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Home My WebLink About2369 ~ ~ ~ : • ~ . f'RU~'IUEI~, :1LNAl'S. that ~f the \1ur~gagar shall pay unto the ~lortgagee the indebtedne;s r~•id~nr~J b~ .:ertain p~u~n~.~ury nutr ~~t wh~ch the follow~ng in vrurJs and [igures is a true cupy to-w~t~ 1 / i i/Gd~~~~i~~C I~4~G ; s 3~ 82~j . 0~ Miami, Florida Me~y 16 ~ 197~ j FOR VALUF RECF.IVED We, ~ointly and severally ~o~r ~ to thc ocder o( hSOj2RI~ N,1HMI. S d`" ~ ; ~ the princip.i eu~, oiThree Thousand Eig t~iun re wen y • ve LLARS, togethc~ wilh intettat i theeeon [mm date at the nte ot ten pcrcent~ per annum uetil maturity. both principal and interest bein6 payabte in lawful money o( the United Statea at 22~4 Biacay~e Blvd.. Miami, Florida, or ~t wch othe~ place ~ the hddus htreof may designate in Mrritina. i Principal a~d intercet paysble in inetallmenta as iollows: ~ ~ _ ~ Fifty ( 5~~0.00) Dollare per month, for sixty consecutive months, on i the 15th day of each and every month, beginning on the i5tr. day of July, 19?0, and continuing until the 15th day of July, 19?5, at which time the balance shall become due and payable. ~ This note may be prepaid in whole ot in part after one year from the date hereof upon payment ot a penalty equivalent to five peccent of the principal sum prepaid. Each installment payment shall be credited firat on the intecest due, aqd the remainder on principal; and interest ahdl there- ' upon cease upon the principal ao credited. - The rr~akers and endorsers of this note further agree to waire demand, notice of non-payment and protest, and in the event suit shall be brought iar the collection heroof, or the same has to be collected upon demand of an attorney, to pay teasonable attomey's ~ fee.~ !or making such cdlection. , Deferred payments hereunder ehall beu intereat at the rate of ten pcrcent per annum !rom maturity nnti! paid. ~ TF+ie nate is secund by a mortg,age' of evcn date herewith and ia to be conatrued and enfonxd according to the law(+ oE the - ~ State of Florida; upon default in the ayment of principd and~or intereat when due, the whde eum of principal.u~d Ihtereat u remaining unpaid shdl, at the option o the holde~s, become inunediateiy due an~yable. - /~?G --~u.;-~ c.'f%_ (SEAL) ' . ! ' ~ (SEAL) ~ Prew+ed br spieler dc Ta~drieh. Aceornry. - 22~w Bieca~ree BId., Miawi, _ _ 1r/ ar~J shall perfi~rm. cumpl~~ w~th and abide by each and every the stipulations, agreements, condition~ and cove- nants uf sa~d prum~ssory note and uf this deed, then this deed and the estate thereby createo shall cease and be null and void. 1- The !1lortgagor hereby ca~•enants and agrees: le) To pa~ rll rnd ~~ngulat the ~x~nc~p~l and intere.t and other sums ot money pa~•able b~ v~rtu~ o! ,aid prixmc.ixp notc and ih~. dred, w euher, prumptly on the days recprcu~rly the same se•~erally 1+rcanes due, lhl To permit, c~~nxmt w sutfer no ~raste a~d to ma~ntam the ~mprovements at aIl umes in a state of 6ood repa~r an~3 cond~uon, and tu d.. ~x permit tu br done to sa~d premeses nuthm~t thst M~11 alter or chanae the u.ce and charactet of said proper~y or ~n any ~•aY ~mpa~r ~x Meaken th~ cecur~~y of this morl6a6e. And rn case of the retusal, neElect or inability ot the 1?tort6aEor to repa~r and maintam said proper- ty, thr M~x~EaRrt may, at h~s op~~on, makc such tepa~cs or cause the samc to be made, and ad~-ance money~ ~n that behalf.. Ic1 To paY all and .m6ular the uxes, assessments, le~~es, tiab~lit~es, and obG~ations ot ert?y natute on s»d descnbed prope:~y ca~h and er•ery rhen Jur and peyable accordm6 to IaM, be(ixe they became delinquent, and to deliver to the MortRagee on or before A1~rch ISth ot eac6 year ta• r~ceipt. ev~dcnc~nE the payment o( all law(ully ~mposed taxes for the ptecedina eafemtar year, to inJemn~(y~ ihe ~turtgaset u{x~n h~s dema~d fur atl ta~es, a.ses~men~s and ch~r6ts that may be assessed upon this mortRa6e on thc indobtrJnr.. .urrd hereby, anJ pa~d hy the mortRagee, ~Ithcw~ regard to any lar herctofore enacted or hercafter io be enacted ~mpos~ng ~aymrm o: the whole or am ~att thrreot upon the !11~~s1Ragtt. Id~ Tu pay all and ~~ngular thr co.ts, charEes and expences, ~nclud~oa (awyers' (ees and abstracr co~t. reasonabl~• mcurred or pa::: any t~mr bti~ thr Vw~gagrc bea~u,r of thr failure on iht part of the MartEa6or to pttfnrm, comply w~uh and ab~de h~• rach and r~r~ ~hc .upul~tions, aFreemrntc, cond~t~un. and cov~nants of said ptomissory note and this dced, or ei~her, and e~ery sucKpaymrnt sha!! ~rer mterc~t (rom d~~r a~ thr rate oE ten (10°e) per cenwm per annum. (r1 It ~c (ur~her covenaated and ag~eed by sa~d paches that in the ev~nt ot a suet bem6 inshwted to foreclnce th:a r..~xtgagr, thc \1.Ki- gaaee shall hc em~Ued to apply at any t~me pendin6 such tweclocure ~uit to tAe court havms jutisd~etion thereof for tht appo~mm.nr of a rece~vet a( a11 and sin6ulu tht mortgascd property, and o( all rents, mcomes. ptofits, issues an~ rerenuec thcreof, from what.~.K~.:r c~wrce der~ved, and thereupon ~t is her~hy rapressly covenanted and aaretd that the Cwrt sha11 fortAw~ith appoint such receiver w~th the u.wl puwrrc and dut~es ot rece~~er. in Iike cases; and said appointment shall be made ~y the court a~ a matter ~.f .trict ngh~ th.- \1ort6aEee, xnd rirhout reference ~o the adeqwcy .x madequacy of the value of the property hereby murtgaFed, nr ro the .~•hrn, : or m.olvency o( the 1t~x~gagws a sny other par~y defemlant to such suit. The !?lortaa6a hereby specd~cally waives the r~ght a~ oh~r~ r to the appo~mmcnt uf a recerver a~ aforesaid and hereb~• eapressly cot~sents ihat such appo~ntment shall be m~d.- ~s an adm~ttca ryu~t> and a. a mafter of ahsolut~ ri6h1 to the Mwt6aEee and that tAe same may be done wrthoui notice to the Wor~a~ao~. (fl If foreclocure pnxetdinas shoutd be inst~tuted apinst the property covered by this r~r,aaa~ upon any othrr hrn or cl~~m wh.~h~ • alleaed to be .upenor a~unior to the lien of this mort~a~e, the Mort~a`ee may at h~s opuon iromed~ately upon m.utuuun ot ~uch .u~t or dunng the pendency thercof declarc this mort6a6t and the indebtedness secured hereby due and pa)able t~.:thw~~h .~nd may ec opt~oo proceed so foreclose th~s mortsa6e. (sl That th~ S}ortgaEor w~tl keep a!1 rea! and personal property nor a hereatter encumbered by the I~en of this mortgase ~nsured a. m.,. bc requ~red frexn hme to hme by Ihe \lortga6ee apmst loss by firt, winda~«m and other hazards, casualt~e~ and cont~ngen~~e. i.~r .u.~ penods and tor not less than such smoums as may bt requi~ed by the Mort~a`ee and ro pay promp[iy when due ait prem~umti fr~r .uch msunnce. The amounts o( msurance requ~red by the Mortaaaee sha11 be the min~mum amounts (w wh~ch sa~d mtiurance sh~~I bc anttrn and ~t sha11 be ~ncumbent upon the ~tort6a6or to mamtain such add~t~onal i~surance as may be necessan to moct and comply (uil~ ws~h all co-insurance requitemems conta~ned in said po6cies to [he end that the sa~d lNort6a6or ~s not a co-~nsuror thereunder.lnsurancc sb~11 be vntten by a company a compan~es apptoved or des~snated by tAe Mortgagee and all pol~c~es and renevials thereof shall be held by the !?tort6~E«• detailed des~6nations by the Mott`aeot which are accepted by the Mort6a6ee and all aareement~ between MortsaEor and Mort~a~ee tetshns to insurance, now~ eaistin6 or hertafter madt, sha11 be in snhaa and sha11 be a part of ih~s mcxtgaae aareemcnt as fully a. thouah cet frxth verbatim herein and shal! sovern both pa~ties hereto and thoir successors and assi~n.. ho ?ien upon .ny ~~f said pol~ciec ot ~nsurance or upon any refund or return piemium w+hich may be payable on the canetllation or terminat~o~ thereof, ~hatt be ~wtn to othcr Ihan Ihe Motlt~6«. ««D~ bY W~r endorsement sftixed to such pol~ty and ~pptoved by Mwtaagee. Each pol~~y nf ~nsurance sball have a(fixed thereto a Standard New York Mortp~ee Clause without Contnbut~oe, matins all loss ~N losses unJer .uih policy payable ~o ~he Morte,a6ee as ~ts ~nterest may appeat. In ~he event aeq sum or sums o( rtaney became paysble th~rcunder the ~lort- saace sh~l1 hare the opt~on to receive and apply the ssme on ~ecount ot the ~nde6tedness he~eby secured, or to permit the \1ort~aR~~r ~o rece~ve and use ie, or any~part thereo(, r~thout thereby vraivms a impa~nr?e any e uity, I~en, or nslft undrr and by vu~ue o( th~. mort~a~e. (n event of loss or phys~cal dama6e to the mort`ased 4roperty the~lllort6~6a ~~N R~ve ~n+med+ate noucc Ihctrnf hy Tst1 tAe Murtsa6ce and ihe \t~rtgi6ee may make proo( i~f lo~. ~f the ~amc ~s no~ made promptly by the ~lortgagor. In c~rni ~~I I~~re~ln.ure ~~i BOOK~O~ PACE2~~s