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HomeMy WebLinkAbout2556 S . + i PAOVIDF.D. AL~PAYS. that i~ the Moetaa~or ~hall pay u~to the MortRaReer the iadehtednees ~•vidc~ad by a • «'riais oroe~niiw~orv aote ot whic6 the followint ia words snd 6Rures i~ a true copy to•wit: /~aN~~1~ ~p~ S_~~100.00 , - Miuai. Florida >o~+rl~s 1~~ ~g K ; , ~ FOR V.ALUE RECElVED Vt. ~O~'w ~il ~1v, ~ promist co pay I ~u ihe order of ~L~! Q,~~ ai~ ~d,? Q,~~~ ~I~c pri~cipal sum of FI a~~pQ• DOLLARS. togecher with incemt ~hereon from cl~te ae ehe rate of ten percent. per an~um uneil raatutity, both principal and incerest being payable in la..•Eul money of tt~e U~ited Suta at ~03 Roper Buitding. Miuni. florida. or at such other place as the hoiders hereof may ~iesignate in writireg. Principal and iRterest payable in insullmtnts as tollows: O~s1~T (~60.00) Dat1~s~ rs ~oa~ tos ~is~j' ~i0) ~~tin ~oaiY~, as t?~ ls~? iy at ~a~i aai Nr~ ~ti~ 1~iwata~ o~ 1i~ l~j~? ay ~~i~~ t!~ t~ iria~ ~all ~ooit d~wla~ri ~~jnt11~~~ 19?Z~ `I'his note may l~e prep;~id in ~.hoie or i~i ~~art after one }ear Irom tl~e ~tate hereo( u~w~~ payn~ent ot a penalty rywvalene to tKO ~ierrent ol the pri~cepa! aun~ pteµ~id, Each installment payment shall be credited tirst on the interest dve, and the remainder on principal; and interest shall thereupon cease upon the prindpal w credieed. The maken and endonen of this note futther agree to waive demand. notice ot non-paymen~ and procat, and - in che event cuit shall be brough[ for the cotlection hereof. or the same has to be collected upon demand of an atcorney. co pay reasonable attorney's [ees for making such collection. Deferred paymenu hereander shall bsu interest zt the nte of ttn percrne. per annum irom macurity until paid. This note is secured by a mortgage of evtn date herewith and u to be rnnstrued and enforced according to the laws uf che State oE Florida; upon default in the paymtnt of prinapal and/or interest when due. the wt~ole sum oE principal ` ancl incerest remaining unpaid shall, at the option of the holders, become immediately due and pa~rable. • ~Lia~ ~r? ~ ~it. ~SEALj ~ m~ J. rstl~c., .fi a.s3 ' ~ ei Zii~t o~f ~sl~ Jadc• ~ ~~ir'~ ~s~.~ ~ ~at, • ~ a i and shall perform, comply with and abide by tac6 and every the ~tipulationa,t a~treements, cooditiow and cavenant~ ot , eaid promiaie~ry note and of thie dKd. thcn this dted ~nd the dtate thercby cn~atr.~ shail crsu~e and be null and void. 1. The Mortgagor hercby covmanb and a6rees: - To p~~ dl ~ud un~ular tLe pri~eipd ~nd intercat ~nd otLar aam~ st ~noae~ ~u~~ble by airtue oi ~aid p~omiswry nute a~d thi~ deed. or eitLer. promptl~ oa t6e d~ri re~pteti~dr tbe wae ~e~rerall~ beeome~ dre. lb1 To permi~ cwnmit or ~u~u iro wsqe ~nd to msin4iq tbe impnvemc~J at al! liu~es in a uatt o( ae~d np~ir ~ t~nditiss; and to do or ~+eemit ~o bc donc to Nid premisd nothio6 tb~t wrill alter or t6u~se tbe we aad ~lur~cter of yid properf~ ~r in an~ w~y imp~ir or .+akeo ihe ,eeor:i~ .f ~his monR,.Re. And io care of t6e ref~wl, sesleet or inabiliq ~t t6e Mertp~r te rep~ir and a~ai~taia uid propcrt~~ ~be Mona.R.e .~a~~ at L'u optioe, m~ke ~ae6 teqin er ua~e tbe ~ame t~ be awae. awd ~anee wone~~ io tlwt be6alt. l e)?o p~y all aad ~iaRnlar Ihe t~:n. ~swemeau, levin. Wbil~ia. wd obliptioo~ ot ereq o~t~re sa wid ancribed Pr~per~y eaeh snd tverr v+hen due •ed pa~d~le accordioR to 4r+, bet~rr become delipuent~ wd-to ~dtl~ver t~ tLe MortpRee oa or belere M~re6 lSth of aeh ~ear u: reeeipu lvtdtqtlp~ ll~t ~]A1tOl O~ ~~ull~ iopoeed u:es for tbe preoedio6 ulendar ~ar; ts indemsif~ ~e HortpRee upon hi~ dcmand for all taxea, wewmenta asd ~Lar~es t6it mar bt assd_•ed upen t6i~ ooriRsRe on Ibe indebtedser ~ecotrd herebr. and p~id b~ the mortRaR~. wi~hont reprd to an~ laMr Leeeteferc emeted or her~~iter t~ be e~uctrd impwinR yqment of tbe •rhole or an7 p~rt th~reof upon the Mort~Ret. 1 d 1 To p~~ ~11 and ~ia+tul~~ t6e cwta. ebar~a ~nd eacpea~e~. iadudius l~w~en' fea ~nd sb.tnct eosta reaso~ublY inewred or P~id ~t an~ time b~ tbe 3[ort~asce bcnuse of ~he f~ilure on ~6e p.rc .t ~l,e MenE.aor pedor,n. eo.~pl~ wi~ .sd .b~de b~ nck .nd every t6e ~tipulatioo~ aRrecmeau. eonditions and covcweu of wid ptomiwon note ~nd tlw deed, or eit6cr. ~ed e~ery wc6 pqment ~~]I bear interat frwn d~te at the rate of teo per ceetum per ~esmo. (e! It is funher eo~enanted and •Rreed b~ wi~.p~ rtin tb.t is tbe e~em of a sui~ beia~ i,~ai~med iorerla.e d,i~ mon~~e, tbe i1Kt. ~Ree alull be cntitled to ~ppl~ ~t an~ ti~ne peediu~ ~~e6 f~recl~wre ~ait te tbe eeort Iwvi~s juri~dieti~e ebereof for the app~iamest o( • reeeive~ o( ~ll and ~inRalar the moni~ll~d P~~7. ~od ~I ~li renu. iwcMey pn6t~. iwuey ~sd ro~mnc+ tbertai. fraa vdts~eru aouree derived; and tbcreupon it i~ hercbr expre~tl~ e~~e~nated ~wd asreed tL~t t6e G~wt ~ll ~~rtlnrit6 ~ppoist sael~ reeei~ writh tbe wwl powen ~nd dntin ~?f r~iven in like e~r,s: ~sa ~~paiatn~eAt ~11 6e maae by t6e conrt M~ nwner ot ~triet ri~6t to the MortRasee, ~nd writ6out rclrrcn~e to the ~deqwc~ ~r inadequ~e~ o~ t6e value ot tbe propnt~ hereb~ moripRed, or to tbe wlreocy o~ iawlrener of the NnrtRaRon o~ •n~ ~ther p~n~ detead~at t~ weh snit. The bl~rtpeo~ bereb~ ~peeifwll~ wai~a ~be rifht to objeet to tLe appoiatment ot a?eeeiaer is dore~id u~d bereb~ espre~slr censeatc that rsc6 apooentment ~hall bv m~de u sn ~dmittcd equiq ~ad v• satter oi ~bolote ri~t to tbe Mottp~ee ~sd t1~t tbe wne rna~ be done aithonf oolieY te Ihr MorlpRor. U toreclo~ure preeeedinRs ~hould be iaaituted ~pi~t ILe ~ropertv eovered 6~ t6i~ mertpRe rpon ~a~ other lien or el~un wrbetber allesed to be superior or jun~or to the lien d tbis o~~etp~e. tt~e MoA~6ce ruar at his option immedistrl~ npon in~ti~mien d ay~h auit ~r duriea ihe pendeaer thereof declace tLis mottp~t aed t?e indeb~edweas ~ecured bereb~ dne •nd p.~abk t•nb..i~h ~wd wwr st ib optiod pto~etd to forc~lo~e Ihi~ mortpRa 17ui tLe Morl~Ror will ketp d1 real and pen~ed propertP n~~r or herrJter tecumbrr~d br tl+r lero of 1he~ mortp~tt imured aa ma~ oe required from time lo tiu~e br tbe Matp~ee apiMt lw~ b~ 6re, wriodatorm ~nd ahtr hanr.ls, ~a~ualtini sod eoetinRc~cin (or aneh periods ~nd for nol lw tb~a saeh ~IO01pIt~ Y M~ re ~e~.ired by ebc MonRaFee .nd ~o par Pr~.m~lr rrben dne alt pr~miuma for ~u~h imunaee. Thc ~mounu ot irwrnnce ~eq~ired b~ t6e 11lertas~ee rhall 6e the minimom ~mount• fer which ~aid imuranr~ ~hd1 be ~+ritten aod it s6c11 be incumbeen opoa t6e M~rtp~±r t~ a~i~uin web additioad insaranee u ma~ l?r nccpaary to meM ~nd coa~ply f41l~ aith all ttiasurasee teqoiremtnt~ ~oaMaieed is Nia Oslities ts tbt eod tbat tbe wed ~!o?tp~tor i~ not • ~o-in~nror ther~undct. Iraur~nee dult be ~+ritten b~ a eompao~ ~r e~mpaie~ ~p~~.ed .r derip~ued br ~be Mo~rtR.~ a~d all polirie~ ~ed ~a~evr~b d~e~eol ~6a11 be Leld b~ the Mort~sRee_ All detai4d desip~tioa~ 6~ t4e 11[~rtp~or whicb ~re ~eceptcd by th~ Martp~ ~nd dl ap~a~cou betwea~ M~rtp~or ssd 111~rtpace relatiaR t~ iwas~see, Mw e~tint ~r I~eredta m~de. ~11 be in •+ntin~ sed ~11 bc ~ p~n of tIw mortp~e ~p~eement a~ full~ a tLouRh ~et (~rth ~erb~tim 6erein ~ad ~11 so~ern botb p~ttiH hrrMO ~nd ~beir wecnson and awi~. No liea rpon ~s~ 01 uid iieia o~ iewnn~re er apow a~~ rdoed or retaru prcaiinm rbirb n„r be p.yabte o~ 1be aneella~ion or u [enain~tion tbereof, stull pvea to otber thw tbe ~lortp~ar, e:eeq br~ proper endornemrnt d6:ed ~o ~ncb ooli~~ ~wd ~Oproved b~ Mort`a~ee_ E~c6 polie~ of inwr~nee ~ull 6ue a~ed t6erqe a Standard N~w- York Mon6.RK (:I~u~r withoat Co~ribatien, makiaR . d1 1op or loae~ ~nder aae6 ~lie~ p~~able t~ tbe ~/etip~te ar iq iateee~t mar ~ppear. lw ~br e~~nt ~n ~nm or sum~ of money brrom~ pa~~ble thereander the MoARaRet ~hsll hare tLe ~ptiaw t~ recsi~e aod appl~ ~be wme on ~~~oun~ o( t~. inAebtednn~ herebr ~ecnred~ or to permit the M~rtp~~r to recei~e and a~e i~ ~r ar put ILer~w1. wi~ooi ~b~rebr «•;.;oR ~r imp~irint ~a1 eqnitr. lien~ or ri~th~ ~ under wd er virt~e t6i~ mort~pRe. Ia erent ~f 1~ K~L~f~I ~AYRt 1P III~ p10f1~Rtd i1(Opff1~ lIK MYft~RY~ {IMII ~Y! Ilqqlf- f d~~tt n~tiee tbeted b~ owil t~ 16e ltortpRce ~nd t~e i[ortp~e ~ear mske proef ef loa if the s~c sAt m.de pr«nW~1 bl ~be ~ i . . ~R1b ; ~ ~ 80UK z FiEGf ~5~ • ' . - ~ ~ • :F : - R - > ~