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Home My WebLink About2191 PROVIDEII, ALWAYS. that if the Mort~asot eA~ll pay unto the Mott~a~ee the indebtedness evidcnced by a certain promiswty note af whict~ the followin~ in wotds and fi~ures is s true copy tawit: ~4~~ f 9400 - Q~ Nliami. Flocidi M8Y 15 . 19 7I FOR VALUE RECEIVF.D 311.t1 promue to paY ~~~heo~d«ot_MQI~RIS ROTHBART AN] OSEPH NE ROTHBART, is wife, Trustees the principal sum o[ _I~~ne T~lOL1~An~ F~ir 1~1_t~ndrr~~ ~nd NO~ 100 DOI.LARS, to6ethet with intetext thereun (rom date at the nte ot ten percent, pe~ an~um until maturity. both p~ncipal and inteaat bein6 payable i~ law[~I mone~ uf he llnited ~tates ~t '.'.'~~3~t Hi..cayne Blvd., ~liami, Florida, or at ~ach other place as the holden hereof may desianate in writing. tincipal and intere~t payabie in i~?atallments~ as Eollowa: ' One Hundred Fifty ($150.00) Dollars per month, for sixty (60) consecutive months, on the lSth day of each and every month, beginning on the 15th day of July, 1971 and continuing_until the 15th day of July, 1976, at which time the balance shall become due and payable. This note may be prepaid in whole or in put atter one year from the date heteof upon paymant ot a penalty equivalent tu five percent of the principal sum prepaid. Each in~tallment payment shall be credited first on the inteteat due, and the remaindet on principal; and i~terest shdl thrn•- upon rease upw~ the principal ~ credited. The maket~ and endaxr~ of this note further agree to waive demand, notice of non-payment and protest, a~d in the nt suit .lull br brou6ht [or the cdl~ction heroof, or the same haa to be copected upon demand o[ an attorney, to pay reaaonable at~mey'~ fre. [or making auch cdlection. ~kteRed paymen~~ hercunde~ ahall beu interest at the nte of te~ percent per a~~um from maturity until paid. 7'his note is securcd bp a mortgage~oE even date herewith and is w be construed and enforced ~ec«dina to the laws of the ~tat~ of Florids; upon dcfsult in the payment of principal andlor intuest when due, the whole eum of ncipd and 'mterest rrmainin6 unpaid shall, at the option of the holders, become ~mmediatdy due aRd payable. ,~Q~ ~ . (SEAL) ~ •r~ , . ?~,p~`_ ~SEAL) Re bY Spickt ~ Tendrieh. Attamers - Z240 Bi~earne Bl.d.. Miami.~ P~ and shatl perform, comply with and abide by each and every the stipulations, a~teements, conditions and cove- nants of said promissory note.and of this deed. then thia deed and the esute thereby cceated shalt cease and b~ null and void. 1. The Mortsa`or heteby covena~ts and atrees: . (a) To pay alI and sin~utar the pnncipal and intetest and other swns of money p~yable by rittue o( s~id prooissory note and th~a deed, a e~ther, pramptly oa tAe days respectivelr t6e s~me severally becomes due. ; (D) To permit, comsit or sufter no ~aste and to mamtun thc improvaseets at all t~aes in a slate ot ~ood repair end cadit~on, and to do or pemit to be done to ssid pesues notbin~ that vill alter a chan~e t6e use aad chuacter ot s~id property a ia aey +ray impair a i veaken the ucwrty of Wis mortp~e. And ia ease of the retusal, ne~lect or insbilitr ot the Mort~asor to rep~u aad ~uiotam s~id proper- ~ ty, the 1Aortp~ee ~uy, at his opuoe, ~ate aucA rcpairs a c~use [he sase to be ~ade, aed ~d~~~ce ~oaeys ia thst beb~l[. ~ (c) To pay all aad siai~lu the ti:es. ~ssesssents, levies, liab~lities, and obli~atiaai ot everr nature oa s~id described property eacA ~ and every vben due ~ad p~y~Ale ~ccad~a{ to la~r, be(ore they becowe deli~qec.,t. wd to delive~ to tAe Mort~asee on or Aetore March ! ISth of eac6 resr ta: receipts evideacin~ the parmcm of •11 la.fully iwposed ta:ea tor the precedis~ e~lendu rear; to ~Memify the ~ Mat~asee upon his de~u~d tar all tases, assesssenis and cA~rse3 that may pe assessed uPon tbis son~~re oa tAe indeEtedness s•- i cured hereby, and psid by the ~eort~~see, ritAout re~ard to aey la~r 6eretofote en~cted or Aereafter to bf eaacted nePosin~ ~ayment ot ~ tht rAole ot any ~ttt tllEreof Ypon lAe Moct~ajtt. (d) To par ali and s~n~ulu the costa, ch~r~es and eapteaes, includ~n~ la~ryers' fees and abstr~ct costs reasonably incurred e+r paid at sny tnae by We Mat~aset because of the (a~lure oo the part of the Mort~a~or to perfot~, comOly r~th aad ab~de py e~ch aad every the stipulat~ans, a~reements, coad~tions and covertants of said promissay note and tAis deed, a eitbtr, and every sucA'payo~en[ shall bear ~ntereat trom date at the tate o! ten (10'i) per centuo per annum. ' (e) It is ~YfU1tT COYCnaAICO ~11A a~teed by s~id patt~es that in the even~ o( a suit beie~{ iastituted to toreelose tAis wort~ate, tAe Nat- t p~ee sh~tl be eetitlea to aoplr at aay time pendin~ sucb faeelos~re suit to tbe court Aarie~ jurisdictiow tAereof fa We ~ppo~ntsent ~ of a receirer of all aed siesulu the oort~a~ed propettr, and of ~11 repts, ~ncosea. ptotita. issues aud revenues thcreof, fro~ rhatsoerer sonrce derired; aod thereupon it is hereby eapresslr corenanted •nd •~reed tAat tAe Coort sAall tortk~ritA ~ppoist sucA receiver ~r~th the usual po.rers and dutlea ot receivers in i:te cases; and s~~d •pointseat shsll be ~ade br tAe coYrt as ~ autter o( serict n~At ~o ~ tAe Mprt~~see, ~nd ~~ihoYt reterence to tAe adequacy or ~nadequaer of Me •~IYe ot Uit otoperty hetebr ~sort~~~ed, a to tAe aolrency ~ or ~nsol~ency o( the Idottsa{ors a any othtt par~y defeadaet to sucA suit. The Morta~~ot 6ereby spec~tit~ily r~ives tAe n~A~ to ob~ect t0 !AC •~OIOtmCAt p( ~ receiver as afaes~~d and hereby eapressly crosenta tL~1 sucb •pOo~ntsent sh:ll be sade as an ~ds~tted equ~ty ~nd as a s~tter ot absolute ~isht to the 111at{~~ee aad thst the suoe ar be dd~e ntbout notice to ihe Mort~~~w. ~ (f) It fortclosure proceedinp should be instit~tsd a~~io~t t6e ptoperty torered Ar tb~~ sott~a~e upoa any oWer I~en or cl~~m rhetArr ~ alle~ed to be s~penor or ~unior to the hen o( dfis mart~~~e, tAe Mottsa~ee may at his opt~af ~ea~ed~~tely upon instituum o( such swt ~ a dunns We pendencr tAe~eot decl~re tAis mat~~ae and ~he indebtedness secured Aereby due •ed payable (otthr~th aed may at ~~s ~ opNao proceed to faeclo~e ~i~s mortp~e. . . f ~ 'T~at tbe 11atp~or vil) teep all ru) and personal ptpperty oor or heteafter encu~bered by t6e I~tn ot this uorte~~e ~nsured as may i ~ be requ~red froe t~we to ti~e by tAe Mortsajee a~ainst loss by t~re, r~ndstare and otAer h~z~tds, c~swlt~es and contm{eoc~es tor such ~ penods and for not less thae tucA ~mounts as ~ay be ~equired br the Mort~asee and to pay prowptly wAee due all prem~wns f« such ~nsuraece. The ~mouata o( ituursnce required by tAe Mort~ajee s6~11 be the s~n~au~ amounts for vA~cA sa~d ~nsuranct sAall bc rr~tten aad ~t sA~ll b~ ~acu~beat ~oon the Mort~a~a lo ym~a~n sucA add~umal ~osur~ace ~s ~ar be aecessary to s~tet and comply (ullY +~tA ~ all co-~asurance reauveaenta coetsined ia s~id pol~cies to the eod tAat tbe satd Matp~ot is not ~ co-~asuror thereunder.lnsurance ~ sAall be ~r~tten by a coapaay a cosp~a~es approred a des~~nated by the Mort~aaee and all pol~cies aa0 rene~~ls thercof ~A~11 be held br We Mat~s~ee. All det~iled des~~oauoos by t6e Mona~ior +~h~ch ue ~ccepted br the Mort~~~te ~ad all ~reeeeats betreen More~~~a ~ and Mort~yet rel~t~n~ to inawance, nor eaisun~ or Aere~tter made, s6a11 be in rtitie~ and sA~ll be s patt of th~s ieattpit a~reement ~ u tullr as tAou~A set fath verbatun htre~n aud sAall ~torern both p~rties hereto and tbe~r successors and ~ss~{ns. No lien upon any ~,f ~ s~id polic~es of ~nsuranct or upon any retuad or return prem~we +'hich say be wyaEle on the cancell~t~on at tetmina~~oe thereof, sAs11 ~ bt ~iven to otAtr ~h~n tAt Mortq~ee, eacept by proper endorsement a(ti:ed to sucA pol~cy and sPprored by Alor~~~{ee. Each policy o( ~nsuraoce shall h~ve a(tiaed thereto • Standud Ne~ Ywk Mortp{ee Cl~we ~iM~t C~ttiSY~~w+. a~~tin~ all loss or losses under .uah pohcY par~Sle to ~Ae Yottp~ee as ~~s ~nteres~ mar sppe~r. In the evee~ any suw or fw of eoney ~ecoe~e pariAle ~hereunder [Ae ~fo~t- ~~~ee slull hsre tAe opt~m to rece~re •nd •pply t6e s~Ae oa aecount o( tAe ?ndeptedness hereby secured, or to perm~t tAe ~{o~e~•Ror ~ tn.recewe •nd we it, o~ any par~ tAereot, ~itAout tAt~eAy ~~iv~n~ or impunn~ any epu~tY. Gen, ot n~At under and sy v~rwe of tA~. ~ y•t{a~~.7n erent of Iws w pAys~c~l dama{e to tAt mort~a{ed property tAe Mwtp{or aball pr~ ~nraed-,~te no~~ce tAereof b> ~^a~l t~~ .e Mort{a~ee •ed ~he Mori~a~ee msy make proo( ot loss thc same ~s not made promptly by ~he Alata~~a. In c~cnt nf t~xe.I~~.ure .,f ~ ~ UR ~ eo~19~ ~i~ ~ s q~. : : . _ . ~ . _ _ _ _ . . _ _ . r _ _