HomeMy WebLinkAbout1785 PROVIDEI), AI.WAYS, that if the \1or~gagat shall pay unto the ~Mttgagee the ~nJebtednecs rvi~enc~J by a
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~ ~~fi[ICIf4lI :llltl IIII~'l. • ~I:~~..i~~l' 111 111~i:1~~lil~'1:~~ :ull .Wa:
~';~o-.:unc:red' (;:200.OG; ~.;_~.:_r~ ~er ~:.c.- - t::,:;; c~. ~:~t . _._c:.~.~
~ _7th day of aac:. ever;;~ _ ' or. ~:~c _ c_ .
- ;7~~ and contin~i: ~z _z~~ ~ ~ 5~= _ =`-~3 , r . - _
~ ' ..alance ~ shall becoWe ~~~e a :c : • f ~
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This note enay be pcepaid in whole o, yc p:~rt ai:er ~ne ,..at ?:c,.:. th~ date hereuf upon paymeni oi s;~n.. .;.~.~alcf~l ;
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t~ fi~•e percent ot the principal sun? prepaid. 1
Err!? i::~tatlr,?cut pa~-uient ~I~all br crrditrd tint on the intrrtst and ihe rcmainder on principal; a~?.i .nt •iaalf ti~rrr-
upo~~ r~~~~• upun thr Principal so cr~•dited. ~ i
"fhr iuakrn snd i•ndornrn u( tl~i: iwtc furiher aeree to waive demar,d. ~~uticc uf nun-~w~~m~rnt and prutr,i. ~.d • ti• nt •uit ~
~~i~.~ll br br~u~;i~t !or th~• ~ ull.•: tiuc~ hcrcof, or the same has to de coilected upon dcmand ut aa attorney, to p•ry n y~~. .rn~~'•
frr~ fur ~n:?l:ino stu h cullrrtiun.
(lrfrrrrd p~v~nrnt~ hrrruud~•r :hall brar interrst at dic ratt o: te:~ p~ :crnt pPr ~ u: :•l+:~unty until ~~:..i~.
+ 7~lii~ nutr~ i: secured t,y a utiurlo.~~e of even dale F:rn with and is tc ue cun:.:c~.r.1 an.! c.?iu~ced accurdi: ~ to . :~f e
~tate oi b~lorida; upon .~eisull ir~ the payment of pri:icipal sn.i~or :.,trr~:l rhe:? du~, ti~.- ..h..le sum of ici~ ..t~•r~ t t
rruwining unpaid ~hall. ~t the option of the noldCrs, krec:,me imrnede...~:y u;~ and payabie. ^ ~
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Yrcp.+red by ~pi. kr ~ rnd~ch, Attorneys -'3240 Buuyne E31vd., ~tiami, : lori:. _ j~
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ar~d ~hall perform, cumply with and abide by each and every the stipulations, agreements, conditions and cove-
nants of sa~d promissory note and of this deed, there this deed and the estate thereby created shall cease and be
null and void. -
l. The Mortgagor hereby co~~enants and agrees:
~ (a) Tu paY and .~n6ular ~he pr~nc~pal and cnterest and other sums o[ money payable by virtue of said prom~ssory note and th~s
! deed, or e~t~er, p~omplly on Ihe days respeC[~vcty [ne same se~eniiy oecomes oue.
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~ lb) To perm~t, comm~t or suffer no waste avd 1o ma~ntain the ~mprorements at afl umes in a state ot 6ood repa~r and cond~tion, and to
~ do oi permit to be done ~o sud premises nothm~ thst ~ill alter or eAanse the we and chacactet of said property or r~~ ~ _~r ~
k weaken ~he secunty of th~s awr~~ase. And in case of the retusal, ne~lect or iuability of the Mort~aaor to repair and maintain s~id proper-
y ty, the Martp~ee may, a~ his ophon, make such repairs or cauce the same to be made, and advance maneys in that behalf.
~ (c) To pay all and smsular the tues. asse~sments, lev~es, liabilities, and obliptions o( every natute on said described property each
~ and every wT+cu uut •l3 p.y.Gi2 at:"vru:.-.g :a ::M, ~c:.%t :`eY a=linqaent, and to delirer to the Mort~asee on a befo~e March
~ 15th of tath ytat taa receiptc ev~dencin6 the paymrnt ot all lax(ully ~mposed taxes for the precedin~ calendar year, to ~ndcmn~fy the
~ M«t~:~ee upon his demand (or all taxes, •ssescmontx and char~es tAat may be assessed upon this mortaase on the indeDtedness
~ cu~ed hereby, and paid by the m«~Rasee, without regard to any law heretofore en~cted a here~(ter to be enacted impos~n~ nayment ot
~ the Wdole or any ~ar~ thereof upon ~he Atortsa6ee.
(dl To pay all and sin`ular the costs. char~es and expenaes, includins laryers' [ees and abatract cocts reasonably incurred or paid at
~ any ume hy the lN~wt6a6ee because af the (a~lure on the part of the Morc~a~or to perform, comply s~th and ab~de by each and every the
~ scipulations, asreemenls, condition~ and covenants ot said pranissay note and this deed, or either, and every such~paymem sAall bear
~nterest t[om date at the rete of ten (10'L) per centum per annum.
~ (e) !t is fwther covenanted ~nd a~reed by said part~es that in the even~ o( a suit be~na msututed to (aeclese this mort6a~e, the Mort.
~ ~a~ee shall be entitled to apply at any time pendin~ euch toreclosure suit to the court havins jurisdiction thereof fa the appointment
of a rece~ver of all and sinsul~r thc mortea6ed property, and ot all rents, iexomes, profits, isaues and revenuea ~heteof, (rom rh~tsoc~er
~ source derived; and thereupon it is hereby expressly coveaanted and ~~teed th~t the Court shall torthwith appoint auch receiver ~~~h
the uswl powcrc and daues of receivers in Gke c~sea: snd said appoimment shall be made by the court ~s a matter of strict n~ht tu
~ the A{oc~pjee, and without rcference to the sdequacy or ~a~deQwcy o( the value o( the property hereby mort~s~ed, a to the solvency
~ or msolvency ot the Mat~a~ora or any other party defendant [o such suit. The Matp~ot heroby spec~f~c~lly waives the risht to ob~ect .
~ to the appointmen~ of a receiver u afaesaid ~nd hereby expressly cafsents thst ~uch sppo~ntment shall be made as an adm~tted cquity
and as a matter of sbsolute ri~ht to the Nort~a~ee and that the s~me may be done w~thout notice to the plorlsasor.
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~ (f) Jf foreclosure proceedm~s should be ins[ituted apinst the property covered by thie mortpse upoa any other hen or c1a~m whether
.s alle~cd to be supenor or junior to the hen ot tAls mortp~e. tMe Mortpsee may at his option immedutely upon ~nstiwuoo o( .uch swt
or durins the peedency thereof declare th~s mort`~6e and the~ indebtedness aecured hereby due and paya~le lorthw~th and may at ~t.
opt~o~ proceed to taeclose th~s mortsase.
- (s) TRat tMe Mortsa~or ~ilt keep a!1 real and personsl property no~ a herealter encumbtred by the I~en o( th~s mortgase ~nsured as may
be reQuired lrom time to time by the Mort~a`ee apmat toss by fue, r•~ndstwm and other huards, caswlt~e+ and conhnEenc~es fur such
per~ods and lor not les! than such amounts as may be requ~red Dy the Mortp~ee ~nd to pay pranp~ly when due all premiums tor such
~munnce. The amounts ot insurance required by the Mort~~~ee shall bt t6e m~mmum amounts (or ~h~ch sa~d ~nsunnce shall be wnnen
and it shali be ~ncu~r.bent upon the Mort~asor to mamtam such sddit~on~l iosurance as may be necrssuy to meet and comply fully W~th
all co-~nsurance requuements contamed ~n sud policies to the eM that the said Mortpjor ~s no~ a co-msurw thersunder.lnsurance
_ shsll be vntten by ~ company or companies approvcd or des~~n~ted by the Mat~a~ee and all pol~cies and renewalc thereo( shr1l ?x he1J
~ by the Matp~ee. All det~iled desi~na~~oos by the Mort~ator rhich are accepted by the Morip~ee and all asreements betWeen Mortp6or 1
E'= aed Mortq~ee rel~hn~ 1o insurance, nor e:~stin~ or hereafter made, shall be in vrritin~ and sh~ll be a part o( th~s mort6a~e a~reemen~
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as (ully as thou{h set (orth verbaum herein and shall ~overn both parties hereto and their successors and ass~~ns. No lien upon any of
said policiec o( msursnce ur upon any re(und or return prem~um rhich may be payable on the cancellat~on or termmat~on thereof, ~hstl
be ~~ven to o[her than 1he Mort~~~tee, eccept by proper endasement a(fixed to euch poficy and approved by Mort6a{ea FacA policy of
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msurance shall h~~e aff~aed tAereto a Standsrd New York Mort~a~ee Clause w~thout Contribut~on, makins •11 loss or los~cs under .uch
~ policy payal+le to Mc '.lortpsee as rts ~atercst may ~ppe~r. In the event any sum or sums ot money beeane p~yablt ~hereunder [he ~1on.
~aiee shall have lhr opl~on cv rective and apply the s~me on ~ecowu of the mdebtedness hereby secured, a to permit the Nort~aR~~•
~ to rec~re snd use rt, a any part thereo(, s~thoul Nereby Yaivin~ or impauin~ any equity, lien, or n~ht undcr and by tiutuc ot sh~.
~ mort~a6e. In e~cnt of I~ss or phys~cal damase to the mort~aaed proptrty the Mat~a~or sh~ll 6ivt ~mmed~ate nouce thercof b~ Ta,l t~~
~ tht ~1urtEa(tec .,nd ~hc Mort~a~tce may make pro.+f ~~1 :o.~ if the samc not madc promptly by the ~to~[ •g:f~, In cti ~ rc~i~~~urc ~~f
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