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Home My WebLink About0943 ~ PROVIDED. A1.N'AYS, lhat if the Mortgagor shall pay unto lhe \torlgagee the indebtedness evidenced by e certain promissory note___ _of v~hieh the following in words and figures is a true copy to•wil: ! s~ ~ s`3~OSQ.00 Fore~ ce, Flonda January_ 19, ~ to74__ : . ~ ~ F()R V~1 tE R CElVED_ ~E ~d~~- @-v-era~l lv, promi~e cu pay i~~ ~h~ o.a~. ~r MOR~IS Gt~DSTONL~`~rNH-WR~~~DS'fv~~, ~IIS WIF~- th~ pnn~~pal sum uf THREE THOUSAND FIFTY and ri0~ ~b pOI.L~RS, together with interr.t th~reo~ from dat~ at Ihe ~at~ o( ten pe~c~nt, pet annum until m~tunty, both principal ~nd intereet bcin~ pay~~le in lawful money o( th~ Un~ted ~tat~s at 2':~t Bucayne Rhd~lumi, f,~onda, ur •t such olhe~ place a~ the holdcr. he~eo( may dc•ign~t~ wntinR. ~ Pnncipsl and mt~re~t pa~vble in in~lallmrnte a~ [ollow~: ~ SIXTY-FIVE ($65.00) DOLLARS per month beginning on the 15Ch day of ; ~tarch, 1974, and continuing on the lSth day of each and every month thereafter until paid in full. ~I ~i ~ Th~s nott may be prep~~d ~n whole or ~n part r~ter one year from the date hcreof upon payment of a penalry equ~vale~t ~ t.~ f~ve percent of :he prmcipal sum prepa~d. ' E:~ch ~n~tallm~nl psyment +hall !x rr~d~ted (~nnt on the intrrest due, •nd th~ r~mainder on principal; and intrr~~t ~{ull Ihrtr- upon c~au upun the pnncipal so credited. ' Th~ makm and ~ndorsen of this note fu~ther agree to waive d~mand, ~ot~c. o! non•payment ~nd protetit, ~nd ~n lhr ~vent .uit s. .I~~11 b~ brouRht (or tht cullrcUon herr.uf, or the same has to be collected upon drm~nd u( an attorney, to pay reawnaLl~ atturnn•'~ ~rr. for making +uch coll~chon nrf~rr~d paymenta henunder +ha11 b~ar int~KSt at the rate of ten perc~nt p~r annum (rom m~turity until p~id. 1 h~~ n~~i~ ia recured by a mortgsg~ nf rve~ d~tt h~r~with and ia t~ be eunevued ~nd enlorc~d according to the laws of the ~tat~ ~f fl~nda; up~n dtfauit in t6~ pa~•ment oE princ~pa) an~~o~ inter~6l Mfsen duc, tht whule +um prin~~ipal and interest rrma~n~nR unpa~d Fhs11, tt the option of th~ holde?s, becom~ irnmediately due and~?ayablt. J' i ~ ~ # ;'~~y~~„ ~~~~-'1 ~~E.aL) ~ \ = , . ~ ' f%,~i( L ;t'~_ :Y7{£-~.t (SEAL)• i ~ ~ i s _ _ _ _ . . and shall perform, comply with and abide by each and e~~ery the stipulations, agreements, conditions and co~~enants ' of said promissory note and of this deed, then this deed and the es[ate thereby created shall cease and be null and void. i F ' I. The Mortgagor hereby covenants and agrees- ~ i lal To ps}• all and s~r.~ilar the pnnc~pal and interest and other sums of money psyable b~ a-irtue of sud promisson note a~ thi+ deed. or either. ~ promptly on the da~•s respecti~•el~ the same se~~erally becomes due. ~ 't ~ b~ To permit, comnut or suffer no ~+~aste and to maintain the impro~~ements at all [imes in a state of good repair and condition. and to do or permit to be done to said premises nothing that xiU eker or cMnge the use and charatter of sa~d propert}• or in an~• w~a}• impau or weaken the security of this ~ mortgage. And in ca~e of the refusal, negtect or inab~lrty of the ~lortqagor to repair and maintein said property. the \tortgaKee ma~•, at his option, make such repnirs or cause the same to br mede, and edvance mone~•s in that behalf. "s ~ tc1 To pay al! and eing~lar the taxes, essessmenta. le~~es, liabiliGes. and obligat~o~ of every nature on said dexribed propertv each and ecery w~hen due ~ ~ and peyable according to Iar, before they become delanquent, and to deli~~er to the ;tortgagee o~ or before \ferch ISth of each ~~ear taz receipcs ~ e~idencing the payment of all law~ful}y impo~ed e~es for the preceding calendar ~esr: to idemnify the ~tortgagee upon his demand for all tazes, assess- ment~ and charges that msy be assessed upon this mortgage on the indebtedness secured hereby, and paid by the morgagee, w~thout regard to any Isw 3 heretofore enscted or hereafter to be enacted imposing pay ment ot the ~vhole or any part therrof upon the lfortgagee. s ~ Id1 To pay all and singular the costs, charges and e:penses. including la~vyer9' fees and abstrect costs reasonably incurred or paid at any time by the ~ ~fortpagee because of the feilure on the pert of the ~tortgagor to perform, comply vrith and abide by each and e~~err• the stipulatio!u, agreements, ~ coruiitions and covenants of xid promissory note and thu deed. or either, and every such paymeat shell bear interest trom date at the rete of ten 1 l0°E 1 ~ per centum per annum. z e Ie~ It ie further cocenented and ag?ecd by ssid parties that in the e~•ent of s suit being irutituted to foreclose this mortgage, the ~tortgagee shaU be ~ enti[Ied to apply at an~- time pending such toreclosure suit to the court ha~~ng jurisdictwn thereo( (or the appointment of a receiver of aU and singuLr the _ ~ mortgaged propert~•, and of all rents. inmmes, profits, issues and re~enues thereat. from whatsoever source derived: end thereupon it is hereby e:pressly co~ enanted and agreed tAat the Court shall torthwith appoint such rec~eicer sith the usual powas and dutees of recei~Yrs in like cases: and said eppoint• ment shall be made b~ che court as e matter of strid right to the ~fortgagee. and without reference ta the adequacy or inadequacy of the value of the pro- t3 perty hernby mortgaged. or to the solvencr or insohency of the ~lortgagors or any other perty defendant to such suit. The ~lorcgngor heieby specif- icelly waives the right to object to the appointment of a receiver aa aforesaid and hereby e:pressly consents that such epQointment shall be msde n an adirutted equity and as a matter of absolute right to the ilortgagee and that the same may be done w~ithout notice to the ~tortgagor. ~t1 If foreclosure proceedings shoutd be instiwted against the property co~•ered by CAis mortgage upon a~y other lien or cleim wAether slleged to be - superior or junar to the lien of this mortqage. the \IortgaRee may at his option immediately upon institution of such suit or during the pendency thereof : declare thLc mortgage end the indeb:edness secured hrreb~- due and psyable torthwith and may at its option proceed to forecbse this tnortgege. ~ Q~ That the ~furtga~r w iil i~erp al! rral and persu:ial property now ur hereaher encvmbered by the lien of this mrxtgage insured as may be required from t~me to ume by the ~tortgagee against loss by fire, windstorm and other hazard~, casualties end contingencies for such periods and for not less than such amounts as ma~~ be required by the 1lortqaKee and to pay promptly when due all premiums (or such insurnnce. The emounts ot insurance required _ by the ~turgagee shall be :he minimum amount9 for which said i~urance shall be written and it shell be incumbent upon [he ~tortgagor to maintsin auch addit~oml insurarce ss may be neces,ary to rt~eet end comply tully with all co-insursoce requ"vanents rnnta~ned in sald policies to the end that the s~id ~furtgagor is not a rn insunx thereundFr. 1 nsurance shall he written by a compam~ or rnmpanie~ approved or de~iqnated by the ~iortgagee end aU poti- cies and renrwals thereof shall he held tn t he `.tortgagee. All detaiied designations by the ~lortgagor which ue accep[ed br the ~tortqa~e and all agrer ments between ~1ortRagnr and ~inrtgagee relaung to insurance. now e~cisting or hereafter made, shall be in w-riting end shall be a part of this mortgage agreemrn: as full~~ as thnugh set forih ~erbaum hemin and shall gocern both parties Aereto and ther successors ar.d assiRne. `0 6en upon sny of 5aid _ po(i~ies o( in~urance or upon an~ refur.d or retum premium which may be pe}'ab:e c~n ehe cancellatwn or terminauon chereof, shall be ~~•en to othet thsn the \lortqaKec, except ba• proper er.dorser.ient affi:Pd to sueh poGcr• and appcove~ by \tortgagee. Eaeh poliey of insurance shall have affized thereto • Standard tie~• Yr,rk ~tnrtga~ee Cfause w~thout Conc ritwtion, meking all losa or losxs under ~uch policy payable to the Mortgagee ae ita intereat may ~p pesr. ln the evenc any~ sum os sums ot mone~• berome payab{e thereunder the ~lortgagee shal) have theoption to receive end apply the same on account of the ~ndebtedneso herrby- Vecurrd. or to {x~rmit t he \tortgagor to receive and u~e it. or aoy part thereof, wiihout thereby weiving or impairing any equi- 'c=a ti, lien, or right under and b~ ~-irtur nt th~a mortga~. [n event af loas or phyeical datnage to Che mortguged property the Mortgagor ~h~ll give iminediate 'i~ ° a 23 P~E 943 600~t ~