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Home My WebLink About2963 PROVIDED, AL~VAYS, th~t it the Mortgaaor ~ull pay unto the Mnrtgaac,e the indcbtedneee cvidence~l by a cerrtain prumiawry note oE which tha fallowin~ in wards apd figure8 ie a trut copy to-wit: i - ( Ma~ ~ Miami, Florida ~~T~~ 19~~ FOR VALUE RF.CEIVED j~~ ~ promise to pay ~o che arder of +u~~++ `i~~~~'S'~~ + ' _ ~ ~ ~ _ _ r _ - che principal sum of DOLLARS, together wich interest ~ i chereon fram dace at the rate of ten percent. per annum until macuricy, both principal and interest being payable in I lawful money of the United States at 203 Roper Building, Miami. Florida, or at such other plact as the holders hereoE may designace in writing. Principal and interrsi payablt in installmenu as follows: ~ ~lirt~?-t~s~ (i3S•~)p~ ~~i 1~ia~tar a~ t~lrs 1~t1? iyr ot ~tr~r. 1g6~ ~ ~I~r~ at !~e 2std dMyr at +wah sawl ~rer+r~qr ~a~?tl~ t~lrre~?~~a atil ~o?id ~ ~ i "I'his ~wte ~rtay bc: ~~re~r~ici i~? ~~•hote or in part alter e~ne ye.ir Irc~m th~ eiate hereu( uE~on E~a~•iner?t of a I~raalty ey~~ivalent to two E~crcent o! thr ~~rinci~~al suu~ ~~repaid. Each inseallment payment ahall be credited firse on ehe interese due, and che remaincler vn ~rincipal; and interest ~ shall thereupon cease upon the principal so credittd. The rnakers and endotsers of this nc~te further agtee to waive demansi, notice of non-payanenc and protest, and in che event suit shall be brought for the collection hereof, or the same has to be coilecced upon demand of an attorney, ca pay reasonable attorney's fees for making such collecti~n. Deferred payments hereunder shall bPar inserest at th~ r~te of ten pereenc. ~er annum frorn maturity until paid. - This noce is setured by a mortgage oE even date herewith and is to be construed an3 enforced acco:ding to the laws af the Stace of Florida; upon deEauit in the payment of principal and/or incerest when due, che whole sum of principai ancl interest rernaining unpaid shall, at the option of the holders, become immediately due and payable. ''.r~:i.~1.~I:~ . _.:I:::';~ (SEAL) - v~.'..i:...~l.li . .~_:11i_:il - (SEAL) and shall perform, comply with and abide by e~ch and avuy the stipulatione, a6reemente, conditione and cflvenante of Aaid promieaory note and of this dred, then thie deed rnd the eetate thereby created dhall ce~ee and be null and void. 1. The Mortgagor hereby covenante ax~d a~rees: To par all and singular the prineipal and interwt and otber anms o( moaey payrble by ~~irtue of soid promitaory nute and tliis deeJ, or either, promptly on the days ra~peetivdr the same ~evrroily beeoma due. Ib; fo pcrmit, commit or ~uHer ne.waste and to maiatain !!ye improveme~sr~la st all tima io a etatc of ~uod rr,pYir aod tondition; and to do er permit to be done to wid premises nothin~ thst rvill alter or ehsn6e the ~se aad ehanetcr of pid propert7 or in anr wey imprir or wesken the security ot this martas6e. And in use of the rt(tual, ~e6lect or inabiiit~ of the Moct~gor to reFair snd msiataid aaid propeny, the Mort6a6ee e+ay, at hia option, make wr,h repair~ or eswe tbe wmc te be made, and ~dvance moneye in that be6slf. (c) To pay all and •ingul~r the taxes, assearuents, 2eviea, liabilitiea, aod oblipuom of ever~ oatare oo wid daeribed pr~aperty uch an~ every when due snd payable accordin6 to law, betore tbeY become ckliaquent, and ta .deliver to the Mort~a6et on or before March 15th of ea~h yesr tax reeeipte evidencin6 the peyment ot .11 Lwtullr importd uxes for tht precedi~~ caltadar yar to indemnify th~ 1Sort.ga6ee upon hi~ dem~nd (or all taxee, asseamente and charsea thnt may be asaes~ed upon t6is mortaa6e on the indebtedneae aecured hereby, and paid by tht mortRaRee, withont re~ard to aay Irw beretofore tnaetcd ar hererftcr to bs enseted i~posiu~ pa~nunt of the whole or eny p~rt tlicreuf ~apon thc Mort6agee. 1 d) To pry all ~nd ~iagular t6e co~te, charsea aod e:pensee, iududing l~wyen' fed and abetract coata rcasonablq incurred or paid •t any time by the Mons.see becauee of the failure on tht prrt of the ~tort6aEor to perfonn, con3ply with rnd abide by qch s~nd every the stipulation~, sareenuata, condition6 end covenant~ of uid promissory note rnd t6is deed, or eitber, and cvery eue6 panaent ehall hear intere~t froen ci~te at the ratc af ten per centum per u?num. (e) It ia further cove.naeted and ~~reed by uid prrties that in the e~•ent of • euit beia6 inetituted to forecloee tbie mort6a6e, the ~iore- RaRet shall be e~titled to apply at any time pendiu6 rach toreclosure aait to tlre coan havin6 juriadictinn ebPreuf for tht appeintmcnt of e receiver o! ali and sin~ul~r the morA6aged property~ and of dl reutt, incoma, pro6ts, iauet snd revenuca tbereol, (rom ~shstsoever aource derived; and thereupnn it ie hcreby expretely eovsn~nted and ¦~reed tlut tiu C~vrt s6a11 forihwith ~ppoint ench receiver rvith the uaual powcra and dutice of reeeivers in like casd; ~nd pid ~ppointmeni shall bt made by the couet as a mattcr of ettict ri~rht to the Mart~r,a~er, snd wit6out rcference to the adequacy or i~rdeqaacy of the vslue o( tht proptrty htreby n~ort~ys~ed, or to the aoivency or insoli•r,ncy ot the Mnrtgs~ors or any ot6er party dtfencLot to euch suit. The Mort6aFor hereby epecifically waivee thr right to object to the appointment of a recei~•er as a(oreeaid •nd Lereby ezpressly ~onaents that evch appointment ehall b~ made Ae an admitted rquity ~nd aa r mattcr of •bsulute rip,ht to the Mortaa~ee ~nd th+~t the same may be done without ootice to the I~ort6agor. (f 1 If For~rloeure proc~~dinga ahould b~r inFtituted ¦~tinat the property covered by this mortgase upan ¦ns other lien or cfaim wh~ther atleRed to be eu~>erior or junior to ths licn oi this mort~a6e, che Mon~asee may at hiF option inimediately upon inetitution oi euch suit or durinF the ~endency thereot declAre this mort6aae and tbe indebtrdrsess brcured hereby due and paysble forchwieh and may •t ita option pro~eed to forecloee this nrortRaRe. ~ ~rnacrr will l•erp rfl real and pereonal proptrty now• ar berrafttr encumbet~d t,y the Isen ef this mort~ta~e ineured ~ r 1 That che :43ort ~ As «~ay br. r~quired from ti~ne ro ti~ne by the Mortga6ee a~ain~t loes by 6~e, windetorro and othtr hazards, ~asualtiee and cnntiny~enciPe for euch perioc~ and for no1 leas than such amounte ae map be reqaired by the ~4ort6sgee ared to par prumpdy when due aII PfPRIIIlI[1! for aurh ineurance. The ~maunte of ir?eurance reqnired by the MortqaEee ~.h~ll be the minimuni amountE for which eaid insurance shall be writtrn ~nd it eh~ll be intumbent upvp the i6~ort~a6or io maiMain sueh ¦dditius~al intinrrnte ae ruaq t~e necessarq to mcrt -rnd con~ply fully with sll co-inaunnce requirementa containtd in aid policiee to Lhe eod t6at thc eaid rlort~6or ie not a caineuror thereunder. Ineurancr, shalt- be written br ¦ company or companiea approved or desianeted by t!a MorYEa6ee and 311 policiea and rencw~le thereof ahall t,c h~ld by the hiortEa6ee. All detoiled desi~natioos br t6~e Mortsu6or which are accepted by the Mort~,n6et •nd sll air,rcu,?ente betv.ecn Mortp~~gor ~ad Mort15agee rclatin~ to i~aannce, oow ezietin6 or her~after cnade, ehatl be in writin~ and ehall be a part ot thie mortgage •6reement aa fully ~e thouEh ~et futth verbatim herein and s2uill 6overn both partics hereto xnd t3~eir saccesaore and as~siRns. `o lien vpon any ot said policiee of ineuranee or upon ui7 refnnd or return pren~ium which may be payable oo the cancelletion or te:mination thereof, s}ull be Rivoo to ot5er thao the Mott6rate, except by proper endorsemrnt •iFxed to such polic~ and approved by tiSor~R¦a~e. F,sch poG~y of it~aur~nce sh~il baze affixed thereto a 5tandard NeM Yortc MortgaEee t:lauee withoat Cootributian, malcioR ell loee or loasa nndmr ~uch ?olicy pay.ble ta the Mort~rgee re ite intereei may appcar. In the event any anm or ~ama of money brcom~ payable thcreunder the Mor;,z~ee ehail have the option to receive and apply the eame on ac~ount of tht indebtedntas htreby eccur~d, or ro pcrmit the Mort+ca~or to receive and uiee it, or eny part thereof, wit6out thtreby waivin~ or impairi~a aoy eqvity, lien; or ri~tht un~ler and by virtue o~ thi~ mortR,aR~. In evcnt o( lo~s or physieal dama~e to th~ mortFased propertr thr. Mort~casor ehall ~~ve imme- diate notice thereof h7 msil to the ;4iort6aKet and the Mortsagee m~y make proqf of lose iE the same ie not made promptly by ti~e , . BOGK 122 r. _ • y