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Home My WebLink About0613 PROVIDED, ALWAYS, thet if the Mortgagor shall pay unto the Mortgagee the indebtedness evide~ced by e certai~ promissory note of which the following in worda and tigures is a true copy tawit: . 00 ~i ~Fia;a. riay 25, .~~_74 ~ s~, OSO . F()R VALUf. REf.~IVED ~ WE ointl and several l p~omi~e co pay ~ to ch~ ord~r ~t CARL MINTZ AN-~TSN~~.~~TZ , W FE _ m»n ~.+t~ ih~ p~~o~~Pai som of _ THOUSAND FIFTY erid ri0 1 DOLLARS. to6ether with inteteat thcreon trom date at ihe ~~te o[ ten percent, per aonum until maturity, both p~RCipal and intere~t beinR parabk in lawiul money u~ ~h~ Umted ~tates ~t 22~14 Biicarne Blvd., Miami. Florid~, or at wch othet plxe a the hddera hceeof may desi6n~te in wtitin~. Principa) and ioterr~t pay~blt ie in~Wlments r~ollow~: • ~ SIXTY-FIVE (~65.00) DOLLARS per month beginning on the 15th day of ; July, 1974, and continuing on the lSth day of each and every month ; thereafter until paid in full. ` ~ . ~ Th~s note may be prep~id ~n whole or in put attet one year [rom the date hereof upon payment of a penalty equ~valent eo (~~•e P~rcent of the p~~ncipal sum prepaid. F:~ch +n-tallm~nt payment ~hall be credited fint on the interest due, and th~ nmainder on principal; and intrrr~l ~hsll lhrrr- upon c~asr upun the pnncipa~ so credited. Thr maker~ and ~ndorsers o( thia note (uriher ~ree lo w~ive demuea, nat~ce o( non-paymcnt and protest, and ~n thr ~vent ~uit ,lull tu brouRht fo~ the cdlection hereo(, or the same h~s to be eollected upon dem~nd o( a~ attomey. to pay reasonabte attomey'F (rr• for makinR ~uch collection. ~ D~(er?~d paymenta he~eunde~ ehall bear interest ~t the rate ot ten pe~cent per annum Irom maturity until p~id. l hi. nnt~ u acurrd by a mortpae o( evcn date hcrewith and ia to be conewed and enforeed according ta the laws of the ~tat~ of El~xidr upon def~ult io the p~yment ot principd andlo~ intetcat Mhen due, the whole sum of prin~ipal and intere~t rrmaininR unpaid shdl, at 1he option oi the holdees, become immediatcly due and payable. . • ~ ~ ~~t~ ~ . (SEAL) : . j c~ - r ~ ~ ` Ac•~ ~ (SEAL) ~ / ~ ' aad shall perform, comply with and abide by esch 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 egrees: lal To pay sll and ~inguLr the principal aad interest and otber surru of money peyable bv ~''vtue ot said promissory noce snd this deed, or eitl?er. P~~Pdy on the days respectively lhe same severatly beoomes due. Ib1 To permit. commit or suffer no waste and to maintain the improvemenca st a11 times in a state of good ~epair and condition, and w do or permit to be dose to aaid premixs nothio8 that will slt~ or cFunge the use and charader ot said property or in any way impait w~eealc~ the security of thi~ F mortgage. And in cax of the refu9al, neglect o! inability of the ~fortgagor to repair and muntain said property. the ~tortgagee m~y. et his optwn, malce ~ aucd repairo or uux the same to be made, and advance moneys in that behalf. ~ E (N To pay sU and singuler the ta:es, assessmenta, levies. iiabilities, and bbligetions of e~~ery• nature on ssid dexribed propercy each and every ~vhen due ( and p~yable ~ecording co law, before the~• become delinquent. and to delia•er to the Mortgagee on or before 31arch 15th ot each year tez reoeipts ~ evidencing the p~y-ment of ell Lwfully imposed ea:ea for the preceding calendar yesr: to idemnify the Mwtgagee upon his deaand for all tua~, assesa ments and cherges that may be aaaes~ed upon tiris mortgage on the indebtedress secured F~ereby. and paid by tbe morgagee. without regard to any law ~ heretofore en~cted or hpresher to be enacted imposing payment of the wMk or any part thereoi ~on t6e blortgagee. ~ Idl To p~y all and singulsr the costa. charges and e=pea9ea. iew:luding L~vyer~ fees and abstract ooate reasonebly iacurred or psid at any time by the ~tortgagee becaux o[ t6e failure on the part of the ~tortgagor eo perform, oomply with and abide by eech and e~~ery the etipulstions, ageementa. conditioas and co~inanta ot eaid promiseory note and this deed. or either, aud every such payment shell bear interest from date at the r~te of ten 110961 per centum per anawn: Ie1 It is huther co~~enanted and aqreed by said parties that in the e~•ent af a suit being instituted to fomcbse this mortgsge, the Mortgagee shall be entitfed to apply ~t am time pending such [omc{xure suit w the court ha~ing jurisdiction thereof for ihe appointment of a receiver oi all and singular t6e mort~aged prapertY. and of aIl rents. incomes. Profits. issues and re~~es thereof. [rom whatsoever soeuce d~ived: and tlweupon it is 6etebY espressly covpunted ~nd agreed that the Court shall torthw~ith appoint sucA reoe~ver with the uaual pow~ers end duties of recdvera in like ta.ses: and said appoint- ment shaU be msde by the coart ss ~ maua of atrict right w the Matgagee. and w~ithout reterence w the adeq~ucy or in~deqwcy of tbe vdue of t6e prv P~Y ~bY or to the aolvency or insuh~~cy of the Mortgegors or any other perty defendant to auch suit.'I1?e Mortg~gor 6sreby specif- iceUy wsivea the right w objed w the appoinuna~t of a receiver a~ aforeasid and h~eby e:pre.9sly oonsenta that wch apQointment ah~ll be m~de a~ an admitted equity ~nd as a matter ot eb~otute right to the Mortgsgce and tMt the same msy be done without notice to the Mortgagor. I(1 It torecbsure procredings should be instiwced against the property cm•ered by this mortgage upoo any other lien or clsim ~chetlur alleged to be ~ superior or junior to the lien of thi~ mortRage. the ~fortgagee may at his option imrnediately upon institmion ot such suit or during the peadency thaeof declare this mortgege and the indebtedness secured hereby due and payable forthwith snd msy at its option proceed to Eoreciwe this mortgag~e. ~ ~ 1 g1 Ttut the :Nortgagor wip Iceep all real and personal property now or hereafter encumbered by the lien ot this inortgege in~ured w mey be required from F~ time to time by the ~tortgagee against loss by fire. windstorm and other tusards. casualties and oontingencie~ for such periods aad for not less th~n ~ wch amounts as may be required by thb Mortgagee and to pfy prOmptly ~eh~ due sII premiums tor such insurance. The amount~ of insur~nae requited by the Morgagee sh.all be the minimum amounts for which said insurance shall be wTitten and it shell be incumbent upon t6e Mortgagor to m~int~in suth } additanal in~ursnce u may be neceswy to meet and comply fully with all co-insurance reqa'vements contained in said policie~ to the end th~t t!?e s~id ~ Siortgagor is oot s co-insuror thereunder. Insurence shall be wTitten by s company or oompnnie~ approved ar de~ignsted by the Mortga~ee and all pdi- ~ cies snd renewals thereot ehall be hefd by tne ~tortgagee. Al1 detailed designations by the Alortgagor which ere acaepted by the Mortgagee and aU agree ments betvveen Nfortgagor and ~tortgagee relating to imurance. now~ e:isting or hereafter made. ehall be in ~eriting and a6a11 be a psrt ot this mortgage agreemen~ as (ully as though set forth verbatim herein and shall govem both partiee hereto and their ~ucoessu~rs and aasigr?s No li~n upoo any of nid policies of insurance or upoo any refund or returo premium vchich may be pe9abk on the canceDatan or tesmination tMieof, shtll be giveo W ot1~r than the Mortgager, ezcept by proper endonement affi:ed to such po6cy and ~ppro~•ed by Mortgagee. Each poticy of insurance shall have dfized tl~ereto a ~ Standard Nrw York ~tortgagee Cleuse without Contribution, making all loss or loexs undu such poGcy p~yabfe to the A1ortg~goe as its iMerest may aP ~ pe~r. in the event any ~um or ~ums of money become payabk therainder the blortgagee shall have the option to receive and appiy the a~me on acoount ' ~ of the indebtedness hereby secured. or tn Fwrmit t M Nortgagor to receive and use it. a any p~rt thereof. without thereby waiving os imp~iriog any equi F ~ ti, lien, or right under aad by ~irtue o~ this rns~xtgage. 1 n event of bss or ph? ~ic~l darwge to the mort;ag~d propetty the Mortgagoc shali giw immsdiata ~ . • ~ ~ ~ ; E'"~ ~~S PACE 61~ ~ 3 _ _ _ Y ' _ _ _ . . . _ - 5. ~'5x=~