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Home My WebLink About0360 . i I'RI)~II)f•11. ~LN:\1~ ~h.~~ ~t tl~r \lu~i~;.+~;~~r .1:.~:! uni,, thr \t~~rigagr~ thr in~rbtcJnr...•~i~rn.rd h~ ! .c?tain rt„ini..~,t~ Il~~lt HfU~h ~hc t~~Ii~~t~lt1~, tf: ~~.+f~~~ ,~nd ligu~r~ 1~ IfUC t~~r~ (~~.wll r '`3 2,850:.00 Fort~~~e, M'kiriJa January 23, ~y 7 - F(1R VALI'E HFCEIYh:~~-- W~,._jQintly and S~Y~r~.~.~,yt~ p~omi..e tu pa~~ lu the urdrt uf ! NA'I' FRT~j~j1j _'~Rjj~g~_ ~ th~ principal sum of TI~jQ~HQQ$ANT~ EIGHT HLINDI3.~I? F~ and~n ~,QQ~u1.LAR5, togethP~ with intrre:t Ihe~eun fru~n date 2t lhr rat~ uf lrn ~?e~rcenl, F?er annum until nuturity, buth principal and iutrrest t~ing payable in lawful monr~ uf th~ t'nitrd ~ta~rs at '3'.'.•N Hi•caynr Bhd., \tiami, Flo~ida, u~ at ~uch other place as the holder~ hereof rnay de~ignate in writing. {'~incipal and inlere.t payable in imtallmen4~ ar follows: S?VENTY ($70.00) DOLLARS per month beginning on the 15th day of March, 1'a75, and continuing on the lSth day of each and every month thereafter until paid in full. Th~s note may be prepa~d ~n whole or in part after one year from the date hereof upon payment of a penalty equivalent tu ~•i~;ht ~?rn•~•nt u~ thr ~?ri~~ri~~al ~uiu prrpaid. F.a~h in~tallm~•nt paymrnt ~hall t,e ~~~a~~~a r~~ on the inte~est due, and the remainder on principal; and interr•t ~hall thrrr- upun ~•ra:~• upun thr pnncipal .u ~•n•ditrJ. Tl~r mak~rn and rndor~rn of this nut~ furthr~ a~rre to waive demand, notice u[ non•{?a~~m~~l and p~utest, and in Ihr cr•ent ~uit -h~ll bP brou~ht for thr rollrctiun h~mof, or th~ same ha~ to be collected upon demand of an atturney, to pay reasonable attorney~. fr • fu~ making ~uch cullrctiun_ 11~f~~rcd paymenl~ hrrrunder ~hall beu inter~~t at the rate of ten percent pr~ annum irom maturNy until paid. 7'hi~ nutr i. securcd by a mortga~e uf even date h~r~with and is to be construed and enforced according to the IaNS of the ~ tr of tlcxida; upon d~fault in th~ pa}•ment of principal and/ot intt~cst when due, the whole sum o[ principal and int~rest rrn~~ining unpaid •hall, at th~ option of th~ holdet~, become immediately due and payable. . ~ ' ~ (SEA ~ . ~ C~ tiE A L Prepar~d by ~prcler & Tendrich. Altotney~ - 22~10 Riccayne Nlvd., Rtiami, Fiorida , ar~J shall perform, comply Hith and abKir b~• each and ever}~ the supulaUons, agreements, cond~tions and eove- nants of sa~d prom~ssory nute and this deed, then th~s deed and the estate thereby cteated shall cease and be . null and void. I. The Plortgagor hereby co~•enants and agrees- (a1 To pay all and ~ingular the princ~pal and tntcrc.t .:nd other ~um~ uf m.iney p~yable by v~rwe of sa~d ptomissoty note and th~s , deeJ. or euher. promptly un the d~Y~ re.pecncclc the .eme .r.e:e21y he.omes due. (b) To permit, r~xnmit or suffcr no ~~stc aad t~ mazn~a~n thc ~mp:u~rmrnU at a~l ticr.ts ~n a state of good repa~r and cond~UOn, and to do or perm~t to be done to sa~d prem~ses notl:~ng that •+iSl alter ur change the use and chancter of sa~d propert~ or m any way ~mpa~r w ~veaken the secunt~~ o( th~s mort6aRe. 4nd m.a.e of th~ rcfuc~l, negtect or mab~trty of tht !Nortgagor io repa~r aed ma~nu~n sud proper. ty, the Afort6aEee may, at h~s opuon, make suc~ rcp.irs or caucc ~he samc eo he made, and advance moneys m that behalf. E (c) Ta pay al! and ~~n6utar the ta~ex, a+ses.ment.. ;e. ~es, I~ab~lit~es, and ubl~aauons o( every nature on sa~d descnEed property each i f and every When due ana payablc accorl~ng tn law, before they become det~nquent, and ~o deli~er to the Mortgaaee on or befwe Alarch ~ ( ISth of each year taa rece~pt. c~~den~ing the pa>^~rn~ o! alt •.a..iult> ~mposed taaes ior [he preced~nE catendar year, !o indemnify ~he ~ ~ Moet6a6ee upon h~s dcmand Eor a11 taaes, a..es~mcnt. and rharge-, that~may be assessed upon th~s mort6a6e on the ~ndebtednoss 3 cured hereby, ~nd pa~d oy mi.rtgagec, +tth.,ut K~LJf, ta any law huetofore cnacted or hereafttr tb be enacted ~mposm6 ~ayment o: 3 the v.hole or any ~art therrof upon the ~1~~r~gagee. ( (dl To pay all and s~ngular tAe costs, iAarg~. and etpcnse~, ~ncludmg iaryers' ftr. and abstract cocts reasonably mcurred or pa~d at any hmr by thr \tortgaRe~ brcao~r vf Ihr failurc o~ ~hr part nf the Stortgagor to pcrform, comply ~•~[h and ab~de by tach and every the ~ suputet~ons, agrcemen[~, cond~i~on. and co.cr,~nts of >a~d prom~ssory note and thi. deed, or e~~her, and every sucA~payment shall bear ~ mtcrcs~ (tcxn date thr rate of trn I IlT-1 prr :en;um :+er ~nnum. (e) It is furthtr covtn~. and apeed by sa~d part~es that m the event o( s suit bema instiwted to foreclose this matpse, the Mort- ~ ~a~ee sh~l! be entitled to apply at any t~me pendin` such foreclosure auit to the covrt h~rinj jurisdiction thereof for the ~ppo~ntment o( s receivet of ~11 and ainaular the mor~6a~ed property, and o( all rents, incomea. profits. issue~ ~nd revenues thereof, from ~rhatsoever ~ ~ source denred; and thereupon it ~a hereby eapressly coren~nted sad •{reed tA~t the Coutt shsll forthvith ~ppoiat sath receivet ~~th ~ Ne usu~l po~rcrs and dut~ea of receirera in like ca~es: •nd a~id •ppointment shall be made by the cowt aa ~ matter of strict ri~At ~o ~ ~ the Mort~~~ee, and without retcrence to the ~dequ~cy or ~nadequsey o( the value ot [he property hereby mort~a~ed, orto the solvency ~ ~ or inaolvency of the Mortp~ora or any otAer p~rty defendant to such suit. The Motts~~ot 6eteby spec~tic~Ily r~ives Nt nsht to ob~ect ~ to tAe •ppointment of ~ ace~ver •a aforesaid •nd hereby eapresaly consents thal sucA •ppo~nunent shall be made u~n admiued equ~ty ~ and ~s a~tter o( ~bsolute tiiht to the Mort~asee and that the same m~y Se done ~nthout notice to the Mort~~sor. ~ (f) If foreclosure proceedinp should be instituteA •pinst the property covered by th~s mortp~e upon any otAer lien or claim rhether slle~ed to be superior ot junior to the I~en of this mortsa~e, thc Morl~a~ee msy ~t h~s optioe immed~~tely upon ms[itut~on of such suit _ or durin~ the pendency thereot decl~re thie morts~~e and the indebtednees secured hereby due •nd p~yaEle forth~r~th ~nd may at~ts 3 oplion poceed to forecloae this mortp`e. ' (v Th~t the INort~a~or vill keep all real ~nd personal property nor a hereafter encumbcrod by tbe lien ot this mort~ase ~nsured as may ; be rtquired itan time to time by the Mortp~ee apinst loss by fire, w~ndstorm and other haz~rds, casualuea ~nd cont~n~enc~es (or such - pec~ods and for not fess t6aa such amounta as m~y be requ~red by the Mort~s~ee and to pay proeiptly when due •11 prto~iwns fa sucA ' ~nsur~nce. The ~mounta of inrurance requ~red by ehe More~~aee shall be the min~mum ~aaunts for rhwh said insurance shall be ontten ~ and it shall be ~ncumbent upon the Mort~sta to m~intain such add~Non~l insurance ¦s msy be necessary to meet and canply fully with 'r~ •11 co-insurance requitements contained m said polic~es to the end that the s~id Mat~~~or is not • co-msuror thereunduJosurance sh~11 be rntten py ~ company a compan~es approred or dta~jnatcd by tAe Mortsa~ee and ~11 polic~es and reae~als thereot shall be Aeld ~ sy the Mortp~te. All det~iled desi~aaqons by the Mortja~or vhich are accepted py the Mortpset ~nd all yretmcnts between Mortp~or and Mort~asu rel~tms to ~naur~nce, eow existm~ or heruftcr m~de, sh~ll be in rritin~ •nd sh~ll be a part of ihis mor~pse a~roement u(u11Y ~ha+~A set fortA verbat~m here~o •nd aA~ll ~orern both parties hertto snd their successors ~nd ass~~ns. No Gen upon ~ny of - nid policies of insurance or upan ~ny refund-or-retorn praniua~ rhicA n~r be p~y~ble on the uneell~tion or termin~tion tAertof, shall s be ~~ven to otAer rhan the Mott~~~te, except by proper endorsement •ifiaed to sucA pol~cy and ~ppoved by Mat~~~ca Each policy of ~ iniurance shall h~ve atfixed thereto ~ St~ndud Ner Ywk Mort~a~ee Ctause Without Contribut~on, makin~ •11 loss or losses under such ~ policy p~y~ble to the Mo~t~aste •s ~ts in~erest may ~ppear, In the eveet any sum or suAS o( money becane parible thereunder tAe ~1ort- sa~ee ahall have the opt~on to rece~ve and •pply the s~me on account of the ~ndebtedness hereby secwed, w~o ptrmit the N~x~`aRor ~ ~ to rece~rt and we it, a~ny part thereof, r~thout thereby vurmi a~mpa;nn~ •ny eQu~1y, 6en, or n~ht under and hy vutuc o! th~. 4 mortp~e. (n erent of los~ or pAys~csl dama~e to the mor~~a6ed property the Mwt~a~a sh~ll ~~ve immedute nouce thercof by ma~l t~. the INwl~t~et re~! ~he 1M+rlEaeee may make praof of losc thr came ~c not made prumD~~Y by 1Ae Stost6s~a. In erent ~,r rw«i~,.~« ~r _ ~ ~ e~c ~ ~ BOGK ~JV PACE 36~ ~ ~ - ~ ~ ..u k____.. . . ~ _ v~