HomeMy WebLinkAbout1501 P80VIDED, ALWAYS, that if the Mortg~6or ~hall pay unto the Mortgagee the indebtedneea evidenced by a
ocrtain pramiesor' aote oI which the lollowing in warde aad 6guree ie a true cop~ iawit:
A~/o~qo9s /Yo~i ~~1~s A, is
~ ~Q~~,~ Miatni. Florid:.` 19
FOR VALUE RE E1VFn ~~~~7 i~ ~ promisetopay
to the order aE_ ~a
che principal sut~ ef f DOLI.ARS, together with interest
thereon from dace at the rate oE ten percettt. per annum until maturity. both principal and interest being payable in
lawtul money of the Unittd Statts at 203 Roptr Building, Miami, Flarida. or at such other plact as the holders hereof may
designate in writing. !'rincipal and interest payable in installments as follows:
~~30.00~ Dellas~r_~~ ~o~t1k ~t 1~
" ls1~h ~t DMa~w1~s, 19~5. ~d ~at ~a t1~
; 1~i1 ~t ~st~ a~ri nnrt aoaa~ r tatlil
p~ii i~s l1v.1.
"I'his note ntay be ~>repaid in n~hole or in }~~~rt after one year ls~om the ilute hereof u~n E~aym~nt ot a penalty
eyuiv;~lent to two Nercent ot che principal swn prepaid.
Each installmenc payment shall be credited iirst on the inttrest due, and the remainder on Yrincipal; and interest
shall thereupon cease upon the principal so credited.
The makers and endorsers of this note further agrte to waive demand, notice of non-payment and protest, and
in che event suit shall be brought for the collettion hereof, or the same has to be collected upon demand of an attorney,
to pay reasonable attorney's Eees for making such collection.
Deferred payments hereunder shall bPar inttttst at the rat~ of ten percent. per annum from maturity until paid.
This note is secured by a mortgage oE even date herewith and is to be conscrued and enforced according tn Khe laws
of che State oE Florida; upon default in the payment of principal and/or interest when due, the whole sum of principal
ancl interest remaining unpaid shall, at the option of the holders, become immediately due and payable.
Calvin Lucas (SE~.)
Rena Mae Lucas ~s~,~
and ehail perform, comply with and abide by each and every the atipulatione, ~~reemente, conditions and covenants of
said promiseory note and oC thie deed, then this deed and the eetAte thereby created ehall cea~e and be nnll and void.
l. The Mortgagor hereby covenanb and agrees:
To p~~ ~11 aad ~inaular tbe prineipal ~nd intereat wd other som~ ~f moue) pa7able by ~•irtae of Mid promiswry oote and this
deed, or either, promptly oa the d~ri respectively t6e s~oe ~erally betoma due-
(b) To permit, eommit or ~u~cr no wa~te aud to mainuin t6e improvomcou at ~11 timta u•~t~te d aood repair wd e~ndiaon; tnd
to do or perrnit to be done to said premixa nothin that ~rill dter or ch~n`e tbe we ~nd rh~ncter of wid propert7 or in anr way
imp~ir or weaken the secnrity o( tbia morty~6e. An~ in case of t~e refnnl, ne~teet or ie~biliry tbe M~rt`aaor te re~ir ~ad msintain
raid property, the Mortp6ee rur, at bu option, avi~e snch rep~r~ sr uwe the ~ame to be o~adt, a4d ~dvanee ma+~e7~ in t~t behalf.
(e) To pay all and ein6ular the taxn, +wwmenu, lerics, liabilities. and obliptionr of everj ioatnre on aid aderibed property e+ch
•nd every when due and pay~ble sccordiaa to law, belorc tbe~ bceome dclinqueqt, ~nd to ,dtliver to the Mort~s6ee or or betore Morch
15th of e~ch 7ear ta: rceeipta evidencin~ t6t paymtnt ol dl Lwfuliy impo~ed tasa for t6e preudic~ calendar ~ur: to indemaity the
Mortga6ee upon hi~ dem~nd for •11 tasee, aesessmenta and eLar~e~ that may be aEBti'Cd UPOR lblt ~0~1~sE 00 the indebtedaeee eecured
hereby, and paid b7 the mortEaRee, without re6ard to •ny Irw beretoPore enacted or hereaiter te be en~cted imposina p~~meot of tLe
whole or any part thereof upon thc Mort~agee.
(d) To p~y all and ~in~ular the coete, ei~ar6e~ ~nd e:pemes, iodudin~ l~wqere' (ees and abstnct cops reao~ubl~ incurred or p~id st
•nY time br the Mort6aaee because o( the (rilure on t!u pirrt of the Nort~6or to peeform, toa~plr w~itl~ md abide b~ dch wnd every
the stipulation~, •Sreemeota, conditions and <o~taants oF s~id promi~eor~ note ~nd t6is deed, or eetber, aad e~ery weh parment ehall
bcar interdt from dxte ~t the rate of ten per centum per annam.
(e) It is further covenanted and ~?greed b~ wid partin t~t Ie tbe event of ~ snit bein~ in~timted ta Fsreelose thi~ mort~s~t, the il~urt•
6a~ee ohaN be entidtd to rpply ~t anr time pendruK soeb f~teelowct wit to t6t ceort 6aviw6 juradictioa drerest tor ebe app~rimmieat
of a reeeiver of all and sin~nl~r the mort6a~ed property, and of all rema, incomes, probb, i~sna ~ad revtnna thereot, f~oua MLsewever
~ource dtrived; and thereupon it i• hcrebr e=prwtlr eovernated ~nd asreed tb~t tbe Conrt sball tertb~.itb ~ppoiut avd~ reeeiver ~?ith
the nrwl powen •od dutie~ o( receiven in like ca~a; and aid appoiatmeut ~11 be uude b~ tl~e conrt a~ a m~tter of suict ria6t to
the Mon6agee, and without reference to the adeqnYr,y or in~deqoaer of tl~t value of the proptrty hereby n~ortsa~d, or to the wlvency
or inwlv..ney of the Mort6a~ors or ¦nr other psrty defead~nt to sueh suit. 'Y'he Mortaaaor he~+eby speciStslly wrives tbt ria6t to
object to the appoiatment of ~ reeei~•er r~ aforeaaid ~nd bereby expresaly coneeats that sach appointment a6a1) be made u an •dmitted
equity and as • matttr of ~baolute riRht to t6e Mott`s~ee wd t~t the eame msy be done without eoticc to the Msrt6aaor.
(f ) If foreclosure proceedin~e shoald be insiituted ~~inrt tbe property cavered by tbis murtar~e apon any et~tr lien or c4im wheth~er
•llesed to be superior or junior to the lien of thu mort~se, the Mort6saee msy at hi's option immediatel~ npoo institution at such
auit or durinE the pendency thereof decl~re this mortp~e and tbe indrbtedness ~ecured hereb7 dne ~nd p~rble forthweth ~nd roay •t
it~ optian pro~eed to forecloee thit iuort~a6e.
~ id1 ~~t tLe Mort~~or will keep all re~l and penand propetry now or hereafter tneumbertd 67 ttx licn o~ this mert~a6e inaured
u mar be required trom time to t~~ne by tbe MoRsasee ~6ai~t loss b7 6re, wiad~torru and otbe~ luuarda, asudtid aad contin6eneia
for Eueh periods and ior not less thap auc6 amo~q u ma~ be requirtd by the Mort~a6ee md to pay prampdy wbcn due dl prcmiome
for ~uch insuranre. The ~movnte o( insunace reqnired b7 the ~[ort(~a6ee ~ha1l be the minimvm amounts for whicb asid insannee shsll
be written and it ~hall be ineumbent npan tbe MoRp~or to maint~in ~nt1~ ~dditionrl 'sosnraoce as mar be nti:dssr7 ta mtct rO~ CO~I?p ly
fulty with all co-iruurance reqairemenu coauiaed ia s~id p~licie~ to tl~e ead tlut the aid Mon~s~or is not a co-insaror therennder.
Inwrance shslt' be writteo br a eamp:ns or tompanid approved or ddipwted by the Mort6a6et and allpo [itid aad renewals tberco(
ehdl be held by the Mort~6ee. All det~iled daiputioar by the Mort~a6or Mhich ~re ~cceptcd b~ the ~ortsa6ee and all a~eenunte
betwecn Mart~s6or rnd Moirtsa~ee relatin6 to iacaran~ex„ aoM d~i~tin~ on c~rrafttr madcw sLsII be in writin~ and sha11 be a part ol' thie
monss~e a~eement as fnlly ~s thou~h ~et forth verb~tim herein and aLsll aovern botL partice leereto and t~eir ratce;MOn end aesip~s.
No lien upon sn~ of eaid policiee of ineunnce or npon an~ ref'nn~ or return premium w6ieh ma~ be pa~tble ou t6e caocellation or
termination thereof, shall bc 6iven to otl~er thaa t6e Mortsa6e~ e:cept by~proper endoraemrnt aAixed to ench polic~ ~ed approved br
itort~,rasee. Each policy af ineuranre ~hall hue ~flixed thereto a Stsndard New York 119ort~a ~ee Claux wit6ont Conttibntion, making
•il !o~ or loesc~ nnder eueh policy p~q~ble to tbe Mort~asee ae iu interM ma~ appear. Yn the event an7 ~am or saiw ot money becomc
payable the~ennder the MortgaRee ehall have th~ option to receive and apply the eame on stt'oant ot tht indebtednd~ heroby secnred,
or ta p~rmit the MonRagor to receive and use it, or any paR therFOt, withoat thereby waivina or im~irin ta~ cqnitq, lieat or riEht
~snder and by virtne of thir mort~aRa In rvent of lu~ or phreiral datua~cr to thr mort~tased properts the ~ortRasor ehall R~ve imme-
di~te notiee thereo( br m~il to the MortFaEce and the Mort~aRce may make proof of loes if the s~me ie not made promptl~ br t}x
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