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Home My WebLink About2595 ' , i ,l : i ; J i. i.~'~ PROVIDED. ALWAYS, that if the Mo~tgagor shall pay unto ~he Aiortgagee the indebtedness evidenced by a cenain pmmissory noce of which the followir~g in words and figures is a true co~r tawit: . _ _ _ _ ~r . ; July 3 ~ t~74 ` Z 3 0~ ' ~ fl1R VAI.IIE RECEI~'ED pwmiu tu pay ~h~ o~a~. ~r .~TxaAR n RR~WN an $Q33 his wif.g L ; th~ pnncipd wm ot ~HREE THOUSAND FIVE HIINDRED WENTY-FIVE a . , thet r+ith intereRt f lhrtton Irom date al. the ~ate ot ten petcent, per u~num until m~turity. both principal and interest beinR pay~bk ~n ~aw[ul moeey u( th~ l~nited ~tatts ~t 2244 Bisc~yne Bivd., Miami. Florida, or ~t weh othe~ place as t1~e holders hueof nur deaian~te in ~+ritin6. ; Pnncipal and intcre~t par~ble in in~Wlmenu a~ tollort: _ SIXTY-FIVE ($b5.00) DOLLARS per montli, for sixty (60) consecutive ; months, on the 15th day of each and every monCh, beginning on the 15th i day of September, 1974, and continuing until the lSth day of September, ~ at which time the balance shall become due and payable. ; 1979, ? Th~s note may be prep~~d ~n whole or in put a(tet one yeu Rom the date I~eteof upon payment of • penalty equivalent ; to fi.•e percent af !he pr~neipal sum ptepa~d. ; Each io-ullm~nt payment e~hall be c~edited fint on the interest due, and the rem~inder on principal: and intere~t J?all thrrr- upon c~tu upun the pnncip~~ so c~edited. Th~ makers and ~ndoreets of lhia not~ furthet ~tet lo waive demand, not~c~ o[ oon•parment and p~otest, and in thr ~vent suit .I~all k?e brought tor the collection hercuf, or the ume has to be collected upon demand o[ an ~ttomey. to pay re~conable :ttorney'~ (~r. (or maki~ such coll~ction. ~ De(erred payments he~eunder shall bear ~ntcn~t at the ~ate of ten percent p« annum Irom m~turity until paid. 7 h~. not~ i~ ~ecund by a mo~t~e o[ even date herewith and is to be comtrued and en[otced aceordin~ to the I~ws of tl~c ~tat~ o( Flrxida; upon dcf~ult in the payment of principd andlo~ intereit when due, the ~+hde ~um of pnM'~W~ i"d interest rrma~ninR unpaid shdl. at the optiw~ of !he holdc~s, bceome inuntdijatcly due and payaWe. SJJ ~'~~L;~r~~au.~~le~ - ~s~~~~ r ' CJ 1 5~~~~ L-ty-7~-~~~~ti..t ~ (SEAL) ~ and shall perform, comply with and abide by each 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 Mortgegor hereby covenants and agrees: lal To p~y all snd sic4tular the priacipal and interest and other sums of money payable by virtue of said prom?s-+orp oote ~nd thu deed, or eitMr. promptly on the days respeetivdy the same se~~erally beoomn due. ' 1 b 1 To permit. comr.ut or suHer no waste aod to mainqin tF~e impro~ ements at all times ia a atate o( good repair and condition. ancl w do or Permit to be done to s~id premiea cathiog that w+ill ~h~ or thangr tbe use and cturscter oi uid property or in sny ~c~y impair or w-eaken the aecurity of tiu~ ue ~I mortgage. And in we ot the re.'usal. negkct or inabitity of tl~e Mortgaxar to repeir ~nd maint~in said property. the ~lortgagee may. at his option. make ` ~uch repsirs or cewe tne seine to be msde, and ad~ ancr moneys in that beAalf_ Icl To ps~ all and singular the ta:es, assessments. levies. 6abiGties. and obfigations of e~rn• nature on said dexribed propercy esch and ever~ when due and payable atco~rd~ng w law• be(ore the) be~`~me del~n[luent. aed to deli~-er to the Stortgagee on or before. ~tarch I5th ot eacd year ?u receipcs evides~cing the p~yment of a111swfuly irt~po~ed tues [or the preceding caleedar yesr: to idemnify ehe Mortgagee upon hi~ demend tor all taua, asseas ments and chargea t6at may be a.•xsaed upon thi~ mortgage oo the indebtedness ~acured hereby. and paid by the morgagee. witMut regard to any law herewfore eaacted or hee~fter w be enact~ imP~+p6 P~Yment o[ the uMle or any part the~eof upon tbe Mo?tg+8~- Idl To p~y all ~nd eingu4r che cast~. charge9 and e:peoxs. including lawryers' fees and abstract coets reawnably i~cvrrod or paid ~t any time by the ~tortgager beaax o( tM tailurc on che pert d the Moctpgor to perform. mmp1Y with an~ abide by esch aod every the stipulatiom. agree~nrrts. rnrtditions u~d co~~eoanta of ~id promis.+orY note and this deed. or either. and every such paymeM ~hall bear iaterest from date ~t t6e nte of ten 110' ~1 per ceMUm per annum. lel It ie [urther rn~Y~rnted and agreed by sn~d psrt~es that in the e?ent oi s suit being instiwted w forecbse chis mortgage. the Nortgaaee shell be entitled w apply at any time pending such forer:osure suit to the ooa?t MvinB jurisdiction thrreof for the appoincmmt of a recei~~er of all ~nd singular tl~e mortgaged property, ud ot dl rent~. inoomes. Pr~t,+• ~aues ~"d reve"'xs tlkreof. from whstaoever aource derived: sad thaeupoa it is bereby e:pressly rn~ enanted and aBaed that the Court ~haU forthwith appoint such recriver with the uwal poxen and duties ot recdven in lite c~a~es: aed s~id appoin4 ment ah~U be made by the court aa ~ m~uer of `atrid rig6t to the Mortgage,e. ud witlwut i-eterence w the adeqivcy or inadequacy of the vdue of the pro- P~Y ~'Y ~8+8~ or w the solve?ry or ia~otvemy of che Moctg~gora or aoy otAer partq detendsnt to suc6 suit 11u Mortgagor 6aeby sgecif- ially mivea the right W object to the appoiota?a?t of a rooei~~er u aforesaid aad lrreby ezp~ly aonseau that suth appaintmeot sh~U be m~de as ~n admrtted equity and as a mstter ot abaolute right to the Jlortg~gee and that the ssme may be done without notice W the Moetgsgor. - It~ I[ torecloeure proceedings stwuW be insututed against the property covered by this nwrtg~ge upon any other lien or c4im w6etter alleged W be ~ superio~ or junio~ to the lien of thi~ mortpge. the ~lortgagee m+y at his oQtan inur~edutely upon institution ot such suit or during the pei?dency thereot ~ dec4re tlus mortgage snd the ~ndebtednes.+ seaued here~y due and Paysbie forthw~ith ~ad may at its option proceed to foreclox thia mortga8a y 1 g 1 That the Atortgagor will keep ell rea! and perwc~l propertp now or hereafter encvmbered by the tien of ehis :nortgage in~tred as msy be rsquired from time w time by tF~e Atort6agee ~Sain~t ioss by firr. windetorm ~nd.other h~zuds. asutlties and ooncingencies tar such periode aad for uot lea~ t6~n wch amoan*_s as rtuy be required by the Mortg~gee ~nd to p+Y P~P~Iy when due all preinium.+ (or such iawnnce_ 71~e ~mounts of iawraoce reWired by the ~forgsgee sMall be the minimuir. amounta fnr wiuch said imuram shell be written and ~t shall be incumbent upon t6e Mortgigor W m~iatain wd~ additiorul ins~vance u may be neoeswy to meet uid comply (nllY with all eo-v?surance requiranents oontained in said polides to the ead th~t the ~id ~lwtgago~ is not a co-insuror thereunder. Insur~nce ahall be writta~ by e compu~y or oomp~nia+ appruved or deaigneted by tbe Mortgagee and all pdi- cies and renew~ls therco( sl~all be held by the Nortgagee_ AU det,siled desiRnetions by the Mortgsgor which ase ~coepted by the Mortg~gee and all ~ge~ menu betviceen \tortgigar and ~tortgagee rdating W inwur~nce. now ~isting or Mre~tur made. shall be in writing and ahall be a p~rt of tli,+ mortg~ge agreemeM as tdly as thougb xt torth verbatim t~dan and shdl govem bo:h p~rties hereto and thar sxceaaoro and as3igns No Gen upoa any of xid policies of insurance or upoo ~ny refund or returo premium which mey be psyabk on t6e canceIIation or termination thereof. s6~ll be given W othtr than the Nortgagee. e=crpt bp proper mdo~sea+ent affi:ed w such policy and approved by Mortgagen Each pdiey oi irouranoe shall have ~t5sed tl?ereto • Seandud \ew Yorlc ~tortgagee Qaux without Contribution. making ~U loss or Ioexs under such poticy p~y~ble to the MoRgr~ee ~s its int~test may aR psr. In the t ~ent any sum or sums of mooey become p~Yable thereunder the Mortg~gee ~hall have tAe optioo to reoeiw and appiy tbe sune on ~coount of the indebtedness hereby ~ecu?ed. or t~ Pen+?it the Mortgagor co receive and use it. oc any pert thereof. w+ithout thereby waiviug or imp~iring wY equi' ti. lien, or right under and by ~irtue of thu mortgrge- In eveM ot loss or physical dam~ge W the mortgaged propstY tbe Mortg~gor shall give immsdiate EGCK~29 PACf2595 ~ . . _ - - - ~ ~ ~Y ~ ~ . ~ ~~;~t ? b-.~ .