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Home My WebLink About2725 ~ PROV[DED, ALWAYS, that if the Mortgegor shall pay unto the Mortgagee the indebtednese evidenced by • certain promiasory note of which the_following in worda and figures is s true coav tawit: _ ~ a ' ~i~e~t ~ 7~it~ - . s_4 ~125 .00 _ or Pierce . Fla+da June 15, t~_ Z~ ~ ~ fOR VALUE REC~IVuE~ I pr°m~K pay F to the ord~~ ot _ C~~ES 1''r'LI~~ L , HI S WIFE ~ the pnncipal sum o~ _~Q~~ THOUSAND ONE HU~IURED TWFNTY-FIVE and D.. , to`elhet with ietete*l ~ thereon (rom date at the nte o( ten prrrent, pe~ ~nnuee until maturity, both pr+neipal ~nd intetest bein~ pay~bk in lawtul money uf th~ ti~~ced s~aea a~ 2244 B~.rne Bird., Miami. Florida. or ~i wcl~ otber plaee an the hdden hereot may dai6nate in writin`. Principal and intero~t pay~ble in in~tall~nenb d fdlo~+s: i ONE HUNDRED($100.00) DOLLARS per monCh beginning on the 15th day of August, 1974, and continuing on the 15th day of each and every month thereafter until paid in full. Th~s note may be prep~id ro whole or in part aftet one yeu f:om ~he date hereo( upon payment of a penalty equivslent ~o f~ve percent of the prmcip~l sum ptepaid. ~ Each in~tallment payment shall be ~redited (int on the intcrest due, and the remainder on principal: and intr~r~t shall thrrr- upon ceau upun the pnncipal so c~edited. Th~ m~ke~s snd ~ndoners ot thie note turther agree to Mraive demand, notice o[ non-paymeot and protest, and in th~ event 3uit .lull b~ b~ouRht for the colleetion heteot, or the same h~a to be eollected upon dem~nd ot a~ attorney, to pay ceasonable attorney~a (rr• for makin~ ~uch cdlcction. De(erted payments hereunder shdl bear intereat at the ~ate ot ten percent per annum from maturiq until paid. 1'hi~ note a ~eeured by a nwrt~~e of rven date hererrith and is to be cwutrued and entwced accordina to the lawa of the ~tat~ of Fl~x~da; upon de(wlt in thepa yment oi pr+ncipal ~ndlo~ inte~at when due. the v.hde eum o( ~rinc~pd • ~nte~e~l rrmainin~ unpaid ahall. ~t the option of the holden. become inunediatdy d~e " d par~bk. - J ~t Cf ~ ~ ' I~ (SEAL) . • (SEAL) F and shaA perform, comply with and Abide by each and every the atipulations. agreecnents, 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 pay all uid singular che prinapsl and interest and other sums ot money payaWe by virtue of ssid promissory note and this deed, or either. pro~dy on the days respectivdr• che same severally becomes due. ~ t 1 b1 To permit, commit ar suffer no waste and to maintain the impro~•ements at sU time~ in a~tate of good repeir and condition. Rnd to do or permit to be i I~ dooe to aaid pcemixs nothing thet wiU alt~ or change the we and character of ssid property or in any w ay impair or weakai the security oi this C moRgage. And in tase ot t6e refusal. negkrt or inability of the Mortg~gw to repair and maint~in eaid properiy, t6e Mortgagee m~y, at hia option, make eoch r~ep~in or cause the same w be made. and advanoe moneya in that behalf. E IN To pay all uid sngular the taxes. assesementa. levie~. liabilitie~. and obligations ot every nature on eaid dexribed property e~ch and every wh~ due ~ and p~yabk accading w law, before t1~ey bec«ne delinqueat. a~f to ddiver to the ~iortgagee on or before March 15th ot each year tu reoapte evideneing t2~e payment of all I~wfully impoeed t~en for the preoeding alendar ye~r: to idemnify the Mortgagee upon his dersand for aU taue. ~ssess ~ aknte ud clLrges that may be asxnxd upon thia mortgage on the indebtedaess aecwed hereby. and paid by the morgagee. without regard w any Lw heesWfore eoacced or 6rieaher to be eaacted imposing peYment of tLe wbole or any part thaeof ~on t6e MortBagee Idl To p~y dl aod singuLr t!?e coets. civrge~ end e:pansw. including Lwyers' fees aad abatraet oosts rea.wnably i~evrred or peid at anY time bY ths lfortgagee beuuse of t6e failure on the part of t6e Mortgagor w perform. oomply with and abide by eac6 and every the stipulateons. agreecoeota. conditions and oovenaata of said promis~ory note and this deed. or eitha, a~ every ~uch payment shsll beer intereat from dete at the nta of ten 110961 per oentum p~ annum. ~ lel It is further rnvensated and agreed by said psrties thst in the event of s suit being instituted w forecbse this mortgage, the Mortgagee shall be eMitled to apply at any time peadiag such Eoreclosure suit to the oourt ILVing juri+diction thereof for the eppointment of a reoeiver of all and singular tbe s ~BiB~ P~P~Y. ud of all ra?te. inoorties. Pr~ta. iasues and reveaua tl~ereof. from whateoevef aouroe daived: and tF~e~eupoo it ia b~ebY uP~Y ~ covmanted u~d agreed that the Codrt shaU forth+vith appoint such reoeiver with the usual pow ers and duties of reaivers in like cases: and said appoi~. ~ ma?t styll be made by the caurt as ~ nuuer ot suict rigdt to the Marcgagee. and witbout referaice to the ~dequ~cy or in~dequ~cy of the v~lus ot the pro- P~Y ~Y ~8+8~• or w t6e solvency or ieaolvency ot the Morts~gon or any otl?er party defsndant w auch suiG The Mortgagor harsbY spsuf' ially waives ths right to objeet to tde appointm~t of a reoeiver as aforeaaid and hereby ezpresaly oonsenta t6at su~ apQointaimt slnll be m~de u an admitted equity and ~s a metter ot ab~olute right to the ~lortgagee s~d that•ihe aame m~y be done without notice w the Mortgsgor. Ifl H torecMwre proceedings should be instituted against t6e property covered by this mortg~ge upon any other iien or cLim w6ether alleged W be ~ superior or junior w the lien of this mortgage. the Mortgagee may at his option immediately upon institution of suc6 suit or during the pwdeocy thereof ~ declan this mortgage and the indebtedneae senued hereby due and paYable forthwith ~nd m~y ~t its option prooeed w torecloee this morcg~gs. r,= ~ 1 g 171ut che ~iortgsgor w ill keep ell ~eal and penonal property aow or he~e~fter encvmbeeed by the tien of this nwrtg~ge ia~ured u m~y bs rsquiied from - time w time by the MortBa6ee agaia~t bsa by firc. ~rindstam and ot6er d~sards. wualtiea and oontingenciei fa such period~ ~nd for not less tlun wch amounts as msy be required by the'.~lortgagee and to pay promPtly ~vAea due a11 premiume for euch inaunnte. The ~mounta of insw~noe nqui+ed by the Morgagee ~hall be the minimum anwunts for ~rhich ~aid im~uam shsU be writcea ~nd it shsll be incumbent upon t6e Mortgag+or to m~intain sucb ` additioaal ias~n~n~e ~s may be ~ary to meet and comply !ully with dl oo-i~ssurance cec~u'venents aontained in said poiicies w the end th~t t6e s~id ~tortgagor is rot a eo-insuror thereunder. Insurance shaU be w~ritta? by a company or oompaniea appreved or deeigtuted by the Mortga~ee and all poli- cies and rene~vds thpreof shall be he{d by the'ltortgagee. AU detaikd de~ignatioa~ by the Mortgagor wnich are ~ccepted by the Mortg~gee ~nd ~D aBes • ma?ts between bfortgagor and Mortgagee releting to in9urance. now e=isting or 6eie~her made. ~11 be w writing end s6a11 be ~ p~rt of thb matgage ~ ~ agreeme~ as fdly ss though set (orth verbatim her~n and s}ull govem boN parties hereto end their suooesaon ~pd asaigns. No lim upon ~n~ of a~id ; ~ policies ot irounnce or upon any refund or return premium which m~y be payable oa the canceU~tion or termiwtw~thereof. ~6a11 be givai w otha th~n i tbe Mortgsgee, e:cept by proper endorsement affi:ed w suc6 po6ty aod ap~oved by Mortgagee. Each poliey of insuranoe shall have af6sed tbseto a Stand~rd Ne~r York Mortgagee Clause without Contribution. making all bea or losees under euch P~Y WYabk to t6e Mortga~se as ifa intereet m~y ~P - pesr. In the event any aum or a~una ot money beoome payabb ti~ramder the Mortgagee shall have the optian w reoeive and ~pply the sams on acaoant : ~ of the indebtednee~ haeby secured. or to permit che ltortgagor w recave ~nd use it. or any part thecaof, without thereby walving or impaitir~ ~ny equi• , ti, lien, or right wider and by virtue of this nwrcgage. ln event of loa.+or Qhysical damage w the mactgaged property ths Mort~gor sh~U ~iw immdiab - . - go K22~ P - ACEz7~ ~k} _ _ _ - - ~ ~ ~ _ ~ : .5 ' k.yY~ ,~,_qy-'wn . ~ _ ,r .~~~~~"~,a~-- ~ . _ . _ ~