The URL can be used to link to this page

Home My WebLink About0552 lROVIDED, ALWAYS. that if the Mortgagor shatl pay unto the Mortgaaee the indcbttdncss evideaasd by a otrtain ~ ~~r ~Ne of which the following in words and figura is a t~ue copy tawit: } ~ ` s ZZS . oo ~a'~t~`e9` 'x°t` ~ : s ~ Fort Piercg, _ Flunda~~Y~e~ . LZ.~ . ~ i9 .ZL E!; t~ FoR Y11t.U R~c~ Iv j)~ I J~HN DOU~LA prum~x tu pa~. ~ ; to tee .•rde~ ut - i~ - ctie prnc~a! wm ot FIVE THOUSAND ONE HUNDIZFj~~ .ENTY-FTVF___-_-Nn/1QQ _~)n~ ~ qR~ sogrtbcr ~r~ interest theteoo from date at the rate of ten percent, per annum until matu~i~~, hoth principal and intcres~ bei~K ~ ~ pa~abie in Iarful money uf the United States at 2244 Biscay ne Blvd., M iami. Fl~nda, ~~r at such i~ther place a~ the holderx here~~( i ~ 4 a~? .1ts+~n:te in writing. Principal and intcrest pa~~abie in in~tallment~ as (~~Ilc~v?s~ ~r t~ Ci~~ NUNDRED FIFTY ($150.00) DOLLARS per month beginning on the lSth. ~ day of January, 1978, and continuing on the 15th. day of each and i~ every month thereafter until paid in full, ~ si , Tass 8o~e m~Y be prcpaid in wAokor in part at any time upoe payment af a penalty eyua! to e~ght perce~t ot the pnncipai xum prepad F_acl~ ntitatlment pa~m~nt •hall be ~•n~d~t~d (~nt un th~ int~r~at dur, and th~ ~ema~ndrr un pnnc~pal, and ~nl~r~~t -hall Ih.•?.- f; ypoa ~ra.r ~pun the pnnc~psl w ct~d~t~d. Thr wu?en snd ~ndas~n of th~• notr furth~r sRrr~ tu ..a~v~ drmand. n~d~c~ of nun-pa~ m~nt and prut~•t, and ~n th~• ~~~nt •u~1 -I~aM k bta~t for the ~oll~~tion h~r~oL ur lh~ .ame hs.. lu br culk~ t~d upon d~mand u( ao attwn~y, tu pa~ r~awnabl~ ~It~unr~ . t.r- iw a~ai?u~ such rdkctwn. ~ [/.f~ned pa} ment~ h~rrundrr .hsll b~ar ~nt~~~>t a1 th~ rat~ of ten prr~~nt p~r annum (rom matunt~~ untJ pa~u i~ 7bu wte ir xenerd by a mortayt~ ot even dste h~reM?ith ~nd is to be conatrued and enforced xrord~nR to the I~w~ ~~t th~ ~we o[ fl~osida: upon defsutt ~n the~ ps~•ment of pnn~ipal andlo? ~ntcr~at whto due, the whd~ wm ~t enm ipal and ~M.r~•t ; e.~w~a+e~ ~wpard shall. at th? option of th~ hulden. br~~~me immediat~l~~ ue anc} paYaWe. ' r ! i C`~ ~-t` - Za"!~~ ~ u-- (`t.-\t.? - . J ~ ~ ad siail pertorn~, comply with aad ab+de by each and evrry the stipulations, agreements, rnnditions and rnve~auts of said prswi$orY notr and of this deed, then this dced and th~ estate thereby created ~i0 cease and be nul) and void. , . 1. ~e Mactp;or hereby covenwts and ag~ees: • - ta} t~ p~ ai aad siaaular the principal aod intrrest and other sums ot money payable by virture ot said promissory note and thia deed, ~r dt~, po~tly un the days respectively the same severally bemmes due. ~D? To permit. commit or wffer no waste aad to maintain t6e improvements at all times in a state ot sooJ repair and condition, and to do or pereit to be doee to said pemises nothins thst wi11 altet or chanae the use and chuactet of ssid propMy or in any way impair or •.eakew the securit~ ut this mortsage. And i~ case of the tefusal, ne6lect or inability of the Mo~t6a6or to repair and maintain said property, chr Moaga~ee may. at his ~ption, mske such repain or cause the same to be made, and adrance moneys in that behalf. ~:1 To pa7 atl and vngulu the ta:cs, assessmcnts, levirs, Iiabilitics, aod obligations of every nature on said described property each anJ e~en ,.rOra doe anJ'payabk accordina to law, before tAey become deGyurnt, and to deliver to the Mortgagee on or betore ~larch I Sth of cs:A ~ar ta~ rccripta evidepcing the paymrnt of all lawfully imposed tazes for the preceding calendar year;to indemnify the Mortsa6ee upoe Ais dimand" for all tues, assessments and charges that may be asxised upon this mortga6e on the indcbtedness securtd hereby, and Dj~ b~ tbe mortg~;et, without reaard to any law heretofore enacted or herqfter to be emcted imposing payment of the whole or any part t6etcot upon the Mortga6ce. 1S1 Io par ag and singulu the costs, charges and expenses, includin6 lawyers' fees and abslract cosis rqwnahly incurred or paid at any nme Dr tbe Mortgagee becaux of the failure on the part of the 1?tortgs6or to perform, mmpty with and sbide by each and every ths xipulat~om. ~renmrnts, conditions and covenants of said promissory note and this deed, or either, and every such payment shall bear ra[eresi tro~n Sate at the nte of tep ( t0~) per centum pet annum. ~ !ei tt a further conv~runted and agreed by said parties that in the event of a suit being instiwted to foreclose this morisage, the Mott- ~ee s1uY he ent~tled to apply at any timc pendin6 sucA foredosure wit to the rnurt haring jorisdiciion thereof for the appoiotment of a mener of :0 and sugular the mort6ased property, and ot all rents, inmmes, profits, issua and revenues thereot, trom whatsoever wurce demcd= and thcreupon it is hereby expressly oonvenanted and a6reed that the Court shall iorthwith appc~int sucfi receive~ with the a+uai punas and duties of receivers in liice cases: and said appointmant shall be made by ihe mart as a trutter of striet riaht to the Mort- ~ie, aeQ ..itlwut reference to tiu sdequaey or inadeqwcy ot the value o( the propMy hereby mort6aged, ot to the solvency or inwl- ~ea.7 of the 1MortEagors or any other puty defendant to such wit. The Mortsa`or hereby specifically waives the right to object to the apprnntmen[ of a receirer zs aforesad and hereby expressly mnsents that wch appointment shal! be madt ss an admitted equity and as a maccrr of ~bsolute nght to the Mortgasee and that the same may be done without notice to Ihe Mortgaaor. tn lt toreclosure pr«eedings should be instituted a6ainst the property cove~ed by this mortsase upon any other lien ur claim whether aikael to be supenor or junior to the lien of this mortgage, the MortgaEee may at his option immedistely upon instrtution of such suit or 1orw~ tde pemlencY thereof declare this mortga6e and thc indcbtedness secured hereby due and paysble fonhwitD ar~d msy at its oplan pnscee.i t.~ f~reck,x thit m~xtsage. t~) T~at tAe Mort~ta6or wdl kcep all raal and personat property now or hereafter encumbered by tde lien of this mortgage insured as may !~e reyurrd tmm t~me u~ time by the Mortgagee against bss of Tire, windstorm and other haurds, casualties and contingencies for such prctii.is and iur not kss than wch amounts as myy be reyu'ved by 1he Mort6agee and to pay promptly whrn due all premiums tor such u?sffia~ce. Tt.e amounts ot inwrance required by the Mortga6ee shall be the minimum amouots tot which said insurance shall be written aa.1 ~e shae De incumbent upon the ~fortgaaor to maintain such additional insunnce u may be necessary to meet and compty fully wilh att oo-~awcs rcquirements aonta~ned in said policies to the end that ths sai~i Monsa;or is not s co•insuror thereunder. Imurance shall be MT~I(!9 A~ a.umpany or mmpanies approved or desi~nated by the Mortsaaee and a0 policies and renewals thereof shall be held Dy the ~rt6a~ee. All dcuikd designations by the Mortgagor which are accepted by Ihe Mortga6ee and all agreements betw•een MortEagor and ~Rnrtsa~ee retah~ to iasunncr, now ezislirea or hereaRer madr, shau be in writinE and shall be a part of tAis mart~e agreement as fully is tMu~A x1 forth rerbatim herein and shall govern both parties hneto and their successors and assigr~s. No lien upon any of said policies nf w+iraace or upon any refund or retu~n premium wh~ch may be payable un the cancellatiun or termination theteof, shstl be given to ocher tAan the ?eMrtga6ee. except by proper endorsemrnt affiaed to wch policy ~nd appmved by Mortaagee. Each policy of insurance +i~1 lu•e affiar.i thereto a Standard New York bfortgasee Clause withuut ConlriAution, makin6 all bss or bsses under such policy pursTsk to the M~~nE~Eee as rts interrst may appear. lo the event any sum or sums ot money hecome payable theteunder the Mort6a~ee sAal pa.e ttx nptu~o tv rcceeve and aDp1Y the samr on account of tbe indtbledness haeby secured, or to permit the Moi~tga6or to re- cebc amf ux it, or any part thereot, w~ithout thereby wain~ or impairin6 any equity, lien, or risht under and by virtue of this mort pec Is c.ent of M~ss nr ph~sical dama6c to the mottga6ed property Ihe Nort6a6or shatl give immediate notice thereof by mait t~ fhe Mo~t~a~re•an.! tAt ~Iortgaaee r»ay make pre~of of Iriss if the same ~s not made promptly by the Mort6a6or_ In erent of forecbsure of ~ B~L~ 278 F~~f 551