HomeMy WebLinkAbout1492 . r v r
PROVIOEn, ALwAYS, that if the \1o~t~a~or shall pay unto the 1lo~t~a~ee the indebtednes~ eviJenc~d hy a
crtta~n ptan~~wty oute of wh~ch the follow~n~ in wo~ds and ti~u?cs ~s a ttut copy to-w~t~
s_1., 350 .00 F~~~e~~; Jul S 73
- da , ~q
F(1R vAL~~E RECEtvED WE , i o in t l y and severa l l y, ~m~„~ c,~ wY
to the ord~r ol NAT FRIEDMAN , TRUSTEE
~ the p~incipal sum o( ONE THOUSAND THREE H R' an riO~~p(,L.4RS, togethet with interea~
thereon t~om date at the nte o( ten perce~t, per annum until matu~ty, both principal ~nd interest beinR p~y~ble in (aw(ul moner uf
th~ Umted ~tates at 22~4 Biscarne Blvd., Mi~mi, Florida, or at such other ptace aa thc holders hercof m~y de~i~at~ in wntinR.
Principsl and ~nt~reRt payable in in~Wlmenta a~ tollow~: ,
THIRTY-FIVE ($35.00) DOLLARS per month beginning on the 15th
day of September, 1973, and continuing on the 15th day of each
and every month thereafter until paid in full.
Th~s notc may be prepa~d ~n whole or in patt aftet o~e yeat from fhe date hereof upon paymenl of a penalty equ~valent
t.. frvo perc~nt of :he pnncipal sum prep~id.
Fach in~tallm~nt pavme~t .hall be credited fin~t on the interest due, and the r~mainde~ on principal; and intrK.t •hall thrtr-
upon c~asr upun the principal so credited.
Th~ m~kers and ~edorsers ot this note further agtee to waive demand, notic~ of non•p~yment and protest, and in thr ~vent ~uit
.I~all br brouRht for the collection heteuf, ot tht same hu to be tollected upon demand o( ah attorney, to pay reaso~abl~ attorney'c
f~r. for making ruch collection.
Def~n~d p~yments hereunder ehdl bear int~reet at the rate oi ten percent per annum from m:turit~r until paid.
1~hia not~ ~a k~~na br a mortpgt of even da4 h~~ewith and is to be conatrued and enforced according to the laws of the
~~tate o( F1r?r~da; upon d'fault in thr payment of principd and/o~ intereet w6en due, the whole aum of Prin~ipd and intereat
I rrrruinin~ unpaid ehall, ~t the ophon of the holders, become emmediately due and p~yablt.
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~ ~ _ .__['-s~!'%~. 1~ (sEAL)
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~ ' i ~ ~ i V ~ Gi ~ ~
i i ~ (SEAL)
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ar~d ~hall perform, comply w~th and abide by each and every the stipulations, agteements. conditions and cove-
nants of ~a~d promissoty note and nf this deed, then this dced and the estate thereby created shall cease and be
null and ~oiJ.
1. The Mortgagor hercby cov~nants and agrees:
(a1 To paY a11 and ~in~ul~r tht a~~~~w~ and ~nterest and uther sums of money psYsble by v~rtue o! said prom~ssory note and th~s
deeJ, or e~thet, qanptly ori the diys tespecUVely lhe same sevenlly Decwnes due.
IDI Tu perm~~, commrt o~ su!(er no Waste ahd ~o mainta~n ~he ~mprovemeots at all hmes i~ a state o( sood repa~r and cond~uon, and to
do ~x permrt to !+e done ~o sa~d prem~ses noih~n< <h~i r~ll alter or chan~e tht use and ch~nttet of sa~d poperty or in any tiay impau or
reaken the secunty of th~s mo~t~a~e. And ~r+ case ot the refussl, neslect or ~nab~l~ty of the Mwtp6or to repa~r ar.d mamia~o said Droper-
ty, ~he ~fat=a~ee mav, at h~s opt~on, mske such repa~~s or cause the same to pe made, and advance nwneys in tAat behal[.
(c) To pay all and s~nsular the u~es. assessments, le.~es, liab~lu~es, and obli~auons ot every nawre oe ss~d desenbed property eacn
and every ~hen due snd payable accord~n~ ~o Ia~, befae they bec«ne delinquent, and to deliree ta the Mort~a~ee on or betorc March
iS~A of pcA ycar tax receipts er~dencma the payment ot all law(ully ~mposed taxes for the precedm6 calendat year, to mdcmn~ly thc
Mort~asee upon his Jemand ta all taxes, a.sesaments anJ charses that may be assessed upon th~s mortaa{e on tAe ~ndebtednecs
cured hereby, and pa~d by the mataa6ee, .~thout re6ard to any law Aeretofore cnacted a herea(ter io be enacted ~mposms aayment o:
! ~he yhole a any ~ar1 thereot upon the \1ort~a6ec. .
Id) To pay all and sio~ular the costs, char~es and expenses, me)udm~ I~~yers' tees and abstr~et costs reasonably incurred or ps~d a~
€ eey um~ by ~hc \1dl~ta(Cee becau~e of tht (a~lure on ~Ae par~ o( the Aiortp~or to perfotm, comply w~th and a~~de by eacA and rvery the
.t~pul~[~ons, asreementc, cond~Uonf and covenants of sa~d ptom~ssoty note and th~s deed, a eithtr, snd every such~payment shall bear
j ~ntrrest (rum date at the rs~e of tcn 11Q'L) per centum per annum.
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E (cl It ic tur~her covenanted and a~eed by sa~d parhes thal ~n the event of a suit be~ns insuwted to foteclose th~s mottRase, the !Nort-
4 6a~ee chall be mtiUed to •pply st sny ~~me pendm~ such torecloswe zu~t to the cuun havinr jur~sdrchon thereot for tAe appointmen~
of a rece~rer of all and sin6ular the mort~a~ed prope~ty, and ot sll rents, ~acomes. protits. iasues and rerenues tAereot, from M~hatsoever
.~wrce denved: and ~he~eupon ~t ~s hereby expaasly cove~anted and a~reed that the Caurt shaN lwthr~th ~ppoint such ~ece~vcr ~vith
{ thc uswl powcrs and dut~es of rece~v~rs in likt cases; •nd sa~d appointment sh~ll be msde by the court as a matter of stnc~ niht ~o
~hc M~xtp~ec, and vithout re(erence to tht adequacy or madeqwcy uf the value ot the ptoperty hereEy moct~a`ed, a to the aolvency
i .x msolv~ncy ot the Mort~a~ors or sny other par~y dc•endant to such suit. 7'ht Mort6a6or hereby speuhea!!y raires the naM to ob~ect
f to the appotntmtnt of a reee~rer s~ atwesa~d and hereby eapressly consents that such appmntreem sha11 bt made ss an admrtted equuy
and as a matter ol absolute n~ht to the Mat`a~u snd that the same may be done wuhout notice to the Mortsa~or.
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If 1!f t«eclosure proceed~n~s should ~e ~nstituted ~~ainst ~he property corered by this mottpse upon any other i~en or cla~m rhether
+llesed to be supenor or ~unior to the hen of this mortsa~e, the Mo?tiajee maY st h~s opuon immedutely upon ms[ituuon nf .uch cu~t
c~ durin~ thr pendency thereof declare tR~s mortsa~e and the ~ndebtedn~ss secured hereby due and psyable torthrr~~h and may a~ ;
upt~on proceed to fotecloae this motli~E~•
1~1 Th~t ~he Alortp~a will teep all real ~nd personal property nor a hereafcer encumbered by the I~en ot th~s matga~e ~n~ured as m~y
bc required fram ttme to time by the lNor~saite asamst loss by tue, ~~nd~~am and othtr hazards, caswlt~es and c~uneenues (ur wch
per~ods and ior aot less U?an such amounls as may be reQuued by the Mort~a~ee and to D~Y D~~D~~Y when due all prem~ums tex such
F ~nsurance. The ~mounts of ~niur~nce requ~red by t6e Mort~asee shall be the m~nimum aenoun~s (o? ~vh~cb ssid ~nsueance yhall bc vrntten
and it shall be ~ncumbent upon Ux Mort{asor to ma~atsin such addihmal msutance as may ~e necessary to meet and comply (ully ~~~h
all co-~nsurance requuemems contamed m sa~d polsc~es to the end that the said M«tt~Eor ~s not a co-mwror thereunder.tnsurancc
~ chall Ae rnttee by a coapany or compa~~es approved or des~tnsted by the Mortssset and all pol~c~es and rene~rals ~nereof shall t?e he1J
- by the Matpjee. All detailed des~~nat~ons by tAe Mon~a~or vrh~ch sre accepted by the Mott~a~ce and sll ajreemcnts petween Mort~~~or
and Mor4a~ee relat~ns to ~nsur~nce, nor ea~stin~ or Aereafter made. shall be in w~tum~ and ehall be a part of ~A~s mortp~t a~reemen~
as (ully as tAou~h set fortA re~b~trm herein and sAs!! sovern both part~es hereto and their successors and ass~~ns. No tien upon sny o(
said pol~c~es o( insursnce or upon any re(und or roturn prem~um rh~ch aaay be p~ysble on the canetllat~on or ter~~nat~on thereof, shsll
be ~~vcn ~o oiher ~han the Alort~~~ee, eacept by proper endorsement afffxed to such pol~cy and spproved Dy Mats~see. Eseh pol~cy of
j msunnct sAall hare af6atd Ihetelo s St~ndud New York Morl~a~et Clause w~thout Contnbuuon, msk~n` all loss a losscs under .uch
pol~cy payable ~o ~he Mort~a~ee as its in~erest may sppear. (n the e~ent any sum or sums of moner Decomt psYable ~hertundcr tAe tfort-
; Rasee shall have tAe opt~on to rece~rc and applY the saa~e on account o( the indebtedness Aereby secured, or to permit the 11ortEaR~~r
to rece~re and use n, w any part tAcreo(, w~thout thereby +a~rm~ a impunn~ any eQuity, lien, or n~At under and Ay v~nuc of tAi.
~ mort~a~t. In erent o( loss or pAysical dama6c to the mon~aRed properry the Nrxtp6or shall ~t~ve ~mmedute nouce therc.~f by rr~~! t.~
~hr llixl`aRer ~n~i thc AMrtRaEte mav make ~+n~~~f of ~S rhe .amc i. not made promptlv by the \1at~a~or. In e~em o( tiKt~lo~urt o(
~:~~=?~.6 P;c:
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