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Home My WebLink About2134 i PROVIDi:fl, ALW'AYS, that if the ~io~tgagor shall pay u~to the Alortgagec the indebtedness ev~J~nced by a certa~n prwniasory nute of which the foilow~ing in words and figures is a true copy to-wit: ~ ( 13~5 • ~ ~°~t9ag~ ~Zot.~ ~;ay 9 , i97o ~ ~ s-___ _ - 11L~~~u. Flor~d~.-- - - - - - ~ - - ~ . - yl - ` . FUN VAI.Ut: RF:I:I~:IVE11. _ ~~y p l -~umi~r tu Wy ~ th~ onlrr ui ~T~1Z ~ ~ . ~S~ ~~~~r~~~'+~.Z,~_i _ . a[IQ~G~ Q~J _ - • - ' i pnnci~?al xum u( OIIe .ThOLi38rld Thre@ Huadred Twenty-F~V9 _ (H)~,~,AK.~. ~~~.•~h~•~ w~th inten~t 1 thenx~n trum date at thr ratr of ten prrrcnt, pet annum uoUl maturity, buth E?rinc~pal and iMrra+t br~uR payablr u~ law ~I rnuw•y uf _ th' llnitrd ~tater al ~.'.44 Hi.w~ayne Blvd.. Pliami. Florida. ur at such other place aa the hulJea. hr.?ruf may dr.~~;n~~~• a~ wnlinK. ~ Yrincipal ~nd intereat payable in instdlmentx aa fulluKa: I ; Thirty ($30.00) Dollare per month, beginning on the 15th day c~ ~Lly, 19~7., and continuing on the 15th de~y of each and every :~onth !-'~~r~- after until paid in full. Th~s nate may be prepaid in whole or in patt aftet one year [rom the date hereof upon payment of a. .alty eyuivalrn~ t~~ f~ve percent of the principal sum prepaid. F:acl~ in~tallment payment ehall be eredited Crst on the interest due, and th~ Kmainder on principal: and ~n~e~+r.~ -?,.11 t{~.~~. ~ upuu rr,~v u~wn the principal su credited. ! Tlir n~aken~ and endorse~ uf this note further a~rr.e to waive demand, nnti~~ ui nun-payment and protext. ~~~n in t~~• : Jw 1?r bwught [or the collection hereo(, or the ~:ame has to be coliected upun demand of an attorney, to pay ~a+wnaba ~~t~.~~~, frr. w making such cdlection. ~ Ilrfrned psymenta hereunde~ ahall bear intetest at the nte of ten perc~nt pe~ annum (rom maturity u~til pa~d + 7~hi+ note is xcurcd by a mort~e~of even date herewith and is tu be conetrued and enforoed accordina to th~ 1 ~h. ~tat~ of E'lurida; upon default in thepa yment of principal andlor intereat whe~ due~ the Mrhole eum of principa! a~~d ~ rr.~ ~rmaining unpaid shdl, at the option ot the iwlders, became immediatdp due and payabk. - , r ~ ~ L~ ~..ze ~_-~..e~ - - _ ~ . ~w.~a ur ~Kkr a r~ar~. ~~~o~r. - 224o e~,r~e e~.a., ~am~, F~o~w. ~ ar~d shall perform, comply with and abide by each and every the stipulations, agreements, conditions and cove- ' nants of said promissoty note and of this deed. then this deed and the estate thereby created shall cease a~td bC' ~ null and void. l. The Mortgagor hereby covenants and agrees: (a) To pay all and cen6ular the principal and interest and other sums ot money payable by virtue of said promissory note and this deed, or either, praaptly on the days respectively the same severally becomes due. II lb1 To permit, casmit or sutter no ~raste a~d to mamuin the improvements at all t~mes in a state of 6ood tepair and cond~tion, and to do or perm~t to be done to said prem~ses nothin6 thst vill alter or chanse tbe use aad c6aracter of said property or in any ~ray impair or ~eaken thc security ot this mortsaee. And in case o[ thr refusal, netleet or inability ot the Mort6a6or to repair srd mainuin said proper- ty, the llfortpeee may, at his opt~on, make such repaira or cause tNe same to be made, and advance moneys in that beh~lt. (c) To pay all and clnautu the taies, assessments, levits, liabilities. a~ oblisatioas ot every nature on said described property each and every WAen due and payable accordin6 to la+r, before they become deliaquent, and to delirer to the MortEa6ee on or betore March lSth ot each year taa rcceipts evidencin6 the paYment of all larfully imposed taxes tor the preeedina ealendar year; to ~ndemnify the 1?lorteasee upon his demand (or all ~axes, s~sescments and charses that may be assessed upon this mort6ase on the indebtedness s•- cured hereby, and paid by thr mataa6ee, wr~thout re6ard 1o any law~ heretotore enacted ot heresfter to be enacted imposing ~ayment oi the ~hole or any ~art thereo( upon the Afort6aeee. (d) To pay all and sinaular the costc, charaes and eapenses, includins lawyers' tees and abstract costs reasonably incurred ~x paid at any ~~mr by the MortEagee because of the (ailure on the part ot the Mort6asor to pertorm, comply vith and abide by each and every the st~putx~~ons, aareements, conditions and cove~ants of said promissoty note and this deed. ot eithet, and every such'payment sha11 bear ~ntcrest from date at the rate ot ten (IOt) per centum per annum, i (e) It is (wther covensnted and aaeed by ssid part~es thst in the event of a suit beins inst~tuted to factlose this mott~aae, the Ma~- 6a~te shall be entitted to apply at any time pendins such toreclosure suit to the court davins jurisdiction thereof tor the appom~men~ of a receiver ot all and sin6alar the mortga6ed property, and ot all tents, incomes. ptofits, issues and revenues thereof. from whatsx~er ! source derired; and thereupon it is hereby expressly covenanted aad a~teed that the Coutt shall (athwrith ~ppoint such receirer with ~ the usual porers and duues of rtceivers in like cases; an~ said •ppointment shall be made by tht court ss a matter o( strict ri~ht to the Morteasee, and w~~thout te(erence to the adequ:cy or inadequacy o( the value of the property hereby rmort{a6ed, or to the solrency w insolrency o( the Mort~a~ors or any other party defendant to such suit. The Mortsa~or hereby specific~lly waives the ri~ht to object to the •ppointment of a receiver a~ ataesaid and hereby expressly coesents that such •ppointment sh~ll be made as an admitted equ~ty f and as a matter ot sbsolute risht to the Matpact snd that the same teay be done without notice to the Mort{asor. ~ i (fi If foreclosure proceedin~s should be instituted a{~inat the property covered by this mort~a~e upon any other lien or claim whethcr alle6ed to be superiot or junior to tlie lien of this mat~ase, the Mort~a~ee may at h~s optioe imtoediately upon ~nstitut~on of such suit ~ dur~n~ the pendency thereof deet~re this ioott6ase and the indebtedness aec~red hereby due and p~yable forthwith and may at its oplion procted to fwtclost this morl{ase. That the Matpsor w~ill keep all real and personal ptoperty aor or hereafter encumbered by the lien ot this mort~a~e ~nsured as may be required trom time to time by the Mort~~see a~ainst loss by tire, windstam and otDer hazards, casualties and contm`encies fur such per~ads and fa ewt less tMan such aaaunts as may be requ~red by the Mortp~ee and to p~y proo~ptly ~hen due all prem~ums for such ~nsurante. The ~mouota ot ieautaace required by t6e Mortiasee s6a1) be tAe mioimum amounls for vh~ch s~id insurance sha11 be vntten and ~t shall be ~ncumbent upon the Abrt~a~at ~o mainlain such ~ddit~onsl insur~nce as may be necessary to meet and comply fully with sll co-insuranee requirements conhined in said policies to the eod that the said Mort~a~ot is not a cwinsuta thereunder.lnsurance shall be ~ntten by a canp~ay or caopu?ies approved or des~~nated by the Mort~a~ee and all policies and renev~ls thereof shall be held by the Matsasee. All detsiled desi~nations by the Martsaeor vrh~ch are accepted by ~!?e Ma?p~ee and all asreements between More~aeor and Mortsa~ee relatm~ to inaurance, now eaistin~ or 6eteafter made, shall be in rritin~ and shall be a part of t6is mortsa~e a~reement as (ully as thouah set (ath verbau4 herein and shall ~orern both patties htreto and their successors aod assi{ns. No lien upon sny ot i said policies of insurance or upon any refund or retum premium ~hich s~y be p~yable oo the c~neellation or termination thereof~ shall be siven to other than the Mott~aate, except br proper endorsement affi:ed to sucA policy and approved by Mort~a~ee. Each policy of ~nsur~oce sA~ll have atfiied there~o a Stand~rd Ne~r Yotk Mor~~aaet Clsuse w~thout Coatribut~on, makins all loss or losses under ~uch policy payable to the Mortp~ee as its interest ~eay ~ppe~r. In the event any sum or suss of money becane payabte thercunder tAe ~1ort- gasee shall hsre the opt~an to receire and apply the s~~se on account ot the ~ndebtedness heteby secured, or to permit the \~ortEa~enr to receive and use rt, or any part thereot, without theteby ~aiv~n~ a impairini any equ~ty, lien. or nsht under and by vutuc of th~. mort~sse. In eveQt of lo~s or physecal dama~e to the mat`a~ed property the Mortp~ot sh~ll ~irt ~mmedute noUCe thercvf by rr~il t~~ ~c Nurtsa~ee anJ ihe ~Mr~Eaaee may make ~+rrx~! of loss i( the came ~s not made p~omptly by the \tort aga. In event n( t~xe~lnwre o( 840K~8~ PACE~~J~ ~ ._l; _ _ _ - : ; _ . _ _ s. '~~w