HomeMy WebLinkAbout0879 ~~(ZO~~~)~•.~~. \~.1\.~1ti Ih.~l ii Ilir \l~~tt~.i~,c~1 ~I~all ~.i~ unt~~ lh~ \lutlg.t~;r~ lhc tn~~thl~t~nr~+ r~~J~n.rd h~ d
ctr~ain prum~..~u~ nula_~~~) ~?hiih ?h~ 1~~{I~~~~ing ~n ~~~+[.1, an~ll~gute~ i? a 11u~ i~~p~ ti~-N~1
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~ 2~ 77S .OO _ F'nrt Pi nr~e; Hl~~rida __Ap~l~~i 19_]~`- -
F(1H ~ll.l'F: KECF:1~'F.U-- -_---WE Jo.intly
and several~~ ~ ~«~,~~w~ 1u pa~
tl~~• ~rdrr . _MURRAY_R4SEN._ a~d_ I!~A__R~41~_~9SEN~ _his _wife ~~00- _ s~
il~r principal ~,r _T~dQ~kiQ1ISANI2~~\IF.N~ii1ND8EIL~EVEHTY-FIVE-_-~[)~~~ i., tu~rll~r~ w~1I~ inlr[r~t
thrrrun frutn date el thr rat~• uf Irn prn~nt. E?e~ annu~n until maturity, (?uth principal and iut~•~c:t l?ring pa~at~lc in lawful ~nunr~ uf
~hr l'nitrd ~tate~ al :.''.:-1~1 Iti~~•a~ne (3hd., \liami, F~lorida, ur al ~uch ull~er place a+ the hulder+ hercu( ma~ de.ignale in writinK.
,{'rinripal and intrre.t payable in in.tallmrn4~ a.. (ullows:
SIXTY-FIVE ($65.00) DOLLARS per month beginning on the lSth day :
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` _of July, 1975, and continuing on the 15~th day of each and every '
month thereafter until paid in full.
Th~s note ma~• be prepa~d in w•hale or in part a(ter one year from the date hereof upon payment of a penalty equ~valent
t~~ ri~ht p~•n•~•nt ~?I~ th~• piia~•ipal >um pn•paid.
F:arh in>tallnu•nt paym~•nt ~liall br rrrdilyd fint un thr intcrc~t dur, and lh~• rrmaindrr un principal: and intrre•t ~hall thrn•-
~ upun c~•av upun thr prim•ipal ~•n•dih•d. . ~
I 7~I~r makrn and .•ndurw•r. ut tl~i. nutr furlhrr a~rr•r to waivr d~•mand, nuli~~~ uf nun•{~aym~~nt and prute~t, anJ in'll~o e~•rnt ~u~t
~h~ll br bruuKht fur llu• ~•olli•~•tion h~•n•uf. ur th~• sarne ha.~ lu be cuUert~d upon demand u~ an atturney, tu pay rca;onaLle atturn~•~
1'ur mrkin~ ~u~•h rullr~•tiun. :
; Orfrrr~d pa~ mrnt~ h~•rrundrr •hall b~•ar int~•n•.t at thc rat~• of ten percrnt prr annum fru~n tnaturity until paid. ~ "
~ 'l~hi~ notr i~ ~e~~~rrd by a mori~aKr af e~~en date he~ewith and is to he consttv~d and enforced accordin~ to the law~ of the ~
~tat~ of florida; upnn d~fault in the pa~•m~nt of principal and/~~r inler~sl when due, the whole wm of principal and int~r~~t
i n•maining unpaid ~h-rtl. at the optiun uf th~ hulden, txcome immediately due and payat?Ie.
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1'r~y~r~d b)~ `pMl~r 8 T~nd~~h. ~Itotnty. -?.'I.SO HLcra~ne Hlyd.. ~liami. larida • j
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ar~J ,hall perG~rm, cumply w~th and abiJr bc rach and e~er. the .upulat~uns, agreements, condit~ons and cove-
nants o[ tia~d ptum~ssor~ nute and uf this deed, then th~; deed and the estate thereb}• created shall cease and be
' null and ~oid.
1. The Mortgagor hereby cuccnant~ and agrres~
f (al 7o paY al! and ~ingular the pr~~c~Cal and me~rc~+ end .vher ,um~ ~~f mnncy payable `+y vutue of sa~d promissory ~ote and th~s
~ om tly un the JaY~ ~e. cct~~: {c tht .am: .r~erat~> hr. ~mc. dut.
~ deed, or e~the:, pr p D
~ (b) To perm~~, c.xnm~t or su[fcr m~ We.te a~~ co :ca~nte~ .~hc ~mproLCm.cnts at all ~~mcs ~n a state o( gaod repa~r and cond~tion, and to
~ do or permit ~o t+e dane to ~a~d ~~em~tirc no~hir.g rn~t +:il ..{ter u: chaage the use and chaeac~e~ of sa~d p:opeety or ~n any way ~mpau or _
~ weaken tht secunt~• of cA~c mor.gaRe. 1nd in re.c ~riu,ef. neglcct or ~nan~luy of th~ 11or[gagur to repau acd mamtam sa~d proper-
ty, ~he ~tort6ager may, at h~ti ophon, mrir +u.h rep~ir+ or ~eu.c :~c .em~ t. be made, and adcance mone~+ ~n that behalt. ~
~
~ (c) To pay all and ~ingular che teir.. aa~t~.mrnt~. Ir~~e~. L•a~ii:tieti, and ubhgauon~ ot e~ery nature on sa~d descr~bed property each
and every rhen dut am~ p:,yable ac:~~rding :r le+., ~~:~x~ +hcy bocou:r del~nguent, rnd to dei~~er to the R1o:tgagee on or De(orc March
IS~h of eaeh ytrr trx reieip~c ~~~d~r.inK :ht ~a>~-rn! ~~t a~! i~w:.,(R impoud taaes for the prccedinE calendar yeas; to mdemm(y the
\Iat~aaee upon h~s demand tor eil ta~c., e"c~~~rcr.~. ~nd .'~argc• tha~ n~a} be as~es~rJ up~~n thu mnrtgage on tht ~ndebtednrsc
~ curtd herebp, and paid np ~*•~Nt(ta~Lfc', u~th,~ur •r¢~r~ 'o any iax herCofurc ena.ted or hereaft~r ~o be enacted ~mpos~ng ~aymeet o:
tht Mholt or an> ~art thereof u~nn th~ ~1.~:!Ragee. '
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(dl To pay all end c~ngular th~ ~t.~:.. ch.::gc. end c~prr.~e~, m.:ud~ng law~ers' tr:* and abs~ract :osts ceasona?+ly meurred or paid at
any ~imr fiy thr ~luttga~tcr br.eu.~ !hr la~turc .~r ~hr i•~r! nt thc ~1or!gag~.r to pcr:o:m, :.~mply r~:h and abidc by each and tvery thc
3 s~~pula~~ons, agrcement~, c~~nd~tu•^+ end ,~.cc^ert:> ~a~C ,r.,mi.c~H> r:o~e and th~. decd. ~r e:ther, and e~ery such payment shall bear
~nltrtst ftWn datt ~l thr falc ot ta•n !;11 prr :rr:[~m n.r ~nnu~^ ~
~ (e) 1~ is further coren~.':= and ageed by sa~d part~es tAat ~r. the event of a suit being ~nst~tu~ed to foreclose tlys mortp~e, the Mort-
~s~ee shall be entitled to apply st •ny t~me pendin~t such (oreclosure suet to the court havins ~unsdictim thereof (a the appo~ntment
o( a receivet ot ~11 and ~inaular the mwe6a~ed prope~ty, and o[ sll rents, ~ncomes~ pro(its, issus~ ~nd revenues thettof, (tas wh~tsoerer
~ source denred; aad thereupon ~t ~s hereby eapressly coven~nted aad s{reed th~t tF~e Court sh~ll forthrrith ~ppoint such receiver w~th
the wual povrera and duues of receivera in like c~~es: •nd s~id appo~ntr.rcnt shall be m~de by the court as ~ matter of striet ri~ht to
~ tAe Mort~a~ee, and w~thout reference to thc adeqwcy er madeqwcy ot the raiue of ~he pcoperty hereby mortp`ed, or to tRe solrency
~ w insolveney of the Motlja`ots ot any other yarty defendant to such suit. TAe Mortg~aor hereby spec~f~c~lly vaives the n~bt to objeet
to the appointment ot a receiver as atoress~d ~nd'hereby expressly consenis that ~ucA appointrnent shall be m~de ~s an admitted equ~ty
~ and as s matter ot absolute ri~ht to the Mortaaaee artd thai tAe saRe r.say be done w~thom notice to the !Nortsa~or.
~ (f) If loreclosure proceedin~e should be ~nstitwed a~amst the property covered by th~s mortp~e upon any other tien or cla~m whether +
alle~ed to be superior or junior to the lieo o( this mort~aie, the Mort~adee may ~t h~s option immed~~tety upon msutut~on of sucA suit ~
- or durins the pendency thueo( deciare Ih~s mor~6aie and the indeb[edn~as secued hereby due •nd p~yable (orthvith and may at ~IS
option proceed to foreclose tb~s rnort~+6e.
~ Th~t the Matp~or ~~II keep all resl and personal property nor a heruf~er encumbered by the 6en ot this morip~e ~nsurtd as may
~ be required itoa~ time to time by the Mortsaaee spm~t loss by fire, r~ndstwm anG other hazards, c~suslt~es ~nd coo~m`encies tor such
sz penods and (a not lea~ than such amoums es m~y be requued Dy ihe Mortpsee and to pay prompUy when due dl premiums (or sueA ~
msurance. The amounts of in~urance requ~red by the Nortsa6ee shall bc the mmimum amounts tor a~h~ch sud msur~oce sha11 be ~ntten
~ and it sh~ll be ~ncumbent ~po~ the Mort~asor to munt~in such ~ddu~onal insurance ~s msy be nece~sary to meet and comply fullr vnth ~
~ all co-msur~nce requirements conta~ned ie said polic~es to the end that the sa~d Mortt~tor is not a co-insuror thereunder.lnsur~nct ~
.,,3' shall be rrritten by ~ compsny or compan~es approred or des~an~ted by the Mort~a~ee and ~11 pohcies and renev~ls thereot shall be htld
~ by tAe Ma~p~ee. All deqiled des~~nahons by the Morts~sw which ue accepted by ~he Mort~a~ee and al! asreements betreen Mortp~or
•nd Mort~a{ee re1H~n~ to insurance, noW ea~sun~ or here~tter made, shi11 be in rri~~ns and sh~ll be a part of this aort~~~e a~reee~ent
(ully •s thousA set f«th verb~t~m here?n an6 ~hall ~overn both parties hereto and tAeu succcssors •nd ~ssi~ns. No lien upon snr o(
s~i6 polieies o( insurance ar upoe any retund or return prem~um which nt~y be p~y~ble on the e~ncell~tion or teraun~t~on thereo(, sh~l{
- be ~iven to other ~han the Mat~s~ee, eacept by proper endor~ement aff~aed to such pol~cy and ~pprored by Mortp~ta Each pol~cy of
iniur~eee sA~ll have atfiaed thereto a Sundard New Ywk Nort~~~te Cl~use w~thout Contnbuuon, m~kin~ all loss or losse~ uoder ?uch
policy p~yable to the MatN~ee ss its ~nterest miy appe~r. In the erent ~ny sum ot su~ns o( aanty betome p~yablt thereunder the ~brt-
s~see sh~ll hare the opt~on to rece~re and apply the s~me on account of the mdebtedness hertby secu~ed, or to perm~t the ~1or~~sEnr y
to reeeirt and use it, or any part ~hereo(, vr~Ihout thereby ~v~ivioa oi impaum~ any equlty, I~tn, or n~At under and Ay rutue ot th~.
~ nartp~e. In event o( los~ or phys~cal dama`e to the mort~aded property the Mort~ador shsll 6ive ~mmedute nopce thercu( by m~~f Io
Iht Motl~a~te arn1 ~At ~Mrr~Radee may make pro~+f o( lotis ~f thr camc ic not madt promptly by tht Ma~ea{a. In evrnt nf (~Ke~lo.urt ol
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