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PRl)`'IDt:l1. ALNAYS. ~hai i( the \1urt~~?~ot_ shall pa~~ untu the ~brt~a`e~c the indebtednr+~ rv ~~~ncrd h~ a ;
crrt~~n prumi..u~y nute ~~f wh~ch the fu1loN~n~ ~n w~~rJs and h~u~cs i~ a ttut copy t~rw~~
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3___~,5Z5.QQ- - - Fort Pi~~rcey_ t~,~~~~1,, _ January 14, 77 ;
t'~~ft ~ t: '1
I~~'~1~~~~~~~pan~i FLORENCE ROSS, as Joint Tenants with R`Y~'h't~ ~'b`f
TWO TNOUSAND FIVE HUNDRED SEVENTY-FIVE and n 1.qR ~
~ 1 11f1~~..~ 1~?,~,~,rl~i~•t wll~~ iut~tr~l
thrrr~ai i~urn dal~ al lh~• r:itr uf 1~•n ~w~~•rol. prr annu~i~ unlil malunh. IN,th prin~•ipal aud int~•r~•~l i~~tin~ (~a~al?I~• 111 IdN~UI IIIU111'~ u(
thr l'n~trJ ~tatr. at _':.'~~ti Itiw•a~m• I~hd.. ~liami. F'lunda, ur at ru~•h uthr~ pla~•~ a. the hulder• h~rruf m~~' tlr.~~ualr ~n Nntin~;.
I'nnc~pal and int~rr.l payaLlr in in~lallmrnt. a., fulluw.:
' EIGHTY ($80.00) DOLLARS per monCh beginning on the 15th day of March,
1977, and continuing on the lSth day of each and every month thereafter
until paid in full. -
l~h~s n~~tz ma~• be prrpaid in uhole ur in part after une yeac from the Jate hereuf upun paymc~l of a penalty eyuivalrnt
N~ riFlil p~•r~•~•ul ~~f Ilu• prin~ ipa) ~~un ~~n•paid.
F:a~•h in~l~llnirnt prymrnt •hall br ~•rrditrd f~nl un thr iatPr~.l Jur, anJ lhr t~main~lrr ut~ pnncipal: and inlrrr,t ~hall thrr~• -
Il~~utl ~•Pav U~~uO l~lr ~~fll~~y~~~~ .u ~•fr~~lte•~~.
7 I~r mak~n ~ud ~•ndur>.•r- ~~f Iht~ n~~t~• furlhrr aKn•~• !u waivr Jrtnand, n~~U~•~• u( nun• ~ay mrnt ~nd ~~rut~••t, anJ in thr r~~n! ~int
~h~ll b~ 1?ruu~ht (ur th~• rullr~•t~un hrrr~?(. ur tl?r ymr ha_~ to he eull~~trd upun d~mand u~ an atturn~•~ , tu pay n•awn~bl~• allum~~
t~•r. f~~r makink w~•h ~•ullr~•huo
1)~f~rmd pa~ m~•nt~ hrrrundrr •hall hrar iat~•rr.t a1 thr ratr ~if t~n p~rrrnl p~r annum f~um rnalunl~~ witil paid.
'll~i• n~~tr i. v~•umJ by a murt~aK~ of e~~n dat~ h~r~with an~l i~ to !K ~unstn~~d md enfon•ed a~~•orJink to th~ law•. o( th~
~Ial~ F~1~?nda: up~?n d~fault in th~ pa~'tn~nl uf prin~•~pal an~6r~~r inte~~.t wh~n du~. the whol~ wm of pnn~•~pal and int~rr.l
~ rrnwininK unpa~d ~hall, al ll~~ u~?tiun of th~ ho1J~n, t,c~om~ immeJiat~ly.. and yaLl~_
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~ Pr~par~d h/ ~pitl~r S l~ndn~h. ~Il~~m~~c 21t11 N~vaqn~ Klyd .!1fiam~. FlcXida
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I ~r,J .hall perfotm. cumply w~th and ab~dr b~• rach and ever} the supulauuns, agreements, cond~Uons and cuve-
nanu uf .atd prort?issory note and of this deed, then this deed and the cstat~ thereby created shall cease and be
null and ~•o~J.
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j 1_ The Murtgagor hereby covenants and agrees- .
ial Tu prr all and ~in~ula~ the pmc~pal and ~ntore~r and other sumc of money payable by v~rtue o( sa~d prwmssory note ~nd thi~
dcrd. w c~tAct. prdnptly en tht daY~ respeu~vely the came >~~rr~lly becumes due.
i ~A/ 7~• perm~t. .ortrnu ur su[ter no ras~e aM1 ~o ma~nta~n ~he ~mpovcments at all hmes m a s~s~e of 6oad repa~r and condiuun. ana ~o
do ~x perm~t ~u be dene to sud prem~aes notAin~ that ~~11 alter w chan~e the use aed character o( sa~d property or m any ray ~mpe:r or
~ +eaken the se.ur~ty a/ th~s mwt~aie. And m case of the rcfusal, ne{lect «~nab~bty of the Mwt~a~w to repau srd mamu~n said propcr-
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j ty, ~he R1or~~sEce mav, at h~s opbo~, ma4e sucA repaus w.auce the s~me to be msde, snd adrince moneys m that behalL
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{ Icl To pay all and •~n~ular the h~es. assesaments, lt~~es, I~aA~Id~es, and obl~~at~ons ot every naWre on sa~d descnbed propeny each
~ ~nd eve~y ~hen due and payable accmd~ns to lar, ~t(ore they beceme delmQuent, and ~o del~ver ~o the Mwtta~ee on or betore ~lareh
iS~A of each ye~r rece~pt~ ~v~dencm6 the pa)mem o! all I~~tully ~mposed taaes fix the precedm(t calertdar year, to md~mn~ly ~hc
` ~fwtp~ee upon h~s demand for •II taats, a.sesamen~s arn! cAar~es tAat may ee assesscd upon th~s mort6aje on the iodebtedne~~
.wrd hertby, and pa~d by the mort~aRe~, ~ithcwt u~ard to any lao heretofae enacted a hereafter io be enacted impos~n~ eaymcnt ot
j the .hule a anr ~ar~ theteot upon thr ti1.•rtEa`ee_
f Idl T~ pay aF! •nd s~n~ular [he coc~c, cAar~es and tipenses, includins Isvyers' (et~ and abstract costs reasonably mcurred ~.r p~~d a~
~ .,n~ ~:mr hy the S1o~tEaRee bec~u.e ..t the Ia~lure un tAe part uf the ~tor~`a~or to pe~(orm, comply w~th a~uf ab~de by tach and rver~ ~h~
.t~pui~t~ons, aErtemen~~, cond~hon~ and covenants o( ~a~d prom~sseKY note and thi. deeS, a euAer, and e~e~y such p~yment sA~l! be.r
~ntc~e~t (~ua~ datc st thc ta~e of tcn 110°~) per ientum pct annum.
~ _ ~cl It i~ further corcnanted and s~reed Dy sa~d parhes th~~ ~n the even[ oi • w~t bcm~ mshtuted to toreclosc thn mrnt`a~c, ~hc ~1«r.
~ Ea~te ~hall Ae encdled to spply a~ any ume pend~n~ sucA tort~losw~ ~uit to the cou:t havm~ ~ur~sd~ct~on ~hercof (cx the sppo~ntmen~
f nf a rece~ver u( a!I and sm~ular tht m~~~a~ed properly, and o( all rents, ~ncames, prohts, issues and revenuec thereof, (rom rhat~oe.cr
~ .~wrce den?ed. and thereupon rt is hertby tapressty covenanted and s~reed th~t ~he Caurt ~hall fortA~r~th sppo~n~ ~uch re~e~ver r:~A
t th~ wwl po~r~ra and duhe. o( recr~~ers ~rt I~iee case+, and ssid appomtment sh~ll he made by tht court as a matter o( ~tncl n=At
i ~hr \t~xtsa~ee, and a~lhout refe~ence t~, the adeqwc~ ~K inadcqwcy uf the valu~ o( th: propeny hereby m~xtp6ed, or ro ~hc ~oRcn~ ~
` ~~r ~n~ulvency o( the !1{w~~a~a~s a any otAer psr~y ~1e(endant to such smt. The ~lortsasot.heteby spec~tically y'ilYtS ~Ae n6ht ~o ~h~~~f
~ w che appo~ntmen~ o( a rece~ver a~ a(wesa~d and hertby es~xesslY coesents that such appomtment shall be made as an admuted ~~u~!>
I ~od as a matter ol aAsotute n~lft to lhe Mortp~ee snd that thc same m~y be uune ~~thout not~ce to the Nort~a~or.
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~ 1(1 If frxecloswe prottedmp shouid bt ~nsutu~ed apmst ~he property tovered bY th~s mottp~e upon any other lien w cla~m rANhcr
f •ileRed to be supenor or ~umor to the hen o( tA~s mat~a~~, the Mortsa~te may at h~ti opt~oe ~mmedu~cly upon ~n~t~tution ~r( ~uch .u~t
ex durms the pendency ~htreof declsrc tA~s mottp{e •nd tAe ~nde~tedn~ss secuted hereby due and payable textbruh and m~r •t
~~D~~~ p~a~ed tu foreclost tb~a mat~a~e. ~
1~? Tha~ ~he Mo~t~s~or will keep aIl real and personal property nov an c~rea(eer encumbered by the lien ol :h~s mort~a~e ln.ured a. m~y ~
hr rcqwred frdn ume to I~me by tht Mor~~a{et ap~nst loss by hre, ~~nd.~a~n and other hazards,_c~+wl~~es and c~ntmEcnc~c. (~~r <u.h
per~odx aed tor not less tAan such amoums as msy be requued ~y the ~1otl~a~te and to pay promptly when due all prem~ums for ?uch
~nsurance. 7Ae amounts of ~nswance re~u~red Dy tAe Nort~a~tet shall be ~he m~mmum amoun~+ (w rh~ch ~a~d ~nsurance ~hall bc wr~tten
and ~t chall be IfKYlllbtQl YpWI Ult MOfISi~M to ma~nta~n such add~UOrul ~n~urance u miy be nece.san lo meet and comply fully ~r~th ~
all co-~nsurance requucruents conumed ~n sa~d pohues to the end thst the ss~d Mat~~Ea u not a co-insuror thercundcr.lnsuranae
.ha11 be wntten Ay s company w compan~es app~oved or deai~nated by tAe M~x~p~et and all pol~c~es and rene~rsls thereof ~hall Ae he1J
bY ~he Mdt~a~ee. All dtq~ted desi~nat~on~ Ay the M«t~s~or rh~ch are atcepted by ~he Mort~a~ee and sll a~reements bet.eea Mo~t~a~a
and Mor~~a~ee relat~n~ ~o ~nsur~nce. nor e~~st~ns or hereatee~ ma~1e, shall be ~n rr~t~n~ ~nd sA~l) be a patt of tA~s mort~~~t a~reement ~
I a+ tully aa thou~h sct fdth retb~bm htre~n and shaU ~orern bo~h paraes hereeo and the:r succeasors and ass~~ns. No lien upon sny of ~
' snd pol~c~e~ of ~n~uunce or upan sny refund w rewrn prem~um sMcA m~y Ae p~yable oo SF.e cancellat~oe or termm~UOn thereof, ~Aall ~
` be ~Yen ~o othei ~Aan the Mor~ a ee, eace t b r endor~emrnt aft~aed to such ol~c aod • ~a~et. EscA pol~~y ~~1
i i t ~ r 0~~ D Y DD~ovcd by Ma~
msurance sh~11 hsve al(ued therNO a Sundud Ne~ York Mort~a~ee Cl~use r~thout Cont:~Duuon, makm6 all losc ur losse+ under weh
D~I~~Y D~Y~h<< ~lur~~a~ee as ~~s ~meres~ msy appear. In the event any sum or sums ot money becume payablc ~hereunder ~Ac ~tnrs-
R~~ce ~h~ll Aavc the opUon to rece~.c •n0 spp1Y the s~Te on accoum of Ihe ~rtdebtedness hereby ~e~ured, w to perm~t ~Ae \lrntfa`~~•
to rc~e~ve and u~e ~t, or sny par~ therco(, w~~Aout thereby ra~v~n~ cr ~mpau~ns any tQu~ty, I~en, or ri~At under snd ~y v~t~ue ot ~h~~
m~w~~~se. (n evcm of los~ ut phys~c~I d~maic to Iht mor~~~E~d proctrt~ thc \Iort~sEw shall R~vt ~mmcd~~tc nuh~c tAcrcnl b~ -~;I
~hc ~IurtRaRcr .n.! ~Ac ~bxi~~Re~ m~v m~kc pr~„~( ~~1 I~~.. ~h: ~~Tf i. nur m~Jr prompttti ~y ~hr \turtE~~a_ In e~rnt ~~1 f~KC.l~~.ure ~.t
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