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Home My WebLink About0355 PROViDEf1, ^LWAYS. that if the Mort~a~o~ sh~ll pay unto the ;No~t~a~ee the indebtedness evidenced by a cetta~n prom~ssay ~ote of which the foilowi~~ in words and fi~u~a: ie s ttue copy tawit: ~ - - - - - - ; . ~JlC°~t9a~e 7~et~ . ~ ~ 8, d4~~ Afiami. Flu~da January 15 , Iq 72 t FOR VALI'~ RECE:l~~EU We, iointly and severally, ptomix tu pay t the ordrr oI ARTHUR PERLIN t e pnnci~?ai ~~m o( _Ei t Tho~sand and no-T1~~-------------- pp[,LARS, together with~nte~~t thercun in~m date at the nt~ of ten perrent, per annum until matunh, both princepal a~d intereal bei~g payable i~ lawful m~?ney uf ~h~ t:nited ~tates at '~~-~-1 Bi..caynr Bhd., ~liami, Florida, or at such other place aa the holdera hereof may designate in ~rnting. ~ Pnncipal ar~d interc~t payabfe in insWlmentsq as follows: ; , One Hundred Sixty ($160.00) Dollars per month, beginning on the 15th day of March, 1972, and continuing on the 15th day of each and every month thereafter until paid in full. This note may be prepaid in whule or in part atter one year ftom the date hereo[ upon paymeet of a penslty equivalent tu f e percent ot the prirtc~pai sum prepaid. .~ch inatallment payment .hall be credited first on the intetest due, and the remainder on prineipal; and inte~t shall thrrr- upo ceaar upo~ the principal +w crrdited. ~ ~ • he make~ and rndor~en of this not~ further a~ee to waive demand, notice of non-payment and pro?est. snd in the evant suit :I~all br bruughl for the collection hrreof, or the same has to be coNected upon demand o[ an attorney, to pay rea.w~sable attomey':c frr~ iur making such collection. UeEen~ed payment~: he~eunder ~hali beu intere~t at the rate of ten perce~t per annum from maturity unti) pai~. ~ 7'his note is cecurcd by a mortg~ge of even date herewith snd is to be construed and enfonxd ~ccording to the laws of the ~tat~ ot E'lorida; upon drfault in the payment ot principd andlor interest when due, the whde sum c~f principal and interest rrmaiai~g unpaid shall, at the option of the holde~s, become immc tdy due and pay . _ - ~L L ' SEAL . ; ~ ~ ~ : ~ (SEAL PtepHed by ~prler d~ Tm~irich. Anorners - 2240 Biseayne BI•~+.. Miuni, anJ shall perform, comply with and abide by each and evcry the stipulations, a`ceements. conditions and eove- ~ nants ui said prom~ssory note and of this dced, then this deed and the esato thereby c~eated shall cease and be null and void. 1. The Mort~p~or hereby covenants and a~rees: (~1 To psy •II and sm~utu the pnnnp~l aed interest snd other swes ot money payable by v~rwe o! ss~d proeussoty note ~nd this deed, or e~tAe~, posptly on the days reapeclively ~Ae suee sevetally Aecoses due. (b) To psra~t, cae~u o~ suffer eo raate a~d to m~~nt~~n thc i~nprovemenu at •11 tieres in a atate of ~ood repa~r ~nd cond~uoa. and to do or pers~t to be done to s~id prewiiei noth~na tYat ~nll alter or eA~e~e We we ~nd chancter ot s~id proper~y a~n ~ny r~y isp~ir or re~ken the securi~y oi ~his morir~~e. Aad in case ot tAe re[us~l, ne~lect or in~bility ot tAe Mott~~~or to repair ~nd ~~inuio s~id proper- ty, the Mar~psce m~Y. ~t his opt~on. make aucA repairf or cause tAe s~nx to be eyde. and sdr~ecc ieoneys ~a tAat bsA~l(. (el To pay ~II and ~~n~u1u We a:es, asssaae~enta, leries, li~b,l,iie~, u~d obli{~uon~ o! erery nature on s~id deactised property each snd everr .Aen due ~nd oayablc accad~ns ~o la~, before they Eecoes deluwueat, ~nd to deliver to the 1~lort~~~ee on w Ae(ae YsrcA 1StA of e~ch rea~ ux receipts eridencia~ the piya~enl o( ~11 I~~rfully i~pwed t~aea for tAe precedin~ e~lendsr year• to indea~oefy tAe Mort~~~ee Mpo~ A~s denund t« aU taaes, ~sscsameats •nd eh~r~es th~t m~y •ssessed upoe Ufis mort~~se a? the~iadebtednsss cured Ae~esy, and pa~d by tAc m«t~a~ee, ~~thou~ re~a~d to aay 1~~ heretofore ea~cted « hercafter to be enacted imposin~ ~ysent of the rhole a any .~art t6ereof upae tAe Mor~~a~ee. (d) To pay atl and s~n~utar [Ae costs, ch~r~es snJ eapenaes. iacludie~ la~yers' fres aed abstr~ct costs reasonably incutted nr paid a~ any umt by the 6Aor~~s{ee because of the f~ilure on Ihe p~rt ot the 61ort~a~ot to per(orm, comply ~~th and sb~dt by e~cA ~nd erery the stiprlat~au~ ~~reeeients, ca~d~tions and covcnants of s~id promia~ory note ~nd W~s deed, or e~t6cr, ~nd every sucA~paymeet shall be~r intcre~t fras datt ~t the t~te ot ttn (!0'i) pcr cen~ue per aanua?, (e) (t ia t~r+her cortaaeted and avesd br saiA p~iuea tlu~ in the e~em ot a suit bein~ in~tituted to toreclose this aiort~a~e, the Mort- ~ie~ ~A~ll es eatitkd to ~Pply •t ~nr tise oesdins sucA lo~eclosure suit to thc toun b~vies jurisdietia+ tAeteot to~ the ~pPoiatsent ot ~ rscsi~cr of ~11 sn0 ain{~tsr ~he iwrt~~~ed ~ooerty, uW ot ~11 reats. ieco~es, profits. iisuea ~nd rersnrsi tAertd. troe rbataoerer aarrce derired: and ~bsreupon it is hereby es~e~str corsa~eted ~ad ~~reed t6at tbe CoYtt sh~ll (atth~itA ~Opoint sucA teceirer +rith [he wust oovers arW duties o( receivcn in like c~~es: ~sd •~id ~~OIAIOtAt s6~11 be ~de pr tAe coutt as ~ e~atttr o( strict ri{6t ~o the Afat~~~se. and .itAout «fereace to t6t sdeqd~cy or ia~deaa~cr o! Ne ralut ot the popertr Aereby aorta~asd. or to the solrency w isuol~eeey of ~he Mort~~aor~ or ~nr other o~rty detend~nt co ~uc6 suit. TAe Mort~a~ot hereby spec~titally r~ires thc n~hf io ob~eci ~o Me ~poaetasat of ~ rscei~sr a(oresaid aad hereby eipre~sly consen~a th~t ~rch ~ppo~nta~ent sh~ll ~e wde •s an ~daitted equ~~y ~nd aa a*atter of sbiol~te ~itAt to Mu M«~~~~se anE that tbe iiAC sir be da~e r~tAout notice [o :he INort~~~or. (f) Jf foreciosure poceWieas should be instlt4ted ~s~i~est the ptoyerty covered br ffi~• ~ort~a~e upoa any otAer lien or cla~m ~hetAer •Ils~cd to be supenor at iunior to the lien of thi• mort~~~e, the 6/ort~~~ee ~aay at his option ima~edutely upon tflf(tlYllpf O~ SYCA SYII o? dwins the pendencr tbereof declare ~h~s ew~t~a~e and the indebtedaess stcured hereby due •nd ar~ble lorehr~th ~nd m~y ~t its oq;on Oroceed ~o taeclwe tbi~ sat~~sc. (a) TA~t tAe M«tp~or will keeo all real ~nd personal property now ot here~fter sncumaered by tAe I~en of tl~is sat~~~e u?sured ~s may be rswired froe ti~e to t~~e by tAe Mort~~~ee ~~aiast loss br (ire. r~odstoru~ ~nd otber h~sards. c~swluss sad conun~enc~es (or s~ch ; u oer~ad~ ~nd far not lest W~• •ucA aworet~ a~ ~ur bs ttquirsd br the Mort~a~tt and to paY oros~Ptly rAta d~e ~11 Oreas~wns for srch iniw~nce. The ~wouut~ ot iwur~act required ?r We 1Aott~~~st s?~11 bt ths sia~swo ~aaunts fa rA~ch s~~d insutaace ahsll be ~ntten ~ed ~t ~h~ll be u~ewibsnt Ypoe We Abry~sor to M~at~in auc6 ~dditioa~l ins~r~nce ~e.r be necessary io ~.ce~ .na ~aupty trttr r~M ~tt to-in~waece requireseets coni~iaed in s~i0 Policiea ~0 1bs sad tA~t the s~id Mort~s~or is not a co-is~~ror cAereuader.ln~w~nce ~A~11 oe rnttee by ~ co~ay or eo~yw~s~ ~Ppro~ed a dei~{n~ted br [Ae hlorya~ee •nd ~11 pol~cies aad rsae~vals thereof shall be Aeld i br the Rlataa~se. All detailed dtsi~ut~ms by tAt Mort~~~or ~Aie6 are ~cceots~ br Me Mforys{te aed ~11 a~teeatnts ?et~een 1~{otts~~or ` and Wrt~~~ee rsl~~~na ~o ~n~unece, no. s:lstin~ a hers~tttr ~~dt. sA~ll be ie rritia~ ~nd sAall Ae ~ O~ts of thu mort~~~t a~resuient a~ (ullr tAow~h set forth rcre~uw here~e ~ad s1u11 ~orern botA arties hereto ~nd iheir srccessas ~nd ~ssi~ns. No I~cn uoon ~ny o( •Nd policies of ~nsur~nce or uPon ~nr ref~ad o?return drsai~us vhich s~r be O~Y~SIe on the cant~llation at tens~nation tlu~eof, shall be ~~ren w other ~h~n ihs Mat~~~ec. tacsPt Ar ~oyer eedorie~ent ~(fiaed to aucA Policr ~nd ~~oved by Ma~~~~te. EacA pol~cy of ~n~rr~nce ~bsll h~~e •tfiacd ~herao ~ St~ndnd Ne~ Yo~t MonN~ss CI~YSe ~uAort Coeuisuuoa, aqkiea a11 los. or losses under ~uch Oo~~~Y NY~ete to the ~Iatp~te is its ~Mat~t m~y ~~es~. IR tAt sr~R1 asr ars ot swu ot monty ?ecoe~e y~y~ble thereunder thc Nort- {a~et sA~l! A~ve ~he opt~on to rsel~n ~eA ~Pply tAe sa~e op ~eearlt of tbs ~ndsblednsas Aereby secured. or to ptne~t the ~lor~~~~or ~o rece~.s •nd Yse ~t, or •ny ~rt the~eot, ~~thoat tAtrebr ~~ivi~~ ot iqau~n~ •nr equitY. lien, a ri~h~ under and by rutuc o( th~~ iaoitsi~s. !e erent of lo~i or phyiu~l d~~a~e to the aarys~ed proyerty tAe Mat~~~a sh~ll ~ivt ~~cd~s~e noUCe thercof b r~~ra~l i~~ the Ma~~~{ee a~d ~Ae 1Awt~a~ee nwY make proo! o( lo~s ~f the s~me n eo~ made pranpUY b~ the Mort~s~a. In even~ nf lure~l~•urc o( ~ _ . - ' t _ . _ _ _ ~~=.t . _ ..~._x.