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Home My WebLink About0608 i l - ' • PROVIDEDi, AL~PAYS, that it the Mortaa~or shaU pa~ nnto tbe Mort6a6e,e the indebtednae evidenoed by • certais prani~wr~ aote of which tLe followina ia wards aad figuras is a true oopy tawit: Ma~qoy. /Yo~. ~ s ~10.0:~ Miami~ Florida ~1u:TL1 st 19 196~ ii FOR VALUE RECEIVED ~'e, ~ointl7 and severally promisecopay I~' to the order o[ slad.ys ~sOrdOri - che principal sum o Eiaht Hundred Ten aIId NO 100--------DOI.I.ARS, together with interat j ihereon trom date at the nte oE ten percent. per annum until raaturity. both principal and interest being payable i~ lawful money of the Uniced States at 20$ Roper Building. Miami. Ftorida. or at such other place u the holders hereof may ' d~signate in writing. Principal and interat payable in instalimtttts as follows: ~wenty-iive (:~2~.00) Dolldrs per month beginning on the j 15tii ~ay of October, 1;66 ~:nc continuin~ on the lsth day of e:~ch anc every month there :fter until ~aid in full. i ~ This note may be prepai~l in ~vhc,le or in part a[ter one year trom the date hereo( upon payment of a penalty ; eyuivalaii two penent ot the principal sum prepaid. ` Each installment payment shall be ctedited fint on the interat due, and the nmainder on principal; and interat j shall thercupon cease upon the prinapal so credited. : 'The makers and endorsers of this note futther agrte to waive demand. nocice of non-paymrnt and protest, and i in che event cuit shall be brought for the cotlection hereof. or the same has to be collaced upon demand of an attorney. co pay reasonable attorney'a fees for making such coUection. Deferred payments hereunder shatl bear interat at the rate of ten percent. per annum from maturity until paid. This note is secured by a mortgage of even date herewith and is to be construed and enforced according to the laws ~ f che State of Florida; upon default in the payment oE principal and/or interest when due. the whole sum of prinapal I, nd interest remaining unpaid shall. at the option of the holders, become immediately due and payable. ~unice Cobbs ~5~,~ ~ - ~dwin Cobbs ~ ! S and s6all perform, comply with and abide b~ ea~c6 aad evety t}~e ~tipulationa, a6reements, conditions md oovenaats of eaid promiesory note and of this deed, then this deed and the esute thereby created shall cease and be nnll aad void. 1. Tbe Mortgaaor herebr ooveaanb aiad a6reea: - : (a1 To p~~ all ~?d sia~rlar t6e ~ad iete~at a~ wn~ ~n.,ser_w7~k by_.ir~ae wid prNniswry eote ~nd ILi~ i deed, ~r eitLer. PromM~7 7~ *~a~7 ttie wse ~e+enil~ ~ dre: ~ lb) To peemit, eommit or wEu w~v~ite ud t~ m~intaii tLe i~~vemeab it aU tima u• que~~f ~wd repair a~ e~sditi~a; ~sd i to do er peea~it to be done to s~id ~rmi~a~ eN6ia` tWt ~rill dta ~r e6~e t6e t~e ~sd eMr~eter ot wid pnpert~ ~c is m~ ~nr € impair or ~rakm tbe aeeoritr ~f-tLb m~rtp~ee. And is ea~e of tbe refaal, se~leet or irubilit~ tLe 11[~rtps~r t~ r~ir aod mai~uia said prope~t~, the MortPpx aw7. ~t W~ptiow, ewtie s~ r~pnrs ~r aa~e t6e wse u 6e aade, a~d dra~~e msse~~ ia t~t bd~lf. ~ (e) T. p.~ all and sia~nla~ t6e ti'i~e~,'a~w~eats. terie~, Wbilitia. aod ~blipti~ ~I er ~tore ~s nid ~aeribe~pr~pert~ eaeh aad e~eqr ~rLen due ~nd pq~ble aeeordins to lav?. bdore tLe]r beeome ddiaqueay md to ,d~vu N tbe Yortp~ee w~r bd~re Yue6 lSt6 of eaek ~ear t~: reeeipti evideneias tbe pqmeat of dl inrfull~ impo~ed tau~ tor t6e preoedios uleed~r ~ac; t~ indem~if~ 1he Mortpsee npoa 6u daoand for dl tuea, aM•a~menb aad e~~et tL~t may be ~sseued upon ~ba o~rtpee es t6e i~d~bted~ew ~ecared Lerebr, and paid b~ tLe mort6aRee. ~rithont t~prd to ~n~ law berete(~re eaaeted or 6ere~fter ts be ea~cted iapwiug p~~e~R of tLe abole er aa~ p~rt t6ereot upon the Mortp`ee. (d) To p~~ dl aad ~insnLr t6e ewu, c6ar~a and espea~e~„ indudins lax~en' fea and ab~tnct eaw reason~blp iseare+ed ~rpu d ri ~7 ~e b~ tbe liortpsee beeawe of the failan on the part ef t6e M~rtpsor te palorm, eanpl7 ~ritL ~ed abide b~ eseh ud e~err tbe ttipalatior„ aEreemcats, eoaditions ~ad eeven~ab of wid pro~woq note ~ed tbis deed, ~r eitber, ~ed e~reqr wei p~~eat sLd1 bear wterat fnm dde at tLe nte ot ten per ceotwn pu aao~m. le) It iu fartber eo~eaasted and a6reed b~ wdp a tL~t ie tbe ev:ot ~t • snit beias ie~tituted t~ feceel«e tbi~ mortp~e, tLe YKt- p`ee ~11 6e eatiiled to appl~ at ao~ tioe pead'i ~ soeb t~cedwv~ wit to ebe ewrt 6~v~K juri~dietios etierraf tor t6e app~isreeat ~f • reai~er ~f dl and aiu~dar tbe mortPi~ P~~~f. aal ot all reau. ioeoses, Pro~. iMaa ~ed re~e~oe~ tbe+~i. fias wL~Wartr wwee deri~red; aed t6ereupon it i~ 6ereby ~ e~ven~oted wd aareed tL~t tLe Gnrt ~Il f~rt6*ri16 ~ppoi~t we6 reeei~u with t6e ~sa~l pe~rers aod dutia of reeeiven in I~e.a~e~; asa ..id ~ppoin~n,cet .6~ll be made b~ ~be coure a. ~ m.ner ~i ~trict riiM te tbe ~~tip~ee, aad writ6out refcrence to tlte adeqwey ~r inadeqo~ey ot ibe vdoe of tbe prope~tr 6uebr mort~sad. or to tbe wl~eacy i~wl~enc~ e( tbe Mortsaaon or ~nr other psrty ddead~at to sue6 sui4: The Mortpsor 6aeb~ ~peei6all~ Mr~iva tLe ria6t to objeet t~ tbt ~ppsintmeot ot a reeei~-er u a(ordaid and 6ereb~ a~praslr consean tLat ~ad~ appoiatment ~6a11 be m~de as ao admitted oqoit~ aod ar a auteer oi abwlute ris6t to t6e 1Kortp~ee wd tMt the sao,e ma~ be dooe writbout aotiee t~ t6e ~[ortpsK. ~ (t) IJ tereclosnre pr~ceedinas s6ould be iwtituted ~pia~t tk p~r~rty eovered b~ t6is mort~~e apon ~ otLer Iie~ or elaie ~+betLer dle~ed to bt superior or junior to the lien o( tlw m~rtp~e~ t6e ortp6ee mar ~t his optioo imroediatdr npon iastitution ~f weh ~ wit or darins t6e pendeoe~ t4ereof dec4re tlw mortp~e ~od tbe indeb~edoess .eewed 6erebr doe and p.~abk t.r~bwnb ..d ~o.r at ~ iL optioa p~oeeed to forcdoae dtia mortp6a ~ Tbat tLe Mortppr ~riU keep ol ral ~nd penowl properq nox or beredtu enc~mbcred br ~he lien of t6i~ ro~rtp~e iawred v n w~ be c~equired from time to Wae b~ tbe 1lortsa~ee apinq Iw~ b~ 6re, winds~orta ~nd otber hasirds. esswlti« and eontia6eecia f~r ~~e6 puiods aad for ow las 16~a soeL amo~mu d m~ Le eeqoired by tLe Mortpsee and to pq Prompdy wbea dae all premiom~ !or ~ueb iuwrasce. T6e ~mounls of iawraact req~ired b~ tLe Yortp~ee slull be tbe miaimtm~ amounu for w6ieh wid iowru~ee ~6~11 ~ be r?riuea and it ~11 be iqenmbeat t6e f[~yppr u q~i~yin soe6 additioad instiranee a~ mq be nec~wr~ to meet ~nd e~mp{r tall~ ~ri~ ail eoiroruee reqoiremean co~uiaedtin s~id p~iieies to tLe wd tb~t tbe ~aid Mortp`or i~ nW s eaioaaror tberene&r. ~ Iasnnoee ~It be ~?rittea b~ • eompanp or eomp~siarappro ~ed or daiputtd b~ t6e Mortp6ee aod all~polieier ~sd rme~rals t6ereo( ~li be ~eld b tbe 1[ All deuiled deu ~ b7 the Mo ~ ortp~ee. ~ti~ea rtp~=or rr6ic6 are 6~ tbe Nertp`ee and ~11 Kremreou betweeo YNtp~or ~ 1[~rtppx reWins t~ ia~onsee. a~w aiscins or lierea(ter m~de, ~ali be in ~?ritina ~nd ~hall be ~ p~rt of tlw ~n~et~e ~~re~meat r ldl~ ~ ~Lw~6 ~et f~ ~ub~tia 6ereia ~nd ~11 aoveru both pactia hereto and t6eir arceawn ~nd asi`w. ~ No I~ee apo~ aa~ d~aidp~ Ueia of inwranee or ~a a~~ rdand or return prcmimm ~6iel~ ma~ be pqabk oa tLe eaneellatioa or tenni~tio~ tbeeeo~, ~ll be 6ivee t~ otLer th~ the ~ortp~ee, aceept b~~ praper endoncment a~ced to sneb polie~ aod ~pproved b~ M~rtp~ea E~cL p~lie~ of inanranee ~Il b~e a~ed t6ueu s Standard New York Mor~~a 6!E CI~W! MIIIIOOI COS~bYUO/~ p1~10s dl 1~ or loMa ~nder polie>p ~>~able ts tbe ~[~rtp~[,e r ita ieterert mar appear. Io tbe e~au ~o ~am or smw d moaer 6eeome p~~abk tbereaoder tbe ~IortpRee ~lull 6a~e tbe eptioo to receive and appI~ tbe rame on ~eeomt of ~ indebte~a~ Lereby ~ecnred. or t~ permit t6e M~rip~~r t~ reoti~e aod are it, or an~ put tbareof, Mritboat tbereb~ Mrsi~in6 or imp~iria6 ~u7 MAitp. liea~ er ri`6t noder ~nd b~ ~Itt~e ~f t6i~ mortp~e. In e~eat of IoM K pL~tied damsse to the mort~ssed Pr~pert7 t6e ~dort6a~or ~hall pre immt diate aotioe t6ere~f b~ mail ta tLe M~npsee and 16e ltortpace m~r make proof ot loM if the woe i• no~ made pr«o~l~ br ~6e ~ ` ~ ~ ~ eooK 154 8 ,s~~,~ ffi ; ^ ~..r~