HomeMy WebLinkAbout1788 PROVIDEtI, ALWAYS, that if the ~1ott~a~or shall pay unto the \lott`a~ee the indebtedness e~•~denced by a
certain pe~rn~ssory note of which the fo11oN•in~ in wotds a~d fi~urrs ~s a true copy to-N~t
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OctoUer 14,
E ~ : ~ ~~+5~, Q~ - - ;1liaiui, F'Iuri~1:L- - ~~~-71
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FOIt ~`ALl`E I~CCF'11'El)- I - Prun?i~r t~~
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t~~thrurd~•rof_I.(1l~IS_SO`~IERS_A\D P~AULIi~E SO~t~i1~?KS~_HIS_ WIFE
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! i tl,~• pnn~•iE,a~ o~Three_Thousand _Fotir_ Hundred__ Fif t~_ anc~__ i~Io~~.Q01>~~1.I.:VC~, tu~;~•th~ r Mit6 uil~~r~~~t
ti~r•r~un lru~n date al lhc ralr of tcn perrcnt, prr anuum until tnaturily, butl? ~~rinri},al and intrr~st 6~•ino pa~able' 11t I:SN'IUI IOUflC\ uf
N~~ l~nitrJ titate: at '.'.''-u fii.ray~ie 13hd., \lia~ui, E~lorida, or at such otl~er Nlarr a: the holden hrrrof ma~~ dr•i~nate in N'fl~lt~c.
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k'rinri~,al and intrrr:t ~~a~aLlc in imtallment~ a= [ullu~v;:
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j~ Seventy ($70.00) Dollars per month, beginning on t11e 15th da~• of
December 1971, and cor~tinuing on the lStli day of each and every
month thereafter until paid in full.
~ j This note rnay be ptepaid in Hhole ot in Pact after unt year fro:r~ the date hereof upon payment oC a penalt~~ equi~ aient
~ j c~~ fi~•e percent of tF~ principal sun~ prepaid.
Each in:tallmrnt pa~ n~rnt ~hall be credit~•d ~ir-t e~n lhP intere~t du~r, and th~ remainder on pnnci}~al; and intr~~~~t ~hall th~~rr-
' u~,un cra~~• upon thr principal -u cr~•dit~•d.
~ ~ ~ The n~aker~ and rndor~rn ~f thi~ nutr furtli~~r .~~rrr tu ~.ai~c drniand, nutice o[ uun-F~a~ rut•r~t an~! ~~r~l~~~t, anJ in th~• event >uit
~h.~ll l~e bruuoht [or thc collrctiun h~~rro(, ur th~r ,;~m~ h~ tu Lr colic:ct~~d uF~Ol1 (Ici113h1~ C~f an atturnc~•, to pay ~ca~unabl~• attorne~'~
; j! f~ i~~ w~king;uch cullcction.
_ [)eferred pa~ ment~ hercundrr ~i~all brar inten•=t at the rate of tcn percent per annum {roin rnaturity ur~til ~~aid.
f ~ ~ 1'his notP i: ~ccured L~~ a murtoioe of e~~en dete herrM•it}i and i~ to be coiti~trued and enforced accvrdin~ to the IaMS of the
~ ; ~t~tr of Florid~: u~~un dFiault in the pa~riient of princiE~al anrZur intrre~t whcn due, thr w~hole ~um of ~rincipal and int~n•~t
~ i r~•niainiuo unpaid ~hall, at the uption of th~ hold~•r~, beconie irumediate ~ dur anJ payable.
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~ Pr~parcd by ~piclrr ~t Teudrich. 1tt~rn~ys -'~2-10 Ri~ca~ne Rlvd., ~liarni, FlutiJa
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~ and shall perf~~rm. c~~mply M~th and abide b~ each and e~•rn the st~pulation~. agreements, cond~hons and cove-
_ nants of said ptum~~sot~~ nvte and ~~f this deed, then this dced and the estatr thereb}~ created shalt cease and be
nult and vo~d.
1. The Mot[~agor hercb>~ cu~enants and agree~:
- (a) Tu pay al! and ~~nQ,:far snc pr+nc~Dai and ~nccrcsc ar:~ othe~ ~ums o( money pa>ablc ny .~~rwc o! sa~d prom~ssaS note •nd ~h~s
- dted, w e~ther, promp~ly un ~he da>s reapecu~~lY the same se•erally becomes dut.
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lbl Tu permit, comm~t ur ~utier no wa~ie a~d ~o maini~~n !he ~mpro~cments ae all t~mee ~n a state oi `ood repan and cundiuun. ind ~o
' do a permn to be dor.e ~o sa~C prem~ses noehent e1a: w~ll alcer or .Aan~e the uae and chu~cur of sud property ur m anv ray ~mpau or
re~ken the secun~Y ~f th~~ mori~~~r. ~nd in c~sc of ~he re(usal, ne~lect or in~bil~ty of the No~t~~~or to repa~r and munu~n sud proper-
ty, the Noct~a~ee may, a~ Gis op~~an, makt yuch repa~rs ~r .ause the same ~o be m~de, and advance moneys ~n that beh~l(.
ic) Tn pay all snd ~~njalar tAe taaec, aasessmen~~. le~~es. liab~li?~es. •nd obl~~~uons o( everY nature on sa~d descnbed property each
~nd e~ery rhen J~e and pa>able acccrd~n~ tu ta~, beiore they become dtl~nQucnt, and to del~~er to the Mort~a~ee o0 or betore Much
IStA o( e~ch year ta¦ rcce~p~s eYider.c~n~ the payment of •Il IaWfully ~mposed taxes for the preced~n~ c~lendar ytar, to mdemnilr the
Mal~a{ee upon h~s dcm~nd 1or alt ta?tt, asu.~mcrt:s and .A~r~ea tAat may assessc6 upon this mo~t~aje on tAt cndebtedneis s~-
cured hereby, and paid by cAe mort~a~ee, w~~hou~ ressrd to •ny lw heretofac enacted or Aerea(ter to be eoacied impoain{ ~~y'ment of
the ,.hole or anf vrt thereof upun eht Atort~aree.
(dl To p~y ali and ~in~utar ihe costs, chu~es •nd e•penaef, ~nclud~n~ la~)er~' fees and ab~tr~ct ~osts reaso~abty incurred ~r p~~d a~
- •n~ ume Ay tAe Alort{a~ee Decause oi the tu{ure on tAe p~rt of the Noresa~or tu pe~torm, ..xnpiy r:ch and abide by e~ch and ever} the
st~pul~t~ons, a{reemen~s, cond~t~nns and covenants ot said prexmssory note •nd th~s Jeed, or e~ther, and e~ery such paymcnt sh~il be~~
~ntaest from d~te ~t the rate o( ten I IOS) per cen~um pcc annum.
_ (e) It u fut~her eorenanted •nd ~~reed Dy sud pscues tR~t ~n the event of a su~t be:n~ ~nat~tuted ~o taeclose th~s mor~~~~e, the Mort-
- ~a~ee •A~11 be ent~tled to apply ~t any t~me pendin~ such foreclosure su~t to the court hann~ jwud~ct~on tAereof fa !he ~ppomtment
of ~ rece~rer of ~It and s~n~ulu the mortaa{ed property, and of sll renu, incanes, prof~ts, usues and revenues thereof, (rom vMtaoc.er
= swrce Aenved. and tAeroupon ~c Aereby eapressly coven~nted and a~reed cA~t tAe Court ~A~I1 fo~th.~th ~ppo~nt auch rece~rer ~ruA
` t)+e osu~l porers and duhea ot rece~rcrs ~n lite case~: •nd •ud ~ppo~ntmenc sAall be m~dc Dy the court •s a m~tter of stnct n~ht to
the Mort~~~ee. and W~tAout reference to ~he ~deQu~cy a m~deQwcy of tl~e vtlue of the ptoper~y htteby mwt~a~ed, or ~o tAe ~olrency
- or ~niol~entY o( ~he Mort~~{ws a•ny otAtr p~t~y delend~nt to •ucA •uit. TAe Rlort~~~w herc~y apec~(w~lly +.a~re+ tAe n~ht ~o ob~ect
~o tAe •Opo~nteent o( ~ rocesver ~s a(oresud and htreby eapressly conacnt• th~t such •ppointment sAal1 be m~de u•n adm~eted epu~~y
and a~ a nuner o( ~b~olute n~At to tht A1~xt~~~ee •nd th~t ~he ~~me m~y be doae W~thou[ noticc to the 1Aort~~~ar.
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(I) jf (oreclosurt proceedmp shoutd bc ~nat~wted ~~~inst the property covered by th~s mortja~e upon any other l~en or cl~~m rhether
alle{ed to bc supenot a ~un~or to tAe ~~en o( thu mort~~~e, tAc Mort~~~ee may ~t his ophon immed~~tcly upon inahtuuon ol sucA sui~
a dur~n~ tAe pendency tAtrcof declare [h~s mort~~~e •nd ~he ~nEes~ednes~ secured hereby due ~nd p~y~ble torth~~th and m~y a~
opt~on proceed to foreclo~e tAis mott{~~e.
- (~3 TA~t Me Ma~{a~or ~~11 trcD sll real ~nd pcr9onal property noa a Rerc~f[er encvmbtred by iAe I~en o! tAu mortis=e insured •s m~y
bt requucd fran us~e to U~e Dy the Mort~~{et •~unst ~oss by fue, r~ndst~rn and othe+ ha¢uds, c~swlues •nd c~nim~encies tor such
- Per~od~ ~nd fot not le~a N~n surh ~moun~~ u ~eay bi reQuued by tAt Mot~~a~ee •nd to p~y promptly +~Aen due •11 prcm~ums fp such
' ~nsyranct. The ~a~w~nts of ~nsurutce reQwred by the Mort{~~ee sh~ll be tAe m~n~muen •mounts (or wh~ch s~td ~nsut~n~c ahall be Wruten {
•nd ~t sA~ll De mcua~bent upon the Mort~~aw lo ~e~~nt~~n such •dd~hoe~l inaur~nce •a m~y be necess~ry to meet ~nd comply (uily r~tA
all co-~naur~ece requirements contamed ~n sud pol~c~e• to ths tod th~t tAt sa~d Mai~~~or ~s not a co•~nsura the~eunder.lniur~nce
- ~A~11 be .rntun by • co~p~ny or caspan~es •Ppro•ed a des~~n~ted by the Mw4~{ee •nd ~11 pol~c~es and rene.sls iAereof ch~11 be helJ
- by tAe Mat~a{et. All deq~led de~~~n~t~oas br tht Ma~~~tor .h~eh are ~ccepted by the Mort~~~ee and all aareements bet~een Moct~~~or
snd Mort~~{ee ~elet~n~ to ~n~ur~nct, nor ex~st~n~ or Aerc~(ter m~dc, sh~ll be ~n •r~t~n~ •nd sh~ll be a p~rt of cA~a mor~~~~e •~nemen2
u(ully u tAouah sst (atA ve~Dwm here~n an0 ~hal{ ~orern bo~h ~rt~es here~o •nd the~r successors ~rN ~s~i{ws. No I~en upon •ny of
~ s~id pohc~ca of ~nsur~nce or upan ~ny refunA o?return prem~wn rh~cA in~y be p~y~bte on tAe e~ne~ll~hoe or term~n~~ioe thereof, sh~11
be ~~ven tu other ~h~n ~he Maq~{et. eacept er proper sndorscmcnt ~ff~acd to sucA policy ~nd ~pprored by INat~~{ca FacA pot~.y of
~n~ur~nce •b~ll h~ve •(f~~ed tAertto ~ St~ndud Ne+ Yat Mort~~~ee Cl~ust W~~ho~~ Con~nbuuoe, rnak~~~ all loss or losses under ~uch
pol~cY p~Y~plt to ~he MortN~st ~ts ~niere~t maY ~pP~~r. In tAt evsnt •ny ~um or sums of money Secane p~Y~~lc ihereunder ~he Nor~.
~~~es sAatt h~re ~hc opuon to rece~•e and •pply tAe ~~we on aceount of tAe ~ndestedness hercby secured, or to pennji ~he ~Ior~~aF~r
to rsce~~e •~d ws i~, or ~ny part Nt~eof, r~tAou~ thersby ~a~vin{ a imp~inn~ any tQuisy. I~en. o• n~A~ unde: and Ay .u~uc of ~A~,
wat~aae. In event of Iw• a pAri~c~t d~ma{t to the ~ort~s~ed property the Mort~~~« sA~ll ~~ve ~mned~ate noucc thereo! ~y ~^u~
the ~Iw~ja~ee and ~Ae ?br~~~~ee maY make pruo( ot ioss ~f ihc same ~c no~ madr piomptlR ty ~!~r Nort~a~or. (n e+~en< <,f torc.~,,•~rc
~~~~r~~ FACE~.~R~
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