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PROV1DEn, ALW!1YS, that if the Ab~t~s~or shall p~y w?to the Aioct~a~ee thr ~~debtcdnrss eviJcnced by a
certs~~ p~omissay note of which the falluwin~ in vrords a~d [i~ures is a true copy to-v?•~t: f
~iL°~a~~ i~ott
~.1525.00--- ~1~a~~~~. Flwid:t_ . _Jul 2 _ 1~~ ,71 ~
, y . _
~11N ~':\Ll'E KECEI!'t:l~ _ . _ We,__ joint ~ ~nd _severally ~,~o~~,;,~ i~ ,
t~~ tl?r urdr~ _PHILIP $ERMAN AND I'lARY ~3uf2I'11Y~ HIS _ illFE -
- - - - - - - - --~jp f-
thr prin~•i~~~l ~rOn~ TUQ~~~nd __F~~_~ltlnd~~~l Tweri~y_-F~~~_&___~RA.i.AK~, tugrthr~ MiU~ inl~•~~•~t
tl~r~run [rum date at thr ratr uf trn pct.rnt, prt annuin until mstur~ty, bud~ p~incipal and intrrc•t !n•ing ~~a}~ablr in law ful rnunr} .~1
tl?~ l:nitrd ~tatr• al '.i:[~1-l Ki.caynr Itl~d., ~lia~ni, FluriJa, w at such ulh~~ plact .t+ tl~e Ituldr~: h~rcol may di•.~i~natr i~~ wriU„~.
f'rfari}~al and intrrr.t payable in in.tallmrnt. a.. !ullow.:
~
ThirCy-F~ve ($35.00) Dollars per month, beginnin~ on the lSth day of
September, 1971 and continuing-on the lSth day of each and-every
month there~fter until paid in full.
Thi~ note ma~• be prepa~d in whole or in part after une yeat ftom the date hereuf upon paynitnt o[ a penalt~~ ryui~ akn~
t~~ fnt pttcrnt of the princ~pal sum prepaid. .
Earl? in~tallment ~r~~ mrnt ~I~all l,r errditrd [int un the interest due, and thr remainder un principal; and inlrn•,t ~I~~II thrn•-
upun ~-••a,r u~?un lh~ pnnciµ~l .u crrditcd.
l~ler ~uak~r+ and rndonrn uf ti~i. nutr (urthrr aKtrt tu wai~c demand, nuticr uf nun-pa~ ~ncnt and prute~l, and in lh~• ~•vcnl ~uit
•I~~Il+i~r Lruught [or thr ralrctiun lierruf, ur thr ;ame ha, to be collected upun drmand o( an atturney, tu pay rr~•unabl~~ attu~u
1~•r~ 1~r tnakiag aunc ~ollectiun. .
(lrfrnrd pa~ mr~its ~ereundrr :hall hrar intrn•.t at the ratc a( te~ petcrnt prr annwn from maturity until paiJ.
~ Yhi~ not~ is cecured by a mortgage of nen date he~e..ith and is to be construed and enforced according to tl~r IaM. of r
~t~t~ o( }7orida; upon de(aull in th~ pa~-ment o( principal anc~or interest v?hen dut, the whole wm of prim~i~wl and int~n.t
r.-nuining unpaid shall, at the option of the ha(ders, become immediateiy dur and payaWe.
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P~•{n~~~d l~> ~prl~t d Ttudn~h. ~Ilurntyc - 2240 Bicra~ n~ ipYd.. S1umi, ida; ~i ~
and shall perform, comply w~th and abide by each ,ahd every the stipulations, agreements, conditions and cove- ~
nants of said promissor~ note and ot this deed, then this deed and the estate thereby created shall cease and be ~
null and void.
1. The Alortgagor hereby covenants and agrees:
(a) To pay all and s~n~ulu the pr~nc~pal and ~nu~est and other sums of moneY WY=bte by rutue ot saed praaisswy note snd ~h~s
deed, or e~ther, promptty oe tAe days ~especl~velY Ne same severslly becomes due.
(bi To perp~~~, comv~t or snfler ao ~rsste a~+d ~o msmum Ibt imyrovneeats at all umes in a state of ~ood repa~r and coad~uae, and to
do or perm~~ co be dau io said preeises noth.ns thai .~11 al~er or chan~e tAe use and charactet of sa~d property or ~n any ~ay ~mpa~r or
•re~ten d+e secwttr of ~A~s iewtp~e. And ia use ot the refussl, ne~lect or inab~lity of tAe Nort~ajor to repair and oa~r.tam said proper-
ty, the Alonp`ee may, st his oplioo, make sucA tepairs or cause tAe same to be oade, ud ~dvance moueYs in that beha::.
(c) To pay sl! and s~nsulu the taaes, assessdents, le~~es~ liab~l~t~es, and obliptions ot e~ery nature oa sa~d describcd property each
and every r6en due and payable accord~ns to lar, before they become deliaquewt, and to del~ver to tAe ?fortsasee on oc before lllarch
15tA ot each year qa receipts trldlAC10< <AC PaY14tf1[ O~ iII IiMI~IIy imposed t~xes (or the prece~in~-c~ndar Yesr, to ~ndcmn~ty the
Na~taasee upon A~s demand ta all taies, sssessments and cAarses tha~ mar be assessed upon th~s matsl~e on the indebtedness s?-
:ured AereAy, and pa~d by the m.at6aste, a~thou~ re6ard ~o any lav heretofote en~cted or hereafter to be eaacted ~mpos~ns ~aymeat of
the YAoIe or any ~art thereof upon the Mort~aste, ~
(d) 7o pay all and sin~ulu tlu costs, cAsraes and e~penses, ~atlud~n~ larytrs' tees and apsuact costs reasooably ~ncuned sx pa~d a~
any t~me by t6e Mai6asee because o( ~he ta~lure «s the part of tAe ~lort6a~or to pertorm, comply ~r~~h and abide Ay each and eve~y [Ae
s~~pulat~ons, a~reements, cond~tiwu and corenaets ot sa~d ptoanssory note and th~s deed, or eithtr, snd e~erY such~paymcnt sAall bcar
~nurest /ram da~e st the nte ot ten (10'~) per centua~ pc~ annum,
!e) It ~s turtLer COYtO~tlltd ~OA asreed br sa~d p~rt~es th~t ~e the erent o[ a suit be~ns inshtuted to t«eclose th~s mort~a~e, the Mat-
~a~e~ ahall be enUtfed to apply at any tlme pend~n~ suc6 (aeclosute suit to t!?e court darin~ junsdict~on thereaf fo? the appom[.~eent
of a receive~ of alt and sier,~lar thc mort~a~ed property, and of all reats, ~ecaaes, profits, iasuea ~ad reveaues thereot, troa fhatsoe~cr
source deri~ed: aad therenpoe ~t ~s 6ereby eaptessly covice~oted aad ~~tted th~t tAe Court shall totthrith appo~nt such rece~re~ s~th
the uswl parers and dut~es of recc~~ers in like cases: ~nd s~~d appomtment sAait bt mde by tt~e court as a matter of strict r~sAt ~o
- the Mwtsa~ee, and +~~thout retereace to the adequacy or in~deQuacy ot [he ralue ot tht property hereby mat~a~ed, a to the so:rency
~ o'r ~nsolveecy of the ~lortp~as or •ey otAer pa~ty deteiwiant ~o such su~t, The Mat~ator 6ereby specd~callY ~~~YCS tAe nsht ~o obytct :
to tAc sppo~aueent of a rece~ver as sforesa~d ~ad hereby exp~essly consen[s tA~t sncA appo~etment sAsll be made as sn sdmrtted eqwtp i
and as a aatter o! sbsolute r~~At lo [he A1or~aaaee and N~t the saoe ma; be dont ~~tAout notice to the ~fwtp~or. j
(f) 1( foreclosurt procrediap should be inst~tuted a~~~nat the propertr covered by W~s mott~a~e upon aey otherl~en m claim rhetAer
alle~ed to De supenot ar ~umor to We I~en o( thu awrtp~e, the Yurt~s~ee msy at 6~s opuon imiocdutely upon ~n~tituuan o( sucA su~t
or dur~n~ the pendencr t6ercof declare tA~s mort~a~e •nd the ~ndeDtedness secured Aerebr due and paysble forth~~~th and may a~ ~t; 3
opt~on proceed to faeclose tb~s mort~a~e. ~
That tbe lAwtpsor r~ll keep sll resl u+d persa?al property aor or hetea(ter encwnbered by the I~en o( tl+~s ~eal~a~e ~nsured •s maY ~
be requned lroa um~ to :~me by the lNort~atee •aue~t loss Sy hre, ~~ndsiora? and other As:~rds, c~suait~es ~nd conqesencees for su~h
per~ods snd ~or no[ leas tM~a aucA amounts aa ~ay be reQuued br the A~I41i~i~tt assd to p~r p~owptly ,.hen due all pem~was ta sucA
~nsusanct. The asounts ot ~asuru~ce requued by tbe Morta~~ee sh~ll be tAe m~n~mwa smuunts (or rh~cA s~~d ~naurance shall be wr~tten
iod ~t sA~ll bt IGCUObtDI YpOfl W! Mort~~io~ to s~~nta~n sucb add~t~anal ~nsut~nct as maY ~ necess~ry to mee~ and compl> (uliy .itA
a~l co-tnsuranee teW~te~enta contiiaed ~n s~~d pol~c~es to the tod thal the s~~d A{al~a~a ~s not a co-~nsu~a thereunde~.losurance
shsll be ~r~tttn by . coopanr « co.q.n~e. •pptored or Ota~~a~ud Sy tht Mort~a~ee and ~II pol~c~es ~nd rene.als theeeo( ~A~11 De he;J
AY ~he ?{atpLtt. All deta~led des~~a~t~ms by tQe Nort~s~w rAich ~rt ~cceptsd b~ the ?Iwtaa/ee and ~11 asrcement. Dctreen Mor~~ator _
+ne Marts~~ee relat~ns to uuur~oce, oo.r esuun~ or bere~(ter w~de. sh~ll bt ~n rr~1~a~ and sh~lt ~e • part o( th~s ma~~a~e a{recmcn~
. u(ully :AovsA ~e~ (atb ~eib~u~ hert~o s~ ih~ll ~ortrn botA p~n~es hereto and tht~r succesaws ~nd ~ss~~ns. No t~en up~x~ any o(
•~?d pot~c~e• d io~w~nct ar ~pan apy re(un0 or retwn preaiw~ ~hicb aar be ~Y~ble oe tAe c~aceU~t~on o~ urw~n~~~on tAercof, .A~]I
Ae a~~tn to otAer th~n tbe Ifore~sset. eactPt br poott eWorse~tnt ~(l~aed to •~cA po1~cY and ~ppoved by 4tart~a{ee. F~:h pol~.~ ~~f
~n~rr~acs ~Asll bare •(fite4 thereto ~ Standod Ne~ Yak ?lor~~a~et Cl~we ~~tboYt Cot?u~Auuan, e~ak~n~ •11 loss or lossc~ un~ier .u.l+
ool~cr pslr~ele to tb~ 1~Iortp~se as it~ ~oure~t eur ~~ea+. le tAe ~ree~ ~ar auw a swY of ~er becowe O~y~blc ~Aerernder ~Ae ~I.,rt-
~~~es ~hall ha~t tAt oPt~oe Io recs~re and •Oplr Ibt ¦~~t oa sccount ot 1be ~ndestedness heusy st~wed. a ta permi~ ~he ~M+r~~as~•~
to rece~~t •Ad ~ue ~t. a•ay p~rt thcreul, rnAoYt tAc:ebr ~~~r~n{ ar u~pur~n~ •ny e~+t1r. l~en, a njA~ u~er snd br .utu~ ot tM.
a~wep~e. la e.ent ol lo~s a pby~ic~l O~wa~e to ~Ae ~«~~.~~a aon~r~r Ne Mwtp~oe sh~ll p•e ~w~ed~~~e nouie ~h~ren( b~ ^,,t
tAt Nort~~~ee snd ~be AAai~~~et awr aute poo/ ol loss J ihe s~st ~a nol madt pompU~ by IAe Wa~~s~a. In e~~n; ~d ~~ue.:~•.~~e
. 193 , 2994 ~