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Home My WebLink About0421 ~ 1 . ~ : e . , . ~ PROVIDED, A1.WAYS, that if the Mortgagor shall pay unlo the Moztgagee the indebtedness evidenced by e ~ certain promissory note of which the tollowi~g in words and figures ia a true copy to•wit: 4 , l ~~p~.pp FORT LAUDERDALE, FLORIDA MAY_ 10 . 19~'~ ~ F~r value rereivrd, I or Wc•, promise to pay to the order of C~I+ B• a~8te• ; ~t~r ~nn~ipal sum of_T_w0 THOU3AND SEQENTYP'IVE AND N0~1 Dollars. i 52~0?5~pp together witl~ interest thereon from DATE . :~t ~hc rate of TEN prr cent per annum until maturity, said principal and interest being payable as follows: ~ 50.00_on thr day of ~1UNE t 1977 , and S 50•~ , on the 15 day ot ranc ~onsecutive month thereafter until PAID IN~ FULL ?~w~E~4~ Each payment of S 50.00 , shall represent payment ~ ~~t ~ntcrrst and principal, and shall he credited first toward interest and the remainder toward principal. The maker a~rce~ tliat if any installment hecomes delinquent, the holder shall have the option to demand payment of the rntire unpaid balance then duc and owing, togethet with accrue~ interest thereon. This nate may be prcpaid after one ye~r. and thereafter ~t a penalty of Eight (8`~) per cent of the unpaid balanre. ~ Eaeh nuke~ and eadoner severdly ~~Wes demand, protdt ~nd noUce o/ m~tuntr, non~p~tment ot prote~t ~nd ~11 rev~~Rment~ neeeuarr to hnld e~eA at Mem I~able ~ maken u~d endonen. EaeA maker and e~+doner turtAer a~eees, )ofntlr ~nd ~ererally to p~x W eost~ of eoUecdon, lneludi~ ~ re~wnapl~ Atbrnery tee fn eue tAe prlneip~! ~t thu notr or snr patment on the Dnnnpd or any ~nt~te~l thneo~ ta not pud at the respeel~ve nuturitl lheeeot, ot in c~se it Meow~e~ neee~ary to pr~teet U?~ seeurity hereot, ~hether suit be brousht or eoa. ? This m+te and detened inter~ ~~ZTent~ ah~ll be~r fnterest at tAe nu ot V~ per e~nt per annum fton+ aatutltr untU PNd. Thb note is seeuted b> •_IZ ~ti_ mort~a~t o! even d~te A~ee~ith and is to be eonstruM ~nd mfoeetd ~eeordin~ to the I~ws of the State ot Fl~~nda, up~.n Aetault in the p~rment o~D*~~~DV /or ~ntetM due on anv note seeurtd b1 wd Mori~a~e, W nottt w Ma+ttd md eemdnU~~ ~npud ahall fnrthw~th Aeeom~ due ~nd D~1~~1~ not+~thstandln~ tAefr te~o~. IS6AL1 f a Lucy L. Crooke ~sF~~~ ~ and shall perform, comply with and abide by each and every Lhe stipuletions, agreements, conditions and covenants j of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. ~ f 1. The Mortgagor hereby covenants and agrees: lal To pay aU and singular tbe principa! and interesl and other sums u( cnc,ney paYaWe by virtue ot said promis.gory note and this deed. or eitha. promptly on t he days respectively the same severally becomes due. { 1 b1 To permit, commit or suffer no waste and to maiatain the improvements at all times in a state ot good rcpair end condition, end to do or permit to be ~ done to said premises nothing that rrill alter or change the use and charatter of said property or in any rvay impsir or wealcen the security ot this mortKage. And in csse of the refusal, negkct or inabiGty ot the \fortgagor to repair and maintain said property, the ~tortgagee may. at his option, malce ~ such repairs or caux the aame to be rnade, and advance money3 in that behalf. ~ 1c1 To pay all and singulu the tases, ss~ressments, levies, liabi6ties, and obligation~ ole~rn• nature on s~id d~cribed property eac6 and erery when due ` and payable aceording w la~. before tUey beeome delinquent, and to deliver to the !1lortgagee on or before 1ltsrch i5th ot each year tu receipes ~ e~ideneing the paya~ent ot ~U lapfully imposed ta:es for the preceding ca{endar year: to idemnify the ~tortgagee upon his deme~ for all tauy. essess- ments and charges that ma~ be as.ses.xd upon tAis mortgage on the indebtedness xcwed hereby, and paid by the morgagee. w ithout regard to any la~v ~ hereW(ore enacted or Aaeafter to be enscted imposing payment ot the wrhole or any part thereot ~on the Mortgagee. ld1 To pay s0 arsd singular the co9ts, cAatgee and expen.ra, including lar~rrs' fees and abstratt costs reawnably inevrred or paid at any time by ihe ~turtgagee because of the (ailure on the pert ot the ~lortgagor to per(orm. comply writh and abide by each and e~~ery the stipulations. agreements. conditions and c~~rnants of ssid promissory note and lh~s deed, or either, and eaery such payment shsll bear interest from datk at t6e rate oi ten 110°'t i per centum per annum ie1 It is further rnvenanted and agreed by said parties that in the tvent o( a suit being imtiWted to forecbse this mortgage• the ~tortqagee shal) be entitled to apply at any time pending such foredosure suit to the oourt Fuving jurisdiction thereot (or the appoinunent o( a receiver ot all and singular the mortqaged Proprrty. and o( all renta. incon?en. proCts. issues and revenuea t4ereot. trom ~rhstsoever eouroe derived: and tlkreupon it is hereby e=presslY rn~•enxnted and agreed that the Court ~haA (orth~rith appoint such reaeiver writh the usual powa~ and dutie~ o( reeavers in like caxa: ud aaid appoint- ment shall be made by the eourt as s meuer o( strict right w tM ~tortgagee, and without refere~e to the adequacy or insdequacy of tlx vslue of the pro~ percy hereby mortgsged. or w the eoh•ency or insolvency of the Mortgagors or any other psrty defendant to such suit. 71~e Aiortgagor hereby specif- ically waive~ the right w object to the ~ppointma~t of a receiver sa atoresaid and hereby pspressly oonnents ttut such apQointm~t shsll be mede as an - admitted equity and as a cnatter of absolute right co the Mortgagee ar~d Ilut the s~me may be docie witbout notice to t6e Mortgagor. = 1t1 If kxcrlocure proceedings should be in~tituted against the property covered by thi4 rtwrtgage upon any other lien or claim wrhether alleged w be su nor rx unior to the lien of this mort the Mon may at his tion imrt~ediatel u n in~titution o( such suit or duri the ndency thereof ~ Pr ) BaEe• ReR~'e ~P Y Po ~R Pe declam thi~ rrxK1 RaKe end the indebtedness set~ued hemby due and payable forthw ith and may at its oplion proceed to foreclo3e this mortgage. ~ 1 R17'hat thr \1ortKaRor witl keep all real and penonal propertY now or hereaher eocvmbered M+ the lien of this mortgage insured as may be required from time to time by the \lortp,agee apinst bss by fire, xindstorm and other hazard.+, casualties and contingencies t~ such periods and tor not less than ~ wch amounts as may be rrquired by the ~lortgaqee and to pay promptly w~hen due all premiums for such insurance. The amounts ot insurance required ~ b~ the Norgagee shall be the minimum artaunte (or xhieh said insurance shall be wrritten and it sha116e incumbent upon the MortRagor to maintain such ~ add~tiona) ituurance as may be r~eceswy to meet and tomQly fuUy w~th all co-insurance requirem~ta oontairrd in said pditxs to the end that t6e said { ~ ~lortqaisor is not a oo-iasuror thereunder. lasuranre ~Full be wrilten by a c~!mpsny ar mmpanies ~pproved or designated by the Mortgagee and all poli- ~ ~ cies and renewals tArreo( ~hall Ae held by lhe Nortga~Cee. All detailed designatio~s by the Nortgagor ~rhich are xcepted by the Morigagee and all agreP ~ ments betv`ren ~1ortRaqor and Noriy,aKee relating to insurance, no~r existing or hereafter made, shall be in writing and sha0 be a part ot this mortqa~Ce ~ aKrmment as (dly as though set torth verfiatim hc7ein and ahall gor-em both partie~ hereto and their sua~eseorx and ass~a No ~w upoo any of said : policirs ot ir~urance or upon am• refund or return premiwn w hich tnap be psyable on the cancellation or termination thereof. shall be gi?'en to other th~n :.ke ~1~xtgagee, e:cept by proper endursetnent affiied w surh policy and approved by alortgagee. Each potity of icuurance shall have af6zed thereto a ~ Standard tiew York Mortga~ee Uause w~ithout l'.~ntnhution. malung au loes or las~es under such polxy peyable to the Mortgagee as ~ts intuest may a~ ~ear. In the eveM any ~um or sums o( money beironx papable thereunder the titortgagee shall have the option to recei~~e and apply the aame on aeoount o( the irdebledness heteDy xivred. or to pennit the A1urt.~CaKrx to rereit e end use it. or any part thereoi. without thereby wuving or impairing any equi- ti, lien, nr nght tmde~ and by virtce of thu rtartgaqe_ I n event of loss or physical dsmaRe to the mortgaged property the Mortgagur slul! give inutrdiate 8(~G!(~~i7 PACE ~z~, ' ~ , ~ -