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Home My WebLink About1962 . . . ~ ~ic.j ~ PROVIDED, ALWAYS, that if the Mortgagor ahall pay unto the Mortgagee the indebtednesa evidenaed by a certain promiaeory note of which the foliowing ia words and figwea is a true copy tawit: . f ~ ~4~t~'~~G . ~ _ ;__~~22~.00 Fnrt p~ xce, l~b~iJa Seutember 26 , ~~4 ; }tllt V.~LI~E NE:CEI~'F.l)_ WE~ jO1Rt1~1 elld severally, promi:e tu pay ~ tl~r urdrr o( _ PAL~I.INE WOLF - - - th~• principal •um of ONE THOUSAND T4~ H~1N~ D - aR RO , qR.ti, together with interr:t ~ thrreun frum date at the nt~ uf t~n pen•~nt, pe~ snnum until maturity, buth principal and inl~rest k?ring payable in lawful mon~~~ uf ~h~~ 1'nited ~tatr• at '~'3~W Biu•a~nr Bh.d., \liami, Flurida, ur at such other place as the hulde~ hercu( may designate in writing. I i'rincipal and intere•t payable in in•tallmen~~ as follows: ~ FORTY ($40.00) DOLLARS per month beginning on the lSth day of t November; 1974, and~continuing on the 15th day of each and every , month thereafter until paid in full. ~ i This note may be prepaid ~n v?~hole or in part aftet one year ftom the date hereo[ upon payment of a penalty equivalent t~~ ~•i~l~l p~•n•~•nl u~ Ili~~ prin~•ipal :urn pn•paid. f:ach in~lallmrnt ~?aym~•nt ~I~all l~e credited fint on Ihe interest dur., and th~ rrmainder on principal; and interr~l ~hall lhrrr- ~ uE~on ~ra~• upun th~• prinripal •o ~•~rdit~~d. Ti~~ mak~rn and rndorr•n of thi. not~ turther aKn•e to waivc demand, notice of nun-payment and prutc.l, and in the ev~nt ~uit ~!~all IK bruuKht tut tl~r coll~~ction h~reo(. or the same has to be colleet~d upon demand ol' an attomey, to pay reasonable attorney~~ i fu~ making =unc ~ullrctiun. i I)~f~rred paymcnt~ her~under ~hall bea~ interr.t at thc nte of ten percrnt per annum [rom maturity until paid. ~ "I'hi~ nutr i~ ~ecurcd hy a morlga~e of even date h~rewith and is to be constru~d and enforced accord~nR to the laws ot the ~tatr of florida: upnn default in th~ payment of principal andlor interrst whert due, the whole sum of prin ipal and int~rest rrmaininR unpaid •hall, at the option of the holderc, become immediate d~n payable. ~ . ~ . l'~y~t (~EAL) ; . ' ~ ~ ~ ~>r:n~~ ur~d b~ kler K Tendrich. All~xn~~-~ - 2'240 Niccayne Nlvd.. Miami. Florida - ~ Pr~E Y P and shall perform, comply with and ebide by each acxl every the atipulations. agreemeata. conditions and covenants of said pmmissory note and of this deed, then this dced and the estate thereby created shall c~se and be null and void. 1. The Mottgagor hereby coyenants and agrees: , lal To p~y alt aod singular the prindpd and interest and otha sums of mooey WYable by virtue ot aaid promis*orY oote aod t6is desd. or either. ` P~'o~Y aa the daya reapectivdy t6e aame severally beoomea due_ ` 1 bl To psrmit. GOmfNL O~ !OHl~ Il0 MaSL! aOd W mi1~I~l[1 ~I1! llOpfOYB~OCe a~ aU ~lIIl!! 1~ ~ BULE OE gOOd Il~l~ iD~ C~1Lldl. and w do or pennit w bs ~ done w said pnmises nothin8 that will a7ter ar ch~ngs the use and c6itader of s~id propertY or ia sny way impair or wedcm tAe ~snaity of this ~ morcgage. And in use ot che retusal. ne~eec or inabilicy of cl,e ~lortgagor co rep~ir and mai~aia said propertr. che Mortgagee uo~y. ~c his opcioa make sucA reR~iro or ause tLe same to be m~de, and advanoe moneys in that beh~lf. - ! lel To p~y dl aad angular t6e tau~. as~esamcnts. {evies. liabiEtiee. and obiigatans of every ature on a~id dexribed propercY e~c6 and evecy w6en dae ~ ~ P~Y+~ ~~°8 w 4w. before chey beoome ddinqua~t. aad to ddiver w tbe biortgagee on or before MarcA Ibt6 ot each ye~r tu *eoeiPts ~ ~ evidenciog the p~yment ot ~114wfuily impoeed taus for the preeedins talend~r Ya~r: w ida~mity the Moetgage~ upoo his ~nd fat dl te~ss. as~sss ments ~nd durges tlut m~y bs as:sscd upon thi~ mortg~gs oo the indebtedness sec~ued hereby. aad paid by the morgagea, wichout regaed to a~r I~w f hsreWfae ea~tted or heeafta w be en~cted imposin8 WY~ ot the whoie or any part tLeeot ~4on the MortB~ges• ~ ; Idl To p~y dl ~ad aingu4r tLe costs. charges and e:pma~. inctudio8 4wyvs fees and absuact oosta re~sooabl~ in~ured or paid at any tims by the Mortgagee beuuse of the failure m tbe p~rt of the Moccpgor to pafarm. aomplY wit6 ~nd abide bp e~ch and every the ~tipulatiuns. ~reememts. oonditiaos ~nd caven~nts of a~id promiasorY aote u?d thn desd. or ather. ~nd every wch p~ymeot atull ba~r interest fmm date at t6e nte oi ca~ 1109~1 P~ cent~m P~ annum. ' t lel It i+ fiuther oorena~.ed and agrecd bY s~id Pvties clut ia t6e event of a sait be~ng inatituted W torecbec thi+ morc6~8e. the Mortgagee ahali be ; enticlsd W apply at aay time pa~din8 such toreclosure a~it w the oourt 6~`~°8 juri~dict'ion thereot [or t6e ~pQointment of a reoeivv of all and srogulv tbe ~ ~8~8'~ ProPMY. and ot all rmts. inoomee. profits. i~suea ~nd revenues thaed. Erom w6acaoeve souroe derived: aad thaaiQon it is heteby ezpresstjr ( that the Court al~ll farthwit6 appoint aed reoeiver wit6 the uwal powes and duties ot reoeiven in L'ke cases: aod wid appoioRr ~ ooveo~nted ~nd ~geed f mant ~ha0 be msde by t6s caut ~s ~ macter ot ~triet riabt to the Mort~~ee, and withoot ee[saoos W the ~deqaie~ ar indequ~er of tLe v~hr ot th~ pes P~'~Y ~Y or W t6e sdvmep or iasolvmeY of the Mortgago» ar tny ot}br qrtr defeod~nt w weh ak. The MartBa~o~ h~rSbY sp~if j ically wtives ths ri~t W object w the apQaiotmot ot ~ reoeiwr ~s atoresaid and heeeby a:p~essty oonseots th~t etuh appoiot~osk s1r11 b~ m~d~ as an ~dmitted equity aad ~s ~ matter oE absolute rigAt w the Mortgagee and tbat tde s~me m~p be done without notiee to the Mortgagor- Itl If to:eelosure proceedin8s al~wld be in~tiwted against the propaty covered by thi+ matgage upon any other lien or eLim wheths~ alk~ed W be wpaior or junior w the lien d thi+ mortga~e. the Mortgagee m~y at his option imooediatdy upoo institutioa o[ sueh suii ar duriog tLe paodeocy tbereot ~ dedue thin mortg~ge and the indebtednees seeured hereby due and paya6le tortb.rith and may et iu optiuo pnoeeed W foteclo~e chis mortg~gs. ~ i`~ ~ ~ 1 g I'I~t che Mortgagor will keep all real and pueon~t ProPKSY now ~ 6aeaRa ~nwmbersd by t~ lieo of thia mortg~ge inw~red u m~y bs cequf*ed 6em f ~ time to time by the MatgaBa ~S~inat loss bY fire. windstorm and other Msa+ds. casualties ~od oontingeecies tar sueb period~ ~nd far not iess th~n ~ weh attwut~ts as m~y-be required bp the MortBnSee ~nd to WY Pro~Y wAm due a0 pnmiums for such inauraoca 7Le aanunts ot inn~raooe eequired ~ by the Magagee shall be the minimum amount~ tor ~6ich eaid imuraroe eh~U be wriuen aad it ehaU be incumbmt upon tLe Mortgagor to m~inL~in wrb ~ro additioo~l ins~va~e as may be neoes.wy to meet aa1 eoa4~Y ~7 with all eoi~rour~nce e+equiranwts ooot~ined in said poliae~ w the eod t~t tAe aaid Mortg~gor is oot a oo-insuror thereunder. I~suranoe s6a11 be writtea by ~ company ar oompaniee appmved ar de~ign~ted by t6s Mort6a(pe~ aad aIl poli- ciee and renewals thaeof slull be held by the Mortgagea All detailed daign~tions by the Mortsagor wbich ~re ~aepted by tbs Mortgag~e and d1 ~~e~ rt~enta between Mortgs8or and Mortga8ee rdatin8 w insur~nu. aow eaating a Mieaftc mde. sbdl be in writing and a6aL be a part oi this matgaae nu agreemeat ~s fully as tJwugh xt tortli verb~tim herein ~nd ~hall govun both p~rties heroto ~nd t6eir suao~+ors ~nd usi~s. No lien upon any of said ~ policies of irountte or upan ~ny refi~nd w return pr~dniam which atiy be p~yabk on tbe canoeHatioa ar tarmioation ths+of. s6all be given W oth~ th~n tbe ylortgsgee. ezapt bY P~PK endorse~nent affi:ed W auch potity and appmved by Mortgagee. E~cL poticy of inwranoe shdl hnre af5~d tl~ento • Sund~rd New York Mortg~~ee Qau~e wit}aut Contributioo. wkiag all loss or losses under such P~Y WYabls to tlw 1ltottgagx ~s ita ioRaea~t m~Y ~P pev. In the evsnt ~ny sum or aums ot mon~y become paysble thereunder the Mortgagee sh~U h~ve the optioa to reaive and apQly th~ aime oo ~ooo~mt ot the iodebted~ h~eby ~ecured. or to permit che Moetg~gor w receiw aad uee ar ~ny p~rt therwf. wnthout t!?ereby wdvi~ or imp~itio~ an7 p~d' ti. lien, or right w~cer and by virtue ot thu mortgage. In event of bss or pRysinl dam~~ W tbs morti~8~ p~~tY ~~~i~t ih~ll ~w imm~at~ ~ l eooK ~32 ~1962 ~ ~ , . - ~ ~ ; , ~ _ - ~.~~~.~~`~x~,~'^~~-' • . r . ~