HomeMy WebLinkAbout0181 3'!~()VIDEU. ALWAY~, that if tht Mortgagur eha.ll pay unto the Murt~agee the indebte~~nees e~videnced by a
rPrt+un promi~ory aote o[ which the foilowin~ in worde an~i fibures ie a txue copy to•wit:
Mua~yoqs No~i
2~ Mia~mi, Florida iLa7 7~ 19 .~.5
FOR VALUE RECEIVED M~~_~~i~tl~ a?l~~! s~~l'~]~'t~~j _ prornise to pay
to the order of ll~?At' t!~'A'A3i
the principal sum of d~ ~~V~A1iD. _ TMO HU~DRT4D DOI.LARS, togtsher with interest
chert~n irom clate at ehe rate of ten percent. pcr annum uneil maturity, both principal and interest being payable in
lawful rnoney of che Uniced States at 20~ Roper Building, Miami, ~'lorida, or at such other place as the holders hereof may
~ designate in writing. Principal and in[erest payable in installments as follows:
~ 'rir~al~-~ti~r~ ( ~2g . ~ ) Dol l~.re pa?r a~a~~D ~~iaains aa th•
; lsth da= o! .Tnl~. 1965. a~d Qesiti.auia~ os th~ 1Stb d~?y
~aah aad ~r~r~ aonth thorra!'t~r u~ttil pai.d in tall. j
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"1'his note may be E~re~~ai~l i~~ ~rhole ~~r in E~art afcer one year tro~n the ilate hereof uE~on E~ayment of a penalty
eyuivalent to two Nerrent ot the principal sun? prep.iid.
Each instaflment payment shaIl be credited first on ehe interest due, and the remainder on ~rincipal; and interest
shall thereupon cease upon the prinripal so rredited.
The makcrs and endonen of this note further agree to waive demand, notice of non-payment and protest, and
in che event suit shall be brought fnr the collection hereof, or cht same has to be collected upon demand oE an actorney,
to pay reasonable attorney's fees for making such colltction.
Deferred payments hereunder shall bear interesc at the rate a~ ten percent. per annum from maturity until paid.
This note is secured by a mortgage of even date herewith and is to be conscru~ed an3 enforced according to the taws
af [he Stace of Florida; upon defaulc in the payment of principal and/or interest when due, the whole sum of principal
ancl incerest remaining unpaid shall, at the option of tha holders, become immediately due and payable.
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and shall perform, comply with and abide by each and every tht stipulatiofle, a~reementa, conditions and covenanta oE
~aid promiaaory note and of this dr.ed, then thie deed ond the estate thereby created ehall cease and be null and void.
1. The Mortgagor hereby covenanta and a~rees:
( a) To pay alt md ~insular the principal wd inttreat and other ~am~ of mooey p¦y.ble by ~ irtue ui eaid promiseory nute an3 tt~ie
deed, or either, promptly on the dape respectively the same xveraliy beeomae due.
ib) Ta pern~it~ commit or euQer no waete rnd to mainuin tbe improvemeni~ at el! time~s in r etate oE auod repair a~ condition; and
to do or ~rmit w be done to wid premieea nothin6 t6~t will dter or eh~n~e the aee aad cturacter of wid propert7 ar in aor way
iinpair or weaken the ateurity of thie mortaa~e. And in ca~e of tLe refusal, ne6lect or inabileiy oi the Mort6agor to rep~ir and maintaiu
aaid property, tht Mort6a6ee ~ay, ~t hia option, make ~ueL rtprira or esuee t6e wme to be msde. aqd advance moneye ~n tLat behali.
( c) To pay ell and ~in~ular the t~xes, aseewroenta, levis~, liabilities, and oblibauone oi ever~ nstun oo ~tid dexribed peopeny each
and every when due and payr6le accordinR to law, beFore tLey bccome delinquent, and to deliver to the Mort~6ce oa or before March
15th of uch yeAr ux receipte ecidencin~ the payment of al! Lwiully imposed taxes for the prece~3ina ealendar ytar, to inderonify thc
13ortga~;ee upon his dem~nd for atl taxea, aase~amente and ehar6es that m~y be asaeaeed upon tlfis mort~a~t on the indebtedoeee etcured
he;eby, and paid by the mortRaRee, withuat re6ard to any l~w 6eretoforo enaceed or hereafter to be tnaeted imFwein6 pa~nent of the
whule or sny prrt thcreof upon tFc'.M1ortRagee.
I d) To pay al! and eingular ehe cuete, char6ea and es{xwta, iududin~ lywqen' fets and abstract coete rusonably incurred or p~id ~t
arry time by the Mortgagee becauu o( the failure on the part o( the HortEaEor to perfonn, eomply with ~nd abitk by tach and every
tht stipulationa, aareements, ronditions and co~~cnante of wid promiesory ~ote •Rd [b16 deed, or either, and every eue6 pannent ehall
bcar interut fram cLte at the rate of ten per centum per annum.
(e) It is further tovenanted snd a~crttd by eaid partits thst in the event of r suit beioE 'snetituted to (oreclose t6ie mon6a~q ?he Mort-
FaKee ahall be entitled to apply at ~ny time pendius ~nch forceloeure anit to the court tuvina jurisdietion e6ereof for tbe sppeintc~ent
of • receiver of tIl and einEular t1~e mort~a6ed property, and of al! rent~, incomes, pro&1a, usud md reveaud thereof, from w~uoever
source de~ived; and t6ereupon it ie hcre6y cxpre~ely eor•enanted sad agreed that the Court s6d1 forthwith rppoiut euch receever with
the uaual powero and duties of re~eivers in lilce casd; aod arid tppointment a6r1I be made by the eoart as a msttcr of etrict ri~6t to
the ;HortKa~ee, and withuut reference ta the adequacy or inadeqwer ef thr v~lue of the property hereby n~ort6a6ed, ar to tht eolvency
or insolv~ncy of the Mnrtgsgors or any other party defendant to euch 6Ul[. TFIC MortRs~or bereby epeeifically waivta the riEht to
object to ihe sppoentment of a rceei~•~r ne a(orceaid ancl hereby apressly conaents that each appointment ehall be made ae an admitted
rquity and as a motter o~ •hsolute ri~ht to the A4ort~rKee ~r+d thwt the aame may he done without notice eo the Mort6aaor.
(f 1 If forecloaure proceedinas ahould be inetiwted a~ia~t the property covered by this mort~a6e npon aay other iieo or claim whether
a1leRed to be superior or junior to the lien of thie ~ortga~e, the 1~fortga~~e fI1Qy at hiF option immediately upon inetitution of such
suit or during th~ p~ndency thereof derlare this mort~6e and tbe indeLtednPSS eecared 6~rehy due snd payable forthwetl~ and may at
ite optian proceed Io forecloee, thia mortRaFc.
~ (F) That the 3(or4FaE~r wil] i:eep all rea! ¦nd perronal property now or ~~r~aiter tncumber~d by the lien of this mort~e6r insured
~ ae ~my be rcquired from time to time by the blort~a6ee ~gainst lo~e by fire, windstorm and othtr hezards, ~aeualtiee and continRenciee
(or such perioda and tor nat leas than such amounta ae may bt required by the Murtaagee and to pay pron~ptly when due all premiuma
for eu~h insurancc. Thc emounts of ineurance rcqnired by the Mortgagee Rh~ll be the minimum smounts for which asid ineurence eha11
be written and it e6a11 be incumbent upon ihe Mort~a~or lo maietain eueh additional inearrn~e ae may be necessary to meet end comply
fully with atl co-inaunnte roqnirementa eont~ined in wid policies to the ead that t6e eaid Mortp,raor is noE a co-inauror ther~under.
Ineurance ahalt be writtcn 67 s company or companite approved or dtsigneted by the Mor3r5a6te and all poli~iea and renewals thereof
ehall be held t,~~ the Mort6asee. All detiiled dtsi~natiom b~ the Mart6s~or whic6 a~e actepted by the Mon~a6ee end rll a~reen?ent~
between MortEagor sad Mortsagee relatinh to insurance, now ezittinE or hereaftu made, ehal) be in writinR rnd eh~ll bt a part oi thie
mortgaac agrtement os fully ae thou~h eet fureh verbatim herein and ehall govern both partits hereto •nd thsir eucceaEOrs and aseiFne.
tio lien upon any of baid policiea of inearance nr upon aa~ refund or return premium w~ieh rn~y be payable on tl~e ~.ancell~tion or
terminatian thereof, sFull be Fiven to othcr than the Mort6s6te, except by~ proper endoraement afi'ixed to Ruch policr and ~pproved t~y
'~tortRa~ee. E;a~h policy o( ineurance ehall haxe ¦ffised theceto ~~+tandard Plew York Murtg~Eee Clruee withoat Contribution, makin~
ell lose or loeate andtr euch policp payaUle to the Mort~aEee ae ite interest may appear. In the event sny eum or ~ums ot inoney b'~on~e•
payable thereundcr thc Mort~aFee ehell have the option to eeceive and epply the aame on acronnt of the indebtednree hereby eecured,
or to permit the MortRa~or to rec~ice ¦nd uee et, or any part thereof, withont thereby waivinR or impairinX anq tquity, lien~ or riRht
imder and by virtne of t6i~ aiortRaRe. In event of loer or ph~eiral dan~a~tt tn the mort~;aFtd property the MortRaRor ehall R~ve imme-
diste notice therrof 67 mail to the MortRaEee and the NortEaFte may make proof of lose if the esme ie not mr~e promptly by the
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