HomeMy WebLinkAbout0692 -
PROVIUEU. AI.~i'AYS, tLat if the Mortaasor s6al1 pay unto the MovtRaR~+e the indehte~~nees ~vi~trnced br a
c~rtaia promi+wr~ note of rrWch the [ollo~rin~ iu wor~la and 6guea is a true copy tawit:
Mattqa9s /yols
~.~~.oo _ . ~;a~;,~o~:~.- '86-
FUR VALUE RECEIVED = promise to pay
' io che order et ~~b ~ '
~ ehe principal sum ofA~ ~j~l~_~_nQ~_?=rj=...~...~DOLLARS, together with inttrest ~
=_hereon from clate at the nte of ten percent, per annum until maturity:~oth principil and interest beingpa
yabte in ~
lawful money of the United States at 203 Roper Buildiag. Miarai. Florida, or at such othet place as the holden hereof may
designate in wricing. Principai and 'e~tenst payable in i~stallmeats u follows:
i'~t+~8~t1~ ~ ~ZS . QO ~ D~l~.a~ p~Y' i0IIt~1t b~g1~f a~ Oa t~l~ ls~l ~
dy O! D~OV~b~s~ 146~ aad ~oa~~ on !h~ lst~h deyr oZ saoh ~
au~d ~n?sr~ aoath th~ar~ai't~r until d in~ l~11.
,
~ This note may be prepaid in ~rhole or in },art after one year trom the date hereot upon payment o[ a penalty ~
;.yuivalent to tNO percent ot the princi~l sum prepaid. ~
Each installment payment shall be credited first on the interat due. and the nmainder ori principal: and interat ;
; shall thereupon cease upon the prindpal so credited. ~
The maken and endorsers of this nott further agree to waive demand. notice of non•payment and protest. and ~
~ in che event cuit shali be brought for the rnllection hereof. or the same hu to be collrcted upon demand of an attorney. ~
~ co pay reasonable attorney's fets for making such eollection. =
~ Def;:rl-a rayments hereunder shall bear interat at the rate of ten petcenc. per annum from maturity until paid. i
' ~?.es note is secured by a mortgage of even dat~ herewith and is to be construed and enfotted according to the laws i
; of ch,: Stece of Florida; upon de[ault in the payment of principal and/or interest when due, the w6ole sum of prinapal
j and interest remaining unpaid shall. at the aption of the holders, becomt uamediatdy due and payahle.
~ - ' :
~ ~ici3c~lta ~,:illiaws _ ~SEAI,) ;
1 (SEAI.) .
L
;
>
a~d shall perform, complY with and ibide by each and every the ~tipulation~ aRreemrnta, coaditi~w an~ coveaanb of
aaid promixanry note and of thia deed, then thia deed ~nd the eaute thereby ere~at.~ shall crawe sad be null and void
1. The '.4lort~a6nr 6ereby covenants and a~s:
la l To par all aad QAsYIa~ tbe pri~eipal md imetui aud NLer ~onu ~f m~ne7 W7~ble by a irtue of raid promiNOry aute ~nJ thi~
deed, er either. prompl~ on t6e d~Ta Kspecti~el~ tLe wme ~toenll~ betNOe~ dae.
Ibl To pennit, commit or ~~er ao ~aNe aad to m~iateia tbe ~~opr~vemeal~ ~t sU timu ie • uate o( ~o~d rep~ir wd eenditi~o; ~ad
to d~ or pcrmit ~o br done to wid prcmisa ~o~hias t~t vrill dter ~t c6u~t tbe wt ~nd ~tur~ttcr of ~aid propeet~ ~t in ~n~ ray
imp~ir or wtaltm tht ~ceutil~ ~f ihu mort~{,~Rt And ia ta~e o~ fbe relwl, oeslett ~r inabilil~ ~f tbc 1N~ri~~r !e rep~ir ~nd maiNaio
! wid propert~. the Mortp~tee ~u7. ~t bu ~ption. enske ~ocl~ repin er nwe tbe wae te be~nade. a~d ~daawee monep is tbrt belulf.
i
tel To par dl aad ~in~tul~r the t~:es, aunanenu, levia. lisb'slitit~. ~nd ebliPU~ ~f tvM sunrt ~e wd ieK~bed ar~pertr uc6
~nJ everr ~rbee due •nd p~~~We ~ct~rdinR te law. beforo t6e bteonx ddipueay ~sd ts ~deliver ttie Mort~see ow ~r befere 1l~rch
lSth of a~h ~e~r t~= reeeipta evidenciaR tbe pqvieat ~t dl ~ull~ impe~ed uzes ~or tbe pKCedio~ alead~r yar t~ indcmaif~ the
:HortReRee upon his demsad for afl ~uzea, aaea~menb md ebup tlat au~ bt asses.~ed upsn tba o~ctp~pe ~n tl~e isdcbtedeeM ~ecured
herebY, aod p.~d by ~he msrlpRer, rri~how reprd to mp bn Lteet~f~re taatted or ber~~fter te Le ea~cttd ~mPO~~AR ~]~I~~Of ot tbe
` wrhole or an~ p~n th~reof upon 1hc~MortpRee. ,
' la~ To pq all u~d sinRular t6e eosts. ebarsa sod espea~e~. i~dudins lawTers' fees aed ab.tnct coqs ~easowblr iaeurred ~r p~id
~ ~n~ time b~ the MortR.Ree bec~use o( the f~ilure oe tbe put ef tbe ?I~Ktppr t~ perforn~, coo~pl~ w?ith ~sd abide b~ ach and everr
I the ~tipnlationi. ~Rreements. eonditions ~n~ co.ewnu ot ~aid pro~iswry sote ~nd t6is decd. or eitbe~. ~od e~rery wc5 ~~meat ~6a11
bear in~erut tro~e d~te ~t the nte of ten.per cestom per aeau~s-
lel It i~ (nrther eo~cnanted aad aRreed by widp~ rties t6~t u tLe evem of a sui~ bei~R i~Mitnted t~ (er~cl~ tbis mortp~e. ~be ~lKt-
~Ree ahdl be entidcd io ~pplr at aes tirae pmd'w~ ~seb t~etd~re ~ait u d~e ce~ut luvie~ juridicti~u ebereof tor ~6e spp~iotm~t
d~ recei~cr o( aU ~nd sipRulu ~be morti~i~ P*~P~+i1. aod all tcnu. iae~a. Pro6tr. iwuea a~d terenoes tbereof. from w~wevcr
source derived; ~nd t6ereupon it i~ hereb~ e:pre~slT e~oewuted ~sd ~~esed tLit tbe G~wt s6a1) iwtbrrit6 ~ppoiat ~aeL rteti~rt~ with
tbe wwl pe~?en aad dnties •~f nwiven ia like e.re.s; ~si ~~pai~newt ~11 be m~de b~ the eoart M~ outter oi ~triet riRitt to
the Mort~Ree~ and r+i~hout rd~rence [o the adequae~ ~r io.deqo.n v~~~ ~r a~oApRed. or to the wlvency
or i~uol~rotr of the iitnrtRaltors or ~n~ e~hcr p~rtr ddtnd~ot N sm6 snit. 'j'ht Me~t~ltor 6eteb~ apecifxall~ w~ivei tbe riEbt to
object to ~be appoiatment of ~ rteeiver n a(ons~id ~nd bereb~ a~preMl~ c~nsents tb~t sach ~ppeimment ~ball br aude y an ~dmi[ttd
eq~ii~ and v• m~tter of ~bwlute riRht to ~be Mortp~ee snd 1d1t tbt s~a~e reu~ be done M~I~IOYI 06I~M ts thr ~1oclvRor.
(f ) U foreelosurc proceedinaa ~hould be imtitnted ~pirt tLe pr~perl.r eorered br tLi~ mo~tlt~lt~ ~n ~e~ otber lien or c4iw ~+btlbet
dleaed to I~e superior or junior to tht lien of tL'u mKtp~e. 1be blertp6te m~~ ~t hia option immedi~telr npon ins~i~ution ~ueh
suit or durias the pendeae~ thereo( dec4re this _orip/s esd tie indeMedwe~s ~red ~enb~ due ~nd p~7~ble f~rth..iih ~sd ~oa~ ~t
~ iu optioa prore'd to forr~lae lhiu wortµ~
E (s? 'I'h~t ~be Mort~spr wrill kecp dt real ~od perwad prepert~ n~~r-~r hereJter encumbrred b~ ~he licn ot tbi• mertpRe imured
~ mar be rcquired Irom time to ~~me br tbe btortp~ee ~piaN loa b~ 6re. M/O~IO[IO and other Fus~r~c, ~~~naliit~ aod centin~tesrie.~
~ for ~oeh pe~iods wd (or not Ias tiwn sueh ~m~unt~ a ss~ be e~eqoired br tLe MoripRee ~nd to psy pwmptlr ~+htn due ~11 pr~mium~
~ (or ~u~h inwnnce. The ~tno~nts o( inranace rey.;red b~ ~be Yert6~~ee Elvll be tbe minimam imount• Isr whi~h wid insunnr~ ehdl
~ be ~rrittea and it ~ball be i~cvo~beM upo~ tLe M~rip~t t~ m~iauia soeh ~dditioed inturuxe y ms~ iw necewhr to meM ~nd ~on.ply
~ fnll~ wrilh all csiwot~oce requircaxnu coouieed ia wd Nlieie~ t~ ILt tsd Ih~t Ihe wid MoripRor i~ net • ~o-ieanror thrr~n~der.
' imur~nee sl~lr be ~+ritteo b~ a compan~ or compoie~ ~pp~e~ed K dniprted br tbe MortpRet ~nd all p~?li~iea ~nd rrnerrals thereo(
~ .ha1l be 4td br ~he Mor~~.~eee. Atl de~.ited dai~..u.a. 16e N~rtppr rhicb ~re ~ecepted br ~h~ Morl~ltce and ~ll •~e~nxnu
` bctw,een Morip~or ~sd U/~rtp~ee reLdaR t~ iu~rttwce, N~+ e~tlia` K heredter oNde. sbdl 6r in rn~io~ aad ~ball bt.• Wrt of thi~
~ menpse •~reapca~ tdl~ ~bon{~ ~et iKth rerb~ti~ herei~ ~ad ~If `~ven bo~h p~rties hrrrto and ~beir wecawn ~nd awiRw.
" N~ lie~ tipee ~wT ~I widp~ lieia o1 ie~naee K~s re(a~d or ntnrn pnta~inm ..bieh m.~ be P.j.ble ea ~e unre!l~~iaa or
~ terminuion tberco~. s6d1 be p~en to N~er tby tbe MKtl~~ee. ratept b~~ Proper ~ndorsem~nl affned ~n Rucb polit~ ~nd ~pprored b~
~ ~iartsa~ Eacs pat':rY af issursacs s~ll h~e ~sd tberds o Suad~rd 1V~~ York Mor~oRe. (:i~u~ ~+i~hoot Co~tributien, m~kinR
d) low or Iw~e~ mdt~ ~acb pdic>p~ >~ble t~ t6e Morip/es ar ib iwteeeat mq ~ppear. In thr ev~nt an~ wm or sum~ of ~nooey b~~om~
~ pq~ble tbercnnde~ the Mortp~ee dull luve t6e eptiN te reetive aaa appl~ tbe s~me on ~our~t ~f tM inricbttdn~ l~crebr ~ured,
or to pe~it the M~ripR~r N reeei~e u~d we ii. K u~ p~et t~+e~f. witwm therebr r+~i~inR ~r i~op~irioR ur cqnity. lien~ ~r ri~tht
~ under ~ad b~ virtoe ~1 tltii ioortp~pe- iw erest e~ lw ~r oL~siral duuaRe ta the m~rtp~ped Prepntr the Monp~tor ~hall ~nve im~ns•
- di~te n~tice there~f b~ m~il ~be M~rtp6ee ~nd tbe Y~rtp~e ~y make prooi ef IoN if tlw wme is o.c m.de pren~p~l~ by ~be
gooK 159 PACE 92
. . . , •
~x `~r~ P~,~.
' s~:~ w. ~ v ~ . _ _
'r ^^;m~. d.,r~`""' -~w
_ e r ~~f -
- _ - ;i~,,-~,
_