The URL can be used to link to this page

Home My WebLink About0345 f . ~ t . PROVIDED, ALWAYS, that ii the Mat~asor shsi! psy unto tbe A~brtaasee the indebtednes~ evidenced by a~ certain promissory note of whicb the followin~ in worda and fijurea is a true copy to-wit: ~ ~4ti~~6 l~Or6 ~ S ~.K?~.00 Miarai,Florids ~~ptember li ~y~~ FOK YA[.UE~tECE1VEU '~Te. lointlv and severa7 ~y ise cu ..-.•,T ~ wr to the o~der ~I FR;~ L~::.~CK D. B U:;t ~NN NO/100 ~ the pRnciNsl wm u~'Q~ Z`!'ious t~Tid Ff ve_ Hl„~dred, Twenty_ Fi ve nd pp(,j,qj~, M,~~ ~~~r~~~ thenwn f~m date of the ;ate of tr~ peocent, per annum nnti! rnaturiq~ both ~rineipal ar~d iueeeat be;n,~ wyaWe u, bwful muney of the United tit:e~~ at 22~ Biscayne Blvd.. yliami~ Flnrida. oe at wch otlies place aa tbe boldas hee~eo~ a~r dpi~n~te in writin~. P~ncipal iu~d inten~t p~yable in irKtallments as [ollowr r Fi.f'ty-Five ~55.00)Dollars per month, for siaty (60) conaecutive-months, on the 15th day or each and every month, ~ beginning ~pn the 15~h day oP ~:ovember, 1969, and continuing until the 15th day of Noven~ber, 1974, at ~_~!~ich time ~he balance shall become due and payable. , ~ . . This note may be prepaid in whole or in put afta one year from the date hereof upon paymeet of a penalty equivaknt to two ' percent of the priocipal wm prepaid. Each installm~nt~payment ahal! be creditcd Cnt ore the interazt due. and the rrmainder on principal; and intetest ~hal) thert- upon cease upon thr principal ao c~cdited. Thr. makr~ and endurxrs of this note further agree to waive demand. notice of ~on-payment and p~otat. and in the event wit shall be brought Eor the colleetion heceof, or the same has to be copeeted upon demtnd of an attorney~ to par rea~onaWe attorney ; fees tor making sueh colketion. Deferred payments heaunder 6ha11 bear i~tereat at the rate of teA percent pec aonum (rom nuturity unW ~aid. ~ ~ This note is secviced hy a mortg,;age'ot eveo date herawith and is to be ~onsdved aad enfoened acc~du~ to the laws of the State of Fiorida; upon defwit in thepa ymeet oi principd andlor interest Mchea doe, tbe ~rl~ok w~m d pru~cipal and interest , remaining unpaid ahaU, st the option of the holders, becoane imrnediately due and payaWe. ~ ~ ~ (SE:11.~ ~ X 1. • . ~ ~..l~ • ~ _ i~..• ~tir~: (SEAl.1 " 14epared by Spieler dc Tendtich, Attomeps - 2240 Bi~eaynt Blvd.. Miami, Fkrids ~ and shall perform, canpty wit6 and abida by each aad every the stipulations, agreemeuts; conditions and cove- nants of said promissory aote and of this deed. then this detd and the estate thereby created shatt ~e~?se and be null and void. . 1. The Mortgagor hereby covenants and agtees: W To p~y all aod sinsulat the priacipal and interest and other sums o[ money payable by ~irtue o( said promissory note aad this deed. or tither. proaptly oa the days respectively tbe aame severally becomes dne. (b) To petait, co~nit or saftet no w~ute and to saiatain t6e improvemeats st afl tiaes ia ~ state ot ~ood repair and conditioo, sod to do a per~it to be doae to said prcaises nothia~ t6~t vill aiter ot ehaa~e the nse and ehuacter of said ptoperty or in any ssp impair o~ acaten the securitp ot this sortpae. Aed in case ot t6e refnsal. ae~lect ar iaability ot the Mert~a~ w repair aod minuin said proper- ty~ tAe Mortpse~ my. at his optioo, mske sneh ~epa'us or cause t6e same to be m~de, snd adrance moeeys io that beh~if. (e) To p~y all aud sinsulsr t6e tues. ssseumeats, tevies. liabilities. add abliptioas of erery nsture oo ssid described property each aed ereryr ibca due and psyable accordio~ to la~. betore they becax delinq~ent. u~d to deliver w t6a Mortsa~ea an or before MarcA iSt6 ot each rear ta: reeeipb evidencie~ the p~ymeat o[ all ls~rtully impoaed taxea tor.t6e precedins c~lendu yeu; to iademnify the Matsa~ee npon 1?es deiaand for aii tues. assesameats snd cAutea ffist may be sssessed npoe this s~atpse ae We iadebtedness s~- cored hereb~, snd paid by t6e matia~ee, ~rithout reprd to sny la~ becetolore eaacted o[ heteattet to be eaaeted imposins ptyiaent of the r6ole or aey ~art tkereot upoa the Mlortta~ee. To pRy sll ~nd siasnlu t6e costs. ehar~es snd expeases. inclndins laryera' fees and abstr~ct costs teasmably iecnned nr paid at aey tise by Uee Mortp~ee becauae of tbe failure on the patt ot tbe Mort~or to pe~fam. eoopfy ~vith aad abide by e~cA and e~ery ffie , stipulationt. aireements. cooditions aad covenaats of s~id promissory note aad t6is deed. ar eit6er. and every sac6'payment shatl 6esr interest troe date at t6e r~te of ten UO'b) per centum pcr aanum. (e) It is tur~ha covenanted and a~eed br said puties that ia t6e srent ot a suit beias iastituted to toreclose this mortaa~e, the dtort- ~ ss=ee s6a11 be entitkd to soply at any time peodina auch foteelosure soit tp the conri havin~ jurisdictiaa thereof for Me ~ppointment ot a teceirer ot all and sia~alu the mortp~ed p~op~rtr, a~t ot ~11 reats. ineoses~ pr~b. issues aad rerenues theceot. [ros ohatsocver source detircd; aed thereupoo it is-6ereby esprea~ir covenanted and aitetd t6at the Court shaq fott6~it6 ~ppoint sat6 receirer rith the nswl po~rers aod dnties ot receivets ie like cuea; ~od said sppoietmeat ahall be m~de by ffie coart aa s mitter of stcict ri~ht to the 6iortp~ee. ~ed rithout rete~ei~ce to the adeqaacy or ia~deqnacr of t6e ~alue of t6e property herebr aort~aed. a~ to the solreocy or insolveec~ of the Ulort~asors a anr otber partr deteadant to spch suit. The ilortsa{ot 6ereby speci(ically taives tbe tisAt to object to t6e appoiatoeot ot a reeeirer ss atoresaid aad hereby expressly caeseots that anc6 appoietseat sh~ll be vade ~s aa admitted equity aad as a eatur of absolnte ri~6t W tbe Mottp~ee ~ed t6at tAe same say be doae ~rithout aotice to the Nortsasor. (f) It (orcclosure prceeediap s6ould ba iostiwted aqiost t6e pcoperty covered by t6is oortpse upoA any Wher lien or cltim ~hcthsr allesed W be snperia ot jmia to the lien of tl~is oataase. the Mortsa~ce my at 6is option immedi~tely upoa iastitutioa of aucb suit a dwios the peadeocp, t6aeot d~cl~re thii mortqse sad the indebtedness sec~red 6ereby due aod payable fath~ith and may at its optiao proeeed W foreclwe tbis aortsa~e- T4at t6e Gfottµ{or ~itl keep ~11 real aed perioaal propettp noir or beresfter encuo?bered by the liea ot this mort~a~e insured as maY be required tcos tie~e to ti~e by tbe Mlortiajee aaainst loss br fire, vindstarw and other baurds. caawities aod coetin~eacies [w auch periods aud tor oot leas than auc6 ~aounts as o~y be requi~ed by t6e Mbrt~a~ee aad to paY proaptly ~r6eo due all prea~iums fa aucd iea~eece. The aaamts o( issarsoce reqaired br tbe Mortsasee s6s11 be tl~e minimum amouata tor ~hich said inawance shall be ~rritten and it sball be iecuwbeet opoa the 1lortp~ to wintain sneh ~dditiaaal iesurance ~s way be aeceasary to see~ aad complY fully..i~ all co-iasur~eee te,qniresea4 cootained ie said policies to t6e eed that the said Matp~ar is not a caioa~etor thereunder.lnsurance ' shaU be rrjttea bp a easpaaY ar coepaaies appro~ed ar desi~nated by the Nartpsee aod ~il policies and renevais ~hereot s6a11 be Aeld by tha lilort~ea. All deqilod desi~natians by the Alarts~~at vhich ue aceeptad by t6e Mortpsee aud aU , qreemeats betreee 1~(onpsor aod Martsasee rel~tin~ to iei~raace. ami e:istins ot 6ereafter made. sAail be ia ~rritin= and sball be a put ot this a~atpae a~reemeot ' si folly ~s Wousit set fat6 verbatia~ 6ereio snd shail ~ovem bot6 putiei hereto and their successors u~d sssi~na. No lien upon aay ot saW policiea d iasuraece a npoa aa~ re(und or return p~e•aium whie6 s~r be pay~ble m the canceUatioa or termieation thereof~ shali be ~i~ea to ot6er tdaa the Mort~aiee. eicept br proper endorseQeot aftixed to sucb poliey .nd ~pproved by Mortsa~ee. Escb poticY o! insur~see sb~ll b~•e affiaed thereto a Suedard Naw Yort 6lortpaee CiaYSe .ithoot Coeuibuiioe. makint iil loss or losaes under sycA ooliey payable to the Mortp~ee as its interest s~y appeu. le t6e e~eat any sum a suss of mooey became oayabfe thersunder the ~lort- ~a~ee sAall hare the optiao to reeeire and appiy tbe s~Ae on ~ceount ot t6e indebtedatss hereby aecured. ot to permit t6e Mort=~Eor to reeeire aM we it, a~ny part thereot. witbont lherebr wairin~, a impairin~ ~ny equitr. lieo. ot ri~ht under and by virtue ot chis ~wrttaae. Ie ereat ot lass ot p6rsical d~au~e to the aatt~ajed p~opetty We Mortp~er sLall ~ive iramediatt nolice thereof by mail to ~ M~Aii~ ~i4 tbe Motystee s~Y oyte proot of loss it the a~e is not made praoptlyby the Irprtsasa. In ereat ot taeclosure of - s°o~x ~80 Fac~ 34 ~ ~ `~i''~''~.~t"`= .~'s-*v~ ~ , - - - - - - 4r r. ~ . . _ ~ ~ .w~, -s aPS--~U~r~~ _