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Home My WebLink About0836 ` ~ . *w • ~ ' PROVIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the indebtedneas evidenced by a ~ certain promiasory note of which the foUowing in words and figur.es ia s true copy tawit: f ~ ~ , s3~825.00 Fo_rt i~rce, F~a;d, . September 5, 74 FOR VAI.UE R IVEI) ~ ~~}C.~„- pwmise w pay ; ~~o~h~o~«o~. IRVING~. Sr an EL .~~is wi e ~ the pri~cipal sum of ^,U~ THnL14~ND ETGHT HtTNDRED TWENTY-FIVE AND D~ A. lo6ethe~ with interrsl : thereon (rom date at 1hr rate of 1en pcrcenl, pe~ annum unti) maturiq, both principa) and interest being payable in law[ul money u( ~Ae United 5tatcs at 224~ Biseayne Btva., llliami, Florida, ot at wch other pl~ce a~ the holders he~+eof nuy desianate in writi~- Principal and intere~t paysble in in~Wlments n followr ~ FORTY-FIVE ($45.00) DOLLARS per month beginning on the lSth day of November, 1974, and continuing on the 15th day of each and every month thereafter until paid in full. ~ Th~s nott may be prepiid ~n who{e ot ~n patt aitet one yeac from the date hereof upon payment oi a penalty equrvalent , i~. f~ve percent of the principal sum prepaid. Each in•taltmen~ paynient shall be c~edited tirat on the interest due, and the remrinder on principal; and intrn~t ~hall thrn- upon ceasr upun the printipal so ctedited. The m~kers and ~ndoe~ers o( this note turther agree to waive demand, notice ot non-payment u?d protest, and in thr event suit .I~all be brouRht [or thc collection he~euf, o~ the aame has to be ~ollected upon demand ot an attomey, to pay rtasonable attorney'~ ~ I ~ ~rr. [or mskina such cdlection. ' De(ened payments he~eundet 9ha11 beat intereat at the rate of ten peree~t per annum [~om maturity until paid. ~ 1'hi+ not~ w ~ecurcd by a mort~fge oI cven date hercwith and ia to be cons~ed and enforecd a~co~du?g to the laws of the -~tate of l~lnrida; upnn deitult ie the payment of principd andlo~ inte~eat whee due, the whde wm of prineipl and intecest rrmainin~ unp~id shdl, at the option ot the holdtts, bccome immed'utely due and payaWe. - r _ ~ . ~ ~ -s-- ~ r.~ (SEAL) ~/,1~7 ~ ~f ~j / ('~1~~~'~ (SEAL) . and shall perform, comply with and abide by each and every the stipulations. agreements, rnnditions and covenants ~ of said promisaorY note and of this deed, then this deed and the estate thereby created shall cease and be null and void. s 1. The Mortgagor hereby covenants and agrees: ~ 1~1 To pay all u~d singular the principsl and intereat end olhersums of moneY WYabk by virtue ot aaid promisaay rote ~nd t6is deed, or dther. promptly w che d.ys ~esPectivdy che same xverally bcoomes due. - 1 bl To permit. eommit or sufter ao ~sste and to auintain the impru~ ements at aU trmes in ~ state of good rep~ir aad condition. snd w do or permit w ba ~ ' done to said premixs uotttin8 that wiU ~Itv or c}unge the use aod clrr~etu oi said P+aP~Y or in any w~y unpair or secaken the aecurity of thia ~ ; mortg~ge. And in ax d the re(usal. negiect or inability ot the Mortgsgor to repair and mainiain said propertY. the Mortg~gee m~y. at his option. maloe # ~ sueh repain or eaux the same w be wcia and advmoe mo~oeYs in t6at be6~tt- { lel To pay dl and singuLr the uzes. assessments. leviea. liabilities. and obligatiow of every nature oo said deeaibed propertY e~ch and evesy when due ~ ~nd payable acoo~ding w Isw. before they become dd'u~quent. ~nd to ddiver to t6e Mortgagee o0 or befae D~+rth 15tb of e~ch year tu reoeipts S ~8 ~ WY~~t of all LwfuUy imposed tazea for t6e preoeding uknd~r Year: to idemnifY t6e Mortga6~ ~P~ his demand tor ~11 tazes. assess ~ me~ts ~nd ch~rgea that m~y be eaa~saed upon thia mort,ga6e oo the indebted~ns eec~aed herebY. and P~id bY the morgagee. witMut reg~rd to any law Aaetofore eo~cted w l~e~fter w be enacted imP~B WY~t of t6e w~hole or any put tAe~eot upon the ~tortgagee- Idl To p~q aU ~nd angular tl~e casts. charges and ~penxe. induding Lwyers' fees and abatrsctcosta reasooabty inevrred or p~id at any time by the !Nortpgee beeaux of the failure m the part of the Mortgagor W pertorm. oomP1Y with and abide by eacE and evrry tl?e atipulations. ~eea~ents• conditims aod oortinants ot a~id promissory note md this dead. or either. and every such p~ymenc shdl bear interest from date ~t the nte of ten I10%1 per esatum per amum. - lel It ia fivt6a oo~YUSOced and aereed bY ~id Pert+es t~t in the eveot ot ~ suit beiog imtiwtsd w faecloee thi.+ mart8+~8e. t6e Mortgs~ee °ha11 b° eotitled to ~pp1y ~t any time pendin8 sucd forecloeure suit W the oourt havin8 iuri~dictioo thereof tor the appaotme~t of a rxaver of all and su~gul~r ths mortgiged prupe~ty, and of all renta. inam~, P~ ts• issuea and revenues t6xeo(. from w~ataoever aource drrived: ~nd thera~pon it is hsaby e:pres~lY coveoanted and agroed tlut the Court shall torthwi W~ppoint ~uch reoeiver with the usual poxae ~nd duties ot reca~ers in iike wes: ud said ~pQoin4 meat ahall be made by tde eourt aa ~ mauer of strict right to the Mat~~ee. and without referenoe w the adeqn~er ar in~deqwey ot the wt~e ot the po- P~7 ~Y or w t6e eotveacy or inaolvency ot tl?e Mortgagors or any other party defendaat w auch suit 1Le Mo~tga~Or he~ehf speeif- ially waives t6e right w objed w t~e appomtma~t of a reoeiver ~s ~toreaaid and 6e:ebY ~P~Y oooseots that wcb appomtmant slrll M made u~n ~ admitted equity and aa ~ metter of ~bsolute right w the Mortgagee and tiut the same msy be done wit6out notiee w the MortgagK. Ifl it torecloaun proceed+n8s should be instituted sgaio~t tl~e propercY coveied by this mortgage upon any otha liea ar cl~im whetliar alkged W be superior a junior to c6e lieo d this mortge~e. the Mortgagee m~y at 1us option immedistdy upon iastitution of sueh ~ait or during t6e peodency tl~ereot declare thi+ mortgage snd We indebtednesa se~vred haebY due and payabk forthwit6 ~nd may ~t its option prooeed w foreclose this mortaag~e. f g 171ut tbe !?fortgagor wiU keep all ceal snd penocuJ propertY now' or Aere~ha °ncu°~bered t~e 1~a of this matgaae i+wred es m~y be reqoved irom - e [or such and fo? not less th~o ~ time co time by the Mortgaga agaiast bee by fire. ~i~storm and other FLSUds. caw+~lties and eontingaries Paiods ~x~ wch amounta ss m~y be ~equired by t1rc Mortgagee and W PaY PromptlY w6m dir all premiums fot ~uch ~.~!ry~'Il?e amounts of i~ur~noe required ~ by the Morgegee shall be the minimum ~rtw~uKs for which said iro~uaoce a~all be written and it ahall be incumbeot upon the Mortgagor to m~intaL? soeb ~ ~dditionel imur~nce a~ may be neeeswy w meet aad complY IallY wit6 dl oo~imur~nce rcquir~ents oa?tained ia said policies w the e~d th~t t6e a~id ~'a' Mortgagor is not a oo-inaura thereunder_ ?nsuranoe a~ull be wrium by a company ar oompanies ~pproved or design~ted by the Mortasgee ~od all pol- ciea and rcnewals tl?aeof s6a11 be hdd by the riortgagee. All detaikd deaignations by the MorRg~gor which aro accepted by the Mortgagee aod dl agsr ~ menta between Mortgagor and Mortp~ee rel~ting w im~uaoce. now e:isting or here~tcer made. shaU be in writing and ahall be ~ part of thi~ mortp~e - ag~eement as fully as though xt (orth verbatim heran usd shaU govern botA p~rtiea hecew and thar suooeeeors and assigns No lim upon ~ny of aid poticiea o( insur~nce w upon eny refund or return prcmium which may be p~yable oo t6e canc~ation or tnmination th~eof, sAall be ~vm to ot6~ th~n ~ the Mortgagee. eueP~ bY Proper endorsement affized to such poticy uid ~pproved by Mortg~gee. Eaeh polity aE imur~noe shall 6ave af6zd ths~to a Standard New Yak Mortgagie Qause rrichoat Contributioo. making a!1 bas or to~ees under su~l~ P~Y W ribie to ths Mortgagee ~s its iocaee~t mRY ~P ~ pev. In the event ~ny sum oc sums of money beoome paysbie thaeunder t2~e Mortg~gee s2u11 have the option to reoeve and ~pp1y t6e wm~ oa ataonnt ot t6e indebtedreas hereby ~ecured. or to permit the M o?tg~gor to receive itod use it. ar auy pact th~aoi. w~ithout thasby waivitK or miy~irin~ an~y ~qai~ : ti. lien, or rig6t under aod by ~irtue of this rtwrtgage. In evtra or p6 rieal dam~t to t1+e moct;~6~ RaD«'~Y • ~ ~ a • ~ ~ ~ , . - - - - - - = ~ r~ ~ ~~w: ~q Yt :.~a r~~~~' ~ - 7 ~~;~Z"u~ ~~w ~ ~ . I ~ . .