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Home My WebLink About2195 PROVIDEtI. ALNAl'S. that the 41ort`a~or shall pay unta the ~1ort~a~ee the indebtedness evidenced by a certain prom~sso~y note ~+f which the follow•sn~ ~n words and f~~ures ~s a true copy to-w~~ i 2 oso . oo ~°~t9aqc 7~'etc . s ~ rt„m~, F~o~;d~ Novem er 7, t91L ~ ~ Fl1R ~~ALI~E RECFI~~Ep ~+1e 'ointly and severallv promue to pay~ ~ tu th~ ord~r o[ _ JOHN C. CD-- - ~ th~ principal .um of _~Q~t1Q~S[1C1 Flftv and no110Q------------- [X)I.LAR~, to~eth~~ w~th ~nt~rr~t th~rcun (rum dat~ at thr nt~ of trn perc~~t, pcr annum untii matunh~, both pnncipal and int~rest bring payabl~ in law[ul monc} uf th~ ( n~t~d ~tatr~ at '~'.'.~-1 Ri.ca~nr Bl~d.. ~liami. Florida, cx at such other place as the holders heerof may designate in wnC Prmcipal and ~nterc•t payable in ~nstallment~ as (ollows: ~ Fifty ($50.00) Dollars per mon~h, beginning on the lSth day of . , January, 1972, and continuing on the lSth day of each and every month thereafter until paid in full. Th~s note may be prepa~d ~n whule or ~n part after ane year from the date hereof upon paymeat of a penalty equ~valent t~~ five percent of the pnnc~pal sum prepaid. ~ F~ch ~n~tallm~nt paymrnt .hall be ~rrdit~d fint on th~ interest due, and the rcmainder on pnncipal: and interest shall th~•n•- ~ upon ~•ea..r upun the pnncipal .o crrdited. ;j The maken and rndonrn ~?f th~~ not~ further a~re~ to warve demand. notic~ of non-pavment and prot~st, and in th~ event wit ~ •h~tl br brought (or th~ collection hereot. or th~ am~ has to be eollected upon demand of an altorney, to pay rcasonable attornev~~ I frr. iu~ making such coll~ction. ~ I Drf~rred paymrnt~ h~reund~r .hall bear intrrrst at the rate of ten percent per annum from maturih• until paid. i 7'his not~ secund by a mortga~e of even date her~with and is to be construed and enforeed accordin{t to the (aws of ' e ( ~tat~ oi Elorida; upon drfault ~n the paymcnt of principd and/or interest when due, the Mrhde ~m of pnncipal and int~ I Kmaining unpaid ~hall, at the option of th~ holders, become imtnSaµc~iy a~~ .~a P.ya~~. I ~ • ~ ' (SEAL) ~ ~~-L2 - c~ J ~ L ~ , , (SEAL) Prepand by ~prkr 3 Trndnch, ~ttorney~ - 22~0 Bucayne Bl~d., Miami, Flarida i ~ ar~d shall perform. comply N~th and abide b~~ each and every tfie stipulation~, agreements, cond~uons and cove- s E nznts uf ~a~d promissory note and of this deed, then this deed and the estate the~sby created shall cease and be ~ oull and vo~d. ~ ~ 1. The Mott~agor hereby cuvenants and agr~es: t~l To pay all and sm~ul~r tAe pr~nc~p~l and mtcrest and other sums of money payable by v~rtue ot said prom~ssory nou ~nd th~s ; deed, a e~tAer, pomprly un the daya respecuvely tAe same se••erally becomes due. ~ (hl To perm~t, comen~t or sutfer no ~ra~te and to mamt~~n the ~mpro~ements at a11 umes iR a st~te of ~ood repart an6 cond~UOe. ~nd to ' do or permit to be done [o sud prem~ses noth~n~ tha: ~v~Il alter or cRaa~e the uae snd chancter of s~~d property os m•ny way ~mp~u a ~•t~ten thc secur~ty oi th~s mcxt~a~e. ind ~n csse nf tAe refusal, ne~lect w in~b~lity of the Mort~a~or to repau and maint~~n s~id ptoper- !y, the Mortpeee m~y, at h~s opt~on. make suc~ repa~rs or cause the s~me to be m~de, and advance moneys ~a th~t beA~ll. Icl To wr .~1 and ~~nsular the ta:cc, asaessments. le•'~es. I~~b~l~ues, ~nd obli~~uons of every n~ture on said described properiy e~c~ 3 and every ~hen dae snd p~yable accwd~nj ~o Isr, betae they become delinquent, and to dcl~ver to tAe ?lorttatee on or be(ore AAarcA ; 15tA o( e~ch year rece~pts ev~dencm~ the pa~men~ of ~It I~vr(uIIY ~mposed t~xes to* the precedm~ e~lend~r year, to ~ndemnify the - Mort~~~ee upon h~s dem~nd tor all taaes, assessments and ch~r~es that ma)' •ssesscd upon tli~s mort~ase on the indeetedne~s s•- cured Ae~eby, and ~a~d Dy the mort{~~ee, w~thcwt re~ard to ~ny l~~ heretofore enacted or here~tter to be enacted ~mpoi~n~ p~yment ot the whole or any ~ar~ thereof upcm the Mort~a~er. Id) 7o p~y ali and sin~ular the costs. chsr~ts anJ expenses, includ~n~ l~wyers' fets and ~b~tr~ct costs reasonably ~ncurred M p~~d at •n~ time by tAe Mwt~a{ee because of the f~~lure on the part of the Mortq~or to per(orm, comply ~~th and ab~de b~ uch and every the ~ supulai~ons, a{reements, cond~honc and covenants o( s~~d proenssory note and th~s deed, or e~tAer, ~nd e~ery such p~ymenl sA~tl beu =3 mterea~ tran d~te •t the nte ot ten UO?.1 per centum per annure~. :3 ~ It trr~her coven~nted ~nd •~reed by s~~d p~rues that ~n the event of • swt be~n~ uut~tu~ed ~o toreclosc this matp~e, the Mort- p~ec sR~ll be ent~tled to •pvly •t any t~aee pend~n~ such faeclosure su~t to the court h~v~n~ jur~sd~cuon eheteof !or the appomtment of ~ rece~ver of al! ~nd sin~ular the mwt~~~ed property, ~nd o( ~U rents, iacames, prof~ts, u~ues ~nd revenues tAereof, tros rh~tsoever ~ source denved. ~nd thereupon ~t ~c hereby e:preislr coven~n~ed aad a~reed t1~~t [he Court sh~ll (orthw~W ~Ppoint such rece~ver w~[h - the wwl po~rers and duhes ot recerven m like c~ses; ~nd •~id aPpomtment shall be m~de by the court u a m~tter o( striu ri~ht to the Alort~a~ec, and ~vi[hout reference ~o the adequ~cy a~o~deQu~cy of the v~lue of the property Aerebr matp~ed, a to tAe solvency ~a -~~n~olvency of the Matp~ns w sny other p~rty de(endant to such su~t. The Mortp~or hereby ~pec~hc~lly ~ru~es the r~~ht to ob~ect r: to tAe •ppo~nteent of • rcce~ver •s atoresud ~nd hereby eapreuly consents th~t iucA •ppomtment sMll be eude •s •n adm~ued eqwty - ~nd u~ m~tter of ~Dsolute n~ht to thc Atort~a~ee •nd th~t tAe •~me m~y be dme ~~thout nouce co the Mort~a~or. _ (f) Jf /wectosure proceedm~s should De inat~wted •p~nst tAe property covered by thu mort~~~e upoa any other I~en or clum whetAer alle~ed to be superior or ~ua~or to the hen of Na mortp~e, the Mort~a~ee maY at h~s ophon ~mmedutely upon msutut~on ot such su~t or dur~n{ the pendency Mereof decl~re ~A~s mo~t~~~e •nd the ~ndebtedneas secured hereby due •nd pay~sle tatA~~eh and msy ~t ~cs opt~on prxeed ~o (aeclwe tL~s maesa~e. Th~t the Matp~or .~11 keep s~i real •nd person~l properly no~ or Aereafur encumbered b~ the t~en of tls~s mor?~a~e insured as msy be rcQuued (raa ume to time by the Mr.t~a~ee apmst loss by (ue, r~nds~am ~nd otAe+ h~:ards, c~swlt~es ~nd conun~enc~es fw such per~od• and tor not le~• N~n suc6 •aaunt• as s~Y be reau~reE by the Monp~ee •nd to p~Y Dranptly when due ~II pcm~ums (or such ~niurance. The aa~ount~ of ~nsur~ace reQwred by tlu Morta~~ee sh~ll be the m~n~mum ~oounts (w vh~cA ssid ~nsurance shall be +r~tteo _ ~nd ~t sAall be mcwebent npon the w{ort~s{or to wint~m •uch ~dd~uood ~nsurance as m~y be necess~ry to mee[ ~nd comply tully with •11 co-~n~ur~nce requireieents con?~~ned in s~~d poLc~es to U~e ead th~t tht s~~d Mon~~~a is not • co-~nsuror tAereunder.lnwrance •h~ll be .r~ccen by ~ cospany or casp~a~e~ ~pprored or des~{n~ted by thc Mortsasee •nd ~11 policies and rene~~ls ehereo( sh~ll De helJ by the Mat~a~ee. All deta~led de:~~n~t~ons by the Mort~~~or ~rh~eh ue ~ccepted by tht hfo*t~~~ee ~nd sll aartements ectreee ?lort~~~or - and Alortsa~ee rol~t~n~ to m~w~nce, nor ei~stin~ or here~(ter madt, ih~ll be ~n vntm~ ~nd sh~ll be • p~rt of ch~a mat{a{e •~reement •s (uily u~Aou~h set taih verorrt~m herem •nd sh~U ~o~crn botA p~rties herc[o ~nd tAe~r successors •nd ~ss~~ns. No I~cn upon sny of :~~i ss~d pol~ne~ of msur~nce or upan •ny re(und o?return prem~iun rh~eh iuy be p~rible on the cancell~t~on or ~ermm~uon thereof, sh~11 br ~~vee ~v ~tAer sA~n ~hr Mxt~~{ec, eacept by proper endwsea~eet ~(t~aed to such poluy snd •ppro~ed by Ma~~~~ec. EacA pol~cy o( ~ _ ~nwr~nce ~A~11 h~vr •fi„ed ihereto • Sundud Ne. Yak Mortp~te il~~se ~~thoui Contnbut~on, m~k~n~ aIl Iosa or losses under ~uch Do~~~Y D~Y~ble ~o tAe Mw~p~ec as ~?s ~ntereit m~r ~ppe~r. Ie tht evMt ~ny •um ar aums of money Decome paysblc tAereunder thc ~1ort- _ ~s{ee sha:! h~ve t~e opt~on to rece~~~ and apply tAt s~me oa ~eeo~nt of the mdebtedness hereby secured, or to perm~t Me ~lo~t~a{m to rece~ve •nd use ~e, a~ny part thercof. ~r~thout tAtrebr ~~iv~n{ a ~mp~~nr?~ sny tqurtY. hen, o• n~ht under and by vu~uc of tEi~ = nwrt~asc. In evem of lo~~ or phys~c~l d~m~{e to iAe mort~a~eE property the Mort~~~a shell ~~~e ~mmcduu noucc thercol by rra~l c<~ tAr Mat~~{re •nd ~~r Moce~~~~e may m~ke p~oof of to~s tAe samt ~c not made promptly b~ the ~1or~~a{a. In r.~n~ n' !~~re,i~~~ure n! _ ' ~ R 197 2193 ~ Ep~~r F~GE ' _