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Home My WebLink About0099 PROVIDED. AI.WAYS, that if the 1lortgagor shall pay unto the tiiortgagee the indebteciness evidenced by a certain promissory note of which the tollowing in words and figures is a true copy to•wit: . Ff , ~d~ ~8 750.U0 Fart 1'ierce, Flor~da _Uctober 13~___ ~~~73 g! - g ! F(1K ~'AI.UF RECEI~'ED _ tu the ord~~ o( B~:RDI E GOI.[)5T~_`~ 1 prom~a~tu N~y ;h~ principal sum of FOUR THOUS~~I\D SEl1EN }i~•~D.h'ED FIFTY AI\D no/ 1Q41)1.LARS, together with irtrn.t a; th~reu~ irom date at the rate of teo perce~t, per ~nnum unti) maturity, both principal and int~reat being pay~ble in law(ul moncy u( IIIr l:nited 5tates at 2.''.~l Bucayne Blvd., :~liami, Ftorida, or at sucfi other place as the holden hereof may de.ig~~atc in w~~tipg Yr~ncipal and iniereat payible in inattUment~ u tollows: ~»E HUNURED ($100.00) I~LLARS per month beginnzng on the 15th day of i~ December, 1973, and continuing nn the 15th day of each and every month thereafter until paid in fu1Z. . f j Th~s note may be prepaid ?n whole or in pact after one year ftom the date h~reo( upoo payment of a penalty eqwvaltnt i,: l,vc pcrcent of th~ princ?pal sum prepaid. Each in~taliment payment shal) be eredited firsl on the interest due, and the ~emainder on prineipal; and intrr~~t ~hali thrrr- upun ~ea~e upun th~ principat so credited. i Th~ makcrs and ~ndorsers o( this oote turther agr~e to waive demand, notice o( non•payment and protest, a~d in ihr r?en! .uit ..!;ail be b~uught for the coliect+on heceof, or the aame hss to be collected upon demand of an attomey, to pay rea.wnaLle attorney'~ Err. for making such colltction. t i Deferred payments hereunder ahdl be:r interest st the rate of te~ percent per annum from maturity untii paid. ~ 7~his not~ ia necured by a mo~tgpge of eve~ date herewith and is to be conetrued and ertforced according to tht laws of the ~tat~ of Flo~ida; upon default in the payment of pri~cipa! andlo~ inttrent when due, the whol~ sum of principal and interest I r-Pma~nin g unp ai d c h ill, •t t h e o p i io n o i t h e h ol d a r a, b eco m e i m m e d i a t t l y d ue a n d p a y a b l e. ; _ ~ 1 i ~ ~~~s t~-t-~ / ~ ~ : n~i =r- '"~L._ !`71~(SEAL) . t, 3 (SEAL) 4 ' - and shall perform, comply with and abide b}• each and e~~ery the stipulations, agreements, conditions and co~enants 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 ~lortgagor hereby covenants and agrees: ~ !al To pay all and sinRtilar the pnndpai and interest end other sums of crwney pay~able b~• virtue of said proinissnry note and thu deed, or euhei. prompth• on the dacs respecticeh• the same severaliy becromes due. 1 bl To permit, commit or auf[er no vcaste and to maintain the impro~•ements at a0 umes in a state of good repair and condition. and to do or pertnit to be done to said premises nothing that a~iL aker or change the use and charaaer of said propeny or in am• way impair or wee{cen the security ot this mortgege. And in tase of the refusal. neglect or inabiGty of the \tortKagor to repair and maintain sud property, thF ~tortgagee may, at his option, make such repairs ~r cause che same w be rrade, and ed~ ance mone~ s in that behaif. i. ~ To pay all and singular the taxes, as.~sments, lea~es. Gabilrties, and obLqation~ ~if ecen~ r.a[ure un said descnbed prupert~• each and e~•en• when due and pa~~ahle accwding to law, brfore they become~definquent. and to drtia•er to the \turtKagee on ar beFore 1larch 15th o( ~:ch cear tau receipts eaidencing the payTnent ot al! lawfulh• imposed tazes for the preceding calendar ~•enr: to idemnifj the Atottgagee upon his demend for all tazes, asse.ar ~ ments and charges that may be assessed upon this mortgage on the indebtedness secured hereby, and paid by the morgagee, without regard to any [a~ heretoFore eaacted or hereafter to be enacted imposing payment of the whole or any~ part thereof upan the 1lortgagee. ' idi'Co pey all and singutar the costs, charges and e=pertses. including lawti-ers' fees and abstract costs reasombly irxvrred or paid at any time by the : ° \tortgagee hecause of the failure on the part of the ~tortgagor to perform, compty with and abide oy eeth a~ every the stipulationn, ageements, f conditions and co~•enant~ of ssid prortussory note and this deed. or either, and even- such payment shall bear interest from dete at the rste of ten I 104c I r per centum per ennum. ~ ~e) It is further co~pnented and agreed b~ said parties that in the ecent of a auit beinR instituted to foreclose this mortgage, the Diortgagee shall be ; entitled to epply at em~ time pendinR such forcrlosure suit to the eourt ha~~ing jurisdiruon thereof for the appoiatment of a receiver of eli and singular the mortgaged property, and of all rents. inoomes, prolits, issues and re~enues thereof, from ahatsoever source deri~~ed: and thereupon it is hereby eYpressly ? cocenanted and agreed that the Court shall torthaith appoint such receicer with the usual poaers and duties ot receiven in like case~: and seid eppoint- ment ehall be made by the court es e matter ot strict right to the Alortgagee. and without reference co the adeq~ucy or inadequscy of the velue of the pro- perty hereb}• mortgaged, or to the aoh•ency or insol~•ency ot the ~fortgagors or any other party defendant to such suit. The tiiortgegor hereby epecii- i ~caily~ w•sive~ the right w object to the appointment of a receiver se aforesaid and heceb~• e:pressly consents that such epQointment shall be msde es an s adrtutted equity and as a rr~atter ot ab~olute right to the \tortgagee and that the satne may be done without notice to the Stortgagur. s 3 ~f~ If foreclosure proceedings should be inst~wted ageinst the property rocered by th~~ murtgar3e upon any otha lien or claim whether elleged to be supenor or ~unior to the lien ot this mortgage. t he ~lortgaqee map at his optioa immedieteh~ upon institution ot sucb suit or during the pendency thereof " declarn this mortgage ard the indehtedness se~vred hereby 3ue and paqeble fortnKith and mey at its option proceed to foreclose this mortgage. : Ig1 That the lfortgagor w ill keep aIl real and personal propert~ now or hereaher encumbered by the lien of this mortgage inwred as msy be required from ~ time to [ime by the tifwtgegee against loss b~~ (ire, windstorm end other hezard9, casualties and contingenciea for suc6 periods and for not lese tMn such amounts as may be required by the ~tortgagee end to pay prompth~ when dur all premiums for such insu~ance. The smounts of in~urance required by the ~torgagee stull be the minimum amounts tcrr vchich said insurence shal} be x~,ttrn an~ it shaU be incumbent upon t6e ~lortgagor Co maintain ~uc6 additioml insurance a~ may be necesser}• to eneet and comply tully ~vith all co-in~urance requirements contained in said policie~ to the end that the said ~ !1lortgagor is not a co-insuror thereunder. Insurence shap be w-ritten by a compem or cumpnnie~ epproved or designated by the ~tortgagee and aU pdi- ` cies and renex•als thercof shall be held bc the ~lortgegee. A!1 detailed desi~mstions bti• the'~longagor ~chich are accepted by the \tortg~gee and all aBee i f inents between'.1lortgagor and ~tortgagee relatinK to insurance. now e:ist~ng or hereaher made. shall be in w~riting and ehall be a psrt of thie rtwrtgage agreernent as (ully as though set (orth ~erbahm herein and shall gocern bo!h periies Fereto and theu successors and assigns. No 4en upon eny of ss~ poiicies of msurance or upon anc refund or retnm premium which mey be peyable on the cancellation ot ternvnauon thereof, ahaU be given to other Lhan - the ~torigaKee, except by proper en~k~rsement aifixcd to such policy~ an~ appro~~ed b~ ~lortgagee. E~ch policy ot insurance shall have ~ifized thereW • Starxl~rd \rw i or4liortgagee C:ause ~c;iEcut f~r.i::bc:ion, mskeng s[1 lnas or iMaec undt+r aurh polic~• papebk to the Nortgagee es its inte[e~t may ap~ pear. In the es•ent eny~ wm or ~ums of money become peyable thereunder the ~tortgagee shall have the option to receive and apply the same on ~coount ' of the ~ndebtcdnras hernh~ Serured. or to permit :he \tortgaqor to receive and use it, ot any part thereot, without ttxreFiy w~iving or impairing any equi- ~ ti, tien, or nght under and b~~ ~irtue of this mortgaqe. In ecent of loes or physual dunage to the mortgaged property the Atortgagu[ ehall gi~~e immx#iata 4 . BooKzzo ~E ss ~ . _