HomeMy WebLinkAbout1958 ~ . . . . - - • - - - - •
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~ Pro.id~d w1w~, and the.s pc+e.eaa sc+e upoa tbe eocqa. oondition that U t6a enon~~as .hsu p.r to th~ ~
aao~ee that oatain pe+omL~oey aote cf ~ren ds~e be~~rtt6. Pari?bla ~ tbe adec of tbe mo~a~ee. ia the p~ia- ,
~ ~qipspE •••••••••••••••••i••••••~•••••••••••~ !
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1~'~t~? ~NU1d ~UrM ~1Wr~ l~t'~L~o aad l6f100 DalLrr (i 20~~•Z6 ~
: to~cthes ~ntl~ sU interest thtreoa~ ~rlth fuwl psyraent due MarOh 1 ~ 19 and ~th pdncipat and i
iate:wt psyable ca the ~a~ms snd at the rste provided thei+ein; and all ren~vaia, en~easioa~ oc modi6catiow of j
' aid aote; aad ~haU duly~ P~PvY aad fuUy perfarna~ dbchaRe. a~oecu~e, cffxt. ooaaPk~e. oanply ~th sad abide
. by each sad every oovrnant. a~~eaaent, obligatioa, ooadttioa aad stipulatioa ot ~aid poooairay note and oE dw
, 3nat~age deed. each sad every. tbea thL raa~age sad the estat~ benby a+eated dwll oea~e aad be nuli snd void.
; A~D ths aid mortpio:s oo~enaat wlth the aid mo~ee as io~lows:
f. Thst tbe said mort~agocs shall psy aU and siaguiar the priacipal snd interest aad other wms oE moaey
' payable aa~ocdia~ to tl?e tenoc o[ said not,e aad this mort~age. All wins iwt payd ~rhea due s6a11 beac inteKSt
at the ra~e oE ten per aatum (10%) Pa aaauaa uatil paid.
Z. T6at tbe aaid mo~ga~oh sha11 P~Y. befoc~e tl~ey beooone delinquent~ aU taxes aad a~asments of every
~ astun aHecting nui property. and all other cl~sc~ga snd a~cumbcaaoa ahich naw an, oc bereafter shall be. or
~ ~ sppear to be a liea pc~ ~o this a~a~e upoa t6e said propecty oc say part tba~eot. In d~fault thaeoE ~aid
~ ~Y P~Y ~ disc6at'Se ~aid ta~es. s~a~eats, charga and eucumbcana~. and P~Y wch sums ot
' . uioae~? as it ms~r dee:n neoe~sany the~+etor, aad ahall be the wk iudge of tbe validih?. kaslitY a P~~tY
~ e~Y P~Y~t w mack shall bear iata+at st the rata of Lea p~r eeatuta (10%'0) Per snnuni and be secur+ed by
tha lien aE thi~ mat~age.
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; 3. T6at the impc+ovemeats ca said pranisa s6all be aoaintaiaed in aouad ooadition snd ia g~ood repair. and
} that no bu~diag on the ssid pnmisa shaU be raaoved~ demolisbed oc substaatiaUy al~ered. aoc ~hall any 6:ture
' oc artick~ oE pe~sonal pr~opaty oov~ered by thi~ mo~t~a~e be reaaoved w~thout~rrittea oo~sent of the said moctgag~ee.
` Should said ma~a~ora fa~ to maloe wch aeoa~ary repairs. then iaid mo~tga~a cnay, at ib optioa, maloe wch
, repairs or remedy any wasce. and aay s~h sums acpended by ssid moc~aQee ~hsll be imneediatdy due aad
; psyabk. aad shall bear intenat at t6e raLe oE ten pa oeatum (1~%) Pa annum. -
4. Tbat tb~ said matQagas ~hall loeep tbe buildia~a aad improvemeata oa tb~ ~si~d premises and articla oE
i P~~ ProP~Y bY this mo~ag~e iaaured ~ainst loes by fire aad agaiast 3as by wc6 hssards ss may be
( ~9~ bY ~~8~. in aich torm and amounb snd ia such comPaai~s apQc~ov~d b'Y said mo~a8~e~. ~
~ suc6 policies shall be depo~ted ~rith ~aid moctgagee with pnaaiums fupy papaid aad ~vith pr~opet moctQagee's
; clsuses attached thereco. s~id mortgag~or. agr~ee, ;n d~ ~v~enc ~ any toes unaer any poucy? of in.uranoe, thac the
i prooeeds shaU be paid direct L~ said mortgagetaad eaid moctgagee may~ ia ita tok di~x+etan. aPP1Y t6e amount so
ooliecred. oc any part cha~eof. en the ;adebt,ednees he~+eby .eceu+ed ;a .vhacever manna .aid me~gagee may deem
l advisable~ or ta~rard the npair oc c+eatoratiou of the damaB^ed Pranisa. or snY Portion th~e~. In case said
~ mortgagacs fsil ~o L~ inau+e as ha~ein agreed~ the said mo~tgagx is herebyr authori~ed ~o p~+ocun aad pay for such
. 5n or other inwranoe; aad ev~ay such payraent a6aU besr inta~est fc+om tt~e date tl~er~eof at the rate of tea pa
+ «ntura (10%) P~
;
~ ' S. That the wrhok ot said principal sum shall beoonu due aad PaYabk, at the optien oE the said moc~gagee.
withait notioe oc demaad. afta defauit in rhe paynaeat of aay iascallmait ot pr;ncipai or iac«esc toc tw days. oc
; after ~fsWt ia tb~ payment of sny tas, aa~esmeat oc insurana premiuin~ o~ after detaWt in the paEormanae oE
i ~y ~~t ~a ~ ~~c~ ~ c«+~.ea. ~a au ~a ~ ~c ~t .~a
, -o.,w:.:r ~ tit3~. ~::lu:.s~g a~s~.~~~' fa. a:.d af ~ts~~t ~ Litk as at2xs YsLk ~..r ~ ~ ~s~!
. ~ by the said mortgagas and ~ecured ha+eby. '
; 6. In ffie eveat aut i~ iastituted to foc+eclose dw mo~gage or to mfocoe payment oE aay claims hex+euader~
~ the said ~ort~agee ahaU be entitl~d to the appaintanwt o# a Reoeiver to tak~e charge of t6e said p~+npaty. to ooUect
; ` t6e rentN iewa.and proGb th~eiran. and t~ care foc same. witbout proving inwtw~cy~ or anY ot6a 6rounds foc
~ estraadinary rdief. and the said moctgago~s harby ooaseat to such sppoindnent, and such appoinhnent ahaU be
~ ~ made by the Court having juri~diction tLereof as a matter ot right ~ the mortgaga and ~rithout nfa+enoe to the
' adaluat~? or inadequacY of the ~ecurity~ or to the ~otveocy or ineolv~eacy? of the matgagas; and all ra~b. Profits.
j inoomes. iswa aad n~rwua of aaid moctQa~ed ProP~Y ~~Y a~ ~ P~B~ as furtlKr security for
; ~ payaaent of the morcgage iadebtedua. ~?ich che right an th~e parc oE che ssid mortgagee st any time aiter default
hereunda to demaad and reoeiva tbe ~ame sad spply the same on the mo~tga~e indebtedaas.
~ 7. 1'hat in t6e event the p~opaty wbject to thi~ mort~age, ec sny part thereof, shall be ooademned or taken
~ ~ ioc public use unda po~ras of aninent do:nsin. t6e ~sid mortQagee shall hav+e the right to d
e
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n a a
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6 at a
U moaey?
i sr?arded ior tba sppropristioa th~reof ~ or dsma~e to ~aid lands aad p~+emi~a~ ahaU be paid to dye said mortBaSee
' up to the amount ~ the outatandin~ indebtednas ~xurod by tbis mortQa¢~e.
1 ; 8. T6at tbe ~sid ma~a~ee a~s?y. froan tim~ to tiux, e:tmd tl~ time of payineiat of said note to wb~equeat
~ ' owaers af ~sid lands~ without aotiee er requat trow d~e maken ~~aid aote. aad any wch a~teasioa a~ tinu ot
~ psymeat sbatl n~ot i+eka~e t6e msloen irorn liabiGty on aaid note. . ,
~ 9. That ;a d~e eveat of tt~e p~.~a~e atax thi. daLe of aay law oE tbe Stace ot Florida. deduccin~ from tbe
: ralue oE land fac tLe purpwe~ af twtioa any liea thee~eon. o~ chaaging in any msnAa die la~rs tor d~e taxatioa of
! mo~a~es oc debb, oc tbe manner oE ool{ectiaa of aay wch tau~es, w as to sffect tha nw~~a~e. tbe hoWer ot this
; mo~t~s~e aad the debt which it ~ecuca s6all lwve tlu right to giv~e thirty dsys' writtea notioe t~ t!k o~mer oE t6e .
~ ~~d P~~* +'~4v'~ db P~Y~t at tbe mo~a~e debt If wch ootioe be etvea the ~aid deM shiU
~ beoome dtx. rxrabk and ooilecd'bk st t6e ead oE t}~irty dsys. If. bo~?ev~er. tbe .aid mortg~o~s .ball pay sod
~ dLchsr~e avecy wc6 tas levied oa t~'» moctga~e or tbe debt w?hich it ~ear+a. asjd wch P+Yroent aad d~chaRe b'Y
~ ~ tl~e rsid mo~t~a~oes be lawful, tbea t6e hoider oE this mo~tgage sod oE the debt which It aecura ahaU not have
~ tha ri~ht at e3ection to ~ive tbe writtea rwiioe abov~e ~peci~ed iar ti~e ~urpwe oi ~i~ t~e ~t dupa.
~ paYsbk aad ooilecttbZe.
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