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Home My WebLink About0876 PROVIDEn, ALWAYS, that if the ~lortgagot shall pay unto the ~brtgagee the indebtedness eviJenced by a c-ttain prani~sory note ~f which the followio` in words and fi`ucCS is a trut copy to-wit~ . S 2~'~00. - Mismi, F lori _ 19~c~-- Fllll VAI.IIE Ht:CE1Vt:U . j~. - i ni r+l v promue tu pay ~hr uodn u~ _ ~IITH FRITCH he pricKi~~al aum uf ~'1eI0 ThOUS~rid F~tlr Hu11 r ti and Nof 100 UULI.ARti, tugether with interest ~rn.wn fn~m date at the ale of ten perceat, pet annum unW matu~ty. buth pri~cipal and interat bei~ p~yable ia lawful moeey ot t e llnitcd llale~ at 2244 Biscayne 81vd.. Miami. E'Iorida~ or at iruch uther place as the'hdden henof msy daignate in writins. 1'rincipal rnd inte~e~l parabk in iosWlmen4 as folbws: ' Fift~ ($50.00) Dollars per month, oeginning on the 15th day of February, 19?0, s?nd continuing on the 15th da~y of each azd every month thereafter uatil paid in full. Tl~ix a~~tr. may br ptrE?sid in whuk or io pari after une yur fn~m lhe date hereof uFwn payment uf a penalty ryuivalrnt tu tw~~ prnent uf lhr princiE?al rum prrpaid. fach iu:tallmr~t ~?ayrnent ~1?all be credited firut on the inter~est due, and the remainder un principal; and intem:l ,~hall thrre- I u~?un rrZ~r upwi lhr ~ncipal so crediled. 7'hr. makrn aml ~ndu~r.~s uf lhi.• nute [uHher a~ee to waivr denau~d. nutim uf rwn-payment and prul~x~t, and in thc event wit ,hall br l,n,ukht fur tl~r cdGrrtiuo her~wf. ur the same hax tu be colle+~ted u~wn d'mand u( an atiur~~~. tu psy mawn~We auurnry x 1~•r. fur n~alinp, w~~h cdl~y:tiun. I kfrm~d pa~~nrntx hcmunder si~all beu interc~t at the nte of ten ~errrnt anuum Inim m~turity unUl paid '1'I~i. m~tr ix savneJ t~y a mort~c~of even date huewith a~d ia to Ix cw~strued and enlorced ar.r.~xdi~ tu 1he lawr. oi the ~tat~ uf t'I~xida; upc,n deiwlt in lhepa yment ut principal andlor interesl whcn due, lhe Mrhole bum ~d principal and inte~r.at rrmaining unpaid ulull, at the option o! the ialdees, beooa~e immedialely due and payaWe. ~ . ~ ` " " pYiy~- _ (tiF:AI.) Pr~pared by tipiekr 6 Tendrieh. Alt g`-m~JG`~q p•r7~ (1F AI.) a~rneps -'t240 Bi~eayne Wrd.. Misaii~ F' and ~hall 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 estat~ thereby created shall cease and be null and void. 1. The Alortgagor horeby covenants and agcces: (a) To pay all and c~n~ular the princ~pal and interest and other sums o( money payable by v~rtue of said pom~ssory note anJ this decd, or eitber, promptly oe the days respec~ively the same severally becomes due. (b) To permit, canm~t or sutter no vaste a~d to mamtam ~he improvemenis at all tiexs in a state ot good repa~r and cond~tion, and to do or permit to Ne done to sa~d prcm~sea nothin6 that ~r~ll alter or ch~nee the uae and charactet ot said property or in any .ray impair or rre~keo the security of thi+ mort~~~e. Aad ie case ot the refusal, ne~lect ot iaability ot the Mort~a~o~ to repait and maintain sa~d ptoper- ty, Ihe Mortp~ee may, at his option, make such repairs or cauce the same to be oude, u~d ~dvance moneys ~n that behalf. i ~ (c) To pay all and sin~ular the taxes, assessmeets, lev~es, Iiabilities. and obli~ations ot every nature on said deseribed ptope~ty each ~ and every vhen due and paysble accordins to law, betate they becane delinquent, and to deliver to the Mottaa6te on ot before March ~ ISth ot tach year taa reeeip~s evidencin6 the psyment ot ~II la~rfuliy ~mposed ta:es tot the preoedia6 calendar rear; to indemnify the Mort~~~ee upon his demand fa all taxes, assescments and charses that may be assessed upon this mortaa~e on the indestedness ~ curtd hereby, and paid by the mort`asee, vithout re`ard to any law Aeretofore enacted or hereatter to be eaacted imposins ~ayment of the rrhole or any ~art tliereot upon the Mort~a~ee. r ~ (d) To pay sll and sinsular the costs, cAar~ee snd expeasea, includio~ laryers' fees and ab~traet costs reasonably incurred nr paid at g any time by the M~x~~asee becaace of the fail~?e on the part of the A~lort6asor to perform, comply with and abide by each and every the ~ stipula~~on~, a~reemcnls, conditions and covenants of said promissay note and this deed, or eilher, and every sucA'payment shall bcar mterest (rom date at the rate ot trn (l0'~) per centum per annum. ~ (e) It is further covcnanted aad aareed by said pactrcs that in the event ot a suit beini ~nstituted to fareclose this~mortsa~e, the Mort• ~ sa~ee s6a11 bt entitled to ~pply at any time pendins such (aeclostxe suit to t6e court dsvies jutisdietion thercof for the appo~ntment of a receirer ot all and sinsul~r the matea~ed property, and ot all rents, iacaoes. ptofits, issues and revenues thereot, tran rhatcoevcr ~ source derived: and thereupon it is hercby e:pressly covenanted and •{reed that tAe Caurt ah~ll focthrith appoint such receirer w~th the usual poMera and duties of receivers in like cases: and e~id appointment shall be made by tbe court as a matter of strict ri~ht to the Matsa~ee, and vithout rcfetence to the adequacy a inadequscr ot the value o( tbe property hereby matsssed. a to the solvency ~ or insolvency of the Mwtsa~aa ar any othet party detendant to auch suit. Tde Mottia~or hereby spet~(itally r~i~es the risAt to ob~er~ ? to the appointment of a receiver sa a(ores~id and hereby expresalr consents that sueh appointment sh~ll be made •s an sdm~tteJ equ~ty ~ and ~s s ieatter of absolute ri{ht to the Mortp~ee and thst the same may be done witAout notice to the Alortsa~or. ~ (f) Jf foreclosure prxeedinss ~hould be inatituted a~~inat the property corered br this mort~a~e upon aoy otMer lien or cla~m vhc~her alle~ed to be superior ot junior to the tiea of this wwrts~~e~ the INortsa~ee iaay at dis optioa inenediately ~pw~ inati?uuon o( such cu~t ~ or durin~ the pendency thereot declarc this awrt~ase •nd the indebtedness secured hereby due and payable forthwuh and may at ~t. option proceed w foreclose this martp~e. '-t Thst tht Mortpsot ~rill keep all real snd personal ptopetty no~r a heteafter encumbered by tde hen o( t6is mortp~e ~nsured as may ~ be required trom time to time by the Mortsa~te a~ain~t loss by fire, w~ndstam and other hazards, caswlties and conhn~encus fur such a per~ods and for not lesa ti~ao such s~eounes as may be required by the Mortq~ee ~ad to pay pro4ptly .hen due all premiua?Y for such insurence. The ~mounts of iaaurante required by the Morts~see s6a11 be the minimum ~mounts [ot rh~ch said insursnce shall be ~ntte~ ~ aod it ah~ll be incumbent upan 1he•Mortp~or to s~intsin such addition~l iesuraece as may be necessary to meet ~nd comply fully v~th ~ •II co-insuance requirements conhined in a~id policie+ to tht ead that the said Mortsa~a is not a co-insuror ihereunder.In~w~nce F ahaU be~w~ritten by ~ toep~ay ot compaoies ~pptored ot desi~n~ted by the Mart~~~ee ~nd all policies and reaerral~ thertof shall be helJ by the Matp~ee. All detailed deai~nations by t6e Mort~a~or ~rhich are accepted by the Matq{ee ~nd all asreements betreen Mort~a~or ~ and Mortsa~ee relatin~ to insur~nce. nwr existin~ or hereatter made, shall be in .rtitin~ and sb~ll be • part ot this nwr~p~s a~reement ~ as (ully •s thou=h set fort6 verb~tim derein and shal) ~overn both patties hereto and theit auccessots and assi~ns. No lien upon ~ny of said policies ot insur~nce o~ upon ~ny retur~d or recurn ptemiwn vhich may be pay~Dle oe the c~ncellation or termination theteot, shall ~ be ~iven to other ~han the MottWSee, except by propct endwsemeat af(~:ed to such polity and approved by Mort{~=ee. Each policy of insurance shall have aftixed ~hcrcto ~ Standud Ner Ywk Mottp~te Cltust rithaut Conuibution, makin~ all loss or lossu under such ~ - policy pay~ble to the Mortp~ee as its mterest may ~ppe~r, In the erent aey swa a suos ot money becane ~ payable ~he~eunder tAe No:t- ' ~s~ee shsll hsre t6e optian to receire and •pplr tht s~me on aecount ot tbe indebtedness hercbr seeund. or to permit the Nort~aEor ~ to receire and uae a any par~ thereo(, Mrithout theteby vaivin~ a impairin~ any eQu~ty, lien, or n{ht undcr and by v~ttue of ~h~~ ~ mort~~~a In erenl o( (oss m physical dama~e to the mott~aaed property tMe Mort{a{or shall ~ire ~mmed~ate not~ce thereof by ma~l a~ a ~ the M~xtpsee rrw! the MorlEa6ee may make prcwf o: lo.. if ~he same ~s not made promptly by the ~1ort~aErx. !n c~rnt nf (orea t~~•ure o! r~c • Q ~jA ~ ~ ~ ~ BOQK ~v~ PACE ~ f't ~ ~ ; , - - - : , ; . Y ~ ~f~~~ ~ ~`c~.' p- ^ . ~ . ~C; 'r'"`~~.z 2~~ r._ , '~`~f~`,~-, _ . _ ~s._ ~4'~~~~~"~ _ ~ .