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Home My WebLink About1851 . PROVIUEfI, Al_WAYS, Ihat, if the ~iurtgagor shall pay unto the ~iortgagre the indebtednr~s ~v~J~nc~d by a cetta~o promiasory note .~f which the foUowing in wi~rds and figures is a true c~~py taw~t ~d~ ( ~ 3100.00 ~tiami, Florida Piarch ? i~~,~Q~ FUN VAI,t1E RECEIVED '~te ~ ointl and severall promix co pa~ to e order ot THEODORE M. PRESS~S the principal sum of ThT@P ThoL~s~~ci_.~ne :~undreci And nCl~ll~~ ----~~•~RS, togethe~ with interert thereun fmm date at the rate of len percent, per annum until maturity, Iwth principal and intcr~:st being payable in lawful mouey of tlie United States at 22~ Biscaync Blvd., ~1:ami, Florida, or at such othcr place as the holdera hereof may deaignate in writing. Nrincipal and intectist payable in installments as follows: Seventy-Five (~75.00) Dollars per month, beginning on the 15th da~y of May, 1970 and continuing on the 15th day of each and every month thereafter until paid in full. This note may be prepaid in whole or in part after one yeaz from the date hereof upon payment of a penalty equivalent tu five percent of the principal sum prepaid. E:ach imtallment payment ~hal) be crediled first on the interest due, and the romainder on principai; and interest shall thcre- upon cease upun the principal so credited. . T{~e make~ and rodoraera of this note further agree to waive demand, notice ot non-payment and protc.st, and i~ the event suit >I~all t?r brought for t{~e collection hereof~ or the same has to be collected upon demand o[ an attomey, to pay rezsonable attorney's frr. for making such collection. Deferred paymen~• hereunder shall beu interest at the rate of ten percent per annum from maturity until paid. + 7'his note is secured by a mortgage of even date herewith and is to be cot~strued and enforced accocding to the lawa of the - >tate_ of Fiorida; upon de(ault in the Payment of principal andlor interest when due, the whde sum of pnnci p al and interes mmaining unpaid shall, at the option o f the holdets, become immediately due and payable. ' ; ~ f !J _ (SEAL) ~ f ~ ~ - ;r ~,-l~ ~ ~ . I ~M~ .C!!, ~1~--- • SEAL Prepued by Spieler & Tendrich, Attomeys - 2240 Biacayne Bivd. Miami. F Srida ( ~ ar~d +hall pe~form, cumply Nith and abide b~ each and every the stipulations, agreements, conditions and cuce- nants of said promissor~• note and of this deed, thert lhis deed and the estate thereby created shall cease and be null and void. ~ 1. The ~tortgagor heteby covenants and agrees: la) To pay alI and ~~nEular the princ~pal and mtrrest and other sumc of moncy payable by v~rtue of satd prom~scory note and th~s deed, a e~the~, promp~ly un the days respcc~ively the same se~erally becomes due. f (bl To permu, commu or su[fer no +raste a~d to mam;ain thr ~mprovements at s!I umes in a state o( good rep~v and condwon, and to f dn or perm~t to he dont t~. sa~d p:em~ses noth~ns that w~ll alter or chanse the use and character ot sa~d property or m any way ~mpau a ~ .eaken the se.unty nf t~~c mort`a~e, and m case ot the refusal, ne~lect or inability of the ~lortsa6or to repair and maintam said proper- ~ ty, the A1ort6agee may, at h~s opt~oo, make such repairs or caece the same to be made, and advance moneys ~n that behalf. ~ (c) To pay afl and ~~n~ular the taxe+, asseasments, lev~e~, liab~lrties, and obli~ations of every ~ature on said desenAed property each and e~ery When due and paYible accord~na ~o lav, he(ore they become delinquent, a~d to dtliver to the Mortga6ee on w before MarcA ~ lSth o! eacA yeat ta; rece~p.s ev~dencins the psyment of all lartully ~mposed t~xes (or the precedin6 calendar year; to ~ndemnify tAe ~1at`a`ee upon h~s demand for all taAes, asses~ments and char~es tAat may be assessed upon this mortaage on the indebtcdnecs c•- cured he:eby, and pa~d by the mortRa~ee, aithou~ resard to any lav here?ofae enacted a he~eafter to be enactcd impos~ns ~aymen~ ot the yhole w any .vrt thereo( upun the A1ort~a6ee. ~ ' (dl To pay all and sinaulat the costs, charses and eRpenses, includtn` lawyers' fees and ab~ttact cocts reasonably mcurred nr pa~d a~ any ume hy the A1ortEaEee because of the (~~lure on the part of the Mortsator to petforr~, caeply w~th and ab?de by tach and rverv the st~pulauoos, asreements, cond~t~ons and covenants of s~id promissory note and th~s deed, or e~ther, and erery such'paymem chall bear ~ntercst ttom date at the nte of ten (J(Y4) per centum per annum. (el !t ~c (urther covenanted and a~teed Dy snd pathes that in tht evrnt ot a suit bein6 ~nstituted to foreclose th~s mrxtgase, the Mort- ~a~ee shall be entitled to apply at ~ny time pendin~~such toreclosure suit to the court Aav~es jurisdiction thereo( fa the appo~ntmen~ ot a receiver of all and sinaular the mat~aecd property, and o( a~l reats, lncomes, prof~ts, iasues and revenues Iheroot, trom ~hatsoerer source derired, and thereupon ~t is hereby expressly covenanted and •~ree0 tAat the Court shall torthwith appoint such receiver ~~th the usual powcrc and dutie~ of recei~e~s in lite casea: and aaid appointment sha!1 be made Ey the court as a matter of stnct n~ht tu the Nortga~ee, and without reference to the ~dequacy or inadequacy ot the value of the property hereby mortsaged, or to the colvency or ~nsolvency of the ~lortsasors or any othtr patty defendant to such suit. The Mottja`ot hereby specd~tally rr~aives the right to ob~ect to the appomtment o( a recerver as a(aesud and hereby expressly consents that such appomtment shall be made as an adm~ttcd cpuny ~ and as s mat~er of ~bsolute risht to the Alatsasee and thst the same may be done a~ithout notice to the Stor~~asor. ~ It) Jf fo?eclosurt procetdinas shouid be ~nstituted a~ainst the poperty covered by this mott~a6e upon any othcr lien or cia~m rhether alle6ed to be superior or jun~or to the lien of this mat~ase, the Mwtia~ee msY at h~s ophon immedutely upon ~nstitut~on o( ~uch suu a dunn~ thr pendency thereof dectare this ma~p~e and the ~ndebtedne~s secured hereby due and paYable IortAwhh and may ae ~t. ; opuon proceed to fweclose th~s mort~a~e. IE) T~at the Mort~asor will'keep all real and persona! property now~ or hereafter encumbered by the lien of this mortg~~e ~n~ured as may ~ be required from time to time by the Mort~asee a~ainst loss by fire. ~~ndstotm and other hazards, casualties and eonUn~encies fur su~h ~ penods and ta. not lees than such aawunts as may be reQu~red b~• ?he Mort~a~ee and to pay promptly when due all prem~ums (.x sucA ~ ,nsurance. The anounts ot iesurenee required by th~ Mats~6et shaU be tht min~mum amounts for vhich sa~d ~nsur~nce shall bc ~ntten and it shall be ~ncumbent upon the ~lort~agor to maintain auch add~uonal insur~nce as m~y be nececsar~ to mce~ and comply tully +~th ~ •II co-insunnee re4uirements contamed in sa~d poLciea to the end that the said Mart~a~or ~s not a co-msuror thereunder.Insurrnce ~ shall be .ntten by a compaay or companies •pptoved or des~tm~ed by the Mort~a`ee •nd ~11 pol?cies and rcnewal. tAereo( shall be he!J ~ hy the Mu~tp~ee. All detailed des~~n~hons by the Mcxt~a~o~ Which ~re accepted by the ~lort~a~ee and all asreementc between Mort`a~or and Mort~saee relatm~ to insur~nce, now e:isun~ or here~(cer made, shsll be in vntin~ and sAa11 be a psrt of th~s mor~aa~e •~reement ~s tull as thou ~ y a1t set forth rerbshm here~n and shall ~overn both puacs hereto and theit successors and ass~`ns. No lien upon any of ~ said pnLciec o( msurance or upon any re(und or return prem~um rh~ch may be payable on the cancellauon « terminat~on thereof, .hafl be ~iven to othcr than ~he Mor~{„ee, except by proper eedorsement a(fixed to 9uch policy and ¦ppo?ed by !Nortsa~te. FacA policy of ~ msurance shall hs~e affi~ed ~herc~o a Standud :Ve. Yrnk Mort~ajee Cl~use ~r~thoat ContnbuUOn, mak~n~ s11 loss or lossc. unJer .uch ~ Wj~~Y D~Y~ble ~o the Mortsa6ee as ~ts ~etercst m~y ~ppe~r, In the event ~ny sum or sums ot ~oney becane payable thereunder the ~1or~- ~aiet shall have ~he opuon to ~ece~ve and aDDly the same on secount of the mdebtedness hereby secwtd, or to perm~i the ~1~rtgaR~~r ~ to rect~ve and u~e rt, a sn~ put tAtreot, w~ithout therepy Nvtvm~ or ~mpainns any tQu~ty, l~en, or n~ht unJer and hy vutuc of th~. ~ mortpEe. In evcat e( lo~s ~x physical damaje to the mortsa6ed pro~erty the S1ort~aEor sh~ll pve ~mmcu~atc nut~cc thercof by -~il t~~ the \1~KIgaErc .:n~ thr N.,R+B« may make p~~,n( n; 1n.. the samr ~c not made ptomptly by_ the \tw 4~•m ot t~, c~ I~~,urc „t ~ ~ p R ia3 PAf,E~v~"- ~>ri b00K ~ _ ~ . 4 y; T . _ . . _ _ - - . " _ .e ~