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Home My WebLink About0897 . , , ~ ~ ~ {'RO~'1[)[:I), :~LNAYS, that ~f ~he ~lurtg:~gur .hall pay untu ~hr ~IO(16:1$CC 1FIC ~ndtbtedncss rv~drnced hy a ce~tain pnanissury nute ~~f wh~ch the f~11~Ning ~n wurJs anJ f~gures is a Iror cupy to-v?it: ~ ~o~t~agc ?Zati . ~ g 4~ 675 . 00 _ ~tiami, Flor~da_ February 24 ~ ly 72 F•~?~ : ~~J We2 joint~ aRC~ several ly ~ pruiui~r tu pa~ tu th~ ordrr of I b~ ~~~1AN ~ - - - no-} 04--- - - - - ~h~ p~~~~~•~pol ~u~~ o~ Four Thousand Six. Hundred Seventy~five aR~ ~N) .C:~R~, t~~Kr~h~•r..~d~ t6rreun Gu~u date at the ratr uf trn pcnenL prr annum untii maturily, twtl~ principa) and int~•re>t liring pa~ able in lawful n~ou~•y Nf ( the l~nited ~tate. at '~'.'.-4~ ltiKayae t3hd., ~liami. Florida, or at ~uch other place as tl~e holder~ hercuf may de~ignate in writiyrg. Principal a~d intrrrst payable in in:tallment+ as fulluw.: ~ Qne Hundred ($100.00) Dollars per month, beginning on the 15th day of April, 1972, and continuing on the 15th day of each and every month thereafter ur?til pai~ in full. k This note may be prepaid in whole or in part after one year from the date hereoC upon payment of a penalty equivalent ; to five percent o( the principal sum prepaid. ; Each irhlallmenl pa~•mrnt ~hall br c~rditr~d Gnt on the interest due, and the remainder on principal; and intere~t shaU thrr.•- ~pon ceasc upun lhe principal so rrrdited. Tl~e maken and rndurkn uE tliis note [urther acrce to waive demand. nutice of non-pat•ment and protest, and in the evrnt :uit 1 ~hall bt brvught [ur the cullrctiun 1?ereof, or tlie same hs: to be collected upon demand o[ an attorney, to pay ~ea~naLle atlorney ~s frr.: fur makinp ~uch cullrcliun. De(crrcd pay~ment~ hen under ~hall bear int~•rr:t at the rate of ten percent p~r annum fmm matucity until paid. t 7'hi~ note i~ secured bc a mort~aKr o[ even date herewith and is to be constn~ed .nd enforced according to the laws of the ~tat~ o[ F~lorida• upon default in thr pa~•ment uf principal and~or interest when due, the whole sum o[ principal and intrrect mmaining unpaid ~hall, at the option uf tLe holder~, become immediately due and payable. - s ~ 1 l ~ ?-c r%--;/ (SEAL • , ~ Jv'.v~~ ~ i~.~~ ~ ~ ~ ..,^EAL) . Prepand by ~pieler 8 Tendri~h. Attorncys - 2'240 Biscayne Blvd., Miami, Flot~d ~r~d ~hall perform, comply with and abide by each and every the stipulations, agreements. conditions and cove- ~ nants of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be null and voed. 1. The !1lortgagor hereby cuvenants and agrees: lal To pay all and ~~n~ulsr the pr~ncipal and interest and other sum~ of money payable by v~nue of sa~d pran~ssory note and th~s decd, ur either, prompily on the days respect~vely the same severally becoteks due. ~ (b) To peno~t, commit or sutter no raste aod to ~aa~ntam thr ~mprovements at all times ~n a sta~e of `ood repa~r and cond~t~on, and to do or perm~t to be done to said psem~ses aothin6 that wrill aiter or chanae the use and cdaractet ot said prope~ty or in aay Way ~mpair a rcaken the security of Ihis mat~ate. And in case of the refusal, ne~lect or iaability of thc Mort~asw to repau ard ouinta~n said proper- ty, ~he Mor~pEce may, st his opt~oe, make sucA repa~rs or cause the same to be made, and adrance eeoneys m that behalt. E (c) To pay all and ~~nsular the uxes, assessments, levus, I~abilities, and obli~atio~s o( erety nawre oe said described property each ~ and every vrhen due and paya~le accordina to lar~, be(ore they become deliaqurnt, and to deliver to the Mortp~ee on or be(«e MarcA ~ ISth of eacA year tax receipts evidencin~ tde payment of all IaW fully ~mposed ta:es for the precedin{ ealendar year, to ~ndemn~fy thc ` ~ ~lortia6~e upon h~s demand fa all ta:es, a~sescments and charsec lhat mar be assessed upon this mort~ase on the indeb[edness s•- ~ cured hcreby, and paid by the m~t~aEee, r~[hout regud to any la~ heretofae macted or herca(ter to be enacted ~mposma payment o: the rhote cu anY ~art thereo( upex~ the 111art6a`ee. (d) To pay all and s~nsular thc costs, char6es and etprnses, includ~o6 laryers' fees aad abstract costs reasonably mcuned rx paid at ; any tim~ br thc MortgaEee because of the (a~lure on the patt ot tht ~tortEa6or to perfotm, coreplY with and abide by each and every the ; ~ supulat~ons, a6reemcnts, cond~tions and corenants of sa~d proaissoty note and this deed. a e~ther, and everp such~payment shall beat _ ~ mtercst fran date at the rate of ~en 110`i) per centum per annum. • ~ 4 ~ le) It is furthet covenanted and a{reed by sa~d pacues thal ~n the e~'en~ of a suit bem6 mstituted to (oreclose th~s morlaaat, tAe 111ort- ~ sa~ee shall be entiUed to apply at any time pendin6 such (oreclosure suit to the court havina jurisdiction thereof tor the ~ppo~ntment ot a rece~~er of al! ~~a S~~a~~~r ~ne R~o.es.eea aoar~y, and of all rents, ~acomes, prof~ts, ~ssues a~ « renues the~eof, from rhatsoever ~ source derived; and thereupon it ~s hereby expressly covenanted and a~teed that the Coutt sAall fotth~itR appo~m such rece~ver ~r~th the usual porerc and duhes of recchers m like cases; and sa~d appomtment shal) be made by tde court as a ma~ter of strict ri~ht ~o ~ ~ thc N.xtaa`ee, and +'~thout reference to ~he adequac~ ~x madequacy o( the value of the property heteby mott~a{ed, M to the solvency ~ ~ or insolvcocy of the Alortsasas or any atAer party detend~nt to such su~t, The Mwt~a6~ hereby spec~f~cally saives the nsht to ob~ect to the ~ppo~ntmen~ of a rece~ver as aforesa~d and hereby e:pressly conseMS that such appomtment shall be nude as an admuted equ~ty ? and as a matter ot absolute ri6ht to the Mor[~a`ec and that the s~me may be done w~tAout nouce to the Nwti~6~- If) If (~?eclosure proceedin~s should be ~nst~wted against the property corered by th~s mwt~age upon any other lien ot claim whether alleged ~o be superior a ~unior to the I~en o( this mort6ase, ~he 6lortsa6ee may at his ophon immed~ately upon ~nstitut~an ot .uch su~t ~ cr dur~n6 the perdeney thereof declarc this mort6aae and the ~ndebtedness secured hereby due and payable toi~hwUh and may at i~s ; ~ opt~on proceed to (oreclose tA~s m«tsa6e. That the ~11ort6asor r•ill teep all teal and personal property no~ or hetea(ter encurnbeted by the I~en of iAis tewrtgase ~nsured as may be reqwred from time to tiine by tht Mortga6ee against loss by f~re, w•~mistotm and olhrr hazards, caswlues and contmgenc~es tor such penods and Iw not Iess than such amounts as may be requued by the Mort~a~ee and tu pay promp[ly when due all prem~wns fa such m.urance. The ame.unts of ~nsurance tequ~red by the MottRaEee shall bt the min~mum smounts (a rh~ch sa~d msurance shall be wruten ~ ;j and chall be incumbent upon the Mort6agot to mamta~n such addiUOnal ~asurance a~ may bt necessary' to meet and comply fully w~th i ~ all co-insurance reyuiroments eontained ~n said pol~cses to the end that the sa~d Mwtga~oc ~s not a co-insuror thereunder,lnsutance shall be wntten by a company or compan~es approved or des~goated by the Mottp~ee and all poLcies and renevrals thereof shall be helJ tiY ~F~ +1a~6~6«• ~1~~ deq~led dec~~nahons by the Nort6a6or wh~ch are accepted by the Mort~a`ee and all asreements between Mortpew ~ and Mat6a6ee relWng to insurance, no~~ eaisun6 or herea(ter madt, shall be in ~antm~ and shall be a patt of this mat`a6e a6reement as tully as though set torth vcrbahm herem and shall 6orern both patties heroto and their successors and assi~na. No hen upon any of - sa~d pol~cies o( insurance or upan any retund or return prem~um which may be payable on the uneeU~tion ot termmat~on thereof, shall 'r~ be pven to uther ~han the Mort6aste, e:cept by proper endorsea?ent affi:ed lo such pol~ty and approved by Mort6atee. Fach pol~cy nt ~nsurance shall have a(fixed thereto ~ Standard Nev Yotk Mwtja{ee Clause Mr~thout Contribut?oa, makin~ all loss or losses under 5uch policy payable tu ~he Nortp6ee ~s rts mterest may appear. !n the event any sum or sums et money become psyable thereunder tAc Vort- 2 ga6re ~hall have the opt~ot~ to rece~ve and apply the same on account of the indebtedness hereby srcured, or to perm~~ the \1~rtga~or ~ }f to rece~vc and use u, a any part ihercof, w~ithout thercby r~aivms or ~mpairir?s any equrty, Gen, a nsht under and by vrrtue o( thl, ; ~~E~6e. In event o( loss ot phys~cal dama6e to tht mott6aeed prope~ty she Nort6a6a shal! Eive ~mmedute not~ce Ihercof by ^~a~l t~~ ~ i=y the ~tuclgasee arwl thc ~1ottEaEtt may make proof of !u>. ~f thr xame ~s not made promptly by the ~torta~gor. In e~rn~ 9f tore~l9~ure ot ~ ~ # L'~ BOOK~ PACE 8~77 . ~ 4 - _ - - - _ ~ ~ . _ . _ . _ . _ y:.~ .__r. ~ ~