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Home My WebLink About0096 PROVIDEn, ALWAYS, that if the 1~iort~agor shatl pay unto the ~brt~a~te the indebted~ess evidenced by a certai~ promissory note of which the fallov?•ina in words and fi`utes is a true copy tawit: ~ . ~dul~+t~C 1~4ZG ~ . ct 2.025 . 00 Miami, Florida Feh~~arv 1JT_ l9z~_ , FOR VALUE RECEI~~ED We ointly and severally, pwmi~e to pay tto the o~der oi MORTON ROM~O ND I THRINE ROMANO HIS WIFE the principal ~um oi ~10 Thousand Twent - f ive Dol lars and no 1QA~LLaRS, togethe~ with inte~?:t thereon Iwm date at the ate of ten perce~t, per annum until maturity, both principal and interest being payable in lawful money`uf ~ the United ~tales at 22~ Biscayne Bl~d., ~liami. Florida, or at such othec place as the holdeis heceof may designate i~ wnt~ig. ~ Principal and intercst payable in installments aa followa: ~ . Fifty ($50.00) Dollars per month, beginning on the lSth day of April, 1972, and continuing on the lSth day of each and every month thereafter until paid in full This note may be p~epaid in whole or in part after one year from the date hereof upon payment o[ a penalty equivalent to five petcent of the principal sum prepaid. Each installment payment shall be crcdited first on the intercst due, and the rem:inder on principal; and interrst shall thrrr- upon c~ase uEwn the principal so credited. 1'he makers and endorsers oi this note further agree to waive demand, notice of non-payment and protest, and in the event suit ; ~~I~at) be brought [o~ the collection hereol, or the same has to be collected upon demu~d of an attorney, to pay reasonable attorney's ~ frr~ [or making such collection. ? , Deferred payments he~eunde~ shall bear interest at the rate of ten percent per annum fwm maturity until paid. ~ This note is ~ecurcd by a mort~Cage~of even date herewith and is to be construed and enforced accordin}~ to the lawa the ~ ~ State of Flarida; upon default in the payment of principa) andlor intereat when due, ti~e whole sum of principal and in rest remaining unpaid shall, at the option of the holde~s, become immedia ly due.and payable. _ .ti?.-.~l~. (S A L) ,,Ct,~~, /1 ~ -~<< z - ~sEn~, Repared by ~piekr dt Trndrieh. Attorney~ - 2240 Biwyne Blyd., Miami, Flarida ; ar,•~ s~~!! p~r[otm, comply with and abide by each and every the stiputations, agreements. conditions and cove- nants o[ said promissory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. 1. The Mortgagor hereby covenants and agrees: (a) To pay all and s~n~ular the principal and interest and other suma of money payable by victue ot said prom~ssory note and th~s ~ deed, or either, ptomptly on the days respeclivelY the same severally becomes due. ~ (b) To permit, coeomit or sutfer no waste a~d to mainuin the ~mprovements at all umes in ~ sute o( sood repair snd cond~uon, snd to ; ~ do or permii to be done to said premues nothin~ that v~ll alter or chanse tAe use aad cA~ractet o[ said propertY or in any wsy impair or i ~rtaken the securrty of this murt~~~t. And in case of the refusal, ne~lect or inability ot the Mort~ator to repair and waieum said proper- ty, the Mort~atee maY. his optioo, mske suth repaus or cause the same to be taade, and advance moneys in that behalf. (c) To psy aIl and sin~ulu the tsaes, assessmenta, le~~es, liabilities, and obli~atioos o( every nature on said described property each ~ and every when due and payable accordina to la~, before they become deliaquent, ~nd to delirer to the Mott~atee on or before Ularch ~ IStA of e~th year ua teceipis ev~dencin~ the payment o( sll la+rtclly ~mposed taies tor the precedin~ calendar Year to indemnify tht ' 8 Rlart~a~ee uQon his demand tor all ta:es, sssessments and chsr~es that may be assessed upon this mort~ase on the indebtedoess s?• 1 ~ cured Aereby, and paid by tAe mortaa~ee, +~~thout res~rd to aoy lav heretofate enacted or hereatter to be enacted imposin~ ~ayment of ~ ~ 1he whole ot ~ny ~srt thereot upon the Mwt~a~ee. ~ 4 (d) To pay all and s~nsular the costs, char~es and expenses, i~~o6 IavYers' fees and abstract costs reasonably mcurred nr paid at ~ = any time by the M«taa~ee ~eeause of the (ailure on the psrt o tAe Mort6a~or to pe~form, comply vrith •od ab~de by eacA snd e~ery the ~ stipulat~oes, a~reemen~s, ca~d~tions and covenants ot said prom~ssory note and tAis deed, or e?t6er, and every sucA~payment shall bear ~ mtcrest (ran date at the nte ot ten (10"i) per cen[um per annum. 4 ~ (e) !t is further coven~nted and a~reed by sa~d parues that in the event ot a su~t bein~ inshtuttd to taeclose this mort~aae, the Nort- ~ ~ ~a~ee shall bt entitled to spply at any time pendins sucA forectosure suit to the court harin~ jurisdictian thereot for ~he appo~ntment ~ of a receirer of all and ain~ular tAc mor[~a~ed propeny, and ot sll reots, iecomes. protits. issues and revenues thereo(, fraa vhatsoever = source derived; and thereupoo it ~s Fereby eapressly coveaanted atd aareed tA~t t6e Court shall fathw~th ~ppoint such rece~rer ~r~th ~ the usual powers and duties of receivers in like c~ses; and said appointment shall be made by tAe court as a matter of s[rict ri~ht ~o ~ the Nort~a{ee, and rithout reference to the sdequacy or inadeqwcy o( the ralue of the property hereby mort~aeed, or to the solvency ~ or insolvency of the Mort~asors a any other party de(emfant to auch suit. The Mort~~~or dereby speci(~cally r•aives the right to ob~ect ~ to the appointment of a receiver as a[oresaid •nd hereby expressly coeaents that sucA •ppoinhaent shall be made as an admitted equ~~y 'fE and as a matter o( absolute n{ht to the Nwtp~et and tha~ tAe same msy be done w~thout notice to the fNortsa6or. ~ (f) If torccloswe proceedinq should be ~nshtuad a~ainst the praperry corered Ey this awrtiase upon any other lien or cla~m whether ~ slle~ed to pe super~or ot ~unior to the lien of tl~is matpse, the Mort{a~ee rnay at his option ~mmedute{y upon mshtuuon of wch suit i or dunn~ the pendency thereof declare tA~s moetsa~e and the ~ndtbtedness secured hereby due •nd p~y~ble trxlh~ruh an~i may at ~~s ~ opt~ot? proceed to (o~eelose this moct~a~e. t _ Th~t the 61ott~asot rill ktep all re~l and personal property nor or hereaher encumbered by the lien o( :h~s mort~a~e msured as may 1 be required (roe~ time to time by the ~Aottp{ee as~mst loss by titt, W~ndstorm snd other hat~rds, caswlues and con~in~encus (or wch ~ = per~od~ and la not less than such anaunts as may Dt requ~red by the Mortsaaee and to pay promptly ~hen due all prem~ums for sucA ~nsurance. Tho amounts ot ~nsur~nce required by the bbrt~a~ee sAall be the m~nimum amounts for rQ~ch sa~d inswsnce sha11 be v.nttcn - and it sh~ll be insumAent upon the Mortp{or to ma~n~ain sucM sdd~uon~l msurance as may be necessary to meet and comply (uNy ~.~!h ` •Il co-insurance reQuirements conta~ned ~n said pol~cies to the ead that the sa~d ~lortp~or ~s not s co-~nsurnr thereunder.lnsurance f sAall bt rnttea by a comp~oy or compaa~es ~Ppcoved a des~~n~ted by ths Morta~~es and all polw~es and renerals thereot rhall 1x helJ i ~y tAe M«t~a{ee. Atl det~iled desi~nat~oes by tht Mort~a~or wh~cA are ~ccep~ed by the Mottsa~ee and all asreements between \Iort~aEor and Mortiasee rel~t~n~ to msur~nce, nov ex~stin~ or hereafeer made, sh~ll be in vntm~ •nd sha1) be a part o( th~s mort6aEe a~reement as fullY •s tAou~A set fortA verbat~m herem and shatl ~overn botA p~rties Aereto snd their successors and sssi~n~. No I~en upon any ~~t said polic~es o( ~nsurance ot upm any refund or return prem~uen vh~ch may be p~yable on the untellaUOn or termmat~on thercot, .hail ~ be {~ven to other than the ?{atp~ee, e~cept by proper endorsement •ff~aed to sucA pol~cy and •ppoved by N«~~a~ee. Ezch pot~~y msurance shsll ha~e aff~aed thereto ~ St~ndard New~ York More~a~ee Claust ~ruhou~ ContnDuuon, mak~n~ aU loss or lossc. under ~.u~h poficy p~yable to the Mort~~~ee as ~ts ~nterest may appeat. In the erent sar sum ot sums of money bbcodt a~abl~ t~ereundcr the ~t~~rc- ~s~ee sh~ll ha~e the optioe~ to rece~ve and aDD~Y ?he s~me on account ot the ?ndebtedness Aereby secured, or to perm~t th~ \1nrt~~e,.r - to rece~rt and use ~t, a any part thereo(, w~tlfout thereby ~a~v~nj or ~mpunn~ any equ~ty, I~en, w n~ht unJer and by v~r~uc o~ ih:~ nwt~~~e, In event of loss w phys~cal dams~e ro the mort~ased poperty tht ~Iwt~a~or sh~ll pve ~mme~iute nouae thc••rnf by °a•i ~ . tl~e #;dtta~ee ~m1 thc 11ort~a~ee may make prouf o( lo~~ ~f thc same not madc promp~ly by the ~lort~aaor. In r,rn: t~ac~i~~•urc ~ a;z ~ eco,ci~ n~cE ~ ~ - _ ~ _ _ _ - i ~ ~-K _ ~ y ~ ~~wt~ t'l*ta ~ i_ ' - 1 T } ~a'i'3'~. r~.~~7~~ ~ N` V KX'~i3 t~ ~Y^' ~..tr x ~ ~ ,7 '^v±iw`~~'j+_'~"iP5~9-~-aiP._°"c~Va`-s.._ __vc„±. `-~."-..e,t. ~ 6.e~, xl.