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Home My WebLink About2166 ~ . ; . . : PROVI[)hfl, :~l_NAYS. that if lhe ~lurtgagor shall pay unto the \k~rtg:~ger the inJCb~edn~.s «i~~nc~d h~ a cetta~n prum~ssu~y nule ~~f wh~ch thr iolloNing in we~~ds and figures ~s a true c~~py to-wit "`d~~~~G i~~ ~2 t~Q,~_ ~L'~mi, Flor~da Januar~l~t:~ - - ~ e i r • Fl)tt \'•~I.I~E NECN:IVF.I) I pro~ui•c lu E?~~ , ~ to chc o~drr uf EDWARD BOI~BER ~ i tl~e p~incipal .um o[TlaCp ThQ11Ss~IIc1 Fpur Hllri[?rec~ and Nc~1100 DOI.L:~fG>, t~,~;ct6~•r witl? intrr~••t tlir~eun frum datr at tl~c ntc u[ trn pcrc~•nt, pcr annum until malurity, l,otli principal and int.~rest L~~it~o pr~~aLl~• in I.~w~ful inu~u•~~ ul ~ thc United Jtatrw at 2'3~~ Biscayne Blvd., ~liami, Florida,- or at wch other plaee as the holders hercu[ m-ry dcrig~~ate in writing. P~incipal and interr~t payable in installmenta as [ollows: _ Fift~r (550.00) Dollars per montin, beginning on the 15th day of i:arch, 1970 and continuing on the 15th day of each and every month thereafter until paid in full. a ~ This note may be prepaid in whole or in part after one year from the date hereof upon payment of a penalty equival~nt . ~ tu five peccent of the principal sum prepaid. Each installmrnt payment shall be credited first on the intenat due, an~ the remainder on principal; and intem~t shall thrr~•- ~ upon cea,~ upun the principal so credited. : Ti~e make~ and endor~~ of this note (urther agree to waive demand, notice of non-payment and protest, and in the event ~uit I~~i~all be brou~ht tor the collection hereof, or the same has to be coQected upon demand of an attomey, to pay n~asonable attoroe} i [er~ [or making such collection. ~ Deferrcd paymen~~ hereunder shall bear intere~t at the rate of ten percent per annum from maturity until paid. 1 ~ 7'his note is recured by a mortgage of even date herewith and is to be construed and enforced according to the laws of the ~tate of Elorida; upon de[ault in the payment of principal a~dlo~ interest when due, the whole sum of principal ~nd inte~.1 ~ ~ remaining unpaid sha11, at the option of the holders, become immediately due and payaWe. , s ~IIQ ~ ~-e /7'~~L`-<;~-ji 7' ~>~aL~ . ~ ~ ~ (~EAL) Prepared by Spieter 8 Te~drich, Attomeys - 2240 Biseayne Blvd., htiami, Flarida ar~J shall perform, cumply w~th and abide by each and every the stipufations, agreert~ents, conditiuns and c~~ve- i nants of said promissory note and of this deed, then this deed and- the estate ~thereby created shall cease and be null and voed. - ' 1. The hlortgagor hereby covenants and agrees: ~ (a) To paY alt and ~~ngular !Ae ~~ncipal, and interc~t and ether ~umc of moncy payable by v.rtue o( said promis~ory note and th~s ~ deed, or e~~her, promptly on tl~e days respecNvely the same severally becanes due. ' i lb) To perm~t, conrmt~ur su(fer no waste avd to ma~nta~n the ~mprovements at all hmes in a sta?e o( Eood irpair and cund~uon, and to do or permn to he done tu sa~d p~emises nothinR th~t w•~11 atter or chanEe the use and chancter of .a~J proper~y ~x m an~ ~ay ~mpau or reaken the se.::rty of this mortga6e. And m case-of the refusal, ne6lect w inabifity of the Morigaaor to repair and maintam sa~d proper- ty, rhe Mon~aRec may, a~ h~. opt~on, make such repa~rs ur cauce the samr to be made, and advance mon~ys ~n ~hat behalf. (c) To pay all and ~~nsular the taxes, assessmen~s, iec~es, liabil~ties, ans! obli6at~ons ot every nature on satd descr~bed property rach and every when due and payable accord~na to lar, beiae they becomc delinquent, aad to deFhver to the MortRagee on or be(ore ~tuch ISth ot e~ch year ua rcce~pt. ev~dencm6 the paYment of all lawfully ~mposed taxes for the precedma calendar ye~r; to mdemn:(y the \latea6ee upon his demand fa sll taxes, asses~ment~ and charses that may be assessed upon th~s mort6age on the indebtedne~s .ured hereby, and ps~d by the mcxtgagee, aithout regard to any lar• hetetofore enacted or he:eafter !b be enacted ~mposina nayment ot the whole m anv ~art thereo[ up~ tb~ 1?t.xt6esee. ~ (dl To pay all and s~n~ular the costs, characs and'e:penaes, includ~n~ lawyers' fees and ab+troct co~t. reasonably ~ncurreJ or paid a~ eny Um~ by thr ~lortgaEee becrucr ~~f the iai:urc on tht part of the Mortga6or to perform, comply w~ith and ab~de by each and rvery the sUpulet~ons, aErcemen~s, cond~hon~ rnd covenants o( said promissory note and th~s deed, or e~~her, and evrry such paymrm .hall brar mterest frum Jat~ a? the rate oi ten t 10"~l pet centum pcr annum. (v) It ~s further covenanted and asreed by sa~d parnes that in the event ot a suit bcros instituted to fureclosc this mrxtEase, thc ~t~x~- paee shaU be ent~Ued to applY at ar.y t~me pending such foreclosure suit to the court havina jurisdiction thereot for the appomtment nt a rece~rer of alt and ~m6ular the mort~a6ed property, and o[ aU rents, tncomes, prof~ts, issues and revenuca thereof, from rhstsoeccr soure~ d~nved; and thereupon it is hereby expressly covenanted and •sreed th~t the Court shall forthwith appoint such receiver w~th the usual powcrc and dutie~ of rec: irers in like casec; and s~id appointment shall be made by the rourt as a ma~ter of ~trict ngA[ t~~ the Mwt6a6ee, and without reference ~o the adeqwcp or inadeqwcr o( the ralue of the property hereby mmt`aged, a to the xolvency • or insolrency uf the Mortsa`ors or any other party de(endant to such su~t. The A1ort;a6ot hereby spec~f~cally waives the nght to oh~ect ~ to the appantment of a receiver as a[otesaid and hereby expressly consents that such sppo~ntment sh¢II be made as rn admatted cqu~ty and aa a matter o( abcolcte ri6ht to the \lortgaget and that the same may be done withvut notice to the ~lortsagor. ~ (f) Jf tweclocure proceed~np should he instituted against lhe property covered by this morlsa6e upon any other lien or cla~m whether alle~ed to be supena or yuniw to the hen ot this mat~~~e, the Mort6a~ee may at h~s opt~on ~mmcd~ately upon imuwuon ut ~uch ,u~t w or dunnj the pendency therco( declarc tA~s mortaaEe and the ~ndebtedness sec~aed hereby due and payable forthv~uh and may at ii. ~ opiion proceed to foreclose th~s mortsaae. (~l That the Alortpacr w~ll keep a11 real and perscx~al property no~ ix heteafter encumbeted by the I~cn ut th~~ mort~c~ge in~ured a~ may F ~ ~ be requved (rom umt to time by the Mort6+E« ~B~~nst loss by fire, w~ndstam and other hazards, ca~ualues ~nd conungcnc~e. G~r w~h ; per~ods and tor not (ess than such amounts as m~y be required by the Mortsasee and to pay promptly when duc all prem~um~ frx such + ; 33 msurance. The amounr ot insur~nce reqwred by the NorisaRee shall be the min~mum amuunts fur wh~ch sa~d m~uuncc ~h~ll bc wnucn ~ and it shall be mcumbent upcr. the Mortpgot to ma~nq~n such addihonal msurance as may be necessar}~ to mcet anJ comply fully w ith ~ ys •11 co-~nsurance requ~rements contamed in said pol~c~es to the end that the sa~d Matga6a ~v not a co•~nsuror thereunder.~nsurance ~ shall be vrntten Ay a company or compan~es spproved or des~snated by the ~tort~agee and all pol~ues and reneiral. ~hcrcof ~ha11 be hclJ ~ by the Nwtp~ee. Al) detailed des~~nat~onc by the Atortga{er rrh~ch are accepted by the A1ort~asee and all a6reements between Mo~tgagor and Mort~adee relaUn~ !o msurance, no~r ea~shn6 or here~(ter madr, shall be in wrmn~ and sha11 be a part of ~h~s mortgagc asrecmcnt ~ as tully as thouah set fnrth verbaum heroin and shall 6orern both part~es hereto and their successors and ass~~n~. No I~en upon any ~~t ~ said pol~c~e. of m.urance ur upon •ny re(und or ~eturn premium whicA may be payable on ~he cancellahon or term~naUOn there~l, .hall ~g ~ be ~ren Io uther than the ~Iwt a ee, e:ce t b ro er endorsement a(fixed ~o such Lcy and a oved b ~1ort a ee. Fach o1~c of t ` d D Y D P Do DD~ Y B t P S ~ msunnce shall have affiaed thtreto a Standud New York ~lortsa~et Clause ruhout Con~r~buUOn, m~tmg all loti~ ur los+r> andcr .u~h = p~~~~Y D~Y~bI~ tu the !lfortpsee as its ~ntercst may appear. In the erent any sum or sums of money become payable tAertunder tAc \tnrt- } 1 jasee ~hall ha~e thr opt~cx~ to ?ece~ve and sppty the s~mt on aecount of the ~ndeAtedness he~eby secured, at to p~rm~t thc \tortg~R~>r ~ ~ tn recetvt and use or ar,y part thercof, r~thout theteDy waiv~n~ or ~mpaume any tqu~ty, Iten, ur n6ht undrr and by vutuc nt th~. Y ~ mort~a`e. In eYent o( loss u phyc~cal dameEe to the morteaged property the \lortgaEor shai)"E+~~ ~n.r+cd~atr nut~~r thcrruf by :^a~i t~~ ~ ~ tht \turlRa~it ~ Iht ~1.x1Ra~trt mey makc pr~~,~f ~~1 7~,.. if :hc camc nm madc prumpllY h~ th[ \1~>rt~aK~x. In c.~•m ~.t t~ai~:~•.ur, a ~/11~ ~~+~II lifp< ~ w~ i ~ s 3 s~.r :ti _ ~ _ . _ ~ .