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Home My WebLink About1538 i PROVIDEII, ALWAYS, that if the !1lortga`ot ahall pay u~to the `brtga~ea the indeb~ednecs rviJencrd by ~ cettain pr~xnissoty nole of which the followio~ in wocds and fi~urCS is s tru~ copy tawit: ~dy~+~~L ~~4~C s 1554.00 Mw~~, F~d. M~ 2+ FoR VAI.UE: ttFCF1VED We, 301nt1y and aeverally _ p~om~~ ~o P,y ~ cu the order o[ ^ ~ - - th 'ncipal a~tn o[ ne ousand Five Hundred ~'ift9 end No 1~ DOLLAR.S. to~ethc~ Ni?h inten-~ the from date at the ate oi te~ percent, per annum unW mat~uity, both principal and intecat beina payable in lawful mo~~ ui the nited Statea at 2244 Biecayne Blvd., Mumi, Florida, o~ at such other place as the hddua he~+eol may deaig~wtc in wr Principal and intereat piyabk in iast+Jlments aa fdbws:. Forty (540.00) Dollara per month, beginning on the 15th dey oP Ju~y, iy70 and continuing on the 15th de~y of each aad every month thereatter wntil paid in rull. This note may be prepaid in ~rhole oc in psrt dter oae yeac fran the date hereof upon payanent of a penalty equiva : r~ ~ to five percent of ti~e principal sum prepaid. " ~ Each inatallmenl payment thall be ct~edited first on tl~e interest due, and the remainde~ on principal; and interest ehall than upon ceaae upon lhe principal ~o cerdited. The makera and endotaers o[ this note further agrce to waive demand, notioe of non-payme~t and pmteat. and i~ the eve au~t x1~aU be bmught for the colkction hersof, or the eame has to be odkcted npoa demand oi an attorney, to pay reaeonabk at 's [ [or making such collection. Deferred paymenb hereunder shal{ bear inteerat at the rate of ten pa~oeat per annum from maturity until ~aid. • ~ Thia note is eecured by a mort~e~of e~en date here~rit6 ~d i~ to be con~trued and enfoe~oed aooocdu~ to the laws of the St of Florida; npon defanlt in tbepay ment of prineipal andlot inta~est ~r6ea dne, the whok eum d pancip~l and intereat re inina uapaid sha11, at the option of the holden, beooa~e immedwt~Jy due ~d papa6k. ~ ~ ~ / ~,s.~r~ r ~s~ ~~1~~ - - (SEAL) -L' ~ - (~EAL) ~ R'+~Pared bp Spickr ~t Ta~id~. Attu~neys -~0 Biaapae 81.a.. Mnaai. Florida - ar~d ~hall petkxm, c~anply with and abide by each and every the stipulations, agreements, conditions and cove- nants o( said promissory note and of this deed, then this deed ard the estate thereby created shall cease and bc null and void. 1. The Mort6agor hereby covendnts and agrees: (a) To psy all and ~iasulu the p~~ncipal and interest and otAer sums ot money payable by vir?ue u( sa~d promissay note and thls deed, or either, proa?pt1Y on the days reapec~ively the same sevetally becomes due. (b) To perm~l, cam?st or sufter no vraste and to ma~nu~n the improrements at alt temes in a state of ~ood repa~r and cundu~on, and to ~ do a permit ~o be done to sa~d prcm~ses eothins tdat v~il alter or chm~e the use and chuacter ot said property or ~n any ~ay ~mpa~r or F ~reaken ri~e secunty of tl~ia aart~a~e. And in case ot the refasal, ot{leet or iaability ot the Mortsa~or to repair snd maint~in ~aid proper- ~ ty, the Matptee m~y, at bis optiao, make such ttpa~rs or cauae tAe same to bt ieade, and sdvance money~ in ~hat behalf. ! ' (c) To pay all and sinjulu tht Uies, assessoenta, Icvies. liabilities, aad oblis~tiaas ot evtty nature on sa~d described property each ~ and every r6en due and paysble accadioj to la~, befatt tbey became delinquent, sad to delirer to tht Norl~ajee ~ or betae March E ISth ot each year tsx receipta tvideacia~ the paymem of al) la~rfully imposed ta:ta tor ~he preeedios calendar year; to indemnity the hlottp~ES upon hia demand fot all• uxes. assei~~ments and ch~r~u th~~ mar be ~ssessed upoa t6is mo~t~a~e oe the indebtedneas a~- cured hereby, and ~aid brahe matp~te, rithout re`ard to sny I~r heretotore eaacted a haeatter to se eaasted imposinj ?ayment of the rhole or any ~art thertot upon the !Natt~~~ee. , , (d) To pajr all and sir?julu the costs, 2hst~es and eapenses, includ~rt~ larytn' fees and abstnet costs ressonably ~ncurred or paid at any time by the M~xtaa~te because d the f~ilure on the p~rt of tbe ?lortpsor to pe~foru, cosply vith and abide by each and every the stipulatioos, a~reements, caditions and corenants ot said promis~oty aote aed this deed, ot eitAer, and every such~payment sA~ll besr interest ftam date a~ the nte of teo (IOS) per centwn,per annwn. (e) (t ia furt6e~ corenanted aad a~reed by said parues tAat in the event o( s suit bein{ instituted to (atclose this mext~ase, the M«t- p~ee ahsll be entitled to appfy s1 sny lime peadin~ auch toreclosute suit to the court lurisa jrri~dictioa thereof [a the ~ppo~ntment of a teceirer of all and ainiulu tAe ewrt~a~ed property, snd ot all reets. ieco~cs, prolits. issYes aad reveaues thereof, frae vh~tsoever source detired: and ehereupou it is Aeteby eapresilr corenanted aad ~veed that the Catrt a6a11 tortl~~itA appoint such receirer ~~th the usual powera and duties of receivers in like c~ses; aed s~id ap0oint0ent slull be w~de by the court as a matter of stritt ri~ht to the 61ort~~~ee, and withoat reterencc to We ~deqwcy or iasdeqn~c7r o( the vslue ot the property heteby sortsa~ed. a to the solrency a iasolvency of the Morts~~as or any other p~rty defendaet to such suit. 71~e Martaasa hereby spetif~t~lly waives the right to ob~etl to the appointment of a rcceiver as atotes~id and Aereby exptesslr conseats that euch •ppo~ntaent shall be made as an adm~tted equ~ty and ~s a isstter o( absolute ri~ht to the Mort~s~ee ~nd th~t tAe same may be done ~rithout notice to the ldort~~~a. , (f) Jf foreclosure proceedia~a should be instituted s~ainst the propertr corered by this mortp~e upon anr otAcr lien or cla~m whc~he~ a p~e. the Mortaa~ee awy at his option ~mmcd~a~ely upon mstituuon ot ~uch su~t £ alk~ed to be superior ot junior to t6e liee o! tAis nart ~ a durins tAe pendency thereof dtclare th~s ewrtp~e and ~he indebtedneas aecured hereby due and payable Ir+stbwlth and may at ~c. opt~on proceed to foreclwe this monp~e. ~ ~ Th~t tAe Mottp~a~ will keep all resl and petsonal property no~ ar herea(ter eacwnbered by the lien o( tAis mwtEa~e ~nsured as may et required trom time to time by the ~fort~a~ee at~~nst loss by (ire, w~a4stors and otAer hasards, caawlUes and conun~enc~e+ for su~h ~ ~ pu~ods ~nd far not less th~a such amounts as msy be required by the Mor~~a~ee and to p~Y prowp~lY when due s1I prem~ums (ar such inarr~nce. Tha amounu of ioanru~ce required by ~he 11ort~aaet s6a11 be the minimum ~sounts (ur ~61ch said insurance shall be ~rntten i ~ aed it shall be incumbent upon the Mortpsor to mainuin such additioaal in~ursnce ~s iuY be nccess~ry Io meet and comply (ully r~th •11 co-iaaurance requitaaent• co~tained in s~id polic~e~ to the ead that ~ht said Ma~{~~ar is not a cwinsurot thereunder.lnsurance ' ~ sball be ~rdtten by a cosp~or or cospaniea spproved or des~~nated br the Mortsasee ~nd ~11 policies and renc.als thereo( sAall be he1J j ~ by ~he 1Aatp~ee. All de4iled deaisnations by tbe MaAf~~or vhich ate accepleb by 1fie lilot~~a~ee and all ssreements betreen Mort{seor ` and Mortia~ee ret~tina to in~ur~nce. eor eaistin~ o~ here~(ter made. sAall be in sritias and sball be a pa~t d th~s ~aort6a~e ~~reemeni ~ ~s (ully ss thouih se~ fa~h retbauo 6eteio ~nd ahall ~orem both parties heroto ~od their xuccessors and assi~ns, No hen upon sny of ~ snd policie. of inswsnce w upon ~ny retund or return prewiwe Mhicb sar be par~ble on tAe c~ncell~tioo or termma~~on thereof, vhall ~ be ~iven to other rhsn the ~fat{~see, e:cept Ey proper endouement affi:ed to suth pohty and ~ppored by Matia~et: Each pol~cy nf insw~nce shall Mve •tfixed Ihereto a Standud Ne~ Yotk Mort~a~te Cl~use vr~lhatt Contribution, m~kin~ ~11 loss or ?osses uekler ,uch ~ policy pay~Dle to the Mortp~ee as its ~nterest ~ur ~PPear, ln the t+rent ~ny swn or su~as of monty becane psraDle thereunder the \Inr~- ~ p~ee sh~ll have the optian to receire and apply ~he s~ee on ~ccoYnt of tbe mdeAtedncss hereby secured. a to permit the ~1nrtEaR~rr ~ to rece~~t snd use ~t, a any part thereof, rithout tAeresr wair~n~ or imp~inr~ any equity, I~, a t~hi'u~der. and Ay vutuc nf fh~~ ~ aorlqse. In event ot loss or pAysicsl dsaiate to the sort~a~ed propetty the Mor~pja sh~ll~i im~nedi~lrnotice therco( by rra~l tu tht A1wt6sRet an.1 the !liortRasee msy mske prcx~f u( lo.. ~f tAe aamc ~s not made prumptlY by Ihe \turtEa~e~x. In c~~nt n( (ure~l~••ure . . ~ ~ ~ ~ ^ 8o~K184 ~1~~5 ~ ~ ~ . ~L ~~~z~ ~ ~ _ _ ~ ~ . ~ .