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Home My WebLink About2690 PRQVIDEn, ALWAYS, that if the Nor~`A~or shali pay uato the ~1o~t~a~ee the indebtedness tv~Jenced hy a certa~n ptom~~~oty note,.,,~of which the followin~ in words and fituros is ~ true copy to-wit: ~ ; 1625.00___ _ Ft, A ril 26 ~c, Fiond~ P ~ ~ 7 3 F(1H VALI!E RF.CEIYF.D_ I promise tu pay ~ t~~ the urdrr of NORMAN K. L~1NDNIAN PROFIT SHARING TRUST thr princip~l .u~~, ~r _O~IE THOUSA~VD ~IX-~ON~DRED - - I, , ti, tog~ther with int~re.t th~•n•~~n (rum datr at thr rate uf trn Fwr~~rnt, per annum unti) matu~ity, both principal and intr.~esl bring payable in lawful mo~iey uf tV~~• l nit~d ~tate. at '_'','.L~1 fiiu•aynr (il~d., ~liami, Eiarida, o~ at such other place as the holders hercof may deaignate in writing. f'nncipal and intrrest payable in instailmen4~ as [ullows: Forty ($40.00) Dollars per month, beginning on the lSth day of June, 1973, and continuing on the 15th day o~ each and every month thereafter until paid in full. ~ This note may be prepaid ~n whule or in part a[ter one year from the date heteof upon payment of a penalty equivalent ° <<~ (?~~e petcent of the princ~pal sum prepaid. j F:;~ch inslallmrnt payinrnl ~haN be ~•~cdited first un the interest due, and th~ remainde~ on principal; and interest shall th~•rr- ~ ~ upun ~-rasr upun thr principa) w rrrdited. 3 ` 7'he mak~n and rndun.•n uf thi• nute further agrerce to waive demand, notice of nompayment and protest, and in lhe event .uit ~ ~ ~h,~ll t?r brou~ht for the cullrctiun t?ere~~f, ur the ,am~ has to be collected upon demand o[ an attomey, lo pay reasonable attorney': i~~~•~ fi?r making such collectiun. ~ 1)~ferred payment• hereund~r ~haU bear int~rest at the rate of ten percent per annum [rom maturity until paid. 'I~hi~ n~?t~ is cecu~ed by a mortgage of even date herewith and is to be conatrued and enlorced according to the laws of the ~,~tatr uf Florida; upon drfault in the paymcnt of principal and~or intereat when due, the whole sum of principal and interest ~I' rr,n~ininq unpaid ~hatt, at the option of thr holders, become immediately due trtd payaWe. ! ~ i `+r ' 1 lit.li S 'AL) i i ~ Prc u~d b y y ~ -(SEAL) p y~pieler & Tendrich, At1orn~ s- 2240 Bixa ne Blyd., Miami, Florid~ ar~J shall perCorm, cumply with and abide by each and every the stipulations, agteements~ conditions and cove- nants oC said promissory nute and of this deed. then this deed and the estate thereby cteated shall cease and be nuil and void. 1. The Mortgagor he~eby covenants and aarees: la1 To psy all and ~~n~ular the p~~nc~pal and interest and other swoc of money payable by virtut of said prom~ssory note and th~s decd. or e~tbcr, promptly oe the days respec~ively tl~e saiee severally becanes due. (b) To pe~m~t, caomu or sut(er no raste aod to mamtam the improrements at all hmes in a state o( sood repair and condiuon, and to do or pcrm~t to be donc ~o said prem~ses noth~n~ that v~ll alter or cAtn~e t6e uae sed chuacter o( said property or in any way impau a reaken ~e secunty ot th~s mor~p~e. And in case of the refusal, ne~lect or ipability ot the Mortts6or to repair a~ maintain s~id proper. ~y, the Mortqaee msY, at his op~ion. mate such repairs or cause the same to be made, and sdvance moneys in that behalf. (c) To pay all snd ~~nsulu the taaes, assessments, lev~es, tiab~lities, and obli~ations of every nature on s~id desctibed property each and erery ~rhen due and payable atcord~ns to Isr, betore they become deliaauent. aod to deliver to the Mortaaaee a? or betae March IS~h of e~c6 year !aa rtctipts evidenc~n6 the paymen~ ot sll lawtully ~mposed ta:es for the ptecedins ealendu yesr; to indemnJy the MatE~E~t upon his demand for all taxes, a.ses~ments and charses that may be assessed upon this matq~e oe t6e indebtedness cured hereby, and ~+aid Ay the mat~a~te, ~r~thout rtaard to any (a~r htretofore eoacted or hereatter to be enacted impoa~nj payment of the .hole or any ~ar1 thereol upon Ihe Mortsasee. (dl To pay :li and s~naular the cnsts, chat~es and expenses, ~ncludie~ la~yers• fees and abstt~et costs reasonably incurred or pa~d at f any nme hy the Mat6a6ee becau.e o( the tailure on the part ot the Mo~tp~or to perform. coaply with snd abide by e~ch artd every the ~ ~~~r+ulat~ons, a~eements, cond~tions and covenants ot saed promisso~y note and th~s deed, or eitbet, and every sucb~payment shall bear { ~n~crest trom da~e at the rate of ten (10S) per centum pe~ annwa. i } i !el !t is turther corenanted and s~reed by ssid parhes thst in the event ot a suit be~ns inst~tWed to toreclose this mort~ate, the Mort- ~ 6a~ee shall be entitled to spply at anr ~ie~e pendins such fareclosure suit to ~he court da•in~ jmisdictioa thereo( tor the appo~ntment ! of a rece~rer of all and sinaulsr the ma~{sjed property, ind o( sl) rents, ~ecomes, ptofits. issues sod rerenuea thereof. from whatsoever ~ .ource denved: and theteupon it is hereby eapressly coven~nted and ~{reed th~t the Caurt shall forthrith appoint such rece~rer wtth the usual po+rerc and duues of rtctivers in lite c~ses: and eaid sppointment shsll be made by the eourt ~s ~ matter of strict ri~ht ~o ~ the Mixt a er, and rithout reference to the ade uacy or ~nsde uacy uf the value ot tAe o rt hereb mat a ed, or [o the colvenc ~ Mx;i q Q P~P~ Y Y 6~ Y .x ~nsolvency o( the 61wt~a~ars a~ any other party de(endant to such suit. The Mat~a~or hereby speci[ically waives the nsht to ob~ect to the sppomuneot of a receivtr ac ataesaid and hereby espessly cansents that such appo?nuaent shall ee made as an admitted eqwty ' and as a matter ot absolute ri~hl to the hlat~a~ee snd that the saa~e msy be done v~thout notice to the Mort~ator. t (f ) If foroclosme procetdin~s should be instituted a~ainst 1he property covered by th~s ~wrtp~e upon aey other lien or cla~m vhethe~ •Ile6ed to be supenor a junior to the lien ot this mortp~e, the Mottp~ee may ~t his option immedt~trly upon ~nstiwuan ot such su~~ or dur~n~ the pendency Wereof dtelare this earts~se and the indebtednrss aecured Aereby due and payasle ~^~~hrith and may a~ ~tti opt~on proceed to facclwr this mat~a~e. lsl Tha? the Mort~a~ot will teep all real ~nd personsl property nor a hereafter encumbered by the I~en of this mortsase insured as may 3 bc required fran uae to time by tht Mortsa~ee apinst loss by Gre, ~rinds~am snd otAer hstards, c~swh~es and comm~enc~es fur wch per~ads and ior not le~s thaa such amounts as A~r be requued by the Mottp~ee snd to pay promp~ly vrhen due sll prem~wns !or such ` insurance. TAe amounu o( iasurance requued by tAe Mwt~~~ee nddl be the min~awa soaunts tor vrh~ch ss~d msurance ahall be ~nlten i ; and ~t shall be If1CYmbtAt YpOf1 tlft MO~t~~~01 t0 h~UlIl1D SYCb ~dditional inswance as may be nececsary to meet snd comply fully +r1ih ' all co-~nswance tequiteaents contained in s~~d policiea to the end that the said Mort~a~o~ ~s ~ot a co-insura thcreunder.(nsurance sha11 be wnttcn by ~ co~pany o~ co-pan~es app~oved or des~~n~ted by the MartLa~ce and ~11 po:icies and reae~~la tAeteo( shall be held by the Mortp~ee. A!1 detailcd desianstlons by the Mat~a~or +vh~ch ue accepted br ~e 1lortp~ee and sli aueee~cnts betKeee Mat{~~or - and Matja~ee rel~t~ns to ~nsw~ncc, no. ei~stin~ or Aereaftn wade~ shall be in .ritia~ and shalt be a p~ri of tAis matp~e a~reeaeet as fully ss thou~h sct tath verbatisn Ac~e~n aed ahall ~overn both psrtiea hertto snd their sYCCCSSws and assi~ns. No lien upon ~ny ot t a~iA poLues of ~nsuance a ~pon say retund or rewrn pree~Ya ~rhich ~y be p~yable oa tAe csnceU~uon or ter~~n~uoe thereo(. sbsll ~ be ~~ven ~o othcr ~Aan the Mott~~~ee, eacept by proptr eadwsta~ent a(fiaed to such policy and ~pprored by Mort~a~te. Each policy n( % = roiw~nce shill have d6aed thereto a Staadud Ne~ Yo~k Mortqace Cl~use +~~thout Contnbuuon, nuk~e~ sll loss a losses under ,ucA i pol~cy payable to the Martp~ee ss ~ts ~n~erest wy appeu. In the event ~ay sua~ o~ suau o( money becane pay~ble thereunder the ~tort- ~ ~ Ra~ee +hyll have ~he opUOn to rece~ve snd •pp1Y tbe sa~e on aceount o( the iadebtedness Aefeby secwed. o~ /o pttm~l tht \NMtRaRm € to recc~rt and use ~t, a anY psrt thereot, ~~~hou~ theresy rur~n~ or iwpau~n{ an~ ewil~'~ lita. or n~l?t ~nder and Ay vutuc of ~hi~ j m«t~a~e. In eveM of loss a pArs~cal dama~c to thc aort~ated prope~~y the !No~1p{or sball prt unaedute not~cc ~hercuf by re~~l t.~ ~ thc ~Ialp~cr •n.1 ~Ae 4kKtRa~ee msY ~ute ~xu,./ ut tn~. d ~hr aamc not made pumptly by the ~fatp{ot. In event o( (urt~l~~.urt ol ~ E~~~, 2~~ .}~~~~i 2686 . - - _ ~ : - , ~ n ~ .