The URL can be used to link to this page

Home My WebLink About1932 ~ ~ s . - PROVIDEn, ALWAYS, that if the Mort~a~ot shall pay unto the Mott~a~ee the indebtedness rviJenced by a certaio promissory note of which the fallowin~ in wo[ds and fi~ute• is a uue copy tawit: - ~aHN~~R~C s---- 1575.00 _ ~~i.m~, ~Io~~d. September 2, l9 , 71 fl1R VALIlF RECEII~~U We, jointl~r and severally p~o~,;,~ psy t~~ th~ u~der u! NAT FRIEDMAN AND~~.3~E FR EDMAN HIS WIFE _ th~• p~incipsl wm u~ _~1e TF10US- aII~ Ve tlCt r~ eventy Y@ 8I2 ppi. ARS, together with interr~t ihrrr~n~wm date at the nte of trn perce~t. per annum until matuaty. both principai and intereat being payadle in lawfu) money uf tl~r l;ni d>tate:~ at 2°.~t Bi.•cay~r Bivd., itiiami, Fbrida, or at such other place u the holdea htreof may daignate in writing. Nrincipa~and intercst payable i~ installments as followa: Forty ($40.00) Dollars per month, beginning on the 15th day of November, 1971, 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 upon payment o[ a penalty equivalent cu five percent of the principal sum prepaid. Each installment paymeot .hatl be crcdited Cnt on the interest due, snd the remainder on p~incipal; and i~terest ahall thrrr- upon ceasr upun thr principal so credited. The make~s and rndorser~ of thu note (urther agree to waive demtnd, notice oi non-pa~r ment and protest, and in the event s' -i~al1 b~ brought tor the collect;on hereo[, or th~ same has to be coltected upo~ demand oE an attorney, to pay ~+eaaonable attorneY frr. fur making such collection. . U~t~rred payments herrunder shal! bear interest at the rate oi ten pereent per annum from maturity until paid. 7'his note is securcd by a mortgage~of even date herewith and is to be conatrued and enfoeced according to the laws oi the - tat~ of Florida; upon drfault in thepa yment of principal aadlor inteteat when due, the Mrhole ~um ot pnncipal and interest mainin6 unpaid ~hatl, at the option of the holders, become immediatel due and payable. . ' • j , ~ ~ ESEAL) - C~ t~-~ ~Zti~~~ ~SEAL~. Preparod by Spieier d Tendrieh, AttwneYs - 2240 8iscayne 81rd., Miami, F'da and shalt perform, comply w~~th and abide by each and every the stipulations. agreements. conditions and cove- nants ot said prmnissory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. 1. Tht Mott~a`or heroby covenants and agrees: , (a1 To pay al! and s~n~ulu the princ~pal aed ~ntetest snd other swa~ o! mooey paysble by virtue o( said praaiasory note s~d th~s ~ deed, or either, pranptly on the days respect~rely the ssme severally becomes due. ~ lb) To permit, caemit o~ sut[er no ~raste and to munta~n the improvements at all tleses in a atate ot sood repair and condition, and to ~ do a peneit to be dme to a~id premises nothiaa that will alter or chan~e the use aed cAaracter of said property or ia any Way ~mpair or reaken the sccur~ty of tAis mon~a~e. Artd ia case ot il~e refus~l, neslect ot in~bility of the Motttator to tepair and etaiata~n s~id proper- ~Y. ~he Mortpsee nay, ~t Ais opt~ae, make s~ch repai~s a c~use the saeae to be~eade. and ~dvaece moneys in that be6~t[. (c) To pay ~11 and s~n~Ylu tAe taaes, assessments, lev~cs. l~ab~Iities. and obli~auoes ot everr wture oo sa~d described property each and every ~hen due and payable accord~e~ to ta~r, before tAey become deliaqnc.,t, and to deliver to the 1lorysaee oa or betore hlarch ISth of eacA rear tsa receipis er~deacins the payment ot all la~fully isposed t~ea ta ebe precedies ealeMlsr reu; w iMeeni(X the Mataa~ee upoe his demaod fer all ta:es, aaseasmsnts awd cA~r~ea tA~t sar be asuased qpoa this mort~a~e on thc iadebtedaess a•• cured hereby, snd ~+aid by- the matsa~ee, vithout rc~ard to any 1~+- Aeretotore eaacted 'a Mereafter to pe en~ated isposin~ p~yment of the ~hole or wY ~srt tAereo( upoA tAe l~ort~a~ea (d) To p~y all aad s~n~ul~r the cos.ts. char~es and cxpenscs, ieclud~n~ la~yers' fees ~nd ~bstr~ct costs teaaa+abty iecaned nr pa~d at any ~ieae by the Mo~t~s~ee because of the failurt on the part ot the Mort~asor to perfotm~ compty rith •od abide by e~cA and evety We stiputat~ons, a~reements, conditiona aod corenants of said promissaty note ~rW this deed, ot e~ther, and every s~ch'paymeot shalt bear ~ntereat [rom date at Ne r~tc ot ten lI0'f.) per centwe per annum. . (e) It is turtbet coven~nted u~d aueed by said p~rt~es that ta the erent o( a suit beina inatitWSd to faecloae this m«ca~~e, the Murt- ! p{ee sAall be ent~tled to apply at any time pendin~ sucA forectoaure suit to the court harie~ jurisdittim tl~ereW for tht sppolatsent o! ~ recei~er o/ all i~ld liAsYIR the mort~a~ed property, an6 of all rents, incoaei. protita. issusa ~nd revenuea thercot~ froo ~h~tsoever source derived: and tAereupw~ ~t is l~ereby eapressly eoveasnted aM ~~reed tAat the Corrt sball fathr~tA appoiat such rece~ver r~[h tAe uswl po~ers ae~d dut~es of receivers ~n iike cases; •nd sa~d •ppointment shal! ot oyde by tbe court u a s~tter of strict ti~At to the 61ort~~~ee, and .~tsout re(erence to the adeqwcy or inadequ~cy o[ the r~lre ot tke property hereb~ sart~~~ed, or to the sotvsecy or ~nsol~ency ot tht lNortsa~as or any othet party defeeWant to such ~uit. The INat~~sor htreby sp'cJ~cally ~?aires tAe ri~At to ob~ect to tl~e •ppo~etmeot o/ a rece~rer as •toresaid and hereby tapesaly consenta tA~t sncA appo~ntoent shall be o~ade ~s ~n adm~tted eQuity •ed ~s a ieatter of ~bsolute ri~!?t to thc ~Iartp~ee and tha~ the sa~ee auy be dooe w~thout notice to the Mort~a~a. (f) If to~eclosme proceed~pp should be ~nst~luted a~ainst the property covered by W~s eartp~e upoa any other hen or cl~~m wfiether ~ alle~ed io be super~or a junior to the I~en ot this mort~sse, the M«~aa~ee mar at his optiop iasedi~tety upon ~estituhoa ot sucA su~t a dunns tbe pendeacy tbtreof declare th~a mortsise snd the indebtednesa sec~red Aeteby due and p~Y~ble (orth~r~th snd msy st ~ta option procted to foreclwe t6~s mortq~e. (sl TAst We Alortp~or ~rill kcep all rest and persoe~l propertr nor or hereaftC~ e~cumbe~cd by the lien of th~s mat~a~e ~nsured a~ may be required froa t~s~e to tise Dy the Mott~~~te ~~ainst Ioss by fire, w•~ndstotm and othet hszrrds, caswltiea and conunsenc~es tor spch per~ods •ud ~ar not leaa tAaa sYCh amounts ~s auy be reQu~red by tAe Mortp{ee •nd !o pay pranptlr When due ~11 peauums fa sucA iqsurance. The •mounts o( ioa~u~nce reQuired by the 1Aortas~ee sh~ll be tAt min~eeus amounts [ot vhich sa:d ~nswance shall be ~ritten aad ~t sA~ll Ae IMUfbCAt Yp0l1 tht IMort~~~or to euiot~in such adQ~e~onal insarance aa a?aY Se necess~ry to a~set ind comply tu11r ,r~th dl co-~iuurance requireseeta cowta~aed ~n s~id ool~cies to {6e e~d 1lat tAe e~id !r{orts~sor ~s aot s co-tasuror lAereunder.lnsYt~nce sAal) bt'wntten by ~ caapaay ot too~p~oiei ~OQtored a'desi~n~ted bp thc Ma1sa{ee ~nd ifl policies •nd reperals tAe~eof sAali Ae Attd ey eht Alorepsee. AN deta~led deaisnat~ons by tbe Malsasot rhicA ue iccepted br the Mortaasle ~nd all asreeseats bet.een hlwtsa~or ~od Mart~atee rel~~~n~ to insurance. nmr eaistin~ or herea(te~ made. ah~ll be in rr~tiaa awd sA~11 ~e ~ p~rt of this mortNie s~reement ~s futlr as thou~A set forth re~b~t~m Aerein and shaN ~o+ern both part~es hertto ~nd tAtir succeasors aad ~ss~~ns, No lten-upon aay o/ sild pol~ues o( msurance. w upon snr rcfunA or rowm prem~wn vhicA m~y be wy~ble on tAe csacellation or ter~~n~t~qa ~Aereof, s~aU be ~~ven to other tA~n tbe Mort~~~ee, eacept by proper endorsen~ent ~ffised to srcA pol~cy and ~pproved Ar t~lort~s~te. Eac4 policy ot msur~aee shalt hsre a(fiaed there~o a Standud Rew Yort itw~~s~ee Ctsuse rrlNout Coatnbuuon, m~kin~ sll lo~a or lossca undu sucA p~icy p~y~ble to tAe Mortpsee as ?ts ~oterest nuy appe~r. In the eveat ~ny suo a awu of a~oney pecoat Osy~ble therew~der tAe ~Iort- ~a~et sha~ Aart tAe opt~ot~ to rece~ve and apply tAe samt on acCOrnt o( tht ~ndsbtsdness Aereby ~scu~ed, a to perm~t the N~t~a~or to reu~ve and we it. or sny part therco(, ~r~tho~t tAereby ~raivins d impairin~ aey eQuhY. lien, w nsht under snd br v~rtue ot eAi~ Aat~~~e. la eveet o( los~ or phys~cal dam~~c to tAe eeort~a{ed property tAe Mott~a{o~ :a`~~ a~~~ ~ed~~te nouce thereof by rra~l t~~ Ne Morts~~ec snd tAe A1orl~a~ee nuy euke prool of loss ~t the ~ame ~s not cf~ade p~ompUy by tAe 1Nor~s~sa, ~n ercn~ o! lere~ln.ure of ~ p~i~ ~i~ . .~m~~- ~ <<~=~.. ~ - ~ : ~