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Home My WebLink About0904 . Y t . PROVIDBn. ALWAYS. that if the Mortgator shatl pay unto the Mort`a~ee the iadebtedness evidenced by a certain promissory note of which the following in words and fijurea is a true copy tawit: , - - - ~ ~ - - - - - _ - . ~a~~ ~ S- I~~~ Miami~ Florida J1~~ S 1~ ~ , - ' FOR VALUE RF.CEIVED ~O ~ 0~! ~ 8~7 promisetopay c~? thc orcicr o[ iii ~Z$11'~~ • - ~he ptincipal sum oE 'ijs tiIIL2`~ i Ot~ Dn1.LARS, together with interest ~tierrnn trom clate 1t the nte of tcn ~xrcent. per annum until maturity, both principal and interest bcing p~yable in lawful money of the Unitcd Stata at '~0~ Roper Buildin6. Miami. Florida. or at such,ather place u the huldcn hcrtoE may ctesignace in wtiting. Principal and interat payable in instaltmea~ as follows: i ThirLy Y#.w t~~S.G_.) Lo11~3•s~ ;.~r oonth~ Le~inni~~ oa t~o 15t;~i ~e~r j a! wu:;u~t~ i;;b?~~ +?nd ovatiauing oa 15~.h du;; t~t eaou wnd ~~?er~? ~ ~:,ntl: tt~re~~Z~r us~l~il ~aid i~ lull. ~ i ~ ~ ~ This note n~ay i~e pre~rrid in ~vhole ur in ~~:~rt after one year Irun~ the date hereuf u~xm ~,ayment ot a ~,eneity i eyuivalent tu two perrent ot the princiµ~t sum pre~id. ! Each installment payment shall be credited first on the interat due, and the nmainder on ~,rincipal: and inte~est ' ~ shall thereupon cease upon the prindpal so credited. ~ The makers and endonen of this note further agree to ~vaive demand. notice oE noR-paymene and procese, and ! in che event suit shall be hrought Eor the collection htreof. or the same has to be collected upon demand oE an attorney. co pay reasonable atcorney's fea for making wch oollection. DeEerred payments hereunder shall bear intaat at the nte oE ten percenc. per annum from maturity until paid. ~ This note is secured by a raortgage oE even date htrewith and ia to be conswed and enforced according to the laws oE che State of Florida; upon default in tht pipment of principal and/or int~est when due, the whole sam of principil and incerest remaining unpaid shalt, at the option oE the holdus. beca:ne immediately due and payable. B~roa d. 8oaera ~s~.~. - . . ~~s?n $ogera ' . . ~s~.~ ~ ~ - and shalt perform, comply with and abide by each and every the stipulations, agr~ements, conditions and cove- nants o[ said promissory note aad of this deed, thcn this deed and the estate thereby created shall cc$se and be oull and void. 1. The Mottgagor hereby covenants and agrees: (a) To pay stl aad sinsulu tde principal and intetest and other swns o[ money payab)e by virtue of said promissory note and tdis deed, or eitber, proaytly o~ tde daya reapectively the same severally becoaes due. (b) To permit, commit or suffer no ~aate a~d to maintain the improvemcnts at ali times in a state ot sood repair and coaditioa~ and to do ot permit to be done to said premises nothins th~t vill alter w cAan~e the use and character ot said property or io any ray iropair or veskea the security ot this mortpse. And in case of tbe retusal, neslect or ioability ot the Mort~a~or to repair aad maintain said proper- tY. the 61ort~aeee msy, at 6is option, make sucd repsirs o~ cauae the same to be a~ade. aad advaece ma?eys in tAat behalf. (c) To pay all and sinsulu the taaes, assessments, levies, liabilitiea. aad obliptioaa ot every nature oa said described property each and erery rhen due and payable accordies to la+r, befae they become delinqueat, aod to delirer to t6e Mortasses on or before lWrcb IStA of eacb year tsa reteipts e~ideacinj the paymeet ot ail la~rfuilr imposcd ta=es tor.the precedins caleadu year; to indemnity the Nortpsee upon his demaad tor all ta:es, asseasmenta, aed char~es that m~r be assessed upon this mort~~se oe the indebtedness s~- cured hereby~ and ~+aiA by tAe mottaasee, vithout reaard to aay law Aeretofore enacted or berestter to be eaacted i~epoaina Qay~ent of the rdole oc aay ~art thueo( upon tAe Mortsa~ee. (d) To p~y all sad sinsulu We costs, ehar~ea and e:penses, ineludios la~rrers' tees and abstract costs reasonably incurced ex p~id at any time by the Mat~asee because ot the failure oe the p~rt of the Mort~aror to perfoco, comply rith and abide by each and every [he stipulationa. a~teements, coaditions and covenants of said pomisaoty note and this deed, or eiWer, aad every such'payment sAall bear interest tram date at the r~te of ten UO'L) per centum per annwp. (e) It ia futt6er covenanted and s~teed by s~id parties t6at in tAe erent o( a suit beins iastituted to (aeclose tAis matt~ase, the Mort- p~ee sdall be entitkd to apply at ~ny time peadias ~uch foreclosure suit to cbe caut havie~ jurisdictiaa tAereof for the appoiatment ot a receirer of i)I snd sinsulu Wt ~aatsated proyerty, and ot ~11 rents, iocomes. pt~ta. issuea aod reveeues tdereot. frar vhatsoever source deNved; and ihereupoe it is hereby e~pressly coveeanted aod a{~eed W~t the Court shall forthvith ~ppoint su~h receiver ~vitl? the uswl porcrs and duties of receivers in lite cases; aad said appointment shall be made by the court as a matter of strict risht to t6e Mort~~~ee, wd Mithout reference to the adequacy or inadepuacy ot the value ot tAe property hereby mat~a~ed. or to tAe solvency or insolveecy ot the Mortsa~ors a aey other p~rty defcndant to such suit. The Mortpsa heteby specific~lly viives tbe ri~6t to object to We appoietmeat o( a receivu as aforesaid and dereby e:preasly cmaeats ffiat sucA appoiatmenl sbilf be mde ss an admitted equity and as a autter ot absolute ri~Et to the Mo~tp~ee and tdat tAe saiae auy be doae vitdout notice to the Alort~a~or. (f) If foreclosure proceediajs should be instituted a~aiast We ycoperty covered by t6is mortpse upoe any other lien or claim whether i alle~ed to be superior or junior to tbe liea ot this matsa~e. the Mort~a~ee nNy at dis optiae immediatety upon institution ot such suit ~ or darias t6e pendency thereo! declare this mor~~aje aed tbe iedebtedness secured hereby due and payable tortb~ith and may at its E optioa ptoceed to faeclose tbis mon~~se. ~ ~ (v 'Ihat the Mortpior will keep all real aad persanal propetty ao~r or Aetea(tet encumbeted by the lien ot this mort~a{e insured as may be required frow time to time by tbe Moetsa~ee aaainst toss by fire, viadstam aad ot6e~ basards, easwfties ~nd cor~tin~encies (or such periods and for not lesa W~a sucb amounts as may be required by the Mortp~ee snd to pay promptly when due all premiums tor such ~uanrance. The ~aaunu of ins~r~ace required by the Mqr[~asee shall be the miaimum amounss ta fAich ~aid lnsur~nce sha11 be written •aI it shalt be incuebent upan the Abrt~a~or to Mintaia such additioaal iesutance ss eay be neeeasary to meet and comply Jully +r~tA ~11 co-insurance requireseets contained in said policies [o tAe eod that the s~id Moriqsor ia not a co.iasuror thereunder.Inaurance shall be rritteo by ~ coepanr or coapaaies aoprored w deai~nated br the Mortsa~ee aed a11 poi~cies and rene~~ls thereof sh~Il be held by tAe 1/ortp~ee. All detaiied desiinatioos by the Nortsstor which ue sccepted by tbe Llortj~see ~nd all ssreements betweee A{ortpaor •od Mort~a~ee relatin~ to insurance, eow e:isUn~ o~ hereafter aade. sbsil be ia vritia~ snd sball be a psrt ot tAis mat~a~e a~~eement as fally ~s thouih ~et fortA rerbatim 6erein and shall ~orern both p~rtiea hereto and their auccessors sod assisns. Mo lien upon any ot s~id policies o! insuranee w upan aay refund w~etwn preaium ~r6icb s~r be payable on the cancell~tioe or termination thereof. shall be jiven to other ~6an tbe Nottp~ee, eacept by proper endorsement •f(iaed to sucA policy and spptoved by Mort~~~ee. Each policy of insuraoce shall h~ve a(fiaed tAereto ~ Standud Ne~ Yak Mortp~ee ClaYSe ~itAout Coauibucion. mat~nj •11 toss or tosscs under such politr psrable to tbe ?latjssee •s ita in~erest m~y appear. In the e~ent ~ar sws or suqs pt moaey become payable iAereunder the ~tore- ~s~ee sball h~re U?e optioa to receive and apply tbe saae on ~ccount of the indeAuJaESS Aereby sscured, or to perm~t ihe ~1ort`sRor to receive aoQ we it, ot snr part thereot, rithoYt theceby ~raiv~a~ or impairin~ aay equitr~ liee. or r't~ht under aod by vutue of th~a iwrt~aje. ln erent d loss ar phyiiul daea~e to tbe aort~a~ed aoper~r we tNorcpsor shsll ~ive ~mmedi~te nol~ce thcreof by ma~l to the iilottqsee aod the Mort~a~te may mate proof of lose if ihe ssmt ~s not made promptly by the Mort~asa. In event of fat osure of M • • ~ . _ . ;l . . . _ . . , 'i.:t!.f~