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Home My WebLink About0765 - . ~ . ! ~ PRUVIDEn, ALWAYS, that if the ~kxt~a~w ahsll pay unia ~he ~brt~a=a~ tho ~ndebtedness e~denc~d by t cetlain prum~as~xy note_.,c.f whi~h th~ fult~~~n~ ~n wurds and fisuras is a trua copy to-v?~t: ~ s 825.00 ~ • Mwn,. Fior,da March 2$, 1972 ~ FOR VALUE RECEIVED__ We~ iointlY and severalLy, p~omise copay ~ co che order oE JACOB J TIEGER AND L LLIAN T EGER S ch~ pRncipal sum oi one Thnusand Eight Hundred 1~aenty- f ive and , togethe~ with interesl thereo~ Imm date at the rate of ten perce~t, per an~um unW maturity, both principal and inte~eat bei~ payabie in lawiul mo~ey of the U~ited Statea at 2244 Biscayne Blvd:, Miami, Florida, or at aucb other place as the hddas hutiwl may designate in writieg. PriAcipal and 'u?terest payable in installments as follows: . + - Thirty ($30.00) Dollars per month, for sixty (60) consecutive monChs, on the 15th day of each and every month, beginning on the 15th day of May, 1972, and continuing until. the 15th-day of May, 1977, at which- time the balance shall become due and payable '1'his note may be prenaid in whole or in Dart atter one yeu from the date heceof upoa payment of a peaalty equivalent to five petceet of the principal sum prepaid. - Each installment payment shall be credited fust on the intee~est due, and the remainder on pri~cipal; and interest sball there- upon cease upo~ the principal so credited. • The mtl~ers and endocsers of this note fntther ag~+ee to waive demand, notice of non-paymcnt and proteat, and in the eve~t it shall be brought Eor the cdlection hereoE, or the same has to be co~lllected upon demand of an attorney, to pay reasonable attorn 's fe~ [or maicing such coqection. DefeRed payments hereunder shaU beu interest at the rate of ten pe~+ce~t per annum from maturity unti! paid. This note is ~ecured by a mortgaga-of even date herewith and is to be construed and enforced according to the laws of the • tate of Florida; upon default in the payment of principal and/or interest whe~ due~ the whole sum af principal and interest - mairting unpaid sha11, at the option of the holde~s, become immediately due and payable. - %t r;' =~T. -C L~--tr~,.ti'- (SEAL) ~ f) / J ~ ~ ` Y~ : I f is.~ ~ ? 1 l 1.sr~ l~ ~ ` ~.SG/1j.~ PrePued br SPKkr 6 Ta~drich. Mtorneys - 2240 Bisay~ B~•d.. Miami. F~ - ar~J sha!! 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 aad the estata theraby created shall cease~and be null and void. . 1. The Mortgaaor hereby covenants and agrees: _ (a) To pay all and sin~ulu tbe principsl aed interest and othet awes ot moaey payable by virtue ot said proarissory nott and this deed, or eithe~, promptly on tAe days respectirely the same severally beeooes due. (b) To permi~, eo~it or sutter no ~aate and to aainairt the improremeats at all times in a state o( ~ood repair and coaditioo~ snd to do or pensit to be done to said prcoises eotAins thst ~ill alter w cb~n~e tbe use and cbuscter ot said property or in any way ispair a resken the secwity ot tAis ~tsase. And ia case ot tse refnsal, ne~lect or ieabilitr ot the Mmt~asor 1o tepair and ~aietaie said proper- tY, tAe Mortp~et may, at his optioo, mske sucb repsus a cause the saarc to be wade, aod advance ~ooeys in ti~at be6slf. (c) To pay all and sia~ulu We a:es. assessseats. levies. IiaDilities. and obliptioos of erery oature ae said described property each and e•ery rhen due and payable sceordiaj to lar, befwe Wey becase ds)iaqueat. sed to deli~a to the Mort~ssee oa or be;ore Narch _ lStA ot eac6 year t~a receipta er~~q~in~ the p~ymee~ o( all lavfutly ioposed h=es [or.the precediai calendu yesr; to iudea~aify the ~~i~6e4 upon his deoand for all taaes, sssessaeets and char~es that pr be assessed upoe t~is ~ortsa~e oe dee indebtedaess s~- eured hereby, swd Mid br the ~«tsssee, rithout reprd ~o sny Isrr beretofore eoacted a berea[te~ to bs eoacted imposios p~yment of the rhole or any ..srt thereof upoe [Ae Mortsatee. (d) To pay alt and sinsulu the costs~ charses and expenses. ~ncludin~ la~ryers' fees aod abatracl costs reasonably inturred ir paid at - any uaie by the Mor[sa~ee because of the (ailure o0 1he part of tAe MortEasot to peifpm. coyly rilb sAa abide by each an+ every tbe stipulat~ons~ a{retexnts. cadi~ianc aad covenants ot said prooissay note aad this deed. a eiWer. and everY sucA~paymeo4 shall bear interest (ram date at the rate of ten (10''i) per centum per annua. ~ (e) It is turt6er covenaated aad s~eed by said parties that in the eren~ o( a suit bein~ instituted to foreclose this aottqss. the Mort- psee shaU Ae entitled w apply s~ ssy tierc psndins sucA (oreclwure arit to t6e caut ha~iwa j~risdictiow ~hereot (or t6e ~oiel~eat --ar , re~e~~~r ot :n ~na .~~~u d~~ .o.~s.Ka aover~y, and of all teets. iocooes. profts, issues and reve~es thtreof. ho~ ~rhatsoever source derived; and thereKpon it is hereby e:ptessly covewnted aad sSreed tAat t6e Court s6a11 torth~ritL appoiot sucA receivet ~itb the uswl po~rers and dut~es o( receivers in like casea; aod said appo~atment shall be aade br We court as ~.atter of strici ri~ht to the Nortsaaee, axd vithout retereece to the adequacy w iaadequaey of tAe value of t6e ptoperty hereby matp~ed. a to the solvency or insolvency of the Mwts~~ors a any other party delerklant to such suit. T6e Alortjasor Aereby specitically wrsives tht riµt to object to the appointment ot a rtce~ver as s(oresaid and~hereby e:pressly coaseeta tAat sueh appointmeot sha11 be sade as an adroitted equ~iy atd ~s a matter o( absolute ri~At to tbe Mortp~ce and that the sa~e ~Y be doae without notice to ihe Mortsaaa. (t) If (oreclosure proceediap should be ins~ituted asaiast the property covered by this mottp~e upoa any other lien or ciais w~hether alle~rd to be superia p juaia to t6e liea ot tbis mortj~te, the ~lortsajee wr at 6i; optioa is~ediatelY ~Dos IAS[~lYllal OI SYCA fYll or dnria~ We pendescy thereof deelare tbis ~ort~ase awd tbe indebtedeess seeured hereby due and payable taihwith and aay at its optioo proceed to foreclose t6is e~at~ase. (s) That the Mortsa~or vill keep all re~l and personal property oow a hereafter enc~obered by the I~en o( this aoort~aje iaswed as may be required trom time to tie~e Dy Iht Mor~~aaee a{ainst loss by tire, wmdslam and othet hszuds, caswlties and cont~n~eocies fw snch . penpde and ior not lesa ~hs~ sucb awo~+nts u wy be required by the ?brtp~ee and to PaY pramptlY ~rhen dae all pre~iuq ta such " insurance. The amounts of iasursnce reqtured by t~e 6lorts~~ee s6aN be the sisi~ue amounts fo? rbicA said insurance sAsll be rritten ard it sAall be incumbsnt upun the Ir{ort~aaor to msiataia such addi~ioaal iosuraace as auy be nccessary to meet aad canply lully ~ith all co-insuraece reOt?ire~ents contaiaed ~n said policies to 1he eed that the ssid ?/ortea~or ~s na s co-~asurw tAeceunder.(nsur~nce sAall be rrntten by a cospany a caopsaies sppoved a desiansted by the 1Nortsa~ee and all policies amd reae~sls tAereot shall be Aeld by tAe M«~qsee. All detailed desi~tations by tbe yortsaaor whtth ut accepted by the Mat~a~te and all asrecmtsts between Mort~a~or and Mortsasee rel~tin~ to inaur~nce, aor esiatia~ or herea(ter msde, shalt be in vritins aad sAall be s part of tYis mortpss a~ree~ertt as fully as thoujh sst fo?th r~rb~tim 6ereie aad sh~l) ~arern both parties hertto and tAsit swccessors and sasi~,ns. No lien upon any of said policies ot insurance a upoa aay re(und or retum premiua~ ~hich a~r be p~q~ble on the csqeellatio~pr terwin~ttos the~eoj. shalt be ~iven to other tAas the ~Iatsa~ee, except by proper eedorse~at ~(fiaed to sucA policy ~nd apprared by ~1ort~a~ts. Eacb policy ot inswance ahall have atfixed theteto ~ Stand~d New~ Yart Nort{~pe Clauss a~itbout Coothbution~ ~eakin~ all Ioss at losses w~der auch policy payable to tbe 111ortp~ee as its ia~erest ssy ~~/esr. la the eveet ser sue or suss ot aancr becw~e Nrable thereunder the ~1ort• `a~ee shall have tAe optioe to receire and apply the same ori acca~nt of tbe iadebteMess heroby secuted~ or to oer~it the Mort~aEor to receive and use it, or ~ny put thereof, without thereby vaiv~aa a ~mPairin~ e$aitp„ litn. oi ri~Yt undtr and by vut~ee of thu ~~t~te. In event of loas ot physical dsma~e to t6e a?ort~ased p~openy th!'~t~{~~ ~ail ~~ve ~metdNte nonce thereof by ma~l tu ~ ~tht Maljasee and tAe llwtsssee may mskt proof o( loss i! the s~mt ~s not enadc ptomptly by the !?tott~saot. In event of (oreclowre o( . - . ~ ~ • ' a~" .z : h~ _ _ . ~~„_Y~•~~.~r'~s~z~- ` a ~ _ . ~ _ .