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Home My WebLink About2491} i ~~ j; . \ ~ t1 ;• PROV1DEt1. ALWAYS, that i[ the Mortgagor shall pay unto the Mortgagee the indebtedaes: evidenced by a certain ptomissay note of which the following in words and figure: is a true copy to-wit: s~.100.00 ~~ Miami, Florid. I4u.~QUSt 28th .~. 19~Q_ FOK VA[.UE KECEIVED We , iointly and severally Itrepni,e to pay to the order of - the principal twin of T1eLQ Thous and One Hundred and O DOI.I.ARS, together with interest thereon from date of the me of ten pertxnt, per annum until ttnattuity, both principal and interest being payable ja lawful matey of the United Statt'a at 2244 Biscayne Blyd.. Miami. Florida. a at such other place p the holden hereof map designate in writing. Principal and intert:at payable al irtatallmertta w follows: Fifty ($50.00) Dollars per month, beginning on the•15th day of October, 1969. and continuing on the 15th day 4f eagh and every month thereafter until paid in full. This note may be prepaid in while a in part attar one yew from the date hereof upon payment bt a penalty t:quivaknt to two percent oI the principal sum prepaid. Each installment payment shall be credited first on the infarct due, and the remainder tat principal; and interest shall there- upon cease upon tltt• principal ao credited. The makers and endonen of the note further agree to waive demand, notice of non-payment and protest, and in the Brent suit shall be brought for the edlectioa hereof, a the saint: has to be collected upon demand of an attorney. to pay rcaeombk attorney's tea for making such collection. Deferred payment hereunder shag bear interest at the me of ten parent per annum [ran maturity until ~. This note is aewred by a ntort~lge of area data herewith and is to be construed and enforced stxordtrtg to the laws of the State of Fbrida: upon defauh in the paywent of principal andlor intact r-hen due, the whole sum of Pri pal and intered remaining unpaid shall, at the option of We holders. become unmet~tel~due~and p+~-~e. e ~j .~,~ heptred b'y sv~ ~ Teaiie4 Attanteys - ~0 Bisearwe Bhrd.. Mimi. ' //~%G~_~XtaiC~t~./- (Y (SEAL) (~EAI.I :~ ~ 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 singular the priaeipal and isterest and other ewes of money payable by rime of said promissory note tad this dead. or either. promptly oa the days respectively the same severally becomes due. (b) To permit. cottmit or suffer no taste and to maiatsia the improremeati at all times is a sots of good repair and condition, sad to do or permit to be done to said premises sothittg Utat rill alter or change the we sad character of said property or in any ray impair a rattan We sscwitr of this mortgage. Md is case of the retwal. neglect a inability of the Mortgagor to repair and maintain said proper- ty. the Mortgagee wy. at his optiaa. make snch repairs or cave the same to be made. rod tdvaace atoneYs is that behalf. (e) To pay till sad singulu the tosea, assesstaeats. levies, liabilities. sad oblitatioos of every aatwe oa said described property each and every rhea due sad parable aeeordiag to lat. helots they becow de4squent. asd to deliver to the Mortgagee oa or before March IStb of seal year tai receipts eridescing the payment of all lartully imposed taxes for.the preceding ealeadu Year; to indetasify the Mortpges epos his demand for all to:es. assessments and charges Utat may be assessed upoe this mongage oa the itdebtedaess s~- cwed hereby. aril paid by the mortgages. rithatt regard to any lest heretofore enacted or horetfter to be enacted imposing payment of the thole or any tart thereof upoe tie Mortgages. . (d) To pay all sad tittgular the costs. charges and e><pemes, incltding laryers' tees and abstract costs reasonably iscurted or paid at soy titre by the Mortgagee becawe of dte [tilwe os the part of the Mortgagor to perform. easply rit6 sad !bide by each std every the stipulations. agreewatt, conditions sad coresaats of said promissory note sad this decd. or either. rod every sucb'paytaent shall bear istuest tram date st the rate of tea (10'i) per csatttw per aamtm. (e) It it fsrtha covenanted tad agreed by said parties that is the Brent of • suit being iastitsted to foreelwe this sortgage. the Mort- gages shall be estitkd to apply tt ray time yarding such foreclosure snit to the cttwt baring jtrisdietiaa thereof for the appoiataunt of • rseeivsr of all std singular the sortgaged property. sad of all teats. iacowt, profits. iasuss sad revenues thereof. from rhatsoerer sowce derived; and dtsrsupoe it is hereby eaptestly eorssuted asd agreed that the Court shall fttrthrith appoint stci recsirsr rich the wwl potters sad duties of receivers is like cases; sad said appointment shall be wile by the cowl as • atatter of strict right to the Mortgages, tad ritbtttt reference to the adequacy a itudetptaey of the value of the property hereby mortiaged. a to the solreacy a iasolveser of the Mortgtigors a am otl-a party deteadant to such suit. The Mortgagor hereby apeci(ically rairea the tight to object to tbs sppoistmest of • receiver at aforesaid sad hereby a:presaly coascstt that such sppoistwat shall be made ss to admitted equity std at a wtta of absolta right to the Mortpgse tad that tbs saw wy be dons ridtout antics to the Mortgagor. (f) 1f torsclostre proeeedisp should bs isstiwted against the property covered by this mortgage upaat any other lien or claim vrhetber tllsged to be asperior a junior to the lien of !bit mortgage, the Mortgages wy at his aptioe immediately upon institutiaa of such suit or 6trisg tie pstdstxr thereof declus thin mortgage ttM the isdebtsdscst secured bsreby due std payable tortbritlt std wy at its optics prttesed to foreclate thin mortgage. (~ 71st tie Yortgtgot rill leap all real rod psnaaal property sot or Aereattet escttmberted by tie lien of this mortgage iaswcd ss may be required from tiw .to tiw br tie Mortgages apiast lots by fire. riodstorm std other 6asards. ctswlties and caatiageacies for such parietlt tad ter not leas than such amount as wy bs rsgsired br the Mayagee std to paY promptly rhea due all premiwu for such iatsrtaes. 71t smossta or iassreses rsgtirstt b tie Mortgages mall bs tie misitsta amomq for rhich acid iaswutce shall be mitten sad it shall b• isettmbsst epos tbs Mortgagor tt- wiatais fuel sdditiottal inawttses u sty bs accessary b wet sad comply fully ritb all eo-iisarsaes reauitsataata eontaised is said polieisa to the sad that the said Mortgagor is sot a co.iaawor thereueder.loswaace stall bt rrittss br t eetttptttr or eomptsiet approved a dstigeated by tbs Mortgages sad all policies and raasrtts therea( shall be held h tie wortgagw. All tNuilsd dssigeatitms by us Mortgagor .hies ate accepted by We Moryagss asd all agrsstttsats betrsee Mortgagor ltd Morytgq rslttisg to ittturasee. soli .e:ittiag or Mrufta mods. shall be in rriting aril shall ba a part of thin sortgage agresateat u folly as though ast tordt vstbttim boreis ass shall gown! boti partisa hereto sad their sxcsssors sad tatigas. No lien epos any of told pelieisr d isttrasea or types asr rsftttd or rsettn premium riici wy bs payable as the ettttesllatioa a tsrmiaatioa thereof, shall bs givsw to crier ties tM Mortgtgss. saespt h proper sttdorsemsst atfised to such policy asd approved by M«tgsgce. EacA policy of iaasttset titll itve affissd thereto t itattderd Nsr York Ifott{sgas Clause rithost Castribrtiaa, wkisg ill bas or losses under sucA policy Vtra-N to the Mortgaps as its iataeat mfr appstr. N tie suss! ray rum a tuw d mosey heroine ptyable thereutder the Mort- gtges ball Aare tie optiow to receive ltd apply tie tams es tceotmt of the isdebtedaeas hereby aecwed. or to psrtajt the Mortgagor to receive art/ tors it. or tar part tisrso(, rithost thereby rafting or impairing say equity. Lisa. err right wader ttN by rictus of this msrtgap. r avast sf Iwt or piytictl damage to the mortgaged property dts Mortgagor shall gins ittwditte entice thereof by mail to tie Msrytgss sad tht Mortgagy wy.sate proof of loss if the same is not male pramptl~r by the Morysg«. la Brent of foreclosure of ' `~ 600K ~~ PAGE~4~ -_: _.. _