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Home My WebLink About1969 PROVIDNf1. AI.WAYS, that if the \lurtgagot shall pay unto the \lortgagr~ the indrbtedn~s~ ~videnctd hy a certa~n prumi~son• nute ~~f v?hich the folluw~ing i~ worJs and figures is a true copy to-wit~ ~ ~d~,t;~a~e 7~oti 3 2~~}75.00 ~liaini, H'lurida fiovember 15th ~y 6~J Fl)tt V,~LI'F. KF:CEIVP:U ~Ye.___=_iuititly-_~1~.~ S.~vel'1~,~.y - -promi.~e lupay ~ , t~?tl~~•urd~•r~~f _~:ORRTS_ i3ERGSTEIN and 11IRIA~1 BERisSTEIN, his ~vife ~pL104__. lhr ~~rinri~~ai .u~n u~ _~VO T1lOl1Sal1C1 four hundred sev_enty. five and~(wLt.ARS~ lu~elhcr with inltrest j thrrr.?n frurti~ datr at tl~r ~atr uf ten pcccait, per anoum until maturity, lwth principal and intcn:st !?eing payable in (awful money uf ~ i tlir t'uitrJ ~~rt~•. at '~'I.-1-~ liiacayn~ I31vd., Atiami, Florida, or at such uther place as the ~holdeis hereof may designate in writing. i i Prio.•ipal and iut~•r~••t paysblr in i~u:tallments au fullows: . _ j Sixty($G0.00) Dollars pei• month, be~ii~ning on the 15th day of January ~ 19?0, and continuing on~the 15th day of each and every month tr.ereafter ~ until paid in full. • . t ~ Thi~ nutr m~~ lx prepaid in whulc or in part afte~ une year frum the date hereof upun paymenl uf a penalty equivalcnt tu twu E~rnrut u( thr ~?~incipal swn prrpaid. - z Fach i~~:lallmrnl paymcnt si~ill be credited fi~t on the interest dur, and tl~e remainder on principal; and intere.t .hall there- ~ x upun cca.v upun tl~r principal ao crcditcd. ! 7'I~r makrr.: aud ~~idur~•n ul' thi.. « ute furthe~ agrec to waivr dema~~d, nuticr. u[ non-paymenl and prul~,.t, and in thr event ~uit 3 i ~hall br bruoKht fu~ t6~• collcctiun hen•of, or the same has tu t~e cullretr.d upun dcmand uf an atturney, to pay reax,n~ble attorncy'~+ ~ ( 1~•r. fur awkiu}; •urh i•ulli~ctiun. I)rfrrr~•d ~~rym~•nt: licrcundrr sF~all br.ar interesl at the ntc uf ten Ewn•~•ut p~•r annum [rum ma rily unli) paid. , 7'hi. nut~• u se~•ured by a murtgage of even date hcrewilh and is to Le construed anJ enfurce ucwJin~ to the (aw, of the ~tate uf Flurila; u}?on Jefault in the payment of principal aad/or intrr~t when due, 1fie whole eum uf principal and interest s~ rrmaining urif,,~id shall, at the option of lhe holders, become immFdiately due ~nd payable. 1 ~ ~ ~ /s/ ~~,r_~I~y Lee SViliiar~~_ (SEAL) ~ f t i /s/ s~earl jYill iams ~SEAL) ; Prepued by Spieler 1~L Tendrich, Attomeys - 2Y40 Biscayne ~vd., Miami, Florida ~ ar~J ~hall pertorm, comply w~th and abide by each and evety the stipulations, agreements. conditions and cove- ~ nants o( said prexnissoty note and of this deed, then this deed and the estate thereby created shall cease and be null and void. l. The Alortgagor hereby covenants and agrees: ( (a) To pay all and smaular the prmc~pal and intcrest and othct syma o( money payable by v;rtue o( said p~om~~sory note and th~s ~ deed, w either, promptly on the days respecti~ely the samt severally becomes due. (b) To permit, cafrpu ur sutfer no waste and to ma~nuin the imptovemenls at sll times in a state of good repa~r and cund~uon, and to ~ do rx permit to he done ~u sa~d prem~ses nothin~ that v~~ll alter ot chan6e tAe use and chuaeter of said p[operty or in any way impair or reaken the secunty ot th~s mon6a`e. And in case of the re(LLSaI, neslect or inability ot tAe ?lort~asor to repair a~ maintain said proper. ` ty, the Mort`agre may, at his opt~on, make such repairs ot cauce the same to ~e made, and advance moneys in that behalf. i ~ (c) To psy all and s~n~ulu the taaes, assessments, lev~es, I~ab~lities, and obliptions uf every nature cx~ said described property each ; and every when due and payable accord~nt to larr, befate thcy become delinquent, and to defiver to the MortEa6ee on a Ae(ore March ~ ISth of e~ch year taa receiptc ev~dencin6 the paymem of all Isw•(ully ~mposed t~:es toc the preeedia~ ealendar year; to indemni(y the ASort~asee uron hic demsnd for all uxes, acsec~memc and char~es that may be assessed upon tA~s mortsage on the indebtednes~ ~ cured hereby, and paid by the mor~6a(tee, ~rithout re6ard to any lar heretofae snacted or hereafter to be enacted imposins payment ot y the w•hole w any ~art thereot upon the Morl~asee. ~ (d) Tu pay all and s~n~ulu the co~ts, char`es and eapenses, includ~n~ laryers' fees and abslract costs reasonably mcurreJ or pa~d a~ any ~ime by thc At~xtgaEce becau,e of the failure on ihe part o( the MortEasor to perfotm, comply w~th and ab~dt by each and every the stipulaUo~s, a6reemen~s, cond~tions and .:ovenants of said ptomissory note and th~s deed, ot edher, and every such~ps>men~ sh~ll hcar ~mere~t frwa date at the nte of [en UO'~) per centum per annum. (e) It ~c fur?her covenanted ~nd apeed by said parhes that in the event of a suit bems mstiwted to fureclose this mMtaase, the M~x!- ~ ~a`ee shall be en~itled to apply at any time pendina eucA (oreclosure suit to the court havia~ jurisdietion thereof fa the appo~r.~ment o( a receiver of alt and c~naular the morlsa6ed property, and ot al{ rents, ~ncomes. prof~ts, i~sues and rerenuec thereof, from what~ocvcr ~ source derived; and thereupon it is hereby eapressly coveaanted and •~reed thal tht Court shall forthwith ~ppoint such rece~ver ~r~th ~1 tAe usual powerc and duhes of rece~vers ~n Gke casea; and sa~d appo~ntment shall be made by the court as a matter of ctrict n`ht ~o the Mort~a~ee, and without re(erence to the adequacy or inadequacy ot thc v~lue of the property hereby mat~a~ed, or to ihe ~olvcncy or ~nsolvency ot the Mortp~as or any other party detcndant to such suit. The Motts~~ot hereby spet~(~c~lly waives the neht to ob~cct ~ to the appomiment of a receiver as atoresaid and hereby eapressly crosents that such appomtment shall be made as an admitmd cqu~ty and a+ a mauer o( abcolute ?isht to the Mo:t~a~ee and thst the same may be done rithout notice to the Mort~a~or. s (f) Jf (oreclosure proceedin~s should be instituted a ainst the ~ propetty corered by this mort~a6e upon any otAer I~en or cla~m rActher alle~ed to be superior or junior to the fien of this moFtp~e, the Ulort6aite m~y at his uption immedi~tely upor: ~nstiwt~on u( .uch .u~t or durin~ the pendency thereof declare this mortsa~e and the indebtedness secured hereby due and payable forthw~tA and e:ay a+ option proceed to fo?ecloae tA~s mort~ase. (~l That the 11or~p~ot will keep all real and personal property no~r or heaafter encumbered by the I~en of this roortEa~e msurcd ac mey be required from ume to time by tht I?1ort6asee a`unst loss Dy (ire, s•indstorm and othtr hazards, ca~wUiey and conUnEenc~es fnr su~h _ per~ods and tor no1 fess than such amounts as may be requ~red by the Mott~~~ee •nd to pay pranptly when due all prem~um~ (or such ~nsurance. The emounts ot insur~nce required by tMe Mortsasee shall be the m~n~mu~o ~mounts for w~h~ch said msucance ~hall bc +r~t~en y= and it shall be mcumbent upon the Mort~asor to maintain such additiond ~n~ur~nce as may be nececsary to meet and comply (ully with •11 co-inaurance requuementa conbmed in ~aid polic~es to the end that the said Morttasor ix not a cw~nsuror thereunder.lnyuronce shall be w~rtNen by ~ eomp~ny or companies apacoved a des~snaled by th~ MasRssee and al! policies aad reneyals thereof ,hall be helJ by the Mat~a`ee. All detailed desi~nat~ons by Iht Mext~a~or rhich are accepted by tht Mott~a~ee and all asreements between Mort`a~or ~ and Mort~a~ee rel~t~~a to insur~nce, nmr uistin~ or herufter made, shall be in ~rritins and shall be a part o( th~s mat~a6e a~recmen~ ~M1 as futly as thouah se~ torth rerbatim 6erein and shall ~overn both part~es heteto and their successors and ass~~ns. No I~en upun any uf said pohcies ot insuiance or upon anr refund or return prem~um w~hich may be psY~ble on the cancellatioe or armmaUon thereof, .hall Ae {iren ~o aher ~han the Mor~~~~ee, except by proper endorsement •((ixed to such poGcy and approved by Mort`asee. Fach poL~y of - ~nsuranet shall have aftiaed thereto a Standatd Ner Yott Mort~~see Cl~use r~thout Contnbution, makins ~ll loss or losse~ under .uch ~ policy pay~ble ~o the Mortp~te as ~ts ~nterest may appear. In the e~ent any sum a sums of monq becoue payable thereunder the ~tort- ~ sa~ee yhall hare ihe opt~on to receive and spply the same on aecount of the indebtedness hereby ~ecured, or to perm~t the ~IortgaRor to rece~ve and use ~t, or any part thereo(, ~rithout lAeteby waivm~ ~+t impair~n~ any equity, litn, w nsht under and by Y~fIYC nf th~. ~ mwt~aje, In erent of loss or pAysical dama6e to the mort~aEed property the A1or1Ra`a shaU {ive ~mmed~~~e nouce thercof by rr•~I ~he \furlEa~tee .,nJ thc ti1ot~RaEre may makc pronf n( I~.. if the s~mc i~ no~ made prvmptly by the ~lurtg~~~x. In r~rnt I~HC~ i~•.ur~ nf ~ . aooK 181 ~1970 - ~ ~ ~ -u~ ~ ~~-a . . - . . . .