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Home My WebLink About2188 ' . • i . . ? ~ . . ~ 1 PROVIDE(1, ALWAYS, tha~ if the No~t~a~qr shali p~y unto the \b~t~a~ee the i~debtedness evidenced by a cett~in ptanisao~y note of which the toilowin~ in wocds and fi~ures is a true copy taw~t: 'fJrayH~~~ ~iZot~ t 5~ S 0. OQ INiami, Floridi M8y 1 S, tq ! FOR VALUE RECEIVED We, iointly and severally promise topay eu the order o( HERMAN A. RUSSIAN . the principsl sum o[ Fi v~! 1'hoLaand 1~ao N~ndre~ Fi ft-~ and Nel~n~ pQj,~,qR$~ ~ogethe~ with intere:t thereu~ fwm date at the rate o( ten percent, ptr an~um until matucity, both principal aod interest being payable in lawlu! moncy uf ~i?e ti~ited State. at 2~~t4 Biscayne Blvd.. \tiami, Floridt, or at auch othet place as the hoiders herto! may designate in writing. P•iocipal and intere<t payable in enatallments as followa: ~ 1 ~~ne Hundred Ten ($110.00) Dollars per month, beginning on the lSth day of July, 1971 and cont~nuing on the 15th day of each and every ~l month thereafter until paid in full. ! This note may be prepaid in vvhole or in part atter one yeu from the date heteof upot? payment of a penalty equivalent tu five pe~cent of the principal sum prepaid. Eych installment payme~t shtil be credited first on thc intecest due, and the~ remainder on principal; and interrat shal! th~~n•- upon cesse upon the pnnciw! so credited. The mak~~ and rndase~ of this note further agree to waire demand. notice of non-payment and protest. and in the event suit .I all br bmught tor the collection hercof, or the same has to be collected upon demand o[ an attorney~ to pay reaao~able a(torney's f ~ [oc makin6 such cotlcctio~. fle(enrd payments henunder shall beu intereat at the nte of ten pcrcent per annum fmm maturity until paid. 7~ia note is ~ecured by a mortgage~oE even date herewith and is to be coostrued and enforced acco~din~ to the law,%of the ~ ~ ate of flarida; upon deEault in thepa yment of principd andlor intercat rrhe~ doe, the whde ~um ot prir~cipal and interest rrmaining unpaid shali. at the option oi the holders, 6ecome immediat~y dne and pay~le. ~ • : ' % ~:~~4-~ (SEAL) ~ ' (SEAL) hcpucd by Spiekr ~ Tmdrich, Attameys -?'l40 Bircapne 8lyd., lYW~ei. F and shall perfexm, comply with and abide by each at?d every the stipul~tions, agreements, cooditions and cove- nants of said promissory note and of this deed. then this deed and the estate thereby created shalt cease and be null and void. 1. The Mort~agor hereby covenants and aj~ees: _ (~l To pay •U and s~nsulu the pr~nc~pal and mterest and other swas of money payable by v~ttue ot sa~d pcom~ssoty note and th~s deed, or e~tAt~, proe~tly on tAe daya respechrely the sase sereraily becaa~es due. , (b) To permit, conr~+t or sufter no ~aste a!~Q to mamqin ~be improreoeots ~t ~N usea in a siate of ~ood repair and cond~uon, and to do a pera~t to be done to s~id pree~iees notl~in~ that wr~ll alte~ or cA~tue t6e use ~nd cA~~acter of said popetty or in any May ~mpa~r or ~re~ken the seeuri~y ot this ~a~~a~e. And in c:se of tAc utusal, oe~lect or ieability ot Ws 1Aott~~sor to reps~r and maintam said proper- ty, eAe t~la~p~ee may, Ais opt~an, mate such ~e~irs or c:use the ssme to be made, and ~drance moners m that Dehalf. (c) ?o pay ail and siniuiu the ta:es, •ssessments, ie?~es, liabilities. and obli~uons uf erery naeure aa ssid desctibed propeny each and erery rden due and payable atcadiai to la~, be(ott ther becoene delieqrent, aed to delirer to the Mort~a~ee ao oe bef«e Msrch ISth ot eacb year taa receip[s er~deacin~ the p~yment of •11 I~Wl~Ily ~sposed t~se• (or.the prectd~~ c~lead~r ye~r• to ~wdemn~ly the 31art~~~ee ~pon his drmsnd Ior all ta~ta, ssses~men~s aed cA~rses Uut msy ba •ssesscd upoo th~s mo~t~a{e oa J+e•indestedness a~- cured Aerebr, aod pa~d br tke ~wrt~a~ee, viUout re~srd to ~ay I~r 6erstotare eaacted ot here~fter to be eoacted impos~a~ aayment of ~ha ~rhole w aay tin the~eot upoa tbe Nortsa~ec. (dl To pay all and s~n{uiu the costs, char~es and eapenses. includ~oj laryers' fees and abauact co~ta reasonably ~ncwred ar p~~d at sny time by tAe Alort~s~ee because ot the f~~lure an the patt of tAe Mort~a~or to peetorm, camply ~ith and abide by each and every the supulatioes, ajreements, cood~tions and corenants of said prowissory note and th~s deed, or e~ther, and every such'payment-sha1l bear ~niereae fraa daee ac tAe rase of ten /10'i) per cenium per annwn. (e) tt is turthe~ coren~nted aud a~reed by aaid partres that ~n tAt erent o( s suit bemj ~nsutuied to fo~eclose tAis mort~ase, the Nor~- p~ee shall be entitled to aPply ~t ~er tise pendia~ sucA (oteclosure suit to t6e coutt A~riry j~risdiction tAereo/ fo~ the ~ppo~ntsent o! ~ receiver of ~11 and sin~ulu the aort~a~ed proyerty. ~nd o( ~11 reets, iseomes. profita, i~s~es snd revenues thcrcot, fro~ w~h~tsoever source Qerirtd: and ihererooa it is hereby espesslr coveoaoted •nd ~{reed thst the Cou~t swall [orth~~tA appo~nt such receiver .~tl+ tAt aswl po~ers and dnues ot reeeivets iR likt c~ses; ~ad •aid aPpointeent sssll bt made 6y tAe court ~s ~ matter o( strlct r~aAt to the Mort~~~ee~ and .ithwt referer+ce fo the ~deqn~cy w~a~de~~cr of the v~lre o/ the ptopertr Atrebr uortqstd. or ~o !Ae solreecy or insolreecy ot the Mory~ipr~ pr any oLLfet wrty de(end~nt io ~ucA suit. Ths Ma~t~a~o~ hereby sptc~f~c~lly tiaires tAe ~~~At ~o o~~ec~ to tht ap~oistaeot o( a receivtr ~s aforesaid snd hereby etp~eaily conseats th~t such ¦ppo~nunent sha11 be made •s an adm~tted equ~ty ~nd ~s a matter of ~bsolute n~ht to th~ Mort~~~ee and th~t tM a~me eaay be done rith~t notice to thc ~lorti~ta- tf) Jf forecto:ure ptoceedio~s should be inst~tuted •~ain~t tDt poperty corered by t61s mort~=e upoa any other lie~ or c1~~m Whether aflt{ed to be superia at juniot to the hen ot this sat~~~e, the t~loct~atee ~y •t Ais optson ~n~aedutcly upun mstrtuhon ot such su~~ a dur~n~ the pendency tAereo( declare ~h~s ewr[~aae ~nd tAe indebtedness secured AerebY due ~nd p~yabte fottF~w~th ~nd may ai opt~on procced to forecloae tAu aortp~e. That tAe Nari~aso~~ri1) ttsp all resl ~nd pcrsonal propertr oo~ or heteafter encumbered by the lun ot th~s mort~a~e ~nsured •s may be reau~red (sws ~isie [o t~nrc by the Abrt~a~ee ~~a~o~t loss Dr lire, r~eris~orm and other h~t~rds. caswlues and contmseocus for such oenods and for not leis thaa necA asounts sa say bs reau~red br Ne IMor~p~ee and to p~Y ~o~lptlr ri~ee d~e all prem~ums for s+uA ~ruwanct. TAt iwounta of insrrince requ~ted A~ We Morts~iee sAdl be the ra~e~mum amoua~s for rh~cA s~~d ~nsur~nce shall be rntten •nd it shall be If1CY41btR1 Yp011 UIC MOtt~~{Of l0 Olalfll~l0 such sdd~uon~l ~nsur~ace aa a~~y be necessatY ~o a~eet ~nd canply fully ruh + all co-i~uarance require~ents cont~ued ie sa~d policiea to tbe tod ekat ths ssid Nortq~or is eoe a ca~nsura ~herew?dcr.lnsurance F sAall be rrt~tten bY ~ coi~p~ny or coapanies ~pptored a desi~a~ted by the A{orts~~ee •nd all poi~c~es and reaewals ehereot shall ~e AcfJ by ehe Alat~~~ee. A1l deta~led desi~nat~ms by tAc Mon{~~or rAuh are ~ccepted py tAe Mort~~see ~nd all a~reeiaents betreen I~/wt~a~or and Mart{a~ee rel~~~ns to ~naYr~ncs. sow et~stias or hereafter nude, shall be in srr~tins rnd sAall be • part ot th~s marts~~e a~reemen~ ~a frlly tAou/h se1 (a~h ~erb~u~ here~n ~nd ahall ~overn both ~~hes Ae~eto ~nd the~r snccessws aad ass~~ns. No lien upon any of s~~d policies of insur~nce rx upon •nr re(und or return premi~ra vh~cb uNy be paYablt on the e~ntell~t~o~ a tetaUn~uon thereof, ~Aa1i tre ~~ren to uther rbin ~Ae ?1ory~see. e:cepi by proper endwseeent ~ff~aed to ~~cA poliey ~nd aP~toved by Matia~ee. FacA pol~cy of ~nsw~nce shall Mve •(t~aed ihereto ~ St~ndad Ne• Yat Mort~~see Cl~we vr~thoYt Cafv~A~uon, puk~a~ •II loss or losses uader ,uch policr ~r~blc to thc lNartp~ec •s ~ts inuresc eur apa~r. lo Ns er~nt ~ny sue w swas of mooeY ~~cose p~yaplc chs~eunder che ~lort- ~i~ee ib~ll A~ve the optiaes to rece~re and ~pply tbe s~~t af ~ctount ot ~Ae ~qde0ttdosaa hereby secwed. or to perm~t tAe Nort`sFot to rtcei~e ePd we ~t. a•ny p~rt thereof, ruhout tAerser ~~ivms a ewo~~ri~~ ~~i~~: tien. a n~At uedcr and Ay v~rtue of tAi. aat a e. tn evcnl :sf Iws w ! ~ ~ p+~ra~c.l d•m.~e to tAe ieort~a~ed property the Mwt~~~o? sAsll ~~ve iureed?ate aotue thereof bY ~a~l e~, the Mor~~s~te aruf th~ 11Mt~a`: ~ may makt proof iif t~~s ~f ~Ae same ic not made promp~ly ~y tAt ~crtE~`a; In e~ent o( lure~ I~•wrc ~ _ ~ aoar~~ ~ ~ ~ s. _ _ ~ _ : . k~