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Home My WebLink About0862 : ~ j ~ ~ PROVIDED, ALWAYS, thet if the Mortgagor shall pay unto the l~lortgagee the indebtedness evidenced by a certain promissory note of which the tollowing in wotds and figures is a true copy to-wit: . ~dHCi~l~ ~Ol~ ` t 4~925.00 Eor~ Pierce~ Fl~ds November 8~ ~~73 1 FOR VAI.UE RECEIVED I ~ promi~e tu pay ~ to the orde~ of EDWARD BRO , the pnncipd sum ot FOUR THOUSAND NINE HUNDRED TWENTY-FIVE an , ~ogNh~~ with intetrKl th~roon (~om date at the nte o( ten perccnt, pet ~nnum unti) maturity, both principd ~nd intcreet beinR p~y~ble ~n law[ul money uf ~h~ United 5tatc~ ~t 2244 Eiiacayne Blvd., Miami, florid~, or ~t such othe~ place aa the fiolders hereaf m~y de~~gn~t~ in writinR. ~ Prineipa) and intere~t payable in inatailment, n iollows: I ONE HUNDRED FIVE ($105.00) DOLLARS per month beginning on the 15th ~ day of January, 1974, and continuing on the lSth day of each a~nd ~ every month thereafter until paid in full. I Th~s note may be prepaid in whole ot in part a[ter one year ftom the date hereof upon paym~nt of a penalty equ~valent ~ eo f~ve percent of ihe pnncipal sum ptepa~d. E:ych in•tallmeet payment ahall be credited rtst on the interest due, and the remainder on principal; and intrr~~t ~hal) thrrr- ~ upon ceas~ upun the principal ~o ctedited_ Th~ makers and ~ndorsers of this note turther a~ree to waive demand, notic~ o[ non-p~yment ~nd protest, and ~n ~hr ~vent ~u~t I .I~ali be brou~ht (or lhe collection hereuf, o~ the same has to be coltected upon dem~nd of an attorney, to pay rea~onabl~ attorney~~ ` (~r• tor making euch tollection. ~ Deferred paymcnta heteunder shall bear interest at the rate oE ten percent per annum 4om maturity until paid. , 7'hi. note ia acured by a mort~ege o[ even date herewith ~nd is to be conatrued and en[orced according to the I~ws o( the = I `ta ~ of flcxida; upon default in the Payment of principd and'o~ intereet when due, the whole eum of principal and interest ~ ~ r.~inin~ uopaid ahatl, a1 the option of the holdere, become immediately du ~nd payaWe. - _ ~ I ~ ~ I,LI i ~ ri ~`-t- ~j~~c~L ~LcT(~k.1L) ~ , (SEAL) i and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants ; of said promiseory note and of this deed, then this deed and the estate thereby created shalt cease and be null end void. 1. The Mortgagor hereby covenants and agrees: 1~1 To p~y ell snd aingu4r the prindpsl and interest end other surtu of money payaWe by virtue ot aaid promissory note and this deed. or eitlxr. promptly on the days respectivdy the aame aeverally become~ due. 1 b1 To peraut, commit or suHer no wraste aad to maintain the improvements at all times in a state of good repair aad condiGOn, and to do or permit to be done to said pre~?ixs nothing that wrill shv or change the we and cluracter of ssid property or in any w~ay impair or w~eakea the eecurity of this mortgage. And in cax of t6e retiwl, neglect or inability of the Mortgagor to rnpair and maint~in said property, the 4lortgagee may, at Ais optim, make ; such repairs or cawe the same to be made, and advance mone}•s in that behalf. i ; Ic 1 To pay all and ~ingular the taxes, assessmrnts. levie~. liabilities. and obligations o( ecery nature on said dexribed property nch and every w~hen due i and payable according to laa, before the}• beoome delinquent. and to deli~•er to the ~lortgagee on or betare btirch IStA of each year tu receipcs E e.idencing the p~yment of all lawfully impoaed tue~ for the preceding calendar year: to idemnify the Mortgagee upon hia demand [or a0 taies, ~asees ~ menta snd chargea that msy be asxs+ed upon this mortgage on the iodebt.edness ~ecured hereby. and paid by the morgagee. witholit regard to any law ~ heretofore enacted or Iwe~ker to be enacted imposing psyment of the whole or any psrt thereof upon the Mortgagee_ ~ e 3 - ~ Idl To pay dl and singular tbe costs. chargea and expetues. including tawyrss' feps and abeuact oost~ rea~ooably incurred ~ paid at any time by the ; Moregagee beca~ue of t6e failure on the part of t6e Mortpgor w perform. rnmply with and a!?ide by each and every the stipulatioa~. agreements. ~ concLtions and co~~enants ot a~id promissory note and thu deed. or either, and e~rory ~uch payment shall bear interat from date at t6e rate oi tea I 10~ 1 ~ per ce~tum per annum_ ~ ~ Iel It is further rnven~nted snd egreed by ssid perties that in the e~•ent ot a suit being instituted W forecloae this mortgage, tbe Mortgagee s6all be ~ entitted co apply et any time pending such forrclosure suit w the oourt having juriediction thereof for the appointment of a recei~Yr ot sll and singular tAe ~ ~~B~6'~ P~rty. ~nd of all rents. incar?ea. Profits. issues ~nd re~•enues tt~eot. trom whatsoea~er aouroe derived: a~ thaeupon it is b~eby esp~easly ~ covenanted end agreed that the Court shall forth~rith appoint such reoeiver writh the usual powas and duties ot reedvets in like cases: and said ~ppoint- ~ ment shall be made by the court ~s a matter of etrict right to tbe Mortgagee. and without retermiee to the adeq~wcy or in~dequ~cy of t6e value ot the pro- ~ perty h~reby mxtgaged, or to the aolvency or inaolveney of the Mortg~goro or sny other party defendant to suc6 suit. 'Ibe Mortgsgor he~sby specif- ically ~c~ives t6e right w object w the appointment of a receiver ae afomaaid end hereby ezpres~ly aonsmts tdat wc~ apQoiotment ~ll be m~de as w ~ admitted equity and ae a matter of abeolute right w the Mortg~gee and tMt the ssme may be done without notice W the Mortgagor. ~ ~ ~t~ !f [orecbsure procredings should be instituted againet tbe property cocered by this mortgage upon any othes lien or c4im whetl~er dkged W be superior or junior to the lien of thie mortgagr, the Mortgagee may at his option immediately upon institution of such auit or during t6e pendency thereof derlere this mortgage and the indebtedne~s secured hereby due and papeble forthwith and may at ita option proceed to forecloee tlsia mortgage = 1 g 1'I'hat the'.Nortgagor vcill keep all real snd persond property now or 6eresher encvmbered by the lien of this mortg~ge inaurcd as msy be reqt»nd from time to ~ime by the Mortgagce egainet bs.+ by 5re. windatarm and other haz~rds. uswlties and oontingencie~ tor sueh period~ ~nd for not leas tF~ao such amounta ss msy be required by the :ltortgagee and w p~y promptly ~rh~ due all premiurru for euch inwraoce. 'il~e amounte oi insuranoe requircd by the :~iorgag+ee shall be the minimum amounts for which said in.urance shell be w~ritten and ic ehsU be ii?cuinbeat upon t6e 14tortgagor to m~intaia such ~ additional insurance u may be neceswy to meet and oomply hiliy with all oo-inturance requ'uements rnntsined in said policiq to the end th~t the ~id K Jlortgagor is not a eo-insuror thereunder. Insurence shall be xrittm by s company or oompenie~ approved ar designated by the Mottgagee ~nd all pdi- " cie3 and renevrals thereot shall be 6eld by the Mortgegee. All detailed designatioas by t6e Mortgegor w6ich are ~ccepted by the Mortgagee and all agee 5 ments bet~ceen Afortgagor and Mortgagee relating w insuranoe: no~r e=isting or F~ereafter made. ehall be in writing and shal! be a part of this ~nortgage agreeme?u as tully as though set (orth verbstim hereia and shall govem both p~rtiee 6ereto and their succesaora and aasigns. No li~ upon ~ny of said f= policies of iruurance or upon any refund or retum premium whic6 may be p~yabk on tM cancellatan or terminatioa theteof, sAall be givea W other than '=s the Jiortgagee, e:cept by proper endonement affi:ed to such poticy ~nd approved by Mortgagee. E~cb policy of inwr~eoe ~h~ll have J6zed t!?seto ~ - Stardud New Yarlc Mortgagee Aau~e without Contribution. mafcing all loss or loeaea und~ such policy paY~ble to ths Mortg~gse ~s ita interest may pear. In the event any aum or aum~ o( money become payable thereunder the Mortg~gee shal! tuve the option to recaave ~nd ~pply the s~me on atoount ~ O~ [EIC IOdC~ldI1C55 MPRb}~ lC111~'!A. Of f0 PfRi11l LFI! :NOT2gs$Of IO (![pV! ~Od U!! l~. a any p~rt thereot. without thereby waiving ot impairio~ anr tqai- ti, lien, or rigAt ander and by virtue of thi~ mortgage. In event of bsa or physial damage to tt.e mottg~ged property tbe Moctpgor ahall ~iw imm~di~te rr ~ ..,;"aa-,',,_ ~~:a . ~oaK 221 P,,~E 862 -~r ~ ~ _ ~ _ ~ ~ ~ ~ ~ _ .