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Home My WebLink About1282 PROVIDEn, ALWAYS, that if the ~lortgagor shall pay unto the Nortgagee the indebtedness ev~Jenrtd by a certa~n promissory note ~~f which the fallowing in words and ligures is a true capy to-Nit: ~ ~ _ _ ~ ~1la~t;~age i1,~te ~ 4025. 00 ~1iam~, F~~~~dA___Novemt~er_ 13 71_ - _ _ ~ Ide 'ointl and severallv Y F~ ?Ii \ ~ I .1 f: Rf'('! 1 \ l ? ~ • Promi:r tu ~a~ - - - - - - - - ~h~• ~rd~~r ~~f SAI~I HUROtdIT'L r~~U A~i\'F'CTE _ ii0R0~JIT'L, li IS WIFE------_ thr ~~rui~ y~al ~um,~r Four Thousand T~Jenty-Five_ and _no/100_-----_-~)O~,~,,~K~, ~„Rrihr~ wUh ~nlrr~•-t I ~h~•rr~~n frun? datr at thr rat~~ ~~1 1~•n F~~•rrrnt. prr annurn unt~l matunh•, t,uth pnncipal and ~ntrrest t?rinR pa~able in lawful mau•~ u! i ~hr l nitrd ~tat~•~ at :.''.:l•l tii~~•acnr Iil~d.. \liam~. Florida. or at w~•h other placc as the hulders h~mof may designate in Mnt~nK. ~ Pnncipal and ~nterr~t pe~ able ~n in~tallmrnt: as fulluw.: One-Hundred ($100.00) Dollars per month, beginning on the lSth day of January, 1972, and continuin~ on the lSth day of each and every month thereafter until paid in full. Th~s note may~ be prcpa~d ~n whole or part after one ~•ear ftom the date hereof upon payment of a penalty equ~valen~ t~~ f~vr percent of the prmc~pal sun? prepaid. fa~•h in~tatlmrnt F~a~ inrnt ~h~ll br cr~ditrd fir~t un th~ int~~~st due, and the remainder on principal; and inter~:t stiall thrn•- u~?un ~•cv.r u~~un 11~~• ~~r~m-iE~al ~u ~~rrd~t~•d. i ~Thr makrr. aud rndur.rr. ~~f th~~ nu?~• furthrr aKrre to waive d~mand. noticr o( non-pavmrnt and protest, and in th~ event suit ~ ~h~U Lr bruuKht (ur thr ~-ullrctiun hrrru(, or thr ~ame ha.~ to be collected upon demand of an atturney, to pay reasc~nable attorney~: I~•.•~ lur inakin~ wnc ~ullr~•twn. : ~ I)rfrrrcd pa~ mrnt~ herrund~~r ~hall hear intrrr~t at thc rate of ten percrnt pcr annum [rom maturih~ until pa~d• I ~ ~I hi: note i~ ~e~~ured k~y a mort~;a~e uf Pvrn date h~r~with snd ic to be construed and enforced accordinR to the laws o[ the ! ~ ~talr of F~lo~ida; up~n drfault in th~ pavm~nt of pnn~•iPal an~'or inierest when due, th~ whole sum of principal and int~r~st ~ I n•maminR unpa~d ~h:+ll, at the option uf thr huldets, hrcome immediatel • ue and payaLle. ~ , i _ ( - . ' ~ - _ (sE~L} ~ ' - ~ ; _ r~~~ ! j, ~ , - (SEAL) ~ ~ Prep~r~A b~ ~pKler 8 T~ndnch. Atlomey. - 2240 H~.~cayne Klyd.. ~liami, Flo?id ~ ~ , ~ ~ ~ ar~J shall perform, rumply µ~th and abide by each and evety the stipulations, agreements, conditions and cove- ~ nants o( said promissor~ note and of this deed, then this deed and the estate thereby created shall cease and be null and void. ~ ~ 1. The Mortgagor hereby covenants and agrees: (a) To pay all and smdular the pr~nc~pal and mterest and otAer sums ot money psyable by v~rwe of sa~d prom~ssory note and th~s ~ ` deed, or erther, promptly on the days respectively the camt severally becomes dut. (b1 To permu, commu « suffer no vraste a~d to ma~n~am the ~mprovements at all times in a state of ~ood repair and condiuon, and to ~ do w perm~t [o bc done to sa~d prem~ses nothen~ that M~II alter or cAan~e the use and character of sa~d popetty or m any ray impair or Y weaken the secunty of this mon~a~e. And in case of the refusal, ne~lect or i~ab~lity o[ the Moct~ator to repair and maintain s~id proper- ; ty, the .llort~attee may, at hIS opt~oo, make such repairs or cause the ssme to be made, and advance moneYs in that behalf. ~ - (c) To pay all and ~~n~ular the haes, assessments, le••~es, I~abilities, and obli~ations o( every nature on ssid described property each and cvery Mhen due and payable accordm~ to law, befae they becane deliaqu~.,e, and to delrver to the Mort~a6ee on or betore March lSth of each ycar taa receipts t~~dencing the payment ot al! laa~fully ~mposed taaes for the ptecedins talendar year, to mdemnity tht A1at~a`ee upun his demand for all taaes, assessments and charses tAat mry be assessed upon this mortsase on the indebtedness s~- = cured hereby, and paid by the mortRa6ee, witrout rcgard to any la~v heretofote enacted or hereafter ~o be enacted impos~n~ ?ayment oi ~ the whole w any ~art thereot upon the \tortEa6ee. (dl To pay all and s~n6ulu the costs, enu6es and expenses, includmg (awyers' fets and abstnet costs teasonably incurted nr pa~d at ~ any t~mr by tAe Matga6ee becauce of the (a~lure on the part of the Mort6asor to perform, comply W~th and ab~de by each and every the s4pulaUons, a`reements, condrtwns and covenants of said promissory note and this deed, or either, and every sucd~payment sAall be~ _ = ~ntercst ftom date at the rate of ten (!0°0l per centum per annum. ~ (el It is (urther covenanted •nd agreed by said parhes that m the event of a suit beinj inst~tuted to taeclose this mort~a~e, the Mort- f ~ ~a~ee shall be eatrtled to apply at any hme pendins such (oteclosure suit to tAt court havirts jurisdict?m thereo( tor tht sppo~otment of a rcceiver of all and sinsuiar the mortgased property, and of all rents, ir.cames, profits, ~ssues and revenues thertof, trom Mhatsoever sourct derived; and tAereupon ~t is hereby eapressly covenanted and asreed that the Court chall fotthvit6 appoint such receiver r~th the uswl poWers and dut~es of rcce~vers ~n lite cases; and sa~d appomtment ~hall be made by the court as a matter of strict nsht io ~ the Mcxi~a~ee, and wuhout rcference to the adequacy or madequacy o( tlie valut ot the property hercby mortaa~ed, or to the solvency or msolvency o( the Nortjagors or any other party defendant to such su~t. The Nortsa~or hereby spec~hcally M•aives the ri6Et to ob~ect to tht appo~ntment of a rece~vcr as aforesaid and hereb~ expre~sly consents that such appo~ntment shall be made u ~n sdmrtted equ~ty - and as a mau~r of absolute n`ht to thc Ma[ga~ee and that the same may be done w~thoul notice to the Mortta~or. - If forcclosure proceedin~s should be ~nst~tuted a~ainst Ufe property covered by th~s mortaa~e upon any other hen or cla~m wAether = a~leged to be supener or ~umor to the I~en o( th~s mott~age, the Morisaaee msy at his option ~mmedutely upon msutuuon of such su~t or dur~ng the pendency thertof declarc tMs mortga`e and the indebtedness secuted hereby due and payable (cxthWrth and may at its - opt~on proceed to foreclose th~s mor~~a~e. - (t) That the ~lortsa6a w~ll kecp all real and personsl propetty now or hereatter encumbered by the fun ot this mort~a~e msured as ma~ be requ~red from hme to time by the Slortsaset a~ainst toss by f~re, windstorm and other hatards, essualues and cor:undeac~ts tur such per~ods and ior nol less than such amounts as may be required Dy the Mart~agee and to pay promptly uhen due all premiums frx such msurance. The amounts ot msurance requ~red by the Mortgagee shall be the m~n~mum amounts for ~vh~ch said :nsuunce shall be rrrtten 'Y; and ~t shalt be mcumbent upon the Mortsaga to m~intam such add~UOn~I msurance as may be necessary to meet and comply (ully w~th - ' all co-insuraace rtqwrcments coma?nrd io said pohc~ts to the end that the sa~d Mortga`a ~s not a co-~nsuror thereunder.lnsurance shall be Mntten by a company or companies approved or dec~gnated by tht Mortia~te and all pol~cies and rene~valc thereof shall be held j by the Ato~tp~te. All deta~led desi6nat~ons by the Mortsa6or wh~ch are accepted by the Mort~a~te and all asreements betreen Mort~a6or - and Mort~agee relahng to msurance, now ea~shng or herea(~er made, shall be in ~rritin6 and shall be a part ot th~s mo~t~ade a~~eemen~ = as (ully as thou~th set fexth verbahm herer? and shall sovern both parties hercto and the~r successors and ass~gns. No l~en upon any ~~f said pol~cies o( ~nsurance or upon any refund or roturn prem~um wh~ch msy be payable on the caneellahon a terminaUOn theroof, shall :zs be p~en to other than tAe MortEagee, except by proper ~ndorsement affixed to such pol~cy and approved by ~1ort~a~ee. Each pol~c~ ~~f ~nsurance shall have affiaed ~hereto a Standard New York Nortsa6ee Clause N~thout Contnbuuon, makins al) loss or losscs un~er ~uaA =~a :.--5 policy DaYsble to the Mortp~ee as its ~n~erest may sppear. In the erent an~• sum or sums of money become payablc thereunder the ~tm[- 6~6« shall have the opt~on to rece~ve and apply the same on account of the mdeb~edness hereby securod, ot to permu tht ~lortgapor to rcce~ve and use it, or any part the;eof, without tliereby waivm6 or ~mpa~nn~ any eqwty, lien, or n~ht under and by vutue of th~. mortfa6e. In event uf loss m phys~cal damaEc to Ih~ mortgaEed property the *lort~aaor shall Eive immed~~te notice thcrcof Ay r^ail t„ s ' Ihe Murtsa6ee anJ thc ~IortgaEee ms}• make proof o: :o« if thc same not madt promptly b> the Slwtsador. In evrnt o( torc~l~wrc of ~ - . BGRic 197 ~.,~F1~81