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Home My WebLink About2495 ~ . ~ _ ~ PROVIDEn, ALW1IYS, that if the Mort~a~or shall pay unto the Mott~eaee the indebtedness evidenced by a ' certain ~romissorv note of v?'hich the fallowi~e in warda and (itu[es is e true coDV to-wit: ! . i/GdyNG~G iS~4~C ~_1325. 00_ y t?f;ami, Florid. September 9 19 ~j FOR VALUF RECEt~°ED We, _ jointlY and severally promix to pay ~ tu thr o~der of ~T FRIEDMAN AND TILLIE ~FRIEA~IAN~ HIS WIFE. ~ja~1(~O th~ prinripal ~um of One Th~usgnd ThrE+P N~q~ed-~tW~~~~~~ pp1.LARS, togethe~ with intere:t ~ thireun (rom date at the rate o( trn pe~ent, per annum un1i) maturity, both pr~nc~pal a~d i~terest bring payable i~ law[ul moncy uf ! the t'nited ~tates at `~~~1 Biscayne Bhd., ~liami, Florida, or at such othe~ place as the holders hereof may desig~ate in writing. Prii~cipal and interc~t payable in installmen~~ as toilowa: . Twent Five ~ Y- ($25.00) Do2lars per month, for thirty-five (35) consecutive months, on the 15th day of each and every month, beginning on the lSth day of November, 1971, and continuing until the ISth day of October, 1974, at which time the balance shall become due and payable. This note may be prepaid in whole or in part after one year from the date heteo[ upon payment of a pe~alty equivaleot tu five peccent o[ the principal sum prepaid. E~ch inatallme~t payrnent shall bc credited first on the intere~t due, and the remaiade~ on principal; and interest shall thrrr- upon reasr upon the principat w cndited. The makers and rndorsen uf this note furiher agree to wsivE-dem~ud, notice of non-payment and protest, and in the event suit .I~all be brought tor the collection hereof, or the same hu to be collected'upon demand of an attomey, to pay reasonable atto ey's (rr. [or making such collection. ~ Detetred paymen~= hereunde~ shatl bear interest at the rate of ten percent per annum from maturity until paid. 7~his note is secund by a mortgage of even date herewith and is to be construed and enforced according to the lawa the ~~tate of Florida; upon drfault in the payment of principal andlor intereat when due, the whole aum of principal and in erest ~rmaining unpaid sha11, at the option of the holde~s, become immediately due and payable. ~ - ~ ~~~i_' EC ~ L6 ~ •7~l'i j'^ - (SEAL) ~ ~~~~~a~l f ~ (SEAL) Reparcd by Spieler dc Tendrich, Attomeys - Z240 Biuay~t 81rd., Miami,Fla~di ' ~ and shall perfcxm, comply w~th and abide by each and every the stipuiations, agreements. conditions and cove- nants of said promissory note and uf this decd. then this deed and the estate thereby created shall cease and be null and void. ~ 1. The Mortgagor hereby covenants and agrees: + (al To pay all and s~n~ula the piinc~pal artd interest and other sums of money payable by virtue of said promi~sory note and this deed, or e~ther, promptly on tAe days respect~veiy the came severaUy becomes due. (D) To perait, canm~t or suf(er no rsste a~d to ma~ntain the ~mpovements at all t~mes in a st~te ot ~ood repair and cond~t~on, and to do or perm~t to be done to said premises nothins that rtll alter or chan~e the ust and cAuactet of s~id ptoperty or ia any Way impair or w•eaken the secunty of this mort~a~e. And in case o( the refusal, ne~Iect oc inab~lity o( the Mort[a~or to repair and saiataio said proper- ty, ~he Mortp6ee roay, at his op~~on, make such repaus or cause the same co be made, and ~dv~ece moneys in that beh~lf. Ic) To pay all aed s~niulu the taaes, usessm~nta, leries, Gab~lities. and obli~ations of erety aature on said deactibed p~opetty each and everY rAen due and payable accordins to law, be(ore they become delinQut..t, aad to deliver to t6e Mottp~ee oa ot be(ore March IStA of each year tsx receipts evideecins the p~yment of •11 Is~r(u11Y ~eeposed taaea tar the p~ecedins eilendu year; to indeeanify tAe ~lortjaset upon his demaad for all taaes, assessments and eh~rses that may be assessed upon this mort~~~e on the indebtedoeas s.- cured hereby, and paid by the morts~~ee, ~itAou~ retard to any 1~` hcretotae enacted a huetttet to be te~eted iieposin~ aaYment oi the ~hole or ~ny ~art thereof upoo the Mort~a~te. (dl To p~y a11 and e~n~ulit tht costs, charses and eapenaes. includins liryers' fees and aDsuact costs reasonably iqcuned cK p~id at any time by the Alataa~ee because of the fulure oo the part o( the Morea.~or ~o oe~form, coaply r~th and abidt ~y each and evoty the supufations, a~reemenls, cond~t~ons a~d covenants ot s~~d praaissory note and this deed. ot either, and erery such~p~yment shall bear ~nterest fcan date st the rate ot ten UO'i~) per centum per annum. le) It is furthcr corenanted and ajreed by sud parhes that in the event o[ • suit beins initituted ~o to~aclose thia mort~a~e, tAt hlat- p{ee sh~ll bt ent~tled to spply at sny ume pend~n~ such to~ecloaure suit to tAe court havie~ jurisdicuoe Wereo( ta the appolntment o( a receiver o( all and sin~ular the a~ort~a~ed property, and of atl rents, incames. profits, iasuta and rerenues thereof. from whatsoever source denvcd; and thereuDon ~t ~a hereby eapressly coveoanted •nd aLteed that the Conrt ahall latthritA sOpoint suc6 rece~ret witA tAe usual pwcrs and duties ot receivers in like c~sea; and said appo~ntment shall bt ayde by the court as a matter of stnct ri~At to the Matsa~te, and ~r~tAout reterence to the adequacy a ~nadequacy of the v~lue of tbe property hereby ~eat~a~ed, or to the ~olrency a~nsolrency of the Mort~a~ora a any othet party de(endant to such su~t, The Mort~~~or hereby spec~fic~lly r~ives the ri~ht to o~~ect to tAe appo~ntment ot ~ receiver as sforesa~d •nd hereDy eapress{y consents that such appointmeM sh~ll bt a~de as an sdm~tted equ~ty and as a maucr ot aDsolute n~ht to the Mortp~ee and that ~ht same msy bt done ~~thout notict to tAe Mortp~a. tf 1 It fweclo~ure proceadm~a sbould be mst~tWed •~iinst tbe property corettd by Wii matp~e upoa •ny otAer Gen a cla~m wAetAer a1le~ed to be supenor or ~unwr to the lien of th~a a~onp~e, the Mwt~asee may at his option immedutely upon instituuon of such suu a dur~n~ the pendency thercot declue th~s mortp~e •nd the ~ndebtedness sec~red hereby dut md payabie forthwith and may at ~ts opt~on proceed ~o to.eoiwe ~n„ „«~s•a~• . Ii1 Tb~? th~ 1Nortiaiw ~r~11 keep all real and personal property no~r or heres(ter encumbered by t6e I~en of sh~s mat«~e ~nsured as m~y be reQu~red (roen time to time by the Mort~a~te aaa~nst loss by t~re, .~ndsiorm and o~her h~zuds, c~swlt~es~snd conUe{enc~es (or such~--~" penods and tor eot leas lhan such ~ewunts as msy be requ~red by tAe Mort~~~ee ~nd to pay pranptly when due •11 prein~ums (a sucA ~nsunnce. The amounts of ~naurance requited by the Mortsa~ee shall be tAe m~mmwo aoaunts tor rA~ch s~~d ~nsur~nce sAsll be wnttee and ~t sh~ll be uuuwben~ upon the Mort~ssor to maintam such sdd~UOn~1 iosurance a• auY bt necess~ry to meet and complY (ully +~th sll co-~asursnce ~eQuiremeata coataieed ~n said pol~t~ee to tAe etd ~hat tht said Ilfortsaaw ~s not a co-~nsurw tht~eunder.lnsurance shall be ~rruten by a comp~ny or coeopm~es ~pproved a des~~nated by tAe Mort~atee and all pol~c~es and renerals ~he~eot sh~ll be hetd bY Mo~~N~ee. All deta~led des~~nat~oos by tde Mort~atar wA~ch are sccepted by ~he Mwt~a{te aad all sareements bet~reen Mort~~~o~ and Mortsa~ee relaun~ to mswance, nor ts~s~ina w bere~ttcr made, shall be m rntin~ and sb~ll be • part of th~s mwt~a~e a~reen:ent •s fu11y as thou~h set (dth rerDat~m herein and sh~ll {overn both part~es hereto •nd tl~e~r successors aod ass~~ns. No ~~en upon any o! sa~d pol~cua o( ~nsurance or upan •ny re(und o~ return prem~um rh~ch may bt p+iy~ble an tAr c~ectll~t~on or termm~t~on thereo/, .hal! bt =~rea to otAer thsn ~Ae 1lorts~see, ex~ept by ppper endorsement a(f~~ed to such pol~cy and ~ppoved by Mort~a~ee. Eacn pul~cy ~I inswance sA~ll hsve a([ued thereto a S~andud Ne~r Yak Mort~~~ee Cl~we vruhout Contnbuu~, m~ktn~ •11 loss .x lo~ses unJer ,ucA policy par•bte io ihs AlottN~ee •s us ~n~crest may ~ppear. (n the event any swn or swws o! aoney becoms p~yabie thereundei the ~fort- ~asre aA~ll hsre tAe ophon to rece~re and ¦DO~Y ~ht saa~e on ~eeount of the ~ndebtedness hereby ~e~ured, or to permit the ~Mrt~•E~~r ~o recewt ~nd use ~t, or ~ny p~r~ therco(, r~thout thereAy wa~v~n~ a~mpunn~ sny equ~tY. heA, of rit~t Mdet and by vuWe of tA~. ieortsi~e. In event o! iws or phya~c~l d~era~~ ~o ~he mort~s~ad poperty ~ht Maii~~a sA~ll j~re ~mined~~te nohce tAereu( ms~l t,~ the Mort~~~e• snd the !~{at~a~ee nuy m~Ye prout ol I~,~ti the a~me not made pranp~ly by Ihe ~Io~~~~aa. In e~ent of lurc.l•~wre ol , s~ 19 a 2~~3 } _ l6iAK~~°~,~~~+'~lJkEK h~ . II r"'y _Y~ ~''~i5. .a~..