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Home My WebLink About1418 PROVIDEn, ALNAYS. that if the N~t~a~o~ shail pay unta the Nort~a`ee the ~ndebtedness ev~denced by a certa~n p~om~sso~y note of which the (ollowin~ in words and fi~urrs ~s a true copy tawit December 18, 19 71 S 5, 350 .00 Aiiami, Florida FOR YALI'E RECEI~'ED We, Jointlv and Severally promise to pa~~ to thc order oE MORRIS BERGSTEIN AND MIRIAM BERGSTEIN HIS W E ~ ~the principal sum of Five ousan ree un re i y an no ~~~ether with intlre~~ ~hercun from datc at the rate o[ ten percent, per annum until matunty, both principal and interc~t beiog payabte in la..ful monel• uf ~lie United ~Utes at Bi~cayne Bhd., 1liami, Florida, or at such other place as the holder~ hereof may designate in wnting. Principal and intere:t payable in instatlments ~ follows: ~ One Hundred Thirty ($130.00) Dollars per month, beginning on the ~Sth day of February, 1972, and continuing on the 15th day of each and every month thereafter until paid in full. This note may be prepaid in whole or in part aftet one year from the date hereof upon payment of a penalty equivalent to five percent of the princ~pal sum prepaid. Each installment pa~ ment ~hall be credited fint on th~ interest due, a~d the remainder on principal; and interr~t shall them- upon ceice upon the principal w c~edited_ • The maken and endoner~ of this not~ furthe~ agree to waive demand. notice of non-Pavment and prote~t, and in 1h~ e~~~nt ~ it .hail be brought for the collection herro[, or ihe .am~ has to be collected upon demand oi an attorney, to pay re~~onable atlome fee. for making such coll~ction. ! ~ Deferred payments hercunder ~hall bear inierest at the rate ot ten perc~nt per annum from maturity undl paid. This note ~ secured bv a mort~age of ecen date herewith and is to be construed and enforced accordin~ to the (aws of the ~tate of Florida: upon drfault in th~ pa~•ment of principal andlor inter~t when due, the whole ~m o[ principal and inten:t rcmaining unpaid ~hall. at the option of the holders, become immediatel~ due and payable. , Wit ss as to ~~ark of QuilZev McMick~ His ~ Mark ~~EaLj ~ u~ ey c e s ~ - . - - L _ ~ (~EaL) Pre y. p~e ~r ~ rn nc , ttorneys iseayne Y.. ~tumi, Fldrid ~SEAI,~ r C ar~J shall perform. comply w~th and ab~de by each and every the stipulations, agreements, co~ditions and cove- nants of sa~d ptom~ssoty note and of this deed, then th~s decd and the estate thereby created shall cease and be null and vo~d. 1. The Mort`a~or hereby cuvenants and a~rees: I` (al To pay all and s~n~ultr the pr~nupal and mterest a~d otAer sums of money payable by vuWe of sa~d prom~ssory note and this ~ deed. w e~ther, pomp~ly on the daYs respect~velY ~Ae s~me se~erally Eecomes due_ Ihl To perm~t, ca+im~i a sutfer no ~~ate a~d to ma~nt~~n ~he ~mpcovements •t •U t~a~ea ~n a st~~e ot ~ood repa~r and cond~t~on, and to do w pene~t to be done to s~~d prem~ses noth~n~ chat .~~Il alter or cAan~e the we ~nd ch~r~cter of sud p~oper~y or ~n ~ny ~v~y ~spsu a re~ken [Ae secun~y of th~s mexi~a~e. ~nd ~n case ot tAe retusal, ne~leet or ~n~b~lity o( the Mort~a~or to repair and munt~in s~~d proper- - ty, ~Ae Mor~~s~ee ma>, at h~c op~ion, mskt such tepa~rs or caust tht samt to be madt, and adva~ce moneys ~n that bel+~lf. ` lcl To D~Y •nd ~in~ufar the tuec, sssessmems, le~us. lup~l~t~es, and oblipuons of every n~ture on sa~d desenbed property eacl+ and everr vArn due •nd paysble sccad~e4 ta la~, befae they becane del~nQuent, and to del~~er to the Morti~~ee on or be(ore IiAareh ~ IS~~ oi c~ch year us recc~p[s ev~deecm~ the p~yment o( ~li lavfullr ~mposed tues tor the preced~oa ulendu ye~r, to ~ndema~(y the Mar~a~~ee ~pon h~s demand all taaes, asscssments and ch~r~es th~t may asscssed upon th~s mort~a{e on the ~ndebtedne~s s•- ~ cured haeby, and pa~d Dy the mort~~~ee, ~itAout re~ard to any 1~~ heretofore en~eted a Aereafter [o be enacted imposm~ ~ayrsent of tAe +.Aole ot an~• ~art thcreof upon the Mon~a~ee. € t; (dl To p~y sll snd s~n~ular ~he cos~s, chsr~es and ezpenaes, ~nclud~n~ I~~ryers' (ees snd abatrset costs reasonaDly ~ncurred r+r p~~d at ~ •ny ~ime by tAe Mat~a~ce because of :he t~~lure on tAe p~rt of the Mort~a{or to perfam, comply r~~[h and ab~de by e~cA and every ~he ~ st~putauons, a~reements, cond~aons and corenants ot sud prae~ssory nott and th~s deed, or e~~her, and every sucA~paynient sAill beu ~ ~ntere~~ fraa date •t thc rate of ten (10'L) per centum pet annum. ~ (e) It u further eoren~nttd ~nd a{reed by •~~d part~es tLat ~n the event ot a su~t bem~ ~eue~~tuted to foreclose thu mort~a~e. ~he Ma~- ~ p~ee sAall be eeut{ed to ~pply •t any t~me peedin~ such faeclosure suit to tbe court h~nns juriid~cuon U?ereof for the •ppo~ntmem of a reee~•er of all and sin~ul~r ehc ~~s~~ed propertY. ~nd of ~11 rents, incoaes, pco(its, i~~uts •nd revenue• thertot, from ~h~tsoever ~i aource denved. ~nd tHereupoe ii ~s Aerebr eapresslr covenaneed •ad ~~reed thn tbe Court sA~ll (orii~.iiu :ppoint such rece~ver ruh ~ the ~su~l po+rers and duUer of rece~vera in lite c~ses: aed •~~d appo~ntment ahall be m~de by the court si • nNtter of stnc~ n~!?t to 2 ~he Mat{~{te. ~nd W~tAout reference to the ~dequacy or ~e~de~uur ot tAe •alue ot t6e property herebr mat~~{td, or to the solvcncy or ~e~olrency o! iAe Mortas~ws or ~ny othcr party detend~nt to iucA su~t. '11u Mort~~~or heteby ~pec~fic~llr .~ivea the n~At io oD~ect eo tAe •ppo~atRCa~ of • rsce~vtr ~s aforeaa~d •nd hereby eaprt~slr consenia th~~ sueA ~ppointment sh~ll be wde •s an adm~ued eauuy •nd ~ ~uuer o( absolute n~Lt to thc Mat~a~ee snd th~t tAe ~~~e iur be do:~e ~~tliout not~ce to the Mut~~~or. '3 (f ) Jf faeclosure proceed~e~s should be msututed t~unst t6e propetty covered by th~a mortp~e upoo any other lien a cla~m +~hether ~Ile~ed to Se supenor a~ua~w to tAe lun of thu n?wt~~~e, the Alor4~L« ~Y ~i his opt~on immedutely upon ~nst~wuon of such su~t a dur~n~ tAe pendency thereo! decl~re th~s mort~~~e •nd the ~ndebtedneas secured hereby due and pay~Ale (ath~~ih •nd m~y ~t ~~s opt~on p~octed ~o (aeclwe tb~s mort~~~t. . Th~t the Alort~~or .~11 keep all resl ~nd personal propertr no~ or hereafter encumbered Ay tAe lun o( th~s aort~a~e ~nsured as may be requ~red fraa ame to ~~me by Ne Mwt~a~ee ~{~mst loss br (~re, windstorm ~nd other h~:ards, uswlt~es ~nd conun~enc~es for such - pcr~od• •nd ~or not les~ tlun •ucA •eaunts u yY be requutd by the Mort~~{ee •nd to psY W~+ptlr ~Aen d~e •11 prem~ums fa sucA ~nsur~nce. The aa~ounu ot ~n~ur~ece reQwrtd by the Mort{~Lee sA~ll be tde m?n~mwa •~ouets (or ~h~ch s~~d ~nsur~nce sAal! be ~rr~uen = ~nd ~l •hatl be incu~sbtnt upw~ the hiort~~aor to w~ntua such •dd~uon~l ~asrt~nce u may be necessuy to mett ~nd comply fully w~th atl co-~n~ur~nce reou~rt~ents cont~~aed in s~~d pol~cies to tAt tod th~t the s~~d Mart~~{a is not ~ co-~ni~ror tdereunder.lniui~nce - ~h~ll pe ~ntte~ br ~ toswer a cosp~ous •ppcoved a Oes~{n~~ed by tAt More~a~te •nd ~11 pol~cies snd rene.als thereof sA~ll be held by the hla~{s~ee. All detailed des~~n~UOns by the Nort~~~a rh~eh ue ~ccepte0 br tAe Mort~~~ce ~ad all a~reements be~.een ~lort~a~or = and ~lortaa~ee rel~~~ns to ~n~ur~nce. nor e:~stins on c~rc~fter w~dc. sh~ll bt in ~r~t~a~ ~nd shall be ~ put of this a~o~~~a~e ~~reemcnt u(u11r thoush ut (at~ •erpat~s Aere~n ~nd sh~U ~overn AotA p~rues here[o ~nd the~r successors and ~ss~~ns. No iicn upon ~ny oi a~i0 pol~c~es of ms~rance or upm •ny refrnd o?retntn prem~ua ~h~ch say be psy~ble on the uncell~uon a!erm~n~uon thertof, sh~ll be ~~ven ~o othcr rhan thc Morqa{ec. ~.~s~ er r~ore~ enduseACnt ~ft~aed to ~uch poluY ~~?d ~VOroved by Mort~~~ee. Each pohcy of ~narr~nce ~h~tl h~~e •tfi.ed shereto ~ Sundud Ne~ Ywk Mort~~~ee Clsrse ~~thout ContnbuUOn, mak~n~ sll lo~s or losses under ~uch `c:~i Oo~icY O~Y~blt to thc AAatp~ec as its ~etere~t m~y •QOt~r. Ip tht erspt ~ay sum ot sums of enoney becane p~yable ~Aereunder the Nort- _ ~a~ee sna:: h~ve iAe ope~an to rece~re and •Pply tke •~we oe ~eeoYnt of tht ~ndeptedness bereby securcd, w to perm~t tAe ~1ort~aE~r ~ to rece~vt and ust ~t. or •ny part thcrtof, r~thout tAtteby ~aiv~n~ or iniPunn~ any tQu~tY. I~en, m n~At under and ~y ruwe of tA~~ ;i~ nwrt~ase. In event of lo~• w pAyi~c~l d~maat to ihe mort~~{eE properly 1hc Mort~~~or shall {~ve imn~ed~~~ noti~e thereof by rrs~l t~~ tAc btw~~~~ee •nd the AAort~~{ee m~y m~te proo( o( Ios~ iAc s~mt is not made promptly b~ tAe ~1at~s{or. In t.cn~ n! tort.t~~urt ~i _ a~~KigB ~~f1416 _ - _ _ _ _ . _ s _ -