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Home My WebLink About1444 ~ f PROVIDNn, ALWAYS, that if the ~lortgagor shall pay unto the ~tott~agt~ tht indtbtedness ~vi~~~ced by a - certaio p~um~.sury note ~f which lhe following in words anJ ~igures is a true capy to-N~it~ ~ i ~Q ` i ~Z- ; -7~ + i 1,6Q0.00 Miami. Florida Januarv 1'7th 19~.Q_ i FUR VALUE R~GEIVED promise tu pay to the order oI NAT FRIEDL'i AN a11d I LI~,` F IEDL'IAAT . hi s w f e the principal sum oI nng Tho ~ sanci Si ~t H~dxed ~nd Nn f l pQ DOLLARS, together with interes? thercon from date at the rate o[ ten peccent, per annum unW maturity, both principal and intecat being payabk in lawful money o( the United Statea at 2244 Biscayrie Blvd., Miami, Fbrida, or at wch other plaoe as the holders hereof may deaignate in writing. i Principal and interest payable in insWlments as follows: ~ Thirty-Five (835.00) Dollars per month, beginning on the 15th day of March, 19?~ ~~.d continuing on the 15th d~y of each aad every month ~ thereaYter until paid in full. This note may be prepaid in whole or in part atter one year from the date hereo[ upon payment of a penalty equivalent to five percent of the principal sum prepaid.- Each in•tallment payment e1w11 be credited Cust on the intereet due, and the remainder on principal; and intereat shall thrn upon cease upw~ the principal so credited. . The makers and endorsers of this note further agree to waive demand, notice of non-payment and protest, and in the event suit ~I~all be brought for the collection hereot, or the aame has to be collected upon demand of an attorney, to pay reasonable attomey's [or making such collection. ! Defen~ed payments hereunder shall bear i~terest at the rate of ten percent pe~ +u~num fwm maturity until paid. This note ia ~red by a mortgtge~of even date here"rith and ia to be construed and enforecd aceocdinE to the lawa of the - State oi Florida; upon detault in the payment of principal andlor intaeat when due, the Mhole sum of principal and inte~eat remaining unpaid shall, at the option of the holdecs, become inunediately due and payable. , ~ (SEAL) ~ Prepued by Spiekr & Tendrid~. Attomey. - 2240 Bi.eayne H1~d.. Miami, ' ^ ~S~ALj ar~J ~hall perform, comply with and abide by each and every the stipulations, agreements, conditions and cove- nants uf said promis~ory note and of this deed, then this deed and the estate thereby created shall cease and be ' null and void. . 1. The Martgagor hereby covenants and agrees: (a) To pay all apd ~~naular the pnncipal and interec~ and other sumc of money payable~ by vi~we of said prom~s.ory note ~nd th~s dced, or either, promptly on tht days respec~irely the same szverally becanes due. (b) To permit, ~comm~t .x suffer no ~vaste a~d ~o maintsin the improrements at all umes in a slate of aood rcpa~r and cund~l~un, ynd to do or permit Io t+e done to said prem~ses nothmE thst wr~ll alter or chsnst the use and charactet of said property or in any May ~mpau or ~rtaken the secunty of this m•ut~a~e. And ~n csse ot the refucal. ne~lect or inab~lity of.the Moet~aaor to repair and ~rainta~n ~a~d proper- ' ' ty, thc MatpEee may, at his opt~on, make such repa~ts or cause tht same to be made, and ad~ance moneys in thai behalf. i (cl To pay all and ~~n~ular the taaes, assessments, levie~, I~abllities, aod oblijat~ons of ever) natutt on said destnbed property cach ~ and erery ~~hen due and payable accord~ns to larr, be(are they become delinquent, snd to deliver to the Mortbaaet on or bcfure ~latch ISth o( each year tax receipts evidencinj the payment ot •II lawfullr imposed taxes fot the ptecedins caltndar year; to indemnify the \1at~a~ee upor? h~s demand tor all taaes, asses~mentc and char~es that may be assessed upon this mortsa`e on the indebtednccs cured hereby, and pa?d~by thc mo~tRagte, without resard to any las 6etttoforp enacted ot hetea(ter to be enacted imposins nayment o! the whole or any ~art thereo( upon the Morl~a~ee. ~ (dl To pay all and smsular the costc, char`es and expenses, includ~n~ laayers' fees and abatracl costs reaconaAly mcuned rx pa~d at any ~ime by thc M.x~Ra6te because of the fa~luce on Ihe part of the MortEa[or to per(orm, comply wuh aaJ ahide by each and cvery the st~pulation~, a6reements, cond~tions and coeenants o( said promissory nott and this deed, or either, and every such~paymrnt ~hall Acar mtercst trom date at ihe rate of tcn (~0"~) per ceMUm per annum. (el It is further covenanted ~nd a6reed by said parues that ~n the event ot a suit beins ~nstituted to (oreclose this mcxt6a~e, the Afor~- sa~ee sh~11 be entitled to apply at any time pendin~ such (orecloawe suit to the court havin~ jurisdict~on thereof for the appo~ntment o( a rece~ver of all and sinautar the mwt6a6ed property, and of all renls, iacoa~es, protits, ~ssues and rerenuea thereot, from whae~oe~er source denved; and thereupon it is hereby expresaly covenanted and a~reed thst the Court shall (orth~rith appoint such rece~ver ~r~th the usual powerc and duties of receivers in like casec: and s~~d appointment shall be made Dy Nt court as a matter o( ctric~ nsht t~~ ~he AI«~sa`ee, and Without reference to the adequacy or in~dequacy ot the ralue ot the property hereby mat~ased. or to the solvency or insolrency of the Mortsa~ora « any other party de(endant to such suit, The Mortp~or hereby spetd~tally r•aives the nght ~o ob~ect to the appoinUnen~ of a receiver •s atwesaid and hereDy eapresaly consenta t6at such appointment shall be made as an sdmitteJ equ~ty ~ snd as s matter of absolute ri~ht to the Mort6asee and that the aame may be done without notice to the ~fortsa~w. ~ (t) Jf forectoaure proceedin~s should be mstiwted a~ainst the property covered by this mortpae upon any other t~en or cla~m whethcr . alle~ed 1o be supenot or ~unior to the lien o( tAis mat~~~e, the Morl~a~ee may at his option ~mtoed~ately upon ~n~tituuon o( .uch cu~1 a dunn~ the pendency thereof declare this ~eor~6a6e and the indebtedness secured hereby due and payable to.thw~th anJ may at~~. opt~on proceed to faeclose th~s morl~a~e. Th~t the Mort~asor will keep all real and personal ptoperty now or heresftcr encumbered by tAe I~en o( this mortga~e ~n~ured as may be reauired from Iime to time by the ~1ort~s~ee ap~nst loss by fire, w~ndstorm and other h~zards, cacwlt~es and cun~m6enc~e. (or such pcnods and ~or not less than auch amounts as may be requeted by the Mort~asee aad to pay promptly when due alI prem~ams (or such tnsutance. The aowu~ts ot i~aur~nce required by the Mortp~ee sh~1) be tAe min~mum amounts for which sa~d ~nsurance shall bc wntten ' and it shall be incumbent upon the Mortsasor to maintain such additional ~nsur~nce as may be nece~sary to meet and compty tully ~ith ~ all co-~nsurance teq~~rements conta~ned in said poticies;to the end tAat the ss~d Mort~asor ~s not a co-insuror thereunder.Insurance sAall be wntten by a comp~ny ot compames approved or desi~n~ted by the Mortsasee and all policies and renewalc thereot shall be helJ ~ by the Matp~ee. All deqiled deai~nations by the M~rtas~or wh~eh are accepted by tNe Mor~~a~ce and all asrtemen~s betseen Nort`a6or f and Mort~a~ee rel~t~n~ to insur~nee, now~ existin~ or here~(ter made, shall be in vritin~ and shall be a part of ~hiy mixtsase a~reement as (ully as thou~h sei forth verbat~m here~n and shall sorern botA partics hereto and their successors and sssi~na. No lien upon any ~~f s~id polic~es of ~nsurance or upon •ny re(und or return premium rhic6 auy be p~y~ble on the cancellst~on a termmation thereof, shsl) be ~iren to otArr ~han the Mortas~ee, except by proper endorsaoent affiaed to auch policy and appoved by More~a~ee. Each pol~cy of ~nsurance shall have at(ixed thereto s St~ndud Ne. York Mort~a~ee Clause ~r~thout Cor.vibution, makina a11 loss er lossec under .uch policy payable to the ~Sortaajee as ita in~erest may sppear. In the event ~ny sum or swes ot money becoae payable tfiereunder the \tort- sasee shall hare Ihe ophon to receire and apply the s~me on aecoun~ o( the indebtedness hereby secured, or to permlt thc \lnrtg~Rnr to rece~re and use ~t, o~ any pari thtreof, ri~hout thereby ~rairln~ a ~mpurins any equ~ty, I~en, a n`h~ unJcr and by v~r~uc nf ~h~. mortsa~e. (n ercnt of loss or physical damase to tht rnortba~ed property 1he Mortsasot sh~ll a~re ~mmcJ~ate noticc thereo( by m.~l t,~ the N~xtR~R« ~he ~Fxtp.ag~ ~may makr ~+ro~~f u( to.. ~f thc came i~ not madc prumpNY by the ~I'.xtga~e•x.~r, ctirn: t~.rc~l~••urc ~~f - Btl4K ~C7~ ~'ACE~44~ ~ ~ ~ - .