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HomeMy WebLinkAbout1491 !'RI)\II)1=11 ~l.N:\Y~. ~ha~ if It?~ \1urlK.~gut ~hall unl~~ lht \k?rtg~g« lhr m~rbtrdnr.+ ~~~Jrn.rd M ~ it~la~n p~u,n~..u~t m~~r ~~1 Nhi~h ~hr f~~II~~N~ng ~n ~.u~d~ and I~gurr~ i> a Itut ~upy tu_w~t _ . . ~4'7~~ ~~f'~''~ s_ 1_~925.00_~i_,-- Miami.Elorid;._ June 6 _ 74 ~ tl)R Vr~ .UE ECEI~'EI~ I-- - prumi.:e lu pay t D~L~S GOOD1~iAR @ t~~ the ord~r ot _ _ - - - -~N1~~~~ - - E~~,r p~~~~~~?,~ ~on, ot.__,,?~t~Thousand_Nine Hundred Twenty-F~V~ and I AIL~, lo~ether with intr~~:t thrrrun (rom date at thr nte ut ten ~nent, per annum until matu~ity, both princi}u) and interest being payable in IaM~tul mune~ uf th~ l'~ited ~tatrc at '.~.`.'.~1 Bi.~cayn~ lil~~d., ~liami, Florida, ot at wch othe~ plact as the holdecs hereol may designate in writing. f'rincipal and interest payable in in~tallmrnts as [ullows: Thirty ($30.00) Dollars per month, for sixty (60) consecutive months, on the 15th day of each and every month, beginning on the lSth day of August, 1974, and continuing until the lSth day of August, 1979, at which time the balance shall become due and payable. This note may be prepa~d ~n vrhole or ~n part altet one year ftom the date hercof upon payment of a penalty equivalent tu f~ve percent of [he principal sum p~epaid. Fach in>tallm~nl paymrnt ~hall l?r rrrdit~d fint on the interest due, and th~ remainder un principal; and interest shaU th~•rr- u~~un c~a.~r upun U~~ principal ~u rrrditrd. Th~ mak~~ and rndut~en u( thi~ not~ [urth~r agree to waive demand, notice uf non-`~aym~nt and p~otest, and in th~ event suit ,hall t~r b~uught for thr ~•ollrction 6rreui, or the .ame hu to be ~ollected upon demand o( an attorney, to par reasonable attorney's frr~ (u~ inakin~ ~uch culle~tiun. 1)~i~~rcd paym~nt~ hrr~und~~ ~hal) h~ar mt~~est at the rate i•t ten percrnt prr annum frum maturity until paid. 7'hi~ note i.c ~~~KJ by a mort~a~~ ewcn date h~rewith and is to ~x construcd and enforced according to the laws ut ~e ~tat~~ o( tl~xida; upon d~(ault in th~ paymrnt prin~i~al and~o~ inte~~st wh~n dur, lhe whole sum of principal aod int~e~st n•rnaining unpaid shall, at the option of the holders, become im e'ately due and payaWe. ~ ~ ~ ; . 7~ ~ , ~ ~ ~ ~ `E~-~ , ' ~ --c~F::~~.> Pt~pa~~d by ~p~cler & Tendrich, Atto?n~)s 22l0 Ri~ayot Blyd., hliami. Florida ! ` an~ shall perform. cumpl~ with and ab~de by each and e~er}• the stipulauons, agre~ments, conditions and covz- nants uf ~aid prumissor~ nute and of this deed, th~n th~s deed and the estate thereby created shall cease and bc null and void. 1. The ~lortgagor hereby co~•enants and agrees: lal To paY all and ~msular the pr~nc~pal and mtcrc~t and u[hcr sumc ot money' payable by vuwe o( sa~d prort:~ssory note and ~h~s deed, or e~ther, ~omptly on tht daYs «<D«~~~~~Y tht ~ame crvcr~lly becomes dut_ lb) jo permrt, c~rtnmt ur su([er no .aste aa1 ~o ma~nta~n ~he ~mprovements at all hmes ~n a state o( 6ood repau and cond~t~on, and to ~ do a perm~t to be done to sa~d prem~ses noth~n~ th~t r:ll altcr or chanse the use aed chancter of said property w~n any ~ray ~mpau or I' +~eaken the secun~y of th~s mort6a~te_ and m case of ~he rcfusal, ne6lect or ~nab~Gty of the Mort6s6or to repa~r aed ma~nam sud proper- ty, the ~1arlsagee may, at h~s optioe. make such repa~rs or cauce the samt to be made, and sdvance me :tys m that behalf. (c) To pay all and smtular ihe taies. asseasments, le•ies. I~ab~I~Ues, and obl~aaaons of every oature on sa~d descnbed property each and every ~.hen due and payable accor3~n6 to lar, be(cxe they become deGnquent, and to del~ver to the Mortba6ee on or be(ore M=•ch i 15th of eaeA yeu ta• rece~pts e~~dencmE the payment of all lartully ~mposed taxes for tAe precedm6 ealendar year, to mdemnJy the ~ ~lort~asee upon h~s dcmand for all Uce~, a...escmcnts anA .har6e~ tha~ msy be assessed upon th~s mort6ase on the ~ndcbtedness cured hereby, and pa~d ~y mutEaFee, ~~thout rrgard to any la+ hereto(ae enacted cx her-after w be enacted ~mposms ~ayment o: the rhole or any ~art thereo( upoa thc \for~Eaaec. ~ (dl to pay :11 ~nd s~nsular the cos«, char6~s and eapense~, mcludin6 (a~yers' tee+ and abstract costs reasonably incurred n~ paid at ~ any ume ht• thc S1~xtRaaee bccau.e .~t the (a~lure on the part of the ~lort6a6or to perfotm. cemplY y-~~ and abide by eacA and rve~y the st~pul.t~ons, a6rcement.c, cexW+hon. and co.enants of ca~d prom~ssory note and th~s deed, ot e~tAtr, and ever~ such~payment shall bear - ~n~crest (~um date •t thc :a[e of ten 1 i0`"e1 ner centum per annum. (el It is turthu co~en~.:':: and a~reed by aaid part~es th~t ~n tAe event ot a suit beiers inatituted to toreclose this mort~s~e, the Mo~t- p~te shall be entitled to applr at anr tiioe pendin~ such toreclosure suit to the court na~in~ jurisdiet~m the~eof for tAe appo~atisent of a recei~er of ~11 ~nd sin~utar u~e ~.«~aa~ea proanr, and o( ~11 renis, ieuaees. protits, issues aad revenues thereot, hos ~hauoever sourcc deri~ed; aad Wete~yon it is hereby eapresslr corenaated aod a~teed th~t tbe Coutt sAall torth~ritA aOpoint snch ~eceirer ~~~h tae wu~l pwrera and dut~es of receivers in like c~ses: and s~id •ppoinueent shsll be w~de by tAe court u~ mattet of strict ri~ht +o the ~Wttss`ee, and ~ithont re(erence to the ade~uacy or inadequacy o( the r~lue of the ptoperty herebr mort~a~ed. or to tAe solrency or insolvener of the biorti~tors or any other garty defendant ~o sucA suit. The Mortp~or heteby spec~f~c~llr ~ai~es the n~At ~o object to tAe appointeen~ of s ~eceiver as atoresaid ~nd hetebr espressly cousents that such spyointaent sh~ll be ~ade ~s ~n adeittcd equ~ty ` •nd aa a s~tte~ ot ~bsoltite ri~hl to the Mortptet aad th~t tAe saae au7r be done rithout notice to the Morts~~or. F (f) If faeclosure proceedinp sAould be instituted e~~inst the propertr eo~ered br t6is swt{ase upoe ~ar oWer lien or clais rAe~her alle~ed to be s~perior ot junia to the litn d. tAis martpsc, ~he Mor[{a~te isay •t dis option isaedi~tely upon institutian o( such su~t or duria~ ~Ae pendencr ~bereof declare this sort~s{e •ad tAe indebtedness seeured 6ereby due and p~yablt (wU+r~~h and mar at~ts option proceed to faeclose t6is morts~~e. ~ That [he Matpsor ~ill keep sll real ~nd petsonai propcrtr no~ at 6ete~Rer cncusbered by the hen of this sort~a~e ~nsuuQ as may be required troa~ tiee to ti~e br the Mor[~~see ~pinet loss sy fire, r~ads~am and other A~zards, c~sualues ~nd conhn~encies (or such ~ penods and for not Isss tD~a such aaaan~s as s~y be required by the Nort{~~ee aad to Pay pto~ptlr +Aen due all p~em~uas fa such ins~r~nce. TAe asounts ot iesuraace required br ~Ae Ir{o~tt~tee sAall be the siai~um ~sounts (a* ~A~cA s~id ~nsur~nce sAall be ~ntten and it shall be IRC{I~CAt Yp011 tAt MOtt~~~Ot t0 ~IillalA lYC~1 ~ddihonal iasur~nce may be necessiry to n~ett and canpty fully .~th ~11 co-iesurance requueeeats contained in said policies lo the end that the said Mortp~or is not a cwinsnror tAereunder.Insurance sh~ll be rritten br ~ cosp~nr ar compantiea ~Pprored or dea~ssated br tbe Mat~a~te aed ~11 policies and reoe~~ls tAereof sAall be Aeld er u~~ w«~s.see. A!) detailed desi~nations pr the Mo~tta~or ~AicA ~re accepted br 16e Morya~ee ~nd all a~tetsents bet~een blort~~~or and Morti~~ee rel~tm~ to insunace, no. eaistin~ or bere~tte~ made. sh~ll be in ~ritin~ and sAal{ be a p~tt of this mortN~e s~rteaeet ~s fnltr as tbou~h set (wtA ~crb~tis Aercin and sA~lt ~orem botA parties hereto snd tbeir snceessors and assi~ns. No lien upon any of asid policies of inauranct or uPon aar refuod or retum prusiu~ ~hieh s~y be p~y~ple on tAe c~acellation a ter~in~tion thereof~ sAall be ~i~en to otAer ~han tbe 61ort~~sec. except Ar propet endwsewtnt •ffiaed to such pol~cy aad ~Qpro~ed by Mort~a{ct. Each policy r?f ina~r~nee shall h~re afC:ed tAtrcto s Staad~rd New Yak Morts~~et Cl~rse ~~tkout Cootrib~t~oa, m~kin~ al) loss a losses under such policr paY~ble to tAe Mottp~ee ss iu ~aterest ~ur ~ppear. !n the eteat ~nr sms ot suss ot isontr becauc p~r~ble ~here:mder the ~tort- sa~ee shatl hare We optian to rece~•e snd •Pply the sa~e on account of t6e ~ndebtedness hcreby secured, a to perm~t tAe N~xt~aRnr ~ to recei~t :nd use ~1, ot anr part thereof, ~itAout lherebr ~urin~ ar isp~iri~ anr equitr, lien. ot t~~h~ under snd by nrtuc o( th~. mortq~e. [n event of loss or phrsicsl damsse to the ~t~a{ed prope~ty the Mortp~o~ sh~ll ~~ve ~~d~~~e nance ~hercnf by Ra~t tht Morts~~ee ~iw! ~At M~r~Rasee mste prc?of of loss d the came ~s not made p~omptly by tht ~latss~a. In eveni r,f (ure~ln~urc of ~ a - . . ~ E~eK2~ r~a~~~~4~0 ~ ~ . x ~ : - - y a~` - ~ F ~ :