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Home My WebLink About0119 PRUVIpF(1, AI.WAYS, thst if the ~1ort~atot shall pay unta the ~lort~a~ee the i~debtedness rv~Jencrd by a cetta~n ptom~asoty ~ote of which the follov?•i~~ in vvocds and fi~u~cs is a ttue copy to-wit: ~ ~ ~ ,y : ozt~~ i•.a _ ~3'-- - ~''7~ ~ ~ 525 • 00 _ :1li~mi, M lo~ida . _ _ ~ ~ ~ Ft?K V.~I.UE K~CEIVEU=----_- I _ pn.~ui~• t~, Nr~ ~ , , - . _ - ~i 3/1~0 - _ : ~ + th~ urdr~ u( ~~LL i ~ :L•~::.... ~ , - , g : prio~• a l w m o i ~evcn i~oLSa::.. ive Kun r~ e~ •~~e n~,j _ive_ c~ t~c1Lt.Alt~. <<,~;.•~h~•~ Nfu~ ~ ~hrtrun (~uu~ date at tl~r r+te uf ten pen:rnl, ~r annum until maW~ty, twth princi~,al +ud int~~n:.•t l,~~iug p~y+Llr 111 IJM ~UI tllt~llt'\ ~~1 ' the Unitr~ ~tatrx at '..'..''~W tti..cayoe 131vd., \liami, ~ioridr; ur at such utl~e~ placc a.~ tl~r huldcca hercut may dc-igu:+t~• i~i Nnt~n~. 1'rincipal and i~tr~xrt pay+ble in in.talimen4~ a.i fulluwa:' ' ! One Hundred Twenty (a120.00) ~ollars per nontr., for sixty (60) consec- ~ utive months, on the 15th day of each an~ ever~ ~ontb, beginnin;;.on the 15th day of Jul~r, 19?0, and continuinj until tne 15th da,y of Jui~, ~9?5, ~ ' at which t ime the balance shall become due and payable. i . Th~a note may be prepaid in whole or in part after one year fcom the date hcreof upon payment of a pe~alty zyuivat~nt ~ f~vc percent of the principal sum prepaid. , ~ b:arl~ io-tallmrnt paymrnt ~~all be crr.dilCd Crst on the inttrest due, a~d th~ remaindec un }?rincipal: and intrn•-~ •h~ll 11~rrr- $ u~x?u cra.•r upun the pr~nc~pal w~trditrd. ; : y'I~r ~uakrn :+nd cndo~rn uf this nutr. further agree to waive demand, nuticr uf nun-pay~uent +nd protc.t, anJ in t!?~• ~•vrol .-~it , ~ ,.I,~U t~r bruuKht fur the collection hereui, w the s~me has to be cullected upun demand of an atturney, tu pay na.wn+Ll~• atturnr~~'r ; ~ fur making auch cullectiun. ' _ 1)rfrttrd paymentr hereunde~ ahall beu interr.l at the rate of ten percent per an~um frum maturity until paid. "1'hi.• note is secured by a mortgage~of even date herewith and is to L.~ construed and enforced according to tt~e law, o th~ ~ ~ ~tat~ oi t'lorida; upon default in the Payment of princiRal andlor intereut when due. the whole sum oE prin~~ipal and int xt ' rr~ruining unpaid shall, at the option of the holdecs. become immediately due and payable. n~ J~~~t= /`j ~=~r: , ! iL ~ _ (tiE:~L) ; . ~ _ (`F::11.; Pr~~.+rrd hy ~prclet ti Tendri~h. Atturntys - 2240 Rw'ayne Rlyd_, Miami, Flaida ~ t arNl shall perf~xm, 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 cceated shalt cease and be null and roid. 1. The Mortgagor heteby covenants and agrees: fa) To pay all and sin~ulu the princ~pal and interest and other sums ot money payable by virtue ot said promissory note and th~s deed, or eitder, promptly oo tde days respecurely the same severaiiy becoaes due. (b) To permit, comm~t or sufkr no vaste a~d to maintsin the improrements at all times in a state of sood repair and cond~t~on, and to do a persit to be done to said, premises nothin~ 1b~t xill alter oY chan{e the use ~od ch~racter of said properly or in any Wsy impair or •reaken the security of this mortpte. And in case of the tetusal, ne~lect or inability of the ?lort~a6or to repair ar.d maintain s~id proper. ty, tAe Ulortpste iaay, st his op~ia~, mate such repaits a cause the same to be made, and advance moneys in that beh~lt. i (c) To pay all and ain~ulu 1he taies, assessmeats, le~ies, liabilities, and obliqtions of every nature oo aaid described. property each ! and every ~rhen due and payable accotdins to larr, betae ther become deliaquent. aed to deliver to the Mort~a~ee on or before March lSth ot e~cb year u: receipts evideacins the payment of all IavfullY imposed ta:es for.the ptecedina ealendar year; to indemnify the Mortq~ee upon his demaad fo~ all taaes, assescments and charses that may be assessed upon this mortaa~e on the indebted~ess s•- - cured Aereby, and paid by tht mort6atee, vithout re6ard to any lav heretofore enacted a hereafter to be enacted imposin6 ?ayment of tAe rrdole a any ~art thereot upon the Mott~asee. (d) To pay all and sin=ular the costs, charses and ezpenaes. includin~ la~ryers' fees and abstr~ct costs reasonably iacurred or paid at any ~ime by the Mort6sEee because of the (ailure on the part ot the Mor~sa6or to perfotm, comply ~vith and abide by each and every the stipulations, a6reements, conditions and covenants ot s~id promissory note and this deed. or either, and every such~payment shall bear interest trom date at the nte ot ten (10'L) per centum per annum. (e) It is furthet corenanted aod a`reed by said psrties that in the e~ent of a suit beins instituted to (aeclose th~s mor[~ase, the Mort- q{ee sAa11 be entitled to apply at any time pendin~ such (oteclosure suit to the coun darins junsdictim thereof for the sppo~ntmen~ of a receirer o( all and siruulsr the mat6a6ed propertr, and ot all tents, iacomes. pto(its, issues and revenues thereof, from ~hatsoever source derired; aoE t6ereupon it is hereby e:ptessly coveasnted aod a~teed tbat the Cwtt shall totlhrrith appoint such receiver v~th the usual po~rers and duties of rectivera in like c~ses: and said ~ppointment shall be made by the court as a matter of strict risht to the Mortaa~ee, and ~rithout reference to the adequacy or insdequacy of the value ot t6e ptoperty hereby mat~ased, a to the solvency w insolvency of the 6Aortss~ars ar any other party defeadant to such suit. The Matja~or heteby specitically wsires tMe ~ight to object to the appointment ot s receiver as a(oresaid and hereby e:ptesaly consents that such appoinunent shall be made as an admitted equ~ty and as a ieatter ot absolute ri{At to the Mottpsee and that tAe same oay be done ~tthout nbtice to the Mort{a~or. (f) If foreclosure proceedia~s should be instituted a{~inst the property eorered by this mottp~e upon any other lien or cla~m whether ~ alle6ed to be superior ot junior to the litn o( thia mort~a~e, the Mort~a~te may at his-option immcdistely upon mstituuon ot such su~t a duria~ the pendency t6ereot decl~re this ma~t~~~e and the indebtedness secured hereby due ~nd payable (ortAvith and may at~~s . opt~on proceed to faeclose tl?is mortp~e. Tb~t the Mort~a~or aill kecp all real ~nd personal propertr nor a Aereatter encwobered by the I~en ot this aort~a~e in~ured as may be required from ~ime to time by the Morts~`ee a~ainst loss by tire, windstorm and other hazacds, casualties and contmsencies for such per~ods and ior not less tbaa such amounts as may be requ~red by the Mortqfee aad to p~y prosptly wheo due all prer..~uma for such insurance. The uwunts of iaa~rance required by the Mortia~ee s6a11 be the minimum aaaunta fot wrhich said ~nsur~nce shall be wntten and it shall be IMYOIbtAI Yp011 th! Atort~a~or to ~iatain such additional insur~nce as aay be necessary to mee[ and comply (ully W~th - all co-insur~nee requitaoents contsined in said policies to the ead that the ssid Mortsa~ot is not a co-insuror thereunder.l~surance shsll be rritten by ~ caspaor or compaoies approred or deai~nated by the Mort~s~ee and all pol~eies and renewals thereo( shall be he1J by the Mat~a~ee. All detailed desisnations by the Mort~agor which ~re accepted br the Mortp~ee and all aareements betw~een Mort~asor ard Mort~atee relatm~ to insurance. noo e:istin~ or here~fter made. sA~ll be in ~ritins and s6af1 be a part of this ~aortp~e a~reement - as tully ~s thou{h set fotth ~erb~tim herein aad shall ~overn both p~rties hereto and theit successors and sssisns. No lien upon any of s~id policies ot insuranct a u0oa any te(und or retum ptemiua~ ~hie6 may be payablt on the caecellatioe ot ' ermination thereof~ shall be ~iren to aher tAsn the Mon~a~ee, except by proper endorsement ~tfi:ed to such pol~cy and ~pprored by Mort~a~ee. Each pol~cy of insuianee ahall have atfixed thereto a St~adud Ne~r Yak Mort~s~ee Clause ~rithout Contribution. aiakin~ all loss a losse~ unJer such policY psrable to the Alatt~a~ee as its interest ~ur appear. In the erent ~ny sum or swa+ of money becane psyable thereunder the ~1ori- sa~ee shatl have the optioe to receive and apDly tbe ssme on ~ccount ot t6e iedebtedness hereby secured, a to perm~t the \lortgaEnt to teceire and ust it, ot any part lhercot, rithout thereby w~ivins or impairit?~ sny equity, litn, ot n~ht under ~~d by vutue o( th~. _ mortp~e. !n erent ot loss or physicsl dama~e to the mortaa`ed property the Mort~aeor sh~ll dive immedi~tc noUce tAercnf by mail t~~ 1he 41ort~a~ee ~t ~he ~Mr~Esaee may make proof of toss ~f the came ic no1 made ptumptly by the \tort`asa. In event (ure~l~~wrc ot . ~ ' BooK 1~5 ~~~E 120 ~ _ . z~: _ - ~ _ - _ - . }