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Home My WebLink About2756 f . / \ ` _ 1 { PROVIDEn, ALWAYS. that if the ~brtga`or shall pay unto ~he !ti{ort=aEee the indebtedness evidenced by a ~ cectain promissay note of which the followint i~ words and ti`ures is a true copy tawit: • ~ ~dyt~~L ~~OrG _~0.00 Miami, ~1«id,~ebruary 7th ~q 70 FOR VALUE RECEIVED We, 3ointly and severally prumiee to pay ~ to the orde~ of the principai aum ofl'hree ThOUSa11d F3.ve Hundred ty 8II O LLARS, together with int~rest. thcreon Ecom date at the ate o[ te~ peccent, pe~ annum unW maturity, both principal and interest being payabk in lawful moncy o( the United States at 2244 Biacayne Blvd., Miami, Florida, or at ~uch other pi~ce a~ the holders hereo! mn? designate in writin~. Principal ~nd intereat payabk in inetailmenta as fdlows: Sixty (860.00) Dollare per month, for•aixty (60) consecutive monthe, oa the 15th da~y of each and every month, beginning on the 15th de~y of April, 19?0, and continuing until the 15th d~r of April, 1975, at which time the balance shall become due and p~rable. This note may be prepaid in whole or in part after oae year from the date hereof upon payment of a penalty equivale~t ' co five percent of the principal sum prepaid. Each installment payment ahall be credited first on the intereat due, ~nd the remainder on principal; and iMerest shdi there- upon cease upon the principal so credited. ; The makers and endorsers of this note Eurther agree to waive demand, notice of non•payment and proteat, and in the event suit shall be bmugfit for the collection hereof, or the eame has to be collected upon demand oi an attomey, to pay reaeonabk attorney'a , fec~ for making such cdlection. Deferred paymenta hereunder ahall bear inte~eat at the ate of ten perccnt pe.~ annum fw~n nuturity until paid. ~ Thia note is eecured by a mort~e of even d~te heee~?ith md ia to be construed and enfoe~ced according to the lawa of ! . State of Floridr upon def~lt in thepa yme~t of principd andlor intueet when due, the whde enm oI principii and inte ~ remzinina unpaid ehail, at the option of the holde~s, become immediately d payable. ' (SEAL) (SEAL) heparcd bp Spiekr d~ Ta~drid~. Attorner - ZZ40 Biaapne Bhd.. Mi~mi. and shall perform, comply with and abide by each and every the stipulations, agteements, conditions and cove- nants of said promissory note and of this deed. then this deed and the estate thereby create~ shail cease and be nuli and void. 1. The Mortgagor hereby covenants and agrees: j (a) To pay all and sinsul~r the prmc~pal snd intercst and other sumc of money payable by virwe o[ said pran.ssory note and this ~ deed, or eithcr, promptly on tAe dsys respec~ively the ~ame se~eraqy becomes due. ~ i (b) To permit, caenm~t or suf(er no rsste a~d to ma~nta~n the ~mproveme~ts at ail times in a state ot ~oad repair and condit~on, and to ~ do ar peroit to be daae to said premises oothin~ that ~~11 alter or cdu?~e the use and ch~racter ot said property or in any ray impair or i weaken Ihe secur~ty of lhis mort~a~e. And ia case ot the retusal, ne~iect or inability of the Mortsasor to repair and maintain said proper- ~ ty, the Mortpsee may, at his option, make such repairs or cause the same to be made, and adrance moaeys in that behalt. I ~ (c) To pay all and a~n~ular the taaes, assessments, leviea, liabilities, and obliptions ot every nature oe said desetibed property each and eveFY ~nen due snd payable accordin~ to law, before they becoo~e delinqueat, aod to delivu tL the Morl~a~ee on or before March ~ ISth of tach year ta: receipts evidencins the payment ot all la~(ully ~mposed ts:es (or.the precedins ealendar year; to indemn~(y the Mort{~~ee upon his demand ta all ta:ts, ssses~menta aod chsr~ea that may be assessed upon this mortaa~e on the indebtcdness s~- cured hereby, and paid by t6e oort~a~ee, rithout re~ard to any lav Aeretotore enacted or hereafter to be enacted imposins ~ayment o: ~ the vhole or any ~+art thereot upon the Mon~a~ee. ' (dl To pay all and sinaulsr the costs, char~es and expewses. includ~n~ la+ryers' fees and abstr~ct costs reasonably incurred nr paid at ~ any tiiee by the Matsa~ee because of tAe tailure on the p~rt ot tAe MortEaLor to peJfor~. comply with and abide by each and erery ~he r ~ at~pul~t~ons, a~reements, conditions and covenants ot said promissory note and this deed. or either, and every such'payment shalt be~r interest frae date at tAe rate of ten (!0`R) per centum per annwe. (e) lt is further corenanted and a~teed by sa~d part~es that in the event ot • suit beins instituted to toreclose this mortpae, the Mort- p~ee shall be eotitled to apply at ~ny time pendins suc6 faeclosure suit to l6e court havins jurisdiction tAeteof tor the appo~ntment of a receiver of all and aiaaular the mort~ased property. and ot sll tents, incomes. protits, iasues and revenues thereot, (raa vhatsoever source detived; aod thereupoe it is heteby eapreasly coven~nted and a~reed th~t tde Coutt shall fotthrith appoiat such receirer rith ~ the usual powera and duties of receivera in like cases; aod s~id appoiatment shall be made by the court as a matter of striet risht ~o ~ the Mortaasee. u~d vithout ~eference to tde sdeqwcy or inadeQu~cy of the value o( the property hereby mortp~ed. or to the solvency a insolvency ot the Mort~~~ors or any other par~y defendant to such suit. The Mortp~or hereby specific~lly raives tAe r~~h? ~o ob~ect ~ to tAe •ppointment of ~ receirer ~s aforesaid and hereby eapresaly crosents that such appointsent sh~ll be sade as an sdmitted eQuity ~nd ~s a m~tter of ~bsolute ri~At to d~e Mottp~ee and th~t t6e sae~e ~oay be done writhout notice to the Mortsa{:.r. ~ (f) It foreclosure proceedinp sAould be instiwted spinst the propcrty covered by this mortpse upoa any other lien or cla~m rhether ~ alle~ed to be superior or junioc to the liea ot this mort~a~e. the Mort~a~ee eeay at 6is optioe ieomediately upon institution ot ~uch su~t a d~rins We pendeeof thereof dettate this ewrtp~e ~nd Hu-indebtcdoess secuced hereby due ~n•3 payable fathwith and may at ~ts ' - option proeeed to (o~eclose this morta~~e. T6at We Irlort~a~or vil) keeP all rta) ~nd person~l propertr aov ot hereafter encumbered by i!?e lien ot this eeat{s~e ~nsured as may ~ be tequired ttow time to time py the Mort~~~ee ~{~inst Iws by fire, windstacm and other haurds, caswltiee and conun~encies tor such 3 ~ periodi and tot not leas t6u~ iucb •mounu as msy be required by the Mott~a~ee and to pay promptly when due ~11 prem~ums (a such ~ inaYru~ce. TAt ~sounu of insur~nce requited by Ne Mort{~aee s6a11 be the iaiaimum ~nouots fa vbich s~id insur~nce shall be vrrittcn ;3 and it shsll be incuabent upon ~he Mort~~sor to maintain auch addition~l insurance as may be necessary to meet and comply (ully vith ~II co-in~urance require~nent~ containeA in s~id policies to the eod that the sa~d Mortja~or is not a co-inswo~ thereunder.lnsurance shall be rritten by ~ co~p~nr or cospw~es spp~ovcd or desi{nated by the A{at~a{ee aad all policias and reoe~als thereot sAall be held by the Mortp~ee. All detailed desi~natioas by t!?e Mort{a~or vhich ue accepted br the Mort~~tee and all a~reesents betreen Mortp~or ; ~ad Mart~a{ee rel~tin~ to insurance, oo~r e:istias or bereJter oa~de, sball be in rritin~ and eh~ll be a part of ~his matp~e a~reement ~:a as (ully ai thoush set fortb ~erb~tim hereia and sh~l) ~overn botA patties Aereto and U?eir s~ccessors ~nd sssi~ns. No lien upon any of ui8 policies o( insurance or upan ~nr tefand a tttutn prtsium ~hieh m~y be pay~ble on the qaCell~tion or tere~iMtion thereof. shall ~ be ~iven to other than the Mortp{ee. tacept by ptopet endorse~ent a(f~aed to sucA policy ~nd approved by Mortp~ea Each poficy of - inaaaace sAall hare •tfiaed tAereto ~ Staod~rd Nev Ywt Mort ~ psee Clause vuhont Cooaibuuon. sukins all loss or losscs under such ~ OolitY WY~ple to the INortp{ee as its intereat msy ~p/~u. !s the eveot aer sum or sums of moner becotne P~Y~ble thereunder the Mort- ~aaee sh~ll have the option to receive and •pply ebe s~oe oa account of t6e ~adebtedness bereby secured. or to permit the Mort~aRor ~ to recei~t ~nd use it, or •nr part tlicreof, without ~te~y ~~ivin~ or impairin{ any eQuity. lien, or ti~At under and by v~rtue of th~a ~ ~ortµae. In erent of lo~s a phy~~cd dse*p'to'tAe ayased property the Mat{a~or shall ~i~e i~ruedi~te notice thereof by Rul to ~ the Mo~tp~ce and ihe Mor~~a~ce may make proot of losa i( the same ~s nol made p~«qptlr by the NWtja~at.~n event of faecl~wre of ~ . g~ ~.s~ ~z~5~. ~ - _ s : 3 r x_ u . ~ ~ _ - - _s__