HomeMy WebLinkAbout1243 ~.f~ _ `~.,90,~~U.00 Hollywood Fl~,ri~ta, January 2 , ~y .
OYl or belore Ten l.G ~reara _ _„~t~r clRt~. ~ur iK~lur r~r~~iu~~.
I -pruu~is~• tu pui~ t~? th~• nr~l~•r ~?j_M~ILYI~t~i~ LORRAINE~LQ~[~_-
Ninety Thoueand and no~l~t~_ _ _ ~R~
.
Ellis, Spencer and Butler, P.O. Box 6 Hollywood , F•i~~rida
ueth int~rrct thrrron at rhr rntr o/i~~ _ 1 j~~.p~~r ~rnf, pr~ annum Jrom ~at~____. __.until ~u(ly paid, Inr~rrst pa.c6l~ s~~ni-
unnuu//y. Thr moker und rn~lors~•r n( this nufe Jurthrr a}~r~•r fo unirr d~n~und, eufic~ nJ nun-µ.~m~nt an~l pro~~.tl; and in cost ~uit shail
b~• 6n?u<ht /or the ro/lrction h~rru/, or th• a.+~nr hus tr. l~~• ~•uN~v-1~d up~.i~ drn•u~d of nn uttu~nry, to pay ?enson4Gfe tttcrn~y's ~tes /or
mokin «ch caflP~tion. )~/Prr.vl int~?rat ~mr ~c ro h r intrrrsl Jr.~w~ ~qalurir~• at =OUr _ . prr c~nt. pe~ unnnm. pu~'a61~ srmi-
~~nn~ 1.3~j ~tAte O~ ~or~da ~OC .
tam ~acec~ on ori inal note and s/RaS• D. Johnson, Jr .
anc~ . ~ - (~~al)
I)~~~ - 19_ (~~~~11
:?FFiC1AL LEGAI FO":MS NIALEAN, FLORIDA F1':2M P'10
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( ~ and a1~a11 perform, comply with nnd abitre by each and euery tl~e slipuluiions, agreements, conditions and cove-
i~ nnnts of said promissory nole_.___. and oj Ihis deed, then tl~is deed and ihe estate thereby created shall cease und
6e null and void:
1. The Mortgago~ {~ere6y covenants and agrees:
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~ (a) To pny aII and aingular the principal and interest nretL 1Fte uarious ond sundry sums of moneyp~
y
able by virtue o( the a6ove described promissory note.___._, and this mortgage, and uny and al! reneu~als oJ
the aame, or any part tltereof, nnd also any nnd aIl ot6er Ioans nnd/or advancements which may, be made
~j I 6y Mo~9a9~ to Mortgagor, promptly on t6e days respectively the same severally 6ecome due_
i (6) To pay aU and singular the taxes, assessments, jevies, babilities, o6ligations and e~cum6rances of
; ~ every nature, on said cles~Ti~ property each and ecery. and if t6e same be not prompely paid !he Mort-
I II gagee may at any time pay the same without wuining or a~~ecfing t~e option to /oreclose or any right 6ere-
1~i under nred euery payment so mnde sl~all 6ear interas? (rom the date tl~ereoj al the rate oj.__.__.four ~
~
~ j{ centum p¢r nnnum.
(c) To pnq all and aingular the costs, dwrges and expenaes, including Iawyer's /ees and a6stract costs
( reaaonnbly incun~ed o~~ id at anq lime 6y the Morigagee because of tl~e ~ailure on the part oj the Mort-
1 gagor fo pe~orm, comply wit~? ~d abtds 6p each and every the stipu~ations, ngreements, cond~t~on, ~d
' covenanta o aaid indebtedness and said promi~sory note.__.__ and this deed, or either, and every sucb pay-
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~ } ment shall benr inter~est /rom date at the rate oj......._ ..........per centum per annum.
~ (d) To keep ehg bui[dinga now or hereajter on said iand iasured against loss 6y jire in a siun not less
; ~ th~ 5------•-----•• u,~d aga~.~.,t [o~ 6y windstorm in u sum not [ess 11~an in
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~ a oompany or companies and through Inswance Age~is or Agencies to be named and designated 6y the
s Mortgagee nnd the poli or policiea sisaU be held ~d ~yabl~ to t6e Morigapee. ln the euent any sum
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f m
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n
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s p a
y
a~
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e under such p ok c
y o~ p o~icies, the Mort
ga
gee s~a~~ have t{~e o ption to receive
~ n?~ app ly t~e same on acoount o/ the indebtedness hg~by S~wBd, or to pernut tf~e Mortgago~ ta receive
~ ~ j) and use it or anq~ tliereo ~or other purposes, wltho•.~t tl~ereby u~aiving or i:npairing any equity, ~ien
or right under or by virtue o~ this deed, and the Morigngee may place anc~ pny (or such insurnnce or any
~ pnrt thereo( without wntving or a/(ecting the option to f
oreclose or any right hereunder, and each and
~ ' i~ everq suc~ payment shn~l 6ear interest from clate at the rafe of____ ~OUr__..____per centur.i per annum.
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(e) To permit. commit or su~~er no waale, impairmen! or deterioration o~ saic~ prope~ty or any parl
~ ~ ~ thereof.
~ I~~~ ,(f) Thn! if any oJ said sums of money herein reJerred to I~e not promptly and fully paid within___.30_.
" ~ f~ dnys nexf a(ter the aame seuerally becomes due and payn6le, or if each and every the stipula~ions, agree-
n I;I rrtents, oon~ittons and oonenants oJ :~d ~+o~~~? noee ~d th;~ d~d, or eit~er, are not ~ul~y performc~,
~ complied witl? nnd a6ided bq. the safc~ nggnegnte sum mentioned in saic~ promissory nofe, and any reneu~aj
; ~ i~ thereoJ, and all inde6tednesa jrom Mortgagor to Mort9a9ee, ahall beoome due and paya6le forif~witl~, or
~ i~I therea ter nt t~ie option of the Mortgagee aa )ully nnd completely w ij the snitj aggregnte sum o~ said in-
+ debt es~ and said promisso ry note tuaa originn~~
y sH pulated to be p aid on such dny, anything in said
; promissory note or herein to the oontrary notwi!l~standing.
I i~
_ i (g) 1~liot in or+der to acce~erate the matwily oj the indebtec~ness F~ere6y secured, because o/ fl~e ~ai~-
; ~ we of the Mortgagor to pa nnq tax, assessment, ~ia~ilily, ob~igntion or encumbrance upon saic~ property.
= i! as herein provtdecl it shaj~not ~ie necessury nor requisite 3~eat ihe Mortgagee sl~all ~int pay !he same.
!~i (h) To per/orm, comp~y with ~d o6~de by e~h and every the stipulatiorts, agreements, conditions and
i
j; couenants in snid promissory note and in this deed set ~oril~.
~a 2. T
he lien hereo( a ha l l e
x te n d t o a n d i n c l u
d
e t h e u s e, ren ts, an d p ro
ji e s o J s a i d p r
e m i s e
s, b u t t F
~ e M
o
r l 9 n g o r
i{; s/?aj~ 1eave t1~e right to remain in possession oJ saitI premises and enjoy il~e use, and to rer.eive tF~e rents and proJits
thereof, without accounting to t1~e Mortyngee therefor, so long ~ t~ere sha~l 6e no c1e(ault hereunder, provided
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~ tl~at fn tlie eaent o~ any such clefault hereuncler (or a periocl ul_._..._.3~..._..da s, the Mortgagee sha1l 6e enlilletl to
1 y
~ t~e possession and use o~ said morfgaged premiset, and to r~eceive and apply lhe net renls and projits thereof.
F ~ i~~ upon and tow~rd the payment oJ thP inde6ledness r~,b secure .
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