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Home My WebLink About2191 PROYIDEf1, AL.WAYS. tha~ ~f the \lortta~ot shall pay unto the \1ott~a~ae the ~ndeDtedness ev?denced by a certa~n pnxn~ssory note of which the folloMin~ ~n v?otds and fi~ures ~s a trut copy to-wit j _ _ ~r~~,,~ . S, 275 . 00 ~1~am~, Fio~d, November 27 , ~9 71 ~ ~oR ~ ~ 't~ _I ~ L.~ gd CLL2~~"S~DVE-- hi i~'~i~ ~iFg~ t ~u the order of > > ' ~V1 O~F~1 ' thr ptincipal <<,m or _ i~v_e ~housa~i~ ~'I~o Hundre Seventy-Five an ~~jj jLL:~R.~, togethrr witl~ ~ntrrr.~ thereun from date at thr ratr of ten pement. per annum until maturity, both principal and intrrest being pa~abie in law(ul mu~e~ of ~ th~ Unit~d ~tates at Biscati n~ Bl+d., 1liami, Florida, or at such other plact as the holders hereot may d:signate in writin~. R ~ Principa! and interest pa~•able in installments as follows: j 1 Eighty t$II0.00) Dollar~ per month, for sixty (f~0) censec~~*_ive months,s ~ ~ on the lSth dayo uf each and every month, beginning on the lSth day of ~ January, 1972, and continuing until the 1Sth day of January, 1977, at ~ which time the balance shall become due and payable. ~ This note may be prepaid in vvhole ot in part after one year from the datc hereof upon payment of a penalty equivalznt .o f~ve percent of the princ~pal sum prepaid. Each in~talimcnt pa~~mrnt ~f~all be crrditrd first on the interrst due, and the remainder on principal; and interr~t ~hall there- upon c~ase upon the ~~nnce~~al ~u errdited. The makero and rndonern ol thi: note furthrr ar,orrr to waive demand, notice of non-pa~•ment and protest, and in the ev~nt ~uit ,hall be brou~ht for thr collrctiun he~of, or the ,~mc has to be collected upon demand of an attorney, to pa}~ rea~onable attorne~ fer. for makin~ :uch cullectiun. " U~frnrd payments hereundrr :hall bear interest at the rate of ten percent per annum from maturih• unpl paid. This note r:ecured bv a mort~age of cven date herewith and is to t?e construed and enforced accordin~ to the laws of the ~ ~tate of Florida; upon clrfault in th~ pa~•mcnt of pnncipal a~d/or interest w~hen due, the whoie ~m of principa) and int~rr~t j remaining unpaid shaH, at th~ option of the holders, became irnme ~ te!} due and payable. ! ~ . f J ~ ~ / , l- -~-----!'z"--~ -"t. ~ 1-= (SEAt.) i ! ~ (SEAL) Pr~pued by ~prler 8 T~ndrich_ Attorneys - 224Q Biscayne Blyd.. ~liami Florids ~ ~ ar~J shait perform, comply ~~th and abide by each and evety the stipulat~ons, agreements, cond~tions and cove- ; nants u[ sa~d prom~~sory note and ot th~s deed, then this doed and the estate thereby created shell cease and be i nul! and void. f 1. The Mort~agor hereby cuvenants and agrees: (a1 To pay alt and ~~n~ui~r tne pc~nc~p~l and ~neerest ar.d other sums ot moneY D~Y~ble by v~rwe ot sa~d prom~ssory not~ and th~s dccd, or either, pomp~ly on the days respechvel~ the ssme se~erally becomes due. (hl To perm~t, camm~c a suffer no ra,u r?d to ma~nu~n thc impro~~ements at all t~mea m a s~au ot =ood repa~r and cond~uon, and to do or perre~~ to br done to sa~d prem~ses noth~n~ tAa[ v~ill aiter or cAan{e tht we •nd cA~r~cter of s~~d property or in any ray ~mpa~? a rukee the secure~y ot ~Ais mc~r~=~ir. ~nd in c~sc of ehe retusal, ne~lett or tMbtlity ot tl+e Mortsa~or to repzv and munu~n sud proper- ty, :he Ma~~aEee ma~, at h~s optton, make auch repaus or cause the same to be made, snd advance moneys ~n tAu beh~l(_ li) To pay all and ~~n~ul~r [Me ~anes, usessmen~s, le•~es. l~ab~l~ties, and obhpaons o( every nawre on said described property each and every vAen d~e and payable accord~n~ to tsw, beforc they become delinquent, and to deGrer to the Mort~aate on or be(ae MarcA ISth of e~ch year ~aa rect~p~s ev~dencln~ the pa>ment of •II I~rtully ~mposed tt:es tor ~he preced~a~ c~lerWar yur, to lndemmfy Ue Mat~a~ec upon h~s demand f« ali uaes, •ssts~ments •nd chu~es tA~t ieay aasessed upon th~s mort~a~e on the indtbtedness s•- ~ cured he~eby, and pa~d ~y tAe ma[~a~ee, tetAoui redard ~o aey 1ar Auetofore en~cted or hereafter [o be enacted ~mpoams !?~yraent of the +Aole or any ~srt thereof upun tht MortRa{et. (dl To pay ali aod ~~n~ular ~he coses, cAsr~es anJ expensea, mclud~n~ I~ry~rs' fees and•abatnct costs rusonably ~ncurred n? pud ir any t~me Av tAe Mort~a~ee because of the f~~lute on the part of the Mort{a~or to perfwm, comply w~~th and ab~de by eacA tnd every ~he I s~~pulauon~, s~reenuents, condit~ona and covenants ot sud proauaory note and th~s dted, or eitAer, snd t.ery such~payment sha11 be~r i ~n[erut trwn d~te st the r~te of ten UO7~) per centum per annuen. (e1 It u fur~Aer coveo~ated ~nd ~{reed Dy •ud paruts thst ~n the event o( a suit be~n= uuituuted to toreclose th~s mortp~e, the Mat- p~ee sAall be eet~Ned eo ~pply ~t ~ny ume peed~n~ tuch /oretlosure suit to tAe coun harms jm~sdicuon thereot (w Me appo~nueent ~ o( ~ recaver o! ~11 and sin~ular ~hc ~~~~~cd property, ~nd ot ~11 rents, mcoarcs, prof~ts, usues ~nd revenuea thereol, from ~~hataoever source denved: ~nd ihcreupoe ~t ~c Aereby tapreislr corenanted •ad ~{reed th~t the Court sh~ll fottA,riN ~ppoint sucA rece~ver v~tA cAe ~swl pm~erc arM duue~ of reccireu m like cuu; and u~d ~ypo~ntment shall be m~de by the court ~s a m~ttet ot stritt n{!~t to the Mort~a~ee, ~nd r~tAout reference to the sdeQu~cy or ~padeQu~cy of the v~1ue of tAe proper?y hereby matsa~ed. or to the solvency ' or iniolvency ot she Mwi~~~ws or ~ny other p~riy de(e~d~nt [o aucA su~[. The Rfort~a{or hereby spcc~hc~Uy r~ivrs the n~ht ~o oD~eci ! io tAe aopoiatsmnt ot a tece~rer •s atores~~d •nd hereby t:pre~sly conscnu tAat •ucA ~ppointment sh~ll be made •s ~n admrtted cQu~ty : •nd a iaatter of ~bsolute ri~ht to the Matp~ee ~nd that tAe iaee m~y bt do~e r~[hout notict to the Mort~ajor. (f) Jf twectosure proceedin~s should be ~na~~euted a~~inst the property corered by th~a mort~a~e upon any other lien w cla~m whe~Aer ~(le~ed co be supenot or ~un~or to the iien of th~s mortp~e. tAe l~lort~~~ee maY at his ophon immed~stely upon ~nsutuuon ot such su~t or dur~n~ Ne pcndency thereo! declare th~s mort~~jc •nd the ~ndebtedneas sec~red Aereby due ~nd p~y~ble IortAv~ch and m~y at ~~s option proceeA to foreclo~e tAu ono~t~a~e. TA~t the Mor~p~or vill keep all real ~nd pcrsonal property nor a hereafter encumbered by iAe i~en of tAis mort~a{e ~nsured as may be requutd lrow ~~iue to t~mt Sy ~ht Mort~~~et isainss loss by t~te, K•~ndstaia ~nd other hat~rds, caswlues ~nd coehn~enc~es for such per~od~ •nd tor ewt les• tl~~n ~u~h •nount~ ti yY be requ~red br tAe AAort~a~te and to p~Y pranptly ~rAen duc ~It prebiwns (a such ~niar~nce. TAe unounts of ~n~ur~ace reQuueA by che Alort~~~ec sA~ll be tAe m?nimum •mounts far rh~ch s~id roswance sAall be Wntten aeid it shill be ineusbent ~pon U~e Mort~~aor to munt~~n such ~dd~uoei~l maarance as m~y pe necess~ry to meet snd comply (ully .~th ~11 co.~nwraece teqwrueents cont~~ncd in s~id po6c~e~ to t6e eod th~t the sa~d Mat~~~or ~s not a co-~n~u~a ~hereunde~.Insunnce •h~11 be .ritten Ay ~ co~p~ny or co~p~nus ~Pprored or des~~n~ted by th~ Mort~~see ~nd all pol~c~es aad renerais thereot sA~ll be AeIJ ~y the lUatp~te. J111 detailed dcs~~n~~~ons by the Man~ator wA~cA ~re ~ccepted by the Mort~~~ee and all t~retwents betreen Mort~~~or and I~Aar~~~ee rel~t~n~ to ~n~w~nce, no. eaistin~ or Aere~(ier a~de, sA~ll be ~fl ~Tltlp~ •nd shsll pe ~ p~n of ~h~s enort~~~e ~~reemen~ •a fullr •s eAou~h ~e~ Iw[h verb~t~m here~n •nd ihall ~ore~n botA par>>es here[o and the~r s~ccessors ~nd ~sa~ans. No I~en upon ~ny of s~id pol~c~es of ~nsu~~nce or upon any refund o?return prem~ua~ rA~ch A•r be p~rable a? tAe c~ncell~iion or urm.e~~~on ~hereot, sA~11 be ~~ven iu .rtAer ~han ~Ae A~lott~~~ee, t:cept sy prop~r endorsenunt ~fftaed to sucA po(~cy •nd ~pproved by Ma[~~~ee. Each pol~cy n! iniurance sA~II have a(fi.ed ~hereto i S[andud Ne. Yak Mottj~~ee Cl~uae +~~thou[ Coatnbuiioti, msk~n~ all losa a losses under ~uch Do~~~r O~Y~ble to the Mortp~ec ~s ~ts in~erest m~y ~~eu. In tht t~snt ~ey sue~ or sums ot money Decome p~ysble ~hertunder the ~1ort- ~a{ee sh~;; hove ihe op~~on ~n rece~re snd •pD~Y •~4t oe ~ceouet of tAe inQeOtedness hereAy secured, or to perm~t ~Ae ~Inrt~a~nt w recnve •nd ~se rt, pr ~ny p~r~ tAereof, r~thout Utrebr •~ivm~ a unpurin~ any tQu~ty, hen, o• n~ht under and by vu[ue of cAn mat~a~e_ In event o( lo~s or phys~c~l d~ma~e ~o ?he matsa{eE proper~y the Mort~~{or sh~U pve ~mned~~te not~ce ~hercof by ~-a~1 s~~ L:w~jt~ee.and che btort~~~te eniY m~te proof of :oc~ ~f 2he same ic not rnadr ran tly by the lfortja~a. !n e.en~ ~d '.,,r~.l~~ure nt BGGI~ 1~7 / FdCE~1,~ • .