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Home My WebLink About1054 PROVIDED. A1.WAYS, that if the Mort~~or sh~ll p~y eu~to the Mo~tgagee the indebtedaesa evidenced by a cert,ain promis~ory uote of wrhich the folbwins in woeda and SNrN ia a true copy tawit: '~~~-'t~ ~ f~.-a ~50 .00 F'~ce _ Florida Tun~ 1, 19_Z4._- FON VALI~E RECEIVED WE, lointly and severally promi.e io pay to the o.d~. ot THEODORE M. PRESSMAN ~be pnnc~pd win ot THQUSAND NI.~ HIINDRE FIFTY and n~(~DLLARS. to~ethK with i~tcnat ~~eteoe Gon+ date at the nte ot tew pctecet, per aneua~ until matutity, boti~ principd ~nd ~nlcrest bemR paYabk in law[ut money u~ the Un~ted ~tates at 2244 Bi~cayne Blvd.. Mian~i. Flor+d~. or d weh other place u the hddus hereof nyy desi6nate in writina. Principal and ~ntrreri pryabk in iw~t~llwienb a~ tollow: SEVENTY-FIVE ($75.00) DOLLARS per month beginning on the 15th day of August, 1974, and continuing on the 15th day of each and every month thereafter until paid in full. . ~ Th~s note may be ptep~~d ~n Whole or in put a(ter one year from ~he date hereot upon payment of a penalty equivalent to f~~e percen~ of the pr~ne~pal sum prepa~d. _ Each ~o-talim~nt parment shsl) b~ ~cedited Gnt on the interest due, and the remainder on prineipal: and intrrr~t ~hall thrrc• upon c~asr upun the p~nc~pal so credit~d_ Thr make~ snd ~ndorsea ot this eote furthe~ a~ree to waive demand, notice oi non-payment and protest, ~nd in thr event suit ,ha~~ br bmuRht tor the cdlection hereof, or the aune has to be colleeted upon demand o[ an attomty. to pay reasonab~e attorney'R (rr. for maki~ wth cdkction. Defemd psrmcnts l~ereund~r ehdl beir intetest ~t the rate ot ten percent pe~ annum [rom m~turity until paid. 7'hi. not~ is ~ecurcd b~r a n~ort~e oi ee~r~~ d~te het~r+ith and i~ to be eonawed and enfaccd aecordin` to the lawa of the :~at~ o( F1~nda; upon drtwlt in thcpay ~nent ot p~ineipal indlo~ interat when due. the ~+hde eum ot pnncipd and iMeceit ~rmainin~ unpsid shaq, at the optio~ o( the iwldets. beeo~ne ~nuatdiateip due ~nd. aWe. , i` % • . ! -s1~- (SEAL) J i S = 'r ~1':.~:.~ ' ti~-~. (SEAL) ! and shall perfor~n, comply with and abide by each and every the atipulations. agreements, conditions and covenants of said promisaory 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 p~y aH ~nd si~t~lar tbe prinapal and interat ~+?d other sum+ ot mooeY WYable by virtue ot said promissorY oote and thie deed. or eitMr, P'o~Y'~a the d~ys re,~pectiveh t6e same sesaalty becomes d;~e_ ~ !bl To per~t, comeoit or suHv no sasie and w mainta?n the improvement3 at all times in a state of good repair and condition, ~nd W do or permit to be ; doae to a~id pemixs noc6ing that will alter or ctunge the use and c6v~aer of said ProP~'~Y or iu any ~vay impair or wreaken the sec~ity ot thi~ ! matgage Md in ax of tbe retusal. neglcct or i~biGty of the ilfortgagor w repair and maintain srid P*~P~Y, tbe Mortgag~ce may. at his option. make € such ~p~ira o~ ame the s~me w be m~8e. and advance monrys in t6at behdf. ~ Icl To pa~ aU ~od s~alar t6e t+zes. as~eats. krie~. ~++bi6ties. and °bl'guiom of every nature on e~id described property e~ch and e~"e'rY when due P~Y+~ ~~6 w Lw. befoce chey beoome ddinqnenc. and to ddiver w t6e riatgagce on or befare Siarch 15th of e~ch year tu raoeip~+ ~6 ~ D~Y~ of atl Lwfully impoeod tues ~or the preceding akodv yev: W idemnify the Matgagee upoo hi~ de~aand for all tues. assess mmcs aad ch.r~es chae may be as~es+cd upon this morcgage on tee i~ebcedness sec~ed 6«ebq. and paid by the morgsgee. wichout regard co any taw de+etofo~e eo~tted ot hae~iter to be enscted imposn8 Wy-areot o[ t6e wbole ot any part thdeo( upon tLe A1ortB~gee• ~d1 To pay all a~ sa~sl~r t6e costs. clurges and e~enxs. iadudin8 4wyas' tees and abstract oosts r~sonaWy iavrred or paid at my tim~e by the ~lortga~e+e became of the failure m the part of the bfortgpgor w perfarn6. aompiY wiN ud sbide by esch ani ecery the ~tipulatioae. ~eats. ~~~nanu a( aid p~Omis,~onr nots and thi~ deed. or ather. and e~^ery wch payment slull bear inteie~t from d~te at the nte of tm 110961 . ' per tentmn pa amum_ le! It is turther eove~~.ed snd aBrecd bY ~sid Parcxs ~hs~ in the e`a~t o( a suit being instituted to forecbse this mortgage, the Mortgagee sha11 be ootitbd co appiy at any [ime pa~ding sue6 (wecloaure suit to the aourt h~`n°B jurisd'dioa thereof for the appointment of a receivri of aU and smgal~r the mort8~~ed ptoQertY. and of aII raots. inoomes. Prafits. iasves and re~-enues thveof. fmm w lutacever eource daived: and tt~eupoo it ia hsebY ~P~Y ~.~at,~d and ageed t~at the Ceuct sball forthwiW appoinc eocA reariver with the u~ua1 powers and dutiea ot reoeivers io like ux~: and s~id appoint- meot ~haH be made by the ca~t u a matur d strict right w the !sa tgagee. aad witbout refermx w the adequ~cy or inadeqaacy of tbe wlos of the p~v P~Y ~*'~Y ~ or to tbe ~olveocY o* ia~ol~mcY of t6e Martgagors or any other psrty defeadant w such sdt 11ie Mortga8a 6~ebY spxit' ically ~raives ths ri~u to objeet w t6e appomta~t oi a reoeiv~r es aforeaaid rid heeeby ezp~ly ooa~eota that such appointment ~11 be made u~n adaueted eq~aty and as a m~tter ot sbaolute right to the Mortg~gee and th~t tbe s~me m~y be done withwt notice W the Mortgagor- ~f1 !t Eo~ecjoeuie proceedings s6a+1d be instituted aga~nst the property cmrred by this crartgsge upon any otha lien or claim wAetha alleged to be ssq~erior or junior w tbe lim d tliis nwrtgage. the ~iort~gee may et his option imcned'utdy upon iastit~ion of suc6 suit or during the pendmcy thdreof de~iare this maigage and the indebcedoes~ ~c~ued k~reby duc aad payabk torth~ith and may at ita option proaeed to toretloee t6ia mortgage. ~ 1 g 17bac the blatgagor .rill keep all ieal and P~ P~'oPK~Y cww or he~fte~r enaambsred by the lien of this mortgage iawred as m~y bs ~eq~rired from ~ eime co time by t6e f~ar~ee ag~inat {o~s by fire. wind+torm and ath~ lrzard+. caswtties and aootingeacies for euch periods and tor not lesa th~n ~ ~uch emwnts u msy be requued by t6e Matg~gee ud to WY P*~P~~!' wbm due all premiums for saeh inauance. 7Ue amounts o( imurmoe required by the Maga~ee slull be the miaimum amounta for which ~aid im~aaoe ~hal! be written aad it shaU be ineumbent upon t6e Mortpgor to m~inuin atxh ~ addicioosl iawa~e a~ mn be neoe~ay to meet aod mmQly fiil17 with dl ao-i~nurarce requfranent~ oontained in said polioes to the ad t~t the s~id ~lortg~or is oat a oo-imuror tbereunder. [asurance ~hdl be wrium by a oompaoy or oomp~nia ~ppmved or desigoeted by t6e MoKgagee ~nd all poli- cirs and rene.rals thaeof shall be beld by the ~tortgage,e. All deuiled desi~ations by the Mortgagor which ~re scoepted by the Mortgagee and all ~ge~ ments betweea Mortgagor fnd liortga~ee relating w i~wuance. aow rsisting or 6ere~h.er made. a6all be ie writing ~nd ~hall be ~ part ot this mortgage ag~eement as fdly aa tboug~ set fortL ~~erbatim 6ere~n and sh~ll govern bot6 partiea herew and che~r eucasaon and a~~s. No lie~ upon ~7 of a~id pol;c;e, of ~m~noe or u;,m any ~elund or recuro prcmium whic6 ~.y be payble on ebe canoellacion or cermioacion cheieof. ~Il be ~ven W other t6~n tbe 1fo~tgager. e:oept bY Proper endo~seme^t affi:ed W such poticy and ~pproved by Mortg~gee. E~cb poticy of iro~r~na slLll have d6=ed thweto • ~ 5tandard :~rw York Mortp~ee Qawe witbout Coatribution. makiog a~ los~ or bsses under ~uc6 P~Y P~Yabk to the Mortg~~ee as it~ iaRereet m~y ~P pev_ in tbe e~ent ~ny sum ar emns of cwney beoome pay~ble the~euoder the Martgsgeie shall have the option w reoe~ve and apply tbe same oo ~ooo~u?t at the indebted~eas hereb~ xcured. or co percrue c he 3f ortgagor w reoeive and use ic. or any p~t tbaeof. w[thout therebY wdving u* imipa'vin8 W' squi• ti. liea, or right under and by ~irtue of this uwrtgage. In event of Iw~ oc physical damsgY to tbe mort$~Sed proPertY tLe MorCgagor ~hall pvs Imm~diat~ : 228 ~.Q5~. . . . ~ - - - - ~ - - ~ ~ ~ > _ . _ v _ : - ~ .