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Home My WebLink About1206 ~ ( - . ? ~ ~1 ~ 1 PRt)VIUEI~. AI.NAYS. that if the ~1o~t~atot shall pay unt~ tht 1~1or1satee the indebtedness eviJrnced b~ a ~tttam pt~+~ni.sory nut~ ~f which the followin~ in w~urds and fi`ures is a trur copy tavrit: - ~ f- - - - - - ~~I~~~ . - M;aaa;, F~,w;3~__September 25tn ~q 69 : FOR VALUE RECEIVEU- I ~ wr to the o~de~ oi _ L~ I LTON Y! LYONS..~ ihe pciocipa! gum of7'hree Thousand Seven Hundred Seventy ive an~p~ wi~h in~«ra~ thereon fmr~n date ~t the nte of ten perccnt. pu annum unW matwity, both principal and 'u~terest b~ir~ p~yabk in yw~ul moner of the United Statea at 2244 Biscayne Blvd., Miami. F{odda, or at wt~ ather plaoe a~ th~'hotden hereoi mhr daignat~ in ~+riti~. j Pri~cipal and intettiat payabk in instaltmenta as [oUows: f ~ ; Fifty-Five_($55.00) Dollars per month, for sixty `60) consecutive months, ; orL the 15th day of eachand-every month, beginning on the lsth day oP ; November, 1969, and continuing until the 15th ~lay of November, 197~, ~ ` at which time the balance shall beaome due ~nd payable. . ~ This note may bc prcpaid in whok or in part after one rur from the date ha+eof upon paqment o! a pensity cquiraknt to tMro ' percent of the prir~cipa! sum pt+epsid. ~~h installment payment shatl be credited fust on t6e intet~t due, a~d tl~e rtmainder on priacipal: and intee~est ehall there- ~ upon ccsac upon the pnncipal ao credited. ; The makera and e~dase~s o[ this note (urther a~ee to waive demand. notax of non-payment and proteat, and ia the evwet auit shaU be bc~nnght [or thc codlecta~ hereof. or the eame has to be colkcted apon demar~d ot an attorney, to psY reasonaWe attorney's fees for making such collection. De[erred payments hereunder shall be:r i~te~esl at the rate oi ten percent per annum trom maturitp until paid. ' This note is secured 6y a aw~ge'of even dzte herewith and ia to be caesdved and eAforoed acca~din~ to the ta~ra of the . State of Florida; upon default in tbepay ment of principal aadlor ir~ , the m of pnncipd and intereri rcmaining unpaud ahaU, at the option of the holdera, beeo~ae inune ' a~e„ ; ~ (SEAL) ' PtePued by Spiela 6~ Ta~drieJti Attaneys - 22W B' ~~i'~ ¦apa 81rd.. Mia~oi. Florida ~ . ar~d ~hall pertnrm. c~xnply w~th and abide by each and every the stipulations. agreements, cornlition~ arni cove- nants o[ said pr~xnissory note and of this deed. then ihis deed and the estate thereby createa shali cease and be null and void. • ' ' 1. The Mortgagor hereby cuvenants and asrees: la) Tu pay al! and sinitnlar tAe prmapal and interest and oWer swn+ of rooney paYable .by virtue of said promicsory note and th~x deed, or ti~aer. paaM~ly on.the days reapecUvely the sas~e serenily becomes dut. (bl To penset. rairn~t or sufk~ no .sste a~d to ma~nuin the improvemeats at a!t timss in a state o! ~ood repair and condiiiun. and ~u do or perm~t to hr Jont to ~aid aem,ses ao~h;na ~Asi rill alter or chaajt tl~e ~use aad ehusctet ot said proper~y or in any way impair ur reaken the security of thic ~ip~e. And ia case ot t6e retwaf, ne~leet a iaability ot d?e ?lort~a~or to repair and uaintain s~id proper. iy, the Mcx~~aEee aay, at his opuon, make such repairs or cause the sawe to be sade, and advaace moaeYa in tbat behslt. lcl To pafr sll aad ~~nsulu the taaes, assessseats, fevies, tisbiiities~ aad obli~ations ot erery aature oo aaid de~cribed poperty caah and erery irben due snd payable accadins to law, be(ae they bocome deliaquent, aod to deliver to the M«tea~ee on or betore M+rch 15th ot eatb year taa receipt. evideacins the payment ot all la~rfullr isposed ta:es for the ptecedin~ taleodu year, to indean~fy the Afurtsa~et upon h~~ Jemsnd (or all taaes, a~sescment~ artd cAar~es that msy be usessed upon thia mo~t~a~e or~ the indebtrdne.~ cured hereby, and ~.aid by the mortRa~ee, a~ithout resard to aay lav 6eretofae eeacted ar hereatter to be enacted iaposin~ naymen~ u: the w~hole ot anY ~ar~ thereot upon the MMtEasee. (d~ Tu pay all and vmEular the co.ts, charses and eapenses. includ~e~ lawye~s' fees and sbstract coctc reasonably incwred ~u pa~.c a~ any tm~e h~• the Nor~leaEee becau.e ot the fsilure on the part of the Mortaa~or to pertors. eosply vith and abide by tact~ and e~~•~ ~hr +upulat~ons. s(ueements, cond~uoa~ aed corenaats of ssid ptapissay note and this deed. ot ei~htr~ and every such'payment shafl tk.r ~nterest tran date at thc rate of teo (10L) per cen~um per annum. . (r) it ia fw~het corenanted and a~teed by said part~es thst in tAe erent o[ a suit beir?S instituted to (oteclost this cMt~a~e, th~ ~I~Kt- ~saee shall 1+e entitkd to aDply ~t anr time pendin~ ~uch faeelostre suii to the tourt h~rin{ jurisdictim thereof (o~ the ~ppo~ntmem of a rece~rer of al) snd s~oWi,r ~n~ ~«~,~~a aoo~~~r, sod ot all reots, iacoa~es. profits. issues and revenues thereof, from rrha~.or:~•r ccwrce derived; and Ihereupon it is hercby e:ptesaly coreoanted snd asreed that the Coutt sAall fortL~riti~ appoint cuch recei~er v~ih the u~ual povet~ and duhes of receivers in like caaes; aod saiA appointment shall be made by the court as a matter of .trict r~Eh~ thc ~1ort~a~et, and w•ithout refereace to the adequacy or inadeQuacy of the ~atue o[ the ptoperty hereby mort~ased. or to tRe .~•l~rn. : w insolrency ot the Matp~as or any otUei ps?~y defeiwfant to s~cA suit. TAe Mortaasot heteby apecitically raives tht ri6ht ~~b~.•. e to tht sppoiatment of a receiver as ataesaid aod hereby eapresalr cei?sents that such ap0ointaent shall be isade as an adm~tteJ .yu~t~ and aa a rastter ot absolute ri~ht to the l~lortpsee and tA~t Ihe s~se say be done w~it6out notice to the Mort~ajw. (f ) I( (orecloswe prceeedinp shoutd Se instituted ~taiast the propetty coreted by t6is swrtqte upon anr otber lien or claim rh.~he• alle jed to Ae superior or jmior to t6e lien ot Wis ~atsa~e. t6e ?io~tss~te my at his optian isisediately upon ~n~tituum ot .uch : u~t or durins ~he pendency thereo( declsre this mortp~e snd the indebtedness secved hereby due and psyable texth.ith and ma~ ~i option proceed to foreclose ~Aia mortp~e, l~l Th~t the Matp~or vilt teep all retl and persa+al propert~ nar a Aeresfter eecusbered by the tien ot thia ieort~a~e insured as ma~ ~ be required (rom ume to time by the Mortsasee asainst Iws by tire, ~~ndstotm and other bssatds, caswllies and cnnt~nEenc~e. (~~r .u.h per~ods and ia not,less ~haq sucb awountt u~ay be reauitsd by tl~e Abrt~a~ee aad to psy promp~ly rben due sll premiums f.r such ~eswance. 76e a+sc+urtts of iaawaoSe reqnired br t6e ~fortsa~et shall be We aiaiauis amounts tor ~rAich s~id insurance shall be .ntt.n and it chall be incum0ent upoe the Mortss6a to aintain sucA additional iasuraace ss sar bt neceasar~ to meel and comply (ully r~~h sll co-iasura~ce reqriraaeats coetained io said policies to tAe eud Wat tbe said Mat~~or is not a co-insuror thereunder.lnsurancc shall be xnlten by s caspsny ot tuspapits apptored or desiptated by the ?1ott~aset and all polities ~nd teRewals thereo( shs1l Ae held by the Mat~a~ee. All detailcd desi~nstians br tAe Mortq~or which sre acccpted b~ the 11ort~atee aad al! a~eeeaentc between Morya~or snd Ma~~s~ee relatm~ to insurance. nmr existins or heceafter made. shall be in rritinj and sbaU pe s part of tbis mortssse ajrcement as tully as tAoush set (atb rerbatis kerein and shall ~overn bo~h p~rties hereto and Weir soccessots ~d assi~4ic. Ko lien upon any of said policies of insurance ot upan aar refuad or return praeius ~hie~ a.y be o.r•b1e on ~he c.~esllsfia?ror ~er~e~as~~on ihereof. sh~lt be ~iven to otAer than tbe Mortp~ee. e:cept by proper endotse~eet a(ti:ed to suth polity and app~oved by Mortptet. Each pol~cy nf insurance shall harc afGxed thereto a Standud He~ Yart lfort~s{ee Clawe oitlioYt Coevilwtion. sakin~ ~11 loss w losses unJer .uch policy psr~ble to ~Ae Morlpsee as its iaterest aqy ~Opeu. le tbe ereet apy nws a s~s o( ooner becoae Osyable thereunder the \Inrt- ~a~ee shall have the optlon Io rece~re an~ spply the s~ee on account ot ~6e indeEtedness hereby stcured. a lo pern~it the ~MrtE~E~~r to receire and we ~t, a•ny put thereof. ~ithout WereAr w~ivina or inpairinj aay equity, litn. ot ri~At undet;nd by vutue ot th~~ ma~~sse. ln erenl of loss or physical dasasc to the nw~t~a~ed property the Mortqsor shafl ~ive i~rrtediate aouce therco! by rra~1 t,~ ~Ae Murlsasee anJ ~he Ma~a~ee Alay ieakt proot ot loss ~f the same ~c not madefpromptly~by the \tat~aao~, lo event l~xe~ln.ure ~I t~ ' . ~v1I11 T11~ ~{~Y d?V - - - h ; ~ . - - - - • - - - ~ ~~~.-U~r''`~~,,~. F - - - _ " _ .~a;~..;,_~-.~ . .