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Home My WebLink About2591 . . ~ , • PROVIDED, ALWAYS, that if the Mo~tgagot shaU pay unto the Mortgagee the indebtedness evidenced by a c~rtain promissory note of which the following in words aad figurea ie e true copy to-wit: ~ ~ ~y_ .._.r. ~ ~ ~ . 7'as~c i ~ : 1.350.00 Fort Pi_~~~ce,_Flo~da ~1`tarch 30, t`? 7-' P~~R v~1.u E:cElv~L WE~ ~ ~~o~~~i nt1 and severaLl.y_, c~ 4,~y ' t„ th~ ord~r BERN~~D FOX AN6-RU'TH-~OX~ HI - - - ~ th~ pnneipal sum ot QNF T~USAND -TH E.~.1~1DRED FIFTY and_no110A~~t.L.a~.~. e.~~~:hz~ wi[h ;~<<~,~-: I~ lh~«un ttom dale at th~ ~~te o( ten prrcent, pe~ ~nnum until maturity. both p~ncipa! and inte~~et bein~ payY~l~ in liw::s! mo~u ~ ol r th~ t!mt~d >tate~ •t ?.2~t Biseayne Dlvd., \t~ami, Flori~a, ut at euch oihe~ plsce as the huldcc~ hereof r..ay de.~gnatr ~n ..nt~r,; Principd and ~ntert~t p~yable in initallments u follows: THIRTY ($30.00) DOLLARS per month beginning on the 15th day o~ ~f June, 1974, and continuing on the lSth day of each and every ~ month thereafter until paid in full. ! I~ r Th~s m~te may b~ prepa~d in whole or ~n prrt a(ter one yut ftcm thc datt .tereo[ u, on payr.:en; of a, tna:i} LQUI':.>Icne ~a f~~•e percent of ihe pnncipal sum prepa~d. , f.ach ~n~taliment p~ymenl rhall be ~redited Grst on the intere~t due, and thr r~mair.der un prtn~i~~a:, ar.ii ~ntrrr~: -hatl thrrc- upon ~~ase upun the pnnc~psl ~o ~r~dit~d. Th~ m+ke~ and ~ndorsers of this not~ furth~r a~ree to ~ra~ve drmand, notic~ of nun•psymrnt and protr,t, and <<. t~~~• ~.enl ,~~t .6a11 br brouRht (or the cullection heteu(, or ihe r,ame has to be eoi[ected upon demar d o( :n attomey, to pay rra~unaLie att~~rrtr~ ! (~r. tor msking ~uch collrctioo. i ~ . D~lerr~d paymenta hereund~r ~hall b~sr ~nterest at the rate of ten pcrcrnt per annum (rom rnaturity antil paid lhi~ not~ is aecured by a mott~R~ of evrn date herewith :nd is to b~ canstrued zn~t er.forced irco:di~:; lo t:i~ .~E ttte ~ ~ ~1at~ of fl~xids; upon default in tht p~ymrnt oE principd ~nd~ot intueat wt:en due, ttie ~+hole wm ~~f ~:nncin:l ::ric', in.~,e~i rrmaminR unpaid shdl, ~t the optio~ of the holdc~s, become immediately duc :nd payat,le. 4~ i ~ ~ ~ ~ ~ • i ~ 4• ~ U ~ ( _ ~~~..L) ~ ` . : ~ ~ . ~ ~ t. _ _ ~J:.:~E.) i ` . . - . _ P~-. --...a...os~ _ ~ and shall perform, comply with and abide by each and every the stipulations. egreements, conditions and covenants of seid 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 end agrees: 1~1 To p~y ~D and singuLr the prinripal and intereat ~nd other sume of money p~Yable by virtue ot naid promis.wry note and thi~ deed, or either, P?umpdY on the days respectivdy che same aeve:ally beoome~ due. I bl To persnit. commit or eulfer ao wra~te and to maintain t6e improvementa at all timea in a state of good repair and condition. and to do or permit W be done w iaid premixs oothing that xill aher or ebange tLe use and ch~rad~ of said property or in ~ny way impair or weaken the aecurity of thia ~ mortg~ge. Aod in uec of the refiual. neglect or inability of t6e Mortg~ga~ W rep~ir and maintain said PropatY. the Mortgagee may. ~t his optio0. make ~ such rs~iro or auae the asme w be made. ud advance monrya in that behalt. i 1 e! To p~y dl and singtJar the ta~es. a~ea~meats. kvim. lisbilities. and obiigstioa~ ot every aature on naid deaaibed property e~ch and every ~rl+ea due . ~ ~nd p~Yab{s ~eoording to law, before they bewaoe ddioq~xnt. to ddiver to the Mortgagr,e oa ar betore INarc6 15t6 of e~ch year tu reoeipts s ~ P~Y~+?t of all Iswhilly imposed tazea for the preoeding alendar yar: w ide~mify the Mo~tg~es upon his demaod for aU tazes. assees mmca.nd cl~rges chac may be.s~eaxd upon thie morcgage e6e indebcedness ssc~aed hereby. and p.id by the morgagee. wichout regard w any 4w heretolore en~cted ar 6ae~ha w be enaeted imP~oB P~Y~ of tLs whols or any part t6e~eof upon the MortB~gee- Idl To p~y ~!1 and sioguLr tbe costs. rLarges and npedes. ~nctudinB 4wye~e' tas and ab~tr~et aosu re~soo~bly iaurred or p~id at any time by t6s Mortgsgee beuuee of t6s tailure m tbe p~rt of the Mortgagor to perform. aomply with and abide by etc6 and evay t6e ntipulatioa~. agreements. conditioas ~nd oove+~nts ot ~sid promie~ory ooce ~nd this deed. or either. and every such payment shdl beier ineerest from date at the nee ot tan 110q61 per oeatum per ~nnum. lel It u turther oovedated aad agreed by asid p~rties thst in the e~art of a wit being i~tituted w forecbse thi~ mortg~ge. the Mortgagee ahall be entitled W apply ~t ury time pending such toreclosure suit w tbe oourt heving juriedietion thereof tor the apponNment oi a receiv~r of all and siogular the ~8~8~ P+'aP~~Y. ~nd o( dl reots. inoomes. Pro6ta. iesues and reveaues thveot. fmm whataoeva source dvived: and thaeupc+n it ia hereby ezp~ ooveoanted ~nd ageed that the Court ahaU forth~vitL ~ppoint sueh reoeiver with the u~ul powprs and duties ot reoeivera in like cases: and said ~ppoint. mmt shaU be made by tbe oourt u a m~ttsr o( striet rig6t w the Martga~ee, and witLout refeience to the adequ~ey ar in~deqwey of the wloe of the pro- P~Y ~7 ~8~8~. or w t6e solvsuY u* ineolveoey ot the Martg~gors or ~ny other party defeodant W sue6 suit. Tt?e Mortgagor hs~eby apeeif- ially w~ives t6s right W objeet w t6e appointmmt of a reoeiv~ as afore~id aad baebY ~sP~~Y oonsmts that eueh appoint,mmt ahdl bs mads as an edmitted eqidty aad as a matcer of ~bsofuce right to the Mortg~gee aad t6at the asme m~y be dooe withont notiee to the Mortg~gor- 1t1 It [orecloauie prooaeding~ sl?ouki be iastituted against the prope~ty coveied by t6is rnortgage upon any other liea ar eLim wl~ethar alleged to be superior or junior w t6e lien of this matgage. the Mortgagee may at his aptan immedi~tdy upon inetltutioa of aueb suit or during tLe peadmcy th~eof ~ declue thia martgage and t~e indebtedn~.s ~ecured hereby due and pay~ble forthwrith and ~nay at its optim prooeed W foredoee this mortgaga. ~ 1 B171ut the Mortgagor wiU keep all real and penowl propecty now or her~her ~n~mbered by t6e lieo of t!~ mortgage insured es m~y be required from ~ tiroe w time bp the Mortgagve sgainat ba by fin. w~indstorm and ot6er h~zard+. asualtiea and oootioga~s for such periods and for not less thw such amounts u msy be ra~uired by the Mortgagee and W P~Y P~P~Y wheo due a9 premiums for such ia~unnce. Rbe amwnts of ineur~aoe required ~ by the Marga~ee ahell be the minimum amounta [or which said imurana slall be writtea ~nd it shall be incumbent upon the Mortgagor W m~intain wt6 ~ ~dditional ins~a~nce as may be oeoessary w meet and oomplY tally with aU eoiraurance roquir~enta ooa~tained in aaid policies to the eid tdat the s~id ~ Mortgagor u not ~ oo-insura thereunder. Ins~uance shall be writtm by a oomp~ny or aomp~nie~ approved ar dssigtitad by tbe Mortga~ee ~?d aU pdi- ~ rc ciea end renewds thereo! s6all be hdd by the Mortgagee. AU detailed desig~utioos by the Mortgagur w~ieh are ~ccept.ed by the Mortgagee and all ma?ts between Mortgsgor and Mortga~ee rdating w insia~noe. now e:i~ting or he~+e~fta w~de, ssall be in writing and ahall be a p~rt ot this mort(~age agreemem. u fully ae thoug6 set fortb vvbatim herdn and ahdl guvaa bot6 p~rties haeto ~nd ther suooessors and ~ssigos. No lieo upon any of ~id pdicies of insuranoe or upon any refund or return premium whicL m~y be p~yabie ou ths tance~latan or tamin~tioa t6seof, aball be ~veo W ocha t6an the Mortgagee. e:cept bY proper endw~ement a(fi:ed to a~ch poticy aad ~pproved by Mortgsgee. Eaeh potiey ot inwr~nca ~lrll Mve ~f6ud theeW • ~ 3tand~rd New York Mort~gee Aaux without Contri'~utioo. arking aU bss or lwsea under suc6 P~Y WY~bis w th~ Mortga~ee u it~ int~sst may ~p~ pear. In tbe e~ro~ any sum or emns of monry beoome payable thsw~nder the Martgage~ shall Fuw t6e optim w reoeive and ~ppiy the wme oa acoouot ot the indebtedma hereby ~ecured. or w permit the Mortg~gor w ~eceiw and ~us it. or any part therwf. without tlbreby wtiving or imp~iring ~ny ~qtti' - ti. lien, or right under sod by virtue of thi~ mortgage. In event of bes or phy~ipl d~~ W tbs matg~ged ptopaty tbe Mort~gor sh~ll ~iw imm~W - ' go~ 225 . ~cE2~85 ,3~.,~~:.~ ti¢. .~r~ ~ _ . r : ~ ~ r ~ u~ ~Y . ~ ~ ~ .._.-w~~~h : rs .