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Home My WebLink About0905 ~ j • . . PROVIDED. ALWAY3. thet U the Mortgagor ahall pay unto the Mortgagee the Indebtednesa evidenaed by a oertain pmmiasory note of ~rhich the tollowing in words and tigures is a true copy to-wit: ~°~`g'` x°~` ~9~' ~ s 6 7 25 40 p;-~• ~O"d` - S~ p~omwe w p~r - ! , FOR VAI.UE R~CEIVEQ f to the orde~ of SnLTN~- ther with intereal L the pnncipal wm o[ SIX THOUSAND SEVEN HUNDRED TWENTY-FINE---- A•~O~ - thereon Iwn~ datt ~t the nte of tcn pereent, per annwn un1i1 matunty. botl~ p~~t~P+~ ~^d mtcrat bci~ p~yabk io law~lin ~^t, nt ~h~ Un~ted Stata ~t 2244 Bae~rne Blvd.. Miami. Florida, or at weh othet plaee a~ the i~ddas hereof mh? dai;n~ Principal and intertst pay~bk in installine~ts ~ tdlowr ONE HUNDRED THIRTY-FI be~$11974 )andL ontinuing onhtheel5thiday of the 15th day of Septe , ~ each and every month thereafter unCil paid in full Th~s note may bc prep~id ~n whole w in part after one yeu from the date heceof upon p~ya~ent of a penalty equivalent eo f~~e pe~cent of the pnne~p~l sum prepaio. - Each in~tallm~M payment Ehail be ccedited fint on the inteteet due, ~nd the remaindtr o~ principal: and int~rr~t ~hall therr- upon cease upun the principat so credited_ th~ makers snd ~ndoners~o( this note furthe~ a~ee to vr~ive demand, notice oi non•paymentotrna~' eo ~~~bte teomey ~ ,i~all be brouRht (or the cdlcction hereo[, or the ame has to be eolleeted upon demand o[ ~n at (rr. tor maki~ auch cdlection. Defernd parments hereunder ~hall be~r interest ~t the ratt ot ten percent p~r annum [ran maturiq until to the larva of the ' 7'hia note i~ aeured by a nw~ae of c~ren d~te hetewith and 'u to be cautrued and enforced aecordu~g ~t~t~ o( Fl~ida; upon de(wlt in thepa ynknt of principd andlo~ intmat when due, the ~rhde ~+m oE P~in~"W~ ~"d intcecN ~rm~inin6 u~paid ~hdl, at tl~e option o( the holden. bee°me imm~dia du~ a~d paysbk. ~ (SEAL) • ~ ~ ~ ( c ~ c. . (SEAL) ~ ' I and shall perform, comply with and abide by each and every the atipulations, agreements, conditions and covenants ~ of said promiseory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. i 1. The Mortgagor hereby covenauts and agrees: ` 1a11b p~y ~D wd anguLr the prineipal ~nd inte~est and otber sums ot mwieY P~Yable by virtue ot eud pcomi~orY eote aod thia desd. or ~thar. ! Pr'o~Y oa the days respeetivdy tbe ~me sev~al}Y beoome~ due_ . € 1 bl To permit. cam~nit or suffer no wute and w maintain t6e improvements at all wnes in a atate of good repair and conditioo. aod w do or pvmit to be 5 ~ dona W aaid p~smis~ nothiog tbat ~n11 alt~ or cbsngs the we and charactei oi said propercY or in any way impair or weaken t6e sscurity o~f this ; ~ mortg~ge. And in ase of the retuaal. n~lect or iaability ot t6e Mortgagor W ~ep~ir ~nd maiatain a~id propertY. the Mortgagce mty. at his option, maloe such repaira or uuss the s~me w be m~ds, and advanee moneys in th~t beh~lf. ~ 1e11b pay ~Il ~nd aingaLr tbs ta=es. useesments. levies. liabilities. and obligations of every aature on said desaibed p:operty e~ch and w~ wh~ dw and p~y~bk aeoordin8 to Lw. befae tdey beoome ddinq~xnt. and to ddiva W the Mortgagee on or betore March 15W of e~ch y~r tu reoeipts ~~6 ~ P~Y~~ d~11 Lwtully imposed taus for the preoeding alend~r Yerr: W id~nifY the Mort8s8~ ~ hie demsnd tor all tazer. as~ess mencs and ch~rges tJut may be aseeseed ~on thie mortgaee on the indebtedness see~aed l~seb~. and P~id bY the morB~B~• wit6out regard w any Lw haewfore en~cted or he~nRer W M en~tted impoan8 pyment ot tLe whole or any p~rt thereot upon tbe Mort8~8~ ~ Idl To p~y dl and singuLr the taets. cdar8es ~nd e~pens~. ~°~ud~°B 4~s tees and abatratt oo~te reasonaWl incui*'ed or pud ~t wy time by the ' Mortg~~ee beuax ot the tui~se m tos pari oi toe i~ior'~-ar w p~iarm. ea:..p3y vr.sh sr~ ati':!~ by eae1+ s»d every the stipalati~e. agraements. i oonditiaos ~nd ooveaants ot s~id promissorp note and tl~is desd. or eithe~. ~nd every wch pqmeac s6~p be~r interest from d~te at the nte ot ten 1109i1 ~ Par een[~ Psr a°°um. . lel It ie t~uther oovemnted wd ~Sreed bp xid Parcie° t~+~t in the event oi a auit beiag inatiwted w forecloae this moKgegs. tbe M°rt8sgee slull b° eatitkd to apply ~t amy time pmdin8 auch [oreclowre suit w the oourt h~ving juriadiccion thereot for the appointmmt of a eecdver of all and ~gul~r the ~6~8~ ProP~Y. ~ad of all reate. inoanes. Prafits. iesues u~d revenues tbereot. from whatsoewr source derived: aad t6se~on it is hee+~by e:p~elY covenanted and ~~~eed t~at ths Court sliall forthwit6 appoiat weh reeeiva ~rith the us~W powas and duties of reodven in like u~es: ~nd said ap~poiotr me~t shall be m~ds byY ths oourt u~ m~uer oi rtrict right w tbe Matg~gee. ~nd without refereaoe w tbe adeqwey ar inadeqwey oE the vaioe of t6e pro- P~r ~r ~s~• or eo cee .otvmcy o~ insolvmer ot t6e Moitsagors or.ny oth~ p.rcy aetena.oc w,neb wtc 'ibe Morcpgor hn.br s~[ iully waiver ths risDt W oDjeet w t6s ~ppointment of ~ reodwr u~faesaid aad beeeby e~Y oon~N tLat sucb appoiatmmt sh~fl b~ mada ai ~n admiued equity ~nd ~s a m~tter of ~bsolute rigf~t w the Mortgagee and chat t6e eame m~y bs doas witbwt nociee w t6e Mortg~gor. Itl If forecbaure prooeedin6s shauld be instiwted ~gaiast the property covered by thi+ mortgage uPon anY othar L'en ur elaim wl~etl~er alkged to be superior o~ junior w t6e lien ot this mortgags. the Mortgagee m~y at l~is option immedi~tdy upon inetit~tion ot auc6 a~it or during the pendauy thareof 3~ ~ decLre this awrtgage and the iudebte~ess ~ecvred bereby due and p~Yabie forthwrith and may at ita opReon ptooeed W forxlwe ' mortgaga Igl7bat tLe Mortg~gor wiU kxp ell real and persoc~l P~P~*~Y ~ or here~ftereoawibered by the bea of this mortgags ineurod ~s mty bs raquired irom tims w time by ths Mort~g~e against loa~ bY tue• wrindsto~m and otl~er h~suds. wu~ltiss aad oontingenci~s for auch periods ~nd far oot {ess th~n ~ y wch amounts as m~y be required by the Mortgagse and W P~7 P~PUY when due all premiume for snch insurmee. 7be ~mwncs oi insuranos ~equired ~ by t6e Morga~ee sh~ll be t6e minimum anounts tor w6ic6 s~id inearanoe shaU be writta? ~nd it ah~U be imvmbmt upon t6e Mortgagvr W m~intain soch additiood i~a~aaae u m~y be neoesaary w meet aad oompiy f~l~ ~it~ dl eoinsuram requiranente oonained in said polides to tAe ad tirt tbe s~id ~ Mortgagor is oot ~ oo-insura ttkceunder. lnnua~e aiull be written by a oompany ar mmp~nies approved or demgn~ted bY ths MortB~~ee aad dl pol'r cie~ ud renewals tfkreof sh~ll be hdd by t6e Mortg~gee. All detaikd de~ignstions bY the Mortgagor wLie6 aro aooapted by tLe Mortgage~ and aU ager ~ ments between ~tortgagor and Mortga~ee relating W i~nnoos. oow szistin8 or 6erekher mad0. a6a11 bs m writing ~nd ahall be a part of this mort~a~e agreement a~ tully as though set [ortb verb~tim Ikcein and sLall govern both p~rties hereW and tbeir wooessors and aseigu. No lian upoo ~n7 oi iaid ~ pdicies of irounnoe or upoo any refiu~d or return premium wAxh m~y be payable on ths treoeYatioa ar termination tliseof. ~6a11 be given to other th~n tlee Mortgagee. e:oept bY P~PK ~OL affi:ed w such po6cy aad ~pproved by Mortgagee Eath polic~ o~ insur~noe shaU h~w affi~d tbreW ~ y to t6s Mottga~ee as its inf~reet mar aP Stand~rd New Yurk Mortsa~ee Aause wichout Contribution. m~king ~01os~ or los~a ~ wch P°~Y P~Y~° ~ pev. in tbe ev~. any sum ar ~une ot money beoome paYabis tbtwnder tbe Mortgagee shall lrve tFx optim w reoeiw and ~ppiy th~ wm~ on ~oooant of the indebtednes.+ hereby ~e~vred. or w permit the Martga8or w receive aod we ar any part thaeof. w~ic6oat thsnby w~iviu~ ar imp~irin~ atq' ~9n~' ti. li~. or ri~t under and by virtus of this matgage. io evmt of los~ or PbY~al dam~i~ ~~~8~ P~Y ~~~i~ imm~at~ _ BCCK 230 PACE 905 • - ~ . . ~ : - - _ - . _ _ _ _ - _ ~ ` _ - - _ o_.~ ~