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Home My WebLink About5789 Abslract & Tit1e C~r~. ot t;onaa PRl)Vlnl~.11, :1l_NAl'S, that ~f thr \lurlgagor .hall pay unta the \k~ttgagee thr ~nJebtednes~ ev~dcnce.i b>• a ~ertain pnani..ury nute ~?f wh~ch the folloNing in vrurd. and f~gures ~s a t~ue copy to-w~t ~ l9 t _~~nrt Pi Prce _ _~id~ De~sambe_L~~ ~ ~.2-- ' - =~,950.00 i ~ W e o i d pco~ni~e to p.y ~ FOR VALUE RECEIVED to the order ot DRS . STEME N AND B OWN PLOYEES PENS C:Q TRUST o~ Two Thous$nd Ni.ne HLndred Fiftv and na~144 DU~L~L!?RS.~ ~ $ wr ~ ~e*eon twm date ~t ti+e nte ot tee pe~eent, pe* a~nun+ unt~! nutunty. both p~nn ialdas haeof mn? dni~k in writin~- 4 ~~e United Stata ~t 224t Basaynt Blvd., Miami. Fbrida, or at wch otl+er pl~ce . ~riocipd and intee~st pa~rabk in iMWla~enb ~a toqow~: ~ Sixty ($60.00) Dollars per month, beginning on the 15th day of ; ~ and continuing on the 15th day of each and every February, 1973, month thereafter until paid in full. ~ aia ~n Mfiole or in p~rt after one yeu iton~ tl~e date hereol upon piYa+~nt d a penalty equivalent This note may Oe preP ~o five perceot of the princip~l s~n preP~~d- Esch iostallment payr~icnt shall be eredited fint oe th~ u~te~st due. a~ ~*~"AU^d~ O° ~ipal: and intere~t ~hd~ tbete- upon ccsse upon thc princ~ps~ ~~~ted. ~t m~~ ~d test. and in thr. qyent wit The maken and endoners of this note tutther to waive demand. notice of non•pay ~ K~tibk sltanry's ~hall be brought tor the cdleetion I~eteof, or the w"'~ ~O ~~ieeted upon demand ot aw atton~?. p~ fee~ for makir~ wch edketion• DekRed parments heteunder ~hall bear inteKSt at the nte of ten percent pet ~nnum Erom eaatue+ty until p+~d o the larrs ot dro This note is *ecurcd by a~oet~o~R~ of even date herer+ith and is to be ca+atrued ~ M?hok wrm of p~nncipd aed ineaert ~tate of Elorida: npon defwlt in thep~ yment of principd sndlo~ intueat when due, remainin` unpaid shall. ~t the option d the holde~, become in~nediatelp due awd pt7?a6k- l. ~ t , ~ ~ ~ ,r - - t tS~AL) f ~ - (SEAL) , ~ ar,~ ,hall perform, cumply w~th and ab~de b~~ each and ever~• the stipulatiuns, agreements, conditions and eove- na~ts of sa~d promissar~~ note and ~,f this deed, then this deed and the estate thereby rreated shall cease and be null and ~~uid. ~ j l. The !1lurtgagor hereby cu~•enants and agrees: j Ir) Tu pay all and a~ngular the ~xinc~pal and ~ntrrcst and other sum. ot moncy payable by v~rtuc of sa~d prwmsaory nute and this k dccJ, or e~the~. promptly un the days respect~veh~ thc .amr se~'erally Aecomes due. ~ Ibl To perm~t, comm~t o~ sulfer no w~astc aad to mamta~n Thc ~mpro~rmcnts at all Umcs ~n a sUte o( 6ood rcpa~r and cundwun, and to do or perm~t to ~+e donr to sa~d prcm~scs nothmg that M~11 alter or chanac thc usc and character uf sa~d property or in any waY ~mpau or reaken the secun~y of th~~ murt6a6e. .~nd in case of the te(usat, ne6lect or ~nab~l~ty of the ~1ort6a6or to repau and maintam sa~d proper- ~ ty, the Natgagre may, at his opUon. make such repa~rs or cauce the same to be made, and advance moneys m that behslf. i ~ t.) To pay all and s~n6ular the taaes, assessments. le~~es, lub~ht~es, and obli6ations of every nature on sa~d described property each ~ en3 cvery Whrn duc and payable accorlmg to IaM, before they become del~nquent, and to deliver to tht Mortgasee on or beforc ~tarch ~ 15th of each year tax rtceipts ev~dencm6 thr paymrm nt all lawfully ~mposed taxes for the precedm6 calendar year, to ~ndemnlty thc ~ AfurtsaRee up.~n hi. demand fw all taaes, a.sessmrnts and char6ec that may be assessed upon th~s mortaa6e on the indebtedness t cured hercby, and paid by the miKtgagte, w~thout regard to any tar herctofore enacted ~x hercafter to be enacted ~mpos~n6 nayment o: ° thc whule ur am• ~art therco( upon thc \furt~cagee_ ~ Id) T~~ pay all and s~ngular ~he ~osts, ch~rgr. and e~pense~, mcludmg lawyers' (ees and abstnet co~ts reasonably mcurred or paid at am t~m° fi} thr ~lixtga~et berau.r uf thr fa~lure on thr part of the \lurtgagor to perform, cumply wuh and ab~de bc each and e~~er~ .he ~ suputatiun., agrermrnts, cond~tion. and covenants oi .a~d prom~sson note and th~s decd, w e~ther, and e~'ery such paymcnt shall bcar ~ mtrrcst f:.xn Jatc ~t the rate of trn 110`~l prr centum per ~nnum. • ~ (rl 1: ~c furthrr covenanted and ayred hy satd part~es that ~n the e~rnt of e smt bcing mst~wted t~~ f~xeclose th~s mcxtgagt, tht \to+t- gegce ..h~ll be cnt~~IcJ to apply at an~~ t~me pendmg such forcclosurr surt to thr court ha~in6 ~unsdiction lhtreof for the appu~Mmem ~ ot a recr~ccr of all and s~n~ular the mortRagcd proper~y, and of all rcnts, mcomes, prof~ts, ~ssues and revenues thereof, from rhatsoetier z wurce drr~~rd; and thereupun it ~s hrrcby expre+~ly covenamed and agreed that the Court shail forthwith appoint such rcce~ver vrith ~ the a.unl puwerc •nd dutic. of rccenrrx ~n hke case~, and said appo~ntment shell be made by tht court as a matter of strict right to . - thr \t~xtgagce. anJ v~~thuut rrfercnce ~u thr adequa.} maJrquacp o( thr value o( the proprrfy herrby mu~tEaged, or to the ~ohency ~x in.nhenry of ~he \lortgagcx~ or am• nther p~re~ dr(enlant to ~uch su~1. The \lurtgagtx hereb~' spenf~cally Maives the nght to ub~ect n _3 to chc appo~nemrn~ uf a ~eceive~ a. a(uresa~J and hcrcby rxpressl~- .onscnts that such appo~ntment shall be made as an adm~tteJ eqwty ~ and a~ e matter oi ah~nlute nEhl to the \textgagee anJ thet thc same may be dnne w~thout no[~ce to the Nort6aEor. ~ I( ) If lorc. t~~wrc pr~~ceed~nEs shuuld be ~n.ututed aga~nst the property c..~ered by tt~~s mortgage upon any other lien or claim whether r1lcEed to br .uper~ur or ~unior to thc hen of this mcxtgagr, the Mortgagee may at his ophon immed~ately upon m.atuhon o( >uch suu ' or during thr ~xndency thereof declarc th~s matgage and tht ~ndebtedness secured hereby dut and payabtc t~~rthw~th and may a~ ' ~'F~~"^ D«~crd a~ (orcclose th~s mottgaEe. ~ (gl That the \tortgagor ,r~ll keep all rcal and per.unal pruperty now• a hereafter encumbered by the l~en ot :h:~ mortgege ~nsured as ma~ '1 bc requ~rcd from t~me to t~mc by ihe \tortgagcc agamct lu.s by f~rc, w~nd.twm and oth:r hazards, ca.ualt~es and ~ontingencies (or such perialc and t~x not iesc than such amuunts a~ m~y be tequtred by the \lortgagee and tu pa)' prumptly when due all prrmiums (or ~uch y ~nwrrn.c. Thr amaunt+ of insurancc rcqwred M ihc Nortgeget shal! bc the mm~mum amounts for uhuh ~a~d msu~ancc ~hall bc wrrtten rnd it chall ?+e in~umbent upon thc \lortgagrn 'o mamta~n suih add~uonal onsutance a+ ma~ be nec~.~ar~ to mcet and ~omply tully w:th all co-~n.uraner ~eyuuements cumam.d ~n ~a~d pnlicu> to the tnd thet the ~e:d \lortgaga ~s not a cu-~n~uror thereunder_Incuren« " .hall br wnetcn h~ a company or cixnpan~e. ~pproved or dcsignated b~ the Mortgagee and all pol~c~e~ and rene~ralti thereof .ha11 be hclJ ?`7 h~~ thr \1u~tgagrr. 411 dcta~lcd dc~~gnai~on. b~~ thc \fortgagor uhich arc accepted by :he ~lurtgagee •nd ell egrecments beiwcen Nort6agor - aad ~1ort6ager relating tn msurancc, nor caisting or hereafter made, shall be in wr~tma and shall be a part of th~s mortgage agrcemcnt s; ac (ull} e~ ~hough cet inrth verbaum here~n and shall go~ern both parl~rs hereto and the~r aucce~sers and aasigns. No lien upun ~ny of said p~i~cic~ ot ~n.u;ance or upon ~ny~ refund or retum prem~um w!nch may be payable on the cancel{at~on or tcrm~nat~on there~~, ~h.i! bc g~ven to .:thrr t:ian thr \lortgagct, cxcept by propcr cndor~cment affued to such pol~cy and approved by Mortga6ee. Fach pol~c> n( _ ~nsuranct shall ha~c aff~~cd thercto a Standard \ew' Ywk Slortga`te Clause ~•~t»out Contnbuuun, mak~ng all lo~s or los~rr unJer ~ueh ~ r+ayahl~ ~hc ~lortgagee rs ~t~ ~nterest maY ~DP~~r, In the event any sum or sums of money becume payable thereunder t~c `d~~rt- ~eagrc .h~l! harc thc uptirm to rcce~~c rnd apply' the camc on account ut the tndebtedness hcreby s-~ured, or tn pr~m~t thr \1~~r.gaQOr ~o rtce~rc anJ use ~t, or any part therto(, wuhout thcreby wa~~mE ex impa~nng any eyurty, lun, or nEht under and vertut o! :hi. m~t • c. In event of los. u+ c~.al Jame c to the m~rt a ed ro erty the \Iort agor shall ~~e ~mrrcJwte noh~c thrrco( h~ ~a~! t~~ E R ~Y- R B' R D D 6 E - the \1ort~tagre .,nJ [hr \Ic~ig~gcr me~ mekr pr„oi ~ 7 1~•~. it tnr :amc i. n„t msdc (1fUR1(11{~' hC_!itt \tur!g,,gor. In c~rnt ~.i tore.l~•~urc ~f ~ ' 1 n C ~ V ~ ~ r : . 2779 v~ ~ , _ . _ ~ ~ ~ _ - _ r .