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Home My WebLink About0575 : ` PROVIDEn, ALWIIYS, that if tbe 1~ort~a~ot shall pay unto ihe 1Aott~a~ee the indebtedness ev~denced by a cenain ptomissory ~ote c+f which the followin~ in ro[ds snd fi~utes is a true copy tawit: ~dHN~L = 2,675.00 M;,m;,~1o~;,~ March 25, ~ ~ t9 72 ' FOR VALUE RECEIVED T p`omiee to p~y to the orde~ of the princ~pal sum o[ Two Thousand Six Hundred Seventy-f ve atid . , together with ~ntere~t thereun (~om date at the ate ot ten percent, per annum u~til maturity. both principal and i~tenat beir~ payabk in law[ul money u( the (lnited ~tate~ at B~sccay~~ Blvd., 111iami, Florida, or at wch other place ae the hdden hereof may dai~ate in writing. Principd and interest payable in installmepts as Edlowe: Fifty-five ($S5.00) Dollars per month, beginning on the 15th day of May, 1972, and continuing on the 15th day of each and every month thereafter until paid in full - • - This note may be prepaid in whole or irt part aftar one yeu fraa the date hereof upon payment of a pen~ity equivalent tu five percent of the principal sum prepaid. Each installment payment shalt be credited first on the intet+est due. and the remainder on principal; and interest shal) thrn~- upon cease upon 1he pri~cipal so credited. . Thc makers and rndorse~ ot ttiis note futther a~ee to waive demand. notice of noa-payment and proteat, and in the tvcnt suit ~lul) be brought iw the collection hereof, or the sime has to be collected upon demand oE an atforney, c~ wr ~«~~r'~ fres [or making such cdlection. flefeKed paymen~c hercunder shdl beu interest at the rate of ten peecent per annum fcom niaturitr uetii paid. 7'his note is secured by a mortg,age~of even date herewith and is to be eonstrued and enfoeoed accurdina to the laws of du ~tate of Florids; upon default io the Aaymeet of principal andlor int~est whee due, the whde eum of principal and interest ~rmainina unpaid shall. at the option of the holdees, become itom ' due and pa~rabk. 'C ~ (SEAL) Prepmd br Spiekr d~ Tendrieh. A~~orner. - 2Z~0 Biw~rne Bl.d.. Mi.nri. ~lorid. (SEAL) ar~d shati perform, comply with and abide by each and every the stipulations, agteements, conditions and cove- nants of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be nul! and void. ~ 1. The Mortgagor hereby covenants sod agrees: (a) To pay sll and sia~ulu the principa! and ieterest and otber swns ot money payable by virtue at said promissory eote snd this dced, or either, promptly on the daya respectively the same sereratly becomes due. (b) To permit, commit or sutkr no rraate a.~ud to mainuin the imptovemeals at all times in a state of aood repair and coaditioe, and to do or permit to be done to asid premises nothins that rill alter or chan~e t6e use aad e6~r~ctrr o[ said property or in sny ~vay impair a ( Meakta the security of this mort~se. And ia case of the refusal, nesleet or ieability ot the Mortsa~or to tepair and maintain s~id proper- , ty, the 1/ortp~ee may, at his optioa, mske sucb tepairs a cause the same to be made, aad advance mooeys in that be6atf. ~ (c) To pay all and sin~ulu We uxes, assessmenta, levies, liabilities. and obliNtions of evcry eatYCe oa said described property each ~ and every ~rhen due and p~yable ~ecordie~ to law, befae they become delinquent, aod to deliver to We Mort~a~ee on or beto~e Macch ' ! ISth ot eac6 year tax teceipts evideacie~ tde` payment ot ~ll la~rtully imposed ta:es tor.the precedia~ calendu year; to iademoity the r Mortj~~ee upoa his dem~ad for all t~:ea. sssessments !nd charses tNat eo~y be ~ssessed upon [his mort~ase on the indebtedaeas s•- cured hereby, and paid by tAe mor[sa~ee~ without ressrd to any la~r beretofore eaaeud a hereafter to be eaacted imposins payment of the rhole or any •art thereof upon the Alortsasea ; (d) To psy all aad sinsulu the costs, chsr~es and eapenses. iecludin~ laryers' teea and absUaet costs reasonably incuned ar paid at any time by the Martsa~ee because of the faiiure oo che part of tAe Mortsa~or to pertmm. ceoply with and abide by each and every the a~ipulstions, aareements, conditions and covenants of said promissory note artd this deed, oc eit6er, and every sucA'payment shall bear interest Iroan date at the rate o[ tee (f0'~) per cent~ pec annum. - ~ (e) It is turther eoven~nted aod a~reed by said ps~ties t6at in tAe event ot • suit bein~ imtituted to fareclose this mortpje, the Mort- ' p~ee shafl be entitled to •pply at any tiee peodias suc6 Ioreclos~e suit to the court hariaa jurisdiction thereof fa the appointment ot a receiver of all and ain~ul~r tAe wo~t~a~ed p~opetty, and of all reota, iacames, proCts, i~sues ~nd revenues tAereof, iroro vhatsoever souree derived; aad tl~ereupon it is 6ereby e~spcessly coven~nted and a~reed tha[ the Court shal! forthvith ~ppoiet such receiver with ' the wwl powers snd duties ot receivers in-lite cases; aod aaid appointment shaU be made by t6e court as a matter of strict ri~ht to the Iblort~a~te, and without teterence to the adequacy ot inadequacy ot We •slue ot the property hereby mortp~ed. or to the solvency ~ or insolveacy o( the I~lor[ss~ars or any other party defendant to anc~ suit. 7T~e Mat~ata dereby apeci(ieally raires the ria6t to object to the appointment of ~ receiver as• a[oresaid and hereby e:pressly cansenta th~t such ~ppoinueent shall be made as an sdmiteed equity and ss a nutter o( absolute ri~!?t to the Mortq~ee and that t6e same may be done without notice to the Mort~asor. (f) It foreclosure proceedia~s s6ould ~e instituted a~ainst the propetty covered by thia mott~ate upon any other lien or claim ~vhether alle~ed to be superior ar junior to We lien of tbis aoortpje, the ?Iwt~asee msy st bis optioa immediatcly upon ~nstitut~on ot such su~t or durin~ the pendency t6ereot declare t6is mortsase and the iedebtedaess secuced hereby due and pay~ble t«thwith and may a~~ts option proceed to foreclose t6is mortp~e. l'hat the Mortq~or vill keep all ~eal and personal ptoperty ao~ a hereaRer encumbered by t6e tien of this mortga~e +nsured as may be requited froo time to tisie by 1be Mortsaste asainst loss by fite. rrindstam and other Aazards. c~awlties and contmeencies tur such periods and ior not less Wsa such amounta as may be required by the MortN~ee aed to pay promptly rhen due atl premiums for such insurance. The amounts of iasursnce required by tbe Moresa~ee s6aU be tAe aiaimum amounts tor rd~ch said insurance shsll ~e r•ntten snd il shall be iecumbent upon ~he Mott~~sor to maintaia such additiaeal inswance aa may be necessary to meet and comply fully r~th ' •11 co-insutance requittments contained in s~id policiea to tht eod that the said Motts~~ot is not a co-insuror theremder.insurance s6a11 be vnttea by ~ co~papy ot cotyaoies apptoved or desi~nated by 1he Martjssee ufd ~II policies and ~eae~ralc theteof shall be he1J by the Mortsa~ee. All detailed desi{aations by the Mort~a~or which are accepted by tde Mortp~ee and all asreementc betreen Mortsa6or and Morts~~ee rel~tin~ to insurance. no~r e:istin~ a hereafter made. shall be in vritia~ and sh~ll be • part of this mortpse asretmeet as fuNy as thou~h set fath verbs::m :,~;tin :;,d shaJl sorem botA p~rties hereto and their successors aad assi6ns. No lien upon any nf s~id policies of insurance ot upan aar retund or return premium which may be p~y~ble on tlie c~neeilatioo orterminat~on thereof, ~hall be ~iren to other than the Mortp~ee, escept by proper endorsea~ent a(tixed to suth polity and-approved by Mw~sa~te. Each pol~cy n( insurince ah~A h~ve affixed thereto ~ St~nd~rd Nerr Yor4 Mortq~ee Clause ~rithout Coouibution,.o4kin~ all loss w Iossc. under ~uch policy psyable ~o the Mort~a~ee as its ~~terest msy ~ppe~r, In the e~eat ~ay sum or sums ~of money bccoo?e pay,~ble thereunder ?he ~1on- ~ ~a~ee sAalt hare the option to receir•e and apply the s~ae on acco~+nt ot tAe i++debtedness hereby secured, or to permit the \lnrtgap~rr to receive and use or any part thereo(, ~rithout thereby raivin~ or impairin~ any eq~ity, lien, ot n~ht under and by vutue ot th~. enort{ate. In event of loss or physical d~mafe to the nwrt~a~ed property the Mortq~or sh~Il {ive ~mmed~att eohce thercot by rca~t tAe Mortp~te and ihc Mortp~te may makt poot of loss it fhe s~me ic not made ptonpUy by the Slat~aaor, In cccm .~f IiKe~l~~~urc n( ~ ~ ` ~~R20i 57'4 ~ ' ~ ~ k _ . ~ . ' ' ~ . _ , r,'~ ~y.: "cu ' ~~~~~~``F - . ' ~ ~ - ~