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HomeMy WebLinkAbout1648 ,,i~+~~ PROVIDED, ALWAYS, that i(the Mortgagor shag pay unto the Mortgagee the indebtedness by batAlr ptomatory note of which the following in words and figures b a true copy to-wit: ~ 175.00 Fort Pi_er~~a Florida March 1~a 19 ~3_ i FOR VALUE RECEIVED I promise to pay . ' ter tree order of SUSAN C SETH ,I f ~ the principal sum of > ~ x~ T~ 1SL AND OxE if tit,°`t; D TWENTY FIVE - - -NO / 100 DOLLARS, I ~ together v?~ith interest thereon from date at the rate of ten percent, per annum until maturity, both principal and Interest Ing payable in lawful money of the United States at 2244 Biscayne Blvd., Mianti, Florida, or at such other plsce as the hdders hereof ~ may designate in writing. Principal and interest payabk in installments as follows: 't~ ONE HUNDRED TWENTY FIVE ($125.00) DOLLARS-per month beginning on the 15th day of June, 1979, and continuing on the 15th day of each and every month thereafter until paid in full. ; 'llris mute may be prepaid in whole or in part at any time upon payment of a penally ecpta) to ei~rl percent of the principal wm prepaid. ' F~ch irutallmenl paysarl sbsll be credited tint oa the interest due, and the remainder on principal; and interest bull thereupon case upttu the principal ao credited. t I The makers and endoraen of this note further agree to waive demand, notice of newt-payment and protest, and in the watt wit shall be brooder fr~Ihe edleclion hereof, a the same b>< to tx edlected upsrrt drmaud of an atlorirey, to pay reacortaWe attorney's fees for ttrukinL mach edleetion. + Ikferred payments hereunder shall hear interest at the rate of den percent per atntum from maturity until paid. i 'llsi~ Dote a aerured by a mortgage d Tyco date herewith and K to be errnstrued and enforced atnxding to the laws of the State of Florida; upon i defauU in the payment of prinripsl andior interest when due, the while arm of principal and interest remainirt( unpaid shall, at the option of the hdders, breume immediately due and pa) aWe. ,S (SEAL) t _ - (SEAL) i Prepared by Gamey H. Spieler, Attorney- 22-tfl Hisra)ne Blvd., Miami Florida t t and shall perform, comply With and abide by each and every the stipulations, agreements, conditions and tauveuant: of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. The Mortgagor hereby covenants and agrees: - (a) Tu pay all ind vnFUtar the pnnrrpal an:i in!rrcst and uthrr sum=. of munry payahlr by virture of said promissory mote and this decd, or Tither, promptly ..n the .lays r+rsprdrsrly the ,ame srvrrally hrcumrs due. (b) To permit, a,mmu ur su(frr n:, xastr and to maintain the improvements at all times in a state of good repair and condition, and to do or permit w hr door to s:cid premiers nothing that xilt alter or change the tier end :haractrr of said property of m any way impair or ~I, weaken the srcunty of this mortgage And in cast of the refusal, nrglrct or inabdrty of the Mortgagor to repair and matntain said property, the !,lortgagrr may, at his upnun, make such repairs or cause the same W he made, and advance moneys in that behalf. r jcl To pay all an+! .rntiutar the [airs. asse.,mrnts, Irvies, liabibters, and uhGgations of every nature on said described property each and ~ every when due .rod pasahte a..urding to lax, hrtore they become drliqurnt, and to deliver to the Mortgagee nn or before March 1 Sih of I rash year tae receipts rsiden.ing the payment of all lax fully impusrd cases for the preceding calendar year: to indemnify the Mortpgee ~ upon his demand for all fasts. assessments and charges that may he assessed upon this mortgage nn the indebtedness secured hereby, and a paid by the mortgagee. without regard to any law heretofore enacted or hereafter to be enacted imposing payment of the whole or any I part therruf upon the \turtgagrr. (d) To pay all and singular the wets, charges and rspenses, including lawyers' &es and abstract costs reasonably incurred or paid at any time by the ~lortgagre hrcause of she failure on the part of the Mortgagor to perform, comply with and abide by each and every the stipulations. agreements. conditions and covenants of said promiuory note and this deed, or either, and every such payment shall beu interest from date at the rate of ern (10;{c) per centum per annum. (e) 1t is further sromrnantrd and agrrrd by saki parties that in the event pf a suit being irutituted to foreclox this mortgage, the Mort- gagee shall hr rntitlyd to apply at any time pending such foreclosure suit to the court having jurisdiction thereof for the appointment of a rrcener of all and smgutar the mortgaged property, and of all rents, incomes, profits, issues and revenues thereof, from whatsoever source dernrd. and thereupon it is hrrrby rspressly convenantrd and agreed that the Court shall forthwith appoint such receiver with the usual powers and duties of receivers in like cases: and said appointment shalt be made by the court as a matter of strict right to the Mort- gagee, and xithout referrncr to the adequacy nr inadryuacy of the value of the property hereby mortgaged, or to the solvency or insol- vency of the Mortgagors or any other party defendant to such wit- The Mortgagor hereby specifically waives the right to object to the appointment of a recenrr as afuresatd and hereby espressty consents that such appointment shall be made as an admitted equity and as a F matter of abwlute right to the Mortgagee and that the same may he done without notice to the Mortgagor. (f) If foreclosure procrrdings should he instituted against the property covered by this mortgage upon any other lien or clam whether allrgrd to be superior or tunior to the lien of this mortgage, the Mortgagee may at his option immediately upon institution of sucA suit of during the pendency thereof declare this mortgage and the indrhtedness secured hereby due and payable forthwith and may st its option pwcerd to foreclose This mortgage. _ (g) That the Mortgagor rill keep all real and persc,naLproperty now or hereafter encumbered by the lien of this mortgage inwred as may he required from time to time by the ~lortgagce against loss of fire, windstorm and other hazards, cuuslties and contingencies for such periods and for not less than such amounts as may be required by the Mortgagee and to pay promptly when due all premiums for such ~A 4 insurance The-amounts of insurance rrquirod by the Mortgagee shall be the minimum amounts for which said insurance shall be written and it shall he incumbent upon the Mortgagor to maintain such additional insurance u may be necessary to meet and comply fully with all co-insurance requirements contained in said pvlicies to the end that the said Mortgagor is not a co-insuror thereunder. Insurance shall be Y written by a company or companies approved ar designated by the Mortgagee and all policies and renewals thereof shall beheld by the w Mortgagee. Alt detailed designations by the Mortgagor which are accepted by the Mortgagee and all sgreements between Mortgagor and ; Mortgagee relating to insurance, now existing or hereafter made, shall be in writing and shall be a part of this motlpge agreement as fully ~ as though set forth rrrbahm herein and shall govern both parties hereto and their wccesson and usigns. No lien upon any of said pdicia s of insurance or up,n any refund or return premium which may be payable on the cancellation or terminatan thueof, shau be given to other than the Mortgagee, escept by proper endorsement affixed to such policy and approved by Mortgagee. Each policy of insurance , shall have affixed thereto a Standard New York Mortgagee Clause without Contributan, making all bss or losses under such policy payable to the Mortgagee as its Interest may appear. In the event any sum or sums of money become payable thereunder the Mortpgee shall have the option to receive and apply the same on account of the indebtedneu hereby sectued, or to permi! the Mortgagor to re- ceive and use it, or any part thereof, without thereby waiving or impairing any equity, lien, or right under and by virtue of this mort- j -gage. Iq event of loo or physical damage to the mortgaged property' the Mortgagor shall give immediate ratite thereof by mail to the ( Mortgagee and the Mortgagee may make proof of loss if the same is not made promptly by the Mortgagor. In event of forecbsure of £5 ~a~~F305 1645 .