insol~ency ot the Mort~agors ot any other parly defen~ant to such suit. The lllartgasw hereby speciticaNy waives !ht naht to object
to the appoirttment of a receiver as ~foresaid and hereby eipressly consents thri such app~intment shali be made as an admittad equ~ty
_ and ss a mattu o( sbsolute ri`}:t to utie Mort~a6ee and thae the same may be done vri~hout notice to the Mort~a~or.
- (f) If :erocloswe proceedin~s should De inslituted ~raainsi tht proporty covue3 by this mort~~Qe upoo any other I+en or claim whethe~ '
. allegcd to be superior a jwior ta the lien ot this mort~ate, tt~e Mortgagee may at h~s option imroediately upon ir.stiivtion uf such sn~t
or during the pendency theteof declare tAis mortg~~e ~nd ?he indebtedness secused hereby d~e and payablcfor[h•with and may ai~iti - ~
option p~oceed to twecloae this mor~;ase. _ _ ~
(g) That the M~tt~~oc rril) keep a!! rea! and personal property now~ ot hereafter encumbered by the I~en af this moctgaQe ~nsured as may ;
be required trom time to time Ey the MortEaBet a~ainsl loss by fire, winds~am and othu hazsrds, casualt~es and cnn~ingencies fur such ±
- p:nods atid'i~r not less thar. such amounts ss may be requtted by the Mottd~aee and ta pay prompUy when ~+ue all ~rem~ums (m such
_ insuneee. The amounts of insur~Rce required by the Mort~aEee shall be the minimum,amouats tor ~vhich said insursece ~hai! bs wnuen ,
and it shall be incumb~nt upen the Mort~s6a to maintain such additional insursnct as msy bt necessary !o meet ind c~mply fully vrith s
~ alt cwinsurance requeromen:s contained- in said policies to tFe tna that the s:id l.4wxli~Eor is not a co•insuror thereunde~.Insurance- -
shall be written by a sanpany or cornpantes approved or desl~nat_d by the M9rtta6ee and all poiicies and renewsls thateof shal{ be held ~ i
ay ~he Ma~paee. All detailed desi~nations by !he Mwt~asor which are accepted by the Mortiaiee and s)1 ~reemenis between MottB~sor - ~
and MoripEee rdat~na ~o insurance, noW existins or here~ftcr m:de, shaU be in wriiie~ snd shall he a part oi this mvrt6a~e s~reemeot :
as fully as ihouih set torth rerbatim heroin and nhall ~orem hoth parties hereto and their successas snd assiEns. No lien upon any of i
s~id policies of i~surance or uyon ahy refund ~ar rotum preeQium whicb may be payable on the cancellatien or tennination thereof. shsli _ z , s
be jivrn to other than the Mortsaaee. except by propsr endorsement affixed to such policy and apptoved by Mor~~~~et. Each policy nf
- msurantt shal) hav~ atfixed thereto a Standard Ne+r Yak Mort~aaee Cl~ust without Conltibueion, makin~ all loss or losses under such
poticy payable to the Mortp~ec as ~ts intertst may appear. In the evenl any sum or sums.of awney be:omc psyable thereunder the ~1ort-
eagee sh~l) hsrc the option to receive and spply :ht same on account-o( the uidebtedness hertby secuted. Ot to penoit tht \1R~tgaEnr _
to rece~ve and use ~t, -ot any part the:cof, withoul thereby wsivins ot impairin6 any eq~ity, lien, oc n~ft und~~ad tiy :irtuc o( th~. ~
m«t6age. (n event of toss or physical d~maac fo the mortga6ed ptopetly the ~lortaagor sha11 Eive immedi~te noU'ce there~~f by rca?1 )
thc ~iwtgsgec .,nd Ihc S1~nRaRee mzy make proof of In~. i( thr c~~ry~ ~k ~ 1 mad~ prurt.ptly~ by Ihr ~1ottEasor. In e~en1 nt fcxe~lr,~ure o( :
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~ ~OOX~~t1 PACE .
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