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PROVIDED. ALWAYS, that if the Mortgagor ahaU pay unto the Mortgagee the indebtednesa evidenced by a
certain promissory note of which the tollowi ia words and figurea is a true copy to-wit:
October 12 1~~ 74
4.725.00 _ Fort Pie c, Ftor~~z ~
tl1R YALUE NE(:l~:1~'EI)-- I - promise tu p~j
t~? thr ordr~ o~ _~BECCA SCHOFEL
~h~ p~im•ipal •um o( FO~THOUSAND SEVEN HUNDRED TWENTY-FIVE and ~ , togeth~r with inlere~t ,
therron from date at the rat~ uf ten pcrce~~l, pe~ annum until maturity, both principal and inirrcat being payable in lawful monr~ uf ;
thr Unitrd ~latr• at '.'.'~-~t Ri•cayne Blvd., \liami. Florida, o~ at r•uch othe~ place as 1he hotders herco[ may debignate in wriling. i
Principal and intere~t Nayable in imtaUments as fo~lu~rs:
ONE HUNDRED TEN ($110.00) DOLLARS per month beginning on the lSth~ ~
day of December, 1974, and contin~ing on the 15th day of each and
~ every month thereafter until paid in full.
This note may be prepaid in v?,~hole or in part after one yeat from the date heceof upon payment of a penalty equivalent
t~~ ~•iKl~l p~•rr~•nl of lhr principal :um ~~rpaiJ. -
F:~ch in~tallmrnt paymrnt •I~all Ix etrdited fi~ct un the interest due, and the rcmainder on principal; and intereet shall then••
uEwn ~ra.y u}wn thr principal ~•r~dited. ~
The mak~n and rndurrn u( this notr furthrr a~~ee to waive demand, notice o( non-payment and protest, and in the event_wit
>liall br brvught [or tl~r ~olleclion hereo[. or the same has to be collected upon demand o( an :t4trney, to pay reasonable attorney r
frr. fur making wch cullrctiun. .
I)~f~rred pay mPnt~ herrunder .hall bear interr~t'at the rate of ten percent per annum (rom matutity until paid.
This not~ ic secured by a morlgaR~ oi eve~ date hcrewith and is to be construed and enforced according to the laws oi the ~
~tat~ oi Florida: upon default in the payment of p~incipal andlor interest when due, the whole sum of principal and inte~est
, rrmaining unpaid shall, at the option of Ihe holden, became immedia ly due and pa abla
_ ~ ~ I~G , I~ (SEAL) .
. (SEAL)
Prepar~d by ~QKler dY Tendri~h. A~eorney~ - 224o Bi.~cayne Bl.d., Mumi, Flarids ~
and ahall perform. comply with and abide by each and every the stipulations, agreements, conditions and covenants
of sai
d pmmiasory note a n
d o
f t h is d e e d, t h
e
n t h is d e
e d and the eatate thereb
y created shall cease and be null and void. ~
i
. ~
1. T'he Mortgsgor hereby oovenante and agreea: .
lal To pay a~ and eiogdar t6e prindpd u~d interest wd other sums ot mooeY P~Y~ bY virtue of a~id proau~eay oote ~nd t6is deed. or at6er.
P~PVY ao the d~ys respectivdy the aams aeverally beoome~ due. i
'r
Ibl To permit. commit or suffer no ~raate and to mainfain t6e improvements at all tiaiq ia a state ot good es~it ~nd tooditio4. and W do or permit W be
ao~ w..ia p~e~s.s nocw~g ~.c .~u .tc« or c.~.n~ cbe we ana cn.~.ae~ ot ..~a ao~cr ot m.~,y ..ar i~.i~ o~ .~.teo cue .ea,~icy ot c~. ;
a
noortg~a And in uae of the tefural. negleet or inability ot the MoKg~gor W rep~ir and maintain s~d proparty. tbe Adortg~gse may. at bis option, m~los
j we6 reqirs or awe the sart?s w be m~de. ~nd advaooe moneys ln that behtt._
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Ic! To pay all and aingu4r the tazes. a~nts. kviea. li~bilitia. ~nd obligatiom ot evary nature on aaid described proprty e~ch ~nd evary whea dw
and paytDle atoading to law, befoce tl~e,y beoome ddinqueat. ~nd to ddiver to the Mortgagee on or betore Ma~6 15th of e~ch ye~r t~ reoeipts
~Wf ~ Pilrment of all t~wfully i~osed cazss for the pceoeding ulead~r year: w idemnify tbe Matsa~ee ~on his daoaod ta~ all tazes. as~e~?
maoLs and e6ar~es thd may M asses~ed upon this mortga~s oo t6s indsbt~d~s ssaaed 6arebY, ~nd P~id bY the morga8'es• witGout regvd to ~ny Lw
haewfon ao~cted or here~tter w be ea~cted impoing p~yma~ of t6e wMle or any put tha~of upon the Mortg~g~.
Idl To pq all and singnlar tbs eosts. ch~rg~s and mcpsases. includin~ I~wperi'.f~ss aad abdr~et co~i~ raa~anabbr inwmd or p~id at aoy tims by th~
Mortg~ps beause of the failure an ths part af the Mortgagor W Pertorm. aompdY with a~ abide by e~eh and every ths dip~datioos. ~g~amaots. •
oooditiaw wd aovenaots of a~d promissory note aod t~n desd. or either. aad every wrch p~Ymeot sluU be~r int~erest from d~ta at tbs nte of ten i 10961
par a~nturn pa annum.
lel it is turther aovednted snd agreed by said p~rties that in the event ot a suit beina imtiwted W forecbse this martgage, t6e Mortgagee sball bs
entitkd W~pply ~t any time peoding such ~orecclosure suit to tLe court l~ving j~risdiccion thereot tor the ~ppoiotment of ~ reoeiver of dl ~nd sin6ul~r ths •i
ore
~P~ Pi'oP~tY. and ot ~ll rents. inoome~. Pmfies. issvs~ and revmues thereot~ from wbatsosve sa~rae derived: and thereuipon it is 6r~by e~ra~r ~
rnveoanted ~nd agesd th~t tbs Caart ah~U fort6wit6 appoint wcL reoeiver w~ith the uwal powea and dutie~ ot reoeivees in like e~es: ~nd pid appoinG
mmt ~aY bs mads by the oourt as ~ m~uer ot ~uiet right w tLe Ma~tg~ae~, and withont nfanae w the adequ~ey ar m~deqwey of ths v~l~ of tb~ pco-
r~r ~'~7 ~B+~. or w c6s .olvmry or losol.~aky a c4e 11«t~gors or.~ abK p.rcy aahoa.nt w.ue6,~it. '1b.111ort~o~ h~br s~
iaLq w~ivM tL~ ri~ht w objeet w ths eppoint+mt of ~ roodver aa a(~id and Lereby a~xsaly aonsmta t6at wcb ~ppdatm~ot ~hall b~ m~d~ u aa
admitted equity and as a matter oi absoluce right W ths Mortgagee and th~t the same m~y ba done without notiee W the Mortga~.
IQ If [orecloeure prooeedin8s shou{d Ee inatitucsd again~ tbe property covered bY this moRB~aae Won a~' ather lim or eWm w6ech~r dle~ed W b~
superior ar junior w the lien ot this mortga~e. the Matgagee on~y at his optioa ima~ediatdy upon imtitvRion oi such suit or during the pendeoey thxeot
decLre tdis mortg~ge and t6e indeLcedoeas sxvred 6ereby due snd payaW~ focthwith and may at its optiao prooeed to [orecbss thir ma't;+p.
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Ig11Lat the Mortgsgor wi11 kaep all red aod persood property now or hee~ttu onaimbs~ed by ths }ien ot thia mort~ itwnd ~s mt~ b~ raquired irom
~ time to cim~ bq tBs Martgsaee agaimt lo~s by fire. windatarm and other h~sarde. casualtiss ~nd oo~otin~gemcie~ for sue6 perioda ~nd far not less t6~a
si~ch amounts as m~y be required by tbe ~Jlortgagee and w WY ~P~1 w6en due aII pnmium+ tor snes insiuanos. 7be amount~ of iaau~na nqaind
byr tbe Mocg,agee shaU be tLe minimum amounts tor which aaid im~saaoe shdl be writteo aad it ahall be ineumbmt upon t6e Mortga~ to m~intain snrh
additional i~uraxe u ma~ be neoeasary w me~t and oompty [u117 witb ~ll oo-irouranee roqu"vaneat.s oauained in said potieiea w t6e md th~t tLe said
Mortp6o? is not a oo-insuror thereunde~. Insrvance shall be written by ~ oompany ar aompanies ~pproved or design~ted by tAe Mortp~+tod aD pdi-
cies and renew~ta tl~eot slull be held by the Mortgagee. AU detaikd deeignstiow by the blortgsgnr whieh an seaepted by tLe Moctgages ~nd dl aBe?
meats between Mortgagor and Mortgagee c~ating W imtvance. raw ~istieg or here~fter made. abdl be in writing and sh~U be a put ot t~is mortpge
agreemcat ~s folly as tlw~g6 set fortb verb~tim hvan and shaU sovern both p~rties 6eeeW and tbdr wiaoae~on and ~ssigos. No lim upon an~ ot Mid
pdieies of irouranee or upon ~ny relund or re~uro preminm which may be p~rabb oo t6e ~tioo or terminatioo theteot. ahaU be givan W oth~ th~
tLe btortgagee, ezcept by proper endonanent alfued W such po6cy and approved bq b[ortgaaee. Each polky of inavsna dr116~ve ~f5~d tl~eto a
9taodvd New Yark Mortga~ee Qawe without CoM~butioa. m~king ~ll {oss or loa~es und~i wuh P~Y WYab1s W tM ~[oetga~es ~a ita iaRaes~t m~y ap
pev. In tbe ev~t ~ny sum or a~s of moaey beoome payabls t6erwinder t6e Mortg~gee sFuU 6~ve the option W reoeiv~ snd ~ppFy t1M am~ ao ~ooouot
of the indebtednese hereby secured. or to pern?it t6e Martgagor to receive ~od uss ar ao~' Part th~aof. withoat th~crby wdvi~ ~ imp~irin~ u~pr pnt'
ti. lien, or ri~t uoder and by virtue o( this matgage. In eveat oi !oa or p6ysieal dam~gs w tLs matg~g~d propaty th~ Mortp~ot s6~Il ~Iw imm~diat~
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