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Home My WebLink About2952 PROVIDEn, ALWAYS. that if the Mott~a~ot shall pay uoto the ~brt~a~ee the indebtedness evidenced by a cettain promis:oty note of which the (ollowin~ in wotds and [i~ures is a true copy to-w~t: = 6, 250 . 00 ;N;,,,,~, Fiorid~ March 23 , t~~7~____ FOR VALUE RECEI~~ED We, jointly and severally, Promue P~~ to the ord~r of __~QI~$I~$OTHBART the principal sum of S1X Thousand 'I~ao Hundred Fifty and no 100 Dol.L.~F~, togeth~r with interr,t theceo~ [mm date at the nte of ten percent, per annum until matutity, both principal and interest being payabte in lawlul mon~~~ uf the L'nited ~tates at '.'.°.-1-L Biccayne Bl~d., ~liami, Florida, or at such othe~ place as the hulde~ hereof may de:ignate in Mnting. Principal and interc~t payable in installments as follow~: One Hundred Five ($105.00) Dollars per month, for sixty (60) consecutive months, on the ISth day of each and every month, beginning on the lSth day of May, 1972, and continuing until the lSth day of May, 1977, at which time the balance shall become due and payable. This note may be prepaid in whole ot i~ part after one year from the date heceof upon payment of a penalty equivalent to five perce~t of the principal sum prepaid. ' Each installment pay~nrnt shall be credited first on the interest due, and the remainder on principal; and inte~t shall thrrr- upon cease upun the pnncipal so credited. The makers and endorse~ of this note further a¢ree to waive demand, ~otice of non-pa~ment and protest, and in the event suit ~hall be brou~ht for the collection he~eof, o~ the same has to be eollccted upon demand o[ an attorney, to pay rea,onable attorney~s fer~ for making such collection. DefeRed payments hereunder ~hall beu inteKSt at the nte oI ttn percent pcr annum Gom maturity until paid_ This note is securcd bv a mort~age oi even date herewith and is to be construed and enforced accordiryt to the laws of the State of Florida; upon drfault in the payment of principal andior interest when due, the whole sum of pnncipal and interest remaining unpaid shall, at the option of the holders, become immediate due ar?d payaWe. ~ ~ ; • ~ 71 ~ ~ _ (SEAL) ' ~ ~<<,1, ,,L, (S~E/KZj Reparcd by ~piekr d~ Tendrieh. Attoener~ - 2240 Bi~cayne 81~d.. Miami, - / anJ shall petform, comply w~th and abide by each and every the stipulations, agreements, conditions and eove- namts u[ sa~d promissory note and of this deed, then this deed and the estate thereby created shall cease a~d be null and void. 1. The Morttasor hereby covenants and agrees: (a) To pay all and c~n~ulu the pt~nc~pal and in[e~est and other sums of money payable by v~rtue o! said prom~ssory note •nd ~h~s deed, or eithe~, pomp~l~ w+ the days respectively ~he same se~erally becomes due. (b) To perm~t, comm~i w sutter no ~ra~te a~d to ma~nia~n the ~mprovementa a1 •11 umes in a shte of {ood repa~r and c~nd~t~on, and :o do or perm~t to be done to sud premues noth~n~ that will alter or chan{e thc ufe and c6u~cter of sa~d property or m any Way ~mpa~r or ~ re~ken tht secunly o! tAis m~xt~~~c. ~nd in case o( the refusal, ne~lect or m~b~lity ot the Mort~~~or to tepair and m~inu~n s~id proper- ty, thc Matp~ee m~y, at his op~~on. make ~uch repa~rs or cause the ssme to be made, and ad~ance moneys ~n that beh~lt. ' (c) To pay all and a~nsular the taxe~, asscssments, lev~es. I~ab~l~ties, ~nd obli~~t~ons of cvery nature on said described property e~ch i and e~err ~rAen due and payable accord~n~ ~o la., betare they becane del~nQuent, and to Jeliver to the Mortsasee on or bcfore M~rch ? IStA of e~cA year taa receipts e~~dencins the pa~ment of ~11 lavfufly ~mposed t~xe~ for the preced~n~ e~lend~r ye~r; to ~ndemn~ty the s Mort~a~ee upon his dem~nd (or all taaes, asses~ments and ch~r~es tAat raa~ a~sessed upon th~s mort~a~e on the indebtedness s•- + cured Aeieby, and pa~d ~y the mo~~~~~ee, ~ uhout rc~ard to any I~w heretotore en~cted or here~fter to be enacled ~mpos~n~ ~~yment of ~ the ahole or any ~art thereo( up.n the A1ort~asee. ~ ~ (dl To p~y afi aod a~n~ular Ue costs, chu~es anJ expenses, mcludm~ I~Wyen' tees and ~b~ir~c~ costs re~sonabty mcurred or p~id at } ~ny ume by ~he Mort:a~ee be:ause of the fuluce on the part of the Mort~a~or ro perform, comply w~uh and ab~de by e~ch ~nd every the ~ st~pulahonf, a~reements. cono~uons and covensnts o( s~~d pran~ssory note ~nd tAis deed, or e~ther, and e~ery such~p~ymeot shall bear f mtero~t tran d~te •t the r~te of ten (10'~.) per centwo per annum. ~ ~ (e) It i• furteet corm~eted ~nd •Rreed by ~aid p~tues that in tAe event of a su~t Dem~ in~t~tuted to faeclose this mort~~~e, tAe Mort- ~ p{es sM~ll be entitled to ~pplr •t any time pendin~ such toreclosure suit to the court havin~ jurisdiehon thereot tor the ~ppointment ~ of ~ rstei~er of ~Il and sin=ular tAe mwt~a~ed property, ~nd ot ~11 rents, iacomcs, prof~[s, ~ssuei ~nd revenues tAereof, from vh~uoever ~ source denved: ~nd thereupon it ~c hereby eapresslr coren~nted •ad ~~reed th~t the Court sh~ll (ortA~r~tA ~ppoint such receiver ~r~th ~ the usual poners and dut~es of receive~a in like c~ses; and iaid appointment shall be made by the court ~a a matter of strict ri~At to ' the Mort~~~et, ~nd ~v~~Aout reference to the ~dequ~cy or ~n¦a~a~.~r o( the v~lue o( the propcrty Aereby mort~s~ed, or to the ~olvency ; or ~niolreney of ~he Morti~~or• a:ny othcr p~rty de(endant to auch sult. The Mortp~or hercby spec~hcally v~ive~ thc r~~ht to ob~ect 3 to the •~o~atercnt of ~ recei~er as atoresa~d •nd hereby eapreislr conieets t~~t •uch •ppo~ntment sh~11 Ae m~de •s ~n adm~eted eQuity •nd u~ wtter ot ~b~olute ri~ht to the I?1wt~a{ee and th~[ ~he •~me may be do~e ~~thout notice to ~he Mort~~~o~. (f) Jf taeclosure prxesdinp should bc insututed •pinst the proOerty torered by tA~s taort~~~e upon anr other I~en a clum wAether ` ~ •Ile~ed co pe supenor ar junior to the lien of this ~atp~e, tAe Mort~~~ee roay Ais opnon immedutely upon ~nstiWUOa o( such sui~ ; ~ a durm~ the pendeacr thercof declsrc this matp~t •~d the ~ndebtedness secired hereby due •nd p~yable (athrith and m~y at ~ts ~ } optio~ proceed to faeclo~e tAis matas~e. - (t) TAat the Idatp~a v~ll keep all real ~nd personal propertr no~r a herteRet eecumbered by the I~en o( th~s mortp~e msured as may be required fran tise to t?ee by the Mort~~~ee aasmat Iws br (ite, v~nds~ae+ and other ha:~rds, caswluee ~nd contm~enc~es for such " oer~od~ and ior not le~~ th~n iuch •mounts w~y be rsauued Ay the Mort~~~ee ~nd to p~Y Oroe~ptly ~rhen due •11 prcm~ums for sucA - ~niurance. Tl+e amount~ of ~n~ur~net requued by tAe Mort~a~et ah~ll be tAt m~n?mwe ~mounts for rhich s~~d ~nsur~nce sAall be ~vntten atW it shall be ~ncusbent upon the Mory~~or to mamq~n such ~dd~t~oa~l ~naur~nce as m~y be nectss~ry to meet ~nd comply fully w~tA _ •11 co-~n~ur~ece requirements cont~~ned in said policie~ to tbs esd th~t tAt sa~d ~{at~~{ot ~s no~ s co-insuror thereundei.lniur~nce ~ ~hall be ~rnttee br ~ cosp~er a caAy~oies approred or dts~~n~ted by the Mort{~{ee ~nd ~11 pol~c~es and renewls tAereof sh~ll Se held by tAe F/atp~ee. All de4iltd desi~a~t~ons by tht Mor1~~~a ~rhich are ~ccepted br the ?lat~~{te ~nd all a~reements eet~een Mort~~~or _ and Mart~~~ee rel~bn~ to ~n~ur~nce. nwr eaistins or here~fter wsde, sh~ll be in ~rntm~ and sh~ll be • p~r~ ot ch~s a~or~p~e •~reemcni =i3 u r~ur u tAou{A aet to~th rerb~t~~ Aersm ~nd sh~ll ~o~ern botA p~rt~es hereto ~nd their succesion ~nd ~ssi~ns. No hen upon ~ny of _ ~~Id policics of msur~nee or upan ~ny re(und o?return Premium ~AicA es~r be p~y~ble on the c~eeellauon or ~erm~n~uon ihereot, sh~lt ~ be ~~~en to ot6tr ~d~n the ~lort{~{ee, t:eept br proper endase~ent ~((~:ed to sucA pol~cy ~nd ~Ppoved by Mort~~~ee. EacA pol~cy of ~nsYr~nce ~Adl b~ve ~(Gsed thealo • St~ndarA Ne+ Yort Mortp~te Cl~uae r~thout Contnbuuon~ m~tin~ •ll loss or losses under ~uch ~ policy p~rible to the A~lortia~ee •s ~ts ~ntere~t nuY ~Pw~r. Iq tbs er~et ~ay tum ot suru of money become p~ysble ~hereunder ehe Nort- i p~ee ~halt h~ve the o0~ion to rete~~e ~ad •Pply tAt ~~~e oa aeeo~nt of the ~ndebtedness herebr secwed, or [o penn~t the ~Iort~aEor - ~o rscsi~e ~~d wt or ~nY ~rt dureo(, r~thoW thuebr w~ivia~ o~ ~mp~u~n~ ~ny eQditY. lien, o+ n~ht under and by r~nue of ih~~ ~ n~at~c. In cvcm of to~• or pbr~icN d~wa~e to the eo~t~s{cd property thc Mort~~{a sA~ll ~ive ~nwned~att nouct ~hereo( Cy ma~l i~~ -.c' the tilwts~~ee and tAe Mort~~~ee ~eay ayke proof o( losa ~t tAt s~me ~s not made ~K~y~~~Mat~a~or. In evenr nf (orc.l~•ure nf y l , i _ po UC D _ ' ~ f '+c ~ ~ R? '4- : _ ° ~ ~ 4~' zy~ ~'s ~ ~ ' 4 ~ .n~~ ~ ~'~..~.~s._ t.~F4:~.~ 3 tie~ s . . . . ~ '~S~`=`°'~+°