HomeMy WebLinkAbout0535 i,~ y ) .
1'Rl1Vl[)EI), .~l_N'AYS, that if th~ \lartgag~~r ~hall pa~• untu ~hr \brtg:~gr~ thr ~ndebt~dness evid~nced by a
rer~ain ~r~?m~.suty n.~te ~•f w•hich thr toilotiing ~n wutd~ and figures is a tru~ copy to-w~t:
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S ~ ~0 ~r~ t 7P~C?~
' ~ ~a+~ - August 26.~_ t~_Z~
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FOR VALUE IZECEIVEn pwmise to pay i
to che orde~ ot ILLY WEICH H~~g ~ ~E :
Five I ousan an n lUII-=~"--------
qhe principa) sum ot Y DOLI.ARS, togethet with inteee~l
~I?ereon Ewm date at the nte ot ten percent, pex annum until maturity. both prineipal and intereat beina payable in IawWl money o~
tEe United Jtata at 2244 Biscayne Bivd., Miami. Florida, or at weh other pl~ee a~ the holdus hereot raay daignate i~ writin~.
Pnncipal and interest p~yabk in iestallments as tdlo~ra:
One Hundred Five ($105.00) Dollars per mo~nth, beginning on the 15th
day of October,1972, and continuing on the 15th day of each and every
month thereafter until paid in full ~
This eote may be prep~id in whole or in part aftet one yeu f~om the date hereof upon payment ot a penslty equivalent
io five percent ot ihe principal sum prepaid. ~
Each installment paynient ~al1 be ccedited fint on the intenst due. and the remainder on principal; and interr•t rhall tberr-
upon cease upon the priecipa~ so c~edited. -
The makers and endonen of this note further aaere to waive demand, notice of non-payment and protest, ar~d in thr. event suit
s}~all be 6rought tor the cdlectan hereol, or the same has to be eollected upon demand ot an attorney, to pay rea~onable attorney i~ ~
(rr. (or msking wch cdlection.
Defenrd payments het~eunde~ al~all beu interest at the nte of ten percent per annum fiom raaturity untii paid.
7'hia note is ~ecured by a mo~e of eren date hmwith and 'u to be eo~atrued and enforced accordina to the laws of tl~e ~
~tate of Florida; upon defwlt in thepa
yment of principal andlo~ ieterat Mrhen due. the whde eum of principal and intered
rrmainina unpaid shdl, at the option ot the holdcn, bccwoe inunediately due and p~yable. - ;
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(SEAL)
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:~r~J ~hall peri~~rm. comply with and abide by each and every~ the stipulatiuns, agreements, conditions and cove-
n:~nts uf said prumi~sory note and ~~f this deed, then ehis deed and the estate thereb~• created shall cease and be
null and co~d. ~
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1. The \tortgagor hereby covenants and agrees:
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y~ lal Tu pe~ alt rnd singular the prmc~pal atki intrrest and other sum~ of money payablr by v~twe of s~~d prom~ssory note and th~s
1ecd, or r~ther, prexnp~Iy on the d~ys resprru~~rly the namr srv~rally becomrs due. ~
lM Tu pcrm~t, cixnmit or suffer nu vaste a~d to ma~ma~n thr ~mpro~ements at all Umes ~n a state of gaod repn~r and cund~hon, and to
~ du or prrm~t to t~t done w sa~d prcm~srs noth~ng that Mili alter or chanae the use and chatacter of sa~d property or m any way ~q~pa~r or
~ weaken thr ~e.unty of ~his m~xt6ase. And m case of the rtfusal, neglect or inability of the \lortgaaor to repa~r and ma~n~a~n said prqper.
r tp, th~ ~tortaa~~t may, at hu option, make such repauc or cawe the samr to be made, and advance moneys m thal behalf.
~ 1.) Tu pay all and singular the tues, acsessments, lev~es. Iiab~Irties, and obli6ahons ot every nature oo said described property eacA
~ an1 r.•cry rhrn due and payable accord~na to lar, befare thcy become delinquent, and to delrver to the Mort6abte on or before MarcA
~ ~Cth of ~ach year taa rectiptc ev~dertring the payment nf al1 lawfull>~ ~mposed taxes for the precedin6 calendat year; to ~ndemnify the
\lottga(tte up.m i.i~ ur~u.s~ a:: :az~s, ~-.s-s~~^e^~~ rtii ~haraec iha~ mav be assessed upw? this mortsaEe on the indebted~ess s~-
~ .ui~.; ;.,;:d :~e':ar-!=,L•'. ••"ti•,•n rrQard ~n anv ta~ 6oretofore cnacted or hereatter to be enacted imposina ~aymcnt o:
~ thr u hnir nr arts ~art thrreof upon thr ~1~~rtgagee_
Idt Tn pe} ell rnd s~ngular the costc, charges and eaprnse~, mcludm~t taw•ye~s' fets and abstract costs reasonably meurced or paid at
~ aG3 an~ ~~mr fi~ thr \t.w~gagir becau~r of the fa~lurc on thr part of the ~tortgagor to pr~form, complY p'~~ and abide by each and every the
.tipul~u~~n~, agrrcmrnt., conJ~t~ons and covenants o( sa~d prom~ssor~ note and lh~s deed, or either, and r~ety such~payment shall brar
~i intrrr.t f~~xn datr at tho nte o( trn 110"<) prr centum pcr annum. . s
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; Irl It tur~her co~rnanted ~nd agreed by said pa~t~es that m the ecrnt of a su~t bcmg msututrd to forrclose th~s mortgage, 1he Nort_
I ga6ee shali ba en~uled to aDD~Y any ume pending such foreclosure su~t to the cu~~t havm6 jur~sdicbor+ ihueot (a !he appomtment
~ uf r recr~~cr of all and sin6ular the mor~gaged property, and oi all tents, ~ncomes, proGts, ~ssues and revenues therto(, trom w•hatsoever ~
.uurc. lcnred; ~~d thereupon ~t is hercby exprescly .ovenanted and agreed that the Court shall torthw~ih appoint such receiver with
t the u.ue1 po~rrc and Juhes of rcce~~er. ~n like caces_ and ~aid appo~rttment she!! be made by the coutt as a matter o( strict ri6ht to
thr \te~rtgager, and uith~w2 referancc t~i thr adequacy ur madequacy of thr ~•alue ot ~he property hereby mortgaged, ~x to the colvency
~ ~n.ol~e~cc ~.C th~ \lortgagurs ur any other part~ drfrndant to .uch +u~t. The \lortga~tor hereb~• sprcd~cally waives the nght to oh~ect
f W the rppo~ntment o( a rrce~~cr as afuresa~d and hercby rxpressly consents that such appo~ntment shall be made as an adm~ued equrty
~nd a. e matter ot ah.olute nght to tAe \lortgagee and that the same may be done w~thout ~otice to the llortsagor.
If 1 1`. forc.la.urr pnKerdmgs sh~iuW be in~t~wted aga~nst the properry co.ered hy thts mortga6e upon any other i~en or cla~m whether
allegrd to br +uprr~or or ~un~or to the hen ~t this mort6age, the Mwtgagee may at h~~ ophon immedutely upon ~n+titut~on of such suit
or dunnF thr pendency thereof dcclare th~s mo~tgage and fhe indebtedness secured hereby due an3 pa>able t~K:hw~th and may at~t~
' optwn pra:erd to fureclose th~s mixtgage.
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; lgl That thr \1.Ktgagor w~itl keep all rcal and persnnal proprrty now a herea(ter en~umbered b~~ the lien u( :h~s mortga6e ~nsured as may
be rtywred f~rxn ume to Ume by Ihe ~U~rtga6er agamst loss by f~rr, w~r.J.torm and oth:r hazards, casualue, and conungenc~es tor such
pccccxl. ar.d i~u nvt less than such ~mounts 3s maY bc requ~red by tht !1lortaa~et and tu pay pcomptlq •~hen due all prem~ums fw such
m~u~ancr. Thc amuunts of ~nsurance rrqwrcd bi thr ~lortga~eet shall be the m~mmum •mounts fur MA~ch ~a~d msurance sha11 be wntten
~ and it .hall br mcumFrm upon thr Stortgagor to mamtain such addrttonal msurance aa may bt necr.san to meet anJ comply fully Mith :
all .o-~nsurancr rcyu~rrments comrmeJ ~n s~~d pol~cu~ eo ~he end th~t tht .asd ~tatgagor nos a co-msuror thercundet,lhsurance
~hell hr x'nilen hy r cixnpany or cixnpamr~ eppro.~rd w dcc~6natcd by the Mort6asee and ail pol~t:es anE rcnewals [hereof tihalt be hcld
hy thr ~t~ntgager. All Jcta~led dts~6nat~on. by the ~fnrtgagor uh~ch are accepted by the Afortgaace anS all ~breements het,?een Nortgago•
and A1or~gagce relatmg to insuronce, now ea~sUn6 or hereattrr made, shal! be in wntmg and shall be a part of th~s mortga6e asreement }
a. full~ a. thuugh set forth vorbahm herein and sha11 govern both part~es hereto and ~he~r aucce~sors and assigns. No E~en upon any i~! s
~ ,a~d pol~c~r. o( ~nsurence or upon any rclund or return premium which may be payable on the canccllation or term~oau~n thereof, ~hall ;
~ be g~ven ~o uther ~h~n ~hr MortgaEer, eccept by pruper endorsement a(fued to such poLcy and approved by Slortgasee. Each pol~~y nf ~
° insurance shall ha~c aft~xed therc~o a StandarJ New York ~tort~a~ee Ctause w•~thout Contnbut~on, makina a!1 loss ur losccs undcr ~ueh
~ ~wl~c> nayablr to ~he ~lurtgagoe ra ~t~ ~n~rrcst may appear. In the event any sum or sums of monty betame payable ~hercunder thc \tort- i
~e.~grc .hall ha~c ih~ opt~on to r~crnr and apply the same on account of the mdebtedness hereby .-~ured, or to permit the ~t~~rtga~o~
~ to r~~r~vr and use it, or any part thereof, withuut thcrrb~ wai~roa or impa~rina any tquity, hen, or n~ht unJrr and bc tiutue ot thi. ~
m~xtgaac. In errnt of Inss or phystral d~magc to the mortgagrd propert~ the S1ort6agor shall E~r~ ~mmeJ~ate not~ce therrof b> r-a~1 s
C ~?~e Vurigagce and the \tortgagee may mekt pronf ui l, ~i thr cam. not madr promptly h~ ,Fc 1lurtgegor. In e~rnt nf turc~I~~•ure nf ;
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