HomeMy WebLinkAbout2392 MtOVIDEO. ALWAYS. that iI the~M~ONg~itgor ~ WY unto the Mortgagee the indebtedttetls etridettced yr ~ casttlis
~tonlitaory torte of which the following is watrd: wd fijura is s true copy to-wit:
.~~faa~hy?a~ t ~fa~i~
S [~a550.00 Fort Pierces ~ FiM;da January 29, ly~Q_
FOR VALUE RECEIVED I 4 promise to p.y
to tltx: order or ALBERT A : TURET AND SYLViA TURET ,HIS WIFE •
rite prittcipal sum err F_
0~. ,THOUSAND FIVE HUNDRED FIFTY --------------NO/lOQ,r pp~~~,
Together with interest thereon cram date at rile rate of ten percent, per annum until tttaturity, both principal and interest being
payable in lawrul money or the United States at 2244 Biscayne Blvd., Miami, Florida, or at such other place as the hdders hereof
Iltay dcygnate ill writing. Principal acrd itttercst payable in installments as fullovtR:
- ONE HUNDRED ($100.00) DOLLARS per month beginning on the
15th day of April, 1979, and continuing on the 15th day
of each and every month thereafter until paid iq full.
'this note taray Ire prepawl in whtrk ur in part at any time upon payment of a prnahy equal to eidtt percent o[ the ptiirrc*d tttatw ptepttitl.
F~ch installment pa)went shall be tTrvtitett first cart the interest due, sad the remainder oa priaeipal; twd iatarpt ttlraM thersepaei txeae upon
It~e principal;o credited.
The makers and endorsers of this pyre further agree to waive demand, notice of nan•payment and protest. sad iA the event aril ttball tY brardrt
ftx the edleetitxt hereof, ur the core has to be colleMed upon demand of an attorney, to pay reaaonabk attott+rer'Y teas to areWng tttrtlr callecti,+rr.
Ikferred payments hereunder shy (rear Mrlerrst al the vale of ten percent per anrtttm frogs maturity until ptrid.
I Thi. nute~ is secured by a murlgalCe trt tyryt date herewith and i+c to be construed and entrxced aetordrrrg to the Iasra of Ilre Stale of Flarida;trpow
tjrfauh in the pa)mrnt trf principal' atirl/or iulrrea whtu dttr, the vrhok arm of principal sad interest tartainatp uapeid shall. at the optiow of the
It:adrr., (rrnNrrr immnlialtl) dot arrtl payal.lr•.
~i>.. • _ (SEAL)
- (SEAL)
Prepared by ~tanlt) tl. spieler, Atturrwy-'.2411 Ifiscayne Hls'd.,ltliatrri Florida
and :hall perform, comply with and abide by each and every the stipulations, agreements, conditions and cortentnb of .
said promissory note and of this deed, then this deed and the estate thereby created shall cease and be null and void.
1. The !1lortgagor hereby covenants and agrees: ,
(a) Tu pay all and singular the pnnapal and intrrest and othrr sums of money payable by virture of said promissory note and this deed,
ur rilhrr, promptly un the days rrsprchrrly the same severally becomes due.
(b) To prrmit, .omn~it or suffer ntr waste end to maintain the improvements at ail Times in a state of goad repair and condition, and to d0
or prrmit to hr done to said premtsrs nothing that swill altrr or change the use and character of said property or in any way impair Or
weaken thr srcunty of this mortgagr. And in case of the refusal, nrrlect or tnahility of the Mortgagor to repair and maintain said property,
the blortgager may, at hi: option, make such repairs or cause the same to he made, and advance moneys in that behalf.
(c) To pay all and singular thr taxes, assessments. In•ies, liabilities, and obbgations of every natwe on said described property each and
every whrn due and payable according to law, before they become detiyuent, and to deliver to the Mortgagee on of before March 15th of
each yrar tax receipts esidencing the payment of all lawfully imposed taxes for the preceding cakndar year;to indemnify the Mortgagee
upon his demand fur all taxes, assessments and charges that may be assrssed upon this mortgage on the indebtedness secwed hereby, sad
paid by the mortgagee, without regard to any Iaw• heretofore enacted or hereafter to he enacted imposing payment of the whole or any
part thereof upon thr Mortgagee.
(d) To pay all and singular the costs, charges and expenses, including lawyrn' fees and abstract orris reasonably incurred or paid at any
time by the Mortgagee brcause of the failure on-the part of the Mortgagor !o perform, comply with and abide by dcA and every the
stipulations, agreements, conditions and covenants of said promissory note and this deed, or either, and every such payment shall bear
interest from date at the rate of ten (10`,fr) per centum per annum.
1 (e? It is further convenanted and agreed by said parties that in the event of a wit bring instituted to foreclose this mortgage, the Mort-
gagee shall he entitled to apply at any time pending such forecloswe wit to the court having jurisdiction thereof for the appointment of
~ a receiver of all and singular the mortgaged -pn~perty, and of all rents, incomes, profits, issues and revenues thereof, from whatsoever
~ wurce derivrd: and thereupon it is hereby expressly convenanted and agreed that the Court shall forthwith appoint wth receiver with the
usual powers and duties of receivers in like cases; and said appointment shall be made by the court u a matter of strict right to the Mort-
gagee, and without reference to the adequacy or inadequacy of the value of the property hereby mortgaged, tx to the solvency or insol-
vency of the Mortgagors or any othrr party defendant to such wit. The Mortgagor Hereby specifically waives the right to object to the
appointment of a receiver as aforesaid and hereby expressly consents that such.appointment shall be made u an admitted equity and as a
matter of absolute right to the Mortgagee and that the same may be done wjtit~iut notice to the Mortgagor.
Ill If k,reclosure proceedir?gs should be instituted againri the property covered by this mortgage upon any other lien or claim whether
~ alleged to be superior or yunior to the lien of this mortgage. the Mortgagee may at hit option immediately upon institution of sucA suit or
during the pendency thereof declare this mortgage and the indebtedness secured hereby due and payable forthwith and may at its oplron
proceed to forecbse this mortgage.
(g) That the Mortgagor w-tlt keep all real and prrxtnal property now or hereafter encumbered by the lien of this mortgage insured u may
l be reyuired from time to time by the Mortgagee against bas of fire, windstorm and other harards, caswlties and mntingenties for such
~ periods and for not less than such anwunts as may be required by the Mortgagee and to pay promptly when dot all premiums for such
insurance. The amounts of insurance reyuired by the Mortgagee shall be the minimum amounts tot which said inswance shall be written
and it shall he incumbent upon the Mortgagor to maintain such additional insurance u may be necsssary to meet and comply tufty with all
co-insurance requirements rnntained in said policies to the end that the said Mortgagor is not a to-inwror thereunder. Inwraace shall ere
written by a company or companies approved or designated by the Mortgagee and all policies and renewals thereof shall be held by the
Mortgagcis. All detailed designations by the Mortgagor whith are accepted by the Mortgagee and all agreements between Mortgagor and
Mortgagee relating to insurance, now existing or hereafter made; shall bt in writing and shall be a part of this mortgage agreement u fully
S as though set forth verbatim herein and shall govern both parties hereto and their successor and assigns. No lien upon any of said policka
of insurance or upon any refund or return premium which may be payable nn the cancellatbn or tsrminatbn thereof, shall be given to
other than the Mortgagee, except by proper endorsement affixed to wch policy and approved by Mortgagee. Each polity of irowantx
shall hate affixed thereto a Standard New York Mortgagee Clause without Contribution, making all bas or bases under such policy
payable to the Mortgagee as its interest may appear. In the event any sum or sums of money bernme payable thereunder the Mortgagee
shall have the option to receive and apply the same on account of the indebtedness hereby secwed, or to permit the Mortgagor to rs-
ceive and use it, or any part thereof, without thereby waiting or impairing any equity, lien, or right under std by virtrae of this ttaort-
gage. In event of bas or physical damage to the mortgaged property the Mortgagor shall giro immediate notice thereof by mail to tM
Mortgagee and the Mortgagee may make proof of loss if the same is not made promptly by the Mortgagor. In went of forsebatue of i
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