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Home My WebLink About1512 ' ' ~ . ~ PROVlDEII, ALN'AYS, that if the ~lurtgagor shall pay unto tht !Uott~agee the ~ndebtedness ev~drnced by a certa~n promissory nute wh~ch the followin6 in w~ords and f~gures is a true copy to-M~l~ ~4'~7~ ~ S 2, 67 5. 00 Afiarni, Florida_~Ie.QUBr~-2~~-19~I2 ( ~ y F1?ft 1~Ll'E RF.~:EI~~FI) ~ Prom~•e tu ps~ ~ ; th~ urd~~ o( _ HERBERT KOFSRY A:JI3~~A~~1~T- ' ~ I ~ I + t r Nri~ii i~~al ~um uf ~O Z~housan-Tc ~-Hun~red-~venty~ 1VE an ~...~R~, tu~ethrr with ~ntrrr•t r ti rr.~n (~um dat~ at the rate u( trn prrcent, per annum until matunh•, bvth pnncipal and intetest bein6 payabk in lawful moue~ ul tli~ t oited ~tatr~ ~t '_''~-i-~ lii~cayne Bl~d.. ~liami, Flotida, or at such other place as the holders hereof may dcsignate in w inK. F'nncipal and interect payable in in.tallments as followc: , Fifty-five ($SS.00) Dollars per month, beginning on the 15th day of ~ March, 1972, and continuing on the 15th day of each and every month t thereafter until paid in fuil ~ Th~s note may be prepaid ~n whole or ~n part a[ter one yeu from the date hereof upon pay~nt o[ a penalty equ~valent t~. f~ve percent o[ the pt~nc~pal sum ptepa~d. F:~ch in~tallm~nt pa~ mcnt ~iull be cr~ditrd fint on the interrst due, and the remainder on principal; and interest shall thrrr- uE?un cei:r upun thr pnncipal ~u crcd~ted. TI~~ mak~n and rndorKn of thi~ not~ furthcr agree to waive demand, notice of non-payment and protest, and in the e~•~nt ~uit ~ ~I~all lx brought [or the coll~ction hrreof, ur th~ same has to be collected upon demand of an attorney, to pay reasonable at~orney'~ ! frr- (ur mak~ng .uch rollection. U~Grr~d payment~ herrund~r ahall bear ~nter~st at the nte of ten pe~ceni p~r annum from maturitv until paid. 7'hi~ ~ote is securrd by a mwtgaR~ of evcn date h~rewith and is to be construed and enlorced ~accordinR to the lawa of the ~tat~ of florida: upon drfault in tht pa~~m~nt oi principa! andlor interest when due, the whole sum oi principal and intereat rrmaining unpaid ~hall, at the option oi th~ holders, t,ecome immedia ly due and payable. ~ % ~ ~ -"`'.S'"~C~~' (SEAL) (SEAL) Prepar~d by ~prler 8 T~ndnch. Attorneve - 2240 Bucayne 8trd., !?1umi, Flarida and shall perform, compl}• w~th and abide b~• each and e~•et>~ the stipulations, agreements, conditeons and co~•e- ! nants of sa~d prom~ssor~• note and ~f th~s deed, then th~s deed and the estate thereby created sfiall cease and be t i null and void. € 1. The !Nortgagor hercb~~ covenants and agrees: (a) To pay all and sinsular the pr~nc~pal and intercst and other sums o( money payable by v~rwe of sa~d pcom~sswy note and this ~ deed, oc e~ther, promp~ly on iht days rocpecu.ely che same cevenUy bccomes due. (b) To perm~t, commu or suffer no ~vaste a~d to ma~num the ~mpro~~ements at all umes ~rt a state of ~ood repau anu condU~on, and to ~ do or perm~t to bt done to sa~d ~emises noth~n~ that ~~I1 alter or chan~e tl+e use ~nd character of sa~d ptoperty or m any ~ay ~mpaic or ~ reaken tl~e secur~ty of tlns mort~ase. .~nd in use ot the re(usal, ne~lect or ~nabiLty of the Mort~a~or to repair and maintain said proper- F ty, the (~lott~a~ee may, at h~s opuon, make such repaus or cause the same to be made, and advance moneys m that behalf. t ~ (c) To pay all and s~n~ulu the taacs, assessments. Ic~~es, lubil~ttes, and obli~auons of every nawre oe sud descr~bed property each ~ and evety •hen due and payable accord~ns to lar, be(ore they become delinqur..t, and to del~ver to the Mort~asee on or betare March ' lSth of each ycar ta• receipts ev~dcnc~n6 the payment of all la~rfully ~mposed ta:es for the precedins calendar year; to ~ndemnify the ~ Matq~ee upon his demand for all taae~, acsescenents and cAa~jes that may be assessed upon th~s mort~a6e on the indebteoaess s•- ~ cured hereby, and ps~d by the mors6asee, vithout rcRard to any 1a~ Rerctofote enacted a Aereafter to be enacted ~mposint gaytnent o: s the .dole or ~ay ~aA thereof up~n the Mwt`a~ee. ~ (d) To psy all and s~n~ular the costs, ch~r6es and expences, ~nclud~os Ia~Yers' tees and abstract costs reasonably ~acurred or pa~d at ~ an~• time b~• thc Nort~a~ee because of the failure on the part of the MortRa`or io per(orm, com01Y a'~th and ab~de by each and every the ~ supulaLOns, a~teements, tondiUOns and co~enants o( caid promissor~~ note and this dted, or either, and every such~payment sAall Dear ~atercst trom datt at the nte of tcn /10°e) per centum per annum. (el It is turther covenanted and a`reed br sa~d puhes that m the event of a su~t be~ng mshwted to taeclose th~s mat~a~e, tAe Mor?- ~ ~ ~a~ee shall be enutled to apply at any t~me pendm~ such foreclosure suh to the court havin~ jwisdichon tAereof for the appo~ntment [ 6 t W 0~ Y. ~nd of all rents, ~ncames, prof~ts, ~ssues and revenues thereof, from s~hstsoe~er ~ of a receiver of all and sin ular the mort a ed o rt ~ source denred; and tAereupon ~t ~s hereby eipressly covenanted and a6reed thst ihe Court shall forthv~tb appomt such rece~ver w~th the usuat povrers and duues of rece~~ers in like uses; and sa~d appointmcnt sh.ll be made by the court as a matter of stnc~ nsht ~o 7° the Mort~a~ee, and ~~~thout refereace to the adequacy ex inadeqwcy ot tl~e valut of the property hereby moctaa~ed, or to the solvency :t or insolv~ncy of the Mortp~ors or any other party detcndant to such su~t. The Mort6a~or hereby specdiully a'a~ves thc r~6ht to ob~ect to the ~ppo~nunent of a rece:ver as a(wesaid and hereby cxprecsly consents that such appo~ntment shall be made as an admitted cqw!y~ ; and as a matttr of absotutt ri~ht to ehe Mort6a(tec and that thc same may br done w~thoui not~cc to the Mort~a6or. ;y . (f) If foteclusute oceedm should be ~nstituted a ainst the o rt • co~ered b tA~s mort a e u n an other l~en or claim rhether pr ~s i D~ D~ ) Y t t D~+ Y $ ' alle~ed to bc supenor or ~umor to tht I~en of this mort~a6e, the Mort~a6ee may at h~s ophoe immed~attly upon ~nsututiun of such su~t : a dunn~ the pendency thereof dectare th~s mort~aae and the ~ndebtedness secured hereby due and payablr forthw~th and may at ~tc opUOn ptoceed to foreclose t6~s mort~a~e. That the Mott~a~ot fi{I teep sll :eal and personal propetty no~ a hereafter encumbered ~y !he l~en of th~s martga~e ~nsured as rr.ay ' be requ~red froe: time to time by the Mortaagee a{a~nst loss by fue, M~nd~torm and other hazards, casual[~es and contm~encies for such ~ penods and lor not less than such amounts as may be requ~rcd by the Mort~aset snd to paY D~omptly rhen duc all prem~ums f~x such ~nsurance. The amounts of ~nsurance required by the NortEagee shall be the minimum amounts (w Yh~ch said ~nsunnct shall be +r~tten ~ - and ~t shall be ancumbent upon the Mort6a6or to ma~nta~n such add~t~onal ~nsuranct as may be necessary to meet and comply (ully y~th ' all co-~nsurance requ~rements contained m said pol~r.es te the eod that the sa:d NortEasot is not a co-~~suror thereunder.Insunnce ~ sAall be Mntten by a company or companies approved or de~3gnaud by tht Mortga`ee and all ~+oLcies snd renewals thereoi shall be held by the Mwt~a6te. All deta~led desi~nat~onc oy the Mortsagor r?h~ch are acceflted by the !Nort~a~te and alt a~reemmts betreen Mortsa6or and Mortq{te refsnn6 to msurance, no~ e:~shn6 or hereafter made, sha11 oe in Mntm~ and sha~l~be a part of th~s mortpge a~reemcnt ~ as fully as thou6h set tath ~•erbat~m here~n and shall 6overn both parues hereto and the~r successors and ass~sns. No I~en upon any of - said poGc~es of m~urance or upon any retund or rcturn prem~um rh~ch may be payable on tAe uacellat~on oc term~n~:~on theroof, .hali ~ be ~~ven to other than thc Mar[gaEce, excep: by propcr endorsement a(t~aed to such pol~cy and approved by Mortaa~te. Fach pol~cy ~~f ~nsurance shall h~~e aff~xed thereto a Standard tie~ York Nortga6ee Clause ~~thout Contnbuhon, mak~n~ all loss nr losse~ under ,uc~ pol~cy paysble to the Mort~a~ee d5 :tc ~nterrst ma~~ appear_ In the event any sum or sums of money become payable thcrcunder thc 11urt- ~ - ~a~ee shall have the opt~on eo rece~~e and appl}' the same on account ot the mde~tedness Aereby secured, or to perm~t the ~1~rtgaFnr to receivt a~d use ~t, a any pan thereof, wrthout thereby +aiv~na cx ~mpainn~ any equuy, I~en, or n~ht undcr and 7} ~~rtue ot :hi~ mort~a~e. In event ef loss oe physi.al dama6e to thc mo:tEaEed propcrty the MortpEor shsll ~~ve ~mmedutt noucc thcreof o> ~a~l t,~ } _ the Mortp~ee and thc MortEagce m~~ make pro~d ot 1•~~. :f thc ~amc i~ not made promptiy by~ the tlur[aagor. In c.rns .~i !c~rc~~~ •urc ni ~ - • ~ aooK ~151~ • ~ _