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Home My WebLink About2082 . , ~ . , ~ PRQYIQFII, AL1kAYS, that if ~he ~1or~ga`or shall pay uoto the ~lortsa`ec the indebtedness rv~Jencad by a certa~n pnxni~ao~y nole af wh~ch the follow~ng in worda a~d fitures ~s a ttue copy ta•wit~ ~Co~ctq ~ • gc ?Zatc / . y_2~175.00 T~ Fort t~ crce, ~:~„~~~la April 12, 75_ M(Ik V~V.I'E: RF.CF:I~'F.U WE~_~ointly_ _ and _sev_era11Y~_- ~,~o?~?~..• tu pa~ thr u~dr~ ~~f - -----NAT _FRIEDMAN, _ TRUSTEE, _ - - - ' - - - # ~hr p~inry~al ~um uf TW~ THOUSAND ONE HiTNDRbl; SEVENTY-FIVE _and _~R~~;QR~, tu~;rth~•r Nitli int~•r.••t ; thrreun frum date at thr rat~• uf t~•ri pcrc~nt. ~~rr annum unti) n~aturih~. Lulh principal anJ iut~•rest Lriu~ payablr 111 I:IW~UI IIIUIIr~ uf ~ ~Ihr L'nitrd ~ta1r, at :.'~~1•1 lii>~•ayn~• lil~d.. ~liami. EloriJa, ur at ~urh ull~r.r placr th~• hulde~. liereu( may de.i~;n~te in wr~tin~. Pri~uipal and intenst pa~•able in in~lallment• a> fullow.: f SIXTY ($60.00) DOLLARS per month beginning on the lSth day of June, 1975, and continuing on the lSth day of each and~~every month thereafter } unCil paid in full. ~ ~ _ Th~s nutc ma~~ bt prepaid ~n ~~•hole or in part after onc year from the date hereof upon payment of a penalty equivalent t~~ ~•i~hl p~•n•rn! ~~1 th~• prim~ipal ~wn ~~rrpai~l. ; N:arl~ imtallm~•nt pa~ nn•nl ~6~U Lr rrrdilyd (ir~t un thr intrresl duc, and t6~• rrinaindr~ un principal: and intrr~•t ~hall lhrn•- ~ upui~ ~•~•a>r upun Ihr prinripal ~u ~•rrdil~•d. . - 7 lir n~ak~~n and ~•ndun~•r~ uf thi. n~~t~• furthrr a~r~•c I(? h':11Y~• IIl•mand, nutic~• uf nun-pa~ mcnt and prul~•;t, and in lh~• t•~•rnt ~uit ~hall br LruuKht fur t6r ~•ullri•tiun hercuf. ur th~• same haa tu be coll~~ct~•d upon demand of an atturney, tu pay reasonablc atturn~v~• ~ 1~•r- lur ni~kinR ~ui•h ~•ullr~•tiun. a I)rf~rrrd ~?a~ mrnt~ hrn•iu~d~•r .hall brar int~•n••t at thc rst~~ u( ten prrc~•nt p~•r annum ftu~n malurity~ unlil ~~aid. ~ 7~hi~ nutr i: :ecured t~y mortKaKr of even date h~rrwith and is tu t?e ~~~nstrurd and enforced accorJin~ tc~ the laws ~,f thr I ~tat~ uf florida; upnn drfault in thr pe~•mrnl ~~f principal amL'or interrst when due,~the whole wm o[ principal anJ inl~rest ~ rrm•r~nin~ unpaid ~I~•rll, at lhr option of thr hulden, become immediately ~jand payable. i ~ _i ..~%~~~"'L''~'%~ ~~.C~~i?{~~\L) 3 i 5'~- "C`Lc _ ~ .t.~-~~- ~ E,~l.j ~ ~ Yreyar~d b~ ~pKl~r K Tendneh. \Itorne~•~ '12~Q R~w~ayne Blvd.. ~liami lori,a ~ a ~ ~r~d shall perform, comply with and abide by each and every the stipulations, agreements, conditions and cove- nants uf tiaid promissory note and of this decd, then this deed and the estate thereby created shall cease and bc null and voiJ. 1. The Mortgagor hereby covenants and agrees: , la) To paY all and ~~n6ular the pr~nc~pal and ~nterect and other sumc o( money payable by virtue of sa~d pran~ssory note and th~s deed, or e~tAet, promptly on the days respectively the same severally Decanes due. lb) To perm~t, cix~unil or sufter no ~raste aod to ma~num the improvements at all Umes in a stale o( sood repair and cond~t~on, and to do ~ permi~ ~o be done to sa~d prem~ses nothm~ that +•~11 alter or chan~e the use and char~cter o( said property or m any ray ~mpau or reaken the secunty of tA~s mort~a~e: And ~n case of the refusal, ne~lect or mab~lity ot the Mortsa6or to repa~r ~ed mainuin s~id proper- ty, ~he Ma~p~ec mav, at h1s ophon, make such repaus or cause the same to be made, and adrance moneys m that behatf. , (c) To psy all and ~msular the uaes, sssessmenis, levies, liabil~ties, and oblipuoes of every naWte on sa~d desttibed ptoperty each I and evety ~rhen due and payable accordin6 to Isw, be(are ~hey become deliaquent, and to deliver to the Mort6a6ee on or before March ~ ISth ot uch yeat tax rece~ptc er~dencm6 ~he psyment o( all la~v(ully ~mposed taxes tm ~he prscedins uleodar year, to mdemmfy the t Af«t~a6ee upon h~s demand (w all taaes, a.sescments ami charses that msy be assessed upon ~his most6a~e on the ~ndebtednccs ~ cured hereby, and paid by tAe morlsa6ee, Mithow re6ard to any la~r hereto(at enacted a herea(ter ~o be enacted impos~ne payment o: ~ the Mhole or any ~art ~hereot upon thc Atort;a`ee. ` Id) To pay all and sinaular the costc, char6es aod eapenses, ~nclud~n~ lavyers' fec+ and abstract costs teasonably incurred or paid at eny umr by the ~1~x~Ea6ee becau.e ot Ihe fs~lure on ~he par~ o[ the Mw~~asor to per(orm, canply vrth and ab~de by each and rvery the ~ ct~pul~~~ons, a6reements, conduions and covenants ot sa~d prom~ssay note and th~s deed, or tither, and every such-paymeot shall hcar ~ ~ntrrest Qum da~t a~ the ra~e o( ten UO`E) per centum per annum. lel it i~ furtAer covenanfsd and s~reed by sa~d part~es that ~n the event o( a su~t be~ns msututed to foreclose this mort`a~e, the 111wt- ~ ~ Es~ee shall be ent~tled to apply at any t~me pend~n~ such faeclosure suit to the court havm~ jur~sdict~on thercof (or the appomtmem ~ o( a rece~ver ot all and cinsular the mortgased property, and of sll rents, ~ncames. profits, issues ~nd revenues thereot, from whitsoeve? ~ .~wrce denved; and thereupon ~t ~s hereby eapressly covenanted and a~reed that t6e Court ahall fwthwith appoinl such rect~ver rr~th ~ ~he wual powerc and duUes ot receivers in like c~ses: and said appomtment sh~l1 be made by 1he court as a matter of strict ri~ht to a Ihc Mewt~a~te, and ~r~thout re(erence to Ihe adequacy or ~nadequacy uf the value o( the property hereby mort`ased, a to Ihe colvency ~ ur ~nsolvency of the Mwtsagas a any other party de(eewiant [o such s~~i. The Mor~aasor hereby spec~f~c.lly Maives ~he r~`h~ ~o ob~ect ~ tv the appo~ntment of a rett~rer sc aforesa~d and hereby etpressly consents that such appointment sh~ll be made as an admuted equ~ty ~ •nd as a mat~er o( absolute n~A~ to the Matpeee and that the samc rosy be done w~[hout notice to the Mort~a~or. ~ ~ I(1 If forccloaure proceed~n~s should be instiwted ~pinst the property covered by this owrtpae upon any oNer lien or cla~m whaher ~ ~fleEed to be supcnor or ~unior to tAe I~en ot ~his matp~e, the Mortsa~ee may at h~s opt~ort immedutely upon mstituuon of cuch su~t or dur~n` the pendency thereo( declare ih~s morts~~e •nd the ~ndebtedn~~s secured hereby due and payable (orthw~th and may at ~t~ ~ up~~on proceed to (oreclose th~s martpse. (6) Th~t the Mort~a~or will keep all real and personal property nov a hereafter encumbeted by tht I~en ot th~s mortsa~e ~nsurcd as m~y y be requ~red itan time to time by the Mortp`te a~ainst loss by hre, w~mis~orm and ather hazards, casualhes and cnnunEtnc~cs fo~ such per~ods and ior not less than such amoun~s aa may be requued by the #fortp~ee ~nd to pay praoptly when due all prem~ums for sucA ~ msunnce. The amounts of ~asurance requ~red by tbe Morti~~ee shall be the min~mum amounts tw vA~ch said msurance shall bc wntten x ~ and ~t shall be mcumbent upon the Mort~a~or to mainta~n such addihonat ~nsurance as m~y be nece~sary to meet and comply (ully wuh all co.msursnct reqwrements contamed m sa~d pohcies to the end tAat the sud Mort~a`or ~s not a co-~nsurw tAereunder.lnsurance shall be Wn[ten by a coa~pany ar compan~es approved w des~~nated by the l~Aort~a~ee and ~11 pol~cus ared renewals thereof shall be held by the Ma~psee. All deta~led des~snauonc by the Mor~~a`or rrh~ch are accepteQ by the Mort~a~ee snd all asreements betreen Mat~a~a and Mor~~asee retat~ns to insurance, now ealstins or Aereafter made, sh~ll pe in ~ntins •nd sAall be a part of th~s matp~e a~reement ~ as tully as thou~h set f«M verbaum herem ~nd ~hall ~overo b~~h paraea hereto and theu successors ~nd ass~~ns. No Gen upon any o( s~id poGues ot msurance or upa~ sny re(und or return pemium ~h~ch may be payable on the uncellauon or te~m~nat~on thereof, sh~ll ;y? be ~~ven to other ~Aan the Natp`ee, eacept by proper endorsement atfixed to such pol~cy and approved by Mat~~sea Each policy nf msunnce sh~ll h~vt a(f~aed thertto a Standard New York A1or~p~te Clause r~thout Contnbuuon, mak~na all loss or losse~ unJer such ~ pohcy payable ~o ~he Matp~te as ~ts ~nterest may sppe~t. In the event any sum or sums o( money become psyable thereunder the \torz- ~~see shall have ~he opUOn to receive and spply the same on account of the mdebtedness hereby secured. or to permu the \tortEapnr ~ to rece~ve and use u, or sny part ~hereof, w~thout thereby Wa~vma a impainns sny eQuity, 1~en, ot n~ht under and Ay vutuc o( ~Ai. : ~ mer~`ase. In event of loss or phys~ca~ dama6e to the mwteaRed property the Mort`agor shall 6~ve ~mmed~ate noUce thercu( by rr.a~i t.. . ~ thr ~tat~sRtr roJ thc ~1ortRaEet maY make M~~„f o( 1~~.~ ~I ~hr .amc ~c not made prumptlY by Iht ~tat`a{a. In erenl nf Iwe~ln.urt n( . ~ ~ ~ Q ~ . 8oox~,~ p~20`~ n`u r ~ .5~=, f . `s' x,~~ ..~~;m.~-~ 4 j I` Y? ; ) 1 . .