HomeMy WebLinkAbout0089 PROVIDED ALWAYS, that i~ satd aartg,agor shall pay uat~ said aia~gee the oe~taia prom~ssocY
nnce hec~nAf~er substaatiauy oopioa o,r i~?a~Bed. eo-~~vit:
= 12 ~ 500.00 Foct U~decdale. Fls. ~iov. 6• 19 67
FOR YALU~ RECEIVED, I/~E. o~ eicher of u=. pco.ise to pa~ to ~e adec of
BIIg~, ~1C. , a ~lorids Cospo ~a o~
1'IiaLVB T80~ '~n vn/~ nr~s~--~~»-~-~~~~-••~°~~DOLLARS
o,~ 819 S. E. 9th Str~~~. Diucti~ld B~ach. ~los c]a ~
; ~~A ac t6e nte of !~X ___t 6~ ) p~ cent pa
wit6 InteKSt Itos
~~,nu~ ~mcil peid~ ~able as follo~s: Th~ principal ahal2 b~ paid in !1w ~S~ ~Qus
o annual ins~a2lt~ents of T'~o 4housand tio~ gu~dr~d and po/100 ~~.500.00)
Dollars ~ach. t~e tirst iQStallaant shall b~~ 6~ ~y~o~ .
~ - ~7ov~r 19~8, and ~ lik~ in~t~all~nt ~ha ~
~ X LL 8ov~bar o~ ~ach and every year th~seatte~c until tho ~ntirs prinoipal ;
t• shall b~ paid on tb~ uo~d ~
m o sum is paid. Au~aual ~.nters~t pay~?Qn
~ ~ ~ psincipal balanca and eaah int~s~st instslltas~at ~h~:l ~~1 ~t~s ~
W~ t a
u
e o
u s ly w
i t
b t.
h~ atorassntioned prinaipal payssn
~ ~ principal and iaat~r~~t dus thereon ba• bNn gsid in lull. _ _ ~
The ~a]cer her~of ~hall havs the riqht to pr~pay at any tise in part o= ~
m vithout nalt
o in full, Pe Y• ~
No~, shodd ic become aecessar~ to colleet chls aoce c6roo~ ae ~ttoen~7. eithe~ of ~s, whe~her iuake~. snretp. or mdo~ser on
i ~hi~ uoce. herebp saree co pay all coics of sach colleccioa. iocludins ceasos•ble •.~oraey'. Eee. 'Ibe drawers ~nd eadocsers ~
~ scKenll~ ~u~e presencseac for payaea~. is Proc~st. aad notlee for nos-p~roen~,Q
E~~'ia aoce.
a~eac of iuceresc or priocip~t b~ ao~ paid wlc~is 30 ) dars sfca the saae ;
~ iN 'I'HE EVENT u7 P 7 -'j P
jy
'p ' ;
beco~d drr, tbe 6oldet of t6is aoce ~a~. u his opcioa, deel~~e the w5o e~ ca d srm heceoE w De im~ediuely dne and ;
pyablt. ' ; ~
(Seal) ~ ~~1~
UDItSY O~IVSR BARKSR. TR~1S'1'EB ~s~.i)
(sesl)
and sha11. perfa.m, camply with and abide by each and every the agireements, stipu:ations, oonditions and c~~e-
~ nants thereof, and of this mortga8~ then tt~is mortgage and the estate hereby c~eated, sball ceas~ determine
and be null and void.
AND the mortgagor hereby further oove~ants and agees to pay pmmpdy when due the principal and
i interest and other sums of maney provide~ for in said note and this mortgage, or either; to pay a11 and suigiilar
; the taxes, ass~sments, levies, liabilities, obligations, and ~cumbrances of every nature on said pmperty; to
~ permit, commit or suffer no wast~ impairme~nt or deterioration of said land or the improvements thereon at
any time; to keep the buildings qow ar hereafter on said land fully insured in a sum of not less than the full ~
f insurable value in a oompany or companies acoeptable to the mortgagee, the policy or policies to be held by, !
~ and payable to, said mortgagee, ~nd in the event any sum of money becomes payable by virtue of such insur- ~ f
ance the mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured,
accounting to the mortgagor for any surplns; to pay all costs, charges, and expenses, includinR attomeys' fees
and tide searches, reasonably incurred or paid by the mortgagee because of the failure o€ the mortgagor to
prompdy and fully comply with the ageements, stip~ilations, oonditions and covenants of said note and this i
mortgage, or either; to nerforr.~, oomply with and abtde by each and every the ageements, stipulations, condi-
tions and rnvenants set forth in said note and this ic:,rtgage or either. In the event the mortgagor fails M pay
when due any tax, assessment, insiuance premium or other sum of money payable by virtue of said note and
this mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to foreclose
ar any otiier right hereunder, and all such payments shall bear interest from date thereof at tl~e highest lawful
rate d~en allowed by the laws of the State of Florida. ~
IT IS ezpressly stipulated and ageeci that the mortgagee and its legal reprecestatives shall have the ~
privilege, at its optioq after the doing of or the omission to do, b~ the mortgagor, or its legal representatives,
its suocessors or assigns of any act or thing which shall oonstitute a default in or breach of any of the terms,
conditions and covenants herein or in said note or notes oontained and upon the c:oma,enoemen~ in a oourt of
o~mpetent jurisdiction, of a suit for the foreclosure of this mortgage, of applying for, e.ither ia and by the original
~ complaint for foreclosure or othezvvise, and shall, as an equity hereby admitted and oonfessed, be entided, as a
matter of absoIute right hereunder and without regard to the value of the hereby mottgaged premises, property
and estate, or the neoessity therefar or of the reasonableness or espedieacy thereof, or the solvency or insol-
~ vency of tl~e moatgagor or its legal repn?sentatives, and wit~o»t nobice to said mor~gagor or its legal repre-
sentatives, bo the appointaseat of some suitable person or oorporatiun as a reoeiver for t&e properties, premises
and estate ha+einaE~ove descdbed, and of tLe renfis, issues, ino~me, revenue and~ proSts thereof, such appoint-
~D~c~~7 ~CE ~
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