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Home My WebLink About0569 PROVIDF.D, AI.~'1~'AYS, that, if the Mortgagor shall pay unto the ;~tortgagee the indebtedness evidenced by a certain promissory note of which the foltowing in words a~d figures is a true copy to-wit: . 2 125.00 F/a~r~er~c~e, F~«;d, O~tober 18, 73_ s , _ ~ FOR JV,A(ti(JE~t~~~ promi~e tu psy to the order of Vtllv n~uv the pnncip~) aum of T~'~J T OUSAND ONE HUNDRED TWENTY- FIVE and ..4R. , together with inlerr~:t thereon from date ~t the t~te o( teo percent, pet annum until maturity, both prineipal a~d interest beinR p~yable in Iswful money uf th~ Unitcd ~tates at 2244 Biacayne Blvd., Mi~mi. Florida, or ~t wch olher pi~ce ar the holdeta heao! may des~6n~t~ in writinR. Pnncipal and interr~t pay~ble in imullmenu a follow~: FIFTY-FIVE ($55.00) DOLLARS per month beginning on the 15th day of December, 1973, and continuing on the 15th day of each and every month thereafter until paid in full. This note may be prep~id in whole or in p~rt a[tet one yeac (rom the date hereof upoe payment of a penalty eQuivalent eo f~ve percent of the prmcipal sum prep~~d. Each in~talimenl payment shall be crcd~ted first on the intercet due, and the Kmaindc~ on principal: a~d intrn hatl thrrr- upon cease upun the pnncipal so credited• ~ The mikrrs snd ~ndoners of thi~ note (urther a~ret to w~ive demand, notice o! ~on-payment and pmte~t, and in thr ~vent xuit ~lull be brougfit (or lhe collection t~ereuf, or the same has to be eoltected upon demand ot an attorney, to pay tea.wnablc ~ttorney'~ f~r. (or making euch collection. Deferr~d Paymenu henunder shdl bear interest at the rate of ten perce~t p~r annum Iwm msturity until paid. 7'his note u acurrd by a mott~~e a[ evcn date herewith and is to be conatrued and enforced accord~r?6 to the I~ws of the ~tate of Fin~idr upon de(ault in the payment oi principd and(ot inte~est when due, the r+hole eum of prin~ipal and interest r.maining unpaid ahdl, ~t the option of the holders, become immediately dut and payable.,~ . .~~u~1>r~4~'' l , ,f'`G (SEAL) i/ (SEALj ~ - _ and shall perform, comgly 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 estate thereby created shall cease and be null and void. 1. The Mortgagor hereby covenants and agrees: Ial To pay a0 end singutar the principal and interYSt and other sums of awne~~ payaWe by .•vtue of said proinis~n• note and this deed, or ei[her, prompdy on the dss•s resyectivelp ehe same xverally becomes due. I bl To pertnit, tommit or sufter no waste and w maintain the impro~ ements at aU times in a state of good rnpair end condition, and to do ot permit w be done to said premises nothing chat will atter or change the use and cturatter of seid property or in any way unpair or w~eaken the security of this mortgege. And in case of the refussl, neglect or iasbility of the ~tortgagor to cepair and maintain said property, the ~tortgegee may, at his option. m~ice such repairs or cause the same to be mede, and adrance mones•s in that brhalf. Icl To par all and singukr the ta:es, assessmencs, levies. liabilities, and obligations of e~•en• nature un said dexribed property ea~h and ecrry when due and peyable according w lew-, betom i}r~• become delinquent. and to delicer to the !1lortgagee~on or before \tanA 15th of each year tau receipts e~idencing the payment of a0lewfulh imposed ta:es tor the preceding catendar year; to idemnify the Mortgagee upon hi1 demand Ior all ta:es, esseas- ' merits and charges that may be aseeaaed upon this mortgage oa the icdebtedness secured hereby, and paid by the morgagee, wit6oat regard w any !aw ' he:etofore enacted or hereaher to be enacted imposing payment of the whole or any ptut thereof ?q~on the ~Soctgagee. I f id1 To pay ell and singular the casts. c}urgea and e:penee~. intluding tewyers' tees and abatrett eosts reasonably ineurred or paid at any time by the ~ Jiortgagee because ot the failure on the Rart at tbe ~Sortgsgor to pertorm. comply with and abide by each and every the atipulation~, agreements. rnndition~ and co~~emnts of ssid promissory• note end this deed. or either, and e~•ery such payment ~fiall bear intere~t from date at the rate of ten I IOaE 1 per ceatum per annum. f = lel It ie furthet rnvemnted and agreed by said parties that in the e~•ent ot a suit beinq instiwted to foreclose this mortgage, the ~tortgagee shaU be 3 entitled to apply at an~• time pet~ding such forectosure suit to the murt having iurudiction thereof lor the appointment of a receiver of aU and singuL?r t6e ! mortgaged property, and ot all rents, incomes, profita, isaues and re~~enues thereof, from whatsoever eource derived: and thereupon it is hereby ezpressly ~ covenented and agreed that the Court shall (orthwrith appoint such receiver with the u,wal ppwas and duties of reoeiveis in tike ca9es: and seid appoin4 ment ahaU be made by ti~e court as a mauer of atrict right w the Mortgagee, and wi[}wut refereirx co the adeq~ucy or insdequ~cy o( the v~l~e of the pro- i perty hereby matgaged, or co the aolvency or ineolven~y of the Mortgagara or any other perty defendant to ~uc6 suit. The Mortgagor Mreby specif- E inlly wsivq the right W objeet to tMe appointmeu of e receives as aforeseid and hereby ezpressly oon~ents thac sueh apQointment ahall be made ae aa ~ admitted equity end es a metter oi eb~olute right to the Mor+~agee end that the seroe roay be done withouc notice w the Mortgagor. ~fl I( foreclosure procEedings sh~wid be instiwted against the property cm•ered by this matgage upon any other lien or claim whether alleged to be superior or junior to the lien o! this mortgage, the ~lortgagee may at his option unmedietelp upon in~titution ot such auit or during the pendency thereof declare this mortgage and the indebtedness secwed hereby due and payable forthwith and mey at ita option proceed to forecbse this mortgege. i R? That [he lfortgagor will keep all real and penonel propeRy nox or hereafter encumbered by the lien of this morigsge in~ured as may be rec~uired from ` tune to time by the Matgagee agsinst loss by fire, w~indstorm end other hezards, casuelties and contingencies fo? auch periode and tor not less thao ! such amounts as may be requ'ued by the Slortgagee end to pay promptty ~vhen due e!1 premiums For ~uch iruurence. 7l~e emounts of i~uur~nce required b~ tbe ~forgagee shell be the minimum amounta for which said insurance shall be vrritten end it shal) be incwnbent upon tbe Atortgagor to maintain such additanat in~urance as may be neces~ary to ~neet ~nd comply fully w~ith all oo-insurance requ"uanents rnnuined in seid pdicih to the end ttut the ~aid ~ ~iortgagor is not a co-insuror thereunder. Insurence shall be written by a compeny or wmpaniea appmved or designated by tAe Mortgagee ~nd ~11 poli- ; nes and renew aLs thereof shall be he{d by the 3f ortgagee. All detailed designatioos by the btortgagor which are accepted by the Mortgagce and ell eB~ ; ments betaeen ;1lortgegcx and ~lortgagee relating to it~suratlce. now ezisting or hereaher mude. shall be in writing and ~tull be a pert ot tAis mortgage agreerr4nt as (ulh as thoug6 set [orth verbatim herein and shal! goti~ern both perties hereto and their aucces~on and assigns. No lien upon any ot xid po6cies of insuronce or upon any refund or return premium which mey be payable on the cancellation or terminetion ttrereof, shtU be givea W otAQ ttun ~ the ~tortgagce, except b~ proper endorsement affi:ed to such policy and approved by ~toRgagee. Each potiey o( in~ur~ace ~ha116ave affized thx~eW ~ ; Standard :Yew Yorlc ~lort Clause without Contribution, maki Kagee ng all loss or losaes under auch po~cy psY~ble to ihe Mortgagee ~ its i:Kerest may ap~ pi+er. ln the e~•ent en}- sum or sums of money become payabie thereunder the Mortgegee ~ha11 heve the option to recave end ~pply the same on ~coount of the indebtedness hereb~• secured. or to permit the Slortgagor to receive and use it. or apy part tAereof, w~ithout thereby w~aivingor imptiru~gany equi• _ ti.lien, or righc under and b}• .irtue of this mort gege In e~~ent of lou or physical damage to the mortgaged prop~ty tbe Mortg~got ih~ll give immediate ~ , ao~K~24 Fac~ 569 . . . _ -