HomeMy WebLinkAbout1923 MORTGgGEE: r ~ ~
MORTGAGE DEED 4681 ° j:? ~ ~ 1,
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~~st rs~+t r~~s? ~r~Ti~t s~oust•s MGM[ ~ ~ ~ 7 O S Ti1~T) TR;ry
. ^ R rT PT.:s.CzT-I~'L~- • Florida
"That Mortgagor hereby grants, bargains. assigns. and conveys unto Mortgagee, the following described real estate in the County of ~
State of Fbrida,~ to wit:
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iOT 12,pLOCK K, t:.~t'?lT_TLLA ~STAT~S, AGCQ:t~I2?G TO T~~ PLAT TtG.?OF hS
'GOAD^.D IN PLAT BOOK*, PAGE 77, OF T}~: Pl1!?I,TC :?.:v0:::-V OIL LL'CT~ COt!'~':'r~ ~I .
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1 t ~ f RECEf11ED s ~ J • p! PAYMENT OP TAxE! ~ T ~ r ,
1 DUE OA CLASS 'C' IMTAAG'OLE PFRSONIIL PROPERir. ~~~"'1~"'~~ 11
PURSORpT TO ~ NA.¢Ti : Tl- 4, ACTS OF 11]1, .'(i~ ";T~~. i1
CLERK CLt~U.T COUFT, ST. lU..tE CO.. FIA.~ r ,IN k~--~?:'•'.
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tug~thcr with all buildings and improvements now or hereafter erected thereon and all screens, shades, storm sash and blinds, and heating, lighting, plumbing, •
electric, ventilating, refrigerating and air-conditioning equipment used in connection therewith, all of which, for the purpe~e fof this mortgage, shall be
~ S_•rmcd fixtures and wbjecl W the lien hereof, and the hereditament and appurtenances pertaining to the property above described, all of which is referred to
j h~•rrlnafter as the "premix:'
€ 1 O HAVE ANU TO IIOLU uid land and premixs, with all the rights, privileges and appurtenances thereto belonging, unto mortgagee and his heirs, executon.
administrators, wccessors and assigns, forever.
~!urtgagor also assigns to Mortgagee all rents. iswes and profits of said premixs. reserving the right to ~o11eEt-~ usf the same, with or without taking
pj+,xssion of the premixs. during continuance of default hereunder, •and during continuance of wch t~atQViu4hdr rag M rigigee.to enter upon said premises
! and;ur collect and enforce [he same without regarJ to adeyuacy of any security for the indebtedness hereby secured by any lawful means including
f ~prumtment of a receiver in the name of any party hereto, and to apply the same less costs and expenses of operation and collection, including reasonable i
¢ ~tturney's fees, upon any indebtedness xcured hereby. in wch order as Mortgagee may determine. -
1 ()R THE PURPOSE OF SECURING: (I) Performance of each agreement of Mortgagor contained herein; l2) Payment of the principal wm of
c 7?~~ ~ _yxith interest, as provided in accordancx with the terms and provisions of a Promissory Note/Loan Agrcehtent (hereinafter referred to as
''Promissory Note") dated ,maturity date ,and payable to the order of Mortgagee,
to which Promissory Note reference is hereby made; (3) Payment of any additional advances, not in a principal wm in excess of S ~ with
,merest thereon, as may hereafter be loaned by Mortgagee or the then holder of his Mortgage to Mortgagor, each and every advance to enced by the
Promissory Note of Mortgagor in the amount of the- advance; (4) The payment of any money chat may be advanced by the Mortgagee to Mortgagor for any
reason or to third parties where the amounts ate advanced to protect the security or in accordance with the covenants of this Mortgage.
~ ~Il payments made by Mortgagor on the obligation secured by this Mortgage shall be applied in the following order:
FIRST: To the payment of taxes and assessments that may be levied and assessed against said premises, insurance premiums, repair, and all other charges
a end expenses agreed to be paid by the Mortgagor.
SECOND: To the payment of interest due on said loan_ ~ ?
THIRD: To the payment of principal.
€ T O PROTECT THE SECURITY HEREOF, MORTGAGOR COVL:NANTS AND AGREES: (1) To keep said premises inwrrd against fire and such other
~ ~a.ualties as the Mortgagee may specify, up to the full value of all improvements for the protection of Mortgagee in such manner, in wch amounts. and in wrh
€ .~~mpanies as Mortgagee may from time to lime approve, and to keep the policies therefor, properly endorsed, un deposit with Mortgagee. and that loss
proceeds (less expenses of collection) shall, at Mortgagee's option, be applied on said indebtedness, whether due or nut or to the restoration of said
4 im,^.rovernents. In event of loss Mortgagor will give immediate notice by mail to the +.lfortgagre who may make proof of loss if not made promptly by
~furtgagor, and each inwrance company concerned is hereby authorized and directed to make payment for such loss directly to Mortgagee instead of
} Mortgagor. (2) To pay .11 taxes and special assessments of any kind that have been or may bt levied or assessed upon said premises, or any part thereof. 13) In
t the event of default by Mortgagor under Paragraphs 1 or 2 above, Mortgagee, at its option !whether ekctirrg to declare the whole indebtedness secured hereby
due and coUectibk of not), may (a) effect the inwrance above proridrd for and pay the reasonable premiums and charges therefor. (b) pay all said taxes and
.,,sessrnents without determining the validity thereof, and (c) pay such liens and all such disbursements shall be deemed a part of the indebtedness secured by
this '.Mortgage and shall be immediately due and payable by Mortgagor to Mortgagee. t4) To keep the buildings and other improvements now• or hereafter
erected in good condition and repair, not to commit or suffer any waste or any use of said premises contrary to restriction or record or contrary to laws,
or3inances or regulations of proper public authority, and to permit Mortgagee to enter at all reawnable times for the purpose of inspecting the premises, not
to remove or detrto6sh any building thereon; to complete within One Hundred Eighty (180) Days or restore promptly and in a good and workmanlike manner
any building which may be constructed, damaged or destroyed thereon and to pay, when due, all claims for labor performed and material furnished therefor.
t 51 That the time of payment of the indebtedness hereby secured, or of any portion thereof, may be extended or renewed and any portions of the premises
herein described may, without notice, be released from the lien hereof, without releasing or affecting the personal liability of any person or corporation for the
payment of said indebtedness or the lien of this instrument upon the remainder of said premises for the full amount of said indebtedness then remaining
unpaid, and no change in the ownership of said premises shall release, reduce or otherwise affect any such personal liability on the lien hereby created. 16)
That he is seized of the premises in fee simple and. has good and lawful right to conrey the same: and that he does hereby forever warrant and will forever
defend the title and possession thereof against the lawful claims of any and all persons whatsoever.
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