The URL can be used to link to this page

Home My WebLink About1201 , ~ PRO~'IDEl1, ALWAYS. Ihat if ~he \lurtgagor shall pay unto the ~k~rtgagec thr ~nJebtedne~~ rv~JenrcJ hy a cettaio prum~ssoty outt of wh~ch the fullov?ing in w~~rds and figur~s ~s a ttut cupy to-Nit: ~ 1~ 350.00 Miami, Flocida Februarv 28th 19 F.,. ~ FOR VALUF. RECEIVBD I pcomiee to iy o the order oE NAT FRIF ari , . ~;~~~pal ~,m ot One Thousand Three Hundred Fifty and No/100oI.LARS. co~ch~~ w~~h t ereon irom date at the nte oI ten percent, per annum until matntity, botb principd and interest bein6 payable in lawful money of the United States at 2Z44 Biscayne Bbd., Miami, Floeida, o~ at snch othee pl~oe a~ the holden heno! m~y daianate in writin~. Pri~cipal and interest payabk in inataliments r folloMS: Fifty (~50.00) Dollare per month, beginniag on the 15th De~y of April, 19?0, ead continuing on the 15th day o2' each and every month thereafter until paid in full. This note may be prepaid in whole a in patt a[ter one yeu from t6e date hereoP upon payment of a penalty equivalent to five percent of the principal sam pcepaid. Eac6 installment payment shail be ce~edited Cuat on the intereat due, and the remainder on principal; and intereat shall therc- upon cease upon the p~ncipal ao ccedited. , The makers and endorsers oE this note further agree to waive demand, notice of non-payment and pmtest, and in the event euit ~hall be brought for the colicetion hereof, or the eame has to be coUected upon demand of an attomey, to pay reaaonaWe attocnry's [eess [or making sueh cdleetion. Defe~red payments hereunder ahall bear i~terest at the rate of ten pec~xnt per annum from maturity until paid. u Thie note is sea~rsd a mort~e~o[ evea d~te huewith ~a/nd is to be conetrued and eafoe+oed accordin~ to the laws of State of Florida; npon ~It in the~ QIEpt OI pl111CI~I a11qOf 1/ILE('E6t MhEp /~11C, ~the ~rhde enm d pnncipal and 'm t'Etlltlflqlg 1111`1~If~ ~IE Optl00 OI WE ~dEt'~ bECO111E I~~I dUE ~~Ii~E. ' . ~ a ~ (SEAL) ~ . Ptewred bp Spiekt ~ Ta~dtieh. Anornr~s - Z2~W Biwfwe Mi~ai. Flarid. , ~~~L) ao.! shalt perf„rm, cumpl~~ with and abide by each and every the stipulations, agreements, conditions and co~•e- ~ nants of said promissury ~ote and of this dced, then this deed and the estate thereby created shaU cease and be nutl and void. . ~ ! 1. The !~brtgagor hereby covenant~ and agrees: f ~i la) To pay all and ~~nEular the p~ncipai and intcrest and other sums of montY Dayable by vrtwe o( said promu;sory note anJ this ! dred, or e~tder, promptty on the days respectively the same severally becanes due. i A (b) To perm~t, cartw~t or su((er no raste a~d to mamta~n ~he ~mprovements at all hmes in a stale of good eepa~r and cundu~un, and to do or perm~~ M Nc Jone tu sa~d prem~src noth~na that rill xlter or chang~ ihe use and charactet of sa~d property ar in any way ~mpait or ` vreaken tfie securAy of this mort6a6e. And m east of the refacal, nealect or ~nabtiity of the Mortgaaor to repair and maintam said proper- ~ cy, ~At MatqRee may, a~ his opt~ort. make such repaus or cause the same to be made, and advance moneys m thst behal(. ~ (c1 To pay all and x~n~ular the hxes, assessments, levits, 5ab~lities, and obliptions of every mture on ca~d descnhed pro~+erty cach i and every when due and paya?le accord~n~ to IaM, befote they becotoe ~ielinquent, and to del~vtr to the MortgaEte on or bcforc March ~ ISth o( e~cA year taa receipts endencmg the paYment of all lawfully imposed taxes for the precedina calendu year, to indemnefy the 111«t~a~ee upon his demand (a all taaes, asses.mentc and charses that may be assessed upoo this mortEa6e on the indebtedaec~ ~ cured hereby, and pa~d by 1he mortEa6ee, a~thew~ tesard to any la~r heretofore enacted or hereafter ~o be enacted impos~ng ~ayment o: ~ the rhole cu anv, vrt thereof upoo the Aturt6a6te. ~ e ~ ~ (d) Tu pay ell rnd s~naular the cwts, ehu6es and e~pensec, including larryers' fets and abvtract costs reasonably mcurrcd or paid at ~ any t~me by ~hr Al~•rtEaEee becau.e of the (a~Iure on tht part of the Mort~ta~or to {+erform, comply W~th and ats~de by cach and ecery tAe ~ st~pulai~ons, asreements, condition. and covenants ot xa~d prumissory note and this deed, or either, and every such~paymen~ shall Fnar ~mcrest fr~~m date a~ tne rate of trn UO`bl per cen~um per annum. ~ tet It ic furthtr covenanted and agreed bp said part~es that ~n the e~ent of a suit brtng ~nstiluted to fixeclose this mortRasc, thc ~1Mt- ~ s~jee shsil be enii~ied to apply at any ~ime pertd~n6 such torecloswt suit to tht court harins junsdichon thereot fa the appointmen~ ~ o( a receiver o( all and sinsular the mortga6ed property, and ot all renls, incomes. profits, issuea ~nd revenues lhereof, from w•hatnoercr ~ source derived; and theroupon tit is hereDy expressly covenanted and ~~reed that the Coutt shall furth,rith appmnt .uch receiver rnh the uswl powers and duties ot receivers in like usea: and s~id appointe~ent shall be made by !he court as a matter o( stnct nsht ~ the ~lataa~ee, and veithout re(erence to the adequacy or inadeqwcy ot the value ot the property hereby mwt6aaed, or tu the selvcncy ur insolvency o! the ~tortsa~ors or any othet parry defendant to such sa~t. The lNmtsa~ot hereby spec~fically vraives the r~ght ro uh~ret ~ ro ?he appoiniment of a rece~vee e~ atoresaid and hereby eipessly consen~s tAat such appo~ntment shall be made as an adm~ucd cqu~!y and as a matter of abco{ute ri6ht to tAt Mocteasee and thst the aame msy be done w~~thout notice to the ~turt6agot. ~ ; (f) Jf'o.cctosure proceedin~s should be instiwted apinst the property covered by th~s mortga;e upon any other I~en or i1a~m whether ~ alle~ed to be superior or junior to the hen ot this mort{a~e, 1he Irlat~a~ee eoay at Aia option immedutely upon msuwuun o( >uch .u~t or durinj ~he pendency thereo! deciarc th~s mor~a~~e and the indeotedness secured hereby due ard payabie tnrthM~th an~ may ~t opt~c,n proceed to faeclo~e this mort~ase. That the ~tortp~or will keep all real and personal property nor a hereafter encumbered by the I~en of :hi1 mortg.`e ~n~urcd as may h~ requircd from umt to time by the 1lottgaaee igam~t loss Dy fue, windstam and other haZarJs, casualuea and ~ nMmEenur+ (or weh 'penods and (or not less thsn such aaaunts as may be reqwred by ~he Mor~p~ee and to pay promptly rhen due all p~em~ums inr such ~asurance. 7he amounu of inaurance required by the lNort~a6ee s6all be the mimmum amounts for ~h~ch sa~d msunnce shrll Ac vn~tcn and it shalt be ~ncumbent uyon the MortsaEar to mamtain such addiuonal insurance as may be necessary to meet and comp!y fully w~th all cwiosuance ~equ~temee~c contained m saed poLaec to the e[~d that the said Mortsa~at ~s not a co.~nsuror thereundc~.lnsurance ~ ahall be w+nttee by a coa~psny nr coenpaniea spproved a des~~nated by the Mort~a~ee and all pol~cies and reneWaic thercof .h.ll be heiJ by the !?fMt6~`ee. Att detailed des~~nat~ons by the Mort;a6ot wh~ch are accepted by the Mortpsee snd all aareemeMs betwecn ~1~>rt~a~or and Mort~atee relatm` to insur~nce, no~ ex~sun~ ot here~[ter made, shall be in w~rum~ and shall be a p.rr ot th~s mortga6c aRreemen! as fully as thouah ae: forth vetbaum hereie and shall 6ovem both psrties hereto and their successots and assisn.. No I~en upon any ~.f i; s~id policu. n( incurance or upon any re(und or retum ptemium wrhich may be payable on the unceUstion or termma~~on thereof, .halt ;3 be s~ven to other than the Mortsaace, eacept by proper endorsement a(f~xed to such pol~cy and appo~ed by Mat6a~ee. Each pol~cy nf insurancc shall have at(iaed thercto a 5undud Ye~r York Mor~~asee Cl~use ~rrthout Contr~bution, makin~ a11 loss or lossc+ unJer ~uch - policy payable t~~ the titortpsee .s ~ts interest may appear. In the event any sum or ~ucRS of money becoma payable lhereunder ~hc \lurt- fi~ piee shsll have the option to receire and apply tht same on aecount of the mdebudness hereby cecured, a to permit the ~t~rtgap~n ~ to receivt and ust u, or any part thereo(, rithuut therebr v~aiv~n~ M~mpaitina any equ~ty, I~en, or n~ht unJr~ and br ~:irtuc ~~t thi. ~ malsa~e. !n evrnl of loss ~x physical damaRe to tAe mort`ascd property the Atortda~or sAall ~ire ~mmcJiate not~cc thcrco( by :rael t•~ Ihe \1~xtRaRcr .~nJ thc '.1ortK~grc may make pn~nf of In.. if thc ~amc ~c rn~ madc prumptlv b~• the \for.g,~:.ir. ~n r~rni ~~f !~~re~l~•~ure ~~f ~ . h , • V ~ ~ V V rM/C ~F~I V - ~QQK ° y; - _ ,k ; - _ . _ . . . . -