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Home My WebLink About0871 PROVIDEII, ALw'AYS, that if the ~1ott~a~ot shall pay unto the ~brt~a~ee the ~ndcbtedness evidenced by a certain prom~ssory note of which the followin~ in worda and fi~u~as ~s a true copy to-v?~t. ~ i ~dN~~~L 1~4~G ° s 1,650.00 M;,,~;, F~«;d, December 11, ~9~ 71 ~~~K ~~e RE We, iointly and severally ~m~ ~~tP~~ ~ ~h~ ~d« E~EL ~~t4~ ~ th~ prinripal •um uf ORE ~housand Six Hundred Fltty Srid IIO/ lUU pp(,LARS, togeth~r with inirtr>l thrteun (rum dat~ at thr rate uf trn p~nent, per annum until maturity, both pri~cipal and inte~est being payable in law[ul monc~~ uf th~ l ~ited ~tate: at '3'~-3~ Bi•u-ayne Bhd.. ~tiami, Florida, ot at such othe~ place as the holdeta hereof may designate in writinK. Nrincipal and interect psyable in installments aa [ollows: Forty ($40.00) Dollars per month, beginning on the 15th day of February, 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 whoie or in part a[ter one yeat from the date hereo[ upon payment of a penalty equivalent i tu five percent o[ the pr~nc~pal sum prepaid. F.~ch installment payment ~hall be eredited fi~t on the intercat due, and the remainder on principal; and inter~t shd) thrrr- upon ceasr upon thr pnnripal ~~•rrdit~d. The maken and rndorsrn of thi~ not~ (urth~r a~ee to waive demand, notice of non-payment and protest, and in the event suit ~I~all br brought [ur th~ cullection hereu(, or th~ same has to be collected upon demand of an attorney, to pay reaeonable attorney's frr. lur making wch collection. U~(~~ed payment• hereunder shall bear interest at the nte o( ten percent per annum fmm maturity until paid. 7'his note is ~ecurcd by a mort{;a~e oi even date hercwith and is to be co~strued and enforeed according to the laws oi the ~tat~ of Flotida: upon drfault in thc payment uf principd and/or inte~est when due, tht whoie sum of principd and interes ~ rrmaining unpaid ~hall. at the option of the holde~s, become immtdiately due attd payable. . ~ t. : ~f c•~. (SEAL)- ' ~ v ' ~ ~ (SEAL) Prepued by ~pKler 8 Tendrich, Attomey~ - 2240 Bieuyne Bl~d.. Miami, FI ' - # 1 ar~d shall perform, comply w?th and ab~de by each and every the stipulations, agreements, cond~tions and cove- nents uf sa~d prom~ssory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. f 1. The Motlgegor hereby covenants and a~rees: ~ (a) To pay alt and srosulsr ~he pr~nc~pal and ~ntcres~ and other sums of money paY+ble by v~rtue of sa~d prom~asory note •nd tA~s ~ deed, a e~ther, pomptly on ~he days respectively the ssme severolly becomes due. " E Ibl To perm~t, co~reu or su((er no ~raste and ~o mam4m thc ~mprovements at all umea in a s~~te o( sood repau and cond~uon. and to ! do a perm~t to be done to s~~d prem~ses noth?n~ that .~~II alter or cAan~e the we and cA~r~cter of said property or ~n any Way ~mpa~r o~ ~rc~kee Ne secun~y of tMs mor~~~~e. .~nd in case o( ~he refusal, ne~lect or in~bil~ty ot tl~e Mort~~sor to repa~r and maint~~n said proper- ty, Me Ma~p~ee maY. h~s opt~oe, mate auch repa~rs or cause tAe same to be made, and advance moneys ~n ~h~t beA~l(. s lc) Ta paY atl and sm{ular tAe aacs. •ssessmenu. le~~es. IiaE~l~ties. and obliptions o( every n~ture on said desctibed p~operty each ~ and every ~hen d~e •nd paYa~le sccordin~ to la~. bef«e they became deLnquent, and to dcliver to the Alott~~~ee on a before March ~ IStA ot n~ch yrar ux rece~pts ev~deacin~ the payment o( all I~~fully ~mposed uaea for the pteeedin~ c~lendar yur, to indemn~ly the ~ ~ Mat~~~ee upon his dem~nd fw all taxes, asscs~ments ~nd chuies th~t may assessed upon tA~s mort~a~e on tAe indebtedness ~ cured Aeieby, snd pa~d Dy the mort~a~ee. ~~thou~ re~ard to any I~W heretofore en~cted a here~ttcr to be enacted ~mpos~n~ ~~yment of ~ tht rhole or any ~art tAereof upon the Mor~~a~ee. (dl To p~y all and e~n~ular ihe coses, char~es and expeases, includins I~wyers' fees and sb~tr~ct costs reasonably ~ncurred ar p~id st ~ f ~ny t~me by tAe Ma~ta~ee becausr ot the t~~lure on the part ot the Mort~ator to pertorm, comply .~~th and ab~de by e~ch and every the s st~pulauons, atree~nents, condrtions and covenants ot sa~d pranuaory note ~nd th~s deed, or e~~her, and e~•ery sucA~payment sAall be~r ~ mterut trom d~te ~t tAe r~te of ten (10'R) per centum per annum. ~ (el 1~ i• furthet coree~nted •nd a{reed py ~ud p~rues ~h~t in the event ot a swt bem~ m~t~wtcd to foreclose th~s mortp~e, the Mort- ~ ~~{ts aha11 be enUtled to ~pply ~t •ny time peodin~ such foreclosure suit to tse court d~rins jut~sdicuon Nereo( tor the •ppoin~sent p of ~ reec~~er ot all and sinsula~ ihe ieo.tt~{ed property, ~nd of ~11 reats, incomes. profits, ~isues ~nd ?e~enues tAereof, fras .h~tsoe~cr ~ aource denred; ~nd ehereupon it ic hereby expreislr covea~nted •od •~teed tA~t the Court ~h~ll (orth~ith ~Opoint such rcceiver ~~tA ~ the uswl porrers and duues of rcce~vers in like euu; aad •~~d appomtment sA~U be ~de by the court as a auttet ot strict ri~At to _ il+e Mat~~~ee, and r~thout ~eterence to the ~dequ~cy « ia.deQu.cr ot the v~lue of t6e propcrty hereby mott~a{ed, or to the solvency ,,y or ~n~ol~ency of tAe Mo~t~~~or• or any otAer puty detsnd~nt to s~ch suit. The Mo~t~a~or hereby ~peed~e~Ur w~ives tht n~ht to ob~et~ - to the •ppointsea~ of • rete~ver •s a(ats~~d ~nd hertby eapte~slr con~enu that iuth •ppomtment shall be m~de u an adm~tted cqu~ty •nd ~a a iestter of absolute n~ht to the Mort{~{ee aed th~t the ~~mt m~y be doae ~~tl+out notitc to the Mort~~~or. ~5 (f) Jf (oreclosure procecdin~s should be inst~tuted ~~~inst t!?e ptoperty covered by ta~s ~ort~~~e upon any otherlien or cl~~m whether - •Ile~ed to be supenor or ~unior ~o the Gen of this mort{~~c, the Mort~~~ee may at h~s oytion immed~~tNy upon ~nst~tut~on ot sucA su~t a dur~n~ the pendtncy t!?ereof decl~re tAu mat~~~e •nd the ~ndebtedness secured hereby due and p~yable la:hw~th and m~y at ~~s opUOe prxtea ~o faeclou tA~s matpse. Th~t the Mortp~or r~ll keep all real snd pcrson~l popertr no~r or here~fter encumbered by tAe l~en ot th~s mort~a{e ~nsured as msy pe reouired troa tnst to h~se by thc Mort~~{ee •~~mst loss blr fue, w~ndstam ~nd other h~zards, caswlues and contm~enc~es (or such : oer~od• •nd tor not les~ tA~n •u~h •awunt~ u waY bs requ?red by the Mortp{et ~nd to p~Y Vranptly rhen dut •~I prcmiwns (a sucA ; - ~niurance. The ~moYnt~ of in~uru~ce rea~ired br tAe AAort~~~ee sA~ll be tAe m~n~mum ~mounts (or rA~ch sud insur~nce shall be +~ntten •nd ~t shall be ~ncva~Aent upoa tht Mort~a=or to w~nt~in such ~dd~~~on~l ~nsuranct ss m~y be necess~ry to meet ~nd comply fully W~th •11 co-~niut~nct requirteents conu~ned in aud policie• to tMe sad th~t the s~~d Mlor~p~ot ~s not s cw~nsuror tAereunder.ln~ur~nce •h~ll be ~rr~tten br ~ cosp~ay or coop~n~es ~ppro~ed a des~~n~led by the Mor~~~ee •nd ~il policws snd rene+r~ls tAereo( sh~ll be he1J = br the MatN{ee. All detailed desi~n~t~ons br-tht Mort~s~a ~rAieh ~re •cceptsd by the Mori~~tee and sll ~reements eetreen AAort~~~or . snd Ma~~tee rcl~tinj to msur~nce, novr eiistin~ or herc~ftcr w~de, sh~ll be in ~r~iin~ ~nd sh~ll be • p~rt ot tA~s a~or~{~~c •~reemeni j - ~a tullr as thou~A se~ (ortA rerb~U~n herem and ih~ll ~o~ern both p~rt~es he~eto ~nd their successors •nd •ss~~ns: No 6en upon any of i~id pohc~es of ~nsunoce or upon •ny rc(und o~return prem~wn rhich m~r bt p~y~ble on the uncell~hon or termm~uon thereof, sh~ll - be a~vcn iu ~ther ~h~n the Mort~~{ce, e:cep~ by proper sndwsesent •(f~ied to such policy and ~pprored by Mort~~~ce. Esch pol~cy nf ~n~urance ~h~ll h~ve ~tf~~.ed ~hertto a Standud Ne~ Ywk Ma~~~~ee Cl~use ~~thout Conenbuuon, m~kin~ sll loss or losses under sucA pol~cy p~y~ple to tAe Mor~p~ee ~s ~ts ~nterut m~y ~pps~r. In the evsnt any swn ot sums o( money becane p~yable tAereundcr tAe ~1ort- p{ee sAa~! h~~e ~he opt~on to rece~vc •nd ~Ppty the ~~~st on ~eeornt of the indebtcdness hercby secured, or to pennu tAc ~1ort~afor r^-~ to rece~vs ~nd use ~t, or •ny part [Acreof, w~thout tAereby ~~ivin~ or in~pur~n~ any eQu~ty, liee, w n~ht under ;nd by vu~uc of th~~ - nwrt~~~e. In event ot lo~• a pl?YSic~) d~ma~e to tht mort~a{eE proptrty the Mort~~~a sh~ll {~ve iawed~~te notife therco( b> ma~l t' ~4ar~rt~ee +nd tAe Mort~~~ee may m~ke poo( ot locs if thc s~me ~a not made promptl' bi t~~a. la e~~c.1~~~wF R ~ - ~YMI~i~ . ~ • • _ . . _ . _ _ - . _ _ - - - ~ ~ . . . . . . . . . ~ s . _ ~