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Home My WebLink About0750 i . Aba~fract ~ Titie Corp. of Eiotid~ PRl)Vll)f:ll, ALN'AYS, that if th~ \lottga~o~ shall pa~~ unt~ ~he !Nort~a~ee the indebtedness evidenced by a cetta~n prum:asuty nute of which the following ~n words aod fi~utes ~s a true copy to-u?•it: ~ t 3, 825 . 00 Fors~~rce , Flo~da . JulY 8~ l~_ 72 ~ FOR VALUE RFCEIVED We ioi~tl,y and severa~,lv, promi~e co pay~~ to the order ofWFRNFR N_ BONE i, AND IRI~IGARD BQNELL ~ HIS WIFE the principal sum of Thr Thc> >s nd .ight Hi~nd?-Pd Twentv- f ive anY~~.. , eth« with intetest thereon [rom date at the rate o( ten pecceot, per an~um unW matu~ty. both principal ~nd intereet bei~ payable in law(ul money uf United Stata at 2244 Bi~cayne B{vd.. Atiimi, Florid~. or at wch othe~ place as the holders hereot may designate in writina. P incipd and interest payable ie inaWlment~ u tdlow~: Seventy-five ($75.00) Dollars per month, beginning on the 15th day of Septe~nber, 1972, and continuing on the 15th day of each and every month thereafter until paid in full This note may be prepaid in whole ot in part after one yeu from the date hereof upon payment of a penalty equivale~t i ~o f~ve percent of the principal sum prepaid. j Each installment payment ahall be credited first on the inte~t due. and the temainder on pcincipal; and intere•t rhall there~- upon cease upun the principat w ctedited. 7'he makers and endorsers o( this rwte futther aa?ee to waire demand. notice of non-payment and protest. and i~ thr eve~ 't ~I~all be drought tot the collection heKO[, ot the ame h~ to be collected upon demand o[ ~ attorney, to pay nasonaWe att i~ (rr. (or makin6 wch cdlection. ~ Deferred payments hereundes ahall beu ieterest at the nte of ten percent per annum from maturitp until ~sid. 7'hi~ note a acund by a nwrt~e of cven d~te hetevrith and .is to be construed and enforoed aecordu~ to the laws of the ~tate of Floridr upon det~ult in lhe ymeet of principd andlo~ intaat when due, the vnhde w~m of pn~cipal and intered ` Kmainin` unpaid ~ha11, at the option o~'~ ~ia~~, ~~~~a~.~y a~ .~a p.r.ek.., _ f ~ ~ , ~ ~~L) ~C' t t' ' \ ~:1~ ~L~M,'~ (SEAL) i ~ S ~r~J ~hall perform, comply with and abide by each a~d every the stipulations, agreements, cooditions and cove- nants of said promissory note and of this deed, then this deed and the estate thereby created shall ceass and be null and void. ~ 1_ The Mortgagor heteby covenants and agrees: la) To pay all and sin6ular the principal and intrrest aad other sums of moncy payable by virtue ot ssid promissory note and this de~d, or eithe~, praaptly on the daYs tespec[ively the same severally becomes due. (b) To perm~t, caamit « sutter no Waste a~d to mamuin thc improvements at all tia~es in a state of ~ood repair aed condiuon, and to do or permit to bo done to said premises nothin6 that w~ll alte~ or cA~nse the use and cAatacter of sa~d property or ia any ray impa~r or weakrn the secunty o( this ma?~ase. And ~n case of the refussl, ne~lect or inability ot t6e Mort~a~or to repair and msintain said proper- ty, the Llat~aEee may, st his opt~oa, make suc6 tepairs a cause the same to be rasde, and advance moneys ia that ifeAal(. i ~ (c) To pay all a~ s~atulu the tues, assessments, lev~es, liabilities, and obli`ations of erery aature on said desctibed property each f end every ~hen due and psyable accord~ns to Isr•, before they becane delinquent, aad to deliver to the Alort~aiee on or betore MarcA E 15th of eacl~ year tax reteipts evidencin~ the paYment o( all lawfully imposed taxes tor the precedias calendar_ year; to indemnify the ~ Mortsase: Yp00 F113 demand tor all taxes, assesa~ents and chsraes tdst ~nay be assessed upon this mortjate on the indebtedness s~- ~ cured hcreby, and paid by the mat6aaer, without regard to any Isw heretofae enacted or hereafter to be enacted imposin~ psyment o: ~ the .hole or any ~+art thereot upon the Mort6~i«• (dl To pay all and s~neular the costs, charses and expences, includ~ns lawyers' fees and abstract cosu teasonaDly incuned nr paid at any I~me hy the \lor~6a6ee because ot ~he (ailute o~ the part of the Alortgaaor to perform, comp(y v~th aad abide by each and every the supul~i~ons, ayeeraents, cond~t?ons and corenants ot said pomissay note and this deed. or euher, and every such'payment sAill bear ~nterest f~um date at the rate of ten IIOTc) per centum per annum. • (rl It ~s (urthet covrnanted and asteed Dy said part~es that in tht event of a suit bcin` irtaututed to toreclose this mortsa~e, the Mat- ga`ee ~hall be entitted to apply at any ~ime pendina such (oreclosure auit to the court harins jurisdictim thereof for the sppointment of a recei~er of all and siasular the mort~ased property. and o( all rents, incomes. protits, ~ssues and revenues thereot, from vhatsoever ,ource derived; and thereupon it is hereby e:pressly covenanted aad asreed that the Cwrt shall twthWith appoint such receiver rrleh the u.ual powerc ~nd duhe~ ot recei~ers in like cases; and sa~d appomtment shall be made by tde court as a matter of strict risht to thr M~igagee, and oithout reference to the adequac~~ or ~nadequacy ot the vslue of the property he~eby matss~ed, a to the solrency or msohency of the Nor~aagors or any other party defendanl to sucA suit. The MortEa6or heteby spteitically +~aives lhe ti6ht to object to the appo~ntment of a rece~ver as aforesa~d and hereby txpressly cansents that sutA appointment shall be made as an adm~tted equily and a. a matter o( absolute right to the Mo~t6asee and that the sarne o~ay bt done v~thout notice to the Mott~a~or. (f) li fixec{osurc proceed~n~ should be instituted a6a~nst the properry covered by this mortsa6e upon any other lien or cla~m whether ~ alle6ed to be ~uper~or or yunior to the lien ot this mo~taase, the Mprt6a~ee may at bis opuon imiaediately upon mstiwtion ot such suu ~ a durins the pendency thereot declare this mortpae and the indebtedness secured hbreby due and paYable (orthwith and may at ~ts ~ opuon qoceed to toreclose th~s mortsase. (6) 7'hat the \1~xt6a6or w~ll keep sll ~eal and personaf property now~ o~ herea(ter encumDered by the I~en ot this mat`a~e insured as may ~ be required (ran t~me to time by the Mortsa6ee asamst loss by fire, wmdstam and other hazards, casualties and cont~n6encies for such ~ per~ods and tor not less than such aawuntg as may be reQuued by the Mort~asee and to DaY D~~Dtly rden due all prem~uas for such insurance. The amounts of insurance required by the !?1ort~aaee shatl be the min~mum amounts fw vh~cA sa~d msuraece shall be wntten ~nd ~t shall be mcumbent upa: the Mor[~a6or to ma~ntain such add~uonal ~nsurance as may be necessary to meet and comply fully +~th ~ all co-~n;wrance requuements con~a~atd in sa~d policies to the ead that the said Mortaaaor ~s not a co-insurot thereundet.lnsunnce ~ ,hall bc wnnen by a company or compaa~es approved or desi~nated by the Mortsasee and all policies and reaerals thereof sAill be held by the !~fo~tga6ee. All detailed deai6nst~ons by the Mort6a~or w~h~ch are accepted by the Mortsa~ee and all ajreements betveen Mat~a6or and Mor~ga6ee rclat~na to insurance, nor eaistina or hereatter made. ahsll be in rntin6 and shall be a part ot th~s mortsa6s a~reement as (ully as though set forth rerbatim herein and shall sorern botd parties here_to and the~r successor; aod sssi{ns. No lie~ upon any ot said pohc~es o( insurance a upon any refund or rewrn premium wAic6 oay be payable oe the uncellation or termmation thereof, shat! ' be ~~ven te other ~han ihe Alortsaaee, eacept by proper endorsement affixed to suc6 pol~cy and ~yproved by Mat`~~ee. Each policy of msurance shall havc aftiaed thercto s Standud New Yort Mort~a~ee Clause w~thout Conv~but~on, makin~ sll loss or losses under sucR policy payable tu the Matp6ee as ~ts ~nterest msy appeat. In the event any sum or awns ot moncy become psyable thereunder thc ~1ort- ~ gasee ~Aall have the ophon to receive and apply the same on account o( the ~ndebtedness hereby secured, or to permit the NortEaEor g to rece~ve and use or any part thereof, vrithout thereby waivins a ~mpau~n~ any equrty, lieo, or ndAt under and by vutue o( ~Au ~ ~~6+6~; (n event of loss a physical damase to the mort`ased property the Afort~a`ot shaU ~~~t ~mmedute nouce lhercof by Ta~l t~~ ~ th,- »:Ktga~ce ~nd the AbrtEaEee may make prouf ot los. d ~he same is not made promptly by the Mwtdasa. In erent of twe~ln~ure ot j ~ ~O~K PAGf ~e~U ~ ~ ~ ~ . _