HomeMy WebLinkAbout0775 pulicie~: und n•n~'Mill~ lh~•n•uf ~I1:lII IN• 1?~•Id by Ihe \lu~tgagre. :~II detailed de:i~~aliun. by the ~lurtg-agor M~hich arr accrptrd by thr
\lu~tgagrr. ~nJ ali u;;r~•~•nu•nl. IN•lNrru \turtg:~o~ anJ \lurtgage~ ~lating tu in.urance, noM~ ~•xi~tin~ o~ hereafter maJe,ahall be in
writing and Jial) IN• part uf thi: tnorl;a~r :~r.ymrnt a, fully as thuugl~ ~t (orU~ vr~batiro herrin and shali go~-rrn bc~th partir.
hrn to and Ihrir w~•~v :~~~n and a::ign~. \o lien upun anY o[ raid pulirics af inrurancr or u~n any refynd or r+eturn prrmium which
ma~~ lir pa~ al?1~• un Ih~• ~•~~i•rllatic~n or t~•rminatiun thr~cruf, shal! be giYen to uther Ihan thr 1lurtg~er, cxcepl b~~ pruper rndonr-
rnen: 8rr.,~~i ,~n•!~ F~ali~•y and appru~~•d by ~lortgage+e. F ach F,olic~~ of inwrancr J~all haxr affix~d tiirrrto a~tanJard New ~ork ~
11url~a~~•~• I:lau~• Nitl?uut l:ontribuliun, making all lu+~ or los..es under surh polir}' pa~~able to the \lortgagrr as its interest may
aj~~N•sr. In th~• ~•~~•ut an~ ~um ur wm~ u[ mon~•} 1?ecome payaLle therrunder thr ~lurtga~e ~hall have the yptiun to crceive and
appl~ th~~ ~in~• ~~n a~•counl of th~ indrbtedne.. hereb~• ~ecurrd.~x lo ~xrmit lh~ ~lurlgagur to mreive and uw it.ot any pazt thrrruf,
Nitl~uul th~•n•by wai~ing or in~pairing any ryuity, lien, or right under and by ~•irtue of thu morlga~;e. ln r.~•r~t of Ia~ ~u pl~yvca! ~
dama~~• tu tlu• ~nortgr.~?rd praperty Ihe lfortgagur ~i~ail give immrdiatr notice therruf b~~ n~ail to thr ~lvrtgagee and thP 1lortgags~r #
ma? mxke proo( uf lu+.c ii the same i, not tnade proroptly F?y tFu• ~lortg:~or. !n e~~ent of fomela•um of this mortgage or other i
wsa transfer uf title to the ~nurig:~d pr+uperty in extinguiJ~mr.nt of thr indrbtcdnr:~ ~un-d hemLy, all right, litle and intc~st of the
1lortg.~or in and 1o any i~~wranc~ policies then in forcr shall pa.~+ t~ the purchav~r or grantrr.
(h) Tu ~?rrform, comply Nitl~ and abidr by ~~ach and rv.•n~ the stipulatiuns, :~grrrmrnls, conditiunr and covenan4, in'said promis- i
~ury• nute and in this dPed set [cxth.
(i) That if any of ~aid ~unr uf mune~~ h~rein m[rrn~d tu i~e ncit pru~npdy~ :u~d full~~ paid within twenty (20~ day.
next after the ~ame .r~~erally beeomcs due arid pa~•ablr, or if Fach ai~d every thF sti~~e~lation•, agrermrnt~, ronditiom and corrnant~
of said pmmis.~a~r~• note and lhis d~rd, ex eitlier, are n~~t fully perfunned, com~~lird with and aLided b~•, or i[ paymrn4• are alluwed
to becume delinqurnt tmem am• prior Pncuwnhrance affecting the prc?perty herrin cuncerned, the .aid a~egate sum mentionrd in
•aid promi+~ory note J~all becomr due and payable forthwith ur d~rtcaftrr at thr uption of the ~lortgagee a:. fully and complelely
a: if thc said aggrrgatc ~um of ~aid promi:u?ry note wa. originalh- ~tipulated to tk paid un such da}~, anything in •aid promi.~r~-
nutc or hennin to br conlrary uolwithstand~g.
(j) that in ord~•r to accelerat~• the maturit~• of thr indebtrdne.. herrby ~~cured, bi~•au~e ot the failure of the ~lortgagur to pay an}'
tax, a:.v~::m~~nt, (iabilit~•, ol?ligalion or rncumbrance upon said pruperty~, a• herein prorided, it :l~al) nut be nrei:.~an~ ur requi:itP _
tl~at thc nwrtg:~ee ~I~all fint pay tl~e sar~~e. -
The 1lurtrar,~re may, at lii optiun, and withuut waiving hi• righ[ ta accclrrate thr indebl~•dn~:~ hen~b~~ secured and to forr-
~~lu~• tLe sam~•, pay eith~•r t~rfore or a[ter delinquency any ot all of tho.e certain ol~ligation. rrquired b~- the ter~n. he~cuf tu be paid b~~
th~• ~lurtgagur fur the protectiun uf the mortgage •ecurih~ or for the coUcetioh uf the indeLtedne~. hereb~- ~ecumd. Al) ~um. ad-
~:~nc~•d ur paid b~• th~• ~lorlg~e~~ ~t~all !?e charged into d~e murtgage account and brcome an intrgr-al part Qierrof, subject in all re~prct~
t~~ thr tenn:, condition:, and covenanls of thr afore~aid promia~ory notr, and tl~is n?ortgage, a, [uli~- and to the ~amr extent as thougl~
part uf tl~e uri~enal in~btrdne:. NviJ~•nced by •aid uote and ~ecumd by thi+ mortgage, excepting how•ever, tliat said w~nc .?~~1 be
n~paid the ~lortg:igre forthwith u~wn its Jemand and t?e in addition to the regular monlhl~• u~stalln?ents prrn~ided 6~• the_uwrtgage note.
:i. 7ltat thr al?sUact or aL:tracts oE fitle ~•ocering the mortgaged propert~- ~{~all at all timea, during the life of this mortgage,
rrrtfain in pu.:r..ion of thr ~lortga~,~~r and in event of 1hr [oreclosure of this mortgage or o±her tran~fer o[ tille to lhe mortgaged
~~ruE~ert~' in extingui~iinu•11~ OI IIIP II1lIPIlII'I~DP.SS Y~CUMI~ IIPfPII}', a1) tigl~t,_ title and interest af lhe ~tortgagor in and to am= ~uch aL-
~tract~ of title :hal) pa.~ to the pureha.~er tx grantee.
t. To the extent of lhe indrbtrdnF:.c o( tii~r ~lortgagor to the ~tortgagee drs~•ril?ed hetein or secured hereb~•, the \tortga~•ee is
h~~reM• ~ubrogated to the licn or licns a»d to the righ~~ o[ the owne~ and holden thcrcof of cach and evcry• morigage, iien or c,ther
in~vmbrance on the land de•crif?ed herein Nhic6 i+ pa~d and/or sati;fird, in w•twle or in part, vut of the proceeds of the loan de.~crit?ed
i~~•rein or srcured h~reby, and thc re..pectivP lien• of .aid mortgages, licns o~
ot?~er i»cumbrances, shall be and Ihe same and each of
th~•ni hrreby is prewn•ed and J~all pa.: to aad M• held L~• the ~lortgager hemin as securit~~ for the indebtedne~ to the ~lortgagee here-
in a:: s~•urity for the indebt~•dnec, to thc ~lortga~ee hcrein des~•rit~ed or hereby secured, to the same extent thal it would ha~~e been
~~r~ :.~•n•ed and w~oul~i has~~• I~een pa~~~~l to and tw•en h~td by the ~lortgagee had it lreen dol~• and reguiarl~• a.+•igned, transferred, ~et over,
and deln•Pmd ~mto thr ~lurl~a~ce by ~paratc dr~d of avignment, notwiQ~rtandin~ tl~e fact that lhe same may be .alisCed and cancel-
I~~d of rrcord, it twin~ the intention of thr parties liereto that the same wifl be ~atis6ed aiad cancelled o[ record b~• tfie Rolderr d~eteof
at or alxx~t the time of the recording of thi, mortgage.
S. ln the ~~rent the ownernl~ip of the murtgaecd premises, or any part thencof, becomes vested in a peraon other than ihe 11ott-
~~or, tlu• ~Ic~rira~e~• ~uay, w~ilhuut notic~ ta th~~ ~lortgagor, deal with ~e~ch succes.•or or :ucce~.ors in inter~est wi1l~ reference to this ~
~!+•~•d and the dFbt herrb~~ ;ecumd. in thr same manner as with the ~lortgagor without in any wa}• vitiating or discharging the ~lort-
~~~ur'• liabilitti herr~under or uf?un thr• debt hembi~ wcumd. \o .ale of the pn~misec hereby mortgaped and no forbearance on the part
~~f the ~!ortga~ce, and no ~•xlrn~ion o~ the time for the pa~~mPnt of the debt hereby ~,r.umd given by the ~lortgagee shall operate to
r~~lra.~, dischargP, modifr, chan~• or affe~•t ihe original liability of the \lortgagor herein either in whole or in part.
fi. The lien of tl~i. deed .rcurrs and .liall continue to secure payment of said indebtedne+~ or indebtedness, however e~idenced,
ti. hrtl~er by wid F~romi~wry note or any rrnewal or ~•xtemiun thereof or ~ubstitute therefor, or otherwise, until all wrh indebtedner,s
~hall have been (ully paid.
7. In the event d~e propert~~ encumbered b~~ thi; inortgage shall become involved in an~ condemnation proceedings, the hoider
~,f this mortgagF shall Lecome entitled to defend an} such action, and t6e title 6oider shall be tiable for att costs and attorney fees
incurred in connection with such defenw, the ~ame to be Cxed and set by the cundemnation jury, and tf~e holder of this mortgage ~
-hall be entitled to rereive any award made in sucl~ condemnation prceeedings f~x the pruperty taken, such sum when paid to be
appleed to a reduction of the ?nortgage indebtedness.
8. The holder of this mortgage agne~:~ to promptly~ furnish upon thP wretten requeet of the mortgagor, his heir~ or assigns, or
attorney, a~tatemer~t in writing of the principa) balance d~e upon this mort~,~age, as of any specified date.
. e erms : ur agor an ur agee w enever u~~rUr~t~tr
~uc~ec~or.~ and as,~igns of the respecti~•e parties hereto. Wherever used the singular number r.hall include the plura) and the plural the
~ingular, and the use o[ any gender shall includP al) gender~. ;
!0. This is a purehase Money First mortgage upon the above described property.
1\ 1~'IT~iESS WHEREOF, the said ~iortgagor s hereunder seQ[ thei7C hantBand seal5at 1liami, Dade
(:ount7- F7orida, _ the day and year first above written.
~igned, r.ealed a d delivered '
in t6e n e . TER .
(~a1)
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lZ2T ~-eo t~;~ -
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