HomeMy WebLinkAbout1313 PR~OVIDFD~, ALWAYS, tbat it the Mort~a~ar shall pay un~o the Mortga~ec the indcbtedneee evidcnatd by a
certain promiesory note ot which the followina in wards and figuree ie a true copy tawit:
A/o~yo~s JYot.
~"~'1'~~•~ Miami. Florida 11'~
~oR vr~.v~a
u~r~II w. ~o~s+J,~? ~sd ~s.~?11s pro~ co ~y
ca che order of
the principal sum af ~~~s ~ DOLLARS. together with intertst
I ihereon from date at the rate oE ten percent. per annum until maturity. both principal and interest being payable in
lawful money of che United St~tes at 20~ Roper Building, Miami. Flarida, or at such othtr place as the helders hereof may
designate in writing. Principal and inccreat payable in inatallmenu as follows:
~ ~~O.W~ ~13a~th? prae ic~s'f~! 1~i~ni~ as ~f~M
l~t~? dp' at DM~'Maer 19~~j• a~M ~ast3~ia~' ar 1~ l~t~i
~ M~ ot e~ult aM ~?est ~ii~ 9~r~aMt'i~r ~stil laid i~
l1i11.
4
'I'his nute n?ay t~e ~re}~did in ~vhole or in part after one }'e.ir from the date hereoE u~~on }yaytnent of a penalty
eyuivalent to two percent u! ehe principal suni prepaid,
Each installment paymenc shall be credited first on the interest due, and the remainder on ~rincipal; and interest
shall thereupon cease upon che principal so crediced.
Tht makers and endorsen of~this note further agree to r~vaive demand, notice of non-payment and protest, and
in the event cuit shall be brought Eor the collection hertof, or the same has to be collected upon demand of an attorney,
to pay reasonable attorney's fees for making such collection.
Deferred payments hereunder shall b'ar inttrest at the rate of ten percent. per annum from maturity until paid.
This note is secured by a mortgage of evGn date herewith and is to be construed and tnforced according to the laws
of the 5tate of Florida; upon deEault in tt~e payment of principal and/or interest when due, che whole sum of principal
and inceresc remaining unpaid shall, at the option oE the holders, becomt immediately due and payable.
Calvin Lucas ~SEAr.~
Rena Mae Lucas ~SEqL,~
and ehall perform, comply with and abide by each and every the rtipulatiow, a6reementa, conditions and covenantB o[
said promieaory nate and of thie dted, then thie dted and thc estate thereby created shall ceaee and be nnl~ and void.
1. The Mortgagor hereby covenanU xnd a6reea:
To pay a11 end ~in~ular s!x prinsipal ~nd ioterut and ~tr smn~ ef weney pay~ble by ~•irtne o[ wid proarissory aote and ehie
deod, or either, prompdy on the da~s rapecti~ely tbe s+unt ~enlly beeoma dne•
(b) To permit, eommit or ~~tr no wripe ~nd to wrimaiu tbe improvemenb at ~11 times in ~ statx ~f ~ood sep~ir aad cendition; ~nd
to do or permit to be done to wid premisea oothin~ that w~ill dter or ehaa`e tl~e we md cFuncur o( uid property or io rny way
impair ar wesken the ~ccnrity of tliis monaase. And ia caae of tlre refa~al, nesleet er ioabilitr o~ tbe M~rtRa6or to rep~ir and mainqin
said propertr, the Mortp6ee ~ar, ~t L'u option, make ~acL rep~in or caase the ame to be o~de, a~d advaace mone~~ ia tLat beLalf.
!c) To pay all ana ~inaular the taxn, asseamenu, leviea, liabiliuea, and obiiptiom oi ever~r e~tnre oa taid daeribed p~r~perty uc6
and every when due ¦nd pay~blc ~ccordin6 to law, before tbe beeome delinqueat, ~ed to ,delive~ ~o tbe Mort~taee oo ar be(ore M~rch
i5th of each rear ux reeeipb evidenein~c thc p~ymeet of all ~,+tullr impored taxw tor t6t prece~inr crltad~r ~tir; to indemo;fr tLe
rionsa6ee upon i~i~ dem~nd for ell taxes, asseasmenta and ehar6a ehat may be assaaed upon tl~is mortp~e en tbe indebtedneee ~ecund
hereby, and paid 67 the mortRaRee, without re6ard to any law 6eretofore enaeted or her~after to bt enacted ispwin6 pqmeot of the
whole or any pert thcreof upon thc MortK~gee.
(d) 'To p~~ r11 e~nd sen~ular t6e co~ta, ehar6e~ •nd expeeata, indudin~ lawyen' fea ~nd abstrtct eoqs rtason~bly incnrred or paid rt
aa~ time br the Mortsagee beceuee ot the faiiure on the part of thc HortFaRor to perform, eompl~ wi~L ~nd abitk b~ eaeh aad every
tbe ~tipaletiona, •sreements, condi~ioo6 and toccn~nb of ~sid promiesory note ~nd this deed, or tit6er, ~nd every euc6 prYment ~6a11
bear interat from due at the nte of ten per centum per annum.
(e) It ie (unher covenabted and a~reed br wid prrties th~t in the e~~enC of a roit beio6 imtituted ta foreeloee tbis mortss6e, tbe Mert•
aa;ee ehall bt eatided to ~ppl7 ~t en7 time peod~y6 ~ecb Ioreclvaue sait t~ ibe cean baris6 jnri~dietieo e6et~f for tbe pp~iertmeat
of ¦ receiver of all ~md sin~nlar thc moresa6ed propeny, and oi ~Il rcnts, incomc~, proSta, wuw u~d revenpp t6eceol, from wh~isoever
eource derived; and thereupon it ie herebr e:prdsl7 tovereanted and •6reed th~t t~e Cenrt ~6all torth~ritH ippoint Ene6 reeeiver .vith
the usual powan iOa dllUd o( receiven in iike ta~; ~sd wid appointweat ~hrll be ande by tl~e coart w~ m~tter oi rtritt ri~t to
the Mort6a6ee, and ~vithout reference to the •dequacr or inadeqnter of the value of tht properq bereby morr6a6ed, or to the eolvency
or insolv:ncy of the M~rtsa6or6 0: any othet partq defendant to au~h suit. The Mort6s6or berrb7 specifieatlr waives the ri~ht to
object to the appointment of a reeeicer ae atortuid and Lertby expreesly consents tbat rnch appointmmt ~6all be m~de as an admitted
eqaitr •nd ~e a mrtter of abaolute riKl?t ta the Mart6a~pee aad th+1t the esame ma7r be done without notiee to the MoR~a~or.
IF foreeloeure proceedin~,t e~oald be inetituted astiwt tLe properh• covered br thia mort~ye6e npon an7 vther liea or claim whet6er
alleacd to be superior or janior to the lien of thi~ mort6a6e, t6e 1Kon~a6ee may at hie option im~nediatdr npon institutio~ of eueh
eu:t or durinR the pendency thereof declrre thie mort6aae ~nd tbe indeLtedneaa ~ecured berebr due aed p~rable forthwith •nd may at
itr option procr.ed to forecloee thie ~nortE~~e.
~ (g) That the Mort6a~or will keep all real a»d persoo~l prnperq now or hereafter encumbered by the lien of thie mettp6e insnred
~a may be reguired from time to ti~ne by the MoR6asee a~ainst loa br 5re, MipdB101'itl and other hs:ards, caeualtip and contin6eaciu
for aueh periods and for eot lew ihaa snch unoupL u ~aaT be eEqaired by tbe Mort6a6ee and to pa~ prompdy w6en dne rll premiume
(or ~uch insuranre. The amounu of If18U[~pf.t reqaired b~ tLe Morttaa6ee e1u11 be the minimom ~mounte for which ~aid insurrnce ehall
be writt~n and it eh~ll be incumbent npon the Mort~a~ar to maintain tatb additioa~l insarantt e~ mi~ be nerusar~ to meet rnd cooiplr
fully with all co-iasuranee reqniremenb coata~ned in Nid polieie~ to the ead t6~! t6e wid Mort~6or is not a eainaaror cherean&r.
Ineurance e}ult- be writtea by ¦ company or eomp~nid •pp~oved or desi~uted by t}~e Mort6aaee and allpo litie~ ~nd renewale thereof
ehall be held by the Mortsasec. All deailed deaisnstious b~ tl~e Man6a6or ~rhicE ~re aecepted by the Mort~6ee ~nd ~ll •6reesueats
between lsort~a6oc aad Mort6aaee rel~tin6 to imar~see, Qoer ea~istin6 or hereafter made, sball be in writin~ aad ehall be • p~rt of thia
mort6ade ~areemene ~s fullr aa thou~ at forth verba?im hereia ~nd ~hsll 6overn both partite hereto ~nd tluir wccearon and asti~;ns.
~10 lien upon an' of e~idpo liciee o( ineunnce or upod an~ re(uod or retnrn premium which may bt parable on tLe uncellation or
termination thereof, ahall be Riven to ather thin tbe Mort~n~et, except br_proper endoreement •Aixtd to encb palic~ aod ~pprovcd b7
biortsagee. E~ch poliep of ineurance ehdl hue alFxed thereto • Sundard IYew~ York Mort~agec Clause withoat Cootribntion, m~kinR
•ll loss or loeaee nnder euch pnlicy psyable to tbe Mort~~6ee aa its inteer,~t msy appear. In the event an~ enm o~ snme of money becomc
payable thcreunder the Mortgi~et ~hail have t6e option to reeeive •nd spply the eame on ¦crount o( the indebtedness herebr eeeured,
or to perrnit the MonRaEor to rcceive snd use it, or rnr prrt tl~crcof, wit6oat thereby waivin~ or imp~irina anr eqoity, lien; or ri5ht
under and by virtne of thie mortKrRe. In event of loe~ or p67airal damaEe to the mortRa~ed propert~ the Mort~a6or shatl ~pve imme-
di~te notice thereof b7 m~il to the M^rt~taRee and thc Mon~aEee m~y make proof ot loae if ihe s~me is oot made promptl~ b~ tbe
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