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f'Rl)~11)1=11. ~I.NA1`~. ~ha~ ~f ihr \tur~Nagur .heit , a~ unt~~ ~hr \t~~ttgagrc thr ~nJrhirdnr.+ rviJrn~rd M.~
r~tla~n pt~~~ni..i~t~ n~~lr__~~1 Nhich th~ t.~ll~,uin~ ~n uut~1. :inJ I~gu~c, a trut c~~pv t~,-u~l
~dw~tt~G i~'~otG
3_`Li~75-.UO Fort Pi f']'-Cg~- hl~lflll:l -__~~~Ch ZZ ~ 19_7~ - i
M~~H\':~I.1'h:liE(:h:l\'EI? ~n1E~ joinrly__and severally, _ promi.:e~opay
tu tlir urdrr o[ BENARD ROSENBY.AT~`-aild BK-RNEY ROSENBERG
~togethrr with intrrr~l
thr prinriF?al _~WO THOUSAND FOUR HIJNDRED_SEVENTY-FI_VE and~Q
thrreun (rum date at thr ~at~ uf ten F?rrr~nt, (kr annum unti) maturity, buth principal and inte~rc~t lN~ing payable in lawfu) munr~ uf
thr t'nitrd ~tatr~ at :.''~-~~l (ii-caym• Khd., ~liami, Florida,. ur al such other place as the holders hereuf may designate in w~itinK.
~ Y~incipal an~i inlerect payabl~ in in.tallmrnts as follows:
~ SIXTY ($60.00) DOLLARS per month beginning on the 15th day of
~ May, 1975, and continuing on the lSth day of each and every
month thereafter until paid in full.
This note may be prepaid in whole or in part after one year from the date hereof upon payment o! a penalty equivalent
to ri~lit ~~rrc~~~N ~?f ll~r prin~~ipal ~unt pn•paid.
F:a~•h imtallmrnt pa~•mcnt ~?~~u ~N• ~~M~i~~ra rn~ on th~ i~terest due, anJ the rrm~inder un principal; and intcre.t ~hall thrr~
upu~7 hr ma~ rrn and~rndur:~~n`t? rn•dit~•d. •
f tlii> nut~• furth~•r a~n~P W waive drmand, ri~Kc~~ uf non-F?aymrnt and protest, and in thr evenl ~ou
.hall br bruuRht for th~~ ~•ullrctiun herroL or thr wme has to be collected upon demand uf an atturney, to pay rea.wnablc attorney'~
, Irr. lur makin~ wch ~•ullr~•tiun.
l1~•ferred pa~•inent~ h~mundrr ~hall b~~ar intrn•~I at th~ rate af ten pe~c~nt p~r anuum frum maturity until paid.
'I~I~i~ nutr is ~rcurcd by a morl~a~~ uf even date hrr~with and is to be construed and enforced according to the laws of th~
~ta~r oi E~lorida; uE?nn drfault in thr paym~nt of principal andlor interect when due, the whole sum of principal and int~rest
rrnwinin~ unpaid •hall, at th~ option ot lh~ holders, become immedi tel due and a b e.
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Prep~r~d b~ ~p~rl~r '1i T~adnrh. ~Itorn~~~~ 2'240 Biscayne lilvd., !1liami Flarida
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ar~d shall perf~rm, cumply w~th and abiJe bp each and every the sUpulations, agreements, conditions and cove- ~
nants of said promissot}• nute and ~f this dezd, then this dced and the estate thereby cteated shall cease and bc ~
null and void. #
S
1. The Mortgagor hereby co.~enants and agrees- ~
l (a) To pay all and singular the ptinc~pal and mtercst and uther sum~ uf mnncy payaEle by vutue of sa~d prom~ssory note and th~s ~
deed, or e~iher, promptly on the days respcchvely the came sevcrally becumcs due.
i (b) To permit, comm~t or suffer nn ~.ectc a~d to mainta~0. th[. ~mprovrrrents at all t~mcs ~n a state o( good rtpa~r and cond~uon, and to C
~ do or permrt to be done to sa~d prrm~ses nothing that M~ll alur or change the us~ and chuacter of sa~d property or m any way ~mpau or
j weaken the securUy of th~s mor~gage. And in rese ot thr retusal. neglect or mab~l~ty of the ~lortgaRor to rcpair aed mainta~n sa~d proper-
€ ty, Iht Mat6agee mar, at h~s opt~on, make such rcpurs or cauce the same to be made, and advance moneys m that behalt.
~ (c) To pay all and <ingular the laats, asse.+mentc, le~~es, liab~l~tie+, and obligat~ons of every nature on sa~d descnbed property each
and every ~rhen due an~ payable accord~na to law, be(ore ~hey become dehnquent, and to del~ver to the Mortgasee on or be(ore March
ISth ot each yerr tax rece~pt~ ev~dcn.~ng thc payment of all lawfully imposed uxes for the prcced~n~ catendar year, to ~ndemmfy thc
.llat6a6ee up~n h~s Scmand tor alT taies, a~sescmcnts and .harges that may be assessed upon th~s mortga6t on the mdeb~edness
cured hereby, and paid t+y m~KtEagee, +ith~~u~ regard to any law hercto(orc enacted or hereatter eo be enuted ~mposmg ~ayment a:
tht ~hole or any v:t thereof upun the \turtgage~_
~ (dl To ay all and s~n ular the coci~, cnar and ew en~es, ~nclud~n ?aw ers' (er+ and absttae[ costs reasonaAl mcurred ~r
p 8 B P R Y Y Pa~d at
any ume by thc Nortgagce be.au~r ~~f the tailure on ~hr part o( thr llvrtgagor to por(orm, comply with and abidc by each and every the
capulations, agreements, cood~uons and co~enrntti uf >aid prum~ssory' no[e and th~s deed, or e~tAet, and every such~payment shall bear
~nterest (tom date at the rate of ten 110`:1 ner centum ner rnnum.
(e) It is further coven~. and a~reed by said part~es that in the event ot a suit beins instituted to toreclose this mort~aae, the Mort-
~i~ee shall be entitled to apply at any time pendins such foreclo~ure auit to the court havins jur~sdiction thereo( fa tAe ~ppointment
ot a recciver o( ~II and tin~ular the mortsased property, and of all rents, incomee, profits, issues and revenuea thereof, from wAataoevcr
source derired; ~nd thereupon it is hereby cxpressly coveeanted snd ~~reed ~h~t the Caurt shall fwtAwith ~ppoini such receivet ~~th
tl~e usu~l powers ~nd dut~es of receivera io like cases; •nd a~id appoinueent shsll be made by the court as ~ matter of atrict ri~ht to
the Morl~a~ee, and vithout reference to the ~dequ~cy or ~nadequacy of the value ot the property hereby mort~a~ed, or to ~he solvency
w insolvency o( the Mortsa~as or any other ~rty defendant to such suit. The Mort~~~or hereby apecifically raives 1he risht to object
~ to the appointmen~ of a reeeirer as a(oresaid ~nd hereby e:pressly consents that such appointment sh~ll be wade ~n admitted equlty
~ ~nd as ~ matter of ~bsolute ri~t to the Mor?~a~ee and thst tAe same msr be done without notice to the Mort~a~or.
(t) If faeclosure proceedin~a should bc instiwted •~ain~t the property corered by th~s aart~~se upon ¦ny other lien or claim ~vhethe~
slle~ed to be superior or junior to the lien ot ihis matqse, the Mortsa{ec may •t his option imnedi~tely upon mstiwtion ot such suit
a dutin~ the pendency thereof declare this mortsa{e •nd the indebtedness secured Aereby due ~nd p~y~ble tath~rith and may st ~ts
option proceed to taeclose tAis morts~~e.
~ That the Mortp~a ~ill keep all real and person~l property nor a hereatter cncumbered Ey the Iwn ot tA~s mort~a~e ~nsured as may
~ be required from time to time by the MatL~Lee a~~inst loss by f~re, windstam and other haz~rds, c~sualt~es ~nd contin~encies (or such
per~od~ and ta not less tA~n sucA amoun~a ~a may be requ~red Ey the Mort~a~ee and to p~y promptly .~Aen due all prem~ums fa such
insur~nce. The unounts of insur~nce required by the Morts~aee shall be the minimum amounls tot ~vA~cA s~id ~nsur~nce sAall be wn~ten
and it ~h~ll be ~ncumbent upon the Mori~a~or to maintam such addit~onal insutance ~s m~y be necessary to meet tod compty fully ~r~th ~
all co-insur~nce requirements contained in s~id policies to the ead that the said Mor~~~~or is not a co-insuror thercunder.lnsurance
shsll be written by a company or caspan~es ~pprovad or des~~n~ted by the Mortsa~ee and ~11 policies and rene~rals thereof shsll be Aeld
by the GAatq~ee. All detailed deai~nations by ~he Mor~{aeor rhich ~re aceepted by the Mort~a~ee ~nd all a{reements bet~een Mort~~~or
and Mottss~ee rel~t~ns ~o insur~nce, nmr ex~stin~ or here~tter made, ah~ll be in rritin~ •nd a6~11 be a patt ot this moatp~e s~teement
as (ully •s thou~h set fortA verb~t~m herem ~nd ~hall ~orern both parties hereto and tl~eir successors and assi{ns. No lien upon ~ny of
~~id polieies of insuraoce a upoa anr refund or return prem~um ~rhicA m~y bc payable on Ne caecell~lio~ a tcrmin~tion thereof~ sh~ll
be {iren to other thsn the Motta~~ee, taeept by proper endorsement •ffiaed to such policy ~nd ~pproved py Mort~a~ee. Each pol~cy of
iniut~nte shall h~re aftixed thereto ~ Standard Ner York Mortsa~ee Cl~use Without Contnbuuon, makin~ all loss a losses under such
policy p~yable to the Mortp~ee as its ~nterest may •ppe~r. In the ereet ~ny sum a awns o( money become payable ihereunder the ~fori.
sasee sh~ll have the option to rece~ve and ~pply the sunt on aceount of the ~ndebtedneas hereby secured, ot to perm~t the N~rtsaEnr
~o receire snd we it, a any part thereof, ~ithout thereby ~ruvins or impunns any eQuity, I~en. a n~ht under and by v~rtuc of th~.
mo~tpse. In event of loes w physicsl dama~e to the mott~a`ed property the Morts~~or shall aire ~ edi~tt not~ce Ihereof by m~~l 1~~
the Murt~~see ~nJ the M~r~Easee may makc proof of losc if the camc ~c oot made prump~ly by the ~tor~~a{or. In event of (urt~l~~~urt n(
~ ~ BOOK ~~8 PAGE 329 A
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