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Home My WebLink About2365 , i • . PR(IL'it)N11. :11.NAYS. that ~f the 1lurtg:+gor shall pay unto the ~brtgagee the indebted~e~s rvi~l~nc~J h> ~ certain prum~.aury nutr Nh~ch the foll~v?~ng in Nurds and figures ~s a tru~ cupy to-w~t: ~ i • S „`~~~r~r~~ ~ s 3.,.550.00 _ Miami, Florida DeCCIDbCT 6th ~q~_ ~ FUR VALUE RECEIVED We, jointl~ and severall~ promue ~o p~y Eu the ade~ o[ 1.AC:~B A_ SACAS ; ~ ~e p~nci~l ~?m ot Three Thousand Five Hundr~d Fiftx. ~nd NO/1pU~,~.Alts~ togethcr with interest ereon f~om date at the ate of ten perce~t, per annum unW maturity~ both pri~cipa! ar~d int~rest being payaLle in law(ul money oI the United States at Z244 Biscayne Blvd.~ Miami, Florida, o~ at auch other place as the ~holde.~8 hereof auy deagnate in writing. F'rincipal and intueat payaWe in inat~llments as fdlowi: One-Hundred ($100.00) Dollars per month, beginning on the 15th day of February, 19?0, and continuing on the 15th day of~each and every month thercafter until paid in full. Tl~is notc may be prepaid in whole or in part a[te~ one year fmfi the date hereof upon payme~t ot a penalty equivalent to two percent of the principal sum prepaid. Each installment payment shall be credited first on the intec+eat due, and the remainder o~ principal; snd interest ahall there- upon ceasc uE?on the princip:l so crtdited. ~ The make~ and endorsers of this note furthe~ agree to waive demand, notice o( no~-payment and protest, and in the evenl suit sha~l be brought (or the collcction hereof, or the same has to be coqected upon demand o[ an attorney, to pay reasonable attorney s fee~ [or making such collection. Dcfcrred payments henunder shall bear interest at the nte of ten percent per annum Irvm maturity until paid. This notc is seeured by a mort&age-ot cven date herewith and is to be construed and enforoed according to the laws of the State of Florida; upon default in thepa yment of principal andlor intc~t when due, tht whde aum of principal and intereat remaining unpaid shall, at the option of the holders, become immediarely due and payable. ~ _ ' d~ ' (SEAL) r ~ (SEAL) Prepucd by Spieier & Tendeieh, Attorneys - 2240 8iwynt Blyd., Miami. ida ar~d shall perform. cumpl~• w~th and abide b} each and every the stipulations, agreements, conditior~ dRII COYZ- nants a( said prumissor} note and of this deed, then this deed and the estate thereby crealea shall cease and be null and v~id. 1. The Alortgagor hereby covenants and agrees: ' (al Tu pay all rnd •~ngular the M~n.~pal and intrrcst and othtr sumc of mone>• payable hy v.rwe of sa~d prwn~c>o~y no~c and th~. deed, or c~ther, promp~ly on the day+ reapect~vcly the came ~everally become~ due. (h) Ta perm~e, a~wnmu or sufter n~. ~aste avd to mamum ~hc ~mptovcments at all t~mes in a state ot goad rep:+u and ~und~hon, ~nd tu do or petmrt to br Jont to ca~d prem~ses nuth~n6 that vr~ll alter or chan~e lhe use and charactet ot said propert~~ or m any ray impau ~x ti~eakrn the ~ecuruy of th~s mort6aae. And in ease of ehe refusal, ntalec~ or inab~6ty of the Mort6aEor to tepa~r and maintam +a~d propcr- ~y, the ~1~xtgaRre may, •t his opt~on. make such repa~rs or cauct the same to be made, and ad~ance moneyc in that behalL (c) Tu pay all and s~naular the ~axts, assessments. le~~~es. I~ab~lihes, and obli6ations ot every eaWre m said dt+cnbed pinpertp ra~h artd every vhen duc and payable accexdin6 to law, before they become deiiaquent, and to deliver to the Mortgssee on os Aeforr \larch ISth ot each yerr taa receiptc evidencmg the paymen~ o( all Ia~rtullY ~o?posod qxes for the preced~ng calendar you; to ~rt3emnJ~~ tht ~lurtgasee upon h~s demand for all taies, asseccments and charses that may be assessed upon this mwtaa6e on the indebtrdnr.> .ured hereby, and pA~d by the mortFa6ee, ~ithout reEard to srtY law heretofqe enacted or herca(tei to be eoacted ~mpus~ng naymrnt oS th~ ~ho1e vr anv ~art thereof upon thc \t~rtgagee. (di To pay all and .~ngular the co.tv, chatEes and expenses, ~nclwlin6 lawyets' fees and abstratt co~ts rcasonably incucred ~x Da:•: an~ umr bc the ~1ortRagre becau.~ of thr fa~lurc on the part ot the btort~ta~or,to pertotm, compty ~~th and ab~de ha~ earh and e+r•~ ~ht supuiet~ons, agreementc, condihon. and cus~enants o( said promissay note and th~s dted, or e~ther, and evrry sucA~payment shnlt +we~ ' ~ntrrrst fnxn datr at thc rate of ten 110"~) per centum pcr annum. (rl It iurthcr co~cnanted xnd a6reed by caid parhes that in the event ot a suit being mstituted to faeclo+~ th:_; r.:~xtRage, thc \1•K~- gasee shall be eM~tled to apply at any Iime pendmR such faeclosure suit to the court havms jutisdicum ~hereof fcx the appoinrmcn• of a rece~tier o1 au ano .iun~:.~ .-a::;,ae_a :••;r•~••. aed o[ alt rents. mcomes. profits. issues and revenue~ thereo(, (rom wha~•i~r.~T cnurce derived: and thereupon ~t is herehy eapressly covenanted and a6reed that the Court shall tortnw~te appoin~ ,u~7~ the u.ual par~crc and dut~es of rece~vers in tikt cases, artd sa~d appo~ntment she11 be made by tAe court ~c a matter ot .trict r.gh~ f,• thr lfixtaaaee, and a~thout reterence to the adequacy or madequacy of the ~alue o( tho property hereby mortEa(eed, or ~o the .~,hrn, . nr ~ncol~rncy of the ~lor~6a~ors or any other party Jefendant to such su~t. The 111ort6a6ot hereby speedically Y'~IYQti tAe nght t.~ ~~h~,•~ • to the aDPo~oimcnt of a rece~ver ac aforesaiJ and hereby eapressly consents t6at such appomtment sha11 be made ~s ~n adm~~te~ : ~wh and ac a mau~~ o( absolute ri6h~ to the Illo~tsa6ee and that ~he sast may be done rithout oolice to tht Mort6agor, ~ (t) If foreclosure procetdin~s should be inst~wted apinst the property covercd by th~s mwtp6e upon any other l~en or cl~~m ah_th~,-• alle~ed to be supenor or ~mior to the I~er. o( this mortpse, the 6fortsa{ee may at his opt~on immed~ately upoo in.u~uuon u( ~uch .u~~ w dunn6 thf pendency th~reof declarc this mataaEe and the indebted~ess secured !~ereby due and payablc torthwuh .~nd ma. opt~oo procecd to foreclose th~s mc.r~~a~e. (s) 7'hat the SlatgaEor vrill keep all real and personal property no~r or hereafter encumbered by the I~en of th~s mortEa`e ~nsured ar m.,~ be rcqu~red (rom um~ to time by ~he MortRagee a~ainst loss by fire, M~nd.~arm and olher hsnrds, ca~u~lt~e~ and conunEcnuc~ f~~r .u.~ periods ind ~or not less than such amounts as may be requ~red by the Mort~~~ee and to pay promp~ly rhen due atl premium~ I.u ~u~h msunnca The amcwnts o( iesurance required by the Nurt6agee shall be the min~mum amounts fw vh~ch ~a~d msucance shiN bc ~r~ucn and it .hatl bt ~ncumbent uD~ ~~«6~6a ~o ma~nUin sucb addiuooa) ~nsurance as may bt necessar~ to meet and comply tu{Iq +ti~h all co-msurance requirements coata~ned in sa~d pol~c~es to the end that the said Mor~6a~ot ~s not a co-msurw thereundcr.lnsurancc shall be wruten hy a company or compan~es approved or des~~nated by the Mort~aeee and all polrcies and reneWals thercof sha!! be he1J by the Mortga6ee. AN detaeled desianat~onc by the Morlaa6oc which are accepted by the Mot~~a`ee and all aareemeat~ betw~een Mor~`a~or and Mor~aa~ee relat~na to insurance, now ex~stin~ or herea(ter made, shall oe in +nhn~ and shal) be a patt of th~s mortEa6r a6rcement as (ully as thouEh set f«th verbaum here~n and shaU sorem both parties hereto and ~heir successws and ass~an+. No I~en upon •ny „t ssid pnlecie~ ol ,nsurance or upon any re(und or rctum premiam vhich may be payable on ihe qncellat~oq or termm~l~op thereof, .hall i be pren to other than the Mort6a6ee, e:cept by proper endorsemeot affiaed to such poLcy ar.d spproved by Matea~ee: EacA poh~y o( msur~nce shall have affi~ed thercto s Standud New~ Ywk Mortpsee Clause vHhout Contubuuon, makms all tos~ or losses unJcr ~uih policy payable ~0 1he Mortpsee ~s its ~nterest may ipPear. In the event any sum or sums ot money becomt payable ~hereunder the ~t~rt- 6~t~~ shall have the opUon to receive and apply tht same on account o( tht mdebtedness hereby secured, w!n pe~m~t the \1~r.geKor to rece~re arM use ~t, a any part thereot, ~rithout U?ereby ~aiv~ns or ~mpa~nn~ any equhy. I~en, or nsl?t undrr and by nrtue o( th~. mat~a6e. !n event of loss ur phys~cal dama6t to tht mo~e~~`ea ao~~iy ~he Alortp6or ~haU E~.C immed~ate not~.c t~erc.,f b~ -^a~l t~~ . the ~~atsa6ee and tA~ 111cxtga6ee ma} make proof of los. ~f the same ~c not made promptly by the ~tortE~gcx, In e~rnt ~~f l~rt~i {~•ure ~.t - . • ~.~1 ~3~65 ' - .y_.-_'. . . r ~ ~~~rv:`~'L4:. , x- ~.4.~~ _ . . - ~ y..'. ' ' ~ ~.^e