HomeMy WebLinkAbout0992 PROVIDBD; ALw?AY9~, t6~t it drs Moetp~or ~6aU pay usto tlr~ lioatp~ tLe iadebtedneN evideoced br a a
cestaia protoiMOq not~ ot ~hic6 tt~ Iollwvis~ is ~ tad A6ne~a b~ tsae oop~ taait: ~
TERMS OPEN ~ MORTGAGE NOTE
S ~tLYi . Florida Cen~rrunrs 19~.
VALUE RECEIYED the understgned jointly aii~t srct?ally pramise to poy to t+e ord~r o~
. the princip~l
~ ~w~~ Ddtars (S ~
sum of •
togethcr u•ith inlcres! thereon from _ ~iTF at fha ratt u/ ~---ptr otnt• Pt* annum unfi maturity.
The said ~rincipal ~tnd tnterest bNn~ poyabit at F?o?id~,
or at such other place as the holdt? hereof may deHgente in u~rtting. Tht said p~inelpat and inttrest eing paJ~hl~ as
/ollows:
~1NE MONTNS FROM TNE DATE HEREOF. .
A
This notc may be prepnid n/tcr ~ auv ~r*ur .~ith ~~toltyof-~ cent. of thc unpnid Lalrtncr.
Thir note is tecurtd by a matRcgt ecen dett Ansu~ltl~ mtd ~s ta 6e cwastn.td wd tnlorced accadj^8 to the 1ou:s o/ the Statc o/
Florido: ujwn tht 1atlun M the makers ~o/ to poV a~p/ suat rsryuind to bs ~wW 6f/ ehs ttrn~s of thit nntt tx the scru?inK m~~rt~;ac~c.
p~om~Nly u;hen d~cy sn:~olly becane due, or upon the bnaCb oj eny ~+tf~ bn, ogrstmse~t o? tocenant o/ this note ur n/ thc ~c~~u~iru;
matgoge. tAe eN~re su~n of Pry~t~! ond tntatst mm~inlr~ wiiNtd +~e(b ~ tbe optbn o( the hnidn he~tof. txcmne immcd'udely dne
and puyoble. Failure to trt?ci:e mtd option thoU not oun~Nhrtt ~ wotu? oj tl~t slght to atrcist t/~ same ny subscvurnt.tim~•.
Thtt note, including ony insta[ltntnt poya~ent o/ prMMp! snd/o/ h~tenst. shaR bso? fnte?at at tht rott oj ~,er cc~?t.
ptr annum /.om the rupeceiu moturity doee thenof w~eN pd,.
Each nwker ond endu~ser ngreu. fotntly md xoerotlq. ~o p~l aU ewt o/ rnllsrtlaw. t~clud(ng o naronobk ettn,ney's ~re, in rh~
tunt thir ndtt. inc[uding any Inrfallment pnyment. u ~or r,+d p.~nalu ~ d~e. und fbt tmns 1.t gtcen to on attoracy /or c~dl~~ tiun.
wheeht? sult 6t b?ougl~t or not.
Each makn ond endorre~ seurrotly u:atut dsnwnd. p?olat ~wd wotiot o~ *nb~~~itV. ~~'l~llm~~ M P~~ O~ ~II MI~Cr ?ei~uirrm~•nfs
ntcessory to hnld coch a/ thrm Iia61e a: maken and tndorun. ~
• _ SEAI. )
NGLENWN.
~ sE:~t. ~
and s6a11 pedorm, comPly with and abide by eaeli a,ad e~ery tbe stipulation~, a~reeaneau, oondition~ snd oaveaaata of
said promi~wry note and o( this deed, t2~ea this deed and the estate thereby created ~6all oea~e and be anD aad roid.
1. ~ ~ton~ao~ ~~r .na
T~ p~~ dl asd sie~1ar 1Le~p~ ~od iaterat aod Nher ~Ww ~t mseel P~7asle br cinue ef ~aid promiwq oote uid tbi~
deed, ~r either. PromW4 ~n tbe a7r ?~N~~7 ~be w~e ~evenll~ bee~a due.
' (b) To permi~ e~mmit er wtu s~ rMte ud u saiiM~ia tLe i~uprercwew ~t ~11 uma is • wte o~ ~ood rep~ir s~i e~oditim; ~sd
' to de ~r permit to be done u~tid prani~a a~6i~ fIYL M~U ~Ct K eh~~e tLe Me ued elyneter of wid propert~ ~t ia m~ w~y
j impair or ~reakm t6e ~ecnrit~ ~f tLis artp~e. Aed 'u cue ~t d~e tetaMi, ee~leet ~r iw~bilitr ~f tbc M~dppr t~ cep~i~ ~ed asiM~ie
wid ProPrK7. tLe Mo~tp~ee w1. ~ tii! pti~. wke wer reP~in er eawe t~e woe a be msde, ud ad~s~ee mooe„ is t6u beL~U.
~ (e) To p~~ dl ~nd ~in~ular t6e u:es, ww~neats. ~edu. liabilicia. ~ad ~bL'pti~ ~t ere~ mtnre ea wid de~cribedpt~p~
~ ae6
~ aad cver~ ~+hen dne ~ad p~~~ble ~eeordia~ to lar, betore t6er re~come deti~q ~ed to deliver to tLe Mortp~ee oa ~r be(~re Wce6
~ 1St6 of ae6 ~ear ua reesipu e~ideacin~ tbe p~lnnea~ ot dl la~full~ impe~ed~~tua fot tbe pcecedin~ eakadu ye~r; t~ indem~it~ tbe
Mortpsee upo
ahb ~ d tor dl tu~ wew aeno ~n 1nr 6ew~etefKe ea ed~l
ere~ er~~ be eapie~tedn t6e isdebtedsar ~ tbe
€ Lereb~. ~nd Pa ~r i~L~. 7 ~P~~L P~7~
•rhole sr asr p~rt tbereot upon ~hc Monp~es.
~ (d) To q~ ~11 wd ~in~slar tbe ewu. eL~r`e~ aod espen~a. isdudiws lawTen' tees and ~bstnet eoqs cea~emblT ineerred srpu d~t
~n~ time b~ the ltortp~ee beeawe of d~e (iilare on t6e put of t6e Nort6~`ar t~ perforan, eoo~pl~ wit6 aod ~bide b~ ue6 asd evenr
the ttipulations. ~~reemeau. conditiow and ee~•eo~eu ~ said pomu~oq aete sod t6is deed, or eitLer, ~sd e~up Wer p~7meu~ s6a11
be~r iaterat fn~e d~te ~t the n~e o~ ten per eeotum per aee~ua-
(e) It u fdrtLer eo.ewn~ed ~ad ~Ecesd b~ ~id~e~ tL~t b t6e ereM ot ¦ ~nit beio~ iastitntcd t~ ~~nelese 16is mortp,c, tLe Y~rt-
v~s
ptee ~6a11 be entitled t~ spplr at ~n~ time pee 'n~ ~aeb tereelosnre sait te tbe eourt 6avis~ jurLdietios e6ereo~ tor ~be intmest
of • reui~ ef ~Il and ~inN4r t6e morti~i~ P~~7. asd ~l dl teou. iaeo~ses. Pro6b. i~nes aad ~evenaa lieroaf, from ~r u
wuree derived: and tberenpon it i~ 6creby apreMl~ e~~eouted ~ad ~~ced tlut t6e Coart ~Il brth~rit6 ytpoist soeh teeti~et with
tbe naaal pr+en ~nd d~ties ot reeeiven in like ea~a: wd Wa ~ppoietmeat sbdl be m~de b~ the eoart mattee o( ~triet ri6bt to
tbe Mortppe. and ~?itb~ot re(e~caee to the ~deqwc~ ~r ie~deqweT of.tbe valoe ot tbe Proput7 Lereb7 m°~rt~~d. or to tbe wha?e~
or inwlvene~ oi t6e Mat6sson or ~ay ot6er p~rt~ drt~od~et I~ w~eb sui~ 1Le Mert6~6~ ~7 ~i6nli~ wr~ifa tbe ri~6t w
objeet to tLe ~ppointme~t ol ~ reeeirer a dores~id aed bereb7 aprady eonseats t6at ~oe6 ~ppointmeet ~6d1 be made as aa admitted
eqaiq wd r• m~tter of ~Mo)me ri66t to tbe MsrtpNe wd th~~ tbe s~e~e ms~ be dooe ~ritlwm sotice t~ ~ Nertp6or.
(t) I( toreelo~ure proecedinp ~hould be imututed apirt tLepn~e rtr eovered br thi~ mortp~e ~pee ~a7 otber Um or elaim ~+betber
dle6ed to be ~nperior ~r janior to tbe lieo d tbism~a~e. t6e llortPta n~a7 ~t 6u opti°° i~ed~w7 °p°° institution vt we6
snit or dncin~ tbe pendener t6creot decbre diis a~ectpN asd ttie isdeMedners ucnred bereb~ doe ~nd pqable f~rt6M?ith aad mq a~
ib option proceed to fortdo~e tFw wortpBe.
(6) T6~t the 1[ortp~or Mrill keep all real ~nd petw~l PraPa4 ue~? or heredter escnmbered b~ tLc lien et thia m~rtp~e iawred
p ma~ be teqeired from time to ti~ne b7r t6e Meetp~ee ~pia~t 1ws b7 fir~ ~indstorrn and otber h~sards. easwitia aad e~otin~eneia
for sneh pariodr and (or oot las t6an ~neh amoww M mq be rquired br the Mortp~ee md to p~7 Promptl~ ~vLeo doe dl prauiaou
~ tor ~uch iawnsca 1be anounu of io~nnsce reqoir'ed r7 t6e Moeti+~ee Eh~ll be tbe °'inim°° ~°°°°a for wLieb pid imnruxe shdl
be Mrrittee ~od it ~11 be iaewobwt opon tLe 1[ortppr b s~lwln s~ ~dditieMl ins~asoe a~ ~ be aeoewr7 ts meet and eompl7
~ fullr nith a11 ealnsora~ee reqniremenu eoouined ia ~d }~lida b tbe eod that tbe ~aid Y~tppr i~ Nt a eaimwror t6ereuwder.
~ Insuraaoe s6~U be ~?ripta b~ • compaor or e~mp~aia~ ~pro~ed K dai[~ted ~tbe ll~~rtsasee ~od ~lI~polieie~ asd eeaewab thereot
shd! be beli b~ t6e 1Eortp~ee. Ail dw;led desipMtiw b~ tLe ll[orlp~er rrhi are~ h~ t6e lll~etsa~ee ~ed all ~~enu
benreen N~etpLor ~oi 1[ortp~ee rela
u'n~ N iaarnoe~. N+r e~tia~ or bereJta m~de. ~II be iw wri ~od ~6d1 be ~ qst of thiu
~ mortp~e ~p~eemeat ~ idll ~ t6ooi6 ~et Iwth ~ub~tio bee~eh as~ sLatl so~ras both parties be~at~ ~od~ weee~on and asi~n.
~ iV~ lies ~ a7 ~t ~aidpo
Udea of in~uroos or~oa M refii or returo prcminw n6iehs~ be~ p~TaWe o~ tbe aeeeWtioa ~r
tuminuios tbeeat. ~Il be pvaa u otLer tb~ tbs 1[~etp~eer~t b~~ pr~s endonm~est ~iud t~ web pelie~ aad ~ppre.ed b~
ee
~ Mortp~se. Fse6 p~lie7 ~f i~n~oe s6a11 l~u a6ued tY~eto . edard l~e«? York llt ~ee Clawe Mit~ost Coatribmion, makina
all !oM or loMa a~dK nieh polle~ p~Jable u tLe ldortp~es ~ ib iaterat w~7 ~PPa*. I~ e~ent wo or s~ d moner beeeme
wnble ~hereaader ~ 1[orcpiea .tiW ba.e ~Le epct.a u e•aiw .ei~pp]~ tbe woa ~s aeeoaM iedebtedsa~ butb~ ~eeored.
~ w~it6sat tbae~ w~i~i~t K~ir6~~
d7 ~~7.Lea. K ~6~ -
or t~ permft tbe 1t~rtppr t~ roeei~e ~nd o~e it. or e7 P~et t~s'~~ tie 1[Ktaapr ~I! ~re ime'
~ nnder ~nd b7 rirtos ~t t61~ wrtp~ss. Ia e~aet ~f 1~ ~r ~dal d~m~~
~s!~~/cd~ aae pna~p~ b~ tLe
~ , ai.u n.tk. tLa~t ~'7 m~i! a t~e 1[~e ~ad t~s ti~tp~es ~7 K l~
• ` ` 600K P1?CE "v'''
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