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Home My WebLink About0177 ~ ~ f YROVIDED, AI.WAYS, that if tha Mortgagor ~htll pay unto ehe Mart~age~ the indebtedneas c~vi~irt?cc~l by a ; certain pronuiseory note of whieh the following in ivorda and figurea ie a true co~~• lo-wit: i E -n~l~~. eY~ ' ; 1, ~ "~O. ~O Miami, Florida __M~s•r- -,.Z _ _ _ _ 19~_ FOR VALUE RECEIVED il~ ~ a~i~tlj a~rt,d rrr~ra] i~r_ promise to pay ~ to the order of i~ .,~iar~l~ri~. _ - - - ~ the principal surn of ~v~~: IiiU~DI~CD, FTI~'1"! DOLI.ARS, togecher with interest chereon from clace ac the ratt of cen percent. r annum uncil macurity, boch princ~pal and interesc beipg payable in IawEul money nf the Uniced States at 203 Roper ~uilding, Miami, Florida, or at such othcr place as the holders hereQf may designate in wri[ing. Principal and inttrtst payable in installmenss as follows: ~'L~rty ti~o.vo) n.~l.r. g.r ..~ti A~~a,.ia~ e~. s~. Zst~ ~ da?~? Jsl~. 19b5. a~d e~lim~iai ow ths lsth da~ o! ~~?ah ~d rwr~? ~ostb th~rw?t~arr ~alil paid ia t1s1,1. ~ "I'his note niay t~e f~repaid in ~vhole ur in part after one ye.ir Ero~n the ctate hereoF u~~on y~ayment of a penalty ~ eyuivalent to two ~ercent of the principal sum prepaid. ~ ~ Each installmenc payment shall be credited {irst on the interest due, and the remainder on }~rincipal; and interest ~ shall thereupon cease upon the prinripal so credited. ~ f ~ The makers and endorsei~s of this note further agree to waive demand, notice of non-paymenc and pro?.est, and ~ in che event suit shall be brought for the collection hereof, or the same has to be collected upon nemanci oE an actorney, to pay reasonable attorney's fees far making such collection. ! De:erreci payments hereunder shall bear interest at the rate of ten percent. per annum from maturity until paid. ~ This note is secured by a mortgage of even date herewith and is to be construed and enforced according to the laws j of che State of Florida; upon default in the payment oE principal and/or interest when due, the whole sum of principal E and interest remaining unpaid shaIl, at che option of tht holders~ become immediately due and payab;e. ~ ~ ~O~li~iid ~I;;ii:~idi)ti0i~ . u~t. (SEAL) -1_~; ~'~s~..~~~ _tId:.:I_~.:-~.i);~Ol; (SEAL) and shall perform, comply with and abide by each and cvery tht stipulatiane, a~eemenLa, conditioae and covenanta of ~ aaicl promisaory note and of thie dr.ed, shen thie deed ~rnd the estatr thereby erea~ttd ehall ceaee and be null and daid. 1. The Martgagor hereby covenants and agreea: (a) To pay ell a~ad sie6ular the priacipal and iaterest and oth~ ~nens of ineoer p~yrbie by a•irtuq o! ~aid promieaory aute and thie dted, ar either, prot»pdy on the day~ reapeetirely the same ~everall7 betome~ dut. (b) To permit, eommit or sul[er po w~rie ~ud to maintaia the improvemtab rt ~11 tiwa in a state of 6uod repair ~d conditi9n; and to do or permit to be done to wid premisea nothin6 that will dcer or eban6e !he nee and charseter o[ said properq or ia anr way impoir or weakcn the security of thia mortyae. ./IAd in cs~e of thc refaNl, ne6lect or ieubiliuy af the Mort6aaor to rep~ir and maintain eaid property, the Mortgr~te Qur, ~t bis option, m~ke weh repars or uuet tLt wne to be made, apd sdrse~ce moneye ia that bct~mlf. (e) To pay all and sin6ular the taxts, ~s~tununts, levics, liabilitid, and obli6ations o( everi oature on pid deacribed preperty dch snd every when due end pty~ble accordin6 to law, be(ore they become delinquent, ~nd to .deliver to th~e Mort~6et on or before March 15th of each ycar tax reeeipts evidencin6 t1~e pa~mrent of dl lawfull~ impo«ed taxta for the prcced?'na ulendar rear; to indemnifr th~ :KortKa6ee upon hi~ dem~nd for all uxee, aesearmente and e~r6a that rnay be u~ed upon this mort6ase on !he indebtedneee eecured hereby, and paid by the mortReRee, rvithout re6ard to snq law beretofore enacted or hereafter to be enacted impcNin6 pa7meot of the whole or any psrt thcreof upon thc Mort~sgre. ( d) To pa~ al! snd ~iogular the caeta, cLerdes and espcnses, indudins lawyen' fca and abatrace casta rcseonably incarred or pnid at any time by the Mortsagce becauae of the f~ilure on the p.n of ihe iiort6s6or to perforcn, con~ply witl~ and sbide by each and every t6e etipulations, ~6reementa, conditiona and co~entnte of said promieeory note and thie dted, or eitLer, a~ed every euc6 pay~nent ahpi! bur intereat from date at the rate of ten per ccntum per annum. (e) It ie further covcnsnted •nd aRreed by said p~rtia tbet in the event of a Fuit beio~ inetituted to forecloee tlt.is mort6a6e, the ~lort• ~aaee ehall be entitled to rpply at anr time pendin~ ~ach foreelosure enit to the conrt havin6 jurisdiction ebereof for the appeintmeet of a esceiver oF ~It and sin~lar the mort6a6ed property, and of all rem~, incoma, proSts, iarud sad iCYtfIUC! 1bEPEQI, from Mba4oever aource derived; and thereupon it ie 6creby cxpreuly eovenanted and a6reed that tht C~ourt a6all tortbwith appoint tnch receiver with thc ue~al powere ¦nd dutiee of rereivtrs in like caed; ~nd srid •ppointment ahall be madt br the court aa • mattcr of etrict ri~t to the Mort6agee, and without reterence to the rdequacy or inadequrey of the value of the prop~ccrty hereby mort6a6ed, or to the solverecy or ineolv~ncy of the Mnrtgagors or any ot6er party deFendaat to auch 6uit. Tht Mortaa~or hertby speci&catly w~ivea ttu riaht tu object to the appointment of a receicer as aforesaid and hereby ~nepre~sly eonatnts [hat each appointancnt ehall be made aa an admitted equity and aa a mstter of absalute ri~1?t to thc Mort~Rec and th~t the same ma~ be done without aotice to the Mort~~ar. (f) If fore~losure proceedinXa ehouid be ineti?uted t~inst tbe pruperty rovered by this mortLn6t npon any other licn or claim whether alleged to he superior or ju~ior to the lien of thia mort6a~tt, the Mort~a~ee may at his option immediatdy upon inecitution uf euch suit or during the pen3ency thereof declarc this mort~ast and t6e ind~btednrss eecured 6ere5y due and payable forihwith and may at its optiun procced to fore~:loet. thie mortEaRe. ~ (g) That the Mort6aaor will {ceep all rea! •~d peraonal property now or her~after encumbered by the lien of thi~ mortRaa~ inaured as s7~ay be required from time to tiroe by the Mona.ase a~aimt loea by &re, windatorm and other hazarde, eaeualtiea and contingenciee for euch ~.riods and for not less than eueh amoun4 ae ma~ be required by the MortFagee and to pay promptly when due all premiume for eu~h insurance. Thc amounte of ineursnce reqoired b~ the Mortp,agee ghxll be the minimum amounta for which aaid ineurance ehall Le written and it ehall be incumbent upon the Mortgs6or to maiotain such ~dditiunal inenranee as msy be neraaary to meet and coniply fully with all co-iwauraace requirementa contained~ in Mid policies to the eod that the said Mortga6or ie not a caiasnror therr.under. Ineuranct ahalr be writtea bg a company or eompanid approved or ddianeted by the Mort~~ee and a1l policiea ar.~ renewala thrreo( ehell be held by the Mort~a6ce. All dcailed dcaesnations b~ the 14iort6a6or which are srcepted br 4he Morl6a~ee aod all a6reeruente between Mort6agor and Mort6agee rel~tins to imara~e, now ezietins or hereafter made. s6a11 be in writin~ and ehall be a part of this mortgage ag~eement as fully se thou~h ett forth vetbatim herein and ehall 6overn both parties hcreto and their suceeseor6 ~nd aeai~na. 10 lien upon anq o[ baid policies of inauraoee or upon an7 refund or return premium whith may be psyable on the uncell~tion or term"rnstinn thereof, ehall be Riven to other thsn tbe Monpsee, except bq~ praper endorsement ~ffixed to sucb pvliey and appraved by ~lurtga6ee. Each policy of ineurance she11 hsxe afI'ixed thereto o Standard New York Mort~a6ee Cl~use withoot Coatribution, makinR all loa' or loaeea ander euch policy payable to the Mott~aget ss its interest may appear. In the tvent any eum or eum~ of money becomc payable thereuoder the MortgaRee ~luill hsve the optian to reeeive and apply thc eame on a«ount of the indebtednese hereby eecurcd, or to permit the MortKa~or to receive ~nd use it, or any part thereof, without thertby waivin~ or iropairina ~n~ eqvity, lir.n; or ri/,ht under and by virtue of thia mortRaRa In ~vent of los~ or p67siral dan~a~e to the mortRa6rd property t}?e Mort~a6or ehal! Rive imme• diate notite thereof bj msii to thc Mort6aEee an~l the Mort6aKte m~y make proo[ ot losa if thc eamt ie not made promptlT by tht • . "~f ~ ~'~j ~ ~ t ~