HomeMy WebLinkAbout0278 PROVIDEU, AI.pAYS, t~at it the Mo~rtaaaor ~he~ll pay nnto the Mort~a~ee the indcbtedneee evidcnc~ed by a
oertain promiaor~ note ot whieh the followina in ~rordt and 6gures a a t~ve copy to-wit:
Mo~yo9s Na~
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FOR VALUE RECEIVED _....~l~ M~~llt promise to pay
ca che order oE ~'~II.I~` .:~'Y:a:u~. ~:.~.«TZE ~i3> h~.~
the principal sum o ~~~OLLARS, together with intereat
thereon from ciate at the ratr of ten percent. per annum until maturity, both principal and iruerest being payable in
lawful money of the United 5tates at 203 Roper Building. Miuni, Florida, or at such other place as the holdtrs htrtof may
designate in writing. Principal and intenst payable in installmenu as foUows: ~
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+:~~.ac~u3a~.~e, i~.~w
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t ~ ~ r+ i~ rlr~
j ~/lM~~ ~f
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This nate may be l,repai~l in whole or in irirt sfter one year Er~~m the ciate hereof u~x~ai pa}'~nent oE a~~enalty '
eyuivalent to two ~.~ercent oE the princip~l sum prepaitl.
Each inscalimenc payment shall be credited first on the interest due, and the remainder on }~rincipal; and interest
shall thereupon cease upon the principal so credited. ~
The makers and endorsers of this note further agree to waive demand, notice of non-payment and protesc, and
in che event suit shall be brought for the collection heaeof, or che same has to be tollected upon demand of an attorney,
to pay reasonable attorney's fees for making such collection.
Deferred payments hereunder shall bPar interesc at the rate of ten percent. per annum from maturity until paid.
This note is secured by a martgage of even date herewith and is to be construed an~ enforced according ta the laws
of che State cf Florida; upon default in the paym~nt of principal and/or interest when due, the whole sum of principal
and interest remaining unpaid shall, at the option of the holders, become Ymmediately due and payable.
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and ahall ptdorm, comply with and abide by each and evary the dipnlatione, a~remeate, ~wndition. aad covenants of
eaid promieeory not+e and of thie dced, then thia deed aad the estxte thereby cae~ted ~ll cesae and be nnl~ and void.
1. The Mortgagor bercbq oovenaats and agrees:
To pa~ aA and ~insnlar tbe priaeipti ~nd iaterest md ~th~+t aaw ~t mvoe~ p~7able by ~~ertne of nid prami~wry note and thu
deed, or eit6ex, promptly an cbe d.ra re~peeci~dr ~e s~mie ~e~s'~11~ becoma dae.
( b) To permiy commit ar w~er no wyte ~ad to maiatai~ tbe impreveane~s ait aU times ia ~ que of ~wd repair a~ eanditian; ~nd
to do or permit to be done to ~aid prtmisa not~in tb~t wiIl aiter or dfrr~e t6e me rnd e6ar~eter d pid praperty or in any way
irnpair or Mealcen tbe secnrity of thit a~rtp~e. ~ ir we ~f I~e refmd, ie~lset er isabilu~ ~i tbe 1t~etppr t~ re~~ sad ra~intain
uid propert~, tht MortPS~ ~+7, at bis ~rtiee, ~nak~e aitl~ r~ep~i+n or ua~e t6e s~ne te be rn~de, aNd ~ruee m~ee~s in t6rt behslf.
( c) To pay sll aad ~in~uLr tbe taxes, weanntnp, levies, L'sLilitia, aad obliptioor ~f tvcr~r ortpre ~~id dacribca pr~pert~ uch
eod evsry wLen dne and p~rrble aceerdin4 EO I/M' bd~rec~ beeome d~iaqaeny ~nd to ~eli~er t~ dro Moctp~ee o~ ~c 6etore Mare6
15th ot r~eh ~ur tu recei u evideocina tl~C pqmewt of alt i..~fe11~ iaapo+ed ~nca for sbe pe~eeedia~ e.{ead.r rear; to indemnii~ the
Mort~ra6ee upan bu demia~ !ar ril taxea, a~~s~neab and el~sr~es tlnt mar be ss~eased npon Lhio~ toortpse ~n tbe intkbtedeeae ~eeured
hereby. and paid b7 t~e mortss6cr., withoat re6ard to an~ l~w Leretotore enacted or 6ercafter ts be eascted iApeein6 p~~neat of tLe
whole or any part thereof upon the Mort~a6ee.
(d) To pq d! and aiu~ular t6e cwta, eLar~ and ezpe~wea, iadudina law~en' fea aed abstract eap reasoo~bl~ intnrred or p~id ~t
anr timae br t6e Mort6aget bec~uae of the failure on tbe part of the Mertaa6or t~ perform, cenpl~ witb ~ad abide by esch and every
t6e stipulations, ~geements, eooditions and covewnb o( Mid promiswr~ note snd this detd, or eitber, and every such pa~ueat ~ball
bear intereat from +iate tt the nte of ten per centam per amm~m.
(e) It u iart6~r co~erunted tnd apreed b~ widpa rti~s th~t ia tbe eveai of a snit beia6 ie~tituted to Eereclwe t6is mortpse, tbe Mairt-
E~6a ~hali be encided to appl~ at aa~ time pee~ur r~h i~red«ure wtit to t~e c~art b~ri~ jarirdictioo eLa^asf for tbe app~ism+ent
of a recsiver oE all and sin6a4r tLe mortp~ed propertp, wd ~ a11 reu~a. iee~sa, pnfib. i~sue~ aed rereaue~ tbereaf, E~om tiLt~otver
aource derived; and thereupon it is hercby cYprasl~ c~ve~sted aod a~eed trat t6e Csnrt s6al1 (~rtbritb ~ppoint saeh reee.i~er with
the wnal powen aad dotia o! reeeiven in like ea~ee; Mid appoi~m+a~t ~6d1 be made b~ t6e eoart r a mstter of prict ri~6t to
the Mortan~ee, and withoat reference so the adeqaas~ or inadeqn~er ot 1Le valne of tl~e propert~ i~d^eb~ moirt~ased, or to the wlvency
or inwlv.aey of the Mort~sson o~ anr ot6e~ part7 defeadmt to weh suit. 'rhs M~rt~~or hereb~ speei~tallr waiva tbe right to
object to t!u appo:ntment of a rteeiver aa atoreraid ~ed bereb~ a~pread~ tonee~s tbat raeb appointment a6a11 be made n an admitted
eqnit~ ~nd as a metter of sboolute ri6ht to t6e Mort~aaee a~d tL~t tLe same may be done witboat eetiae te the Msrt~r~or.
(t) If foreelo~iue pro~eedinas shonld be institnted rpiert d~e rty tevered b~ tLi~ mortp~qe apoa ao~ utber lien or elaim ~?hetber
allcsed to be 6uperior or junior to the lien of tLi~ n~vetp~e, ~o~t6saee may at hfe optioo immedistalr npon iratitution o( euch
snit or darina the pendency thereof declare this mortp~e and tbe indebtednrM ~eenred bereb~ dne sed p~~ble fet~witb ~ed rnar ~t
~ it~ option proceed to foreclose thia mort~a6e.
( 6)'I'hat tLe Mort~e6or will keep ~Il re+~l ~nd pers~ml propet'ty aow or beredter eecumbered by the lien of lhis m~tt6aae insured
~e may be required from time to time by the Alactp~ee api~rt M~s by 8re, ~+indrtvrtd and nther luzarde, usualties and contin6encia
for sneh period~ and for not Ips t6an enc6 amevets as mq Le eapired tbe Mort6a~e~e sud to pa7 promptly wben dne ali premiwne
(or ouch iruurance. The amoue~u of insaranee req~ired b~ tie li~t~+r~ee t be tbe minimmo amounu for abicb wid iosuneiee s1W1
t,e writsen wd it ahall be inenmbeAt npoo ti~e Mortppr t~ rniataio we~ ~dditieml iwarance w map be neeasa~ to eneet rnd comply
fultp with all co-insnrauce reqnitements co~iead ia wd p~ia t~ Ybe a~d tL~t tbe pid Dlertpaor ie aot • eaiasaror tl~ereander.
Insur~oce sbalr be written b7 • eompany or companies ~ed sr desi~ted bY tbe Mort6a~ee and all~policia and renewaL thereof
shdl be held by che Morcaaaee. All detailed desi~atiea~~j tbe Mvrtp~or ~rhic6 ~re ae ted b~ thc Moetaasee ~nd ~tl! aRreeaeente
bctwetr~ Mortp6or and b/or[6r~ee relatin6 t~ iasurmee, nrw e~'stin6 or her+edter made, eba~ lte ie f?ritie~ aad ohall be a part ot thia
mortsa6e a6rcemeat ar lnIlr as tbon~ ret fortb verbatim herein ~d i6all 6overa bath parties hereto aad tbeir weeawn and ass:6ns.
No lien upoa ~e~ d r~idpo lieios d i~uranee or apon aa7 rdand or ~eturn prr~imn which ma~ be parable oa [Le eanceWtion or
termination thereof, ~Lall be ~ivea to otber th~n t~e Mort6a6ee, estept by~ propec endorsea+ent st6:ed to ~neh polie~ aad ~pproved 67
Hortsaaee. Eac6 pol;e~ af iasnnnce shall 3~ase t~~"uced t6erato ~ Sttodrrd New York Mort~aEae Cl~use witl~ont Coatribntion, making
¦11 low or loaa nnder rneh policrpa r~blc to tLe Mort~s~ee n in iote~at m~y ~ppear. In tbe eveM an~ ~am or ~am~ ot mnaey becomc
par~ble thereander the MortSaRee shall h~ve tbe nption to reoeive snd ~pply t5e wme on acconnt of the indebtcdnes~ h~reby ~ecared,
or to permit tht Monsa6or to receive and nre it, or any parc 47~eoi, wit6out thereb~ w~iving or imp~iria aa~ eqaity, iien~ or ri~ht
nnder ~nd by vinne ot this mort6a6e. In event of loN or ph~ical dsma6e to the mort~6ed propert7 t6e ~ort6asor ~}IIII g1Vt I~7M6
di~te notice thercof bT mail to the Mort6aace and the Mort~a6ee m~r make proof o( loes if the wmt is not m~de prompdy br tht
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