HomeMy WebLinkAbout2396 4'7041 ~Q'
RE'Al. E:ti'IATk \I()RT(::1G1:
THIS MORTGAGk IT.adc• this 13~ day of DeO~b~ 19 79 Between BrO~II $01/0
11~~ ~fli 1>< °f Pi>a~Q
sty ~i0 County, 1-'lorida. h.•r.•inaft,•r .•all,•d th.• Mortgagor, and ~e0~1 ~•~t P1i14~~10~
pt ~`~Q a ~atllOyc~ ('ut•Ix,ratiun, hereinafter called thr \lortgagec.
~CITXESSE:TH: That said Mortgagor, in cunsideratwn of the principal sum specified in the promissory note here-
ir._,ft• r da-scribed, recriv.•d from the Mortgagee, hereby mortgages and incumbers in f•ivor of the said \tortgagce the real
,.:-,,:,.-rty situatrd in $t. I#Cie County, 5tata• of E-lorida, d,•~cribed as follows: •
Posperi~j Perk S1~bdirieioa Block #1 I,ot o8
Received •
Due On Class "C•• Pstso~I Pro~~
Pursuant To ChaptK /its 01
Clerk Circuit Cotri. !t
I~
f >.•curity for the payment of a promissory notes, a copy of which is attached hereto, and incorporated herein by reference.
The said \lortgagor duns covenant with the- said \lurtgagee that the said \lortgagor is indefeasibly seized of said -
~r:d in fee simple and has the full power and lawful right to mortgage and incumber the same, that the said land is free from
-.ii incumbrances except as above noted, and that thc• said Mortgagor, except as above nded, does fully warrant the title
<aid land and will warrant and do-fend the sam, against th,• lawful claims of all pf•rsons whornsoa•ver.
ADD THE: SAID ~tORTC:AGOR 3oes further ::gre+• as follows:
1. To make promptl}- all payments required by the• above •iescribed nut<• :;nd this mortgages as such payments
c'••mr due.
i
~2. To pay promptly when d.ie• all taxes, assessm,•nts, li+•ns, and encumbrances on Said prup,•rty.
~.1,I~ ~~c ~~$es~'~ ~ utter h••reaft, r on sai•! land insured :,gainst dam:ige• by fire, lightning, windstorm or
i ~'}•E~~a~t.~~~i~~: tha• sum secur,~'• h~• this mortgage, in a compam- or companies satisfactory to the
.'••rtgag~,;~jai~;pQli~.t~.t~j{ and payable to the \lurtgage•e to the extrnt of the indrbta•dnc•ss remaining at the time
j f th•• loss. If any sum bc•coma•s payab3,- umf,•r =uch irsuran~•c• r:olic~•, thf• \lortgaq• e• ma~• a•ithc•r apply it to thF indebtc•dness_
~•~red by this mortgage, or permit th<• Mortgagor to use it for oth••r purpos,•s, .without impairing the lien of the mortgage.
i
•l. -Io pa•rmit, commit or suff•-r n•, wa,t.•, emp;,:rn:. nt or dei,•rioration of the mortgaq,•d proprrty.
if am payment= aroved••-i fur en th," nuts ,u: th:= murtgaq•• ;,re• nut prurnpth• p:+id by the \lortgagor, if the buildings
r.•a k.•pt insure•i as provid.•d, or if th.- \IurtgaFor d• f:,ult, in m• of th,• uth••r coc, pants, stipulation,, or agra•ements,
liur*_¢ag••e, without wa?v:ng ur ;+ffect:nf? tha- option to f„r.•rlosF-, may utherwis,• perform anv of thf• covenants or agree-
- - ^t< un h•-half of th• Jlurtgagor, an•i any an•i all ::c-f: =sir.:; nr eXp,-ns,•s paid or incurred, with interest thereon from the
of x;cm• nt at th•• rat, int•-n•;t pr.-s~r:b•••+. it: 'h•- r.••t• . • cured b~• thes m~,rtgage, shall also be secured by this
o. Thi= m•,rtq:+q•" ii• n ~'::+li • ~t• r.a to ;ena u:cl:ri•• :,li r• nts ar,•i profit= •,f ±he murtgag,•d property. In the went of
- ~ iu-.,r. -h.- co•:rt is authur:z••d to app•,int r• :~•-e•. • r , •f th•- m•,rtgag• d prup••rh- aroi to apply such rents or profits to the
. an. ss h• r••by secur:••', r• gar~less • ` th.• -~••tti-• n~~ •.f 'h• \lortgagor ur th, ;,•1.-quart/ of th,• :,•curity.
-the: mortgaq•• ;hall .~st. r.•i to ;,m! inrlc•t• ;,n.' :,n•i all • st••n~iuns and r,•n• wais of th•- herein:,boye described
• :n'. -hall al=„ c•er• :.m sum ••r =•.:m- •t.at rr.u•ht t,. I••-,r.• t,c \I•,r•t;:+(?••e to \IortQagors in thr futon, en the sum or
- ?or ahirh \lortgagor- -hall •x•c+;t• th••,r n.~.ri:,i,l, nr••m:~~on- r.ue.• nut exreedinq ?31.000.00, together with
-t, sax, leci•-n, an ! in=ur:,nc.. ,
fi. If am par-m• nt r•r„n•'.• f•,r :n th• n~•t• ..r ±tu= m.,rrg:+C b•- nut ,>:,i•i u?thin thirty •lavs att••r it he•com,•s due, or
,r.. agr••em•-nt of thi> mur'e:,R• ••th• r •h:,r. ':.r th• t• •cm• ne of mon.•y is br,•:ech••ri, th~4e th, ?nl:,ai•i balance, nut including
rn•-f int••rest, shall imr.-• •'.e:,t.-iy h•r,•m• it+, --r.•'. ;,:~y;,trl, :,t th• option ,d th• \lurtgag• e•, and th+• \lortgagee may fore-
f - thi= r-turtgag• in xenon is+rc• w ah ~ror• -ier• - • -t;;hli-h• •1 be : ,.e, end h:, y.• the property sold to sati~ly or apply on the
. bi,-•in••s= h, r,•by s• cur••d. -
r•~r
f ~