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Home My WebLink About1049 ~ .,i'; ~ PROVIDEII. ALWAYS, that if the Mort~a~ot shall pay unto the Mortts~ee the indebtedness evidenced by a cectsin ptomissay note of which the followin~ in word: +~nd fi~ures is a t~ue copy tawit: ~4HNG~~ ~~4tG = 2,025.00 _ (liiam~,Florid~ April 1, 19 72 ~ FUR VALUE RFCEIVED i oi n v and S v al 1 q' p~omix to pay to the order o! EVA WYMAN ~ TRUSTEE the principal sum of ~a ThOUSBttd 1~ieRt five and no 100------- DOLL:lRS, togathrt uith iate«•t ~ I thereon iwm date at the nte of ten pe~cent, per ant?um until maturity, both principal and interest being payable i~ lawful mooey uf - L' :iirc! ~:s:cs at 22~ Sise=~R- RI~~., ~liami. Flori~ls or s* such othe~ place as the fioldua hereof may desigr~ate in wtiting- ~~ncipal and interest payable in inaWlments as fdlows: Fifty ($50.00) Dollars per month, beginning on the 15th day ot [~iay, 1972, and continuing on the 15th day of each and every month there- after until paid in full. This note may be prepaid in whole or in part a[ter one yesr from the date hereof upon payment of a penalty equivatent to five percent of the principal sum prepaid. ' Each installment pay~rient shall be credited Crst on the interest due, and the remainder on principal; and interest shall thr - upon cease upon ihe principal so credited. The makers and endorsers of this note further a{~ee to waive demand, notice of tion-payment and protest, and in the event it I be brouRht [or the collection hereof, oc the same has to be collected upon demand of an attorney, to pay reasonable attorn 's rs [or making such collection. Deferrcd payments hereunder shall bear interest at the ate of ten percent per annum from maturity until paid. This note is secut~ed by a mortgage~of even date herewith and ia to be construed and enforced according to the laws of the ~ State of Florida; upon default in the payment of principal andlor interest whe~ due, the whole sum of ptincipa! and interest trmaining unpaid shatl. at the option of the holders. become immediately due and payable• 2- .~.c.y ~ (SEAL) ~ ~ SEAL) Prepared br Spiekr 6i Tendrieh. Atta~nere - 2240 B»cayne Blvd.. Miami. F ar~d shall 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 void. 1. The Mort6agor hereby covenants and agrees: f (a) To pay all and sin~ulu the principat and interest and other sums o( money payable by vitWe of said pranissory note and this G deed, or either, ptomptly on tl~e days respectively tAe same severally becomea due. _ ~ (b) To permit, cammit or suffer oo +raste and to maint~in the imptovemeats at all timea in a state ot ~ood repair and condition, and to ~ do or permit to be done to said premises nothios t6at rill alte~ or c~~ase t6e use aed charactet of said property or in any vay impair a weaken the security of this mortpte. And ia case ot the retusal, ne~lect ot iaability o[ t6e Mort~a~or to tepait and maintain s~id ptoper- ~ ty, the Mortpsee may. at 6is opt~an, mske auc6 repaits or tause tde same to be made, aod sdvance moneys ie that bedalt. (c) To pay alt and sio~ular the taaes, assessments, levies, liabilities. aad obliqtions of every nature on said described property each and e~ery ~r6en due and psy~ble accordin~ to l~v, betae they beeome deliaquent. and to deliver to :6e Irlortassee on or before March ISth of e~ch yeat ta: ~eceipts evideacio~ the psyment of all lartnlly imposed tues tor.the precedio~ csleadar year; to indemnify the Morti~~ee upon his demuid tor all taxea, assessmeets and cl~arses that may be assessed upon this mortiate on the indebtedness s•- cured hereby, and psid by the mat~a~ee. vithout re6ard to any la~ heretofore cn~cted or hereifter to be enacted imposin{ payment ot the vhole or aay ~art the~eot upon tl~e Mort~a~ee. (d) To pay all snd sin~ulu the costs, c6ar~es and expeaaes. includins la~ryers' tees :nd abatrsct costs reasonably incurted nr paid at any time by the Mortisiee because ot the failure on tAe part of tbe Mortsa~or to perfwm. comply aith aed ~bide by each and every the atipulationa. a`reements, condi[ions and covenants of said promiasory note and this deed. oc eitAer. aad every sucd~payment shall bear interc~t troa~ dste at ~he rate of ten (l0i) per centum per annua?. (e) It ia furt6er covensated and s~reed by aaid parties t6at in tde event of a suit beie~ instituted to to~eclose this mortpse, the Mat- peee sball be entitled to apply ~t anr time peedins such toreclo~we suit to the court harins jurisdiction thereot for the appoiatment of a receiver of all and sia~ular the eort~~~ed property. and ot all rents. iaeamea. profits. iisuts and revenues thereof. Bom w~hatsoever souree derived; aod t6ereupon it is lureby eapressly coreoanted aod ~ireed that t6e Cowt shsll fotth~rith appoiat such receiver ~r~th the ~aual po~rers and duties of receivers in Iite c~aea; aad said appointment shall be made by tde cowt as s matter of striet ri~At to the Mort~s~ee, and rithout reterence to the adequacy a insdequacy of the ralue of t6e ptoperty hereby mortp6ed, or to the solvency or insolveney ot the Mort~a~ors or any othtr party detend~nt to such suit. 'fhe Mottp~ot Aereby spttifically raires 1he risht to object to the appointment of s receiver as atoreaaid and hereby eipressly consents th~t such •ppointment shall be made ss an admitted equity and as a matter ot absolute ri~l?t to the Mortp~ee aed thst the same nuy be done ~rithout notice to the Mort~aaor. ~ (f) If foreclosure proceedinjs should be instituted s~aiest the property covered by tDis mortpse upon any other lieo or claim whether •lle~ed to be supcrior a junior to the lien ot this mortsa~e, the 1Aottss~ee may at dis option immediately upon ~ns[itution of such su~t a dwia~ the ,pendenoy thereot deelare this mo~tsa~e and the indebtednese secured hereby due and payable torth.~ih and may at i~s optioa ptoceed to faedose t6is mat~a~e. Tb~t t6e Mat~a~or will teep al) real and personsl propetty ao~ or deteafter eacun?bered by the I~en of this mort~ase insured as may be tequired from tiwe to time by the Mort~~{te apinst loss by fite, w~iedstorm and other hazards, caswlties and continsencies tor such periods and ior not less than such amounts as auy be required by the Morta~~ee and to pay promDtlY when due all prem~ums (ar such insurance. T6e ~mounts o( insurance requi~ed by the Nore~aaee sball be the minimum amounts tot v6~ch said insurance shall bc M•ritten and it sball be incumbent upon the Mort~~~or to mainlain such ~dditional insurance as may be necessary to meet snd comply tully with all co-insuranee requiremeets contsined in said policies to the eod that the_ asid Morttsiot is not a co-insuror thereunder.lnsurance shall be rrrittea by ~ coopany or cospaaies apptored or desi{nated by the Mort~a~ee ~nd ~11 policies and rene~rals thereof ~hall be held by the Matq~ee. All detailed desi~nations by tAe Mortp6or ~vhich are accepted by the Mortp~es and all aareementc betveen Mort~aaor and Mort~a~te relatin~ to inaur~nce, aov etistin~ or hereafter made, shall be in vrritins and sh~l) be a pstt o! this mortsa6e a~reement as fully as tAou~h set forth verbatis Aerein and shall ~overn both p~rties Aereto and their successors and assi~ns. No lien upon any ot s~id policies of insurance o~ upon sey retund w retum premium which msy be payable on the c~neellatioo a termination tl~ereof, shall Ae aiven Io other ~Aan the Alortpsee, eaeept by proper eodorsement atfi:ed to auch policy and ~pp~oved by Mor~~a~ee. Fach policy o( insur~nce shatl h~ve affiaed thereto ~ Staodud New York Mortp~ee Clause rithout Contribution. makin~ ~I) losc or losscs undcr .uch policy psyable ~o tAe Mortp~ee as its interest m~y appear. In the e~ent ~pr sum or suies ot money becw~e payable thereunder the \1~rt- ~a~ee shall hsve tRe option to ~eceive and apply the s~se on aecount of the indebtednes; hsteliy seewed, or to permrt the ~lortg~For to receive and use i~, or any part thereof, without theteby ~vaivin~ ot impairin~ any eqYiqr,-IieA, ot n~ht unJer and by v~r~ue of th~. ' mat~ase. In event of loss or physical d~ma~e to the mort~s6ed p~operty the Mortp~a shall ~ive ~mmed~ate not~ce tAere~f by rra~l the A{qrt~~~ee am1 the Mort~a~te may make proof ot loss if the same ~c not made pro~?ptlY by'{he ~fort~ssa. In c~rnt ~,f I~we~l~~~ure ~~f • , ~o~K24i ~E1047 _ . _ : _ _ ~1