The URL can be used to link to this page

Home My WebLink About2562 PROVIDED, ALWPYS, lhat if the Mortgagor shall pay unto the `tortgagee the indebtednese evidenced by a certain pmmisaory note of which the tollowing in word~ and figures is e true copy tawit: w ~1Cs~g~~ 'J~t~ 1 57 S. 00 - ~ort Pie,~ce ;__Flo~da June 13 , ~~74 : ~ FI)R VAL~~~~~~V~~ = I Promiee tu paY ` tn thr otdrr of _ - - - - the pnnc~pal sum o( U - 8 L~ , so`e1he~ with interrRt thrreo~ trom date ~t the nte o( tee perce~t, pet ~onum until nuturity, both principa) ~nd intcrcat beit~ parable in lawtul money ut th~ l~mt~d ~talca ~l 2244 Biecarne Bivd., Mi~eni. florida, or ~t weh othet place u the holders hereot mar desi6n~te in r+titin~. Princ~pa) and inten~! p~y~ble in ieuWlmeots ~ idlorrr FORTY ($40.00) DOLLARS per month beginning on the lSth day of August, 1974, and continuing on the lSth day of each and every month thereafter until paid in full. Th+s note may be prep~id in whole or ~n p~rt attet ons yeu trom ~he date hereo! upon payment oi a penalty equivalent ~o (~ve percent of the pr~ncip~l sum prepaid. F:ach ~n~tallm~nt payment ~hall be r~~dited (irat on the intercst due, and the nmainder on pnncipal: and intrn~t ~hsll thrrr- upon c~as~ upun the pnotipal so er~dited. The make~ and ~ndwse?s of this not~ (urther a~ee to waive demand,potic~ o~ non-p~ymeet s~ pw~y. ~nd in thr erent Yit ,I~all be brouRht for thc collection Rereuf, or the same hu to be ~ollected u on demand o[ an attom to aasonable attorne 'F (rr. (or mak~n~ suth collection. D~(~n~d paymenls hcreunder ehall b~ir intereat at the rste of ten petcent p~r annum (wm tn~lurity until paid. l~hi. not~ i` acured by : mortp~e of even date herewith ~nd is to be construed and enEorced acco~d~n~ to the laws of the ee ~ ~t•t~ of Fl~xida; upon dei~ult in the payment of principd andio~ inteteat when due, the v?hde sum of pnncipal and intered rrmaininR unpaid ~hall. ~t the option of the holdc~s, becwne immediatel due ~nd pay~ble. ~ .•;~~G~ ~ , , • : t~ (SEAL) ~ (SEAL) ' 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 cease and be null and void. 1. The Mortgagor hereby covenants and agrees: lal To psy all and singular the principal and interest and other sums ot money peyaWe by virtue of said promisaory iate and thie deed. or eithc. prompdy on thedays respectivel~• the same severally bemmes due. 1 b1 To permit, conunit or sutfer no w•aste and to maintsin the improvements at sU times in a~uie of good repeir and condition, aad w do or permit to be doae to said premises nothing that will alter or chenge the use end char~du of said Property or in any way impair or wealcen the sec~ity of thia matgaga And in ux ot the retusal. neglcct or inability of the ~tortgsgor w repair and maintain said property, the ~tortgagee may. at hie option, make such repain ur eause the same to be made, and advance moneys in that behdf. . ` ~c~'I'u pav el1 and singular the ta:es, assesstaents, levies. Gabilities. and obligations of e~~ery nsture on said described property esch end rvery xhen due ~ and payab[e accocding to law. before the~ become delinquent, erd to deliver to tlie Mortga~ee on or betore ~tarch 15th of each year tu receipts e~~dencing the psyment of all lswfdh imposed caae~ for the preceding calendar yev: to ideronify the Mortgagee upon his demsnd tor all tazea, as~ees- ~ ments and cMrges ehat msy be asse~ed u{fon this mortgage on the indebtedness secured hereby. end paid by tRe morgagee. ~vithout regard w any Lw ~ heretofore enacted or haeafter to be enxted imposing payment of the w~hole or any part thernof upon the Mortgagee. ~ Idl To p~y all end singular the casts. charges and e:penxs. inclading la«yers' fee~ and abscract oost~ reasonably iocvrred or paid at aoy time by the ~tortgagee because ot che [ailure on the part of the ~tortgagor to p~form, oomply w+ith and abide by each end e~~ery the acipulatioaa, agreemeats. conditivne and cocenante ot etid promissory note and this deed. or either, and every sucA payment sha11 beer ~nterest from date at the rate of ten (10961 per centum per annum. Iel It is further rnvenanced and aKreed by sa~d parties that in the event uf a yuit being instituted to foreclose this mortgage. the Mortgagee s6aL be entitled to apply at am• time pe~ding such [oreclosure suit w the murt M~ing juri9diction thereof tor the sppointment of a receiv~ of s0 and singu~ar t6e ~t8a8'~ P~Y• and of sU rencs. ineanes. ProFits. iseues and re~•enues th~ereof. trom w~hatsoever souroe derived: and thereupon it ia hereby e=pressly covmanted and a~reed that the Cwire sha11 torthwith appoint such reoeivel wit6 che uwal poxer~ and duties of reoeivero in like c~e~: and ~aid appoint- ~ ment shall be m~de by the court as a matter ot atrict right to the Mortgagee. and wriclwut reference w t6e edeqwey or inedequaey of tbe v~lue of tioe pro- m P~Y ~bY ~BaB~ or w t6e ~olvency or in~ohency of the Dlortgagor~ or wy other perty defend~nt w aueh suit. The Mortgagor heeeby apeeit- ~ inUy w~ives t6e right to objeet w the appointment ot a reoeiver an a(oresaid and he~eby ezpressly oonsenta tFut weh apQainGaeot ~ll be m~ds as an ; admitted equity end as a matter of abso[ute right to the Mortgagee and thst the saiae may be done Rithout notice to the :14ortgsgor. ~ ~ t ~fl If (orec!owre proceedings should be instituted against the proRerty coeered by thu mortgage upon eny aher liea ar claim wfiet}?er alkged W be ~ superior or junior to the lien of this mortgage, the ~lortgagee may at his option immediately upon institution ot suc6 suit or during t6e peodaity thereut : ~ declare this mortgage and the indebtednes.+ ~ecured h~eby due and psyable forthwith and m~y at its option prooeed to foeeclo~e thia mortgaga- , ~ Ig? That the !?iortgagor wil! Iceep all real and penonel propertY no~ or hereaherencumbered by the lien of this mortga~8e in~ured es m~y be required from ~ time to time by the Atortgagee against los~ by fire, windstorm and otl~er hazuds. uaualties and contingenciee tor euch periods snd for aot lasa tiyn such amounts as msy be required by the Mortgagee and to pey promptly wh~ due all premiurn+ for such insurance_ Tfie emounta ot irourance required by the ~forgagee shall be the minimum amounts for w~hich said inaurance slull be written md it shall be incumbent upon t6e ~latgagor to muntain auc6 ~ additioml insurence se may be necessarY to rt~ee.t and rnmply fi~lly with all co-insurance requiranente oontained in said po6des to the end th~t the ' ~ ~lortgagor is not e co-insuror thernunder. Insurance shaU be written by e company or oompanie~ appmved or desigmRed by tM Mottgagee ~nd d! poS- ,-x`~~ cies and rene~als thereot shall be hejd by the !lfortgagee. All detsiled deaignations by the blortgagor w hich ~re accepted by the Mortgagee and ~11 ~gre~ menta betw~een Mortgegor and ~tortgagee relating to irourarce. now e~isting or hereafter made. s6all be in w~riting and a6a11 be a p~rt of this rtartga8e ~ agreemeM ps fully a~ though sec forth ~~erbatim herein and shall govern both parties hereto ~nd t~eir auooes~on uid ass~8°a No lim upon ~ny of s~id ~ policiPS ot imurance or upon any refund or retum preznium ~ehich may be payable on the cancellation or termioation thereof, shall be given w otAer than ~ the )lortga~ee. e:cept by proper endorsement affixed io such poticy and approced by ~+toetgagee. E~ch policy of insur~noe sh~U luve ef5zed thereW a ~ Standa?d 11ew York ~iortgagee Clause without Contribution. making all loss w laesea under auch policy psYabk to tbe Mortgagee ~a its iaterest may ~P ~ pear. In the e~-ent any sum or runs of money become paysbk tl~ereuader the ~lartgagee shall have the optioo to receive and app~y t6e eaa+e on acaoune ~ of the indebtedness hereby secured. or to permit the ~fortgagor w rece[ve and use it. ~ aay pert tlureof. without t6ereby waiving or impairin~ anY e9a?' ~ ti, lien, or right under aod b~' ~irtue of this mortgage. !n eti•ent of loss or phy~ital damago to t6e ma'tgUgeid property the b1olt~goi s6~11 giw imtn~diat~ BOOK ~~O PAGE255? ~ . . ~ ~ ~ . ~ - - - - . - - ~ ,1 ~ ~ ~a..~.=~.,~ w . _ ~ , _ . _ _ .a.~