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Home My WebLink About0164 1• j + . PROVIDED, ALWAYS, that if the Mortgagor ahall pay unto the Mortgagee the indebtednesa evidenced by a certaia promisaory note of which the following in worde and figurea is a true copy tawit: ~ ~~~y~ ~ ~ . _ ..3, (l50 _ 00 ~or~ Pierce , F1o~d, „ Julv 13 . 1~_74 ~ _ ~ s cnov~~~~coc~-c~vrn WE. iointlv SRa severallv. oromi~etuwv ~ ~_EItF1A~1 ~tU~-TR - - - - - _ _ _ ~ - - - to thc ordet of the pnecipal wm oI THREE THOUSAND F eR t1o~ ppLL!?RS. to6ether with inteteat the~eon (rom date ~t the t~tc o( ten pcrrenl, per annum until maturity, both prineipal ~nd intsrat beit?R parable in lawful mo~ey ut the United 5tatea at 2244 Bisc~rne Blvd., Miami, Florida, ot ~t weh othe~ place u the hdders heeeof may desi~ate in wtitin~. Pnncipa) and intere~t pay~ste in inaWlme~u r ldlow~: SIXTY-FIVE ($65.00) DOLLARS per month beginning on the 15Ch day of September, 1974, and continuing on the 15th day of each and every month thereafter until paid in full. Th~s note may be prepaid ~n wAofe or ~n put after one yeu from the date heceof upon payment of a penalty equ~vale~t to f~ve percent of the principal sum prep~id. - E~.h in-ti33r~ni p:};ment ~a!! ~ rrc~ii~d iit~i ~r. i.s?~ ::.t~:~si d ihe temairsder ~n ~rrincipal::nd i~ltrr~t ~h:!! thrtr- upon cease upun the pnncipat so c~edited. Th~ m~k~rs and ~ndone~s o( thie note furthc~ agree to waive demand, notice of non-payment and pwle~t, and in thr eveot suit ,lull b~ brouRht (o~ the cdlection hereoi, ot the same has to be collected upon dem~nd oi an attorney. to pay ressonable attomey'a frr. for makiry~ such collection. ~ De(~rred payments hereunder shall bear interest at tfie rate o( ten pe~cent per aonum E~om maturity until paid. ' 7~his note is ~ecured by a nart~t ot rvcn date herewith and 'u to be coostrued and entorced according to the laws of the ~ ~~at~ of Fl~xida; upon detault in the payment of principd andlo~ ietaest when due~ the v?hde ium of pnncipd and interest KmaininR unpaid shall. at the option ot the holdcn, beeome inunediately due and p.yable. . c,tiC..~' -L ' L) , ~ l ~ r , , . ~ ~ J_ (SEAL) ~ . ~ . , and shall perform, :,omply 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 tt~ereby created shall cease and be null and void. ' 1. The Mortgagor hereby covenants and agrees: ~ 1~1 To p~y ~D and singular t6e priacipd and interest and otha sums of money paYabie by virtue ot eaid promin~ory note and this deed~, or sithar. promptlr on cne a.ys ~pxtivety che same xvaauy beoomea a~e. _ ~ 1 b1 To permit, commit or suffer no waats and W auintain the impro~•ement~ at all times in a state ot good repair and condition, and to do or permit to be doae W said premixa aothing that will eher or clunge the uae and chvsd~ of aaid property w in any w~ay impair os weaken the security of this E mortgaga Aad in uet of the refusal. ne~ect or inability of the Afortgag<x to repair and maintain aaid property. the ?~fortg~gee may, at his option, make ~ such repairs or uux the aame to be m~de, and advance moneys iu that behalf. ~ i t lcl To p~y ~ll ~nd aingular the tazea, as~essments, levies, liabilitie~, and obligacioa~ of every nature on asid desuibed property escs and every rrhen due i and p~yable accacding to law, before they beoome ddinqueat, aed to ddiver w the INortgagee on or befoce ~larch 15th of e~ch year tu ~eipcs ; rvidencing tbe payment ot all Lwr[ully impoeed tues for the preeeding alendar yesr: w idemnify t6e Mortgagee upoo his de~nd for all uzes, aases~- ' ~ ment~ and clurges that m~y be as~sed upoc tAis mortgage on t6e indebtedneas eecured 6ereby. and peid by the morgagce. wit6out regud to any law ~ herewfwe en~cted or hereaRer w be enscted impadng ptyment o[ tAe whok or say part the+eot upon the Mortg~gee. d ~ Idl To pay sU and aingutv the costs. charges and e:penxs. inctuding I~wyer~ tees and abstract oosts reasonaWq incurred or p~id at aay time by t6e ~ ~fortgagee beca~e of the failure m the p~rt of c~e btortgagoc to perform. complY ~vith and abide by esch and evrsy the stipulations, agre~nents. 4 ~ oouditioas and rnvenants of asid promieaory note and thiw deed. or either, and every sueh p~yment shall bear interat from dace at the rate ot ten 110961 per centum p~ anuum ~ lel I! ie further oo~~eo~nted aad sgreed by said p~rties that in the event of a suit being in~tituted W foreclose this mortgag~e, the Mortgsgee ahall be ~ eatitled w apply ~t any time pending such forecloaure wit to the Wure f~ving juriadictan tAermt [or the appointment of ~ reoe~ver of all and singular the ~+tBsB~ P~Y• and of a0 rents. inoomee. pr~ts. iesues ~nd revenues thereof. from whataoever aource derived: ~nd thereupon it is hereby e=prpaly ~ rnvenanted ~nd ~geed that the Caurt shsll forth~rith appoint suc6 receiver with the u.wal po~ras and duties of receiveta in like uxs: and seid appoint- ~ ment al~all be m~de by the court ss ~ m~tur of strict right to the Matgagee. and without refeicioe to the adequ~cy or imdequ~cy of the value ot t6e po- ~ pertY hereby matgsged, or to t6e solvmcy or ine~lvmcy of the Matgagors or ~ny ot6er partq detnndent to suc6 suit. The Mortga~ heeeby specit- iwlly waives ths right W objeet w the appointmeit of a reoeiver ~s afo~eaaid and heceby ezp~saly oonsmts tlwt such appoinuneot sF~ell be m~de as ~n ~ admitced equity and se a matter ot abaolute right to the Mortgagee and that tAe same may be done without notice w the Mortgagor. ~ ~f1 It torecbwre pror~dings should be instil.uted agtinst tAe property covered by thi~ mortgage upon any other lien ar cLim whetha alkged W be ~ superior or junior to the lim ot this mortgage. the Mortgagee may at his optan imrnediately upon institution of ~nch suit or during t6e pendency thereof declare this mortgage and the indebtednesa secvred heieby due end paysbk torth~rith and may ~t its option praaeed to toretlole this mortg~ vZ 1 g 171ut the Mortgagor will keep all real and persoaal property now or hereaher enwmbeced by the tien of this mortgage inwred ~a m~y be required from time to time by t6e Martgagee against {osa by fire. windstorm and other hszard~. caeualties and contingerkie~ ta such perioda and [or not less than ~ wch amount~ as may be Rquired by tbe Mortgagee and w psy promptly wrhm due all premiuau tor such inwrence. 7~e ar_~wnte of inew~noe requ'ved ~ by the Morgagee shall be the minimum anwunt~ for whith seid imurance shall be written and it sluU be i~+~+~~++beut upon t6e Mortg~gor to m~intain auch i additionsl iasunnce as may be neoe~,wy to mcef. and oomply fnlly with a!1 oo-inwr~nce requiranmia ooouined in said pdiaes to the end th~t the said ~ Mortgagor ia noc a co-inaurw thereunder. Insurance shall be wriua~ by a comp~ny or oompanie~ appmved or deaignated by t6e Mortg~ge,e ~nd aU poii- cies ~nd rer~ewals thaeof s6a11 be held by the Niortgagee_ All detai{ed deeigaatiooa by the ~lortgagor wLich are ~oapted by the Matg~gee ~nd dl aBec ~ menta bet+Peen Mortgagor and Mortgagee rdating W ituurance. now e~isting or here~fter made. ~hal! be w wricing and ahaU be a part of this mortgage agreement ~s fully sa thoug6 xt forth verbatim herein and shall govern botb pvtiea hereto and their woceesoro and as~s. No lien upon any of said policies of insurance or upon any refund or return premium which m~y be payable on the cancellation or tenniaation thereot, ~6tU be givea to otAer than ~ the Mortgagee, e:cept by proper endorsement a(fized w auch policy and ~pproved by Mortgagee. Eac6 policy of ineurance sh~il luve af6zed tLereto ¦ ~ Stand~rd Ivew York Mortgagee Clsuee without Contribution. m~icing all laes or loexe unde~ such polic3' WYabie to the Mortg~~ee as its interest may pear. In the event any sum or suma of moaey beoome payaWe thereunder the Mortgagee ehall have the option to reoeive ~nd ~pply the same on atao~mt ~ of the indebtedness hereby secund. or to permit the Mortgsgor to receive ~nd use it. or aay p~R thereof. w/ithout tbereby waiving or imp~iring any equi- ti, lien, or right under a td by ~irtue of tluw mortgage. In eveM. of bss or physial dam~ge co tbe mortgaged propsrty tbs Mortg~got shaU give immsdiate ~ ~ ~a : ~ ~ BOOK ~J~ PAGE 164 ' • ' ~ ~ ~ - - - ~ ; = ! J~ _ _ , _ , ~ . ~ - : =.FY~.rr ~ r.. . . ~ . , _Y ~ . a..r