HomeMy WebLinkAbout0537 PROVIDEn, ALN'!?YS. that if the \tortgagor shall pay unto the !lbrtgage~ the ~ndeb~ednr~s cv~Jcn«d hy a
certa~n p~omissocy note af w~hich the fallowio6 in words artd figures ~s a tru~ copy ~.~-w~t~
S 2~25•~ Miami,Florida H'eb1^Uar;j 4 ~9_~_
FOR VALUE RECEIVED .:~e, jointlv and seves~l ~ promi~e to pay
c~ ehe orde~of MORRIS R 11 f
~ tu pnncipal sum oi`I'WO '~housand Seven ~undred Tweritv• Five_•
n~d L , together with intetratt
tl:ercun [rom date at the nte o( ten percent, pe~ ~nnum until matutity, both principal and intereat being p+~yable in lawful money o( ~
the United ~t~tes at 2244 8i~cayne Blvd., Miami, Flotid~. or at such othe.~ place a~ the hdders hereof mar deai~ate in writin~.
Principal ar~d intereit payable in insWlmenta a~ fdlo~~:
~ixty Five ("au5•00) Uollars per month, beginning on the 15th day of
«pril, 19?1, and continuing on the 15th day of each ~nd every month
Lhereafter until paid in full.
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Th~s natcmay be prepaid ~n whole or in put a[tet on~ yeu from the date hereof upon paymeet of ~ penalty equivalent
to five percent of the principal sum prepaid.
E'ach installment payment shall be credited Crat on the interest due, and the remainder on principat; and interrst thdl therr-
~ upon cease upw~ the pnncipa! ~o ctedited.
The makera and endorxrs o! this note furiher a6rce to w~ive demand, noticc o[ non•paymeot and proteat, and in the event wit
(.lull be brought for the cdlection hereo(, or the aame has to be cdlected upon demand o( ae attorney. to pay reasonabk attoteey's
~ frrs tor making such collection.
Deferred paymenb hereundet ehatt bcu interrst at tht nte of ten percent per annum from maturity until paid.
~ Thia note is acu~+ed by a mort~e~of eren drte herevritb and 'a to be construed and enEoe~ced acconlin~ to the laws of the ~
I ~tate oi Florida; upoe def~lt in thepay meal of principal andlo~ interest ~rheo due, the whok aum of principal and intee~est
{ rrmainina onpaid ~hall, ~t the optia~ of the holden, beeome inunediatdy due and payaWe.
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~ Rew~cd ~ Sp~ekr 6 Ta+d~icA. Auaney. - Z240 Bi.earwe ~.r.. Mti.mi. Flarid.
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ar~d shaU perfnrm, cumply v?~th and ab~de by each and ever~• the st~pulauons, agreements, cond~uons and cove-
nants of sa~d pmmisson- note and of th~s deed, then th~s deed and the estate thereby created shall cease an~i bt
nutl and ~oid_
l. The 1lorlgagor hercby co~enants and agrecs:
!al 7o par all and c,nauiar tAe pr~nnpal and int~cest and other sums o! money payable h~ v~rtue ot sa~d ~sromusay note and th~s
deed. o~ euher, promptl} oo tAe days rc~pecu.ely tAe same severally t+ecomes due.
!b? To permU, .u~rmt ut sut(er no raste a~d to ma:n~a~n ~hc ~mprovements at ail t~mcs ~n a sta[e of jocd rep~u and cund~!~on, and to
do or perm~f to Ne Jone to sa~d Mem~ses nothen~ thst rill aiter or cRanse the use and cha~acte~ of caid propert~ or m any aay ~mpa~r or
v~eaken the security of tA~s rnortp~t. And m case of thc refusal, ne~lect or mab~Dty ot the !11o~t~asor co rcpau and mamt~~n said propcr-
ey, the Mort~aRee ma~, at A~s ophon, make sucA rcpaus or :ause the same eo ~e made, and ad~ance montys ~n ~hst beh~?(.
tcl To pay all and c~n~ular th~ taies, acs«smcnts. 'r~es, I~ab~iihes, and ubl~~at~orts of every natwe ~M s~~d desir~Ded p~operty ea.h
and cvery •hcn due ar.d payable •ccord~ns to tati, ~ri+xc t~ey becume deLnQuent, and tu deliver to thc 1Aortsa6ce on or befcxc Na~cA
ISth of euh year taa rece~pts e~~dencm~ the paymenc o~ al) lan~tully +mposed tues for tAe prcced~n6 calendar year, to ~ndemndy the
Nort~a~ee upon Ats dem~od (a aii taxes, assrs,mentc and :har~es that may be assessed u~.n th~s mwtaa~te on the ~ndebtcdncs~
cured hereby, and pa~d by the mextEasee, a~thout reRacd ~o any la+ hereto(pe enacted .x he~eafter to be enuted impos~n` ~ayment o`
tl~c .hole a am ~art Ne~eot upon tAc ~1ortRagee_
, Id) To pa) all and c~n~ular the costc, chu~es and r~~unses, snctud~n6 la+yers' tees and abstract .osts ressonably aacurred paid ar
an~ umr b> thc t1~tp6ee becruse of ~hc (atlure cxi ~h~ piit of the ldort~tajor to petform, cemply ~rth and ab~de by ea:h and c~en the
stiM:t~i~:xis, asreemen~s, coed~t~ons and co•enants of caid pewmssoc~ note and th~s deed, or e~ther, and e~ery such pa>men~ ~hal1 hcar
~ntcrcst tr.xn d~te at thc rate ot tcn (1[Yil per centum per annum.
(c) I~ turther covenanted and a~reed by said part~~s that ~n tAe evenc o( a swt bc~nE inst~tutcd io Gxeclose t4~s m~xta:se, thc \lur~-
~a;ee sh~ll t+t enht~~d to spply st •ny t~me pend~n~ such foseclosure su~t to the cou~t Aavm~ ~unsd~chon thercof fa the appo~mmenf
of a cecener oi alt and s~n~ular the ~t~a~ed property, aod of a? rents, mcomes, protus, issuts and re~enues thertof, frum wAa~roc.cr
source denved, and thertupon ~t ~s hereb~ e~pressly coaenanted and s~reed tAat tht Court sbrll fortA~~th ippoin! such rc~c~~er ~~eh
+ the usual ~ow~crs and dut~ea ot rcct~~ers ~n hke c~sec, aod sa~d •ppo~ntment sh~li be ieade by the court as a matter ef titnct r~~At c~.
the NcKt~s~ee, and ~ithout re(ercnce tu tAr ade~wc> or ~nadeQuacy ot ihe v~tuc o( the property hercby m~xtEa(ted, or tu the .nlacrtc~
or insol~~ency o! ihe Nort~a~ors or any othrr part~ delendant to suih su~t. TAt ~fortsa=ex hereby sp~c~ticall~' ~a~•ec the ngA~ iu ~h~~.f
to the appo~ntment of • rece~ver ns afcxesa~d :nd hereby expessly ionsenis tl~at such appu~ntment ~ha]! be madr s. an adm~ned eyu~ty
~ and as a matter of abso{ute n~ht to the Nor[sa{ee and that the same may be done +ithout not~c~ to !he ~tortp~or.
(f ) If tortclo~ur~ prviceed~np should be ~~saauted a~a~nst the property covered by th~s m~xt~a~c upurt anv other izen ur ~ia,m .hr~he+
~Ite~ed ~o be sup~r~or or ~uneor io thr lun o! ihis mortsaYe, ihe Mort~a{ee rnay at h~s opt~on tmmed~ately upon ~n,tiwe~un of ~ech .u~t
cx durm~ the peodency the~eof dectue ih~s m«tss~e •nd the indebsadness secured hereby due and payab;c lur,h~~th •nd m~. a~ r.. f
option proceed to Soreclose N~s mon~a~e. ~
It? Th~t the ~tort~a~a r~11 teep alI re~l •nd personal property nov w Aercafter encumAe~ed b> cnr ,~en of :his mur:g~~e in~urcd u m~y
' bt tequired froa~ bme to Uarc by ihe 41ott~~~et a~a~n~t loss by fut, wirhistotm and other hazards, casualti~~ and .onhn~en~~eti !ur .u.h
penods and tor not less than sach •moun~s as ma> ~e reQu~red by the Mortia~te and to pa) promptly +hen due aii pr~m:ums f.x suc~
~nwrance. The amounta of ~asurance ~epuued by th~ ldortsa~ee shall De tAe minimum ~mounte for rh~ch sa~d ~nsur~nce shall Ae rr~tten
ind ~t sMll be ~ncum~ent upon the ~{on~sjor io ma~ntaio such add~uonsi msursnce a+ may be nececsar~ tu mcet an4 ~nmpi> t~lly .~th
•11 io-~nsurance requ~rtrtxnts eun:s~ned ~n saed poV~cies to tht tod thae tne said Nat~a~:x u no; a co-~n~uror th~rcunuc~.In,uriRa~
shsi{ be wntten bY • comp~ny or compaa~es approvcd or d~s~sna~ed by tAe Nortaasee and aU pol~~ies •nd rtnewal. sAcreot ~h~t: Dc held
hY the M«i~a~ee. All deta~fed des~sna~~ms by the Nat~a~or rh~ch are sccepted by tl~e ~1ort~a~ee and ali aare~menh bet~een ~Iurt~a~or
and Morqa~ee rcl~t~ns to ~n~ur~nct, nor ta~sUr.~ or Atro~(ter made, ~h~1t be ~n ,.nurt~ and shall De a part of ~h~~ mori~ta~e aarecm~n;
as (ully aa ehou~!! set forth rerbaum htre~n ~nd shall ~orem ootA pathes hereto snd their succe~sors and assi~n~_ No I~en upan an> ~~f
s~id policus o( ~nsurance or upon any retund or rewm pem~um rhuR may be paYable on tAe .ancellat~w+ a terminac~on th~r~~~f, ~ha:i
be ~~ven to othtr tAan the ?lotts~~ee, eRCept by poper endorsement aff~aed so such polecy and appoved by Mortjajee. Fa.~ ,~~i~.> ~
inaurance sM11 A~ve •fhaed thercto a S~~ndud Ner York Mori~a~ee Cl~use r~thout Coninbuuon, mak~n~ alI Io~s +r los,c. unacr .u~h
policy p~yable ~o tAe tilort~a~ee •s ~ts ~nterest rtuy ~ppear. In the event any sum or sua+s ot money become psyabte ~Aereundu the ttnr~-
~s{ee sh~ll hsve the opt~an to rece~ve and •ppty tAe s~me on account ot ihe ~ndeDtedness hcreby se~ured, m so perm~i ~he ~i~~rr~e,~
to rece~re •nd use at, ar any part thereut, vuhout thereby ra~v~n~ a imp~u~n~ •ny equ~[y, I~en, or n~ht undcr ar.d ti~ •.;r~uc th,~ ~
mort~a~e, tn eticnt ot loaa a phys~c~l d~ma~e to tAt n~ort~a{ed property 1he ~lort~~~or shall ~~ve immedute nu~~.c MernA n. ~
[h~ Mat~a~ee and che Nort~~~ee m~v make p?oof o1 )o~s if ihe sime ~c no~ rrtade promptly 5~ the \lur~~~~ar, In c.~r.~ r„r~.l~~.~~c ~ f
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