The URL can be used to link to this page

Home My WebLink About1343 , - . PROVIDEII, ALWAYS, that if the \1~irtQagor shall pay unto the \b~t~agee tht ~ndebtedne~s r~ idrnced by a certa~~ prom~ssu~y note of w~h?ch thc followin~ ie w•ards and f~gures is a true copy to-w~t: s 3850.00 ~4~9'~ February 13 1 Miami, ~'tocidi 1 q 7 FnR YALUE RECEIVFD I ~m~ ~o wr ~ t~~ ihe ot+dct o~ HENRY TROSS1dAN AND TILLIB T ?h~ ~;~~p,~ ~,m ot Three Thousand Eight Hundred Fif y and , Rs, togethe~ with interest thcnvM (wm date at the nte ot ten perceet, per annum unW matutity, both principal and interat bei~ p~r~We in larrful money oI ~ i~h~ l?nited ~tatea at 2~44 Biscayne Blvd.~ Miami. Florida. ot et wch otMx place ~s the holden hereoi may desianate in w~ti~. Pri~cipal and inte~t p+~yabk ie inslallmeota a~ fdbMS: Seventy (8?0.00) Dollare per 'onth, ior ei~cty (60) aoneecutive ~ontbe, on the 15th d~y oi eacb Qnd every ~onth, beginaing on the 15th daUr ot April, 19?l ~ and continuing until the 15th da~r of April, 19?6, at rhich time the bal~nce eh~ll beaot~ due aad po,yoble. 7'~~s notc may be prepaid in whole or in put Jter one yeu from the date hereo( upon pay[nent of ~ pen~ity equivalent tu f~ve petcent o[ the principal sum ptepaid. ~ P.ach inatallment payment ahall be ct~editcd first oo the interest due~ and the e~emainde* on principal; and intee~eat ~i+dt there- upon cesse upon the prencipal so credited. Thc makers and ~ndorrrrs of ihu note [urtl~cr a6rre to waire demand, notiee of non-payment and pwtest. and in the er suit +•I~all br brought tor the collcction hereof, o~ the aame Aas to be cdkctcd upon demand oE ao attorney. ~o p„r ~..o,~.w~ .e i fre. for making such cdkction. , ~efenrd payments hercunder ahali bear intetrst at tht ate of tee pet~cent per annuln froa~ matutity tentil paid. 7?~ia note is ~eaurd by a~nort~e ~ of evee date here~rith and is to be construed and eefoeccd ~coocdin~ to the ta..a oE tf~e ~ j ~tate of Ftorida: upon defwlt ia the~a~rme~t o[ principal ae~dlor ' t rrlx~ due, the w~a~ af p~neipal wd inte~~t ! irnrinin` u~aid shall. at the option ot the holde~s, b~come i~nncdia due and p~yabk. ~ I (SEAL) i i ' (SEAL) ~a~a sy s T~. - ria s~ er~a.. ~w..~. ~ and shatl perfcxm, compi~• w~th and abide b~ cach ar~d even~ the stipulat~ons, agroements, conditions and cove- nants of said prcxn~ssory note and of this dced, then this deed and the estate thereby created shal) cease and be nul! and ~•oid. 1. The Mort~agor hereby covenants and agrees: lal To paY a11 snd s~n~ul~t the prmc~pal and ~mercst and uther sumx o! money payable !+y v~ttue of sa~d pomissory nu~e and th~s deed, or e~ther, prosptly on the days tespecurely tAt same severally lxcomes due_ lbl To perurt, coain~t a suf(er no ~aste a~d to ma~nuin the ~mprovements st all t~mes ~n a sta~e of aood rcpau and condrt~on, and to do or perm~t to be dooe to sa~d prcm~ses nochms thac M:11 ~Her or chan~e the use and chancter of sa~d property or ~n any ray impau o~ .eakrr. ti~e secunt~~ af Nu mortp~o. And tn case of the relusa), neslect or inib~6ty of the Mortpsor to repair and mamtam si~d proper- ty, the MatsaEce may, at h~s opt~on, matt sut6 rcpaus a cause the same to be roade, and advance moneys ~n that behal(. 1:~ To pay •11 and cin~ulu ihe taies, assessments. le.ies, Iiab~GUCS, and oDlipuons ot every eawre oo sa~d ~lescnbed property each and e~err ~rhen due and payable accord~n= to lar, bef.xe thty becane 6clinQuen~, and to dei~ve~ to tht Mort~aeee on os be(ore March 15tA of tach year taY rece~pts ev~dencma thc psyment of all lartully ~mposed taaes tor the precedm~ qlendar year, to ~ndemm(y the Alort~a~ee upon Ais demand fa all taxes, •ssessmcnes and cha:~es that may be a3sessed upcx~ th~s mort~ase on the ~ndebtedness s?- cured hercby, and paid by the mortRa~ce. ~~ehout reeard to any lar Aeretotore enacted or hereafter to be enacud imposins ~ayment o: :hc ~hole or any ~•art theteof upan the MortEa~te. Id! To pay a11 and s~naular the rostc, char~es and exyrnses, ~nclud~n6 la~'ytrs' tees and abstract costs reasonably mcurrcd ar paid at an> ume by the Mor?6a~te becyuse of the ta~lure oe tht psrt ot the MonEaEor to perform, comply r~~th and ab~de by tach and evcry the staputat~orts, aEuements, cond~hores and covenants ef s:ed promissor~' note and tAis deed, a either, and every sucA pa)'ment shall hear mtercst frpe date st the r~te of ten 1105) per centum per annum_ (cl It is turther COYtR~Rltd tOd a~reed by sud pattus that m the event o( a su~i bemE ~nsututed to (oreclosc th~s mort~a~c, the Mort- ~a~ee shall be en~~tled to apply at any time pend~ns such foreclosure suu to the court hav~o~ ~ur~sd~ct~on therevf fa the appo~ntmeni o! a rcce~ver ot i11 and sinsula~ tAe mor~~aRed property, and of aU rents. ~ncomes, prof~ts, ~asues aod revenues thercot, 6om ~hatsoe~er source denred; acd thereupoe it ~s herebY upreasly co~ena~ted and a~rced W~t the Court shall fathwrt6 +ppo~at such rece~~er ~r~th the wual aorers snd duues of recee~erc ~n itte cases, and sa~d appo:ntment sha11 be made ~y the cowt ss a matter of s~ric~ nsAt to ~ thc MortEa~ee. and xithout re(ercnce to thc adequac~ or ~nsdrqu~cy o( ehe value ot the property hereby matda6ed, or to the solrency ~ or msolvency of the ~lortq~ors or any other party defendant to sucA swt. TAe Mottsa~a Aereby apec~tically aa~vcs the n6h~ to ob~ec~ to tht appmntmeo~ of ~ rece~ver as afwesard aad hereby eapressly crosents that sueh appo?ntment shall be made as an admitud equit> and ss a enatter ot absolute n~ht to the Mort~a~ec and tha~ the same m~y be done .~~thout not~ce to the Alortp~o~. I!) If toreclosure proceedm~s shoLld be ~nst~tuted a~amst tAe property corcred by th~s mortEase upon any other Iien or c1aiR wh-_ther slk~ed to be supenor ot ~un~or tc the lun of this mort~a~e, the Mort~a~ee may at h~s ophon ~mmedutety upon mshtut~on of cuch su~t or durrn~ the penpency tbereof declare th~s morr~~ae and the ~ndebtedne~s secaed Aereby due and payable (~thwish and may at ~tr opt~on proceed to (oreclose this mwtia~e. Th~t the 51ort~sor v~~l keep ~11 real and personal property nor a hereafte~ encumbered by tht I~en o( :h~s mort~{a~e in~urtd a~ m~y be requued (ran bmt to t~me by U?e Mort~a~ee a~ainst loss Dy t~re, A~ndstam scd otAcr haiards, c~swlt~es and conemEenc~es fur cu:h per~ods and tor not less thap such ~m~nts as m~> Ge requued by tAe Mort~~~ee and to pay promptly ~Aen due atl prem~ums (or such msYrance. The araounts o( ~nsurance requ~red by tAt Mort~agee sAal! be the m~mmum arrounts (or ~rh~ch sa~d msu~ance shall be ~s~tten aad ~t shall bt ~ocuoibent up~+ tAe Rlortsa~w to mamta~n such •ddit~oaai ~esur~rtce as may bt necessary to meet ind comply tuUy r~ih all co-~nsurance teQu~reeents contamed in xa~d poLcus to the end that tht said Mort`a~a not a co-~nsuror thereunder.lnsuraece sh~11 ~t wntten by s company or compan~es approved or desi~na~ed by the Ma<<a~ee ~nd s11 pol~c~e~ ard reneralc thereof sh~lt tx hetJ by rl+e A{atNt«• AI! deta~led des~~reauons by tbt Mat~asor ahuh are accepted by tht ~1ort~asee and ali a~reementt be?ween ~4o:tp~or j snd Mort~a~ee rel~tins ta ~nsur~nce, nof eaist~n~ or heresfter msde, sAail be in ~rit~n~ snd shall be a part o( ~h~s mor~~~se asreencnt ~ as tully as tbou~h set fa~h verDat~m here~n and sh~ll soretn both parties hereto and tAeir successurs aod assi~ns. !Vo I~an upon any c~f s~~d poLeies of iASU?snts or upan ~ny retund oc return pr~m~uei ~h~eh msy be p~yable on tAe c~ncellation a term~n~,t~on ih~reof, shali ~e ~~ven eo other rhan Uu 1i/o~t~a~ee. eacept by proper endorseaent ~If~ied to such po1~cY and approved by Mort~atee. Each p~,!~c~ o( ~asw~nct sb~If fure affi:ed there~o • Sundud Ne~ York Mon~~~ee Ctause ruhout Conu~buuon, a~~k~n~ alt losc or lossc+ uniler .u~h poLcy p~ysble ~o the hlonp~ee ~s us ea~erest ~y ~py~sr, ~n the erent any su~ a swas ot maney becume pay~ble ~hercunder Ne ~tore- ~asee s~all have the opt~m [o rece~re sn8 •pply Me s~mt on account o( tife ~odebtedness ~ereby secured, or ~o permu ihe ~IertE~~vr to rece~re ~nd u~e n. or any p~rt [hereof, r~thcwt tAereby ~viv~rt~ or ~mpaenaj any tQurty. Len, w rish~ und~r snd by .utue of th~. mart~a~e. In event ot loss or pt+ya~c~l dams~c co ehe rnort~a~ed property Mort~asor sA~lt ~~ve tmmed~~tt eoU~t therco! b~ ~•,i c~~ the i/o~t~a~ee and the R{ort~i~ee may makc pvuf o( Inss the same ~F aN made promQUy bY ~he Nt+rt~a~or. tn e•cn[ 01 twr~l~~wrc nt s~QK 1~ 134~ _ n_ ~ _ _ < < ~ - - ~ _