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Home My WebLink About0151 ~ RECEIVF~ ~'3 r~r~art a ~NCEs OUE ON p~SS'C WiI1N6161F PER50ti1LL ly,t~~ ~ ~p q~TElt 71•13t. , ~ lOITMt ~ Wl~lli OOUR1. zT. ta1ClE !1A ~ PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the indebtednesa evidenced by a certain promissory note of which the following in words and figures is e ttue copy to•wit: i ~ s C.,9_25.0~____. --l-_ I~'ort Yierce, FIo~~. S~zember 29~ 73_ f~~?tt~t,~r~L~t~.~:F.~~~ORP01ZAT1' ~D~~lntly__and several] v, p~omise tu pay ' tv !h~ urdrr nf ' ~ ~ ~ - - - - - - 43---- - ( th~ ~~nnrtpal.um ~~f _S_~XTTHOUSAN!) NINE HUNDRED TWENTY-FIVE AND O~~ .~~5, ~ug~th~r with ~nt~rr.t thrr~~?n (rum dat~ at th~ rate uf ten perc~nt, pe~ ~neum until matunty, both pnnci~al and intereet l?ei~g payable in (aw(ul money u( thr l'n~t~.1 ~tate~ ~t 2':~ Bisc~yne Bhd., \L~mi, Florida, ur ~t such othe~ pi~ce a~: the holders he~eof m~y des~gn~t~ in wnting. Pr~nnpal and ~nt~r~at p~yable in insuiiments u(oUowa: Oi1L H1RJllRED FIFTY ($150.00) DOLI,AItS per month beginninK on tile lSth ! day of Decera;~er, 1973, and continuing on the lSth day uf ea.:11 and every month thereafter until paid in full. 1 h~s n~~te may be ptepaid in w:~otc ar ~r. patt a(tet one year ttom the date hcreoi upon payment of a pcnalty equ~valent t~~ li.e petccnt of :hc p~~ne~pa! sum prt, aid. , ~:~rh ~n,tallmrnt pavment •hat~ t,r ~~red~t~d (~nc un the ~nttr~st due, and thr rrmamder on pnnc~pal: and ~ntrr~~t •hall thrrr- upure r~a>r uF~un thr ~~nnci~al ,n ~•rrd~t~~1 Th~ m.l~n and rndc~rxr~ ~;f th~s r.e~t~ furth~r ~Rr~e to wa~.e d~mand, not~r~ ~~i non•payme~t and prutest, ahd ~n tFtr ~ven1 ,uil ,~IuU h~ br~,ukfi~ G,r th~ ~ ull~rtwn hrreuf, or the aame hu tu be cotfrcted upon d~mand of an attorney, to pay rea.wnaW~ attorney'~ (rr. G~r n~alinR wrh rollrr;~t~n I 11rf~rr~A pa}•mcntF her~und~r ~hsl: hear ~nt~r~~t at the nte of ten P~rc~nt p~~ annum (rom matutity until paid. ~ 1 h~~ n~~t~ .~~•~«d 6y a mast~sp~~ oE ev~n ~Ltr hrrcw~th and ~s to be ~onetnied and enforced according to the laws of tht ~ ~ut~ ~~t Fl~•nda; upon ~fau~t in tf+r pi}•ment o( principal and'n~ ~nte:eRt when due, the whole ~um ot pnn~ ~pal and intereat ~ rrmam~nR unpa~d Fha11, at the oPhon of thr holdere, become ~mmeditt ly due ~nd payable , ~ 4! ' . ~°.s~ . ~r. ~_L~ ~s~al.~ I ' -r t ~ ~ . j.' ~ (SEAL) ` and shall perform, comply with and abide by each and every the stipulations, agreements. conditions and covenants of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be nuil and void. i_ The Mortgagor hereby covenants and agrees: ' lel To pati ell and singtilar the principal and interest end other sums oi money pay~ble by ~~irtue of said promis~n• note and this deed. or either, prompth• on fhe da~•s respertiveh~ the same se~~erally becomes due. I bi To permit, comnut or suffer no aaste and to maintain the impro~ ements at aU times in a atate of Rood repair and condition, and to do or permit to be done to said premises nothing that aill aiter or change the use end c}~uacter of said property or in any rra~• impair or weaicen the security of this mortgage. And in case of the refusal. neglect or ~nability of the ~lortgagor to repnir and meintain said property. the ~tortgagee may, at his option, make such repans or cawe the same to be made, and advance moneys in that behalf. Ic1 To pay all and singular the taxes, assessments, levies, liabilities, and obligation.a of every• nature on said described propertp each and even• when due and payable acccxding co lav~r, before thec txrnme delinquent. and to delicer to che ~1ortE;a~ee on or before \tarch l5th of each ~•ear tex receipts e~idencing the payment of all IawfWly imposed taie~ for the precedi~~g calendar year; to idemnify the \tortgegee upon his demnnd for all taYes, assesr ments and chergea that may be asxs.9ed upon this mortgage on the indebtedness ~ecured hereby, and paid by the morgagee, without regard to any law heretotore enacted or her~fter to be enacted imposing payment oi the whole or any part thereot upon the Mortgegee. ~ IdJ To psx all and singular the costs, cherges and ripense~, including lawyers' fees and abstract rnsts reasonably iccurred or paid at any time by the ~fortgaE[ee because ot the tailure on the part of the Mortgsgos to perform, oomply writh a~ abide by eech and e~~ery the stipulatiocu, agreements. ; conditSons and co~•enants of snid promisson~ note and this deed. or either, and e~~erp euch payment shall bear inierest from date at the rete of ten I lb''c ~ 't per centum per annum. ~ lel [t is further rn~~enunted and a by said erties that in the ereat of a suit bei ; K~ p ng instituted to forec{ose this mortgage, the ~lortgagee shall be ~ enutled to apply at eny time pendinK wch (on~clusure suit to the court heving juri~d'.ction thereo( for the appointment of a recei~•er of all and singular the y mortgaged property, atxl of all rents, inrnmes, profits. issues snd re~~enues thereof, trom whatsoe~~er eource derived: and thaeupon it is hereby ezpressly ! co~~enanted and agreed that the Court shall forthwith sppoint such reoei~~er with the usual powas and duties of rece~~-ers in like cases: and said appoint• = ment ahall be made by the court es e mstter ot sirict right to the Nongagee, and without reference to the edequacy or inadeqwcy of the value of the pro- s perty hereby mortgaged, or co the soh•ency or insolvency of the Siortgagors or any other party defendant to such suit. The ~fortgagr,r hereby specif• i icalty wsives the right to object to the appointma~t of n receiver ss afore~aid and }sereby e=pressly oonsents thet such appointment shall be made as an admitted equitc and as a matter of absolute right to the \tortgagee and that the seme msy be done without notice to the ~tortqagor. { i ~(i I( toreclosure pruaredin~ shiwld Fx~ instituted aKainst the property co~•ered by thic mortgage upon any other lien or claim vchether alleged to be superior or ~unior to the fien ot this rtx~rtgage, thr ~tortdagre may at his uption unmed~ately upon instiwtion of such suit or during the pendency thereof declare this mortgage and the indebtednes9 secured hereby~ due and payaWe forthRith and may at it~ option proceed to foreclose this mortgsge. I g 1 That the Stortgagor wiU keep all real and personel propeK~ nox or hernafter encumbered Ap the Gen of this mortgege insured as may be required from time to time by the Stortgagee egainst loss by fire, windstorm and other hazarda, ta9ualtie~ and rnntingencies for s•,ich periods end for not less than such amounts as may be required by~ the ~fortgagee and to pey promptly when due al! premiums tor vuch insurence The amounts of ~nsurance required i by the ~forgagee shall be the minimum amounts fnr which said in~urence ehall be wTitten and it sfiall be incumbent upon the \tortgagor [o maintain such ~ addiuonai iruurance as may be neoes9ary to meet and comply fully writh all coinsurance requirement~ amtained in said policies to the end that the eaid - Mortgagor is not a m-insuror ehereunder Incurance sha0 be w~ritten by a company or companiea appro~•ed or des~qnated by the ~ior[gagee and al1 pdi- c~es and renrwals thereof shall be heW by- the ~tortgagee. All detailed designetions by the titortgagor w~hich are accepced by the 6lortgagce ard all a~ee ' ments betw~een StortRa~r and ~tortqagee relating to in~urance, noR e:isting or hereaher made, shalt be in a-riting and shall be a pert ot thi~ mortgage agreement es tulty as thoug6 set (orth cerbatim herein and shall govem both pnrties hereto end their succcssors and aseigne. tio lien upon ~ny of ssid policies of incurance or upon an~ refund or retum premium which m~y be psyable on the cancellation or termination thereof, shell be given to oth~ ttan - the ~tortgaKee, exrept A}• proper endorsement affixed to such poGcy end spproved by 1lortgagee. Each policy ot insursixe .hall Mve affized therew a Standard \ew• York :?longagee Clause without Cont ribution, malcing aU los9 or lossea untier such policy payable to the Stortgagee a9 ita interesc may sp~ penr. ln the ecent any sum or aums of money become payable thereunder the .Ltortgagee ehall have the aption to receive and sppty the same on aceour:t ; o! the indebtedness hereby secured, w tu rmit the ~iwt a or to receive and u~e it. w se Pe K 8 y pert thereof. without thereb}• w~ai~ing or impairing ~ny equi- t:. t~en, or right under aod b~• ~irtue of this mortgage. In event ot losa or physical damage to tbe mortgaged propert~ the MoRgagor ~hall give immediate s ; ' BOOK ~~O PAGE s ~