HomeMy WebLinkAbout0127 PROVIDED, ALWAYS, that if the Mo~tgagur shall pay unto the Mortgagee the indebtedness evKlenced by ~ oertain
promissory note ot which the following in words and figures is a true copy to-wit:
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~ S 3. 325 .00 F4~~~LSS: Fl~,rida ~u_1v 26 . 19 ~1.$_
~ FOR VALUE R~CEIVEI) WE i_
o~intly and s8ver811y promisc to p~y
to the urder of HENRY V. KI.FIN AND F,ST~IF.R J. ~EIN_, }~IS lti'TFF. _
the pri,~:ipal sum ot THREE TN011SAND ~HREE HUND~D TWENTY FIVE -------NQ/1Q0 ppL~~,
€ together N~ith interest thercon fron~ date at the rate of ten percent, per annum until maturity, both principal and interest beinY
~ psyable i~~ law~ful mu~xy of the U~iitcd States at 22-fa 8iscayne Blvd., ~liami. Floriela, or at surh uther plu~e u the hddets he~eof
may designate in v?~riting. Principa) and in~erest payable in imtallments as folluws:
~ EIGHTY ($80.00) DOLLARS per moi~th beginning on the lSth
~ day of October, 1978, and continuing on the 15Ch day of
~ eacl~ and every monrh thereafteruntil paid in full.
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71?is nute ma~ t~c prrpa~l iu ..hdc ur in parl al an~ tim~ upon pa~ mrnl oi a penally e~p~al lu ei~t percenl o( fhe principa) sum prepaid.
+ E Fach installmrnl pa)inml ~I~all br crnfit~d finf u~? Ih~ int~resi c1u~•. :nd !hr re~tnaiii~kr un pritMipal; and inlerat ~hsll lhereupoe teaa upon
~ ~ , the p~iocipd w eredited.
~i~ 'll~e maken and enJo~srra nf thi. nulr furlh~r a~ree to wair~ den~and, nutice uf pa~mrnt amt protest, and in the evrnt wil atall be brau~t
i l for the edlerti~x~ henr.f, aK lhe ~amr has tu Ix cdlect~J up~N~ Jcu~and of an at~orne~, 1~~ pa~ rraK~naWe alturney's teey [or mahin~ such ~dlectioa
Ik(ernd pa}men~s hrr~•uodrr .hall bru int~~~st at th~ rit~ of f~n perr~nt prr numm Iruu~ malurity unlil paed.
r C ' This nut~ iF secured b~ a morleaKr uI ~~rn dale herrwilh a:~d r lu br cunstrued anJ onlurced accurding to the law~ of Ihe Slate ui Flalda; upun
; defauU in Ihe pa)mrnt ui ~.~i~w•ipal and'ur iuhYr.t Nhra du~•. 11~~ wh~~l~• u~m uf pnn~ipal aud int~re.t rrmainus~ unpaid xhatl. at the uption uf the
+ ~ 6ddera, uea~me immMliatel~ dur ~u:l pa~ able. • .
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Prcparcd b~ $tanley fl. ~pirlrr. Vt~rn.•~ •'3'3lU 1ii.ca~n~ It1.~1.. ~tiami F7~Kida
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and shatt perform, compiy with and abide by eac~ and er~ry the stipulations, agreements, conditions and rnxtwnta of
s:id promi~ory note and of this deed, then this deed aod ihe estate thereby created shall cease and be null and void.
1. 7'he tilortgagor hereby covenants and agrees:
(~1 Io pay all and singular thr prinripal and ~ntrrr.t and othrr iums uf munry payahir bp virturc ut ~aid prumiawry nutr anJ this JreJ.
ur rithrr, prumptly on thr days rrspertively thr umr srvrrally hrcomes dur.
Ib? To prrmit, cummit or wftrr rw. H~a~tr rnJ tu mainta~n thr improvements at all timrs in a state uf guoJ repair and cunJitiun, and to Jn
or permit to hr dunr to saiJ prrmisrs rwthing tbat will alter ur change thr usr and charactrr of said property or in any w~ay impair or
~+taken thr se.urity of this mortgage. And in casr of thr rr(us~l, neglect or inability of the Mottgagor tu repair and maintain saiJ proprrty~,
ihr \lottgagre may, at his option. makr such rr~in or causr thr s~mr to br ma1r, and advancr monrys in that behalf.
(r) Tu pay all arid singular the taxes. ascescmrnts, le~ies, IiabilRirs, an~i ubiigations of every nature on said Jrxrib~d pruprrty each and
r.rry ~~han dur and paqable accorJing tu l~w, brture thr~~ herume drliyurnt, and to delicrr to thr ltortgager un or before ~larch 1 Sth uf
rach yrar tax cecriptc evidencing thr payment of all law(ully imposrd taxes for lhe precrJing calendar y~rar;to indemnify thr Mortgager
upun his demand for rU ~a:as, assrssments and chargrs that may be a~c@ised upun this mortgage un the indebte~iness serured hereby, arut
paid A}• thr murtgagrr, aithuut trgard to any law heretoforr rnactrJ ur herraftrr to he enacted imposing payment of the whule or any
part thereuf upon thr Slortgagrr_
(d) lo pa~ all and singular the coits, rhuges ~nJ exprnsrs. including lawprr~' tees and ahstract a~sts rrasonably incurred or paid at any
timr hy thr ~lortgagrr hecautie uf the Failurr uu thr part ed thr \~ortg•rgor to prrfi~rm, cumpl~ .vith and •rbide b~ rach and ra-rry thr
ctipulahuns_ agrremrnts, c<.nditeons and cos-rnanR of ~aid prumiswry m~te and this derd, nr rithrr, and rvrr~~ such payment shall bear
inlrrest frum datr at Ihe rate of tep (10':) prr crntum per annum.
(e) It is turther .-unvrnantrd and agrerd by saW partirs that in [he e~ent o( a wit bring institutcvl to~forecloir this rtwrtgage, thr ~1urt-
gagrr shall hr entitlyd to apply at any time prnding wcG furrclosurc suit to the ~~urt having jurisciiction therruf far the appointmrnt of
a rtcrivrr of all and singular the mortgaged prope~ly, and of all rints, inmmrs, profits, issues and re~-enuaz thereof, from whatsoever
wurcr deri~•rd: and thrreupun it is hereby ezpress{y cvnvenantnl anJ aEreed that the Court shall torthwith appoint such recrirer with thr
uewl puwrrs anJ dutirs o( receivers in like ca~rs; and saiA appinntmrnt shall be made by the court u a matter of strict right to thr !lfott-
gagrr, and N~ithuut refrrrnce tu the adryuacy or inadryuac}• of the valur of thr ptoprrt}• hereby mottgagrd. or to the sulvency or insal-
vtncy of the \fortgag~~n or an~~ ~Nhrr part~~ drfrndanl tu such suit. Thr ~lortgrgor herr~y cpecifically «ai~~ns thr right to object to the
ap~u~intmrnt nt a rrcri~~er as aturrsaid and hrrrby exprrsslp cunsrnts that cuih ap{4~intmrnt sh~ll be rroade as ao admiitrd rquity- and as a
mattrr of abwlutc right to thr ~fortgagee anJ that the same map be Junr ~vithout nutice to the \fnrtgagut.
(f) If tr~recluwre procerdings shvutd br inctitutrJ against the pu~prrty covrrrJ by this mortgagr uExm am• other lien or claim w~hrthrr
allrgeJ to Ar suprrior ur junior tu thr lirn uf this mortg:?gr, the ~lottgager may at Ais option immrdiately~ up~n institutiun of surh suit or
during the penJrncy thercoi dectarr this mnrtgagr and the indrhtedness secured hrreby dur anJ payrblr forthwith rnd ma~ at ilti optiun
procrr3 tu tnrecbse this murt~age. -
(g) Tbat thr blortgagor wiA keep all real anJ prrs.~nal properly nuw• or hrrraftrr enrumbetrd hp thr lien ut this mottgage insu:ed as may
hr rryuired hum timr lo timr by the \turtgagrr r¢ainst Inss uf fire, ~~ndstorm and othrr hacrrds, :asualtirs anJ cuntingrncirs fnr wch
prrp~ds and for not leu than such rmuunts as may br rryuirrJ by thr ttortgagrr and to pay promptty whrn dnr all premiums for such
insurancr. The am~>unts of insurance rryuired by the \lotigager shall he thr min~mum amounts for which said insurance shall be written
and it shall be ~ncumbent upon the Mortgagor to maintain such aJdilN~na1 insurance as may br nrcrssary tu me~t and comply fully with all
m-~n~urance rcyuir~ments conlained in said policies to thr end that the said Mortgagor is rx~t a co-insuror thereunder. Insurance sfiall be
w-ntten by a cumpan~ or cum~unire appro~rd ~~r de~lgnateJ hy thr ~1~~rtgager and all p~Iicirs and rencwals therrot xhall be held hy Iht
~tn~tgagre. All deta~IrJ JrsignaUons b~ the ~turtgagur ahich arr accrptrd b} thr \I~~rtgagre and all agrerments hetN~ren Mortgagor and
~tortgagrr telat~ng [o insurance, nuH rtiistiag ur herraftrr madr, shaH hr in N'f1I1R(C :ifT/~ shalt hr a part vt this mortgage agreement as fully
ac though ~r1 fnrth verhat~m hrrein and shall gu~rm M~th partir~ hereto and thcir wc.cssurs and as>~gns. No lirn upnn any of said pulicies
of incurance or up~~n rny refu~od nr rrturn ptrmium w~hich may be pay:~hlr nn the .ancrllatiun ur trrmination thrreof, shrll be gi~en to
othrr than the ;tt~irtgagre, ra.rpt b}- prnprr rndurcrmrnt affixr~} to such poliry and approrrd by Mortgagee. Each polic}• oi inwrance
shall have af(iirs thrrrtn J SfJO/I:l['I :~1CN ynrk ~1~~rtgager ('laux Nithuut C'~~ntrihutM,n, making all M~ss ur k~ssis under such p~licq
~uyahlr tu Ihr ~lortga~ccti .~ti n. mtrrr.t mag appcar. In thr rrent any wm ur sums ~r( monry becumr payahlr thereunder the Nortgagre
~hall ha~r thr uptiun to TeCel~'r anJ apply thr ymr un acc~,unt uf thr iodehtedne~s herrb~ securrd, nt tv {~rrmit the 1lortgagor to te-
crnr anJ usr il. ~~r any par~ thrreuf, without Ihrrrh~ waiving ur impairing an~ equity, litn~ ot right undrr anJ by ~irtue uf this murt-
grgr. In r~rnt of k~cs ur phys~cal damrge thr mort~agrJ prnprrty thr A1~~rlg•rgor'shall givt immrdiate n~rticr thrrev~f hy mail to tlie
St~~rtga~rer anJ thr \lnrtgagre ma} m~ke pu~nf loa~ if the vmc ic nvt madc prnmpily hy Ihe ~1i~rtgagor. in r~•rnt of foreck~sure of
. ~ ~ 292 F~~E ~.27
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