HomeMy WebLinkAbout2179 PROVIDF.f1, ALWAYS, that ~f Ihe \lurtgagot shall pay unlo the \1orlgagre the ~ndcbtednecs rv~J~ncrd hy a
cCtta~n prum~xsory nutr ~~f which th~ follovr~ng in wurds and (~gures is a trur copy ta-v?i1 '
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1,875.00 Fort 1' rce, ~ A~ril 12~____ i~~ 75
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FI?It ~'ALl F. ItF.c:~:1~~F:1? _.WE, iointlY--and sev_erally_,------ - r~~,,,;,,• •
th~• ~r~irr ~?f NAT FRIEDTIAN.~ TRUSTEE • ~
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tli~• pr~~~~•~pri ~~f ONE THOUSAND EIGHT HUI~'Dltt:~ _ SEVENTY-FIVE _anc~~~~9.A~iQ. t~~;;~~th~•r with intrrr-~
~hrn•un frum Jatr at th~• ralr uf lrn ~~~•rc~•nt, prr ~nnurn uutil ~natur~t~•, b~~th principa) and iut~•rc~l brin~ pa~ablr 111 IdM~11I munr~ uf
({lY ~ III~CU ~~d~l'. d~ ~{I•~':I~hl' ~3~\1~.. ~~1:IIIlI. ~,~U(IU:1. U~ d~ ~UI'~I U~~1~•f ~1~ilCl• d.• (f11• ~IU~I~Ch ~IC~CU~ ma}' dr.•i~naU• 111 Nf1~lI1';.
{'nnci~~al and int~~rr~t ~~ayable in in~tallm~•nt~ a~ fulluw.:
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FIFTY ($50.00) DO~.LARS per month beginning on the 15th day of I
June, 1975, and continuing on the lSth day of•each and every ,
month thereafter until paid in full. I
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Th~s note may be prepaid in ~~hole or ~n part after one }ear from the date herruf upon paymcnt of a p~nalty eyu~valrnt '
in ~•i~lil p~•n•~•nl ul thr prin~•ipal ~uni ~ir~•~~aid.
I F:a~•I~ in•t:~llm~v~l paymrnt ~I~all br rrrdit~•d fir~l un th~• inlrr~~.t due, anJ thr r~•roainil~•r un prim•ipal: and inlrm~l ~hal) lhrr~•-
u~~un rra:~• u~~un 11~~• ~inn~•yi~) >u rrrt~ilyd.
Thr iurk~~r~ and rndur~rn ~~1 lhi+ nutr furtl~~•r a~n•r t~? waivr driuaiiJ, nuti~•~• uf nuu-pa~•mrnt and prutr.t, anJ in lhr rw•ul -ui1 I
~h.,ll I~r bruuKht for th~• ~•uUr~•tiun hrrruL ur th~• .amr ha, tu br cullcctrd upun demand uf •rn atturncy, tu pay r~~a.onablr atturnr~ f
Irr- lur ~uakin~ surh ~•ullr~•tiun. ' -
i I)rG`ff~•(I EKl~ll~~•n1> hrrrundr~ ~h~ll h~•arint~•r~~•l at thc ratr uf tc~? pcrc~•nt p~•r annum frurn maturity until pa~J.
~ I "1~hi~ n~~tr i~ v~•urrJ hy •r murlF~Rr uf rven datr hrrcwith and ic to 1~ cnnstrurd and enforced a~corJin~ to the IaN~ ~~f thr
~t~tr of Florida: up~n d~fault in th~ pa~•mrnt uf pnm~ipal an~U~u interr~t v?•h~n du~, the whole ~um uf prim•ipal and int~r~~t
' n•inaininK :~npaid ~hall. at thr optiun of thr hulJen, t~ecome immediatel?• duc and payable. .
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~ 1'rr~ur~d h~ ~pw~l~r d Tendn~h. -~tlornry> 'S2•10 IS~.~a}nt Filvd.. \tiam~. I~~da
ar~J ~hall perform, comply with and abide by each and every the stipuiations, agreements, conditions and cove-
nants of said ptomissury note and of this deed, then this deed and the estate thereby created shall cease and bc
null and void.
1. The Mortgagor hereby co~enants and agtees:
!a) To pay all and ~~ngular the ptmc~pal and mterest and other sumx o( money payable by virtue of sa~d prom~ssay note and th~s
deed, or e~ther, promptly on the days tespec~~vely the same severally becomes due.
(b) To petmrt, commu w suffer no ~raste a~d to muntam the ~mprovements at all hmes ~n a state o( 6ood repa~r and cond~UOn, and to
do a perm~t to be done to sa~d prem~ses no~hm` that w~ll altet or chanse t1~e use and ch~racter of said ptoperly or ~n any way ~mpau or
j reaken tht secur~ty of th~s mon6aae. And m case o( thc tetusal, ne6lect or ~nab~lrty ot the Mort6a6or to repa~r ar.d mainu~n said proper-
ty, ~he Mat~sEee may, at his option, make such repa~rs or cauce the same to be made, and advance moneys in that behalt.
i (c) To pay all and sm~ular the U.es, asscssments, lev~es, liab~l~t~es, and oblisahons o( every nature on sud described property each
' and every ~hen due and payable accord~ng to lar, before ~hey become delinquent, and to deliver to the Mortsa6ee on or before March
lSth of esch year ux receipts ev~denc~ng the paymem o( all law(ully ~mposed taaes for ~he prccedm6 eatendar year, to mdemmty the
~ 111ort`asee upon his Jemand for all uxes, a,sescmen~s a~ui charges that may be assessed upon this mort6a6e on the ~ndebtedness
( cured hereby, and pa~d by the matEagee, ~~thout resard to any law heretotott enacted or hertafter to be enacted tmpos~ns ~ayment o:
the r~hole or any ~+srt Ihereo( upon ~he A1ort6agee_
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~ (dl-To pay all and sinaular the costs, char6es and eapenses, mcludmg la~ryers' fees and abstract costs reasonably mcurred or paid at
any ume by ~hc Mortga6ee because uf the (a~lure on ~he part of the Mortga6or to perform, comply M~~th and ab~de by each and every tAe
~ ctipulal~ons, a6retmenls, cond~uons and co~•enants ot sa~d promissory note and th~s deed, or.either, and every such~payme~t shall bear
~nterest from da~e at the rate o( ten 110°.1 Der centum per annum_ i
tel It is furtbu co~enanted u~d a~reed br s~id partiss th~t in the event o( a suit beins iastituted to toreclose this mort~a~e. the Mort-
p~ee sh~ll be eatitled to applr ~ny time peadies suc6 foreclosure suit to t6e court haviaa jurisdiction thereot for the ~ppointment
or . rece~~er ot .n .~a ,~os~i.? ~e ~oo~is.s~a aooenr, and ot all reats, incoarcs. pto(its. issues and revenues thereof. fros ~A~tsoevcr ;
~ source derived; aad thereupon it is hereby eapressly covenaated aod ~~teeA th~t ~6e Court s6~11 (ortdrith ~ppoiet such receirer ~ith
~ the wwl porers and duties of receirers in like c~~es; and ~~id appoiatment s6a11 be made by the court u~ matter of ~tria ri{At to
~ the Mort~a~ee, and rithout re(eronce ~o the adeqwcr or inadequacy of the r~lue of tbe property hereby matp~ed. ar to tAe aolrency
~ or iasolvtecy of the Mortp~ors or ~ny olher party defendant to such suit. The MortN~or heteby apee~fically ~raires 1he n~ht to object
to the appointmen~ ot ~ recei~er as a(oresaid and herebr eap~essfy coasenta Ihat such ~ppoiatment sA~ll be ~ade sa ~n admitted equ~ty
~ and u s wtter ot ~bsolute ri~ht W We Mortp~ee aad that tlx s~me wy be done ~rid?out notiee to the Mort~~~or.
(f) If fo~eclosurt proceedinN aAould be inatituted ~~~inst the ptopertr covered by t6is sartp~e upoa say other lita or claim whetAer
~ ~lte~ed to be superior or junior to the lien of Ihis mort~a~e. the Nort~a~ee eoaY ~t dis optiaa immedi~uly upon institutiaa of such suit
a dwin~ tht pendeecy Wereo( decl~rc this aort~~~e ~ad the indebtedness secured herebr due ~nd pay~ble torth~rith and m~y at ~ts
s optiae p~oceed to forectose t6is matp~e.
_ (v Tb~t t6e Mat~a~ot rill keep all re~l ~nd petsonal propetty nor at herta(ter encumbered ey t6t lien of this mortsa~e insured may
~ be required troa? tiwe to tise by the Giort~a~ee ~ainst loss br (ire, ~rindstam and o~her hazards. c~awlties and contin~e~cies for such
~ periods and fa not less ~hsa such aaaunts as e~y be required by the Mbrts~ee aad to p~y prosptly ~rhen due dl
~ prewiwas fa such
inaur~nce. '!he ~mounts o( ieaurwce required by the Motts~see s6a11 be the siaimum amom~~ for vbich a~id insunnce ~hall be ~ntten
and it sh~ll be iaeumbent upou tAe Mort~a~or to a~iauin such additional inaur~nce as m~y be necesa~ry to meet and canply fullr ~rith
all co-insunnce requiraeents cont~iaed in s~id policies to the tod that the aaid Mortu~or is not a co-insuror therewder.lnsurance
~ ahall be vrittee by a casp~ar ot coop~nies ~pprored a du~~oated by the Mort~a~ee snd all policies aad rene~rals tAereof shall be held
~ by tAe Mortq~ce. Alt detailed desi~n~tiona br tAe Mort~~~a rhich ue accepted br We Mottp~ee ~ad all aireements between hlorta~~or
r and Mort~yee rel~tin~ to insw~nee, no~ eaistin~ or here~tter made. sh~ll be in ~?ritin~ aeM ~A~11 be a part of tAis matN~e a~reement
~ as lully •s thouSh set forth verbatin huein ~nd sAalt ~overn both parties hereto and their successors aod sisi~ns. No lien upon ~ny of
; uid policies of insur~nce or upao say retund or retum p~esiwe vhieb ~r Se p~yable on tle eaecell~tioe or teneie~tion theteof. sA~ll
~ be ~iven to other than the Mott{~~ee, e:cept by proper endo~sasent •tfi:ed to aucb polity and ~pprored by Mort{~~ee. Each policy of
a~ iniur~nae shatl bave atfiied thcreto ~ Sundud Ne~ York Mortp~ce Cl~use witAout Conuibutiaa. aakin~ all loss or losses under such
noi~~r o.y,eie ~o ~n~ aor~~.~ee ~u iaterest awr ~Opeu. la tbe eveat any sum ot suss ot soeer become paYable thereunder tAe S1ort.
~ p~ee sh~ll hare We option to receive snd ~pply tbe s~~e on account o( t6e indebtedness hereby secured, or to permit the Nor~~aEor
to receive and we it, a any part thereo(~ ritAout thersbr ~~ivins ar i~pairin~ any eouitr. lien. or n{ht under and by vutuc ot ~A~.
n~ort~a~e. (n event of Ioss or physical d~ma~e to the mort{~~ed property the Mortp~o~ s6~11 ~ive ~awaediate notice thereof by ma~l
~ the Murtp~ee ~nd the Mor~~a~te may make proo! of loss J ~he ssme ~s no~ made promptly by the ~1or~s~~or. In evem of ture~ln.ure of
~ ' ~ooK 238 P~~~21 i 5
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