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Home My WebLink About2651 f'ROYIDH11. AI.NAYS, that ~f ~he \lortgagot shaU pay unto the ~brtga~te the ~odebtedoes~ rv~J~ncrd M r ~t~tam prum~.+or~ notr ~f wh~ch the follow~ng ~n words and figures ~s a trut copy to-a~t~ 'f~ s 32825.00 ~ Fo~P~ ce, Florida June 16, ~ ~,~73 F(1R VALUF. Rf.CFIVFD I promice t ay o th~ ord~r of HERBERT H. STERNLIEB, TRUSTEE- - he pnnc~pal wm o( THREE__THOUSAND EIGHT HUI\DRED TtdENTY`FIVE~.~.~}~~h~r with int~rrst ~reon ~rum date •t th~ r~tc of ten perc~nt, pet annum until maturity, both prineiPd and intereet bein~ payable in law[ul money u( 1h~ l'mted ~tatrs at 22~W Bisciyne Rlvd., 11~ami. Florida, ur at su~h othrr place a~ the holden hereof may de•~gn~t~ in w~,tinR. Principa) and int~rr~t pay~blt in installments aa IoUowa: EIGHTY-FIVE ($85.00) DOLLARS per month beginning on the 15th day of August, 1973, and continuing on the 15th day of each and every month thereafter until paid in full. Th~s note may bc prepaid ~n whote ot ~n part afcer one year from rhe ~iate hereof upon pa~•ment o! a penalty equivalent tc. f~re percent of :he pnnc~pal sum prepaed. f:~ch imtallm~nt payment ~hall be ~ r~d~t~d f~nc on th~ int~rcst du~, and th~ r~mainder on principal: and ~ntrr~~t ~hall thrrr- upon rro.r upun th~ pnncipal ~o cr~ditcd. ~ Th~ m.l~~n and ~~donen of thiF not~ furth~r agree to waive d~mand, noticr of non-Payment and protecl, and in !hr ~Yttl~ ~UIL .h ! h~ brouRht tor th~ roll~ct~on hereuf. ur the same hes to be coll~et~d upon demand oi an ~ttorney, ta pay rea.conaGl~ attorn~y'~ (r for mak~nR +uch coll~ction [)~f.rnd paym~nts her~und•r qhall bear int~n+t ~t the rate ten pe~~~nt p~r annum from maturity until paid_ i h~. not~ is ~ecurcd by a mort{p~r u( n•en ~fste hrr~with and is to be ~onetrued and enforced aecording to the laws of the ~Is~~ ~I fl~.r~di: u~n ~fau~t in th~ payment n[. princ~pa) a. ~ir'os ~nterest when due, the whole wm of prin~ipal and ~ntere~t rrmain~nR unpnid Fhall, at tht option of th~ holdetn, becomc imr.i~diat~ly dut and payablt. ! - (~Eal.) . - (SEAL) ~r~J ~hall perGxm, c~?mply N~th and abidr bp each and every the stipulatiuns, agreements, eoadilions and cu?e- nant+ of ~a~d prom~ssory nute and c?f this deed, then this deed and the estate thereby cteated sha11 cease artd be null and ~o~J. 1. The !~lortgagor heteby covenants and agrees- lal To DaY all and sinaular the pr~nc~Dal and mterc~~ and other sum~ of money payable by vutue of said promusay note and thu dced. ur euher, promptly on the days re+pechvely the same se~eeully becomes due_ _ , ~b1 7o perm~t, cummit or sutter no w~ste aad to ma~n~a~n ~he improvements at all hmes ~n a state ot sood repau and cond~uon, and ~o du ur ye:m~~ ~o he done to sa~d pem~ses nothm6 that r~ll .Iter or chan~e the use and character o( sa~d property or m any v~ay ~mpa~r ~x ~eaken the secunty of th~s mor~sase. And m case of the refusal, nestect or ~nabehty of Ihe Mortaaaor ta repa~r aed mamta~n sud proper- ty, the !?tor~p~tcr mav, at h~s option, make such repaus or cause the same to be made, and advance moneys ~n that behalF. Ic) To pay all and ~m~ular ~he ta?ea, assessmen~s, tev~es. I~ab~l~hrs, and obl~tauons o( erery nature oe sa~d descnbed proper~y cach ,.nd evtry When Juc and payable accwdm~ to IaM, betore they become delinqutnt, and to delrver to the Mortgaeee on w brfore S1srch ISih o( each year tax rece~ptw ev~dcncmg the paY~~nt nt all I~w~(ully ~mposed taxes (ur tAe preced~n6 ealendar year, to mdcmnd~ the ~Iwtaaaee upon h~s demand (or all usec, a.sescmcn~s arnf chac6e~ that may be assessed upon th~s mort~a6t on the ~ndebtedness ~ured htreby, and pa~d Dy thr mixtEaEee, ~~tAout reRard to any law hereto(ore cnacted ur hereafter to be enscted ~mpos~n~ ~ayment o: , ~he •+hote rn any ~art thereof upoo ~he ~f..rtRaFee. fdl To pay alt end r~ngulu ~he coc~s, charses and expencec, mciud~nR lawye~s' fers and abstrac~ costs reasonasly mcurred r+r pa~d a~ .my umr ny ~hr \1~xtgaErc bccau~c o( thc faJure on thc part of the ~lortga6or to pe~form, cwnply ~~th and a6ide by each and rver~ the .t~pulauc.n., agreementc, cond~t:on~ and covenants of sa~d prom~ssor>' note and th~~ deed, or e~ther, and every such~payment shall 1+ea~ imrrrst (~um datc a~ thc ra~e of trn 111Yrs) ptr centum per annum_ lr) lt turther covenantcd and asreed by sa~d D~~~~es tha~ ~n the event of a suu bem~ msUtuted ~o Foreclose th~s mnrt6age, ?he ~Inrt. ga6ee shall be entnled to apply at any hme pendm6 cuch foreclosure xurt to the coart hav~rti jwisduhon thtten( fa the sppo~ntment ! ut a rece~rer ot all and cinaular the mnrtaa~cd property, and of all rents, ~ncomes, prof~ts, ~ssues and revenues thereof, (rom w•hatsoever ~ .~wrce denved. ind iheteupon ~t ~s hereby tapressly covenanted and a`teed that the Court shall fwthw~th appomt such roce~ver r~th the uaual powrr~ and dut~es o( rece~~ers ~n I~ke cases: and sa~d appo~ntment cha!{ be madr by the court as a matter of .tnc~ n~hi io rhr \1,xtaaace. and w~thout rcterence ti. the adeqwcY ~,r madrquacy ot the value o( ~he ptoperty hereby mottRased. or to tAc .ul~en~y j .~r ~n~olv~ncy of ~he Monp6ors or any nther party de(enda~t ~o such su~t. The A1ort6a6or hereby specd~catly warves the ri6ht to ob~ect su the appointment of a reet~ver a~ aforesa~d and hereby eapressly consents that such appomtment sha11 be made as an adm~ueJ eyu~ry j and as a matter ot aA~olute r~shl [o the ~lat~aaee and that the same may be done w~thout nohce to the Nor~saso:. If 1 If foreclusure pr~xeed~n~s should be ~nsututed s~ainst the property covefed by th~s mortp`e upon any other hen w cla~m whether alleKed to be supcr~or ar ~unwr to the I~en o( this mort`asc, the Mortgasee may at h~s opt~on ~mmedratcly upon ~nsHluuon ~f .uch ~u~t .or dunn6 th~ pendency thereof declarc this mottaaje and the ~ndebtednrsc cecured hereby duc and payable fcxthr~th and maY ~t ~r. ~~pt~on proceed to tatcloae th~a ma~sa6e. 1~1 That the Mort`asor ~v~ll kcep all real and perscxul property nov or herea(ter encumbered by the lun ot th~s mortga~e ~n+ured a~ m.y ~ hc reqwred (rom Ume to time by the Mortaa6ee a~amst Ioss by t~rt, wind~~ixm and other huards, caswlues snd cont~nEenc~c. (~rr .u~h ; penods and ~or not less than such amoums as msy be :equued by the S1ort~a~ee and ~o pay prompUy wAen due sll prem~ums (or such i ~nsuranca TAe amounts of ~nsurance ~equued by the `dort`aRec shall be the m~mmum amounts fur wh~ch sa~d ~nsuronce sball bc wr~tten ~nd ~t .hall be ~ncumbent upot~ Ne Mortp6or ro maentam .uch addltional ~nsuranct as may be nece.sary to mee~ and comply tully ~rqh alt ~u-~nsunnce requ~rements conta~r.ed in sa~d policees to the e~d th~t the sasd \lortsaEor ia not a co.insuror thereunder.lns~rancc .hal{ be wntten Ay a company or compan~ex ~pproved w des~gnated by ~he Mwt~a~ce and :1! pol~c~ec and reoerals tnereo! tiA~11 be he1J hy the Mortta6et. All dotailed desianat~ons Ay the Mon6a6or which are accepted by the Mott~a~ee and all asrcements between Mort~~~or ? and Mat~a`ce relaun6 to ~nsur~ncc, now ea~sun6 or hereafte~ made, shall be m rr?uns and shall be a part of th~s mw?~a~e a~reement as fully as thouah set (orth verbaum here~n and sAali ~ovem both pariies hercto and theu saccessors and ass~~ns. No I~en upon any ot ~ said polrcirs ot msu~ance or upon any refund or roWrn premtum +rh~ch may be pay~ele on the c~ncellauon ot termmauon theteof, +hall be 6~ven to other ~han the Matp~ee, except by proper endnrsement alhaed to cuch pol~cy and apptoved by Matp~ea Each pol~cy nt ~nsurance sh~11 havt aff~aed thercto a Standard New York S1or~gssct Cls~sr wrthout Contnhut~on, auk~n6 all loss ot lossc~ undcr ~uah M~~~~Y D~Y~hle ~u th~ Mort~a~ee ~tti in~erest may appear. In the even~ any sum or sums o( money beccxnt payabfe thereunder tA~lfort- ? K~6re ~h~ll Aavc ~he opt~on te nce~~. and apply the same on account of [Ae ~ndebtedness hereby u~ured, or to prrm~t the ~tmt~~R~~r !o rccc~ve and u~e or any part thereul, w~thout thereb~~ wa~v~ns a impaum6 any eQuNy, hen, or nsht unJer and by v~rtu. o! th~~ r.HKts~se. 1~ c~eM of los~ ~x phyc~cel damaEc to th~ mor~~aEed proptrt~ the \1ort~aEor shall E~re ~mmed~att nou.e thercof by T.~( t.. thr \IurtRaRcr ~nd the ~b~s~prRec mav mrkr pr~,rf ~~t I~... if rh; ~rmc nnt m~dc pr~~mp~lti' Dy fbr ~tott~~ad_ In evrnt n( turt~ln.ute ~t i % r~ c;:C~ ~.~tt~ i:;~~ ~',J~,S • : - r . . _ . _ _ . E-_ . , ~ .