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HomeMy WebLinkAbout1629 " ~ , 5~J 22(; r t.. ! ~ . l A ys. that if the Mmtgagor thall pay unto the Mortgagee the indebtedneM e,idem'f,l b) a o( which the (ollowiJ:g in word. and figure. i. a true oopy to,wit: '\ 'u~.Q.l.9.Q9.u.9,9.., THE FOR VALUE RECE.lVED the undeuigned plOmoo to pay ,0 the order of ~ or aroltCB un_IC* 011 'I'D DUBY'l'BJUAH CHURCH, Uf ,~.u~.x.,~,~,!~'J:'~~.'u~J!fC. &lh~i~~i~~!!t~..~~,YiHi~~".~" ~~/~~~.."~~'~~'~~~~~'~~~'~~.~~,~~~.~.~~~,~,~~,~,~,. ,_,...,ThJllan tOJtcthrr ""'lth inlt'rMt thC'lwn at th(" ralt' or . , p<-r ("('It' pf>r 3nnllrn (Inrn date unlil maturity. both principal and interest being pa)'able in I.a,,(ul Mone) of the United Slates. luch principal lum and intere.t papble in irulallmen'.) as folio....: }'fortBag~1c , Florida J&JlUfiJ:"Y / y. 1963 Payable in equal quarterly principal payments of '500.00 each, plus interest at 4" per annum on the principal unpaid balance, payable q\lar~erly, beginning three months from the date of this note and quarterly thereafter until paid in full. Such Installment payments Ihall ~ applied 6nt to the Intelftt accruin!l: u"der the term' of this note and then to a reduction o( the princiP"'1 indebtedness. ' . 1 11 I The maken and endonen of thh nOle further agree to wai\'e demand, notice o( non'payment and protei\' allll III Ihe evenl ,u,1 ... >P brought for the collection he~f, or the same has to hr collecled uFolj. demand o( an aHorney, 10 pal reuonable altorn")S fer. (or mal.llI~ <II( II collection. All pa)'menll ~reunder ,h.1I tx,ar iute,,"! al Ihe r~le "(H Q, per""nt per anOl.m from matu"ty unlll p~"1. II", nole " ",' 1I1l'.! by a mortga.... of even date herewilh and is to ~ comlrued and el'lforced accordill!! to the \aWl of Ihe State 01 f1orlda; upon default III II. eo-. ., h If" I d' . . g unl,aid Ihall al the opt"''' o( the holder<, payment 01 pnnClpal and/or IlIlerNt when due. Ihe woe sum 0 prill"pa an IIlleres, re:nallllll . " . become immedialely due and payable. FailUle 10 exerci..: thi. oplio;1 dull nol comlitute a wa;,'er (.o( !..'!.e-'l&.~e~e'~e ~~SIB~cRY of subsequent default. HOME MISSION C~.a. .r.~~.a.,n,t;> ,,..,.., Payable at .J4.l.~B...Ponce .De ...Leon 1-VO., N. J.., Rtn~~~tt~:" !!l I'lori~^\.) Atlanta 8, Ge~r..q~_~____ -,-_.u_-~:{k}8,m~M{~PORATE SEAL) (SF.AL) I~r r~~t:;;h~; It:~~e:~:lth~ '.Jtfa", ~ i n :t:e in writing. AT'l!EfYft~. . ..,.., ...... (SEA\.) and shall perform, comp!~' with and abide by each and ev~y the slipuifttiona, agreement., conditiona and cO\'enants of said promissory note and of this deed, lhen thi. deed and the estate thereby created than cease and be null and \'oid. 1. The Mortgagor hereby covenants and agrees: (I) To pay III and linlular the principal .nd inler..t Ind olher Iun\l of mone)" ~Ylble ">' \'irtlle of ..id promiuor)' notr Ind thil deed, or either, promptl)' on the dlY' relpe..tiwly the ume le\'eul\y be-romH due. ,b) To permit. eommit or luller no wute .Dd to maintain the impro,'eme<lt. .t 11\ time. in . .llle of lood r..p.ir Ind condition; Ind 10 do or permil 10 be don.. t" ...id preDli.el nothiDI that will alt..r or danlf' the UJe and ehunler of uid property or III In)' WI) implir or weaken the luurity of Ihis mortpl'" And in c.... o( the r..(u..I, ne&leet or inabililY of the MortPlor to replir .nd mlintlin uid propHty, the Mortl\alce may, It hil option, make 'Deh "'!>Iin or UUIe th.. ...m.. to be made, .nd .dnnee mon"y" in thll hrhlll. f r I Tu Pi) III IIllI .inl\uJar the t.xe.. a......meDII, levie., li.bilitiel. .nd oblil-'tiolU o( every nlture on ...id ducribcd property each Ind net)' when due and paYlble aeeordinl to I....., bdore they become delinquent, .nd t" deliver to Ib" :'olort,al..e on or b<,(ore March 15th or urh yur tn r..eeipll evidenein, the payment of .11 ia",{ully impoted taxe. for the precedinl ulcndar )'ur; 10 indemnify the ..tort~a~re upon hil demlnd for III lJIXtl, aHeNOlentl Ind charltJI th.t m.y be a..eued upon thi. mortl-'Ie on the indchrednB' .ccured hereby, and plid by the mOrllalee, without re,ard 10 IllY law hHetofore enuted or heruller to be enaeted impoling plymenl of Ihe whole or Iny part IhHeor upon the Morllafee. I d) To Pi) III and .inJUlar the eOIIl, cMrl\e. alld upen..... indudiol law)"eu' fee. and .!Juract eo.t. re..on.bl) incurred or p' " In) time by the ..tortllgee bHauAt' of the tailur.. on the pan of the ..tortl-'lOr 10 perform, eomply wilh Ind Ibidr b) e "';' ." the .Iipullliona, a"'....m..nu, co"dition. Ind cuvenlntl or lIid promiuory note and this deed, or ..ilher, And ner)' .uch "a)'mrnt Ihlll bear interut Irom date.. the ~Ile or len per r..ntum pcr Innum t e' It il further eonnlnted Ind Il\reed by ..id parllu ,.... in the e\elll of . .uit beinl inoliluled to raffc\Ole Ihil mortl"le, the Mort. lasee Ihlll be entitlrd to apply II any lime pending lueh forec\olure Iuil 10 Ih.. court hninl juri.dietion ehHeof ror the appointment of a rece;.'cr of ail and ,inlu)ar Ih.. murt~aged property, and of all renll, income., pr06t., inu<< Ind re\'enUU Ih..reor, fr"m ..bll.ornr .ourre der;.'ed; and Iheceupor it i. h<<eby upreul)' covenlnted Ind I,;reed thll Ih.. Court .h.lI rorthwith Ippoint .uch rHei\'H with the u."al powe.. and dUliu of recei.... in like u,u; .Dd ...id appoinlmenl .h.1I be m.de by the eourt II a mlllH or .Irirl rip,t 10 thr ..tort~llee, Ind withoul rdHellee 10 Ihe Idequacy or inadequacy uf Ihr ...!ue of the property hereby mortf';8~ed, or to thr .ohtncy or inlolnncy' or the !>lort~llou or any other plrty ddendant tu luch luil. The Mortlalor hereby Iperi6eally ,,"ins the rir.ht tu objeet to the appointmenl of I rueiv-er .. .rurelaid and her..by r.xpr....ly conoents Ihlt IDeh Ippoinlmenl .h.1I br mlde II an Idmilled eqnity and u a miller d .b,olute rip,1 to the :'ofortPlee and thlt the lan,e OIlY be de,e with.,ut notice 10 Ihe :'o1ortr.a~or. (f) If f.,reclolure procerdin,1 Ihould k i.ntit""d 1f';.;lUt the propcrt)' eo\ered hy this morl~ai\e upon Iny olher li..n or d.im whelhH aile led to be luperior or junior to the lien of thi. mortl\al\e, thc "ort".gee ml)' II hi. option immediltel) upon inllillJlion of .uch luit or duriDI the pendency' Ihrreo! decl.re thi. mortpr,e and 1M indebtedne.. ",cured hereby due and pa)'.ble rorthwith Ind m.y It its oplioll proee.,] 10 f orrelo.e .hil mort,",e. I,;) Th.. the "ortPlcr ,,'i11 ke..p III rul .nd penonll properlY now or hHrlher e"cumbere'; b) .0.. hen 'Of Ihi. mu.t~a~r inlured II m.y be rc<juired (rom time to time Ioy th" Mortl.,..e al-'iml 10" loy fire. "llIduonll and other huard., ruuahiel Ind. onllll'co"" (or surh p..riodl .nd for 1101 Ie.. than luch .nwunt. I. 01.) be required '>y thr Mortgllu and to pay promptly when due III premiun.. for .urh inlurlnre. The .mounlS or in.unner required by th.. MortPlee ,hall be the minimum Imounrs (or whirh ..id inluraorr .h.lI b~ ...rillen Iud it Ihan be inculllbent UpOD the :'o1ortl"l\or to maiorain .ueh Iddilional in.uranre a. m.y b<, nea.ury 10 meet .n<.l comply funy wilh all eo-inaurane.. requir..mentl eont.ined in ...id poliei.... to the end Ih.t the .aid :'o10rl~alOr il nol I co,,,,"uror thereunder, Inlurance .h.1l be wrillen hy a rumpany or romp....iea .pprove<! or deailn.led by the Mortplee and all pulieiel aDd ren...a" Ih",of .hl'l be held by the Mort~l,ee. All det.i1ed droilnltionl by ,hr 'lforti!.~or wh;eh are accepted by the :'o1ortl.IU .nd III 1~....menU betwecn Mort,alor and ;\foftp~ee rel.t;nl to inaurance, now t:xiftil\~ or hrreafter mlde, Ihall be in wrilin,; Ind. Ih.1I be . part of Ihi. mortls~" alreement AI fully II tholl~ "" (orth verbatiIo herein and .hlll lovern Mth partie, h..reto .nd their .ucu..o.. Ind ....i~I1I, No lien upon Iny or uid polieieo of iDlur.nee or upon .ny rrlund or r..lurn premiwn whieh may be paYlbl.. on thr cancrll.tion .r lennin.tion thereof, .hall b<, ~h en to oth..r than Ihe Mortp~ee, ..repl by proper rndorlement .ffixed to .uch poliey Ind Ipproved by 'lfurt~.~u. ElCh policy "f inlurance lhall hue affixed Ihereto I Standard Ne'" Y ork Y.ort~llee C1IUIt' withoul Conlribulion, mlkin~ .11 lOll or 101le. under luch poliey ply.ble to the Mortt.I.... as itl inleru: mlY appear, In th. event Iny ,um or .un" of mon..) ~rom' payable thereunder the Mort~.lee .hlll MH' the option to ,erei"" Ind .P91y lbe ..me on lreount of Ihc ind..btedn... hereby I<<ured, or to pennil the Mortl-'~or' to r""eive IDd lUt' it, 0: any p.rt thereof. ....ithout Ibereby wlh'in~ or imp.irinl\ any ..quity. lirn. or ri~11I under .nd by virtue of thit mortPle. In rvent ",( 10.. or paTllel1 d.mllf' to the mortf';8led property the Mortla~or .hlll ~ive imme. dilte nOlire Ihueof by mlil to the MortPlee .nd the MortPI.... m.y mike proof of lOll if ,he ..me il not mid.. promptly by the 'lforll-"Ior. In eHnt of foredo.ure of Ihit mortlalc or other tr......er o( title to the mortlaled property in extinauilhment of the ind.bt. edne.. lecured her<!Jy, all nJhl, title rod int..re.t of the Mortplor in and to any iraurance poliei.,. !Mn in foree Ihall pili 10 the purehl..,r or P"ant..e, c (" Q _ ' (Il) To perform, e~mply with and abldo by outl1lI4 -mr, the iU,...ut.lo..... aVe<<DeGII, eonwtion.o Ind eonu.nll in ..id pro",iuory nQle and In this deed ..,t forth. ~0' 1 \~V~ (h-l) In case the s' ah~ or it~ succes~o~s sh~ll cease to be conn~~ted with, the Presbyteria~ omrn ~~ the United States, or said mortgaged premises hI'> al ienar,!"d or ahandon, .. or the said buildir\a orbui.Ldinas be alienated or