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Home My WebLink About0875 ~ . ~ ; PROVIDED, ALWAYS, that ii the Mortgagor ahall pay unw the Mortgagee the indebtedneae evidenced by a ~ certain promieaory note of which the tolb~ving in ~vorda and C~gurea is a true copy tawit: ~~~s~t '~itc ~ = 4~,450.00 For„ t Plerce_____.FI«;~. _ July 3, ~9._.~ ~ T - o~omi~e a wy l~UK V ALUE KlA.b/ ~ bU - ~ to the orde~ oI ARTHLIR JAC~BY - wT o~ D D F FT S[id O LI.ARS. to~ether with inteaesl ~ thereoe ~wn+ date at the nte o( tcn perccnt, pst ~nnum uetil matutity, both prin~iPV and inteKat bein~ pay~bk in IaMrlul moner u~ ~ the Ueited ~tata ~t 2244 Biuayne Blvd.. Miu~i. Florida. ar ~t weh othe~ ptaee ~s the hdd~ ~O~ ~^~k ~'riu^~. Prineipal and intcre~t pap~bk in inaWlment~ r tdb~+~: ONE HUNDRED ($100.00) DOLLARS per a~nth 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 in whole or in put after one yeu lran the date hereof upoe payment d a penalty equivalent eo f~ve perceat of the principal sum prepaid. :~s ~s-=~~~ ,.~,~~~r~t rhaU t6ere- - FytFl IO~tallment paynient shatl be ~cedtteA i~nt on ine inie~cs~ aa~, ~nu w~ .a....~.....-. r------r-'• - upoo «ase up~?n the principal so credited. Thr m~kers and ~~dorsen of this note turthe~ a~ee to M~ive demand, notice oi non-paymen~~'p%~. and in thr event wit ,ha~~ be brouRht tor thc cdlcction heaot, or the ame ha~ W be eollected upon demand o[ an att to ~eawesbk +ttornry~ * (ke> (or mskin~ wch cdlectioe. ; Deferred payments hereunder shall bea~ interest at the ~ate of ten percent per annum i~om maturity until Faid. l~hi~ not~ is acured by a nwrtp~e of even d~te here~?ith and 'u to be conatrued and eoto~eed aecocdu~ to the IaMrs oi the ~ ~tate o( Fl~ida; upon detault in thepa ytnent of Prineipd andlo~ inttred Mrhen due, the r+hok w~m ot pnnc~pd and inte~e~t ~ ~rma~nina unpaid thdl. at the option of the holdee~. become imn?edi~tti~? du~ yab~ = ~ ~SEAL) (SEAL) aad ahall perform, compty with and abide by each and every the stipulations. agreements. conditions and covenants of said promiseory note and of this deed. thw t}ris deed and the estate thereby created ahall cease and be null and void. 1. The Mortgagor hereby oovsnante and agrees: lal To pq dl and dng~d~r c6e prindpd ~nd ioterest and other wms of moneY P~Y+~ by virtue ot eaid promi~.+ory aote and chis deed. or e~t6er. P~'o~Y aa tbe daya ~peetirdY t6e s~ms ~everallY beoomes dua . ; Ibl To permit. oommit or suHer oo vqete aod to maint+tin the improvrmente at ~U time~ io ~ state of good ~ep~ir and oondition. ~nd to do ot permit w be ~ done W a~id ptemiaea oothiaH t6ac will aker or chaoge the uae and cl~rackr of eaid ProPertY or in aay way impair or vreaken the sec~ity af tLis ` mortgag~. And in ase ot tds refustl. negMet or inability ot tLe Matgagos W~pair and maintain said property. che Mortgagee may. at his option, make ~ sue6 reQ~iro or ause che aams w be m~de. ~nd advanoe moneys in that beh~lt. te! 1b p~y all wd singular ebe taz~. asses~ments. leevias. tiabilitiee. aad obligations ot every nawre on eaid de~cribed psaperty e~eh aod evary when due and p~yabls actording to law, before t6ey becoa~e ddinquent• a~ eo deliver to tbe Mortga~se on or befae March lbth of eaeh yev. ta= reoeipts ~E ~ P~Y~t of ~ll l~wfully impwed t~ns for tbs pceoeding alend~r yev: to idea+nitY tbs Mortgagee npon his d~aod tar dl tasM. aiMSr awot~ and e6v~ t6at may bs asswsd apon this mortgag~ ao ths ind~btedcsa sx~ed iw~eby. and P~id bY t6e morgagse. witLout reg~rd W aoy Lw hentofae ea~eted or here~tter w be az~acted Lnposiog WYmaot ot the whoie or any part chs'euf upon the Mat8~8~- Idl To p~y all aad singular t6e cost~. clurges aod ~ses. inchdin6 4wyers' teee and abetr~et oosta ~aaeooablJ inevrred or paid at any time by the Mortgs~ee becaax of the failure ~u t~ N:rt 3.` L~e'..'Iorigagos tc pgform. cnmplY ~ith aid abide by e~eh and evr~Y ~~P~+~ ~ condidao~ and ooven~?ts ot nid pomissor7 note and esis deed. or ather. and every suc6 p~ymeut shdl be~r iaterest from date ~t t6e nte ot ten 110961 per oentwn par annum lel It is turther aoveo~ded and a8reed bp ssid P~rties that ia tbe evcnt of a euit beiog instiwted w foreclo~e this mortBaSe. the Mort8~6~ eotitled w~pply ~t any cime pading sueh foreclosure auit to tbe aourt h~ving juriadictaa ther~eof tor tbe apQointmeot ot a recaver ot all and smgul~r t~s ~ ProPtrtY. ~nd of all reots. inoomes. Profita• iseuea aad revenues thereof. fmm whatsoev~ eouree derived: aad theroupon it is hwelry ezpresely oo~renu~ted ~nd sgeed tbut ths Caurt slull tort6wiW appoint we6 reaeive with t6e uwal powrers ~nd duties of ~eo~iv~s in }ilce eases: aod s~id appoi~ meot s6a11 bs made by the eanrt as a co~uer of ~triet right w the Matg~~ee. and witbont refareaos w the adequ~ey ar i~dequM.y of tbe wk~s of ths pe~ P~Y ~7 ~tB~B'~ or to ths solvax.7 u* insolveoc7' ot tLe Mertg~gors at any otlier puty defeod~nt to weh suft. T6e Mortgs~rx 6ee~sb! speeif' ially waives ths right W objeet w the appointment of a noeiver u afaaa~id ~ hseby ezpre~iY ooosents t~t sud~ appoiatmeot ah~ll b~ m~d~ u aa admiued eq~aty ~nd as ~ matt~r of absolute right w the Mortgagee and that tLe name m~y be done witl~wt notice W the Mortgaeo~. Ifl It faeclosuro prooeadinaa sbould be instiwted ag~inet t6e propatY cavend bY this mortg~gs t~pon ~nY other lirn or eWm whathr a1le~sd W b~ super"ar ar junior w tbs Gm ot thls aartga~e. the Mortgs~ee m~y at his opcion immedittdy upm inrtitation o[ sueb wtiC or during che peodeocY thereof decLre this mortg~ge aod tLs indsbtednas aeeured heeebY due and payable fathwith and may at iu option pcoossd w foreeioss thi~ mortgys. ~ 1 g17~t the Mortgagor wiU keep all red and penond ProPKtY now or hereaRer ~a~vmbsied by the lien of thi~ mortgaee ia~ured s~ m~y bs requirsd Iram ~ time w time by ths Mortgagee s~aiast bes bY ~ue. wiadnorm and other A~s~d~. asualties and oootineeoci~s for we6 period~ ~nd for not INS t~n ~ such amounts ~s mty bs required by t6e Mortg~gee ~nd W WY P~PUY when due all pr~mium+ tor sueh insunnoe. The ~a~ounte aE iww~ooe re~Hired ~ by t,he Morga~ee sh~ll be t6e mi~wnum amount~ for whic6 a~id i~urance ah~ll be writt~ aod it sh~ll be ioeumbent ~pon the Mortgagor w m~inuin web ~dditional innva~e as mpr be neoeseary w rneet ~nd oomVh' fu11Y witl~ dl oo-inaunoce ieqairene~s oont~ined 'm said policie~ w the aod tL~t tbe rid Mortgasor is oot ~ oo-insuror tl~a:+~~a. Ia~vanos alMU be wrium by a compmy or oomp~niee appwved ar deo~ced by tbs Moetg~es ~nd dl poli- cies aed reaewds tlxreof shall be Aeld by the Mortg~gee. All detailed desi~atioris by the Mortgagor whic6 ~rs acoepted by the bloctgagee ~ad rJl agea ma~te betwee~ Mortgsgor and Mortp~es relating w imuram. oaw ezisting or 6eie~it~ msde. sh~ll be in writiag and ~lull be a part ot tl~ mortgys egrceraetu ~s fully as though xt forth verb~tim herdn ~nd shdl govern botb p~rcies deteto ~nd their suooeseors and ~i. Na liea upon ~n7 ot aid n policies of irourance or npon any refuad or return prerniam w6ich ms~ be p~rable on ths canoeUstion or termination ttrreo~ sh~ll be ~veo w oti~r th~n t,he Mortgagee. ezoeP~ bY Proper endoraement affized to wc6 poticy ~nd appmved br Mortgagee. Each polky of i~urano~ s6dl hwe at5sed tMareto • ~ Stand~rd New Yark Mortp~ee Qause wit6out Cootributan. m~kin8 dl loss or losses under sush P~Y Wribls W the Mo~tgag~e as ita inte~e~t may aP pear. In t6e event any sum or sums o[ mooey beoome pay~Ws t6awind~ the Mortgasee sh~ll I~ve tl» optioo w reoeiw aod ~pply cbt wn m aooamt ot the indebtedness hereby ~ccurod. or to permic the Mortgagor w ~eceive ~nd use it. or aay part tbereof. ~rithout thereby waiv~ or imp~irie~ anY a4W- ti. lien. or ri~t under and by virtue of this morcga8e- In event o( lwa or PhY~inl d~m~~ to tbs maRi~B~ ProP~7 ~11 pw imm~diata ~ BooK~O Pac~ 875 - . _ - . . ~ - - - - - - ~ ~ _ ~ . - _ ~ ~ a