HomeMy WebLinkAbout0579 ~wsEo
323.252 8125'7 4;~:368 r
Jun~. 197]
~ ~ ~~t~#pr ~nx~~~c,gp
rnis wo~ca?oe oeeo. •x.nn.a m. d.y a • Is •
pirty of tM~t
nt part. Mhinsh~r ulNd tM "Mort~ aso?". whicA t~rm as us~d in ~wry insts~u. sA~ll incNW~ tM Y s Mirs. sa~cutws, admin-
att~~rs. succ~sw~s. 1Ks1 np~~t~tiws ~~d auf~ns, ~kMr voluntarily br ~et of tM p~rtMa. er i++rolunq~iq Oy optrsl of Iwr. ~nd sh~ll d~rate
iM ~i~~ ~ndJo~ {~iu~ai. and iM nusculir?~ ~nd!« ruwinin~. and n~tursf and/or sRit~cii2 ps~s~+s. wrlss.~srsr ~+d ~Asim+ t!s* carttact so vtres o+
admiN, a~d 815CI1YNE FEDERAL SAVINf33 ANO LOAN ASSOCIATiOM, ot M4m4 Florida. • wrpwatbn ~,isti~ und~r tM I~s a ~M UnitN~t~t~s a
Am~rica. WrtY of iM s~cond WA. MninaR~r cdNd th~ "Mwtp~". vrhkh t~nn ~s ~ts~d in ~w~I? M~st~rc~. sAsll includ~ tA~ Yort~s~N's succtasas.
Npl r~pr~s~ntatiws and ~atiaa. - '
~ WITNESSETN. th~t for diwn ~ood ~nd w1u~W~ coosld~rstbns. •nd ~Iw In oonsid~~tion W tM ~ps~h wm nan»d 1n tM pron+aso+Y not~
of ~wn d~t~ Mrwrith. Mninak~r d~acriWd tM pW Yort[iQo? dws Sr~nt. As~in. sNl, a1i~n, ~m~~
~ ~~ii
wti i~n
Mo.tp~ In tw simpl~, dl tAat e~Rain n~~ ~sat~ of whkl~ tM uid Mo.~tsto~ iww s~1s~A a~+d
Counb. Sbt~ d Flwida. d~scrib~d ss folloirs:
~ (OOCwn~ntsry sWnpa ~ffia~d lo ori~inal Nob ~nd utKell~.
To~ th~r with all struetuns and imprw~ma?b raw and MnaftK on saW rwl qtaN and tM (i:tuns ~ttacMd MaNO. ~1so M~W~r witl? ail
~ and sin~u lar tM t~n~mMts, h~ndfUm~nts. wa~m~nri ~nd appurt~n~nc~s tM?weto ONo~M~. w in any ~ ~ppMsHi~ a~d tM ?~nn. ~ssws.
~ and pro(its tAe?~of. ~nd slso sll tM ~staH. ~A~ tkle. i~t~nst ~nd ~II clakns and dNnands whaqo~v~r. ss wsA n Iso ss in puitll. d said Yat-
~s~or in s~d W tM qm~. ~~d ~wry paR ~od parc~l tMr~of. and ~Iso sll s u+d ~Nttric tintuns. rad~stws. MtM~s. ~ir tond~ pulpm~ft•
of p
msehin~ry. DoiMn. r~n~s. Nwaton and motors, batA tuDs. sinks, wst~r elos~ts, wat~r bssM~s, pip~s. fsYab. and o1ha~ 0~?b~ Mstie~ Ta-
tuns. manMls, nfri~ratin` planb snd ia boa~s. window Kn~ns. seran doors. wr»ti~n Winds. storm slwuas ~rd srmY~s. ~nd sll additions ~nd
c-~ nptac~m~nts ih~nto whkh sh now a may Mnatt~r p~rt~in to or b~ us~d with. in o? on s~id pnwnb~s. ewe Ma~ tAe~l a d~acMd p d~ta~?-
aEl~. ~h u~d shall W dNm~d to ~ flxturp and acc~ssions to tM f~hoW and ~ p~~t of tM walq
TO HAVE ANO TO NOLO tM umw to~ihv with tM ten~m~nts. I+K~ditama+b ~od'appu~tawic~s, unto tM Yort~a~ i~ h~ sinpM.
~ ANO tM Mort~csor do~s townant with tM Miwt~~~ that th~ Monas~w is ind~tusiby sei~d of s~id nai ssbt~ in f~e sienOM: tASt tM s~d
~7 Mort~sgor h~s full pow~r and lawful ritht to eonwy safd nsl estst~ i~ i~~ simpN ss ~fw*ssW: tl~at R shaM b~ t~whd tw sa~d Yortiape. st sll
tim~s, p~acqbly snd qui~tly to snt~r upon. hold. occupy. s~d ~~joy said rq1 qtaM: that tA~ safd lu~d is fr» from a11 ~ncumbanc~s; tMt ssid
~y Mwt~sYw will maka tueh tuM~r assu~s~w to part~ct tM fe~ simpit tltN to s~id ~al iWb in s~id Yorttasw. ss rnsy ?WSOnsWy b~ ~puind:
and tA~t pW MortQaQor da+s h~nby tully warrant ttN tltN oi s~id hal ~stat~ and wUl d~hnd tM ssrM apimt t~e lawful cl~ims of sH P~rso^s
~ whomse~wr. _ .
NOW. THEREFQRE, th~ eo~dkioh of this mort~a~ is such tAat H tM Mwtsstor shsu wNl snd truly p~r wMO tM lilortta~ tM ind~bdn~ss
evid.nc.d by teat cestsk~ p.-omt;sa~r rsote. a evsn asce nsrewicn. s^a^= ~y s~++ lAo.t~o. e^~ o3s'~'looU
Ns~~ in m• ~~e
with in0~nst ~s thenk~ staqd. aod sAsll p~riwm. oanply witA snA abid~ by eseh aad wsry of ths stipuqtions, st.~a.wnta. conditions snd cownsnts
contain~d and stt torth i~ thb moetsa~ snA in tM promissory oot~ s~cur~d herNy. tMn this mortsap snd fM ~stst~ Henby e~pt~d sAsll pas~
and 0~ null and wid.
MID tM sald Mort~~so? do~a covrn~et ~nd a~rtr.
1. To ptrform, compty with snd aDid~ Ay ~ach ~nd every oi the stipulations, a~rearneMs, conditiau ~nQ cwsnants ~n ss~d O~om~ssory nota
To pay all and s~nQular th~ principal snd int~r~st snd oth~r sums of mo~ey paysbNpy virtu~ W ssid pwnitwry note srd/o~ tM provisions Mrein.
promptly on tA~ d~ys r~spettivety tM sam~ swenlly Detome due. TAf mstuMy of ss~d promGSSOry ooN mar b~ more ti+an twentr (201 yea~s from
the date hereot and, ii this morlQage hss not bse~ sstis(ied oi r~co?d withi~ tw~nty (ZO) ~Sa~ from tM daM 1+e~eof, sN persons sr~ pINO upon
to inQuin ot tM hold~n of thb mo~s~e cw+c~mir?~ maturity.
2. In ord~r to more tully prot~tt th~ sscurity of this mort~s~s, snd to ssw~ tM parrt~snt W u~tain oL~i~ations relsted to tM mo~spd
property, th~ MortgaPOr, tog~the? with and it~ sddition to tA! monthly paymentf und~t tM t~rms ol the not~ s~cured her~bp. on tA~ ps~men t datts
of tM sab nole and until the said not~ is tuily psid, shall ps y. to the IiRortQsYa~ monthly in ~dvanc~ tM puivalen! of one-trrelfM (1/12) of tA~ an
nwl pr~miums that will n~xt b~eo~n~ dw and psyaDM on pol~ci~s ot life insursnc~. tir~ and ottxr nusrd insursnce corern~ tM morttspd PfoD
erty: t~x~s snd ~ss~ssments r»Yt due on tM mortsa`ed propertp: snd ot:~~r chsr~s upon tM nsl estste secwiryZ t1~e 1os~ a1! as ~sirrut~d b~r the
Mort=aee~, so as to e~able tM MortYs~ to pay sucA chs~es ss tKey Mcom~ dw. Th~ smou~t ot sucA naMhy cASrtes msy be incressed o.
decreased so ss to ?qsonsbly p?ovid~ tor the paym~nt ot the estimated snnwl inwn~ premwms. ta•es. assesur.ents and ot~xr cha~Yes• T~'~
MortYa~ shsll have tM ri~ht to d~posit such funds to ~ts ~eneral aceount snd to coming~e th~m w.M its own funds snd sdvanc~ 1i1~ amounts fo.
th~ purpos~s stated, snd/or cr~dit such funda as nceived to •n seeount of tM' Mort~s`or and advsnce s I:k~ snwunt fw the pu?pos~s sqted. 1~
tl» ewnt that tM monthty paymenb sctuslly msd~ Cy th~ Mo~sgor ss r~yuir~d wWer this ps~?sph o? undar smr othe• p.w~s~w+ nenof a~e no;
adequst~ to fully psy all oi th~ actual amounts ?puired fo? insurarw~ p~~mwms, tsaes, sss~ssrr~ts snd ot1+e? chsrQes. vrhen due. tnen !A~ Mort•
gs~ee shall hav~ ths nQht to advanc~ such sdd~tional sums ss sr~ actwly rp~i~ed and the smou++t w sevanced stuli Dscome ir*u*iedistely Ouc
and payabM irom the tilo.tga~or to th~ Mortaa~e~ and shall b~ secund ~y the Mo~t=sp wifh tfw ssm~ pionq as t1~ or~g~nal snwunt sdvanced
under said Mort~aQe, witAOUt waiving or affectins ihe option to foreclos~. w any ri~ht h~.aunder. s~+d a+rery WYmant so ~+ad~ s?~~~~ bes• ~^ter~se
rrom ttr dat~ tMreof at the rate of ten p~r ceM (l0ye) Wr sr~num. TM Irto?tsa~or s1+~11 W notiii~d of tM amounts Wll~ wde* nus D~~~B~~M
and tAe estimates mad~ Dy the Mort~a~N h~r~urM~r shsll b~ conelusiwly bindins upon_ sll psrti~ The MoR~as~e shal! Asve no oW~ption •o pay
~ntenst, eamin~s or otA~r intremant to th~ Wrrow~r upon th~ paym~nts mad~ ot reduv~d h~reundN. nw to imest Me ss~.r fo. the De~efit of tne
Mort~s~o r. TM Mortisg~~ shsll ke~p a rscord of tM ststus ot lA~ inw~snce premiums. U~us. ~ss~sunsMS and otner ,~srtes .puir~d to ~e p~d
nenundei.
3. Th~ MortasQe~ msy act, in sny and all ~vents in whicA ditputas snd/w issues aris~ ra~aud'
tw+~_ ha mbrfesee or Me not~ secund AereDy o.
psyments to b~ ms~~ und~r ~kher docurn~nt, upas ths advic~ of eounsel. In a~+y instanee in which tM rrws~a~ee cw~sutts counsN a+ connectiw~ w~th
ssmc, whethe? or not incident to litig~tan, th~n the MoRQa~o+ shslt bt r~s s1b1~ for the psyment of nasonsbN anorn~ps' hes- TAe Mo.i~s~or shati
pay all and sin~ulsr t1N eosts. char~es and exp~ns~s reaso~naDly incur or paid st any tim~ by said Mo~ Cacause of th~ isilurt on tne
part of th~ Mort~agor to parform. oomp~Y with a~d abid~ Dy ~ach and ~very of tlK stipulatwns. atre~mee~ta, cond'dions snd covenanis of said
promissory not~ and/or tM provhbns M+ein, snd also alt aitornays' teas incurrad as set forth Mnin, and tnt MoAts~ee s~aN nsve tne r~t at
~ts optan. to advanc~ sny such sums and such sdv~nesm~nts shall b~~r int~r~st irom tAe datKs) tf~ieoi at the nb W ten p1. ce~t (10!6) pK snnum
To k~ap tM buildinas now or ~er~siter on ssid land insused in s sum pual to tlr hith~st inw?able va~e. both fi+~ ar+d ertandW
coverage. in a compsny or compsni~s to be spprwed Dy said Mo.tgsge~. snd tne policy w volicies sna11 be ne~d by and payaDle to ssid a~ee.
and in th~ event sny sum of mo~ey b~comes payaDla under such policr or policies. Me Mortsssee.shaN Aave tf~e option to rsCei~r! i~WYs~pp~ tf~e
~ same on account of the indebtedness Aereby secured or to permit the hAortgagor to receiae and use rt or s~ry paR thercof 10~ aM? purDOSes. r?KAOUt
f thereEy waiving or impsirinQ any cquity. lien or right under or by virtue of tAis moA~e. snd msr o~sc~ a~w n~r ~~~a~ a ~~r Wrt
` th~reof without waivinQ or affecting the optan to foreciose or a~y riQht Mreunder, and aacA snd eYery wcA Payment sAaN E~sr iMtrest from datc
; at the nte of ten per cent (10°/.) pe~ snnum. .
6
i 5. To permit, commit, or suHer no wssle, impsirmeot, or d~terioration o/ sa~d D~opert~ o? at~ Mrt tde~cof• eacept ressonaDle „'~ar and
: tear, and in the evant ot the failure of th~ Mort~sgor to keep the buildinss on ssid prcmises snd tAOSe to be erected on said pran~sas. o~ im-
` provements tnercon, in Qood repair, the MortQagee may make wch repairs ss in its discretion it mar Mer~ ~ssry fo. tne proper p.es~rvatia+
~ thereof snd the full amount ot esch and ~v~ery such psyment shall be due snd p~psWt tAirtp (30) daps sitw demsM. s~W s1+s~~ be secur~d br tfu
~ lien of this mort~sg~-
6. In tlr w~nt sny or stl ot ssid prope~ty shall b~ p~rmsn~nty a twnpo?aritp bka+ by anr puElic sutlw~tp bf rirtue of unineM doma~ w
~ a sinila~ power, all proceeds M such tfkins shall be paYable to the MortQa~. ~nd. upon reteipt tAe~eof. tAe Mo~tp~pe s1+a11 spply suth pota~ds
~ to the psyment of principsl then dw undtr ssid promissory nete. TAe 6AOrtga~ee shall hm i+o dutp to colleet sucA pioceeds. ~ut if the
~ ~s madt s party to the proceedin6s instituted for the tak~nQ, or is rpuir~d to tak~ a~ry steps to prot~tt Rs i~lerests. Me oosts snd ~
attor~eys' tees thus intur~+ed Dy the Mort~agN shall be ~~imbursed by tAa Mwtsa~or to the MoR~t~ imn+ediate7 oa dernsnd• and unt8 ~o ^ti~'~-
buned shall bear ~nterest st the rste M ten p~r c~nt (IOX) De~ ~nnum from demand. snd sAa~~ bt secured ~ tAe I~n ot th~s ~e-
~ ` 7. The Mort~a~ee , at any tima pending a suit upon this mo~a~~. may spph to the court havi~ lurisdiction 1Aar~of (or the ~DOo~R~
~
of a reoeiver. arid shall hsva tAe nght to have such court forthwith sppoint s receiver of t1~e p~emis~s ~ed he~eby. sU aed s:nO.ls~. includir~ Me ~
~ rents, income. Frofits, iuues. and rwenu~s trom wAatw~r source d~rived, each snd w~ry of which, it D~+~ eipnssy w~de~smod. ~s h~*~bf nwr~a~•
as if spacHicallr set torth •nd described in the granting snd hsDtndum tlsuses Mnof. SutA sppointmer?t tAa11 b~ msdt by sucA tourt st M ad-
mitted equity snd a mstter of absolut~ right to said Mo?tgagee. snd witAOUt ?ehrenc~ to tt+e sd~usCf o? i~sde~ac~r a t~ tiWe a the DroP~~
mortgsged or to the solveney or insotvency of said Mo?t~sgor or the defe~dsnts. Such rents, proCRS, w~oomt. ~ssues. ~nd rwanws shal~ b~ aPO~~d
by such receivet stcording to the lien Of t' ~s moAg
sBe snd tAe p.aetic~ 01 such couR. 1~ the ewnt of siry d~fsult on tM psR d tM Mortptor
r.ercundEr, the Mortgagor sgrees to psy t., the Mortgsgee on demand as s~qsonabl~ nwnthy reMSl (a tAe premises. an amount st Isfst ~qu'n- !
alent to a+e-twelfth (1/12th1 oT tM aQgrtgate of the twelve monthly inststlmenb psYable in the then wrre~t yea? Wus 1tK actw~ smount d tfie
p annusl tases, assessments, utilitr rsles, and insursnce premiums fo? such yqr not covercd br tfie sfortsaid rtwnMly Ps~ts-
~ 8. It any of th~ sums o} money refe.?ed to herein or in the p~omissory not~ sacured he~eb~l s~e not Prom0~7/ s~d (vl~ Wid within tA~rtY
~ 30i days nert aker tAe same severally become due and paYable. or if escl~ snd every d tAe stipulatwns, s~reements. ca~d"Rans snd wvensnts
of aaid promiswry note snd this deed, or either, are not fully petformed, compliad wiM snd abided bp. t1+e ssid a,~rqste sum than pqraae
~ .emaining to De paid Aerwnder or under tha said note shall becoma due snd wr~~ ~o~~ a• n~~'~^ t~
thereafter, as tutly snd completely ss H the said sgg~egate sum of moner wen wiginslty stipulsted to b~ psid on wch day s~thint n said
~ promissory note or he~ein to tAe conirary notwithstsnding_ UQon any wch sce~kr~t~on, aM interest ?ese?red. paid o~ b b~ p~id in tu~ss af tht
maYimum lawtut rsEe of inte~est shsll b~ absted, or N p?ev~ously r~served or paid, shsH be cndit~A spimt tAe aiinsal~ swn of princ~W~ so
acc~lerate0.
~ 9. Tt~e mailing of s w?itten notice or demsnd addrsssed to tht owner of ncurd ot tA~ mortis~~d D~emisas-_ a? dKKt~A to ths said °w~t~ ~
at tbe tsst address actwlly tumished to tAe Mortgagee. or if none. directed to said owner at ss~d mo.tsa~ed P~rn+s~s- snA ma~Nd by tM UniNd ~
" SUOes msils, posts~e p?~psid, shsll ba suHici~nt notice and dsmsnd i~ sny css~ arisins under this i~strwnent ~nd rsqu~nd br tl~ Orovisions 1M~tof y
~ or by law- ~
i
~ S
~ This InstrumeM Was Prepsred B~?: i
~ MICHAEL C. SLOTNICK -
~ Pallo~ Poppell, Caoodman b Shapo ;
~ 1504 Alfred I. duP~ont BWg., Miami, Fla. 33131 ;
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