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Home My WebLink About1422 PROVIDEn, ALWAYS, that it the Mortgator shall pay unto the Mort~a~ee the indebtedness evidenced by a certain promissory note oi which the followin~ in worda and fi`utes is a true copy tawit: ~ . = 5. 97S • 95 Miami. Fbrida ~11~1'N ~ - ss FOK VAI.UE RECEIVED Z _ ~xumi•r tu `?ay to the orde~ uf _ CYR'YN~ 7~. ~ a llOSi~ QQlDO_latliON ~,~1QQ - the principal sum uIlM S~ ~2~ S~~t2'~R_ ~DOLI.ARS, to~ether with intetr.t thereon fwm date o( the ;ate of tre perceet, per aanum u~til maturity. both principal and intenst bein~ parabk in law(u) muney ot the United ~1atr. at 7244 Bi~cayne Blvd.. Miaiai, Flotida. or at wch otl~er pl~ce sn the hdders hereof ~aay desianate ~n writing. Princi~?al ~uid intcreat p~y~We in installa~eets a[ollow~: si~r t~eo.oo~ n~i~. p.~r ~oocb ~sAS~ oo cb. isch a.4r o: 196s, aaa vo~cs~?ia~ a. w. lsw a~gr ot .s~ .~al .onlh eb.sw?te.s ~eu r.s~a sn ~u. Tha rwte may be p~epaid . . . ~ ai~ t~M 1I~~ pM1i1~~ Each in,ctdlmen~ parment ~hall be eoedited fint an the interert due, and the trmaindu oe priacipal: and inteKat shsll there upon eeue upon thr principal w ctedited. Thr. makers and endonea o~ tha note turther a`rce to waive demand, notice of non-payment and pcotat, and in the event wit shsll br brou~ht [or the cdlection heeeot, or the wae has to be collected upon demand ot an attomey, to pay reswnabk attomey's (ees tor makir~ wch cdlection. Deferred payment~ hereundet ~haU bar ieteast at the nte ot ten percent per annum [ron? maturitp netil ~aid. Th~ note is ac.vted by a mortp~e of even d~1e Iw~ewid~ and is to be coMtrued and enfa~eeJ accad~~ to the laws ot the State ot Flwida: upon defauli in thepa yment oE principal andlor interat wi~en due, t6e whole wrm of ptincip~l and intenxt eemainint unpaid ahdl, at the optioe of the lwlde~s, becwne ~aunediately due and payabk. MARY A. FOGARTY (SE.~ I. ~ (~EA1. ~ Repred Sy ~ieler ~ TenArieh. Attae~eys - 2Z40 Bi~apne ~e~ . Mi~n~i. Florida and shall perform, comply with and abide by each and every the stiputations. agreements, conditions and cove- nants of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. I. The Mortgagor hereby covenants and agrees: (a) To pay all and sin~ular Ue pcincipal and interest and other sums of money payabte by virtue of said pranissory note and this deed, a eit6er, promptly oa the days respectively the samt severally becooes due. 'j (~S To permit, commit ot sufter no ~raste asd :o maintam the improremeats at all timea in ~ atate ot sood repair and condition. and to do or permit to be done to said premises aothin~ that ~r~ll alter or chanse the use and c6aracter ot said property or in any vay impair a i xeaken the security ot Utis mortpse. And in c~se of the retusal, ne~lect or iuability of the Mortsasor to repair and maintain said proper- ~ ty, the Matp6ee maY. at his option, make suc6 tepairs or cause the same to be made, and advance moaeys ia that beh~lf. ~ (c) To pay all aod sinsulu the qies, assessments, levies, liabilities, ard obli~ations of every nature on s~id doactibed praperty each ~ aod erery vrRen due and payable accordina to lar, befae they become deliaQue~t, and to delirer to t6e NoctsaLee aa or be(ore March ; ISth of tach year ta: receipts evideocin` the payment ot all lav(ufly imposed t~:es for the preeedins calendu year; to indemeify the ~ lltartsa~ee upon his demaad (or all taxea, assessments and char~es tAat msy be assessed upon thia morisase on the indebtedness s•- ~ cured 6ereby, and ~+aid by the mort~a~ee, r•ithout re`ard to any lar heretotate eoacud a hereafte~ to be enacted ireposia~ payment of ~ the rhole or any ~art theteo( upoa the AMr~6a6~~. F (d) To pay all aad sinsular the costs, char~es and e:peases. includins la~ryers' (ets aied abatract costs teasonably incuned nr paid at ~ any time by 1he A1ort6aaee beccase o( tde failure on tht part ot the Morta~~or to perfotm. cemply aith and abide by e~cA and every the stipulations, a6reements, conditions and covenants of s~id p~omisaory note and this deed. a tither, and every such'payment shall bear ~ interest [rom date ~t the rate of ten UO'L) per centwo per aanum. ~ (e) It ia turther covenaoted aad a~reed by said parties tAat in ~he event ot a suit bein~ iostituted to toreclose this mort~ase, tAe Mat- sa~ee sha11 be entitled to spply at any time pendins such forecloeure auit to the court havin~ jurisdiction thereo( fa the appointment ~ o[ a receiver of all and sin~ular the mort`a~cd property, and of all teots, insumes. p~otita, issues and rerenues thereof, from vhatsoever ~ source derived; snd thereupon it is Aereby e:pressly corenanted aad a~teed thst tAe Caurt s6a11 (orthvith appoint sucb receiver r~th ~ the wwl po~vera ~nd duties of receivers in lite c~ses; and aeid appointment shall bt made by the eourt as a matter of strict ri~ht to ~ the Mattasee, and vithout referener to tha adequacy or inadequacy d the value ot the property herebr matsased, or to the solrency or insolvencr of the Morts:~ora or anr other party defendant to such suit. lhe Mortqjor hereby specifically waires tht ri~ht to ob~eci to the appoiatmeot ot a receiver as atoresaid aod hereby ezpressly consents t6at sucA appoiatsent shall be made as an adm~tted equ~ty ~ and as a mattet of absolute ri~ht to the Mottp~ee aod that tbe same msr be done ~r~thout notice to the Mat~a~or. 5 It toreclosure pcoccediass should be instituted a~aiast tAe property covered by tAis mottp~e upon any od~cr lien or claim rhether ~ allesed to be superio~ ot jmiat to the lien ot this mart~a~t, the ?lott~ssee maY at dia option ~mmedutely upoa sastitution of such su~t ' e a durin~ tl~e pendency tbe~eot declare tAis mat~a~e and the iedebtedness sec~aed hereby due and pay~ble forthw~~tA and may at its F ~ optioo p~oceed to foreclwe t6is mortsase. ; ~ ~ (v TAat the Matpsa vill keep all real and person~l ptoperty nor ot 6erufter eacwebet~d by the Len of this mort~a~e insured as may - be reQuired froo time to time by tNe #Aort~asee spinst loss by tire, vindstorm and otAer hazards, caswit~es and contin6encies for such = pe~~ods and fa not le~s than sucA ~mouets as msy be required by the Mor~p~ee and to p~y promptly ahen due •II prem~wns tor such ~ ~ iasutapee. The smounta ot iaaursuce required by the Mortsasee sdall be the miaimum smounts fot rh~ch sa~d msur~nce shall be w•ntten ~ and it aball be incumbent npon the Mortiasor to msinqia such ~ddi~ional insuraece as may be necessarp to meet and comply fully vith all co-iasutsnce tequiteeoents contained in said policiea to the edd that the s~id 1?lortss{a ia not ~ co-insuror thereunder.tnsurance shall be written by e coopany a compaoies spptoved or 6esi~nated by the Mortsa~ee and all pol~cies and renewals thereot sh~ll be held ~ by tht Mal~a~te. All detailed deai~nations by the Mort~a`or which are accepted by tbe Mort~a~ee and alI asteements bet~een Mortsaio~ ~ and ~lort~asse rel~hn~ to insur~nce, nor existin~ a hereatter made, shall be in +ritins and shall be a pan of th~s mor~sa~e ~treement ~ u tully as thou~A set tort6 ~erbahm herein and shall sovem boW parties hereto and tkeir successws aad ass~~ns. No l~en upon any of •aid policies o( ~nsurance ot upan any utund ot return premiue~ .hich may be psYable on tlie caecellaUOn or termmauon thereot, shall se ~iren to otAer Nan tAe I?lat~a~ee, c:cept by proper endorsement a((I:ed to sucA pol~cy and approred by Mat~s{ee. Each pol~cy of ~ ~nsar~nee aMll b~ve •ffiied thereto a St~ndud Ne~ York MottN~ee CIaLL+e rnthout Coau~butioa, aukin~ all loss a losscs under .uch ~ policr p~yasle to tAe Mortp~ee as ~ts ~oterest ~say apyear. In the eveat aay au~ a sues o( isoney pecoae psyable ~Aereundcr the ~tort- sa~ee shall hare tAe optloe~ to rece~re aad app(y t4e s~ae on acco~t o( the ~nde~tedness herebY secured. or to permit the ~IortEagor ~ to recei~e and ux ~t, a any p~rt theaof, ~ithout thereby Ma1YlI1~ a imp~~rins any eQuity, liea, or n~ht under and by ~uwe of th~. mortp{t. ln ereM of loss ot physical damaae to the mort~s~ed property tht Mortp~ot sh~li {irt ~mme ~ e puce thereo( by Ta~l eo ~ , tAe Moeiq~ee and the Mortp~ee may make prou( of loss the same ~s not maie ~rot~~~ t~~o14~~~evcnt ot fore~.o~ure of ~ 800~t i 1 ~ ' k ' > a _ _ _ ~ . _ . _ Ss.ti~ _ _ , »