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Home My WebLink About1677 PROVIDEn, ALw'AYS. that if the \1ort~a~ot shall pay unto the 1~1ort~a~ee the ?ndebtedness evidenced by a certa~n p~om~ssory note o[ wh~ch the followie~ in words aad fi~ures is a true copy twM~t ~d ~~~~L s.~,.125.00 M;,~,;, F~a;.~~ December 30, 1q71 FUR V aLUE RECFIVED I promi.~e to pay to theorderof L~?WRENCE ROGOVIN AND ELAINE G. ROGOVIN the p~ncipai ~,m oi Five Thousand N ine Hundred Twenty- f ive an LL together with i~terest theteon from date at the ~ate of ten perceot, p~r annum until maturity, both principal and interest being pa}able in lawtul mone~~ u( i the United ~tates at 2~~ Bucayne 81vd., \liami, Florida, or at such other place as the holders hereof may desig~ate in writing. i Principd and intere3t payab~e in installments as follows: One Hundred Twenty-five ($125.00) Dollars per month, beginning on the 15th day of February, 1972, and continuing on the 15th day of each and every month thereafter until paid in full. Thie note may be prepaid in whole or in part after one year from the date hereof upon paymcnt of a penalty equivalent to five percent of the principal sum prepaid. Each instaliment payment shall be credited first on the interest due, and the remainder on principal: and interest shall thcre- upon cease upon the principal ~o credited. The maken and endorsers of this note [urther a~ree to waive demand, notice of non-pa~ ment and protest, and in the eveni ~uit rhall be brought for the collrction hereo[, or the same has to be coQected upo~ demand of an attomey, to pay reasonable attome 's tee, for making such coflection. ' peferred payments hereunder shall bear interest at the rate of ten perce~t per annum from maturity until paid. I This note is r.ecured by a mortgage o[ even date hcrewith and is to be construed and enforced accordir?g to the laws of t. State of Florida; upon drfault in the pa~m~nt of principal and/or interest when due, the whole wm oE principal and interest ~ remsining unpaid ~hall, at the opti~n of the holders, become immediately due and payable. • ~r' ~(SEAL) ~ ~ f / ~ ~ (SEAL) Pnp~red by Spieler & Trndrieh. Attornrys - 224U BixaYne Bl~d•• ~liami, Flarida ar~d shall petform, comply with and abide by each and every the stiputations, agreements. conditions and cove- nar?ts uf sa~d prom~ssory note and of this deed, then thia deed and the estate thereby created shall cease and be ; null and void. ~ 1. The Mott~agor hereby covenants and agrees: ~ (a) To pay all and s~nWl~r t~e Or~^uM~ ~nd ~nterest and other swes ot monty paYable by virwe of sa~d prom~asory note ~nd thu dced, a e~tAer, pomp~ly on thc days respecl~vely the ssmt stvetally Dtcomes due. 's Ib1 7o perm~t, cowim~t or auffer no Waste and to mamtun the improrements •t s1I ue~es in a state ot ~ood repau and cond~uon, and to f do or pena~t to be done to s~id pem~ses notMn~ thst ~~tl alter or cAan~e the uat ~nd cAaracter ot s~id property or ~n ~ny wsy i~ep~~r a s ve~ken tht secun~y o( th~s mMt~s~e. ~nd in case ot the retusal, ne~lect or ie~bility o( N?e Mat{~~a to repair snd utint~~n s~id ptoper- $ ty, the I~latp~ee may, at his opt~m. mste aucA repa~rs or cause the same to pe made, and advance moneys m tAri beAdt. ~ lc) 7o pay all and ~~n~ular [he t~acs, sssessa~ents, lev~es, li~p~l~tie~, and obliNt~ons ot every nature oe said describsd property e~ch ~ snd every ~hen doe snd p~Yable aeco~dm~ to Iw, befac they pecane delinquent, tod to deliver to the 1Aort~~{ee on w be(ore IN~rcA ~ 15tA of e~cA year taa rece~pts e~~dencin~ the ps~ment ot •Il lar(ully ~sposed t~xes for the precedias e~lend~r yc~r, to indemnify Ue Mort~~{ee upon h~s demand to~ al! ta:es, •sses~ments and ch~r~es th~t oay •s~cssed upon this mort~a{e on ~he indebtedness a•- ~ cured Ae~eby, and pa~d by the mort~a~ee, .~tAout re~ard to say Iw 6eretotae enacted o~ herestter to Se eaacted iieposm~ ~yment ot ~ thc rhole or an> ~srt thereot upoe the Mor~~a~ec. ~ (dl To p~y all aod s~njular the cos~s, char~es and expenses, ineludms I~~yers' fees aed ab~tr~ct costs reasanably ~ncurred ~x p~~d at b •ny unee by the Mor~~a~ee becsuse of tAe fa~lure on the part o( tAe Mortta~or to pertorm, comD1Y w~th and ab~de by e~ch and erery the ~ aupulst~ons, s~reements, cond~uons and covenants of s~~d promusory note and tA~s deed, or C~~her, and e~ery suc6~payment sh~ll be~r ~nterc~t (rae d~~e •t. the rste ot ten UOSI ptr ctntwn pe~ annum. ~ (el It i• turther corea~oted ~nd ~peed br ~~id p~rt~e~ thrt in the e~em of • suit be~n~ ~n~atuted to (aeclose this e~ort~~~e, the Mat- ~ p~ee ~Aall be entitled to •pply ~t •ny ~ise peedin~ such fortclosure suit to tbe cour[ h~rie~ jurisdicuon tAereof for tAe aPOo~n~sent of ~ rsceiver of ~II and sin~ular tAe aa.t~i~ed prooectY. ~ed of ~II renu. iacaaes. profits, iisusi and revenues thereot, f~o* rlutaoever ~ aource dcn~ed: ~ad tAcrcupon it ~c hertbr e:presslr corenanted ~ed ~~reed th~t t6t Court ~h~ll tottA~itA e~oint sutb rece~vtr rr~tA - the wwl ~ers and duties of rcceireri in like cues; ~sd ~~id apyointsent sb~ll be made by the court ~s ~ isa~tet of stric~ ri~At to Uie Matp~ee, and .r~~hout re(ercnce w ~he ~deqwcy «~a.aeauur ot the v~lue ot the property Aereby mort{ased, or to the sol~ency ~ or inaolrencr or M«~s•~«. w an~r otAer p~rty detend~nt to ~~cb su~t. The hlat~~~ot htreby ipec~[~e~lly rr~ires Ne n{ht to ob~ect to tAe •~wat~ent of ~ rece~vtr •s atoresaid •nd hertsy e:ptt~ilr eonient~ t~~t •uth •ppo~ntmeni sh~ll be m~de ~s ~n ~dw~tted eQu~~y ~ •nd u~ s~ucr of ~psolute ri~At to the Mort~~~ee ~nd that tAe ~~et nur be da~e ~ithout notice to the Mort{~~or. Jf foreclosure procced~aq should be inu~wted •pinst tAe p~oPetty covtre6 by tAu sortp~e upon any other lien or cl~ue .hetAer - ~Ileied to Ae supenor or jusia to the hen of th~s mort~~{e. tAe 61at~~~ee rnay at A~s opt~on immedutely upon ~nsuwUOn ot sucA su~~ a dunn~ che pendency thereo( dectare ih~s eeori~~~c snd ihe ~edcbtedness secured hereby due •nd p~yable (ortA~~th •nd m~y ~t ~~s - opuon oroceed ~o (oreclo~e tAis mo~tsa~e. . • - (~l Th~t Uie MortN~a w~~ll k~ep sll real •nd persoeal propertr nor ot htre~fter encumbtred by the I~en of Ni~ nart{~{e insured ss m~y - De req~~red (roa~ tiist to ume by Ne AAort{~~ee •{~~nst loss Sr fite. ~~ads~am and other h~s~rds, caswlt~ei and caetm~enc~es (or such psr~od• •nd for not lei~ tl~~e sucA •aaunt~ a• ~uy be r~auved !y the Morta~~ee •nd to paY p~~p~ly when due all prem~ue~s fa such ~nsur~nce. The ~sounta of ~n~utu~ct requued sy t~e Mort~~aee sk~ll be the m~n~mwu •wounts fa ~h~ch s~~d ~nsut~ncc shall bt +~ntten - ~nd ~t shatl De mewbent upon tAe Abrt{a~at lo mamtsin sucA ~dd~uon~l ~ns~r~nu u euy be necessary to meet and comply (ully Wuh ~11 co-~niur~nce rtqu~reieents cont~~ned in s~id oolicit• to t*s tad th~t the sa~d Ma~~~{or is not ~ cw~nsuror thereundet.lniur~ncc ~d~ll be .ntten by ~ casp~nr or co~wus ~Pproved a deai{nafed Sy the Mat{asee •nd ~II pol~c~es and rene~~ls tAereot sh~ll Se held sy the Mat~a~ee. All detailed des~~n~t~ons ar the Mort~~~ot rh~ch ~re ~cceoted by the Alott~~{se ~nd ~11 yreeenents bet~een Mort~a~or and Mott{~{ee rel~t~n~ to insur~nce, nor e:~stin~ o~ here~fter •~de, iA~ll be in ~ntin~ ~nd sh~ll be • patt of th~s mor~~~~e ~~rsement =~r' u(ully u~ho~~h aet forth rerb~US heran and ~hatl ~overn both p~rues here[o ~nd U~e~r succesaon ~nd ~as~{ns. No I~en upon ~ny of a~id ool~cu~ of maur~nce a ~pon any ?e(und o?return ~ewiwe ~rh~ch s~r De p~r~ble oo tAe c~ntellat~on or termm~uon thereof. sh~ll ;r~ se {iven ~o other than ~he Maq~{te, eacept Ey poper endau~ent •tf~aed to such poLcy ~nd ~Ppoved by Mal~~~ea EacA pol~cy of `~-e ~niw~nce ~h~ll h~ve •ff„ed ihereto • Sund~rd Ne. York MortN~se Cbuae r~tboYt Conuibuuoe, m~km~ all loss w losses uoder ~uch i Vo~~~Y D~Y~DIe to the Mor~~e~ee ~s us ~nurea~ e~~y ~Pps~r. la tAe eveat ~ny swa or swas o( money becant Payable tAereunder the ~1ort- :x3 r~ p{ee sAa;! h~ve the op~~on to recc~ve snA sPp1Y ou ~eeawt of the ~ndebtedness he~eby secured. or to penmt thc ~1o~~~~Ern ~o rece~ve •nd wt ~t, or •ny p~rl chereof, ~~thout tAtttbr ~aiv~n~ a ~mp~~nn~ •ny eQu~ty, lien. a ~~~h~ under and by v~ftuc of th~s n~at~~~e. I+? event d! lo~• or phync~l d~au~e to the mort~a~eE property Ihe Matja~a sh~ll ~~ve immcdutF nouce tAereoi py Ta~l t~~ - 1hr Mw~~~~ee •nd thc Mortp~ce ioay en~ke proof of loas ~f the s~mt ~s not made promp~lY b~ ~ht ~fat~a~a. In r~em nf Ie,re.l~~ure nl ~ ~ g~1~ PA~c1f75 _ _ - = ~ -