HomeMy WebLinkAbout0566 PROVIDE(~, ALWAYS, that if the Mortga~o~ shall Pay unto the ~bttgagte the indebtedness evidenczd by a
certain promissory note of which the followin~ i~ words and fi~ures is a true copy tav?it:
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NUIt V:~Lt;E rtF.CEIVI•:U - - - . t~ , , i
t~, thc urdrr of Nr.W BRITAIN :tEilS 'ti'~_- - - -
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E?«?~.~~~,:~~.~„~~~ One r'IlOUS?~u _C~:;r- ~r _ _ - - _ .:<<,
' (~ICCI'Ull ~CUIU lI:l~C 3( ~~ll` [.7~1' UF ~CII FIC~CCII~~ jll:[ :lf1ll ~J3,ULIlIj .2..~~:Si.iY :~~~~:1 iK:lli~lj..t. :l':(i lillc:.. . ...:l~:c ' ..:lv:.t~ t:..i::i:~" lis ~ ~
: . tLc liuitrd ~latr; al '.'.'~-~t l3i.ra~-nc 131vd., \liami, F'orid•r, ur :?t ,ucL .,il:.:r E~i.::•~~ U:c {i:.i,i,.. ' , -c,.: ::..:y ,;::.,t~• ir. writi~~_;. ~
' k'rincipsl and intrrr:t payaLlc iu in;tall~u~rn4•.~ [ulluw~: '
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'~iZ? I`ty ~:»~.~0~ y~_ iars p~Y' ~OZ'i::i_, : - .
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~onth t _ereafter :zntii ~~.ic ~ _ .
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Tl~i: nulr ~:ea~ !x~ ~r.• ~aid iu h•LoI~• or in ,:?rt aftrr une ear t:om ihc ~:~te ~i~crco! u wn .a •snci:i ui ~:~u.~.:.~ut W tv+u
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E~~~rccnl u( thc princi~~al ~wu jirrpaid. (~i
Eac6 in.I7IIlIiCR( ~)1~'(llCItL ~l~~fl h~• crrdited fir;t on thc intcrr;l duc, ar~.i th.: :::::a:;:drr c,:~ ~.:inc~~...:: ,:m.t si~,.:l t}iCrc- ~ I
, upun cr;L~• uE~u~~ tii~• i~ri:~ciu:?! ,u cr.~dit~d_ ~ } i~
- 7'l~r tuakre~ and r~edur~~•r- uf liii: nut~ fitnhrC S~[Ct• LO N':11\t• fICI11:lI1lI. ~wlic~~ uC ~wu-l~ay sr.~•~.; ~,::,,,•:1 u, liu• cvcul ,uit ~
, ~hall br bruu~ltt lur thr ru!Irrtiun I~rrruf. ur 14ic ,::mr i~a~ tc, 6r ru.l~cti•~} :~~~ou dcmand ut an att.,....•, .n~t.:.• aliurrticy~.
Ir~~, for nia.li«; ~urh rutlcriiuu. '
!)r[rrr~•d E,a~'~urnt. hcrrun~?: r~!~a!i i,r,:r i:::~~r~~l :l~ 1:t~' C1l•• n}~~•r~ rnt prr :?uuuw ~rwu matunt~ u~.: = s
'l~lii: nuir i: srcu~rd l~y a u:urt,a~~~ uf ~~vrn ,fat~~ :u~rr.Mi!: ~l i, iu rc,u.trucd ~nd en[on:cd •rci•uru..._ s.? t,:c law, vf the ' i
~t~t~~ of Florida: upon driautt in ti,c ~:~~•rn~~nt uf priaci; .;t ~r iu~~~r~:~~ ~la~•u dur., the whulc wm uf prin._iE?:~1 and inlerest i~
: rr.nrrining unpaid ~hall, at th~• uptiuu uf the hol~lrn. Ix:comr amn~~r,~i f~~'~...u~ .,nd p~y~L!r. ~ j`
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?rcpared by ~pirlrr .1. Ta~drict?, :1tlotnrys ' ~sl L'i~rynt lNVU., \:;~:ni, u[i~.:
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~ and shall perform, comply with and abide by each and every the stipulations, agteements. cond~t~ons ana cuvc-
' nants o[ said promissory note and of this deed, then this decd and the estate thereby created shalt ccase and bo
~ null and void.
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1. The !Nortgagor hereby covenants-and agrees:
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pe 7'o p~y •11 and sin~ulu the pcmcipal and ~nurest and other sums ot money payable by virwe o[ s~id promissory note and th~s
p detd, or either, promptly an the days ~espectively the same ssverally becomes due.
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~ a~ (b) To permit, canmu or sutfer ~o wraste ~~d to roaintain ihe ~mprovements at •11 timea in a state of sood repa~r and cond~ticw~, ~nd to
~.t do a permit to be done to sa~d premiaes nothin~ ihat w~tl alter or chan~e We use and chancter ot said property or in any Way impa~r or ~
v~ weaken thc security of this moctq~e. And ~a case ot tAe ~efusal, neslect ot inabilitY ot tl~e Mortsa~or to repair and maintain s~id proper-
N ~ f ty, the Mortpset m~y, at his option, mske sucA repairs or cause the aame to be m~de, and advance moneys in that beh~lf.
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(c) 7o pay all and ain~utar the uaes, asaessments, leviea, liabilities, and obliptioas of every nature on aaid desctibed ptoperty each
~ o m ~ and every rhen due and payable ~ccadin~ to lar, betote they become delinquent, aad lo deliver to tbe Morti~fee on or be(ora March
; v p O ~ lSth of e~ch yur t~a receipts evideacie~ the paYment o( all lavfully ispo~ed tues for.the precedin~ ute~du ye~r, to indemnify tAe
Mat~~~ee upor. hia dem~nd (or all taaes, asses~ments aad cd~r~ea that may be ~ssessed upon this matsa~e on the indebtedneas s•-
~ A ~ w
cured hereby, and paid by the mort~asee, ~vithout re~ard to any law beretofore enacted ot here~fter to be enacted imposin~ payment of
00 the .hole or any .vrt theteof upon the MortiaLee. ' :
'a ~ (dl To pay sll and sinsular the costs, char~es ~nd eapenses, intludin~ t~ryera' fees and absu~ct costs ~easonably incuned M paia at
~ p~ any t~me by the ~7wt~a~et because of the failure on the prrt of the Moct~a~or to pertorm, eomply ~ith and abide by e~ch snd every the ~
o shpulat~ons, a~reements, conditions and covenants o[ said promissory note and th's deed, a either, and every such"pa3ment shall bear
,b ~nterest from dste at the rate of ten (10`L) per centum per ~nnum.
~ (e) It is futther covensnted and a~reed by said patties that in the event ot a suit bein~ instituted to («eclose this mort~a~e, the Mat-
~asee shall be entiited to apply at any time pendin= such foteeloswe suit to the court h~vin~ jurisdiction thereottor the ~ppo~ntment
of a teceiver o( all and ain~ular the eart~a~ed propertr, ~nd o( ~11 reats. iecomea. ptofits, issues and revenuts theteof, from ~hataoever
source derived; and thereupon it is hereby eipteasly covenanted and a{reed tdat the Court sh~ll torthrith appoint suc6 receiver W ith
the usual porers and duhes of reseivers in like c~ees; and said appoiatment shall be made by tAe court as t mattet ot strict ri~ht to
the Mat~~~ee, and w~itAout re(erence to the adequacy or inadeqwcy of the r~lue ot the pcoperty heteby mort~s~ed, or to tAe solvency
or ieuolveney ot the Mo~t~a~ors a any other p~rty detend~nt to sueh suit. TAe Mat~~{ot hereby specifically raives the ri~ht to ob~ect
to the appointment o~ ~ receiver aa atoresaid •nd hereby e:pcessly eonseeta that sucA ~ppo~nuaent sh~ll be made ~s an admitted equ~ty
~ ~nd a~ a ieatter o( absotute ri~ht to the Afat~~~ee and th~t tAe same mar be done ritMout notice to the Mort~~sw.
(f) Jf faeclosure ptxeediass should be instituted •sainst the ptopertr covered by this mortp~e upon any other lien or clum whetAer
alle~ed to be superior ot junioT to the lien o( thi• mott~~~e. the Nonaasee m~y ~t hii optioa iemediately upon institutioe ot sucA su~t
or dunnf the ptndency thereof declare tbis mort~a~t •nd the indebtedness secuted hereby due •nd p~yeble (orthr~tA and msy at its
3 option proceed to toreclose this mort~a~e. '
~ (s) Th~t the Mottp~ar ~rill iceep ~11 real and peroona) property eo~ a Aetuftet encumbetcd by the lien o( thia mott{~se insured as may ;
be required fran time to time by the Mort~~~ee apinst loss by fire, riadstotm and other hazards, casualties ~ed coatm~encies (or such ~
periods ard (or aot less Wan such aawunts as may be requ~red by the Mortp=u ~ad to pay praeptly rben due a{I prem~wns tor sucA ;
~ inaur~nce. The amounta of insurance required by the Mortq~ee sII~ll be the min~mwo ~mouots (a ~rhicA s~id inauraace shall be r•rittrn • ~
~ and it sh~ll be ~ncumbent upon Ne Mo~tiasoc to mainuia suc6 ~ddition~l inaur~nce as may be necessary to meet ~nd comply fully with :
•11 co-insur~nee requirtments cont~ineA in s~id policies to the tod that the ssid Mat~~~a is not a co-insuror theremder.Insur~nce Z
sh~ll be ~rnttea py ~ compsnr ot caapanies approred a desi~n~ted by tht Mortta{ee •nd all policies and tene~als thereo( shall be held
by the Matp~ee. All detailed desijnaUOes by the Mortsa~ot rhich ~re atccpted br the Mortaa~ee ~nd all asreaaeets betveen Matp~or
and Morts~~ee rel~tin~ to insur~nce, nor e:istin~ or i~ereafter m~de, ~hall be in w~ritin~ ~nd sh~ll be • psrt ot this matp~e a~rcement
~ u fully'as t6oujh set faeA rerbatim aereia and sh~ll ~orern both ~rties hereto ~nd the~r sncceswn ~nd assi~ns. No lien upon any of
add policiee .ot insurance or upon anr rcfund or return premium which msy be p~r~blt oe the uecell~tion a termin~tion thereof. shall
~ be ~iven to other thu+ the Mory~~ee, eacept br proper endorscaient ~ffised to such poliey and ~ppoved by Mort~~~ee. Each policy of
insurance ah~fl h~ve a(fixed tAere~o ~ Standud Ne~ Yak Morts~~ee Cl~use rrithout Coauibution, makin~ •11 loss or losses under ~uch
~ policy pay~ble to tbe Mort~a~ee •s ita iacere~t eear ~pOe~r. le tAe erent eny suo a su~aa of money become pay~ble tBereunder the ~1ort-
~ ~a~ee shsll h~ve the option to recei~e and ~pply tbe samt on aecowt ot tAe indebtedaess hereby sccured. a to oermit the ~lort~aEor
to receire •nd we ~t, or sny part thereof, vithout thutbr w~ivin{ or impurins any equity, lien, or ri~ht under and by rutue of thi> >
mott~~Se. In erent of lo» or physic~l dama~e to [he mort~a~ed property the Mort~~~pr sh~l~ s~ve iiemed~~te nouce thereof by ma~l t~~ ~
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~ ' the Mor1~a{ee and the btortda`-e msy m~kt proof of loss ~f tht ssme is not madt promptly by the ~1ort~a~a. In t~ent ot foreclo.ure oi S
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= BOOK 181 PACE vi~v i
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