HomeMy WebLinkAbout2575 PROViDaD ALWAY8, ffiat ~d mo~oe ~all PsY ua~ wid ~ dr orctalA pr~oey
ao~e t~e~fae rub~hnel~? aonied oe ldsuti~d. bo~wlt~
= 16. 940.00 Fort L~udecdale, Fla. May 1. 1973 ,
FOR VALUE RECEIVED, V~E, or eichec oE us~ pcomi~e to par to the ocda of
EDIIARD ~0lFMAN -
SIXTBS~? TI~U8ADiD DTINS HUNDRBD 1~'ORTY P1ND IlFO~lOO~~~~~MN~~~~N DOLLARS
1506 Collins Avenue. Miami eeach. 1?loacida 33139 ;
,
•Itb Intecest from ~tQ .c c6e cace oESeven & On!-half ( 7~ cent per ;
,
~nnns ~mtil pald, p~yable as EoUo~s: • ~
t
Com~nencing November 1, 1973 and oemi-anau~lly thereafter,
; until this note, together with intere~t thereon, f~ paid
in full, payment of the eum ot $847.00, plu• ~ccrued intesest.
Privilege ie reAerved to prepay thia note in whole or ia part at an
time without peaalty.
;
~s ~oTS is sscvRSn ~r A~caAS$ Mo~t MoR~a$ og n~,TS. ~
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Now, shouid it become oeccasaryr to collecc t6is ooce thronsh au ~aotae~, eld~a oE a~. v6ether ~aker. ~utet~. or eadorsa oq ~
~hia noce. heceby ~aree co p~y all coscs of anch collecciou, iocludias ceasoa~ble atcoraey'• Iee. T'6e dra~ers ~ad endorser~ ;
~c~aall~ ~ai~e presencmeac Eor paymeuc. ia protesc. ~nd notiee for nos-par~eot of ~his aote.
IN 'fHE EVENT anr paymeac of incerest ot principa! be not p~id wlthis ~ T~1~ ( 3Q ) dqs aha t~e i~ae
beeome~ due, tLe holder oE chis oote mar. at hit optioo. declare ~he e. pr bereoE w be is~ediacely dde ud
p~rable. -
~s~.t) • h Pela a ~sea~)
Ralph Pelaia, Trustee
(Seal) (Ses1)
and shall perEorm, comply with aad abide by woh aod every the agce~eats. suP~aons, conntt~wns ana oove-
nants thereof, and of this anortgag~ tLes? this a4or~a8e and t6e estate heoeby created, s1~a11 oease, de~rmine
and be null and void. '
AND the mortgagor hereby furtber oov~nant~s aad agrees to PaY P~PVY when due the principal and
~ interest and othe~r sums of money provided for in said note and this mortgage. or either: t~ pay all and singular
~ the taxes, assessmen~s, levies, liabilities, obligaq~ot~s, and eacumbrances of every nature oa said property; to
~ permit~ oommit or suffer no waste, impairmeat or detedoration of said land or the improvemeats thereon at
an~~ time; to keep the building,s now or hereafter on said 1anc1 fu11Y insured in a sum of not less than the fuil
insural~le value ia a company or companies aooeptable to the awrtgagee, die poliry or policies to be held b~-,
and payable to, said mortgagee, and in the event any su:.~ of maAey beoomes payable by virtue of such insur-
ance the mortgagee-shall have the right to receive and apply the same to the indebtedness hereby secured,
accounting to the mortgagor for any surplus; t~ pay all oosb. charSes. and e.cp~, including attorneys fees
and tide searche.s. reasonably incurred or paid by d~e aartgagee because of the failure of the mortgagor to
prompdy and fully oomply with ~he agreennenb~ st~putations, oondiaons and covenana of satd note aad this
mortgage, or either; to perform, comply wIth and abide by each and every the agreements, sHpulatlons, oondi-
tions and covenants set forth in said note and d~1s mortgage or either. In the event the mortgagor fails to pa}-
wl~en due any taz, assessmeut, insurance precniwn or ot~er sum of money payable by virtue of said note and
this mortgage, or either, the mortgagee may pay the same, without ~vaiving or affecting the option to foreclose
or any ~ther right hereunder. and aU such payments shall bear interest from date thereof at the highest law~ful
ratc then allowed by the laws of the State of Flarida.
IT IS ex~ressly stipulated and ageed that tbe mortgagee and its legal represeataHves ahall have the
priv;lege, at its option, after the doing of or the omission to do, by the nwrt~agor, or its le~al representatives,
~ its suocessors or assigns of any act or thing which shall oonstitute a default i~ or breach of any of the terms.
~ oonditions and covenants herein or in said note or notes oontained and upoa t~e oommenceanent, in a eourt of
~ competent jurisdictioa, of a suit for the foreclosvre of this mort$age, of aPP~nB bY ~~Si~
oomplaint for forectosure or othervvise, and shall, ~ an equity hereby admitted and canfessed, be eatided, as a
matter of absolute right hereunder and without regard to the value of die hereby mort~aged premises, property
and ~tate, or d~e neoessity therefor or of tLe re4sot~ableness ~ eapedieacy t6ereof. or the solvenc,y or inwl- '
vency of the mortgagor or its legal representat[ves. and widiout nottoe to said awrtgagor or Ib leg~l rep~re.
sentatives, to the appointrnent of some suitable person or oorporation as a reoeivu for the pmperties. premises
and estate hereinabove descrlbed, aad of tbe ~b, issues. inoome. ctiwenue and psoBb dureof, such ~ppolnt.
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