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Home My WebLink About1000 { PROVIDEn, AI.WAYS. that if the hlorteaaot shall pay unto the Nort~a~ee the i~debtedness ev~denced by a certain p~omisso~y note c+f which the (ollowin~ in words aed fi~urCS is a true copy tav?~t. ' ~ ~ r~~ c~~,d, June 9, 7 3 s OQ - - ~ - El)R V4LUE RECEIVEU WE iointlv and severally promice tupay to the ord~~ o( NATHAI~_$ODFNSTF.TN ~ND_~YLV~A _BOD~+N~TEITlr- the pnnc~pal ~um oi TSe10 THOUSAND FIVE HUI~DRED TWENTY-FIVE AND , together with interc~~ ~hcreon trom date at th~ rate of ten percent, per anoum until maturity, both principal and interost beinR payable in lawtul money u( th~ l~nit~d ~tates at '.'.:~1 Biscayne Blvd., Miami, Florida, ur at such other place as the holders hereo( may designate in wntio6_ Pnncipal and interrst pay~ble in inaWlments n followt: ~ FIFTY-FIVE ($55.00) DOLLARS per month, beginning on the 15Ch day of August, 1973, and continuing on the lSth day of each and every monCh thereafter until paid in full. T~?s note may be pcepaid ~n whole or ~o pact a(ter one year from the date hereo[ upon payment of a penatty equ~valent ; eo fi~•e Dercent of the pr~ncipal sum prepa~d. Each imtallment pavment ahall be rred?ted firat on the interent due, and the remainder on princ~pal; and intrrr~t ~hal) thrrr- ' upun cea,r upun the pnncipa~ so cr~dited. , Th~ m+km and ~ndotsers of this notc furth~r agree to wa?vc demand, not~c~ of non-payment and protest, and in thr event ~uit ~ ~ .I~all b~ bruuRht (or the colleclion hcreo(, or the same has to be collccted upon demand ot an tttorney, to pay reuonable attorney'~ I (rr. (or making +uch collection. Drl~rr~d payments he~eunder eha116ear intetest at the rate of ten percent per annum [rom maturity until paid. 1'hic oot~ is recurrd by a mortg,ySe of even date he~ewith tnd ia to be conetrued and en~oreed according to the laws of the ~tat~ o( Fl~nda; upon de(ault in the payment af pnncipd and~o~ intereet when due, th~ whole 6um oi principal and interett rrma~ning unpaid cha11, at the option ot the holden, become immediately d and payable. ~ _ + /,-~l,Ci t t~"~~~->-.--- (SEAL) ~ " ~ ~ ~ ~ ' ~ ~ . + . ' • (SEAL) - - l_ .~.<iSEAL) - ~ ~ ~ ' ~ ' - - - - ~ ar~d shall perform, comply w~th and abide by each and every the stipulations, agreements, conditions and cove- j n~nts uf sa~d prom~ssoty note and of this deed, then this deed and the estate thereby created shall cease and be null and void. . ; 1. The Mott~agor he~eby covenants and agrees: f (a) To paY all and ~~nsulu the pt~nc~p~l and ~nterest ar.d other sums of money paY~b~~ by v~rtue o( sa~d prom~ssory note ~nd this ~ deed, or euher, promptly un the daYS respecUwely the same severalty becomes duc. i ~ lDl To perm~l, cortumt w sutter no Waste r?d to marot~m ~hc improvements a~ all hme~ in a st~te a( jood repau snd cond~tion, and to do or perm~t to be done to sa~d prem~ses nothm~ that rr~ll altcr or chan~e the uae ~nd cAu~ctet ot sa~d property or m any v~y impa~r or k re~ken the atcunty o[ this mott~a~e. And m case of the refusal, ne~fect w in~bility ot the Mort~~~or to repa~r and m~inu~n s~id proper- F ty, the M«t~a~ee may, st fiis opt~on. make auch repairs or cause the samc to be made, and adrance moneys in th~t beh~lt. ~ lc) To pay alt and ain~ular tAe t~xec. assessments, lev~es, li~bil~uei, and obli~~uone o( every nature on said deactibed property each ~ and every vhen due and paY~ble accadm~ to law, befae they becaae del~aquen[, and to Jel~ver to the Mort{a~ee on or betore March ~ 15tA of e~ch year t~a receipts ev~dencins the psyment of all lavtully ~mposed texe~ [or the preced~a{ e~lend~r ye~r; to ind~mrfi(y the Mata~~ee upon h~s dem~nd (w alt taaes, asses~ments •nd char~es that m~y assesscd upon th~s mort~a~e on the ~ndeSteAness s~- ~ cured hereby, and pa~d by the mat~i~ee, .~thout resard ~o any I~v heretofore en~cted oc hereafter to be enacted ~mpos~n~ ~ayeoeni of ~ the irholc a any ~art thereof upon thc A1or~daeee. (d) To pay all and a~njular the costs, chsr~es and eapenses, ~nclud~n~ lawye~a' (ees and ab~tr~ct costs re~sonaEly incurred ~+r p~~d a~ any ~~me by thc Mwi~a~ee because of the f~~lure on the p~rt ot the Mort~a{or to peeform, comply ~~eh and ab~de by e~ch and every the ~ st~pulat~ons, a~reemen[s. cond~t~ons and cove~sets o( s~id poa~ssory oote ~nd this deed, or ei~her, and every such'p~yment shall bcar ~nterest from d~te ~t the rate of tcn (10'~r) per centum per annum. ~ (e) It i• fur~het coren~nted and a{retd py said puues that in the event o[ a suit bem~ ime~~tuted to foreclose this mort~~~e, the Mort- ~ ~~{te shall be entitled to •pply •t any time pendin~ auch foreelosure suit to the court h~vin~ juri~dicuon thete o t (or t he appo~ntment ~ o( ~ rsceiver of all and ~ir?~ular tht aort~a~cd propetty, and of ~11 rents, iaeamea, prof~ts, issues ~nd revenuea tAereo[, from rhatsoever source denved; •nd thereupon it is hereby expressly coren~nted •nd ~~reed th~t the Court sh~l( tortA~ritA ~ppoiet such receiver ~r~tA ~ tlu usu~l powers and duhes of receivers in lite c~~es: ~ed s~id appo~ntmeet shall be m~de by the court ~s a m~tter of strict ri{ht to the Mat~~~ee, ~nd w~thout referenee to the ~dequ~cy or ~mdequ~cy of the value of the property hereby matj~~ed, or to the solvency ~ or iniolvency of ~he Mort~~~ors or any other p~r~y defendant to iuch ~u~t. The Mort~a~or hereby spec~(1c~lly raives the n~ht ~o ob~ect to the appo~ntaent'of • receiver •s a(aeasid •nd hereby eapreisly consents tbat •uch •ppointment sh~lf be m~de ~a ~n adm~tted equ~ty ~ •nd as ~ nutter ot ~b~olute n~ht to the Afart{~~ee and that the iuee euy be do~e w~thout notice to the Nortq~or. (f) 1f faeclosure proceedinp should be inst~tuted ~~~inst the propetty covered by th~a mott~~~t upon any other I~en a cla,m rhether •tle~ed to be supenor or junior to the Gen of ihis mortp~e~ the IAort~~~ee m~y •t his opuon immedutely upon msutuuon ot such ~u~t : - or durm~ the pendency thereof decl~rc ~hu mort~t~e and the ~ndepttdneas secured Aereby due ~nd p~ya?le torth~r~th and may at ~~s ' - option proceed ~o facclo~e tA~s mor~~~~a ~ Th~t the Mortp~or W~11 keep all real ~nd personsl property nor a herufter encumbered by the I~en o( thu mortsa~e ~nsured as may Ee required troa~ time to ume Sy tBe Mort{~~te •~~mst loss by fire, w~ndstorm and o~her hazards, uswh~es ~nd conun~enc~es tor such t per~ad~ •nd ior not les• th~n such ~enounts aay be requved by the Mortt~{ee ~nd to p~y promptly when due •11 pem~wns fa such ~nsuranet. The ~arount~ of ~nsuru~ce requued by tAe Mort~~~et sh~ll be the m~n~mum ~mouota (or ~h~ch sud msur~nce shall be ~vnuen ~ ¦n0 ~t sh~ii oe ~ncud~0ent upp~ ti~e Aionp~or to m~tnr~~o such ~oo~i~m~i ~nawancc aa m~~ i,c i.etcsi:iy r~et: :r~.+ comply fuily ~ X' all co-~naur~nce ~equ~rements cont~med in s~id policies to tAe ead that the s~id Mort~~~a ~s not ~ cw~niuror tAereunder.lnaur~ece ti, ~h~ll bt rnlttn by ~ comp~ny or comp~n~es ~pprored w des~{n~ted by the Mort~~~ee and ~11 Dol~c~es and rens~r~ls thereof sA~11 be Ae1J Ey tl~e MatN~ce. All det~iled dea~~n~tions by tht Nwt~~~or tih~ch ue ~cctpted br the 6{ort{~~ee and all a{reements bet.een Atort~~~or ~y and Mort~~~u rel~an~ to m~ur~nce, no~r ezlstin{ or herea(ttr sude, sh~ll be in ~rntin{ •nd sMll tre • p~rt of thu n+atp~e ~~reement - (ully thou~h aet forth verb~uis here~n ~nd ih~ll ~orern botA p~raes Aereto ~nd thtir successors ~nd •ss~{ns. No lien upon ~ny of •dd poficics of msur~nce or upon ~ny refund o?retutn prem~um rAich ~a~y pe p~y~ble on tAe uncsll~uoe or tcrm~n~twn thereof, sh~ll r'^ be pvcn tv otAer tA~n the Mott{~~ee, e:cept ey a~~ endorument ~ff~~ced to such policy •nd ~pptoved by Ma~~~{ee. Eacb pohcy o( ~ ~ ~n~ur~nce ehsll h~ve •tGaed thereto ~ Sundud Ne~ Yak Morti~{ce Cl~we ~~thwt Contribui~on, matin~ all losa or losses under ~ucA xe poGcy p~Y~ble w the Mor~pjee ~s ~ts in~ere~1 m~Y ~pPs~r. ln the tr~at ~ny iwn or su~ea o( money become p~yable ~hereunder Me ~1ort- p{et ~hsll hart ~he option to ~ece~~e ~nd •Pply tht ~~~e aa ateount of the mdebtedness hcreby secured, or ~o perm~t the Nort~aEnr to rsceirt •~d we rt, or ~ny Out dtcteof, ~~tAoul thereby ~~irin~ a imPunn~ any eQu~ty, litn, o• nsht under and by v~nue o( this nart~aja In event of Iwi a phrsicd d~w~t to tht mort~a{ed property the Mott~~~a sh~ll ~~ve ~mmcd~~te no~~ce tAerco( by ma~l t~~ tAe Mat{~~ee and ~he Mort~~jee m~y m~ks proof of loss ~f the same i~ no: made promptly b~ the Mat~a~a. !n even~ ~f fore~ln.ure nf ~ ~~CK ~~5 ~~Gf 9e78 ~ ~ - _ _ : ~ ~ --r. _ . - _ - _ = , ~