HomeMy WebLinkAbout2760 PROVIDEn, ALWAYS, that if the ~lortgagor shall pay unto the ~1ort~agee the ind..btedness eviJenctd hy a
~ertain promisaory note of which the folloN•ing in words and figures is a t~ue copy tawit:
7~ March 28_ 70 _
f 1450 L00 _ _ Miuni, ~lorida_~ , _
tUR VALUE RECEIVEI~~ We, ~ointly and 8evera119 pro~~~i,~ iu Wy
to t orde~ u( AAT RRTEDMAN and TILI~IL FRIEDMAN ~ h1S W1f @
lhe 'nci~l ~,m ~t One Thousand Four Hundred Fifty and no l~~)I.LAiLS. tugett~rr with i~trm~t
~he~eun Irum date at lhe nte of ten percenl. pe~ annum uoW maiurity, buth principal and inleresl beir~ parabk in law(ul n~w~ry uf _
th~ United ~t~ta~ at ~144 Biecayne Blvd., 111ismi. Fbrid~. or at wch other pl~e as the huldas henwf mqr da~i~natr in writinR.
Principal ~nd intera~t payabk in imtdlmenW au fdluw~:
i.1. l~ .rd w~.w 1 w w s~
Thirty-Five C~35•~) Dollar~ Y~~ ~.~u~.., ..a the 15th day o
Mey, 1970, and continuing on the 15th d~r of each and every month
thereafter until paid in full.
;
This note may be prepaid in whole w in put after one year (rom the date hereof upon payment of a penalty eyuivalent
tu five petcent ot the ptincipal sum prepaid.
tacl~ inrtallment payment i:hall be c~edit~d first .~n the intereat due, and th' remaindrt on principal; and i~te~t ~chall th~~n•-
upun n•asr upon the principai ao credited.
Tl~r makerx and endoraerx ui this note (urther ag~ee to waive demand, nvlice u( nun•pay~nent and protegt, and in tl~r rvent Muit ;
•I~a11 br bwught [or the cdlection he~eo~, or the same has to be oollected upue demand of an att~cney, c~ ~,r ~.~~w~ .~~«n~r'M ~
~rrx fur making such cdkction. : ~ - -
11rf~~ed paymentE heerunder ahall bear interest at t1~e rah of tee percent pet annum !wm maturity until paid. '
'I~hi~ oute ia seau~ed by a mort~ge~of even d~te hereMrith and is to be construed and en[oroed according to the lavra o[ the -
~tat~ of F Icxida; upon default in thepay ment oi principal a~d~or interest ~rhen due. the whde sum uf pnncip~l and int're~t ~
n~rnainina unpaid eha11, at the option of the lwldcrs, beooa~e immediatdy due and p~yabk.
~ ~ ` ~ ~pL) ~
~r~r---Ci ~ J?~ll. C~~~' ~ - (ti~Al.)
PrepaKd bp ~pieler d~ Tendrid~. Attanep~ - 2240 Bi~carne 81rd.. Mi~mi.
F~W~ .
ar~J shall petform, comply with and abide by each snd every the stipulations. agreements._.conditions and_ cove- _ '
nants of said pr«nissory note and of this deed. then this deed and the estate thereby created shall cease and be
null and.void.
1. The Mortgagor hereby covenants and agrees:
(a) To pay aIl and cinaul~r the princ~pal and interes~ and other sums o! money payable by virtue of said promisswy note and this ~
deed, or either, promplly on the days respectirely the same severally becanes due.
i lb) To permit, comm~t or suffer no ~vaste a~d to mainu~n ~he improrements at all umes in a state of tood repair and cond~iion, and to '
~ do ar permit to be done to said premises nothin~ th~t rill alter or chanse the use and chu~cter of said property or in any vay impair or i
~ reaten the secunty of this mortsa~e. And in case of the retusal, neelect or inability ot the Mort~asor to repair ar.d maintain said ptoper-
~ ty, ~he Mat~a6ee may, at his option, mske such tepaits or cause the same to De made, and advance moneys in that behslt.
~ (c) To pay •11 ~nd ~~n~ulu the tsaZs, assossments, levies, liabilities, and obli~ations of every nature on said desetibed property each
~ and every rhen due and payable accord~na to law, before they become deliaquent, snd to delirttto the Mott6asee an or betorc March
15th ot eacA year taa receipts tY~dencin6 the payment o( all lawtully ~mposed t~aes for t6e prece~lin6 calendar year; to indcmn~(y the
Atat~a`ee upon his demand (ar all taaes, a.sessments and charees tAat may be assessed upon this mortaa6e on the indebtedness r.-
~ cured hereby, and paid by the mortsa6ee, sithout re6ard to aey :av heretofae eeacted or hereafter co be enacted imposint ~ayment of
~ the rrhole or any ~+art tAtreo( upon the Mortaasee. ,
g (d) To pay all and sinaul.ar the costs, chat~es and expenses.includ~ns I~~ryers' fees and absttact costs reasonably incurred nr paid a~
° any time by thc ~tortaa6ee bccause of tht f~ilure oo the part of the Mortsasor to perform. comply w~ith and abide by tach and every the
s~ipul~tions, atreemen~s, conditions and covenants ot ssid promis~ory note and this deed. ot either, and every such'payment shall bear t
m~crest from date at the rate of ten (10'~) per centum per annum. ~
(el It is further covenanted and asreed by said parties that in the event of a suit bein~ instituted to faeclose this mort~aae, the A~a~-
gssee shalt be entitled to spply at any time pendins such (oreclosure suit to the court hsvias jurisdiction therco( for the appomtmen~
of s receiver o( all and ainaular the aort`~~ed propetty, and o( sll rents, incomes. pto(its, iasues and revenues thereot. trom vhatsoever
cource derived; aad thereupon it is hereby cxpressly covenanted aed a~reed that the Court ahall (orthvith appoint such ~eceirer v~th
~ the usual powera and dut~es of receivers in like c~ses; an8 s~id appointment shall be made by the coutt as a matter of strict ri~ht to
4 the Mort~asee, and rithout teterertce to the adequacy or inadequacy o( the value ot the property hereby mort~a6ed, or to tAe solvency i
~ or insolvency of tht Mortsa~ors or any other party de(endant to such sui4 The Alortsata hereby apecifically vaives the ri~ht to ob~ect t
to the appointment o( a reteiver as atoroasid and hereby e:pressly conseats thst such appointment shall be made ~s an admitted equity ~
and as a matter of absolute risht to the Matp~te and that the same mar be done r~thout notiee to the Mort~ssor.
~ (f) If faeclosure proceediap should be instituted apinst the property covered by t6is aartq~e upon any other lien or cla~m whNher
" alle6ed to be superior or junior to the lien ot this matp~e, the Mlortss~ee may at his optioa immediately upon mstitution of such suit
or dunn~ the pendency thereot declarc tA~s nart`a~e and the iadebtedness secured hereby due and payable («thvith and may at ~ts
a opnon proceed to faeclose tbis awrtaa~e.
` That the Mortp~or ~rill keep all real and personal ptoperty noy or hereafter encumbered by the I~en of this mortsa~e ~nsured as may
~ be required from timt to time by the Mortiaate spinst loss by fitt, ~rinds~orm and other hazards, caswlt~es and conun~encies fur such
~ penods and ta eot leas tAan such aaaunts as may be requ~red by the Mortq~ee aad to psy proa?ptly when due all prem~ums (or such
~ insursnce. The uwunts of iasur~ece required py the Morlsasee s6a11 be the miaimum amo~sits tor rhich sa~d ins~u~nce ahall be rrilten
~ and it shall be incumbent upoa 1he Mortsa~or to oaintsin such ~ddi~ional insurance as ieay be necessary to mee~ and comply fully with
~ all co-insutanee tequirements contained in said policiea to the ead that the said Mort~~~or is not a cwinsuror thereunder.lnsurance
~ shall be ~ritten by ~ companr or coeopaaies •pproved a desi~nated by the Mort~a~ee and ~11 pol~cies and renew~~ls thereo( shall be Aetd
by the M«tp~ee. All detailed desi~nations by tbe Mort~ator ~hicA are accepted by the Mats~~ee and al1 ssreements betMCen Mort~~aor
snd Mart~a~te rel~t~ns to insur~nce, now etistin~ ot hereaftcr made, sh~fl be in ~rtitin~ and shall be s part of this matN~e a~reemem
~ ~s fully •s thou~h set forth verb~t~m herein and shsll ~overn both patties htato and their successors aad assisns. No lien upon any of
~ said policies o( insurance a upan anr refund or retum premiua wbich aay be p~y~ble on the caacellation a termination thereof, shall
be airen to other ~han the Mottia{ce, except by propcr endorsement affixed to sueh pol~cy and approved by Matsasee. EacA policy of `
insuranee ahall hsve stfiaed thereto a Sundud Nea York Mort~~~ce Clause ~itl~out Cootribution, makin~ •11 loss a losses unJer .uch ~
policy payable to the ?lortp~ee as its intercst may appear. In the evea[ any sum or sums ot money becane payable ihereunder ~hc ~for~-
~ 6~iee shall hare the option to receive and apply the s~s: on account of the indebtedness hereby secured, or to permit tAe \1nrtEaE~r
to receive and use ~t, a any part thereot, without thereor .v~ivin~ or impa~nns any equ~ty, tien, or n~ht under and by vutuc of th~.
s5 mxtpse. In evrnt of ~o~a a physical dama~e to the mortpsed property the Mort~s~or shall ~ive ~mmed~lte nouce,therno( by rc•il t~~
- 1he \lwtsasee ~nJ ihe M~rtRa~~t may make prout of los~ i( the sarne not made prompqy by the \1at~asor. In ev~ nt n( (ure~l~~•urc of
~ ° R 183 ~275? ~ ~ , .
;s BQOK FAG~ •
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