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HomeMy WebLinkAbout1422 . i ~ ~ Tas Foascoixc CoxvsY~xcs i~ inteaded to be. snd is. s mo~e to secure the Payment of i , p~omissorp note._ ot ds~ even herewith : i; ~ Two Hund~ed Fi -Five Thousand and No/14U- ~ , for the aum of_ ~L Dollan. ~ ' ~ made by the said__._ r- C PR~PERTIE$,~ INC~ ' ~ ';I payable to the order of_.___ FIRST MERRITT MORj.,GAGE CORPORATION . ~ A Fiorida~oration - ; r unh ~t ' 12. 0 , after date. with interest from_ ~~~4l.i~--- -1 paid. at the nte of__~~_,-.per cent. per annum, the said ' ~ j ~l s' 'i interest pa~able._ monthly at thE~offia of First Merritt Mort~e Coroorotion _ ; ~ 126 South_Courtenay Parlcwav, Merritt I~land. Florida 329~__ ~ I And the r~ortgagor further agrees as part of the consideration of this mortgage, and that this mortgage shall ' , 's ~ also secure (in an amount not exceeding in the aggregate at any time~.~2 DOLLARS.) ' i such further sum as the riortgagor may hereafter and before the foreclosure of this mortgagt. owe or be due to ~ i: j the said Mortgagee~, _!~-successors, heirs. or usig~s; Provided, however~ that such add~t~onal ~ndebted- ness shall on~y wrnri~ce in said mortgage security after ~the principa! note._ and interest and other amounts ~ that may become due under the terms of this mortgage have been fully satisfied~ and the Gen securing the said note._ and interest and said other amounts shall be ~uperior to take prtcedtnce over the lia~ saucing such further sums. ~ i AND THB SAID MORTGAOOA, for itself and its heirs. legal representatives. successors and assigns. does h~reby i 1 ~ covenant and agree: ! j, 1. To pay all and singular the prinapal. the interest and other sums of mone ble b virtue of the said r ~r~ y prom;swry note.__, and this deed~ each and every. promptly on the days. mpectively. the same become due. 2. To pay ali and singnlar the ta~ces. assessments, levies, liabilities. obliga~ons and encumbrances of every - i,; nature and kind now on said property, or that herafter may be levied or assessed thenupon, each and ~very of them; and if the same, or any part th~reof, be not promptly paid when due and payable, said Mortgagee_. ~ts C~~ successors, heirs or assi s ma at an time th~ same, without waivin or affectin the o tion to foreclose this Sn . r y PaY g g P ! ; i mortgage by reason of such dtfault or any right hereunder. and every payment so made shall bear interest from ~ the date thrreof at the rate of per cent. per annum. and all such payments. with interest as aforesaid. shall be secured by the lien hereof. ; i' I 3. To pay all and singular the costs, fees, charges and expenses, of every natur~ and kind~ including the ~ cost of an abstract of title to the above describcd lands found ta be convenient or expedient in connection with any suit for the foreclosure of this mortgage. and also includi~g all costs and expens~s of the said suit, including attor- ! ney's fee, to the attorney of the complainant foreclosing, of $15.00 and ten per cent. upon the amount decreed to the complainant, or fixed by agteement befort decrte. which costs and fees shall be included in the lien of this i 1: mortgage and in the sum decreed upon foreclosure, b~cause of the failure'on the part of the said Moctgagor, its ' heirs, legal repre~ntati~es, successors or assigns, to perform. comply with and abide by all or any of the rnvenants. ~ ~ conditions and stipulations of said promissoty note._. and this mortgage. and in the foreclosure of this mortgage ` and in collecting the amount secured hereby, each and every such paymeni shalt bear inter~st fmm date thereof until ~ paid at the rate of.____12~D.__:_______per cent. per annum, and such pa~~ments with interest thereon as aforesaid. shall - ' I be secured by the lien hereof. ~ 4. To permit. commit or suffer no waste, impairment or deterioration of said property, or any part thereof. ' S. To-keep the buildings, now or hereafter on said land, insured against firt and tornado in a sum not less ' ' ------------DOLLARS~ j than---------------- - ~4-------------------------------------------------- ' in a compam• or companies to be designated by said ~Sortgagee ___.-----it~---successors, heirs~ legal repres~ntati~es or assigns, loss, ii any, payable to the DSortgagee._, as._....________ifS__interest may appear, and in the eveat any sum oi rnoney becomes payable under such policy or policies, the \fortgagee.__, its__._~successors, heirs, legal reprc- ~ sentati~•es or ass~gns, shall have the option to recei~t and apply the same on acrnunt of the indebtedness secured ~ hereh~~, or to permit said ~fortgagor____ to recei~e and use it, or an~ part thereof, for the purpost of impro~ing said ~ land. ~ ithout thereb~ ~vai~•ing or impairing any equity, lien or right under or by vir~ue of this mortgage; and said ~fortgagee..__~ ___..!ts___...successors, heirs, legal representati~es or assigns. may place and p~y for such insurance. or ~ any part thereof, without wai~~ing or af fecting the option to foreclose, or any right hereunder~ and tath and every s~~ch pa~•ment shall bear interest from date ihereof unW paid at the rate of ~ ~ per cent. per annum, and aU : ~ ; such pa~•ments, with interest as aforesaid, shall be secured by the lien hereof. The party of the second part is em- ~ ~ ~ powered to adjust, compromiu, submit to arbitntion and appraisement and oollect, and apply to the reduction of ~ ! said indeUtedness, any claim for los~ arising under any iasurance policy rnvering siid preinises; and to that rnd the _ party of the second patt,____.~ ~ts__successors an~l auigns are irrevocably appointed tbe sttorney in fact of the party j of the first part to execute and deliver such n~ccipts, releases and other rniting~ u ahall be requisite M accomplisl~ ~ ~ ; such adjustment, rnmpromise, arbitntion, appnisetnent and collaction. ~ I ; ~ ~ Corporation Form ~ ' ' Mortgage Deed D O ~ ~ < Page 2 of 3 60 K~~ PACf ~ ; ~ ~ , I w . ~.~Gb~,{,, ,d - ~yt•` ~~-~i~"~ N A "Tf ~.:+ai: ,y..~"-~i _ 'C. ~ _ .cf~ ' ; ~,~W' ~ ~ ~ . a~1~.. _ ~ . . . . Ai.-,w- ~ .