HomeMy WebLinkAbout2950 PROVIDE~, AL~AYS, that if the Mort~a~or ahall pay unto thc Mortgagoe the indebtedncea evidenced by a
certaiu promia~ory note ot whiah t6e followin~ in wards ~nd Sgures is a true copy to-wit:
A~?~~
s~ Miami. Florida 2• 19 ~s
~`OR VALUE RECEIVED !~'t ~0~~ ~ =N~~~ pramisetopay
co che order of i'ZA.7L R. S!'4I~c%1'I~+ 9iLd 1~'I'~~1:'.R ~Ai~1,~3AN~ h1s wiSe ~
' the principal sum of ~L) 4H0~ 8~ DOI.LARS, together with interest
thereon from ciate at che rate of ten ptrcent. per annum until macurity, both principal and ir~terest being payable in
lawful money of the United Stata at 20~ Roper Building, Miami. Florida, or at such ottier place as the holders hereof may
designate in writing. Principal and interat payablt in installxnentt as follows:
81Z~~T~ ~~5.~~ DA~.lil"~ p~! ~OI~I'~ 01 ~hr
lsti~ aay as s+~p~.~ar a965! eoa~tis~ialc on tb~ 15th
{ vf o~ ~ a't'er~r man#h t~hsursa~ff'~ v~atil y~i8 in
~1' !
'I'his note may be ~~repaiei in ~~•hole or in }~art aFter c~nr ye:u i~uni tt,r c~ate I~ereuf ?iE~un E~ayn?eut of a~~enalty
eyuivalent to tw•o percent ui the principal sun~ prepaid.
! Each installment payment shall be credited first on the inter{est due, and the remainder on Nrencipal; and interest
~ shall thereupon cease upon the principal so credited.
~ Th~ m~kers and endorsers of this note futther agree to waive demanc~, notice of non-~ayment and protest, and
in the event cuit shall be brought for the collection hereof, or the same has to be collected upon demand of an attorney,
co pay reasonable atcorney's fees for making such collection.
DeEerred payments hereunder shall brar interest at th~ rate of ten p~ercent. per annum Erom maturity until paid.
This n~nte is secured by a mortgage oE tven date herewich and ia to be conscrued an3 enfarced according co the laws
of the Scatc oE ~lorida; upon default in the paymcnt of principal and/or interest when due, che whole sum of principal
anci interest rernaining unpaid shali, at the option of the holders, become immediately due and payable.
Irvin ~Tul~;~:lore tSEA~,)
-~~,.~-l~e V~~~a~ao~-a - (S~)
and shall perform, comply with rnd abi~le bT ~each and evecy the ~tipulatione, a~rixmenta, canditiona~ aud covenant8 uE
eaid promieaory note aad of thie de~d, then this deed aad the estste thercby created ehail ceaae snd be nnl~ and void.
1. The Mortgagoa 6ereby ooveas?ntr and ~~eea:
Tn pay all md ~ie6ular tLe priscip~l and i~ereat and stber smn~ .t mooe' wyable by ~~irtue of wid pron~isaory note and tbis
deed, or either, prnmptly aa ~,e d.'. ~~ely +be woe .~.~u. beeomee dne-
( b) To pernnit, cummit or eu11`er ne wa~te snd !u mawtaia tbe impcsvemeWS ~t all timer ia •~t~te of aood re~prir rsd c~~dition ; a~d
to do or permit to be done to wid premisa na~thia tlyt ~rill dur or chaa6e t}?e me and eQuracter of said propert~ a~r in ~nr way
impair or wealcen tbe ~eenrit~ of tLi~ mort~a~. An~ ia we o( tbe reiwal, ae6lect er in~biliq o~ tbe MeKpae~ re~ir snd mai~tsie
w;d propcrt7, tLe Mortsrsee ua7. at 6i~ eption, mske ~neh rep~irs or cawe ihe ~uae t~ bt ~de, aNd sdvasee aeonty~ in t~t beh~lf.
( e) T~a ~?ay all aod sin6ul~r the tazes, awaiauenta, leviea, liabilitir,a. and oblipitiom ~ every namn on s~id ~etibed Pr+PeKY ac6
and every when due aad pay~ble aecordi~~ to law, before tber be~come delinqucot, wd to .deliver to t6e Mortp~e~t ou er beferc Mirrh
lSth of eaeh yar ax receipts evideneia6 tLe p~~ent of dl Iawfullr unj?oied tud (or t6e preetdin6 calendar 7ear; to iademnifr the
Mortgaaee upon hu demand for all tuea, as~ewments aed eh~r~er th~t may be ass~ed upon this martgs~e on tbt iadebtedaeee eecnred
hc~eby, ~nd paid b~ the mortsa6ee, without n~a~d to any law 6eretofore eaacted or hereafter to 'be ta~eted impaaio6 ps~ment of the
whole or ~ny part thereof upon the Mort6aset.
(d) To p~y all and ~ia~nlar dae coata, ch~r6w aod esperaes, iududin~ lsrvyen' ftes and ~stratt tosta reawnab' Ip incurred or paid •t
~ny time by e6e Mort~a6ee because of the f~ilare on the part of ehe lqort6a~ar to periorm, con~pl7 with md abide by ae6 and evcry
the rtipulatio~n, •6reemeata, conditior?s and covenanu of aaid promiuory note snd this dced, or eitLeq aad every sueb pa7rment ehafi
bear interest from date at the rate o( ten per centum per uwam.
(e) It is fart6er covcnanted and sp'eed b~ widpa rties t}ut in tbe event oE • enit beia6 ia~tituted ts foretlese ihis mortp6t, the Mort-
ga~5ee a}ull be entided to app17 at an~ time pendin; sach toreelowre sait to tbe eettrt luvin6 jurudietian eben~ot far ebt ~ppsi~nent
of a receirer ot all snd sinsnlrr tLe mort~aBed praperiy, and ot all rtuts, incoisd, pro$t~, ueua and revtune~ t6ereat, from whrtao~ver
sauree derived; and thereupon it is t?creb~ expreasl7 eovenrated and a6re~ed tbst tbe Cenrt ~ll forthwith appoint s~cch ree~iver with
tht usnal powen utd duties of receiven in likc ca~; oed rrid appoint~ent al~ll be made by tl~e coart ao a matter oi strid ri6ht to
the Mort~a6ee, and without reference to the ~deyuacy or inadeqaatr o! the adae a( the property hereby merxsa6ed, or to the eolvency
ur insoivcncy vt t3-,c ~i~rt~g~r. o.- ::~y at~r p:rty 3x~tads~s ta aurh auit. T!x !~iongag~r ~eseb7 !fi~~fi!'~~j7 w~ivn~ tLe ri~ht to
ohject to the •ppoiutmeat of a reeeiver re atoreeaid and hereb~ aprtnly consents that roeh ap{wintment rball be made as en admitted
equity and sa a matter of absolute ri~?ht to ihe lliortp6te and tb~t thc eame ~na7 be dotse without notiee to the Mo~t~s6or.
(f ) I( (orocloaure procetdin6s ehould be imtituted a~tiuat tbe property cavered by thi~ mortga6e npon :ny other lien or claim whether
alle~od to be superior or junior to tht lien of thie mort6a~e, th~e Mmrtgn~ce n~~y st hi~ option imrmdistelr npon ioatitutian ot euch
auit or durin6 the pendeocy thereof declrn thi~ mortp6e aad tbe indebtednesi strured txreb~ dar. and pa~ablc forthwith and may •t
ita aptio~ prurecd to foreclose the~ mort~6t.
~ (F) That thc Mart6asor will keep all real ~nd penow! proper~ now or hereafter encumbcred by the lien of thie mortRs6e ineured
~ aa m~y 6e requircd from time to ti+ne by tht MoR~a6et. ~raie~st lwe b7 fire, wiadstorro enci other }uuaards, eaaualties aad contin6enciee
for such perindn and for not leas t~an sneh aaaometr u~r be reqoired by the Mort~a~ee and to pa7 promp~y .+6en due r!1 prerceiume
for such ineurance. T'he ~xaounta of insurance reqnired b~ tbe Mort~aget ehall be the minimmn amounta for which eaid 'eneannce ehali
be written and it ~hall be ineumbeat npoa thr Aqort6aser to oataauin awe6 additional in~nranee ae may be neceasary to mect ¦nd comply
tully with all cainsurance requiremenu C4Ut~IR~ Ip p/A ~'C1tlw [9 tLe dnd tMt the pid Mort6a~ar u not a eo-insnror eberwnder.
Iruurance shalt b~ ~vritten b= ¦ compmy or tom~.u;a •ppro~ed or desi~cuted br cbe Mortp~te and all policiea and renew~la thereo(
sha?t be 6eld by the Mort6a6ce. All des~iled dn*-~a~;ami b~ tLe Mor4~{aaor whic6 Fre aeeep~zd br ~t?e Mon6.6eE •nd ~ll sgr.ea~ente
t~etwecn Mort~r,a6or and Mortpaee relatin6 to i~uraeee, now ezi~tin6 ar hereafter mrde, ehall be in writioa aod sball be a p~rt o! thie
mortgage a~eement es fally aa tbonah ret (o~ vtrbuim btrein ~nd ~hall aovern both p~Riea hereto •nd their succeesors and ass~Fne.
~10 lien upon my ot ~aidpo litiea of ina~arance or apon aa~r rdna~l or return premium wbich may be papable oe tLe uncellation or
termination tlureot, ehall be ~iven to othtr than tbe Mortp6ee, e:tept by~proper endorsemrnt a~xtd to ench polie7 and approved 67
wtortg.aee. Each pol~cy ot inaunnce shall hue al6xed thereto a Stsndard New York Mart~a aee Clauee withoat Contribntioa, rosting
¦I! losa or losses andtr sueh potierpa ysble to t6e Mortaasee as ib interest m~7 appesr. In the event any snm or snm~ o( money be~omc
payable thereunder the MoetgaKee shall have the option to receive and ~ppl~ the earne on atcount of the indtbtedness 6ereby eecured,
ar to permit ths MoetFagor to receive aad use it, or aa~ p.n ~thereof, wit6out e6~reby waivin6 or iropairin any eqaitp, lien~ or right
ander and by virtne of this mort~aRe. In eveot of loa or pbrical dams6c to tl?e mori~sed property t!x ~ortqa~or ehall ~~ve immt-
ditte notice thereof b7 m~il ta the Mortsasee •nd the Mort6a~tee roay make pruoE o( loea iE the s~me ie not msdc prompdy by t}x
~oo~ 122 5~~7