Loading...
HomeMy WebLinkAbout2275 MORTGAGE TO SECURE NOT E FLORIDA ' ~sl~$$ J THIS MORTC3AGE, made thls z13t dey of F~t~,~,~y ~ 1%.~, . ; b7 j ~ FOl't ~ eY'C e . PYorfda. hereinaft~ called MortgaBors. ~ All-~aft Industries~ Inc. hereinaner called Ddort8a8ee: WTl'NF~ETH: In consideration oi t6e prlnMpal sum set out in the promissory aote o! even date herewita hereinafter described. an3 for other valuable considerations. the Mortgagors do herebq grant, bargaia. sell. alien. remise. releasc. convey aad con6rm unto Mortgagee, its successors and assigns fosever, the following descrlbed properRy. Sltuste i*~ $t• ~+uC18 Couaty, Florida: The East ~ of the SE~ of the r~~i~ (less begin at the SE corner run thence North 131.3$ feet, thence run North $1~°07* ~l" Z~test 312.5 feet thence run South 162.5? feet, thence run East 310.99 feet to the point of beginning) Section 10, Township 35, Range 39 East. . ` c~ `JOi:Ut•1EIRit• ~,;?i ~ 7 = CaR ~'631='~ ~ _ ; ~ ~ - ~~E~ <;=~~~`570 _ ~ tn CGI~:P7RG~ ~ . nR,19 •,:g ~ TOGETHER W1Z~i all and singular. t6e tenements. hereditaments and appurtenances thereunto belonging or in an~ywise appertaining and the rents, issues and pro5ts thereoi. and also all buildings, structures and other impmvements now or here- after situate thereon. TO AAVE AND TO IiOLD in fee simple the above granted and described premises unto Mortgagee. its successors snd assigns forever. 1Ue Mortgagors hereby covenant v?~th Mortgagee that Wey are iadefeasibly seized oi said land in fee simple; that the Mortgagors have full power and lawful right to convey the same in tee simple as aforesaid; that it shall be lawful for Mort. gagee, its successors and assigns. at all times peaceablq and quietly to enter upon. hold, occupy and enjoq said land and every part thereof; that said land is free from all encumbrances; Wat the Mortgagors will make such further assurances to pertect the fee simple title to said land in Mortgagee. its successors and assigns. as may reasonably be required; and that the Mort- gagors do hereby fully warrant the title to said land and every part thereof aad will defend the same against the lawful claims ; of all persons whomsoever. ; ~ $ ~ PROVIDID ALWAYS, that ii the Mortgagors shall: (1) pay unto Mortgagee that certain promissory note, executed bq them ~ ~ ~ ~ concunenUy herewith, in the S~ or Three tt10L1S8riC~ seven hundred 3'1Xt.y tW~ and 36/lfl9~ars ~ ~ ~ is3,762•36 said sum being payable in monthlq installments of i1F1~•7~ each. the irt installment due on ~ thP 15th day of April , , 19& $ .and an additional installment to be paid on the 1-5th day of each succeeding montl~ thereafter (or on the last day of any succeeding month which has no such day) until said sum has been ~ paid in full except the final installment shall be the balance due and (2) perform all the covenants and rnnditions of said prom- ~ issory note and anq renewal. eatension or modi~ication thereof. and ot this mortgage, then this mortgage deed and the estate ` created hereby shall cease and be null and void. ? ~ N t c~ The Mortgagors further covenant and agree to and with Mortgagee: i TS > 1. To pay prompUy the principal and oWer sums of money payable by virtue ot said promissory note and ot this mortgage_ ~ ~ 2. To pay a11'the taxes, assessments and encumbrances of every natare now on said described property. or that hereafter f ' . # may be levied or assessed thereupon, when due and payable before they become.delinquent, and betore any interest attaches or ~ any penalty is incurred and promptly furnish Mortgagee with proof oi paqment t6erefor. ~ r_, 3. To place and continuously keep. on the buildings now or hereafter situate on said land. ~re and extended coverage in- ~ ~ surance in an amount of not less than tbe amount wtuch may from time to time be speciGed by the Mortgagee, in such insur- ~ ~ ance company as may be approved by Mortgagee: provided, however, that if Mortgagee shall at any time be obligated to mai~ ~ " ~ tain fire and extended coverage insurance on said buildings, the Mortgagors shall be eaccused from performance of this obli- =k= O gation to the extent of any such duplicate coverage. All insurance policies of t6e Mortgagors shall contain the usual standard ~ ~ ~mortgagee clause maldng We loss under said policies payable to Mortgagee as its interest may appeaz; and every such policy u: ~ c~ ~an3 all renewaLs thereoi shall be promptly delivered to and held by Mortgagee, togefher with a receipt for the premium S-: y Wereon. Mortgagee shall have the right to adjust wiW the insurer any loss under any such policy. and any such adjushnent ~ H~~shall be conclusive on the Mortgagors. Mortgagee shall have the right to receive and collect all proceeds paid on any claim imder ~3 ~ t~ anq such policy, to endorse the Mortgagors' aames to anq check or other instrument of payment. and to apply such proceeds ~~in payment of anq amount due under this mortgage and the note secured herebq and aqq expenses incurred by M~rtgagee in - ~ v~Processing any claim under any such policq. Mortgagee shall pay to the Mortgagora tlre balance of the proceeds, if any. re- ~ ~ 0 maining atter the aforesaid deductions. Nothing contained herein shall impair or abrogate the rigbt of the Mortgagora to pro- _ ~ cure insurance forra an agent or company oi their own seleation as provided ia the insurance laws ot the statt ~+f Florida. ~ To pay all and singulaz the cosis. charges and expenses. including reasaoaWe attorney's fees if referred foa~ collection to ~ ~ N ~an attorney not a salaried employee of the Mortgagee, and cost of abstracts of title, incurred or paid at anq time ~ Mortgagee ~ - xbecause of the failure oa the part of the Mortgagors to pertorm the condibions and covenants oi said promissory note and ot tbis ~ ~ ~ mortgage. . ~ z< ~ 5. To permit, commit or suffer no waste, unpairment or deterioration of said property or any part thereof. to keep and ~rJ ;j Ujmaintaia the same. including all buIIdings now or herealDer situate•m ~aid premises, in good condition and repair. and prompUy ~ ~ c~ " - 0 R ~ ~U P~Gf /~Lt„--C f ~ ! _ ~ ~ 600d , S ~ v :-~a Ln - ' ' ~ u i ~m:: . ' . . ~ - - - - ^e.. a~ eF : - ~'s 's-? ~ ~'~`~,,.,-;~.t,sw~~,=°',,~~~ ' _