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Home My WebLink About2454 i ~ r f'Rl?~'il~h.l~. AI.NAYS, tha~ ~f ~he ~lu~t~+~~a +~hail pa~ unt~~ the Wort~~~re thc ~~wfebtedness evide~ced by a cen~in pawnns.x~ ~wte ~f wh~ch the followm~ in v?~.tds ~nd f~~urot ~s ~ ttue co{?y taN~t ~dHti~~L S_ 1, 82S . ~0 :Uianei, Flwida April 19, ~~~72 FuR vAt.vE RECEI~rED_ We, jointly and severally. ~o~~~~ w~ tu the u~dec oi ~$E_ $Ij]ZQ ~ R 1Dp~E ~h~ pr;n~~p~i wm of_ One Thousan E ghr H~~ndre wenty-~ive: an Q t~~grthe~ N•itl~ intrrr•~ thereun from date at the nte uf ten percent, per a~num unti) maturit}~, both principa) and inlrrest being pa~•able in laNlu) monr~ uf the United ~tates at '~'.~.-N tii:eayne Qhd., 1liami, Florida, or at such other place ~a the holders hcreof may designate in writina. Principa) and interest payable in installmeqts ~ follows: Forty-five ($45.00) Dollars per month, beginning on the 15th day of Jt~ne, 1972, and continuing on the 15th day of each and every month thereafter until paid in full This note may bc prepaid in v?~hole or in part after one year from the date h~reof upon payment of a penalty equivalent to five perce~t of the principal sum prepaid. Each installment payment ~hall be creditzd first on the interest due, and the remainder on prirecepal; and interr.! shall !l~rn- upon cea.~r upon the principal :o rredited. . The makecs and endonrr: o( this nute turther ap.ree to waive demand, notice of nompayment and protest, and in the e~ent suit ~I~all be brought tor the collrction I~ereof, or the same has to be coliected upon demand o[ an atComey, to pay reasonable attorney':: Frr: fur making ~uch collectiun. Deferred payment. hereunder ~hall bear interest at the rate o[ ten pe~cent per annum from maturity until paid. This aote is ~ecurrd by a mortga~e~oi even date herewith and is to be construed and enforced according 1o the (aws o[ the ~ State oi Florida; upon default in the pa~•ment of principal and/or interest when due, the whole sum of principal and interest remaining unpaid shall, at the option of the holders, become immediatel due and ~ayable. * . , _ . . ~~'7„~'t~" r/; 't:~,~"`~ (SEAL) , ' ~,/c - t~ ~ ~i L SEAL Repared by Spieler & Trndrich, Attorneys - 2240 Biscayne B1rd., Miami, Flori a1 ~ ~ ar~d shall perform, comply with and abide by each snd every the stipulations, agreements, conditions and cove- nants of said ptomissory note and of ihis deed, then this deed and the estate thereby cteated shall cease and be null and void. . 1. The Mortgagor hereby covenants and agrees: ' (a1 To pay alt and sm~utu the princ~pal and interest and otAer sums ot money payable by virtue of said pranissory nWe and this dee~, w either, pranptly on the days respectivelY ~he same severally becanes due. (b) To permi~, caomi~ or su(ter no rraate and to ma~n[ain the improveeeents at alI time• in a state of ~ood repair and eondition, and to do or permit to be done to s~id prom~sea nothina that will atter or chsn~e t6e use ~nd cbuacter ot ssid propertr or io any w~ay inpair or veaken the secunty of this mortssje. And ia case ot the ~efusal, ne~lect or ieability of the Mort~a~or to repair aad Mieta~n s~id proper. ~y, the lUort~aEce may, at his optiae, make such repai~s or cause tAe same to be made, and advance moaeys ia that behatf. (c) To pay all and ainaulu the ta~es, assesaments, leviea, liabilities, and obli`atioas ot erery aature aa said descriped property eacA and every rhen dne and payibte accordie~ to lar~, betae they betome Qelinquent, and to deliver to the Mort~asee on or betore March 15th of each year tax receipts evidencin` the payment of ~11 lavtully ie~posed taxes for the precedin~ ealetdar year; to indeaenify tde . N1ort~asee upan his demand tor all taxes, assessments aad char~es thst may be assessed upon Wis mortatie on the indebtedntsa s~- curcd horcby, and paid by the oatsaaee, rithout regard to sny Iaw hcretofote enacted or hetea[ter to be eaacted imposin~ ~yment ot the Mhule or any ~art thereot upon the Mort~a~ee. (dl To pay nll and s~ngular the costs, char6es and e:penses, includ~n~ lavyers' fees and abstraet costs reasonably incucred nr paid at any t~me hy ~hc til~xt6a6ee because ot the failure on tAe part of the Mort6ajor to perfocm. cooply rith and abide by esch snd erery the s~~pulauons, asreements, cood~tiau aad covenaets of said praaisaay note and t!?is deed. or eithec, aad erery such'p~yment shsll bear ~ntzrest from date at the rate of ten (10"b) per centum per annum. , (e) It is turther covenanted and a~reed by said parhes that in the even~ ot a suit bein~ instituted to foreelaae tfiis mat~a`e, the Mort- gasee shall be entitted to apply at any time pendina such foreclosure suit to the court harin~ jurisdiction theteof for ~he ~ppointment of a rece~ver o( all and sin~u{ar the ~at«~ed propetty, and o[ a11 rents, iocomes. p~otits, issues and revenues tAertot, froa~ ~batsoever source denved; and thereupon it is hereby expressly covenanted and ssreeQ that tAe Caurt s6~li torth~ith a0point such receirer weth the usual powerc and duties of receivers in lite cases; and said appvintment shall be made by t6e court ss ~ m~tter ot strict ri~ht to thc A1«t~aset, a~d w•ithout re(ereace to the adequacy or inadequacy ot the value of the property hereby mort~a~ed, a to the solvency or ~nsolvency of the Mortsasas or any otl~er party defendant to sucA suit. The Mortaa~or hereby specifieally raires the risbt to objec~ to the appo~ntment o( a receiver as aforesaid ind hereby eapressly caesents tbat such appo~ntment shal{ be mde as an admitted equ~ty and as a matter o( absolute ri~t to the Mortqsee and that the saox wy be done ~rithout notice to the Mott~~~or. (f) 1~ fcxeclosure proceedin~s should be instituttd s~ainst the proper~y covered by this mortpse upon any other lien or claim vrhether alie6ed te be superior or junior to tht I~en of this mort~sse, the Alortsa~ee reay at hia opUOn emmedi~tely upon ~nstitW~on o( such s~u nr durins the pendeney ~hereof declare t6is matsaae and the indebtedness sec~red hereby due and D~Y+ble fathwitA and msy at ~ts op~~on proceed to foreclose t6~a mortp~a That the Mort~asor ~ill keep all real and personal p~opertr no~ or hereafter encumbered by tAe I~en of this oort~a~e insured as may . be required trom time to tiise by the Mor~jasee stsinst loss by tite, rrindstoren and ot6er hazards, caswlt~es and contuf~encies for such per~odc and (or no1 less thao such asaunts as may be requ~red by the Mortsa~ee and to pay proaptly.vrhen due all ~em~uns for such ~ncurance. The arnounts o( iasurance ~equired by tbe Morts~~ee shalt be tdt minimum aa?ourtts tor rh~ch said ~nsucanee shs11 be rntten and ~t sh~ll be mcumbent upon the Mo~tsa~a to mamtain auch addiuonal msurance as may be necessary to meet ~nd comply fully W~th all co-~nsurance requiremeets contaiaed ~n said pohcies to t!?e eed U+at tde sa~d Matp~a ~s no~ a co-~nsuror thereunder.lt?surance shall be rr~tten by a canpany or compao~ea apptoved or des~~nated by the Motts:see and all policies snd rener~ls thertof shall be he1J by thc ~tat`asee. All deta~led desi~natia?s by the Nort~a~or rh~ch are accepted by the Atort~s~ee and s11 sjreeuents betreen Mor~~asor and Mortsa~ee ~el~t~n~ to insur~nce, nor eaistin~ or here~fter msde, shall be in vritin~ and shall be ~ psrt of tAis nw~tp~e a~rtement as fully as thou~h se+ forth verbat~m Aere~n and shall sorern both psrties hereto and H~tir successors and assi~ns. No lien upoe any ot said pol~ciec of msurance or upon aar rcfund or return preroimn ~hicA auy be Payable on the uneellauon a tera~mauon tAereof, shsll be R~veo to oeher ~han the Mats~see, e:cept by proper endaseAent sftiaed to sucA pot~cy and ~pprored by Mor~q~ee, Each poticy of ~nsuranct shall bave sftixtd therelo a St~ndud Ner Yak Moryasee Cl~we r~lhout Contr~but~on, makin~ ~ll loss or losses under ~ucA pot~cy payable ~u ~he Nortp~ee as ~tt ~nlerest may ap0e~r. In the e~ent any sum or swes o( isoney becase Par~blt thereunder the ~tort_ aa~ee .hal! have the opt~w? [o rece~ve and •pply the sune on sccount o( the itWebtedneas hereby secwed, or ~o pe~m~t tAe 11ort~ato? to rece~vc and use ~t, or any par~ thereot, vithout thereby vsiv~n~ or imoa~rie~ sny eQu~ty, lun, or n~ht under and by rwtue ot thi, eiort~a~e. In event of Ioss a phys~cal dsms~e to the tht Mort~a~ot slull ~~re ~mned~~tt aot~ce thereof by r~~~l i~~ ~ha N.~rt~s~ce ~nJ ?he MortRa~ee rrtay make prouf nt los~~~~,p~ nu4~ ~pmp~ly by the Nort~a~a. In ere~t o! tore~l~~•ure ol ~ ~~2p~ ,~~45~ v:,~ ~ - _ - - 4 i ~r..i-~``~: ' ,cy.`2c~..~.a~ `