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Home My WebLink About1854 PROVIUFf~, Al_N'AYS, that if Ihe \lortgugor shall pay unto the \k~rtgagre thr ~nJebted~~ss r~~~d•:nc~d hy certain prum~.socy note ~~f wh~ch the follou?•ins in words aod fi~ures ~s a uuc copy to-wit: i I~L4~~'~~C I~~.vtiG . ~ 3275.00 Miami, Florida rarch ~ ~g `JD_ ~ FOR YAI.UN: KF:CEIVF.D I promise to pa~ ~ ~I~~ o~dr~ o[ F~DERICK D. BA ' no 100 t~e N~~~~~~~~I ~,m of Thrse Thousand Two Hundred Seventy-Five Bri~pI.LARS, togethcr with in~ere.t t~rreun fn~m date at tl~c ratc of ten perce~t, pe~ annum until matu~ty. both principal and interest being payable i~ lawful moncy of th~~ l)nited ~tatc~ at '.'.'.~.~-l Biacaync Blvd., Miami, Fiorida, or at such othc~ place u the holdera hereo( may drsignatc in writing. f'rincipal and iotereat payable in insWlments as follows: Fifty-Five (a55•00) Dol~ars per nonth, for sixty (60) consecutive months, on the 15th day of each a.nd every month, beginning on ~he 15th day of May, 1970, and continuing until the 15th da~y of Ma~y, ~9?5s at which time the balance shall become due a.nd ~e~yable. ? ~ This note may be prepaid in whole or in part after one year fcom the date hereof upon payment of a penalty equivalent tu five percent of the principa! sum prepaid. Each installment payment rhall be credited ficst on the interest due, and the remainder on principal; and interest shall thrrc- upon ce~e upcin the principal so credited. T{ie make~ and endorsers o[ this note further agree to waive demand, ~otice of non-payment and pmtcst, and in the event suit . '~I~all be brought tor the collection henwf, o~ the same has to be collected upon demand o[ an attorney, to pay reasonable attorne 's ~Ke: for making such collection. ~ Defer~ed payments hereunder shall beu interest at the nte of ten percent per annum from maturity untit paid. ~ ~ This note is qecured by a nwrt$age~of cve~ date haewith a~d is to be construed and enforced according to the laws of ~e - ~ ~ ~tate of Florida; upon default in the payment of principal andlor intereat whe due, the whole a~m of principal and intere I remaining unpaid shail, at the option of the holde~a, become immediately due yable. - - ~-C~ . ~G~ I~~/, t C!~- ~SEAL) ~ ~ I (SEAL) I Prepared by Spielu & Tendrieh, Attorneys - 2240 Bieeayne Bivd., Miami, Flotid~ ar~d ~hall perform, comply with 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 and void. 1. The hlorigagor hereby covenants and agtees: (a) To pa~ ali and ~~ngular the p~~ncipal anS mtercst and uther sums of money payabl~ by v~rtue sa~d ptomtc~or~• nott and th~s deed, or either, promplly on the days recpecti~'cly the same severally becomes due. ~ i ; (bl To perm~t, comm~t or suf(er no vaste a~d to mamtam the imporements at all hmes in a stste of good repa~r and cund~t~on, and to ~ do a permu to be donc tu sa~d ~emices nothma th~t ~•~11 alter or chanae the use and chatacter ot ca~d property or in any ~say ~mpa~r or j w~eaken the cecurit~ ot this mort~ase. And ~n case of the ~efusal, ne~lest or inability of the Mortsasor to repair and mainta~n said proper- ty, the Mortga~tce may, at h:s opuon, make such repairs or cause the same to be aude, and ad.ance moneys m that behalf. ~ To pay all and s~n~ular the uxe., assessmenes. Ir.~ies, lub~lities, and obli~auons of every nstwe on sa~d descnAcd property each ~ and every when duc and payable accordies to lar•, be(ort they becane delinquent, and ~o del~ver to the Mortsasee on or beforc Alarch ~ 15th of each year taa receipu ev~denc~n~ the payme~t of all la+fully ~mposed ta:es for the prccedin~ calendar year, to indemn~(y the i Mort~a~ee upon his demand for all taies, asseccmcnts- and chat{es that msy be assesscd upon this mort;aae on the indebtedness c.- ~ cu~ed hereby, and ~+aid by tAe mortp~ee, +~~thout reglyd to any la~r heretofore enacted or hereafte~ to be enacted ~mposm` ~ayment ot ~ the rhoie or any .+art ihereot upon the M.xt~a6ee. (d) T~ pay all +nd s~n~ular the cus~s, char~es and expenses, includ~n~ la~+yera' fees and absttact costs reasonably mcutted or paid at any t~me by thr A1~xt6a6ee because o! the failute on tAe part o( the ~lortgasor to petiotm, comply wttA and ab~de by each and ever~• the sUpulat~ons, asreements, ux~d~tions and coverants ot s~id ptom~ssory note and th~s deed, ot e~ther, and evety suc~~payment shall bcar interest itom datc at the rate o[ ten (10`4) per centum per annum. (c) It ic further covenanted ~nd a`reed by sa~d parUes that in tht event of a suit beine in~htuted to taeclose this mortpse, the Mort- ~a~ee shall be ent~tled to apply at •ny time pendin` such (oreclosure su~t to the court harin~ jurisdiction thereo! for the appointment o( a rcce~ve! of all and sm~ular the matsa`cd property, and of ail teats, ~ntanes. ptotits, ~asues and revenues thertof, from whatsoevcr source derived: and thereupon ~t ~s hereby expressly covenanted and asreed thst the Court shall torthMith appoint such receiver w~th the usual powerc and dut~es of rccei~•ers in hke c~sea: and s~id appointment shall be made by the cowt as a matter of stric~ nfAt ~o ~ the MortEasee, and rithout rcferenee to ~he adeqwcy or inadequacy ot the value of the property hereby mortpeed, or to the solvency or ~nsolvency of ~he Alort=a~orc or any other part defendant to such sui~. The ~fort a or hereb s ~ Y L[ Y p~eifie~lly waives lhe riRht to oh~ect ~ to the appomtment o( a recerver ~s aforesaid and hereby expressly consente that sue6 ~ppomuaeni sh~11 be made as an adm~tted equ~ty and aa a mstter o( sbsolute r~{h~ to the Mcxt~a~ec and that the sune may be doae ~r~thout notice lo the ~lortsagor. ~ (f) Jf foreclosure procetdinas should be instiwted a~~~nst the property covered by thia oartsa~e upon any other lien or cla~m whether 3 alle~ed to be supenor ot junior to the fien ot this mortp~e, the Mwttasee eaay at his option immedntely upon mstituuon of .uch su~t a dunn~ the pendency thereof dectare th~s mortsase and the indebtedness secured hereby due and pay~ble :orthM~th and may at ~t. r ophon ptoceed to foreclose ch~s mortp~e. ~e That the Mortp`a w~)1 teep all real and personal property now~ or hereaf[er encumbered by the I~en of th~s mortg~`e ~neured as may ~ be reQuired trom ume to hme by the Mort~a~ee •~~mst loss by fire, alndstam and other hu~rds, caswlt~es and :onhn6cnciex (or su~h penods and tor not lesa thao auch arraunts u may be required by the Mortqaee ~nd to pay prompt{y ,.hen due all premiums (a such ~nsurance. The arr.ounts uf insur~nce reqaued by the Nort~aaee sh~ll De the min~mum amounts for rhich sa~d msurance shall be +nucn ~ and it shail be ~ncumbent upon the Mortp~or to maintain a~ch sdditional maurance as m~y be necessary to meet and comply (ully w~th ~ •II co-~naur~nce requuemenu contamed in said polic~es to the ead that the sa~d Mort~a~a ~s no~ a co-insuror thereunder.lnsurance _ ~ shall be ~rrnten Sy ~ comp~ay ot compan~e~ approred or deai~nated by the Martsa~ee ~nd all polic~es and rcnewals thcreo( shall be Aeld ~ - by the hfort~aaee. All delailed deti~n~t~ons by ~he Mort~a~or wh~ch are accepted by the Mort~ssee and all aareements betxeen Nort~aEor and Mortq~ee relaun6 to ~nsurance, nmr ex~stins or here~[ter made, shall be in ~rntm~ and shsll be a parf of ~h~s mortsase a~recment ah set for~h rerb~um ncrein and shall ~ovetn both part~es hercto and ~htit successors an.1 ass~snc. No lun upon any of as fully as ~hou s~id policics ot insurance or upon any rc(und or rcturo premium whicA may be p~yable on the cancella~ion or term~nation thereof, .hall be ~iven ~o other than the Nort~a~ee, excep~ ~y proper endorsement a((ixed to such pol~cy and ~pproved by Mort`~~ee. Each poL•cy nf ~ ?nsurance sh~ll have afbaed thtrcto a Standud Ne~ Yak Mer~~a{ee Clwse rrthout Conu~buuon, m~kin~ all losc w I~sses unJer wch ~ policy payable to the Stortp~ee as its mtercst may ~ppear. la the event ~ny sum or sums o( money beca~e payable thereunder the ~1ort• F ~a`ce shall have the option to receivc a~ apply the same on account of the ~ndebtedness hecebr secured, w to permit ihc \1nr~~aR~~r to rece~ve ar?d use ~t, or any pan theteof, wi~hout thereby waivm~ ot impune~ any equ~ly, letn, or n~ht under and b> vutuc o( th~. yti mort~a~e. In event of ioss or phys~cal damase to the rnort~aEed proper~~~ the A1ort~asor sh~U d~ve ~mrt:ed~ate nohce thereof by r. ail t~~ Ih~ NurtEaRor .,nd t~ NortE~~~c may make pra~~! ~.f !o.. if ~he camc not made prom tly by he \turtpag~x. In .rnt f l~~rcil~~~urc ~~t ` ~ ~ i ;r:~ . fI1N( ~ ~ - ~j ~ ~ : ,i. ~.r;~~.. , _ . , i- 'u