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Home My WebLink About1590 ~ ) ~ • ~ s PRc)VtDEn, AI.N'AYS, that if the Atortga~or shall pay unto the 1~lottjajee the indebtedness evidenced by a ~ certain ptum~.aory nute ` of which_the.follow.in~ in words and fi,~utes is i ttue ~a~_~v? jt; _ ; I ''r a ~r ~ w ~ ~c..~.L~,•~..-~t f • ~ ~ 3 lT9 ~0 . 00 \,:ami, Flurid~ 0 C ~ o o e r y~}'~ _ 1'? . r ~ . FUK ~'.~1(.liE KF:CEIVED 'e . ic~l _^.i ~ ~r ~e~'e~P~~ prum~•r t~ },r}~ tu thr ~?rdrr ~?i DAVID H. CANTOR &~d ~LE2i v~.N~:a3,. his SviYe the pnnc~Yat .um u~ ~Yi6 ~10USAT2C~ i11Y1@ ilur.drea ~~'i f' ~y ~n~ l~p~~QQ [~LI..~R$, togeth~r w,th ~et~r••~t ; cherc~~n lrum ditr ut tt~r :ate o! trn percent, prr annum uotil matucity, Loth prin~•ipal and intCrest being payable in lawful munrr .,t thr l'nitrd ~tat+•• ~t ~2~1-1 Biscayne Blvd., ~liami. Flo~ida, or :t such uthcr ptace a.• the holdcrs hereof may desigo~tr ~o v.nt~ng. i' Princi}?al aud intcrr.t payable ie i~stallmenta as [ollows: ~ i ~ Tnirty-~ i~-e t~3S.00) Dollars per ~onT~:, for ~ixty ~•~U} consectz~i~e ~ ~ontizs on the 15th day of each sr.:: e•.~ery mo :th; be~~:.~~_r.o ~n tne ' 15th day of i~ecembar, 1969, and continuin~; until the i~t:, day o~ ~ ~ ~ecember, 197~ at whieh time the balance shall become due and payahle. i: . . . i : ? ~ Thic notr m~y br p•ep:id in whole or in put after one year (wm the date hc~eof upon payment of a penaltr equivxleot t~~ two , • i pe~cent of tnr p~ineipa! :um prepaid. ~ ~ s 1 £srh imtailm~nt payment shali be c~edited Crat on the interest due, and the rrmainder on pancipsl; a~d inten.t shall there upon cra.:r upun thr p~incipal ao eredited. ~ 'f h~• makrn and ~ndorser: of this note lurther agree to waivr demand. notice ai non•payment and protesC, and in thr rrent ~uit ~ • ~4:all br brouKht for thr co3lcction hereoi, or thn same hu co b~e cullected upo~ demsnd oE an attornsy. to pay rea.,unabl~ attomey ~ ~ : lcra fur mal:ing such collection. ~ n~f~~red paym:nta hereunder shall bear interest at the ~ate of ten prrcent per artnum l~om tnaturit~r until paid. ~ ~ i Thic nnte is ~r~v«d by a mortgage~of even d~k hesewith and is to be ~onstrued and enfonxd according to the (aw+ oi the = ~tatr of Florida; upon de[ault in th~ payinent of principal andlor inte~tst when due, the wholt wm of pnncipal and intrKrt a 1 ~emaining unpaid ~hatl, at the optior~ of the holdeis, bccome imir.edi ety~ d payabte. ~ •i ' _ ' ~ ~ ~v~ (iE.~L~ ~ ~ ~ ~~,,.s,_ `Z?~ 1.1~. ~-Q (~E~I.~ ~ ~ t Preyared by ip:eler & Tendrich. Attorney~ - 2Z4d B~sayne B1vd. Niami, F da ' ~ ~ ~ . ~ and ~hall perform, cumply with and abide by each aud every tha stipulations..agreements, condition~ and cove- nants u[ said promissory nute and of this deed. then this deed and the estate thereby crested shall cease and be null and void. . 1. The 11+brtgagor hereby covenants and agtees: (a) To~pay ali and ~~nsulsr the p~nc~pa) and interest and othet sums of money payable b virtue of said ~ y promissory nole and this c decd, or either, pramptly on the days rospectircly the same seven!!y becanes due. (b) To permit, caamit oi suffer no w~aate a~d ~o maintain the improrementa at all times in a state ot ~ood repair aad coadiuon, and Yo do « penoit to be d~m¢ w said ptem~ses nochinE that ~ill alter or chae~e the use and character of said ptopec~y or in any ray impair or reaten the security of this mort~a~e. And ia case ot the refusal, ae~leet or inabilihr ot tbe~lort~ssor to reptu aad maintain said proper- ty, the Mor~p~tee wr, at his op~ion, mate sach tepsirs or cause the saroe to bQ aade, ~ad advaace moneys ie th~t be~~lf. - (c) To par a1! and siasulu the taaes, assessmeats. levies. liabiliti~s. aad obliptioas ot erery aature on said described propetty each and every ~rhen due sad payable accadiu6 to lar, betore they become delinquent. aad to delirer to the Mortp~ee ao or before MarcA ISth of each year ux ~eceiptc evidencina the paymcnt of a!1 larfullr imposed taaea Iot.We prce:dio~ eslendu ys~r; to indeemity the Ufo~rtjajee upon his deoand for all taxes, ausesaments aod char~es tbst may be assessed upon this marlia~e oe the iadebtednecs cured hereby, aed paid by th~ mortEa~te, witAout re`ard to aey law Acretotore ee~cted.ar 6erea[ter to be enacted imposin~ ;?aymene o: the vhole or anr ~+art thcreof upon Ihe 111ort;sser, • (d? Tu pay all and ~~n6ulsr the coats, charses and espensts. includins la~ryers' fees and abstract coatc reasonably incuned ~x paid a~ any t~me by ~he SNortbs~ee becau+e o( tAe failwe on the part of the Mortsasor to perfot~, comply r+ith a~ abide by tach and eve.~ tAe st~pulat~ana. a~reements, tondition.a and corenants ot said ptomisaaty nott and tAis deed. at eitAer, aad erery such~payment shall brar ~nurest fia» date a~ tAe r~te of ten (IOS) per centua per snnwn, (e) •It ia (vrUftt covenanted and atrced by said patlies th~t in t6e e~ent of a suit bein~ instituted to (aeclose thia wortsaae. ~he ~1~x~- p~ee ah~l) be eetit{~d lo ~pply at any ti~e pendias such toteclosure suit to 1he toutt havia{ jurisdictioo Ufeteo[ for the sppo~mmcn~ of a teceiver of all snd sin~ulu the a~ortss~ed property, and of sll rents, iacomes. ptotts, issues and rerenues tAeteot. irae ~Aat~ue~rr source derired; and thereupoe it is herebr e:presslr corenanted~aad ~~teed that tbe Coutt sfiall forthrith ~pooiet sYCbreceirer r~tA the usual po+rera and dut~es of receirers in like csses; aad said •ppo~ntmeot shall be ~de Ar t6e cavt as a matter of strict n~ht thc Matp~ee, and witAout reterence to the adequacy or insdepuacy of the v~lue ot tbe pcoperty herebr ewct~a`ed. ar to the s~•l.en.~ or insolvency o( the Mortsa~ors a aoy otder psrty delendant to sucb auit. TAe LAort~~~a bereby specitically ~raires lhe tisAl to nb~rc~ to the appo~ntmen~ of a receiver as a(oresaid and hereby eapressty coesents th~t snc6 sppoiat.ent sda1) be m~de as an adm~tteJ cqu~ty and as a mauer of absolute risht to the Mort~aaee and that the mr be done vithout aotice to sl~e 1Joctaaja. (f) If foreclosme poceedio~.s should be instituted s{ainst tbe ptoperty covered br Wis eottjt~e upon aar other (ien or clairo whcther allesed eo be syperior or junior W the liea of this soryase. the 1lort~a~ee mY at his opuoo immediately upon mstitutioa ot .uch su~t or dunn{ ~he pendeae~citYeteot ded~i~e t6is iAb~rt~att .an~ t4 iadebtiBAesa k~'e+ted Aerebr due aod payabk forlhriih ~mf may af in option proceed to toreclose Ihis aortpse. That We Mo~tp~ot ~ill teep all reaf aod personal ptopettr nmr ar hereaRer eacusbeted br the lien of this awrt~~~e insurtd a~ maY ~ be ~eQuired (rom time to time by the Mort~asee ajainat Ioss by fre, riadstaw and otf?er 6azards, easwtties snd comin~encies G~r .u~h i perioda and for not less tbaa sxch amounts as ear be required by tAe Motyaaee tod to par yroeytly rhen due all prem~ums (or such insurance. The aeonnts ot insrriace req~ired by tbe hlort~asee sha11 be ths siniawe aaamts for ~Aich s~id insur~nce shall be ~ntten and it sh~ll be incu~bent uooa tl~e 1~1ort~aso~ to oainuin such additiousl inswaace as qar be aecessary to meet ard comply /ully ~~~h aH co-iasurance requiremeats cont~iaed in said poiicies to the eod Wat tbe said Mat~a~er is aw a co-iwsuror therewMer.(nsurance sA~ll be arittea by ~ coapanr ot co~psaies ~Oprored or desi~e~ted by t6e Mott~a~ee ard sll policies snd reae~als th~reoT shall be 6eid by the Mor~piee. All detailea desi~aatims br the ltortp~or ~hich ue accepted ar the Mortpsee and all asreemeets betreen Mat{aiw~. snd Mor~ajee rel~tint to insurance, nor existin~ ot hereatter osde. sAa11 be in writias aad s6~11 be a patt of this eaortpse a~reement as tully as thou~h set tatA rerbati~ hereia and shall ~orem both parties heteeo aad ~heir successo~s aad assi~ns. No (~en upoo any uf s~id policies of insurance or upoa aar rtfund or rehun presium shit6 ssr be ~yable on tbe c~ptellstion or ters~nat~op theteof. sAall be ~iven to other ~han the Matp~ee, except by proper endorse.eet affi:ed to sucA poliey aad ~pprored Ay Mortas{ee. Esch pol~cy of ~ insur~nce shall have affi~ed thereto ~ St~ndad Ne~r York Moreq{ee Clause vitbout Conuibution. nuties all loss or losses w~der such i policY p~r~ble ~o We Mort~a~ee ss" ib interest a~ar appeu. Is t~e eve~t toq suo ot ;uss of moaeY ~caae Parable therew~der the ~Im1- ; ~asee sAall bave tAe option to receive sad •Qply t~e s~~e on ~ccount ot We indeDtedness Aereby secured, or to pennit the WorisaEor to receire •nd wt ~t, or ~ay p~rt ~crsof. wiWout tAerebr •~ivia~ or ispairie~ aoy eauitY~ 1~ e. or ri~ht under and by~ rutYe ot thes son~ase. ln erent ot lc~ts o? phY~r~l d~a~aje to the mon~a~ed property We Mortpso~ shall i~ae~ediai! nouTelthere~-js~rr.a~l t~~ the ~latp~ee and thc Idor~p~ee aay mskc'proo( ot loss if the s~ae,i. n~t n~~ prpeptly br the Mort~a~ot. (a evcnt o( tare~Irnure of ' ~ - $~„~~8~1 ~~587 , ~ _ - - - - - - ~ : _