The URL can be used to link to this page

Home My WebLink About0874 PROYID~D. ALWAYS, that if the Mortgagor shall pay unlo the Mortgagee the indebtedness evidenced by a certai~ promissory note of which the following in words and figures is a true copy tawit: M ~ , s 1,575.00 ~~P~ ce, F~a;~ August 25, 73 FOR~~ 1~~E~IV~D WE~ ~ointly and severally, ~m;,~ io p,y ~c~~T~71~C1 f ~~s~n~n~ s~~er~c~.se c~:_-... _ io ine wdera ~:;~~.u~a: ~ ~ i~va• ii ;~iiiii~i~~i,s ii~lJjl th~ priocipal sum ot _ ONE THOUSAND FIVE NiJNDRED SEVENTY-FIVE an , ~ogethet with interrsl ~he~eon Irom date ~t ihe rate oI ten percent, pe~ a~num until m~turity, both priocipd and intcre~t 5ein6 payable in lawful moner uf the United ~tate~ •t 2244 Bisearne Blvd_, Miami. Florida. or at wch other place u the holden hereot m~y designate in w~tinR. Principal and intereat pay~ble i~ ieaWlmen4 ~ followt: FORTY ($40.00) DOLLARS per month beginning on the 15th day of October, 1973, and continu~ing on the 15th day of each and every month thereafter until paid in full. This note may be prepaid ~n whole or in patt after one year from the date heteof upon payment of a penalty equivalent eo five percent of the prmcipal sum prepaid. Each in•tallment parment shall be credited first on the intercst due, and the remainder on principal; and iotrrr.t .hall thrrr- - i upon cease upun the pnncipa~ so cre~ited. The makers and rndonen of thit note (urther aa?ee to waive demand, notice o! non•p~yment and proteet, and in thr event euit ~I~ 11 be brought tor the collcction hereof, or the aame has to be collccted upon demand of an attomer, to pay rei~ona6le attorney's~ f~ . for making eueh cdleetion. D~f~rerd psqments hereundcr shall bear intercst at the rate of ten perernt per annum (rom maturity until paid. 1~hi+ note a eecured bp s nwrtpae of even date herewith and ia to be conatrued and enfotced according to the laws of the ~tate ot F'I~xida; upon deiwlt in the payment o( principa! ~nd(a~ inte~cet when due, the whole eum of prio~ipal and intereet rrmainin unPaid shall, at the option of ~he holde~sL become immediately_ due and p~Yablt_ - 1- __-1__ o-r-s~ -z-~ ~I~..~u ~ ~ 7 ~ 1 1/ ~ ' - . " ' (SEAL) and shall perform, comply with end abide by each and every the stipulations, agreements, conditions and covenants of seid promissory note and of this deed. then this deed and the estate thereby created shall cease and be nuU aad void. 1. The Mortgagor hereby covenants and agrees: lal To pay all sad sin~ilar the pnncipal and interest and other suau of money payaWe Dy ~irtue of said promissory note ~nd this deed, or either. prompdy on the daya respectivdy the same x~•enlly becomn due. 1 bl To permit, commit or suffer no waste ~nd to maintain the impro~~ements et all times in a atate of good repair and rnndition, and to do or permit W be done to ssid pnmixs outhi~g that wrill aker or c6ange the use and clyracter of eaid propeny or in any .ray impa'u or w~eakm the necurity of tbis i mortg~ge. Aod in ux of the refusal, negiect or inability ot tAe Mortgsgor to repair and meint~in s~id property, t!?e \fortgagee msy, at his option, make I such rep~irs or uuse the sune to be mede, and ad~•ance moneys in that be}alf. i ~ Icl To p~y all end singular the ta:es, assessmrnts, levies, liabilities, and obligation9 of ea•ery nature on seid dexribed property each and every when due ~ and psyable accwding to ler. before thev become delinquent, and to deliver to the Mortgagee on or 6efore \larch ISth of each year tu receipts ~ e~~idencing the p~yment ot all lawfully impo~ed ta~ tot the preceding calendar ye~r: to idemnify the riortgagee upon his demsnd tor tll tazes. asaesr t ments and chvgea that may be aaxseed upon this mortg~ge on tM i~debt~edness secured hereby. ud peid by the morgagee. without regard to any Lw ~ h~etofore eaacted or liereatter to be enacted imposng p~yment of the w6ok or aay pa.-t tt~ereof u~on the Mortgagee. € fdI To p~y all and singul~r the coet+. cAarges and e:penxs. induding lawyers' fee~ and abstract rnsts reaaonably incvrred or peid at aay time by the ~ Jlortgagee beca~e of the failure ~ the put of the MoR~gor to perform, oomply ~vith and abide by eech and every the stipulation~, agreements. ' conditioas and cm-enants ot eaid promisaory ~wte and this deed. or either. and e~~ery such payment shall bear intere~t from date at the rate of tm I 10°F 1 per centum per annum. Ie1 It is turtixi oo~~emnted aad agreed by ssid parties that in the e~•ent of e suit being instituted w forecbse this mortgaQe, the Mortgagee shaU be ~ entitled w apply at any time pending surh toreclosure suit w the oourt Aaving jurisdiction thereof for the ~ppoint+n~t of a receiver of aU and singulsr the ~ mortgaged propertY. and of all r~t~. i~oomes. Profits. iseuea and reva?ues tlwreof. from ahateoever aource deriv~d: aad thaeupon it i~ berebY e:pressly caveosneed and ~greed chat the Court shaU [orthwith appoint such reoeiver xit6 the uaual powas and dutie~ of reoeivers ia like ca~a: and aaid appoinc- ment ~11 be~de by t6e couR as a mauer ot strid rigAt w tAe Mortgagee, and without refprence w the adeqa~cy or inadequscy of the value of the pro- ~ perty hereby matgsged. or to the aolveacy or inaolvency of the Mortgagoro or any other party defmdant to wc6 auit_ The Mortgag~?r hsreby apecif- ~ icaU~ ~e~ives the rigdt to object to the appointma~t of a reoeiver as etoreasid and hereby ezpreesly oonsenta that such appoiatmeot shall be made a~ ~n ~ admrtted equity and as s matter of sbeolute right w the Mortgagee and that the ssme msy be done without notice w the Mortgagor. ~ ~ It [oreclowre proceedings shwld be instiwted sgainst the property cm~e~ed by this mortgage upon anv other liea or cLim whether alleged to be ~ eupenor ar juaior w the lien d this mortgage. the 1lortgsgee may at his option imrtxdietely upon in~titution of auch suit or during t6e pendeacy thereof declue this mortgage and the indebtednma xcured hereby due and payable torthwrith and may ~t its option prooeed W fo~ectose this mort.gage. i g 1 That the ~iortgagor w~ill keep aU real and personsl prvperty now or hereaher enambered by the lieo ot this mortg~ge inwred e~ msy be required fran time w time by the Mortgagee again~t b~s by firr. ~vindatorm and other hszards. wualties and oontingezries for such perioda ~nd for nut les~ than w wch amount~ as may 6e required by lhe Mortgagee and to psy promptly when due all premiums tor sueh iasurence. The amounts of insuranoe required by the Norga~ee skull be the minimum amounts tor wUieh said i~urance ahall be w~ritten and it shaU be incumbent upon t6e Mortgagor W m~int~in sut6 ~dditional ins~ance ae may be neceawy w rtieet and oomply fully +?ith dl arinswance requiranente oontained in said poliaea to the ead th~t the s~id Mortgagor is mf. a eo-insuror cAereunder. Insurance ~Full be writta~ by s rnmpany or aamputies ~pproved or deeign~ted by tho Mortga~ee and all pdi- ~ cies a~d renewals theeof shsU be held by the Mortgagee. All detailed de~ignations by the Mortgagor which ~re accepted by the Mortgagee and dl agre~ ments between Mortgagor and Nort~gee relating to it?suraace. no~v ezisting or her~her made. ~Aall be in writing and alull be a p~rt ot thie mortg~ge agreement as fully a~ ttwug6 xt torth verbatim herein and eAall govern both psrtiea hereto snd their wooeasoro aod a~~a No liea upoo any of xid <y policies o( insuranee or upoo any refund or return premium which msy be p~yable on the cance?etion or termination thereof, a6all be givea to othv tfun ~z the ~fortgaRee, e:cept b~ proper endorsement alfi:ed to auch policy and ~pproved by Mortgagee. Each policy of insurance ahall Fuve a(6zed thereto • ~F= Stand~rd rew York Mortgagee Claux writhout Contribution. rsuk~ng sU loa~ or loasee under such policy p~Y~bk to the Mortga~ee as ita i~erest rtuy a~ ~ pe~r. In the event ~ny sum or sums of money beoome payabk thereunder the ~lortg~gee shall have tAe optioa w receive ~nd apply the same oo acoount ~ of the indei?tedness hereby ~ecvred. or to permit the Mortgagor to roceive ~nd .ue it. or ~oy qrt t}kreof. w~ithout tl~eieby waiving or i~np~iring any pui- ;~x ti, iien, or right under aod by ~irtue of this mortgage. ln event of bas or physical dsmage co the mortgaged proputy the Mortgagot slull give immsdiate . ~ . ~ ~ OR Q 4: ~p' " a00K 21p PACE ~ - ~ ~ ~ ~ ~ _ +f _ r . ~ ~ ~ ^ "~~°+~`"-s'~~ ~ _.~a- m. , ,aa__~.., d.~.~~ ~