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Home My WebLink About0568 ' ` j ` . PROYIDEII, :11.N'AYS, tha~ if the ~lortgagor shall pay unto the \brtgugr~ thr ~ndcbtrdnc~~ rviJ~nc~J by a cettain ~rom~~~urv nute ~f which thr folluv?inR io w'o~ds and CiRurCS ~s a truC cupv to-w~t ~~GE~lt~~~Q~G 1~~4~C : 3340•00 Atiami, t~l~~~d~ APril 9 i~, 70 - - - - - - - ~ , PI11~ ~'•~I.I~F: NE(:EI~'f:l) W@ ~ ointl aII(j, severall p~~~mi•r lu ~~a~ ~ ~ - - -+Y-- - ~ lli~ unl~r~~( i'':?:.'i:.RICK D._ ~~:U?.~.''til~I:l ~ ~ Ih~• prinripal ~um ~~f `l'hree Thousand_ Three-HuncT-red_ ana No71a0 - ~x~i.~.:~1{~. I~~~•rllu•? wNh iutrrr.t ~ i 11? ~•uq ~tutn dalr al Ih~• rat~• uf 1~•n Ewrr~nt. ~Kr annu~n unlil malurity, bolh pnncipal and int~•~~t I~in~ payabl~• ~n I. lul ~uun~•~ uf ~ ~h~ l~nit~d ~lat~•~ at '~'.'.•~l i~i~ca~nr Bh•d., ~liami, Flcxida, or at ~uch other place as the holder~ h~reo( may ~I~•~ifioat~ in wntinK. t Pri ipal aod int~•n•~l Nayabl~ in imtallm~nl~ a~ folluws: ~ixty (~60.00) Dollars ~er month, for siYty (60) consecutive months~ on ~ ~ho 15th ~~~y of each and every mo,~th, oe~ianing on the ~5th da:~ ,,f June, ~ i970, ana ~ontiinuing until ~he 15th daq of Juae~ 19?5, at which time tbe : o.~lance shall become due and payable. ~ ~ Thic n~te ma~ be prepaid i~ whole ot in patt aftet one year ftom the date hereof upon payment of a penalt~ eyu~valen~ tu fi~~e percr~t of the ptincipal sum ptepaid. ! j F:a~•b in~tallnu~ut Nayment ~hall br ~redited first on th~ interest due, and thc remainJer on principal; and ~nl• n•~~ ~hall 11~~•n• ~ upuo cra~• upun Ih~• principal so cMditcd. ~ ~~I?ali 171ibn~uF,l~ f ar II~~11~i~llrct on h~rcoftor th hsam! hacs to be col cet~ddupon1dcmand of an att rncy, to pay n•av~ abl~ altornc~!t (~•r: fur ~uakui~ •urh rullectiun. ~ I1rG•rrrd paynn•nt~ herrundrr ~hall brar intemst at the nte of ten perc~nt per annum from maturi~y until paid. ' ~ ~ ~ 7'h~• nolr ~ wrurcd by a mortgaR~ o( eve~ date herewith and ia td he construed and tniorced accocdinR to the lavr. ~~f the ~ i ~tat~ of tl~xi~ia; upon ikf~ult in tiK payment o~ principal and/or interrst when due, the whde ~m c~f prin~ipal and iat~rrAt i! mmaininK unpaid :hall, at the option ot the holdets, become immediately due and payable. ` +f ~ i f .~~C~__C.c= ~ - - . _ _ (SE~V.) { ~ ' ~ p ~ PtePar~d by Spieler & Tendneh, Attorneps - 2240 Bieayne Blyd.. Mia~ larida -(~h J1L) aod sh:~ll pertorm, cumply with and abidr by each and every the stipulations, agteements, condition~ and cuve- ~ nants of said prc~missory note and oC this deed, then this deed and the estate thereby created shall cease and be ~ null and ~•oid. 1. The ~lortgagor hereb~ covenants and agrees: ~i fal To pay all artd .mgulu t!fe princbpai and mteres~ and other sumc ot money pay~abte by vntue o( said prom~ssorc note and th~s ~ Jeed, or e~ther, promptly on the days respec~ively the same severally becomes due. ~ - _ _ - - - ~ (bl To permrt, comm~t ur sufler no vraste a~ui ~o mainta~n th~ ~mprorements at a11 hmes ~n ~ state of goai repav ar.d conJ~t~on, and to do or permrt tu he done to sa~d prem~~cs rtoihins that w~ll alter ur chan6e the use and chanccer o( .a~d property or m any aay ~mp.u « ~ r~caken the ce.unty of thia morteaae. And ~n cast of the re(usal, ne~lect or inabilrty of the Mort6a6or ro tepair and mamtain sa~d proper- ty, the ~lortaaEce may, a~ h~s opnon, m~ke such repaus w c~use the samc to be made, and a6vance moneys ~n that behalf. ~ (cl Tu pay all and ~~naular tne taie., ascessm-nts, Iev~e~, l~ab~lities, and obl~gatwns o( every naturt ~ ca~d Jesu~bcd pmpc~ty ea~h and tvery ~rhrn due and p~yable ucordin~ to lar, be(ae they become delinquent, ~nd to deGvet to the MortEaEee on or before Atarch ISth of e~ch year tax rece~pts ev~dencmg the paymen~ of all layfully ~mposed taxes [or ~he precedm~ c~lend~r year, to mdemni(y the Afatsa~ee upon hic ~temand fo~ all taaes, asseccmentc and char~ea ~hat may be assessed upon this mortEa6e on t~e indebtedness c?. cured hereby, and pa~d by the mextR~~ee, ~~ithout regrrd to any lar heretofore eo~cted or here~fter to be enacted impocios nayment of the xhole w anY ^art thereo( upon tAe \ldrtq6ee. (d) Tu pay aIl and sm`olar th~ co+ts, char~es and expenses, includ~n~ lawyers' fees and ab~tract cocu reasonaAly mcurred or pa~d a~ ~ any Nmt hy thc ~1.xtgaEec becausr o[ the failure ~ the part of the MortEa6or to per(orm, eomply with and ab~de by each and every the st~pulat~cx~s, a6reemen~s, condiUOn. and cor-enants of sa~d ptom~ssory note and th~s deed, w e~ther, and ev~ry sucKpaymrnt ~h~ll bca! interest from date at the nte of tcn f~0"o) per centum per annum. - - _ n - (e) It ic furthcr covenanted anJ asreed by said pa~ties that m the event of a suit beinE inst~tuted to toteclose this m~xtRa~c, the \fcxi- ~a6ee shall be rnutled to apoly at any time pendin6 such (ottclosure suit to t6e court havins jur~sdiction thereo( (or the appomtment of a rece~rer ot atl and ~in~ular the mwt6aEed property, and of all rents, incanes, prof~ts, issues and rerenuec thereof, from ~ha~,uc•cr source derived; and thereupon u is hcreby espressly coveaanted and asreed that tht Court shall fotth+rth appomt such rece~rer v~ ith tAe uswl powers and duties of receivers in fike cases; and sa~d appo~n~ment shall be made by the court as a matter ot strict n`h~ io the Alortgaaee, and Mithout reference to the aJequacy or ~~adeqwcy of the value of the ptoperty hereby mortsa6eJ, cx tu the sol.•ency or ~nsolvency of the 1~ortiaiots or any other parly defendant to such suit. 'fht A1ort~a~or heteby spet~(ically 1NilYtS thc r~6ht to uh~cct ~o ~he appo~ntment o! a rece~ver ac afuresaid and hereby expressly consents that such •ppointment shall be made as yn adm~tted cquny and as a msurr o( absolute n~ht to the 11ort6adee and that the same may be done w~thout notice to the Stottaa6or. 5 (f) Jf icxeclosure pr.ncetdin~s Should be ~nstituted a~ainst tAe property covered by th~a mortsi6e upon any other lien or cla~m whcther alle~ed to be supenor or juniw w the hen o( this mort~a~e, the Mort`asee may at his option ~mmediately upon in.uwuon o( .uch w~t a dur~ns the pendency thereo[ declare th~s mortaaEe and the indebtedness secueed hereby due and paYable to~thruh and may .t ~i. opuon proceed to for~close th~s mort~a~e. That the Mor~p6or wAI keep all real and persoeal property nor a htreafter encumbered by tAe lun of th~s mortKase ~nsured a~ mey be required (ran time to ti~ee by the ?Nurt6a`te a~a~nct loss by tue, r•~ndstorm and o~her hazards, casualue+ and conhnEtncir. fnr w~h periods and tor not less than such anaunts as may bt requ~red by tAe Mortp~ee and lu pay promptly when duc all premiums for such m~urance. The amoun~s o( ~nsur~nce reQuired by the Mortsa6ee shall be the mimmum amounts fw w~h?ch sa~d msurance shail bc rnttcn and ~t shall bt ~ncumbcnt upon the Mortsa`or lo mamtam such addit~onat insurance as may be nccecsary to meet and co+nply (utly ~ith all co-insunnct rtquirements tontsmed in said pofic~es to Ihe cad thal the said Mor~6saa i. not a co-~nsuror thereundcr.~nsurance ~ shall be wntlen Ay • coatpany or companies apprortd or desi~nated by tht Mortsasee and all pol~ues and renewal. thereof .h.ll be hel~! ~ by the Mwt~,a~ee. Al! detailed desi~n~t~oos by the M~rt~aEa rhicA are accepted by the Mort~a~ee and all asreements Aetwten ASor~`aEor ~ and Mort~aset relahn6 to insur~nce, now ex~sim6 ot hertafler m~de, shs11 be in ~ntins and sh~11 be a part of Ih~~ mwt6a6e a`reemem ss fully as thou~h sei forth verbaum F,erem and ch~ll ~ovcrn both parties hereto and their successors and ass~sn.. No lien upon any uf ~ ~~id polhc~es o( in~urance or upon any refund or retum prem~um rhicA may be payable on the canceltahoe or term~nation theteo(, .hal) be ~~ven to other ~han ~he Mw~~~~et, except by proper endorsement s(fiaed to such policy and ~ppro~•ed by Nor?sasee. F,ach pol~~y ~nsurance ahall have a(fiaed therfto a Standud New York Nortsa~ee Clause ~r~t6out Contribut~on, mak~n~ al{ losa oc losses urWer ~uch policy psysble to the Mort~s~ee ~s ~ts ~n~erest may appeat, In the event any sum a sums ot enoneY become pay~Alc ~hercunder the :1~~!t- p6ae shatl har~ the option to rece~ve and aDD~Y ~he s~me on account of thr mdebtedness hereby secured, or to permi~ thc \t~r~ga¢~,r to rece~ve and use M any patt thertof, r~thout thereby rraivm~ or ~mpa~nn~ any equ~ty, I~en, or nsht undrr and b> tiutuc o( th~. mort~a6t• (n ercnt o( loss ot physical dama6e to the mort~aRed property tht ilortsaaot shaU 6ivt ~mmeJ~ate notuc thercof by :-a~1 t~~ ~ Ihe M~xlgaRee thr S1ot1Ra(tr~ may make pro„f ~ f lo.. if the came nnt m~de peomptly by the ~IOf{~JK~N. In c.rnt ~~f t~~re.b,•we ~•f ~ , . 600K~8~ PAGE ~ JW ~ - - , . _ ; -