HomeMy WebLinkAbout0621 PRV\'IDEn, ALWAYS, thal ~f th~ \1ort~agor shall pay unto the \lortgagee the indzbtedntss rv~dzncrd by a
cetta~n prom~ssaty note ot which the follaw~ing ~n vvotds and figures ~s a true ~opy to-w~t
.I~/~ay~,CT ~T_ ~
( 4~07~._00___ ~ ~ ~ Januar 2
~~amt. Flond~ y 0, ~ ~ 2
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F"k a~~~~E~ R};~~E.~~~F:l~ We~_ _ j ointly and several ly, ^ prom~K pa~ i
It~~ ~hP urdrr EDWARD KOLBER - - - ^ - - - ~
thr p~,,,,~,~„~ ~f _Four ~'Iiousand-geventy-five an no~J~~~---- f
_ l~i.LaR~, to~eth~r ..ith intrrr-4 ~
thr~run (rum dat~ at thr rate uf trn perc~nt. per annum unti) maturih, buth pnnc~pa! and iotenst being pa~•abl~ in lawful mon~~ ut
th~ ( nilyd ~tatr~ ~t :."~-i-l kiw-a~~~~ BI~d., ~iiam~. F~lorida, or at such othet place as the holders hereof may designate io wntinK
1'rinc~pai and mtete.t pay~blr ~n ~n~taiiments ~ follow:: y
:
Eighty-five ($85.00) Dollars per month, beginning on the lSth day -
of March, 1972, and continuing on the 15th day of each and every
month therEafter until paid in fu1Z.
Th~s note may be pr~pa~d ~n Mhole or in patt after one year from the da~e hereof upon payment of a penalty equivalent
iu fn~e peccent of the pnnc~pal wm prepatd.
F:ach ~mtallm~nt E~a~ ment ,hall br er~dited fint on th~ interest due, and the remainder on principal; and interest shall ihrm-
uF~un ceasr uE?~n thr pnn~~pat w ctrdit~d.
The mak~n ~nd rndor~rr~ uf t}u~ nut~ furth~r a~rre to waive demand, nolic~ of non-Pavment and protcct, and in the evrnt suit
>hall t,r bruu~ht tor the cull~ct~on her~o(, or the .ame has to be eollect~d upon demand o[ an attorney, to pay reasonable attomey~.
(rr. iur making .uch ~•ull~ct~on.
[)~frr~~d pa~ ment~ he~runder ~half bear int~~.t at the rate o( ten percent pe~ annum ~rom maturitv until paid.
7'h~. note is :~curcd b~ a mort~a~e ai n~n date hercwith and is to be construed and enforced accotding to the liws of the
~tat~ of F'lorida- uPon dr(ault in the pavment of principal andlor ~nterest when due, the whole sum of principal and inlerest
rrmaimng unpa~d ~hall. at the option of the holders, bccome imme 'atelv due and payablG; ~ .
i / r~
-~/~t-< <c ~Y~; {~EA
~ ~ I
~ S ~ ~ . ~t~~~EAL)
Prepand by ~pKkr 6 Tcndrich. Altorneye - 2240 Bucaynt BI~d.. !?liami, f "d~
and shali perform, comply w'~th and abide by each and every the stipuiat~ons, agreements, conditions and cove-
nants of said prom~ssory note and of th~s deed, then this deed and the ~state thereby created shatl cease and be
E nuil and void.
l. The !~lottgagor hereby co~enants and aRrees:
, !a) To pay all and s~n~ular the prmc~pal and interest and otAer sums ot money payabte by v~rtue of sa~d prom~ssory nott and th~s
deed, or either, prompNy on the days respechvely the same seveially becomes due.
I (b) To perm~t, comm~t or su!(er no wsste aod fo msinum the ~mproveeoents at all hmes in a state o[ ~ood repa~r and cond~uon, snd to
do a permit to be done to sa~d prem~ses nothm6 tha[ ~~11 alter ot chan6e the use and chancter oi sa~d propetty or m any vay ~mpau or
.eaken the secunty of th~s morip~e. And ~e use of the ro(usal, ne~tece or iaab~l~ty o! the Mort`asw to tepsir snd maintam s~1d proper-
ty, tho M«t~,aee m,>~, at A~s opROn, make sucA repairs a cause the same to be made, and advance moneys m that behalt.
!r) 7o psy a!! and sinsulo the taxes, assessmcnts. Ic~~es, hab~Ltus, and oblipUOns of everY aatute on sa~d descnbed property each
and every vhen due and payable sccord~ns to la~, betae they become delinquent, and to del~ver to tAe Utwt~a~ee on or before M:rch
lSth o( eacd year tax receipts e~~dencin6 tAe pay~mtnt o! a!1 lssfu!!y ~mposed tsies for the pceced~oa ctlendat year; to ~ndemn~(y the
Mortsa~ee upon his demsad tor all taxes, assessments and char~es thal may be assessed upon th~s mott~a~e on che ~ndebtedness s~-
cured hereby, and pa~d ~y the m«tea6ee, ,cithout regard ~o any Is~ heretofore enacted ur hereafter ~o be enacted imposin~ ~ayment o:
the ~Aole or any .+art thereof upon the Mortga6ee.
!
~ (dl To pay a11 and s~n~ular the costs, char~trs and expenses, includm6 Iavyers' tees and abstract costs reasonably ~nzurred or pa~d at
any t~me by the lNort6agec becausc of the ta~lurt on the part ot tlie ~1ort6a~or to pertorm, comply vr~th anS ab~de b~ qch and every the
y st~pulauo~s, a~reements, cond~t~ons and covenants of said prom~ssory note and th~s deed, or cither, and every such~payment shall bear
E interest (rpa date at the rste of ten UO`~1 per centum pec annum.
' (e? It ~s fu?thei ~oYensnted and aareed by sa~d part~es that in the event o( a su~t bc~na inst~trted to toreclose th~s mor~~a6e, the Mat-
` ~asee sh~ll be enutled ta •pply at any ume pendins such [orcclosure surt to the cuurt havin= ~ur~sdicuon ~hereof for the appo~ntmem
of a rece~.er of aIl and sin~uiar tht mortEa~ed property, and ot all rents, ,ncanes, profits, ~ssues and revenues thereof, from ahatsoeYer
source denvod: and thersuyon It ~s hereby c~pressly covenanted and •~reed tAat the Caurt sAsll forthv~W appoiat such reco~ver W~th
the uswl povers and dat~es of recervers ~n like case~: and sa~d sppointmcnt sh~fl be madc by the court as a matter of stntt n~At to
the Mortp~ee, and •~thout rc(erence to the adrqwc? or inadeqwcy o( the value of the proper~y hcreby mat6a6ed, or to the solve~cy
or ~nsolvency of the A1ort6a~ors or any otl~er patty defcndant to sucA suit. The Matp`or hereby spec~f~cally xa~ves the ri~At to ob~ect
to the appomtment of a rece~ver as a.`oiesa~d and he~eha~ eapiessly consents that sucA appo~ntment shall be madt as an sdmitud equity
and as a matter of ab~olute nsht to the Mortas~ec ar.J [hat the same may De done r~ithout notice to tAe Mort~a~or.
(f) If forecloseue proceedmja should be ~est~tuted asa~nst the property covered by th~s mort~a~e upon any other I~en or cla~m whethe~
alle~ed to bc supcr~or or ~un~or to the I~en of this mortp~e, the Mortsa`te may at h~s opt~on ~mmed~ately upon instiwt~on of sucA suit
or durms the pendency thereot declare th~s mortga6t aod rhe indebted~ess secured hereby due and paysble forthrith and msy st ~tti
opuori pocred to foreclose th~s moct~a~e.
, (s) That the Mor~sa~or v~ll keep all rcal •nd persc+nal property no~ a hereafter enc~mbered by the lien of this mortga~e insured as may
be tequued fran ume to hme by the !Nort~aEte apinst ?oss by fire, w~ndstam and other hazards, casuatt~es and contm6enc~es Ior sucn
' penods and Yor not iess th~n such amounts as may be requutd by the Morts~aee and to pay promyUy Mhen due all prem~ue:s {or such
msur~nce. Thc amounts of ~nsursnce rcqwred by the Mortsasee shall be the m~mmum amounts for Which ssid mswance shall be ~ntten
and it shall be mcumbent upon the Mort~a6or to ma~ntain such add~qona( msurance as may be r.ecessar> to mtet aod comply fully r:th
sfi co-insunnce reqwrements conta~ned in sa~d Dolicus to the end th~t the aa~d A1at6asor ~s not a co-~nwror thereunder.Insurance
shall be wr~tteo by a company or compan~es approved ac des~gnated by the Mort~a~ee and all pol~cies and renewats thereof shatl be h~ld
by the Mort~a~ee. All deu~led des~`nsUOns by the M«tsa`or y~A~ch ue acceptcd by the Mortp~ee and a11 ajreements betreen Mortsa6or
srtd Matjtjee relauns to insur~ncc, now ex~stin~ or Aereatter made, shall bo m~rism~ and shall be a part of eA~s matpte a~reement
as (uily as thousA set (orth verbat~m here~n and shall aorern both part~es hereto and their successors and ass~~ns. No I~er. upon ~ny of
said polic~es of msurance or upon any refund or retum prem~um rh~ch may be payable on the cancellat~on a termmat~on thereof, shall
bt siven to other than the Mottq~te, eacept by proper endorsement a(fiaed to such pol~cy and ~pproved by Mort~s~ec. Each pohcy of
insur~nce sAall Aart atfiaed thcreto a S[sndud Nev York Mort~a~ee Clause y~thout Conu~buuoe, msk~n~ all loss or iosses under such
poiicy paysbte to the Mottp~ee as ~ts ~nteresi may appear. !n Ihe erent ~ny sum or suats o( money becomt paysble thereunder thc ~lort-
~a~ee sfi~l! ha~e the opt~on to rece~ve and spply the same on account of the mdebtedness htreby secured, w to pcrmit the Norsgapor
to recerve and use u. a any part thereof, r~thout thereby ssiv~n~ or ~mp~u~eq any equrty, I~en, or n~ht under and 'oy vutuc of tr„
mortp~e. In eveot of loss or phys~csl dsmsje to tAe mort~aded ptoperty the Mort~a{ot shsU pve ~mmed~ate nohce ehereof by -u! c~,
the Mat~a~ee and the Mort6s~ee may mske proof ot loss ~f th~ ssme ~s not made prompUy by the S1ort~a~a. In e~cnt of fore~In~ure o!
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