HomeMy WebLinkAbout0543 ~ •
PROVIDED, ALpAY3, tLat if tLe Mort~~ a1~aD pa~ nnto tbe Mortaa6ee tl~e iadebtedna~ evidw?ced b~ a
certaia promiMOr~ note o[ ~?hic6 ths followins is ~rard~ and 56ura i~ a true oop~ to-wit:
INSTALI.MF•1~1T NOTE
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F.r .a1M ~eed.~d ~~badpsd pna~i~es u Pq a 1w .~dsr .f {
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~ ~.a~ .r .__.T~c~.T~~a~od._Fix..Hu~d~r~ed.ud.eoll~_- - - - - - - - • - • - • - n.n.~
i. l.wtd Yo.«s et tti. v.itea ~.t A.~iea. t•pet6er .~itr iM«..t ti«~...r L.~td 1l...~, ~t t6. ~n. .t_._il~._
~ ..w.+ t~... a.~ ..w ~a. ~:.~.t i~e~st. pyabl~t i~ ~qw~ moaRl~l~
i~aRalls~NRs ot =5i. i! ~eY. commurcio~ JuN i, 1~6i, add co~otU~ui~ oo t~ tir~t da~ o
a~cY ~ad ~~nry causdar mosW tiMtr~a!!tr ustll i1~13y paid. All pyaatat~ ~b~ll b~ llr~t
~ppii~d to tM iccru~d iat~rsst. u~ tY~ bsla~c~ tirr~oi to_ tlit pri~cip~l. Fcom swd sti~r
ltq IOdT, pe[~tlep ia ~raat~d u~Ro tl~t auk~~s at t~t~ ~ot~ to P~P~7 tw ~aaa~ ia
~rl~al~ or is part upot p~?~o?~rt of a peypyrmNt cl~ae1-y ~qwl to two pts~c~ot oi tM tl~e
usp~id prtsciqal bal~ac~ or portio~ tl~tr~! beio~ pnpaid•
Ir ~f .da idt.ua+ewd n~e ..t » p.ld~ tbe w6ole ~f ..ia pdeeipd .~a o~a iute~e~t t. beeM.e ie~msdia~el, a.s ..a ~.aeitible ~t t6.
optie~ ~f t6e 6older ~f 16it note. 1be maker and eadoe+~er o( thiu ao~e furtl~ ~~oree ts wai~e /anaad. wotiee d Nwp~~ee~t ~ed pr~te~t
~sd i~ e«e wit ~Il bs bronR6t ter t6e eolleetioo Lereot, or tbe ame 6a~ to be eolleeted opoe demaod o( u utorse7. a P~7
~ttorss!'~ ~ee~ tK aukias weh eolleetioa [~ferred intere~t p~~ments to bear interat frem m~tarit~ ~t._~l~..__...--------.__....--P~'~ P~
- Perce~t Per Woo~.
~a~. P~7~{e ~1~. ~6ile in ddadt t6is asts thdl be~r iatere~t ~t t6e nte ~f ~0
p.~.w. « 5~0 Id. S. 5~th Str~e~t .~a/---D~wi~l__J. t3~rse,_ Jr.---- -----~____~s~.~
' !~l lrtst~i~_ E._.Qere-------------------~________..ts~t.~
~ ltiaml. Florida
,
~ K wri atLer plaee a~ ~6d1 be deriBoated b~ ~Le 6oldu ~ ~ .(SEAL)
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~t tri~ ~ote is ~rritia6.
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COPY Willicmn E. Moschell. Attorney At Law. Mic~i. Flostda
and ahall padorm, comply with and abide by each and evesy the itipulatione, a6reements, rnnditions aad covenants of
eaid promissory note and of this dced, then t}eis dee~ md the estate thereby created s6a11 cease and be nnll and void.
1. The Mort6aaor heseby covenaab and aarees: I
(a) Te pq dl ~nd ~ia6u4r ~he priaeipd md imerat ~nd ~ther snms ~t meoe7 p~7~ble by cirtue ot said promiwoR note aod t6iu i
' deed, or either, promp~lr on ~6e d.r. respee~;vd~ i6e .a~e .e~erall~ beeo~ua dua ~
i (b) To permit, eommit or s~[er ne ~raNe aed te maiatau tbe improvemeou a~ aU times ia •~ute oi 6nod rep~ir ud uodition; aad ~
to do ~r pern~it te be doae to aaid premires aot6ia t6~t r+ill dter or eh~nse tlie me and eharacter d~aid propert~ er io m7 war ~
rn
impair or weakm t6e seearit~ ef tLis mortp~e. ~ in we ef d~e retnwl, oe6leet ~r imbilit~ ~f tbe M~rtpa~r t~ rep~ir ~od mai~tsia
wid propert~. t6e Mortpsee a7, ~t hu ~ption, m~ke soe6 rep~in or eawe tbe Mme t~ be made, aad sdv~nce msncy~ in t6~t beLaU.
(cl To p~r dl md sin6ular t6e t~:ea, wewment~„ levia, liabilitin. and obliptioo~ of eve~ oatare on wid daeribed prpert~ tat6
aad eveq ~rhen due sad parable aecordins to la~r. before beeome delisqneny ~ad to deliver to t6e Mortp~ee o0 or bdoro ,[arc6
lSt6 ot deh rear tu reeeipu evidenein6 t6e p~~eat of d~vniull~ uopo~ed tues tor tbe p[eoedia` caleodu tear: te indemni(r tbe
Mortp~te upoa his demand for all tua. wcMmenb and c6uss t6at may be ~ssa~ed upon t6is mortp~e oa t6e indcbt~ ~eeand
bereb~. ~ud pad by 1Ke mort~ace. writhom re~rd to an~ la~r 6eretofore caaeted or be~eafter te be emcted imposias p~paeat ot t6e
•rlwle er aa~ pait thereof upon thc Mortp6ee. . .
(d) To pq all ~nd sinsnlar tLe coses, c6ar~s ~od upen~ea. iadudin~ la~en• fea wd adstnct ewu ccasonabl~ ineor~ed ~rpu d ~t
aa~ time b~ t6e Nortpsee bec~nse of the (uture ~s tLe p~rt et t!x ~ortp6or ti perform, compl~ ~?ith and abide b~ aeb a~d e~ery
the stipulatioos. ~~eemeats. tonditiona aad.eo~eoanu of wid promiaor~ note ~nd tltis deed, or eit6er, asd e~er~ web p~rmest s6dl ~
bear iatuat (raa due at the rate of teo per centum per annnm.
(e) It iu furtLer eo~eaaated and ~6reed b~ wid p~rtia th~t ia tbe e~~cot ot a ~nit beiiE ie~titnted t~ t~reelaae ~ mortp~e, tLe 1[Kt• i
p~ee r6d! be eatided to ~ppl~ at ~ time peodws sae6 [~reelesnre snit t~ tbe eoart 6~vis` jnr»diaioo eiereof tor tLe spp~iatreat 3
ot a rceei~ of dl and siu~alar ~6e mort6~6~ P~7. wd et all rents, iaeo~we~, pr~6u. inua aad re~ea'a tbere~f, from wL~t~evu
souree derired; and tberaupoa it i~ bcreb~ ezpreKl~ e~~cn~nted sad a~eed tb~t tLe Conrt ~11 fe~ith sppoist saeh reoei~er witL ~
tbe wwl po~ren and dnties o( reeeivers in like ca~a; ~sd said appoinm~ent ~6d1 be m~de b~ tbe coart a~ ~ mstter eI ~trid risLt to i
t6e MKtp~ee, and ~ritlwat refercaee to tbe ~deqoae~ ~r i~deqo~e~ of tbe valoe of ~6e prepertp bereby mKtp~ed, or t~ t6e wl~eoe~
or iawlveoe~ of the 1Nort6a6on or an~ etber qrt~ de~ead~nt N sac6 sui~ Tbe Morip6or 6ereb7r speei6ea11~ wai~e~ t5e riaLt te
ebject to the sppointment of a rceeia~er u doresaid asd beteb~ eipreMl~ e~n~eau t6at sae6 ~ppointmeet ~6d1 be m~de as ao ~iitted
eqnit~ ~nd as a muter ot absolute risla t~ tbe Mwtp~ee ~nd tL~t t4e wae mq 6e dooe ~+itbout aotiee t~ t6e ll~rtppr.
(t) If foreelosure proceedin=s shonld be in~tituted ~piaK t6epnpe rtr eovered b~ t6is mortp~e opon ao~ otLer L'ea ~r daim w6elher
allesed to be supuier or jnnior to the liea af t6i~ meetp~e, tbe Mottpsee ma~ ~t 6is optios imeaedi~tel~ opoo iu~titution d toe6
sait or darins the pendeoer thereof declare this a~ortp~e aod tLe indeMedsas ~eeored bereb~ dee ~ed p~~ble f~rtMrid~ ud ~
~ its option proceed te forecla~e this mortpst.
(6) T6~t,tLe ~iortppr ~rill keep all red ~nd P~~~ P~oPuV n~w or berca(ter eeeumbered by the lien d this ~n~t8s~e iawred
as uur be reyn;~ed from Lme ~o ci~ne br ~be l[oecp~.ee apina lws by 6re, winduono and otber basards, asaaltia aod e~in~eaeie~
t~r stie6 puiod~ aad (or not las tban sne6 amonsu as be reqaired bx t~be 11~ortpBee aud to W7 ProoPV7 ~+Lew d~e dl pre~imos
tor saeh iowruea T6e amoonu ~f in~arasee req~ired b~ tbe 1[ortE~6ee ~all be tke miaim~ ma~sts for wLieL Nid ianra~ee ~It
be Mrriuen and it ~ull be i~ambmt ~poo tbe 1~[~ctp~er to m~iouin web additiosd in~~ranee a~ m~~ be neoa~aq u~seet ~sd r
[
tnUy nit6 all eo-inwrasee rMairemeab eoeuiaed in Mid pdieia t~ ~be ead tbat tbe said l~~rtppr ir set ~ o?imvor
Iusuraoee.aMll be ~?rittea b~ a companT or e~m~yia~a~n~
ed ~r dai~mtedb7 tbe 1[~etp~ee ana all~policies ~ed eme~n4 tLereof
aball be beld b~ t6e ~tortp~ee. All ddsiled da~w 67 tbe 11[utp~ w6ie6 are~ b~ tbe l[~rtp~ee ud dl ~g~t~
beti?ea~ Mortp`or ~od Mertp~ee rdatiaE t~ idaranoe, w~? ~iwos or beKattcr msde, ~U be is wri ' ~sd idl be a p~rt ~f tLis
ee
mortpse ~aeemeat r tall~ « t~w~h ~et fKth ~etbnim benia ~nd ~L~ll aotas bo16 partia benb ~sd~ weeeMOn and aMipr.
n
N~ lkn apoe ao~ ef ~aidp~
Beia jnwn~ee er upos ~ ref~sd or retars permiom ~r6ie6a~a~ be~ p~~abk ~~e asodlatios ~r
tumination tbereet. a6d1 be pvea to et~ th~s tba Ido~tp~ee. cept 67~pr~pa mdor~eme~t ~~ed t~ ~ P~f 67
b[ortPi~ ~b P~~7 of ias~nnoe ~11 Lau a~ed t6eret~ • Staod~rd l~c++ York M~rtp~ee Clawe witbwt Co~tribotiy. m~kia6
all las K lw~a asder s~eL p~1i~.7 p~~We u tbs ltortp~ee as iq iste~at a~7 ~PP~*. L tLe e~eot ~~r s~ of a~o~e~ beeose
P~Td?!e t6ereander t6e 1ilortp~es ~11 ~~e tLe ~pdN t~ reed~s ud tbe wme ~o ace~~nl e~~ isdebted~a~ ~b7 ~eeored.
or a permit tbe lbrtps~t t~ reeet~e aod ars h. K u~ P~rt t~s'e~. w'~i~ tbereb7 wai~i~i K u~~ ~7 ~~7. ~ir ri~t
maer .na b, .irt.e ~f t6j. ~rtp~e. Ia e~e .t lo.. .r ~k,.icd aw.~e tbe m~rtp ~ed P~+ra+~~tbe Y.rtpnr .6.n irs
diaee oodes t6eroof b~ mail a tbe 1[~rcp~ee aod t`e Y~rep~ a~ ~.~ke pn~f ~t 1~ if tbe Moe b~.t m.de Pr«~q17 h~
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