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Home My WebLink About0851 PROVIDI:fI. ALWAYS, ehal if the \lurtgagot shatl pay unta the ~brtgagee the inJebtedncss eviJe~crd by a certa~n ptomi.sory note of wh~ch the follaM•~ng in words and figures is a trut copy tav?~1: ~ s 4, 750.00 Fort Y erce, ~a;d, Jul~ 28, ~~,73 FOR VAI.UE R p_ WE. iointl _~nd severally, ~o~,;K io iRVZNC ~ " ~'y < o.a« ot _ ~ t pnncipd sum of _~1IR THOllSAND SFVEN nanR _n FrF7~Y 8nd t~[~/ LARS, to6ethet with intercai t n trom date ~t the nte ot ten peceeet, per annurn uniil matu~ty, both principd ind intere~t beit~ pay~ble in lawtul money uf th~ United ~tate~ at 2244 Biiearne Blvd., Miami. Fiorida, or ~t wch othe~ place u the hdders het~eof may designate in wtitin`. Pnncipa) and interr~t payabie in ie~Wlmeeti d follow~: ONE HUNDRED ($100.00) DQLLARS per month beginning on the lSth day of October, 1973, and continuing on the lSth day of each and every month thereafter until paid in full. ~ This note may Se prep~~d ~n whole ot in part after one year from the date hereof upon payment of s penalty equivslent ~o f~ve percent of the pnncipal sum prepaid. E~ch in~tallment parment shall bc c~edited fint on the interest due, and the romainder on principal; and intrrr.t ~hall thrrr- upon ~ease upun the pnncipa~ so credited. Th~ makrrs and ~ndorsets ot thu note further a~ee to waive drmand, ooticc ot non•p~yrnent and protcst, and in thr event suit .liall br brouRht for the-coltection hereof, or the aame has to be collected upon dem~nd o[ an attorney, to pay reasonable attorney's frr. to~ makin~ wch collection. Defened payments heteunder sh~tl beu inteeeat at the rate of ten percent prr annum fmnt matority unti) ~aid. 7'hi. not~ is eecuerd by a riw~ae o! evee d~te henwith and ie to be construcd and enforced ~cco~d~ng to the laws oE the ~tate of flMida; upon def~ult in the payment of p?incipd aed(o~ intere~t ~rhen due, the whde eum of prin~ip~l and intere~t rrmaininR unpaid shdl, at the option o! the holden, become immediately due and payablt. s > 7 ' ~ - (SEAL) . J l • . ~,svi~2 LL,6 ~SJ c ~~Lt (SEAL) ~r~J ~hall pertotm, cumply with and abide by eaeh and every the stipulations, agreements, conditions and cove- nants uC said promissory nute and of this dced, then this deed and the estate thereby created shall cease and be ~ull and void. - l. Th~ Mortgagor hereby covenants and agrees: (a) To pay all and s~naular the pr~nc~pal and mtues~ and other sums ot money payable by rittut of sud ptom~ssoty note and th~s deed, or e~ther, promptly oo the days respect~vely the same severally becwnes due. (b) To permu, comm~t or suf(cr no raste aod to ma~mam the ~mprovements at sll ames in a state of ~ood repair and cond~uon, and to do or perm~t to be done to sa~d prem~ses noth~ns that W~11 alter or chan~e the use and charaete~ of said prope~~y w in any way impa~r or reaken the secw~ty of this mortasae_ And in case of the refusal, ne~lect or inability of ~he Mortsaaor to repsir ar.d ma~nta~n sud proper- ty. ~Ae Mortp~ee may, at Ais ophon, make such repa~~s or cause [he same to be made, and advsnce moneys in Ihat behatL (c) T~ pay all and c~n~ular the uxes, assessments, (ev~es, I~ab~l~ties, and oblipt~ons of every nature on ssid descriDed property each aod ev~ry when due and payable accwd~ns to laa, before ehcy become delinquent, snd to deliver to tl~e Mort`asee o~? or be(ore March lS~h ot uch year taa rece~p?s ev~dencin6 the payment o( all lawfully ~mposed ta:es tor the precedina eslendar year, to ~ndemmfy the Mortp~ee upon his demand for all Uaes, a.sescments and chu~es that may be assessed upon this mortsa~t on the ~ndebttdoess cured Aereby, and pa~d by thc m«teagee, +ithout resard to sny la~ heretofort enacted or hereatter co be enscted imposin~ ~ayment o: the Mhole or any ..art thereo( upon the ~4ort6a6ee_ , (dl To pay all and sinaular tAe costs, char6~s and expenses, includms laryers' fees and abstract costs reasonably ineurred nr pa~d at anY ume by the \for~6a6~e because u( the fa~lure on ~Ae par~ of the Mortsa~or to perfwm, comply w~th and abide by tach and tvery the st~pul~t~ons, ageements, conditions and corenaets ot sa~d promisaory note and th~s deed, or either, and every sucA~payment shall bear ~ntcrest tcom da~e at the rate of ecn f 10'41 per cenwm per annum. (cl It is f~rthu corenanted and a~eed br said p~rtie• t6at in the event o( • auit bein~ ieatitwed to farecloae this ewrt~a~e, Ihe ~tort. ~ p~ee sh~l! be eatitkd to ~pplr at anr tiae pendios sucA /oreclosve a~it to t6e court 6avinj jurisdictim thereot (or the appointmem " of ~ receivet of ~II and :~n~ular d~e ~tp~ed propertr. and ot ~Il teots. iacaaes. pr~u. isaaes aad reveanes thereof, trao ~hatsoerer ~ source derived; aod tbertapoa it is 6ereby esprea~lp coveoanted ~od ~~teed t6at the Caut s4a11 fathrith tOpoint sacA receiver ~iN ; tLe uswl pw~cre and duties of receivera in like c~sei: and a~id appoiatseat shall be ~de Ay t6e coun u~ matter of striet ri~At to the Mortsa~ee, and vithout re(ereace to the ~dequacr or in~dequacr of tAe ~alue d t6e property herebr ~ats~~ed, or to the aolvency ~ w insol~eatr of tl?e ?Iortp~ots or any ot6er p~t1y defeedant to soch suit. The 4lortq~or htrebr apecilic~l)r rairea Wt rijAt 10 object ; to tbt appointsent ot ~ receirer ~s afaes~id ~nd berebr eapresaly con~eau th~t sncb appoiatseat sh~ll be Mde ~s ~n ad~itted equ~ty and as a Mtter ef ~baolute ri~ht to tAe I~Aatp~ee and th~t tAe aa~e wr be doee wnthout notiee to the Mortqsor. i -(f) If toreclosure proceedio~ shouW be iaatituted ~~~inst t6e propertr eovered br this ~ort~a~e uyoa aer otAer liea o~ cl~iro .rhetber alle~ed to be superior or j~io~ to the liea of this sartp~e. the Alortsa~ee my at sis optim iaeedi~ielr upon ;nstitution ot such suii or dnripj thc pea4eaty t6ereo( declarc this ~tp~e aad tbe indebte8aeas setured 6ereby due and p~y~ble fanhrith ~nd msy ~t its option proceed to foreclose t6~s morti~~e. ~ (v Th~t the Mort~or ~ill teep all real ~nd person~l prooertr oor a here~fter eacusbered Ar tAe liee of tAis ~t~a~e insured aa may ! be requirod trae time to ti~e br tlic Abrtsa~te ajainst Iws by fire, windstotai and other hasards. c~swlties ~nd contin~encies tor such penods and tor aot less t6an such aeaun~s as wr be re~ired Ay the ~~ssee .na ~o o.r o~o•w~r +bee due all prem~wns for such ~nsurance. Tbe ueounta ot iaiuranoe requircd br tbt 14on{~{ee ~bNl Ae tbe a~iai~nm ~mounta fa rAich s~id iasuraace shall Ae rritten and it ahall se incw~beat ~o~n tbe llory~sor to ~aiataia sncd ~ddition~l in~urwce as oar be necessuy to weet u~d eaaply fully rith all co-insur~nce ~eQuireseats contsieed in s~id policies to t6e eod ehat the s~id A~Iott~a~a is aot a co-iasu~or thereander.lnsunnce sh~ll be rrittee by ~ coaip~er ot tospaaits soprored a~ desi~n~ted br the Nortsa~et at+d at: yolicies and rene+rals thereot sh~ll be Aeld br t6e Matjasee. All deuiled desi~aa~ions br the Mort~s~o~ rAicA ue acceptM br We Yortp~ce aad sll yreewenb betreen Mortp~a aed Llonq~ee rel~tm~ Io ia~uraace, no+ eaistin~ or Aereatcct a~de. i6~11 be in ~rritin~ ~nd shall be ~ p~rt of this ~at~a~e a~ree~eat u fnltr as tboush set forth verb~ti~ Acrein aad sdall ~orern botb pariies hereto and tbeit snccessws and usi~ns. No lien upoe any of s s~id policies of inauraace ar uooa ~er refuad or returu presiua ~r6ieA s~r be payable aa tAe c~acell~tion ur ter~ia~tion tAereot. sh~ll be ~iren to other than tpe Mor~a{ee, except by propcr endo~sement ~ffiaed to sucA poticy and approved br IAor~p~ee. Each policy of ina~r~net ~Aal1 Aare atfised tbereto ~ Standard Hew Yat lilortj~aee Cl~we witAont Coatributioa. sakin~ all loss or loases under such policr psYaAle to ~he hlort~aLee ~s its ~ntcrest w~r ~pPe~r. la the e~eet asr suw w suss ot ~oaer pecose ~r~ple tAereunder the ~1ort- ~~{te shal) b~ve 1he optian to receive and spp1Y ~he aue oa sccant of tbe ~naee~eaness e«<er:c~~~a. ot to permit the LM~~saEm ' lo ~ecei~e ~nd use it, or anr part t6ereot, fithout tAereby ~~irin~ or iepairin~ ~ny equitr. lica, or ri~ht under ~nd by virtue o( th~. ' h ( mort~a~e. In event o/ losa or pAysical damase to the sor~~~~eA propertr the 1?fortp~or sh~ll ~i~e ~arsedi~te notice thereot by ma~t t~~ ~he Martp~ee a;w! the Ma~~s~ee msy m~tc proof of loss ~t the s~me is not made pomptly by Iht alott~s~ar. In even~ ~f taecln.~re of ~ °~Fr 217 €~fi ~ i ~ ~ - - _ . . - - .t ~ _ _ ~ ~ ~ _ _ ~ -.s~,a.~~