The URL can be used to link to this page

Home My WebLink About2011 1'ROVIllED, ALWAYS, that i[ the Morigagur s~ull pay unto the Mortgagce the indebtedneee vvi~icncc~l by a certain promia+wry note of wbich the followiu6 in worda and fi~urea ie a t~ue copv_ to-wit: Md~yoys /Vo~. ~ ~!Q~S•~ Miami, Florida ~1~~ ~$_._19 K FOR VALUE„~t~CF~~Ee~~ x~• ~a~~7 ~~~t _ promisetopay cc~ the order o[ ~ • che principal sum oE ~ ~ DOLLARS. together with interat ~t~ereon [rom date at che rate of ten percent. per annum until maturity. both principal and interest bcing payable in laM~ful money oE the United States at ~G3 Roper Building, Miami. Florida. or at such ocher place as the holden hereof may ~lesignate in writing. Principal and interest payable in installments as follows: tes'y~lin ~i~S.00) Dollas~ rs a~at~ ~al~ 1S~L 1La~ ~t ~ 1li~~ aa~i N~ ~t 1~ ly ~a?~lt ~t .~.r~? a~n 11~..t~.~r ~~u sa i1~u. ; "T'his nute may be prepaid in ~vhole or in part a(ter one year Irom tlie date here~?f u~wn pa~•ment o[ a penalty c~~~uiv:~lent to t~o percent ut the principal sum prepaid. Each instatlment payment shall be credited tirst on the interest due, and the remainder on principal; and interest shall thereupon cease upon the principal so ctedited. The makers and endorsers of this note further agree to waivt demand, notice of non-payment and protest. and in ehe event ~uit shall be brought for the collection hereof, or the same has to be collected upon demand of an attorney. co pay reasonable attorney's fees for making such collection. Deferred paymen[s hereunder shall b~:ar interest at the nce of ten percenc. per annum from macurity until paid. This note is secured by a mortgage of even date herewith and is to be construed and enforced according to the laws of the State of Florida; upon default in the paymtnt of principal and/or interest when due, the whole sum of principal ~ :~ncl interest remaining unpaid shall. at the option of the holders. become immediately due and payable. ~ ~ ~_drian i~~. .~}T~ CK1-~nd ~SEAL) ~ onnie ~ ric - ~~_n I ~ly;'e L,~vo, Jr. i and shall perform, comply with and abide by each and every t6e atipulations, a~eemente, conditiona and covenante of ~ aaicl promiaeory note and of this d'ed, then this deed and the estate thereby created ahall ceaee and be nnll and void. ' 1. The Mortgagor hereby covrnant~ and a6ree.s: ~ (a) To par all and sinsular t6e pri~cip~l and iaterat md ~ttier ~mu ~f moae~ pqable b~ ~•irtoe ~f s~id pramiswory note aad tL'u ~ deed, or eit6er, promptir on the d~r respeetivel~ tLe s~mt ~e~enll~ beeoo~d dut. j 16 ) To permit, eommit or au~er no rvute md to auinaia tbe impnvemenb at all times in a Nate ot ~uod repair aoa eenditioo; and to do or permit to be done to s~id promi~es nothin t6~t v~ill aher er eh~n6e tbe we and eharseter of said propert~ or in m~ way ~ imp~ir or vreaken t6e seenrit~ ef dw p~ortp~e. An~ in we o~ ihe re(md, oesleet ~r in~bilit~ of tbe Mertpaor ts rtp~ir aod maiauie ~ said prope~t~. the Moripsee ~a~, at 6is optian, make ~ucL repon or uoae the tame to be made, aqd advaoce moeer ie tbst behd[. (t) To pay dl and sinanlar t6e t~ea, aaeswcnts, lev:u, Wbilitics. ~nd obliptioos o( evcq mton oo s~id daeribed pnpert~ ach and evcry w6en due aad pa~nblt ~teordin6 to Itn, betore tLe~ becooie ddinqneny aud to ,detivu N t6e Mort~6ee on or be(ore 1Karcb 1Sth of uch ~ear t~z reeeipti evidtacin6 l6e p~~mtat o( all lawifuU~ impwed tud for the preee~os taleodar Jar; to iademnii~ the i Mort6a6ee upon his demand for all wces. assewnepta and eL~r~ tLat ma~ be ascd~ed upon t6i~ mortpse on t6e indtbtednees seenred 6ereby~ and paid b~ the mort6aRee, w~ithout rt6ard to ~n~ l~w berrtofore eaaded or 6ereafter to be enacted imposin6 p~~ment of tbe whole or an~ part thereof upon the Mort6a6ee. ( d) To pa~ all and ~in6ular tLe cwu, ehu~u and espea~e~. iadudin6 1~~+~en' fea ~nd abstract cow reawoabl~ iacorred or p~id at ~a~ time b~ the Mort6asee because ot the f~ilare on the put of the Nortp6or to pcrform, eoo~pl~ witL aud abide b~ ae6 and every ~he stipulations, ~geemenu, conditions and covenanb of wid promiswr~ note and t6is deed, or eit6er, aad e~er~ we6 p~noent slull bear interdt from date at tbe nte of trn per eentum per aaaaio_ (e) It u furt6er eoven~nted aad aEreed b~ widpa rties tL~t in the event of • cnit bein6 io~tituted to (oteelwe tLis mo~ipse, tbe ~ort- sa6ee shall be wtided to appl~ at ~n~ time pendius sne6 toredosure snit to tbe conrt bavins jurisdietioo ebeteof for the ~pp~immeaR of a reeeiver ot all and sia6nlar t6e mort~6ed propertr, wd oi all rcntr. income~, pro6ts. iau~a aod revmaa ~beteaf, from aLatwever souree derived; and tbereupon it i~ 6creb~ e:preysl~ eovcwnted aod ssreed that tbe Court ~h~l! (otth~rit6 ~ppoint such receiver with the uswl po~ren and dntid ot rereiven in like caw; ~od ~aid appoiotment ~11 be made b~ the eoart as a matter oi ariet ri~Lt to the Mort6asee, and wit6oat refe~ence to the adcqwcr or inadeqoaey of t6e value oI the property herebr mort6,aaed. or to tbe wlvufcr or inwlveney of the Mort6a6on o~ an~ other part~ defead~nt to tuc6 suit. The Mort~s6or hereb~ speei5a11~ waires tbe ri66t to object to t6e appoiutment of a reteicer as aforesaid aed hereb~ atpre~slr eorueots tLat meh appointment shall be w~de as an td~nitted eqait~ and as a autter oi absolute ri6bt to t6e Mortp~ee and tLst ~he sune ma~ be doae witbout ootice to the ll~ortaasor. (f ) If foreclosure proceedinEs ahould be instituted apiost tLepr oper~y covered br tbi~ morip6e tq~oe an~ other lien or elaim whether 9~ alleaed to be cuperior or junior to the lien ot tlw mort~ase, the MortRa6ee ms~ at 6i"s option immediatelr upoo irotitution ef su~h - suit or durias the pendeocr the~eof declare this moripae and tbe indebtedness ~eeured bereb~ due ~nd p~7~blt tort6w it6 aod ma~ at iu optioa proceed to foredo~e thu mort6ase. ~y (6) Tlut il~e 11don6a6or will keep ol real aad penooal properq noMr or bereafter eocumbercd b~ the liea o( thi~ mort6ase insured ~ as w~ be required from time to time br tLe Mort~see ~6aint loss b~ 6rt, rvindstorro and otLer ha:ards, nsualtid and coatinReocia ~k, for sneh periods aad for not laa t6an ~nch amouata n m~~ be required br tbe Mort6a6ee and to pq prompdy v+6en due all premiums for sneh If1fU~iMC. The amounts ot insnwnce reqaired b~ tbe Mortp6ee ehall be the minimom amounta for ~?hicb aid inwnnce s6d1 ~ Le wrlttto uld ll ~L~II bE tDtYmbEOI YQOD t~lt MOrt~60[ t0 ~IOtiiO ~Oeb ~ddiUOO~I in~araoet as ms~ be necewr~ to meet and eompIr fullr with all eo-insurance reqniremeau eouuined in wid polieie~ to t1~e end IL~t t6e ssid 11[~rtpEor iu o01 a caioiorot therennder. ~ tosuranee shalt be writtee b~ a eompany or eompanies appro~ed or dni~mted b~ tbe Mortpsee and allpo lieia and renewda thereof ~ shsll be held b~ the Mort~6ee. AU detailed de~i~tioos b~ the Mun6a6or whic6 ~reaceep ted b~ the Mort6asee and all •~eemeau between Mort6a6or aed Mort6aaee rdatins to inaraace, now e:istin6 or hereafte~ made, shall bt in writin6 and ~6a11 be ~ part of this ~ mort6a6e asreemeot as fall~ u t6ons6 ~et forth ~erbatim 6enin ~nd ~6aU 6overn bo~ parties berdo and tbeir saecawn and assiEas. ~Io lie~ upoo ~n~ o( aaidpo lieiea o( inavrance or npoa m~ retnod or returo pruniam Mrhieh ma~ be pqable oo tLe uneellation or ; termiaatioo t6ertof, ahall be ~iveo to o~her than the Mortp~e, escept b~~ proper eadorsement a~xed to wc6 poLc~ and ~pprored b> > ~ ~lort~see. Eaeh polie~ ot insunnce shall hue a~xed thereto • Standard IVew York Mort6asee Clause Mrithom Co~ribation~ makinR ~ all loes or loues mder sach polic~ pa~able to tLe Mortsa6ee a~ ita iotereat mar appear. In tbe eveM ~n~ ~am or sum~ of ~noner bceomc ` parable t6ereander the Mort~Ree ahall have the option to e+eteive and appl~ the same on ~c~ount of the indebtedna~ 6ereb~ ~ccared~ - ~ or to permit the Mortsa6or to receive and use it, or an~ part thereof, ~rithoot t6ereb~ waivin6 or impairin6 sn~ equitr, lien~ or ri6ht under snd b~ vinae ot thi~ mort6aRe. In eveot of lor or phriral dawa6e to the mortRs6ed propert~ tbe MortRa6or shall ~ve imme- ~ 7 6a6ee and the Ddort6a6ce m~y make proof of loes i( the s~me is not m~dt prompll~ b~ Ihe ~ di~te notice thereof b mail to the Mort ~ f1 nR ~ . , EOQ!S ~r.. . . -t • - ~ a~ ; _ ~ _~~w-a ~~t. ~`~-.._._.._~s , , ~ '