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Home My WebLink About1472 . • r , PRt1~'IDEI~, AI.KAYS, that if the ~tortgu~or shall pay unto the \lortgagee the indebtedness ev~Jen~ed by a ce;ta~o ptamasut~ nute ~~f which the follawin` in wocds and fi~uces is a true copy to-v?~t: = 2 675.00 ~ ~ Miami, Florida March 2S , ~q 7 2 ~ FOR VAI.UE RECEIVED I u the order u[ A~j~j~~ CAi.DFRnN MAE CALDE$ , Pwmise to pay the pri~cipa) sum of Two Thousand Six Hundred Sevent~?-f ve and , tagether with interr•t thereun from date at the ~ate o( ten percent, pet annum u~til maturity, both principal a~d intereat being payable in lawfu) money uf th~ l~nited ~tat~. at '.'..',-t~ Bi,cayne 81rd., ~liami. Florida, or at such other place as the holdera heceof may desig~ate io writing. Nri~cipal a~d 'entere.t payaWe in insta!lmepts as (ollows: Fifty-five ($55.00) Dollars per month, beginning on the 15th day of May, 1972, and continuing on the 15.th day of each and every month tY:ereafter until paid in full • This note may be ptepaid in whole or in part after ont year from the date he[eof upon payment of s pen~lty equivalent to five percent of the principal sum prepaid. Fach inataltment payrnent shali be ccedited first on the interest due, and the remainder on principal; and interest shall thrn•- upon cea,.e upon the pnneip~l ~ crrdited_ The make~ and rndorsen of this note iurther agree to waive demand, notice of non•payment and protest, and in the event suit .I~all be~ bniught [or the collection hercof, or the same has to be coilected upon demand oi an attomey. to pay teasonable attorney~x [rr. for making such collection. Deferred payment~ hereunder shall beac interest at the rate of ten perce~t pe~ annum from maturity until paid. ~ 7'his note is secured by a mortgage of even date heeewith and is to be conatrued and enforced ~ecording to the laws of the ~tat~ oi Florida; upnn default in the payment of principd and/o~ interest when due, the whde eum of principa) and intereet rrmaining unpaid shall, at the option of thc holders, b~come immedia y due and payaWe. ~ (;t.~ Cfc_'L/ I~~~ (SEAL) ~ Ptepand Ay ~pekr dc Tmdrieh, Attomeys - 4Z40 Bi~eayne 81?d.. Mi~mi, Flerida (SEAL) ar~J ~hall perform, comply w~th and abide by each and ever~ the stipuiations, agreements, conditions and cvve- nants o( ~aid promissor~• note and of this deed, then this deed and the estate thereby created shall cease and be null and void. l. The INortgagor hereby~ covenants and agrees: la) To pay rll and ~ingular the princ~pal arn! mtercst and other sums of money payable by ~~rluc ot sa~d pram~sory- no~c anJ th~s deed, ur e~ther, prcxnptty on the days recpece~cely the sama ceveraily Atcanes due. (b) To permit. ecxnm~t or suf(er no waste a~Q to mainiain the improvoments at all Umes in a state of sood repa~r and condit~on, and to do oc perm~i to hr d~~ne to ~aid premises nothm6 ~hat w~ll alter or chan`e !he use and charactet of said property or m any ~ay ~mpau nr reaken the secunty ot th~c moct~a~e. And in case of the refussl, nestect or inabil~ty o! the Mortq`or to repair and maintain said propcr. t~•, the ~for~~a~ee may, a~ his opt~on, maka such repairs or cauce the same to be made, and advance mon~ys in that behalt. (c) To pay a!1 and ~~ngular che taxes, assessments, ler~es, liabilities, and oblisauons of every nature on said descnAed property each and every wh~n Jue and payable accordm6 to law, befare thty become delinqutnt, and lo deliver to the Mwlsa6et on or befort March ISth of uch year tra receipts ev~dencin6 the payment of aN lawfully ~mposed taxes fw thr precedma cslcndar year, to indemni(y the !lfortaa;ee up.ro his dema~d for aU tases, assessmcn~s and chu6es that may be assessed upon th~c mortga6e on the indehtednes. cured hcreby, and pa~d by the murtEa`ee, r~thout re6ard to any lar* heretofore enacted a hereaRe~ to be enacted ~mposmR ~ayment oi th~ whu!e or anv ~art thercof upon the \fn~tEagee. (di To pay all and .mRular the costc, char~es and expeaces, mclud~n~ laryers' tees and abstract costs roasonably mcurred or pa~d r~ any hme hy thr ~1ixt~taEce because of the tailure ~ ~he psrt ot the Mwtga~ot to per[~xm, coiapiy w~th and ab~de by each and eve~~ •he sa~pulat~ons, agreements, cond~uons and cuvenants of said prom~ss«y note and th~s deed, or e~tAtr, and e~~ery such~payment shal! ~r~r ~ntercct trnm Jatt at the ratt of ten I10"~) per ceotum per annum. !~1 ~t ~c fwther covenanted and ageed by sa~d part~es that in the er•ent ot a suit bema insl~tuted 10 (oreclnse this r..~xtRaEc, thc \I~x~- , Ea6ee shall be entitled to apply at any time pendin6 such foreclosure suit to the court Aavins jurisdicuoe thereof fa the appo~mmen~ uf a rece~~er of all and c~nsular che mortEastd property, and ot al! rents, iocomts. prof~ts, issues snd revenues tRereol, (rom whatsoe•.rt ..wrce derired; and thereupon u is hereby eipressly covenanted and a~reed that the Coutt shall forthwith appoint such receiver w uh the ucwl powerc anJ duhes o( receners m Gte cases: and sa~d sppointment sh~ll be made by the court as a matter o( ctnct r~~he rn the .ltatp6ee, and r~rhuut re(erence to thr adequacy w ~nadeqwcy of the value of tht property hereby m~xt6a6ed, or to the s~hen~> ' .x mcolvency the \1ort~agors a any othet party detendant to such suit. The Mortpsot hereby spec~fic~lly w~aives the r~Eht to ob~cce ~o the appo~n?ment o: a recei~er as afixesaid and hereby exptessiy coosents tdat sucA •ppomtment shail be eoade as an adm~ucd eqw~~ and as a matter ot abcolute ngAt to the M~xtaa6ee and that the same may St done w~thout notice to the Mortsasot. If) If twerloswe proceedmsa should be ~nstituted aqinst the property covered by th~a mort~sae upon any other lien or cla~m rhzthcr f alle~ed to be. wper~or or junior to the 4en o( this mortp~e, the Mort~~~ee ~eay at h~a ophon immedi~tely upon mstituhun of .uch suif a durm6 thc pendency thereof Aecl~re ~h~s mata~~e aod the indabtedness secured dereby due snd payablc lorth~ith and may ai ~r. opUon poceed to fureclose this mortsa~e. (sl That the Atort~aRor wi11 teep all real and personal property ao~r a hereafter encumbered by the I~en ot th~s mortga~e ~nsured ac may be requned [rom t~me to t~me by the Nortaa~ee s~smst loss by firt. r•indsi«m and other hazards, casua(ues and cont~nEencus for ~a~h per~ods •nd 1or aat iess than such amounta sa may be requirtd by the A{ottas~ee and to psy promptly when due all prem~ums for such msurance. The s~unts ot inaurance reQu~red by t6e Mort~a~ee shail bt the minimum amounts [or vh~ch s~~d ~nsurance shall be Nr~tten and ~t shsll bt ~ncumbent upon the Mo~tsa~or to ma~~tain such add~t~onal inaursnce as msy bt aecessary to meet and comply (u!!y r~~h alt co-mswance requirements comsmed in ssid poGc~e~ 1o the ead that the said A1atp~or ~s not a co-msuror there~der.lnsurancc shall be rr~tten Ay a company or compsn~es appro~ed w des~~na~ed by the fNortsasee and all poluies and cenew~ls thereof chall be helJ by the Alort~asee. All deta~led desi6n~t~onc by the Mort=ssor +hich are accepted by the Mort~a~ee and aI! asreements bet~?een MortjaEor and Matssaee relat~ns to msurance, no~ ea~sUn~ or hereaRer made, shsl{ be in rnun~ ~qd aY~U be • part ot t~~s mort~a~e a~roement as tully as ~hou~h set (orth verbat~m here~n and shall ~overn both parues hereto and their s~cecssors and ass~~ns. Ko licn upon any of i said pol~cies of ~nsurance or upon any refued or return prem~um ~rhich may be payable on tht cancellation or term~nation tAereof, shalt be ~~ve~ to other than the Mort~~~ee, eacept by proper tndorsement a(tiaed to such pol~cy and approved by Mort~a~ee. Fach policy of ~ msurance sh~ll have sffiaed thtreto a Standud Ner Yort Mott~a~ee Clsuse vr~tNout Contnbut~an, msk~n~ ~11 loss or losseti under ~uch , pot~cy payable ro the Mort~a~ee as us mierest may aPpear, )n tbe erent ae7r sum ot swes of money become payabte thereunder the \lort- ~ ~s~ce sAall have tAe opUOn to rece~re and •ppl~ the saae oe account ot tAe ~ndebtedness hereby secured, or to permi[ the NortEaEo~ i to rcce~ve and use ~t, or any part tAereof, r~thout thereby r~sivm= or impa?nn~ any equity, lien, or n~ht ueder and.by wutue o/ th~. morl~aje. !n erem ot loss o~ phys~cil d~mase to tAe mort~a~ed proptrty the Mortp~or shall ~~ve immedu[e nohce thereof b~ n-a~l h. the ~I~xlp~te md ~he 1lfortEaEee may r~ake prnof of loss ~f the ,~me not made promD~~Y by the ~1ortEaEor. In e~cnt o( fnreiln~ute of , ~ G ~ ~t~3 Z4?2 B~?~x PAG: ~ : > - - - _ . x ~ ~ ~~`~=i ' ~ _ .