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Home My WebLink About2033 PRt)YIDF.1~, ALVIAYS. that ~f the ~luttgagat ~hull pay unto ~he ~lortg;~grt the ~ndebtedness ~v~denccd by a certa~n pc~tin~.sury note ~f which the folloNing ~n wutds and fi~ures ~s a true ropy to-Nii: ~~aH~~~ i~ f~., 275 _ OQ Fort P erce, fla;~ Tune 15 ~ 19Z2~ FOR VALUE RBCEIVED We . i ointly and severallv. pwn+i~e co pa~ ~o eh~ o~d~~ o( ~1ILLIAM GROON ihe princiPal wm vt Qne Thousand Two Hundred Seventy- f ive and , toaethet with ietettsl thenon Iwm date at the nte ot ten perceot, pu annum until maturity. botb pcincipal and interest being payabk in law(ul mo~er o~ the,United ~uta at 2244 Bi~cayne Blvd., Aliami. Florida. or at ~ueb othe~ pl~ce as thc hddcrs hueoi may designate in writina. Priacipal and intcrest payabk in installmenb ~ tollovs: T'hirty-five ($35.00) Dollars per month, beginning on the 15th day of August, 1972, and continuing on the 15th day of each and every month thereafter until paid in full This note may be propaid in wlwle or in part after one year from the date hereof upon paya~ent of a penalty equivalertt ~o five percent of ihe p?~ncipal sum prepaid. Each installment paynient shall be cadited fust on the intee+est due, and the rcmaiede~ on pcincip~: and interr~t ~:hdl t6e~e- upon ceas~ upon the pri~tipal w crcdited. The makees and endonees of this note further a~ne to waive dem~nd, notice of non•payment and protest, and in thr event wi ~I~all be bwught for thc edleetion hereof. or the ~ame has to be collected upon demand ot an attorney. to pay ceasonaWe attornry~ trC~ tor mikin6 wch cdlation. Deierred payments heeeundu ~hall beu interest at the nte o~ ten petecnt per an~um Iran ~n~turity until paid. 7'his oote i~ xcured by a~e oE even date herewith and u to b~ comtrued and enforced accordin6 to the laws of the State ot Florida; upon default in thepa yment of prineipal andlo~ intue~t Mhen due, the r+hde ~um of pnncipal and intet~ert rrmainin6 unpaid ~haU. ~l the optio~ ot the holde~+. become inunediately due ~nd pirabk. . ~ ~~i ?11 ~-..-T~~ i ~ / , Z ($EAL) ~ f ~ 7 / • -'~f/1_~'~ (SEAL) an~ ~hatl perform, comply with and abide by each and every the stipulations, agreemznts, conditions and cove- nants o( said promissory note and of this deed, then this deed and the estate thereby cteated shall cease and be null and void. ~ 1. The hlortgagor hereby covenants and agrees: lal To paY all and ~~n6ulu the princ~pal and ~nterest and other sums o( money paYable by virtue ot said prom~ssory note and th~s deed, or e~ther, pcomDUY on the days respectively the same severally becanes due. (b) To perm~t, caamit or suf[er no waste a~d to ma~ntain the ~mprovements at all t~nes in a state of ~ood tepair and eond~tlon, and to ! do or perm~t to be done to said premises nothin6 that will alter or chan~e the use ~nd cAaracter o( sa~d propetty a ia any w~ay imPs~r or Meaken che secur~ty of this mort~ate• and in case ot the retusal, neslect or inability of the Mort~aior to repa~r and msintain said proper- ty, the Mor~ta~eee may, at his ophon, mate such repairs or cause the same to be msde, and advance moaeys in tbat behal[. i ; (cl To pay a11 and cinaular the taaes, assessments, lev~es, liabilities, and obliptioos of every nature on sa~d desctibed property each j and every ~rhen due and payable accordias to law~, befare they become delinQuent, and to deliver to the Mortsa~ee on or be(ore March ~ ISth of eac6 year ua receipts ev~denc~o6 the paYment o( sll larfully ~mposed ta:es for the precedin6 calendar rear; to indemnify the Atatgaeee upon his demand (or all taxes, assescments aod charses that may be assessed upon th~s mortiase on the indebtedness s~- ~ cured hereby, and pa~d Dy the mort6atee. +'~thou~ regard to any la~r• heretofore eaacted or hereatter to be enacted imposios ~aY~~~~ o~ the whole or any ~art thereot upoo the Mort6a~te. ; (d) To pay all and c~n6ular the costc, charges and t~pencec, includ~~6 laryers' fees and abstract costs teasonably incurred ex paid at any t~mt hy thr \hxt6a~ee because of the taslure on the part of the Mort~a6or to perform, c~mD1Y ~v~th and abide by e~ch and erery the ~uputauons, aartements, cond~uons and corenants of said prom~ssay note snd eh~s deed, or e~ther, and every such~payment shall bear ~ntcrest (rom date at the rate of ten (IOS) per centum per annum. • ~r) !t ~s further covenanted and a~reed by sa~d part~es [hat ~n the even~ ot a suit bcme instrtuted to foreclose this mortaa~e, tAe Mott- gasee ~hall be entitled to apply at any time peeding such (oreclosure suit to the coutt havin~ junsdict~an iheteof for the appointment ot a receiver o[ all and sinsula~ the morti~6~d D~oD«<Y. ~nd ot all reats, ~ncomes. prof~ts, ~ssues aod revenues the~eof, tros whauoever source derived; and thereupon it is hercby expressly covenanted and a~reed that tht Court shall torthv~th appo~m such receiver w~th the usual powerc and Juues of recehers m like cases: and said appotntment shrll be made by the court as a matter o( strict risAt to thc Alortga6ee, and without reference to ~he adeqwcy or madequacy o( the value ot t6e propertY hereby mo~tpsed. a to the solvency ~ or msolvency of the Mortsasas or any other party de(endanl to such suit. The Mortgssor hereby spec~[~cally w~aives tAe rieht to ob~ect to the appomtment oi a receiver as a(oressid and hereby expressly consents that such appomtment shall bt made ss sn admitted equuy ar.d as a matier ot absolute ri~ht to the Mort`a6ee and that tAe same may bt done ~rithout notice to the Mortsasot. (f) If foreclosure proceed~n~s should be instituted against the property eovered by th~s mort~a`e upon any other lien or claim whether aileged to be superior a jm~or to the hen of this matsa6e, the A~lort~a6ee maY at 6~s opt~on ~mwed~ately upon mshtut~ao of such su~t ~ or durin6 the pendency thereo( declarc th~s matsaE~ and the ~ndebtedness secured hereby dae and payable fathw~th and may at ~ts opt~on proceed to foreclose th~s awrtp6e. ~ 16) That the Mat~aaor will keep all real •nd personal pceperty nov or hereatter encumbered by the I~en ot :his mortaa~e insured as may ~ be required from time to tine by the Mort~atee aeamst loss by (ire, v~ndstam and other hazards, cssualues and conungenc~es for such y penodc ~nd ior not leas thsn such •mounts as msy be requued by the Mort~~~te and to pay promptly rhen due all prem~ums for such msurance. The anKwnts of insursnce required by tAe lNortaa`ee shall be the eun~mwn amounts [or wMch sa~d ~nsurance shall be wntten ~ and it shall be incumbent upon the Mortpsor to msmtain such add~uonal ~osurance as may be necessary to meet and comply (u11Y M~th ~11 co-~nsurance requ~rements contamed in said pol~cies to the ead that the said MortEaior ~s no~ a co-~nsuror thereunder.lnsurance ~ shall be ~n~ten by a coa~pany a cwnpames approved w desisnated by ehe Mortaa`ee aed all policies and rcnerais thereot shall be Aeld ~ ny ihe ~fu~t6aEee. All deta~led deci~nat~ons by the Mortaasor wh~ch are accepted by the Mortsa~ee and all aareements betwten Mortiaao~ ~ and Mwt6a6ee rel~nn6 to ~nsurance, nmr exist~n~ or herea(ter made, shsll be in ~ntia~ and sAall be a part o( th~s matsa~e a~reement as tully as ihou~l+ set forth verbat~m herem and shall sovern both p~rtles hereto and tAeir successors and assi~ns. No lien upon any of ~ said polic~es ot ~nsurance or upm any rcfund or remrn prem~um ~hich msy be pay~ble on the cancellat~on or term~nri~oR thereof, shall be a~ven to oshcr than the Mort6~6ee, eacept by proper endorsement affiaed to such pol~cy and approved by Mortsa~ee. Each policy of ~ msurance shall have affiaed thereto a Staodud Ner Ywk Nortss~et Clause w~thout Contnbuuon, makin6 all loss or losses under Such ~ pol~cy payable ~o ~Ae Mortp~ee as ~ts ~nterest enay appear. In the event any sum or suma o( money Decant payable thereunder thc ~fort- ~ geRcc .hal! have the ophon to rece~re and app1Y ~he s~me on account d the mdeptedness hereby secured, or to perm~t the ~Iort6aFor to rcccivc and use u, or any parl thereo(, a~lhout thereby rarvma a impa~naa any equ~ty, 6eq, or ~~~ht undet and Ay vutue o( th~. rt~t~a6c. In evrnt of lass or phYs~cal dama6e to the mortEased pro~erty the MortpEot shall ~ive immed~~te nouce thereot by rratl t~~ the ~IurtgaEce and the ASortaaEet may make proof of lo~~ if the same not maJe prti~r;•;1y by the ~lorisa~or. In event of tore~ln.ure of , ~~1:!`,~~ ~V:~r~~"' 4 _ ~ ~ .r~ ~ t;'=~ s x - ` ° ~ ~ ~ti =w_~v - ~ ~ _ _ . . . . ` ,i' '2 ' _ _