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Home My WebLink About2091 PROVIDEn, ALWAYS, that if the Mortgagor shall pay unto the Mo~t~agee the indebtedness cvidenced by a certain promissory note o[ which the followina in words and fi~ures is a true copy to-wit: ~~HN~i~6 ~6 1-;9~S..~O Mia~ni. FI«~a~ June 21~_ ~~b_~ FOR VAGUE KECEIVED ':+f d e r~l ptt?mi~e tu pay co the order o[ ~41ALTLR BERGER 8IId J ~v f ~ _ the priacipal sum o(1II~ ~ ' LLARS, W~ether with intenst theceon fwm date ot the rate of ten pe~cent, pe~ aanum until maturity. both principal and inte~est bei~ payabk in law(ul muney of ~ the United ~tatr: 2244 gac.yne Blvd., Miami, Florida, or at auch otl~er place as the bolden he~eof e+ay ds~igoate in writina. Principal aud interrst payabk in instaUments ac follow~: li ~ orty (~r'~0.00) ~ ollar.: p~r ::?~nt be~innin>; vn ~he l~th day of lbu _.u -t 1969~ an ~ cant-inuing on _the 15th d~y of e~ah anc'. every menth ther~- after until pui~~ in iull. This note may be pcepaid in whde or in part after one yeu [rom the date hereof upon payment oi a penalty equivalent to two peree~t of the p~ncipal wm prepaid. Each installment payment shall be credited (irst on the interest due, and the remaindcr on principal; and intercst shall therc upon ceaee upon thr principd w credited. The makers and e~doreers ot thia note further a6ree lo waive demand, notice of non-paymeot and pcotest, and in the event suit shall br brou~ht for the cdlection hereof, or the eame hac to be ca{lected upon demand of an attomey, to pay rcasonable attorney~s fees tor makin~ weh cdlection. DefeRed paymenta hereunder ~hall bear intenst at the ate of ten percent per annum ~rom maturity until paid. ~ This note is secared by a mort~t~e~of tven d~Ee I~a~ewith and is to be ~.•on~trued and enfaeta according to the laws o( the ~ State of Florida; upon deGult in thepa yment oi principal andlor inte~at Mrhea due, the whok ium of principd and int~rest ~ remaining unpaid shall, at thc option of the holders, become immediately due and piyaWe. Caronias Newton (;E.~I.~ $ rnl Newton (~Eal.? PrePe'ed ~y SPiekr ~ Tee~ieh. Attaniryn - Z2~10 8i~arne B~d.. MW~ni. Flaida and shall perform, comply with and abide by each and every the stipulations, 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. 1. The Mortgagor hereby covenants and agrees: (a) To pay all and sinsulu the principal and iaterest ind other sums of money payable by vitwe of said prom?ssory note and this deed, or eithtr, proouptlY ~ tAe days respectirely t6e sams severally becomes due. (b) To perait, commit or suffer no vaste a!d to mamtam the improveme~ts at sll hmea in a siate of good repajr snd condition, and to do or permit to be done to said p~em~ses aothins that ~rill alter or chan~c the use and cAaracter of said property or in a~y way ~mpair a weaken the secut~~Y of thi~ mort~a~e. And in case of the retusal, ne~lect or iaability ot tht Mort~ssor to repair and ma~nta~n said proper- ty, the lbrtpsee may, at Ais optian, make such repairs. or cause tbe same to be aade, and adv~nce moneys in tAat ?ehal[. (c) To pay all and s~n~ulu the taies. ~saessmeets, IeYies, liabilities, and obli~atiafs of every nature oa said described property each and everr ~rben due and p~y~ble accotd~ns to la~r, betore tAey becane deliaqueat. and to deliver to the Mortsatee on or befae MarcA ISth o[ each ytar [sx tecei{+ts ev~deocins the paymrnt of •11 lavfully ~mposed tases (or tAc precedins calendar yur, to i~emnify the MorttaLee upon his demaad tor all ta:es, assessments and ch~rfes that may be sssessed upon this eoatsa~e on the indebtedness s•- cured hereby, and ~+aid by the mat~a~te, w~ithout te~ard to any lar Aereto(ore enacted a 6ere~fter to b~ enacted imposins psyment ot thc whole or •ny ~art thereof upon the A/ort~a~ee. ; (d~ To pay all and s~nsulu the costs, char~es and expenses, includ~n~ la~vyers' fees and aDstract costs reasor~ably mcurced e+r paid at f any time by the Matss~ee because of the (~ilurt on the part of the Mort~asor to perform. comply v~th and abide by each and every the ' s ` st~pulations, a~reements, cooditions and covenants ot s~id promiasory note and Nis deed, or'e~thet, and every sucA'pay~eent sh~ll bear 3 ~ ineerest (rom date at the cate ot ten (!0'~) pe~ centwn per annum. ! ~ ~ (e) It ia furthn covenanted and a~reed by aa~d parhes Nat i~ the event ot a suit beins inaUtuted to faeclose th~s mortsase, the Mart- ~ ~ p~ee sh~ll be entitled to apply at any t~me peadins such toreclosure suit to the court havin{ jur~sdiction thereo( tor the appomtment E ! of a tettiver of all and ain~ular the mortsa~ed property, and o[ atl rents, iecames, profits, issuea ~nd revenues thereof~ frora rhatsoever ~ source derived; aad thereupon it is hereby exptesaly covenanted sod aireed th~t tAe Court sAall torthvith appoint sucb receiver ~ruh ~ the usual povers and duties ot receivera in lite cases; and sa~d appo~nta~ent shall be m~de by the court as a matter of stric~ ri~ht to s tl~e M«t~~~ee, and .~~thout re(erence to the adeqwcy or inadeQwcy o( the value of the property Aereby m«tp~ed, or to the solvency ~ or insolvency of the Mortp~ora or sny otAer party de(endant to ~ucA su~t. 71~e M«t~a~or hereby spec~Gcally raives the r~~ht lo ob~ect to the appointment of a receirer as aforesaid and hereEy ezpres~ly conaents th~t suth ~ppomuseot shall se msde aa an adm~tted equ~ty and aa a matter o( absolute ri~ht to the Mort~a~ee and that tbe same may be done ~itl~out notice to the Mott~a~or. (f) tf [oreclosure proceedinq should be instituted a~~inst the ptoperty covered by Ibis ~oott~a~s upon ~ny other lien or cla?m Whether alle~ed to be superior or juoior to the I~en of thia aortp~e, the Mott~stee eoay at bla optioa ~mmed~ately upon ins~ituua? ot wch su~t or durin~ the pendency tbeteot decl~te this mort~aae •od tAc indebtedness sec~red hereby due •nd payabie forth~~tA and may at ~t~ optioe proceed to taeclose t6is oort~a~e. (v 7'h~t the Matp~a r~l) teep all re~l and penonal propertr no~r or Aerufter encwaberod Ey the l~en of this mortsa~e msured as msy be reQuired from time to time by tAe Mortsasee apinst loss by fire, w~nds~ara~ and other hatards, ca~uahies ind co~t~nsenc~es for such per~ods •nd fa not less tAan such ~eaunts as may De reQuued by the Mort~a~se ~nd to pay promptly ~rhen due all premiums for such msurance. TAe seaunta o( iesursoce requued by We Mort~aLet aAall be tAe oioimum amounts for vh~ch aa~d ~nsur~nct shsll bt ~ntten ~ and it s6all be ~n:umbent upon the l~lort~s`or to maintaie aucA addit~onai insutanee af may be necessary to meet and comply tully •r~th all co-iesurance requirements contau?ed ~n said policies lo tAe eod tAat the aaid Nort~a{or ~s not a co-~nsurot thereunder.lnsurance t sAsll be rrruten by a coopany or compaa~ea a~ored or des~~aated by the Irtort~s~ee and all pol~c~es and ronerals thereof sh~ll bt held - by the ~1«t~a~te. Atl dt4iled desi~eat~ons by tht Mort~a~or which are accepted eY tAe Mort{a{ee sad all asreements be~reen Mort~a~or and Alottaasee relat~n~ to insur~nce, novr taistin~ a hereat~er made. ahill be in rrit~n~ and sh~ll be a patt of th~s mort~a~e a~rtement a~ (ully as thou~h set fath rerb~u~e hete~n and shall ~ovem botA parties hereto and the~r successors and ass~~ns. No I~en upon ~ny ot ' s~id poGeies a( insurance a upon any retund or return prem~uen vhich may be pay~ble on tAe c~nctllstion or termm~uon thereof, sAsli be aiven to otAer than ~he Alotts~~ee, eicept by ptoper endorseeeeet af(~aed to such pol~cy and approred by MortsaEee. EacA pol~cy n( msur~nce sAall h~vt a(f~aed thereto a Standad Ne~r Yort Nort~a~ee Clause w~thwt Contnbut~on, makm~ all loss w losses under ,u.A ~ poltcy pay~ble ~o ~Ae Alott~a~ee •s ~ts ~n~erest may a~e~r. In the erent aay swn o~ sums of wouey become p~yable ~Aereunder the ~lon. ; ~a~et sAall have tAe opt~on to rece~re and apply tAe s~me on ~ccount of tl~e ?ndebtedness hereby secured, ot to permu tye Nort~aEor to rece~ve and we rt, a any pari thereof, vithout tAereby raiv~ns or ~mpn~m~ any eQuuy, Gen, o~ n~ht undcr and by nrwe of thi, - mortaa~e. In event of Icns w physical d~ma~e to the mort~a{ed property the Nort~a~or sball ~~ve ~mmed~ate no~~ce thcreof by ~arl t,~ ' tAe lNottp~et snd ~he Mort~~ee may make proot o( loss d the same ~s not madt ptomptly by~hL~1 t . In t EK~{~~n.urc n( . • • R PAf, r Y: . . 60C1~ ~ ~ _ _ ~-~~~x `z Y... t. ~