HomeMy WebLinkAbout1594 :~`M'1~(1 Jc~i~(1
PRl)YlUEn, AI.N'AYS. that if the ~lortgagor shall pay u~t~ the `lortta~ee the indebtedness rvidt~c~d b> a
rrrla~n nr~tin~~~ntv nt~le a[ w•hich the follov?ins in wurJs a~d [isu~as is a troe ~upy tav?it:
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a t r u f tr n ~x• rc r n t, ~x• r s n nuu i until :~iatu,it y, l,.,;li i.:ir~~i p:d azid intcr~st bci,, o p~ yal,Ie. is~ larrfu! r~un~: y uf- i
: ~t~: lii~itr.: ~tat: s al '_''.'.•1-~ lti.i~a~ ~ie l31vd., \liau?i, r lurida, or at such o~!?cr pia~•c t3~c ~4~aldcr~ hcrcu[ iusy~ dw idnatc in iti:~o. I
Prutripsl a»d intcn•:~ ~?Jy':ILIC IIl IIlSIYII/l1~I1L aa [ullu~r•s: • ~
? uri@ ~••ndred ~:?~.1~~.~~~ Dp~l?Y'S per mon~:~, i0:' S1Xtf ~ ~~j C0:1~G~^,'..2~1t%E 7',C:i~.''_~ ~ 1~
~n tne 15th da,y of e^cz an~' e~er, *.~on~'_^., beminri7~.or: 15~'t: o.' ~
. i ~ecemoar, l.~~n~ ~32G~ cor.tir.uin~ t.'_.~~1 .:-78 ~7L.^. C~ f Oi ;it:C::::~cr, 1~}7::.~
`-~~nich time the b~l~nce shall become due ~:nd paya~6le. ~
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1'hi~ notc nwy L~~ pn~f,a:d in wlioie or in patt a[tcr wie ycar iruin tl:c catn hcrcof upon paymcnt of pr.nalty cyuivalenl tu twu .
: ~~~rc~nt u[ tlic principai sui?i pn~E~aia. ~
Each inslaiim~~nt ~?a~ ni~~ilt S~1JI; Lc crcJiled ii~1 un thc inte:e;t duc, and tlic remainder on principal; a~d intcn;~t shall there-
u~,un cr:~:c u~?un llu• princi~:ai so crcditr~3_
'1'he n~ak~•n nud ~•n1u:~cr. uf tlii~ uc~ic furthcr agrcc ~O N':11YC [ICI11JIllJ, nutia~ o[ non•paytnent and prutcst, and iu die evcnt suit
>i~all t?c bruu~hl for tiu• cc„6~•ctiun hcr.•ui_ ur shc ,amc {~:u tu tx: cullrctcd u~~on demand of an atturncy, to E?ay rcawnaLlc atlorncy s
frw for m•rkin~ •u~•L cutlectiun.
4 U~~crr~~d j~:?}'nicn~: k~crrutider ~li~il ;,rar inicrc~[ at llic ratr uf t~~i? pc:c~•nl per an~iuu~ (rum matunty until j?sid.
- 7'lii~ notr. i; secured Ly a murt;;.?~e~of eti•en clate her~N~ic`: .~u:~ is tu L~- co,:~truea and enforced accordin~ to lhe laws of the
tiiatc o[ I~torida; upon delauli in the paycnent of principal :,r.ci'~:r int:rr.~t whcn due, -ihe whole sum oI principal and intereat -
' rrn~ining unpdid .h:ill, at the optiun of ihe hoiders, become immedi c!~-; due and payaWe.
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:'rrpared by >pieirr.4 Tendrich, Attomeys - 2'_'~0 (iurayne Wvd.. ~tiami, tiotida
ar~d ~hall perGx~. canply with and abide by each and every the stipulations. xgreements. cornfitio~~ and cove-
nants a[ said pr~xnissory note and at this deed. ~hen this deed and the estate thereby create6 shall cease and be
null and voi3. ' ~
1. The Mottgagor hereby covenants and agrees: ~ ~ ~
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Ia) To pay ali and ~~n6ulu the prmc~pal am1 interest and other sums ot moner payable oy ~irwe of ssid pran~csorY note and this .
decd, or euher, promptlY oe the daY~ «~D«~!relr the same sevenlly becaoes due.
tb) To permi~. ~aomit ot suftcr no vraste aod to mamtain the ~mptoremeats at all times ia a state ot sood ttPair auJ coadiuun, and to
' du ur pena~~ ~o hr doae to caid prem~ses nothinE t6at v~ll xltet or cbsaae We use a~d c6uactet of sa~d ptoperty a~n any vay impa~r ur
weaken the cecur~~y of tAis mortss~e. And in c~se d the retwal, neslect ot iaability ot t6e Mort~a~or to [epair and maintsin said ptoper-
~y, ~he MortaaEee may, at hic optioa, mate such repairs or cau~ce the same to be eude. and advance moneys ie ~hat beh~l(.
~ l~1 To pay a11 an4 +~n~ular the taaes, assessments. IcYies, liab~li~ies, and obli~ations o(,e~ery nature on said desctibed property raaA
I and every vhen due and payxble accad~ns to ta~~, betae they become delinquent, snd to delivet to the hlort~a~ee on or before I?iarch
lSth o[ each year taa receipta eridencie` the paYment ef all lartully imposed tfiea for.the pteted~o~ ealeodar yeat; to ~mlemn~fy the
Alart{a~ee upun his denand (or all taxes, essessments aM ~charses that oay be assessed upon tkis mwttate on ihe indebtcdne..
cured bereby, and,paid by the mort6a6ee, without re6ard to anY I~r heretofo~e eaacted or here~tter to be enaeted impoaina !?aymrnt o:
the .hole or any ~art thereof upan the MixteaEee.
~ (d~ ?u pay all and +~n~ular the co.tc, chat~tes and expenses. includm~ lawytrs' tees and sbsuact costc tessonably incmred ~x pa~c
any teme Ay thc NatEa~ee becau.e ot the faileue on the part o( t6e Rtortpior to per(orm, canply v~th and abide by each and t~•.•~ ~he
~ti~u~at~p?s, aEreemcntc, condit~ons and covenants o[ said promissory note and this deed. or eitler. aad every sutA~payment sh~ll h~~
mte~es~ from Satr a~ the rate ot ten 110~•) per centum per annum. -
(r) It i~c tur~1?et covenanted and •~teed by sa~d part~es that in the event of a suit beief instituted to foreclncs thia ca~~a6e. ~h ~I~K~-
Ea~ee ahall 1~e enti~led to apply at anr tise pendin6 auch fo~eelosute suit to the court harins jutisdietioa ~heteof (a the sppo~~~m:n+
of a receiver of all and nin~ulu the m«~a~ed property. aad ot sll reols. incoaies, pro(its, issuea and rerenue~ the~eof, Trom ~rhat R:rr
source deri~ed: aod thereupon it is herel~y eapressly coveaanted and a~reed th~t tAe Coutt sAall torthvith appoint suci~ receire .~th
the uswl po+rer~ and dut~es ot receivers in like c~ses: and said appointuen~ shall be made Sy We court as a matter ot .trict ri ~ t~•
thr ~fataa~ee, and w•ithoul referencc to the sdequacY or inadequtcy ot ihe ralue ot t5e ptoper~y hereby ~atp~ted, or to the c~•l~:n.:
.x insolvency ut ~he 1llatsasors or sny othrr party defendant to suc6 suit. The diortp~or 6ereby specitic~lly ~rsives 1ht n6ht t~~ ~~hir.+
to ~he appo~ntmem ot a reteiver as a[oresaid and hereby eapress consents th~t such sppointoent shall be oude as an adm~neJ rya~ty
and ss a matter o( abaolute ti~ht to ~he Mottp~ee and th~t tbe s~ maY be done ~ritl~out notice to the Mort~a~or.
(f) If foreclosure proceedioss should be instituted s~ainst t6t property covered by this aottp~e upon any othet lien or cla~m .h.•~Ec•
alle~td to be su~eria or iunior to the liea ot t6is ~t{~~e. We MortN~ee my st Ais optim immediacely upon mstiiuuan ot .ucA .w~
or durin~ tAe pcodendy theteef declare this ~tta~e and the indebtedness secured Aereby due and payable farth~ith and may •~e~-
optioo proceed to toreclose th~s mort~a{t.
That We INottpsor rill keep tll resl snd personsl propertr now ot heresfter encu~bered by t6e lien ot this mort~a~e insuied ac ma~
be required fn+e~ time to liaie by the Mortta~ee aN~nst ~oss Ey (ite. ~'~ndstorm ~nd olAer hazards. easual~~es and continEencie. f.~r .u..".
penods and ior not less tbao such aaounts ss may be requited Ar the 64ortsaite sad 1o pay ptanptly ~ben due all prem~wn~ t~x auch
mauraace. The anMUnts of insuraace required by the l~Aore~asee sdall be the miniowie amounts for rhlch said insurance shall 6e .nttcn
snd it chall be mcumbent upon the Mortsasor to msinuin such sdditional insur~nee ss may be necessary to meee and comply (ully ~.~th
all caiasurance reauiremeets cootained in s;id oolicies to the end that tM said Mottsasa is aot s co-insutor thereunder.lnsurance
shall be wtitten br a cospanr o~ co.pao~es•„~Pptoved a`desi~nated br tAe ?lorlsasee sed al{ policies and reae+rals chereot shall De held
by the Mortsa~ee. All detailed desi~na~ima by Uie I~~a~or which are accepted br tAe Mort~s~ee aad alt aSreeoent~ betveen 51ort~a~oc ~
and More~a~ee rel~tm~ to insurance. aow existins ar Aereaftsr made. shall be in urtitin~ ac~d s6a11 be s put o( this eoortp~e a~reemen~
ss fulty as thou~h set tort6 rerbatim 6erein and sdsll ~ovem botA par[ies hereco an~ tM~pir successors and assisns. No lien upa~ any u( ~ ~
said policies of insurance or upan aar refund o~ return p~csiue shich pr be Pay~ble`es 11~ ~ } auon thereo(. sAall ~
be ~iven to otAer than the MaW~ee. except br proper endotsca~eot a(fiaed to sueU joli~~l~ptoi~~~~ilbK~~~~ea Fach policy o[
inswaace aAall hsvc affised tfiereto a Stand~rd Ne~ Yotk 1btt~a~te CIsWe ~itbont CoeVibutian. pkins~aR ot lossea under .uch ~
policY paY~ble ~o the Mortp~ee ss its iaterest eesy ~psu. le the e~eat any su~ or suos of ieoaer becoae p~rable thereunder the ~t~ut- , :
Ni« hsre ihe opuan to receive and •pply tbe sawe on ~ecount of the iedebtedaess Aereby sec~aed. a to permit the ~1nrtEaF~.r
to receive aM we ~t, or any put thereof, •itAout IAereby vaiviaa or ia~pairin{ aey equity, lien. o~ ti~ht under and by vutue of th~~ •
aeort~s~e. In event ot loss ur phys~cal daau~e ~o the matss~ed property tAe Mort~a~~jhJll ~i~e~-gmedutrno~{~ l~Srcot by rail t~~ \
tht ~latp~ee and ~h; AMrtEa~et ioay aiate pu~ot o( losa tDe rtr4 )s not made prodiptly by [1~~e~lqttE ~U` ev~4'nf ~`j
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