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PROVIDED, AI.WAYS, that if the Mortgagor shall pay unto the riortgagee the indebtedness evidenced by a -
certain promissory note of which the following in worda and figures is a true copy tawit:
1
~.st~ ~ 7~.~ti i
= 3,825 .00 For,
C,~,~Pi.e. rce______~a;da . Julv 25 , ?9.74 ~
;
, fOR VA~UE RECBIYED WE, jointl~• and severall pwmae w pay ~
to ehe ord« o( _ W~-TER BERGEI~ a~•TL1I-IA BEI~GER, s wi e .
' the principal sum of''HRFF 'FHOIISAND ET ,HT ^~~~TD~~ T~~T~'Ft~ L• .~ethet with intereal
thercon t~on+ date at the r~te ot tee perceet. pet annum uetil matutity, buth pnnc~psl and ~ntcrest beint payadk in lawtul moeey uf ~
~he United ~tates at 2244 Si~cayne Blvd., Mi~mi. florida, ~x ~t wch othe~ plate u the holders hereof may desi;nate ~n r+ritina.
Principal and ietcro~t pay~d~e in inaWlmenu r(dlows:
•
EIGHTY-FIVE ($85.00) DOLLARS per month beginning on the lSth day of
October, 1974, and continuing on the 15th day of each and every month
thereafter until paid in full.
This no~e msy be prepa~d m whole or ~n part aftec one yeu from the date heceot upon payment ot a~ena{ty squivaleni
~n f+ve #?ercent of the ptmeiDal sum ptepaid.
f.uh in,ullm~nt paymeet ~hall be creditcd firat on thc ~ntenst due. and i#~t rtmain$tr os princip~l: ~nd inlrK*1 ~~~I thr~e-
upon ceas~ upun the pnncipat so cted~ted.
Th~ m~kers aed ~ndone~s of this note fu~ther aaree to waivGdem~nd, not~ce o[ non-payment a~~pw~r. ~nd in thr event uuit
a re
,I~all br broughl tor thc cdlcction hereut, or the s~me has to be collected upon dem~nd o[ ~n attorn to reasonable attorney s ~
(~r• for mak~ry~ such coll~ction.
peten~d payme~u he~eundet ahall bear intereat at the nte ot ten percent p~r annum Irom maturiq until ~aid. ~
1'hi. note a eecund b~r a nwrt~ge of even dalt hetewith ~nd is to be corutrued and en[orced accordu~ to the lawe of the i
~ ~ute oi fl~~d~; upon detault in the payment o( Principal andlo~ interat when due, the whde rum o( p~ncipd and i~tered ~
~rmainin~ unpaid ahdl. ~t the optioe o( the holdee~, become immediately due and payade. ~ ~
~ _ S/~ , ~r (SEAL) ~
1 ~
~
S ; ~"/r.~. (SEAL) ~
and shall uerform. comply with end abide by each and every the stipulations, agreements, conditions and covenants
of said pmmisaory note and of this deed, then this deed and the estate thereby createci snaii ceaae anu c~ uuu n.w .+.,w. E
1. The Mortgagor hereby covenants and agrees:
1~1 To pay all ~nd aingu4r tlx principal and int.erest and oWer sums of monry p~Yable by ~~irtue ot ~aid promis.+ory note and this deed, or attKr. ~
PromDdy oa the days respectivdy the ~me seve~ally becoma due_
16) To psrmet. eommit or sufta no wute and W maintam t6e improvemente at all time~ in ~ etate of 8~ repsir and cond~tion. and w do or permit w be ~
doce to s~id pranixs nothiog that ~cill ~Iter or change the use and cluracter ot said property or in any way impair or w~eeken the secority ot this t
mwtgage. And ia cax of the refu.+al. negkct or inability of the Mortgagor to repeir and maintain said Property. the \fortgagee may. at his option. make '
~ such repairs or tawe the eame to be rtude. ud advance moneys in that behalL `
` ic1 To pay all and ~ingular the u:e~. a~es~mente. levies. liabilitiea. and obligations ot every nature on said dexribed propercY e~ch and every when due
~ and paYable acoording co law. before t6ey bernme delinquei?t. and to ddivei w the I?tortgagee oa or betore I~t~rch lSth of each year tu reoeipts
' e.~dmcing the payment of all 4wfully irt~ed t~ea for the preceding akndar yess: w~demnifY t6e MortBaBee ~Pon his demend tor all tazee. ~ssess
A ments and c6ugea that msy be ~sxs.~ed upon tAis tnortga6e m the indebtedn~s secured hereby. ~nd p~id by the morgagee. s+ithout regud to any Lw
~ heretofore eaeted or hea+~ftu w be enacted imposin6 WYa~ent of che whok w any put theceof u~on the tdortgagee. _
~ Idl To p~y all and singular the cosu. chargea aod e:penses. including lswyer~ tees and abstract oosta resaooably inevrred or paid at any time by t6e
Nortgagee becau~e of the f~ilure on the put ot the Mortgagor to perform, eomply ~rit1? and abide by each and evcry the stipulatioa~. agreetnents.
~ oooditione and tovenanta oi a~id promis~ory aote and this deed. or either. ~nd e~rry ~ueh psyment shall beu intecest from date at the nte of ten I 10'~01
per ccntum per annuta
Iel It i~ fu:ther rnven~oted and agreed by nid parties that in the event of a suit being i~tituted to forecbee this mortgrge. t1~e Mortgagee shall be
entitkd w apply at any ~ime pending such foreclosure auit to the ooure 6svin8 jurisdictan chereoi far tde appointm~t of ~ reedver o( all and singuLr the
macgaged propertY• and of al! Rnta. inmme~. profits. issues snd revmues t6ereof. from whataoever eource derived: and thaeupon it is I~eby e=pres+lY
rov~~ ~ agreed that the Court s1uI1 torthwith appoint aueh recziver +rith the usual powas and duties ot receivere in like c,~ees: and aaid appoint-
ment shall be mede by the court as a mausr ot ~trict right w the Matgagee. and wit6out reterence to the adequ~cy ar inadequ~cy of tbe value oi tbe po
P~Y ~Y ~B~B~ or w tLe solvm~y or insolveay of the 1~faftgagora or any otl~er party defead~nt to auc6 s~rit~ '!be Mortgagor hsceby apeeit-
inUy waives t6s right to objeet w the ~ppointment of a reoeiver as atore.+~id and herebY ezp~easlY owueots that sudi appoiatiaeot s6d1 be m~de u an
admitted equity snd as a matter d absolute right to the Mortg~gee and chat the ~ame maY be done witl?wt notice w the Mortgagor.
~t1 It toreclosurc proceeding~ shouW be inatituted ~geiast tbe property cove~ed by thi+ mortgage upon any other liea or cLim whether alkged W be
superior or junior to tbe lien ot thie mortgage. the ~tortgagee may at his option immediately upon im~titation of sw.b auit or during the peodency theceof
declare this mortgage and the iodebtednes~ xcured hereby due and p~ya6k forthwrith ~nd may ~t its option prooeed w torocloee thia mort8~6e-
~
- Igl'Ihat the Mortgagor will lceep all real and peraonal property oo~v or her~fter encumbered by the lien ot this mortgage insured as msy be re4uired from
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time to time by the Mortgagee agaicut lo~s by fire. windat,ore° ~°d ocFrr h~zard+. cuualties and contingeneie~ for such periods sad for not leas tlun
1 prsmiwns tor ~ch insurance.'I'he amounts of insurance requved
such amounta as msy be required by the Mortgsgee and to p~Y P~~P~ y~chm due tll
~ by the ~lorgs~ee ~iull be the minimum amounte tor w!?ich eaid imurance slull be written and it shaU be ii?cu~nb~t upon tbe Mortgagor to maintain wcb
additioaa{ insur~nce as may be neoeawy w meet and oomplY fnllY with dl oo-uuurance requiremmta oontained in uid policies w t6e end tJrt the a~id
Mortgagor ie not a co-insuror thereunder. Insur~nce ~Mll be wTiuen by ~ company or oompanie.+approved or design~ted by t6e Mortg~~ee aad dl pdi-
~ cies and rec~ewaL~ thereot shall be held by the Afortgagee_ All detaiied designstiom by t6e Mortgsgor which ~re ~coepted by the Morcgagee and a11 a~
mente bet.reen ~f ortgagor and Mortgagee ~dating to imuru~ce. now esisting or here~ft~ made. shall be in writing and ~dall be ~ psrt ot thie matgage
agreemeM as fully as thoug6 xt torth verb~tim herein and shall govern both partie~ hereto and t1?eir wccessoro ~nd ~signs- No Gen upon ~ny oi xid
~ poL•cies of in+urance or upon ~ny refund or returo praaium which may be Peyable on tFrc cancr0atan or Lerminetion tl~ereot. s6~U be given to other tfua
~ the Nortgagee. ezcept by proper endorsement affi:ed to such poFicy and ~pproved by :~fortgsgee Eac6 policy of insurance aMU Fuve af6=ed thseW ~
Stand~rd New York Mortgagee G7aux without Contributi~. nuking all loss or losses und~ such policy paY~bie W the Motiga~ee as its i~er~st anay ~P
~ pev. In the evant any ~um a sums ot money bernme payabls tfareunder thc Mortgagee shall have the option co reoeive and ~pp1y the same on aooount
of the indebtedness hereby xeured. oc w permit the Mortgagor to recdve and use it. or ~ny p~rt thermt. wEtMnt th~eby w~iviug or imp~irioQ auy eQui-
~ ti. lien, or right under and by virtue of this mortpge. In event of {os~ o~ pdysiul dam~g~ w the mortg~ged propsrtY tbs Mort~agor shail giw imm~at~
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BOOK2~0 PACE~~~
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