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HomeMy WebLinkAbout1578 PROVIDED. ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the indebtedness evidenced by a certain promissory note of which the followinK in words and figures is a true copy to-wit: ~r~P~ c e~ s1.475 _ 00 , Flo~da Januarv 24~._ 74 ~ FOR LUCY ~~UKSUN I p~omise to W~=--~ • to the order o( thc pnncipd wm o( ONE THOUSAND THREE HIJNDRED SEVENTY-FIVE stp~t. . , ogethe~ with interest i ~hereon (~om date at the nte of ten percent, per annum until m~tunty, both principd and interest bein~ par~ble in lawful money uf ~ th~ United States at 2244 Biscayne Blvd., Miami, Florid~, or at such other pl~ce as the holders hcreo~ may design~t~ in writin~. Pnncipal and interost pay~ble in in~Wlmenu a~ (ollow~: THIRTY-FIVE ($35.00) DOLLARS per month beginning on the 15th day of April, 1974, and continuing on the 15th day of each and every month thereafter until paid in full Th~s note may be prep~id ~n whole ot in part a~tet one yeat from ~he date heceof upon payment of a penalty equ~valent I ~o f~ve percent of the prmc~p,l sum prep~id. Each in~taltment payment shill b< <•red~ted first on the interest dut, and the ~emainde~ oe principal; and intrrr~t ~hall therr• ( upon cease upun the pnncipal so credited. Th~ m~kers and ~ndorsers of thiu note futther agtee to waive demand, notice of non•p~yment and pmtest, and in thr event suit ,I~all be drouRht (or the collcction hereof, or the aame has to be eoltected upon demand of an attorney, to pay reasonaLle attorney's (rr. fw making auch cdlectioo. De(erred payments he~eunder shdl be~r interest at the rate o[ tcn percent per annum [rom maturity until paid- 7'hi~ note ie acured by a nqrt~e ot even dale herewith and is to be onstrued and entoreed accordin6 to the laws of the ~tate of Flnridr upon defwlt in thc p~rment of principd andlo~ inter hen due, the whole eum nn~ipal and intetest rrmaining unpsid ~hall, at the option of the holdcrs, bccome immcdiately du and p~yable.i y~ ~ • , , . ~ ~-t~-c,t (SEAL) I (SEAL) _ ~ L - _ - and shall perform, comply with;and abide by each and every the stipulations, agreements, conditions and covenants 4 of said promissory note and of this deed, then this deed and the estate t hereby created shall cease and be null and void. ~ _ f 1. The ;1+tortgagor hereby covenants and agrees: ~ Iai To pay all and singuisr tbe principsl and interest snd other sums of r.wney psyaNe by ~~rtue ot said promis~on noce and ihi~ deed, or either. ~ promptl_ron the d~ya respectivelr the same severa{ly beoomes due. ~ ~ bl To permit, cunurut or suf(er no waste and w maintain the impro~•ements at all times in a state of good repair and condidon, and to do or permit to be done to said prem~ses n~thing that xill alter or change the :ue and charstter of said property or in am way impair os wraken the security of this mortgage_ r~nd in case of the rFfusal. neglect or inab~6ty o( the Atortgagor to repair and maintain said property. the ~tortgagee may. at his option, make ' sucF~ repairs or eawe the same to he made, and ad~•ance moneys in that behalf. : ~ ~ Icl To pay all and singular the taxes. assessments, le~ie~, liabitities. and oWigations ot even• nature on said dexribed property each and e~~ery when due and pay~bk accordir+g w tew, before they become delinquent, and to deli~•er w the ~lortgagee on or betore ~terch 15th of esch year t~ reoeipts d e~idencing the p~yment of all lawfiilly imposed ts:es (or the preceding calendsr yesr: to idemnify the Mortgagce upon his deaand tor all tazes, ssaesa - ments and charges that may be es9es.xd upon this mortgage on the indebtedness secured h4seby, and paid by the morgagee, witMut regard to any Isw ~ nereWfore enscted or haeaker to be enacted imposng payment of the whok or any part thereof u~on the Nortgagee_ ~ • ~ _ ~d1 To all and si the cosu, char and e: nxs. includin lew s' fees end abstract costs reasonsbl ~ncvrred or at an time b the PeY 6~ Pe B ~ Y~ P~ Y Y $ ~tortgagee because of the failure on che part ot the Afortgagor to perform. comply with and abide by each and every the stipulation~, agreements. ~ canditions and rnvenants ot said promisson• note and this deed. or either, and every ~uch payment shall bear interest trom date at the nte of tea { IO~ic? ~ per centum per snnum. " ~ ~ Ie1 It is further co~•enented and agreed by said parties that in the e~•ent of a suit being instituted to foreclwe thu mortgsge, the Mortgagee ahall be ? entitled to apply at any Lime pending such foreclosure suit to the oourt ha~-ing jurisdiction thereof for the appointment of a reeei~~er of aU and singuLr the ~ mortgaged property, and of all rent~, iiuomes, pro!its. issu~s and re~enues thereof, from whatscever aource derived; and thereupon it is hereby espresaly cove~unted end agreed that the Court ahall forthwrith appoint such reeeiver with the ueual powei~ and duties of,reca~rta in like ci~d: ~nd said appoiat- ~ ment shall be made bp the court as s mauer of suid right u~ the Nartgagee. and without referene w the adeq~vcy or inadequuy ot the v~lue of the p~ ~ peny Mreby rtx,rtgaged. or to the solvency or insoh•ency of the A~ortgagors or any other party defendant to sue6 suit_ The Mortgagor hereby spetif- ~caUy w~aives the right to object to the appointma~t ot a receiver as aforrsaid and hereby- e:pressly oonsa?ts t6at such appointma~t shsll be made as ~n ;~5 adnutted equity and rs a matter of absolute right to the Mortgagee end thai the same may be dorw ~sithout notice to the Mortgsgor_ ~Y ~tt (f forecbwre proceidings should be insticuted against the property covered b}• th~s mortgsge upoo any otha lien or cteim whether alleged W be : supenor or junior to the lien o( this rtxxtgage, the ~lortgaRee may at his aQtion immediecely upon institution of such suit or daring the pendency thereof declare this rtwrtgage and the indebtedness secured h~eby due end payaWe forthaith and mey ~t its option ptoceed to toroclose tlw mortgage_ 'va 1 g 1 That the ~lort gaqor wip keep all real and personal pr[~perty now or hereaher encvmbered by the Gen of this mortgage inwred aa msy be required from ' tune to time by the ~Sortgagee agsinst loss br tire, windstorm end other hazuds. casualties and cootingencie~ for such periods and for not les~ than such amou~ts as may be required by the Nortgagee and co pay promptly when due aU premiums for such insurance. 'll~e amounts of inaurance required :;,i b~ the_~torgagee shsll be the minimum amounts (or which said ~reuranre shaU be w~ritten and it shall be incumbent upon the ~tortgagor W maint~in sttt6 additioml inaurance as may be neces.wy to rtieet and comply fiilly w~ith aA co-insurence requ~ranent~ aontsined in said polides W the end th~t the ~id !Nortgagor is not a co-insuror thereunder. Insurance shall be ~rritten by a company or oompenies epproved or d~igmted by the Matgage,e and all poii- cies and renecrals thereof shall be he{d by the ~tortgagee. All detailed designatiuns by the Mortgagor ~rhich ere ~ccepted by the Mottgagee and all agree - ments bctw~een ~tortRagor and Nortgagee relating ta ir~urance. now/ e:isting or hereafte~ made, shall be in w~riting and ~hall be a psrt ot this mortgage r; agreement es fuliy as though set forth verbatim herein and shall govem both parties tereto end their succp~oro and aeaip?s No lim upon any of aaid poiicies of ins~rance or upon any refund or retum premium which may be pay~ble on the cancellatan or te~mination thereof, sAell be givm to othe t}?~n ~=i the ~fortgagce, e:cept b; proper endorsement aifixed W such poGcy and eppmved br 1lortgagee E:acb poGcy of insursooe ehall tuve ~f5sed thveW • Standard tiew York ;~tortgegee Qause without Contribution, rtuk~ng aIl loss or la.xs under such policy peyable to the MoRgagee ~s its intereat cn~y ~p~ = pear. In the e~•ent sny ~um or ~um~ ot money become payabk thereunder the ~tortgagee ahall have the optioo to receive and ~pply the same on ~toount o( the indebtedness hereby secured. or to permit the ~fortgaqor to receive and use it, or any part thereof, tivithout thereby wdving or impairing aay equi- ti, lien, or right under and b}~ ~irtue oE t his mongage. ln event oi loss or physical damage Co the mottgaged property t6e Mortg~gor shaU ~ve imm~diate - ~ aocN~3 ~~cEf 578 ~ .