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Home My WebLink About1198 t , j ; PROVIDE(l, Al_VYAYS. that if Ihe Slurtgagor shall pay unto the \k~ttgagee the inJebtadn~ss ~v~~rnr~J hy a cettain prum~ssory notr ~•f which the tullow•ing in words and fitures is a trur cupy to-w~t: - ~dyF~~R~C i 1. 550.~0 Miamii Florid. Februar9 28th 19~ FOR VALUE RECEIVED I pwmese to pay to the oeder o! ALAN D. CALDERON aIId D.~dAE C ALD~RON , his w~ f e the p~ncipal sum o[ OIIe ThOU88ad F1ve HuIIdI`ed F1fty a11d NO/100DOL1.ARS, to6ether with interest theceon [tom date a1 the ate ot ten percent, per ae~um until maturity, both principal and i~terat beina payabk in IaM[ul money o~ the United States at 2244 Biecayne Blvd., Miami, Fbcida. oe ~t ench other plaoe as the hdden hereot may daignate in ~.ritin6. Principal and intecest payabk in installmenb ar fdlorus: Forty(~40.00) Dollare per month, beginning on the 15th d~y of April, 1970, ~ and continuing on the 15th dey or each and every moath thereafter until paid in Pull. • This note msy be prepaid in whole or in part ~fter one yeu from t6e date hereof upon payment of a penalty equivalent to five percent of ttie principal sum ptepaid. - Each installment payment shall be credited first on the inteceet due. and the remainder on principal; and i~tercat ~haU the~r- upon cease upon lhe pnncipal ao ctedited. _ ~ The makera snd cndwsers of this note further a~ee to waive demand, notice oI noa•payment and proteat, and in the eve~t euit ~ ahall be bmught for the collection haeoE, oc the eame has to be ~Ilected upoa demand oE an attorney, c~ wr ~a«~y a feea [or maki~g such cdlection. Defened paymeota herennder ehall beu interest at the tate of te~ peccent per annum fwm maturity until paid. ; This note is eea~red by a mort~e'of eve~ d~te hucr?ith and is to be conetrued and enforced scaording to the la~rs of the State o[ Florida; npon defwh in the p~? f pri~ipat andlor intaeat wf~ee dne, the ~rhde aum ot pnncipal and inte~eat ; rem~iain6 n~aid sha11, ~t the opt~ia~ of es, beoome inuaediat~dp dne and pnrabla • ~ (SEAL) i t PrePred b~r Spieler di Ta~rieb, Anoe~ey. - 2240 Bia~we ~vd-. MLmi, Plorida ~~~L) ~ ar.d shall perfurm, comply w~th and abide by each and every the stipulations, agreements, conditions and cove- ; nants of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be null an.~ void. ' 1. The ~lortgagor hereb~~ cavenants and agrees~ ~ (a) To pay all arM ~~ngu!ar the p~nc~pal and interc~t and utAer sums o( money payable b}• v~rtue o( sa~d prom~.sory note and tA~s deed, or e~tAer, promp~ly oe the days rtapectivcly the same severally becomes due. lb1 To perm~t, cumm~t or su((et no waste a~d to maintam the ~mprovemcnts at a11 hmes in a st~tt a( Ew~J repair anJ cunJeUix~, and to { do or perm~t to k~ y~one tu sa~d prem~sos noth~na that +~~11 alter or chanae tt~e use and chatacter ot .a~d {xoper~y or ~n any way ~mpau or ~ w•eaken the secunty o( this murt~ase. And in case of the rofusal, neQlect or inebilitp of the Mort6a6or to repair and ma~ntain said proper. ty, the Mortpsee m~y, at his ope~en, ma~e suth repairs or caucc the same to be aude, and advance moneys in that behal(. ~ (c) To psy all and sm~ular the ta:es, assessments, levies, Iiab~lities, and oblipuons o( every nature on said descnbed property each ~ and everr vhew due snd payable according to law, be(ate they become delinQutnt, and lo deliver to the Mort6aEee pn or beforc Narch ISth of each year taa receipl~ evidencins the payment ot all la+•tully ~mposed taxes for the preced~ne calendar year; to indemr.ify the t \tat~asee upon his demand for all taxes, asseccments and char`es that may be assessed upon this mort~a`e on the ~ndebtedntc, v•- ~ cured hereby, and paid by the mortaasee, without re6ard to any law heretofore eoacted a herea(ter [o be enacted ~mpos~ns ~ayment of ~ the vhole a any ~art thereuf upon the Afurtgasee. ; ; (dl Tu pay all and +~n`ular 1he to+ts, chu6es and expenses, ~ncludmg lawyers' fees and abvtract cuctc roasonably ~ncurred or paid at E any hme by ~hc A1~w~Ea~tre betauvt of ~he ta~lure uo ~h~ patt of ihe MortEa6or !o petform, comply rvith and abide by tach and cvery the ~ sUpulst~ons, a6reements, cond~uons and cuvenynts ot said promissory note and th~s deed, or e~~her, and e~•eq• sach~~uymen~ cAall t~car ~ ~n~ercs: [rom Jate at the rate of tcn (10°•) per cen~um per annum. ' ~ (e1 It is turlher coser.anted aad atreed by caid parues Ihat in !he erent of a suit being ~nsututed to (aeclose this mMtgase, the ~I.xi- - sa~ee chall be entilled to apply at any time pendina such foreclosure suit to the court havin~ junsdiction thereof fa tht appo~ntment ~ o( a rece~ver of all and sinsular the m«tsaeed property, and of all rents, mcames, pro(rts, issues and revenues thereof, from .hat~oever sou~ce derired; and thereupon ~t ia hereby expreasly covenanted and ~~reed that the Court sAall torthwith appo~nt such rece~.er w~th the usual po~rerc and duties ot receivers in like c~se~; and s~id appointment shall be made by t6e court as a matter o( strict r~aht ~u ~ the Nortaaset, and vithout rcterence to the adequacy or inadeqwcy of the vafue ot the property kereby matt~aeJ, or to the colvency v or ~nsolvency ut the Mrntsa~as or any other party defendant to such su~t. The Alortp~a hereby spec~tically vraives thc nght to ob~ect ; a to the appomtmem of a receiver aa a(oresa~d and hcreby taptessly consents that such appointmem shall bt madt as an adm~ttcd .quity ' ~ and as a~atter of absolute ci6lft to the Mortsa~ce and that the aame may be done vrithout notice to the ~1ort~a`or. ~ (t) jf foreclosure ~proceedinw should Me instituted a`ainst tht ptoperty covered by this mortasse upon any other lien or cla~m ~het~e~ ~ alle~ed to be superior or junior to the hen o( this matpfe, the Mortjasee may at his opuon immed~ately upon inst~tut~an of .uch suu ex duri~~ thr ptndency thereo( declare this m~taose and tht indebtedness secured hereby due and payable Icxthw~th and may at ~t. y opt~on proceed to foreclose this mortaast. ~ ~ That the MortpEor will keep all real and pe~sonal property nov at hereafur encumbereA by !he lien of th~s moitg~6c in~uted a~ may ~ be reQuired from time !o time bp the tNort6a`te ssa~nct loss by fire, w-~ndsiorm and other hatards, caswlue+ and conUnEenue+ G~r ~u~h per~ods and ia not less thaa auch amounls a~ msy be rcqu~red by the Morl~a~ee and to pay promptly when due all prem~ums f~x such ~ ~nsur~nce. The amounts of in~ur~nce required by the Mw~aagee shall be the mimmum smounts for rh~ch sa~d msunnce sh~ll br rnttee and it shall be incumbrnt upon the Alortaagor lo m~intain such add~UOnal ~nsurance as may be nece~sary to meet and tomply (ully v~ith all co-~nsurance reqwrements contaiqed ~n said poi~ciec to the end that ;the ssid Mat~aaot ~s no~ a co-msuror thereunder.lnsurance ~ shalt be wr~tten by a company a compaaies approved or des~inated by the Moc~a~ee ar.d all policies and renevral. thereot tihall Ae Aeld ~ by the Mwt6a~ee. All det~~led deci~n~uons by the Mortaasor which are accepted by the Mort`:`ee and all aareementc bet~een Nor~`a~or and Mori~a6ee rel~hnR to ~nsw~nce, nor ea,stin6 or hero~Uer made, shall be in rnt~~s and shall be a put ot th~s mou6ase a~rcc~ent ~ as (ully a~ thoueh ses t«th rerbatsm hercin and shall ~ovun both parties hereto and their successors and assi6ns. No I~en upon any „i said policies of ~nsuronce or upon sny re(und or ~eturn premium +rhich may be payable on the c~ncellauon a termmat~on eAereof, .hall be siven tu o~her ~han the Mwt~agee, e:cept by proper endorsement af(iaeA to such pol~cy and approved by Mortaa6ee. Each pol~cy ~~t r~ ~nsurance shall have a(fiaed theteto a Standard New York Nortp~ee Claust w~thout Contnbution, makina all losc cx lossc~ undcr .ueh poLcy payable to the ~fonassee as ~ts m~erut msy appear. In the eveet any sum or sums o[ money become Payable ~hercunJer the ~t~~rt- ~ Ea~ee shatl have the opt~on to receive and ~pply the s~me on accomt of the indebtedq:ss hereby secured, w to pc~m~t thr \lortprR~~~ to receive rnd uxe ~r, er any part thereo(, without thereby ~~a~vm~ or impa~rma any eyu~~y, li~n, or nsht unJrr and 'n~ vir~uc r~f th~. ~u : ~ mptpee. (n event o~~,;;;s or,physical dama6c to the mwt~ased propetty the \1o~ISaEw shall 6ive ,mmeJ~atc nuucc tBercof by ~.~1 t~~ ~ , the A1ortRa(tcr anJ ~he \,uttRaR~e mey makr pro„( o{ lo.. ~t ~F.e camc nnt madc promptlY h)' the ~1,~rtga~e~K. In ctirm ~d t~ re~ I~•.urc ~.f ~ _ , j~ i ` D~OX f I{UC ~ - . - - ~ - = . . _ _ _ . - ~i~ :s~_