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Home My WebLink About2883 ~ , ~ ~ ~ • '~s~~E . . p~sente~ ~ PROVIDEn, ALWAYS, that i[ the \b~t~ajor shall pay u~to the No~tss~ee the indebtedness evidenc~d by a certain promiasay nute ot which the foltowin~ in words and fi~ures is a ttue copy twM~it: . - ~ s ~~~~~c '~ovember lst. ~ :2 ~ 3~~~ ~ - Mi_nii, Flor~d~._~ - - - i9_"_ ~ _ FUR VALUE i{ECEIVEU_ 1~C ~ JQlIIfii~y._. S! '~ral ~,r---- - - - - -P~om4•e to pay i to the ocder o( SAbtLiEL_ B~i~~::~ KATHEFcT':... .-~.~,~R-T-hi 16i.~tB - ~undreG. F3~ II~~i2. =QCi~- •~.I.ARS, tc?gether with intemst ~ the principal eum o~iQ_ T}~211Si~d._T..~..~li °g thenwn from date at the ate o~ 1en pcrce~t, per a~num until matuntp, both prinwpal and i~t• r.~.t u-~r.g ~qabk lawful money oi ~ ` the United Statea at 2Z4~1 Biscayne Bivd., Miarai~ Fbrida. o~ at such other place ~s the halde» hereo~ ma~ deagoate i~ writina. Principal and i~te~rat {?ayabk in installme~ts as EdloMrs: . Fifty-F~ ve (55~~•00) Dollars per ~o~::h, be .•:na_. = - ~ - ta~ of Dece~nber, 1969~ and continuiag oa the ~ 15ti~ db?y o~ e::.,.. w: . .~~r~ ; month thereatter until paid in full. _ I ~~~,r ear from the dste hereo( u vm~nt ul , alty cqwva~. .~t ~u ~wu , l~. n~ay be prepsid in whole ot m put ahK ~ P°~ W percent ut tl~r principa! sum ~paid. F:ach install~~~~•r~t F?ayment sl~all be c~+edited Cust on the interest due. +nd thr ttimau~der un pnr ~..a'~.~ r~~• upun r~a~.• up~~.~ th~ princ~~~al so credited. The aial.~•n and rndune~s of this nute [uHher agree tt, waive demand. rtutice o[ non-paym~ ~t and prut. .c .~~d in u.~ ~hall be bn.u~ld (or .I~e cotlectio~ hereul, or the same has to be collected u~wn demand o[ an att~xnr~ , t~ F+~- n.~,nat.~. . •..~rv~~ (re. [or n.rling wch cdlectiun. U~ :rrred payments hereunder shall bear interest at the ate of ten pen:rnt per annum (waz maturily untd ~~a~~~ Z his note is sccured by a mort~ge a( cven date htrewith and ia to br constru~d and en(atxd acr~KdiuK tu th• .~f the '+tate of Florida; upon detwlt in thepa yment o[ principal and~or interest when dur the whok eum ~~I pnnr~p~! an~l ~ntcreat rrmai~ing u~aid shdl, a1 the option oi the lalders, become uame ' y duelan~paraWe%~ - .~~`_,7~.2' t t ~"t ~ i ~EAL) ' . • ` ~~C!' ~/l ~ ~ ~.~I~:AL) P,.epared by spiekr !f~ ~rendridy Att«nep. - 224o eiwyae m.e.. Mianu. f ' and shall perform, comply w~th and abide by each and every the stipulations. agreements, conditions and cove- nants of said promissory note and af this deed. then this deed and the estate thereby created shall cease and be null and void. 1. The Mortgagor hereby covenants and agrees: . . (a) To pay all and sinsular the pincipal and iaterest and other suras of monty paYable by virtue of said praoissory no~e and this deed, or eit6er, promptly on the days tesStctirely the same sererally becomes due. 'I lb) To pe~mit, comsit oc sutter no rraste a~d to ma~n~ain the improremenu at ~II times in a state ot ~ood tepair aad conditioo, snd to do or permit to be donc to said prem~ses nothin~ th~t rill alter or chanLe the use and chsracter o( said property ot in any ~ray impair a ~ weaken the secwity ot this mort~aEe. And in case of the refusal, nesleet or iaabilitr of tbe Iilortsa~or W tepair and m~intain said proper- ! tp, the ?{ort~aeee msy; at his option, mste suc6 repairs~or cause the saae to be m~ds. aad advaace mooeYs in t6at beb~lf. ~ (c) To paY all snd .intulu ehe taxes, asseslments, leries, liabilitiea. and obliqtioas of every natere on said deserl~ed property each ~ and eve~y rAen dye and payable accordin~ to lar, betae tAey becaoe delinquent. aed to deliret to t6e Morlaa{ee on or be(ore Marcb lSth of each year ua receipts evidencin6 t6e paYment ot all lav(ully imposed taaes fot.the precedins calendu yea; to indemnify the ~ I?tort~a~ee upon Ais demand for all taaes, assescments and charses that may be assessed upon thia mortsase on the indebtedness s•- cured hereby, and paid by the mort6a~ee, .rithout ~esard to any law deretotae enacted or heresfter to be eaacted imposios 9ayment o: ~ tlie +~hole or any ~art thereo( upon the 1?1ort~a6ee. , (dl To pay all and sinsular the costs, cAar~es and eapenses, includins lawyets' tees and abstr~ct costs reasonably incu~red ~r paid at any time by the NortaaEee because ot the [a~lure on the p~rt of the Mortsasot to perfdm, comply ritA and abide by tach snd eve~y ~he • stipulat~afs. a~rcements, conditio~s and covenants ot said promiasoty note and tliis deed. a either. and every sucA~payment shall hear interest from date at the rate ot ten (IOS) per centum per aenwe. (e) It is fur~her corenanted and atreed by said parUes t6at in the erent of a suit beins instituted to (orecloss thia ~or~taee, the ~I~rt- Ea~ee shall be entitled to sppty at sny time pendins suc6 taeclosure suit to the eoutt Aavins jvisdictim thereot to~ the appointment ot a receiver of ~ll and sin~ular the ~tp~ed property. and of sll rents, incomes. profits. issuea sad rereaues therco(. from whatsoever source detived; aod thereupon it is hereby expressly coveaaated aod a~ceed that the Coutt sh~ll forth~ith appoint such receiver ~~th ! the usual porer~ and duties'o! receivers in likt c~ses: snd, raid appointaent sdall be made by the court ~s a matter of strict ri~t to ' the Mat~a~ee, snd vithout retereace to tdc adequacY or inadequacy ot the •~lue of t6e property hereby m«tpsed, oc to t6e sol•ency or insolvency ot the Mort~a~ots or any other party detendant to such suit. 'fhe Mort~~~or hereby specific~lly waives tAe ritht to ob~ect to the appoieunent of a receirer as atoressid a~ hereby exptessly constnta Ib~t such sppointment shal! be made as an adm~tted equ~ty and aa a autter ot absolute ri~ht to the Mortpsee aad th~t the ssse may be done vithwt notice to the ?lat~a~or. (t) If (oreclosure proceedin~s should be instituted ~~ainst the property corered by this mort~a~e upon ~ny other lien or cl~in~ rrhether 8 O ~ alle~cd to be superior or juaioc to t6e lien ot this mortpse. ~he Mortsa~ee nwy at his optioa imedistely upon lOflllYl100 O~ SYCA suit ~ or durin~ the pendencr theteof declare thia mortpte snd the indebtedness setuted hereby due snd p~y~blc forth~rith and may at itc a option proceed to fineclose lhis mat~a~e. ~.,i dj Th~t the Mortp~or vill keep sll resl and persooal propertr nos a 6ereatte~ encuobered by t6e lien of this mort~a~e insured as may .A be reguired froa time to tiiee by the MorttaLee sp?ns~ Iwa by fite, ~riadstotm and other hasards, caswlties and conUn~cncies for such r~ p. periods and ta not less tMaa such aawunta as may be requited by the Mott~aLee aad to pay promptly whee due all ptemiwns tor such ~ iasurance. Tbe areounts of iosuraace reQuired by tbe Mortsa~ee s6~11 be the mieinwo aoounts for rhich said ~nsu[tace sAsll be wrrtten p N and it shall be incumbent upon the Mortt~~or to maintaia sucb sddition~l inaYr~ece as m~y be necessarY to mtet and cornply fullr rith ~Q O all co-iasurance ~equicements contsiaed in said policies to the ead lhat tAe said More~e~or is not a co-insuror there~dcr.lnsurance ~•`~rr shall be w~ritten by a cospany or coopaaies aPproved or desi~na~ed by the ?lortisjce and sll polieies and reaersls thereo( shall be 6cld S•.~i -ri by the Mortq~ee. All detailed desi~nations by the Matp~or which ue ~ccepted by the Mortptee and all s~reements bet.reen Martp~or ~ 9 ~nd'Alortq~ee reluin~ to insur~nce. no~ e:istin~ or hereatter msde. sb~U be ia vritins and sA~ll be s pa~t of this mat~a{e s~reement ~ O m h as fullr ss thou~h set tort6 verb~tim hetein aod shall ~overn both p~rties herew aed their successors sad sssijes. No lien upon an~ of V~~~ s~id policies ot insurance o~ npaa aap retund or retum ptesium whicA ssy be payable ¢n tAe e~lleellstion or termination thereof, shall ~ y pe {iven to otAer than tbe Mort{atee. except by proper cndorsemeat affiaed to sucb policy and ap/tovs6 by Morttatee. EacA policy of EO insurance shall have affised U?cre~o s Standud Ne+~ Yatt Idortp{ee Cl~we ~itl+ant Contribution. aukins all loss or losscs under ~uch b[ policy p~Yable to ~Ae Mottpsee as its iateres~ oaY a~ear. In the eveet any sum or swes o[ mooey becaue paYable thereunder the Nore- •a+ C1 ,A ~ A N~ee shall hare the option to receire and •pply the s~aie oa ~ccount of tbe indebtedness hereby secured. ot to permit tAe Mort~aEor ~ to receive and use it, or ~oy part thereot, ~ithout tAerebr waivins or impairit~ ~ny equity. liea. ot ri~ht under ~nd by ~~rtue of this •.f V F. p eat~ase. ln erent ot loss or phrsic.l dusa~e to the mort~a`ed property tAe Mortts~or sh~tl ~ive immedi~te not~ce.thereo( by mail tn ?a a.'C1 the Ma~p~ee and the Mor~p~ee may make proof ot los~ if ~he same ic not made promptly by the Mort~ d 1 event of tor ~ s e o( ~ ~ 1~0 • ~ 600K PAGE O ?i!~ ~f _ - _ . _ y.._ W.~' ' '`S , 3-~'r iz~: ° . ~ ' ~ , ..,f _ _ . ~ a,-~-~ .