HomeMy WebLinkAbout0147 z. . ,
f'ItOVl~t:il, A1.11AYS, that if 1lurtgagor shalf pay unto the \lortga~ee the indebt~dness evidenced hy a
, rertain p~omis+~ry 4ote~.of which ih~ f~~llowing in words and figures is a ttue capy to-w'it: .
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~~G ~
s__ -2 .150. 00 . Fort Pier. ce , N'lurida Ma~? 15 , 75
,
' }~UN I.IIF: t~F:CN:I~'F.[~ ~ WE,__j_ointly and s@VElalI,11~ • pronii~c lu pa~•
tu thr ur~1~•r u[ ~R~FDA LEVIN~ - -
thP princi~?al ~~f __'I'_4+IQ T~[- Q~I$AI~~
'~WO ~llJ1~D_A~D`F~~T~and Ro~~~ I)1)l.l.?1ltti, togeth~~ wili~ intere~t
ll~rrcun ~ront date at thr ~ate o[ tcn percent, pcr annum unlil matu~il}~, b.~tii principal and inlc~,.;t br.ing ~~ayable in 14wfu1 mon~•~ uf
i e l!nitrd ~tatc~ ~t '~'.'.•~-1 lii•ca~•ue 13hd., 1lianii, Florida, or at such olhe.r place as !he holdtrs hereof may designate in writinK.
~ I incipal and interesl payable in installments as follow.:
FIFTY ~$SO.GO) DOLLARS pei month ~eginnic~g on rhe 15th day of July,
1975, and continuing on the ~Sth day of each and every manth the~.e-
a£ter unCil paid in fu~l.
This nate may be pr~paid in ~~hole or in part a~ter ane year from the date hereof upon payment oi' a penalty equivalent
lo i~i~lit p~•rci~nt uf t{u• principal sum pr~•paid. . - - -
F:ach imtallm~~nt pa~•m+•nt ~I~all b~ crediied [irsl on th~ interest due, and the remain+ler on principal; and inter~~t ~hall therr-
. !~pui? ~~•a~r upun thr- prineipal rrr~lited. ~ . _
Tlu• makPr anc! rndor~~~r~ of thix not~ furthr•r a~~~•e tu wai~•e demand, nnlicc c~( non•pa~•ment and prntcst, and in t1~e Fvent ~uit
~ ~hall b~• t~ruught for ilu~ cullrctiun hereof. or li~e same has to be collected upon demand o( an aUomey, to pay re2sonable attorney's
_ f~~r.. fur making -uch rullcction. ~ " -
_ OFterred payment~ her~under ~hall bear intcrc.t at lhe rate, o( ten percent per annum from maturily until paid. - •
- Tliis note i~ ~ecured hy a mortgaRe at even date hFrrw~th and is to be construed and en[orced ac~:ording to the laws af the
- ~tate of Florida; upon default in !he payment of principal and/or interest when due, Ihe whole sum of principal and in4~r~st
~ r~•r.~ainin~ unpaid ~hall. al the oplion of the huiders, become immediately d~c and payabt~.
: ' ~ ~ l.~(.~L.1~-~~%(-'?~tw~-~ (S~AL)
~ _ - ~~C_'_~^1 lcc~ ~ J L c~/ (SF:r1l.)
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Prepar~d by ~peel~r t~ Tendrich, 1ltorneys - 22~40 Ri~cayne Blvd.. ~liami, F orida
' ar~~ shall perform, comply with and abide by each and every the stipulations, agre~m2nts. ~onditions and cove- i
nants oP said pto~nissory note and of this der.d, then this dceci and the esxate theroby c-eated shall cease and be
nul! and void, - - _ - -
~ 1. The Mortgagor hereby covenants and agrees:-~ ~ -
" (al To pay al! and singular the pcincipal and in~erest and othet sumc of money payable by virtue of said promissw.y note and th~s
~ deed, or tither, promptly on the days respectively the same se~erally betomes dua.
i
- ~(b) To perm~t, comm~t or su([er no vraste a~d to maintain ~he improvcments at all times in a state of good repair and tondit~on, and to ;
do or perm~t to be done to said prem~ss3 nothin` that will alter or chan;e the use and chancter ef said property o~ irt any way impair or <
weaken t!u security o( this mort~aje. And in c~se of the relusal, ne~lect or inability of the Mortsagor to repair ar.d maintain seid propei- ~
ty, the R1or~~agce may, at his opt~on, make such repairs or cause the same to be made, a~d sdvsnce moneys in that behalt. _ ,
3
(cJ To pay all and cingular the tazes, assessments, levles liabiliti.s, and oblig~tions o( evety na:ure on said desetibed prop~tty each
and eve~y whert due and payable according to law, befae they become deliaquent, and to deliver to the Mottga~te on or btfore March -
. 15~h ~f each ycar ia~ :eceipts ev~dcncing the payroent _ot all lawfully imposed t~xes (or.the prcte6in6 cilend~r ycar, to indemmfy the
- 111ortga6ee up.~n his dem~nd for all taxns, asseacments and charges that rnsy be assessed upon this mortalge on the indebtedness
- aur_J hcreby, and ~aid by tht mataagee, without re6ard tu any.law hereto[ote enacted or heteafter w be enacted~imposing ~ayment o;
_ the uhole ot any ~art the~eof upon the Alortgagee. _ ~ _ _
- (d) To pay all and sinaular the costs, char6ts and expenses, includine lawyers' (ees and ahsttact costs reasonably incurrod nr paiS at
~ any ~imr hy the !Nortgadet hecau~e ot the failure on the part of the Morlga~or to pertotrn, comply with and ab~de by each and every the
stipulations, agretmcnts, conditions artd covenants of ~aid promissory note and this deed. or ekhet, and every such'payment shall bear
mtcrest from datc at the ra~e of ten U(T'~) Der ~entum per an~um. . - _
Icl It is fwthcr covenanted and a~reed by said parUes that in the avent of a suit being instiwted to (oreclose this mottga~e, thc Moct-
gaate shall be entitltd to apply aT
any time pending such forectosure suit to the court having jurisdie[ion thereoi for the appoiotm~n~ ~
of a receiver ot a~l and sinaular the mortgaged pro~rty, and ot all rcnls, ~ncomes, prolits. issues and revenues thereo(, from whatsce~~er
ti~r,:rce A~nved; and theteupon it-is he~rby expres§ly cocenanled and abreed that the Coutt shtll fotthwith appoint such reccive! w•uh ~
the usual powe[~ and dul~es oi rccei~ers in like eases; and said appointment shall be madt by the court as a.matter of strict ri~ht ro _ ;
thc lNortga~se, and wi[Aout refercnce to the sdeqwcy or inadequ~cy uf the value of the property hereby mortga6ed,.or eo the sol~ency ~
or msolvency of the S1ortYagots or any olher party defendant to such suit. The i~lortaagor hereby specifically waives the ti6ht to object -
to tne appoiniment oi a rtceiver as aforessid and hereby eaptessly censents that such appointrent rhall be made as sn admitted equ~ty }
~ and as a matter of absolute r~6ht to the A1wt`sEct and ihat the same may be done without notite to the tilarttator.
(f) If foroclosure procetdir~s should tt instituted sjainst the property corered by this mortp~c upon a~y other lien or claim w•hether ~
alleged to be supenor or junioc to the lien o[ this matsa~e, ~he Mo~sg:see may at his ~ption imrc.ediately upon institution of such suit• ~
a during the pendency thereof declare this mortsese and ~he end~btednea~ ~ecured hereby due and payable :orthu~itA and may at ~tti ~
op~icuf proceed to fore~loae this mottsa6e. - - _
~(g) Thrt the Mort~a~or will keep al{ reai and personal propcrty now-or hecta(t~r eec~tnbered by the hen o( this mwtgs~e insured a~ may
be reauired from-time to cirta by the Mort`asee a~{ainsl loss by fire, uindstorm and other haz~rds, casuahies and contin~encees fur such _
- per~ods and ior not Iess than such amounts as m:y be rcpuired by ~he bluct~:~ee and to pay prompt)y a•hen due all prem~ums for such
msurantt. T5e amounts of in~urince reyui~ed by the 41ar:~~set shall be thc 4~inimum amounts for wAi:6 a~id insunnce shall bt urrtten ~
" ar?d it shail be incumbent upon the MortiaRor te mainiain svch :dditional in,~'u~nse as rnay be nececssry to meet and comply fully with
all co-insuranze requitemeests contair.ed in said policies to the end that the said_ Mer~~aaa is aos a cainsuror.thereunder.lnsiUance _ i
shall Se r~ritten by a comp~ny a compan~es appcoved or designated by tFe Mort3~Eee end sll pelicies and rener-.als thereo( shaU te held
by the Matsasee. Atl detailed.desi~nations by the Mort~s6oc which are accepted by the htortRf~ee and a11 ~reemenls tet~reen !?tors~~~or
and Mori`aEee relnin6 ta inaurancc, no~v e~istin~ or here~fter made, shall be-in .rritin: •nd shall be a p~rt of this mort~s~e asteement ,
~s tully as thouRh set tath verb~~im herein and shall Rovern both parties heteto and their s~ccessors and assisns. No lieR upon sny of _ i
- ssid policies o6 ins«znce or uqae any retur~d or return pcemium which may be pay~ble on the unceUation.a termin~tion thereof. shrll j
be ~~ven to other ~han ~he Matisjee, eacept by proper endorsement affiacd to such i+olicy and approred by Mortp~et. Each poficy ~t i
~~~ursnce shall have~atfixed thereto a Standud Nesr Ywk MortaaEee Clause w+thout Contribution, makin6 all loss ot losses under such ~
palicy 4ayabfe to ~he !1Sor~~s~ee as its intaest may ~ppe~r. In the erent any sum or sums ot eroney hecome psyable theteundet the \fort- ~
Ra6et shall harc tAe eption to ~ecc~re and spply the same on account of the indebtedness heeehr.secvrtdsa~r lo~erriit tte :tnrt~ta~or ~
r to teceive and use il, ot any p~r! thereof, rithout theteby wsivind ot itnpaitir6 any equ~ty, lien, or ri~t uAdt~ snd by virtuc of th~~
f mort a e. In evenl of Ie~s w. sic~l dama e to the mott a td o tt the Mort a ot shall ~ve immedi~te notice Ihere.>f b r..a~I i.~
• ES phY 6 RE D~G~ Y 6! E Y
' thc- ~ltirtsascr rnJ ~he A4nr~Eagce may make psr.af of In.~ sf th. samc ~c net madc ptompll} by t7~e 1lonaa6ot. In evrn[ of fcxe~la.ure n!
~ . - g~(~~~ ~A~f ~
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