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Home My WebLink About1696 ~1,iC1! ~"~I ~ 1~115~ PROVlD[il), ALWAYS. that if the \lurlgagar shall pay unto ~he `btt~agee the ~ndebtedr.ess rvidenced by a , re~taio prvmixsury note nf wh~ch the foll~v ing in wurds a~d figures ~s a true copy to-N~t: ~ ~ .,~I~ s 1,575.00 Fo_rt ~rce, , FOR VALUE RF.CEIV~D We , j ointly and severalZv, pw~n;•e ~o P,r ~ ~ or ROSE GLOC c~ pr;nc~pal wm oI One T ousan F ve un re eventy- ve an . , togethet with interrat theeeon fwm date at the ate of tee pertent. per innum until madu~ty. both prie~cipal ar~d interat bein~ payable in law(ul mo~ey uf the United Stata ~t 2244 Biicayne Blvd., Miami, F'lorida, or at wch other plact a~ the hddu~ hereoi may desi~ate io writin6. Principal and inte~t payabk in in~tall~nenq a~ iolloMrs: Forty ($40.00) Dollars per month, beginning on the 15th day of November, 1972, and continuing on the 15th day of each and every month thereafter until paid in full . ~ This note may be prepaid in whote ot in part aftec one yeu from the date hereof upon payment ot a penalty equivalent co f~ve percent ot' th~ principa) aum prepaid. Each inatallment paYnient ~hall be ccedited Cnt on the interest due~ and the remair~det oe principal; and interr•t .hsll t6rrr- upw~ ceaie upon the p~ncipa~ so credited. The makets and endone~s of this note futthe~ a~ree to waive demand, notice o( noe-payment and pe+otest, and in thr. event ruit ~hal1 be brou~ht for the cdlection hereof. or the ~sine has to be collected upon demand of an attorney. to pay eeasonable attomey'R fee~ for makin` weh cdlection. Defe~ed paymeots hereunde~ ~hall bear ieterest at the ate of ten peecent per snnum fwm maturity until paid. Th» note ~ ~ecured bp a ee~ort~e oE e~ren d~te here~rith and 'u to be cofudved and enEoneed ~ccadin` to the laws of the - ~tste of Florida; upon de(ault ~ thepay ~eent of ~xincipal aAdlo~ int+enst when due. the xhole ~um of pnncip+il and inteeest ~rn~ini~ unp~id ~ha11, at the optian of the holdees, become inunediatdy due and p~ya6le. ~ -S - ~c.- ~-+~ct.r (SEAL) ~ ~ ~ > ~ ~ 'L ~ t f! ~ - ar~d shall perfotm, comply with and abide by each and every the stipulations, agreements, conditions artd cave- nants of said promissor~~ note and of this deed, then this deed and the esiate thereby created shall cease and be nut( and void. 1. The hlortgagor hereby covenants and aatees: (al To pay all and ~in6ular the prmc~pal and interest and other sums ot money payable by virtue of sa~d prom~ssory note and th~s derd, or ei[her, prompUy on the days respectevely tht same seVerally becomes due. (b1 Tu permrt, convnit or suffer no ras~e a~d to mamtam ~he ~rt:provements at all tis~es ~n a state of 6ood repa~r and cund~tion, and to do or permu to be done to sa~d prem~ses notAin6 that w~ll alter or cAanae the use and chuacter ot sa~d property w in any way ~mpa~r or weaken the security of this mort6age. And in case of th~ refusal, ne6tect a inability of the Mortsasor to repair and maintain said proper- ty, the Mortaa~eee may, at his op~~an, make such repaics or cause the same to be msde, and ad~ance aaneys in that behalf. (c) ro wy sll and sinaular the taxes, sssessmen~s, lev~es, liab~lities, and obliptioea ot every mture on said described property each and every when dae and payable accad~ns to la~a~, betae they becane delinquent, aad to del~ver to the Mortsatee on or before March 15th of each year tax rectipes evidencing tAe payment of a!1 !aw•fully imposed taxes fw the precedina c~lendar year;to ~ndemn~(y the A1at6a~tee up.m Ri~ demand tor all taxes, assescments and charsec that may be assessed upon this mortsase on the indebtedness cured hercby, and paid by the mort6a6ec, w~~thout regard to any lar Aeretofore enacted or hereafte~to be tnacted ~mpos~na ~syment o: tht w hoie w any ~~rt thereof upon the \1urtRasee. . 1d1 Ta~ pay all and s~nEular the costs, charaes and exj.enses, includ~oa lawytrs' tees and absttact costs roasonably ~ncurred or paid at any t~me hy thr h1.x~g~Ece because of tAe fa~lure oa tht part of the Mortaa6or to petform, comply v~th and ab~de by each and every tht st~pulat~ons, a6reements, condu~ons and cocenants of said promissory note and th~s deed. or e~t6er, aod every such~payment shal! bear ~ntcresi fr.~n datc at the rate of tcn l IOYr) per centum per annum. , ~e) 1: furthrr covenanted and asreed by sa~d part~es that m the e~•ent of a suit boina ~nstrtuted to to~eclose this mortga6e, the 111ort_ 6adce ~hall be mt~tled to apply at any time ptnding such fotectosutt suit to the court hsvina jurisdichoo thereof tw the appointment uf a rece~~~er of atl and cie6ular the mortEa6ed property, and ot all rents, iacames, profits, issues and revenues thereof, from whatsoever source denved; and thereupon it ~s hereby eapressly covenanted and ageed thst the Cour1 sha11 fotthw~th appoint such recciver ruh the uswl powerc and Juhe~ ot receicers in Gke qses; and sa~d appo~ntment shall he made by the eourt as a maiter of strict nght to the M~xega6ee, and without reference tu thr adequ~cy or inadeqoacy of the value of tAe pcoperly hereby mort6a6ed. or to tAe solvency or ~nsolvency o( the Alor[gagocs ~x any other party de(en.fant to such suit, The Mort~a6or hereby specifically waives the r~ght to ab~~ct to the appo~n~m~n~ u( a rece~ver as alo~esa~d and hereby expressly caosents that such appo~ntment shall be made as an admHteJ eywty and as a matter ot absolute right to the Mortea6ee and that the same may be done vithout notice to the Mort6aaor, (f ) foreclusure proceedm6s should ~e instituted against tht property co~ered by this mott6aae upon any other lien or claim w•hethcr alleged [o be superior or ~unior to the l~ea of this mortsa6e, the Morteasec maY at h~s opt~on ~mmedutely upon inshtuuo~ o( ~uch su~~ rx dunng th~ pendency therto( decfare th~s martgaEe and the ~ndebtedrtess secured htreby due and payable lor~bwith and m~y at its opt~on proceed to toreclose th~s mor~gase. r (g1 That the ~tort6a6or r~ll keep all real and personal property now~ ot heteafter encumbered by the I~en o( th~s mortgaac rosured as may bc required from ume to time by the Mor~6agee agamst loss by f~te, w•~ndctam and other hazards, casualues and conunEenc~es fo~ such penods and (ur not le,s than such amounts as may be required by Ihe Mor~asaee and to pay promptly when duc all prcm~ums f« such msurance. The amounts of insurance required by the Nwtga6ee shall be the roin~mum amounts for wh~ch sa~d ~nsueance shall bc xnncn rnd ~t shall be mcumbent upon the Mortga(tcx 1o mamuin such add~uonal msunnce a~ may be nece~san to meet and comply lulty 4 uh all co-insunoce re~mrements conta~ned ~n sa~d pol~cies to ~he end that ~ht said Mat6aga ~s not a co-~nsuror thercunder.~nsurancc shall b~ ~ntten by a company or compan~ev ~pproved or des~6nated by the Mort6asee and all policies and rcnewals tAeteof sha11 be helJ ny the \1o~tgagce. AII detailed des~gnaUOnc by the Mort6a6or wh~ch are acrepted by the Mort6a6ee and aN aireemeots between Morlaagor and Mwtga6ce rclatin6 to insur~nce, now ex~stina or herea(ter made, shall bt in wntin~ snd shall be a part ot this mor~6a6e agreement as fully as though set forth verbatim here~n and shall govern both patties hereto and t6e~r successors and assigns, No I~e~ upon any u( said policies o( insurance or upon any rcfund w return prem~um rhieh may be payable on the cancellslion ot term~nat~on thereof,-shz11 be a~ven to other than ihe Mortsasee, eacept by prope~ endorsement aftiaed to such pol~cy and app?oved by Atortga6ee. F.ach pol~cy ~t ~nsurance shall have affixed thereto a Standard Ner Ywk ~Iort~a~ee Claust aithout Contr~buuon, makio6 a1i loss ar losses under ~uch policy payable to 1he ?~ortsaaee as ~ts interest m~y ~ppe~r, In the event any sum a sums ot money become payable thereunder the ~tort- gaRct shall have the opt~ao to rece~ve and apply tht same on account of the indebtedness hereby secured, or to perm~t the 11nrt~aaur to rcce~ve and use rt, or any part theteuf, w~ithoul therehy karv~n6 or ~mpairins any equ~ty, I~en, o~ «6~e under and ny~ .~riuc o! th~. ~~6~6e. In event of loss or phys~cal damase to the mortgaged ptoperty the MottsaEor sha11 E~ve ~mmed~~te no4ce thereof by' ~-a~1 t~~ the \1~xtga6ce and thc Mort6a6ee map make proof of los. ~f th~ same ~s not made ptompUy by the \lwtgagar, ~n ewrnt ~~f torc~l~~~urc nf ` ~I ¦~i~r~.,~ . s r r _ _ ~ a,~~--~