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Home My WebLink About1431 YROV1UEll, ALWAYS, t~,at ii the Mortga~or ~hali pay untu the 1_Nurtga6c~e the indebteduees ~•videi?ced b~ a certain promieeorv note of which tbe follawin~ in warda aad figuren ie a true capy io-wit: ~ /I'IQNI~gt~IR /V0~ I ~ S- Miami, Florida~ _ 19 b~ ~ FOR l'ALU~: RECEiVED yw~ jpnintir ~ ww..a~~ t.. ~ promisecopay ~ tu the order of__ i•~~_ti~_~~.. _;i,=1~~D _ ~ the princi~al sum of TH 1~ S ~Q tti~ ONI~liCjND~t~:I)~, ;~„~`YI~'J~(`LY,.~`r~I.LARS, together with interest ~ thereon front clate at the rate of'ten percent. per annum until maturity, both principal and interest being payablt in i law~ful rnoney of ehe United States at ~>0~ Roper Building, Miami, Fiorida, or ae such oeher place as che holders hereof may designate in writing. Principal and interest payable in installments as foltows: ~ ~ . j ~'iFty j0.00 ) Uollara p~r sont2r for thirty-fi~?e (~5 ) ~ ~ ~nswauliv~ raaf.Y~• og !he 15th da~r of ~aah atid •v~z~r ~ ~oat?h. bs~inais~g oa the lsth dar ot July, 1963. ~ ~nt ~ wtil ~i ~S~~r ~ ,~ua~, i96s at xhiah i '1'hi~ not ~e r:i ~ c t .~n~~e~~~P u~~on ~~a~~ment ~~t a pen:tlty ! eyui~~alent to two E~ercent ut the princiNal suni ~~repaid. ' Each installmene payment shall be credited first on the interest due, and the remainder on E~rincipai; and interesc ~ shall thereupon cease upon the principal so credited. ~ The makcrs and endorsers of this note further agsee to waive demand, notice of non-payment and protest, and I in che event cuit shall be braught for the ccllection hereof, or the same has to be collected upon demand of an attorney, to pay reasonable attorney's fees for making such collection. I Deferred payments hereunder sh~ll b~ar interest at the rate of ten percent. per annum from maturity until paed. ~ 'I'his note is secured bY a mortgage of even date herewith and is to be construed and enforced according to the laws ~E ttie Scate of Fiorida; upon deEault in the payment of principal and/or interest when due, ehe whole sum of principal rincl interest remaining unpaid shall, at tht option of the holders, become immediately due and payable. ~ (SEAL) I iL.i.Ja~1~J.~li ~ _ ~ ~J~ ! : .r_ -t:fl;.: _------~SEF~.~ I ~ and ehall perforrn, comply with and abide by each and evtry~ tlne etipulatione, agreementa, conditiong and covenante of eaid promi~ary note and of thia e~eed, ihen thie detd and the eetate thereby created ehall ceaFe aod be nuil ~nd void. 1. The Mortgagor hereby covens?nte aud a~reta: (a) ~'o pay dl and oin~ular the principal aad iaterut and other sum~ ot money payrble by ~irtue of aaid promiaeory nute and thie deed, or eithcr, promptlr on the di7e rdpectivclr tht aame ~eve~ll~ becon~d due. ( b)"Po permit, commit or sulfrr no wapt ~nd to maintain the improvemeab rt all times in a etste of 6uod r~pair and tondition; ~nd to do or permit to be done to said premiaea nothin6 that will alter or c6an6e tht uee ~nd chara~ter of said propert7 or in anr way impair or wea{cen tl~e seeurity of ~hie mort6a~e. And in taac of the refnsal, ne6ltet or inabilitr of the Adort~aor to repair and maintain eaid property, the Mort6a6ee ~ay, at bis option, make such rep~irs or cauee the sume to b~ mydc, and ~dvance montye in that be6slf. (c) To pay all and ein6ular thc tases, asees~mente, levid, li~bilitiea, end oblipuone of every wturt oo stid dexribed preperty ueh and every when due and payabit accordina to law, before they becoroe delinquent, ~nd to .dtlivet to the Mortgs6ee on or bcfore Mnrch 15th of each rear u: reeeipte evidencin~ t6e payment of all lawtully impuaed tactu (or the precedin~ cdcndar ytar, to ineleroaiiy thP MQ~6~6ee upon h'st dtm~nd for all tazee, aasesamenta and ehar6ee that may be asscrsed upon tl:i~ mort6a~ on the iodebtedncee eecured liereby, and paid by the mortptaRet, without re~ard to rny !~w berctofore enacted or her~aftrr to bt rnatted im~weinF piynunt of Ih~ whole or any part thcreof upon thc MortKr~ee. ( d) To pay all and ~iu6ulu t6t coets, char6es and ezpensee~ indudin~ lawyere' feea and abetrart coeta reaaonably incurred or paid ~t ¦ny time by the Mort6a6ee becausc of the Failure on the part of the iiort~a~or to ptrfonn, caaiplr with and sbide by each ond every the stiputxtioas, a6recmeata, conditione anr~ covrnante of eaid promieaory note and th9e cked, or eitber, ~nd every eucb pa}nnent ehall bear interdt from dste at the rate of ten per centurin per anaum. (c) It is further covenauted ¦nd apreed bp uid parties tbat in the event of a suit being inatituted to forecloee t6ie mort6a6e, t6e ~lort- 6s6ee rshall be entiiled to apply at my timc pendiu6 toch foreclwurt auit to tht court hivin6 jurisdiction ebetraa( fnr the appoiatment of a rectiver of all and ein6ular the mort~a6ed properiy, ~nd of dl renu~ incoma, proStr, isaud end nvenuts ihereo~, from wbstaoever eeurct derived; and therenpon it ie 6creby expresal7 eovensnted and •6ratd ihat the ~ourt t6al! forthwith appaiat aath rectiver with the u~ual powers and dutiee of rccciverc in like casa; ~nd said .ppoiAcu~e~~ eball be made br ~he conrt sa a mattcr oE etrict ri6ht to the MortaaEee, and without reference to thr adcquaty or intdeeawcy of the v~lue of the property 6ereby mor4~a~ed, or to the eolvency o~ ineolv~ncy of the Mnrtga~ors nr any other party deitndant to eurh suit. Th~ Mort6a~or herehy epttifically waivta the right to object to the appointment of s recei~•er as a(oreaaid ~nd hereby txpresely consenta that epeh appointment shall be mad~e ae an admitted equity ¦od as a m~tter of absolute riRht to the MortSsgee and thwc the same may be done without ootice to tht Mort~a~or. lf ) If foreclu6ure proc~edin~s ahould be inetituted •gainst t1~e propert~ covered by this mort~a~e npon any other iien or claim whether allesed to he superior or junior to the lien of thia mort6aae, th~e Mortga~ee may at hiE option immedistely upon inetitution o[ such suit ur during the pendency t;~ereoi declare this moRaa6e and tbe ind~btedn~ss eecured hereby dae and pay~ble fnnhwith and may at ite opticn p~o~eed to forerloac thie uiortEaRt. That the :1{ortgeaor wil! Ltep all real and penonal propert) now ac hereafter encumbcred by the lien of thie mortpca6~ ineured ~ aE rnar be reyuired from timc to tiine by the Mortaa6te •~ainai lsea by 5re, windatorm and other hasards, casualtiee and contingenciee for such periods and for not leas than sueh amoanta u may be required by ihe MortEa6ce and to par promptly ahrn due all premiurnn for eurh inauranct. T`he amountE of inaursnte rtqnired b~ tbt Mortp,a~ee ehall tx lhe minimum smounte for whith esid inaurance ahall Le writtrn and it ehali be inrumbent upon the Mort6a6or to tmaiutain anch additiun+~l ioearance ae msy be neceuary to meet and eomply fully with all co-insur~ace requiremeats contained in ~aid policid to the eed that the eaid Mort6aaor ie not r co-inaaror thereunder. Ineurance ahal!' be written bv ¦ cornpany- or companid approved or dteisnated by the Mort6asce and all polieiea and renewals thereof ehall be held hy the MortRasee. Ali det~iled dai~nations b~ tbc Mort6asor which ¦re aceepted by the Mortaaace and all t~yreen?ent,a Letween MortFagor and Morcgagec rejati46 to ineuranee, now tsietina or hrreafter mpde, s6a!! bt in writin~ and ehall be a part of thie mortgaEe a6reement aa fnlly ae thou6h ~et iorth verbatim heroin end ehall sovern both parties hereto and their sncteedore and aeaiRns. \o lien upon anq of baid polieiea of inaurance or upoa an7 refund or return premium which may Le payable oo the cancell,a~ion or termina~ion thereo(, thall be Riven to ot6ee than the Mortg~6ee, excegt by proiper endorEem~nt ¦flixer~ to euch policy aod ypproved by ~{ortRa6ee. Each golicy of ineurance sh~ll haxe affixed thereto ¦ Standard New York MortEaEee Clauee withaat Cootribution, melcint all lose or loeaee nnder euch policf pay~ble to the Mort~agec aa ita intereat may ap~ar. In the ev~nt anq eum or eume of ~noney br~om~ payable ther~under the MortgaRee ehall have the option to reeeive •ad apply the same on sc~ount of the indebtedne~s hereby ercured, or to pcrmit the Moirt~a~5or to receive and use it, or iny paR thereof, without thereby waivinR or irn~pairin6 aoy equity, lien~ or riRht urder and by virtne o( this mongaR~. In event o( lots or ph7~i~al damaRe to thr mortFa~ed proax:rty the MortRa~Sor Fhall Riv~ immv- ~li~te notict thereof by mail to t~r Mort~r,aRee snd the Mort~rRee mry makc proof of loss if the aame ie not m~de promptly h} rhr V ` F* rl r: , ~ 1:~t~ - ~