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Home My WebLink About1382 . . PROVIDEn. ALWAYS, that if the Mort~a~or ah~ll pay unto the Alottss`eo the indebtedness evidenced by cert~in promissoty nq~e_.~of which the followin~ in wotdt and fi~ures is a uue copy tawit: ~ ~5~ • 00 ~d~IN~~C ~C . 3~_ Miami, t~«~~N°vember s____ 14 1j ~ }~~K t~~ We ointly and severally, ` rw~~~~, W~ tu the unlr~ u( _~~;~(Z~~, •N~7~ ' ~ti~ p~in.•i~~at wm of ~'fPe housaad Four Hundred _Firt~. and noll0tk~1,LA(i~, tugetl~rr witb ir~t~•n~,•t ~tN•reun frum date at thc rate o~ teo penxnt. per a~mum uMii matucity~ both prinripa) uid intercut br.ing payabJe in l~wfu) ~uuury u! ih.~ U~it~d ~at~~x at '.~.'.3•W Nineayne Blvd.~ J1liami, Fiorida, oe at aueh uther place ar the hulderti hereu~ may dexigualc in w~itiu~. . !'rinci~~a! and interext payable in in~tallmenb a~ folluwu: ~ Oae Hundred ($100,00) Dollars per moath, ror sixty (60) consecutive montha, on the 15th day of each and every month, beginaing on th~e 15th day of January, 1971, and aontinuiag until the lsth day o!' January, 19?6, et whieh time the balaace ehall become due and pa`yable. . Thi~ note may be p~epaid in whole or in patt aftei one year from the date hereof upoo payment o( a penalty eyuivalent to five percent ot the principal sum•prepaid. - h'acb inrtaNme~t payment rhall be ci+edited Cret an the infer+eat due. and the ~mainder on principal; and intcrrrt rl~all ll~rn•- ~+pun r.•s.~r upw~ the principal uo crcditrd. ~ Tl~r make~a and eodorsets uf this ootr further agree to waivt demat~d, nuticc ui nun•payment and protcrt, and in thr erent xuit .li~ll l.r luvught (or the collection hee~eot. w the same has to be collected upon demand o( ae attorney. to pay re~wn~Llr attorney frr. fur making auch cdkction. • , I)~f~rrcd payments hereu~de~ shall bear inteocst at ihe rate of tea percent per annum [rom maturity until paid. 7'hi.~ note is ~ecured by a mortpge~oi even d~te herewith and is to be conatrued and enforced accordir?~ to i6e lawu o he ~lat~ of F'lorida; upon default in the yment of p~ncipal analor inte~est when due. the whole dum of pnociPa! and iot at ~rmaining uopaid et~dl, at the option o~i~ ~o~ ~~a;.~r au~ .»a P.y.w~. - . ~~~t.t~'~v'~ ~~~1?.d~ (SN:AL)' L ~ L ~ ~ (S~:AL) ~ t1r~µ.rr+1 br ~p~rler 6 Tendrieh, Attorr~s - 2240 $i~eayne Blyd.. Miami, F' • and shall perform, canply with and abjde 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 Moct~asor heteby covenants and aarees: (v To p~y all and sinsul~r the priacipsl and interest ~ed other suoss ot money p~yaDle by ~irtuo of said p~omissory note aad Wis decd, or either~ p~ooptlr on tAe days respectively the s~~e sevenlly becoaes due. (p) To persit. cossit or srtfe~ no ~raste ~l1d t0 O~iOt~~O t6! improveioenq at all tises in st~te of ~ood repsir aad coaditioo. aad to do pr pen~it to be doae to said p~emises nothit~ t6at ~rilt ~Iter or c6aa~e t6e ttst tad chutctet of said popetty ot iA aey r~y iqp~it or ~eakea tbe security ot tt~is soryase. And ia case of tAe retusal. oe~leet or in~bility d the Yortq~or to repa'v ~ad sainuie s~id proper- ty. the Yatp~ee say, at Aii optioa, wte such repairs or cause the sase to be s~de, aod ~dvaoce oooeys ia that beh~lf. (c1 To p~y all aod sins~lu the tues. ~ssessseets, levies. liabilities, and obliptiow ot evety oature oo s~id desc~ibcd ptopcrtr eacA aod ereryr ~hen due sad payaple accordioj to la~. Detore Wey beco~e deliapuent, and to deliver w tbe Matsasee aa or be(ore Wtch lSth ot e~c6 year ta: teceipb e~idencia{ the payment ot all la~tully isposcd ta:es tor.tAe ptecedia~ t~leadu yeu; to iadcmnify the 1~lortp~ee upon his dewnd for all tues. assessments and e6ar~es that m~r be assesaed upon tAis sortsa~e oo the iodeptedaess a~- cured Acreby, aad paid by t6e roort~t;ee, withont resard to aay I~r Aeretoto~e ea~eted a 6ece~fter to be eaacted imp»ia~ payaient of tAe wlwle a any ~nrt thcreot upan t6e 11o~aaee. (d) To pRy all aod siosular the costs, char~es a~d eapenacs. iacludin~ lawyers' fees and abstract costs reaaonably iocnned ur p~id at any time br the 1,1oct~a~ee because of the failure aa ti~e p~rt ot tbe Nortsasor to pertorw. cosplr ~ith and abide by e~cb ~nd every the st~pulat~oaa. ssreescnb, cooditions and covenaats ot s~id prosissory note wd this deed. or eit6er. aod e~ery such'payment shall bear iaterest trm d~te at the nte ot tea (10'~) per ceaws per annum. (c) It is tartber coveaaated aod a~reed by said p~rties thst in the event ot • ~uit btios instituted to foteclose this mataase. the iUort- NiK s6a11 be eotitled W applr at aay time pendins aucA foreclosure suit to We court havins jurisdietion thered tor the appointsent of a receiver ot ~11 u~d sie~nl~r the sortia~ed property, aad o( all renb. incooes. pr~ts. issues and reveaues thereot. ttos vrMtsoever source deri~ed: aad tbereupon it is 6ereby eap~wsly coreoaoted and ~=teed Wat tAe Court s6a11 fortb~itA ~ppoiot sac6 receiver rith t6e aswl oarers and dntiea ot receirers in like cues; and aaid ~yyoiatweat shall be a~dc Dr the coart u a m~tter o( etrict ri~At to ~he Mort~s~ee, aad rithout retereoce to t1?e adequacy or ioadeauacy of the value of t6e p[operty herebr eottqsed. a to the solreocy «~~ua~.ro~y or ~ ta«~,~«. «.4r o~« p~rty defendaat to sucA suit. ?he Mortp~or hereby specitieally raires the risAt to object to the a~oistwesc ot ~ reuirer ss ataesaid aod herebr espressly cansents th~t sueb appoiatseat shsll be made as an adsitud equity aod ~s a ytter ot absolnte ri~h! to the Moresa~ee .na ce.~ uK s..e .~.y ee aoe~ .~mo~c ooc~c~ co ue ?~o~~«. (f) If toreclosure proceedin{s should be iostiwted asainst t6e property tovered by t6is eottqse upoo anr ot6e~ liea or c(~im vrAethe~ slle{ed w be soperior a jueior to t6e licn ot tbis mortpse. tbe Mort~a~ee a~y at 6is optioa iaoediately upon institutim of sucb auit or duriss tAe pendeecr t6e~eot declart this mortpse ~nd tbe iadebtedoess secured herebr due and•paY~ble fathwiW ~nd ~aay at its option proceed w taeelose tAis ~atp~e. (v That t6e Matp~or ~rill keep all real and persooal propertr ao~ ar 6ereaftet eacumbered br t6e lien of this more~aje insurcd ss may be reqwred lro~ ti0e w ti~e by t6e Monjasee apinst lass py tire. rindstorm ~nd other A~suds. caawlties and contin~tacies tot such periods aed fa aot less ~A~a sucA seounts ~a my be required br the Morya~ee and to p~y pro~ptly ~rben due all premiuss fa such insar~eee. The amomu of iesur~nce reqaired by t6e 11ort~~see shsll be the mininus ~mounts tor ~hicb s~id iasurance ahsl! be written aAd tt ~hal! be iecu~btat ~oa tbe Morta~os tu aaint~in suc6 additional insuraace as o~r be aecessary to meet and coenply fully «ith all co-iasnraoct cequire~eota cont~ioed ie said polieies to t6e eod tLat tbe said Martp~a is not a co-iasuror thereunder.Insur~ece shall be ~rritteo br ~ co~pa~r or oa~puies aoptmred a desiieated br the Nort~a~te and all policiea and rtoe~als thueot sb~ll be held by the Yort~ee. All detailed desi~a~tioos by the Mat~isor whie6 us acceptod by t6e IdortNiee uid all a~reesents betreee Mo~tqsor a+W Marta~ee relNina to inaur~ece. ~ow e:istia~ or rercafter o~de. sball be ie rritin~ ~nd shall be • put of t6is satp~e s{reeuent ~ aa (etlr ~s tiayh set fat6 vetbati~ 6erein aud s6a11 ~orero both partics hereto snd tAeir smcessors aod assi~as. Ho lien upon aay of s~id oolioies of iasut~e ot yo~ a~7r retuod a retnm ~e~i~e ~Aic6 irsr be aYable oo t6e cascell~tioe or teroiaation tAereof. shalt be ~ivee to ot6ec t~~n tMe Iforyatea. eacePt by ptopet endotse~tet ~tfi:eA w srch poliey and ~pprored br Mortsai~e. Each policr of insarsacs sA~ll Oa~e attuced t,ereto a Sundard Ne~ York 1lortqsce Cl~ose .it6ant Ceotribueiae, wkie~ ~11 loss ar losses unde~ such ooliey p~rable to tie Mart~asae ~s its iataest s~r apear. Is the e~eat any aw or s~s of soner beco~e ay~ble Wercunder tAe ~t- iaaee sY~ll Aave the optia~ w rscei~e aad ~~Ir tre sa~e oe ~ccawt o[ t~e iodebudaess herepy secured. or to persit ~hr NatiiEw to ~eceire aed Yse it. a i?sy asrt t~ereof. vitMout 1?ercby r~ivia~ a iapairie~ aar eauity. lieo, ot ri~bt under aed by virtuc ot tA~~ wort~ase. le eveat of loss or pbpsical day~e to tbe aiorqa{ed propenr tbe Matpaor sh~ll ~i~e ~aseedi~te notice diereof by ma~) w t4e Martsa~ee sad tbe Mortasaee e~r ate ~oof ot losa if tAe saoe is not ayde ptoptlr by the Mwtaaaor, In erent ot taecln.ure of ~ - ~ sa~188~ ~1379 a µS ~,,,~,;p~ : ` . , _ -~'~~,~~•~'e"'~ r~. - . ~ e~~~,., a