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Home My WebLink About1081 ~ . {'ROVIDEn, ALWAYS, that if the Alortgagor shall pay unto the tilortgage~ the indebtedness ~v~dencCd by u cettain promissory ~ote of which the followins in words and figures is a true copy ta-vr~t: , , i „C?~.L~..^/Z f~G~'~ ~ ` ` ~ \liami. Flor~da "iCi ~~l _7i i Fl?li ~':~1,1't~: tjF:('H:1~'F.U _-..r_ ;prp~iii~r t„~Ja~ l , , i t 1 ~ . ! T.~~~._.~ r:~:.--.~~•• ~::•~YiY~ i:.S uOl::u ~E::2c'i21LS ~(1 ~IlN V[Ul'~ ~l~ . ~J .J::.. .\-~~\~.I..J ~I.? •~.v. ~ ~ ^',;^~-.-.7Z~ :J'1t`Z'~ VL~"'::I2~~ . , . , _ . • . : ~ ' ?hr E~rinri~,sl';iini :~T • ~ ' ~ ~u---- U(}l.l.:~f~. tu;;rthcr w~th intr~r~l ' ~ thrrrun ir~m date at thr rat~ oi trn per~ent, pe~ ar.nwn uatil matucih•, both pnncipal a~~d int~•r~~t b~inr payat,le in lawtul monry u[ thr t' niteJ ~t:?tr~ at '_'2-~•i Bi.caynr Blvd., 11ia~iii, Flurida, or at ~urh othc~ place as tht huldc~. her~of may d~.ipuate i~ wnting. Y~inciE,at and inttrr~t pay~ble in in+t~llment~ a.; follows: , ~ ~ ~ t~1Z'~.~; ~ j'z ~ : j~ ~1L7, -'~3.~.=Z'c~ ~ ..:J?i ~ O~ S~i:..;,I ~i7~~ C^v .:;CC~.1L1V@ ':OTl~t1S 2 4 N:~:l~ v:l ~r V~' a:t-~:~~ C~~-C,~~'~ ..c::ui~~ :1i:.~ cil v:C: jt.1 ~..J.~ oi ( ~ .~i~r~l~ CJ_.v_. :::.~~1 ~_.t.' yju : G:,.~f C'. ~.~~/O~ ::.ti ~:..1V:~ Z-iwti V-i~ •i...~~l.i\.l: J..~.:11 `v\:\.v..1C~. 4NG al. ~J...~ .:../.it~. • ; ~ Th~s note r.:ap be prepaid in whole or in part aft~c one yzar ftom tht date hereof upon payment o: a penalty equivalent ; ~ tu f~ve percznt oC tht principal sum pr~paid. E:ach in~tallment pa~mrnt ~hatl be credited fi~t on the inter~st due, and the ~emainder on pnncipal; and ioterest ahall thrrr- ; i upon cea>r upun thr principa) so credited. Thr mak~~ and rndor~th of thi~ note iurth.er rcrre to waive demand, notice of non-payn~ent and prote~t, and in the event suit ; •6all br bzo~rht lor the collrction he~eof, or the ~aa~e ha~ to be collected upon demand of an atturney, to pay rea~onabic ~ttorney'F • : Irr. for making ~uch collrction. , Defer~ed ~~ayments hereunder ~hal1 brar intece~t at the rate of ten perc~~nt prr annum from maturity until paid. This t?otr is secured by a mortt,~ge of even date herewitb and is to be construed and enforced accordin~ to the laws of the ti~ ~tate of Florida; upon default in the payment of principai and/or interest when due, the whole sum of principal a~d interest rem.+ining unpaid shatl, at the option of the holdtts, become imm~diately due and payable. i~ i ~:1~:~5~' ~_r_. r, ~~'G,'-~- r_ f{SEAL) i ~ ~ ' (SF.~1L) i Prepued by ~pxter 8 Tendrieh, Altorneys - 2240 Biscayee Blyd., 4liami, Florida • and shall perform, comply w~th and abide by each and evety the stipulations, agteements. conditions and cave- nants ot said promissory note and of this deed, then this deed and the estatt theteby created shall cease and be null and void. 1. The Mortgagor he~eby covenants and agrees: • (al To pay ali and sia~ulu the princ~pal and ~nserest and other sums ot money payab?e by r~rtue ot sa~d promisswy note and ih~s deed, or either, promptty o~ the days respectirely the same severally becomes due. (b) To perm~t, caem~t or suT(er no Waste a~d to mam[a~n the ?mprovements at all times in a sbte of sood repair and condihan, and to do 9r permit to bo do~e to said prem~se~ nothin~ that w~ll alter or chan~e the use and cAaracter o[ said poperty w in :ny W ay ~mpa~r or ~reaken [he secunty ot this mort~a~t. And ~e case of the rcfusai, ee~leet or ieability ot the Mortsasor to repair and msintam sa~d proper- ty, the ?lartpaee may, at his option.~mate such repairs or cause the s~me to be m~de, and advaece mooeys in that beA~lt. (c) To pay al1 and smsulu the taxes, assessments, Ie~~~es, liab~6ties, and obliqtlona of e~erY natuce oe said descnbed property each ' and every rhen due and payable accord~n~ to law, befae they become delinquent, snd to dN~rer to the Mort~a~te o0 or betac March ISth of each year tax receipts ev~dencin6 the paymcne o! ati las~fully imposed tises tor the precedina calendar year to indemn~fy the Slortiasee upon his demand fa all taaes. ~ssessments and cAar`es that may be assessed upon this mwtsa~e on the indeptedness s~- - cured hereby, and paid by the roort~asee, .~thout•regard ~o any Isrr hereto(are enacted or hereafter to be enacted ~mposins payment o: Ne rhole or any n~rt thereo( upon t6e Mor~~tasee. (dl To pay all and sm~ular t6e cosu, charaes and expenses, inc?udm~ lawyers' fees and abstract costs roasonably incurrcd or pa~d at any ~~me by the A1«t6saec Decause of the fa~lure or: the part of the Mwt~a6or Io pertorm, comply v/~[h and ab~de by uch and ever~ ~he , sqpulaUOns, a6reements, conditions and covenants of said promissory note and tA~s dted, ot either, aod every suth'payment shall Dcar ~nterest trom date a~ the rate of ten O04.) per centum pct annum. (el It is further covcnsnted ~nd ageed by sa~d parues tA~t ~n the ereni o[ a suit bcin` instit~ted to forectose th~s ~rortaas~, the Nor~- ~a~ee shall be enuUcd to apply at any hme pendins such foreclosure suit to the court havins ~urisd~cUOn thereof for the appomtmene of a receiver of all and sinsuiar the eoort`a`ed property~, and of sll rrets, incomes. profits, issues ~nd rerenues thereo(, from w~hatsoever source derived: and thereuyon ii is hereby expresaly covenanted and ~~reed tA~t ihe Court shall forthWit6 appomt such rece~ver vrith the usual powers and dut~es of rece~vers in like cases: and said •ppointment shall oe toade by the court as s matter of strict n~ht to the Mortsa~et, and w~thout retererrce to ihe adequacy or inadequscy of the r~lue of the property hereby mort6a6ed, a lo tAc solvoncy or ~nsolvencY af the Mortsasors or any othe~ party defendant to such suit. The Morteaaor hereby spec~(~cally .sives the ngM to ob~ec~ to thc appo~ntment of a teceiver as a(oresa'd and heraby expressly consents [h~t sucA appo~ntmtnt shall be mado as an admitted e~uity and as a ma~ter ot absolute riaht to the Matassee and that the same may be dane w~thout notice to the Nort~a~or. (t) 1( foretioswt procetdina.s should be inst~wted a~ainst the property covered by td~s mortq~e upon any other l~rn or cla~m whether ' , allesed to be supenor or ~unior to the I~en ot this moriga~e, [he Mort~a6ee may at h~s opt~on ~mmedqtely upon ~nstuuuon o( such su~t ~ or dunn~ the pendency thereot declare th~s matgase and the iedebtedness secured hereby due snd payable forthw~th and may at ~ts oD~~~ p~aeed to foreclose th~s matp~e. (s) Th~t the Mottp~or r~11 keep all teal and personal praperty nor or herut~er encumbercd by the I~cn ot tE~s mort~agt ~nsured as may ~ bt required from t~me to time by the Mort~~~ee ~~amst loss by (ue, v~ndstorm and other haz~rds, caswlties and conti~~encies lor such penods and tot not leas th~n sach aaaunts may be reQuired by the Morlsa~ee and to paY promptly Mhen due all prem~ums (or sucA insurance. The aewunts of iosurance required by the Mort~a6ee shall be the mmimum amounts for wh~ch sa~d insurance shall bc ~ritten and ~t shall be ~~cumbent upon the Mortsi~or to ma~nhin such add~non~l ?nsur~nce as m~y be necessary to meet and comply Jully w~th atl co-~nsunnct reqa~reroents conta~ned in said policies to the end that the said Mort~a~or ~s not a co-msuror thercundu.lnsunnce shall be written by a coaopany or compa~~es appcoved or des~~nated by the Mort~a~ee and ~11 pol~c~es and renowals thereof shalt be helJ by the Mat~a~et. Al! deta~led des~~nahons by t6e Ulortp~or Wh~ch are sccepced by the Mortjatee and a!! asreements between Mort~a`or i ar?d Morts+~ee relauns to inaur~nce, aor eais?m~ or herea(ter msde, shall be in writin~ and shall be s part o( cA~s matsa~e a~recment ~ as tully as thou~h set fwth verbat~m herein and shall ~ovem both parties Aereto and the~r successors and ass~~ns. No lien upoa any of s~id pol~c~es of msurance or upao any re(und ot rtturn premium +~hieh may be payable on the cancellat?o~ ot term~nauon thereof, tihali be s~ven to otAer than the Mat{a~ee, except by propet endorscmeet sth:ed to auch pol+cy aed approved by Mat~a{ee. Each pol~~~ of { msur~ece shall h~ve a(fiied thereto a Sundud Ner York Mon~ajee Clause ~r~~hout Contnbuuon, makm~ slt toss or losses undcr .uah policy payaDlc to ~he Mortp~ec as ~es ~a~erest re~y appetr. !n tl~t evsnt aey sum a swas of money becomc payabl~ tAercunder the ~for~- ~~~ee sha11 have the ophon eo rece~ve and apply tbe s~me on account of the ~ndebtedness Aereby secu~ed, or to permn the ~lortg~po~ to receive and ust ~t, or any psrt tAereot, r~thout thereby f~ivina or ~mpu~~n~ •ny eQuity, I~en, or r~~At urtder ~nd by .~nur ot ~h~. mort~ste. In eveet ot Ioes ~ physiul damije to the mortp~ed property the Mortp~or sA~ll ~~ve ~mmed~~te nouce thereof b> -~,t t~~ the Mat~~jee and ~he Mort~a~et may make proof of los~ ~t the s~me ~a not made promptly by ~he ~1a~~aior_ In e~cni o! fvre.l~~.urc ~,t . eoox ~~0 10~8 ~ _ - - ~ _ - - ~ : ~t ~u ~ ~ ~ ~ ~,K~~.a.~~~.'~i~~.'-',~~°~ ~a i:~~v~'~ 'i_~.~.-'.:.n ,r - - _ Wz~-~.a~ ~.~~7.rt-'T~s.