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Home My WebLink About1645 / • ~ ~ S ~ • ~ ~ • ~ i ~ PROVIDEn, ALWAYS, that if the \1ort~a=or shall pay unto the M~ttja`ee the indebtedness evidenced by a certain ptomissay note o( which the followina in words and fi~ures is a ttue copy tawit: ~ ' ~ : j i:~az,t;~age ~'~a~e ~ ' ~ 3 1, 525. 00 Aliami, Florid~ I~ ove!^b ° r l~ 19_~2~.. ~ t r FUIi ~',~I.Itf ttI:CHIVM:U T ^ prumi,e to pay i € . ido 1 ~0 . I i tu the urder $~RY Aji$,E$T_et11C~_7~A~3.-ALBF~Ft~ :~~..f e~?~ p~~~~~~pa1 o~~?;ie Thou~~nd ~'ive ~ ~.7ci^°^ '1:•J~~ tY r ive £3riC1 UO1.1.~Vi.S, tu~ethcr with ~nlerest ~ lliercun t~om dat~: at tl?r. ratc u( ten pcn:cnt, }~r annum ualil maturity, Luth principal and intcrest being payable in lawful money o[ y' ~th:~ UnitcJ ~tatrs at '.'.'•3•t4 tiiaeaync 131vd., ~tiami, Florid~, or at sucl~ othcc place as the'holdars hcn;of may designate in writing. ' 1'rincipal and intcrc+t payablc in insuil6ncnts as follows: , ~ "~ifty (a50.00) Dollars per mont~, be~innin~ on the l~th day o~ ; ' ~ Janu~ry, 1970, anc~ continuing on t~e 15th day of c~ach a1d every ' ;~onth t~ereafter uatil paid in full. ; . , 1 Tl~is nutc may be prcpaid in whole or in put a[ter one yeu [rom the date hereot upon payment of a pcnalty equi~. alent to 1wo I ' ~ petcent of the principal swn prepaid. EaJ~ in~tall~nenl payment sl~all be ccedited fi~st on the interest due, and the remunder on principaf; and intereat shall there- ~ u~wn cc:uc upon thc pnncipa) so crediled. The maken and endoncrs of thi~ note further ab ec to waive demand, nutice o[ non-payment and protest, and in the event suit shrll l?e bruu~;ht for tLc collecliun l~crco[, ur thc same ha~ tu I,e cullectcd upon dCmand o[ an attorney, to pay reasunablc attorney's } fre~ for making ~uch cullection. Ucfcrrcd p•ryrncn4. 6ereunder sl~all t?ear intere~t at thc ratc uf tcn pc~cr.nt per annum Gum maturity until paid. This nole is secured by ~a murtga;e o[ even date herewith and is to be conslrued and en(orced acecxdir~ to the laws of , ~ State o[ Florida; upon default i~ the payment of principal anc~or interest whe~ due, the whole sum of prmcipal and intere E; remaining unpaid shall, at the option of the hol~r~, become immediateiy uf and 'yaW . lr~ ~ ; r°' . N ~ . ~ j ~ s~n~, ~ ~ / (SEAL) Prepued by Spicler & Tendrieh. Attorneys -~40 Biscayne Blvd., Miami, Florida ~ and shall perform, comply with and abide by each and every the stipulations. agreements, conditions and cove- nants of said promissory note and of this deed, then this deed and the estate thereby create~+ shall cease and be ~ null and vo~d. ~ 1. The Mortsa~or hereby covenants and agrees: f _~_~tlT-'!'o ptT att_snd'sitl~otartht-prmeipat-and iMeresf tnd-eeMer swws-ot- ~on~y yayab{s-by wirtut-oissid-pcom:ssecy note aw!-this deed, or titAer, promptly on the days respectively the same severslly becomes due. ~ (b) To permit, comm~t or sutte~ no rraste and to maintain the improremeats at all times in a st~te of sood repair aad condition, and to do or permit to be done to said premises aothin~ t~st ~ifl alter or chsnst the use tad cA~ractet of said property or ia any vay impair o~ reaken the secunty ot tbis mat~a~e. And ~a cfse of the te(usal, oe~leet or inability o! the ?loct~a~w to repair aed maintain s~id proper- ty, the Mortp~te may, at his option, make such tepairs or cauae tbe saax to be made, and advance mone~s io that beh~lf. (c) To psy ali aad siqsulu the taxes, assessments, ~evies, liabilities. and obliqtioos oS every aature oe s~id described property each and crery vhen due and payable aecordies to law, bctote they beeoase delinquent, tad to dcliver to the MortLa~ee oe ot be(ore Atsrch ~ 1Sth ot eac6 yeat taa receipts evidencin~ tAe paymcnt ot all lar(ully~~mposed q~es tor the~precedios calendat year; to indemnify the MortN~ee rpoo his demand for all ta:es, assessments and chsr~ea that maY be asseased upon this mort~a~e on the indebtednesa s~- cured hereby, and Mid by the mort~a~ee, writhout reEsrd to any I~w heretofae en~cted or Aereattet to be enacted imposin~ payment of ~ the rhole or any ~art thereot upon the Mortsa~ee. (dl To pay all and sin~ular the costs, cdar~es and e:peases, includmj Iswiyere' fees and abstract costs reaaonably incutred ~ paid at any time by thc MortN~te because ot the (~ilure on the part of the Mat~a~or to perforo. coaply aith aod abide by eac6 and erery the stipulatioos. a~reeiseets, coad~tions and coveaaets ot said pcomissory note and t6ik deed. a eitAer, ~ed evety suth'payment sh~ll beu interest Gom date at t6e rate of ten (IOS) per centum per annwe. (e) It is further coveoaetcd and aQeed br said parties t6at ia tAe event of a suit bein~ instituted to foreclose this mart~ase, thc Mori- Nsee ss~ll be entitled to apply at any time peadin~ sucb toreclosure suit to the coutt 6a~inj jutisdictim theteof for tbe appo~ntment ot ~ receiver o( all and ain~ulsr the mat~a~ed property. and ot sll reats, incomes, profts, ia~ues and revenues thereof, trom rhatsoerer sauce derired: aod t6ereupoe it is hereby eipressly coven~nted aad •~reed [hat tt~e Court s6a11 forthrith appoint such receiver vr~th 1he usual pwers sed duties ot receivers in Iike e~ses; aad s~id appointment sti~ll be made by ibe court as a matter o( strict ritht to the Mortpsee. wd rithout reference to We adeqwcy or inadequacy ot tAe r~lue of the property hetebr mott~~sed. or to the solvency ~ ot insolveaty ot the MortiaLor~ a any other party defendant to such suit. T6e Mortp~or hereby specifically waivea tbe n~ht to ob~ect ` to the ~ppoietment of ~ receiver as afae~aid ~od hereby e=preialy canseata tbat such ~ppointment shall bt wde ~s an ~da~itted equity ard ss a s~tter o( ~bsolute ri~!?t w tbe Mort~ssee aod U?~t tbe same auX be doee without notite to the Alortq~or. ~i ~ (f) It foreclosure ptocetdin~a s6ould be inatituted ~~aiast the property covered by this mon{a~e uPoa aoy ot6er lien or cl~im rhether _ ~lle~cd to be superiot or juaiot to the liea of tAis sottqse. We Mott~a~ee ieay at his optioo immedi~tely upon ~nstitutian ot sucA su~t or d~rie~ tde~yeod~ae7 tYersof Aeclue U~'vort~~{e and tbe indefitedness secured hereby due ~nd p~yable taihwith ~nd may at i[s optioo proeeed W foreclose tsia aorts~~e. That 16e Yottss~at will kecp all real u~d persmal ptoperty oor ot derea(ter eecum0ered by the lien ot thia morlsa~e ~nsured as msy ` ~ be reauired frow tiwe to time by the Mor~~ajee ~~~inst Iws br fi~e, v~ndstons and other hazards, e~awlties and contin~encies for such ~ ~ penods and for not leas tAan sucA,aesounts ss s~r pe required by the Mottsa~ec ~~a co wr a~P~~r ~hen due ~11 prem~uas for sucA ~ ieurtu~te. '[1~e ~iouata ot iwur~nce required by the ~Aort~~see shall bt tAe aieidwn a~ounts fot vAich said ioa~nnce shall'ee rrittce and it sh~ll be iacuseent ~poa the IiAortpsar to aainuio ancb ~dditioo~l iwurancc m,r ee e«es..ry eo .~~e .oa ~o~.v~r ~~~~r •~w •11 co-insuru?ee req~iresenes tont~iaed ia s~id policies to the eod that the ssid Mortptor is not ~ co-insuror there~der.lnsurance ~ sball be ~rittsn bp ~ ca~paar at eaooasies soptored o~ desi~e~ted br the Matiasee and ~Il policiss and reoe~als thered shail be beld s; by We Matpjee. All deuilcd desi~uatioas br the Mortptor ~rhich ue ~cceptod pr the Mortjaiee u~d ~11 a~teesents betreee Mortp~or sad Mortstaet rel~tin~ to inaorance. no~i esistins or bere~f[er made. sh~ll be in .rritins and sA~ll be a p~rt of this mortp~e apeement l, w ~as. No lien upou any of `c u fu11f as thoush set tath rerbatim Aerein aad sh~ll ~overn bo~h rties hcreto and their saccessors ud assi ~ -~.~s. •~id polieie• d insur~ece or uPao a~r refund or return pre~ire ~hieA ssr 1?e p~Y~ble on the csattllalioa ot terain~lion thtrtof. shall be ~iren to ot6er Was tbe Yatpiee. e:ccpt br proper eadorse~cet affiaed to suca policr aad ~pprored by Mort~a~ea Each policy of ~ inaar~ee~ ~h~11 4ave affi:ed theteto ~ Staod~rd New Yart Mo~tp{tt Clause ~~thoot Cootributioa, oakina all loss or losses under such ~ ~ polier oar~ble to the Mo~t~a~ee as its interest ~ar ~pp~r. !a tLs s~ebt ~up sus ot sut~s o! mooer becaae Palrablt theteunder the Nort- ~a{et ~ball hare the option to receire ard •pply ~be ~~~e oa ~ccoYnt o( tbe indestedness herebr seuued. or to peruit the ~/ortpEor ~ to receire and we i1, a anY part thereo(. rithoat tAereby ~ai~~ns or impairin~ ~ny equity. lien. ar ri~ht under and by vutue of th~s oort~a{e. In evcat ot Iws or physical d~sast to the sort~~~ed property tse MatpRor shall ~i~e imiaediate notiee thereof br mail to tAe Matp~ee snd tAe Mat~a~ce mkp.proot of toss it the ssme ~s not made pr~nptl~'Zf tht dlortiaaa. In event ot fortcl~sure of ~ ~ . ~ : ~~aK~$1 ~~~E~645 ~ _ - - - ~A ~ = ~ _ . ~.s~~~~~: _ .