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Home My WebLink About2877 ~ . ~ ' t ~ ~ PROVIO~n, ALWAYS. that if the Motts~~ot shsll psy unto the Mort~a~ee the ~ndebtedness evidenced by a i cetta~e ptomissory note of which the followins in word• and fi~ures is a true copy taw•it: ~ : 1,425.00 ~~i~ e~a;d, August 9, ~~_73 , FoR RUTH R~~HMA I P•y eo the otder ot the pnnciP.i s~m ot ONE THOUS D F H . , togethe~ with intcrest ` thereon Irom date at the ate o( tee percent, per annum unti) matu~ty. both principal ~nd interat bcin~ payable in lawful moeey ut ~ the Ueited States ~t 2244 Biscayne Blvd., Miami, Florida, or at weh othet pt~ce u the holders heoeof m~y design~t~ in writina. Principal ~nd interest p~y~ble ie in~Wlmenb r ieilow~: ' THIRTY ($3U.00) DOLLARS per month, beginning on the 15th day of October, 1973, and continuing on the 15th day of each and every i month thereafter until paid in full. ~ _ , r This note may be p~epaid in whole or in patt a[ter one yeu ftom the date heceof upon payment of a penalty equivalent ' :~o five percent of the princip~l sum prepaid. : g Each in:taltment payr„ent shati be credited frat on the interrst duc, and the rrmainder on principal: and intrrr.t •hall thrrr- ; `upon ~ease upwe the priacipu w cndited. i j The m~kers and ~ndorsen o( this note (urthe~ a~ree to v+aire demand~ notice o( non-p~yment and p~otest, and ia lhr event auit ' ~?all be brou~ht for the collection heroof, or the ume h~s to be coltccted upon demand of an ~ttomey, to pay nasonablc attorney'R ~ fer. [or makina weA eolleetion. Deferred parments heteundc~ ahdl bear iete?est at the rate ot ten petcent pe~ annum from m~tutity until paid. 7'hia note i~ ~eeured by a nan~~e oi even date hetewith and ie to be conttrued at?d en[oreed aecocding to the laws of the ~t~te of Fl~idr upon deEwlt in thepa yment oi principd and/oe interut when due~ the whde eum of prin~ipal and intcrest ~ rrmainin` unpaid ~ha1l, a! the option of the holden, bccome immediately due and payaWe. ' . ~ ~ (SEAL) (SEAL) E and shall pecform, comply w~th and abide by each and every the stipulations, agreements. conditions and cove- nants u[ satd promissory note and of this deed. then ihis deed and the estate thereDy created shall c~ase and be null and void. f 1. The Mort~agor hereby cuvenants and atrees: (a) To pay all and s~n~ulu the pnnup~l and interest and other suea ot monty paysble by virtuo o( sa~d prom~ssoty note and this decd, or ei~ber, pomp~ly on Ihc dsys respec~iveiy the same severally becames dut. - (b) To pcrm~t, caomit a suftet no ~raste and to ma~nt~~o the improre~eab ~t all unes in a ~ute ot ~ood repair and cond~tion. and to do a penait to bc do~e to ~~id prasises eothm~ that rrilt alter or cA~a~e ~6e we and cAu~ctet of said property or in any ray iapair a ~re~ken thc secunty of th~s mort~a~e. 1nd in case of the refussl, eeslect or in~bility ot the 1Aott~a{or to repair and m~int~in a~id propcr- ty, tAe Mortp~ee may, st his opuon, mste such repairs or cause tht aame to be s~dt, and adrance moaeys in that beA~lf. lc) To pay all s~ a~n~ulu che axes, assessmems, le•~es, liabil~tiea, aad obliNtions o( every nKUre on said desctibed ptoperty e~ch and everr ,rhen due and p~y~ble sec«dins to I~w, before thcy becaee del~equent, aad to deliver to tAe Mortj~see on or before March IStA ot each rcir t~a receipts ev~deocia~ the p~yment ot •11 I~rfully ~ooo~ed u:ea tor.the precedin~ c~leeidu re~r; to indemai(y the ! Mort~a~ee upon Ais dem~nd (or alI uces, ~sse~a~aents ~nd ch~r~es tha~ may -s assesscd upon tbis mortaa~e oa We iadebtedness s•- ' cured he~eby, and paid by thc mat~aaee. ~i~hout re~ard to aay !a. heretofae enacted a Aere~(ter to be eoacted imposin~ ryment oi ~he rAole a any .art thereof upae the Mon~s~ce. ~ (d) To p~y all and s~nsulu ~he co:ts, charies arW eapenses. includ~n~ I~ryers' fees and ab~tr~et costs reasonably iecurced or p~id at ; any ti~ee by tAe Mor~~a~ee bcc~use of the t~ilure on the p~rt o[ the Mort~~~or to perform, canply ~r~rh and aAide by each and every ~he ae~pulat~ons. aptesents, conditions and coren~nb ot s~id ptomissay note' uid this deed, or euher, and eYety sucA~p~yiaent shall be~r ~atcre~t (row date ~t the rste o! ten (10'~.) per centum per aanum. k (e) It i~ t~rtha eo~taanteA and ~~teed br s~id patt~es tAat in the event ot a suit been~ in~tituted to (aeclose 1Mis aat~~~e. ~he Mat- s NKe i6a11 6e entitlcd to aPply ~t any [ime peedia~ s~ech foteNosure tuit to the court barinj jurisdietion thereof fa We ~Ppoin~ment ` ot ~ recei~cr d~11 and sin~~lar ~hc wat~~{cd prooerty, ~nd ot ~11 rcats. incomes. p~o(its. iuuu ~ed revenues thsrcot. traa ~husoercr E swrce detired; and tbercupon it is hereby espresslr covea~ated ~nd a~reeQ th~t We Cwrt sh~ll fotthrriW ~opoint sucb receiver rritA , ± ~ tAc wwl po~rers ~nd dn~ies of receirera in like os~ea; ~sd i~id a~oiatecnt shall be m~de Ey tbe cowt as ~ m~tter of striot ri~At to i ~ ~he Mat~~~ee, and rri~hout reference to the ~de ptoperty hetebr n~atp~ed. or to the solrencr ~ qu~cy or ie~dequ~cr o( Me r~lue ot tbe or insolr~ptY ~ tht ~Iortp~ots o~ ~ny oeher parir defendaat to sucA ~ui~. The Matsa~or hertbr soeclfieally ~raires Wt ~~~A~ io ob~eet E to We aroointsee~ of ~ receirer as ~toresaid ~nd he~eby eipre~ilr eaascnu t6at sneA sppoinuaent sh~ll bc sade as an ads~iued equ~ty ~ ~nd ~ atter of absolutt ri~t to the Ulatp~te and tA~t tbe ~~e~e nur be do:~t vithout notice to the Mott~~~or. (f) (aecloswe proceediap should be iesututsd a~~iast tAe propertr corered by th~s n~o~t~~~e upon anr other lien or cl~~m vrhether ~Ue~ed to be supenor a jusia to the liea of Wis mortp~e, the Mott~~~ee raay at his optioa im~ed~acely upon ~nstituuan ot sucA su1~ ar durina the pendeecr tbereof declue tAis mort~~~e ~nd tAe indebtedness secured hereby due snd p~y~Ale tath~nth and may ati~s op~iae ~oteed to toteclo~e tAis mott~~~e. (t) TA~t tAe A/ortpaor ril! keep all re~l aed persoe~sl propery no~ on c~reafter encuiebered by tAe i~en of this aart~~~e insured ~s m~y Ae requited ltow tiise to ii~e Sy ~he ~lortaaset aasinat losi br tirt, r~ndstam ~nd otAer hasards, caswlue~ and conl~n~enc~es for such ~ oer~od~ ~nd tor eot les~ tb~a surh sswum• ~uy bs r~auired br tAe Abrtq~ee and to Pay paa~p~ly .rMen due ~11 premiwns tor ausA ; ~naw~nce, The ~wounts d~na~u~ace requirtd br tAe Mory~see aA~ll be tLe s~a~mwa ~ewunts for w6~ch sud ~nsur~nce shsll be rnttee ~ aed it shall be uuua~AeAt upon tbe Abry~sor to awint~ia such ~dditioa~l iasw~nce as aur be aecess~ry to meet ~nd caeply tully rr~th ~11 co-iniur~ncs require~ents coat~ined in aaid oolicie• to tAs esd tlt~t the said Mort{~{or is not ~ co-insuror thereYnder.ln~ur~nce s6~11 be vnttta by ~ co~nr or cowP~oies aPptoved or dtsi~n~ted br tht Mwtsa~te •~d a!1 polu~es and tent~als thereo( sh~ll be Aeld ` by tho Alo~t~a{te. All detailed des~~utiona by the Mort~~~or vrAi¢6 are ~ccepted br the Mott~~tce ~nd sll weee~ents bct~reen Mort{~~or } aed ~tort~~~ee relatin~ to in~~~nca. no~r existin~ o~ Aere~(ter ~~de. sh~ll be in +Kitia~ ~nd sh~ll 6e ~ p~rt of thi~ iuor~~s~e ~~reaeent ; f~liy aa tAou~A sec (ath ~erb~t~a he?tin a+W ahall ~orern botb p~rties hereto ~nd iAeir succcssors ~nA assi~ns. No I~en upon ~nr ot a~ld polieics of msur~nce or upon ~nr re(und o?retutn orem~we ~hich A~r be P~r~blt on the o~acsll~~ion ot termin~l~on tAereof, sh~ll - be ~~ven ~u ~ther th~n ~he I~Io~t~~~ee, eaceot br Otoqe~ endatieeent ~(tiaeA to srcA poliey ~ed ~POro~ed by Mortp~ec. Each pol~cy ef ~ ~n~wance aball Aave afflae0 ~hereto ~ St~ndud Ne~ Y«k Maip~ea Clause r~tbwt Coeuibuuon, ~~kin~ ~11 losa or losses under such f policY o~y~ele to the Na~p~te s~ us ~o~ereil issy ~~~r. ls the t~sAl aor sw~ or suss of nqney becoa~e p~yabtt tAtreundtt tAt ~1ort. . ~a~ee shafl h~ve the op~ion ~o rece~~ ~nd •Ppty the s~~t on aeeant o/ the ~ndebtedness heapy setured, or ~o permn ~he tilortsi+nr £ ~o recei~t •ed we ~t, a any yart theteof, w/~thout tAttsbr ~r~ivin~ a ispur~na •ny equity, lite, ot n~At under and by rirtut of ~h~? ~ aiat~e. In eren~ of lo~s a physicd d~au~e to the mat{~~eE property We Mat~~~or sh~l) ~ive imnedute nouce thcreof by mul t~~ tAe ~/ort~~~ee and ~Ae A~lort~~~ee m~y m~te proof ol lo~s ~f ths aarne is no~ n?ade promplly b~ the Mataa~a, !n erem nf fure.ln.ure nt f ~ 8001~ PAGF~O~S