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Home My WebLink About1322 ~ Y _ ~ ~ •~t. i • PROVIDED, ALWAYS, that if the Mo~tgagor shaU p+ty unto the ;1lortgagee the indebtedaess evidenced by a certain pmmis~ory nMa of which the toUowing i~ words and figwes is a true copy tawit: ~ ~ ~ F~~~e~~ July 13, t9_ 74 , i 5 , 825 . 00 ___.~__~Fto~d. FORVALUERECEIVED WE, jointly and severally, proa~i~e~op.y , ; ~o ~ti~ ~r _ HERMAN L . - ~ the p~nc~pal sum oi EIVE THOUSAND ~IGHT HUNDRED TWENTY-FIVE an . , co~ether Mith i~ceres~ thercon twm datc ~l ihe ate o[ ten pcteent, pe~ an~um until nuturiq, bMA pdncipd and intcteet bei~ p~y~bk ir lawt~l n~a~tr ui ' ~he Uaited Stata a! 2244 Bi~carne Blyd.. Aliami. Flo~id~. or at wch otbet place as th~ lwldus 6a~wt dssi~n~k M`"^~'^i. Principal ~nd inte~e.t pay~We in inatalln~mu ~ toUo~n: ONE HUNDRED TWENTY ($120.00) DOLLARS per month beginning on the lSth ~ ~ day of September, 1974, and continuing on the 15th day of each and ~ every month thereafter until paid in full. . ~ ~ _ t Th~s note msy Se prep~id ~n whol~ in pa~t aftet one yeu from ~Ae date heceof upon payment of ~ penal~y equivalent t8 t~ve percent of the pr~ncip~l sum prepaid. ' Each in-tallmenl psynient shall be ~redited C~nt on the intsrtst due, and the remainder oe priuc~pd: and interr. t:~hall there- upon reas~ upun the principal so eredited. ~ Thr make~s ~nd ~ndoners oi this note (utth~r s~ree to waiwe demand, notice o( ooo•payment and protest, and in th~ evenl wit ,lull be bwuRht tor the cdlection hereoi, or ti+e same has to be collected upon demand oi an attomey. to pay teafonable attornep i t~r. (or makin` wch eollectiow. DeErrred paYmeots heteunder shdl bea~ interes! at the rate oi ten peaent pe~ annum iroat m~turitp until paid. Thi.+ notr is acueed by a nwrt~e of even date herewith and is to be cautrued and eefo~ced aeco~d~ to the la~rs of the ~tat~ ot Elnrida; upon dctwlt in thepa yment oE Principal u~dlo~ interat ~+l~en duc. the whok w~m ot p~+M'~Pd ~~^k~ rrmainin` unp~id shdl. at the optio~ of the holde~s. becon~e nnmediatelp due and p~y~6k . : v (SEI1L) ~ ~ ' ~ (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 crested shall cease and be null and void. T 1. The Mortgagor hereby covenants and agrees: lal To p~y a11 ~nd singular the priocipd,and interest ~nd other wm~ of money p~r~6ie by ~vtue of ~id promis~ory note and this deed. or either. ~ promptly on the daye resNeetively the sune severally becomes due. ~ I b? To permit. commit or auffer ao .easte ~nd to m~intaia t!?e improveaients at aII timea in a state ot good repair aad condition. aad W do or permit W be doae to said premixs nothin8 thas .`ill aher or c2unRe the use and ch~raaer of s~id propert~ a in any way impair or weaken t6e security of tbis ~ mo~tgage. And in cax of the refia~al. negkct or inability oi :he ~lortg~gor w repair ~nd maiutain s~id property. t6e ~tortgagee m~y. ~t his opcio~ mal~e such repain or u~e tde aame w be m~d:. ~nd advsnce moays in tlui behilf. Ic? To pay ~11 ~nd aingular tDe uzes. asxsements. kvie~. liabilities. and obligatioa~ ot e.rry nature oa aaid desaibed propetcr e~ch and e~ery w6en due and p~pabk acoordii?g to Iew. before they beoome delinqumt. a~i to ddiva to tha alortgagee on oc before bfarc6 lSth ot eac6 ~rar caz reaipt3 evide~~.•g tl~e p~yment of all lsw(ulty imposed tazes tor tbe preoedins aknd~r ye~r: w ide~nnify the Mortgagee upon hi~ dem~nd tor all tazes. asaess menta aad elurdes t6at m~y be aves,xd upon this mottg~ge oa t6e indeWeda~s aecured haeby. and p~id bY tAe m~r~a8ee, w~clw~~ regard to aay law heretofore enactedor h~re~Rer to be enacted imP~~B WY~~ of tbe whob or any pat th~eof upan the ~tort8~6~- idl To pry ~1! and singular the costs. charges and e~ea+es. including 4wyer~ teee and ~bstnct ooesa reawr.~bly incurred or psid at any cime by the !lfwtgagee because of the failure an the pact of the Mort~gor w paEorm. oomply with and abede by e~ch and evrry the atipul~tnoa+. a~esoeata. ~ oonditiom ~nd cm~eaaute of sid promis~ory note wd tha deed. or either. and e~~ery wch payment s~all be~r inteee~t trom date at t6s nte of ten 110961 per centum per annum. lel It ie furtl~ ooveaanted aad agre~ed by asid parties t6~t in the event of a suit being i~tituted w foreclove clus mortgs8e. the Mortgagee shaU be entitled w~pply ~t ~ny time pending such fomclosure suii w tbe co~ut ha~iag jurisdictioa thereof for the appointmatt of a reoeiver of a0 ~nd smgu4r tAe ~8~8~ ProP~tY• and of dl rmts. i~+. Proti~+. isauee ~nd revmues thereof. from w6atsoewr aource derived: and t6ereupoo it is hsebp esPK~Y cm~eaanted and agreed that the Caut shsU focthwith appoint such reoeiver with the u~l oowaa wd dutie~ of reodvers in like c~ses: and ~id appoi~- ment ah~U be m~de by the court u~ m~tter od striet rig6t w the Mort~ee. and withont refereac2 to the ~deq~~ey ar inadequ~ ot the atiloe of the po- P~Y ~?Y ~B~B~- or to the solva+cy or insolveory of the Mort~gon or any othet party detmd~nt W wch auic. Tl~s Mortg~or 6MSby sp~eif- inUy waivrs ths right tc object to the appoiatc~ent of ~ reoeiver ~s ~fores~id and hereby ezpRSSIJ oonsmu t.Lat soeh appotntmmt ~Il be ma~ ~s m admicted equity ~nd ~s a~atter oE abeolute right so the i1lortgagee and that tke ~me m~y be done witbout notice w the Mortg~gor. ~tl If tocsclwure proc+eedinga ~hould be insciwted ag~inst the pcoperty cove~ed by this mortge~e npon ~ny oclur lien or cl~im wtiether alleged to be superior ar junior to tbe lien o( thie mortgsgie. tlr ~tortgagee may at hi~ option ima~ediatdy upoa ioatitatian of wc6 auit or during tbe pendmcr t6ereof declue this rtvxtgage and the indebtedaea+ secvred F~e~eby due ~1 p~y abk torth~rit6 and may at its option prooeed to forecloae this ~oortaaBe- I g 17bat t6e "llortgagor w~ill keep all real aad persoud propMY now or hereafter an~vmbered by the lien of t~i~ mortg~ge iawred ~s may be required from time w time by the Mertg~gee ~gaicst bss by fire. wudetam ~nd ot6er hszards. caaualties ~nd oontiageocies fac such p~iods ~nd for ewt ksa tlre wc6 aaounts a~ may be requirod by the btortgagee and to WY P~P~~Y wAeo due all premiua~ (or s~ch insunnce. '!be amouMS oE insuraooe reqai+'sd by the Morp~ee sM0 be t 6e minimum amounte for which eaid imurance slup be written aad it shdl be innuabent upoa t6e J~lortgasor to m~intain such additiorul ins~aance as may be neoeawy w meet and complr tollr witb dl oo-iniw~oce requiranent~ oonuiaed in s~id pdicies w the ead th~t the s~id !1lortgagor is not a oo-iru~uor t6ereunder. 1 asunnce ahell be written by a oompany or oomp~nies approved ar deeigoKed by t6t Mortga~ee u~d ~11 poli- cies and re~rw~la thereof sha11 be hdd by the tiiortgagee. AU detaikd deaig~utioas bY t6e Mortgaaor which ~r~e ~caepted by the Mottgagse aad dl ~Bee ma~u between ~ioctgagor and Aiortgagee rdating w im~ante. aow eziacing or Me~tter m~de. stull be in writiog and e6a11 be ~ part ot tFis mortg~ge agreement as fdly as thoug6 xt torth verbatim Msin and ahall go~^ern both p~rtie~ hereto and their ~uooeseors ud as~s. No lieo upoo aq of said policies ot inaunnce or upon any rehu~d or returo premiwn which may be p~yabk on the c~e?ceSetion or tamination theieot. e6all be giveo w otMr than the Mortgagee. euept bp P~oPer endonement atfized W such poticy aod aNpro~ ed bp titortgagee Each polity of irour~nt~ slull E~vt affised th~tW a Stacdard New York Mortg~gee Claux withou: Contributiou. mak,ng aU ks~ or loaxs under ~:ch P~Y W)abk to ehe Mortgagx n its ~ot~est m~y ap~ Pesr- ln the evaK my ~um or sum~ of monef beao~ne paYabb tbereunder the Matgsgee shall Fuve t6E optim to reaive ~nd ~pplxthe same oa ~ooount ' ot the indebtedness hereby x~vred. or to pamit thr Mortg~gor eo receire ~nd use it. o~ ¦or p.rc c~.ot. «;c~w„c en«eby...i.~ or ~p.~rins.nr ey~i- ; ti lien. or rigAt u~er and by virtue nf thi+ mortgage- In eve~ of bss or PAYsiul d+m~Se ~~~i~6~ P~oP~Y ~~~S~Sa ~~~'e im~a~diat~ BOOK ~J~ PAGE ~ ~ . s - _ _ ~ y=~~-~_ ~