HomeMy WebLinkAbout2789 j . . ?
~ ~ . . i~ . .
. 1.
. Pk0\'InHII, AI.K'AYS, that if the \lortgagor shall pay unto the \lortgagec the indebt~dness evi~lenc~d hy a
, ce~tain p~omi~sory note of which the fullow~ing in wc~rds and ('igures i~ a trua cciay lo-wit:
. '~G4~~QgC ~L
3^2.~_~7~(ZQ- _ _ For~ Pierce. H'I~~~~~I.~ ~~~i`i~y,1L,_~ I~~_JS--- _
,
F(1tt ~~'r1LUF: ttECEI\'F:U__ - WE'_~ointl~and SEVE~Xi~~lyL ~COIIII~C (V ~18\'
<<~ ~hr ord~•r ~>f ARTHiJR FISCHER and LUCILLE FISCHER, his wife.~ ~ 1~a_i -
the princi~?al 0[~.4~IQ-T1i41J~AI~I?S1~EF~1iI~DBEI?~~YEI~LT_Y-FT~_andi)U~f.A-Itti, lO~elli~r Nilll Inlrfr~t
the~eun frum Jale at the rale u~ t~~n pr.rcent, pec annum until rnaturit~~, both principal and iiiteresl being papable in lawful moiiry uf
. th~ t!nited ~tat~•~ al '?''-1•l fii~cay~ne {31vd., \liami, Florida, ur al Fuch other place as the hulders hereof may designate in writing.
Principal and intere~t payable in installments as follows: - _ -
FIFTY-FIVE ($55.00) DOLLARS per mon~h beginning on the 15th day of
July, 1975, and continuing on the 15th day of each and every month
thereafter until paid in full. _
This note may be prepaid in ~~•hole or in part~after une ~~ear from the date hereoC upon payment of a penalty equivalent ~
t« ~•i~l~t p~•n•~•nt uf lhr~ ~~rincipal ~um prrpaid. :
F.:?ch imtallrnrnt paynu•nt ~hal) be c~edited fint on the interest duc, and thc remainde~ on principal; and interest shall Ihe:r-
u~~an cea~r upun th~• principal w crrditcd.
_ - The makrrn and rndors~•~~ of this nut~ further agrFe to wai~•e demand, notice uf non-F?a~~tnent and protest, and in th~ c~~ent suit
~hall b~ broughl (or ihe collcction hereof. or the same has to be collected upon demand af an attorney, to pay rPacanable attorney-'.
frr~ fur making ~uc•h cvllectiun. -
Ucic~red pa}•ment:: hcrcundP~ ~hall bear int~rect at thc rate of ten percent per annum from maturit}• until paid.
' "I'hi~ nc~tr i~ cecurcd by a martgaRe~~~f e~~en date hereM•ith and is to be~construed and enforced according to the laws ot the
. titat~ o[ F'lorida; upon default in th~ payment of principal ancl/or interest when due, the whole sum of principal and iMe~ect .
n~?naining unpaid ~hali, al the option af the holders, become immediately due and p vable.
. . ~ ' j
•~c.~ ~~E K., - ~~.L~~_~.~.~~-,~-~~,_.~s~f,~,
, ,
- ~ ~ ~ - lL~z~..! (sE:A~.)
Prtparcd by ~pKler & T~ndrich, 11tom~ys - 2240 Riuaynt Blvd., 111ia , Florida_ _
_ ~ . :
ar~d shall perform, comply with and abide by each and every the stipulatians, agreements, conditions and cove-
~ _ nants oC said promissory note and of this Jeea, then this deed and the estate thereby created shall cease and be ~
null and ~•oid. _ • . . ~
- ~
1. The Mortgagor hereby covenants and agrees: ,
;
(a) To pay atl and singular the principal and intetest and other sumc ot money papable by vittue of said promissory note and this. j
deed, or euher, promptly on the days tespectively the"same stverally becomes due. . '
l~) To permi~, comm~t or su(fer no waste a~d to maintain thc improrements at all times in a stste of eood repair and condition, and to '
_ do or permit to be done-to said premises noth~n6 that w~ll altet ot ch~r.ge ~e use and charattor of said property or in any w~ay impair o:
Meaken the security of this mort6aae. And in ease of t'~e tcfussl, ne~lect oi inability of the lrtortgsgor to repair ar.d mainuin said proper-
' ty, the Moc~6a8ee may, at his op~ion, make such rcpairs or cause the same~to be made, ar.d advance moneys in that behalf.
(c) To pay a16 and~sinEula.r ihe taxes, assessments, levies, liab~litie5, and oLliqtions of every-nature on said described propert~ each -
and evcry whrn due and payable according to law, before they become delinquent, and to deliverto the Mortgagee on or before March ;
ISih o( each year laz receipts evidencing the payment o( all lawfully imposed t~aes !or tho pceceding calendar year, to indemnify the ?
i~tortga6ee upon his Jemand tor a!I laxts, asses~ments anJ charges that msy be asscsscd upon this morl6age on the indebtrdness . ;
cured he~eby, and paid by the mortgagte, without regard to any law heretofore enacted or heroafter to be enacted impcsine payment o:
the w•hole o~ any ~art thereot upon the R1ort~sgee. . - - ~
~
~ (d) To pay all and singular the costs, charg~s and expenses, inc)uding lawyers' fets and abstract costs teasonably.incutted or paid a[ -
any timr by ~hc ~tortgagee bccause of thq tailure on the ~art of the MottgaQor to perform, camply with and abide by tach and every the
stipulations, agreemem~, conditions.and covenants ot aaid Dtomissory note and this decd, ot either, and every such'payment shall bear
inte.est from date at the ratc of ten U04o) pet eentum per annum. _ - _
~ (cl It is furthet covenanted and agrted by said parUu that in the event o( a suit bemg instituied to (orcclose ~his mortgage, the SSor~-
g~get shall be entiUed to apply at any lime pending .:uch foreclosurc suit to the court having jurisdiction thercof for tht appointmen~
of a rcceiver of all and singular thr mortgaged property, and of all ronts, ~ncomes, profits, iasues and revtnue4 thereo(, from uhatsoever
tiource denved; and thercupon ~t is Aereby eapressly coven~nted an~ a`reed that the Court shall fo~thwith appoint such receiver w~~h
the usual powers and duues ef recei~ers in like ceses; and said appointment shzll be ~ade by the court as a mauer of strice right io
the !?1or~aagee, and v~ithout reference to the sdeguacy or inadequacy ot the- value of the property heteby 2ortaaged, or to th~ sol~ency
' or insol~ency of the Mortsagots or any other party defendant to such sui(. The Atortgagor heteby specitically waires tht rigAt to object r
~
_ to the appointment of a receirer as aforesatd and hereby ex~essly consents that suc7~ appointment shall be mado ss an admitted eqwty ;
- and as a matter o( absolute ri~hl to the MatBaate arid that the same may be don4 witlfout notice to_the blor~a~sor. -;F
(f) 1f toreclosure proceedinpa should be instituted s`ainst the propetty covorfd by this mortaa`e upoa any other tien or claim rhethe~
alleged to De super~w or junior to tht licn of this mort~~~e, the Mortga6ee may at his option immediataly upon institulion of such suit
or durin6 the pendency thertof declarc this mott~a`t snd ;the indtbtednrss secuted hereby due and payable forthwith and may at ~tti
- option proceed to forecloae il+is mortp6e. ~
3
~ tg) That the Mort~aeor will keep all roal and pe~sonal property nov a hereaftet encumbsred by the l~en of this mortga`e insured as may ~
; hc required from time to time by the Mott6a&et asainst loss by fire, w~inds~orm and other hazards, casualties and contingtncies fur such
~ periods and ior r.ot less_ than such amounts as m~y be requ~red by the Mort~a~ee and to pay promptly when due al) prem~ums for such - ~
i insurance. The amouats o( inaut~nce required Ey the Morttssee shsll be tht minimum amounts for which said ~nsuranct shal) be rntten ~
~ and i~ shall be incumbcnt upon the' Mort~a6or to maintain such addition~! insurance as m~y bc necessary to meet and comply fully with
al) co-ins~tanct requitements contained in said policies to the tod that the said Mo~t~~6ot is not a co-insutor thereunder.lnsurance !
sha11 be rrritten by a caapany o~ corapanies approved or desi~tnated by ehe Mat~a~ee and all policies and ronevals tnereo( shall be held ~
by the Mo~tp6ee. All detailed desi6nations by the Aiortta6or w•hich are accepted by the Mori~a~ee snd all sjreements belreen Mort~a6or ~
an~ Mort6atee relatins to in~ur~nce, now ex~stina.a t±erea(ter made. shall be in .vritins and shall be a part of ihis eeortpae a~,rtement -
as tully aa thou~h set torth rerbatim herein and shall ~overn both parties hereto and their successors and assi~ns. Ho tisn upon any of ~
said policies of insurance a upon sny rotund or roturn premium rhich may be paysble s,n the canceUatien or terniinttion thereof. sh~ll
be s~ven to other ~han the Mott{asee, except by proper erMorsemer.t affi:ed to such policy and approved by Mort~~rea Each policy of - ~
insurance shall have a(f~xed thereto a Sund~rd New Ywk Mor~Qa6ec Clause Without Conttibution, makina aU ?oss or losses under such ~
palicy payable to the Mortp~ee as its ~nterest may appe~r. tn the erent any sum or sums of ~ioo~ bteane payable ~hereunder the \lort- ~
ga6ee shatl hare ihe opt~oa to receive arsd apply the saertt on account of the indebtedness hueby secured, or to perm~t the \tortEapor
to receive and use ~t, or any part thereo(, without thereby raivina ot impa~rins any equitr~ lien, or riaht under and Ay vutue ot tfi~.
~ 6 physic~l Jama g B pcopetly the Mortsago~ shatl sive immedi~te notice thercui by rr.a~l t.+
` mort a a In evenl of loss or gc to the mort a ed
- ~hc ~lurtgasec and th~ Mor~Eagec may mak~ pmo( ot In~~ ~f_~h. samc i~ not mad~ ptumptly by ~he ~tort`a~or. ln errnt nf (cxe~l~~wre c(
~
. ' ~ E~2~9 ~~7 ~ -
_ 8~ _