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Home My WebLink About2801 ~ ; . PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the indebtednesa evidenoed by a certain promisaory nute of which the following in words and figures is a true copy to-wit: _ T. - - ~ - - - ----.nr ~ ~ f 6 y225 _ 00 F~rt Pj,~rce, Flo~da iune 8~ 19_?[~ ~ORVALUERECFIVED WEj iointly and severallx, ~ ~~~oP.y j to th~ ord« ot ROSE CRAI the pnncipa! sum ofSTX THn 1SAND TWO H 1ND FD TWFNTY-F~QF and n , to~ethe~ Mrith intc~est thereon from date at the ate ot t~e ptreeot, per ~~num until maturity, both prineip~l and ioteteat bein~ p~r~bk ie lawtul ~woney ot ~he llnited ~tates ~t 2244 Bi~cayne 81vd., Miuni. Flotida. or ~t wch other place as the holders hueot mnr aai6n~tr ie w~tin~. Principal and interrat payabk in in~Wlmeets ~ tollo~+~: _ ONE HUNDRED FORTY ($140.00) DOLLARS per month beginning on the lSth day of August, 1974, and continuing on the 15th day of each and every month thereafter unCil paid in full. This note msy be prep~id ~e whole or ~n put aftec one year ftom the date herecf upon paya~eet of a penalty oqn~valeet ~ to (~ve percent of !he ptineipal sum prepaid. . Fach in~tallment paymeot shall b~ rredited fint on the interest due, and the temaioder o~ principal; and interr~t •hall t6erc- upon ceas~ upun the p~ncipal so credited. ~ Th~ makers snd ~ndoners ot lhis notc turthet a~tce to v+aive demand, notice o( non•payment and protest, and in th~ ercnt suit ~iull br brouRht (or the cdlection heteoi, or the ame has to be eollected upon demand o[ an attorne~?. to pay reasonabk attorney'x [rr. (oi mskin~ aueh cdlection. De(ened parments hereund~~ ehall bear interest at the nte oE ten percent per aonum trom mstu~tp undt ~aid. 1'hia note a aeuted bp a mort~e of even d~te herewith and is W be construed and entorced aec~d~ to the la~rs oI tl~e ~t~t~ of fl~xids; upon defwlt in the p~yment o( prineipd andlot interest whee due. the wlsok w~m d p~inciPal and ietaed rrmaininR unpaid shdl. a? the optio~ of the holdtes, become inunediately due ~nd p~yabk. . ~~/~~~iz.s.~ ~ -~S£AL} ~ , . ~~Y% ~ c.~, .a ' w - /CFA1 ~ and shall perform, comply with and abide by each and every t e stipulations. agreements, conditions covenants of seid pmmissory note and of this deed, then this deed and the estate thereby created shail ce~ase and be null aiid void. 1. The Mortgagor hereby covenants and egrees_ 1~) To pay ~D aod singular the prindpal acd iatereat and other sums of moneY WYable by virtue of ~id promissory oote aod tL'a deed. or eiU~er. P~'o~Y on the daye reepectivdy the same aeverelly beoomes due_ , (bl To pernvt. ea~rtut or suffer no wesce and to msintain che imProv~enta at all time~ in s state oi good *~ep~ir and oondition. a+d to do or PKmit W be ' done to said premises nothing that xiU alter or change the use and characur of said propaty or in aoy way impair or weaken tAe eec~eity of this i matg~ge And in cax of the refusal. negiect or inabi6ty of the Mortgagor W repsir and maiatain s~id propeity. che Moctgagec m~y. at hn option, m~loe - ~ such repain or uux the same w be made. and advance moneye in that bel~U. ~ Icl To pay dl and singular the uze.+. assessmente. leviee. liabilitia~, and obligatioro o( every nature oo said dexribed propdrty ac6 and evey w6m doe ~ e~ Wri~ ~'8 w taw, 6etore ~he~ beoome delu~~e+u. aaf to deliver w the Mortga~ee on or before biarch lSt6 d e~t6 year cu reoe~pts ~08 ~ WY~t ot a!1 Lw(ully ic~wed tues for tde preoeding ulendar year: to ide~nnity the Mortga~ee upm his demand tar all u:es. as~esr ~ mmts and cdarges ttut m~y be aaxa~ed upon this mortg~ge on tbe indebtedre~ eee~ved 6ereby. and p~id by ths morgagee. wit6out regard w~ny !aw ~ hereWforo edcted or 6ereaRer w be enacted imP~+oB PaYmeot of the wMle or any parc thaeof upoo the Mort8+~8~ ~ Idl To p~y all ~nd singukr tLe costs. ctiargea a~ including lawryers' feee ~nd abetnet oosts ~soo~bly incvrred or p~id at any time b~ the ~ .r. Mortg~gee becaux ot the failure oa the part of the Mortg~gor to perfam. oomplY with and abide by euh and ev~ery t6e ~atioas. sgeemeots. waditiaas wd ooven~nts ot etid promiseory note and tha deed. ar eitha. ~nd every sucL paymeat shall be~r iaterest [rom date ~t the nte ot t~ 110961 pr ceatum per ~nnum. Ie! It is huther oovewnted and agrced by ssid parties chst in the event of a suit being imtiwted w forecbse th~s mortgag~ tLe MortBa~ee aLefl be entitled w apply at any tia~e pending such [oreclosure suit w the oourt tmving jurisdiction ehereof for the appohument of ~ reoaiver d all aad ~al~r tLe ~B~B~ ProP~Y. aad of ~Il renta. inm~nes. Profita. issuen and revenue~ thereof. from w6at~oevQ sourae oaived: aad thaeapon it is hseb~ e:ped~ _ covenanted and egreed that the Co~rt slWl forthwith appoint suth reaeiva with the usual powas ~nd dutiee of reoeive~s in Iloe cases: and a~id sppomt meat shell be made by the court a~ ~ autcer of strid rig6t to the Mortgagee. and wit6out rofuenee w the edequ~cy ar imdeqwcy ot t6e v~e of tbs po- Pp'~Y ~Y ~8~6~ or to the solveocy or insolveocy ot the hlatgagors or any other p~rty detand~at w weh s~ut. 7be Ma~t~ot hn~b! ~pedff- iaUy waivee the rig6t W objeet W t6e appoa?tmeot of ~ reoaves u ataesaid and he~eby ezpRSSly oons~nta tl~t sueh appointment slrll b~ m~de as ~o admitted equity u~d ae a matter ot abeolute right w the Mortgagee aod that the ~ame m~y bs doae wittaut notice w the Mortgagor. ~fl If forecbsure proceedings sl~ould be instituted against the property cwered by thi+ martgsge upun ~ny otha lien ar cLim w6etLer alisged to be superior or junior to the lien of tltis mortgsge. the Alortgegee msy ~t hia optinn imi~diatdy upon institutioa of wth wit or durins t6e pmd~nc~ theeof declare this mortgage and the indebtedneas secured hereby due snd payaNe [orthw~i W and may at its option proaeed to forecbse this ma~t~e. 1 g 17l?st the Mortgagur will keep all real and perwnal propertY now or 6aeaitv encvmbe~ed by the lien o( this mort;age imured ~s m~Y be+e9aired irom time w time by the Mortgagee agaiast bss by 6re. wiidstorm and otlbr hasarda. cssualties ~nd coatingeociee for such psiods and for not ka th~n ~ such amwnts as may be required by the Mortgagee end w PsY P~~mP~ly when due all prsmiums for soeh ineunnce. 7be ~mwnts a~ innuanoe ~equued by the Morpgte a~ll be the minimum amounts tor which seid imursnce shall be ~ritten ~nd it shall be ~•,•~•~••,beot i~pon tbe Martpgor W~ sotb ~ ~dditiotul ina~ance a~ may be neceswy to meet and compiY tu1lY with dl oo-imurance requir¢mmts ooatained in ssid pdioiea to tLe end th~t tLe a~id Mortgsgor ia mt a co-insura thereunder. Insur~nce ahall be ~?rittai by ~ eompany or aompanies approved or de~ign~ted by tbs ]~to~a~ee ~od a~ Po~' cies and renewals thereo( stull be held by the Mortgagee. All detaikd designacions by the Mortg~gor which are ~coepted by the Mortgaaee ~nd all ~ges ments betwcen Mortgagor and Mortgsgee relating to imur~nce. aow uiating or 6eieaftsr made. ahall be m writing and shdl be a p~rt oi tbis moctaa~e = agreemera aa fully a~ thougb xt forth verbatim harin end shsll govem both p~rties baeto and t,her wooes~ors aod ~saigna No lieo upon a~ ot sa~d policie~ of insuranx or vpon any refund or return premium whic6 may be payabk on the wxeUation ar termin~tioo tlkteoi. sh~l1 be ~ven W other th~n - the ~tortga~gee. ezcePt bY ProP~r er?dorsert~ent affi:ed W suc6 poFicy ~nd approved by Mortgagee. Eac6 policy o! imurana s6d1 hwe af6~sd tht'~fo • Stand~rd New Yor'c Mortga6ee Clauae without Contributioo. making al! lo~s or losxs undet suck P~Y WYabk to tbe Ma~tgaaee as its ~rt tnq ~P ee ~ pe~r. in the event ~ny wm or auma of money beoome pay~ble ti~eunder the Mortgagee afu116sve the option to ceaeve and app~y the s~me oa~ eooomt of the indebtcdneas hereby secured. or w peimit the Mortgaqor to reoeive and use it. or any p~rt theraof. withoat thereby w~iviat or ~irios at4 ~9~' ti, lien, or rig6~ nnder and by virtue of thi~ mortgage. In event of bss or physica! dam~ge to the mat;~8d proqct7 ~~~a~ia ~ Pw ~ ; Q ~ ~p : BOOK ~.~A PACE ~ . , ~ . 3 - - _ - ~i ~ ~ ~'r ` ~ _ ~ v._ ~L ~-~,.~s =