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Home My WebLink About1385 \ .f ~ • l • - ~ PROVIDEn, ALWAYS, that if the Mo~t`a~or shall pay unto the Moct~a~ec thc indebtedness evidenced by a canain pcomissory note of which the fallawio~ in words and fi~ures is a true copy tawit: - ...r, _ ~ / ~t ? ~ ~ 1 ~ 97J ~ 00 ~+~~~1f~I- _ / _ - Aliami, Florida AU$USt 28 • 71 ~ ` i ~uti v:~l.~~t~: RE.cr:I~~F:~~ ~ We, ~ointly and severally _~am~~ c~ ~?~y t th~ urJ~r u(IyQ$,~Y_ ROSS AND ZELQ~BQ~~_; HIS W~E lhr priucipal.um ~(QTLG~ThQ113~111(_1~i11P 1~ ~ ~~Q~' " ~ ~~ven F gn r RS, togcthe~ with inte~rr~ th~~~r~~n ~~um d~te at thr ~~te uI trn percent, pe~ annum until maturity, 6oth principal and interost being payable in law[ul monc~ uf tl~~~ t~nited ~ta1r~ at '~'.3~i•t Bi.cayne Ql~d., A1iami, Florida, o~ at such other place as the holders he~eof may deaignate in writinK. ' 1'rincipal and interrct payabl! in inrtallments as fulloMS: Forty Five ($45.00) Dollars per monrh, beginning on the 15th day of October, 1971, and continuing on the 15th day of each and every month thereafter un~il--paid in full. Th~s note may~ be prepaid in xhole or in pa~t after one year [tom the date heteot upon payment o! a penalty equivalent a~~ f~re petccnt of the principal sun? prepaid. F~ch in~tallm~nl payment :hall be c~editrd (irst on the intercst due, and the remaindet on principal; and intere~t shall thrrr- ~ upon rrasr upun thr principal .o crrdited. { The make~ and rndo~ec. uf thi• not~ iurther agree to waive dema~d, notice of noo•payment and protest, and in the event suit ~ ~l~rll b~ brvught fur tl~c collectiun hereof, or the same hu to be collected upon demand o[ an attomey, to pay te~sonable attorney'a ± ~rr. lur ~naking auch cullection. U~fened payment• hereunder shal) bear interest at the nte of ten percent per annum-~rom maturity untit paid. 7'his note is securcd by a mortgage~o( even date herewith and is to be construed and enfoc~ced according to the la~rs of the ~~tatr ot Fltxidr upon drfsult in th~ payment of principal and/or interest when due, the whole sum oE principal and intereat ~ ~ r.~maining unpaid chall, at the option of the holders, become immediately due and payable. ' • - s I _1 l f~:"r~ ~ ~ - ~ (SEAL) ~ : S ~ , ~~I~-~--,r1 • ~--_...,Z'-~~.r-~.~~; (SEAL) ~s Prepared by ~pKler & Tendrich. Attomeya - 2240 Biseayne BI•d., Miami, Flonda ! i and ahall perform, comply w~th and abide by each artd every the stipulations, agreements. conditions and cove- nants of said promissoty note and of this deed, then ihis deed and the estate thereby cteated shall cease and be ~ul! and void. 1. The Mo[tgagor hereby covenants and agrees: la) To pay alt and s~n~ular the pr~nc~pal and interest and other sums oi money payable by v~rlue of sa~d promissory note and th~s deed, w eitAer, pron?ptly oe~ the days respectively the same severally becomes due. (l+) To perm~t, comm~~ or sutter no raste a~d to ma~ntam the ?mprovements at all hmes in a sta~e ot ~ood repa~r and condu~on, ~nd to du a pe~m~t to be da+e to sa~d premues not~in~ that w~ll alter or chsn~e tlie use and chuacter ot said property or in any ~ay ~mpair a reaten the aecunty of this mortpse. And in case ot the rcfusal, neslect or in~bility ot t1?e I~lort~~~or to repair and sainta~n said proper- ty, the IAort~a~ee may, at Ris opt~on, make such repa~rs or esuae the same to be made, and ~dvance aoneys in that behalf. lc) To pay all and ~~niulu the ta~es, •ssessments, le~•~ea, liabitities; and obli~auoas of every eature on said descnbed property each and evety ~Aen due snd paY~ble sccad~ns to la~. before they become delinquc..t, and to detiver to the Alort~a~ee m or before Match lSth of e~cA year ta¦ receipts eridencin~ tAt payment of all la~fully imposed t~:es tor tht preeedin~ calendat ye~r; to indemsity ~ht ~{at~i{ee rpon Ais demand for all taces, ~ssessments and c6~r~es that mar be assessed upoe this a?ort~~~e on the indebtedsess s•- cueed hereDy, and ~+aid by the mortsa~ee, ~•~thout resard to any law herctofore rnacied or hereaftu to be enarted impos?ns paymenl ot the vhole or ~ny ..aA thereof upan the Mon~a~ee. (d) To pay all ard sin~ular the costs, char~es and expenses, includ~n~ larryers' (ees •nd abstract costs reasonablr incurced cu paid at any ~~rne by the Mor~~a~ee because o( the t~~lure on the p~rt o( the 111ort`a{or to petform, canpfy v~th and abide by eacA •nd every the at~pulauons, a~rcements, condihons and covenants of sa~d promessory note and this deed, or e~ther, and every such~paYment shsll bear ~ mterest tran date st the r~te of ten UO'G) per centum per annum, • (e) It is furthe~ coren~eted ~nd a~reed by sa~d part~es that in the erent ot a euit Sein~ inatituted ~o foreclose th~s moct~a~e, tAe Mort- i ~a~ee shall be enUUed to apply at ~ny time pendms suc6 foreclosure suit to the cou~t havina jurisdicHon thereot fa the appo~ntmen~ ! o( a cece~ver o/ all and sinsulsr ~he mortsased property, and of ~11 rents, ~ncomes, prohts, issues and revenuts tAereof, froo vhatsoever source derived; and thereupon rt is hereby e:pressly eovenamed and a~reed th~t tAt Court sAsll totthritA ~ppo~et sucA rece~~er t~th f tAe uswl po~rers and dutus of rece~vers ~n like cases; and ss~d aOpaintaent shaf) be made ~y tAe cour! as a mattet of strict njht to the Mortjisee, and W~thout re(erence to the adequacy «~nadeQuacy of [he value of tbe property hereby ~oortia~ed, or to the solvency or insolvency ot the Matp~ots or any other psrty defendant to such su~t. The Mortp~or Aereby spec~hcallY waives thc ri~ht to ob~ect eo the appo~nteoeo~ of a receiver as afaresa~d and hereby eapresely cansents lbat sucb appantment sAsl) be m~de as an adautted equ~ty and as a nutter o( ~bsolute r~~ht to the Nott~~~et and that the same may be done ~v~thout notite to the Alort~a~ar. (f) I( torcclosure proceedin~a should be inaututed apinst the property covered by eh~a mortp~e upon any other I~ee ot cl~~m whethtr alle~ed to be yupenor or ~un~or to the I~en of th~s mat~a~e, the Mortss~ee msy at his optioo ~mmed~ately upon ~nstitut~on of sucA su~t a durm~ tAe pendency thereof declare th~s mort~~jt and the mdebtedness secured hereby due and psya~le twth~r~th and may at ~ts opUOO proceed to taecloae Wis m«~~a~e. 1~) Thit the 1Nortsa~a ~~11 teep all real •nd person~l property nov a hereafter encumbered by the fien ot tA~s mort~s~e ~nsured as may be required troen ume to pme by tlie Mort~a~ee sp~nst loss by fire, wendstarm and other A~zards, c~swlues and c~x+un~encies !or sucR i per~ods and fa no~ less tAan auch amoums as may be requ~red by the Alort~~~ee and to pay proeiptly when due all prem~ums for such ~nsurance. The amoune~ ot inaurance requ?red by the ~tortja~ee shall be the mm~mum amounts tor vh~ch sa~d ~nsurance shall be rr~~ten and ~t sh~il be mcumbent upon the Mort~asor to mamta~n auch add~t~on~l ~nsnnnct as ro~y be necessary to meet ind comply (ully rith all co~~nautanee requ~reieents contsined in sa~d pol~cua to the tod tAat the sa~d Mo~tpta ~s no~ a co-~nsuror thercunder,Insurance shall be rnuen by ~ company or compan~e~e •pproved w des~~n~ted by the Mort~atee and sll pol~c~ea ~nd rene~rals thereof sAalt be hcld ~ ~Y d+e M«t~s~ec. Atl deta~led des~~natea+s ay the Mort~~~ot rhech art accept~d by tAe A~otta~fte •nd all ~reements Detretn Morlj~~or i and Mort~a~ee rttatm~ to msw~nce, now eauUn~ or heru(cer made, ah~ll be m rrnhn~ and shall be a part o! thu mat~a{e ajreemeni i as tully •s thou~h set fath verbaum here~n and sh~ll ~orern both part~es hereto •nd theu successors ~nd ass~~ns. No hen upon rny nt s~id pohe~es o! ensnrance or upon any refund o? rewrn premium rhich mRy be pay~Dle on tAe c~ncellat?on or termiMtion thereof~ a~all be ~~ven to othtr than the Alortsa~ee, except by proper endmsement affiaed to such pol~cy and approved by Alortp~te. Fach pal~c~ o(,~ insursnce shall have a(tiaed ~hereto ~ Stamlud Ne+ Yort Mort~s~ee Ctause r~thout ConcnAuc~on, mat~n~ •11 loss or loase~ under .uch ~ pol~ty payable to the lMwtjasee •a ita imerest may appear. In the event ~ny sum or sun?s ot money become payable thereunder thc ~brt- ~s~ee sh~ll Aare 1he opt~on to rece~re •nd ¦pply the s~me on aecount ot thc ~ndebtedness hereby secured, qr to perm~t tAe ~IortEapor 1o rsce~re and use it, a•ny par~ lhereof. Mithout thereby aai~m~ ar rmp~uins any e~u~tY. I~eA, a n~ht under and by v~r[ue ot tA~, awrt~a~e. In evtnt ot loss or pAys~cal d~mast to the mwt~a~ed propeny the Mwt~a~or sAsll ~ire ~mmedute not~cc thercof b> ma+l t~~ s Ihe Mortp~ee and the µor~p~ee may make proo( o( loss thc s~me ~a not made pranptly by the Mat~a~a. In t~cm o( tore.f~~+ure of ri~ ~ ' . "~.~-..aa. " ~ ~ ~r : ~ _ ;s-~.~i~