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Home My WebLink About2154 ~ PROVIDEn, AI.WAYS, that if the \lortgagot shail pay unto the bbrtgagee the indebted~ess ev~Jencrd by a certa~n promissory note of which the follow•ing in words and fi~ures is a true copv tawit: ~d~~;~~~ ~ S 4~~j2~j' . 00 _ ~li,,nii, Fiwida MaY 9 t _ 19 We, ~ointly and severally ~ ~ FOR VALUN: RI:CEIVED ` - prumise to pay ( ..zl.=---,> ~ - - , _1_=: ~ ( tu the de~o[~_~U~L:~R Rnd ~''`"2' ~'T ~ ~ ~ ` _ _ ~ the p cipal sum oi FOLir ThoUSBlld S~ven Uri re ` wenty-~ive Uc~LLnftS, togethcr with intere,.t thereun from date at thc rate uf Icn pcrecnt, ~x~~ annum until maturiq, both p~ncipal and intcrest being payab,~ =n law(ul moncy uf the U~ited Statcs at `.32~L~1 Bircayne l31vd., ~fiami, Flocida, or at such other place as the hotde~x hereof may ~~aignate in writing. Principal and inteceat payable in imtallments aa follows: ' ' Seventy-Five (~?5.v~; Dollars per mont?z, for sixty (60) consec::tive ' months, on the 15th day of each and every nonth, beg~nning ~n the 15th da,y of July, 1970, and continuir.L un~~l the 15th da4y J~.'_~ ,'-??5 ~ at which time the balance shall become due and payable~ : ~ f ~ This note may be prepaid in whole or in part after one ycac from the date iureof upon payment of a penaity ec ~ tu five percent of the principal sum prepaid. Each installment payment shall be credited fust on the intecrst due, and the remainder on principal; and inte:._~t ~~all thrr•- upon cease upon the pnncipal so credited. ( The makers and endorsera of this note further agree to waive demand, notice of non•payment and protest, and in the event suit { shall be brought for the collection hereof, or the same has to be collected upon demand of an attornsy, to pay reasonable attorney's ter.a [or making such collection. . Deferred payments hereunde~ ahall beu interest at the nte of ten percent per annum from maturity until paid. This note is secured by a mortg~ge~of cven date herewith andis to be conatrued and enforced according to the laws of State of Florida; upon default in thepa yment of principal and~or intecest when due, the whde sum of pnncipal.snd intere. remaining unpaid shali, at the option of the holdera, become immediately du .~a P.ra e. > ~L'-LY ~ (SEAL) v. ~ ~ JiJt, ~O C .~c c~:~... ~ (SEAL) Prepared b~• ~pKier & Tendrich, Attorneys - 2240 Biecayne Blvd., Miami, F~ ' ar~J ~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 ereated shall cease and be null and void. 1. The Mortgagor hereby covenants and agrees: (a) To pay all and cin`ular the principal ar~d iaterest and other sums o( money payable by virtue o( said praoissory note and this I'~ deed, or either, prompUy on ths days rospectively the same severally becomes due. i (b) To permit, coro~t or s~[ter oo ~raste and to maintain the improvemeals at all times in a shte ot sood repair and coed~tion. and to M do or perm~t to be done to ssid premises nothin~ tbat w/il! alter or clun~e the use aad cAttacte~ of said property or io any rray impair or i +~taken the secur~ty o( this mat~ase. And ia case of the refusal, neslect or ieability ot the Mort~asor to repai~ aed maintain said proper- ~ ty, the hb~tpEee maY. at his opt~oe, make such repairs or cause the sa~ee to be made, and adrance mooeys in that beh~lf. (c) To pay all and cinsulu the taies, assessmenta, levies, liabilities. and obliptions ot every nature oo said desctiEed property each f and every v6en due and payable sccordins to la~, betote they become deliaq~ent~ and to delirer to t6e Moress~ee aa or Aetae March ! ISth ot each year ua receipts evidencins the psyment o( all lawfully~ imposed taxes tor.the preeedins ealendar year; to indemni(y the ~ Mort~aeee upon his demand for all taxes, acsescments aad char~es lhat may be assessed upon this mort~a~e on the indebtedness cured hereby, and paid by the mortaasee, vithout resard to any lan beretotore eaacted a hereafte~ to be enacted imposins aayment oi ~he r•hole or any ~art thereof upon the Mort=a~ee. (d) To pay all and aineular the costs, charaes and expenses. includia~ laryers' (ets and absU~et costs reasonably iacuned rx psid at any ~ime by the Matesaee becauce of ~!?e t~ilure on the p~rt of the Mortsa`or to perform, comply ~rit6 and abide by each and every the stipulat~ons, a6reements, conditions and corenants of said prooisaory note snd tAis deed. a eit6er, aad every such"payment sAsll bear mtcrest trom dsto at the rate ot ten UO'G) per centum per annum. lcl 1~ is turther corenanted and s~eed by aaid parties thst in the e~ent ot a suit beins instituted to (oreclose this mort~aae, the Mat- ~ 6s~ee shall be entitled to apply at any time peedins suc6 (oreclosure suit to tAe court 6avins jurisdictioe thereo( ta tl~e appo~ntment s o( a rece~ver o( ~II and sir~ular t6e ~t6s~ed property, and of all tents, incoa?es. profits. issuea aad reveauea thereot, from whatsoever ~ source derired; and thereupon it is hereby eapreasly covenanted and a~reed that the Court shaU forth~rith ~ppoint sncA receirer ~r~th the ususl po+verc and duties of receivers in IiYe cqea; and said appointment shsll be made by tde court as ~ matter of strict ri~ht to the Mortsa~ee, and w~~th~ut re[ereace to the adequacy or inadequacr ot the value of the pcoperty hereby mortsa~ed. or to the solvency a insolvency o( the Mortsa~ors a any othcr party defendant to sucd suit. The Mortsasor he~eby specifie~lly ~aive~ the ri~ht to object to the appointment of s receiver as aforesaid and hereby exptessly caesenta th~t suth appointment shall be made •s an sdmitted eqwty and as a matter of absolute ri~ht to the Mortp~ee and that t6e ssme eay be done ~ritliout aotice to the Mort~~~or. ~ (f) I( foreclosure proceedinp should be instituted apinst the property corered by this mortp~e upon aay otLet lien w cla~m whether allesed to be superiat ot junior to the lien of tAis mortsa~e, the Llort~asee euy at his option imoedi~tely upon mstituuon of such suit g A or durin6 the ptndency thereo( detlate this mort~~~e •ed the indebtedness secured heteby due and p~yable torthwith and msy at its option proceed to forecloae tdis motts~je. Th~t the Matp~or rill keep all real ~nd personal property no~ a ~eteafter aecumbered by tht I~en of this mort~a~e insured as msy ~ be required tran time to time by the Mortsa~ee a{~inst loss by fite, rinds~orw and other haurds. caswlues and contin`encies for such ~ periods and fa not less Wan such aoaunts ss may be required by the A/ortpjee ~nd to psY proapUy when due all premlums ta such msur~nce. The smounta of in~uraoce reqnired br We Mort~a~ee shall be the miniwe amounts (or vhich s~id insurance sAall be w~ritten ~ and it shall be ~ncuabcot upon the Mort~asor to maintsin such sdditioaai insutu~ce as may be necessary to meet and caeply tully Mith ~ •11 co-insur~nce requireoents contained in ssid policies to the eod that the s~id Mortp~or is na a co-inwror thereunder.Insur~nce shsll be rrritten by ~ coopaar ot coopanies spprored ot des~~nated by the Mortis~ee ~nd ~II policies aad rene~als tAereot shall be beld ~ by the Matq~ee. All detailed desi~nations by t4e Mort~a~or wrhich ue accepted by the Mottaa~ee ~nd sU s~reeseots bet~een lilotts~~a ~ and 1~lort~a~ce relatins to iusurance, no~ exisuns or hereafter made. sbsll be in rritin~ ~nd shsll be s put of this mortp~c a~rcement ~ as (ully ~a thousA set torth rerbatim htrein aad shall ~orern botb patties hereto snd theit snccessors and ~ssi{ns. No lien upon ~ny of s~id policies of insurance or upa~ ~n~ reta~d or return preoiu~ rkic~ ~ar be p~yable oo We c~ecell~tion a termiaation tAeteof. shall 'Y be ~iven to other than the 6lortq~ee, except by proper endorsement af(ised to sucA policy and approved br hlort~a~ee. Each policy o( ~ iasur~nce shall Mve atfixed thete~o a Standvd New York Mortp{ee Clause ~rithou~ Coauibution. aakin~ all loss or losses uncler such ~ policr paY~ble to the Morlp~ee as its interest ~sy appear. [n the ereot aay sue or swss ot ooner become par~ble thereunder the ~fw~- ~ ss~ee shall hare the option to receire aad apply the s~~e oa accant ot ~he indeptedness hereby secwed. a to permit the ~Snrt~aEor lo receive and•use it, ot anr part therto(, wit6out theteby raivin{ a ispairin~ any equitr~ lien~ or r~{ht under and by v~rtue of th~. ~ a~atp~a In event of .I~ss or physical daina~e to the mort~a~ed property the ~lortp~ar s6aU ~i~e ~mmcdi~te notice thereo( by rr..il to ~ the Matas~ee and the M~xl`asee may make proof of loss if the iame ~s not made promptly by the ~1atp~a. In event o( taecl~~wre of ~ . ' ' 3tY~ _ . . ~ ~ . _ - . _ -c,.-