HomeMy WebLinkAbout2227PROVIDED ALWAYS, that if Hid tnurta~x :hall pay unto rid mortgagee the attain prein~iswry
mote hae~aisafler w~staatisUy copied a identified. ~-wit:
= 48,600.00 Fort Lauderdale, Fla,Oeeember 8 19 80
FOR VALUE RECEIVED. VIE, of eic6et of aa, ptt~iae to par co the ceder of
IRFNE C. GI~:c~
>~lZ'I'f'-EIC~l'r ZllOl)SAt~ID SIX HUVDItED AND NO/100------- DOLLARS
ar1991 N.E. 31st Court, Lighthouse Point, F14rida
trit6 iaureat frato _ _ ~~~'• __
annum until paid, laya5le as tollo~s~
elev~e~l percent (11$ )per t:eoc per
Monthly instal lments of 51,0 ti69~ ludi principal and interest, euRnencing
January 1, 1981 and mike s an ~, 1st of each and every month thereafter
tu~ti l tlx: principal ~al cep a' int rest has been paid in full.
The r*~cez-s lv'r~of re~c~n,•~c~ tlx~ right to prc~~y this recto i n whole or in part,
.a any t `mom tai thout l:~~l t}~. i
No., aitottld it bccuoe necessary to collect thi• wee t-rotrs6 u attotae~, eit~et of u, ta-etket malcet, anretr, a eadotaet oa
thin note, hetehy .!tree co pay all eost• of atrc6 collection, iaclydu~ teanoaaWe actonty'a fen Y'le dtnma and aadotaeta
•eserally ~ai~e presentment (or paytaent, is protese, and aoeiee for aon•paytaeat of tl.ia note.
iti TILE T:VEPiI• ^a~ payment of interest or principal ere we paid ~it6ia thir;Y,~_( 30 )Jaya aka t-e aye
t,ccvmcs dot, the hoid~t o[ chi• note racy, •r his option, declare tht whole prtactpal aam \eroof to ere Irediuety dne and
E.var.e IIRYlS P I1~I~II)6CAPE, a Florida partnership
(Seal) By 7 (Seal)
-- - --- -- - ~ ,partner & i ' yidual
(Seal) ,~- ~ fig, par cr & indiv dual!
and sball perform, comply with and abide by each and every the agreements, stipulations, conditions and cove-
nants thereof, and of this mortgage, then this mortgage and the estate hereby created. shall cease, determine
and be null and void.
A.'VD the mortgagor hereby further covenants and agrees to pay promptly when due the principal and
interest and other sums of money provided for in said note and this mortgage, or either; to pay all and singular
the tastes, assessments, Levies, liabilities, obligations, and encumbrances of es-en• nature on said property; to
permit, rnmmit or surfer no waste, impairment or deterioration of sairi land or the impmvemenG thereon at
any time: to keep the buildings Hour or hereafter on said lanes full)- instrrec: in a sum of not less than the foil
irtcural,le value in a company or tnmpaaies acceptable to the mortgagee, the polic}• ar policies to be held b.•,
and payable to, said mortgagee, and in the event any sum of money- becomes pa~•able by ~-irhte of such insur-
ance the mortgagee shall have the right to receive and apply the same to cite indebtedness hereby secured.
accounting M the mortgagor for any surplus; to pay all costs, charges, and expenses, including attorneys' fey.
and title searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor in
promptly and fully comply with the ageements, stipulations, conditions :zed covenants of -said note and this
mortgage, o: either: to perform, comply with and abide by eecis and ever}• the agreements, stipulations, condc-
tions and covenanh set forth in said note and this mcxtgage. or either. In the event the mortgagor fails to pa~-
w•hett due any tax, assessment, insurance prrmium or other sum of money payable by virtue of said note and
this mortgage, or either, the mortgagee may pay the same, without .valuing or affecting the option to foreclose
or any other right hereunder, and all such payr:sents shall bear interest fmm dat. thereof at the highest lawful
raft then allowed by the laws of the State of Florida.
IT IS expressly stip;slated and agreed that the mortgagee and its legal representatives shall have the
privilege, at its option, after the doing of or the omission to do, by the mortgagor, or its legal representatives,
its stroot^ssors a assigns of any act ctr thing which shall ooastitute a default in or breach of any of the terms,
oooditioru and covenants herein or in said rate or notes contained and upon the rnmmersoensent, In a court of
competent jurisdiction, of a suit for +Jse foreclosure of this mortgage, of applying for, either in and by the original
complaint for foreclosure or otherwise, and shall, as an equity hexeby admitted and confessed, be entitled, as a
matter of absolute right hereunder and without regard to the value of the hereby ~~8~ P~~• P~tY
and estate, or the necessity therefor a of the re~sotsableness or escpediecscy thereof, or the solvency or imol-
vency of tea mortg~or oc its legal repreaeutatives, and without notice to said mortgagor or its legal r+epre-
sentatives, to tfte appointment ~ souse suitable person or corporation as a reoeivex for the properties, premises
and estate 6a~eiaabore descr[bed. and of the nab, issue, iooou>e. revtx-ue and profits drer+eof. nude appoint-
~,-c 34~~f ~Qg~e. 22zly
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