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Home My WebLink About0010 PROVIOE~1, ALWAYS, tha~ if tAe Motts~~o? :hall p~y unto ehe Mott~asee the indebtedness ev~denced ~Y s ce~uie p~anisso~y eote of which the followin~ in wocds and fi~urai is ~ uue copy taM~t: ' , I ii~42~!'~ s + ~ ~ j._~0 ~ ~ _ \I an~ lorid~._-_ u _L' ;.y 11. 1 . ~ - - - . - ~ I fUN VAl.l3l: RECEIYEU __.I~1gs-1Qlmtly ~'71~_~L4'~2~ lv*_ +~ru:ii~~• ~u ~ ' ~ o thr urdr~ ut _$„~~qDI~-Cs1IaDST..~'~_L~T _ ' ~ _ _ : i 6e princip~l wm uf ^~h~'~~1Qusan(~ S1X Hund~e~ Fi~'~i a~d_ ~oL1C~ULi.:1lt~, t~,~~•tf~~•r witi~ i~~trr~••t ~rrrun Ecv~r~ clate at thr ratc o! trn Fkrcrnt~ ~e annum unti) maturity. Ewth priucip:e! and ir~trr~:..t l,.~ing payaW.• il~ 1,~.. ful ~ou,~~•~ ui t}+.• l)nited >t~te: at $ixayi~e $lvd., ~li~mi, Flori~. or st auch other place ~ thr hutJ4n hcn:uf m y 4v 1~11:1(~• in writiu;;. I'rinciNal and intete~t payablc in inrtallments fulluwa: i! ; ~ifty-rive (~55.C0) Dollars per non•~'~, for sixty (60) co~secu~i~~e ~o:.ths ~ on the 15th day of each and ever~ ::?a~th, bebinning ou tha 17th day of ~ Septe~ber, 19?0, and continuing until tae 15th day of Septe~ber, 19?5, ` ~ at which time the balance shall becone dLe and p~yable. _l ~ 1 Th~s note may be prepaid in whole or in part aCter one yeac Erom the date hereof upon payment of a penatty eyuivalent ' tu five percent oC the principat sum prepaid. . F:ach insta!lment paymrnt ahall br crr.detrd first ~~n the iRterrst dur, and tLr rer.iaindcr on ~?rincipal; and intrm.t Jial) thrr~•- upuu ~•ra.•r upun the princi}?al s~ crcdited. Thr mak~n and rndo~en uf thu note furthe~ a~e tu waive dCmand, eiutic~ uf nun-payinent and protcst, and in t6r r.YC111 WH 7 j>hsti E?r brought for the collection herno(, or lhe same has to ~ co!lected upun demand of au auurney, to pay reasonibt~• attorney r 3~ fur makir?g ~uch cullcction. I~~drr~Cd paynien~~ hereunde~ shall br.ar interr:;t at the rate of ten percrnt p~•r aunuu~ fcom maturity unUl E?aid. ~ 1 This not~ ~.c securcd by a moTtgage~o[ even date herewith and is tu be construed and enforced accoc~ing to the laM~: o[ thr ( ~~:I~M of h'iwida; upon detault~ in the payment of principa! and~or interwt when due, :tie whole sum uf pnnc.ipal and intcrer.t~ ~ ~ rrmaining unpaid shall, at the option of the hulders, become immediately due and payaLle. ~ ~ - ~ ~ + . ~ _ 1 ~z ~ (aEA L} . • .J ~ 5 ~ _ ~ / ~ i i j~!%.~ . ~ _ ~ ~ ,"1 1 • 7 1F~~~.1 ~ Prep.rcd by ~pieler Tendrich, Attomeys - 2240 Bi~ayne g~vd., llliami. FI ida r/ ~ ,J and shall perform, comply with and phide by each and every the stipulations, agreements, con itions a cove- nants o[ said promisaory note and of this deed. then this deed and the estate thereby created shall cease and be null and void. ~ - . 1. The Mortgagor hereby covenants and agrees: ~ r (t) To p~y ~II and ~io~ulu the principal and ia[ereai ~nd other sw~s ot ewney payable by virtue o[ said promisaay note and this deed, or eithe~, prooptly m the days cespeaively the samt sevenlly becases due. (b) To permit, com~il a su(fer no r~ste and to ma~ntain the improvemeats at a!! times in s state ot sood repair and condition, and to i do or peneit to be done to said premiaes no~hin~ that will alter or c6ae~e the we aad c6uacter ot said poperty or in any .ray impair or ~reakea t6e security of this mor~~a~e. And in csse ef thc retwal. ne~lect or ieabilit~r ot t6e Mort~a~or to repair and roaint~in s~id prope~- ty, thailo~rtp`ce aay, at his optiea. make sucd repairs a cause the a~me to be sade. ~ad ~drance aoneys in tAat bebslt. (c) 'to p~y alt and sin~ulu the t::es, assessments, levias, liabilities. aad obtiptioas ot,c~ery eatwe m.said deacribed Qroperty tacA and every ~hee due aod payable sccMdios to I~v, betae they becoa~e detiaauent. and to deliver to t6e Mortta~ee oo ar be(ore lA~rch lSth o( eacA yesr ua receipts evidencie?~ the paymeot ot ait larfuily ~a~posed 4:es for.the precedin~ calendar yeu; to indemuify We I~la~t~a~ee upoa bis demaad tor atl taxes, aasesaments ~nd char~es that oalr be assesaed upoe t~?ia mortt~~e oa the iadebtedeess a.- cured herebr, and paid by the mort~a~es. without re~ard ~o aay l~~r beretdore easeted ar bereafte~ to be ea~cted iopwins ~ayment of the rrhole a aay ~srt thereof opon the Morts~~ee. (di To pay ~il aed ai~ulu the costs, charsea and e:pertses, includio~ la~yers• feea and sbsuact co~ta reasonably.incurred ~x paid at •ny iime by tAe Mortsasee b~cause ot the f~ilure oe the p~rt ot the Mortpsor to pet[orm. coaply .rith and abide by each and erery t6e ~ stipulations, a~reements, conditions and covenants ot said ptomissory note u~d this deed, ot either. aMi every such~payment shali bear iaterest from date st the rate of ten (10'H per centum per annum. (e) It is turthtr coveaaoted and~ayeed by siid patlita th~t in the event o( a suit bein~ inst~tuted to toteclose this mort~a~e, the Mort- p~te s6~11 be enti~led to apply ~t any time pendins such toreelosure suit to the court luvie~ jrrisdiction tAereo[ for the ~ppointmen~ of a receiver ot all ~ad si~ular the sort~a~ed property, ~nd ot a11 reaq. iocame=. profits. irsues and revenues.tiursot. hom ~Aatsoever ~ource derired; and thereupon it is herebr eapresaly cornnanted aad a~teed td~t tAe Court shall totih~rith appoiet such receiver with the usu~l po~era and duties of receivers in like c~ses; ~ed s~id -appoiatwent shall be aude by tAe eourt as a matur of striet ri~bt to the Mortsa~ee, u~d virhout refereace to the adequ~cy or in~deqnscy of the value of the propeny Aeiebr aorts~sed. or to the solvency ot insolvency o( the Morts~jers ot any other p~rty detendant to such suit, TAe Mortis~or Aereby specilie~lly w~aives the risht to object to the appointoeet ot a receiver as ifoasaid aad hereby expressy coesents that suc6 appoinunept sh~11 be sade •s a~ admitted equity and as a matter of sbsolute ri~ht to the llwt=a~ee and that tbe aime m~y be done rithout notice to the Mort~~~or. - (f) Jf toreclo~ure procesdia{.s should be ~~SU~~~oa .i.;as? t6e proper~y covered br ~his more~a~e upon any otLer lien or cla~m ~hethe~ alle~ed to be supe~ior a juaior to the lien ot this mortit~e. lhe 6(ott{a{ee ~aay at bis optioa ia~medutely upon institution of such su~t or durin~ tAe pendener tbereof declere t6is morts~~e •nd the indebtedeess secured 6ereby due and p~y~ble forNMith and may at ies option ptoceed to foreclost this mortjaje. (v Th~t tee Nortpaor rri11 keep all real ~nd persortal property now or 6erea(ter encwabered by the Iwn ot this ~owt~s~e insured ss may bt required froa~ tioe to tieie by Ne Mort~asee apinst Iws by tire, viodstaa~ and other hazards, c~swlties and contin~encies for such pe~iodi ~nd tor not less tb~a such aaounts u~ay b~ reau~red by the Alortp~ee aad to p~y prowptly rAea due a1! pemiums for such in~uranee. The ~oaunu of inaur~ace required byiLe Mort~~~ee sh~tl be tbe mioimum smomts tor whrch said insurance shall be wriuen and it sh~ll be ineumbeat upon the Morts~~or to o~intaia such addit~oa~l iniuranee ss may be necessa~y to meet aad comply futty rith all co-insw~nee nequirewents contaioed in aaid policies to t6e ead ~bai we s•;d 1Nor~s.sor is not ~ co-insu~or thereundcr.lnsur~nce shall be vrittce Dy ~ comp~er or caopanies ~pprored or desi{nated by the Mortsasee ~nd all policies and reae~ats tAereot sh~ll be hclJ bY ~ MwtN~te• All detailed desi~n~~ioes by the Mortiaia which are ~ccepteE br the I~tort~~~te and ~11 asreements Eet.een Mort~a~or and ~/wtsa~ee relatinj io iesur~nce, nowi esistir?j or here~tter iaade, sh~11 be in rritin~ and sh~ll be ~ patt o( tAia mat~a~e ~~recment ~s (ully ~s t6ou~h set tath rerb~tim 6erein ~nd shall {overn both p~rtita be~eto ~ad their snecessors and assians. No lien upoe any of s~ld policies of insurance or upon anr refund or return promiwa rhich aur be wrable on ~Ae caec~ll~tion or tensieation tbc?eol~ sbaN be aiven to other than tbe Mort{~~ee, except by proper endorsewent ~fti~ed to sucA poliey and ~pprored by Mottp~ee. Each policy of insurance ~d~11 have ~(fixed thereto ~ St~adad Nc~v Yak Mortia~ee Cl~we vithont Convibntion~ makies all loss or losscs unde~ such ~ policy pay~ble to the MortNiee •s its interest may appeu. In the ereat any suo or sus~ ot awney becaae Payable tbereunder the ~lort- ~a~ee shall hare the optim to receire and aoply 1be sue oa ac¢ount ot We indestedness hereby secured, or to oeneit the ~Iort~sRor ~ ~o receive ao0 uae it, or ~ny p~rt thtreof. ~ithout thetebr w~iria{ or ioPairin~ any equit~r, liea. o~ ri{At under ~nd by vut~c ot th~~ ' . ~ mort~ase. In e~ent of loss or pNysical damaje to the matsa~ed propertr tbe ~lort=asor sh~ll jire bAsedi~te notice tAereot by ma~l t~~ ~he Mor~p~ee and the Maleasee may mske proo( of loss J the aame ~s not madt promptly by the Mort~a~a. (n event of tae~ln~urc ~~f ~ - ~ ` ~1~6 ~ 9 i _ . _ . - t~ ~ . . . ~ = . _ t~`~~`'~