HomeMy WebLinkAbout0166 PROVIUED, ALWAYS, that ii the Mortgagor ehall pay unt~~ the Mnrtga6ee the indtbtedacse evidenced by a
certain prnxniesory note of which the following w words ~nd Fi~ures is a true cap~ to-wit:
~
Ma~~ ~v~
Z Z~~.(~ Miami, Floridz e.~~a.~ ~ 19
FOR VALUE jia~CF~,VF~ promisetopay
co the order of i
the principai sum o DOLLARS, together with intertst
thereon from date at the rate of ten percent. per annum until maturity, both principal and interest being payable in
, lawful money oE tlie United Statts at 203 Roper $uilding, Miami. Florida, or at such other place as the holders hereof msy
designate in writing. Principal and interest payable in installments as Eollows:
ro~-~s.~ ~~4~.ooj ~xas~r ~r ,~.~ta taa rut~r•~arr t~i9) ~sts~.
~s1is as t~ 1jMt M/ ot ~~M Mrrp ~asit, 1~a~ a~r~M
ia~ ot 1lb~. a~t ~tds~3~ ~i~i ~M lslh wyr ~l tow¦~a~r.
ig7'~, ~i ~dtioi~ '~M? 11w? 1a~~ aM?il ~ iw a~MM *wy~?lr~.~.
I "I'his ncite may be Nrepaici in ~~~hule or in part at~ter one year troni the date hereof u~,on pay~uent of a penalty
~ eyuiv:.lent to two ~~ercent of the j~rincipal sum prepaid.
Each installment paymenc shall be credited first on the interest due, and the remainder or~ ~rincipal; and interest
shall thereupon cease upon the principal so credited.
The makers and endarsers of this note further agree to waive demand, notice of non-payment and protest, and
in che event ~uit shall be brought for the collection hereof, or che same has to be collected upon demand oE an attorney,
to pay reasonable attorney's fees for making such collection.
I Deferred payments hereunder shall brar interest at the rate of ten percenc. per annura fram rn~turity until paid.
~ This note is secured by a mortgage of even date herewitti and is to be construed and enforced according to the laws
~ of che State of Flarida; upon default in the payment of principal and/or interest when due, the whole sum of principal
ancl interest remaining unpaid shall, at the option of the holders,'become immediately due and payable.
Aaeid ~ars~ (5~~.)
k~anaa Mae Har~P ~sEpL.~
and ahall per[orm, comgly with aad abide hy cach and every thc etipulatione, a~eemenia, conditions and covenants of
eaid promiaeor}~ note and of thie deed, then thie deed and tht eetate thereby created ehall ceaee and be nnll and void.
1. The Mortgagor hereby covenante a~d agreea:
To pay ~ll ~nd ~in6ular tht prioeipal ~nd interest sad other ~nm~ d money parabit by cirtue a( aid prosnisrory note and thie
deed, or eitl~er, promptly on the dayr rapettivelr i~e ~amt ~ev~ilr becocues dut.
(b) To permit, commet or eu~er no w~ste ¦nd to maintaio t6e improvemenU at all times in r statt of 6ood repair ~nd eonditiou; ¦nd
to do or pertnit to be done eo acid premieea nothiu6 that will alter or chan6e the nee ~nd clt~ratter oE srid propert~ or in ~n~ way
imppir or wealcen the seeurity of thie mortEs6e. And in crse of ti~e refo~al, oc6lect oe ioabilit~ ot t6e M~rtp6or to repair and maintaia
said property, the Mort6rRee ~ay, at hi~ option. make ~ncl~ rep~irs or c~we the wne to be wade, apd ~dvaaee montjn in that bel~slf•
(e) To pay sll •nd singula~ the t~xes, aesessn~eots, lcvits, lisbilitiee, •nd obli6stiooe of every o~ture oe seid deseribed propesty uch
snd every when due snd payable aceordinE to law, betore they become delinquent, ¦nd to .deliver ro the Mortaa6oe o0 or betore Much
15th ot uch rear taa ro~eipte ecidencinR the payment of ali lawiullr impoocd taxee for the prece~n~ taletedsr rar; to indemwfy tht
ifortga6er upon hit dem~nd for all t+~xre, aneesemente and c6at6ee that mey tre seeersed upore thi~ moctp~e on the iadebtedneee eecurtd
hcreby, and psid by the mortFa~ee, without rei5ard to any law hzretoforc enacted or her~after to be e~aetrd impesinE p~7meot of the
whole or any part thcreof upon thc Mortqagee.
Id) To pa~ sll and •inqular the cueta, rhar6e~ and ezpeneen, indudinF lawyers fees and abBtnct eosie reasonablT i~+curred or paid a!
~ny time b~ the Mmrtgrgee bccause of the f~ilurc an the pan of thr MSartRaFor to perfonn, co~ply with rud abide by dch and every
the ttipulationa, ~6reements, conditionE and co~en~nta of s~id promieeory note and thie deed, or eitber, ~od ev'ery eue6 pa7~nent eha11
bear interest from ciate at the raie oi ten p~r centum pe~ ennum.
(e) It is further covenantrd and aRrecd by eaid p¦Ytl~s [~fll 1R L~IE event of a suit beioE iRStituted to forecioee tLis mort6a~e, t6e ~lort-
Raaee ahall b~ enlided to apply at ¦ny time pendiu~ ~nch foreelwurt rtxit ta tbe canrt 6arin6 juri~dittien tL~ereoi' Eor tLe appoio~neat
of a receiver of ~11 and sin6ul~r the cnort~aaed property, and of ~11 rents. ineomes, proSt~, i~sup snd revtnun tLe~eoi, [com Mhatwever
eource derived; and thcreupnn it ie hc~eby ezpre~el~ eovenanted •nd s6retd thst the Conrt ~ll forth~+itb ~ppoiat enth reeeiver with
~he uau~l powcre amd dutin o[ receivers in like ca~; ~nd ~aid ~ppo~ntment a~ll be made by the eoart es a mattcr of strict ri~.ht to
the MortFa6ee, •nd without referenre to the rdeyu~cy or iaadequacy of thr value of t6e property hereby mortgs6ed, or to the wlvency
or ineulvrncy of the Mnrtgagors or any other psrty deFend~ot to eu~h 6UIL T}1C Mort6aEor hertb7r apecifitally waivea the rial?t to
objrct to the appointment ot a rec~i~~cr ~e aforeeeid snd hr,raby ec~rcesly ~:onEenta that enrh nppointment shali be made as ~n ¦dmitted
equity ~rod aa a matttr of absolute rexht to the Mon~~ce aud th~t the E~me ma~ be done without notice to the Mort6s6ot.
(f ) If fore~loeure proceedin~s ahould be inetituted ~sainat t6e ptopertti covered by tiiie mort~a6e eipon ~ny otiser lien or clsim whether
allt~trd to he superior er junior to the lien of thit m~rt6aae, the MortRagce m~y ¦t hiR option immedi~telr npon inatitution of such
auit or durinR th~ pendency therco( declare thit ~ort~ae and tbe indebtedneea secured hercb7 due ¦nd pe7able Fortbwit6 and may ~t
ite option proc~eii to forerluee thi~ ~nort~aRe.
# That the 41ortEaaor will I~ecp all real s~d peteonal property now or hernfter encumbrrtd by the lien of thia mart~Ee insured
ae may be reyuir~d from time to time by t6e Mortda6et a6aimt loee bp Srt, ~vindqorm •nd ather hazards, easuaitita and tontin6encies
for 6uch periode and for not lees than auch ~moonu as ma~ be reqa~red by ~l,~ Mon~a~ee and to ~y prompdy ~v6en dne all prcmiume
for eu~h ineurance. The rmounte of inaur~nce rtqnired b~ tLe Mart~a~ee Rhall be the minimum amounte for whieh wtid iosunnce e}ull
be written •nd it ehall bt incumbent upon tht Mon6a`or to m~iotain sat6 additia~tnl ineurance se m~y be necesaary~ to meet and cowp!y
fulty with all co-in:urance reqnirementa ~ooained in srid policies to tAe end t~it the aid Mort6a6or is not ~ cainsaror tberennder.
Ineurence ehslF bt written br • eompany or comp~nid ~pproved ot ddi6neled by tbe Mort~a6te and ~1!po licitd aad renew~la thereo[
ahall be held by the Mort~a~ee. All detailed desi~qoatione b~ dx Mortss~or r?hich are aece{rted bp the Mort~a6ee and ¦ll •6reemente
betwcen Mortgsao~ ¦ad Mart~agee rcl~tin~ to imnrance, now e~tietin~ on c~redter made, 6!u?ll be ie writen6 end ~hall be a patt of thie
mongagc a~rcement ~s fully ~a thou~h ~et forth verbstim herein rnd ehall 6overn both partics hereto and tbei~ weces~on ~nd ~esi~ute.
10 lien upon any ot t+aid policiea of ineurante or upon an~ refund or return premium whi~h may be payable on tbe uncdlation or
termiaation thereof, ehall be ~tiven to other then the Mort~a6ee, excep! by~ proper endoreem~nt rffixed to euch polic~ +nd spproved b~
:Hortgagce. Each poli~y of ineursnce eh~ll hue efFixed thpreta a Sund~rd Nr.a York Mori~a Ree Cl~uee withont Contribution, makinR
all loss or loeaee undtr Puch poiicy payabk to the Mort~agee ae ite intere~t may appear. In the event anr snm or sume of ~noney be~omc
payable thereunder the Mortga~ee ehall hav~ thc option to receive md epply the eame on ar~ount o( the indebtsdnds hereby etcured,
ur to p~rmit the MortR~~or to receiv~ and use it, or any part thereoi, wit6out thereby waivin6 or impairinE an~ eqaity, lient or ri~t
undcr and by virtne ot thie mort~ta~~. In ~v~nt of Inw or ph~ei~al dan~a~t to the morlRa~cd proprrt) the Mortp~a~or eh~lt R~ve imme-
di~te notice thereo! b~ mail to the Mort~taFee and the :diortFeRer may make proo[ ~f loee if the same ie not modt prompdy by the
~ooK 131 160 .
. .
. ~