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Home My WebLink About2036 • ~~{Zl)~I111•I~. \1.1~~~15 th.~1 il Il:i• \h~rt~.s~,nt ~h.~il ~::~1~~ thr ~1~,rtgagr: lhi inJ~htr~lnr•• r~iJ~nrrd M.i C~f1:1111 ~?I~~tI11~~~~I~ O~~l~_,~'1 NiuC~i (}l~ I~,I:~~H~rl~ ~t'. ~~~~f.1~ ,tn~ II~ufC~ 3 tftlt ~~~j?Y l~~-~?Il ~ i ~ ~ i~ Flo~da August 17. ~974 s :~.,q~s _n . FOR VALUE RECEIVED I ~`O"'"` ~r ' ~o ~he o~d~~ ot MORRIS NAHMIA~~iid _~Z~.~E~.T , , an p o~ether with i~terosi ` the principd wm o~ FIVE THOUSAND NINE HUNDR D - thereon trom date ~t the nte ot ten pcreenl, pu annum antil matu~ity, both prine~pd a~d ~ntereat bein6 payabk in lawful moeey ut the United Stata at 2244 Biuayne Blvd.. Miami. Fbrida. w~t weh othe~ plaee a~ t1~e hddus htteo~ may dai~ute ie wtitin6. i Principal and interest pay~sle in in~Wlmenu ~s ~ollow~: _ ONE HUNDRED TWENTY-FIVE ($125.00) DOLLARS per month beginning on the lSth day of Noveaaber, 1974, and continuing on the 15th day of each and every monCh thereafter until paid in full. Th~s note may be prep~id ~n whole or in part a[tec one yeu [rom the date heceot upon payment of a penalty equivalent eo f~ve Perceot of the p~ineipal sum prep~~d. ~ f.~ch in~ullment paYment shall bt credited fint on the interest due, and the rem~inde~ on principal; and intrK~t :hall tbrrr- upon cease upu~ the principa~ ao credited. Th~ makers and rndonets o( thi~ note (urther a~?ee to waive demat~d, notice oI non•payment and pwtest, ~nd in thr ~vent suit .lull be brought tor the collection hcceo[, or the ame has to be eollected upon demand ot an attorney. to pay reasonabie attorney's trr. (o~ makin~ such collection. D~tened payments hereunder ~hall Aear interest at the rate of tcn pereent per annum [rom maturity until ~aid. 7'hia note it acured bp a nwttp~e of even date herewith and 'u to be comtrued and enforced accordu~g to the laws of the ~~ate af Fl~xida; upon de(wlt in the payment of principd ~ndlo~ intu~st when due, the whole sum of pnncipal and interest rrm~inin~ unpaid ahdl. at the option of ehe holdc~s, beeome inunediately due ~n p.r.~~. ~ _ ~ zL~ (SEAL) (SEAL) ar~J shall perfotm, cumply ~~th and ahidt by each and ever~~ the stipulations, agreements, conditions and cove- nants uf ~a~d ptumissory nute and ~~f thi+ dced, then this deed and the estate the~eby cteated shall cease and be null and void. l. The Mortgagor hereby covenants and agrees > payablc 6.~~rtue o( sa~d om~ssory note aod th~s ' (a) To paY ~~~R~1~r the pt+nc~pai an1 int~rc~~ an3 v~hcr sum~ uf mone • Y P~ deed. or e~thtr, promptlY ue the day~ resprch,riy the .amc .r.rra!t. hriumc~ Jue. (bl To petmit, canenet or suffer n.~ ~aste e~d i,~ ma~nte;n !Re ~r^pn+~rments at al! t~mes ~n a statt o( good repa~r and eond~tion, and to j t1o or pecm~t to be dca+e to sa~d prem~ats nothi~g ~hac .:ii ..:ter .x change the ase and cha~acter of sa~d property or ~n any way ~mpa~r or ~ reaken the secunty of this murtgaRc. -\r.d :n .e~c cf the rcfu.al. neglcct or :nao~lity o! the Alortgagor ~o repau ar.d mainu~n sud proper- } ty, ~he A4ort6aEee may, at h~s opt~on. ma4ce su~h rrpu~. o~ ~eu~c ~he ~amr t, be made, and ad~•ance moneys m that behalf. ~ (c) To pay all and singuiar the taae~. a~~c.+ment., lce iec, !;ab~itt~e+, and obhR+uons ot every nature on sa~d desenbed property each and evety shen due ana payable ac.nrJ~ng to Id`~. hrip(( thcy become delinqurnt, and to ~el~ver to the Mort6a6et oe ot befae I?lsrch lSth ot ueh yrae sax rece~Pt~ e~~dea~~np the pa>Tcr.~ ~s e~} fa.~::!!~ ~mpo~ed taaes for the precedinE calendar year, to ~ndemndy the Atatja6ee upon his dcmand (or ell ta«+, a~~cscmcn:~ ~na :^arRC~ enat may he a~~castd upqm th~c moctgngc on tAe ~ndcbtedness cured hereby, and pa~d oy ~~~ugs~. +:~h,wt rc~c~rd to ~r;y Ea~ heretofore enacted ~u hereafter w be enacted imposm6 ~ayment o: tht rAole M any ~art thercof up~n thc \t~~r;gagrr. (dl To pay ~11 and singular th~ co.t.. ~h~cEc~ anS e~~.-n.c., ~ncl~~~ng la~yers' ierr. and absttact costs reasonably ineutred nr pa~d at any ume bY thr ~1or~gagre brc~u~e ~~t the f3llufE oc ~hr ;ari of ihr \lortg~gor to prrform, cemply ~~th aad ab~de by each and rvery the supul~uons. a6recmrntc, cond+t~on. nn6 :~~~rnan!s ~e~1 pri,mi+s~•!y notc er~d th~c decd. cu ti~htt. and t~ery sucKpaYment shall btar ~ntcrest ftom datc at thr ratc nf tcn ~IIY<1 pc~ .~r.~~_m r~cr ;nnun;. (e) It is tur~hu coren~.'._ snd asreed by aa~d pu~~es ih~~ ~n the eveni o( a suit be~n~ anat~wted to to~ectose this mortp~e. the Alat- p~ee shall be entitled to apply at :ay ~imc pendina cuch farectnsure su~t to the caut 6~vin~ jurisdict~on thereof ta the ~ppointment ot ~ reteirer of all ~nd ~in{ular ~he mort6aded Propcrty, and of all rents, ~ncomes, ptolits, i~sues and revenues thereo(. fros ~rA~boever souree derived; aod thereupon ~t ~s hereby expcessly covenanted aad apeed th~t ~hs Court sA~lt totthrritl+ apPoint sucb teceiver rith . tbe uswl po~ren and dut~es o( receivers in like c~ses: and s~id •ppoinuaent shall be eude by the court ~s ~ m~tttt o( sttiet titl?t 10 tAe U/or~~a~ee, and ~i~hout reterence to the adequacy or inadequacy o! the value o( the propcrty hereby mort~a~ed. o~ to tAe solveocy or insol~enty ot the Mort~a~ors or any other yarty defenZant to sucA suit. The Morta~~or hereby spec~fic~lly raives the ri~ht to object ~o the ~ppointment of a receiver as afore~aid •nd hereby expressly consents th~t such sppo~ntment sA~ll be sade ~s ~n adoitted eQu~ty and ~s a matter ot ~bsolute ri~ht to che Mort~aiee and that the same nay be daee vithout notice to the Motts~~a. If faeclosure prxeedin~s should be ~nstituted as~in~t the property covered by tAis eartu~e upon any oMer lien or cl~im rhelAer ~ alle~ed to be supetior ot junior to the lien of this morta~se, ~he Motts~~ee nuy at h~s optioe immedi~tely upon ~nstitution of such suit ~ ~ ot dunn~ tAe pendeacy tAcreof deciue ~h~s mort~ase •nd tAe indebtedn~~s secured hereby due ~nd pay~ble fathrith snd mar atiis i - optioe proceed ~o foreclose t6~s mort~ate. ~ (~1 Th~t the Matp~or vill keep all resl and person~l property nor a Aerufter encumbered by the 6en o( tNis mort~ase ~nsured ~s may ` ~ be requited troa~ time to tiise by the MorttaLee a~~inst loss by i~re, windstam and other hatards, c~swlties ~nd contm{encies tor such ~ ~ penods and ia not less tA~a such amounts as msy be reQu~red by ehe Mort~a~ee and to pay prompt{y when dut •11 prem~ua~s for such ~ inswanee. The unounts ot iiuurance requ~red by the Moresiaee sAsll be the min~mum ~mounts (ot vh~cA ssid ~nsutance shal) be ~rntten and it sh~ll bs meumbent upon the Mort~~~or io m~~ntain such addiuona! insuranct as eeay be neeessary to meet and canply fullr vrith ~11 eo-insus~ece requitements conta~ned in said policies to the end that the s~id Mat6a~or ~s not ~ co-insuror theteundet.lnsur~nce sA~ll be nritten b3 ~ coa?p~ny or comp~n~es approved w des~gn~ted by the Mwt~a~ee and all pol~cies aed rtoe~r~la tAertof sA~ll bt held by the Matptee. All detailed desi~na~ia+s Dy tAe Mor~~~sor wh~ch are accepeed Dy the Morl~s~ee and all yrcesents bet~ecn Mort~~~or and Mott~atee rel~t~n~ to insur~nce, no+r ea~stm~ or hereafter made, sh~ll be in rrr~t~n~ ~nd sh~ll be s part of this mat~aae ~~reeoeet i as (ully as thou~h set fortA verb~tim here~n and shall ~overn both parties hereco and the~r auccessors aad assi~ns. No lien upon any of ~aid polieies of insur~nce or upon any retund or return prem~um vrbich ~~y be pay~ble on the c~neellation or termin~tion thereof, sh~ll be {iven to otber than the blortistee, except by proper endorsemeet a(fiaed to such pol~cy and ~pprored by Mort~a{ee. Each policy ot - iasunnee shall h~ve attlxed thercto ~ Stand~rd Ner Ywk Mort~a`et Ci~use ~r~thout Contr~Eution, makin~ all loss or losses under ~uch oolier p~lrable to the MortN~ee ss ~ts in?erest may appesr. In the event ~ny sue~ or sua~s o( money becane p~yable tAereunder the ~lor~- p~te sh~ll hart the opt~on to rece~ve and applY the s~me on account o( tAC ~ndebtedness hereby secu~ed, a to permit the Nnrt~sEnr '-~1~-recei~e snd use ~t, or •nY part thereo(. r~~Aout thereby Wuvma or ~mpun~~ any equitY. ?~en, or n~At under and by ru~ue o( th~. mottp{a [n event of loss a pAysical damaie to tAt mort~ascd ptoperty the Mat~saa shall j~~t ~mmednte nouce thercu( by ma~l t~~ the M~xl~~iee und ~he Mor~Ra`te may malce ~xo~~t of lo+~ thc ~ame ~c not madc prumpily by the ~lorteasa. In erent nf (ure~lr..~re ot ' " BO~K PA~E ~Oe)V ~ , - ~ s~ ~ a - ~i'~~~~ _ . ~ _ . _ ~~~e _ _ - . W .