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Home My WebLink About1382 . . ~ ' ~ ~3 :~3 PRUVIDEn. ALWAYS. that ii the !11or~sa~o~ shall pay u~to the Mortsa~ee the i~debtedness eviJenc~d by a , certa~n promisaory note of which ths followinj in words and fi~utet is ~ uue copy taw•it: . . , ~ ~4~C~~$~ I~~ : ~ 3 350.00 ~ Miami, Flotida AuguS t 26 ~ lq 71 ~ d~ FOR VAL . I UF RECEIVED promue to pay to the ocder o[ LE4+1I S I. CONEN AND ROSE COHCN NI S WIFE the p~inci~a) sum o[ ree ousan Three Hun re F ty an No 1 LLqRS, together with inierest thereon [mm date at the rate of ten petcent, per annum until maturity, both principal and intc~est being payable in lawful money ~ the United States at 2244 Bucayne Blvd,, Miami, Florida, or at such other place as ihe holdas hereof may designate in writin Principal and interest payable in instailmcnts as follows: Seventy Five ($75.00) Dollars per month, beginning on the 15th day of October, I971, and continuing on the 15th day of each and every month thereafter until paid in full. This note may be prepaid in whole or in part after one year from the date hereof u on a ~ to five percent of the principal sum prepaid. P P Yment of a penalty equivalent ; Each installment payment shall bt credited fi~t on the interest due, and the remainder on principal; and inten~t shal) there- upon cease upon the principal so credited. The makecs and endoraers of this note [urther ar,aree to wai~e demand, notice of non-payment and protest, and in the event suit shalt be bcought for the collection hereof, or the same has to be coltected upon demand oE an attorney, to pay reasonabie attorney's ee~ for making such collection. - Deferred payments hereunder shall bear interest at the rate of ten percent per annum Irom matu~ty until paid. This note is secured by a mortgage of even date herewith and is Lo be construed and enforced according to the lavrs of t e ~tate of F'lorida; upon de[ault in the payment of principal ane~/oc interest when due, the whole sum of pr~ncipai and inte t remaining unpaid shall, at the option of the holders, become immediately due and payable. ~ ~ Y ' - l~~ ~ ~ ~ (SEAL) / ` SE. ) Preµued by Spieler & Trndrich, Attomeys - 22~10 Biscayne Blvd., !1liami, Flotida ( 4L and shall perfcxm, comply w~th and abide by each and evety the stipulations. a`reements. conditions and cove- na~ts uf said pmmissory note and of this deed, then this deed and the estato thereby created shall cease and be nuil and void. 1. The hlortgagor hereby covenants and agrees: ~ (a) To par all and ~~ngular the pr~napal and interes~ and other sums of money payabie by v;rtue of ssid promitsay nole a~d th~s deed, w e~ther, promptly on the days respecuvcly the same sever~ll~r becoaes due. Ib1 To perm~t, ramm~t ~ suffer no vraste and to mamtsin the ~mproremeats at all times in a st~te of ~ood tepa~r and conditioo. and to do « pene~t to be doe~e tu ca~d prem~ses nothm~ that vrill alter or ch~n~e tht we and cAancter of sa~d ptoper~y or ~n sny ray ~mpair or veakcn Me aecqrity i+f th~s oortaaae. And m ease of the tefusal. n~~lec! or inability d d~e Idort~asa w repav ~nd maiewa said,proper- ~ ~y, ~he ?lartp~ee m~y, at his opt~oo, make sucA repa~rs o~ cause the same to be sads, artd adv~nee moee~s in that Ee6~if, ~ (c1 To pay sll and s~t~ular the laxcs, assess~ents, lev~es, Ii~b~lities, and obli~at~oas ot erery natute oe asid desctibed property each and evetr ~hcn due and payable accad~e~ to la~r. before they becaws deliawcnt, aad to detiver to tke (ilott~a~tt on or befwe LlarcA ISth of e~ch year ha receipts evedenc~a~ tht paY~ent ot aU lav(ully ~mposed taae3 tor tl~e prtcedi~ talendar year, to indemnify the Mort~a~ee upun A~c demand (or all taies, asses~ments and charses tbst may be ~ssc~sed ~pon this mott~~~e on t4e indebtednea~ cured hereby, and pa~d dy the aort6a~ee, rithout~ts~ard to ~ar lar heretofae macted or Atteatier to be ewac~ed ~mpos~ns ~yieent oi che r hole or sny ~an thereof upon the AMrtsa~et. IQ~ 7o pay all ~nd ~~naular the cocts, char~es and e~peoses, ~nelud~ns lavyers' fees snd apatraet costa reasonably ~ncurred ex pa~d at any ume hy thc \t«tsasee because of ~he (a~lure on the part of the Mortpsor to pertorm. co4ply ~r~th and ab~de by each and eve~> •he s~ipulauons, a~reements, condu~oes and corenants of saFd proa~usay note and th?s deed. or atAer, aad every such~paymeni shatt nrar inte~est from date a~ the rate of ten UOS) per centum per annum. lc) It ~s (urther coven~nted ~nd a~eed by s~~d parhes that in the erent ot a sait be~n~ ~nstituted to toreclnse th~s rr.~wt~r~e, the ~I~x~_ 6a~ee shall bt entitled to apply •t any time pendie~ ~uch foreclosure s~it to the eourt Aarios jurisdict~oo thereo! (a the appo~ntoienr al a r~ce~rer of a!1 and ~iajulsr d+e aortsaitd property, and o( ~11 rents. iocoaes, pto(its, issues and rertnues thercot, from w•hauoe.er suurce denved: and thereupon it ~s hereby eapressly covea~nted and a~teed tAat the Court sAal! forthr~th ~ppoint sucA rece~vcr ~ uh the usua{ powcrs and duues of receirers m I~ke uses; and sa~d appo~ntment shall be made by the cou?t as a a~atter of strict naht to the Mortsaiee, and r~thiwt re(erence to the sdequacy or inadequacy of the ralue of the property hereby mwt~a~ed, or to Uc sol.en.y a~nsolrency of the Mort~a~ors or any other party defemiant to sutA suit. TAe Mott{a{a Sereby spectt~cally raives the n~h~ to ob~ec~ ~o the appo~ntment of a rece~ver as aforest~d and hereby eapressly croseata ~Aat s~etA appointmeet shsll be made ~s an sdm~tted equ~~~ and as a matter of abcolute n~l?t to the Mortp~ee ~nd that the sawe py Ae doae v~thout eolict to tAe tilott~a~pt. (fl If forecloswe pror.eedin~s should be inslituted a~~iest the property covered by this mortp~e upon any other lien or cl~~m Mhether •Ile~ed M De supenor or ~untot to the litn M this eortsa~e~ the Morta~~ee yy •t Y~s opuq? iooeduuly upon ~nsUtut~on of sucA su~t a dur~ns cAe pendency thereof deciare this mo~t~ase and tAe i~dtbtedness sec~red haebr due aed pay~ble tatAr~t~ and may at ~t. opUOn proceed to foreclose U~s aart~a~e. Th~t U~e Mart~a~or v~ll keep all real and person~l property no~r a hereaftcr encua~beted by ~he I~en of this mort~a~e ~nsured ss may ~ t~a~ued from ua~e to ti~ae by the 111ortsa{ee apmst loss by fite, r~ndstas~ and otAer Au~rds, c~swlt~es and contm~enues fur sucA per~ods end ia na less Mae srcA a~n~a aa oay be rsqYi~ed by the ?brt~ec and to pay promptly rhee due atl pem~ums f« such MlYf~Rt6. Thl~~~fOY11li O~ IO~1lfatlt! flaY~(N br t11~ MOfts~jCt fYill bt tAt 1~101~{Im iIOWOti (or ~hich s~~d ~esurance shall be +~r~uee and i~ sh~ll be u~cue~ben~ upoe [he Glort~a~or to ~amtain such add~t~an~l insurance as ae~y br necessary to mee~ and complY ~ully +~th all co-inswanee reqv~rements ca?ta~aed ie s~~d polie~ea to the e~d tAat the s~~d Mort~a~a ~s not s cainswa thereunder.tnsurance ~ sAall bc w~~~tten by a casp~nr or caspaaies ~pp~ovtd o~ des~~aated by the Mort~a{ee ~nd all pol~c~es and rene~~ls tAereof aAall Ae AtIJ bY the Matsa~ee. Atl deta~led deai~at~ons by t1~e Mwt~~~or rhith a?e actepted by N~e Alwtjajee and all a{tecmeqts Sel~een Mottts~or and Mat~~~ee rel~~ln~ to iasur~nce, nov eaistm~ or Aerufter e~sde, ahall be ia ~rr~t~n~ aad sA~ll se a pu~ of ~Ais mortNte a~reemeni as (ully as thou~h set torth verb~t~m Aereia aad sha11 ~orern both patties hereto aad tbeir successors ~ad ~ss~sns. No I~en upon any uf ssid pot~ciea of insurance or ~pon anr re(und w«turn peisiua rhich say be p~Y~ble on tAe c~acell~t?on or terminauon thcreof, shall be ~~ven ~o otAer than the Matsa~ee~ eacept by poper endorsessat at(ised b sucA policy and ~Pptoved ey 41at{~~ee. Each pol~cy of ~naur~nce sh~ll havc •(fiatd tAereto ~ St~nd~rd Ner Yatk ~wt~~~ee C1~ttst riWoe~ ConuiAuNon, makin~ al) bss w losses unde? .uch policr parable 1o tAt Morlpsee ss ~ts ~ntcrest qay ape~t. le lAt s~sat asy sw~ ot ~w~s ot money Secore arable ~hercunder the Slort. p~ee shsll have the opt~on to receire snd •pply the sanro alLaccount of the ialestedness hereby secured, o~ to permit t~e ~1wt~aEor ~o rcce~ve and uae u, a~ny p~rt thereof. wr~thout thereAy vraivin~ or ip~irirti any eqYity~,J+ .qi~l~er ~ed by vutue a[ th„ wortj~je. Ie event of loss or physical dama~e to the mat~~~ed prooetty the Mortp~or sh~ll•w~ iwiw~ Nellouce thercot by mail e.~ ~he Mwtsa~te a~d the Mort~a~te may make proo( ot loss d the same ~s eot made t ~ht Alort~s{a. In even~ of fore~t~~urc o( + 8~ 195 _ _ . _ _ _ - - '3%:~"°