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Home My WebLink About1641 PROVIDB~D ALWAYS. that if wid mort~gcc ihall pty ua~ uid moztgages ths oectai~? promusorY note haadcwEter ~ubst~wtWlv oooled or ideestlAad. 1~-wlt: 632 ~ 000.00 Fort I.~ude~d~le. Fl~. At~ril 1 19~ ' ~ - ' FOR VALUE RECEIVED, V~E. a elthet of as. pcosise to pa~ to the ocda oI ~ ~ JOHId L. LESTER and ROB~RT R. CQX ~ri u~mm r i~ THIRTY 'I'NQ THOUeswin nt~ NO/100-------------------'~ppLLARS , ~t 1i witL Iacerest froo Date at tbe nte of EiQhi ( 8`~6 ) pa ceat pa } anous uutil paid. p~rable ~s followas _ ~ ~ Commencing Agril l, 197S~and annually thereafter paymerit of i $105,333.33 toqether with accrued iiiterest, with the final payment beinq $105,333.35. i Privileqe is reaerved to prepay this note i.n whole or in part at any time without penalty after January 1. 1975. I ' ~ This note is secured by a purchase money mortgage of even date. i . I Now, sl~ould i~ become aeeea~~ryr co collece ehl~ noce e6rouab. ~n •etorner. ei~hec o( ui~ whether maker. ~usay. ot endor~et on ~ ~hi• aote. Aerebp •a~ee to par all eou• of src6 collec~ion. ~neludioa re~~onable accorney'• Eee. The drawer~ ~ad eadorser~ ~ .e.e~.llr .ai•e aesepu.eac for paroee~. is pwtese~ ~ad uo~iee Ioc noa•p~rmeac of ~hia aote. [N THE EVENT ~a~ p~reeat oI ietete~t ot prLcipal be sot p~id witLio ~I~11rtV ( 3~ ) d~y• •ftet t6e saae 6ecowe~ d~e, tbe 6older oE thI• ~ote ~~r. ~t ri~ optioa. deel~re ehe .6oZe priaclp~l •u~ 6eceoE w be iemediuel~ due ud P.~.we. . THE COPPOLA COMPANY,.a partnership (8ea1) . • (Se~l) George Coppola, a partner an ~ (Seal) Attorne -i.n-Fact for THE COPP~~ , a par er ip - - - - - - - ~ and shall perform. oomply with and abide by each aad every d~e ag~ements, stiPulations. conditions and oove- nants thereof, aad of this mortgage, diea dtis mortga8e and the estate hereby created sha11 cease, deternune and be null and void. AND the mortgagor hereby further oovenants aad agees to ps?y pron?pdy M?hen due the principal and ; interest and other sums of money provided for in snid note and diis mortga8e, ar either; to PaY all and sin8ulaz the taxes, assessments, levies, liabilities, obligations, and eaaumbrances of every nature on said property; to ; pc~rmit, commit or suffer no waste~ impairment or deterioradon of said land or the improvements thereon at E anp time; to keep the building,s now or hereafter on said land fully insurecl in a sum of not less than the full ~ insural,le value in a company or companies acoeptable to the mortgagee, the policy or policies to be held b~-, ~ and payable to, said mortgagee, and in the event any su:.~ of money be~omes payable by virtue of such insur- ance the mortgagee shall have the right to receive and apply the same to the iudebtedness hereby secured, ~ acoounting M the mortgagor for any surplus; t~ pay all eosts, diarges. aad espenses, including attorneys feFs a~~d title searches, reasonably incurred or paid by the mortgagee because af the failwe of the mortgagor to promptly and fully rnmply with the ageements, stipulations, conditioas and covenants of said note and this rnortgage, o: either; to perform, comply with and abide by each and every the ageements, stipulations, cond:- tions and covenants set forth in said note and this mortgage or either. In the event the mortgagor fails to pa}• w~l~en due any ta~c, assessment, insurance premium or othec sum of money payable by virtue of said note and this mortgage, or either, the mortgagee may pay the satne. ~vithout ~vaiving or a~ecting the option to foreclose ~ or any ~ther right hereunder, and all such payments shall bear interest from date thereof at the highest la~s~ful rate tl~en altowed by the laws of the State of F'lorida IT IS expressly stipulated and agrced that d~e mortgagee and its legal representatives shall have the ° pri~~lege, at its option, aher the doing of or the omiuion to do, by the mortgagor, or its legai representatives, ih successors or assigns of any act or thing which shall constitute a default i~ or breach of any of the terms, ~ ~ conditions and covenants herein or in said note or notes oontained and upon the commencement, in a court of competent jurisdictioa, of a suit for the foreclasure of this moitgage, of agplying for, eithe~ in and by the original ~ oomplaint for foreclasure or otherwise, and shall, as an equity hereby admitted and confessed. be entided, as a ~ matter oE absolute right hereunder and without regard to die value of the hereby nwrigaged premises, property ~ and ~tate, or the neoessity tberefor or of the reasonablen~s or expediency thereof, or the solveacy or insol- ~ vency of t6e mortgsgor or its legal representatives. and wlthout notice to said mortgagor or its legal repre- ~ scntatives, to the appointment of some suitable person or oorporation as a reoeiver for the properties. premises ~ and estate hereinabove descxibed, and of ffie rents. issues, iao~me. revenue and pro8ts thereof, such appoint- ~ - ~ ~ ~ 600K 225 PACE ~~cS~ ~ ; _ _ ~ +~'r .b,~ "J~' ' ¢ ~r~ ~T - a' $ - 'at+ - T " i $Y >ti:~ % ' "a~ : . ~t a _ ~ ~ 3 _ . . ~ ~ _ _ , ~ , :~:`Y _ . . . . . . . _ A .