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T~~IS MORTCAG~ tNUENTURE, rxecutcd by the MortR~gor named in p~ng~~ph 26 below, which term as used ~
in every instance shall includc the lltortgagoi
s hein, exerutors, administratoa, :uarsson, legal ~cp~ese~tativea and !
assig~s, either voluntary by aM of the pa~t~es ar involuntury by ope~ation of law and :hall denote the singular ancl/or
plural, a~d the m~sculine and/or Feminine ~nd natural and/or artiRcis~lpe rsons, wheneve~ and whereve~ the context so
re.quires or admits,px rties of the Rrst part, to WASHINCTOti FEDERAL SAVINCS AND LOAN ASSOCIATION
()F MIAMI BEACE~, a ch~x~~~tticM cxistin~ under thr IL\V~ A~ IMl' United States of Amerira, hereinafte~ calicd the
1~tortg~gee, whieh term as usecl in every instane•e sl~all incl~icle the I~fortgagee's sucr~essors, legal ~epresentatives and
xssi~ns, party of the second part.
1t'ITNESSET}l, that (or dive~r~ Kcxxl ~nd ~~ul~~uhl~• cYm~ider~tions, ~nd to srcure thr pityment of the aggregate sum
of money named io_thr nromisuiry note of rvro datc hen•K~itl~, I~eminyfter mentionrcl, tc~ethe~ with interc•st thereon And
all uthrr sums af money serurcYl henby us hen•inalter providt~cl, thr Atortgagor daes grant, bargain, scll, alien, remise,
releasr, convey ~tnd rnnRrm unto the 1Nortgak~~, in frc~ .im~~le, that crrt~in reai cst:tte. of which the Mortgago~ is now
seized aod possrssed, and in stctual possrssion, ~ituate d~•.c•ritx~cl in paragr~ph 2? below.
T(X;ETHER with all furniture, furnishings, Rriures, goods, equipment, and inventory, together with any proceeds
thereof and any rcplaeements thereof, which arc now or may hereafter bc located and situate on the property described
in parag~aph 27 below, and a11 structures and improvements now and hereafter on said land and the fixtures attached
thereto, alw together with aU and singular the tenements, hereditaments, easements and appurtenances thereunto belong-
infi, or in any wise appertaining, and the rents, issues, and pro6ts therc~f, and also all the estate. right, title, interest and
:~11 claims and dcmands whatsoever, as well in law as in cquity, of said Mortgag~ in and to the same. and every part and
parccl thereof, and also All gas at~d electric 6xtures, radiaton, heaters, air conditioning equipment, machinery, boilers,
r:~ngcs, cle~~ators and motors, bath tubs, sinks. water closets, water basins, pipes, faucets, and other plumbing and heating
fixtures, mantels, refrigerating plants and ice boxes, window screens, screen doors, venetian blinds, storm shutters and 4~
a~vnings,N~hich are now or may hereafter pcrtain to or be used with, in oron•said premisec,even though they be detachet,l
or detaehable, are and shall be deemed to be a part oE the realty.
TO HA~'E A~D TO }iOLD the property desc~ibecl herein unto the Mortgagee, its sutt~rssors and assigns forever.
The Atortgago~ he~eby rnvensnts w•ith the I?tortgagee that the Mortgaqo~ is inde(tasibly uiud with the absdute anci (ce simNle
ntle to said pmp~y and lus full powe~ and law(ul authority to seU, convey, transfar and~ mortgager the same; that it s1u~U be lawful at any
t~me hereafter fcx the Mo~tga~er to peac~biy and quietly entu upon, ha~~e, hdd, and mjoy uid ProPerty. snd every part thercof; dut satd
roperty is trce and ed f~om ap liens, encumbrances, and claims o( any kind, incluJinR tue~ aod uses.~mmts; and that the I?lo~tgaga
Percby [ully w•~rtants unto t Atortgagec the~titk to said p~opetty aoJ will delmd thc samc aAainat the lawful claims and demands d ali
pcr.ons w~homweve~. Thi~ instn?mmt also creates a security inte~est in Fevor o[ AtortAaRee wxler the Fbrida Uniform Commercial Codq
and AfatRa~ s,hall also hsve dlng hts and remedies of a srcund party under the Florida UaiFonn Commercia! Code, and without Umita-
t~on upo~ or in de~oqation of the ri hts and remedies cn~ted undei and accorded MatRa~qee b~this mortgaRe punuant to the canma? law~~
canma
~~r am• other lav?s, d the State of oricia or o( an other jurisdiction, it being unde.rstood that t riRhts and rr~nediet of I?lortga e~e under the
ie.
}'Innda Unifom? Commerria) Code shall be cumu ative and in aJdition to all other riRhtx and rcmedies oE I?1ort~aQee arising u~r the cam-
mrx~ law, ot any other laws, o/ the State d Fbrida or a# any ot}?er jar i~did'an.
NO~~', THEREFORE, the condition d Uus mortRage is such that if the Afo~tRagor ~hall vvell and trulyp~ y unto the Mortgagee, tl~e
~r.deMedness eviJeneed by that ceitain praniuory note of e~•en date herew~ith, made by the ~tortgaAor and payahle to the !~lortgaRcc, in the
pnrxipal sum set Eorth in paragnph 2S bebw, toRether w•ith interat as therein stated, anci shal) peifotm, comply with and abide by each aml
rn• the .tipulations, aRreements, ra~ditions and covenants contained and set forth in this ~iwrtQaAe and in the promicwry note secured hereby,
then this mortRaRe and the estatr herel?y created shall ceue and be null and void.
A1~D the A~ortRa~ot tloes henhy emmant and A~ree:
1. To perfonn, comply with and abide by rach and rvery the ~tipul:~tian., aKrrements, c~ex~Jitio~u and rnvma~b c6i~tained and xt
iorth in said piomi~sory note anJ thic mout~;aRc eler~l.
2. To pem~itt cammit ar suffer no waste and to mainfain thr improvemrnh xt aU timr. in a statr of ~ocl rrpair and rornlition; and to
do or permit to be ~one to caid prcmi`e. nothinP that w•il) alter o~ chankr fhe u~e ancl chatacter of ~aid property or i~ any way imWir or
~.rakrn the security of thi~ martaaRe. In ia.e of wa~lr er the mfu+al, ney~letit cK inability o( the ~tortRa~r to rrpair anJ maintain aaid prop-
trty, the INoR~Ree may, at its opti~w~, rruke .uch rr~in or caux thr .ame to he made, and adva~r mone~~s in that behalf, and all .uch
moniec shall be securrd by this mo~tRaAe and .hrll be immcdiatrly due and payable to the MoRRaRee.
3. To pa> ap and ainRulu the tuc., ~~~e.~mrnts, kvie., liabilitie~, and obliKations of every naturr o~ said desrribed pmperty exh aml
~•.rry .vhen due and payaMk aecorclinR to law, he(on• thry hecome delinq~a~nt, and tn ekliver to the Mort~aRee on or beforc 11~arch ISth d
r erh year ta: rcceipts evieknrin~ the paymrnt af :Jl law~fully impo+a~l taxe. for the precedinA calendar year. to inJemnify the MortKaqee
u~x:n it. dr~ar?d for aU taaes, a~~e.~mentc and char~e. that may be a~~~ee) upno thi~ mortRaRe or the inJebteJ~. .ecurecl hrrcby. and paid
h~ the ~forigaRee, without reRard to any law herttdort enadctil or herrafter to be enacted imposinA paymrnt of the wlw~k or xoypa rt there~l
' ~~~xm the \tortgagee; anJ topa
y the coat of fiLn and recording continwtaa statewents respectiag this mortgage eursuant to the Uniform
f ('~~mmercial C.ode and any other Bfing and ~g charga required tlxreunder: and to paY. ir~ the event of any transfer d title d the
E ~remises encumberrd herebY. tbe charges assessed by MastgsEee for n6ec~tin~ such traasfa in its rc+cords.
~ 4. If a conve~
ance sMiuld be rtwik F~y the INoetga~r d the prmi~es herein described. or any part henr~f. ar~d the Rnntee named ~
~ .~,ch conveyance faits or refusex to z~eumr the ~wymrnt of the obli~atinn evideoeed by ~aid promiswry rn~te ~nd .erured br thi. mnrt~~Ke,
~ and in accordanoe wdh their ~pritive temts, thre and in that rvmt, at the optioo and upon the demand d tFK A/ortKaAee all ~wmc of nwney ~
~ .ecured hereby shall inunediately bec.m~e forthv?ith due ancl psyahk. 3
~ S. In the e~~ent oE a wit bchn~ in.titutecl to faerla~e thi. m~utKaXe, the 111ortAaKre ~hall he entitlrcl to apply at any timr prnelinr •urh ~
q kxec{ocure suit to the court havinR jurictlictinn therral (or the appointmrnt d a nceiver of all and .inRular tFK mextRa~ed roperty, and of ap
rrot~, inromes, p~~o6ts, i.sue~ and trvenuc. thereof, from w~hatsorver .cw~n~e derived: anJ theteupon it i~ hrreby eap~ covenanteci and
~ aKreed tAat the court ahsll forthwith a~~nt wch recriver with the u~ualpov?~n and dutits of reeeivets in like ca~es• ani ~aid xppointrt~ent
.haU be maJe by the court z+ a matter d.trict rixM to the Mcxt~aRee, and w•ithout reference to the a uxy or inadequacy of the .alue of
the property hercby mortgaRed, or to lhe +olveocy or insolvency of the 11ortRrRoa or any other party ~endant to auch .uit. The ~1ottKa~ot ~
h~•reby ~peri&~a11y w~aives the riAht to object to the appointment of a rcti~eivec a~ alorcsaicl and he?eby exp~?ly ~vruent. that .ix•h appoiM-
rnent chal! be made u an admitted equity and as a mxtter of aMolute riAht to the Mortgagee and that the same may be done wilhout not~ce
i+~ che MatRaaor. :
;
8. I( forrclosurc pnxredin~s ~hould be in.tituteil a~exin~t the p~prrty covered by this ~ortRa~ upon any other lirn or ~~laim whether ?
~Iteqed to be ~uperior ot junior to the lien of this moctR~Ke, tlx 1lrxtqaAee may at its opfion immediately upn~ imtitution of wch wit or
~ ~i~,nnA theprn dency thererf Jeclare this mort~a~ce and the indebtalnr.s ,etivred hereby due and payabk forthwith anJ mey at it. opt~on g
prcx-ted to foreck~se this owrtRaRe. ~
~ ~
T. 'I'op~ y all and sinRular the ca.ts, char~rs anJ exprn?es, itx~uJ~oK ~ttomry ~ fres and al»tract cvat., fCsIWRJhI)' ?rxurrrd or paid at
~ .n~ t~me by tt~e ~tortgaRer beraux d the failum c~ the MoAKaRor to prrform, eomply Nith, antl abide by rach and every the .t~pulat~ons, ~
~ ,~;rrements, coadit~ons, and ccrvenanta o( said promicxxy ~x>tr and of this trwrtRaAe, or rither.
~ 8. That the MortRa~or will krep ~p rrsl and penonal prpe~ty rwwv or hrreaftr~ encvmbrreJ by the lirn u( tAis murtKaKe uuurrd u ~
~ ma~ he re~
wred (rom time to time hy the ~tort~agee aRainst b+c by 6rc, winclstorm ~ncl olher hazarcls, caaualties and a~ntinKrrxie. (ot ~uch ~
; ,~nods ud (or not kss than such am~wnts a.s may be requirrd hy the ~tortRaRee and to paY pron~ptly when due yllprrm~ um auch in.ur-
~ .nce. The amounts oE in.~uran~t rcquircd by the !1lixtgaRre chall be the minimum amainb for which aaid inwtYnae shall be wriUe~ and ~t ~hal)
~ t~.- ~ncumbent upon the Mortqaaor to maintain such additicM?al in.ursnce as may be necrsaary to meet and compIy fuUy with aU ~o-irou~arKe
rrqwremenb rontained in said poliries to the end that aaid AlortRa~or ix not a co-inwror therennd~~. insunnre ~hsll be writt~n by a mmpany
~ -~r evmpin~es approved a de~ignated by the McxtaaRee and all policin and renew•als thereo! .hall !x luld by the 1ltortRay;ee All detaded
~j~si~utans by the A1oRgaqor whech are xt:pted by the MortKaQee and all a¢rcemmts between MottRaRor and NoRRaqce rel~tu~A to inau~- i
~ ~ncr, now eaistinR or hereafter made, shaU be in writinR and ~hal) he a part d this mortRaRe ay.recment as lully as thouRh set Iwth vetbaUen i
~ ?u-re7n and shall Kovern both p~tt~ hrrNo and their succ~wts and s~,iRns. ]\o lien upon any of said poliries of insurance or upon any refund `
,r return r>remium which may be payabk on the cancellatux~ or terminaticm thrrec~F, ~hall be gi~en to other than the MortR+Ree. eacept by ~
~ umpe* eneiorsement a~ed to auch policy and appmved I~y Pio~tqaAre. Fach policy o( mwnnce sh~ll have al6sed thereto ~ Standard Nev?• ~
~ t~,rk MorlRagee Clause wfthait Contnbution, making aU l~».~ or I~usea under ~uch poltcy psyabk to ihe MortRaRee u its interest mar rppesr. ~
~ In the evmt any wrn w sums ot a~oney become payable thereunder the A1oRRaRee shali have tAe option to receire and applr the same ao
~ accwnt d the indcbtedness herebv secured, or to permet the 4fo~tAa¢or to reorive and ux it. ar anypa rt tAereof, witFwut therrby w~ivinA -
~ ~r imp~iria~ any equity, lim or ri~ht under and by viRue d this mort~aAe. In event of k~as or physical dama~r to the moRRaRed propertY ~
~ ~he MottRsRa shsll Riv~ ima~liate ratiee thereof ~bx mall to the MoKRaRee and t!~ MortRSRee m~y make o~ont at {oss i( the s~me is nnt #
rn~de prompttr by the Mort=a~or. In the event of defauh in this mortQsrte rewltinR fn (oreclosurr thercaf by the MortRaRee. ot io the acquisi- f
R
~ r~on br ehe MonRaRee d tide w chepmpr rty se~vred hereby in lieu o( torecbaure. ~1) r1Rht, eitk and incetest d ehe Moet~a~ca in and to anr
~ ~n,uraace policies rderred to above ~haD p~ss to the MortRaser or its nominee ot to the punhaser d said propertr ~t Ionrbsure ~ale, as ehe
~ caie a~y be.
PACE ONE
~ 1971 This Instrument Was Prep~red By:
GEORCE NATIIAN!;Ofl, : ~tomcy
~ Of th! Lew OtJ~cc. ~~f Courshon 6~ uiirshon
1701 M~n~un Hv~~:uv. Mea:.~~ ::o~:h, f:oi,~a
.
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