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Home My WebLink About1064 ' f . . ~ . 1 , i t ~ v • • PRI)VIUEII,~AI_M'AYS, that if the \1o~tga~ot shall pay unto the \iotttasee the indebtedness ev~denc~d ba~ a certain pnani:sory nute of which the followin` in wurds and fi~ures is a trut c~~py tawit: ~'~q'a'q~ l~~ _~?~.~0 Miami, Florida- J~ua~v 1_Oth 19.=f9 FUR VALU~ RECFiVED, Ll~ ~ni nt_19v, anA ~PVPrr.~71v promise to t eheorderof ANNA KAPT.AN principal aum otF~ve Thousand E~ qh~ Hu~dred Twenty Five 8ric~j~j,~j{5,~ ethc~ with inle t th n Irom date at the rate o[ tea percent, pe~ annum unW maturity, both principal a~d intereat being payable in lawful money the U~~~~d aac~s ac 2244 g~cayn~ BI~d., Miami~ Florida, or at such other place aa the hddera hereof may da~ignate in writing. Principal and intereat payable i~ inatallments as Idlowe: ~ighty-Five (585.00) Dollars per month, for thirty-five C35) consecutive months, on the 15th day of each and every month, fieginnning on the 15th day of Marcl~, 19?0, and continuing until the 15th day of Februar~r, 19~3, at which time the balance shall become due and pa~qable. This ~ote may be prepaid in whole or in part after one yeat from the date hereoi upon payment of a penalty equivalem to five percent of the principal sum prepaid. Each in•tallmrnt payment shall be credited Ccst on the intercat due, and the rtmainder on principal; and interest shall thrrc- upon cei.e upou ll~~ principal eo credited. Ti~e makrn ~nd endorsern of this note [urther agtee to waive demand, notice of non-payment and protcst. and in the event suit sl~al! be btuugl~t for the co!lection hertiof, w the same has to be collected upon demand ot an altorney, to pay reasonable attorney's fec+ fur making wch collcction. Deferrcd payments hec~eunder shall beu interest at the rate of ten percent num from maturity until paid. 7'his note ia n~ecured by a mortg~ge'of even date herewith and is to ed :nd enfomed aco~Cding to the laws of ihe • State of florida; upon default in the payment of principal andlor in doe~ the whd au Jof pnncipal and intenat remaining unpaid shall, at the option of the holdeea, beoome immedia d payable. • ~ (sEAL) ` Preparcd by Spielu & Tendrieh, Attorney~ - 224p Bi~eayne Bhd,~ (YWm~, (S~L) ar~d ~hall perform, cumply w~th and abide by each and every the stipulations. agreements, conditions and cove- ' nants uf said prumissory note and of this deed, then lhis deed and the estate thereby created shall cease and be ~ null and voiJ. 1. The Mortgagor hereby covenants and agrees: ' (a) To pay rtI ~nd ~~ngular the ~x~nc~pal and interesr and other sums of moncy payable by virtue ot sa~d ptomisvory note anJ ~his deed, or either, promptly on the days re~pectively the came severally becoawes due. lb) To pccmit, aomput a suf[ec no waste aod to ma~ntain the improvements at all timea in a state ot 6ood repair and condit?an, and to do ur pcrmit to !+r done to said prem~ses aoth~ns that v~ll altet or chanae We use and cNaqttet of said ptopcrty or ~o any way ~mpa~t or weaken tht securt~y of thic eoort`aa~. And "ia e#se of the retosal, qe~leot-a inability of t6e L4atssaor to repau and maintain said proper- tY. ~he ~lortasgee-may, at~his op~lon, maEe such.cepsirs ar cause_the same to be made, and advance moneys in that behalf, (c) To pay al~pnd em~ulu the u~ss, assessments, Ie~~CS, liabilities, and obli~ations of erery nature oa s~id described property rach and every Yhen due"and pa~able accadina to iar•, befat tBey becane-delinquent, aed to ddiJer to the Mortaaaee on or be(ore March 151h of esch year taa receiptc ev~dencin6 ~h~ paye~ent of ~1 Isrtully impwsed baes tor.the precedins caleedar year; to ~ndemni(y the 1Nort~asee upon hi~ deaund fot all'uxes, aasescmen~.4 and charsea that may be assessed upon tb%g a~ottsa~e on the indebtrdne~s cured hereby, amf paid by the mor~tEasee; aithout re6ard to any lar berctofae en~eted a hereaftbt'to'bt enacted ~mposinR ~~ymrnt o: the ~hole a anv ~art thereot upon the A~ort6atee. (d~ Tu pay all and s~nbular the co.ta, char6es and e:penses, inc(ud~n6 la~yets' fees snd absttac~ costc reasonably ~ncurred ~x paiC ai any hmr Ay the Mat6a6ee because ot the (a~lure on ~he part of the Mo~tp6or to pertorm, eomply w~th and abide hy each aod e~r•~ ~he supulat~ons, agreemrnts, conditions and corenants ot said promissory aote and tbls deed. 6i FitAer, and e~ery such"payment shall brar ~merest trom dat: at the rate of teo 1105) per centum per annum. ~ + (rl It is further covenanted and ageed by said parties that in the eveot ot a auit beins instituted to (oreclnse thi~ c.ort6aae, the ~t~x~_ 6a6ee ahall I+e enlitled to sPPly at any ti~e pendins such toreclosure suit to the eourt hayins jurisdictim lhereot tor the aypo~n~menr o! a receiver of all and sin~ular the mat6ascd propetty, and of sll reots, iacomes. protita, issues snd revenues thereo(, ftom a~hat.nr~rr source derived; and theteupon it is hereby eapressly coveeanted and a~reed that the Court shall forthvith appoiat cuch receiver ~~rA ~he usual porerc and dut~e~ of receivers in like cases; and aaid appointment shall be madt by the court as a matter of ~trict rcgh~ thr ~IcxtEasee, and without reference to the adequacy or inadequacy of the ralue of the property hereby mortsaEed, or to lhe ~~•I.rn,~. .x insolvency of the Mortsa`ors a any other party detenJant to such suit. Tht Mortpsor hereby speci(icatly maives thc nEht t.~ ~~l+~rc r to tAe appointment of a receiver as afwesaid and hereby e:yressly canseats tt~at such appointa~ent shall be made as an adm~~~ed cyu~t~ and as a matter o( absolute ri~ht to the Mort~a~ee and th~t the sa~oe msY be doee rithout aotite to the Mort~ssor. (t) If toreclocure proceediass should be instituted a~ainsl the properly covcred by lhis aartp~e upon sny other lien or c1a~m ~hrlrrr alle~ed to be superia or juoia to the lien ot tAis matp~e. the Mortp~te aay at his opt~on immediately upon ~n~utution of .uch ,u~t a durina the pendency thereof declare this mort~ase and the indebtedness secured heteby due and payable (ixlbwi~h anJ may •t option proceed to foreclose tdis motlsa~e. -'Ffiat the Mortp6or will teep all real and peraonal propcrty ao~ a hereafter encumbertd 6y the lien of this m«tga~e ~nsured •s ma~ be requircd from time to time by the Mortaasee a~ainst loss by fire, w~ndstam and other ha:ards, casualt~es and contmEenc~e. f~~r .u~h periods and,ior oot Iass thsa~such aa~ounts sa may be required by the ?{~rtN~ee and to pay promp~ly whee duc all prem~um~ iru such insurance. The a~+unis ot insurance required by th~ Alort~asee shall 6e the miaunum amouaa for w~hich said insurance sha11 be ~r~ttcn aed it shr!! bc mcureDent upon the Mortiaaor to ma~ntain such add~tional insurance as may be necessary to meet and comply fully wsth all co-insurance requitements con~ained in aaid policies to,tht ead that the ssid Matta~at is not a co-insuror thereunder.lnsurancc shall be vntten by a coopany or compsaies app~ored or des~~nsted by the More~a~ee and a~I polilies ~wd reneMals thereol .~a1! be AcJd ' by the Matssaee. All deqiled desisnatioes by the Mortsa6or rhicA ue accepted by the Mort~a~te and all aaretoentc betvten Mortptor and trtort6a~ce reln~ns to inswance, no~ e:istin~ or herea(ter made. ahatl be in vrritin~ aad shall be a patt ot th~s ma~aaae a6reement as fully as thou~h see torth verbstim here~n and shaU ~orern both parties hereio and their sutcessors and sssisns, No lien upon any uf said policie~ o( mswance or upoe any refund or retutn premiwe ~hicA may be payaEle oa tAe caacellstion or term~nat~on thereof, shsll be ~iven to other than the Matsa~ee. eacept by proptr endorsement attiaed lo suc6 policy and ~pproved by lNort~a~ee. Each pol~cy of insurance ahall have aftixed theato a Standud Mer Yak ~lortq=ee Clawe ~vithout Cootribuuon, nytios.all loss cx losses under ~uch .r;!:.". policY parable to the Alortpate as ~ts iotctest maY apPeu. tn the erent any sue? or swos ~pw~ay bltoae psyable ~hereunder the ~1or1- ~a~ee shsll have ~he opt~on to relei~e and=ipply tl~e sawe on account of ~he indeptedne hereby secured, or ~o perm~c ~he ~kut~aFur ~ ' 1o rectiwt and use ~t, a sny psrt thereof, rithout theteby ~aivinf ot ispsirin~ any equity~ lien. 9r ri{ht ~der and by vutue ot th~. mortpsa In event ot loss or phys~ca) d~auae to thc mort~s~ed property the Alortp~or shsll eive ?mmed~ate nouce therent by r~ail t,. k tift Mottp~te ~m1 the MortRaset ~nay mal~e ptoot of loss ~t the same i~ o~t made prompt~y by the ~1aleaga. !n evrn~ Iurt~ln.urc r~( ' p" ~1 ~ . ' , ~ 600K FNGf ~U~ , ~ , ~ ~ . ~ _ ~ _ . ~