HomeMy WebLinkAbout0613 PROVIUED, ALWAYS, that if the Mortgagor shwll pay untu the Mort~age,e the indebtedneas cvidenced by a
certain promieeory ncte af which the follnwina ux worde and figures is a true copy to-wit:
~ ,yra,,~`go~s /Yd,~, 6
s ~c _ oA Miami, Florida ~?7 21 19 ~
FOR VALUE RECEIVED _ Y~~ ~oiatl'r a~d •~~?~s'sll~'_ promise to pay
to the order oE ~~'l~t1U~ ~?~II~I1 - - -
the principal sum of_ "I`It10 ~JUS~KD. ~D~~+ _ OI.I.ARS, tagether with inttrest ,
thereon from clate at che rate of ten percent. per annum until maturity, both principal and incerest being payable in
lawful money of tl~e United States at 203 Roper Building, Miami, Florida, or at such other place as the hold~rs hereof may
designace in writing. Principal and interest payable in installments as follows:
' yixtT (#60.00) Dollsrs p~r Moattt b~sainnia6 on t~• lsth
da?T of Jul~r. 1965. +a~d aa~utinui»6' +a?~? th~ lsth ~day of ~ ~
~ ~s?ah and rwr~ ro~nth tb?~ivaft~r imtil psid i.r~ t1~?11.
"1'his nute ina}~ I~e ~>reE,.?icl in ~~~t?ole or in ~~art .iFter une ~c•:u- Erui~~ the ~iate hereuf u~,on E~ayiiient of a F1fI1:llfy
eyui~~alent to two Ncrccnt ot the Errinc~ipal sutn prepaici.
~
Each installment payment shall be credited first on the interest due, and the remainder on ~rincipal; and interest
shall thereupon cease upon the principal so credited.
The makers and endorsers of this nott further agree to waive demand, natice ot non-paymenc and protest, and I
in ehe event ~uit shall be brought for the collection hereof, or the same has to be collecced upon demand of an attorney,
to pay reasonable attorney's fees for making such collection.
Deferred payments hereunder shall bPar interest at the rate of ten percent. per annum trom maturity until paid.
'I'his note is secured by a mortgage nf even date herewith and is to be construed and enforced according to the laws
oE the State oE Florida; upon default in the payment of principal and/or interest when due, the whole sam of principal
ancl interest remaining unpaid shall, at the option of the holders, become immediaeely due and payable.
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:1.,_~~i .x~:.~C:JJ.I~
(SEAL)
and shall perform, comply wiih and abide by eneh and every tht stipulatione, a6roementa, conditione and covenante of
eaid promieeor}~ note and of this dr,ed, then thie deed an~d the eetate t}~ereby crasted ehatl ceaee And be null aud void.
1. The Mortgagor hereby c~ovenant8 and a~reea:
To pay all ~nd sin6ular tLe priutipal and interut aad other ~um~ o( maney payable bY ~irtut of eaid promiseory oott and this
deed, or either, prompdy on the day~ rupeetively the eame ~evrrally beconiee due.
(b) To permit, comimit or ~u~cr no wute aed to maintai~e tLt improvemcuU at all temce in • etate oi ~uod reprir .and canditian; and
to do or permit to be done to eaid premiata not6ia6 tLat will dter or e6am~e the nse and character oE asid property or in any way
impair or wcaken the aacnrity nf thia mort6a6e. And in us~e of the refusal, ne6lect or inabilit~ of the Mort6aaor to re.p~ir and maintain
aaid property, the Mort6a6ee ~ap, ~t his option, make ~nch rep~irs or uuae the wne to be made, aad advance moneys in that be6alf.
(e) To pay all snd sin6ular the t~xes, t66CMTItIC0I6~ IG91!'a I1rI7IIIlIC6~ and obli~atione ai every aature an wid deaeribed preperty each
and every whtn due end pay~bls ~ceordin6 to law, before t6ey becon~e delinquent, and to .dsliver to thc iviorigaEet on or br(ore Mwreh
l~th of each yt+~r t~x r~.cipia evideacin6 ii,r p+y:~~nnt of ali la~iu:ly :iu~red tax~s fo.- th;. j'i:cttdlD6 ealendar 7ear• to indemniiy uir
?Hort6a~ee upon hia demand for all tazea, asadsmenu and eh~r~et that may be sssea~ed upon this mart6a6e on the indebtedaeee eecured
hereby, and paid br th~e mortRaRee, without re~ard to •nq law berrtofore enacted or hettafter to be cnaeted imposing pqment of Ihe
whole or my p~rt therto( upon thc Mort6s~ee.
(d) To pay all and sin~ular t6e cos~s, char6er and e:penses, indudina lawyere' fca and aLetract costa reuanabll incurred os paid •t
an~ time by the Mortaa~ee berause o( thc f~ilure on the p~rt ~+f the HortEa~,or to perform, con~plr wec~ ~ud abide by each and every
the ~tipulationa, a~reemeata, conditions and cocenantu of said promieeory note end this dted, or eithcr, aod zvery euc6 paywent ehall
bear inte~a~t 6rom date at the rate ot ten per centum per ~swura.
(e) It io further covenantrd snd rpreed by wid p~rties that in tbe tvent of ¦ enit bein6 instituted to (orrclose tLis mort~a6e, the hlort-
~agee ahall bt entided to apply at •ny time pendius ~uch toreelo~ure euit to the court havin~ jurisdiction ehereot 3ot the appeiouncnt
of a rectiver of all aad einsular the mort6a6ed property, and of dl renta, incorarae, profits, ieeuee end revenues 1he~eof, from Mrhrtsoevee
source derived; and thereupon it ie herebr expreasl~ eovensnted and •6reed tbst the Court ~hall ferthwitb appoint eu<h receiver with
the usua( pawers and duties of receivers in like uees; and said appointmcnt shrll be made br the conft aa a matter of urict ri~bt tn
the Mort6a~ee, u~d without reference to ehe ~dequacy or iaadeqnaey of the value of tbe property hereby morrFaaed, or to the eolvency
or ineolvency of the Mort~agore or any othte party defeadant to euch suit. The Mort~aRor hereby epeei6eslly wsivee the ri6ht to
ubject to the appointment of e receive~ ae aforesaid and 6ereby ecQressly consenta that ench appointment ehall be made ae an admitted
eyuity and ae a mattzr oi ab9olute riRht to the Mort6a~ee end thlt the same may be done withnut noti~e .a ihe Mort6a6or.
(f) If forecloaure proceedings ahould be inetituted ~6ainst tbe property covcred by thie mongaat npon aay other licn or claim whether
alle~cd to bc superioe or junior to the lien oi this mort6ase, the MortgaFee may at hi~ option imroediately upan inetitution oi euch
suit or durin~ the pendency thcreoF declare this mort6a~e and the inde4~tedness eecurcd hereby due and payable forthwith and may at
its option proceed to forecloee lhee mortEagt.
That the Mort6a6or will l-eep all re~l snd ptr~onal proptrty now or hertafter encurnbFred by the lien of thie mortRa~e ineured
aR may be req~irrd from tim~ to tiine by the Mort6t6ee ~6ainat loea b~• fire, windstorm and other hazar~lE, casuattiea and contin~r.ceciee
for auch pcrioda aad [or not lesa than euch amounU u mty be required by the Mor~~agee and to pay prompdy w6ta due ail premiume
for surh insunnce. The amounte of inbarance reqni~ed b~ the Mortgagee Fhall be the niinimum imounta for which eaid insuranee ehall
be written and it ehalt be ineumbent upon the Mott~r6or to maintaio such ~dditiunai inearrnce ae may bt neccatary to meet and comply
fully with sll caineurance requirementa conuined in said polieiee to the end that the eaid Mortgasor ie not s tainearor thereundcr.
Ine~:rance shilf bt written by a company or eampaniea appeoved or deaisr?ated by t~e Mort~a6ee and all policiea •nd renewals thereof
ehall be held by the MortRagee. All deuiled deeigi~tioea b7 the ~Iort~teaor whic6 are sccepted by the Mort~6ee a~id all a6re~n:ents
betwten MortFagor and Mort6aget rclatin6 to ieuurance, now e:ietin~ or hereafter made, ehall bt in writinR and ehall be a part af thie
mortgast •sreament ar fully ~a thoush eet forth verbitim htrein and ehall 6ovem bath partie~ hereto ~nd their sneceseore nnd aeai~ne.
No lien upon any of baid policiea of ineurance or upon ~ny refuad or rcturn premium whi~h m~y be paysble on the cancellation or
termination thereo(, e6s11 be Eiven to otber thao the Mort6a6ee, ezcept by proper endorsement afTixed to guc6 policy and approved bq
ltortFa~ee. Earh policy of ina~rance nhall h~ie atfized ihertto o Standard New York Mortsaaee Clauee withoat Coatribution, makin~
¦I! lose or loeeea ander eurh policq gayable to ihe MortKa~et ws ite intereat may apptAr. In the evcnt any ~um or eume af ~noney brron~r
p~yable thereunder tht MorigaRee ehel) have t6e option to rective and apply the eame on a~count o( the indebtcdneae hereby eecur~d,
or to permit the Mort~ta~or to receive and uae it, ot any part thereof, without thereby waivinE or impairinq aoy eqnity, 1ier~ er riFht
under and by virtne of thie mortgaFe. In event o( loe~ or phaeical datna}~e ro ihe ~nortRaEe~I propetty the Mort,~agor ehall 6~ve imme-
~iirte notice thereof 67 msii to the Mon6a6ee and tbe MortgaFre may make proof of los5 it the ~ame ie not made promptly hy thc
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