HomeMy WebLinkAbout1736 PROVIDEn, ALWAYS, that ii the Mo~t~~~ot shsll pay unto the ~lott~a~ee the indebtedness ev~denced by a ~
certa~n prom~csory note oi which the [ollowio~ in wotds and fi~ure: ~s a true copy to-wit:
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~a~~G~ay~ ~ilet~
s_~~~. 00 M;am~, Flo~d. December 30 , iq 71
FoR v.At.t~E HFCE:~~•F:~-- I---- - - ~m~ co P,y ~
~ tu the o~der o( SAM POMERANTZ AND ROSE POMERANTZ 1 H IS WIFE ~
thc principal ~um of OC1@ Thousand Five Hund-red fiwent~- five an ~ogeth~~ with intem~t ~
th~rcun from dat~ at thr ntr ot te~ perc~nt, pe~ annum until maturity, both principal and int~rcst being payabl~ in (awful mon~y o( ~
th~ l~nited ~tates at Bi.cavne Bhd., ~liami, Flonda, or at such other place aa the hotders hereof may designate in writi~g. ~
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Principal and interest payable in in3tallmentx as follows: ~
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Twenty-five ($25.00) D~tlars per month, for sixty (60) consecutive
months, on the lSth day of each and every month, beginning on the
15th day of February, 1972, and continuing until the 15th day of
February, 1977, at which time the balance shall become due and payable.
Th~s note mav be prepa~d in whole or in part after one year ftom the date hereof upon payment of a pertalty equivalent
~u five percent of th~ princ~pal sum prepaid.
E~ch inatallment paym~nt ~I~all be credited fir~t on the interest due, and the remainder on principal; and interest shdl thrrw-
upon ressr upun th~ principal ;o crrdited.
The maker~ and rndonrn ~?f thi. note furth~r a~ree to waive demand, notict of no~-paymetit and protest, aad in the event 3uit
.iutl br brought for the cullection hereof, or the same has to be collected upon demand of an attomey, to pay rea~onable attorney'a
irr. [ur making such rollect~on.
~ De(erred payment• hcreundrr ~hall bea~ int~rrst at the nte of ten percent per annum [rom maturity until paid.
( 7'his note is ~ecured bv a mortga~e of even date herewith and is to be construed and enforced accordin~t to the (aws of tht i
i ~tat~ of Florida; upon driault i~ the payment of principal a~dlor i~turat when due, the whole eum of principtl and inteteat
rrmainie?6 unpaid shall, at the option of the holde~a, become immtdiately .na P.r.a~.
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~ " _'~SEAL) i
(SEAL) ~
Prepared by Spkler d~ Tmdrich. ~ttorneys - 2240 Bi~ne Blvd.. Miami, Flarida
; anJ shall perform, comply w~ith and ab~de by each and every the stipulations, agreements, conditions and cove-
nants of said ~rom~ssory note and ot this deed, then this deed and the estate thereby created shall cease and be :
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null and void. f
E 1. The Mort a or hereby covenants and a rees:
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; (a) To pay all and ~~n~ul~r tAe pt~nc~pal and interest and other sums ot monty p~yable by v~rtue ot sa~d ptom~ssory nute •nd th~s
€ deed, or e~ther, panp~lY on tAe days re~pec~~rcly the same severally Decomes due.
! (b1 To perm~t, caum~t or suf(er no ~rsste and to muntun the improvements a~ all hmes in a st~~e o( ~ood repau ~nd cond~uon, and to
do or perm~t to be done to s~id premues noth~ns [h~t ~ill alter or ch~n~e the uae ~nd c6u~cter of sud property or m any vay ?mpur or
E re~ken the secunty of th~s nar~p~e. And m ease of the relusal, ne~lect or in~biiity ot t6e Mort~~{or to repa~r and m~intun sud proper-
ty, ~he Mor~p~ce m~y, a~ Ais op~~on, make such reps~rs or cause the same to Ee made, and advance moeeys ~n th~t beh~It.
(c) To psy all ~nd .in~utar tAe t~ics, assessmenta, lev~es. I~ab~l~ties, ~nd obli~~t~ons of everr nature on said descnbed p~optrty e~ch
and every +~Aen due and paY~ble accord~n~ to I~a, be(ae they become del~nquent, and to delirer to the Mortia{ee on or betore March
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IStA o[ e~ch year ~~a rece~pts ev~dencia~ the payment of •11 l~rfuily unposed tast~ for the prectdin~ t~lend~r year; to indeenmfy the
~ Mart~~~ee upon his dem~nd ta all uaes, assesamenq and ch~r~es th~t m~y ~s assesscd upon this mort~s~e on the ~ndebtedness s•-
cureA Aereby, and pud Dy tht mortp~ee, .~[hou~ rc~ard to ~ny I~~r Setetofore en~eted a herc~tu~ to be enacted ~mpos~n~ ?~yment of
x ihe ,aAole or anY ~art thereot upon the Mor~~a~ec.
4 (d/ To p~y sll and a~ntular the costs, char~es •nd espenses, ~nclud~n~ I~~ryers' (ees and asatract co~ts reasonably incurted nr p~~d ~i
~ •ny ume by the Mwt~~~ee because ot the t~ilure on the p~rt of tAe Mwt~~~or to perlorm, comply wuh and ab~de by e~ch ~nd every the
st~pulauons, ~~reemeets, cond~uons and covenants o( s~~d promiisory note ~nd th~s deed, or e~tAer, and every such~DaYmmt sh~ll beu
~ntere~t ftoa~ d~te ~t the nte ot ten UOS) per centwn per annum.
" (c) It i• fur~Aer eoren~nted and •ireed by ~~id p~rucs that in the eren~ of a su~t be~n~ in~t~tuted ~o (aeclose thi~ mort{~~e, the M«t-
~a N{ss sA~ll be en~itled to apply ~t any tise pendin~ such foreclosure suit to the court Aarin~ jur?sdieuon theteof ta the •Ppo~mment
of ~ rsce~~er of ~It and sin~ulu the ma~~~~cd poOcrty. snd of ~11 reets, ~ecoa~es. pro(~is, i~sut~ ~nd revenues tAereot, fros rh~tsoerer
x ~ource denved: •nd thereupon it ic hertbr ea~eisly covsa~nted ~ad ~~reed tA~t the Court sA~ll forth~ritA ~Ppoint such rece~vtr ~~tH
the usual pare~s anA duues ot receivera ie like cues; and a~id a~ointment absll be m~dt ~y Ne court ~s a a~atter o( strict ri~bt ~o
~he Mor~{~see, and rlihout re(erence to the adequacy a ia~depu~cr of the value o( the ptoperty htrtby ~sat~~~sd, a to tAe sotrency ;
or iniotrency o/ the Mort~~~as or •ny other p~rty detendant to sueh swt. TAe Mat~~~o~ hereby ~petif~t~IlY raires the n~ht to ob~cct j
to tAe a~wnt~eet of ~ rsce~ver as a(ores~id ~nd hereAy e:pre~ily con~ent~ t6~t •ucA ~ppo~ntsent sh~ll be ra~de •s ~n ~dm~~tcd cqu~ty
~_3 •nd ~i ~ ~utter ot ~bsolute ri~At to the Ulat~~{ec ~r~d tA~t tAe ~~me nur bt doae rithout notiu to the Mort~~~or.
; (f) )f faecloswe proceed~a{i should be in~t~tuted ~~~init tAe OroOerty covercd by t6is mort~~~e upon any other I~en a cla~m rAether
•tle~ed to be superia or jun~or to tAe lien of thi~ isorti~~e, the Mott~~{se may at his option ioretd~~tely upon ~nst~tuuon of sucA su~t
a dur~ns tAe pendency thereof decl~re tA~s ~wt{~se ~nd ihe ~ndebtednesi aecured Aereby due ~nd p~yable tarih.~[h aed m~y ~t ~~s
op~~on proceed to foreclwe tAu morlp~e. .
Th~t the hlat~~tor r~ll ttep all real ~nd pcrson~l propetty no~r or here~fter encumbtred by tAe I~en ot thi~ mort~a~e ~nsured ~s m~Y
- bt rsqutred lro~ ~iae 1o h~e ey ~ht Mort~~~ee ~~~~est losi by fire, ~rindstoru~ ~nd other hu~rds, uswluts ~nd cont~n~tnc~es (or such
= per~ad• anA ior noe le~~ th~n iurh •aaunt• u wY bs ~.a~~r~a er tAe Afort~~~ee •nd to p~Y a~?ptly ~Aen due •I! prae~ums fa such
~a m~ur~nca Tht aaounq of ~n~urance requued br tAe Alortj~~ee ~Aall be the w~aimuin ~ewunts for vh~cA s~?d ~nsurance shsU Se rntlen
~nd It ~h~ll be ~ncuisbent upon the AAort~~{or to sainq~n such ~dd~uoa~l ~naunnce as m~Y be necess~ry to meet ~nd comply tully ~r~tA `
" ~II co-~n~ur~nce re~u~re~ents coe~~ined in s~id oolicies to tAs eod th~t tl~e said INat{~~or ~s not a co-~na~ror thereunder.lniurance ~
~Aall oe rnttte by ~ coa~ay a cosPw~e• ~Pproved w dts~{n~~ed by tht Alata~~ee ~nd ~11 polic~es a~ rsne~~ls tAereof sh~ll be Aeld ~
sy U~e Matp~ce. All detailed desi~n~t~ons by the Mort~~~or rhicb ue ~cccPtsd Yr tAe Mort~~{ec and ~II ~reaoents be~.een Mort~~~or
ana Mort~~~ec re1~Un~ to ~n~ur~ace, nov e:istin~ ot here~fter wade. ~h~ll be in ~rntin~ ~nd shdl be • p~rt of ~hu mori~~~c a{rsemee~ :
•a tully ~houih se~ (orth •erb~uiu Aetan ~nd ~h~U ~o~ern botA p~rNes Aereto ~nd their successors ~nd ~ss~~ns. No I~cn up~on ~ny of
•ald pohc~es of msur~nce or upm ~nr refund o~return ~ee~us wAich ~~r be p~r~blt on tl~e c~nc~U~t~on a termmauon thereof, sA~ll
- be {~vice ~v ~cAcr rb~a tAc Mort~~~ee, cacep~ or prooer enda.e.en~ .tf~acd to ~uch pol~cy ~nd ~Ppoved by Mat~~~ee. E~cA pol~cy of
m~ur~nce sh~ll h~.e ~f6xed Ihereto ~ St~nd~rd Ne~ Yak Mor~~~~te Cbwe ~r~thoYt Coatrisuuoe, m~tie~ all losa w losses ueder ~uch
pol~cy p~Y~ble ~o ihe ?4orip{ee u~ ~nurest nuY •~ar. ln tlfs •rsat ~sy iua or suss ot montY Yetane P~y~blt thereunder ~he ~lor~-
- ~~~et ~h~lf A~ve the oOtion to rece~re ~ad •Pply tAe n~t on seto~nt of 1hs ~adsbtedntss Aereby secured. a to peneit tAe Nort~a~or
~o rtcs~~s ~nd uae ~t, or •ny ~r1 d~ereof, ~~tbout Wsr~?r ~~ivia~ a ie~P~~r~n~ •ey epuity, lien, or n~ht under snd by v~riue of th~~
` enor~{ye. (e event of Iw~ or pbY~ic~l d~wa~e to the eort~s{ed p~operty ~he Mortpia shall ~~~c ~nraatl~~te not~te thtreot by mail ~u
= the Nats~~ee and ~he Mort{a{ee ~r auke proot of loss tht s~me ~s nol rnade pr tl~by t~a~a. ~ f fae.l~~ure n(
= ~ ~ ~oox P~ 1"7'`34
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