HomeMy WebLinkAbout1012 '"'~lJi•
PROYIDFn, ALWAYS. that if the ~latss~or shall pay unto the ~1ott`a~ee the ~t~debtedness ev~Jtncrd hy a
ct~ta~n prom~.ao~y nott_~_of which the followin~ in wotdc and fi~uros is a true ~opy tawit: _
f ~a~t9~ ~~ts
FOrt P r~rr•o _ ~r~.h 7 S l9_13
FOR v E I
to t~1t Otdet o~ G~~Ci ' ' T....aaraa~ eu~u P7AK1L ~AN ~S j.' p~~~ b~
the p rinci p
i
l s u m o t T H
R E E -FI
i~e~eon trwn date at the ~ste ot ta ~ • ehet with inte~at
Paceet, pei u~aua~ unW a~atwi t
p, botl~ p r i
o e i~
a l a n a i n t
e r
a t b e
i~ p n? a b k i
n l a r tu l ino~ey o~
t l~ e U n i t
e d ~ t a t
e
a a t 2
2~
4 Bi~enrne B l vd.. Mwai. Floeida, or at ~neb otber pl~ce a~ tbe bolde~s I~eoi wap de~te in r'^tin~
P~ncipr ~nd intua~t phrabk ia ~ab a~ toilow~. ~O ~t
SEVENTy'FI~ ($75.00) D(3LI.ARS per manth, beginning on the 15th da of
May, 1973, and continuing on the 15th day of each and every month~
thereafter, until paid in full.
Tt~is note enar se ptep~id ia ~bole or ie part attet p~e yeat froat tlK date 6e~eo~ ~ Pa~eat of a penRlty equivaleM
to fivc petcent ot the priatipal swn ptepaid.
~ach in.tsllment pap~ent ah~ll be creditea fsst oe d~e iuler~st due, and d~e ~aieda q~ , .
upon cease upon the principa~ w ercdittd. p~+pii; and intc~t,~a{I tbete-
Tl~e make~s ~nd e~doe~ers of tlas note furd~cr ~tre to ~?aiMe den~aad. ~wtioe oi
~hsll be bra~aht for the edlection ha+eot, oc the ~a,ae has to be ooUeeted ment aud protest~ and ie the ereat wit
fees ior tnakin` weh edketion. W~ da~~~ attonrey. b pap +casonabk atto~eep's
Qefenrd phrma~es iiereonder ~hdf bar iuterest at the ~stc of ta~
Tl~is note i~ Kcuned a P~+~~ Pa +~+nnm Eran mat~rriq ratil paid. .
b~? a~ott~e of eren date l~ere~ritl~ tnd ia to ~e eo~strucd ad eafo~+ccd ace~dint to d+e larrs of tbe
~tate of ~lo~ida: upon dcfwh in thep~?n~ent of P~~~ ~dlo~ ialenat whe~rdue, the rrhde iun~ of
_~ern~inin6 ~~ai~ at Me optio~ of the holde*s. beco~ne i~ ~_P~P+i inteee~t
~ ~y~. .
/ ~j r~
/ j
~s~t,~
anJ ~haii perform, c~xnply with and abide by each and evety the stipulatio~s, agreements. conditions and.cove-
nants of said promissory note and of this deed, then this deed and the estate thereby created shall cease and bc
null and void.
1. The Mortgagor hereby covenants and agrees: _ ~
(a) To pay all and s~n~ular the pnncipsl and interest and other sums ot money psyable by rirWe ot said prom~ssory note and th~s
deed, or e~ther, proa~plly on the days tespedively lhe sa~nt sevenlly becomes dut.
(b) To perm~~, coeom~t a suf(er no rraste a~d to msmta~n ~he improvements at all ~~~s , s~.e~ or ~o«t «p,~~ and cond~t~on, and to
do or permU to be done to said pam~ses aoth~n~ that r~N alter or cAanje tbe use ~nd chuactet ot said properly or m any rray ~mpa~r or
vesken the secunty of tAis mort~a~e. And ia case ot tAc retusal, ne~lect or inability ot the Mort~a~or to tepair sr.d mainain said proper-
ty, tAe Monpsee nuy, at Aia op~ia?, make sucA repairs a cauae the same to be made, aad adrance moneys in that behal(.
(c) To pay all and iIOjYlit IIIt l~~CS, asaessments, levies, Iiab~(ities, and obliptions of erety otture oa said described property each
and every aAen due snd payable accadini to Isr, befae they become deliaQuent, and ~o detiver to the MortLa~ee on or befae IiAarch
15~h ot eaeA year taa receipts evidencina t6e payment ot all tia~(ully ~aposed ta:es [or tl~e precedin~ ealendar ytar to mQemn~(y the
Mart~s~ee upon his deaand (ot all uses, a.sesameats aed cDar~es that way be assessed upon tbis mottaate on the indebtedness
cured hereby, and paid br tAe mort~a~ee, v~thout re`ard to any lar Aeretotore cnacted at hereatte~ to be enaeted impos~n~ ~ayment o:
the vhole or any ~a~t theteof ~pan the Mortss~ea
(dl To pay all and sinsulu tAe costs, c6ar~es and expeases, includin~ laryers' fees and apatn~t coses ~easmabty iocuned or pa~d a~
any t~me Ay tho Matpsee becaa~e ot the fa~lure on ~he part of the Mortsasor to per(o~m, comply ~ith and abide by tach and every the
~~~pul~t~ons, asreements, caeditions and corenants ot sa~d p~omissory note and this deed, or eitAer, and every such~paymeet shall bear
mtcrest (rae dste at the n~e ot ten (lOS) per centum per anoum. - -
(el l~ is furthcr corenantcd u~d a~reed by sa~d pa~ties that in the eveet of a suit be~ns iost~tuted to taeclose 1h~s matssse, the Mort-
p~ee shall be entitled to apply at aay tiarc pendins such taeclos~ae suit to the court Aavia~ jutisdict~an thereof for t6e appo~ntment
o( a receiver ot all and sio~ular the iew~~ased propertr, and of all rents, iecaees. p~otits. issues snd revteues thereof, from whatsoever
source denved: and thereupon it ia Aerebr expressly coventnud aad apeed t!?ri t!?e Coutt s6~11 (ortAritlt appoiat such rece~ver w~th
~he usual porer~ and duties of receivera in lite c~ses; and said ~ppointment shall be eadt by t6e court aa a matter of strict ~isAt to
~he M«t~s~ee, and ~~thout ~eferenee ~o the adequacy ot ~nadeguacy of the value of the property hereby mott~ased. a to ~he solvency
ix insolveney of the INort~a~as oi any other psity defendant to such suit. The Mort~a~or hereby speci(~eally ~raives ~he n~ht to ob~ect
to the appointment of t receiver aa a(atsaid and he~eby e:pressly consents that such appo~ntment sh~ll be ssde ss ~n adm~tted equ~iy
and as a msuer o( absolute ri~A1 to t6e Mort~a~ee and ths~ the same ~saY be done rithout notite to the Morlsaaw.
(f) If toreclosure proceedinp should bt iostitWed ~pinst We ptope[tr corered by tAii sqtl~ast upon aAy othe? lien or cls~m rhether
alleaed to be supena or jmia to thc lien ot t!?is mortp~e, the Mortp~ee msy at Ins optioe immedutely upon mstiluuon of such su~t
or dunn~ tAe pendency tl~ereof declare this mort~~se •nd the indebtedaess sec~red hereby due snd p~y~ble (wthvith and may at~~~
ophon proceed to foreclwe tbis morts~~e. . •
That the Mortp~or ~rill keep all real and pe~son+l propeny no~ a hereatter encumbcred by the I~en ot th~s mortsa~e ~nsured as may
be required (ros tiee to tise by ~he Mott~a~ee aaainst loss by fire, rmdstatm and o~her Aazards, c~swlues and con~m6encies for such
per~ods snd tor not leas th~a such amow~ts as o~r bt requued by the Mott~a~eo and to pay promptty ~rhen due all prcrn~wns for such
~nsurance. The usourtts of iaaunnce requirtd br tbe ~lorta~~ee s6a11 be the sin~mwn aaaunts tot ~h~ch sa~d ~nsur~nce shsll be written
and 1t shall be ~ncwnbent npon the Mortsa~or to maintain such ~dditional insurance as may be nececsary to meet and canply (ully W~th
all co-~nsur~nce requireoents conta~ned in said policies to ehe eod that the said Mat~s~a is no~ a co-inswor thereunder.lnsurance
sbsl! be rnt[en by ~ coopaey a compan~es aOprored a des~~nsted br the Mar~a~ee and sll pol~c~es and rene~als thereo( sAall be held
by ~he Mat~atec, All delaited desi~nations by tbe hlorlja~or wh~eh ~re acceptcd br the I,Aort~a~ee and alI ~reements 6et~een Yortp~or
iod Mortis{ee rel~t~n~ to insur~nee. nor e~c~stin~ or herea(tet aude~ sb~l! bt in rrilins and sh~ll be a p~tt ot this aortp~e a~reea~ent
•s (ully as thou~h sc~ fa~h ~erbatns here~n and sh~ll ~orern both psrties hereto aed t6e~r suceessors and assi~ns. No lien uoon any of
a~id pol~cies o( insurance or upon anr retund or return pre~~um ~hieb ~ay be p~y~ble ow tAe cancelt~t~on or leraen~tion tAtteo/~ shall
be ~~rcn to aAer thae tAe Mort~aacr. eacep~ Ay poaer endwsaeent atfiaed to sucb pol~cy sod a~ored br ~/at~{ce. Each pol~cy o(
~nsur~nce shall hsvt a(t~:ed there~o • St~ndud Ne~ York Alortp~ce Cl~use r~~hout Cootnbuuon, suk~n~ ~11 loss or losses under .uch
pot~cr wr+ete ~o ~n~ Mor~~,~ee ~s ~~s ~nterest waY aopesr. le the e~eat ~ey sue a suss of ieoae payable ~bereunder lhe ~lort-
aaiee sbsll h~re iAe oplioe to receive and •pply tde a~~e on acco~ril ot tAe ~ndebte~ ~~~d. ot to permtl lhe ~Nxt~aR~r
to rece~ve and use ~t, or ~ny Psrt therto(, without 1Aereby ~~~rm~ a ~u~Pa~nn~ anr F4uiiy, litn. or n~ht undet and by vutue ot th~~
m«~~ase. tn evem of Ioss or physical daina~e to tAe n~ort~a~ed proper~y the lNorlss~a sh~ll a~ve uwedute nouce tAere.~t by R~~I
~h~ ~1un~s~er ~m1 ~Re Ak~r~Ra~ee nuY ~ke prw.f of lo~. ~h. csinc ic not maJe ptwnptlY by ~he ~Iwt{a~a. In evrnt ~~f lure~la.ure of
. . ~co 2~ t~~0~
_ ~_t.
-
- ~ ~