HomeMy WebLinkAbout0311 f'Rt)~'ID1=1~. ~~I_wAYti. ~hai ~f th~ ~turtKagu~ .hall p:+~ unu~ the \kxtgagrr the ~ndrbtednr~~ cciJrncrd M a
~r~tain pn~m..ar~ m?~t nf Nh~ch ~hr (o11uN~ng in v?urd~ a~d figures ~s a Uut c~py t~~-w~1
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S 4_~.175...04 F't~,~~~i:+ - Decemhe~~,-- - 74 ;
ointl _and_severall ___~~~~~~~~~~~•~~~~~ay
F~~ ~it ~~~.t't: Kh:t:t:t~'}:1~ . - ---WE Y- Y:--------
t~~thrurdr~~?( _MORRI.S-GERSHIN--AND BELLA-G~R~S1~~I~ ~I W;~~-- 1 to rth~•rNill~inl~•rr•t
tliP p~~m•~~,al,um of FOLIR THQUSAND_QNE ~1lINDRE_.D_-SEV~I~I~'Y-F~V~_ and_~~~t~tPR'. --K
thrrrun Gum dat~ at thr ~alr uf trn ~n•rnl. ~~rr annum until maturity. bulh prin~ipal and iut~•rc:t k?rinK pa~a!?Ir in IaNfol mum ~ uf t
thP l nitrd ~talr~ at tii~.•a~n~• I~hd.. ~liami. Florida. ur at such other place a• lhe holders h~rco( may de•i~natr in writinK.
I'rincipal and intere:t payable io imtallmen~. Z~ fulluw~:
NINETY-FIVE ($95.00) DOLLARS per month beginning on the 15th day
of February, 1975, and continuing on the lSth day of each and every
month thereafter until paid in full. '
Th~s note ma~ be prcp:~id m whole or in part after one year from the date hercof upon payment o[ a penalty equ~.~alrnt
t~~ ri~~l~t prr~•~•t~l ~~f thr {?rinripal >um prr{?aid.
F:~~-h imtallmrnl pa~mrnl ~h•rll lN~ ~-n•dit~d fi~t on th~ int~resl due, and th~• rrinainde~ on principal: and inl~r~~t ~I~all thr~~•-
(I~NIII ~'Ya-N' U~NNI ~~ll` prinr~pal ~•r~•dit~•d.
Th~ makrn and rnduryr~ uf tlii• nut~• (urth~•r a~rr~ to waiv~ J~•mand, iwti~~~ uf nun•(~a~ inrtll 'Jq(~ ~lfOlc.t, and in th~• ~•v~•nl ~uit
- all hr bruuRht (or thr rull~•ctiun hrrruL or thr same ha~ to be collected apon demand ut an atturney. tu pa}~ n•awnable atturn~v~~
1~• - (ur makin~ w~•h ~•ull~ctiun.
I I~irtr~d pa~ m~•nt~ hrrrundrr ~hal) brar intrrr~t at Ihr ratr uf tcn per~rnt p~r annum (rum maturity until paid.
7~hi< notr i: ~e~urcd hy a mort~aKr ~>f n~n date h~r~with and is to be constn~ed and en[orced accord~ng t~~ thr law. thr
~ ~tat~ 1'l~Kida; u~~n ikfault in th~ paymrn[ of principal andl~~r inter~~t wh~n due, the whole sum o[ pnn~ipal and inlrr~•t
~ n~nu~n~n~ unpaid >h~11, at th~ optiun o( lh~ huld~cs• l~ecome immedia y due and payable.` -
-SL~/ ~•v (~1:11.) ,
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, _~~-c~~t. . (~F: \1.)
~ Pr~p.r~d b~ `pKler d Tendn~h_ -~tlorney~ - 2'~-UI Riscayne Hlyd.. titiami. Flotida
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ar~J shall perform, comply with and abide by each and every the stipulations, agreements. conditions and cove- ~
nants of sa~d promissory note and of this deed, then this deed and the estate thereby created shall cease and be ~
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null and void. °
1. The Mortsagor heteby covenants and agrees: ;
(a) To par i~ ~~nsulsr the pr~nupal and mterest and otAer sumc of money payable by v~rtue of said prom~ssory note and th~s ~
deed, a ather, promptly on the days respecu~~elY the same sevcrolly becomrs due. ~
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i lb) To perm~t. coeom~~ u? suffer no vraste aad ~o ma~mam the ~mprovcments at all Umes m a state of 60~ «D~~~ and condu~on, and [o
~ do or permu to be done to sa~d premises nothms that a•~11 alter or chanse the use and ch~r:cter of sa~d propertY or ~n any rray ~mpau or ?
•eaken tAe secunty of th~s mort6a6e. And m case o( the rc(usal, netlect or ~nab~lity o( lhe Mort6a6or to tepair ar.d mamum sa~d proper. _
i ty, the 11AartpRec may, at A~s opt~on. make such repa~rs or cauce the same to be made, and advance moneys in ~hat behal(.
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(c) To pay all and s~o6~~u th~ ~~x«• ~ssessments, 1ev~es, I~ab~lrties, and obli6auons o( evtry natu[e on sald desctibed property each
~ and everr +hen due and payable accord~ng to IaN, befae ~hey become del~nquent, and to del~ver to the Mortba6ee on u? before Marc~
~ 1StA o( escs year ux receiptc ev~denc~ng ~he paymtnt o( all IaM~(ully ~mposed taxes for the preced~n6 talendar year; to ~ndemn~fy the
Alw[~asee upon h~s demand fot all ~ues, a.sessmcn~s and char6es that may be assessed upon this mortga6e on the ~ndebtednecs
cured hereby, and pa~d by ~he mortRagee, wuhout rcgard to any law heroto(ore enacted or heteafter [o be enacted imposms ~sYmeM o:
~ the rhole or any ~art thereof upon the VortEa6ee.
~ (dl To pay a{1 and s~naular the costs, chxses and expences, mcludms la~ryers' fet+ and abstroct costs reasonably mcurred or pa~d at
~ any ~~me by ~hc ~fat6aEee becau.e .~f the fa~lure on the part of the Mortga6or to pecform, com01Y r'~th and abide by eacA and tvery the
supuf~~~ons, a6reements, cond~t~ons and co~enants o( sa~d prom~ssory note and this deed, w e~~her, and tvery such~payment shall bear
~ ~ntcrest f~an date at the nu of ten 110`~l o~r centum pec annum.
(e) It is fartba co+rena.:'_3 u~d •~reed by said parties U+~t in We erent ot s auit pein~ inatituted to taeclose this mott~~~e. the Mat-
~ p~ee shall be eetitled to ~pplr ~t ~ny time peodins such (aeclosure suit to the court 6~vini jutisdictian thereof tw the appoiatwen~
ot a recei~er d~11 ~nd siesulsr the ~ts~ted property, and ot ~11 rente. incomes. profits. i~sues ~nd revenues thereof, tros ~h~tsoever
~ sauce detired; and therenpon it is hereby eipresslr coreou?ted ~ad •~reed that tl+e Coutt sh~ll torthvitA ~pooiat snth receiret rith
~ tbe uswl po~rtrs ~ed duties o( receiver~ in like c~ses; and s~id ~Opointment shall be m~de br tbe court u~ aattet of ~trict ri~ht to
the Yortsa~te, and ~itbout ro(ereace to the adequacy o~ in~dequ~cy ot the v~lue of tAe propertr Aerebr ao~t~sted. or to the solrency
~ or iasol~e~cY ~~~~is~as a~nr oWer yarty deftndant to sucA suit. The Mortp~or hereby specifiully ~~ivss ~he ri~ht to object
~ to tbe apPoiot~eet of a receiver ss afores~id ~nd heteby eaptessly conseata tbat such ~ppoiataent ahall be ~sde •s ~n ade~itted cawty ;
~ ~ad ~s a~«er o( ~bsolute ri~ht [o tl~e Morip~ee aad th~i tbe s~sc say be done ~rid+out notiee to the 11wti~~or. ~
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':.4 (f) If foreclware proceedin~s should be instituted apinst tht ao~nr covered by this ealp~e upoo u?y other lien or cl~im ~rl~ether
alle~cd to be srperior or j~nior to the lien of this mottt~~e, the Mott~a{ee may •t his optim imaedi~tely upon institution of sucA ~ui1
= or darisa tbe peodeecy taereoi decisre ~is mori~a~c .c.S tAe ::.:e~:csssr.s. a..s_~ AK~~3r .l~i a~ ~.y.A(~ t.r~h.~iel~ and mar ~ts
optim proceed to toreclose t6is mats~~e. t
(v Th~t the Mort{a~or ~rill keep all rul and personal propertY no~ or hereattcr eocu~bered by t6e lien of this mort~a~e ~nwred as may
be required frow iiwe to tise by the Mortsasee a~~inst loss Ey tire, windstorm and otAer Aas~rds, c~swlties and contintencies tor such
s~-:
periods ~nd for eo~ lesa tlun auch aa~oun~a as say be reauired by the Mort~i~ee ~nd to p~r proeptly +~hee due ~11 prcm~wns for suc
insuraace. The ~~arua ot io~~ru~ce required br the Morta~~ee shall be t6e auaimum amounta [a rAieb said insur~nce sA~ll be rnttee
sed it sl~Il be iacu~beat upoe the Moreta~or to saintaia such additional insurance ~s ~aY ~ necessuy to e~eet and canply t~lly rith
~x~va •tl so-iosYr~nce require~eats contsined in s~id policies to the eod that the aaid AAorts~~a is not a co-insuror tAereYnder.lnsu~ance
~ ssall be rrittee br ~ co~p~er or coepsoiea approred a des~~nated by the blortp~ce and ~11 policies and reaevab tAereo( sh~ll be hcld
b~r t\e Alortiaiee. AQ detailed desi~eations by tAe MortN~or +'hicA ue accepted br thc Mott{i{ee and dl ssrtaeents betwcen Mortp~or
~ud yort~a~ee rel~t~n~ to insur~nce, now eaistin~ or hereatcer made, sA~ll be in ~itios ~nd shall be a p~rt of tAis mortp~e a~reesient
~s (ollr ~s tbayh set torW ~erb~um Aerein ~ad sh~ll ~overn bo!t? partiei hercto and their s~ccessors uW assi~ns. No liee upon any of ;
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saW oolieies d inswance or ~Poe ~ar refund or retum premium rbich s~y be paYable on the uncell~tion ot lersin~tion thercof, sh~ll
be ~i~ee to otber rhan tbe Nort~~tee. ~=«p~ er aon« <~e«s~~~~ .rr~~e ~o s~cA policy and ~pprored by Mott~~~ta Each policy of
issar~nce s6at1 b~e s(fised thcreto ~ St~ndud Ne~r York Mortp{ee Cl~use v~thout Convibution. makin~ all loss a losses under ~uch ~
~n
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ooliclr arible to the Mortp~ee ~s ~b iatereri wy ~ppear. ln the e~ent ~ar sua or auss of ~oner becawc p~rible ~hcreunder the ~lor~-
~a~ee sAsll Mve tbe oPtion to receive and ~pply We s~~e on ~ccount ot ~be iadebtednus hereby secured, a to perm~t the ~kx~~aEor ~
to r~cei~e and ~se it, or ~nr p~rt thereot, rithout thereby wivin~ a ie~pairins any equity. lien, o~ n~ht under and Ay vutue o( th~. ~
~taase. In.event of loas or phrsiul dama~e to the mor~~s~ed property ~he Mortp~or sh~U ~ive ~mieed~~tc no~~cc ~he~co( by ma~l t~. ~
r;: the I?lat~~~ee ~nd ~hc Mor~p~ee may make prewf o( loss the csme ~s no~ made panpUy by ~he lNort~a~a. In event ture..ln.ure of ~
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