The URL can be used to link to this page

Home My WebLink About2281 PROVlDED. A1.K'AYS, that if the 1~lortgagor shall pey unto the :liortgagc~ the indrbl~~lness evidenced by a certain promissory note ____-_of w hich the followinQ in words and figures is a true copy to-wit: ~ ~..s.-...,~....~~...~.~..: : ~ e~tg~'~.e ?ldte :_G_,_2_~0,00-- - l~ort Yicrce, Flo~~da ~I~~rch 2, ~~~74_ FuR\',~LUF:ltF.CF.IVF(~.____ ~•Il~~_-~ointly ~~nd severally, --Promisetup~ to che urd~r ~~t _ GI:ORGf: FRI L':U~1~1N AND ~tARILYN FRIEI3~ ISrtdT~F Ihe ptincipd sum o[_~Q[]~1~i0L~S~1I\D 't'WQ HUNDREU FIF'i'Y an noi 100 ~~ULI.AK.S. togethet with intetr.t thereon Irom date ~t the rate u~ ten petrent, pe.~r annum unti) maturity, both principal and intcrcat bein~ payable in (awful mon~y of lhe lioited ~tate+ at :24! 8iscayne Blyd., llliimi, Flo~ida, or at auch other place as the holdcn hereof may deaignat~ in wnting. Principal and intereat payadle in insWlment~ u(ollowe: ONE IiUNDRED FIVE ($105.0~) DOI,LARS per month begic~nin~; on the 15th day of Ma~?, 1974, and continuin~; on the 15th day of each and every month thereafter until paid in full Th~s note may be prepaid ~n whole or in part after one year ftom the date hereuf upon payment of a penalty equ~val~nt to f~~~e percent of the pnncipal suni prepaid. Euh in~tallm~~t paymeM rhall be c~edited (irst on the intereat due, and the rema~nder on principal; and intrr~~t ~IuU thrrr- upun c~a.~ upun the principal ~o crediled. 7~h~ mak~n and ~ndorsers of thi6 not~ [urthe~ sgree to waive demand, notic~ u( non-payment and protest, and in tt~r r~•ent ~u~t ~iuU be brought (or the collrction hereo(, o~ the same has to be collected upon demand o( an attorney, to pay reaaonable attorney'~ (rr. ior makina such collection. [)efetred paymenta hereunder ahall bear interest al the rate of ten perceot per annum (rom maturity until paid. 7~hi+ note ia ~ecuted by a mortp~e of even date hercwith •nd ia to be conatrued and enforced according to thc law~ of the - ~1att of Elorida; upon default in the payment o( principd andlot intereat when due, the whole r~um of pnncipal and intere~t ~mainin~ unpaid shall, at the option of the holders, becomt immediatel~ dut and payaWc. ~ ~ r-'~ % ~ i ~ ~ ~ , , ~ ~tEAL) \ ~ , ~l ~ /t''L 1 ~ -G- ' (SEAL) ` J _ . , ~ _ ' 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 cesse and be null and void. 1. The Mortgagor hereby co~~enants and agrees: ~al To pec a(1 and singular the pnncipal and interest and other sums of moner• peyab:e by ~•vtue of said promis~l~ry nnte and this deed, or either. promptly on the da~~s respecuvel~• ihe same se~~erally becomee due Ib1 To permit, commit or suffer no x~aste and to maintain the ~mproc•ements at all times in a stste of good repair and condition. and to do or permit to be done to ssid premises nothing that will alter w chec~ge the use snd chuaaer of said property w in any way impair or w-eaicen ~he security of thia ; mortg~ge. And in case ot the refusal. neglect or inebi6ty of the Mortgsgor to repair and maintain said property, the ~tortgagee may, at Ais option, make ~uch repairs or cause the same to be made, and ada•ance moneys in tAat behalf. ~ le? To pay ell and singular the taaes. assessments, levies. liabilit:~. and obligations of e~~en• nature on said desc-ibed propert}~ each nnd e~~ery w•hen due and payable according w lew, before the~• become delinquent, aod to delia-er to [he ~tortqa~ on or befoTe ~famh 15th ot each y~ear tax receipts e~identing the psy-ment of ell lew~ftilh• imposed t~es for the preceding calendar year: to idemnify the \tortgagee upon his demand for all ta:es, asxsr ments ~nd charges that mey be assesxd vpon this mortgege on the indebtedness xcured hereby, and paid by the murqagee, w~thout regard to any law heretofore enacl.ed or haeaher to be emcted imposing payment of the whole or any part thereof upon the ~lortgagee. Id1 To pay all and singular the costs. charges and e:penxs. including lawyers' tees and abstract oosts reasonabl~~ incurred or paid at any time by the ~ ~ ~tortgagee because o( the failure on the part of the titortgagor to perform, mmply with and nbide bc each and e~~ery the stipulations, aqrcements. ~ conditione and co~•enants ot said promisson~ note and tAis deed. or either, and e~•ery such payment shall bear interest (rom date at the rate of ten I 10~`~ 1 per centum per annum _ ~ ~el lt is further co~•eranted and agrred by sa:d parUes that in the e~•ent of a suit being instituted to foreclose thu mortgage, the Slortgagee shall be ~ entitled to apply at anc time pending such torrctosure suit to the rnurt having juriSdicuon thereof for the appointment of a rereiver of all and singular the ~ mongaged property, and of all rent~. incomes, profits, issues and re~enues thereot, from whsteoe~~er aource deri~•ed: and tAereupon it is he:eby e~pre~sly ~ co~~enanted end agreed tAat the Court shall torthwith appoint such receiver with the usual powers and duties of receicers in like cases: and said appoint- ~ ment ahall be made by the court as a mstter ot striet right to the Jfortgagee. and without refe~ence to the ndemucy a inadequacy of the ~•alue of tF~e pro- . perty hereby mortgaged, or to the solvency or innolvency ot the ~iortgagors or any other party defendant to such suit. The ~lortgagor hereby specii- ~ icallc waives the right to object to the appoincma~t of a rece~va a~ aforesaid and hereby ezpressly aonsents that such appoiniment shall be made a~ an ~ admjtted equi[y and as a matter of abx~lute right to the ~lortgagce and thet the ssme may be done v~ithout notice to the ~tortgagor. ~ t) If tureclosure proct~finqs should t~e inst~tuted against the propert~ co~•ered by this mortgnge upon any other lien or claim whether elleged co be ir; superior or junior to the lien of tFiv mortga~e. the \tortgagee may at his option imrnediatrly upon institution of such suit or during the pendency thereof - declare this mortRage and the indeAtedness urvred hereby due and payable forthw~th and msy at its option proceed tn toreclose this mortgage. :ry u ~ g 1 That the ~f ortgagor a•ill keep all real ar.d persnnel propertc• no~v or hereaher encvmbered by the lien of this mortqege insured es may be required trom - time to time by tAe \tortgagee against tnss by fire. w~indscorm snd other hazatd~, casualties end c~ntingencies for sxh Feriods and tor not less than such amounts as ma~• be required by the ~tortgagee and to pay promptl~• v~hen due all premium~ for such insurance. 71~e amounts of ~tuurance required by the \iorgagee shall be the runimum amounts for w•hich said mcurance shaU be ~ritten and it shell be incwnbent upon the ~tortgagor to maint.ait~ sucA additional in.~urarce a~ may be necesw~• to meet and comply fully with all co-irtsurance requirements conta~ned in said policies to the end that the said - ~tortgagnr is not a m insuror thereunder. In~urance shall be a~ritten by a compnnr or companie~ epproced or designated b~- the MoKgegee and all poli- cies and renevraLs thereu( shall be held b~ the \fortRagee. Alldetailed designations by the Diortgagor vchich are acceptcd by the ~lortgagce end all a~ee ~''s ments between \fortRaRor arni Jtnrtgagee relating to insurance. now e:isting or hereaher inade. shall be in writing and shall be e pert of this mortgage ~3 agreemrnt as tullc as thoug6 set (nrth ~erbaum herein and shall govern both parties hereto and their succe~sors and assigne. No lien upon any of seid polic~es of insuranrn or upxi am• refund or returr. premium which msy be psyable on the canceilation or temtination thereof, shell be p,i~•en to other than the ~tortgaKee. ~xcrpt b}- prnper Fr.dnrsement affixcd to such polin• and sppro~ed bv ~tortgagee E~ch policy of insurence sha:I have affized thereto ~ Standard \ew 1'ork \furtFCaRee Clau4e without Contribution, making ell loss or losses under auch policy payable to the 3lortgegee as its intaest tnay sp~ pesr. In the e~ent em• wm or vum. of money hecome payable thereunder the 1lortgagee shall have [he option to rece:ve and apply the eame on sceount = of the ~ndebtednevs hemhr ~cured or to pnrmit the !41ortReqnr to receive end use it, or any pert thereof, without thereby wai~ing or impniring any equi- ~ 3 ti, lien, or right under and b~ ~irtur of this mortgage. In e~~ent of loss or phyniul demege to the mortg~ged property the Mortg~gcrr ehall give imrnediate 3: ? e,~}' ~ r ~ FV ~ i t,;~~ ~?8~ y~ ~ s > ; ^ ~'4" ~r ~ ~ ~ ~ - ~r' w's ` ~ " a, ~ ~ ~ ~ ~';,~`~c ~ a~ 3.""'~~'~"~' T7" ~ . ti.~-r _ ~ .~+~~su . .._e ~:~-FZ . , . . . . .r-, ,'~~~~~'1.