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Home My WebLink About0528 • t{~ ~ ~0 a~~.l'8`~~~i PROVIDEn, ALWAYS, that ii the 1Aortgagor shall pay unto thc ;Nortgagee the indebtedness evidenced by a certaie promissory ~ote of which the follav?•ing in words and figures is a true couv to-~~i~• . - ~ s 2,475.00 Fort P erce, ~;d, ~ August 1, l9_ 72 _ FOR H~~~LVE We ' ointl and severall promi~e to paY ~ ` to lhe orde~ ot OS N HIS WIFE ~ the principal wm of Two Thousan Four Hun re Seventy- ve an L. , togetht~ with intetest ,~thereon trom date at the nte ot t~ru perceM. pe~ a~num u~til maturiq, both pcincipd and interc~t beir+~ payable io !aw(ul money oi : the United ~tates at 2Z44 Bitcayne Btvd., Miami. Florida. ot ~t wch othe~ ~lace u the hdders hereof m~y desi~ate in w~tina. ~ Principal and ieterest p~yabte ie instdlaaent~ ar fdlo~n: Seventy ($70.00) Dollars per month, beginning on the 15th day of October, , 1972, and continuing on the 15th day of each and every month thereafter i until paid in full. f This note may be ptepaid in whole or ia put a[ter one yeat [com the date hereo( upon payment of a penalty equivalent to tive percent of the principal sum prepaid. Each inatallment paynient ahall be credited Cnt o~ the intereat due, and the rem~inder on principal: snd interr~t s:hall tbrre- upon cease upun the P~~cipal so credited. ' . The makcrs and endotse~s oi this note further ~ree to waive demand, nc+tice oE non-payment and pwtest. a~d in ih~ cven~ wit . sliall be bwught for the cdlection heerof. or the ame has to be cottected upon demand ot an attomey. to pay reasoruble attorne~? i~ fee~ foe mskin` sueh cdlection. Deferrrd payments ht?eunder ~lull bear interest at the rate ot ten percent per aonum fwm m~turit~r until paid. 7~is note is acutcd by a~oet~ae of c~rtn daie herewith and ia to be cautrued and enfonxd ~ccording to the laws of the ` ~tate of Florida; upon default in thepa yment ~f principd andlot int~ereat vvhen due, the whdc ~um af principal and intaeat remainin` unpaid ~!?d!. at the optio~ of the holde~s, becwne inunediatdy due yabk. .7,.u ~c c ~ , j - _ ' - _ - ~ ~(Sesl~ ~ '~'l'Lca'sy~'~ (SEl?L) / , Q . L) : ~ f ar~d shal! 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 estate thereby created shall cease and be null and void. 1. The Mortgagor hereby covenants and agrees: s (a? To pay ali and s~naular the p~ncipal and interest and other sums ot money payable by virtue o( said promissory note and th~s deed, or e~ther, promptly m the days respectively the same severally becomes due, (b) To permit, comm~t or sufter no ~aste aod to mamum the ~mprovnments at aU times in a state o( aood repair and cond~t~on, and to do or permit to be done to sa~d premises nothins that w•tll aiter or chanae the use and charscter of said property or in any ~aY ~mpair or veaken the secunty of this mortpse. r+lnd ~n case of the refusal, ne~lect or inability of the Mort~asor to repair and maintain said proper- ty, the Mort~aeee may, at his opuon, mate such repairs w caus~ the samc to be made, and advaoce moneys in that behaif. (c) To pay all and cinsutar the taxes, assessments, lev~es, liabilities, and obliptions of every nature on said descnbed property each and erery vri~cn Jur an~i payibte aucss~'iag so iax~, hrfort they beceme delinquent, and to deliver to t6e Morlsa6ee on or before March i5~h uf e~.h ye~r t~~ rtctipu c~i~::::i^= !ht ~~ymrn~ ..r e)1 IaWfuilv lmnosed ta:es for.the precedins calendar year, to indemnify the A1art~a~ee upon his demand tor all taaes, assescmcnts and char6es that may be assessed upon this mat~aae on the indeb~edness s•- cured hereby, and psid by the mortaagec, w•lthout rc6ard to any lavr heretofore enacted or hereafter to De enacted ~mposin6 payment o: , the whole or any .~art thereof upon the MortEaaee, j (d) To pay alt and ain~ular the costs, char6es and expenses, includins lavyers' tees and abstract costs reasonabty incurred or paid ac any t~me by tAe Mortsa6ee bceause o( the fa~lure on ~he part ot the Mwt6aaor to pertorm, canply ~vith and abide by each and every the stipulat~ons, aareements, conditions and covenants o( said promissory note and this deed, ot e~ther, and every such'payment shall bear interest tram dste at the rate of ten (10`b) per centum per annum, (e) It is further corenanted and a~reed by said part~es [hat in the evtnt of a suit beins instituted to forectose this mortaase, the Afat- ~ p~ee shall be enti~led to apply at any time pendin such foreclosure suit to the court havin 8 ~ jurisdictian thereof for the appointment of a reeeiver of all and sinaular the mwtEa6cd property, and of all tents, iecanes. profits, issues and revenues theteof, trom whatsoever source denved; aad thereupon i[ is hereby exp?essly coveaanted and asreed that the Coutt shsll /orthwith appoint such receiver W~th the usual povrers and dutiea of receivers in tike cases; and said appointment sh~ll be e?ade by the couri as a matter of strict ri6ht io the Mat~a~ee, and aithout reterence ~o the adequacy or inadequacy ot the value o( the property hereby mort6a6ed, or to the solvency or insolvency of the Morttators or any other pa~ty defendant to such suit. The Mortaaaor hereby specitically waives tAe nght to ob~ect to the appointment of a receiver as atoresaid and hereby expressly coesents that such appointment shall be made as an adm~tted equ~ty and as s matter o( absolute risht to the Mort6agee and that ~he same may be done ~vithout notice to tRe S1ort6a6or. If foreclosure proceedin~s should be instituted asainst the property covered by this mortsase upon any other licn or cla~m whether alle6ed to be superior a ~unior to the lien of this matgaae, the Mortga6ee may at his opt~on immediately upon inshtuuo~ o( .uch suit , or durin~ the pendency thereot declare th~s mort6a6e and the indebted~eas secuted h~reby due and payable torthwith and may at ~t~ option proceed [o foreclo~e this mat~sae. ({i Thsl tAe Mat6a`or ~•ill teep att real and persona! property now~ or hereafter oncumbered by the lien ot this morlgage ~nsurcd as may be tequired trom time to time by the Mort6a`ee aaainst loss by fire, ~?~indstorm and other hazards, caswtties and c~tmEenc~es (or ~uch ptr~ods snd for not Iess than such amounts as may ~e requ~red by the Mortpsee and to pay promptly when duc all prem~ums for such f msurance. The amounts oLinsursnce required by the Mort`aaee sha)! be the minimum amounts for vh~ch ss~d msurance sha1l bc ~nttrn ~ and it shall be mcumbent upon the Mort6a~or to maintain such additional ~nsurance as may bt necessary to meet and comply fully ~~~h all co-imurance requitements conuined in said policiec to the tad that the said Mort6a6a ~s not a co-insuror thercundcr.lnsurance shall be writtee by a canpany or compsnies spproved or des~6na~ed by the Mort~a~ee and alt pol~c~es and renewals thereof 'tiha11 bc he1J by tl~e Malpsee. All detailed desi`nationc by the Mortgagor w•hich are accepted by the Mortes~ee and all aareements between Mortgagor and Mort~s~ee relatin~ to insurance, now existin6 or hereafter made, shati be in vritins and shall be a part ot th~s mor~gage agreemen~ is fuUy as thoujh set forth verbat~m herem and shall sovern bo~h p~rties hzreto and the~r successors and assisns. No l~en upon any ot s~id policies of insurance or upm any refund or retum prem~um which may be p~y~ble on tAe cancellation or termmshon thereof, ~halt be ~iven to other than the Mortpsee, e:cept by proper cndorsement aff~aed to such pol:cy and appoved by Mwtaaaee. Fach pol,cy r~i insunnee sh~ll have a((ixed thereto a St~ndard New York Mort~a~ee Claust vitl~out Coelt~bution, Aakin6 all loss or losscs un~er ~u.h po{icy payable to the Mortp«e as ~ts ~ntcrest may appear. In the event ~ay sum or sums of money become payable thereundcr ~he ~t~~~~- ~a~ee shsll have the opt~on to receive and apply the same on account of the mdebtedness hereby stcured, or ~o permu the \1nrtFe¢nr to rece~ve and use ~e, or any part thereo(, witAou~ thereby ~~aivms a~mpairins any equ~ty, lien, or n6h~ unJrr and by tutuc o; ~h~. ' mat~s~e. In event of loss w physical dama6e to the mort6a6ed property the Mortp6or shatt `~ve ~mmed~ate no~~cc thcrrnt b~ , ~ Ihe Mal~set rnd~ ~he Mortaasee may make praof of los. thr same not made promptly b~~ the ~tortgagor. In c~rnt ~~f t~~rr~ I~~~ure ~•i ' 64~K ~ PAGE 1 - - ~ . ~~T~~"~