HomeMy WebLinkAbout0648 PRI~~'IDED, AI.WAYS, that if the hlortgagor yhall pay unto tht? Alortgagee tho indebtedness evidencecl by a
certain promissory note. of which the following in words and fipures is a true copy to•~~ it: ~
~e+M~~~t ~otG
Fort I'i.erce~, i~~~~~t=~:~_------~ ril 24 - ~ 75ti
a__~ ,5~0..00-------~---------~--- - -
F'1)It V~~I.I~i': Itl~:t:l•:1\'F.l) ~ WE,--.~-U1Tlt~ aRC~ ~e~=~rally_~--_______.__ promi>~• tu ~~a~
t~? ili~• urd~~r ~ ( _'TILLIE _FRIEDTtl1N-- . _ -
~h~• F~~~~?~•~E~:,I _~3~1E 1HOUSAND FIVE HUNDRED_ FIFTY and na/ 100 I~cjl.l.:~lt~. to~~~~1~~•~ .?~~~h ~~~~r~~•.~
_ ' thrr~un from ~latr at ih~~ r:N~• ~~f trn ~~~~c~nt. ~?rr annum until matu~it}~, l~uth ~irin~•ipai aild inl~•resl bring ~~a~ a61c in iawful rnunr~ uf
lhr l.'nitrd ~tatr: at '>•_'.}.4 lii~cayur lihd., 11ia?i~i, Florida, or at ~urh otlir.r placc as thc hulder~ licrcut ma~~ dc,ignatc in H~itin;~.
Principal and interest ~?a~~able i~i in~t~llments as fullow.: ~
FORTY-FIVE ($45.00) DOLLARS per mon~h beginning Qn the 15th day
_ of•July, 1975, ~nd continuing on.the 15th day of.each and every
m,onth thereafter until paid in full.
1'his note may be prepaid in ~•~hole ~r in pact after one year from the date hereof upon payment of a penalty equivalent' _
to ~•i~l?.t prr+~riit „f thr prinripal ;uii~ prrpaid. -
F.:+~•h imtallnu•nt E~aymrnt :I~all b~• ~•redite~i fint un the interest duc, and the remainder on principal: and intere:t ~hall thrrr- _
, u}~un ~•ca~r upun 1l~r principal ~u ~•~~•dit~•d. • ~ -
Thi• m:+krr~ and ~•ndor>rr~ <?f thi~ nute further agre~ to wai~•~~ d~vnand, notic~• of nun•~?ayment an~~ protest. ~nd in thc ev~•ul ~uit ~
•ha11 b,~ brc~uKlel for lh~• ~•olirrtion h~•n~o[, or the same has to Lr rullectcd u~zon demand o an atturnEy, tu pay rea>onablc atturney~~
fr~•• fur makinK ~urh rull~•ctiun. . _ : _ "
11~•fern d payment~ f~rrcunder ~hall l?ear inlcn•.t at th~• rat~• of ten pe~crnt p~~r annum frum malurily unti) paid.
- "i'hi~ nutr i~ ~ecureJ hy a mort~aK~~uf.even dat~: lierewith and is to he construed and en~orc~d according 1o the IaNS of the
~ ti~,~~i~ F'?orida; upnn default in the pa~•ment-i~f prin~ipa! an~V~r intere:t when daie, the whole sum of principa! and intPrP~t
` ~7~n?aining un~aid ~hrtl. a! the c~ption of [h~ hot~ien, t~ecome immediate-~1~• due and pa~~aWe. n r~
' - _ . _ ; / L; G, ~~~'~t~ ~i , /^-~~-~.,c`r~t ~ ~ (~E::~l.)~~ -
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~l f'i~ i. CL--~-f' ~~E:~l.) (
- Yrcparcd hy ~plclrr K Tendrirh, :lttorneys - Y'240 liiscayne Hlyd., 11i~m-. Flaida .!i . ~
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~ and shall gerform, comply witM and abide by each and every the stipula~ions, agre~emenLs, conditions and cover?anks -
~ ~ of said promissory note and of this deed, then this deed and the estate thereby created shall cease and 'be nuU and void.
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1. The Mortgagor hereby cavenants and agrees: . ~ ~
(a1 Ta pay all end singiilar the prindpal and interest and other sums ot monay pnyable by ~~:rtue of aaid promissorv note and thi~ deed, or either, -
, promptly on the days respectively the same eeverally becomee due.
~ 161 To permit, commif or sutfer no wasta and to maintain the improvements at all times in a state of good repair nnd condition, and to do or pernut to be ~
done to aaid premises.nothing that wiq elter or change the ose and charecter ot said p~operty or in any way impair ot v+raken the security of this
mortgage. And in ca~e ef the refusal, neglece or inabi!ity of the \Sortgagor to repair and maintain said properey, the lfortgagee may, at Aia option, make
. such repairs or cause the ssme to be made, and ad~•ance moneys in that behalt_ .
~ lc! Tb pay al! and singular_the taxes, assessme~s, levies, liabilities, and obligetion~ of e~~ery nature on said describ! ~ property ea.h and ecery ahen due
_ tind payeble according to lew, beforn the~ become delinquent, acY! to deliver to the Mortgagee on or before \inrch lSth of each year te.: receipts "
j evidencing the pay~nent of aI! Iawfullp imposed tazes [or tt:e preceding calendar year; to idemnify the Mortgagee upon his demand far aU tasee, assess~ -
menta ~nd chargee that may be asx~ed upon thi9 mortgage on the indebtedness aecured hereby, and paid by the morgagee, vclthout regard to eny law ,
- heretofore enacted or hereafter to be enacted im~osi
ng payment of the whok or any pnrt thereof upoa the iiurtgagee.
. td1 To pey all and singeilar the costs, char~ and ezpenses. including IeR~~ers' fees and ahstract msta reasoa9bly incurred or paid at any time by tha .
:'.tortgagee because of the tailme on i~~ af the \iortga~or to pertorra, cromply wiih and abicie by ea:h and e~rtry the stipula!iona, agreements, ~
conditiona and co~•enants of aeid promissory r_ote ar9 this deed, or either, and e~•ery such paymant shall bear interest from dats at the rate of ten (10%)
percentumperannum. ' - •
. (el It is further covenanted and agr2ed by said parties that in the event of a suit being instituted to foreclose thi~ mertgage, the ~iortgagee shall be
entitled to apply at any time pending such foreclcsure suit [o the court having jurisdictio~ tt~reu( for the appointment of a teceiver of all and singular the
mortgeiged property, and of all rents, incomes, proCts, issues and re~ enues thereof, from whatsoe~•er source deri~•ed; and thereupon it i9 hereby ezpressly
covenanted and agreed that tne Court shsll forthA-ith appoint such recei~-er with the usual p~a•as and dutiea of recz~t~ets in lika cases; n~ said apgoint-
ment ahsll be made by the court as e matt?r of strict right to the 34iorcgegpe, and Ritt.aut reference to the adequacy or inadequecy of the ~rolue of the pro-
_ perty hereby mortgaged, or ta tne solvency or inaolveacy of ±he ~[ortgagors or any other perty defendant to such suit. 'lt~e b'Iortgag~r heteby tpecif-~ _
ically weives th~ right to object to the appointme~t of a receiv~ as aforesaid and hereby espressly oonsent~ thet such appomtme~t shall be ma~e as an
. admiued equity and as a matter of absolute right to the ~Sortgagce and that the same may be dona without no:ice to lhe ;1lortgagor. ?
~ 11? If foreclasure proce9dings should be irtstituted against the propertg co~•ered by this mortgage upon any other lien or claim RhethEr al]eged k, be t
superior or.junior to the lien o( G?tis mort gage, the titortgagee may at his option immediately upon institution of such eult or 3uring the pend~ty thereof • ~
declare this mortgage and the indebtednpss secured hereby due and payabie torthwith and may at ita opaca pracee~i to Fo.~eclose this mortgage. , i
' Igl'Ihat the ?liortgagor w ill keep all real and personel Qraperty uow or : ereaker enrumbered by tAe lien ot this mortgnge insured es may be raqaired from }
' time to time by the biortgagee agains: loss by fire, windstorm nnd other hazards, casuatties and contingencies fer such periods and tor not les~ than - ~
- su; h amounts as may be rec;uired by the \tortgagee ar.d to pay pr~mptly when due all prea~.iums fer such ir~uranee. The amoen[s of in~urance required
- by the 1lorgagee shall be the minimum amovnts for which said insurance shali be written and it shsll be incumbent upon t6e biort~agvr to maintain stxh . ~
; ad~itional ins;uance s~ may be necessary to rr~et and comply fully ~vith aU co-insurance req~iirenents contained in said pelidea to the end th~t the said ~
' - Aiortgugor is not a co-insuror !hereunder. lasurance eF.all be vrriuez~ by a~ompany 2* companies approced er designaterl by the Slortgaget and ~11 ~o1i- ~
I; cies and renewels ttiereof shal! be held by the biortgagee. All detai~d designations by the ~iortga qor which ue aeoepted by the Mortgagee and pll a6rec• ~
~ ments betweer.lltortgagor and ltortgagee relating to insurance, now eaisting or hereaftp,r made, shall be in w~riting ar.d shall be a pert of thia mo~tgage
~ agreement as fully ss thpugh seL forth verbatim hrrein and shrll govern t~oth parties hereto and their suooessors and assig,i~a No lien upcm any of said t
~ po[icies of snsurar~ce or upon`any refund cr retura prer~uum which mey be peyable on the cancella~an or terminatien thereof, shal) be given to othe~ then ~
~ the ~tortgagce, eacept by propet endorsement affized to such policy and r.pproved by ~tortgagee. Esch policy of insura~e shal; `save affixed thereW a ~
~ Starldard New York hior±gagee Glause without Contribution, makinR all loss or loaaes under such policy payabie to the Mart gagee aa its i~ter3 tnay a~ !
penr. [n the etrent any suri or sums ot money t~ecome payable thereunder the Mortgegee shalj have the optiun to reazve and a tlie eame on ttoount _
- of th~r indebted:x~ss hereby secureJ, or to permit the Mertgagor to reteive and use it, ~r any patt tht4eof, ~ithwt thereby waivin~or impairing any equi-
ti, lien, or right under and by ~irtue of t his mortgage. In event of bss or physiMl da.-mge to the mortgaged praperty tht Mortgagor ahaIl give'smms~aEe
f ~ .
. 800K ~t~g P~CF ~ ~
_ . . 648 .
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