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PROVIDEI), AL.WAYS, that if the \lortgagor shall pa~• unta the ~lortgagte thr ~nJebtedne+s rv~denced by a ~
certa~n promissory note ~~f which the folluwing in wotds and figures is a true copy to-w?t:
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S 2525.00 _ ~L,m;, E~~rid,~November_ll 71_ ~
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j fl?K \ ~I.1'f: NECf:I~~l'll - - I - Promi.e tu pa~
t~~th~•urdrr~?(SAt~i HORUk'ITZ A.I`'D t~i`ETT~:_HnRO~•lIT_7_~_HIS._W_IFE __~p~~00__,~~„_~__s=_. _
t~~~• i~~~~~~~y~ai .~r Two _Thousand_ Five _Hundred Twenty-Five and ~I.I. ~R~. <<~~~lh~~ wiih ~ntrrr,~
lh~•rr.~n frum datr at thr ratr u( lrn prn•rnt, prr annum until matunt~~, buth principai and iutrrest bring pa~abl~ in laM•[ul nwnr~ u(
~ thr l nitrd ~tatr~ rt '~'~11 {ii-ca~nr iil~d.. ~liami. Flonda, or at ~uch other place as the hold~rs hereo( ma}• de~ignat~ in MntinK.
i i 1'rinciNal and interr:t payahtr ~n in~tallmrnt~ a, fuiluw.: ' ,
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Fifty-Five ($55.00) Dollars per month, beginning on the lSth day ~
~ of January, 1972, and continuing on the lSth day of each and every
month thereafter until paid in full. ~
This note may be prepa~d ~n v?holc ot in part aftet one yea[ fcom the date hereof upor? payment of a penalty equ~valent
~u f~ve percent of the pnnc~pal sun? prepaid_
t F:a~•h in•tril~nrnt va~ mrnt -haU Lr ~•reditrd fir~t un the int~rest due, and the remainder on principal; and inter~st shall thrn•-
u~~un rra..• upun lhr pr~n~~~pal ~u rrrdUrd.
I Tlir n~ak~r and rndur~rr• uf ttu~ nutr furthr~ a~rre to waivr demand, notice of nun-pavment and protest, and in th~ ev~nt >uit
I -hall br bruu~hl fur tt~r collrct~un herruL or thr sam~ ha~ tu be collected upon demand of an auorney, to pay reasonable attomey~.
!t•.•. lur makinK .uch culiretion.
UrFrrred pa~ ~nrnt. hereunder ~hall b~ar intrrr:t at th~ rate of ten percent per annum from maturitv until paid. ~
'l~hi~ m~te i~ •rcured bv a mortgaRe n( ev~n date h~r~with and is to be constrved and enforced according to the laws of the
~tat~ o( t~lorida: up~n drfault in th~ poym~nt o( prin~ipal anWor interest wh~n due, the whole sum of pnncipal and intereat
i n•maming unpa~d ~hall. at tht option of th~ hold~~, t?ecome immediately due and payable.
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~ Yrep~r~d by ~prkr 8 Tendri~h. Attomeys - 2240 Biscayne Blyd.. ~1umi, Flotida
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and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and co~~e-
f nants of sa~d promissorp note and of this deed, then th~s deed and the estate thereby cteated shall cease and be
~ null and ~oid.
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~ l. The ~lortgagor hereby~ co~-enants and agrees:
~ !a) To paY all and .~ngular the ~x~nc~pal artd mtcrcst and uther sums ot moncp payable M• ~~rtue of sa~d prom~sso~y note and th~s
deed, or e~ther, prwnptly un the days respectrvcly the .ame ~cverall)' heromes due.
~ (bl Tu perm~t, cemm~t or su(iec no ~aste a~d to n:a~nta~n the ~mpru~emenu at all times in a state of good rcpart and iond~uoa, and to
-do M perm~t to be Jone to said ~xemiscs noth~n~t that tiill alter or chan~e the use and character of sa~d property or m any ~ay impau or
5 Mcaten the secunty o( th~s mat~a6e. And in case of the rc(usal, neglect or inab~hty ot ~he Mortgagor io repair and mamta~n sud proper- ?
: ty, the Mortpgee may, at h~s opuon, mate such rtpauc or cause the same to be made, and advance moneys m that behalt. }
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t (c? To pay all and ~~ngulu the tases, assessments, le~~es, l~ab~l~ues, and obG6at~ons of every naturc on said desenbed property each
fi and every vheo Jue and psyable ucord~ng to law', be(ure thcy become delinquc..t, and to del~rer to the Mor[6:6ee on w before Alacch
; IStA of each yeu Ux rcce~pt~ e~~Jencmg the payment nf all Iawfully ~mposed taaes for the precedm~ calendu year, to mdemndy the
- ~1ort6asee upon his demand for a11 uxes, a.sescmcntc and char6es that may be assessed upon th~s mortgase on the indebtedness s~-
cured hereby, and pa~d by tht mortgagee, a~thout regard to any law herctofore enacted ~ he~eafter to be enac[ed ~mposms payment o:
~ the whole or any ~art thereof upon the \tortga6ee. ;
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`v~' •(d) To pay all and sin6ular the costs, .harg~s and e~penses, mclud~ng lawyers' fees and abctract costc reasonably ~ncurred rx pa~d at
~ any t~me by the \1~xtgagee becau.c uf the failure on ~he part of the \tortgagor to perform, comply M~th and ab~de by each and every the
~ supulat~ons, sgrcements, cundu~ons and covtnants o( sa~d prom~ssor~ note and th~s daed, a c~ther, aid every such~paymrnt shall bear
~ ~nu~est frum datc at the rate oi ten (10°~) pcr cenwm pcr annum. .
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~ (el It is furthet covenanted and a6reed by sa~d parhes that in the e~~ent of a su~t be~n6 mst~tuted to toreclose th~s mort~aie, the Mort-
- p~ee shall be ent~Ued to apply at any ume pend~ng such fore.loswe ~uu to the cour: hav~n~ ~unsdichon thereof for the appo~ntment
~ E E 6 D P~ and of all rents, mcomes, roirts, issues and rertr~ura :hereaf, from whai;xver
'S o1 a rece~ver of all and sin utar the mort a ed ro rt F
source derived; and thereupon it ~s her~by eapressly covenanted and agrced that the Court shall forthw~~th ap~oint such rcceiver w~th
- the usual powers and duues of rece~~ers m I~ke cases: and sa~d appu~ntment shall be made by the courl as a matter of stnct n~ht to
the Mcxtsa~te, and w~thout rc(erence to the adeQuacy or madeQUacy of the value of the property hercby mort6ased, or to the solvency
' or ~nsolvency of the Nort~a6ors or any othet party Je(endant to such .u~t. The ~fortga~or hereby spec~(~callY waives the nght to ob~ect
to the appo~n~ment ot a rece~ver ac aforesa~d and herebq expressly ccx~sents that such appo~ntment shall be made as an adm~tted equ~ty
and as a matt~r o( abselute nght to the ~lortgagee and chac the came may be donc ~~thout not~ce t~ the ~1~rtga~or.
(f) If foreclosure proceedmss snould be ~nsuwted agamst the property covered by th~s mortY~ge upon any other I~en or cla~m whether
alle6ed [o bc supenor or ~un~or to the I~en of this mortsagc, thc Mort~agee may at h~s uphon imaed~ately upon ~n.ntut~oo of such su~t
ix dunn~ th~ pendency thereo( declarc th~s mortgase and the ~ndebtedness secured hereby due and papable forth~i[h and may at its
' option pro.:eed to toreclose this mottga6a ,
" That the ~lortgasor w~ll keep all real and personal property no~~ cx hercafter encumbered A~ the liert o[ th~s mortgast insured as may
be requved (rom ume te hme by ihe Mort~a`ee aeainct losc by (rte, w~ndatorm and other Aazards, casualt~es and conunEenc~es for such ~
_ penods and tor not less than such amounts as may be requ~red by the \lortgagec and to pay promptly when duc all prcm~ums ~or such ~
~nsurance. The amounts o( ~nsurance rcqwred by the ~IortgaRee shall De the m~n~mum amuuntc for 4h~ch sa~d ~nsurance shall Ae rnt~en f
and it shal! be mcumbent upon the Nort~ago~ to mamtain such add~Uonal ~nsurance as may be neiessary to meet and comply fully w~th ~
- all co-~nsuranct requ~remenis conlamed m sa~d pol~c~e~ to the end that the said \iortga6ot ~s not a co-~nsuror thereunder.lnsurance _
::i shall be vntten hy ~ compsny or compan~e~ appceved or dec~gnated by the ~lortgagee and all pol~cies and renewal~ thereof shall be he1J ;
- by the Mottgagee. All deta~led des~gnat~ons by the Mortga~or wh~ch are accepted by the ~1o~~6agte and all aarcements between Nort~ago~ j
_ and Mortgsgee relat:nE to msurence, nor ex~stm6 os hereaftcr made, shall be in wnun6 and shall be a patt of th~s mortgage agreeTent
as (ully as thoup.h sct fnrth verbaum herem and shall Eovern buth pamec hercto and their sutcessors and ass~;ns. Ko lien upon any nf
= said polic~es of ~nsurance or upon any rc(und or rewm premium wh~ch may be payable cx~ the caneellat~on cx termmai~on thercof, ~hall
be 6~ven to other than the Mort6a6ee, except by proper endnr~ement af(~xed to such pol~cy and approved by Alcxtga~ee. Fach po4cq ~~f 1
~ ~nsurance shall have af6aed theceto • Standard New York Nortgagee Clause ~•~th~wt Contrihuuon, mat~ng all loss ~.r locsc. undcr ~u~h ,
policy payable to the Mottsa~ee as ~ts ~nterrst may appear. In the event an~ cum or sums of money become payable thcreunder the ~fort-
gagee shall ha~e the opt~on to recei~e and apply the same on account o( :he tndebtedness hereby secured, or tn perm~t the \lortgaRor
- to rcce~ve and use it, or any ~art therco(, without thereby waivmR or impamns an} equ~ty, hen, or n6h! undrr and 4p vutue of tA~.
mort~a6e. ln e~en[ of lost or phys~cal damage to the mortEaEed prop~rtc the Stort6agor shall g~ve immEd~ate noucc thereo! h~ r-~~1 t~~ +
- Iht ~lixtga6ee rnd thc S1ortEegce ma>• makc pro~.i nf In~. i( thr same i* nnt made prumpth' by thc ~tortg~gor, In e~rnt ol forc~{~~~ure n! s
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y ~ RO~N ~~7 ~ I~AGi ~z84