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Home My WebLink About0320 . . ~ ~ ~ PROVIDEn, ALWAYS, that if the `1ort~a~o~ shall pay unto the A1ott~asee the indebtedness ev~denced by a ~ : certain promissay note of which the followin~ in words and (i`ures is a ttue copy to-wit: _ ~ • i/(.dyGiG3~G i~~ k, 3, 375 • 00 il9iami, Florida February 12tY. 70 t~ s FC)It VAI.UE NF.CF.IVED We ~ j0'lritly and saverally p~umi.e tu pay ~ ~ w the urder of IiEi'~~ $~~,t~ T - ~togethe~ with ~ute~rrl the principal sum of 'I'ARE~; '1't U~ 1 1 - ~ then.wn [tom date at tl~e nte of !en percent. per annum until maturity. both principal and i~tereat being payable in lawful moucy uf q' tiir United 5tat~~x at '.','.'.•1~1 Iii.~caync Bivd., \liami, F~oriJa, or at auch othe~ place as the holde~s hcrcof may dcaignate in wriling. 1'rincipal and intcn~st payablc in inatallmcnts ass foll~~: , ~ 0 Dollars er month beginning on the 15th day of , Seventy-Five ($?5•0 ) p s Apri1,19?O,and continuing on the i5th aay o~ each and every month ` thereafter until paid in full. ~ ~ ~ ~ ~ This note may be ptepaid in whole or in part a[ter one yeac from the date hereof upon payment of, a penalty equivalent ~ ~ tu five percent of the principal sum prepaid. ~ Each installmr.~t payment shall be credited Crst on the interest due. and th~ remainde~ on principal; and interest shall therc- i upon rea~ upun the prinr.ipal so credited. . t Tl~e makera and endorsers of this noie further agree to waive demand, notice of non•payment and protcst, and in the evenl suit ^,I~all be brought foc the collection hereof, or the same has to be collected upon demand of an attorney, to pay rezwnable attorney's ' `~ees for making such coUeetion. ~ i ~ Deferrcd payments hereunde~ shall beu interest at the rate of ten percent per annum from malurity until paid. ~ i This note is r~ecured by a mortgage of even date herewith and is to be construed and enforced according to the laws f the • ~tate of Florida; upon default in thepa yment of principal a~dlor intenat when due, the whde sum of principal and i rest ~ rcmaining unpaid shall, at the option o f the holden, become immediately due and payable. ~ s ~ ~ (SEAL) ~ • : 1 =~7 G" G r._. L (SEAL) ~ ~ Prepued by Spieler & Tendrich. Attomeys - 2240 Biacayne Br~d.. Miami. and shall perkxm, comply with and abide by each and every the stipulations, agreements, conditions and cove- nants of said promissory note and oP t~ii~d~Ed,-~then-this-deed-a~-the-sstate-thcrebY create~ shell cesstend-be-- null and void. ' 1. The Mortfa~or hereby covenants and agrees; I (a) To pay all and s~n~ular the prineipal and ~nterest and other sums af money payable by rirws of said pran:ssory note and tD~s ~ deed, ar either, promptly on ~he days respectively the ~ame severally becaxs due. i (b) To per~~t, coma~t or suffcr no ~rsste and to ma~nqin t6e impTorements st •11 timts in a state of ~ood repair aed condit~on, and to ~ do or pensit to be do~e ~o sa~d 6remues noth~n~ thst will ~Iter or chsd~e tbe use and chuactet o( said property or io aoy waY impair or reaken_the secunty ot this mortpte. And in ease of the re(usal, n8~lect or inab~lity a~f the Mort~asor to tepair and maintain said ptopet- , ~ ty, the Yortp~ee may, at his opt~on, mate such repa~r~ or cause the saane to be eeade, and advance awneys in that behalt. ~ (c) To pay ~11 and s~nsular tAe ~~=es, assessments, leviel, li~b~lihes, and obliptiaos o( every aatute oe ~aid deseribed propetty each ` ' ~ ~ snd every fhee due and psyable accadia~ to Isw, bctare tbey becaee deliaq~ent. an8 to deliver to the Mortta~ee on a bet«e March ISth of eae6 reu taa teceipts erideacin~ Ihe psymsnt ot sll la~tully imposed tasea tar.tAaptecedin~ calendat year; to indemnify the t a Mort~~~ee upon ~Js demand for all ta=ea, asses~ments aod cdat~es that maY be aasessed upon this eqort~a~e on the indebtedness s~- ~ ewed heteby, and paid by tbt q~otti~tee, rithont ie~ard to ~ny Isv beretotate enacted a Aere~tter tobe enacted imposin~ payment of ~ the ~hole or any ~srt t6ereof upon the Mort~asee. , ~ par sll and a~nsulu the costs, ehar~es and expenaes, includ~n~ lavyers' tees and sbsu~et costs rusonably incurred ~ pa~d at ; ~ (d) To any tiarc by the Mortq~ee because o[ the f~ilure on the p~rt of the Mortjs~pr to perfam, cosply v~th and abidt by each and every the stipul~t~ons. ~~reearcnts, couditions and coven~nts ot ssid proaissory note uid this deed, or either, and every such'paymeat shatl bear ; iatt~esl fros date at the rate of ten (10~) per centu~ per annum. # ~ te1 ' v naated and a eed b said rtiet that in tAe event of • suit bein~ inatituted to faeclose t6ia matp~e. the Mora $ ~ p~ee sb~ll be eotiUed to apyly at aay tine pendin~ suc6 foreclosure suit to U?e court nns ~un ~cum cre a mc appo~n~sient - ~ of a receire~ of all and aie~ulu the mart~a~ed property, aad o( ~II rents, inca~es. profits. issues ~nd revenues thereot. from rhatsoerer source deri~ed: aod the~eupon it is hcreby e:preasly covenanted aad s:reed that the Cwrt sAsll fotthvitA ~p0oiet ~ucA teceiver +~~th F ; tbe uswl poaers and duties ot ~eceivers in like c~ses; aad s~id •ppointmeat shall be m~de by tbe court ~s a matter o( sttict ri~h~ to ~ ~ the Mort~asee, and v~thout re[ereoce to tde sdeqwcy or iaadeouacy of 16e ralue of 1he ptopertr hereby mort~a~ed. orto the eolrency ~ ~ w insolveeoy of the Mort~s{as or any o~her party detendaat to sucA suit. 7'de Mortpsor be[ebr specitic~llr vaires t6e ri~ht ~o ob~ect to the ~ppointeent of s receirer u~toreiaid aed hereby e:pressly consents t6at such •pyointoeet shall be usde as an ads~tted equity , ~ ~ed as s ae~tter oI ~bsolute ri~At to the Martq~ee aed that the swe may be done ritboat noti~e W tl~e Morti~~or. 5= (t) It foreclosure proceedia~s sAould be instituted aiainst tbe property covered by tdis sortja~e upoa anr other lien or claim whe~her ~ alk~ed to be superior a i~ior to tbe liee ot t6is sarW~e. the Mottu~te may at his optioe immediately upon mstitutioa ot ~ucb su~t oc duriet tht oeedeoer ~hereof declare this mortss~e •nd the iadebtedness sec~red hereby due and payablc tath.ith and may st ~~s ~ optioa proeeed to faetlose this morts~~e. ~ ~That tbe Mottp~ot rill keeo all rsal and personal ptopettr ao~ a hereafter encuwbeted by the lien ot this mort~a~e insured as msy oe ieq~i~td frt~ tia~e to ti*e by the Motlta~ee apinst loss br fire, w•~ndstorm and other h~aards~ ciswlties and cont~njencies (or such periods snd far not leas than auch amounts as m~r be reauired by the ?brt~a~ee and to p~Y proeptlY ~ben due all ptem~ums f« sucd : iasurence. TAe uoueta ot ioaiusnce required br tbe Morta~~et shill be t6~ minipum amoun~s (or which s~id ~nsurance shall be ~rritten ~ ~x aad it shsll be iacu~bent ~pon the Mbrt~~~a to mainqin auch ~dQitional ~nsuraace as may be necess~~Y ~o eieet and canply fully rith ~ F; •II co-iaaurance requiremeat~ containcd in said policies to tbe ead thst the sa~d Morlpia is ao1 ~ co•insuror thereunder.lnsurance _ a6~11 be ~rcittsa !r ~ co~pany or cospaaies approved qr desi~aated br the Mortaa~ee and sll policiea ~ad reoe~als thereo[ shall be Aeld br the I~lortptee. All de4iled deai~natiaas by the Mottaa~or ~h~ch ue accepted br the 11ort~~~et aad all aireeseats betreen R/ottta~or aod Mort~yee rel~tini to insunnce. omr esiatia~ o~ AeruRcr made. ahall be in writio~ ~nd sh~ll be a part of this mortp~e a~recment ~ u fully tAouih set torth ~erb~tnn here~a and ahall ~o~em both Osrt~es Aereto ~nd their successas ~nd assi~ns. No lien upo~ sny ot - a~id oolicies of insur~nce or upae anr retund or retun? prea~ius ~hieb reay be payabte on the c~neellation or tersinat~on thereof. shall pt ~ivsn to otber thaa tbe Mor~{aaee. e:eept br proper eodasement affiaed io such poliey and r~prorfd ~~loass~ee. Esch pol~cy of i~yur~nce rhall 6are ~f(iaed thereto s St~sd~rd Ne~ Yatk Mott+a~se Clsuse rr~tbout Coetribut~an. iitie~ all loss or losses under ~ucA r i~~t• Ie the event any swn o~ sums o( money becase oayable thereunder the ~lort- polier par•ble eo ~de Ma~psee as its iaterest sa a ys ~ piee shsll Mre the opuon to receive snd spply tbe s~~e oa ~ccount ot tht ~ade~tedness hertby secured, or to permit the Nort~sEor ~ to recci~e and use it, a~ny parl thereof, rithout INereby v~ivln~ o~ imp~irin~ •ny equ~ty. lien, ot ti~At under and by rutre of th~~ ~ eott~aae, Ln erent o( Iws or pAysical d~m~se to the isort{a~ed property tbe Mortp~or sh~ll ~ivt imsedi~te eotice therco/ by Riil to ; a= ~he Morta~~ee and ih'e Ma~p~ee may auke proot of loss if tAe same is not made promptly Oy the Mort~ts~a. In eren~ uf forecln+urc 0 R ~ P~ ~ 3 - 800K ~ - ~ k>`+` ~ . . ~ w - ~ " ~ ~ _ _ . ~ ~y~ ~ _ . ; ~ ~ Mr - . ~ nri ~ ~ 'q3 ~y'° ~ ^ `S Y' ~g~;s~"~`"°~,,.~.~~'~..,_.~ w. _ - r~ ~ ' ~~ra.K~ ~