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Home My WebLink About2443 15. 1( anT of the sums o( monep herein refer~ed to be mt pmmptly aod lulb ~aid ~ritluR ~ dar ae:t a(ter the s~me sererallY come due and pa7abla or it each and etery tl~e stipulatioos. a~reN~e~tir eoaditiQM aqd corenaaq oi ~aid promis~ sory note aad chu deed, or citber. ~re not dul~ perfonned. complied with ~hd ~bided b~. ths a~c~te sum ~?tiooed In Mid proa,ia~ory note then ranainin~ unpaid. with iatere~t ~ccrued to thu time. and dl moacp secund bereb~. ~haU becoa~e due and payable torthxith, or t6ereafter, at tbe optioa ot wid Mat~ee, a tull~ and completdr u it all ot tbe said sums oi money xere oriaiaall~ stipulated to be paid oa wcl~ da~, an~thin~ in ~aid aote or ia thia mort~a`e to t6e ooe?tnry Aotwitbuaad- in6: and thereupoa or thercJte~. at the option oE ~aid Mat~. wit6out notice or demand. suit u lar ot iu equitr sq be pro? e~cuted as if ~ll moneps secuecd 6ereb7 had matured priar to ita institution. 16. Mortsaaor will e~ibit to Mort~ajee wTittea receipts establis6in6 paYme~t ot •~r sums erau~red w be paid noder aar superar mortgage or ~othe~ liea oblisatiaa, oo }~tar t6~n five (S) dap prior to t6e time that accelcration oi snc~ wperior m~e or lien could be declared for aon•papmmt therroi. . 17. 71~e abatrut of titk cocerina the eneumbered pmpert~ s1uU belona to aad renaain ia the pw~ewon of t~e Mortsasee ~ durin~ the lita of this Mortgage. 18. That it u tLe intu?t 6areot to secws pa~ot of uid note aad obli6ation ~+het6er tbe entice amount shall 6a~e beea ~ ~dranced to the Mortgaaor at t6e date hereot. or at a later dat~. aad to secnre aa) other amoaat or amounts that may be added to the mort6aae UIdCb[fdllt~ tt0~0! L~IC IEIIIIf OF I~113 IAlIiYmGlf. YbQ total amount of indebtedaar ~een~sd 6e:rb) aa~ de- crease or increase fran time to time, bnt t6e total nnpaid bal~nce a~ecured at aay oae time s6a11 eot e=eeed tbe principal wm of : 74, 550 . , plus intereat t6ereon and aar di~baiscmenb made for tbe pa7ment of ta:es. leriac or inwraace oa the propert~ corered b~ tbe lien of this a~ortsa`e. wit6 iaterat tLereoa: and tL'n mo:tsaae shall ~ecure ? anj and aU additand or in~ ma?ie~ w6ic6 ma~ be advanad bT Mortsaaee to tbe Mortaa~or after the due bersof, wLich s future ad.•ance~ of money, ii made. a6all be evidaiced b~ a note or nota e:ernted b~ tLe Mort6asor to tbe Moitaasee bearie~ i such rate of interat and ~?it6 sac6 materitia as shaU be detamieed fro+s time to time. bnt an~ and all ~uch fntnre adranees ( xcured b~ this mactsa6e shall 6e made not mone than tan (10) ~rus ahet tbe date heceof. Nothins haein ooataiaed shatl be dcemed aa obliptioa oa the part ai t6e Mort~et ~o make u7 tatnre ~draeces. l9. T6at in tbe e~eat tLe premisa bereb~ mortpaed, or anr paet t6ereoi, ~all be coademned aad ukm for public uee under t},e pov?er oi eminent domain. tbe Morts~ee aball Lare the r~i66t w dee~and that all dama~es ar?arded for the t~ina of or dama~es to +sid pnmises ahall be paid to t~ Mortga~ee, ib sncc~aots or ~si~ns. ap to tha ~moant t6en mpaid on this € mort6ase and may be applied apon tLe pa~neat ar papmmt~ Iaat pa~abk thueon. ! 20. 71~e Mort~or a6aU. ~rithia fire (5) da~s froa ~rriuea dc~and bp t6e Mortsaeee. ~ecnte is uc6 fo~a as shdl ' t,e required by the Mortaaaee, an estoppd oe~tificate aad rnirrr of defa~xs. dn17 acknowled6ed, ~ to~th t6e monnt of principal and intectst nnpaid 6ueunder and ihe ~rnenl stuus oi said mort~ase, and tbe failnre of tbe b[ort~or to salce and deli.•er e~id atoppd eertificate aad wai~et of defemes ~?it6ie the time Jasaaid s6a11 consticute a de[anlt and a bre~eh of tAis mortaaae aed shall eatitled thc lalder 6eriwt W declate all of t6e nepaid principal b~lance immed'utd~' dne and pqabk. 2l. It is sperifically aareed thu time is o! t6e erseace of thu ooetract aed t6~t no wai~er of a~r obliption baeseder or oS the obligatioa secured hereby shall at an~ time thereaftex be hdd to be a wai~ar of tbe ttrms 6eteoi ar of ihe is~vmmt secured hereb7. 22. it es understood and aareed thu the Matgaaec may ac an~ cime, wit6ouc noeice to an~ penoe. ~rant to tbe Moetsaaor any modifiution o( any kind or naturc whatweaer, or allow aay cbanae or chan~es. substitatiea ot sob~titnt'ans ot an~ of tbe property described in this mortaage or aap other eollatenl ~Lic6 ma~ be beld bT t6e Mortgasee xit6ont in an~ m~nner afiect- ing the liabilit~ oi the !Hortaagor. any endorsers of tbe indebtednms 6ereb~ secmnd or an~ other pe:son !or tbe paJmeot of ~aid indebtedaestc, toget6er xith inteRrst and an~ othrr auens ~rhich maj be dae and pa7abk to the Mortpaet, and also withoat in an~ maaner a(fecting or impairias t6e lien of this mortgase upon the remainder of tLe propertT and other oollataal rrbicL is not changed or suGatituted: and it u dso undcretood aad agresd that the Mort;aaee maT at ~ey tim~ wit6ont notice tn ~n~ per- ~ soa. relwe an~ portion of t6e propetty described 'm tbiw mort;a6e or an~ ot6a oollateral, ot tap portan of ae~ otbtz ool- Isterat which ma~ be 6cld as secnrit~ for tLe papmmt of the indebtednees Lueb~ secar~d. ~ witb or wit6out ao~ conriden- ~ tion for suc6 relea.4e or releasea, rrit}wnt in an~ manner afleetin6 the liabiliry of tLe Mort;aaur. all mdotsers. it any. and dl ~ other persaos w6o are or shall be liabk [or the paTmeat of said indebtedaeas. ~d withoat affeetiss. di~tarbins a~ iapairin6 io anp manner Nhat4oerer the ~alidit~ and prioriq oi thc liea of this mo~t6a~c for tbe fnll amonet o~ tbe iedebtednas r~ainin~ ; unpaid, toaet6er ~?ith all interest and advances whie6 shall become pa7able. npon the eat~e remainda~ ot the matt~ed P*o~ 't ertp which i4 nnrdessed, and without in an7 manner dfectins or impairin6 to an~ ea~teat wbatwe~rr an~ aad all otM~ oollateral securitp Khicb may be 6eid by tbe Mott;a6ec. It is distinetly anderstood and aareed b~ tLe Il~ortp~or aad tAe Mortsasee tbat ; any releax or releases maj be aade b~ the Mo~ee .richout the ooaaat or appeo+.l of m7r other peaou or pasoes rrLomso- g f~Gi. - 23. The co~nplete naane of the mortgagee herein is "BERNA.RD WOLFSON, : as attorney for Joseph Levine, David M. Siff, Marcia Simon, George W. i s Falk and the Estate of Myron P. Falk, and CITY NATIONAL BANK OF MIAMI, ~ as guardian of Joseph Laurans". ~ ~ ~ ~ h ~ ~ ~ 't ~ ~ >:F I~ a'IT1E,~S Q7iEREOF. the !liortgagor on the da~ and ~ear fent abm•e Mritten, hu e:ecuted tLex praenb mder ieal; if, when and i a corporation, by and through its dvlq authoriud oifirers, a~ the act and dced of the corporation. ~r6ase nama appear hereund~r. I (:orporau Seal r ^ ' Arresr : _ _ ~.Sz~ _ _ ( Seal ) ' - _ - - - C arence Eng~e ~ ~ Sisned. d, r~ and d~~jed in ~ht p~esence o/c (Seal) 4 ~ ~l ' / r~f t sa~ ~ _ _ - _ - - - _ _ _ - - - _ _ _ _ _ - ~ ~ ~ ~ _ _ _ _ _ _ _ _ _ . - - _ .-----cs~~ _ : _ _ _ _ _ _ _ _ _ . _ _ - . , . ~s~~ ~ . . ' = ' _ -----._~s~~ _y _ _ . _ _ - - - - _ . _ . _ - _ ~hia instr~ent prag>ared bv; - Bernard Wolfaon, Attornev _ Z099 Pbace de Le~n B'~vd. ~0~~„~ Colal Gables, Florids t7 P~E~~~ . _ . _ _ . . -