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Home My WebLink About1171 i ~ ^ `:i~ PROVIDF.Dr AL~'AYS, tbr~t if tbe ~[oet~r~or ~11 pay +m?to the ~ortaaaee t6e indc'btedneM evidtpoed by a C~El"Ull~ p~O~IMOi~ II01b 11~ rk'bU~'J~ ~10 ~a~d'1~111~ 1Y MaC1L L~.flllfs~w? ia r t*a~+ wn.?v r.w...:~. _ , - ~ ~ 11[iami. FI ~g i~ ~ t _ [~_Aif • ~,,,M ~ ~ FnR VALUE RECEIVED promi~etopay to tht order of Y~~`~~' . the principal sum n DOLLARS. togrther wich interat [herron [rom dace ~t the rate oE ttn perctnc. p~r annum until maturity, both principal and intertst beingpa yable in lawful money of the Uniced States at 203 Roper Building. Miami. Florida, or at such other place as the holden hereof may designate in wricing. Principal and interest payable in installmtnts as follows: ' ~•!'s.. ~i3s•~~ ~.13..r. p~c a~o~rt~? b~m~i'~ i1. lSth MrY ot Yor~?b~r~ 1'963. es~ aasl~ia~ ~s? t~r? l~~ 1+~y nt r~oh ~ed ~4+~ aoa#i ~eeriatt~sr u~~il ~i: ~ f1?11• : ~ I ' `Chis note may be Nre~~aid in ~vhole or in Nart after one year from the cfate hereof uE~on payrnene of a pena~ty ee~uivalent to cwo perc:ent o[ the principal suYr~ prepaid. Each installment payment shall be credited first on the interest due, and ehe remainder on principai; and intereat shall thereupon cease upon the grinripal so credited. The makets and endoners of this note further agree to waive demand, notice of non-paymen~ and protest, and in che event cuit shall be brought for the collection htreof, or the same has to be collected upon demand of an attorney, to pay reasonable astorney's fees for making such eollection. Deftrred payments hereunder shall b~-az inttrest at the rate of ten percenc. per annum from macurity until paid. This note is securtd hy a mortgage of even date herewith and is to bt construed and enforced according to the laws of the Scace oE Florida; upon deEault in the payanent of principal and/or interest when due, cht whole sum of principal and incerest remaining unpaid shall, at the option of the holders, becomt immediateDy due and payable. ~`h s1~gS,,heSt..eT' (SEAL) _ ~~ayola CheS~er (SEAL) and ehall perform, comply with and abide by each and evuy the stipnlrtiana, agreementa, conditions and covcnante of daid promieaory aote and of thia deed, then this deed and the eetate thereby created shall ceaee and be nnA and void. 1. The Mortgagor herrby covenants and aarixe: ' To pa~ all rad un~uLr the priaeip~l ~nd istcrest rad ~tber soms ~f m~oer p~7rbie by ~•ictue o[ Mid promi~aory note and tbis deed, or eitl~es~ promptl~ ~n the d~7rs rdpectivel~ the s~me ~a'~11~ beeomd dat. ib) To permit, commit nr s~er no ~va~te atid te auintain t5e improvemenb rt all times in a d~te of ~o~d repsir asd conditiAn; and to do or permit to be dooe to ~aid prwii~o~ notbia t6st ~rill aker or cba~~e tbe ~ne asd ebarseier of said prepcrtr or in sn~ way imprir or wcaken t}~e ~eearit~ et thia mon6a6e. M~ ia we o!•tbe refaed, ne~tect er inabilit~ ~f tLe M~ct~~r t~ re,p~ir and maiotaiu said p~opcrq, she Mortp~ee n~y. at bi~ ~ption, make ~acL repin o~ caure tLe w~ne t~ tie mde, ~wd s~soee mooer in t~t beh~lf. (c) To p~y all and ¦inenlu the taxes, awe~anena, lcviea, liabilitie~, aod objiptiee~ of evcrp ~st're ~a s~id ~eribed pr~perty e~ch anJ evcry whe~ dtu ~ed p~~~ble attordiu6 lo la~+, bdore tLeT be~eomt delinqueut, ~nd ts ~eliver t~ tbe Mertp~ee oa or before M~rch 15th of eaeh ~ur tu receipts evidencia6 t6e p~~nnent ot all !sx(ull~ impo~ed tud for t5e prec.sdia~ ulendar ~ear; to indemniE~ the Mort~6ee upon hu demaad for ~11 taxes, aaea~ments and els~raee ttwt may be sxsased opoa thu inart`a~e OD [bE lII<IE~IE/IDEl~ lECUPEd hereby. and paid bY the mon6aRee, ~i~honc reaard ~o anr Isw be~etefare enacted ar berr~fter te be es~cted impssia6 pqment oi She whole or any part thcreof upon the Mort~rste. (d) 1'o pq sll and siasular t6e cwu, ebar6d and e:pe~es, endudie6 l~w~eea fees ~nd ~bw~act cow reasonabl~ incarred vr p~id at •[I~ ttlnE br ebe Monsaace bccause o( the failnre on t6c p~rt of the Nert~pa6or t• perform., eamply w;ih .nd abide br e~.ch and tvery the ~tipuletiooa, ssreemeats, eonditiona :nd covenants o~ aaid proswiuory note aad tlus deed, or eit~er, aod t~very ruc6 pa~meot ~ha11 bear interdt trom date at the r~tt of ten per centam per anaum. (c) It i~ fnrther coveoanted aad aReed b~ wid~a ttie~ tL~t {s tb~ evera of a snit bein6 iw~titaied t~ i~rcelNe tltis mortpee, 1be lllort- p6ee ~hall be entitled to spply at w~ time peod"m~ saeL f~etieclowiro wit ~e tre e+art b~viw~ jnr~i+o ritrCef for tLe apwisl~eot o[ a receiver ot aU u?d sin6nl~r thc mortp6ed propeny, and o[ dl re~ts, iucoma, pro5t~. i~sua ~ad reveoua t6ere~t, Gom wL~tsoever eoarce derived; and lhereupoh it i~ hcreb~r exprasli t~vetnated add ~6roed t~t tbe C~Art ~11 f~rth~ritb ~opoi~ sae6 rocei~er witl~ the a~nal powen snd dutiw ot reeeiven in like caw; ~oa rid sppointmewt ~hdl be made b~ tl~e eoart mmu ot ~trid ridbt to tlye Morty6ee, aad ~rithaut rrierence to the adegwcr er inudeqoaey u( the vrlns of tbe ptopert~ hsrebr mort~a~ed, ar to tbe solvency or iosolv.ncy of the Mort6a6on or anr otber party detendaat to ~r+ch suit. The Mort6abor berebr sptti5call~ waivd tbe ri6ht to object to the sppointmeot of ~ roceiver a~ aforesaid and henby espressly eoneeots ~hat ~ocb appvintment s6a11 be msde as an ~draittcd eqnitr ~nd u a mstur o! ~baolute ri~ht to the Mortg~~ee aod tbt the wme m~~ be done witLont uotice t• the 1ltectp~or. (f ) if (orcdosure proceedin~t ~honld be instituted apiest thep~ opcrty covertd by this moe~t~r~pe npvn atry other lien or clsim wLetl~er alie6ed to be superior or junior to tht lien of this mortpst, the Mwt6a6ee rno~ at hie optioe immtdisttlr apon iastitation af ~uch suit or durin6 the pendency thereot desl~rc this mortp~e ~ed tbe indebtednee~ ~ecnred 1~ereb7 dne aed pt~able fotth~vith aad rwr at iu optioa p~oceed to foreclo~e this a~ort6a6t. ~ ~ (g) Thst the Mort6a6or will keep al1 real ~nd perseo~! prope~ naw o~ 6ereafte~ cocumbcred by the lien of thie mort;eEe ie~wred ~e ma7 be required lrom time to tiine by tbe Martatdee ~aae~t lo~s by fire, windstorm t~d oEher hasards, uwaltid +ued cenSin~enties tor suth periods and for o01 less tLan soeb sms~b as m~~ Le ~qsired br xbe Mort~a~ee and to pq promptly when dne dl prtminme Fo~ sueh insunnce. T6t amounu ot insanatt re~ited bT tbe liort6s~ee ehali bt t6e minimnm amounts (or which s~id inwsanct ~hall be written aad it sh~ll be incumbeat npon t6e Mortppr t~ a~riM~in ~oel~ additioe~l ienarwce a~ m~~ be nerearar~ to tnoet aad comp{y tullr with all eo-in~nr~ece reqvirements coottined in Mid pditMt ta tlu eed t6st the wid Mortp~or is n~t • co-iawror thereander. [n~nranee shalt be written b7 • eomp:ey er tom~rniea appreved or design.eed br d,e MoKasdse and all~poUcia md rtnew~b thereot ohs1E be 6eld bT the Mort6arce. All deailed desipWpoos b~ t6e Monp~or whicb are aceepted b~ the Mort;a6ee and dl a~eenxnu between Mortaasor wd Mottp~ee rxiatisa t~ insnrawte, riow esi~tins or F1CCClflK IDa~ /IIf~I IfE !O MIrtUA and ~6a11 be • part of this mortba6e a~reaneet as tallr w c6oa~h ret forth verbatim 6erein and ~hall ~o•ero botL p~rties hereto aad ~ir seee~on wd +acipu. No lien uPon ~n~ et ~sidpo lieid of ineuraoee or npon ~np rdand or return premium which mar be pa~able oa tbe uacellation or termination thereof. shnll be yveo to other than t6e Mortp6ee, e:tept bq~ praper endoncmeM d6xed to sneb polit~ aisd approved b7 Mort6a~ee. E~c6 paliey oi insumnce ehall ha:e ~16xed tLeccto ¦ Standard New York Mort~a 6ce Cliwe wit}~oot Coeuibatiog mekin~ ¦ll loa or lase~ nnder sneh polic>p~ >able to tbe Mort~aaee a~ its imeraR m~~ appear. In the everH ~n~ ~nm or ~am~ of ~noncy becomc payable the~eander the Mort6aKte ~hall have tl~e optioa to rsoeivt Mnd applr the ~ame on ~ccoant o( the indebte~od~ hereb~ secorcd, ~r to permit the Mortp6or to receive and use it, ot anr p~rt thueof, wit6oat ~herebr w~irin~ or impoirin6 ~sa~ eqnity, lien~ or ri6ht under and by vinne ot thi~ mortsaFe. in event ot Iwa or p6~sical dama6e to the ~orcR.~,ed propcr~r tbe Mort6aaor ~hall ~pre ianrnt- dine notice thereot b~ msil to the Mort6sEte snd tb~ M~rt6aEee m~y make proof e/ loes i( the wne i¦ eot m~de prsmptl7 b~ tLe 80QK ,~8 ~ ~ , , ff - ~ , - . 5~2 .