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Home My WebLink About1166 PROVIQEn, ALWAYS, that if the Moct~aror shall pay u~to the 111ott~agee the indebtedness evidenrrd by a certain promissoty note of which the follovvin~ in words and fi~ures is a true copy ta.w~it: ~ ~ ~~44~~~C ~~4tC Aliami,Florida FQbTU~~ 13 ~~~-rfl - ~ FUR VALUE Rf.CE1VI:D I promi~ tu µay i~? tt?~ ord~r o( __~ij~~'~$j~i~N D T.~,LIE FRIEDMAN his wife . ~ i i~ir principal sum of TMO TZ10Lte~t2ld NO !lII I`Q 3/ ~II IIO DULLARS, togeth~~ with intererl thrceun fnirn date at the nte o~ ten percent~ per annum until maturity. both principa! and i~terest being payab}e in lawful mon~•y uf ti~r llnited ~tat~t at 22~W Bi.,cayne glvd., Miami, Florida, or at auch cyher place as the holders'hereof may deaignate in writing. , f'ri~~cipal and intercat payable in inatallmcnta aa (ollowa: ~ ~ ~ Forty Five (~4g.00) Dollara per month, !or aixty (60) coasecutive oonths ; on the 15th d~r of each aad ever~r month, beginning on the 15th d~y of ~ ~ April, 19?l, and coatiauing until the 15th day ot April, 1976, at which time the balance ehall beoo~e due and payable. i ~ This note may be prcpaid in w~hole or in part after one yeu fcom the date hereo[ upon payment of a penalty equivalcnt ~ cu (~ra percent of the principai sum prepaid. ~ E~c~~ in:talln~ent paytnent sha!! be credited Crst on the intercat dne, a~d the oemaipder on principal; and intercst aha!( t!u•rr- ' u}~un cra.v upun thr principal so credited. ~ Tl~r mak~n and rndorscro ui thu note fu~ther sgree to waive demand, notice of non•payment and protest, and i~ the event suit ~ ,1~~I1 i?e~ bruught (or the cdlection hereof, or the same has to be cdlected upon demand o[ an attorney. to pay reaaonaWe attorney x ~ i~•r. fur raakirig such collection. U~[~nrd paymcnts hereunde~ shall bear interest at the nte o[ ten pet~cent per annum [rom maturity until paid. ' ~ 7'his note ~c ~ecured by a mortg,~ge~of even d~te hereMrith aed ie to be cwistrued and enfo~+ced accordin6 to the laws o[ the~ ~tat~ of f'lorida; upon de(ault in thepa yment of princapal andlor inta~eat wheo due, the ~rhde sum of pnnci~l and iriterrst rrmaining unpaid shall. at the option of the holders~ become immediately due and payable. , ~ ~l/.,,.~,~,L~1 i,?.,~-~ ~,,,f~_~ (SEAL) ' / ' F'r~ rrd D r SI:AL ~ W r~P kr ~ Tmdrich. Auorncy. - Z140 Bi.cayae Bi.d., Miuni. Plorida ~ ) and shall perform, comply w~th and ablde by each and every the stipulations. agreements, conditions and cove- nants of said promissoty note and of this deed, then this deed and the estate thereby created shall cease and be null and void. 1_ The Mortgagor hereby covenants and agrees: (a) To pay all and s~n~utar the princ~pa[ and ~nrerest and other sums of moaey ~yab}e by r~rlue o! si~d prom~ssory notc and th~s deed, or eiWer, pomptly on the days respect~rely the same severally becaees due. (b) To permit, comm~t a sutter no rraste a!~d to wamu~n the improvements at all hmea ~n a state of ~ood repa~r and cond~t~on, and to do pr pene~t to be done to said p~em~aes ootAma th~t K~11 alter or chaa~e the use aed character of sa~d properry or in any way ~mpair or reakea the secunty of Nis a~ortp~e. And io case o! the retus:l, neilect w inibility of the Mwtjasw to tepair and maint~~n said proper- ty, the ?lartp~ee may, at h~s opt~oe, mate such repairs or cause the s~me to be madt, and sdv~nce moneys ~n that beh~lt. (c) To pay all and sin~utu the tazes, assessments, lev~es, liabilit~es, and oblipt~ons ot every nature on s~id descriDed prope~ty each and erery ~hen due and payable accord~n~ to la~~, be(ae they become deliaquent, and to dclirer to the Mortta~ee on or be(ore A/arch ]Sth o! each year q: receipts ev~dencina the paymcnt ot all la~rtully ~mpased ta:es (w the preced~na calendar year, to mdemmfy the Mortta~ee upon his demand fa all taxes, asscssments and chsr~es that may be assessed upon this mo~t~~~e oe? thc indeDtedness s~- cured hereby, aed paid by the mo~taa6ee, ~•ithou[ resard ta aay la~r heretotore entcted or hereafterto be enscted imposins payment o: the rAole or ~ny ~nrt ihereof upon the Mort{~see. (d) .To pay all and s~n~ular the costs, char`es and eapenses, includ~n~ lavyets' fees and abstract costs reasonably ~ncurred or pa~d at any ~ime by the ~ataasee because of the fa~lure on the part of the MortEa~or to perfotm, camply w~th snd ab~de by eacA and e~ery the shpulat~ons, a~reements, condit~ons ar+d corenants of sa~d promiasay note and this deed, ot either, and every such~paynrnt shalt bear mterest (~pe date at thc ~~te of ten (j0'i) per centum per aenum. (el It is (urther corensnced ~nd aveed by stid p~rtees ehat m tAe evenl o( a suit De~ns ~nsUwted to taeclose th~s m«t~aac, the Mora p~ee sh~l1 be enutled to apply at any ume pendins ~uch (oceclosure suit to the court havins jcv~sdictim thercof tor the appointmen~ ~ of a receirer of sll and sinsulsr the mortjssed property, and o( sll rtets, ~ncamea, prohts, issues and revenues thereof, from.natsoever source denved; aad thereopoa ~t is he~eby expreasly covenanted and •~reed th~t We Court shall torthr~~h appomt such rece~ver ruh the usu~l po~rers and dut~es of receivets in tike c~aes; and s~id •ppo~ntment sh~}I be made by the court as a mstter of strict nsht to the !Natpsee, and w~uhout reference to the sdequacy or madequacY of the v~lue of the property hereby mort`a`ed, a to thc solvency w ~nsolveecy of the Mortsa~as or any other party-delendant to such suit, The Mortp~or hereby specdically waives the risht to ob~ect to the appo~ntment of a receiver as atoresa~d and hereby eipressly consents that sucA appo~ntment sh~ll be made as an adm~tted eqwty and ~s a roatter of absolute r~~ht to the Matsa~ee and th~t tAe same aay be done r~thout no~ice to the Mortaa~or. if faeclosure proceed~np should be ~nst~tuted a{~~Rst the property covered by this roort~a~e upon any other I~en or cla~m whether allc~ed to be supenot or ~un~or to the lien o( thu matp~e, the Mort~a~ee may at Qis ophon immtdutely upon msatutian of such su~t or durm~ the pendeocy thereof declare th~s neats~se •nd tht irfdebtedness secured hereby due and payable for~hv~eh and may a~ option poceed to laeclost tl~~s motts~~e. 7'hat the Mor[~asor ~~1! keep sll real and personal property oo~r ar here~fter encumbered by the I~en o( tA~s mortsa~e ~nsurtd as may be required fro~ t~me to ~ime by the Morts~~te ap~nst losa by fire, ~r~ndstatm and other h~zude, c~swlues and contin=enc~es tur such per~ods sed fa not leas t6aa such amounts •s miy ~e requrced by ehe 1Nortsa~ee snd to pay proe~ptly when due all prem~ums f« such msurance, The amouots ot ieuuru~ce reQurted by tAe Mortsa~ee shall be the m~n~mum amounts for Wh~ch sa~d ~nsurance shali be wr~tten and sAall be u?cuabent upo~ the Aloresa~a to mamtsin such add~UOn~I ~nsurance sa may be necesssrY to meet and comply (ully ~~th all co-insur~nce reqwrements conts~aed in ssid pol~cies to tht end that ihe said Mat~a~o~ ~s not a co.~nsuror thereunde~.lnsurance sha{I be ~ntten by ~~~OapY a ~wnpau~es ~Pproved or des~~ea~ed by tht Mort~a~ee and all pol~c~es and rene~rsls the~eof sha11 be AeIJ by the Mortp~tt. All deUiled dtai~nat~ons by the Mwtsasw rAuA are accepted by tAe Mortaasee and all asreemems bet~reen lNort~asor +od 1~t~a~ce rel~ao~ to 1nsw~nce, nor ea?sGn~ or Aeres([cr made, shall be in rntms and sh~ll be a part o( th~s mort~a~e s~reemem ~ as tully •s thouth set (ortA ~erbst~s~ herem and ahall ~overn both part~es hercto and tht~r successors snd sssi~ns. No I~en upon any of said policies of ~nsuranct w upai aey refund or return prem~wn ~rhicb iasy be pay~ble on tAe c~ncellst~on or term~nis~on thertof, ~hall Ee ~~ren to otAer chan the 11o~ta~jee, eacept by ptoper erdorsement ~lf~aed to sucA pol~cy snd appoved Dy Mort~a~ee. EacA pol~cy ot ~niYr~nce ~hall h~ve sff~aed t6treto a St~ad~rd Ne~ Y«k btonp~ee Clause vuhout Conv~butron, eNk~n~ al! loss w l~sses unJcr yu~h policr p~Y~b1e ~o the Mortjs~ee as ~ts ~oterest may ~ppa~r, (e tAe eveet ~ey sum or swss o( money becane payable thereunder t~e ~1ort- ~~~et sAal1 A~ve the option to rece~re aeW app~y th~ i~~pe p~ ~~~ount o( tht ~edebtedness hcreby secured, or to perm~t the ~1or[~aRor ~o rtcNve •nd we ~t, or any part thereot, ~lthout tht~eby v~iv~es a~mpunru any eQuuy, Len, w njht undrr and by vutur ot sA~, ma~r[~~se. In erent of Iws or pt~rsic~l daeu~e to tAe ~ort~a~ed property 1Ae Matp{or lhaU ~~re uomed~~tt nohce thereot b~ ~-a,l c„ tht 4lortp~ee and the Mwt~~see ~ay makt ptoof of bs~ ~t tAe ~ime ts no! made promptly by the Nort~a~or. tn c.em o! hxe~i•~.urc of E~?JK ~ ~~0 1i63 ~ ~ ~ ,_r _ _ - ` ~ - ~ ,