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Home My WebLink About1368 ` - l . ' ~ • PROVIDEfI, ALWAYS. that i( the Nort~asot shall pay u~to the \tott~a~ee the ~ndebtedness ev~denced by a certa~n prom~ssory note ~f which the followin~ in worda and fiiures is a trua copy to-v?it. i ~4'~9~ , s 3~ 77S .00 ;~fiami, Floridz November 20, ~q_ 71 ~ FUR V. 'F i~ E: ) ~1E' ~O1Rt1y an~d severally promiK tu pa~ tu the order of S~_ ~~K e~I~III~SYLV~A FRANK-~ -HIS~FE---- at~_n~/_}pp ~Fir ~?rincipal .um ~t Three Thousand-Seven Hun re eventy-~ivel ~~,~~.~,,~k`, tu~elhrr wltil inlrrr~t ti~rreun frum datr at th~ ntc of trn percent, per anoum unti) maturih~, both principal and intrrest t?rin~ payablr in IaM[ul n~n~•~ uf thr United ~tates at '~'~-1-1 Bi.ca~•ne Kl~d., ~liami, Flo~da, ur at such other place as the holders hereoi may designate in writing. i f'rincipal a~d intere•t payable in installments as follows: y f i, . One Hundred ($100.00) Dollars per month, beginning on the lSth ~ay of January, 1972, and continuing on the 15th day of each and every month thereafter until paid in full. Th~s note may be prepa~d in w~hole or in part after one year ftom the date heceof upon payment of a penalty equivalent 1 t.~ iive percent of the princ~pal sum prepaid. ; F~ch in~tallmrnt pa~ u~ent ~hall be crrdited fint on the interest due, and the remainder on principal; and interest •hall thrr~•- ~ upun cea~ upun thr principal w crrditrd. - ~ The maken and rndur•en uf thi: notr [urther agree to wai~~e demand. noiice of non-pavment and protest, and in the event ~uit ,liall be brou~ht [or thr cullection herro(, or the ;ame has to be collected upon demand o[ an attorney, to pay rez~nable attorney x f~•r> fur making such cullection. ~ ~ Ueferred pay ment~ hemundrr ~hall brar intere,t at the nte of ten perc~nt p~r annum from maturit~ until paid. ; 7'his not~ is ~ecured by a mort~-a~e of even datr herewith and is to be construed and enforced according to the laws of the 3 { ~tate of Florida; upon drfault in th~ pa~•ment of principal andlor interest when due, the whole ~m o[ principal and int~re_ n•maining unpaid ~hall, at the option of the holders, become immediately ue and payable. , _ ~ ~ I - y ~ ~ ! ~ ~~~t-- ~r_--~-- ,~.'~s~ C~---_ (S EA L) i ! ~ ~ ...~-G~ ~ / . 0. t -,~p~~ s s ` _ j Preparcd by ~prcler 8 Tendrich. Attomeys - 2240 Biscayne Blvd., Niami, F' a ~ t 0 ~ ~ anJ shall perform. comply w~th and abide by each and every the stipulations, agreements, cond~tions and cove- ~ ; nants u[ sa~d promissory nute and of th~s deed, then th~s deed and the estate thereby created shall cease and be ~ ~ null and vo~d. ~ - 1. The !Nort~agor hereby cuvenants and agrees: (al Tu par all and sin~ulu the pr~nc~pal and mtercst and othtr sums of moneY D~Y~ble hy vuwe ot sa~d promusory nott •nd th~s - deed, or eNher, pomp~ly vn tht days respecurely the s~me se~~enllY Aecomes due. - (hl To perm:t, con+m~t or su((er no ~raatc a~d to ma~ntnn ~he impro~ements at al! t~mes in a s~~te o( ~ood repa+r and condi[~oe, snd to 9 do or permrt to be done to ~~~d prem~ses noth~n~ tha[ ,v~ll alter or chaa{e the we ~ed char~cter of sa~d property or m~nY v~Y ~mD~+r a .re~ken the secur~ty o( th~s mix~~a~~. ?nd in case o( the refussl, ne{lect or m~b~l~ty of the Mort~~~or to repa~r and m~~nt~~n s~~d ptoper. ~ ty, iAe M«~~a~tt m~y, at h~s option, makt auch repa~rs or cause the same to be made, and adrance moneys in th~t beh~lt. Icl T~. pay all and s~n~utar the uacs. assessmeeu, tev~es, I~~b~l~t~es, and obli{it~ons of erery nature on saia desctiDed poperty each and e~ery ~rhen d~e and payable accwd~n~ tu lar, betore they became del~aqueet. and to del?ver to the Morti~~ee oe w Sefore Al~rch tStA of e~cA year ~aa receip~s cvidencin~ the pa~ment ot all I~~rfelly ~mposed t~zes tor the preced~es e~lend~r ye~r; to ~ndemn~fy Ne Matsa~ee upon h~s dem~nd ~a all uaes, usessments artd chu~es tA~t may ~c •asessed upon th~s mort~s~e on Ue ~ndebtedness s•- - cured he~eDy, and ~aid by ~he mort{~{ee. ~~thout re~ard to any 1~+~ heretotore en~cted or here~fter to be enacted ~mpos~n~ ~~y~sent of _ the •+hole o~ anV ^art thertof upwe the Mm~~s~ee. ~ Idl To pay alt and s~n~ular ihe cos[s, char~es ~nd e~penses, ~ncl::.:in~ I~ryers' fees and ab~tr~ct costs reasonaEly ~ncurred rx p~~d at ~ •ny ume by tAe Mort~a~ee because of ehe fnlure on the part of the Mor~~a~or to perform, comD1Y +'~th and sb~de Ay t~ch and evety ~he - supulauons, a~reements. cond~honc and covenants ot es~d prom~ssaty note and th~a deed, or tiiAer, and every such'p~yment sh~ll be~r t~; intere~t (ram d~u ~t the r~te of ten UOS) per centum per :nnum. • ~ (c1 It (ur~her coven~nted •nd a{teed sy sud paues that ~n the e~ent ot a sw[ Dem~ ~nat~tuted to fereclose thu mort~~~e, the Rtort- ~ p~ee sA~ll be tnutled to ~pply •t any ~ime pendin~ such taeclosure su~t to the court hann~ junad~ci~on ~hereof tor tAe ~ppomtmem ot ~ rsee~~er of ~II and ~in~ular the m«t~~{ed property, ~nd ot ~11 rents, lncomes, ptofits, i~suti and revenues tAereo(, from rh~tsotvcr ~ourct denved; •nd Nereupon ~t ~e hereby ezpreulr coren~nted tad ~{reed N~t the Caurt ~hall fonh~~th ~ppo~nt sucA rece~ver w~U+ " the wu~l po+ers and dupes of rece~rer• m like c~ies; and •~~d •ppointment sh~ll be m~de by the court as a matter of atriet n~At to ~Ae Mart{~{ec. ~nd W~tRout reference ~o the ~dequ~cy a m~deqwcy of the r~lue ot the property hereby mort~a~ed, a ~o the solvency or ~niolvencY of ihe Mort~a{as or any otlier p~ny de(endant to such suii. The Mort~a{or Aereby ~pecdwally ~.~ive~ the r~~M ~o ob~ec~ ~o the •pPo~nte~ent of • rece~ver •s daes~id •nd hereAy e:pre~sly consents W~t •ucA •ppo~rttmee~ shall be m~de •a an ~dm~tted eQu~ty •nd u a~tter ol ~bsolutt nihl to the Mort~a~te and th~t tAe nme m~y be do:~t rithout notice to the Mort~~~or. (t) Jf faecloswe proceed~np should be ~nsututed ~{~mst the ptooettr covered by thu natt~~~e upon any other hen a cl~~m rAeMer alle{ed ~o be supeno~ or ~un~a to the Len of thu ieort~~~e, the Mo~t~~~ee may st Ais opt~on ~mmedutely upon ~nyutuuan ot such su~t = or durm~ tNe pendency tAercof decLre thu mor[~~~e •nd the indebtedneas secured hereby due ~nd p~y~Dle tatA~r~th and may ~t ~ts - opt~oe proceed to faeclo~e t6~s mat{~~e. ~ TA~t th~ Mw~p~a ~ill ktep all real snd personal property no~ or hett~fter encumbered by tht I~en ot tA~s ~noct{~~e insured as may ~ be reQuutd fran ua?t to tuse by the Mwt~a{ee ~p~nst loas by (ue, r~ndstora~ ~nd otAer haurds, uswluu ~nd con~m~eec~es for such ptriod• ~nd ta not le~s th~n •ucA ~naunu e~Y be r~puued by the Mort~~~ee •nd to paY promptly rhen due •11 prem~ums !w such ~nsur~nce. The ~mounts ot in~ur~nce reQu~red sy tbt Mort~~see sA~ll be the m~n~mum ~mounts tw rhuA s~~d ~nsur~nce sAsll be Wntten , •nd ~t sh~l1 se incumAtnt upon tAe Morya~or to oaint~~n iuch •ddiuon~l ~nsur~nce as m~y be necessuy to meet ~nd comply fully +~~th " •II co-inaunnce requutenents cont~med in ~~id po6eie~ to t6t ead th~t the said Mot~~~{ot ~s eot • ew~nsuror thereunder.tniur~nce sh~ll Se rntten by ~ coap~ny a coap~n~es ~pproved a des~~nated by the Morc~~~ee •nd •11 pol~c~es snd rene~als thereof sh~{1 be Ae1J by the Mai~a~ce. All deta~led des~an~uons by the Mort{~~p ~rh~eh ~re scccpted er the Mort{~~ee and al) yteements bctareen Mort{~~or _ and fNortt~{ee rel~un~ lo m~w~nce. nwr e~~stins a here~fter m~de. sh~ll be in •ntin~ ~nd sA~ll be • p~rt of thu mat~~~e •~reement (ully ~hou~h ae~ fath verb~tim hersm ~nd ahall {overn botA parhes Aertto and Me~r successors •nd assi~ns. No l~en upon iny of s~ld polic~e+ of msur~nce or upm ~ny ~efund wreturn prem~wn rh~ch ~.r ~ p.r.eie w+ ~n< <.n«u.~~w+ «~«~+~~,uo~ ~n«<or, sA~ll b~ ~iren ~u ~ther ~h~n the Mat~~~ee. e~cept br proper en6or~ement •((~aed lo such pol~cy ~nd ~Oproved Ey Atat~~~ee. Esch pol~cy of ° msur~nce ~h~ll h~ve a(fued ~tereto a Sund~rd Hew~ Ywk Mort~~~ee Cl~use +~~hout Contnbutron, aukin~ ill losa w losses under ~uch ''v ; pohcy p~y~Dle to the MortN~ee ss us ~nurest m~y ~ppe~r. In tht evant ~ny swn w suias ot mone3 eecome P~y~ble thereunder the Nort- ~~~ee sAa:! h~ve ~he opuon to rece~re and •pply tAe •~wt on ~etount of lhe mdebtedness hereby secured, or to permit the ~lort~sfnr - ~o receive and we ~t, or ~ny p~r1 thereo(, M~thout tAtrebr ~~ivin~ a in~O~~r~n~ sny eQuity, lien, o~ n~ht under and by r~rtue o( ihi~ q nwrt~a~t. In event of lo~• w phYS~c~I d~m~~e to the mat~s~ed property tAe Mort~s~or sh~il {~ve ~mnedute not~ce ~hereo( by rcail t~~ ~Ae Ma~p~ee and ~he Mori~a~ee may m~ke pruof ot los~ i( the same ~a not made promptly b~ [he Mort~a{a. In c~eni nf Iurc.I~~urc n1 _ . ~ ~o~i97 ~i3~~' ~ _ _ . _