HomeMy WebLinkAbout2998 . ~ : _ . . ,
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~ haw tM opebn w reosiw and ~pply tM uco~ ~ acoount ot t!r iadsMedew~ Ncur~'ey~rw7 a~ P~~
nid ~[~aaar to eeo~ive and uN it ar any part t6ereot tor ot~ purtw~w wiNant tlNe~sby ~nivio~ ot impirie~
W quity. Ika or eisht und~r ar by virtw d thi~ mortga~ ~ad in tM event sdd ~tort~~ ~6~U ta any re~~on
hit to k«p LM said pr~mis~s so insured, a tdl to dsUvK pe~o~ptl~r ~qy ot Mid poSds~ o! hMnrsoo~ to Mid
Morcass.s~ or w! prc~npcb? co p.r fuUg ~nr pe~um cb~refac. a jn any r..p.et i.il co P~ria~m, d~r~.
escub. eHeet. eoaopMte. comply with and abide by this eovsnan~ or ~qy part hereot. ~afd blocta~ ma7 P~
P~Y far ~ucl~ inwrsne~ or any p~st tl~ereot witLout w~ivlt~ o~ aHectin8 ~Y aP~• ~a. equity or ritRt nnder cr by -
virtw ot tl~is nwrtg~. and tb~ tuU amount oi e~eA and ewn? such ~rnsnt sball bs immedbtdy dw ~ad pyabls
~nd ~aU bear inteewt kom t6~ date tiNeeof nnW p~id at the nte ot t~n per antum par annnm ud topt~ witb
sne6 int~ece~t sh~ll bs ~ecared h7 t6t lien of tf~ia mo~tsa~.
4. To pami~ oommit or snKer no wasb. impairmsnt or detarioratiow ot dd property o* ~nY P~
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6. To pay all and dngul~r tRe eo~ts. ~6ar6M ~ad szpensss• incl~din8 reasaubis 4wyer'~ fee~ ~nd oost ot ~
abstnet~ of ticls. incnrred or paid ~t• any time by ~ld Mortgages beeause endlor ia ths event ot ths tailurs ao t6s
p~rt ot t6s said Mortsagor co d~ilp. promptly ~nd tuIIy P~tona, dis~rgs. ~ecute. ~feet. oompMb. oompb? witl~
and •bids by eac6 and svery ths ~cipul~tions. aarasmsnta oondition~ aed aovauab ot s~ promiNOq? ewta and
this iouoetgage. aay or ~ithe~. u~d sald oosts. charge~ aad upsnss~. each and every. ahaU bs ia~wedi~ta~r dns ud
P~ribM. w6ether or not t6ere bs notice. deeaand. att~ to collsct oc sult psnding; and tbs tull aa~ount ot e~ch •
tad eveq? meh Wymsat ~ball bs~r iaterest trom the date thereoi uatil paid ~t the nte ot ten per oenwm per
annum: ~nd all aid oosts. clurgN and e:psose~ so in~vrred or p~id, to~sther wits such iateres~ ~hall b~ ~.w+pd by
t6s lisn ot thi~ mat~a~.
6. T6at (a1 in cbs eveat ot any bre~ch of this m~tgag~s or defaalt m tbs part o! ths Mat~~. or Ibl in cbs
• event any ot e~id sums ot money Aare~ referred to bs not promptly ~nd tuQy p~id within ten d~r n~zt attar t6s
was~7 becam~ dw aad p~yaWa. wit6ont ds~asnd or nocice, ar !cl in tAs weat each and svery tbs rtipul~tioo~.
~eess~nnG. iandition~ and oowoanq ot said promi~wry note and t~ mortsaaa, my or ait6~. ~n not dWy. ~
p~7 ~d ~ P~'fa~ ~6~. ~ted. efiected. oomplsted. aoenplied with ud ~bided by. t6~a. ia either ~
or any auh went, tbs said a~te wm msntioned in ~aid proasis~ocy nots tl~a rem~inins unpaid. w~ iaterest
acerued. and aII moah?s ~senred Aerab~. shdl becoma due aod p~yabls tortl~with. or .thereaft~. at ths option ct aid
Mort~ages, as tuUy wd oomp{etely u if all of ths aid wms oi no~ney ware o~iginally stip~4ted to bs paid on -
such day. anythtng in said promiwory note. and oc in thi~ mortgags to tM oontrar~ notwith~tanding and
thareupon or t6ere~fter at t6e Qption of e~id Mortg~aes. without notioe or dan~nd. snit at l~w or in equity.
theeetofore. or there~fter b~an. tnay be prwscnted as if all mo~ys secured bersby 6ad mattired prior to its
inatitutioa.
7. 11ut in the event that at tl~s beginning oi or at any tims p~oding any snit upon this mo:tgags, a~ to foreclore
i~ ar co rsform andlor to eatorce paymeat of any cWnu heeaunder. said Matgages shall apply W tha oourt
i ~~8 3~~ tMreot tor the appoiatment ot a Recaiver. s~ub oaut sha11 torthwit6 ~ppnint • R~oeiver ot ~ajd
~ ~8~ P~P~t7 all and singular. including all and ainguisr tbe rents inoome profiU. issues and rovanues from
i wlutever sonrae de~ived. e~ch and every ~f whics. it being azprewly w~deretood is hereby mottaaaed u if
~ speciReally ~et tort6 and dsser?'bed in tbe granttng and 6absnd~un dausss hereof. and eneh Reosiver ehall have
dl tM brosd and effectivs innetions and po~rers in anywise eatrusted by • court to a Receiver. and such appointment
I shall be m~de by such eo~rt a~ an admitted equity aad a eaatt~r ot aMolute riqht w said Mortgagee. ~nd- wit6out
~ referenos to the ~deqwcy or inadequ~cy of the vdue of the prop~ty nartgaged a to tl~e soiven~y ar irwsdvency
~ ot s~id Moctg~gor andlor of tbe defendants. ~nd that euch reats. profits. iaooma iswe~ ~nd revenues rha0 bs appiied :
~ by' sach Receiver aooocdin8 to t6e kin ~nd/or eqnity ot said Mortgagee aud tse pnctice ot wuh owrt. :
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e. tc ia underswod and agreed chac chi. mo~ags i. giv.n w s.nu+. in .ddicion co che noca ar oWi~cioa }
abovs dssee~ibed an~ additioo~l lwns ae tuturs ~dv~nos~ mads wtthin cw~ ye~rs [rom date hereof by t6s mat~ages
w~aid mat~s or ~ny snooss~or fa tftls of s~id mortgaaon of the poperty 6ereby eoaveysd: provided tl~e ti~e
total unpaid balanos ot ths indebtedness secured h~reby at any ooe tims shall not ~oeed the ma:imum ptincip~l
anwunc ot SIX THOUS~ND~ T~i,sO NUNDRED TWf~NT~FOUR (6,224.00) ~s
~ ~ 1! 1. Pws a any bursements made y t mortg~gee !or the p~yment of tues. bviea or insuraeoe
on che propercy encumbered heeeby. wiw incere.c on .ach disbunements.
1N WITNE33 WHEREOF, the. eaid Mortgagor has e:ecvted this matg~ge under ss~l on the day ~ad ye~r 6eroin
fv~t ~bovs written.
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3isned, se~led and delivered in t6e presence ot: ' , ~
~ / ~ ' ~ t ~~l..~LG-s L'a-~.~~
~ ~ ISEAU
~ ~ n . nson .
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~ (3EAL! ;
~ ~ Mar an D. Allinson ~
~ 3TATE OF FLOAIDA
~ OOUNTY OF 3T. LUCIE ~
~ ~~~,~p~ John N. Allinson and Marian D. Allinson, his wifeof
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~ 421 Luenga Ave., Coral Gables, FL. 33146
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~ w ms .~.u kno,.n .na lmo~wn co m. co be cb. tnaivian.l~. a..crcb.a in .aa aAo .~ec,~cea ch. t«+eddna ~ ~
~ad acknowlsdged Mtors ms t6at t.h~. ~eeuted t!r wme far tl~s pupows tharein e:pesssd.
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WITNE39 my 6and ~nd ollic~l ~aal t6i~ day of :1 '
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tbe Connq 3tats ~ • S•yr=
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