HomeMy WebLinkAbout0548 PROVIDED, ALWAYS, that if the Mortaagor ~h,all pay unto the Mortgagee the inde~tednees ~viden~ed by a
certain prnmiseory note of whieh the follovving in wordy and figuree ie a true capy to-rvit:
i Mo~ No~
~ ~7s' Miami, Florida ~1~' l~ ~ 19 ~
FOR VALUE R~:CEIVED Ye, ~oiatl~' isd i~1r~7~'il~_ promisetopay
to the order of ~rQX'~li;_ :~_si~rlai{~JY~'a -
I che principal sum oE + 5~~~~T~~r~~~' DULLARS, together wi[h inceresc,
i therean from clate at the rate of ten percent. per annum until maturity, both principal and interest being payable in
~ lawful money of che United States at 203 Roper Building, Miami, Florida, or at such other place as the holders hereof may
designate in writing. Principal and incerest payable in installments as follows:
~
e
Fort#-t'ivs t ibS.00~ Dollsr~ per soat,h, D~si~ai~ on th~ '
lsth day of July• 1965. suad aontinuisy~ on th~ 1stL da~
~f ~wah aad ~r~s7r ~aath tL~r~alter teatil paid in f~11.
"I'his n~~te niay be ~rrc:E~aiii in tvhule ur iti ~~~u~t .ifter i~ne }f';ir Innn che ciate here~~t uEu~tt ~r.+~~nient oE a E>enalty
eyuivalent to tK~o ~>ercent ut the }~rincip~i[ suui f~reE~aid.
Each installment payment shall be credited first on the interesc due, and the rernaincier un ~riricipal; and interest
shall thereupon cease upon the principal so credited.
The makcrs and endorsers of this note further agree to waive demand, notice of non-payment and protest, and
in the event suit shall be brought for the collection hereoE, or che same has to be collected upon demand of an actorney,
to pay reasonable attorney's fees for making such collection.
~ Deferred payments hereunder shall bPar interest at the rate of ten percent. per annum from maturity until paid. I
This note is secured by a mor[gage of even date herewith and is to be conserued and enforced according co the laws
oE che Stace of Florida; upon defaulc in che payment of principal and/or interest when due, che whole sum of principal
ancl incerest remaining unpaid shall, ac the option of the holders, become immediately due and payable.
_ ~ _,i..; (SEAL)
r~ . - - (SEP.L}
I
and shall perform, comply with and abide by eech and evuy tht stipulatione, a~emente, conditione and covenante of
eaid promisaory aote and of this deed, ihen thie deed t~nd the eetate thereby created ehall ceae~e ~nd be nuIl and void.
1. The Mortgagor hereby wvenants and agreea:
l t 1 To pay ~11 and sinsular the priucipal ~nd iatereat ~nt~ other eum~ of cnoney payablt by ~ irtue o( eaid promiseory nute anJ thie
deed, or either, promptly on the daye re~pectively the aame ~everally beeon?re dvt.
(6) To permit, commit or euEtr na wiete and lo maintain tbe improvem~nta rt all timea iu a etate oi Eood tepai~ and tonditien; •nd
to do or perniit tu be dane to wid preu~iste nothina that wilt ~Iter or eFunge the use snd charactcr o( said propert~ or in an~ way
imp~ir ur weaken the seeurity o( this mort~6e. And ia c~ee ~F the refuaal, ne6leet or iaa6ility of t6e Mort~aXor to repair ~nd maintain
said property, tht Mort6asee anry. •t bie option, make web rep~irs or cause thr ea~ne to bc made, a~d advanct moneys in thst bc6alf.
(c) To pay all and ein~ular the taxes, seeesamente, leviex, li~bilitiee, and obli~aUone nf every nature on ~aid deseribed preperty tarh
s!YPyY WF1P~1 .1ve and nayal~l~ aceordinR to Lw, btfore they become delinquent, and to .delivet to the Mort~oget on or before March
15th o( earh ytar tax receipta e~•idencinR the payment of all lawfully impoeed taxcw for tne precedin6 calendar ye~r- to indemaify thr
'.VtortgaRee upon hi~ demand for all tsxca, ae~CDSment6 and charRe~s ~hat may be sase~~rd upon thia mori6a6t on the indtbtednese eccured
h~reby, and paid by the mort~a~ee, wi~hout re6nrd to ¦ny I~w berrtofore rnacted or her~after to be enacted ia~poeio6 papment of the
whole or any part thcreof upon thc '.4iortFagte.
(d) To p~q all and sin~uler the coets, r6ar6e~ and e:penses, indudiaK l~wyero' feea and aLdtract coata resaoreably incurred or paid at
any time by the Mortsagee because of the f~ilure on the part of tht \iort~For to per(or~n, conaply with ~od abide by rach ond every
the etipulationa, a6reementa, conditions and covenanta of said promieaory note and thie dted, or tit6er, and every such pannent ehell
bP71C interest from date at the rate of ten per centum per snnum.
(e) It ia further covenanted and aRreed by eaid piniee that in the esene af a suit beiaF inst6tuted to forecloee shie mortsage, the Mort•
Ragee shall be entided to apply at •oy time ptndi4iR tuch foredoeure sttit to the court havin6 juriadietion c6ereof for the appointm~nt
of a receiver of a11 and ainsu(nr the mortga6ed property, md of all rents, incomeE, pro6ti, ieaaa and revsouee thereof, from whstsoever
aource derived; end therr,upnn it ie hcreby expre~aly covrnante+d and a6reed that tbe Court ehall forthwith appoint weh receiver with
tht usual powcre and daties of rrceivers in likr caeca; aed eaid appointmcnt ehall bt made by thr coart ae a nuttcr of atriR ri~ht to
~he ~iortRagee, and withnut reference to the adequacy or inadeqwcy of the velue o~ th~ ptoperty hertby mort~a6ed, or to the moh•ency
ur ineolvency of the ~lortgaKors ur any other party defendant to eu~h Euit. The Viort~agor hereby epecifically WilYP,6 the ri~ht to
nbjPrt to thc appointment of a rerei~•er aR aforesaid and hereby e~cpreeely consents that aach sppointment ehall be made ae an admitted
equiry and as a matter oi absolute riRht to the Mort~Ree and thyt the eame may Ue done without notire. to the .•uiortgygor.
ff) If forrrloeure proceedin~a should be institutecl a6aioet the property covered by t~in mortg~ge upon any other {irn ur cleim whether
alleqed to he superior ur junior to the ]ien of thia mort~ae~e, the '.4iurt~agee moy at hie option imn~ediatfly upon inetitution oi au~-h
suit or during tht pen~lency thereof declare this rsiart~aEt and the indebtednese necurcd hcr~by due •nd payeble forthwith and w~ay at
ite option pr~cecd to forertaee thie iuortxaqe.
(gl That the MartFa6or will L•eep all rtal and p<reonal property now or h~r~after encurnbered hy the lirn of thi~ mor~Rage ir6ured
' a~ ~nay bt rcyuirCCl ~rom time to tiine by the Mort~a6ee adainet lose by 6re, windalorn~ and oth~r hazerds, rabualtiea and enntinaenciee
for such pcrioda and for not Iess than such amounte ae may be reqvired by the Mort~agee and to pay prumptly when duc all premiwne
for eu~h insurance. The amounts of inaitrance reqnircd b~ thc 141ort~agee ehall be th~ minimun~ amountR fur whirh eaid inauranre ehell
Le written and it ahal! be incumbent upon tht MoriKa6or to mainuin aueh additionrl ineurAnet ae may he neceaeary to meet and coniply
fully with ell cainaurance requirements contsined in said poLiciee to the eod that the eaid ;hiortpSagar is not • co-inauror thereundcr.
Ineurance shalt' 4x written by a company or eornpanies r~proved or dtaignaled by t6e Mort~5a6ce and all policiea and renewa[s thereoi
~hell ?.~r, held by the hlort6age~, All detailed deeiEnationa b7 t}x ~Sortga~or which a~c accepted by thc Mortgaget and all agree.roente
between MortRagor and Mortgngee rclatinR to ineurance, now ezieting or hereafter mtde, shall bt in writinF and ehatl be ¦ part of thie
mort6age s6reement ae f~lly ae thouRh ee,t forth ~erbatim herein ~nd shall Rovtrn both ~?arties h~reto and their entceaeore and aaai~ne.
:Vn lien upon any of baid policiee of inettrance or upon an~ reiund or rcturn preniium which may be payable on the esnc~llation or
te;mination thereof, ehall be given to ot}~er than e6e VlortgaRte, except by~ Praper endor6em~nt aftixed (0 64C}I ~TOllf) and approvcd by
~lortga~ee. F;arh paliry o( inaurance shali hue a(fized therr.to • Standard New York ~^lortge~r~ Cl~uee without Cantribution, makinF
all loss or IoEnee ander Puch policy payable to t~e ',ltortgagec aa ite interest may appear. In th~ evPnt any sum or eume of money b~rom~
payable thrreunder ~he MortFaRee ehall he~~e tht nption to rective and apply the Rame on ac~ount of the indebtedneee hereLy arcured,
nr to p~rmit the MortFaRor to receive and use it, or any part tlureof, without thercby waivinF or impiiring any eqaity, lien~ or ri~ht
under and by virtue of thie murtRsRe. In ev~nt ot loae or phyeiral damaR~ tn thc m~rtFaKed property th~ ',ltoriK~gor ehall Rav~ imme-
~iiate notice thertoF 67 mail to the '.~fort~agec and tht Hos~tFa~ee may ma~e proei of loss if the aame ie aot mrde prornpdy by thc
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