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HomeMy WebLinkAbout0389 ti . . . PRnV`iDEn, Al_w'Al'S, that if the \lurtgagor shall pay untn thc ~bttgager the ~ndtbtednrss a~~idencrd hy a ~erta~e p~omissury note ~?f which the loiloNing in wotds and figures ~s a Itut ~upy tu-Nit: ~ s 3350.00 Miam;, Fio~da Novemb~r 4 iq 71 FOR VALI,'F RF.CFl1~E~4 We, jointly a~d severallv ` to the order of RUTH GREENBERG ~ promue to pay ; Ihe p~incipal sum of Three Thousan~'~'~ee un re y$-~o~ ~ ' - w~-t~`~K.~, together with interest ihereon fn~m dat~ at th~ rat~ of ten perrent, pr~ annum untii maturit}•, both principal and intercst beinR pay~ble in Iaw1'ul mone~• of th~ United ~tates at '~~-L~ Biscayne BI~•d., \liami, Florida, or at such other place as the holders hereof may designate in writing. Prinripd and interest psyable in installments ss [ollows: Seventy-Five ($75.00) Dollars per month, beginning on the lSth day , o January, 2972, and continuing on Che ISth day af ~a~; and every month thereafter until paid in full. This note may be prepaid ~n whole or in part aftet one year from the date hereof upon payment of a penalty equivaient eo five percent of the princ~pal sum prepaid. Each in.tallment payment ~hall be ~•redited C~t on the interest due, and the remainder on ptincipal; and interc~t shal) ther~- upun ceasr upon thr principal w credited. • ~ The makers and endorsrrs of thi~ note [urthe~ agrce to waive demand. notice of non-Pavment and protest, and in th~ evrnt .uit ~~?aii be brought for the cullection hereo(, or the same has to be collected upoe demand af ar~ attorney, to p~~• rea;~~~e ~ttorney 1 frr~ fur making such cvllrction. Ue[erred pa}~ments hereundet shall bear interest at the rate of ten petc~nt per annum Erom maturity until paid. I This note is secured by a mort~a~e~of even date hrrewith and is to be conatrued and enfore~d accordir?~ to the (aws of thc ~tate a; M I~rida: upon d~fault in thr pa~•ment of principal andior interest when due, th~ whole ~m of principa) and int~nst ~ remainint unpaid ahatl, at the option of the holders, become immediately,~lue a payable_ I ~ '~t_ f ~ i ~ . ` - (~Ea~~ ~ i ~ ~ ~ .n - ~~y~•~^~,1-,,,, i.-~ Repared 6y ~prclet & Trndneh, Attorneqs _ 224p g;u.~yM B~vd.. Niami, Flor' a .-r-_ (SEAL) g araJ shaU rerform. cumply~ with and abidr b~~ each and erery the supulations, agretments, co~ditions and cove- w nants uf said ptumissury note and oC this dced. then this deed a?sd the estate thercby c~eated shall cease and be ; ~ull and ~•o~d. ~ ~ 1. The \lvrtgagor hereb> a~~•enants aad agrees: Y (a) Tn pa}~ ~U and ~~naular thr prm.~pal and roteresr and oiher sum. of money pa>ab;r n~ ~~rtue of sa~d pr.xn~ssory note and tAis ~ dted. ot e~ther, p~umpUy on thc days res{+eihveh tht ~amt .~.~uuy n~.,~m« ~„c. ; Ib) Tu 4+erm~t, .ommU or wt[er nn ras~e aod to main:air. !he smproti~cTments n a1; t~mes ~n a state of go.~1 repaer and cond~~~un, and to d~ x,~erm~t tu !~e ~iont to said prem~s~s nothm~ N?at r~i11 ~{ter o~ chan{e tl~e use ~nd .haracur ot said propettp ot in any Way impa~r p reaken the se.urrty~ ~.f thic mur[6agt. 4nd in case o! chr refusal, ne~lcct or mab~lrty o( tAe Mort~r~~r t.. repau and ma~nta~n said proper- ' ~ ty, tAe Mat~s~tce ma>, at h~s opuue, make such repau, ~x cause the same to be made, and advance moneys ~n [hat behal[. F (c) To pay a11 an.1 s~n~ular the taxes, asscssments, ie~~es, Iub~I~ues, and obl~~at~uns a( e~ery naturc ort sa~d descn~ed property eaah and e~try nc~n due and payablr a.~.xJins ~o la~, n~t~xe they be.ome del~nquc..t, and to deliver to the Moet~:`ee on ot before MarcA _ ISth of each year tas re:t~ptc e~idenc~n6 the payment ~.f •I! law[ully irnposed taaos for the ps:~ed~n~ calendar year, to ~ndcmn~(y the ~ N.xt~a~ee up~m h~s d~m~nd fw xtl taaes, assescmrn~s ~m7 char~es that m~y be assessed upon ih:s morttase on the isdebtedness s•- .ured hereby, and ~a~d by thr mo~iga6ee. ~.~~h~.ut regard sn an~ law herotufore enacted ~x hereaher to be enacted imposma ~ayment of the •~hole oc an~ ~art thereof upon the ~lortsa`cc_ 1a1 Io pay all and s~n~ular the ?05tS, C~I~t~tS and oa~unses, includ~n` iawrers' tets and absvact coscs reasonably mcurred or paid at any t~m~ by thr \to:tgaEee beca~.r uf ~he fa~lure on che part o! she ~1or:paaor to perform, comply with and ab~de by e~ch and erery the st~pulaLnn~, aRreaments, conJ~tions and coti~nants of caid promiss.x~ note and eh~c deed, or etitAtr, snd every such pa~ment shall bear ~nterest (~um d~~c at thc rate of ten I IIYl per centum per annum_ lel It ~c fur~her covenanted and a6reed bp sa~d pareics th~t ~n th~ e~ent of ~ su,~ ne~nR ~nauWted to foreclose th~s mortq~e, tAe Maxt- ~a~ee sh~ll t+e entitled to appiy a~ any t~mr pendins auch fae.:osw~ su~t te the court hav~n~ ~ur~sd~chon ef~ereof for the sppomtment ot ~ rece~•er of all ~nd ainiul~- the mortE~«d proptrt}, snd o! a11 reni~, ~nc.xnes, prol~ts, usues and revenuec thereof, f~om whatsoever .~wr.e denved, ind ~Aereu,~un :s hreby eipressty ro~enmted ami aereed that the Court sha1S [wihr~th •ppo~at such rect~ver rith the uswl povrers and dut~es uf rere~.crs ~n l~ke cases. and sa~0 aDpu~ntment sh~l1 be made by the .ourt as a matter of stnet r~sAt io the Nr.t{a~ce, and ~+itA.wt re(crcr.ce ~o thr adequa~> or madc~oacy o( Ne value a( the propeity hercby mat~a{ed, cx to [he solvency i or ~nsnlvt~cy of tAe ~i.~rt~a~x, .x any otAer p~rty delenJ~n~ to +ucR :u~t. 7Ae Nw~sajax Aereb~ spec~f~cally r~~vec the n~ht to oAlect ~ to tht appointmrnt ~ rect~~er as •inresaid and !~errAy t~Me~cl} :~v~stnts that cuch appotntmcnt ~ha1! be madt ac •n admuted eywty anA as a man~; ab..,lute r~~ht to t~~ ~~,x!~aEtt and !ha'. tht same may b~ done ~ithout notict t~~ thc V,ot~ta~o~. 1(1 I( iore.t,~.ure p-.weedinjs +houW hf ~nstituted ~~ainst the property co.ered by th~s rtrxt~a~e upon any uther iien w cla~m ~hethor ~ile~tJ to bc wMnot .x ~un~~,r t<~ thc ltcn ,.t th~s m~xt a~. thc blort • ee ma} a+ h~. u non immedut~l u y / 1t ~ t D > pon in.t~tuuu~t o! aucA ~u~t , ~x durins th~ perplcncy theroo! Ac.larc :h„ m.xt~a~e and ~he ~nJeMcilr.~s. se.;red he~eAr d~e and p~~aDtc ~~nth~~tA and mar at ~ta ; ~D~~~ W«eeJ to fixeclose tAi. mxt~a~e. ; 4 !~1 That the \t,•rt6~ior r~~1 tecp ?11 reai and ,tr.~~niE pr.rMrt~ n~~~ .x hettaft~t tn.~m~errd b~ {~en of :h~a mrxr~~~e ensuted as mty Ae rtywrrd :t~~tr; timr to :ime b~ the V.~:taa~ec asa~nst i~~s. b~ fitc, +~nJ.r.wm ~nJ u~her ha:ards, c~~wtt~c~ and .ontinEen~~es (ur su~A j per:r~ds ~nd ;ar n~:t tesc than su.h am~~ur.ts as ma~ be re~u:ted tAr Nor~~~Lee snd eo promp;l> rhtn due •!I prem:um~ f~x sucA + ~ncu~anc~. The amuunt~ of ~nsuur:.e re~wred b} thc Nartgaptcr .Aait be tAe m~n:m~;m •maune. !.~r.aRi.~ sa~d :naa~anae ~b~l! Ae rntlen and ~t shall ~e incumbenr ur.x~ the 1!o%±R~~c:t to ^~n:^:ain su.A add~uonal rnaunn« •ti may Oe nece~sa~ti to meet anJ .omply fully r~th ail co-~nsurance~ r~yu~ermencs cor.tamed ,n ~a~d pol~.ae~ tn she'end that eAc ;a:d ~1.x~ga~.K not a co.~n.uror tAereunder.lnwrance .Aall ++r a*ittcr. hy a.~ur.pany or ~,,mpsn:ec approacl o~ dc,~t~a!cd hr thc ~}axt~a6ee and all ,ol,~:es •nd rtncr~:~ :her~of ahs11 ?x Atld 1 ti~' tA~ ~1o~tsaFcr. .~1l1 Seta~tcd de~~sn~~icxi: by ~he \1nrt~aRur ~~hc:~ sre a.cep±ed by th~ \~or~~a~te and a!I a~rceRents bttaetrt Nott~aEa ; •nd Nort~~iee rt:ater,g tu ~nsu!ar,.e. n.~r ex~.iina or ne~tar,cs rraue. .•`~~ii a:c'. !~:s • r~~in.et ~ . - • ; . ~,,,._~,j- •s IuNY a. :h~,;.~th .c~ t~~•t~ ~ert+a~~m herern ~ad sh~fl x~,tirtr '~;,~h ~~:::~c herct., ~r.d :hci! ~u..e.s~,rs and•us~Enti. ~i~; {ien upon •n1 ot •a~d ;w~!~i~r. .•r ~n.,;ra^ce ur u~or; •n> ~~tund ~r %c:urr, prem~um rh~cA ma> re DaysDte o~ the cancetlaunn <r. eerm~nat~on thu~of, .Aali Ae ~nen !c~ ~,•:hcr ~~~r. thc S1ortRa~tcc. c~.cp: h~ pr.,~cr ~nJur.crrcn! a~ii~ru to w.A po{~:} •nd appr,.~ed by N~Kr~~~te. fa~h pni:.y o! ~n~wan:t c1~i; h~~r •tl~aad :hrr::., a ~ts~~~~d \er Yurk \1~•r!~aEte C!~u.e a~th~~u' Con::~b,,;~on. m~i~inR •il .r. lo..e~ ~n~3r. ,wn p~~tic~ ;~ra~ r t,~ thr ~Inrt~atte a. :t. ~n?~rrc; m~•. appeac. In tAe eveat am ~um or .umn .~t rr,•;rr/ ~+r.~+.nt pssehir ~l:crcunilet t~c ~1n~t. . ~~{c~ .A~i± ha~c tnr .:p!,.x~ ~r,c~.c •r.d •p;,t~ tht sa~we on account ot ~ndtpuswes~~R~ren? .r...red, u! p•rrr.:' t~~ ~!•n.r~~~t,.• to :c~e~.~ er3 u~e sr1~ Cart ther~,.i, wtt!:aut thtr~b} ~~:~in~i ~•r :mpri;lel~ !'qu~ty, Icen, ut r:~ht ur.dr! .nd b~ .ir!uc n: !A~. . nxrt~~~e. In c.cm a~. ~n~.i. da~r: . ~ ~~r . s~t mn•r~agr ;~ruprt•. '~e ~tor:EaEut c~a!{ E~~e ;mmcJ~s:e n~.,t~.s !h~•c~•t e~ ehr tf.x:ga~rc . a~ y,.rt . _ . .!r , ~ K . ^,.~.c 0' , . . . ..T.r . , -~dc ,:.^pt:~ •h[ \1~>,c~~~t~x. Ir, r.~.. . .,.t. .•t nf . , - ' ° R~ 1~7 389 go~~ f~ac; ~ - ~ ~ ~ ~ - - _