The URL can be used to link to this page

Home My WebLink About1319 . ,,1i, s ~ PROVIDEtI, ALW/1YS, tha~ if the ~brt`a~or ehall pay unto ~hz t~ct~a~rc the indeb~edness evidenced by a ctttain pr~ni~s~xy note of which the followin~ in words and fi~ures is a true copy to-w~~t: s 5~ 850 .00 Fort P erce, _ _ r g~ 1~~ ~9 72 , , E'OR VAI.UE RECEIVED_ _ We, iointly and severallY, prom;K ~o ` co che orde. or SAM SCHILLEN ND _ NORMA CHILLEN HIS WIFE ~r ~ princ~p,1 wn~ oi ~ive Thousand Ei ht Hundred Fift and n OOLLARS, to~ether with intetesl thcrcon ho~u dat~ at the nte ot tes petee~t, pee annwa uetil maturiq. both prineipal and interat bein6 p~y~bk in law(ul money uf the 'ted Stata at 2244 6i~cayne Blvd., Mi~mi. Fbrida, or ~t weh other piaoe a tl~e hdden hcreof may de~i~at~e in writi~. Prine and intereK pn?abk iw installa~ent~ as lolbws: One Hundred Forty ($140.00) Dollars per month, beginning on the 15th day of July, 1972, and continuing on the 15th day of each and every month thereafter until paid in full This note msy be prspaid in whole or in put atter one year from tbe date hered' upon payment d a penalty equivalent to five percent o~ the principal sum prepaid. Eaeh in,~tallment parnient ~hall be creditcd fint on the iaterat due~ and the remainder on prineipat; aad intere•t rhdl t`rrr upoo eease upw~ the pnncipa~ w credited. N The make~s and endonets of thu note lurther a~tee to vraive demand, notice oE no~-p~r ment and peotest, and in thr eve `w~t rhall be brou~ht tor the collection hereof, or the s~n~e ha to be colleeted upon demand oi an attornep, to pay reasonable atto~ t fee~ for makina weh edlection. DekRed paqmenb hereundet ~11 beu inteKSt at the nte of ten per+eeeit per annwn frwn iaaturitp until ~aid. This eote M~erd by a mort~e oE even dde herewith and is to be constrned and enforced aecoedu~ to the laws of the St~te oi Florida: ~pon detwlt in thepayment~ of p~ineipal andlo~ intuest Mlkn due, the v~rhok wm ot pnncipal and intceest reniaiein~ unpaid ahdl. at the option oi tbe holde~s, becon~e in~nediatdy due and payabk. . , (SEAL) . i . , (SFAL) ar~J shall perform, comply with and abide by each and every the stipulations. agreements, conditions and cove- nants of said promissory note and of this deed. then this deed and the estste thereby created shall cease and be nuil and void. . 1. Thc Mortgagor hereby covenants and asrees: (a) To p~Y ~~d sin~ulu the princ~pal and intereat and other sums of moaey payable by viriue ot said praaissory note and this deed, or either, proaptly on the days respectively the same severally becomes due. (b) To permit, camit or sufter no ~raste and to maintain ~he ~mptorements at all times in a state ot ~oad repair and conditioa. ~nd to do or perm~~ to be done to said prereises nothins that vill alter or chsnse t6e use and cA~racter o( s~~d property a ie tey rrar impair or reaken the security of this mort~ase. And ia case of the te(usal, ne~lect ar inability ot the Aloitsasor to tepair and saintain said proper- ty, the Mor~pEee may, at bis option, make such repairs or cause tUe same to be oade, aad advanee isoneys in that behslt. ' (c) To pay all and ainiulu t6e taaes, •ssesssents, levies, liabilities, and oAliptlooa of every nature oa said described property each ~ and every rhen due and psyable accadin~ to Iaw, before they becaae deliaquent. aod to detirer to t6e Mort~s~ee m or be(ore 1NarcA lSth of eacd year tax receipts erideaciat !ht payment ot ~II Isrfully imposed ts:es (ot the precedins caleodu year; lo indemnify tht Mart6a`ee upon his deaNnd for all taxe~, assescments and chsr~es tAat may be assessed upon this a~orttase on tAe iodebttdness s•- cured hereby, and paid br the morte~aee, rithout resard to any lav 6eretofore enicted oc hcreatter to be taacted isposina payment of the shole or any ..art thereof upon tbe Afortaasee. (d) to pay all and sir?~ular the costs, charres and expenses. includ~es la.ryers• fees and abstract costs reasmably incnned eK paid at any time by the Mort6ssee because ot the ta~lure on the pa~t ot the Mort~asor to perfvrm, caeply ~rith aed ab~de by eac6 ana every t6e ~ st~pula~~ons, ajreemeois, cooditions and coveeants of said protissory note and this deed. w either, snd every such'paya~ent shall bear interest troa: 3atr at the rste ot ten (10'i) per centum pet annum. . ~ ~ te) !t ~s (urther corenanted u+d a~reed by ssid parties that in the e~ent of a suit beins instituted to faeclose this mat~ase, the Alat- ga~ee shall be entitted to spply at aay time pendins sucA foreclosure suit to t6e court 6a~ins jurisdiction theteof for the appoinUaeot or ~ re«~Y~~ ot ,n ,na s;~,~,. d~~ ~.o.~a,j~a aoanr, snd ot all rents, incoaea, p~ofita, issues and re•enues tAered, tros rhatsoever ' source denved: and thereupan it is hereby expresaly corenanted aad a~reed tbat the Caut shall fotthwith appoint sucA receiver r~lh the usual powers and JuUes o( receivets in like cases; aad said appo~nt~eat sAall be made by ~he cowi as a matter of strict rijAt to the Mortpaee, and without reference to the sdequacy or inadequacy of the valut ot the property hereby mortp~ed, or to the solrency or insolvcncy of the lNwtp~ors ar any other party Jetetwiant to such suit. The Matsa~or hereby specitic~lly raives tMe ri~ht to object to the appo~ntment of a receiver as afaresaid and hereby eapressly consents that sucA appoinuaeat sAsll be made as an admitted equity and as a matter ot absolute ri~lft to the Mortp~ee and that the sase wy be done without notice to the Mott~a~or. ! (f ) If foreclosure proceedin{s should be ins~ituted a~ainst the property corered by th~s aiortp~e upon any other lien or claim w~hether allesed to be supetior ar junior to tl~e liea of this mort~a~e,;the Mort~a~te may ~t his option im~oediately upon instituuon of sucA su~t or dur~n` the pendenty t6ereof declart this morts~se and the indebtedness secured hereby due and payable torthrith and may at its opuoe proceed to (oteclose thia aatt~a~e. (v That the Mortq~or ~ill teep al) teal and per~onal property no~ or heteattet encumbered by the l~en of sAis mortsa~e insured as may be required from time to tise by the A~lortss~ee aq~nst loss by fire. ~r~ndstotm and other hazards, caswll~es snd cont~n6encies for such ptr~ads ar+d iw ewt less tAan sucb so~ounts ss mry be ~equired py the Abrt~a~ee and to pay proaptly rrden due al) prem~ums ta such insurance. The aoouats of inaursece required by t6c Mort~asee aha11 be tLe minimum a~aorr?ts for ~r6ich said ~nsutance shall be wntten and it shall be incumbent upon [he I~fort6aeo~ to mainUin such additional ~nsurance as may be necessary lo meet and complr fully ~ith al! co-inswsnee requireoents contained in said policies to the eed that tht ssid Mat`asa is not a eo-~ns~tor thereundet.Insurance shall be vrntten by a caspany or compan~es approved or des~`aated by the Mottsa~ee and all pol~cies and rene~rals t6ereof sb~ll be 6etd ;j~ e Afatsa~ee. AII detailed desi~nationc by the Mort~asor r~h~ch ue accrpted br the Mo~~tatee snd sll ~reements between Mort~a`or a tio~ {o insuraace, nor eaistine or hereattet made. ah~ll be in ~-ritiq~ and shsll be a part of this ewrtta~c a~teement ~/'/~~i ~~s tu~yy~ ~~['~brt4 te aUm Aerein and shall sorern both p~rtics hereto and their sutcessors aad assi~s. Nd lien apon aoy ot •Y ~ s~l~,yq~~~f ~ I~+rance~or ~n any retund or retum pemiw~ which vay be paysble on t6e c~ncell~tion a tere~inauon ihereof. sh~ll ~~e. fi n te~ii~f the Mortq~ee, eacepi by proper endaseoent atti:ed to such policy and a s ~ policy of j~ ~~?:'iwsur~c~~~i~/~~oti~r, ~tfl~o~~lreto a Standud New YoH[ Motya~ee Cl~we rithont Coatribution. mak n~ aU!`oss or losses Ynder such 4 policY DaY`~ ~j _t ~lb~t lu interost ~Y a ar. In the ereat any sum. p~ sW~t ~one~ become c 1~ D~ 4tr payable thereunder the \4ort- ga~ee shall have•t~Af~q~t ~eive and •pply the s~o~e on account of 1he irids~t~A~ss herebr secured. or to permit the Mott~aEor # Mo to rece~ve and uso it, a an 'pifl thcreof, witAout thereby waivins or impairie~ any equity, lien, ot ti~t under and by v~nue ot th~~ ~ mo~ts~~e, In event ot loss or yhrsical daau~e to the n~ort~ssed properly the Mort~a~or shall ~ive ~mmedute notice thereot by ma~l tn the Mort~asee and~ the~IHortsadee iasy mate proot of losv ~f thc ssme is eot made promptly by.~he A1ortY's~or. In event o( (oreclnwre ot ~ ~ flR A E03K PACf ~J~~ ~ - - ..~j