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Home My WebLink About0195 ' _ ' •f~' • ~ ' ~ ~ . ~y PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the I~lortgagee the indebtednesa evidenced by a certain promissory note of which the tollowing in words and tigures ia s true copy tawit: ~ ~ ' March Z4._ s_2 , 525 . 00 ~ Fo__,_ rt ?~'rc=Fio~da _ F~~R ~l , ~fJ~~____~ WE _,J~o, ~in l l and sever~a ~11~_, _ p~om~•e e~ p:y F la the order of _~E~~~~~Vli E:lZME1N A~~vLU~~ '~E~~ tt 15 W USAND FIVE HLTNDRED TWENTY-FI atld . together wilh inteasl the pnncipal sum o( ZWO THO thtreon (rom date at the rate ot ten p~crent, per ~nnum until maturity, both pnnc~pd and ~ntereet beinR payable in ta..(ui money uf ~he l~~ited ~tatea ~t 22~t4 Bi+cayne Blvd., ~1i~mi, Fiorida, or at ~uch other place as ihe holdc~ hereof m~y designate in wtiting. Pnncipd a~d intenst p~y~bie i~ i~uWimenu ~ tollow~: SIX'1'Y ($60.00) DOLLARS per month beginning on Che lSth day of May, , 1974, and continuing on the lSth day of each and every month there- after until paid in full. 'i'A~s note may be pcep~id in whole ot ~n pact aiter one yesc [tom the date he~eof upo~ payment of a penalty equ~.•alent i;, f~ve percent ot the prmc~p~i sum prepaid. _ Each imtallment paymenl shali be rredited fint on the intc~est due, and the rem~inder on principal; and intrr~~t ~ha11 thrtr• upon ~~asr upun the pnneipal so er~dit~d. Th~ makers and ~ndorsers of this oute (u~ther agree to waive demand, notice o[ non-p~yment and protesl, and in ttir ~vent ~u~t ,I,at~br bruught (or thc coilectioo heceuf, or the same has to be collected upon demand o[ an attorney, to pay reasonabie attorney'~ frr. !~or making auch collection. : Uefened p~yments heteunder eh~ll bear interest at the ~ate ot ten pe~cent prt annum from matucity until paid. 7'hia note it ~ccurrd by a mort~Re ot even date herewith and is to be ~onatrued and en(urced acco~du?g to the law~ oE the ~tat~ o( Flix~da;-~?pon def~ult in the payment o! prinapd andlo~ interest when due, the whole sum o( principal and intcrost ~ rrmaininA unpaid aha11, it the option o( the holders, bccome immediately due and payable- ` `~~Ccr~ y-- (SEAL) 5 J~~~ ~ ~ ,---ff ~ (SEAL) s\ - . ; and shall perform, comply with and abide by each and every the stipulations. agreements, conditions and covenaats of said promiseory 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: 1~1 To pey all end singular the prindpel snd interest and other aums ot money paYabk by virtue of said p+omissory note and thia deed. or eitFur. pcompdy oa the days respective~• ehe same sevenlly becomes d~e• Ibl To permit. commit or suffer no wasts end w maintsu? the improvements ~t a~ times in a stete o[ good repair aad condition, and w do or permit w be done to said premixs aothing that will attu or clunge the use wd clrr~aer of said propercy or in any way imp~ir or .vedcen the security of tbis ~ mortg~gs. And in case ot the refusel. neglect or inability ot the I1lortgagor w rep~ir ac?d maintain said Property. the ~lortg~gcs m~y. at his option, make ~ ~xh eep~irs or uux the aame w be made. ~nd advaaa moneys in that bel~lf. ~ lel To pey ell u~d ningular che uus. s~aessments, levies. li~bilities. and obligations of every nature on seid dexribed propertY eaeh and e"erY ~'he° due ~ ~ Wrible sccording W Lw. before they beoome delin9uent. snd to ddiver.to t6e Mortgagee on or before ~1arch lSth ot esch year ta: reoeipts ~ e~~dencing the p~yment of all Lwfully imposed tun fw tbe preoeding cilendu year: to idemnify the Mortgagce upoo hia demand for all t.~see. assess ments and cl~rges t6at may be aaeeaaed upon thia mortgage on the indebtedaess eecured hereby. and P~id by t6e morgagee. without reg~rd to any Lw herewfore enacted or henesher to be enacted impoaing payment ot the wdok or sny parc theeeof ~on ehe Mort8~8~- Idl To p~sy all and singuLr the costs. charges and e=pense~ inetuding lawyera' tees and abstr~ct ooets re~wbty incurred or paid at any time by the :?tortgagee becaux o[ the [ailure on the part of the Mortgagor W pertorm. oomply with a~ abide by e~ch end every the stipulat'aas. a~eementa. rnnditioos aad covenanta of aaid promisaory note and chis deed. or either. and every such p~ymeat !~hall bev intereat from date at the nte of ten 110961 per ceatum per annum. Ie1 It ie further oovemnted snd agreed by ssid parties that in the event of ~ suit being irotituted w Eoreclose thiu mortgage, the Mortgagee ah~ll be entitled W apply at any time pending such foreclosure suit w the oourt h~ving jurisdiction thereof for tAe appointm~t oE a receiver of all and ~inguLr the ~~SaB~ ProP~Y• and of all reats. inoomes. Profits. ieeues and revenues thereof. [com whataoever sourae derived: ard thereupoa it is hxeby e:prosely rnvmunted and ~Beed that the Court ahall torthwith ~ppoint auc6 reoeiver wit6 the usu~l powes ~nd du~ of reaivers in like wes: and said ~ppoint- ment shsll be m~de by ths court u~ mauv o! scriec right to ths Mactpgee. ~nd wichout eeferera w ths ~dequaey or inadequacy of the v~lus d t6e pro- P~Y ~Y ~B~B~ or w the aoiveney or iasolvmcy ot the Mortg~gore or ~ny otLer party defendant to suc6 suit 17~e Mortgagor heceby specit- imlly waives the right to objeet to the ~ppointment of ~ reoeiver as atwe~aid and hereby ezpree.sly oonsencs th~t suc6 appointment aiull be m~ds as an - sdmitted eq~ty and as a mstter of ~beolute right w the ~Iortg~gee and that the same m~y bs doae without notice to the Mortg~. 1(1 If forecbeure proceedings s6a+ld be instituted agsinet the propetty cm•ered by thi~ mortgage upon any other lien or cl~im whether ~lleged w be yoperior or junior to tbe lien of this mortpge. the !1lortgagee may ~t his option immediately upon ia~titution of such wit or during t6e peodenty thereot deciare thi+ mortgsge snd the iodebtedneea secured hereby due snd payabk forthaith and may at its optian proceed w forecla+e tltia mortB~6e- ~ iawred u msy be required fram - 1 g171ut the bfortgagor wiU ~eep all real snd peroonel pmpertY now or hgtafter ~neumbe~ed by the }ien of this mortgage i`:; time w time by the Mortgagee against lo~s by firr. windscorm and other f~zuds. caswltiea and oontingencie~ far sueh periods end for not leas thao ~ auch amounts ae may be required by We Mortgagee snd W PaY PpQ?PUY when due ail prenuum~ for sueh ia~urancx. 71~e amounte ot imuranoe required by the Morg~gee sF~all be the minimum amounts for wAich snid i?uurance s1~aA be written ~ad iL shall be inaunbent upon the :~tortgagor to mtint.ain sucb edditionai insurance as may be neoeasary to mcet and com~ply fnlly with all co-insur~nee requ'vanenw oontained in said poliae~ to the end th~t the s~id ~ Mortgagor is not a oo-insuror thereunder. Insurance shell be ~ritten by a compsny or camp~nie~ aPPwved Q deei8nated by the Mortgagoe and di poli- cies and reoewals thereot shall be hekf by the Mortgagee. All detaiied deaignatione by the Mortgagor w6ich are acoepted by che Mortgagce and all agee- ~ ments betviceen Mortgagor and !ltortgagee relating w in~uram. now eristing or heieskec m~de. ehall be in writing ~nd shal! be a pert of this matgage ~"5'. agreemem. u tully ae though xt torth verbatim herein and shall govern both parties heteto and their successo~s and assigns No lien upon wy of stid policies of in+ursnce or upon any refund or returo premium which may be p~yable on ti~e c~ncellation or termination tMleof. shdl be giveo W otht~ th~n the ~lortgagee, ezcept by proper endorsement affi:ed to such policy and appmved by \lortgagee. Each policy ot it?suranoe ehd{ luve ef5ud thereto • Standud New York Morcgagre Clauee without Contribution, rtukiag ail loss w tosxa und~r wch policy p~y~ble to the a'lortgagee as its iiu.ee~t maY ~P pear. In the event ~ny wm or sum~ ot moray beoome p~yabb chaeunder the Mortgagee slull tuve t6e option w receiive and apply the same on aeoount ` of the indebtedness hereby •ecured. or co permit the Mortgagor to receive u?d use it. or any p~rt thereef. writhout thcreby wafving or imE+airing wY equi• ti, lien. or right uncler and by virtue of thie mortgage. [n event ot ioa~ or physital damage to the mortg~ged pcopertY tbe MoKgagor ~6a11 give im+nsdiaia . ` ' aoa~ 22~ P~ ~`9~ ~ - h j ...~~'-Q^ . ' - _ ~ I ~ ~G=~ ~~~E ~ Aa~ 4 ? !1'»£~"~ ~ W'_ ~ ~ . : . `~;cE-s,~,yM~~, z ~ . ~.a_~-~ ~~x.~°°~.~~7`' ,.Y-_ . ~ _ ,u