HomeMy WebLinkAbout1082 PROVIDEn, ALWAYS, that if the \iu~tgagot shall pay untc~ the lkutgagee thr ~ndcbteJnesx evid~ncrd by a
~erta~~ promiss~i~y note of which the f~~lluwing in wotds and figures is a ttue cupy lo-Wi1:
~dyti~L ~~O~G
s 1025 .00 Miami. ~lorid~ Merch 20 ~q71
FUR ~~rE 1~~~v~~?E, We, 3 ointly and severall~r _ ~om;~ ±
to the orcler of T wY
the principal wm of Ot1e Thousand 7~~.~t~ Fi v.~ An~ np~l~A __~___DOI.LARS, togethe~ wiih intettst
th ~reon Iwm date at the rate o( ten percent, per annum until matu~ty, both priocipal and interest~bein6 payable ia law(ul moeey ot •
th: U~ited State~ at 22~14 Biacarne Blvd.. Meami, Fiorida~ or ~t wch other place u the hddus hereo~ mar da~i~te in writin`.
Pr(hcipal a~d intereat payabk io inetdlments ~[dfovrr
Thirty ($30.00) Dollars per month, beginning on the 15th day of
May, 1971 and continuing on the 15th day of each and every month
thereafter until paid in full.
Thi; note may be prepaid in whole or in put after one yeu from the date hereof upon payment of a penalty equivalent
to (ive percent of the principal sum prep~id.
Each inrtallment payrrient shall be ccedited firat on the inten:st due, and the remainder on principd; and interes! shdl there-
upon cease upon the principal so credited.
The makera a~d endorsera of thit note further agree to waive demand, notice ot non-payment and pratcst, and in the erent wit
:~ha!! be brought for the cdlection hereof, or the same has to be cdlected upon demand ot a~ attorney. to p~y reasonable attorney i
~ krs Iw making such cdlection. .
Dtferred paymenta hereunder eh~116ear intereat at the nte of ten pecceot per annum Iw~n maturiq untel paid.
7'hia note is etcured by a mortg,~e~of evcn d~te henwith and is to be conatrved and enfocoed acco~ina to the la~n f the •
State o[ Florida; upon detault in the pay~eent oi principal andlor inte~est when due~ the whde aum o( pnntipd and '
remsinina unpaid ~hdl, at the optia+ oE the holden, become iaunedi~tcly due and payabk.
• V !ZC `~-t (SEAL)
~ ` ' (SEAL)
P~ePa~d br Spiekr d~ TendrieA. Auor.er. - Z240 Bi~e.ywe Bt.d.. Miuni. F~ .
and shall perform, comply w~ith and abuie b~• each and e~•ery the stipulations, agreements, condiUuns and co~~e-
nants of said promissor~~ note and of this deed, then this deed and the estate thereby created shall cease and be
null and vaid.
1. The ~bttgagot hereby co~~enants and agrees:
(al To pay ali and s~n`ular the princ~pa) and ~nterest and other sumc of money payable b>• v~rtue o[ sa~d ptom~s>ory note and th~s
deed, or e~tAer, promptly on the days respcct~vely the sam~ scaer~lly beromes du~.
(bi To perm~t, commi~ or sufler no ~astr a~d to ma~ntaen the improvements at a11 times ~n a ctate of good repav and cundiUon, ar.d to
do a perm~t to be done to sa~d prem~ses noth~na that r~ll alter or chan~e tl~e use and character of sa~d proptrty or ~n any ~ay ~mpa~r ur
M~eaken the serur~ty ot th~c mw~ga6e, and ~n case of the rcfusal, neslect or mab~lrty ot the Mortgator to repau and mamtain sa~d proper-
ty, the Nat~aact may, at his op~ecM, makc soch repaua .x .aucr the same to be made, and advanc~ monrys m that bchalL
tc) To pay all aeid s~n~ular the taxes, assr+sments, Ir~~es. l~ab~I~hes, anil oblitat~uns o( every na[ure un sa~d descnbtd property each
~nd every when due and payab~e accord~na to iav., be(.xe they become delinQue..t, and to dN~ver to the NortgaEee on or before March
IStA of eacA year tax rtceipts ev~denc~rt6 the pa~r.~ent of atl tarfull~~ ~mposed tues for the prcced~na calendar year to ~ndcmn~fy the
~fortsaset up~x~ has demsnd tor all uaes, a.srssmcntc and :hat6es that may be assessed upon thzs mort6a6e on the•~ndebtedness c._
cured hereby, and pa~d by the moetEagee, without ecgard to any IaM heretofore enacted a hereafter to be enacted ~mpu~~na nayment o:
the rhoie or an)' ~art thereof up.x~ the llortEagee.
(di To pay all and a~n`ular tAe cos[s, charErs and c~ptnses, mclud~nE lawytrs' fees and abstract costs resconably~ mcurred nr paid at
an> ~~me by the Sl~tga~ee because of tht failure on ~he =ean ot the ~tuctga6or to petform, cixnply w~th and ab~de by ea:h and every the
st~pulat~ons, atreements, cond~huns and co~en~nts uf ~a~d pr.rm~ssory note ~nd th~s deed, or c~ther, and cvcry su.h paqment shal? hear
~ntercst trom datc at the rate o! tert 1)O"s) pcr centum per ~nnum.
Ie) 1t ~s further covertaoted snd a6reed by sa~d parhes tb~t in the e.ent o( a su~t bc~ng ~nsuwttd t.. toreclose tAis mr.rtgase, the llort.
6a~ee sAal! be entdled to apply at any time pend~ng .uch forcclosure ,uu to the court havms ~unsd~ct~on therenf f~k tAc appomtmenf
of a rect~ver of a11 and s~n~ular the ma~EaRed p~operty, and of all rcnts, incomes, prof~ts, ~ssues and re~enues Shrreof, (tom whatsoe.cr
source denr~d; arsd thereupon ~s h~rcb~ expressly ~ovcnanted aod a6reed that the Court shall (urthwith appomt .uih rccc~ver ~uh
the uswl povers and duue~ of recei~er; ~n I~ke cace., and sa~d appo~ntment sh~l1 be made Ay the court as a matte! o( titnct neht ~u
the S1cxt~a~te, and r~thout re(erence to ~he adrqwc~ .n inedequacy u( [he raiue o( tAe property Fereby m~xtEigeJ, nr tu :he .~~l~rn.y
cu snsolvency of ihe ~lortaasorc or any other pert~• defen.lant to sucA +u~t. The ~1ur~ga~or hetebp spec~f~cally ra~ves the nght to ~b~e~~
to the appo~ntmen~ o( a r~co~ver as aforesaid and herrb~ rapaecsly consents that such appu~ntment shall be made an adm~tted r~u~i> ~
and as a matt~o of absolute r~61tt to thc Ncatsagec artd that the czme may be Jone r•~thout notue r~~ the 1lonsagur.
ff foreclosure procetdmLs shoulJ be inst~tuted agamst tAt property rn~ered by this mortgaae upon ~ny otAcr Len or claim ,.hrthcr
atle~ed to be supenor ot ~umor to the hcn of this mort~a6c, [h~ S1urt~aEee may at h~~ opUOn immed~ately upon ~n.t~t~uun ~~t .uc1 .u~t
or dur~n~ the pemiency thereof declare th~s mortga(tr and th~ indebtedrsesc secured hereby due and p~yab?r t~.rthw~eh anJ mrv s:
opt~on proceed to fo~eclose ihi. m~~a~a~.
(t) 7~at the Mo~iNaor s~ll kttp all resl ~nd pennnal prupe:ty nos a h~rcafter encumbercd by th~ I~cn of !h~s mortgase in.urcd a~ m~y
be reQuued (tom ume to time by the ~lortaaEee a6ain~t loss by (ue, winu.tcxm and olher hazards, ca~u~lt~e~ :nd ~~.ntmEenuc+ :or -u~h
per~ods and ~~x not less :han such amounts ss may be requued by tAe Hort~a6ee and to pay prompUp .hen Jur •It prrmwm~ f~w such
~nsur~nte. The imounta of ~nsursme reQuired by the S1ort6agce sha11 be the min~mum amuuntc !or oh~ch »~d ~nxu~ance shall h~ ynltrn
and ~t shsll be mcumbent upon the Wort~ag~x ~o mamtam surh add~~wnal ~nsurance a+ may be nece~r.r> ~o meet and IJTpS> fully •w~th f
alI co-~nsuronce reqwrements conta~ned ~n said pul~cle~ to ~he end thrt the ,a:d \}ortEis~r ia rot a co_tnsurot thtreunJcr_~n~ur~n~c ~
sAall be rrr~tten by a company or compan~es ap~oveS a de+~gna~ed by the Mwt~asee and all pol~c~es an~ renewal. therc~~f .h+11 be he1J
by the Matp~ee. All dtts~ted desi6nat~oe. Dy ~he MortEaRor wh~ch are acccpted by thc Nort~a6ec ind ell aarccment. bctyecn NartEaEor
and Mortss~tt relat~rt` to maur~nce, rtov ex~stm6 or herrai~rr madc, sha)I be ~n rriUna ind sh~11 be a p~rt o( ih~. m~xig~Ee a~rccmcnt ~
as fully as tAou~h set (orth verbst~m herein and shaU eovcm both part~es hereto and tAeu succcs~or~ and ass~gn.. No I~en upun iny .~t
s~~d pol~e~ts o( ~nsu~ance or upon any rc(und ex return prem~um ah~ch may be payable on the cancetl~twn or term~nanon there~~f, .A~ii
be ~rven to othtr than the Mwtt~6«. ~a~ept by qoper endnrsement ~t(~xed to suck po)~cy and spprored by Ma~~~gee. F.a.h put~.y ~~t
~niutance sha11 hare a((ixed thereto a StanJard Ne~r York Mortsasee Clause rithout Con[nbut~on, mak~ns all ios. ~x Iu.,c. un~cr • u. h
pohcy payable to ~he Nwt~a~ee as ib ~nterest :nay sppear. In the event any aum or sums o( money become pay~hlc ~hcrcundcr thc ~1~~r~_
t+i« ~hall hsvt tht ophon to reccive and apply Ihe same un account ot the rodebtedntss hcrcby .e~u~cd, or tn p.rmit :ho \I~~rt~cr¢,•r
to reu~ve •nd use ~t, or any part chcreuf. w~~hout tAereb)' w~aiv~n~ ~~mpainn~ any eqwty, lien, ur n~ht undrr and h. .u~uc o~ t'.~.
mott{~~e. In event o( Inss a physi~ai Jamase to tht mortsased propcrty the Alort a w shall :
i 6 a~+t ~mmcdistt noN~e therrut n~ t.
~ht Mottq~te arkl the S1otlpaEoe m~y make pro.~( of lo~+ ~f thc camc nnt maJe promptly bv thr ~tortg~Ew, In e~rnt nt t~xr~i~•~urc .~1
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• ~ ~L~~. ~91 1.080
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