HomeMy WebLinkAbout0907 PROVIDED, ALWAYS, that if the Mortga`or ahall pay unto the Mo~t=a~ee tha indebtedaest evidenced by a
certain promissay note af which the foliowin~ in words and fi~utes is a ttue copy to-wit:
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: 2. 57, S•o0 M;.~,;, Juns 2
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~ FoK v~t.t~E R' v ye. ~Qintly and ~everal w~,Y
to tha ader o[ ~B~i -
the priecipal ~wm o i d~~oII y Vr , tb~ ith inter~t
thereon lnHa date ot the r~te o[ tea pa+aet, pa aanum untii ~aaauity, b~tb principal and intecest bein,s pa~raWe iu IawEui money ot
the Uaited ~tatrr at 2Z44 Bi~eay~x Blvd., Miami. Flo~ida. or at wch ot6er p4ce as the boldets hee~eoi ma~? de~ute in wntin~.
Pr;,,c;p,l ~,d i~c~u p.rabk in ~n.c,Itm«,a as Eollow.: y
Firty (~50.Ac~) Doll~rs per montb:, beginning on the 15th of July 1969
aad continuiag on ths 15th d~y euoh and e~ery month thersafter until
paid 1n ~ull..
This note may be prepaid in whok oc in part attu one yeu from the date heceof upan paYmaot oi a penalty equivdent w two
percent of the principal wm peep~id. .
Each installment paymeet a6a11 be credited f~est o~ the intenst due. and the remaiada on peincipsl: aad interesst shall thee~e
upon cea~e upon the principal w credited.
The makers and endoesen o! this note furthe~ a~ree to waive demand, notice of nw~-p~yment aad protat, and in the event suit
ahall be brouaht for the colketiot~ heceof, or the ~me ha~ to be colkcted npon deatand ot an attoeney, to piy naeonsble attomey's
[ees (or makin~ auch co~kction.
DeEe~ed paymeats I~ereunder ehall bear intaed at tl~e nte oE ten pet~cent per anaum fwm a~aturity until Raid.
This note s eewrod b~r a~t~t,' of even d~1e lierevrith and u to 6e coa~d +~d enfaeed acaorde~ to the taws of the
State of Florida: upon default in thepa
rorent of princqul andlor intu+est wben dne, tLe ++hde wun of piincip~l and interest
remainina uepaid ahdl, st the option of the holde~s, become inunediatdy due aed payabk.
HOwell W• Sverts (sE:~l.~
" 1Catheriae K. Sverts ~SE~~ ~
Ren.~ed br s~le. ~ ra~arie~. ~aa.ry. - rt~o B~~e ~rd.. Mi.mi, Np~id.
and shati perform, comply with and abide by each and every the stipulations, agreements, conditions and cove-
nants of said ptomissory nate and of this deed. then this deed and the estate thereby created shall cease and be
null and void.
1. The Mortgagor hereby covenants and agcees:
(a) To pay sll and sin~ulu the principai and intcrest and other sums o! money paysble by virtue of said pranissary note and t6is
deed, or either, pramptly on the days respectivety the same aeverally beconrca due. ;
(b) To pecmit, comeit or su[fer eo waate an8 to maintain the improvesenta at all times ia ~ state ot ~,ood repair aad coaditioa. aad to ~
do ar peroit to be done to said premises aothins that vill •Iter or c6aose the use aod c6~racter d said property or ie aay ~ay impair a
~eaken tde security of this matsa~e. Aod in case of the tetasal, nejlect ac inability ot t6e Mort~asor to repa'v and aaintain said proper- j
ty, tde Mortp6ee may, at his optim, make such repairs or cause the same to be made, aad adv~ace mooeys ia that behalf. ~
(c) To pay all and sinsulu the ta:es, assessmeats. levies, liabilitiea, and obliqtioos o[ every nature an a~id described property each }
and every ~bea due aad payable accordin~ to larr, before they become deliaqueat, aad to deliver to tAe Mortjssee on oi betore l~/~rcb i
lSth ot eacb yeu tax receipts evideacin~ the payment ot ~ll la~fully imposed taxes for_the preeedin= caleedu year; to indcmaify the
Mort~~~ee upoe Ais dem~ed ta all tases, sssessments and charsea th~t wy be assessed upoo t6is moctaase oa the iedebtedaeaa s~- j
cured hereby. aed Mid Dy t6e ma[sasee, vithout rt6a~d to any lar 6ereto(ae eaacted or Aeresfte~ to be enscted impoains payment of i
the v6ole or any ~nn thereof upon the Abrt~asee, i
s
(d) To pay sll and sinsulu t6e costa, char~es and e:peases. includin~ I~~ryers' tees snd absuaet coats reasan~bly iecurred ~x paid ai !
aaY time by the Mortq6ee because of We tailure oa the art ot t6e lilort6a~or to ar[am. compty riW and ~bide by eac~ and every the ±
atipulations. aarecmenta, conditiona and covenants ot said promiaawy note rnd t6is deed, a eitAer. and every sucd'payment sball bea~
interest trom date at Me ra[e ot ten (IO'~r) per cen[um per annum,
(e) It ia furthe~ corenaated ud a~reed by said parties t6at in We event o( a auit bein~ instituted to toreclwe this martpse, We Mort.
ptee ahall be eotitled to ~pply •t aay time peodins sucA forectosure suit to the court 6avioj jurisdictiau thereof for We appoiotment
of a receirer of sll and sinjulu the matsased property, and of a11 rents. iocoaes. proCes. issuea aod reveaues thereof. from vhatsoever t
source derired; and Wereupoa it is hereby expressly coveeaeted aod ~~reed that We Court shall (orth~ith appoiat such receirer rrieh i
ehe uswl po~rers and duties of receivers in Iike casea; aad said appointmeat ahall be 0ade br the eoart as a mauer ot strict risht to ~
the Mottss~ee, uW w~ithout retereace to t6e adeqwcy or inadequ~cy of the v~lue o( t6e proper~r herebr m«es.~ed. or to the solvency
or insolvency ot the Mortiasors or aay ot6er party defendaat to snch suit, TAe Mat~~sor Aereby specitic~lly raives the ri~6t to object
to tAe appointa~eat of a receiver as aforeaaid aod herebr e:p?esilr conaeots t6at sncA appoint-ent ahsll be ssde as ~n admitted equity
•nd ss a mattec ot abaolote ri=ht to tt?e Matp~ee and t!?~t ~he saee may be doae rithout aotice to the Mortq~ot.
(f) It toreclosure proceedin~s shou{d be instituted asaiast the property covered by this mort~ase upoa aey other lien or claim shether ~
alle~ed to be superiot at junior to the lien of thif aort~a~e, the Motta~~ec may at 6is optioo ima~edistely upo~ fastitutioo of such suit
or d+uins the pendener t6ereot declarc this mortaase and tbe iedebtedr.~sa secured hereby due and payable (arth~ith and ouy at its 4
optiaa proceed to foreclose tAis mort~~~e.
t
~ T~~~ ~a~Nia ~~ll teep all real and petsonal property aov or hereatter encw~beted by t6e lien o( this mortsaae insured as may ~
be required Gos time to tiee by t6e Mort~~~ee ~pinst tws by fire, ~iadstarm aad ot6er 6azarda, caswlt~es ~nd conten~eaciea for such !
periods ind for not less ~hae such aoouats ~s may pe required br the A1ort~a~ee aad to pay promptly rbea due alI prcm~ums (or auch ~
inaurance. 7he amoants o( iaaurance required Ay tbe Uioruasee s4a11 pt tbe 4ioimuw amouats for rAich said insurance shall be rntten ~
and it adall be inciim~ent upon t6e Morya~ot to Minain auc6 additlmal iesurance as saY be necessary to aert and comply fuUy with
•Il co-iasonnce requiremeata contained in said policies to tbe ead that the said Matqsor is not ~ co-insuror thereunder.lnsurance
sAal1 be w~ritteo by a compsny ot cospaoita ~Oprored ar desi{aated by tbe 61ort~a~ee aad ~11 policiea ~ad rcnerals thertof shall be held
br the Yatp~ee. All detaitsd deai~natioos br tAe lNortp~or rhich us accepted br ebe llortsssee aad a11 asreeoenta bet~reen Mort~ajor
and Mortsa~ee relatin~ to iosur~nce, nwi eaistin~ ar here~fter e~ade. s6a11 be ip vritin~ and s6a11 be a put of this mo~tp~e asreement
u fully ~s thoush set forth ~ecbatia~ 6ereia ~ed shall ~overn botl~ p~rties hereto aad their successors anQ :ssi~ns. No (ien upon ~ny of
said policies of insuraace or upm se~ retund a return pre~i~ wDicb mar be p~r~ble on the caocellat~on a tetmioatiaf thereof, shall
be ~i~en to other th~n tAe Nott~~see, except by prope~ endorsesent atti:ed to sucA policy and ~pproved py µort~a~ee. Each policy o(
insur~~ce ahall Aave affixed t6ereto a Staadud New York Mort~~~ee Ctause ~itAaut Coauibut~oo, makiaa all toss or losses under such
policr p~Yable ~o the Alatissee ~s its interest ioay apyeu. In 1Ae e~eat say su~ or suss ot mopey becoae par~ble thereunder the ~fort-
~a~ee sAall have the option to recei~e snd spply the sa~e on secoYnt a( tbe iOdeAtedness bereby secuced, a to perecit the ~Iort~aEor
to receive and use ~t, or aey p~rt thereof, rithout WereAy raivint ar iarOairiu~ ~ar eqnity, iiea, or n~At uader and Dy virtre of thi~
aiort~~~e. In ereot ot Iws or physical d~ma~e to the mortsaRed property tAe Mort~asor sball ~i~e ieeroed~~te not~ce thereof py ma~l io
~~~t~~« •~d the Mott~a~te may mate proof of loss it tAe ssme ~s not made ptoesplly Dy the ~as valt o( (o~eclnaure o(
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