HomeMy WebLinkAbout1929 e~o~ PA6E ~y4
~0 ~W~ Afld t0 ~0~ ehs ~oe.thQ. wieh th• e.n.~.~a. I~~l1lan~nb and appurf~•
nnnca~ Ih~roto ~e~onging, nnd I~e nnlt. b~uoi and pro~tb !~e?~oj. unto 1~ mo?fgopN. tn at~np~.
~ Ih~ nwrtgapor c~ouQnants wtfk tk~ mortgagw ~I~t eiw nwreAaoo. t, t~d./.a.t6ly ,.is.d o/ satd
~nnd tn ~N simp~e: lhat the morfgnpor haa good ~tg~t snd ~ow~u~ oul~orily to c+o~wp aald ~and a ajo+r-
aatd: tkat f1~~ mwtgagor wi~~ nw~~ auch (urth~ asuu~ancya fo p~tr(~cf !~u f~ tin~~i tlf~ to aotd ~ond in
mort9ag~ m may ~+easo?wbly 6~ nqair«!: il~ne i/~ ~o.ee~o. I~..~.by /aUy w~+~o,~a ek. et~b eo ,~d land
and wtU d%nd tk~ san~ asoinat tl~~ Iawjul claims o~ al! p~nona who~oener: and tkst aaid Iand ia /?M
nnd clear o/ nlI encum6roncta
PROVIDED ALWAYS, that if said mortgagor shall pax unto said mortgagee the
certain promissory note hereinafter substantially copied or identified, to wit:
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s a~i ~o.: r.~. r~~ co.. o.~ao. tyo.+a. au~oi-~~,Sus-~` ln~_•uw~ , ~
, COLLAT~11.~~~81NGI.E PA A , ~ i :
S~~-''j O f~~ ~ `i ~~q~a~rood. Flortd ~'C. ~ 19!~ ~ ~ ~
•
- - after dats the undenlqAed (and ll mor~ tban on~. ~ ~ ~
sa oi th~m 1oIntly . and ser~raUYI, hereinaiter called Mak~s. promises to pat to tb~ ocda oi ~Li G c a,• S
ENGLEWOOD BAND~mea S ~ i
at it~ ol8c~ a! Eaqlewood, Florfda, b~sefnatter al~ed at
„'~r- e. n 1~ ~i~ DU d
pv ~ l.. ! D. s~ ~~.lJ
r~h avouM iwdudh Proewd~ d S ptw oW~r
ID~nfb~) ~~-~j
of S nsulq~q i~ as AMOU FoI~AN(~D d i v~l~ felaMt at u JlN1N1LL !~llCENtAGE MT6 oL ~"=_'xi. wl~1cL
rwuiu ANCL~CHA~(3'E dl i (Coopue~d m a Q a~oath m~euri U d~masd oWiqaNoa), lf aot'taelud~d abov~. otMr
cbugN4u~ : c~7l~ _ . la IM aawunt d f~~ ~jO lu~~ bNa cdbcMd fro~ l~ak~t. 11~
(D~wfMl
~~curity br Ibw p»yturul d ~his no I~labr ius pl or d ~d Haat th~ bllow q prop~
t
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~t/1tIMlI1N~ III Ma~. •toek aNC! ot~~r diuultads ard all riyhft to twbstribe" /or ate~ritiea iMtidtNt to. dstlartd. or yraxbd nt coMM~eliou wit~
a~~ek pro~xrf~), ~r6ieA~ proµ~rty. foprt~itr witJY oll a~lditioaa a„d iubititKtioxi kerea/ttr pledped or dapotited rritA Baak b ealled tA~ Col-
\laerrwl. T~e Collat~ruJ u alao plevlprrl aa ~~e~rrily /or aU otkrr fia6ilifira (prirnary. itcbxdory. dirttt. eoxtiwpeWt. ~ote, joixt or teeera/).
~1~~~ or to b.•cu~e~ d~~e or wkiuk ~eay bc IY~rta/trr coxlreeted or aeq+iirtd. o/ eacl~ JUaker (ixelydixp eaell b/akes and a~y otker per~ox)
to [lauk. TMr iarrewder oJ lAi~ xote. w~?ow ~.ayrwewt or otherwiie. sAoll ~ot aj/eet tAs ripkt oJ Bawk to retaix tAe Colbteral Jor t~
~ ofher IiaGilifiei.
Addllioos w. »duetio~u or ue6snq~s ol. or substitutfau lor tL~ CoUatsral. paymu?b oa aooouot d thN ban or taa~a~ d ~h~ ~aa~. o~ wAK
~ Iwas oad~ puUallr or w4oUT upon t1?~ Colla~~wi. map trom tim~ b tim~ b~ msds wUhout a!l~etioq th~ pro~isioa~ d th4 aW~. Dank iball ~=uds~ r~asos-
i~ ab1~ cu~ fa th~ cuslody and prts~na~ioo ol th~ Collat~rsl b Uis ~~at »quired br spplicalfoR s~awtr. aad a6all b~ dK~d b lav~ ~:KeiNd r~aaaaabN
' ~ cars if it lak~s such actba br 1ha1 purpos~ a~ l~ak~r shdl r~asooablr rpuesl in wriitinq. but no ombsbs b do asl ad sa1 nqu~sl~d br Mabr aLall b~
' ~\deeoNd a lailur~ w~s~rcia~ r~swaabN car~, ~nd ao omission to oosplr wltb aaX rsqwst of Maic~r sLaU al iWH b~ d~em~d a(allur~ W~uteW susa~
j abl~ car~. Bank sAall oot b~ bouad b uk~ any wps n~ussur b pc~s~n~ anr riqhu in tA~ Cotiat~ral aqaGut prlor pan[~s aad btakrr ~Lall take all wa
; euarr ~ps [or sueh purpow~. B~ o~ c+. n~« p..a ~ oot~ ~u~w op or ~~t oe ~r cou~.~at a~w ~r eou~. wriW rap~ct ~o f1. t'•
~ 11 t6~ Co~lal~rsl ~6aU at ~nr tims beoom~ unsa~islactorr 1o Bank. Naku shaU wiU~in ow daT aft~r d~mand pl~dq~ aod d~pos{t -wi1L Daok a~ parl d
j ` th~ Coll~teral addiliooa! proputr whieh is satisfactory b Hank.
p Baak d~m~ iWN ias~cve~. ot upon th~ hsppeninq a1 aar d tb~ bAowfaq ~rwu. Wch d which shsll ooa~tNuN a d~lault h~r~uader. a!!
~ Ilabll(U~s d~aeh Mak~r ~o Hank slull Uwreupon or Wer~alt~r. at tL~ optiaa oi Bank. writhout aolie~ or d~maad, b~eom~ dw and parabb: l~1 lailur~
~ ot u?r Obliqor IwAieh 1~rm shall a~ean and includs eaeh Mak~r. sodoner. sur~tlr and quaran~oc ot lhls nw~) b p~riorm an~ aqr~aMal h~r~uad~r. b
~ pay 1nM~M b~r~on wi1hL I+o da~s afNr it is bill~d or otbst~viw raqwsted or d~mand~d. O[ IO piT ~T OIL~t WbII~'f M~VWrK IO Da11k MMO dw: W)
i ~ th~ doath d anY Obliqor. (G th~ lilinq d auy petltion und~r tb~ Bankruptc~ Act or anr ~tmilu l~d~ral oc sta1~ atatut~. br or aqainst anr OWfqo~: Id) ao
~ ~ application [or tb~ appoiula~nt d a r~i~~r for, th~ a?alclnq ot a qa~~wl assiqnm~nt br th~ ba?~tit d adhors blr. or Nu inwhnnry d anY Obliqor:
~ !hs entrt d a judqment aqainst anr Obliqor: (n th~ iuulaq ol aa~ ~tlachm~nt ot qacnjsh~ab o~ 1h~ filinq d anr li~n. agaLut anY Ptop~nT d an~
Obliqor: (y th~ takioq ot poss~saic~ d aar ~ubsunUal part d t6~ prop~~ ot ~r owiyo~ m. m.w~. d aar Qoo.~,..ow autho~itT: (W 1h~ dis-
aolution. merq~r. oonaolid+tlon. or norganiaation d anr Obliyor, W th~ assYjam~nt by an~ Diat~r d nY aqultr !s aar d Ih~ CoWt~d wilhout tb~ writNa
cow~nl d Bank.
Bank ~ball ha~~, but shall not M ifm[I~d to. th~ loibwinq riq6b. ~ael~ ot wbide w~ b~ ~s~rciNd al ~a~ tlos whNh~r or ool tAls aoM is dw: Pt'
to pl~dq~ o: traaai~r lhls nW~ aud ~h~ Collatad and Hank shaD th~r~upon be reli~~~d of aU du11~a wd rupoosibiUtia h~r~under a~l rNi~v~d haa~
any and all Iiabilitr wrilh r~spM fo aor Collatsral ao pledq~d or hanst~rced. and aar pl~dqN or traa~lerN shall !or ~!i purposp sland is tM p4a ot
Banic h~nund~r aad 1?aw sll 16~ riqh4 ~ Bank }ur~und~r; (i~ b trans(~r th~ w6ols or anp p~rl o! W~ CoUal~ral inb tA~ nam~ d Nss!! o[ iis nomioN;
~ (iu) b~01~ W~ CoU+awl: Qr) b noUlr ths cbtiqon on anY CoWtoral to mak~ psym~nt b Bank W anr amounu dw os b b~oom~ dw WK~on: h) b
~'~-u~uw.w ~w ~w. w:iwi. .w .a..~~ .r.~ w...~...w`:J~ v. ~.w..«....w. ..._r ..~.wr..w ..ii.. .ri~.A.a..~ iv ..w vwi~.~s~: ~r.. ~•~r M ~wMw/.aw M"~rf rsvwwi~
Oj C.OUiN(i~.
~ Dank i~ b~r~br gl~w a Usa upoa aad a s~curitr laur~st in sU prop~rry o! ~acL Obliqo~ sowr ot at ~aY Ns~ b~r~ap~r f. 1b~ posNS~ioa d Dadt
~,~r up.a~r wn~~w..K. ~nct„~amy bw pa ~~,nasa w anr balanc. or aw• ot aor a.pwu, wW. or sy.ocr ao~oua~, a. s.cwi~T ~cr ~h. paYm.n~ d
this not~. and a ~imUu li~s upon and s~cudlr iater~st in aU such Prop~RT ot ~sch Ddabr as Ncurfq lor t!~ palmwt d a11 Wh~r 1tab1UHN ol ~scb Wak~r
to Bank lbldudisq. Wbilui~s ol ~ac6 Malc~r and aop oth~r pasoa): aod Bank shall La~~ th~ ~am~ t1qAb as b sucl~ ptopatr as it has wilA r~sp~d bo 1b~
ac
CollaNwl. V
1! Hadc dNms iwH Ws~eu+~ or upon 1h~ oocva~na ol anr d~lauh h~rwadet Dauk sbaU da~~ th~ rs~wdiM d i NC11[~ piit~ YOdK tM Uai-
" lorm Comm~rdal Cod~ and, wit6out Umftinq Ih~ q~n~ralitp d th~ ~rsqoing. Bank shall ha~~ th~ rlqht, im~dLt~lr aod wWwut furth~r aetioa br it, b
~ set oU aqafost this not~ all saw~ ow~d br Haak tn aar upaeilr b~sch or any ObKqor, wrhNh~c or aot dw. aod atw b sN od ~qainst all ath~
~ IiabUltia ol ~aeA U[~k~r b aank all awwY ow~d br Bank in ~nr wpacltr 10 ~acL or aa~ litabr: aad 3aot sba11 b~ dwo~d b lu~~ ~s~rcis~d wdt
~ right d wloll and b ha~~ ~ad~ a tharq~ sqsinst anY auch ~oo.r ~.a;~a~r upoo th~ oocurr~oc~ d sueb ddault ~~tn though sueh ehsrq~ is ~~ad~
~ or ~ot~nd on ~h~ boob d Baak aubsoqueat ~h~rseo. Ualeu th~ CoUat~al L p~rishabl~ or tlu~abas b daeliu~ ~p~~dU~ in ~alw or fs d a trp~ eus-
~ tomuUY wW oo a r~oogafs~d markN, Baak ~rip qiv~ Mabr r~asoaabls ao~ics d th~ ti~u~ and plau d aer puWic sal~ th~rwt or ot 1M tim~ ah~r w~'rch :
any pri~al~ ~ab oc anr o1h~r inl~aded dispositioa tberea! is to bs m~d~. 7'h~ requfromenl of r~asonsbb nolfu shsll bs m~t U such noliu i~ mai{rd
postaq~ Pr~pafd. b any Maker at 1h~ sddr~ss girsn bolowr or al anr olhe[ address showa on t6~ r~aords ol th~ Bank, al I~ast H~~ daps bela~ t6~ tiio~
. of Ih~ sal~ or dtsposiuaa. Upon dbpoailion ol sny Collalsral aftet the oocurrsaq ol anp dslaull 6er~under. Maker shaq b~ and r~malo liab4 br ant
~ dslicNwep; and Bank shall aceount b Mak~r !or any surylus, but Dank shaU bar~ th~ riqht to sppl~ all or an~ part ol ~ucb surplus (or b hold th~ sam~
as a r~r~~ agaiosU any and aq o1h~r liabilitiss ol ~aeh or anr Msksr b Bank.
No ddar a omiuion oa the psrt ol Bank in e:src3sinq u?r riqht henw?d~r ahall operr_:, as a walv~r d wch rtgbl or d mp o1h~r riqht und~r
this ao1~. Pres~am~eat. d~mand, p?o~~st. no~ks ol dbhoaor. aad ~xbwba ~ tl~w without aot{a u~ lur~br ~rai~~d by ~acb and ~rtrp Obliqor. TL~
. Obl~gon. JoinUY ~ad s~r~rally, p:omis~ aad aqrN b pal all ewu o! oollsclfon and atbrnori ta~ ~qual b 1096 0! ~ prtodpal aus or nuh luq~c
. amounb ai may b~ r~asoaabl~ and just tacurr~d or paid br Bank in enforcfog Wis noa upon oxurr~ou d~oi fault. Any b l[sbrshall
~ ' bs ~uttici~oQr wn~d loc all purposes 8 plaod io W~ mail. posuq~ p»pu~d, addc~~Nd lo N pou th~ pt~4 rn l~lo~r at anY
~ ah~r add~~ss shown on Baok's rwords.
: Maka aekaovbdqM ncei d a aompbbd oopY d t6b Nou oa t!~ abw~~ da1~.
ADDAFSS: - - _ _ ' _ ~,A e % ~
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