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Home My WebLink About1095 . ~ . . , . PROViDEti, ALWAYS, that if the M~t~~~cx shall pay uneo !he Abrt~asee the indebtedness ev~denced by s cettai~ promisso~y note.~.,of which the followin~ in wotds and ti~utes is a true copy tawit: ' Iilo~ct~' ~ i'Ga~' ~ %00.00 ~ e ~ t- ~;iami. Florid~ .~.~i6CET:~c'X` 22 j ~ i: ~ Ft)K ~'.~Ll'F: ttE:Cl~:iL'E:n :•:c:, ~01:~~? ~ ~::1C~ SeVE~Y`<3~~.y prumi.•~ tu pa~ t~ the orJr~ of SYi~VIA :.iOLLOSY ` ~ th~ prinriNal ~sim of ~~X ^~,o~asan3 ~`~40 ~n~~^~d ~`~d n''~,~Z00 UOl.1.Ak~, to~~~tl+cr with intrrr.t ~ ti:rreun Erom date at thr rate o! te~ perernt, pee annum until maturity, both principal and inter~st bcing payabie in laMEul tnoney uf t4ir United ~tatts at _"'.2~-1 Bi~cayne ~:vd., ~liami, Florida, or at auch othc~ place as the hc.ldCr~ he~eof may dc.ig~,ate in v?ritiii;;. ~ i'rincipal and interest payable in installments as follows: ~ ' t . s ; Gne ;Uri~ ~'8d 140.C0) DoZlars ..er ~onth, for sixty (60) consecu~ive nonth k ; on tiie ].jth day oi e3ch and every nonih, 3eginn~n~ oZ the 15ta duy of ~ ~~ebruary, 1971, and continuins until the 15~h da- of rebruar ~ y~ 1976, at ~;nich ~ine the balance s~all become due and payable. ~ ~ This note may be prepa~d '+n w~ho~e ~r in part after one year from th~ date hereof upon payment of a penalty equi~alent ~ to five pcrcent af the principat sum prepaid. Each in~tallment pa~•nirnt ~hali be credited 6~t on the interest due, and the remainde~ on puncipal; a~d intere.t shalt lhrrr- upon ceasr upon the principal so cred'eted. The makec~ 3nd rndor~r~ of this note further agree to wsive demand, notice of non-payment and p;o:c~t, and in the event ~ t ~ ~t~ali be brought for the collection hereoi, or the same hv to be coliected upon demand of an atturney, co pay rea.,ortable attorne~ frr~ Cur making ~uch coilection. ~ Defencd pay men~. heceunder ~hall bear interest at the cate of ten percent per annum from matuaq~ untii paid. ~ 'l'his note is securcd by a mortgage~of even datt herewith and is to be consLued and enforced accordin~ to tne laws of the ~ ~tate of Florid:; upon default in the payment of principal and/or interest when due, the whole sum of principal and intertst i icYmaining unpaid sha11, at the option of the holdc~s, beeome immediatety due and payatde. fl , , .~r- - ~S~.aL) a --z ; a ~ _ c, 'T t~ • ~s~.aL3 ~ Repared by ~pieler 8 Tendrich, Attomeys - 2230 Bucayne Bivd., :1~Iiami, Fl da , ~ and shall perform. comply with and ab~de by each and evety the stipulations, agreements, conditions and cove- aants of s~id promissory note and of this deed. then this deed and the estate thereby created shall cease and be null and void. 1. The Mort~aaor hereby covenants and agees: (a) To pay sll and sin=ulu the priocipal and interest and oWer aums ot money payabie by virtue d said praaissory note aed this detd. o~ either, praaptly on tAe days respectively tAe sawe severally becoaes d++e. (b) To per~it, commit or sut[er no ~rsste a!d to maintain the improremeots at all times ia a state o( ~ood repair aad coudition, ard to do pr permit to be done to said preaisea aothin~ Wat a'i!1 alter or thsase the use and c6~tacter ot said property ot ia anr w~ay iwpair at reakee the securitr ot thia mo~t~a~e. And ia case ot tse ~etusal. aetlect a io~bility d the 1~{ortpsor to repair sad aintsia s~id proper- ty, the Monp`te may, at his optioo, euke auch repain or uuse the same to be madc, aad ~dvaoce monera in tl+at behalt. (c) To p~y all sad sio~lu N~e taies, assessoenq. levies, tiabilitiea, and obliptioas ot every naaas an said described propertr each snd every ~rhea due u+d p~Yable accadias to lav, befare t6ey become deliaQuent. and to deli~er to tbe Mo~asee m or betore Ma~c6 15tA of eac6 year ua receipts evideacin~ the payment of all la~rtully i~eposed t~:es tor.the precedia~ calcodar year; to indeonify the Irla~rt~a~ee upon his deosnd (o~ all taxes. assessmenca sod cAar~es that auy be assessed upoo U~is mort~ase on the indebtedness s•- t curcd hereby, and psiA by t6e mat~asee, without resa~d to any lar heretotore eascted a Aue~(ter to be enacted imPoaie~ ~aye~ent ot the rhole or aay ~art thereof upon the Mortp{ee. " (d) To pay all and s~nsulu t~e costs, char~es and expeases. includia~ la~yera' (ees and ~bstraet costs reasonably inaured or psid at any time by the Atat~asee because of t4e lailure on 1he p~rt ot tbe Mortsasor to per(ors, caaeply r~th aad abtde by eac6 and every the stipulauons. a~reements. cooditions aai covenaats d said prowissory note aal this deed. oc either, and every sucA~payment sAall.be~r iaterest hom date at the ~ate ot teo (]0~) per centum per ~anum. - i (el It is furtber covenantod aad ~{reed br s~id part~es that in the event of a suit Seios i0.stituted to taeclwe this wortsase, tht Alort- pset s6t11 be eatitled to apply st any tiqoe pendins auch foreclos~ac auit to tAe cowt havin~ jurisdictian thereof for tbe appointment ot a receiver of sll aed sia~?lu tbe sort~~~ed propertr, and of sll reets. iacomes. ptofits. issues and rereeuea thereof, [ros rhatsoever sauree derived; ~nd therenpoe it ia hereby eapres~Iy coveaanted sad ~~reed Wst the Caut ahsll forthri[k ~ppoiot such receiver ~ith tLe wwl parers snd duties o( receivers ia lite cases; aed said •ppoiatmeat shall be made by the court ss a matter ot ~[rict ri~ht to tAe 6iortp~ee, and ~ithout reterence to the ~deqwcy or inadequacr of the ~slue of the propenr heresy a~or~psed. or to tAe solrency ~ «~nso~~eaer or u~e ~to.isssors « anr od~er party de(endaat to aueh suit. ?De Alartsasor hereby specitically vaives thc ri~6t to ob~ect to t6e sppoiatsent ot ~ receiver as ~foasaid aod bereby eap~essly conseats that sncA •ppointment sdatl be made ~s an admitted equ~ty ~ed ss a wtter oi absolute ri~ht W tbe 1lortµsee aod th~t the sawe osr be doee ~ithout notice to ti~e Illortp~or. (f ) It toreclosure proceedinp should be iestituted y~~nst the property covered by tbis oortpse upon any oWer lien a claiai rAethe! alle~ed to be superiar or junior W the liea ot this mataase, thc ?lottsa{ee ssy st 6ia aptim immedi~tely upon ~nstiwtion of such au~t a duria~ the petdency tAereot declare tAis sartpse and tAe iedeb~edness secured hereby due and p~yable torthw~tA ar~d may at ~ts optioa proceed to foreclase this mortp~e. (v T6at We Mat{a~or w~ill keap ~ll re~l sod peraooal p~operty aoa or berea(cer eocwsbered by tbe I~en ot this aortaaje insured aa may be required trao tior to time by t6e 1?lortjasee apinst )osa by fire, aiadstoro and other hasards, easwltiea and coetin~encies tor such periods sod ta eot less ~6as auch asoaats ss my be reQuired by tAe 1?fortp~ee ~ad to psr prooptly ~hen due all prem~was tor such wuraace. TAe a~ow?u ot in~utsnce requited by tbe A/ort;~a~ee sLat! be tlte oiai~ue~ amounts for rA~cA s~id ~aswance shall be rr.itten aad it sball Se ine~e~bent upon the 1~4ort~~~ to maintaie sucd additioaal insuraace as mar be necesa~ry to a~eet and compty (ully ~~ih sll co-insntu~ce re~ireeeaq eoataiaed in s~id policiea to the eod tbat the said Martp~ar is not a co-~nsuror ehtrcunder.inserance s6a{I be mitteo br ~ cuap~a~ or coaipaoies sOprored or Qesi~a~ed by ~be Mart~sset and ~1{ yoiic~es and reae~~ls tAereot s~ali be Aeld bp the 1latpsce. Afl detailed desi~nstioas or the Monsa~or vhich ate accepte0 br tbe Mort~~tee aad ~Il sareemoats bct~cen R{ort~a~or aad Mortia~se rel~tie~ to iaaur~ace. ao~r esiatin~ ot hereafter aude~ s6~1t be in rritias and sA~l) Se ~ part of tA~s mo~rtsase aareeeoent u feily ~s tAo~h set fatA rerbstie Aersin asd s~al) ~orcrn both Ptrties hereto and their successas aod assi~ns. No lien upon any ot a~id oolieies of iesrtance or ~aa sa~ ret~od or rewrn presiw~ ~rhicA salr be ayable on the c~scell~tion a ter~~n~uoa ibereof, shall be ~inen to atiet tMao tpe 1lottqtce. eaeeOt 6r ~oper eadorseaest affi~ed to sYC6 pol~ty and approred by Ilorta~aec. Each policy of iasrr~aee aball hayt aftzed tbereto ~ Staed~rd New Yak 1/ort~a~ee Clawe ~ri~6att Coevibutioa. satias •11 loss a losses unde~ such ooticr papable w ifie Mortp{se as iu ~uterest ~tr ~poear. b tbe e~s~t tey s~ ot tuAS ot soaer bsco~e NY~ble thereunder [he itort- {a~ee alNII have tbe optia~ w teceire and ~~Ir tLe ss~e m~ccawt ot tie iadebtsdnsas berebr secured, or to pera~t ehe Nori~aEor to recein ~ed ass it. a asy Par1 t6ereot. writsout there?r •~ivin~ at i~irie{ .er e~~~r. liea. a rifht rnder and by vutue of th~~ woryase• fs ereat of lo~i ot phy~ical duase to tAe so~yaaed p~ooenr ~Ue ~lo~t~a{or shall ~ive ~~cd~~te aotlce Nereol by er.ail c~~ tbe htottNKe ~nd the Mortp~te esY vte ptoof ot loss if the sase is not eade y~aptlr br tl+e Mott~a~ar. In eveni of fwe~lo.ure ot ~ . i00K ~S9 PACE',Og~ ~ ~ , _ ~ , - ~ ~ ; - ~ ~-~a=~ ~^.:~""~'~~,.n. , : , r ~.t~` ~A ~ - "~a.* a~c'i.x.~'~,a. ' .