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Home My WebLink About2677 . ' ~ -1' ` i 3 PROVIDEn, ALWAYS, that if the 1lortgagor shall pay unto the lriortga~ee the indebtedness evidcnced by a ~ ~ cerlain promissory noie ot which the follox~ing in wotds and fijures is a true copy tawit: ; ~i aHW~~a~e s 3,725.00 Fort P er_,__ce__,_~;,~ Julv 29. ~q72 FOR VALUE R~CElVED I Qwmae tu piy to the orde~ of S ~ ~ pr~~c~pa! wm ot Three T ousan Seven Nun re Twenty- f ive arl~bl, . , ogether with interest ~ rcon [rom date at the n?te o( tca percent. pe,~ annnm unW maturity. both principal and intenat being paysble in lawtul monep o( ~h ~ linited Stata at 2244 Biscayne Bivd., (1liami, Florida, or ~t wch othcr place a~ the holde~s hueof may desianate in vrritin~. Pr~cipal ar~d interest payaWe in i~uWla~ents as idlo~rs: Eighty ($80.00) Dollars per month, beginning on the lSth day of September, 1972, and continuing on the 15Ch day of each and every month thereafter until paid in full. TAii note may be prepaid in whole a ia put after one yeat trom tbe date hereof upon payment of a penalty equivalent to five percent of the priecipal sum prepaid. Each installment payrrieet ~hall be credited Crst on the intenst due. and the ~ernaindc~ on principal; and intere~t l:hall t6ere- upon cease upon the pnncipa~ so crtdited. The makcrs and endorsetc of this note futther aaree to waive demand, notiee oi non-p~yment and pmtest, and in thr event wit ~I,all be bwuaht for the cdlection hereot. oc the same has to be collected upon demand ot an attorney, to pay reasonablc attomry i frr~ tor msking such cdlection. ~ DcieRed parments henunder shall beu inte~est at the nte oI ten peccent per annum [e~am matucity until pa~. This note a recured by a nwrtaige of even date herewith and 'u to be conttrucd and entonxd according to the la.~rs of tl~e ~tate of Florida; upon default in the yment oi pru~cipd andlo~ infuest wben doe. the whde w~m o( prineipal and intcce~t , remainin` unpaid shdl, at the optia~ o~~~ ~ia~~., ~o~ ~~~a~.c~y a~,~ ~a p.r,w~. . , ' ~ ' ~ ~ ~ / ~ ~ ~SEAL) i (SEAL) ~ ar~d shall perform, comply with and abide by each and every the stipulations, agceements, conditiorts and cove- nants o[ said promissary note and of this deed, then this deed and the estate thereby created shall cease and be null and void. 1. The Mortgagor hereby covenants and agrees: (i) To pay all and s~n~ular the principal and interest and other suros ot money payable by virtue ot said promissory note and this deed, a either, pranptly on the days respectively the same severally becomes due. lb) To permic, come~i~ or suffer no raste a~d to ma~ntain the ~mproreauab at all times in a sttte of aood repsir snd condition, and to do or permit to be done to said premises aothina that will alter or cAanse the use ~ed chuacter of said property or in any ~vay i~apair or reakea the secunty o( this mort~ase. And in case o( the refusal~ ne6lect or iaability ot tbe Mott~r~or to repau and maietain said ptoper- ty, the blartsa~ee may, at his optian, makc such repairs w causc the same to be mtde, and adr~nce moneya in that behalt. (c) To pay atl and sia~ulu the uxes, assessments, levies, liabilities, and obliastiona of every oatare oo said described property each and everr ~Aen due and payable accadins to Iav, betore they become delinquent, ~nd to deliver to the Mortaasee on or before March ISth o( e~cb year taa teceipts evidencine the payment o( all lawfully imposed taxes fot.tAe ptecedin` calendar ycar; to indemnify the Mort~a~ee upon his demand fa all taxes, sssescments and chsrses that may be assessed upon this mwtsa6e on the indebtedness s~- ; cured hereby, aad paid by the mat6asee, ~ithout re6ard to any law herotofote enacted at heresfter to be enacted imposin` ~ayment oi F th~ wholt a~ny ..art thereof upon the tl~ortea6ee. (d) To pay all and sinaulu the casts, char6es and expenses, includ~es lawyers' teea ar?d abatract costs reasonably incuned nr paid at any t~me by the INatsaset because of ehe ta~lure on the psrt ot the Mort~aeot to perfwm~ comply ~vith and abide by each and every thc stipulationa, aareements, conditions and covenants of said pramissay note and this deed. ot eit4et, and evety such'payment shall bear mterest trom date at the rate ot ten UO'b) per centum per annum. (e) It is /urther covenanted aad a~reed by said psrties ~ha~ in the eren[ ot ~ suit beins instituted to toreclose this moctsa6e, the Mat- p~ee shall be entitled to apply at any time pending such (orecloaure suit to the eouA harins jutisdietion thereof fa the appointment o( a recciver of alt and sia~ular the mort6ased property, and of all rents, ineomes. profits. issue~ and revenues thereof, hom rhatsoever source dtrired: snd thereuDon it is hereby expressly coveaanted aad asreed that the Cautt sAaU torthvritl? appoint such receirer w~t~ the usual povrerc and duties of receivers in lite cases; and said appointment shall be made by the court as a matter ot strict riEht ~o the Mortjs~ee, and without re(ereoce to the adequacy or inadequacy of tht value ot tbe property hereby mo?taaatd. or to the solvency or insolrency o( th~ Mort{a~ors or any other party defendant to such suit. 71ie Mort~a~or hereby speci(ieally w~aives the n6ht to ob~ect to the appoiotment ot a receiver as atoresaid and he~eby expressly consents that such appoinunent shall be audc as an adm~tted cqu~ty and as a matter o( absotute risht to the Mortea~ee and that the same msy be done viMout notice to 1he !1lortsaaor. (f) If taeclosure proceedio~s shauld be instituted aaainst the property covered by tbis mottsase upon any other lien or cla~m whcther alleeed to be superia ot junior to the lien of this mortsase, the Mortsa6ee may at his option immediately upon inatituuon of ~uch su~t ot dwins the pendency t6ereot declare this mataaee and the indebtedness seeured here6y due and payable larthw~th and may at ~ts } ~D~~~ P~a~ed to fareclose ~n;s m«~a•a~- ~i~ Ths~ ~u Mottpsor v~ll kee all real and rsonal i P D~ ptoperty nor or herea(tet encumbered by the I~en ot this mortga~e insured as may { be reQuirtd itom time to time by the Mort6a~ee a~a~nst loss by fire, vindstam and other hazards, casualties and contm6enc~es tor ~uch ~ per~ods and ia not less than such ¦mounts as may De reqvired by the Mortq~ee and to p~y promptly when due al! prem,ums !a such j ~nsurance. 'Mie amounts of insurance required by the Mortsaaee shall be the minimwo amounts for w~h~ch sa~d ~nsura~ce shall be +r~tteo ~ and it shall be incumbent upon ehe Mort~~~or to mamtain such add~tion~I ~nsutance as may be necessary~to meet and comply fully ~~~h ~ ¦II co-insurance reQuirements containcd ~rt said pohcies to the ead that tAe ssid 1Nor~aaiot u not s co-insuror ~hereunder.lnsurance ~ shall be vntten by ~ cosnpany or canpames approved a des~gn~ted by t~e Mortp~ee and ~II po6cies and rene~rals thereof ~hall be held by the Mort~a~ee. All detailed desi~nationc by the Mort~asa which are accepted by the blort~a~ee and alt asreememc bet.een More6aEor and ~lortsajee relatins to insurance, nor e~cistinj or hereafter made, shall be in w~ritin~ and sh~ll be a part of th~s mottga6t a~r~ement ~ as fuUy as thou~h set forth verbst~m herem and shaU sovero botA p~rues hercto and their suecessors and ass~sns. No 6en upon any o( s~id Policies of insuranee or upan any refund or return prem~um w~Aich msy be p~y~ble on ~Ae eancetlation or ~erm~na[~on ~hereof, .halt be aiven to other ~han the ~tassee, except by proper endorsement sffixed to such pol~ey and ~pproved by Mort`a`ee. Fach policy nf insunnct shall have af(ixed thereto • Standud New York Mortsa~te Clsuse r~thoul Contnbut~on, makins all tosc or lossc~ under .u~h policy psyable to the Mortp~ee as ~ts ~nterest msy appesr. In tAe event aay sum w suais ot eoortey becane psyable thcreundrr ihe 1}urt- ta~et shall hare the option to rece~ve and apply the s~mt on sccount ot the ~ndebtedness hereby secured. or to perm~t tht ~Mrt~c~K~~r to «ctire and use ~t, or any part thereo(, without theraby .~~v~n~ a impau+n~ any eQurty, I~en, or nsht unJrr and by v~rtuc o! th~. • mort~a{e. In erent ot lo~s or physical dama`e to the mortaaaed poperty the l4lortssta sb~ll jive imned~ate not~ce thercof by Tatl e~ tht~Mortp~ee and the Mort~asee may make proof ot los. ~f the same ~s not made ptomptly by the ~tor~l~asor, In n~n~ ~~f t~~rc.l~.~urc ~~t $~,~K 204 F~~~ 267fi ~ r_-r - ' _