HomeMy WebLinkAbout2924• E.~ : • .
pROVlDEn, ALWAYS. that if the AAottsaBa shall pay unto the I~brtBaBee the indebtedness evidenced by a
certain pcamissay note of which the followin6 in words and fiButes it a true copy to-wit:
~~~ ~~~
_ ~ . 325 ~ Op Miami, Florida September 6 19 bs_
FOK VALUE KECEIVED We , ioiritly and severally Irromiee to pay
to the order of C ~' ve an g
the principal wm ~f Three Thousl3in nee t3x1 re q'wen y LLARS, to ether with intereat1
thereon fwm date of the rate of ten percent, per annum until maturity, both principal and interest being payable in lawful money of
the United Slaty at 2244 Biscayne Blvd., Miami, Florida, or at wch other plan as the holden hereof may designate in writing. j,
Principal seed interest payable in installments as follows:
Siaty~Five ($65.00) Dollars per month, beginning on the.l5th day of
November, 1969, and continuing on the 15th day of each and every month
thereafter until paid ih full.
This note may be prepaid in whole or in part after one year fwm the date hereof upon payment of a penalty equivalent to two
percent of the principal wm prepaid.
Each installment payment shall be credited first on the interest due, and the remainder on principal; and interest shall there-
upon cease upon thr principal so credited.
The makers and endorsee of this note further agree to waive demand, notice of non-payment and protest, and in the event wit
shall be brought for the cdlection hereof, a the acme has to be coQected upon demand of an attorney, to pay reasonable attorney's
fees [a making wch collection.
Deferred payments hereunder shall bear interest at the rate of ten percent per annum fwm maturity until laid.
This note is secured by a aartg~tge•of even date herewith and is to be construed sad eaforoed aceordttt~ to the laws of the
State of Florida; upon default in the payment of principal andlor interest when due, the while sum of pruteipal and interest
remaining unpaid shall, at. the option of the holden, become rmmc 'rely due and pay e.
~ ~ ~ ~ ~ -ci t (SEAL)
..
. 1 - (SEAL)
Preptmd bI- Spieler d< Tatdridt. Attot-neya - ZY40 Biaayne Blvd..
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:
W To pay all and singulu Hs priatipal and interest and other soma of money payable by virtue of said prom;ssory note tad this
deed, a either, promptly on the days respectively the same severally becomes due.
(b) To permit. commit or suffer ao rjste and to maintain the isptovemeats st all times is t state of good repair aril condition, and to
do a permit to be darts to said premises nothing that rill alter or chance He we and chuseter of said property a in say ray impair or
neaten the ucruity of this mortgage. Awd is ease of the retwal, neatest or inability of the Mortgagor to repay and maintain said proper-
ty. the Mortgagee may. at his optics. mate sorb repairs or ctwe the saax to be sails, aril advance moneys in that behalf.
(c) To pay alt and singulu the tares, assessments, levies. liabilities, and obligatiaas of every nature as said described property each
and every when due sad piyable according to Itr, before they heroes delinquent, foil to deliver to He Mortgagee oa a before March
ISH of sash yeu tae receipts erideecing He payment of all lawfully imposed lases for.the preeediag calendar year; to indemnity the
Mortgages upon his dcsand tar all to:es, assessments and charges that ay be assessed upon this moryage oe the irdebtedneas a•-
cured hereby, aril paid by He arortugee, without regard to any law beretotore enacted or hereafter to be enacted imposing payment of
the whole or any wart Hereof upon the Mortgagee.
(d) To ptY all sail sinaulu the costs. charges and a:peaces, iaclnding lawyers' tees and abstract costs reasonably incurred M paid at
any time by the Matpgee becawe of the failure oa the part of the Mortgagor to perform, cosply rit6 sad abide by each aril every the
stipulatioaa, agreemeata. coaditians and corswnts of said promissory note and this deed. or either, sail every such payment shall bear
interest tram date at the rate of tea (10I<) per centum per amus.
(e) It is further covenanted sad agreed by said parties that in the scent of a suit being instituted to torecloae this mortgage, the Mort-
gages shall bs entitled to apply at any time pending such tareclosure suit to the court baring jtrisdictim thereof tat the appointment
of a receiver of all and singulu dte satgaged property, sad of all rants. incomes, profits. issues and revenues Hereof, from rhtuoever
source derived; and Hereupon it is hereby saptessly eovsoanted and agreed that the Court shall forthriH appoint such receiver rich
the uswl powers aed duties of receivers is like eases; and said appointment shall be stile by the court as • matter of strict right to
the Mortgagee. sad without reference to the adequacy or iaadegwcy of the talus of the property hereby sangaged, a to the solvency
or ittsolreasy d the Mortgagors or any other putt' defendant to such suit. The Mortgagor hereby specifically naives the right to object
to the appointment of a rcceivu as aforesaid aed hereby a:presaly ca-seats that such appointment shall be made as an admitted equity
sad as ^ matter d absolute right to He Mortgages sad that the saws may !K done without notice to the Mortgagor.
(I) It torselwrre proceedings should be instiwted against the property covered by this monpge upon any other lies or claim whether
alleged to be strpsriot a jrmior to the lien d thin mortgage. the hortgagee wt' at his option issediately upon institution of such suit
ar during the pendency tbersot deeltrs this sortgags sad the iadebtedaeas secured busby dne sad payable [arthrith and may tt its
option proceed to forscloas His mortgage.
w 71st the Ifortgagsr rill rasp all real and personal property nor ar hereafter eacusbered by the lien of His mortgage insured as may
bs regained from time .to rims by He Mortgagee against loss by fire. riadstarm and other Aasards, ctswlties sad contingencies for such
psriads sad tar not leu tiaa such amounts as mar be requires by the Mortgagee and to pay promptly when due ell premiums for such
instraacs. 71s anouata d iaauranee requusd by He MortaagN shall be Hs minitatta asomts tar rhieb said insurance shall be written
sail it shall bs ioeusbeat upon the Mortgagor to naiataiu such additional insurance as may bs oecessuy to cress and comply fully riH
all eo.idstraxe requirements contained is said policies to the sod that He said Mortgagor is not a co-iaauror Utereunder.lnsurance
shall M rtltlsn h a coatosrty a casrpaniss approved a dsaigaated by He Mortgages and all policies sad rsaerals Hereof shall be held
by the Mortgagee. All detailed dsaignations by rtes Monaga which are accepted by He Mortpges and all agresmeats bstrten Mortgagor
sad Mortgages relating to insurance. no. esiatiag a barsafter wads. shall de is writing sad shall be • part of His-sortpge agreesent
w telly u though set faH verbatim hueia sail shall govern boH panics hereto sad Heir saccssaors and assigns. No lien opus any of
sa10 policies d insurasce ar apua say reftod of rstara prssitrm rhieh may be payable oa He eaneellation a tsrsination thereof. shell
bs gives to other than alts Yottgagee, erupt -y propu eadaaement affiaed to such policy sail approved by Mortgadcs. t..ac6 policy of
inarases shall bare sf6asd thereto • Standard Nsr Yort Mortgages Clause riHoat Ceatributiae, noting ill loss a losses under sucA
policy pays-Is to He tdortgagse as its interest may appear, L the avant any sum a err of money become psytble thereunder the Mort•
gages shall have tbs option to receive sad apply the acme a aceotmt at the indebtedness hereby secured, or to permit the Mortgagor
to rscsin aM ws it, ar set' put Hereof, riHout thereby waiving or impairing say equity. lien, a right under and by viTtus of this
martgsgs. b steal d loss ar physical damage to the mortgaged property Hs Mortgagor shall giro immediate notice Hereof by mail to
the Moryagss sad tbs Mottgag~e may mate proof of loss if the ease is not made promptly by the Mortgagor. In Brent of foreclosure of
aoaK 179 P~~E 2922