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Home My WebLink About2362 PROYIDEn, ALWAYS, that if lh4 \lorteagoc shail pay unto the \iortgagte the inJebtedness evidenced by a _ certa~n aran~ssorv nott of which the foltowint in words a~d_fi~uccs is a true copy taN~t: ~dyti~L s 5,225•OO _ I1liami.Florida Jecember 4th 19 6~_ . ; tUN VALU[: IZEC(:IV~ U_ I__ prom~ ~ piy 4 to thc wde~ ot JOSEPHINE R. ROTH$~RT * TRUS',~'I;~ y the principal dum oi Five Thousand Two Hundred Twenty FI,YA and ~ togcthc~ with inlercat thereon [com date at the rate oi ten percent, pe~ annum until maturity, both principa! and interert being payable in law[ul money of the United 5tatea at 2244 Biecayne Blvd., Miami, Florids~ ot at such othu plsce as 1he ~olde~s hereof may deaignate in writing. Principal and i~tereat payabk in iasWlme~ts ae lollows: Sixty-Five (865.00) Dollars per month, for sixty (00) .:o~:secu~ive nonths, on the l~th 3ay of each and every month, bagizL:~ o~ the i5th day of February, 1970, and continuing until the 15th ddy oi ~'ebruary, 19?5, at which time the balance shall become due and payable. This note may be prepaid in whole or in part attec one ywr irom the date hereo( upo~ payment of a pendty equivalent to iwo percent of the princi~?al sum prepaid. Each in~taliment payment sha{I be credited Cust on the interest due, and thc remainde~ ori principal: and interest ehall thue- ~ upon cease upon the pancipa) so credited. The maker~ and endorsers of lhis note further sgree to waive demand, notice o[ non-payment and prolest, and in the evenl auit ~hall be brought [or the collection hereo[, or the same has to be collceted upon demand o[ an attocney, to pay reasonable attorney a~ fces [or making such collection. De[erred payments hereunder ehall beu interest at the rate of ten percent per annum [rom maturity until paid. This notc is 6ecured by a mott~+ge o[ cven date huewith and is to be construed and enforoed according to the laws oi the ' ~tatc of Fbrida; upon defwlt in thepa yment of principsl and~or interest wt~en due, the whde atm oi pnncipa! and intenst remaining unpaid shdl, at ihe option of t6e holdecs, beoome imrae ' y due and payabte. ' _~r/I« ~ ~ . ~ (SEAL) (SF.~1L) Prepued by Spiekr & Tendrid~. Atcorneys - 2?AO Bi.cayne Bt.d., Mian,i. Ftorida ar~J ~hall perform, compiy with and abide by each and every the stipulations, agreements, conditions and cove- nants of sa~d promissory nate a~d of this deed. then this deed and the es~ate thereby created shall cease and be null aod void. 1. The hiottgagor hereby co~•enants and agtees: c (al To pay all and sir.6ular the princ~pal and ~nterest and other sums of money D~Y~ble by vuWe of said promissary note and th~s j deed, or e~~Au, prompUy on the days respec~ively ihe same sevenlly becomes due. (b) To perm~t, commn a sutfe: no waste a~d to ma~nqin tAe ~mpro~ements at all umes in a state of ~ood cepau and cun~~tion, and to do or permit to be dcuie to ssid prcmises nothins that w~lt alter or ch~n~e the use and chac~cter of sa~d property or in any way impa~r or W raken the security oi this mortp~e. .4nd in case of thc re[usal, nejlect ot inabitity ot tAe Mortsator to repair and mainta~n said proper- tY. ~h~ Matpeec may, ~t his optian, make such repairs or caust the same to be made, and advance moneys in that behalf. (c) To pay all and vio~ular the t~xes, assessments, levies, lub~lities, and obli~atioas of e~ery nature on said described property each and every vrhon due and payable accadins to tar, ~e(ore they ~ecane delinQuent, snd to deliver ta the Mort~a6ee on or before March l5th ot esch ytar taa receipta e~idencing the payment ot all lawtully imposed ta:es for the precedin~ c~lendat year; to ~ndemnity the Atat~~=ee upon his demand foc Sll taaea, asses~mems and charses that may be assessed upon this mortaa`e on the indebtedaess c~- cured hereby, and p~id ~y the mortsa~ct, .~thoat re~ard to any law Aeretofoirt en~eted or hereafter to be enacted imposin~ ?ayment ot the whole or any ~art thereot upon the \tortR~6«• (d) To pay all and s~nsular the costs, chat6es and e:pences, includ~n~ I~wytrs' fees and ab~trset costs reasonably mcurred or pa~d at any time by the ~fort6aEee because uf the fa~lure on the part of the MortEa~or to perform, comply w•ith and abiQe by each and e~ery the . sNpulauons, asreemeets, cortd~tions and cnvenants of said promissory note and this deed, or either, and every such~payment shali bear mterest f~.xn date at the tatt of ten (IO°.) per cemum pet annum, ~ , (e) It is furthe~ covcnanted and a~ceed by said pa~uss tAat in the erent o[ a suit bains instituted to (oreclose this mert~ase, the Mwt- ~aRee sh~lt be entitled to apply at any time pendin~ such foreclosure eui! to the coart h~vina jurisdiction thereof (or the appomtmen[ ~:.:.cc. a` ar.Q ~e!_e ~~e .±^~~e~~ a~•~M•~y, n~ •U ren~s. incnme~_ orofits_ issues and revenue~ tAeteoi, [rom whatsoever source derived; snd thertupon it is hereby eaptesaly covenanted and •~reed that the Court sh~ll forthrith appoint such receiver ~r~th the usual powers and dut~es of receivers in tike ca~es; and s~id •ppointment shall be made Ey the court as a matter ot strict ri~ht ~o :F ~he Morl~a~ee, a~d withaut retcrence to the adequacy or in~deQu~ey o( the value o( t6e property herebr mott~ssed, a to the solvency or insolvencY of the ~1«ts~~ors a any other party defendaat to such suit, Tlie Mats~~or heteby specitic~lly waives tAr right to ob~ec~ to the appo~ntment ot a recerver aa aforesaid and hereAy e:presily consents th~t such appointment sh~ll be made ~s an admitted eqwty snd ss a matter of absolute ri~ht to the Mortp~ee and that the same may be da+e vithout notice to t6e Matp~or, t (t) Jf forecloswe proceedin~s sAould be inati~uted a~ainst the property corered Dy this mort~s~e upon any other lien or cl~~m ,.~hether alleied to De supenor or junior to the lien of this mott~~~e, the bfwt~a~ee may at his option immedi~tely upon ~n~titut~af ot such su~t w durins ~hr pes~dency thereof decl~re this mor~s~=e and the indebtedness secured Aereby duc ~nd p~yable forthw~th and may st i~~ option ptoceed to (orecloae tAis morl~a{e. (~l Th~t the Mor~~a~or .?i11 keep all real and personat ptopetty no~ or hereafte~ encumbered by the lien of th~s mort~a~e insured as may be rtQuired fran tiiae to time by the Mort~atee asainst loss by fue, r~ndstorm snd other hazards, caswlues and conun=enc~es for such pcr~ods and ior not less th~e such aaaunt~ •s may be requucd by the Mort~~{ee •nd to pay promptly ~nc~n due all prem~ums (a such insur~nce. The ~meunts ot insur~nce required by the Mwt~~~ee shal! be tAt m~n~mum amounts for w~huh s~~d msu~ance shall be wnttcn and it ahaU be ~ncombtot upon e~e Mo,~a,sor to msintain such addition~l insw~nce as m~y be necessary to meet a~ comply (ully ~~th all co-insurance ttQuirements contamed in s~id policies to tAe ead th~t the aaid Mort~~~or is not ~ co-iasuror thereunder.Insurance sh~ll be rntten by ~ tomp~ny or coaop~n~e+ sppcoved a dea~~n~ted by tAt Mort~a`ee ~nd all policies :nd renerals thereo[ sh~ll be Ae1J by the Mortsaiee. Al! delailed desi~nat~ons by the Mort~~~ot which ~te ~ccepted by the Mort~a~ee and all a~reements between Mort~a~or and Ulort~~~ee rtl~tm~ 1o in~urance, now esistin~ ot herc~fter made. sh~11 be in wntin~ •nd sh~ll be a p~rt of this matpse a~reemenc •s (ully as thouih ut tat6 verbaum herein and shaN ~overn both partiss heroto and tbeir sutcessas and sss~~ns. No licn upon sny oi s~id policies o[ insunnce or upon anP tefund or return ptemiwn ~vhich may be p~yaDle on the c~ncell~tion or term~n~tion thereot~ sh~11 be ~~ven to other than the Matt~~ee, except by proper endorsuoent ~tfised to such policy and approved by Mort~a~ee. Each poircy of ~ inaurance aAati have s(fiied thereio a Sand~rd NeM Yak Morlia=ee Cliuse w~thout Conuibutioe, mskins all loss a losses under ~uch policy p~yabie to the Matp~ee ~s its ~nterest rnay ~ppe~r. In the event ~ny sum or sue?s ot money becoot payable thereundcr the Nort- ~a~ee shall h~ve the optian to receive and apply tht s~me oa aecount of Ne indebtednesa hertby secu:ed, or to permit the titort~sEor to recei~e and use +t. a any part tbereof, ritbout thereby raivin~ a~mp~i~~n~ any equitY. I~en, a ri~ht under and by vutuc of t~~s mwtt~ie. In event ot loss or physical d~ma~e te the mort~a~ed property the Mott~a~a sh~ll ~~ve ~mmedi~te not~ce thereof by ma~l t~~ . tht Mort~a~~: and tbt Mor~Ea`ee may mske proof of loss ~f che vame ~c not made promptly by thc 1lortR~da• In event of (ore~lowre ~ BOkK 1~~ YR,GE~JV~ . . - - ~ ~ w._~ , ~