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Home My WebLink About2777 . y' ~ ` , , PRUVIpEn, ALWAYS, tha~ if the \1ort~ator ahall pay unto the ~io~tta~ee the indebtodness evidenced by a certain promissary note ~i which tht follov?~ins in wocds a~d fi~uces is a true copy to-w~it'_ y_~! ~dH~~~~ ~ s~~675.00 ~;,m;, October 25tb 1q69 ` FUR VALUE KI~:CH:IVED W8 ointly and severally pwmi9a a p.y 1 tu the order o[ 'r . v , r tl~ princi~?~I ~m o~Y~ ee Thousand Six Hundre Seventv Five and ,~o~~ w~~h ~nc~ru~ thece~n Gom date at the rate oI ten percent, per an~um unW maturity, both priocipal and interat bein6 p+rabk in lawful money of ; the United States at 2244 Bi~cayne Bfvd., htiami, Florida, o~.at wch oti~ pl~ce as tbe~hddas herwi n?sy deai~nal~e in "n'~"~. ; Prineipa! and inte~est payable in inslallments a~ [oUows: Sixty ($60.00) Dollscs per month, for sixty (60) Consecutive months, on the 15tt~ da~r oi each aad ev~ry month, beginning on the 15th d~y oi December, ~969, and continuing until the 15th da~y of December, 19?4, at which time the balance ehall become due and p~rable. , This note may be prepaid in whde or in put a[te~ one year from the date heroof upon pa~rment oi a peodty equivalent to two , peccent oi the principal sum prepaid. Each instaliment payment shall be ccedited Cust on the ~nte~est due, and the cemainder on principsl; and interest ahall thue- upon cease upon ihc principal ao credited. The makets and endoroets of this note further agree to waive desnand, notice of non•payment and protest, and in the event sun shali be brought for the cdlection hereof, or the same has to be collected upon demand of an attorney, to pay reasonabk attorney's fees for making such collection. DefeRed payments hereunder shall beu interest at the rate of te~ percenl per snnum tcom maturity until paid- • This note is sec~rcd by a mort~ge o( even dat~e herewith and is to be construcd and enforoed accordin~ to the laws of the ~ State of Florida; upon default in the payment of principal aadlor interest when due, lhe whde eum of principal and intee+est rrmaining unpaid shall, at the optia~ oi the laldera, become ~aunediat,dy due and Wyibk. L~%~~~~ itness as to s mark: ~o cer fl~ s ( ) Mark (SBALj ri ~y~ e+.a.. F Toe c r br ~Q~~ ~~r - anu snali perlorm, comply w~th and ab~oe oy each and every the atipulations, a$teemeats, conditions and cove- nants of said promissary note and of this deed. then this deed and the estate thereby created shall cease and be null and void. 1. The MortgsEor hereby coven~nts and agraes: _ • (a) To ~paY alt and s~nsulu the pnnc~pal and iettrest and othet swoa `ot ieonel~ paTabte Sr vittue ot said promi~sory note and this deed, or eii6e~ prpmptty an tAe days respccu~ely tbe same s~rerdly beowes dne. _ (b) To Permit,• couwit er ~after no orite ~~d to eu~ntain the ia~oveaeets ~t all times in a state of ~ooi repair and coodition, and'to~ ~ do ar permit to be done to said presises nothins t6at w~ll alttr ot cdaa~6 the we snd chuactfr ot aaid propetty ot ia aar rray impair or i ~eaten the security of this mott~sse. And ia cast of the retosal; ne~teet or ieabili~y ot ~6e Yortsaic~ to repair ~nd asiat~in ssid proper- ~ ; i tY. the 6lartpEes saY. a~ his optim. mate suc~ repairs or uusZ the s~me to ~ t~de, ~kod advaase moocrs is Wt beh~IL ; { (e) To psy all and ~~+~ulu ahe raaes, assessmeats, levies; liabilities. aod obU~tloas o~ every a~turt oe s~id described p~operty each ~ and svery rhen ~e and yyablc aclaJi~ to h~. befae 4hey becoos deliaquent. sod to deliv~ to t6e Mort6atee on or betore March E ISt~ ot ucb year taa receipts fridencios'tF~e pay/oen[ of all la~tullr isposed ta:es ta the precedies uleedu year, to indemnify the ?lat~asee upen hi~c dem~nd ta all taxes, assescmenta and cAsr~ea lhal ssr be ~ssesscd uPoa~ this mortas~e oe tht iodebtedness ~ !f cured bereby, and paid by tRe 4ortp~ee, ~itAout re~ard to any 1sv Aeretpfae enacted or heteafter W be-eoacted "uoposinb payraent o: ~ { the vhole or ~ny ~art thereo0upon thc Mortpsea ~ f (dl To psy all ard sinsulu the costs, char~es and e=penses, includin~ la~ryers' fees and abstraet costs reasonably incnrted or paid at ~ any ~ime by the ~~ortsaaee because of the failure on the p~rt of the Morteasor to per(ors, somplr ~ith aad abide by each and ever~ ~he ~ stipulat~ons. sareements, conditions and covenants o( said promias«y note and this deed. or either, and every sucA~payment shall hear E mterest ttom date al the rate of ten UOZ) per centum per annum. 3 ° (e) It is turther corensnted and a~reed by said psrtiea thst in t6e event ot a suil bein~ instituted to foreclnse this rorttaae. the ~I~t- 6ajee shall be entitled to applr at anr tioe pendins sach to?eclosure snit to the cowt h~vins jutisdictian thereot for the appo~ntmtn~ of a receiver ot all and sinsular d~e roortp~ed property. and o( sll reots. incomes, profiu. issues and revenues thereo(. fras rhatsoevcr source derived; and ihereupon it is hereby expressly covenanted aod s~reed t6st the Court sdall fotthwit6 appoint suc6 receiver ~ Nh ~ the usu~l powera and dut~e~ ot ~eceivera in like cases; ~nd s~id •ppoinnoent shall be made by the court as a satter ot strict ri~ht to the Mort~a~ce, and vithoul reference to the adeQvacy or inadeguacy of the ~alue of tbe ptoperty hereby mottp~ed. or to the solvency or insolvency of the Mortp~ors a any olher party de(endant to snch suit. 7Ue M(ortiator Aereby speeitie~tly xaives ~he risht to ob~ec~ ~ to the appoiniment of a receirec as ~faesaid ~nd Aereby espsesslr canseets t6at sueA appo~aUOent shall be aude as an adm~tted equ~ty ~ and as s matter ot absoluu ri~ht to the biortp~ee snd tb~t tbe sase ar be doae ~rithout eotice to the Mort~ator. ~ (f) If foreclosure prceeedinp should be instituted s~sinst the propertr corered by this sottsase upoa any o:her liee or claim rhe:her allc~ed to be supcria or junior to the lien ot this aatqse. lhe HortN~ee m~y at his option iaoedi~tely upon iastitution of such suit ~ a~urins the pendency thereof declare this mo~tp~e and tbe indebtedeess sec~red 6eroby due ~nd payable fatl~~rith and mzy at j ~ optioo proceed to foreclose this mortpse. (~l That the Martpiot rill keep sll real and per~oeal propttq eo~ at heteaftet eacwebered by the lien of this isortaa~e insurcd ss msy be reqaircd from time to time br the Mort~ssee aqinst loss br fite, ~indstam aod other hazards. caawlties and continaencies [or such ~ penods and ior not le~s ~baa such a~ounu u swY be. required Ay t6e Yottµ~te and to pay proaptly when due ~11 prem~ums fa sucA insuraace. Tha ama+nu of iosunece tequited br the Ilott{ateC aD~11 be {Ye minimwa amounts (or ~hicb s~id insutance shsll be vrritten ~ aad it shall be incumbent npon tde Mort~~~or to m~intain sucA additioaal imursace ss mar be aeceasary to meet snd coreply fully +~~th all co-insurance reqnirements contaiaed in said poticiea- to ibe eod tAat the said Mortsa~or is not a cwinsura thereundet.In.surance sb~tl be ~itten by_a caopanr or campanies approved a d~si~n~ted by the Matsa~ee s~d ili policies and reoersls thereof sh~il be Aeld ~ by the M«~p~ee. All detailed desi~eations br the Mortq~or ~hich ue accepted br the MortpEee aad all sueementa betveen Mort~s~or ~ aad M«tsa~ee rel~~in~ to inaurance. amr eaistinj or berestter msde, sball be in ~rritin~ aad sh~ll be ~ put of this mort~a~e s~reement ~ as tully as thou~h set (at6 rerbatim 6ereia aed shall ~ovem botA parties hereto aad Weir snccessors and assi~as. No lien upon any of ; s~id policies of insarance or ~pan sar retund or retum preoius ~hicb say be ayable on the caocell~tion or tcrmiaation ~hereof. sh~ll be {iven to aher than tbe Mortptee. eaeept by ptopet eadorsesent •tfised to sucA policy and approred by Mort~~see. Esch pol~cy ot ~ iasunece shall have ~(fi:ed thereto a Standud Ne~ Vork Mortq~ee Claasa without Conuibution, sakins all losa or losses under ~uch policr psYable to t6e Mbrt=a~ee as ib iaterest msY syosu. In the a~eat anr suw or su~s oT ~woey become par~ble thereunder ~he ~1ort- ~ p~ee shsU hare the option to receive ~nd apply tbe sa~e oo ~ccount of tAe itWebtedness herebr aecured. or to permit tl~e Nprt~~Eot to recti~t ~nd use it, a~ny part thercot, aithoat theteby w~ivin~ a iispairin~ any epyity. litq~ a ri~ht undet and by v~rtue o tbia ~ ~ aartsase. In event of loss or phrsic~l d~eu~e to the mort~a~ed property We Mat~~~or shsll ~ive immedute notice ihereo( by ~r:a~l to ~ the Matp~ee and the Matsa~ee may make proof of loss ~f the same ~s not ewde pranpUy by the Mat~~~ R In even[ ot toreclnwre of . ~ • - 600K 1~U PAGE ~7~4 . . _ _ ~ ~ 'Y _.rX,F~ e. . -ti. : ; , x~as ~ :z_,.-~ ~ .