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Home My WebLink About0701 ' PROVIDEn, ALWAYS. thst if the Mortsa~ot ~hall pay unto the hbrt~asee the indebtedness evidenced by a ~ ce~t~ie promisso~y note e?f which the followin~ in wocds ~ad ~~ures is • ttue copy tawit: ' _ ....__.....~.~...,..~....s.~.. _w . - _ , * II{.~~~G'~~v i'y~vv . ~n ~ r ~ _ ~ 1 J ! / ~ "O ,ll.:Illi• i~ ~Ulll~~l__' ~ ~ ? ' . r ~ , l',~~I\ `/'~L~~C. I\C.\.~.~~~C.I~ ' •'+y ~ G~~~~.~J . .'.C :i :L i: ~ f _ j~:~i..l. ~J F.3\ ~ i ~ tEir unlrr ui _ "t - - ~ - ~ - - . . _ ~ ~ ~ ~•~,~~«<~~~~~~.~,~~»tL~:e ~__~us~~~= .;i"r_a L;:::~re~ .:e_r~:_.~_,_~ive_.::.-'.:~i~ v~:;~.~ ~ ~ ~ - - ll.l.~ u •~•t.~~•r ,u~~•r••-1 . i ~i rrun (ruu~ dstr at th.• ratr u! trn Ex:nent. prr annum unlil maturi?~•. L•uth ~srincij,a! aud i~?t~•n:,t i.~•inr i,ay.,i,t~• i:, i,,N thr t'nit~•d ~tat~•• at Ki.caynr 131~d., ~liami. Flu~ida, uc at •uch u:Li:r plsc~ a.: il~r huld~rn h~•rcul ri::,~~ ~~•.,~;z~,.;~• Prinri~?al and ir:~•,<~-: Ei~~~aLlr in itistalimcnts as fullow,: ; ` ~'o=~y ~ire ('.;~=5.00) Dollars per ~or~t:~, ~e~~: c_- : ~ _ ~ _u~~st, 1~~70 : ne. co~ti_~uin;; on t?~a ' L'= ~ ^ J~ --y ' - ~~t~_ ~.a~j OI C:;~.r c..1~ G"v ~ ~ ~Y~ereafter until paid i~ z"ull. , • ~ . ; ! , I. J This natemay be prepaid in Khole or in p:ut after oneyear Crom the date hereof unon paymcnt :Ti a_: : tu tivr percrnt of the princ:ipat sum prepaid: ' 1::~~•1~ i~?~t:?limr.nt paymri~t •l~all tN: errdited ficst un the intrrest due, and th~~ cemainder un princiE?:il; anu i::t~~~~~-t -:~.:?E tia=•r.~ • upun r~•a~.• upun thr ~trincipal w rre•dilcJ. ~ E 7~I~r ~nakrn at:d rndorutn uf this nutc furth~r ~;rr~ tu waivr u.m~nd, nuticc uf nun-pavmrs.t and prut.~~t. ~nd ii~ t:~~• .•.~-t~t ,hall br Lruught fu~ tne colltction h~reo[, ur Lhe same has to be collectcd upon demand of an auurney, tu pay r~:?..wi..:.:~• :,tturr.~•. , ~ ir~•. fvr ~uakiug aur~: ~ullectiuii. . ; ; l~rfrrrrd pay m~•nt~~ ::~reundrr shali bear intrn•st at the rate of Len pe:crnt pr.r annum lrom maturity until ~ 7'hi~ noie ~rcured by a mortgage~of even daic herewith ;s to t,e construed and enforced accurdin~ to t::e r,f :rr y~ ; L~ ~tair of Flocida; upon c3efault in the payment of principal and/or interest when due, the whole ~um of prir..:ipat ::n intrrr-t ~ n•rnrinino unpaid ~ha21, at tht option of the hatders, become immtdiately due and payable. . ~ . ~ ~ t _ - - ~ - ~~i.:~~, ; ~y-- f i~ '.~-:i ~ ~ ~ ~r==~ _ - - li:~ l.) ~ r Pn•p~r~d by ~prcler S Tcndri~h. Attorne}s - 2240 Biacayne Eil.d.. ~;iami, FI ida ' j# anJ shall perform. comply with and abide by each and every the stipulations, agreements, conditions and cove- nants ot said promissory note and ot this deed, then thie deed and the estate thereby created shall cease and be null and void. ~ 1. The Mortgagor hereby covenanta aad aarees: (a) To pqr ali and sia~ulu the principa) and inteiest aod other auss ot iooney payable by rirtue of said promissory aote aed this deed. a either, aoa~ur a, ~ue a~ys re~~~~~~e~r u~e s.~.e se~enur ~~o~~ a~e. (b) To penoit, camsit a su(fer ao ~raste a.od to maintsin t6e imptoremeats at all times in a state ot sood repair and coaditioa. ~ad to do or persit to be done to said pre~ises noWin~ t6at rill alter or ehan~e t6e we ~od cbataetet of said p[operty oc in aer war impair a . reaken the secucity of tbis sortp~e. Aad ia caae of the refusal. aeslect at iaability of the Mort~~~or to rep~'a and oaiatain said proper- ty. the Mortq~ee esay, at Ais option, make sucA repairs or canse tbe sasc to be msde. aod adrance aaoeys io that beh~l(. ~ (c) To pay all and sio~ulu tbe ts:es, aaaessoenta. leries. liabilities. and obliqtia?s ot every wt~ue ue ssid desetibed ptoperty each l ~ and erery ~bea dne_aod parable accotdioS to la~, before ther becooe delinaueat. aed to deliver to We Mortsasee on or betore 1~larch ~ IS~h ot each resr ta: receipts eridpacina We p.y~e~ ot .u ~..r~nr i~posed tues tot.the precedina ealeadu yeu; to indemnify the Mat~a~ee ~pon his demu~d for all ta:ea. assessments and cbar~es:lhat my be ~ssessed upon Wia mort~a~e oq the iadebteMess s~- ~ cured herebr~ and ~aid by th! sort~s~ee. ~rithont tesard to sey la~ 6eretofae enacted a~ heteaRer eo be eaacted imposiai ~ay4ent of tAe rlwle ar anr .:ut tAereot upoo the Mort~asee. .(d) To r sll snd sin~ulu tbe costs, char es and e: nses includio la~yers' fees and abstr~ct coats reasonably iacurred M ~ Pa ~ pe . L paid at any time by ~he Ma1p`ee because of t6e failure aa the part of the Mortpsor to perta~. cosply ~rit6 aod abide by eac6 and erery the ? stipulatiaes. atreesents. cooditions and coreaanu ot said prosiasaty note and tbis deed. or eitber. aad every such'p~ymeat s6a11 ~ear ; interest fro~ date ~t tht nte of ten (10'i) per centus per aenum, (e) It is f~rther co~enanted ~ad a~reed br saidparties that in t6e erent of a suit beins iastituted to taeclose tbis mat~e, ehe Mo~t- ~ p~ee sAall be entitkd to ~pply at aay tise peadins auch toreclosure snit to t6e court 6avio~ jurisdictim thereof for the appoiatmem - of a receirer ot all and ainaulu tbe ~t~ased property, and ot all rents, iocaoes. profics. issues and revenues thereof. hos vhatsxver source detived; aod t6ereopon i~ is Aerebr e:preaslr corenanted and ~~reed Wat the Coun sh~ll forth~itA ~pPoiot sucA receiver vith the uawl po~ers aad dutiu of receivers in lite cues; and said aPpoiotaent s6a11 be mde by the court u a aatter o[ strict riiht to ~he Mortp~ee. ~nd ~ithaut reterence to the ~dequacy or inadequacy of the value ot tbe propeny hereby matp~ed. or to the solvency or insolvener of tAe Mortsa~as ar anr ot6er puty defeadaet to sncb suit. T6e 6lotyaja~ hereby specitiC~lly w~aives the ri~ht to objett to the ~ppoiatseet of a reeeiver as ~toteuid ~ad herebr espresslr consents that such appoiat~eot shall be sade ~s ~n adwitted equity and ss a wtter of absolnte ri~ht w the Mortpjee aad th~t the s~ae ssr be done ~rithout noti¢e w the Morts~~or. (f) If Iorecl.oaure proceedinp abould be iestituted s~~inst We propettr covered by t6is mortpse upoo any other lien or claim Mhether , allesed to be superia at juaior to the liea of this mat{~~e. ~he Nottp~ee wy at 6is optioe ismedi~tely upon institutian of such suit a durin~ the pendeaty tbereot deel~re t6is eartsase aod tbe iadebteMess accured Aerebr due ~od pay~ble torth~rith and may at its option procced to faeclose tbis eott~a~e. T6at t6e Mart~or will teep all real ud persooal prooe~tr no~ ar 6ueafter eecw~bered by tbe lien ot tbis isort~a~e insured as may be reQuired troa ti~e fo tiee br tUe Morts~~ee asainst toss br Rre. riodstor~ and otder hasards, caswltie~ aod contin~encies for such periods aad (or aot less t6aa anch awoonts u ay be re~ired by tbe 61wya~ee and to pay prowptlr wAen duc atl premiwns ta such iasunaee. 7'6a ~~aats o( ie~ataoce required by t!e Mort~s~ee abNl be tbe ~iaiawo aeamts fa vhicA s~id insnrsnce s6a11 be w~ritten ~ aed it sball bs incw~beet opaa t6e Matsa~ to wiataiu sneA additian~l insurasce as maY be neceseary to meet aad complr futlr +rith all co-iosnraace require~eata contaiaed in said policies to the eod that the said Mort~asor is aot ~ co.inawor Were~mder.lnswance shall be rritten br ~ eo~p~er ar coyaaies ~Ppro~ed ur desi{nated br the 6lortiasee ~nd all policies aad reae~r~ls thereof sA~ll be beld by tbe Matpsee. All detailed desi~aations by tbe 1Aartp~or ahich ue aceepted br t6e Mortaa~ee and ~II a~reeseats bet~ecn Monp~or snd A/ortqsee relatia~ to insur~aee; ao~i eti~tin~ or bereatter s~ade, s6sU be in rrritia~ ~ad sA~ll be s put o( thii mortpje atrcement - ~s fully as thoush set fath ~erbatia 6erein and sh~ll ~orem botA partics hereto aod t6tir snecesson and u~iEas. No lien upoe any ot sald policies of insurwce a upoo ~ar retw~d ot retnto pre~iuv r6icA ay be p~rable on t6e caecell~tion a tersiaation thereof. shall be aiven to other tAaa tbe Mortp~ee. e:cept by propet endorsesent sffised to such policy and ~POroved by Mat~~~ee. EacA policy of ioaur~ace a6~11 bare afG=ed thereto a Staqdard Nev Yort Mortp~ce Cl~use ~rit6out Coevibutioa, aukina ill loss or losses under such poliey psyable to the Martpaee aa its iaterest n~r ~Ppeu, la 1be a~eot ~s~ swa or suss of money becoae p~rible thereunder ~he ~brt- ~s~ee shsll hsve the option w receire and spoly We s~ae aa accomt of the iadebtedaess Aereby secured. or to permit tAr HnrtesEor to rceeive ~ad we it. «.nr p,« thereof, ~itha?t thereby ~r~i~in~ ar ispairio~ any equitr. lien. or ritht under and by r~rtue of thi. wortp~e. [n event of lass a oArsicsl d~iwse to the sortSa~ed Otoperty the MortN~or s6a11 ~iveimmediate notice Ihereo( by ma~l t~~ tAe Mat~a~ee ~nd ti~it b{ortp~ee ~say make proof of loss if the samt ia not made pranptly by the alort~a~w: In event nf forecln.ure of ~ ~O~K ~8~ PAGE . ( V~ - - - - _ _ = . = - ~ ~ ~ ~`~r_..~.3r"