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Home My WebLink About1061 PROVIDEA, .1l.wAYS, that,if lhe ~1or~g~gor shail pay unto the ~lortsagee the i~xlebtednr~s avidenced by a certain prum~xsoty ~ote of which the follawina in wo~ds and fi~ures is a tru~ copy to-w~t: ~ . ~ay~t~ ~~~i ~ 2?25.00 Janua 8 Miami, Florida ~ l9 70 FOR VALU~ RECEIV~D We ointly and severally ~om;,~ P,y ' t che «der ot F 3D d ELV ~ RIyD his wif e. the princip:l ~m o[ Tr+ro Thousand Seyen uncred Twenty-Five and togethe~ with interr~.l thereon G~om date at the rate o[ ten percent, per armum until maturity, both principal and inten;st beina payabk in lawfut mw~ey o( ~ the U~ited States at 2244 Bi~cayne Blvd.. hliami, Florida, oe at such other place aa the holdere hereof may designate in writing. Principal and intereat payable in installments as follows: Forty-Five ($45.00) Dollars per month, for sixty (6~; consecutive months on the 15th day of each and every month, beginning on ~ne i;th day of March, 19?O, and continuing until the 15th da~y of•March, ~975, at which time the balance shall become due and payable. This note may be prepaid in whole or ia part after one yeat from the date hereof upon paya~ent of a peaalty equivslent to five percent of the principal sum prepaid. ~ Each in.,tallment payment ahall be credited Crat on the intereat due, and the remainder on principal; and intereat ahall the~r- upon ce~.e upon the principal ao crcdited. The makcrs and endorser~ oE this note further ag~e to waive demand, notice of non-payment and protrst, and in the event suit sshall be brought [or the collection hereof, or the same has to be oollected upon demand of an attorney, to pay reasonabk att~rney's [ee~ [or making such cdlection. De[ecrcd payments hereunder shall bear interest at the nte of ten peccent per annum from maturity until paid Thia note ia secuoed by a mort~,age~of even date herewith and is to be construed and enfonxd accading to the larrs of the State oi Florida; upon defwlt in the yment of principal andlor intce~eat when due, the „rhde eum of prmcipal and intc~+est remaining unpaid sha11, at the option o~~ ~ia~~, ~~~a~.~y a~~ .~a wr~- ~ . c ~ ~SEnL~ ~ - ~ ~ .f/s' (sF.~?L) Pteparce by spiekr & Ta~drich. Attorney. - 72~{o enarne 81vd.. Miuai, ar~d ~hall perform, cumply with and abide by each and every the stipulations, agreements, conditions and cove- nants u[ said promissory note and of this deed, then this deed and the estate thereby created shall cease and bc null and void. 1. The Alortgagor hereby covenants and agrees: (a) To pay all and .~n6ular ti~e ~x~nc~pal and interest and other sums of money payable by virtuc o( said prom~ssay no~e and this decd, or e~ther, promptly on the days respect~vety the same severally becomes due. (bl Tu permit, commit or suffer no vaste a~d to mainuin the improvements at all times i~ a state of 6oad repa~r and cond~t~un, and to ~ i do ar perm~t to be done W said premises nothins that ~v~ll alter ot chanst tht use a~ character o( said ptoperty nr m any vay ia~pair or - ~reaten the secur~ty of thit mort~a~e. And in case of the refasal, ne~lect or inability ot the Mort~asor to repair aed maintain said p~oper- ty, the MottpEet may, at his option, mate suc6 repaits or cause the same to be made, and advance moneys in that behai(. . pay all and ~~n~ular the qxes, assessments, lev~es, liab~lities, and oblipt~ons o( erery nature on sa~d describcd property each ~ (c) To and every fhen due and payable accordina to Is`, be(ae they becane delinquent, and to delircr to the Nortaasee on or before hlarch ISth o( each yeat taa receipts erideocin~ the payment of al! lar(ully twposed t~xes foc.the precedio~ calendar rear; to indemnify the ~ Mortq~ee upon his demand for all taxea, asses~mentc and c6ar~es that may be asse~sed upon tdis ~eort~a~e on the iadeb~edne~s cured hereby, and paid by the mort~a~ee, v~thw:t resa~d to any Iar heretofore enacted or hereatter to be enacted iaeposin~ ~ayment ot the ~rhole a any .~art thereo( upon the Mun~~6ee. (dl To pay all and sineular the co+~s, charscs and eipenses, includ~n~ laryers' fees aad ab~Iract co~ts reaxonab{y incurred ~x pa~d at any time by ihe 1N~xqta6ee because of ~he fa~lure on the part of the Mortp~or to per(wm, comply r~th and abide Ay each and every ihe stipul~uons, asreemenls, condi~ions and covenants of said promisaory nott and ~h~s deed. ot either, and evcry suc6"paymcn< <h~ll bcar ~ imeast tran da~e at the rate of ten (10~) per centum per annum. (e) Ii is f~ther covenanted and atreed by s~id partiea that ie the event of a suit beins instituted to (o~eclose Wis mat~aac, the Mat- i p~ee shall be entitled to apply at any time pendin~ ~ucb (oreclosure suit to the coutt havio~ jwisdiction thereo( for the appo~nteunt of s receiver ot sll and sin~ular the mortsa~ed properly~ and of all rents, iacomes. proC~ts. issues ~nd rerenues thereof, from ~ahatcoe~cr source derired; and thereupon ~t is heteby expressly corenanted •ad •~teed th~t the CaYrt shall torthr~tb appo~nt aucA receiver with the uswl porrerc and duties ot receivera in like c~ses: and s~id appointment shall be made by t6e court ss a matter of striet ri~ht io U+e Mortsasee, snd w~ithout reterence ~o the ~deQuacy or inadequaey of the value ot the proper~y hereby a~atp~ed. or to the solrency ~ or insolvencY ot the Mortsa~ors or any other party de(endant to such suit. The INortsa~or hereby spec~tically ~raives the nsht ~o ob~ect ~o the appointment ot a receirer as afaesaid and hereby e:presaly conaents that sucA •ppointment shall be made as an adm~ttcd equ~ty and ss a~attcr of ~bsolute ri~At to the Matp~ee and ths~ tMe sarse ieay be done without notice to tAe Mort~a~a. (f) Jf foreclosurt proceedin{s should be instituted a~ainst the property eovered by tbis mottpac upon aay other I~en or cla~m ~hcther ; alle~ed to be superiot or junia to the l~en o[ tAis mort~~~e, the 61ort~s~ee may at his option immed~ately upon ~nstituuon of .uch ~u~t ot durin~ the pendrncy thereof decl~re th~s mat`a~e and the indebtedness secured hereby due and psyable fatA~.th an~i may at ~t. option procecd to faeclose N~s mort~a~e. That tlie Mort~asot rill keep all resl and personal property no~ or herea(ter encumbcred by chc I~en uf th~s m«tga~e ~nsured as m~y be required ttan time to time by the Mortaasee ap~nst loss by f~re, r~ndstotm and ot6er hazards, caswlt~es and c~x~un6enc~rs G~r .u~h pcnods and ior not Icsa tAaa sucA amoun~a ~a may be requued by ~he Mortp~ee aod to pay promptly rhea due all prem~ums (ar such ~nsuraece. The ~mounta ot insur~act required br the 1Norts~see shall be the mio~mum smounts fa .rhich sa~d msurance shalt bc ~n~een and it shall be incunbent upon the Mortsa~or to maintain such additioaal ~nsurance •S t11s"jr~! RtCt55ity to mcet snd comply fully ruh all co-insunnce requirements tontsined in s~id ool~ciec to the eod ihat tAe said MortLa~a ia not a co-inswor thereundcr.Inauraace shall be wntten by a comp~ny ot compan~es ~pptored ar des~~n~~ed by the h/ort~a~ee and all pol~cies and reoe~al~ thereo( ~hall be he1J by the A~lat~a~ee. All detailed desi~nat~ons by the Mort~a~ot ~rhich sre accepted by the AAort~atee aed all atreementc beta~een fNort~asor and Mortsaiee relatin~ to inaur~nce, nrnr existin~ or herea(ter made, shall be in .ritin~ and shall be a part o( th~s mrxtgase s~reemem as fully as ~hrish set forth vtrbatim herein ~nd ahall ~orern both parties hereto and Weit successors sad assi~n+. No I~en upan any ~.f s~id policies o( insurance o~ u~wa any refund or return ptem~um r?hich may be paysble on the eancellat~ao a tene~nanan thereof, .hall be ~iven to oeher than the blotti~sce, e:cept by propet endwsement sffiied ~o ~ucA policy .nd apao~ed by µor~~siee. Fac?? poi~c~ ot msurance shall hare a((ixed thereto a Standud Nev Ywk Mort~aiee Clause ~r~t6out Conu~buUOe, makm~ all loss rx tossc~ under .uch ~ policy payable to the Mort~asee ss ~ts interest may appesr. In the erent any sum a sums ot raoney becaat payable ~herti+ndei the ~kxt_ ~a~ee ahsll hsre the opticn to rece~ve and sprly the samt oe account of the indebtedness 6ereby secured. or ~o perm~~ ~he ~k~ttRaFo~ to rece~ve and use ~t, or any psrt thereo(, Without thereby ~raivin~ a impairin~ any equity, lien, or n~ht under and by vutuc nt ih~. matsa~~, fn ereni uf loss or physical damase to tht matsa6ed proper~y ~he Mo~t~a~or shaU ~ite ~mmciiate nw~ce therco( b~ ra~f t~~ Ihe MortEaEce ~rnl thc Mex~EaEce may makt ~rro..f ~~f lo.. the samc is not de rompNY by 2he ~tw. rF~r. Ir, eti~•nt ..s I~ac~l••.ure - r, 0 R ~~105~ , - 800K ~ _ ' _ , - ; ~ - ~ = ~ ~ ~ ~ _ ~.z:~~ _ _ . ~ ~ . ~