HomeMy WebLinkAbout2607 heating, lighting, cooking, plumbing, gas, electric, ventilating,
refrigerating, irrigating power, air-conditioninq and incinerating
equipment, systems, machines and appliances of whatsoever kind and
nature, all of which fixtures and articles of personal property are
hereby declared and shall be deemed to be fixtures and accessory to
the freehold and a part of the realty as between the parties hereto,
. their successors, legal representatives and assigns, and all persons
claiming by, through or under them and shall be deemed to be a por-
tion of the security for the indebtedness herein mentioned and to be
subject to the lien of this mortgage, and TOGETHER WITH all rents,
revenues, issues, proceeds and profits of the above described
property, and also all the estate, right, title, interest, property,
possession, claim and demand whatsoever as well in law as in equity e
of the said mortgagor of, in and to the same and every part thereof f
unto the said mortgagee and its successors and assigns forever. ~
AND the mortgagor does hereby covenant with the Association '
that it is indefeasibly seized of said land in fee simple; that it has
full power and lawful right to convey said land in fee simple as
aforesaid; that it shall be lawful for the Association at all times ~
peaceably and quietly to enter upon, hold, occupy and enjoy said
land; that said land is free from all encumbrances; that it will ;
make such further assurances to perfect the fee simple title to said ~
land in the Association as may reasonably be required; and that it
does hereby fully warrant the title to said land and will defend ~
the same against the lawful claims of all persons whomsoever. ~
,
PROVIDED ALWAYS that if the mortgagor shall pay unto ~
the Association the principal indebtedness evidenced by that
certain promissory note of even date herewith, maturing March 9,
1975, made by the mortgagor and payable to the Association in
the principal sum of $250,000, the interest in said note stated
being payable in monthly installments beginning April 20, 1974,
and shall perform, comply with and abide by each and every the
stipulations, agreements, conditions and covenants of the promissory
note and this mortgage, then this mortgage and-the estate created
hereby shall cease and be null and void.
AND the mortgagor does hereby covenant and agree: :
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! 1. To pay all and singular the principal and interest and
~ other sums of money payable by virtue of said promissory note and
~ this mortgage, or either, on the days respectively the same
severally become due.
2. To pay all and singular the taxes, assessments, levies,
liabilities, obligations and encumbrances of every nature on sai3
described property when due and payable according to law, before they
become delinquent, and if the same shall not be promptly paid, the
Association may at any time either before or after delinquency pay
the same without waiving or affecting the option to foreclose, or any
right hereunder, and every payment so made shall bear interest from ;
the date thereof at the rate of nine per cent (9$) per annum. ,
i
3. To keep the buildings and all equipment and personal
~ property now or hereafter on said premises covered by this mortgage
insured in a sum egual to at least the amount of the martgage, or an
~ amount sufficient to comply with any co-insurance requirement cover-
~~s ing the same under the laws of the State of Florida, covering loss
~ from both fire and storm, making the loss under said policies, each
and every, payable to the Association, as its interest may appear,
~ and said insurance shall be in a good and responsible insurance
~ company satisfactory to said Association, and written by a responsible
~ local agent satisfactory to said Association; and the policy or ~
~ nolicies shall bear a standard New York mortgage clause without con-
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~ FEE, PARKER & FEE, P. A.
~ ATTORNEYS AT LAW
POST OFFICE BOX 1000 A
FOT ~[vHO [E•(9061 46f-5020~ eOV1f ~~r~ ~~0~
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