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Home My WebLink About1935 ~ . PROVIDEn, ALWAYS, that if the Mort~a~or shall pay unto the Mort~agee the indebtedness evidenced by a certain promissory nnte of which the following in words and fi~ures is a true copy to-wit: . _ _ ~4Z~Q~G s 3~ 350. 00 Miami, ~lorid= Augu3t 28 l9 71 FOR VALUE RECEIYED We, ointly and severall promise co pay to t6e order of S ERSHIN AND BELLA GE HIN g~TiTi the p~i~cipal sum o[ d Fift nd No Y.Q~I,LARS, together with interc+t • thereu~ from date at the ate of ten percent, pe~ an~um unti) maturity. both priocipal and inteceat being payable in law[u) moncy u[ tl~~ United State~ at 224~1•Bucayne Blvd.. ~tiami. Florida, or at auch other place as the holders hereof may designatc in wtiting. ~ Principal and intere3t payable in installments as followa: Sixty {$60.00) Dollars per month, for sixty (60) consecutive months, on _ the 15th da;• of each and every month, beginning on the 15th day of October 1971, and continuing until the 15th day of October, 1976, at which time the balance shall become due and payable. This ~ote may be prepaid in whole or in part after one year from the date heceof upon payment of a penalty equivalent tu five percent o[ the principal sum prepaid. fa~ch inataflment payme~t shall be credited first on the ~interest due. and the temainde~ o~ principal; and interest shsll thrrr- upon cease upon the principal so credited. The makers and cndorsera of this note further agree to waive demand, notice of non•payment and proteat, and in the event auit :~i~all be brought for the collcction hercoE. or the same has to be collected upon demand o[ an attorney, to pay reasonable attorn a fre~ for making auch collection. flete~red payments hereunder shall bear interest at the rate of ten petcent per annum irom m~turity until ~aid. 7~is note is secured by a mortgage~of even date herewith and is to be construed and enfocced accordmg to the laws ot e- ~tate ot Florida; upon default in the payment of principd andlor intuat when due, the wbde eum of principal and intereat ermaining unpaid ahall, at the option of the holders, become immediately due and payable. -(r GI ~ 1 (SEAL) s ^ ~ - J '(SEAL) Prep+red by Spxfer dc Teodrich, A~eome~rs - 2240 Bi.uyne BI•d., Mia~oi. F - C._ 1 and shall perform, comply w~th and abide b~• each and every the stipulations, agreements, conditions and cove- nants of said promissory note and of this deed, then this deed and the estat~ thereby crealed shall cease and be null and void. 1. The Mortgagor hereby covenants and agrees: (a) To paY aed sm~ular the pr~ncip:l and mterest and otAtr suma of monep payable by vutue of sud pran~ssory note and this detd, or either, promptly on the days respecuvcly the same severally txcomes due_ ~ (b) To permit, commit or sutfer ne Wastc aad ~o ma~n~a~n ~he ~mprovements at aU t~mes m a state o( soud tepa~r snd cond~tioo, and to ' do or permit to be done to s~id prem~ses notA~ns that rr~ll alter or chan~e the use and character of said property or ~o any rray imp~ir ot ' # ~ xeaken the secunty o! tAis rm?rt~~~e. And in case of the refusal, ne~lect or inabil~ty of the Mort~asor to repair and a~intaia said proper- ~ ty, the Mort~s~ee may, at h~s opuon, make such repairs or cause the same to be made, and advance moneys in that behalf. ~ j (c) To pay al[ aad sin~yisr tAe laxes, sssessment~; levies, I~abiHt~ea, and eeli~ations ot every nawre on said described ptoperty eacl~ j ( and every vhen due anQ payable accord~r?~ to lax'. tiefo~e they becoa~e delinquc..t, and to deliver to the 1Aort~a~ee on or Defore tdarch ~ E 1Sth 8f each Year tax receipts ev~deaein~ the paymrnt of aH la.vfully uapoxd qats Iex the precediotaalt.ndu year,-to ~ndemni[y the ~ Mat~a~ee npoP his deound ta all t~aes~ •ssescm~nts and ch~r~es that-may be assessed upon this morta~~e on the indebtedness s~- ~ cured hereby, and psid by the mat6agee, v~thout resar~l to any law Aeretofae enacted or AereatCer to be eRactEd iWposinj p~yment of the ~rlale ot•~aY..art thereot upae ttie Atortaa~ee. ~ ~ (d1 To~y all aW s~nsular the cosis, cAarees aad expen3es, includ~e~ lavyers' tees and abstract costs reasmably incyr~ed ~x pa~d at any time by the Mat`asee oecause oi tee ia~iure on ~oe part oi tne ~ioriKa~or iu per[ar~, :oritip~y w::t~ .L~3a by eacd :r~ ¢vtrp ilse st~pulaunns, a~reements, cond~hons and coveoants of s~id prom~ss«y nnte and th~s deed, a either, and every suth'payinent shall bear anterest (ras date s~ the rate of ten UO'~) per centum per annum. (el It ia further covenanted ~nd aated by sud parues that in the event of a au~t be~na ~nst~tnted to (oreclose Wis eaatpse, tht Mort- p~ee sh~ll be entiUed to apply at say t~me pend~na sucA fweclosure swt to ehe court harin~ jurisd~chon thereof (or tAe •ppoiatseot ~ ot a receiver of all and sinsular the matsa`ed propert}~, and of all rents, incomes, profits, issues aad rerenuea thertof, ftoe vhatsoever soutce detived; and thereupon it is hereby exp~essly covenanted aad a6reed tAd ttie Court sh~ll (orihvitb ~ppoiat sucd receiver ~~tA ~ the wwl po~rets and duues of ~ece~vera ~n like uses; and said appo~nto~lnt shall be made by the court as a matter ot sttiet ri~At to ~ the Mort~a~ee, and r~itAout reterence to the adequacy «~nadeQuacy o[ tAe value of the ,xoperty hereby mort~a{ed, or to the solveecy a insolvency of the Mort~~~aa « any other party defendant to such su~e. The Nwtsssor hercby sprn(~cally wraives tAe n~ht to ob~eet to the appointment of a ~ece~ver ac atoresaid and hereby expessly conaents that such appo~ntmem sAall be made as an adm~tted equ~ty ~ and as.a matter of absolute n~ht to the i?lortsatee and that ehe same may be done wi~hout notece to the Mort~a~or. t 1( forecloswe proceed~a~s should De ~nshtuted a~ainst the property covered by tbtis morlsa~e upon rny other hen or cla~m ~rAether _ alle~ed to be supenor or junior to tho I~ert ot this mortiase, she Mort~aaee may at his aption ~mmedutelY upon ~nstituuoe ot sueh swt ~ ot durin~ the pendency t6ereo[ 6eclare th~s mortsate a:~d ~he indebtednese secired hereby due and payable (orth~r~th and may at its ; opt~oe proceed to faeclwe th~s mor~p~e. z ~ 'irat lhe Alortpsor rill keep alI real ¦nd personal pruperty noF ar hereafter encumDered by the I~en o[ th~s mortp~e ~nsured •s may ~ be requtted from Ume to time by the Mor~~a~ee sp~nst loss by tue, Aind~t~xm and o?her hazsrds, caswlt~es and contm~enc~es [or such perwds and tor not less than such aawunts aa euy be rcQuucd Ay ihe \lort=a~ee •nd to pry promptty v.hen due sll prem~uma sueh msurance. The amounts of iasurance requued by the Murt~stee ~hall be the m~mmum amounts !or whirh sa~d msur~nce sAall Ae sntten and it sAall be IMUO~tAI Y(1011 I~IC lNortsaaor to ma~nts?n ~uch sd~l~uoaal msutance as maY be necessar~~ to meet and comply (ully ~r~th ~ all co-i~aur~ace teqoitt4ents conta~oed in sa~d poLuta to the tt?d tha[ the said N«~~a~« ~s not a ca~nsurw thereunder.lasurance ~ shall be rntten by a company or compaoies spproved a des~6nated by the ~Icxtss{ee an6 all poLc~es and renewals theteot shall be 6eld ~ by the Matiaiet. All dc4~led desi~nauons by the MwtEas~r wh~ch ue accepted by the AtortEa~te aed ali a{recmrnta Seta~een Afortsa~ot ~ •nd I~Iwtsaiet rel~uns to inswance, now~ esishn~ or hereaftar made, shsll be in rri~in~ and sh~ll be a p~rt of th~s mort~a~e aateee~ent ~ as fully ss thou~h set [«tA vePoat~m Aere~n snd sAsll ~overn both partiec hercto and their yuccessors ~nd assi~ns. No lien upon ~ny of ~ said poGeies of msursnce o~ upon any refurtd ot rcwrn prem~um ¦hich may be payabte on tAe cancellahon or termm~t~oe~ thereof, sh~ll ~ be ~iven to otAer ~han the MortaaEee, except by proper endoricment sf(iaed to such policy and approred by Mor~~a~es. Each policy of insurance sh~ll have a(Gxed thereto a St~ndard Ne+r Yort Mort~a~ee Clsuse ~~thout Contnbut~oa, matin~ all loss o~ lossts under such ~ po{icy psyaDle to the Mort~a~ee as ~ts inierest maY sDpear. !n the erent any sum or sums ot eooney becane payable thereunder the ~lort- ~ ~a{ee sha4}~ ¦ve the opt~on to rece~ve and apply tbe aame oo account of the ~ndtbtedncss hereby secured, w to permittAe ~t~aRor to rective snd use'i\, or ~ny part thereof, vr?thout Wereby ra~v~n~ o~ ~mpa~nne any eywty~ lien, a.ri`ht under and by vutut of lh~s ~ mortpte. In event of lusa « physical dama=e to the mott~a~ed property the Rtort`seor shall ~ive ~mmedutt noact thereo( by ma+l t.~ tht Mort{asee and thc ~lor~~a~ec may make pro<,f of lu+s ~t thc camc iv not madc p~omptly ~y tAt A1wt~a~ot. In event o( tote~lnaure o( Yo~i95 ~~i~33 = r.~ Yr~ _ ~ d` i~_ a$Y_N~~'i4"^". _ ~~~-~li's"~L~t~.::3r > . ' _