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Home My WebLink About3004 t i t ~ f'RUYII~F.t1. A~MAYS. ~h~~ il ~hs ~kxtia~w shall p~~ unto ihe ~latls+~~tec Ihe ~nJebtedness e~~Jenctd M a cs~ti~n prum~saay ~ate .~t whicA tl~a tollawin~ ~n watds snd f~~urea ~a • t~ue copr to-M~~ ~ ~ 7:l oZare ! ~ . ~ ~ . ~ ; 1' ~c:.. . ~ ~liami. Florida ~ :.lnuc. r ~ ~;0 ?1 ~i ; ; Fl1 ~'~1.~!E,t~(Ct:i\'}~D i pr,N{~~irr tu~?a~ ~ tutheordr~a~ ~•--~~•:"'=C~.•~Cr+ 1_ .'~J : .1 , . . . a ~ aS v .lA leIIa11LS ~ ~ w irt` ~ . a ~ . . , . , • ~ ~ the prinr~Nat sum 3T "Y:~ ~i.. r ~ DOI.LAR5, together with intercrt ~ !h~reun fwm date at ihe ~ate of ten percent, pe~ annum until maturity, bath principai and interest being payable in lawful monry uf f ~h~ l:nited ~tate~ al Biscaync Blvd., \iiami, Florida, ot at cuch other place as the holdetr heaof may dc~ignste in writin~. ~ k'nncipal and intercat payable in irutallmenb ~ lollow,~: { ii•~~• ive '~oll:~rs T~er ~onth for six ~ ~ ~ ~ ~1~5• , f ( ~0) con.~ecutive months o:~ tae c~.~; o`_' cac'r. =~:~d ev~~y ~onth, ~e~;innin;; on t~:e 15th day of ::srch, ~y~l, and co :ti~win~ ua~ii the 15t: ~luy of ~:~.rch, 1;~6, ~t ; :ahicr~ time the aalance s~all becor~e due and ,aayab2e. ~ ~ ~ This note may be prepaid in whote or in part after one year from the date hereef upon payment oi a penalty equivalent ~ to iive percent of the prirtciPal sum prepaid. ~ Each in~tallment payrrient shall be ccedited first on the irttbast due, and the rcmainder o~ principal; and intersst shall therr- upon cease upon the pnncipai ~o credited. ~ i Tht make~ and endorscrs o! this note furtiur ag~ee to waive demand, notice of non•payment and protest. snd in the ere suit ~ .lull be bcought for the collection heceof~ or the same has to be collected upon demand of an attorney~ to pay reasonable att ey's frr~ for making such coitection. ' Deferced payments hereunde~ shall bau interest at the nte of ten percent per annum from maturity untii paid• This note is secured by a mo~tgage of even date herewitb and is to be construed and enforced aceord~ng to the lawa of the • ~tate of Florida; upon ckfaalt in thepa yment of principal andlor interest whe~ due, the whole sum of principal and intenat ' remaining unpaid shall, at the option of the holders, become immedia ly due and Qayable. ~ ~ ~C?` ~:..~~i-t~~'~l.'z~-L~~~~~seAL) ~ ~ ' ~sFnL~ Prepared Dy Spxle~ & Trndrich, Attomeys - 2240 Si,ayne BIYd., Niami, Flotida . r and shali perfurm, comply with and abide by each and evety tha stipnlations. aEreements. conditions and co~e- nants of said promissory note and af this deed. then this deod and the estate thareby created sha!! cesse and be null and void. l. The Mortfe~or hereby covenants and agtees: I - 3 (a) To pay all and ~~n~ulir tAr princ~pal and mterest and utAer swos ot money payable by virtue o( said prom~ssory aott and th~s deed, or eitAer, prony+tly an tAe days respectively the same sererslly Qecomes due. (b) To permrt, camn~t or sut(er no ~raste s~d to mum~in the iaptovea~ents at sll timca in a state ot sood repau and cond~t~on, snd to do a permit to be done to said premises aothin~ that r~ll alter or chaq~t t6e we ~nd character o! said property or ~n any wray ~~apair or rre~ken tAc ~ecurity of this ieortq~e. And ia c~se of the relusal, ne~lect or inability of tAe Mort~a~or to tepair and ma~nta~n s~id proper- ty, tht llat~sjee may, at his opUOn, aate sucA repa~rs or caYSe t6e same to bs oade, and advance ma~tYs beha~f• (c) To pay s11 srM a~naulu the ta:es, •ssessmenes, leries, l~~bil~ties, aad obliptions ot every nature on said desctibed property each snd eve~r rhen due and paYable accord~n~ to is~•, betore they become. deliaquent, and to deliver to the Mott~atee an or betore Al~rch lSt6 of e~ch yeat tax receipts evideocies the psyment o/ all larfully iwposed t~aea ta the precedin~ caleeidar year; to indemity the Mart~~~ee upon his demaad [a all taxes, asses~ments aed cAar~es that wy Se assessed upon this e~ort~a~e on the indebtedoess s~- eured Aerebr. :nd p~~d br tlee mortsaate, rid?o~~.reeasd to aay l~w 6eretofore ea~cted a herea[cer to be eaacted imposin~ ~ayment of tl?t rbolt or any ~att thtteof upon lhe Mort/ajee. (d) To pay all and sinsulu the costs, charses and eapteses, includ~n~ lawyets' tces and abavact costs reasooably ~ncuned nr paid at sny tiae by tAe INort~,a~te because ef the (~ilure on the p~rt ot the Mort~a;or to per(or-, comply ~~th •nd ab~de by eacA and erery the supulatioes, a~reements. cond~t~ons and covenints o( sa~d promissay note and this deed, or ei~ber, aod rre?y sucb~payment shsll bear ~ interest fr~ d~te at thc rate of teo (!0S) pe~ centwp per annum. • j (t) II li IiRl~lll COYCq~OICd ~ad a~eed by said patttes tb~t ~n the event of a suit bein~ ~nst~tuted to toreclose tA~s mM~{ase, the Mort- ( ptte shall be eatitled to ~pp1Y at sny time pendins sYCh foreciosure suit to the court havie?~ juriad~chon thereof fa the sppo~nwent ~ of a rece~~er of ~11 aod ain~uiir tAe sortsa~ed property, and o/ all ~eota, iMa~es, pofits, iis~ea ~nd revenues thereof, froA ~hatsati•cr ~o~rce der~red; aad there~poe it ~s herebr sapresaly coren~nted aad ~peed that t6e Court shsll tortA~ith ~ppoint sucA receiver +~~th tAe wwl po~rers aad duties o( ~eceivers in Iike cases; aad and •ppointaent aAalt be made br t~e coart as ~ matter o! s:rict ~i~At eo Ne Alort~~~ee, and rithout re(crence ~o tAe adequacy a ~nadepuacy o( the v~lue ot [fne property Aereby mort~a~ed, w to the solvency or ~nsolveecr ot iAe Mort{a~ara or anr other p~rty defendant to such sui~. TAe Mortta~or hereby spec~tic~lly w~aives she r~~ht to ob~ect to tAe sppoiatment o( • receivet as aforesaid ~nd hereby etpresaiY coeienta t6~t such ~ppointment shall be made as aa adm~~~ed eQu~ty and ss a aeuta oJ sbsolute niht to tAe Matp{et and th~t the ~sme may be done r~thout notice to tAe Alort~r~or. Jf faeclosure proceedia~s should be ~nshtueed a~~inst the property covered by ~h~s aort~a~e upon •ny other I~en or cla~m whe~her alle~cd to be s~per~or or ~unior to the l~eo ot t6~s mort~a~e. We 1Aortsa~ee may at Ais Opt~on immed~~tely upon ~nstitutian of such su~~ or dunas the pce6eacy tAereof decl~re this mort~~~e ~nd the ~ndebtedne~s secured hereby dut snsf psy~ble I~xthwitA and may at ~t. optloo proceed io faecloae tAis morts~sa t~l Th~t tbe No«~S~or will keep ~11 real ac~d person~l propertr eo~ a Aere~fter eacumDeced by tAe lien o( th~s mat~aae ~nsured ~s may be reQuued itam time to tiwe by the lNorts~~ee ~~a~nst Iws by fi~e, w~ndstors and other hazards, ciswlt~es and contin~enc~es for such Oenod~ ~nd (or aot lea~ tlua such as+ounta as say be reouired Ay the Alottpaec ~nd to p~y poap~ly rhen due ~II pnm~ums for sucA ms~r~nct. "Iltt awounts ot ~nsurance reQu~red by tAe ?Iort~a~ee sb~ll bt the sua~etwu ~mounts (a rh~ch sud ~nsurance •hall be ~rnuen and it sAall be mcus~bent upwi the Mort~asor to ma~na~e auch sddn~oaN Insuraace u msY be necessary to meet and comply tully .~~b s!! co-~aartsnet req~irestAta tonts~ned m s~id policies to the sod thst the sa~Q Mort~~~ot ~s not a co-msuror thereunder.lns~rance shall bt ~~~tten by ~ coep~ny a coopan~e~ ~~ored ot des~{Mted by the AAottasret and ~II pol~t~es and rent~rals thereof .h~ll be AetJ br the Matp~ee. All 6eta~Iee desi~n~t~ons by tAe Aiortptor vrh~ch ~re acceptsQ br 1Ae ~lortpsee and a11 aareemeets betWecn ~/ort~~jor and Mor~a~te re~~t~e~ to ln~urat~ce. amr ex~stinj or hsresfter ~~de. shall be ia •rn~a~ ~nd aA~ll be ~ part of tA~s ma~~a~t s~rtemcet ai (~Ilr aa thov{h set faUs ~erbai~w Aere~a and shsll ~oretn OoM parties Aereto and tAeir sYCCessots aad ~ss~~ns, No I~en upoe any of said oolic~es of insursnce or upon anr nfund or ~etwn preea~w~ ~Aich auy bs psYable ow tAe c~sctll~t~on or ttrm~nahoe thereof, shall be ~~ren io ahsr than iAe A~aya~ee, eacepi Ay poper endase~eeat rffi:ed to auch pol~ty snd ~Ppoved Sy INort~~~ee. Fach pol~cy o( maw~nee skall i~~ve a(ti;ed theuto i Stand~rd Pler Yak Matp~ee Cl~~ss vuhout Ca?uibuiion, swk~n~ ~ft loss or iosses undar SucA pol~cy y~ysble io ~Ae Mortp~ee a~ iu interes~ ssy ~~s~r. le tAe ersn~ ~ey sum a sws ot ~ooney bscoe~e P~y~ble ~hercundcr ~Ac Nori- {~~se slull Aave tAe optioe ~o •ecc~ve •nd •p01Y t!x sase oe sceount oi thc ~ndsbtedness hercb~.sec~ed. or to penmt tAe \lort~aFo~ ~o ~cce~~e •~f uss ns a any part thereof, ~~thou~ tAtttbr ~~inn~ ar isroa~nn~ any epu~tY. hcn„ if ftSA[ YNdlf ~OQ h)' Y!flYt A~ :Al? watisie, !n erenr of Iwi or pAya~cal damase ~o thc mort~a{ed poperty IAt Mwtt~{or sh~11 pH iined~~te not~ce thereol by Ta~l t~+ the Ma~js~ee •nd th~ ~1cxtEaset may mskt pn,of n( ~Q~~ ~f ~4~ ssme not made prompllY by Ihe \1wt~a/a. In e~em ot f~~rc~ I~..ure r,l ~o~ 1~ : _ ~ ~ ~.~~E _ r . : ~~~~n~