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Home My WebLink About0607 PROV1DEn. ALWAYS, that if the Moctgagor shall pay unto the Moctga~ee the indebtedaesa evidenced by a ~ certain promissory note ol' which ~`MTotlowinj in words and fiEutes is • true copy to-wit: ?pril 26 t 2g~•00 Miami. Florida _ 1`~"~ FOR v~~~ ~~r~v n 1~I~ ~~o1IItl~ oIId 9~Y~ra11~ ~umi~ to wy co che orde~ ot - the p~ineipal ,wa+ oE _ n ~ ' DOI.I.ARS. to~ether with inter~st the?eon I~an date ot the rate oi ten pa~oent. per annum uaW maturity, botth pcincipai +u~d inteKSt beins P~y~We ia law[ul money of the United ~tatr~ at 2244 Bi~cayne Blvd., Miami, Flo~id~, or ~t wch other place as the bdden hereot ~aay de~~ate in writin6. Principal and interest p~yabk in iratalhne~b as toqo~n: tit~,~ (~g0.00) Dollar• r aont~D~ begiriaiag on th~ 15~h d~? ot Jua~. 1969, :~a~ aontim~ on tbe 15~h daJ o! •aob and ~~nr~ ~oath ~h~re~tter ua~til d ia l1~11. This note may be pcepaid in whok or in put after one yeu from the date he~eof upon payment of a pe~dty equivale~t to two percent of the prir~cipal wm prep~id. Each instaDment paya~ent duq be ce~edited first on the interest due, and the remaiader on priecipal; and interest shdl there upon cea~e upon thr principal w ccedited. The makers and e~doraers of thi~ note fnrther a~ee to waive demand, notice of non-~ayment and protat, and in the event auit shall be bra~ht Eor the colkction hereof, or the wne has to be collected upon demand of an sttorney, to pay reasonable attorney'~ tees ior mslcin~ such colkction. Dcfcered payments hereuader ahaU bear intee+est at the rate of ten percent per annum ~ran ~naturity unW ~aid. Thia note is eecvred by a nart~e~of even da~e hu~ewith and is to be con~n~ed ~d enfotoed accocdmg to the laws of the State of Florida• upon deiault in thepay ment ot principd andlor interat whea due, the wfide w~m af pnncipal and interest ren~ining unpaid shall, at the option of the holden, become immediately due and piyable. - Carl Farley Yilliame . Reba ~lilliams ~~E~~ ~ ~P~~ M~ ~~'Ie~drieh. Attcn~e~n - 2240 Birarne 81rd.. Mi~mi. Flarida ' ? and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and cove- nants of said pranissoty note and of this dced, then this deed and the estate thereby created shali cease and be null and void. 1. The Mortgagot hereby covenants and agrees: (a) To psY all and sinsulu the ptincipal and intetest and othet sums o[ money payable by virtue ot ssid promissory note and this i deed, or either, promptly oa the days respectively the same severally becomes due. ; (b) To permit, caomit or sut(er no vaste and to maintain tbe improvemeats at all timea in a state oi sood repair and coadition. and to ' do or permit to be done to ssid premises nothins t6at rill alter or chanat t6e use and c6uacter ot said ptoperty or in any ~ray imp~it or •re~ken the security of this mortpse. Aad ia case o[ the retosal. aealeet or inability o[ theldort~aaor to repair and maintain said proper- ty, the Mortpsee may. at his optiaa, make sach repairs or cawe the same to be ewde. and advance mooers iu that_ beh~lt. ~ ' (c) To pay all and sia~ulu d+e ta:es, ssscssmenta. levies. liabilitiea. aud obliptioas ot every oature oa aaid described property eacA i ~ and every ~rAen dne sad paY~ble accordios to 1~~. befae they become delinquent. aad to deliver to the Mort~asee on or betore Marcd ~ ISth ot eaaA year qx receipts e~ideacin~ the p~yment ot all lawtully imposed tuces~tor.the precedins c~leadu year; to indemnify the ~ Mortsa~ee upoa his demand ta all ta:es, useasments aM char~ea tdat msy be asseased upon this mart~aae oa tde indebtedness s.- ~ cured Ae~eby. ned paid br the mortsa~te, vithout re~ard to any law heretofote eateted or 6erea(ter to be enacted imposin` payment of the v6ole a any tirt thereot upon the Mortsasee. ~ ~ (d) To pay al) and ~iaaulu tbe costs, charses and expenses. includins la~yers' fees snd abaU~et costs reasonably incurred ~+r paid at ! any time bp-tbe Mort~a~ee because of the failure oa the part of We Mortsaso~ to pertorm. comply with and abide by each and every the i ~ atipulations, aareeaents, cooditions :nd covenants of s~id pcomiasory note and this deed; or eit6er, and erery such'payment shall bear f iaterest ftooi date st the rate of tea (10'b) per ceatum per annum. (e) It is t~rther co~enanted and apeed by said parties that in the event ot a suit beins instituted to foreclose this mort~a~e, the Mort ~ psee shall be entitle~ to applr at anY t?me Pend~ei sucA foreclosure suit to tbe court 6avins jurisdictioa thereof tor the ~ppointment ot ~ receiver o( ~ll and sinsular the mortp~td properly, and of sll reata. iecomes~ profits. issues sad revenues thereof. froo whatsoever ~ ~ sourte derived; and thereupoa it is hereby e=pressly coreaanted ~ad a~reed tdat t6e Court adall (orthrith appoiet such receiver witA the uswl powers and duties of receivera in like cases; and said •ppointment shall be m~de by the court as a m~tter of strict ri=ht to - the Mort~~~ee, and .vithout refereace to the adequacy or inadequ~cy ot the value ot the property hereby m«t~a~ed, or to the aolvency or insolvency of the Mortta~as ar any othet party de(endaet to auch suit. 'Il~e Mort~asor hereby specific~lly vaives the ri~ht to object to tde appoiatment o( a receiver as ataresaid and hereby espresslr consents that suc6 appointment shall be made ~s an admitted equity and as a matter ot absotute ri~l?t to the Mottp~ee artd th~t the ssme may be done ~?itbout notice to the Mott~ajot. ~ (f) If foroclosure proceedinp s6ould be iestituted ~sainst t6e property covered by tliis mortsa~e upoe any o~her lien a claim whether ~ alle~ed to be superior or junior to t}~e licn of this morts~~e. the Atott~~~ee may at 6is option ima~edi~tely upon instituuae of such suit ~ pay~ble forthrith and may at its ~ ot dwias the peadener thereof declare this mortp~e and tAe indeb[edness secured Aereby due and ~g optiou proceed [o taecloae cAis mortp~e. ~i, TAat the Matp~or ~rill teep all real and pcrsoaal proptrty aow or heteatter eacumbered by the lien of this mortia{e insured as may ~ be reauired frao time to time by the Mort~aiee a=ainst loss by fite, rindslae~ and other h~zards, caswlties and contineencies tor such periads and fa aot lev t6an such asounts as may be required by ~he Mortpsee and to p~y promptly ~6en duc all prem~wns tM such ~ ~ ~narrance. Tha a.ounes ot iesur~nce reQuiced by tAe Mort~~iee shall be tAe aiaimwe amounu tor rb~cA said ~nsur~nce shall be written ~ ~ and it shall Oe incusbeat upon tbe Mortsa~or to o~intain sucA additioaal issurance as aulr be neceasuY to meet ~nd canply (ully ~ich ~ all co-insurance requiremenu coetained in aaid policiea to the end tAat the s~id Glort~ator ~s not a co-insuror tAereunder.lnsurance shall be rrittea by a compaer or cospaaiea ~ppro~ed or deai~nated by tAc Mart~a~ee and all policies and rene~~ls ~herco( shsll be held sy ~he hlwtp~ee. All detailed desi~natioes by tAe Mort~~~or ~hich are accepted br the Mott~~tee and all a~retments betveen M~t~a~or ~ and Mort~~~ee rel~tinj to ioaurance, no~ existin~ ar hertafte~ made. sAall be in rritins ~nd aAall be a patt ot tAis mortsa~e a~teement as tullr as thou~h set torth rerbst~m 6ereie aad shall ~orern botl~ parties hereto aad tAeir successors ~ad assi~ns. No lien upon sny o( b ~ sdd polieies of insurance or upm aa~ refund or return prcmium rhieA way be p~y~blt on the c~nccll~t~on a termmat~on thereot, shall ~ be ~i~ta to otAer than the Yott~~~ee, e:cept by proper eodorsewent •(fi:ed to such policy and ~ppoved by Mort~~~ee. Esch pol~cy of inswance sb~ll Aave a(fised tAeteto a Staad~td Ne+ York Mott~atee Clause ~ithout Cootr~buuon, aakina al) loss or losses under ~ucA policY psrable to the 61onp~ee as its ~o~erest awr appe~r. In the e~eat aoy sum or suss o( money becoe~e paYaAle ~hereunder [he ~1ort- ~a~ee s6a11 hare the optim to ~eceive and apply t6e as~e on account ot the indebtedness herebr secund, or ~o permit the ~Iort~aEor to receive and we ~t, o~ any part thereof, witAout therebr ~~ir~aa a ia~p~~rinj ¦ny eauity. liea, a n{dt under and by v~rtue o( ih~s ~ ~t~a~e, Iw eveet of loss a pArsical dawa~e to tAe mort{s~ed ptopertr the MocW~ot shall ~ive ~meed~~te not~ce thereof by rr,a~l t~~ tl~e Mat~~ee aed the Mortsa~ee may matt proof of loss the s~me is not made prVp~plly y ataa~or. In erent o( tote~lnaure of ~ . , d00K~~~ PAGE UO7 ' > 'si-a~~:~ - ~ ~v'w~.,.~ ~ - . _