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HomeMy WebLinkAbout1519 1' • 1 ~ i PROVID~Dy ALpAYS, that it tbe Mostaaaor s6aU p~y unto the Mort6a6ee the indebtcdnees evidenced br ~ ccrtain promiewq note ot ~rhich the [ollowins ia wo~ and SRuns is a true copy tawit: /KaN~9O~ ~O~ ~ ~1.~50•00 Miun;. Flori~a ~''~'l1"'s~ ~1~ 19K ~i'': FOR VALUE RECEIVED I p~~ WY co che order of ~ - ~ ~ che principal sum oE~ DOLLARS, together with interat chereon from date at the rate of ten ptrcent. per annum until maturity. both principal and inttrat beingpa yable in lawful money oE the United States at 203 Roper Building. Miuai, Florida. or at such other place as the holden hereot may designate in writing. Principal and intetest payablt in installmenta as follows: !lis~-~t"ii?~ (~35•~} ~ son1~ 1s~mri~i aa t1~ iS~ dq ot yaril~ 1~iL. ~d eaatisain~ ao !l~ lstl 8y . o! ~aei~ an~ ~n?~ aostL t~a~!'l~ar a~til ~si~ in l1it1. ; ~ i ' This note may be prep:+id in ~vhole or in part aEter one year trom the date hereof upon payment ot a penalty eyuivnlent to tNO percent of the principal sum prepaid. Each inscallment payment shall be credited fint on the interest due. and the remainder on principal; and interat shall thereupon cease upon the prindpal so aedited. ! The makets and endoratrs of this note further agrte to waive demand. notice oE non-payment and protest. and ~ in che event suit shall be brought for the collation hereof, or the aame hu to be collected upon demand of an auorncry. ~ co pay reasonable attorney's fees for making auch collection. Deferred payments hereunder ahaU b~r interat at the rate of ten percent. per annum from maturity nntil paid. ~ This note is secured by a mortgage of even date herewith and is to be conswed and enforced according to the laws j oE che State of Florida; upon deEault in the payment of prinapal and/or interest when due. the whole sum of principal ' i and interest remaining unpaid shall. at the option oE the holden, become immediately due and payable. ' ANNr; LEE COI,LINS ~sEAI.) ; ~ (SEAL) a nd e6aU perform, comply with and abide b~ eacL and ev~ t6e stipnLtio~, a~eemeaste, oonditiom and oovcnants of aaid pmmieaory note and of tbie deed, then this deed and the estate thereby created shall ur.ase and be nnll and void. 1. The Mortgaaor henby ooveaants and a~+ees: To pa~ dl aad siesaLr t6e pri~eipd ~ad intere~t a~ ~I~r sm~ ~t ~He7 P~7~ b~ si~toe ~t nia prw~i~wq ~ote ~nd tLi~ deed, eitber, Prosp~7 en tbe d~r reapettinl~ tbe ~~~se M~arfU~ bt~oma ao~ (b) To permit, eommit or wEu ~ wra~ a~d to maimaia t6s iopr~vemaw ~t all tima i~ a st~ ~~d rep~ir d e~nditi~n; and to do or permit to be done te wid premi~a aotLi~` t6~t will dter ~r eL~a~e tbe a~e asd e~raeter ot pia le~pe~t7 ~r is as7 ~+ay impair or weakea tbe ~ee~rit~ ~f tbis mortp~e. And ia tare ~t 16e rdwl, ~csleet K irbi~t~ ~i t6e 1[~rtps~r n r~ir ~ed usaiwie " ~ wid ProPert7. t6e ~ortP~ee w7. at 6i~ ~ptioa. aake ~~el reqin ~r na~e tk ~ame u 6e oaae, a~ ~i~ra~ce m~oer ie tL~t be~lf. ; (e) To par all md un~a1ar the tua, w~t~, levia, liabilitiea. ~d ~blipti~ ~(eve~ ~re ~a aid iaeribe~ pnput~ eaeb ~ md eveq rrLea doe ~od pa~aWe ~oeordins to 1~~r, bdoret~e~ tie~eeme r4,lisqaeat, ~nd te ~eli~ t~ t~e l[ortp~ee e~ ~r bdere MareL € , 15tb of each ~ear ~u reeeipu evideaein6 tbe p~~meat oi aU lawi(a11~ inp~ed tua ~or tbe preoein~ eaie~d~r Tar; t~ indemnif~ tl~e ~ - Most6a6ee n~wa his demaod (or dt tuca, aaa~menb and d~r~s t6~t mar be ~weaed apos ~his ~etp~e ~s ttie isdeMed~eM ~eeared a 6erebr, and p~id b~ tbe mortp~ee, rvit6oat re~rd to m~ 1aa Leretefore eweted or 6ereJtu t~ be ea~eted i~sis6 p~~a~t of tbe ~ vrhole or m~ p~rt t6e~f upon the Mortpsee. ~bat pu ~ (d) To p~~ all wd ~in6ul~r t6e eosts, eLar`a aod espea~e~, indudio; L~m' fus ~nd ~Mtnet eow re~soe~bi~ iscarred or d~t an~ time b~ tbe Mort6asee beeanse ot the tiilare sn t6e part af the !1Rert~asor t~ Paform. unF~7 witi asd ~biae b~ e~cL and every ~ tbe atipalatioos, ~geemeats, eonditiow and coveaanu of wid presiswq n~te ~ed tbia deed. ~r eitLa, aea ~eqr aeL pqmeat s6d1 bear iuterat irom date at the nte of ten per eeatrm per wo~. (e) It is tartber co~eaanted ~od aFud b~ wd a tL~t in tbe eveat of ¦ sait beins iartitated t~ (~eee]we t6» mort~~e, t6e ~I~rt- 6aaee ~hdl be eatided to appl~ u aay time ~saeh t~redwee wit to t~e t~art mvi~ jari~dietioe riereet for tbe spp~iaio~ o( a reeei~u of all and sinsalar tbe mortp~ed ProP~+~7. ~nd ~t ~11 rea~u. i~oosa. t~Su. iMnes ~ad ~~ea tbereJ, Irom wl~ts~e~er sonrce dui~ed; and thereupoa it i~ 6ereb7 e~prewl7 a~e~uted wd ~seeed drR tLe Gmt ~ll i~rt6rri16 ~p~eiat weL reeti~ wilh the o~l po~ras and dntia of reeeiven in like we~; ui ~id ~ppoiwmeaR ~Ldl be maae b~ tbe eoort as ~ msner o( ~trid ri~6t to t6e lldottpsee, aad wit6out rtfereoee to the ~deqoae~ ~t inadeqa~e~r d the vdoe of tbt proput~ benb~ mertp~ed, or te t6e wlveacy ~ or iawlvent~ ot the lV[ort6a6on or w~ ot6er p~rt~ adead~eR N sneh sni~ Tbe M~rtp6or ba~ ~peciSeall~ waives tLe risht to ~ objeet t~ t6e appointmeet o( a tecei~er a~ doresaid asd ~eteb7 acpre~sl7 eon~enb that raeb appaintmeet ~hall be m~de as as admined ~ eqait~ aad ~s a natter of absolote ri6ht to t6e Msrtp~ee ud tL~t tbe s~e ma~ be done ~vitboot ptice t~ t6e ~t~et~ssor. ; ~ (t) If toredware preeeedin~ a6ould be imtitated ~pirt t6e pe~per~r eovued b~ e6i. mor~~~e ap.. aa~ o~bv L'ea .r eWm w6e~6er ' aUeaed to be soperior or jnnior to the lien d t6ia ~rtp tbe MortpBee rw~ at hu option im~sediuely npon iouitmisn ot sneL ~ suit or darins the peedeaey thercd deelare this mortp~e ~ tbe iodebtedeas ~eerred Lertb~ doe wd pqa6le f~rtti?it6 aed ma~ at Y ib optioo proceed to toredwe tltis mortp~ (6) T6at tLe Mortp`or will keep ol real md pat~ed propa4 n~w er Lereaku eaeumbered b~ tbe lien o~ this m~rtp~e ieaared ~ as ma~ be requircd trom time to time b~ tLe ~Iwtaa~ee apirt lor b~ fire, windsi~rn and otber 6wrds, eawaltia aod coatio6eocia ~ (or saeh periodr and (or not las t6an sac6 un«mM as ~ Le re~~ired ~tbe ~Iartp~ee aod to W7 Prompd~ ~rLea d~e dl pr~iom~ ~ for ~ach insnrance. Tbe amoanu ot iosnranee reqairod b~ tbe 1faRaa~ee be tbe minimm~ amouau f~r ~+lue6 aid inwranoe r6all ~ be v?rinen and it ~b~ll be inenmbeat npos tbe ll~ortp{~r q~ialais saei ~dditioad insoranee a~ ma~ be neca~ar~ to mee! ~nd compl7 ~ (all~ writh all eaiosaraaee requiremmu eoatai~ed in ~aid ~lides t~ t6e esd tL~t tbe tdd 11[~rt6rpr is set • o?iowror tbereunder. Insnnnce ah~IF be wriueo b~ • eompaas or eomp~eiety~p~v ea ~r desi~ted b~ t~e MortP6ee ~nd all~poUaea and ~ene~+als t6ereof ~ shall be 6eld b~ t6e Mo~t6a6ee. All duailed daip~ti~ bj tlre ~tortp~or w6ieb areaeoepted b~ tLe M~rt~~ee ~ad dl aBreea~enu ' bet~reeo Mortpsor aod Mort6asee rrJ~tins t~ iasnrasee, aew e~tin6 or hereafeer mad~ aball be in writin~ aad ~6all be a p~rt ot thi~ ~ mortpse ~areaoeat r Eollr as t6oa6L ~et ferth ~erb~ti~ 6erein and ~11 so~era bot6 partiea berct~ and tLeir weeea~on and ani6ns. ; ~ No liea npon d aaidpe litia d inanranee or opon te~ rdmd or returo premiam w6iel~ wa~ be p~~able o~ tLe ancellatioa or ! ~ : termination thereof. s6aq be sirea to m6er th~n tbe Moctp~ ae b~~ pr~per eodoneme~ a6oyed ta ateb poliq and appro~ed b~ Mortp`ee. FacL polie~ of io~nranee slull 6ase ~ed tLereto • Sta rd 1Vew York Mort~a6ee Clawe Mrit6oat Contribation, m~kina < d~ dl low or lowea mder aneh polie>p~ >able to tbe MortsaBee a~ ib iaterert ~oa~ appear. In ibe trent ao ww or wm~ of moner beeome j pa~~ble thereander tLe MortpRee ~6a11 h~ve t6e option t~ rcui~e and appl~ the s~me on aeeomt ot ~ indebtednew bereb~ ~ecared~ ; or to permit tLe l~ort~sor te reeei~e aad ose it, or an~ put tMreof. M?itbout tbereb~ ~+ai~ins or imp~irin6 an~ e.qnit~, lien~ or ri66t ~ ~ nnder ~nd b~ ~irtne ot tLi~ mortp~ In eveot o( lor sr p6pieal damase to t6e mart6s~ed propat~ tbe 1Nertp6or s6all pve imm~ e ~ diate notiee thereo( b~ mail to the Mortsa6ee ~nd tbe 1lottp6te mq make proof of low if the s~me is oot made promptl~ b~ tLe ~ 4 ~ + ~ a~ x~.41~ . . ~ ' ~ ~ ~ ; - - _ ~ ~ ~ t