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Home My WebLink About2115 ' , ~ . PROVIDED, A1.1A'AYS, that if the 111urtgagor shall pay unto the Mortgagee the indebtedness evidenced by a certain promissory note of which the following in words and figures is a true copy tawit: _ ~~':'.e . ~ ~s 3,150.00 For~~.ce, F~a;d, March tn?~_. ~ 0 FOR YA4UF RECf.IYF.D_ WE,__iointly and severally, promiec tups~ ~ to the ord~r o( EDtJARD BROWN,and CAROLE BR~W~., hi~ wif~~. the pnncipa! sum of T.~EF. THOU.~AND QNE HIJNDRFiD FIFTY and n~ /~D~I.L.~?R~. togeth~r with inte~r~t lhereon Itom date at the ~ate o( ten percent, per annum until m~tutity, both principal and intere~t being p~y~b'.e in lawful moncy ..i the Un~ted Jtatca ~t 22~W.Biscayne Blvd., Miami. Florid~, ur at auch other ~l2ce as the hulders hereof m~y de~ignat~ in writin~ ~ Pnncipal a~d intenat par~blc in in~tallments u iotlows: { SEVENTY ($70.00) DOLLARS per month beginning on the lSth da}~ of May, 1974, and continuing on the 15th day of each and every Month j thereafter until paid in full. ; t ; ; Th~s n~te may ~t prepa~d ~n w~hole or ~n patt a;ter one y~~sr from the date heceuf upon paymenl of a pena~tp equivaler.t ! tu f~ve pereent of the pnne~pal sum prepa~d. ' f~ch in~tallm~nt payment shall be ~•r~dited first on the interest due, and the r~mainder on princip:l; ar.d ~nt~•rr~t ~ha!! thrrr~ C upon ceast upun th~ pnncipa~ ~ cred~ied. . Th~ makets and ~ndort~ens of this not~ (urther agret to .+aive demand, notic~ ot nun-payment and protest, sn~ ~n ihr r~en! ~u3t ~iull b~ bruuRht fo~ 1he collection hereui, or the r,amc has to be coilected upon demand o[ an attomey, to pay reawn:.k~lr attom~v~.- ~ irr. (or msking such collection. ! D~f~rted paymenta he~eunder ahdl hear ~nt~n~st at the tate ot ten peccrnt ger annum Erom maLurity untii {~aid. ~ l~hi. not~ it ~tcurrd by a mottgr~e o( rven date he~ewith and is to be conatrued and enforerd according to thr I.~s of th~ ~tate of Elrxida; upc+n dei~ult in the payment ot principd endlo~ inteteat when due, the whofe bum of prin~ip:l and interest ~ rrmaininR unpaid shall, at lhe option of the holdeea, become immedia ely due and payabie. ~ ~i~,Y ~'f~ ~ j ~ l' (~~:~L) ~ ~ r - i i z .til ` ~ S£~L I ~ S~~-~c~"~ y ~ ~ 4 ° 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 estate thereby created shall cease and be null end void. 1. The Mortgagor hereby covenants end agrees: 1a1 To pey aU and singular the principal and interest aad other sums of mone~ payade by virtue ot seid promissorv nuce and this deed, or atha. promptly on the days respectively the same severally becomes due. ~ ~ 1 b1 To permit, commit or suffer no vraste and to main W in the impro~•ement~ at aU times in a atate of good repair and condition, and w do w permit to be done to said premisea nothing that wil! alter or ciunge the use and charader of said property or in any way impair or weaken the security o( thia mortgsge_ And in cax ot the refusal. neglect or inability o( the ~iortgagor to repair aad maintain said property. the ~tortgagee msy, a! his option, make ' such repairs or ca?ue the same to be made, and ed~~ance mooeys i~ that behalf. i { ~ Ic1 To p~y all snd singulu the ta:es, assessments, levies, liabilities, and obligations of e~rry nature on said described prope~rty e~ch and e~~ery ~vhen due [ and poyabk eccording w law, before they become delinquent, a~ to deliver to tlie 6tortgagee on or befose ~tarch l5th of each yeer ta= receipta ~ evidencing the p~yment of sll I~wfdly imFwaed tuea for the preceding ulcn~ar yeer: to idemnify the Mortgagee upoo hie demsnd for all tezee. ~ssees~ me~ts and chargea tlut may be a~xs.~ed upon this mortgage on the indebtedneas eecured Aereby, and paid by the mwgagee, without regard to any Lw herewfore enaeted or herea her to be enacted'unpoaing payment ot t6e whob or any p~rt thereot ~on the Mortgagee. ~ Idl To p~y all and singul~r the costa. clurges and e:penxa. including lawry~ers'lee~ and ab~trxt cwts reasonably incvrred or paid at any time by t6e titortgagee becaux of the failure aa the part of the Mortgagor w periorm. mmpty with ud abide by ench a~ evrry t6e ~tip~ilatioa~. a~ts. con~tions and oovenanta o( ~aid promis~ory note and this deed, or either, and every ~uch payment shall be~sr interat from date at tlu nte of ten 110961 per centum per annum ~ lel It is further covensnted and agreed by said parties that in the event of s suit being instituted to toredose tl~is mortgage, the Mortgagee ahall be entitled to apply at any time pending such [oreclosure suit W the court heving jurisdiction thereof for the appoinunent of e receive of all and aingul~r t6e ~6~B~ ProP~Y. and of all reate. incomes, profits. iasuea and rev~ues thereof. irom whataoever aource derived: ~nd thereupoa it is 6ereby ezpresely covenaated and a~reed that tAe Court shall torthwitA appoint such rcaei.•er with the uswl powers ~nd daties of receiveca in like caxs: aod eaid ~ppoint- ment nhall be made by c6e court ae ~ meu~ ot atrict rig6t w th I?iactgagee. and ~vithout referenoe w the ~deqiticy ar iaadequ~cy of the v~lue ot t6e pro- pertY hereby morcgsged. or w the solvency or in~olvmcy ot the Mortgegors or any other party detendant [o auch suit. T6e Mortgegor hs~eby spseif• ~ ica0y waivea c6e right to object to the appoinuna~t of s reo~ver as aforeaaid and heteby ezg~e.ssly oonamts t6at auch appointmmt slrll be made as an ~ admi! ted equity and as a metter of ab~olute right to the ~lortgagee and that che ssme msy be doae without notice w the :ltortg~gor. ~ Ifl If [oreclo~ure proceedings should be inst~tuted against t6e property covered by this mortgag~e upon any otha lien or cL'uo whethes alieged to be superior ar junior to che lien of this mortgage. the Jiortgagee may at hi~ option immediecely upon inatitution of sucb ~uit or during tbe pendaacy thereof ~ decLre thi~ marcgage snd che indebtednes~ ~ecvred hereby due md pey~bk focthw~it6 a~ may ~t ita option prooeed w forecbse tLis mortgaga ~ 1 g I That the Norcgagor will Iceep all real and personal property no~v or hereafter encvmbered by tF~e lien of this awrtgage inwred as msy be required tram ; tune to time by the Mortgagee against loss by fire. windstorm ~nd other luzsrds. casualtiea and oontingenad for aueh periods and tor not Iw t6an g ~ wch amounts as rt~y be required by ihe Mortgagee and to psy promptly when due alf premiums for auch inwnnce. 71~e amouets ot in+urance roquined ~ ~j by the Morga~ee shsll be the minimum amounts for ~rhich said imurance shell be ~rritten md it shall be incutnbent upon tbe Mortgagor to m~int~in sw1~ ~ additional iiuurenr as may be necessary to meet and comply tully with all co-inwrance requ'vemenu oontained in aaid polic~ea w t!x end th~t the aaid Martgagor is not a co-insuror thereunder. Insursnce sh~ll be ~vritta~ by s rnmpany or oomp~ approved or designsted by the Mortg~~es and a!1 poli- ~ cies and renewals thereof ahell be held by the ~tortgaRee. All detailed desgnations by the:Nortgagor which are acapted by the Mortgagee and all aBetr ~ mente betw-een ~fo:tgagor and ~tortgagee relating W in~uranoe. no~v ezi9ting or heeafter m~de. ~hall be in writing and ahall be a p~rt of this mortgage ~ agreeme~u as fuUy as though ~et forth verbatim hetein and shall govern both parties hueto and their wooes~ora snd assigns h'o lim upon any of s~id ~ policies of insurance or upon any refund or returo premium which msy be peyabk on the tanceUation or terminetioa tl~ereof, shtll be given W otber th~n ~ ~ 2 the :Nortgagee. e:cept by pmper endorsement affized W such po6cy end approved by Mortgagee. Eac6 policy of insuranoe ahall h~ve affi=ed tliereW a ~ Standard New York Mortgegee Clause ~vithout Contribution, making all los~ or losees undg such policy p~yable to the Mortgagee as ita inteeet m~Y iP pe~r. In the event ~ny sum or eums of money become payabk thereunder t6e Mortgagee ~hall have the option to reoeive and ~pply the a~me on ~tewu~c of tM indebtedoess hereb}• xrured. or to permit the ~tortgagor to receive and use it. or any part t6ereof. withoat thereby w~iving or imp~irir~ ~ny equi- _ ti, lien, or ri~t under and by ~~rtue nf this mortgage. In eveat of bss or p6ysical damage to the mortgaged propetty tLe Mortgagor shall aive imm~diate Boac22~ PaGEd1Z ~ ; . :t - - ; - ~ ~r~~~~ ~ _ ~'~w' _ ~ x_ _ _