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HomeMy WebLinkAbout1886 t ~ ~ PRlrilDkl~_ ~l_wAl'~. ~hai tht \lur~gagut .hali pa> untu thr \k~rtgag~c thr ~ndtbtednr~+ rviJ~ncrd h~ a ~ ccrta~n p~.xni.~aa~ n.•tt ~~f Mh~ch thr fulluw~ng ~n wu~J~ and f~gutcs a Itut c~~py to-v?~t , ~d~l~~~ ; S~l~25~.QQ Fnrt Pi r ~ Fbrida .IeRUArv 2~ 19~__ ` • ~ F~~R ~~,~~~~F KF~;F~~•E;~~ WE, jointly and severally, p~omise tu ~?ay SAM H((~taWITZ an ANNEITE HOROWITZ his w tlx p~inciPal wiw o( rT~ 1'HOUS~ND FOIIR HLINDRED TW .NTY-FIVE and L together witk intercrt tl~er~vw (taw date st thr nte o( ten percenl, pe~ an~um unti) maturity, both principal and iot~~est being payable in lawful monr~~ uf ~hr t'aited ~tate~ st '3'..'~Yt Bi+ca~oe BIYd., ~1liami, Elorida, or at such other place as the holders heeeof may designate in writing. PriaciPal aed intec~t pa~rabk in inbWlmcntu as Idlovrs: ONE HUNDRED THIRTY ($130.00) DOLLARS per month beginning on the 15th day of March, 1975, and continuing on the 15th day of each and every month thereafter until paid in full. Th~s note may be prepa~d in v?fiole or ~in part after o~e year from the date hereof upon payment of a peaalty equivale~ to ~i~ht prr~rnt uf thr principal :om ~~paid. ~ Eact~ i~t~llnernt paim~nt •hall be crcdited Crst on the intercst due, and the remainder on principal: and intereat ~hall thrn~~ upon ~-rahr upw~ tM principal ~u.wdit~d. Tbe maket• and rndorsen o( this not~ (urth~r agrce to waive demand, notice of non-payment and protrst, and in the event wit -hall br brou~ht for the cdkcliw+ hcreol. or the same has to be collected upo~ demand of an attorney, to pay teasonable attorney'. fM (ax maki~ wch cdkction. Ikferred pa?mrn4~ heRUndcr•hall beu int~rest at the nte of ten percent per mnum from maturity unti) paid. ' 77~~ not~ i< <ecured b~r a mortpRe o[ even date herewith and is to be construed and e~iorced according to the laws o[ thc ~ta~~ oi Ronda: up~n drfault in tIK payment o( principal andlor interest when due, the whole sum of pnncipal and interest r+rmainin~ unpaid ~iull, at the option of the holdert., bccome immediately d e and payable. ~ , i SEAL) - • ~ ~ (SEAL) ~p,..d M~~er d Tenanch. a«orne~ - 22ao B~carne 8f•d•• Miami, F'da w~th and ab~de b each and every the stipulations, a reements, conditions and cove- ~ arwt ~ha{1 perf•x~n- axnpl~ > B . i nin~s of sa~d promissory nute and o( this deed, thcn this deed and the estate thereby created shall cease and be ; i null and vo~d. ~ 1. The Mortsasor 6ereby covenants and agrees: ~ /a! To pa} a1t aad s~n~utar the pr~nc~pal and ~ntcrest and otAer sums of moneY P~Y~ble by vutue of sa~d prom~ssay note and th~s ~ ded. or e~~ier. pra~ptlY ~~e days respec~~vely [he same severally becomes due_ 1~1 To per~u. commit or suffer no ~raste a~i to ma~num ~he ~mprorcments at all ames ~o a state of good repa~r and cond~uon, and to f do ar per~u to be daoe to sa~d prem~ses notA~n6 that W~II alter or chan6e the use and character ot sa~d propecty or m any vray ?mpa~r or ~ ~eakew tYe stcur~tY o( th~s mort~a6c_ ~nd ~n .ase of the ro(usal, ne~lect or ~nab~l~ty ot the MorteaEor to repau ard mainu~n s~id p~oper- ~ t~. t!e llartp~ce w~r, at A~s opt~on. make such repa~rs or cause the same to be made, and advance moneys in that behalf. t lc1 70 ~T alt snd ~~O~Y{s( tAe ta~es. •ssessments, le~~es. I~abil~hes, and oblisat~ons of every nature on sa~d descnbed property each ~ and e~erl s~ea dx aaa paYable accord~n6 to la~, before they become delinquent, and ~o del~ver to the Mortga6ee on ot before MarcA IR~ d ueh 7~u ta¦ rece~Qts er~denun6 the payment o( all law(u11Y ~~Dosed taxes tor the preced~n6 talendar year, to mdemm(y the € f~ortsaset spae h~s dcauod [a aU uxes, a.sescmentc a!tii charaes tha~ may be ±°sessed upon th~s mort6a6e on the ~ndebtedness s cwed hereb~. sed ~u~d or ~«~aRee, ~~thoue rcsard ~o any la+ hereto[ore enacted or herea(ter ~o be enacted ~mposm6 nayment o.` f cYe ~ble or ae) ~art tAcreo( upan the ~I.•rtEa6ee_ , t~ To paT all and s~n~ular the costs. char6es and eYpenses, mclud~ns lawyers' fee. and abstnct costs reasonably incurted r+r pa~d at ~ se) ~e~e bY ehc ~I.xt6aEec Aecau.c u( the fa~lure on the part of the Wortsa6or to per(orm. comply w~th and abide by each and tvery the se.pul.t~ats, a~reeieents. cond~[~ona ard corenants of sa~d prom~ssory note and th~s deed, or e~~her, and e~ery such~payment shall bear ~ .netres~ frm rlate at the rate of ten UO per ccntum pcr ~nnum_ (e) It is t~ria eo+e~s.:'__ asd apced br ssid part~es tAat in tAt erent ot a syit beia~ instituted to (aeclose this mott~~se. the Ma~- p~ee s~aU be e~tiikd to a~lp ~t asp tue peod~n~ sucb fareclo~ure suit to t6e coun havin~ jurisdictim ~hereo( fa (A! ~ppOlOlmtOt d a~ecei~a et all a~/ sin~slu tYe ~tsa{ed propertr, and of all reots, iocomes. profita. issues ~ad revenues theteof. fros ~hauoever € sw~ee ienxd; a~/ vere~ym ~t is Serebr eapreaalr covenaated aad ~sreed t6~t tbe Caurt s6s11 (orthritA ~ppoiat sncA receiver with j ~ tie assal /wesa a~d deties ot receirers in like c~ses; and s~id •ppaintment sball be eade by the court ~a a matter ot slriel ri~ht to de ~fsrtsa~ee, aw/ ~it?o~t retereace to the ~deqwcy or inadeQuacy of the ralue of the property hereby mort~~std, or to the solrency ~ or iwl~e~ d t~e Yort~a~ors or aay oMu party detendant to sucA suit. The Mott~~tor hereby specific~lly raives the risht to object ~ to ~e a/~we~e~~ ot a cecei~a as afaesaid ~nd herebr e:pressly conunts t6~t such apPointment sh~ll be sade •s ~n admitted equ~ty ~ ~ a~i as ~ ~aer ot ~Asohee ri~At W d~e Mortp~ec sad th~t tbe s~me o~r be doae wi[hout notice to the Mortp~or. (t) It tartclos~re prxtediys s6orld be instiwted a~aiost the propertr covered by this .ottp~e upoa any othet licn or cl~im rhetAer ~ slle~e/ a be sa~enor or jauior to dte liee of this ~at~a~e. the Mott~~~ec wy at his option iAmediately upon institutian ot such suit ~ ~r i~rr~ ae oe~deac~ ~ereof declare tA~s sorts~~e ~ad the indcbtedness secured herebr due ~nd p~y~ble (orthritA snd may ~t~ts J ytw~ ~roced te (~eclose tY~s ~ortaaae. ~ (v 'iLt re Mar[~or ~ill keep sU rea! ~od persana) property nor ar hercafter eocu~bered by tAe lien ot this mort~a~e insured as may ~ - be tewird ka~ ti~e to ti~e br t~e Mat~saee ~qinst (oss by fire, ~iedstorm and other haz~rds, c~swities ~nd contin~encies (or such ~ /er~eis aid (ar ~ot ku ~Yu src6 saoYS~s aa yr pe reau~red br the Mlortpsee •nd to p~r prosptly when due ~11 prem~ums fa such ru~a~ce. 71e a~o~~a ef ias~ra~ce reqaired Ar We Morg~~ee sh~ll be the e~iaimwo amouna fo~ vAicA s~id insur~ace shall be ~rittee z= aN ~t s~all Se ~crleat poe the Yortaaaor to M~ntaia snch addi~ioaal insuraace •s may be necessary to meet and caaply fullr ~rith ~ dl ewwra~ce reqwre~ewts coeta~sed in s~id policies to the eod that tAe s~id Mort~~~or is not ~ co.insuror thereunde~.lnsurance s~U ~e ~nne~ b~ cu~~~ or co~p~aics aPpro~ed a des~ansted by ehe Morts~~ee aod ~II pol~c~es ~nd reae~rrls thereo( shall be bdd ~ ti tre IM~tsa~ee. All ~etailed desi~eatioas br the ~Aart~~~or vhich uc accepecd br the Mort~a~ee aad all s~reescats between Morts~~a ~ a~t Y~rtpsee rel~tu~ to iss~~~ce, no~ eaistin~ or hereJur m~de, sh~ll be in ~rritie~ ~nd ahdl be a part of this aortp~e a~reca~ent as fdy a~a~ aet fart~ nrbst~ here~a ~od sA~ll ~orem botb Partie• hereto and their successors ~ad assi~ns. rlo lien upon sny of ~ aaii /dicia J i~srrasce or ~qo~ ae~r rofned or return presiuo ~AieA ~r bc p~y~blt on U?e c~ecell~tioe ot tersiM~ion thertof. sAall ~ Ye ~i~ t~ at~er Aa~ cYe Mortpace, exeeot Ay proper endorseinent Jfi:ed to sucA policy and ~ppoved br Matp~ta Each policy of ~ ~w~ee isll dre a(~iad t~ereto ~ Sasdad Ne~ Yo~k Mwt~~~ee Cl~we ~~thout ContriAutioa. makin~ aIl loss w losses under ~uch ~ Mlic~ M~Yk ce ~fe Mo~psee ss ~ts ~aieres~ wY ~pP~u. ~o ~ue e.en~ •or ,wn or ,w.s ot .o~er e«~ P~r~ble tAcrcunder the \lort- ~a~,ee slvll ia•e tie o~t~m to rcce~re aad apply t4e s~~e on ~ccornt of tbe indebtedness Aereby secwed. a ~o perm~t the N~xt~sEor - ~ ~e tae~~t ar rst ~i. or aar art t~ereof, ~itAout tAerebr ~~IYIO~ o~ impairin{ any equitr, lien, a n~ht uoder and by vutuc o( th~. ~ ~orya~e. M e~at af lass ar piYs~cal dasaje to the mort~~~ed property the Mortp~or shaU ~ire ~m~edutt nol~ce thereo! by ma~l t~. 1fe Mart~asee aed tAe Mor~~a~et mr nukt p~oo( o( loss ~f the ssa~e ~c no~ made ptompUy by tht ~1a~~~~. In evem n( fu~e~ln.ure o/ ~ - - so~x 2~35 PA~.~ 1885 - ~ - - ~ . - r,_ . . n~