HomeMy WebLinkAbout0582 PROVIDEn, ALWAYS, that if the Mort`e~ot shall pay unto the Mortss~ee the indebtedness eviJencrd by a
ce~tain promiasory note ~f which the foliowin~ in wotds and fi~urea is a t?ue copy tawi~:
~lNit~d ~
s 2~.67S.00 _ Fnrt Pi
-,~c~,,; Flo~da Julv 19, 73
, F~~~~~~ WE ointl and severally, ~m;.~ ~o p,y
to the orde~ of ~
the p~incipai ~um ot THOII~A~ STX HUND
ER
D SEVENTY-FI~LE AND L. , to~ethet with intetest
th~teon (rom date at tbe nte of ten percent, pet annum untii matutity, both prineipal and inte~t bei~ p~yable in lawtul money of
th~ ~~nited State~ ~t 2244 Biaeayoe Bivd.. Mumi, Florida, ix ~t wch other place u the hoidera hereot may desi6nate in watina. •
P~ncipd and interest payable in inaWlmeets d[o11oMn:
FIFTY-FIVE ($55.00) DOLLARS per month beginning on the 15th day of ~ 1
September, 1973, and continuing on the lSth day of each and every ;
^onth thereafter unti2 paid in full.
Tl?is notemay be prepaid ~n whole ot io put a[tet one yeRt from the date hereof upo~ payment of a penalty equivalent
:a f~ve percent of the princip~l sum prepsid.
Fach in~tallment payrrient shali bc rredited Crat on the inteast due, and the remainde~ ort principal; and intcK•t ~hall thrrr-
upon cease upun the pnncipal so c~edited.
?h~ mak~rs and ~ndorsets of this note tutthe~ ~ee to waive demand, notice oi non-payment and pwtest, and in thr event suit
,lull be bwuRht to~ the cdlection hereo(, or the same hae to be eollccted upoo dem~nd o( an attorneY, to Pay rea~wr~able attorney's
frr. (or mskin6 ~uch edlection.
DeGned payments heteundet aha!! Dear intenst at the nte of ten petcent per annum fwm maturity unti) paid.
7'hia oot~ ia ~ecured by a mo~~e of even date herewitF? and is to be conttrued and e~[ore~d accordin6 to the laws oi the
~tate ot Fl~xida; upon defwlt in the p~yment of principd and(o~ intereit ~rhen dut, the whole sum of prin~ipal and inteted
rrmaininR unpaid shdl, at the option ot the holdees, berome +mmediately due and p~yaWe. `
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ar~d ~hall perfcxm, comply with and abide by each and every the stipulations,'agreements. coaditions 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 Mort~a6or hereby covenants and ag~ees:
(a) To psy all aud sin~ular the pincipa) and interest and other sums o( awney payable by virlue of said prom~ssory aote and this
deed, or eitUer, proaptly oe? t6t d~ys respectively the same severslly becomes dut.
(b) To persit, cammit ot suffer no ~raste a~d to ouot~~n the ~mpovemeats st all ueeea in ~ state o( ~ood tepair aad cond~uon, and to
do or pcrsit to be done to ssid prea~ses aotAias th~t ~~II alter or cMa~e the use aod cAuacter ot said p~operty or in any rray impair or
reaken the securitY o( this mor~p~e. And ia case o( tAe retus~l, ne~lect ot inability of the Mort~a~ot to repair sM auintain said proper-
ty, the Mortp~ee may, at his opt~an, auke sucA rep~irs or cause the same to ee aude, aud sdvance moneys in ~hst behsl(.
(c) To psy all and sinsulu tAe aaes, sssessments, levies, I~ab~lities~ and obliqtions of every aature aa said descriped property esch
and e~err ~heo due and payable secadin~ to lar, betore they become delinquent. aad to deliver to tAe Mortta~ee on a before March
1S~h o! eacs year ta• receipts ev~dencins tde paya~ent o( all Isafully imposed t~zes !a ihe pretedins calendu ytir; to indemn~fy the
Mort~a~se ~pon his demand tw all taaes, a~sesamcnts aed char~es tAat a~ay be sssessed upon this niort~a~e on tAe indebtedne~s
cured hereby~ and paid by the mo~tsatee, rithout reqrd to ~ay law~ Seretofore coacted ar hereatter io be eaa~ted imposin~ ?ayment of
the rhole o~ anr .~att thereof upon the Mortpsec.
~ (d) To pay all and sin~utu t6e costs, cAu~es and e~penses. indudins Isrye?s' fees and abstnct cests reasonably iacutted er paid a~
I aey ~ime br thc ?4ortp~ee becsu.se of U?e fa~lure a? the part o! the Mort~a~or to pertorm. cooply rr~th and abide by each and erery tAe
I stipulat~oes~ a~reements, conditions and covenants ot said prasissory note u~d this deed~ or ei~her, and every such'payment sAall bear
; inurest (raa datc at ehe nte o( tee (!0';) per centum per snnum.
<c) It is trnMr co~aa~ted aed asreed er aaiA p~rties tbat i~ ttie evest d~ srit beia~ uutitnteA to (oreelosa tAis watsase. We A1a~t-
i pta aAall be e~titisd w a~lr ~t ahr ti~e os~di~ irc~ tarsclo~Yre srit to t4 cart l~~is~ jorisdictioa tAereot tor d~e appoinu~eat
~ of ~ ~ecei~u d~Il pd iiaplu tt~e ~t~a~ed ~rooetty. isd et ~11 re~b. isca~es. ~ts. iaa~ea asd r~~esrea tbenof. Jro~ ~baaoever
E sowee detired; ~M d~ere~oa it is 4reby eaK~alp eovewted ~ad ytNd tbt tYe Cowt ~11 torWvit? aMost s~Y recsirer ~it6 -
tAe rswl po~eri a~d drtits of reui~en ia lite eus~; ud ~aia ~~si~t~nt ~all Se ~de er t?s eart u~~attsr ot strict ri~Ac to
' tbe Mortq~ee. wd ~itYoot rafereece to wa ~e~wcr « i4.aea.a~er ot ~re .a~ne ot we ~oDenr rereer .«y,sea, or to ihe solveeer
~ or i~sol~arey o( tAe Mort~a~ora or ~er od~a ~rty d~(esdaet w s~eb aai~ The Mort~asar bs~eby aaeiticdlr ~~ires d?e ri~bt to object
to tre ~~olenw~ of ~ ressivu u dorss~id wf berebp ea~eut~r eaus~u ~iat sw~ ~oprint~eet N~alt be yde as ae adwitted equity
~sd u~ ~ttar ot ~bsoi~ts ri~t to d~e Mort~a~ee aad that tie ~~s rr bs da~s wiaan eotiee co tYe Mo~W~or.
~ (f) If foreelosrre
procsNiys ~AouW be iastiwted s~»st ~ie proysrt7 eo~e~~d bp ~i• ~ortp~s rpia oy od~er~liea or claiw ohetAer
•IIe~cA to be sperior ar j~ior to 1he lie~ of d?u ~ort~a~c. tYe Nortsaps ~sr ~t Aia ootia~ i~di~tely npon ~ASLllYltall OI i4CA fY~l
or A~iy t?e psaae~er t~ato( deelue e~ia .onsa~e .ar us ~eeaeess sa~~red ~sr.~ d.e .wa p.r.ek torw.~a~ .oa ..r
ootiae pxesd to faselo~e d~ia ~ort~ye.
~ TDat ~be Mveyajor ~ill keep sll ~eal a~i osnaw~l pro~ut~ wv or laeatta e~euirDe~eA 6~r tre liea ot tYi~ ~tp{e iasured as a~Y
be reqwred Ga~ ti~e to ti~s bp tMe I~lort~te ~{aiwt Ioss A~r Cue. riadstot~ aed w?er 4atardi. c~swlties asd contia~eacies fw such
oerioda an/ tor ~ot ku fYa~ srch ~ioMta u~r bs tea'ued er t?e yotyape aad to Nr oro~tlr ~rAti dre all Oreoiues (ar sYtb
insonscs. 71s roa~ta e1 irrrye~ reqrired b t~a lfort~se sbll Oe tMs ~ a~ornts tor v?id s~id i~srrs~ca sYall be nittes
' aad it alull M iac~6e~t ~ Uw Yortss~ar t~ ~utais s~c~ ~dditiaul is~rnecs ~s ~r be ~«::ur w.K~~..a co~.p~y r.ur.~a~
i all co.i~rrMee cepri~erats co~tai~d ie saiA plfeica to Us ~a0 tY~t d~e wid 1/ort~or is eot a co-isarror t6ete~eder.lnsnrance
s6~11 be ~itta h~ oo¦~a~y ar co~prisa ~oprov~A or Aesiwtd or d~e Morya~es ~ed ~11 pliciss an0 rt~~~b tASrcot sU~ll be Yeld
_ ~r t!s MatWee. All ~stailsd dssipatiau !~r eb Mortp~ar ~ri~ieY u~ acceoted y is Moryaaee aed alt ~rsaseets ?st~seA Alortja~or
; ~wd Mortjape relatins to iuraaes, wi salstinj or ~ersdter ~ad~, ~11 be i~ writi~ u~d sA~ll ee ~ art at tYis ~atp~e yrecaaat
' u t~ltr u ~Yo~yA set forH vsrb~ti~ U«sis ~M ~YsU ~orq~ bo1Y rutiss 6sreto Nd tYeir arccessors ~d u~ips. No lien a~ ~r ot
? ul~ plicisa of iianra~e~ ar ret~/ ot nbra ~sai~ ~Yid ~sr be arable o~ tis tuesll~tiaw a ier~iaalios IAcreo/. sAall
bt jirsw te w~er Ma~ tM Morya~~e, ~~esDt 6f Ro~ eMorse~t dtiad to s~d ooliey asd ~„roved bp Mortp~ee. EacA oolicy of
ias~~es ~Il lyve ~tfis~A trento ~ S~d~rA Ns~ Yart Moryape Cl~ws .vitbort Co~triA~tia~, ytia~ ~11 loss a losses uader such
; oolier Mr~6k to tAt Ilart{~ee aa ita ietaeat ~ar q/e~r. b t!s swai a~ i~ et arr d~ossr eeew~e My~blt tAtrewMtr the Non-
p~ee sA~ll Aare•tbe oPtiaw to receive ~~d ~~ly ds u~e os ueowt ot tre i~hbted~sas bcreer secwcd. or to oenrit the Mo~i~aEor
i to recei~s ad we it~ ~~sr oart d~creo(. ~itbort tlere?r v~ivie~ a~ i~iri~ .er ep~~~r. liea, a riat w~der ~nd br ~1rtYe of tAt.
~ ~ortaa~e. f~ eve~t e1 lo~s or ~6riical Oaajt to tMe ~oryated prooerqr d~e Morya~o~ iYall ~i~e i~sedi~te aotice tbereof br mail t~~
We Mo~tN~ee and ~Ae Matp~ee wy ~ks proof of loss if ihe s.se is aa nade orowalr br ~he f~1a~~.~a. In event nf (orc~ln.ure o!
' . ~OOK 2~~ PALt ~ ( ~ .
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