HomeMy WebLinkAbout0909 PROVYDSD, AL~AYS, tbat if tbe Mostgaaos ~hall psy ~nto thc Mortaaaec t6c indebtednt~s evidenced by a
aertain pramiwar~? n~ote of which t6e faUorvia~ i~ ~rards and figuree ia a true copy to-wit:
i
Mo~oy. /Ya~.
~ ~0.~ Miami. Flnri~1 +j`~7 3Q* 19 ~
FOR VALUE RECEIVED f~~ ~1~7 promise to pay
to the order of ~i~i.:µil~d~T1'1~ THUST.~.$ ~ ~ ~ ~ ! ~ "
the principal sum of
OLLARS, together with intetest
thereon from dace ac ehe rau of ten percent. per annum unul maturity, both principal and interest bting payable in
lawful money of the United Stata at 203 Roper Building, Miarai. Florida, or at such other plact as the holden hereof tnay
designate in writing. Principal and intertst payable in installmtats as follows:
i
I lt~. tl~s•o0 D~?13a~rrp~s~ .~ts ~ .~a
~ t~ts ! i~ ~t , 1li~, a~t a~~1~ ~
; 1M l~~ti~ ai ~lt ~a~i ~troe~ ~a~ ~at~.l '
prs+d is !'~rll.
"1'his nute ma~~ t,e preE~xict in ~~~hole c~r in p.?rt after one year tre,m the date hereof u~,on payment of a E~enalty ~
yuivale^~ to twc~ }~ercctrt ut the principal sG~n prepaid.
~ Each inseallment payment shall be crtdited first on the interest due, and the remainder on ~rincipaf; and interest
shall thereupon cease upon the principat so tredited.
The makers and endorsen of this note further agree to waivt dtmand, notice of non-payment and protesc, and
in the event cuit shall be brought for the collection hereof, or che same has to be collected upon demand of an attorney,
to pay reasonable attorney's fees for making such collection.
Defened payments hereunder shall bFar interest at the ratc of ctn percent. per annum from macurity until paid.
This note is secured by a mortgage oE even date herewith and is to be conscrued an3 enforced accordin~ to che laws
of che Stace of Florida; upon default in the payment of principal and/or interest when due, the ~vhole sum of principal ~
and interest remaining unpaid shall, at the opcion af tht holders, bt~ome itnmediately due ancl payable.
LET~AND r~ . THO&~TGN (SE.AL)
~SIE THO;~i3T0~1 ~SFAi•)
and ehatl perform, comply with and abi~e b~ each and every t6e r~pnlationry aarae~utnte, eonditions ~d covenante of
eaid promiaeory note and of thi8 deed, tbea thi~ deed and the eata~tt thereby cre+~ted ~hall ocase and be null and void.
1. The Mortga~or bereby eovmaaL and s~rrees: •
(a) To p~y all an~d ~in~nLr the priscipal ~nd istereat ~od rtb~r smns Yt menep p~ysblt by cinne ~f erid promi~sary uote rnd this
d,eed, or e;ther, rrovptl~ on e6e d.~. r~.pecci.el~ tLe .awe .e.eeall~ beeome. dne.
(b1 To peemit, eao~rit ur pe~er a~ w~aNe ard to maintair tbe ie~+vemww ~t all pmer ie a st~le of `wd rep~ir rd e~ndiuon; ~nd
to do or permit to be done to ~aid premisa notLin tA~t will dter er ehar~e tbe nre rud elvnaer of wd proputr or in an7 woy
imp~ir or weakw tl~e retorit~ ei tLis mortp,e. M~ in use af tbe rel~al, oe6lect ~r ioabilitr ~f tbe 1N~rtpa~r t~ re~a'u and maiwin
eaid propertr, t6e M`rtp~ert wr, ~t hi~ eption, rsekt sreL repriirs or awe tLe wne t~ be s~ade, aAd ad~uee mene~s in tbat bebslf.
(e) Tu pay all aod sinaa4r t6e tues, aue~menzh levia, li~bilities, and ebL'pti~~ of ever7 artnr~e en sdd dueribed pr~perty ach
aad evcry when dne md pa~able aceordin6 to law, before ~become delioqueay and to rdeliver to t6e Mo~tp~ee on ar before Marc6
ISth of eaeh ~ur ux~ reeeipb evideotin~ the p~~ent et all ull~ impo~ed tazes for t6e preoe~na ulendar Ye~r; ts indemoif~ the
Mort6a6ee upan his deasa~d tot dl iaxec, auaarneata and eh~e~et tl~at mry bt as~e~ed apeo tLis rsor~t~uet oa !be indebtcdeese ~aeared
. hercby, snd paid br the mort6a6ee, withont re6ard to my law berctofore emetcd or 6ercafter to be emcted iop+siaa p~rment of tht
wl~ote br tmr part ~ihc~eof npost thc-Moat~le.
(d) To pq all and ~inanlar tbe co~ta, cLar6w and espen~, indudins 4~ryers' fea aad abstnet tow reasooably incarrod or psid st
ao~ time b~ tbe Mort~6et beeause of the failure on tbe put of the !Hortp6or to ptrform, taupl7 witL ~nd abi~de by e~e6 and ewery
t6e uipulatioir, ~sreements, conditions and covenaata of said proroiewr~ note ~ad tlua deed, or eitLer, wd every web pqmeat ~hall
bcar in~ered from drte at the nte of ten per centam per amnm.
(e) It ia fnrther eovenuitcd ~nd a~ueed by ~aidp~ rtid tLn in the eveat of a cnit bein6 inetituted to foreclose tbis ~ort~~e, tLe Mort-
p~ee shall be entided to rpplr ~t aur cime pendiu~ tnsh foreelemre snit to tbe eawrt haviu6 juri~dittieo ebere~nf ior tbe appoi~eot
ot a reetiver of all and sia6alar tbe mort6~6~ P~~P~Y, ~nd o[ all renu, incemaa, pro5b, iswe~ aed rtvenoa tbereei, irom wLs4oevu
source derived; and thercupon it i• hcreby ezprenl~ e~veu~ated and ~6reed t1~at cbe Court ~6d1 i~rtbwitb sppoist auc6 reeeiver with
thc oso~l po.ren ae+d dutid of reeeiven in like ea~a; wd Mid appointment ~11 be m~de b~ t6e eonrt r a m~tter of ~ict riEbt to
tbe Martsa6ce, ~nd withont rcference to the rdeqnacy or inadeqaaer of tbe vdne ot the propert~ 6e~eby mortpsed, or to the wlvency
or inwlvency of the Mort~6ors or any ot6er part7 defead~i to ene6 suit. The Mortaa6or benb~ sp«iScally waivee tLe riaht to
object tu the appointment of a rcceiver as aforeaaid and 6ereb~ e.~pre~aly conaeots tbat anch appuintwent shall be made as an admiped
eqait~ #ad as a matler oi abwlute ri61?t to the MortBa~ee and tlqt the same msy be done witLout notice to the Mort~~or.
(f ) it foreclowre proceedinas sbould be instituted ~6aiwt tbepr .perty covered by tbis ma~t~~e npon a~ otber Iiw or claim wbetber
alle6ed to be cuperior or junior to the lien of this mortsase, the Mort6a6ee m~q at hi's option immediately npon iostitution o( such
auit or duria~ the pendeney thereof declare thie mort`a`e aad tbe indebtcdrxss ~ecnred hereb~ doe and pqable fQrthwith aod may ~t
its option procced to foreelo~e t}~i~ moet6aae.
(6) That the Murt6a6or will Iceep all re~l ~nd penowl propertr now or herc~fttr encumbered b~ the lien of tLie rnsrt~aa~ insured
aa ma~ be required from time to ti~nt by the Mortp6ee ~pio~t loss b~ 6re, wiedstortn and other hasards, asualtid and ~orttin~tacid
for sveh perioda and to~ not less tban snch amo~mte u ma7 be raqaired by the Mort~a~ee and to par prompdy wben dne all premiume
for euch insnrsnce. The rmounta of iniarrabct reqnired b~ tLe Mortaasee nball be t~e miaimma amounte tor which s~id iaeannce ahall
be written and it slull be incnmheat upon t6e Mortp6or to ~wintaia sneh additiooal ioaaranee aa may be neceasa~ to meet and eowp
ly
fally with alt eo-in~nraece rcquiremeuu contaioed ia aiid psliei~s to the md t~at the ~aid Mort6agor is aot a cainsaror therennder.
Ineurancc s}ult be written br a compsny or eompaaies ap~rovad or desianated b~ tbe MortSasee aed all~policeer md renewala thereo(
shall be held b~ the Mart6a6ee. All deuiled desisnetioe~ br the Mort~a6or whic6 •re eeept b~ the Mor~p~ee and ~11 asreea~enu
bctwesn Mort6agor and Mvrt~a~ee reladn~ ta i~aranec, no~v eui~tio6 on c~rraftu made,as6a~1 bie in writin; wd ~katl be s p~rt of thie
mortaa6e a6reement as foll~ ae tLoa6L ~et fwth verb~tim he~eia aAd ~hall 6overn both partiea hereto and tbeir weeea~on md assi~ps.
No lien upon mr of saidpe lieia of i~nnuce or upon m~ rduod or return preminm w}~ich r,a~r ix pa~able oe tbe tsneellatioa or
termination thereof, sLall be ~ven to otber t6an tbe Mort~aaee, e:cept by proper endoreemcnt a8'nced to snc6 policr and ~pproved br
Mo~tgasec. F.~rh palic7 of iasunnce ehall hue ~ed thereto a Stsndsrd Pdew York Mort aee Clause witboat Contribntion, makin~
~II laes or lostea ande~ eoch polie7pa ~able to tLe Mort~a6ee ae its interdt mq appear. In ~ eveot any snm or ~um~ ot moeey be~omc
pay~ble thereander tl~e Mort6aRee ~hall have the option to reoeive and applr the same on acconat of the indebtc~eu bereb~ aecnrcd,
or to pcrmit ttie Mort6ssor to recei~e and use it, or an7 paR t6rreof, witboat ch~rebr waivin6 er impairin an~ equity', iien~ or ri6ht
under and bp virtnt of this mortsagc. Ia event of low or phTairal daa~ase to the mortRsstd prapert~ the ~ort6a6or ~h~U ~we imme-
di~te notice thereof b7 mail to the Mort~a~ee and tbe MoA6a6ee u~ay make proof of lose it ths ~sme is not made pranptl~ b~ tLc
c;~~~:~.~~ 3~~
~ ,