HomeMy WebLinkAbout1981 f,~~ C,~ ,~L• ~G v . 9g MORTGAGEE: ~I /
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That Mort~or henby ~rants. baRains. assi~?i. ud oo~veYs unto Mortaa~ee. the fol{owins descriDed rcal estate in the County of
T~~~.i P - . State of Florida. to wit_ •
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-Q±3 1~ 2~ glock 19~ I,akouood Park~ th~.t tb. acco~ciing to the plat .
thereof~ as recordsd in P2at Book 11~ ?x~~e 5~ of the Publice :~ocord~ of
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I t.~erthrr with all buildings and improvements now or hereatter erected thereon and all screens, shades, storm sasn aiw oiuwa. .~w ........e. ..a..-u~. plumbin6, -
f ~e.. ekctric, ventilatina, refri;~erating and ~ir-conditioning equipment used in connection therewith, all of which, for the purpose of this mortgase, shaU be
! .ic~med fixWres and wbject to the lien hereof, and ihe hered~taments and aQpurtenarces pertainin~ to the property above described, all of which is referred to
~ hcrr~naftcr u the "ptemises".
~ fO HAVE AND TO HOLD said land and prcmises, with all the rights, privikges and appurtenances thereto belonging. unto mortgagee and his hein, executon,
~ ~dministntors, wccessors and assigns. forcrer. _
~turtgagor also assigns to ~tortgagee all rents, iswes and profits uf uid premises, reservinE the right to mlkct and ust the sune, with or without takirts
po.u~sion of the premises, dunng conGnuance of default hereunder, and during .rontinuance of wch default wthoriz~ng Mortbagee to enter upon uid premises
~nd ~r ~olkct and enforce the same without regarJ to adequacy of any security for the indebtedness hercby secured by any lawful means includi~
appoiotmenl of a teceiver in the name of any puty hereto, and lo apply the same kss costs and expenses of opention znd colkction, including reuonabk
~uurney's fces, upon any indebtedneis xcured hereby. in wch ordrr as Mottgagee may determine_
4 t)R THE PURPOSE OF SE('URING: (1) Performance of each agreement of Mortgagor contained herein; (2) Payment of the principal sum of
S 7!, 3.~ig a~ith interest. as provided in accordanee with the terms and provisions of a Promissory Note/Loan Agreement (hereinafter referred to as
"Promissory Note'7 dated 7~~~ , maturity date and payable to Mortgagee, to which Promissory Note
reference is hereby mad~ (3) The payment of any money that may be advanoed by ihe Mortgagee to Mortgagor for any rcuon or to third parties where the
amounts ue advanced to protect the security or in aocordance with the covenanu of th"s Mortgage.
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~11 F,ayments made by Mortgagor on the obliption secured by this Mongaae sh~ll be applied in the following order.
f 1RST: To the payment of taxes and usessments that may be kvted and assessed against said premises, inwrance ptemiums, rep:irs, and ap other chuges
snd rxpenses a6rced to be paid by ihe Mort~or.
~ SECOND: To the paYment of ~nterest due on said foan. -
THIRD: To thc payment of principal•
~ i i~ PROTECT THF: SECURITY HERF.OF, ~IORTGAGOR COYf.NANTS AND AGREES: 111 To krcp said ptemurs mwn~i ag~imt firc ~nJ such uthet
.~.ualt~es u the Mottp,aEee may specify, up to the full value of all improvements for the Ptoteclion of Norigagre in wch mrnner. ~n wch amount., aixf in wrh
~;npenxs u Mortgagee may from time to hme approvr, and to kerp the policics therefor, properly endursed, on deposit w~th ~lurtgager. and that lo~s
;~r.~._~eds (kss expenses of collection) shall, .at Morlgagtt's option, be applied on said indebtedness. whether due or not or to the reslo~~tion of said
ir.~provements. In event of bss Murtgaaor will give immedute notice by mtil to the Nortgagee w~ho may make pruuf of loss if not made piomptly by i
`~t~~rtKagor, and .uh inwrantt company concemed is hercby authorized and directed to make payment for wrh losti dirertly to Nortgagee insteid of
~1~utgagor. l2) To pay all taxes and specul assessments of anY kind that have been or may be kvied or assessed upon said prem~ses. ot any past thereof. 13) In
~~h~ event of default by Mortga6ot under Puagraphs 1 ur 2 above, Nortgagee, at rts.option IwMther ekcun6 to declue the whok indebtedness secured hereby
iu: and coUectibk or not), may (a?effect the ms~ nnce above prorided for and pay the reasonabk premiums and charEes thercfor: (b) pay all sa~d taxes and
~„<scments without determinin~C the va6dity thereol, and (c) pay such IKns and all such d?sburuments shall be deemed a part of the mdebtedness serured by
thi. ~lortg~ee and shaU be immediately due and paYabk by Mort6agor to Mortgagee. 14? To keep the buildings and other improrements novv or Mreafter
ere.red in good condition and repair, not to commit or suf(er any waste or any ux of said prcmises contrary to restriction or rccord or contrary to law~+.
~rdinances or regulations of ptoper pubGc authorily, and to permit Mortgagee to rnter at all reasomble times for the putpose of incpe~cting the prcmnec, not
rrmo~r or demotish any bw?din6 tt?ercon; to complete within One Hundred Eighty 1180) Days or restore promptly and in a good and workmanlike mar.ner
~n~ building which may be consttucted, damaaed or destroyed thercon and to pay, v?hen due, all rlaims for labor performed and matenal furn~shed thercfor.
That the time of payment of the indebtedneu hercby secured, or of any portion thercof, may be extended or rcnew•ed ar~d any portions of the prcmises
h~~•_~~n described may, w~thout notice, be cekased from the lien hereof, without rekas~ng ot affectinE the petsonal liab~lity of any person or corti+oration fur the
p~•. rnent of said indebtedness or the lien of this instrument upon the remaindrr of said premisec for 1he full amount ot said indebtedncu then remain~ng
~:r~paid, and no chanae in the ovmership of said prcmises shaU rckase, nduce ot otherwise affect any wch personal liability on the lien hercby created. 16)
Ti~at he is seized of the prcmises in fee simpk and hu good and lavrful right to convey the same: and that he does Mrcby forever v~~urant and will forerer
~iefen8 the titk and posseu~on thercof aaainst the lawful claims of sny and aU pcrsons whatsoever.
~u~K?.~1~ Pacf1~
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