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Home My WebLink About0202 PROVIDFI~. ALWAYS, that if the Alortgagor shall pay unto the Mortga~ee the indebtedness evidenced hy a cetla~n ptomiasoty note of which the follov?•ing in wocds and fi~ures is a true copy taw•it: f ~ ~d~Ct~G ' ~ 2 225.00 _ Ma 28 ~ ~ ~ ~liami, Florid.L y 1'i ~ J I - - ~ ~ MUR VAI.UE RECEIVEU__ . pru~~~~-.• t.~ t..~. { tu lhr unlrr uf _ ~UvY ri: _y~''~~US'i ~ i ~~T.n~~n Q _ _ ~wo Tnoust~nd~wo unare _wen y_ iv~e an-a-~""~~~~.~,.a~z~. ~„~,~~i„•~ W~c~~ ~ thr pcincipa12.um uf thr~eun (nan date at thc ntC o[ trn pen:rnt, an~um until maturity, buth principal a~~d int.~~est b.•iug payaLlr 1(i IJN iUl IU(~U~'~ ~ thr. llnitcd 5tal"rr at 2'.3•14 Bi~;ayne Blvd., ~li~mi, Florida, ~ at auch uther place a.; thr huWCCS hcreuf may d.~i~~~~t.• ui wr~t~~~:. ~ 1'rincipal anJ intercrt payable in inrtallment+ ~[ulluwa: Fifty (~50.00) Dollars per month, beginn~ ng on the 15th da;~ o~ ; t 19?0, and continuing on the 15th da~y oi' each and every month t~erea:'~::~^~ ~ until paid in full. ~ . , i . ~ This note may be prepaid in whole or in part a[ter one year from th~ date heceof upon payment of a penalty cywval~n~ x io fi~•~ peccent of the princip3l sun~ prepaid. , F:acl~ in,lallmrnl payu~rnl sl~ail !x crr.ditr.d first ~~n the intercst due. ~nd thr remaindr.r on principal: and intcn••~ •I~all th~•r~•- ~ u~~uu rr~.w• upw~ thr principal ~ cnditcd. Thr ~uakrn and endur;ca: uf ~hir nute further a~e tu waive demand. nulicc uf num iaymenl and prolc.l, anJ in U~~• ~-~•~•u~ .uit >:~all L?r bruuRht fur thr cullcctiun hereu[, or thc same has to be ~wllected upun dcmanJ u~ an atturncy. to pay re+.wnaW~• attun~r~'~ Irr. fur making .•~~6 cullcctiun. ' ` 11~drncd ~?ayo~cn4~ hereundrr•hall brar inte~t at the nte oi ten percent pr~ aunum (rum maturity until paid. ~'I l~i. notr i.. aecured by a mortgagr.~of even date herewith and is to be construed and enfooced accordir?g to tl~e, law. of th. ' ~ ~tatr oI Flwida; upon default in the payment of principal andlor interest when due, the whole sum uf pnncip~l ~n~l intrrr.t ~ rrmaining unpaid :•t~atl, at the option of the Iwlders, become immediately dus pnd payaWa ~ ~ ' ,c1_, _ ~~I:AL; F k I - ~~i'.:~~.~ i Prep~red by ~pieler & Tendrieh, Attorneys - 2240 B~seayne Blvd., bliami. Flarida _ ( ar~J shall 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 created shall cease and be null and void. 1. The Mortgagor heroby covenants and agrees: ~ (a) To pay a11 and cin6ul~r ihc principal snd interest and other sums o( money payable by virtue ot said pr«nissory no~e and this ~ i S ' deed, or either, proapdy on tht days respectively the same sevenllY becomes due. , ! (b) To permi~, commit a sutfer no vsate and to mainuin ~6e improremeats at all limes in a state ot ~ood repair and condition, and to i ~ do or permit to be done to said prom~ses nothins tl~at rill alter or chaa~e the use and cAaracte~ of said property or in any vray impair a I 4 I reaken the security ot this mort6sse. And ia case of the refusal, nesltet or inability ot the Mort~a6or to repau ar.d mainta~n said proper- ty, the Mort~asee may, at his option, make such repairs or cause the same to be made. aad adrance iooneys in that behalt. (c) To pay all and cinsulu the taaes, assessments, levies, liabilities, u~d obliqtions ot every oatute on s~id des4ribed property each and ertry ~hen due and payable accadina to law, be(ore they become deliaQaent, aod to deliver to the Mort6a6ee on or betae March lSth of each year ta: receipts evidencias the payment ot all lartully imposed t~:es for.the precedina calendar year; to indemnity the ~~~6+6~e Yp011 AIS deaund (or all taxes, a.sessments aod chsr~es that may be assessed upon this ~aataase on the indebtedness s•- cured hereby, and paid by the mortsasee, vithout reeard to any la~ hereto(ote eoacted or herea(ter[o be enacted imposin~ ~ayment o: the whole or any ~art theteo( upon the Mort~a6ee. . (dl To pay all and ~insular the costs, charses and e:penses. includin~ la~ryers' fees and abstract costs teasonably incuned or paid at any ~ime by the Ma1Ea6ee becauie of lhe tailure on the part ot the Mort6atot to perform. compty rith and abide by each and erery the stipulat~aes, asrecments, conditions and corenants of ssid promissory note and this deed, or either, and evety such'payment shall bear ~ntcrest from date at the ra~e of ten (10'L) per centua per annum. (e) It is turther corcnanted and a~reed by said part~ea that in the event o( a auit be~ns instituted to (oreclose this mortsa6e, the Mort- as~ee shall be entitled to spply at any time pendin6 such (otecloaure suit to the court havin~ junsdiction thereof (or the appointment of a receirer o( all and sinaular the nartsa~ed properiy, and ot all rents. incomes, protits. issues and revenues thereot, from vrhatsoe.•er source derived; aod thereupon it is hereby e:pressly coreaanted and ~~reed t6at the Court shall forthwitA appoint such receiver W~th the usual pmrers and duties ot receivers in like c~aes; and said appointment shall be made by the court as s matter ot stric~ ri~ht to the Mortp~te, and rit6out reterence to the sdeQuacy or inadequacy of the value of t6e p:operty hereby mort~ased, or to the colvency or insolvency of the Mort~a~ors or any other party de(endant to such suit. The Morts~~or he~eby speciti~ally vaives the risht to object to the appointment of a teceiver ac a(oresaid and hereby eipressly coesents that such appo~ntment ahall be made as an adm~tted equ~ty - and as a matter of absolute ri~ht to the Mortp~ee aed that tAe same may be done ~ithout notice to the blortsa~or. (t) If forecloswe proceediap should be instituted a~ainst 1he ptope~ty covered by this aortp~e upon any other lien or claim-whether alle6ed to be superior or juaior to the lien of this mortss~e, the Mortaa~te may at his option immediately upon ~ns~itut~on of such su~~ or durin~ thr pendeecy theteof declare this mortp~e aeW the iadebtedness sec~red hereby due ~nd payable forthvrith and may at ~tc option proceed to faecloae th~s mal~asa (s) Th~t thc Matp~or rill keep all real •nd pessonal ptoperty no~r a heteaftet encumbered by the I~en of ihis mort~ase ~nsured as may be required fran time to time by the Mort~~aee a~ainst loss by (ire, windstam and other hazards, caswlues and conun~enc~es fur such per~ods and ior not less than such amounfs as may be required by ~he Mort~s{ee aad to pay proaptly when due sll prem~ums tor such ~nsurance. Tl~e ~aaunu ot iosurance required by t6e Alottiaiee s6~11 be the minimum aisoums tor rhich s~id ~nsur~nce shall be «ntten ~ and it shall be ~ncumbent upon the Mort~s~or to maintain suck additional inaur~nce as may be necessary to meet and comply (ully ~ith ~ all co-insurance requitemeats contained in said policies to the eod that the s~id Mortp~ot is not a co-insuror thereunder.lnsur~nce ~ shall be ~ntten by a casp~ay or compan~es app~oved a des~~nsted by the Mortsa~ee and all policies and reaevals thereof shall be held by the Mat~asee. All detailed desianations by t6e Mort~a~or rhich ~te atcepted by the Moct~a~ee and all sireements betreen Matp6or and Mlortp~ee relatros to insurance, nov eaistin~ or hereafter made. shall be in writin~ ~nd shall be a patt ot this a~ortq~e a~teement ? ~s fully as thou~h set torth rerbstim herein aed shall ~orern both parties hereto and their successors and assi~ns. No lien upon any of said policies af insurance or upun any re(und or return ptemium vhich aay be pay~ble on the c~ncellation or termination thereof. sAall . be ~iren to other than the Mort~s~ee. eacept by proper endorsement atfi:ed to such policy and ~pproved by Ma~~a~ee. Each policy nf ~nsurance shall hare atCxed thereto s Standud New Yak i~lort~a{et Clause vithout Coetnbut~ao. makin~ all loss a losses under +uch policy payable to the Mo~tp~ee as ~ts interest may appe~r. In the e~ent aey sum ot suas ot money becane payable thereunder the \fort- 6~dee shal) have the option to receive and apply the saa~t oo account o( the ~ndebtedness hereby secured, or to perm~t the \lnrtgaFrrr to receive and use it, or any part thereot, rrithout thereby waivin~ or impurina ~ny equity~ lien, or n~t under and by v~rtue o( thi~ mort~ase. In event~of loss a pArsica{ dama~e to tAe mort~ideA ptoperty the Mort~~aot shall ~ivt ~mmed~att notice Ihercot by rr~sl t~~ the Murtpsee anJ the M~xtRa6ee may make proof of loss th ame is not mad~irVVtly by the ~fotl6a6ot. In event nt tore~ln.ure o( y . OYVR ~A1rC . , i =~i _ - -z ~ ~x-~` ;