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Home My WebLink About1011 ~ PROVIDED, ALWAYS, that if the Morlgagor shall pay unto the Mortgagee the irtdebted~ess evidenced by a certain promissory noce of which the following in words and figures is a true copy tawit: ~ ~aHN~4~C i~(Ole : s_ 2.850L00 ~orr Pierce, F~a;d, Se~tember 29, 73 ~ y ~j promise to par ~ t~, th~ ord~r o( ~OQL L~~N~- - - - - --L - - .~T~~S-~WIF~F. th~ pnncipd ~um ot S.~Q THOUSANp EIGHT HiJN~RFD rIFTY and R Qfl)l.LAR.S; tog~ther with interr~t ~h~reon (rom date ~t the ~~te of ten peKeet, pe~ annum untii matunty, botfi principal and interest bein~ payable in lawful money u( thr 11~~ted ~tates at 22~t4 Biaeayne Blvd., A1umi, Florida, ut at auch othe~ pl~ce ae the holders hereo( may det:ignat~ in writi~R. ~ Pnncip~l and iMeKSt pay~ble in inaWlments a~ [ollow~: • SEVENTY ($70.00) DOLLARS per month beginniR; on the lSth day of Dece~nber, 1973, and contin«ing oii the 1Sth ~~y of each and every month thereafter until paid in full. ~ ! ~t ~ ~ Th~s note may be prepaid ~n whole ot in patt after one ye~t ftom the date heteof upon payment of a penalty equwalent ~ f~ve percem of the pnncip~l sum prepa~d. g ! F:.ch in-tallm~~1 payment >hall be credit~d (int on the interest due, and the r~mainder on principal; and intrrr•t •hal) thrrr- a upon c~ase upun the pnntipal so c~edited. ; Th~ mak~rs and ~ndoreers of this note (urther agree to waive demand, notic~ of non•paymeet and protest, and in thr ~vent suit ~.t~~ll b~ bruuRht for the collection he~eof, or the eame has to be collect~d upon demand o( an attorney, to pay retwnabl~ attorney~~c lrr. for mak~ng +uch coll~ction. ~ Def~rred psymenta hereund~r ~hall bear interest at the rate of ten perc~nt p~r annum (rom maturity unti) paid. ; 7 hi. not~ it? ~ecurrd by a mort~ge of even date h~rewith and is t~ be eon~trued and enforced according to the laws o[ the + ~tat~ of Fl~rida; upon d~fault in the payment ot principal ~nd~ot intcreet when due, the whole eum of prin~ipa) and intereet ; rrmaining unpaid shall, at the option of tht holdees, become immtdi~tely due and payable. ' ; , ' ~ -7~ .C t ~ t- ~ - - l~ "~(f.' : r`-~ (SEAL) (SEAL) 6 ~ti and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and of this deed. then this deed and the estete thereby created shall cease and be null and void. 1. The Mortgagor hereby covenants and agr~es: lal To p~y aU and singtt4r the prinapal and interest and other sums of money payable by virtue of said promisaory oote and thi~ deed, or either. prompdy on t6e daya respectivdy the same xvenUy beoomes due. ` I b1 To peraut, commit or suHer no wraate and W maintein the improvemenq at ell time~ io a state oi good repair and condition, and W do or permit w be done to esid premixa nothing that xill alter or change the use and character of said propercy or in any w~sy impair or weaken tM security of this ~ moRgege. And in caae of the refusal, neglect or inability of the Afortgegor to repair and maintain eaid propert~ .[he ~iortgagee may, at his option, make ~ such repairs or uux the same to be made. and advence moneys in that behall. - 's E Ic1 To psy all and aingular the tazes, assessmenta, levies, liabilities, and obiigstions of every nature on said dexribed property each and every R•hen due i and psyable sccording to lew. before they become delinqueut. and to deliver W the Mortgagee on or before ~terch ISth of esch ~ear taz reoeipts ` evidencing the payment of a114wrful}y impoaed tazes for the preceding calendsr yesr: to idemnify che Mortgagee upoa his demsnd for all tuee, as~ess~ meats and c6uges tGat may be asaea~ed upon this mortgage on the iodebtedness exuted 6veby. a+?d paid by the morgage~e. ~vithout regard to ~ny law f herewfore enacted or hereafter to be enacted imposng pey~ent of t4e whole or any part tkereof upoa the Mortgagee. ~ ~ Idl To pay all and sing~ilar the costs. charges and e:peneee. incloding lawyera' tees ~nd ~bstrut ooats reesoaably incvrred or paid at any time by tbe ~ Nortgagee becaux of the teilure an the part of the Mortpgor W perform, mmply with and sbide by esch and e~~ery tbe atipuletioat, agreemmts. ~ conditioas and rnvenant~ ot naid promis~ory note and thi~ deed, or eiLher, and every auch paya~et?t ~hall bear intere~t trom date at the nte of ten I 10'~F 1 ~ per centum per annum. Ie) It is further covecanted and agreed by aaid partiea that in the evrst of e suit being instiwted w forecbse this mortgage, the Nortgigee aha11 be entit{ed to apply at any tia~e pending such foredosure suit to the eourt having juriediction thereof for tAe appointment of a recei~rer of all and siagulsr t6e ~ ~BeB~ P*~rtY. snd ot aIl renW. inoomes. Pr~ts. issues and revenue~ t6ereof. from ~vhataoever souroe derived: aad thereupon it is h~eby e~cpres~ly covenanted and agreed that the Court shall forthw~ith appoint such reoeiva wit6 the ~uwl powero and dutiea of reoeivere in like casee: u~d ~aid appoint- ~ ment shsll be cmde by tde court es ~ mauer of strict right to the Mortgagee. and without refvenoe to the adequacy or insdequacy o[ thc value of the pro- ~ perty haeby mortgaged. or to the ~olveacy or inaolveacy of the Ntortg~gura or any other putp defendant to sueh suit. 'fGe ~tortgagor hereby specif- - ~ inlly ~vsive~ the right to object to the appointma~t of a reoaver u afore~id and herebY ezproa~lY oonsents t6at wch appointment ~ll be m~de aa ~n admiued equity end as a metter of absolute right to the Mortgagee and that the s~me m~y be done without notice to the ~lortgsgor. ~f1 lf foreclosure proceedings should be in~tituted sgain~t the property coveied by thu mortgsge upon any ot6e lien or claim whether alkged W 6e t E> superior or junior to the lien of this moKgsge, the Mortgagee may st his option immediately upon inetitution ot such suit or during tLe pendaicy thereot ~ declare this mortgage and the iadebtedness aecured he~eby doe and psyable forthwrith ~nd may at its optian proceed w toreclo~e thie moctg~g~e = I g l That tl~e Mortgagor will keep all real and peroonel propercy aow or hereafter encumbered by tAe lien of thi~ mortgage inwred es msy be required fr~ time w time by the btortgagee against bas by fire. windsiorm and other Fusards. ca~ualtie~ and oontingencia for euch period~ and for not lea~ than auch emounts as may be required by the Mortgagee and to pay promptly w~m due all prsmiuau for wc6 ineunnce. 7be amounta of inaurance ~equiied ;3 by the Morgagee slall be the minimum amounts (w w hith ~aid i~rourance s1a11 be written ~nd it elull be incumba?t upon t6e Wortgagor to maint~in such additional ia~urence e~ may be necesssry w enet and comply fiilly with all ooimurance requirena~ts oontained in eaid policies to the end t}ut the ~tid Mortgagor is aot a oo-insuror thereunder. Insurance ehall be written by ~ oompany or oomp~nies approved ar de~ignated bythe Mortgagee ~nd al! pdi. ; j cies and renevcals thereof shall be held by the Aiortgsgee. All detailed designations by t6e Mortgagor whicb are accepted by the Mortgagee ~ad aU ager - mencs between bfortgagor and Alortgagee relating to insurance. now e:iating or here~fcer m~de. shall be in writine snd sFu11 be a p~rt oE this ~nortgage agreement es tully as thoug6 set forth verbetim herein and siull govun botl? parties hereto and thdr auooes~on and aasigna. No lia~ upon ~ny of aaid poGcies of insurance or upon any refund or return pr~nium which m~y be p~yabk on the carrceDation or tera~iaation thereof. ~hall be ~ven to otlkr thsn . - the ~tortgngee. ezcept by proper endorsement affi:ed W such poticy and approved by Mortg~gee. ~ac6 policy of insurance shall 6ave at5sed thrreto a _ Standud \ew York Mortgagre Awse without Contributioa. making sll loe~ or laeses unda such policy psYabk to the Mortgagee ~s its i~est m~y ~P pear. In the e~•ent any sum or sums of money become payable theraunder the Mortgagx slull have the option to receive and apply the ~ame on ~coount - - of the indebtedness hereby secured. or to permit the Mortgagor to receivt and use it. or aay prt tlkreof. writhout tha~eby w~lving or impairiog any equi- ti, lien, or right under and by .~rtue o[ this matgage. In eveM ot loss or phyeical damage to the mortg~ged propsKy tbe Mortgagor shall giw imms~ate :~'i k3^- "y-.~-.-'i ~ P~ ~ . 8ooK219 ~~~E1011 ~ . . _ . . ~ ~ ~ ~ ~ ~ - - ~ ~ t - ~ , ° ~ ~ ~ ~ ,.z_ . _ , ~ ~ ~,.,~-rt~ ~ v~ . ~ ~