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Home My WebLink About2765 , : . ~ . ~ ~ ,~~.s'~ PROVIDED, ALWAYS, that if the Mortgagor slull pay unto the Mortgagee the indebtednese evide~oed by a oertain pruaiissory aote of which the foAowiag in words and figurea ia e true copy tawit: Octo~pr . ly~_ t 6.22~0 _ For~ Pier Fb~~~~ I - ptomirc tu pay F~??t ~~ai.~'F Eth:~'E~vM:i~ his wife. <<, ~~,e ~~~irr ~B~T ADIS_an~Ml_NNIE ADIS , ~ 1'[a0 H~,~R~ ~N~~L~ and n~ ~•~~`R.~. togethrr wilh inlere•t lh~ principal .um of ~~~QU~~p the~eun fro~n date al the rat~ uf trn prn•ent, per annum until maturity, buth principal and intr~est tw~ing payablr in lawful monry uf th~ l~nited ~tatr~ at Ri~aynr Blvd., \tiami, Florida, or at wch othe~ place as the holderx hereof may designate in writing. ,j Principal and intcre~t payable in installme~ts as follows: ~ ONE HUNDRED FORTY ($140.00) DOLLARS per month beginning on the 15th day of December, 1974, and continuing on the 15th day of each and every month thereafter until paid in full. This note may be prepa~d in w•hole or io part alter one year itom the date hereof upon payment of a penatty equivalent to ri~l~t pcn•~•nt of ll~r principal ~u~n prrpai~l. f:a~h imtallm~nl paymrnt ~hall t,c rrPdited fi~t on the inte~est due, and th~ nmainder on principal; and interc:~t shaU t1~rn- upun cra.~• upun thr prinripal K~ ~•~~dit~d. Tl~r mak~r and .•ndur~rn of lhis not~ furth~~ agree to waive demand, nulice u( nun-~?ayment and protest, and in thr event ~uit :~uU h~ bruuKhl for the ~•ullrction hereof. or the same has to be collected upon demand o an attorney, to pay ~ea.~onabk altomey~s frr~ fur inaking ~uch ~•ullection. ' L1Pferred payment~ heMUnder shall brar intcrPS1 at thr ~ate o[ ten percenl per annum from maturity until paid. Thi~ m~te i< <ecurrd by a mortga~e o( evcn date herewith and is to be construed a`hee h le suam of pnnc paleand i t rest ~ta te o f f l o ri da: u p on ckfault in the payment of principal andlor interest when due, rrn?aining unpaid shall, al the option of the holde~, b~come immediately e a d'pa b ~e• f ~ /~i (SEAL) l (St.AL) Pr~par~d by ~pk'ter 8 Tendrich. Atlorneya - 22~1U Riu~ayne H1~d.. l~liami. Florida and shall pertorm. compiY with and abide by each and every the stipulations. agreements. conditions and coveuants of said promiasory note and of this deed, then this deed and the estate thereby created shall cease and be null and void. 1. The Mortgagor hereby covenants aad agrees: 1~1 To psy dl aad aingu4r tLe principal aad intereet and otha a~ua+ oi maseY WYaWe by virtue of said pcomis.+ory oote and thia deed. or eitber. P'o~Y an tl?e dari renpectivelY.the same ~eva~ally beoomes d~ ~ I61 To parmit. conunit or suHer no waste nod to meiauin the improvementa at all times in a sute of good rep~ir and condition. and W do or Pe+mit W be ~I done to said pramiaes nothing ehat ~vill aher or change the use wd cluraixer ot a~id ProPertY or in any way impair or wedcen the sec~ity oE tbis I mptg~ge. Aad in use ot the ref~wl. negfect or inability ot the 1lortgagor W repeir and maintain ssid propertY. the Mortgagee may. ~t his option. m~loe ~ wch repain or eawe the same w be nade. aad advance moneYs in Lhat bch~1L IN To pay all ~nd singtilar the taies. asses~eats. kviea. liabilities. and obligatioas of every nawre on eaid dexribed ProP~Y e~ch and eve~Y whea due aad payabb aecording to Lw, before they beoane ddioquent. and to ddiver w tl~e Mortgagee on or betore March 15ch of eec6 ye.r ca: reoe~pta rvide~ng the p~rmmc or.u ti.t~uy ~mpusea c.us ror ctK preoeding u~ena.r re.*: w i~mnitr c6e Morca.see upo~ his a.m~na ror.u w~es. as.e.. maots wd charg~s c6at may be ~sxssed upon this mortgags on t6e iadsbced~sa sx~ed hereby. and p~id by tbe morgagee. without regard to ~ny Lw he~eWfore ea~eted or h~eaher w be enacced impoa~ng p~yment of tue wbok or ~ny put tl~eroof upon the Matgages. Idi To p~y all and ungular th~ caete. chugea and induding Lwyere' teee ~nd abstnet oosts resaooabl9 in~v**ed ar p~id ~t any tims by tLs Mortgagee beuuse oi the failure on t.he part of t6e Mortgagor w perform. oomPlY wit6 and abide by e~eh aad every t~s etipalaciom. ~eemmts. ooomtiaos ~nd ooveo~nts of e~id promissory aote and t6i~ deed. or citha~. and every awch payme~, ahall be~r interest from date at tbe r~te of tao 110961 pec centam per annum. lel it is furt6er oovednted and ~greed by s~id partiea that ia the ev~t ot a suit being imtiwted W foredase thia mortgage, the Mort8a8ee ehaII be entitbd W~pply ~t any time pending such (oreclosure suit w the oourt having juriediction thereof [or the appointment of ~ reoeivar of all a~d emgulv tLs ~~8~ P~Y. and of all reots. inoo~nes. prdts. iesues u~d revenues thereo(. from whauoever souree derived: ~nd thereupon it u henbY ~Pr+M4 ro~~~ ~nd agr,esd that the Court s6a11 forthwith ~ppoint sueh receiva with the usual powen and dutia ot roaiven in liks cases: ~nd said ~ppointr ment shall be mads by ths oourt ~s a mai,ter of ~triet right w tLe Mortgagee. aad wit6ont ~eferooee w che ~deqn~cy or ia~deqn~cy ot ths valw ot th~ peo~ P~7 ~Y ~B~6~ or w tLe solvmcy or insolvency of tl~e Mart~gors ar anr ocher part~ de[~ndant w au~c6 wk.'Pbs Martaaaor bn~by ipseit- iully waives ths ri~t to object w the appointme~t o[ a receiver u afaresaid ~nd be~eby e:presaty aooseoes that sneb ~ppointa?eot ~hall be m~d~ as ~n admitted equity and a~ a matter of abeolute rigdt w the Mortgagee and tAat t6e xme may be done withoat notice w the Mortgagor. I(1 If toreelosure proceedings aLould be inaciwced sg~inst t6e propertY cove~ed by thi~ mortgage upon any ocha li~ ar e4im whether alle~ed W be superior or junior w the lim of this mortgage. the Mortgagee may at hie option immediately u~wn institucioo of wc6 ~it or durmg tbe psndeoey tdereo~ declere this rtwrcgage end tlu indebtednass x~vred Aereby due aod payable forthwith and m~y ~t its optian prooeed W foretla~e this mort;~s. 1 g17Lat tlie Mortgagor will Iceep all ee~l aod penonal P*~PMY oow or heeeatter sncumbered by the lien of this mortg~ge ineuced as may bs rsqaired from time w time by the Matgagee ~i+~st lo~ bY fue. windstorm ~nd otl~r h~zards. casualties and oontingmoe~ for such periods and Eor not lesa th~n wd~ amounts as m~y be required by the Mortgagee and to WY P*~PUY when due ~Il prsmiums [or suc6 insunncs. 'l7~e amounts o[ inwranoe raquired m by the Morp~ee s6a11 be t6e minimum amounts for wdich aaid imursne ~11 be written ~nd it shall be incumbeo~ upon the Morcg~gor W m~intain sneh additiooal iasuraace a~ mar be neoeasary to meec ~nd oomply inliy with aU o~inwrance ~equiremmts oontained in aaid pdicies W the eod that the said :ltortgagor i~ mt a oo-insuror thereunder. losurence sh~ll be wriueo by a oompany or aomp~nies approved ar designated by the Mortga~es and a!! poli- cies aad renewd+ thereoi shall be heid by t6e 14ortgsgee- All detaikd desi~acions by the Mortg~gor whieh ~rs ~coepted by the Matgages and all agies menta between Mortgagor and Mortgagee relating w iasurance. now ezi~ting or Me+fter m~de, shaU bs in writing and e6a11 be ~ put of thb mat;a8e agreement ~s tully w thou~ xt forth veibatim beran ~nd shall govern both parties hereto and tbeir wote~sots ~nd assigna No liao upon w~ ot said policies of in~unnoe or upoo ~ny refund or retum pre:nium whieh may be payabb on t6e eancdlatioo or terminatioa thereof. s6~ll be giveo W ot6ar th~n tl?e Morigagee. ezapt bY ProP~ endorseinent affized W such policy and approved by Mortgagee Each poBcy ot inauranca stuli 6~ve af5zed thenW • Standard New York Matga~ee qause wichout Coneribucioa. enaking ~Il loss ~ lassea under ach P~Y Wribie w tbe Mortga~ee u W iatereit m~y ~p~ pear. In the event ~ny sum o~ sum~ of mor?ey beoome p~ysbfe t6aeunder the Mortgagee shdl have the option to rooeiw ~Od ~pply tLs t~me on aeoount ot the indebtedness hereby eecured. or to permit the Nongsgor w receive ~ad use it. ot a~+ part t6~eoi. witl~wt tGer~by w~ivi~ or imp~ an7 W~i' ti, lien, or tig6t under and by virtue of this mortgage. ln event ot losr or p6yaical dam~gt to the mortB~Bed pcopertY th~ Mat~gor ahall ~Iv~ imm~iat~ 60t~11(~~ PAGEz763 ; . - ~ ~ ~ ~I _ ~ . ~ ~ ~ ~ w_,~,~~~~