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Home My WebLink About1205 I~RI)~'1111=11. ~~I.N.~I'S. Iha1 it Ih~ \1u~tg:~gut .hrll ~+a~ unt~• tht \lurlgeg« Ih~ inJcbteJnr~. r~iJ~ncrd M a i [ crrta~n pruin~..rr~ nute ~+f Nh~rh thc fulluNing ~n N~~~d. and figurc~ a Irur ~~.py ~~~-wit , . " ~ r t 3 1,.425.00 . Fort Pie~g~ MMr~da .Tul_T 24, 1~)~._ . F(? UE KECE ' ~ ~ to ehr unir~ o(`~~~HLAND ~~`t.'~l~~~~T: -'P~~~~~1R ~$~.A thr pnn~•i~Nl ~:um o( ONE THOUSAND SIX HUNDRED TWENTY-FIVE 8I1(~ )(31:1,ARS, together with mt~rr•t them?n (rum date at the ~at~ o[ t~~ percent, per~nnum unti! maturity, both principal and i~itercst bring payable in law(u) monry uf I th~ tlnited ~tatr:~ at '~'.'.-41 Bi..caynr 131~d., ~liami, Florida, cx at xuch other place as the hulders hereo[ may designate in writing. I'rincipa) and interect payable in inxWlments as Iollows: THIRTY-FIVE ($35.00) DOLLARS per month beginning on the 15th day of September, 1975, and_continuing on the 15th day of each and every month thereafter until paid in full. 1'his note may be prepaid in whole or in part a(ter one year from the date hereof upon payment of a penalty equivalent tu ~•i~ht prn•rnt of the prim•ipa) ~um ~~rr~?aid. , Each in~tallmrnt payn~cnt •h+ll !x~ cte~dited fi~t un the interc~t due, and the remainder on principal; and intere.t r.hall thrn•- upun cra..r uF?un th~ principal ao crrdited. ?I~e mak~n and rndunrn uf tl~is nut~ furthcr agree to waive demand, noticc of non-paym~nt and protrat, and in thc eveni wit -1~a11 t?r bn?ught for tl~r coll~ctiun hereof, or the same has tu be collected upon demand of an attomey~ to pay rcasonable attorney'r f<•r. fur makir~g sunc ~ollection. ~ ' 1)~f~rred payment~ hercunder chall bear int~nKt at the rate of ten pereent pe~ annum frc?m maturity until paid. 7'hic note i.c secured by a mortgage ~ of -even date herewith and is to be consdved and en[orced according to the laws of the ~ ~ ~tat~ of Elorida; upon drtault in the payment of p~incipa) andlor inte~r.st when due, the who sum ot principal and interest I r+~mai~ing unpaid sha11, at the option of the holders. become immediately due fl ya L`~ • ~ SEAL . ~ ) ~YICI ~ ~.L(..0~«i.ttjZ. (~EAL) Pr~p~r~d by tipelet & Tendrirh, Attorneya - 22~f0 Bi.wyne Wvd., 111iam' ~otida , ar~J shall perform, a~mply w~th and abid~ by each and every the stipulations, agreements, conditions and cove- , nants of said promissary not~ and ~f this deed, then th~s deed and the estate thereby created shall cease and be null and void. 1. The Mortgagor hereby co~•enants and agrees~ (a) To pay all and c~ngular the {r~nc~pal and mures~ and uther sum~ o( mortey pa)able by v~rtue o( sa~d prom~ssory note and th~s deed, a e~ther, promptly on the days recpcc~~vely the same «.eratly he~umes due. (b) To pe~m~t, canmu ur sutfer no ~r+see aod to ma~n~ain the ~mprovements at all umes m a state o( good repair and cond~t~on, and to do or perm~~ to be done to sa~d prem~ses nothinF that W~11 alter or cAaese the use and charatter of sa~d proper~y or ~n any way ~mpau ot reaken tht secur~ty o( th~s mort6a6e. and m.ase uf the rc(usal, neglect or mab~l~ty of the Mortgagor so repau aed mamUin said proper- tY. ~he MortpEee may, at h~s upuon, make such repnrs or cacce the same to be made, and adv~nce moneys m that behalt, Ic) To pay atl and ~m6ular the tuec, a~ses~mems, lev~ec, I~abiLUes, and obl~sat~ons o( erery nature on ss~d desct~bed property each aRd every ~rhen due ana payable accord~na to Iaw, befere thty become del~nquent, and to del~ver to the Mortsa6ee on or befote March ~ IStA o[ eath year taa rcce~pt. ev~denc~ng the pa>ment ~~f al! lawfully ~mposed taxes for the prccedmR calendar year, to ~edemmfy th~ ''I Mort~asee upon h~s demand (or all taxe~, a.sescmcntc,and eAarges that may be assessed upon ~h~s mort6aae oo the indebtedness cured hereby, and pa~d by mixtgaEee, r~iho~t rcgard to any Iaw herctotore enacted ur hereafter io be enacted ~mpos~ng osyment o: j the Whole ot any ~art thereot upun thc \U•rtEagcc. ~ (d) To pay all and smgular the cost~, charEe~ and eape~ce~, mciud~ng lawyets' fee. and abstract costs reasonahly meurred or pa~d a~ ~ any ume by the \turtRagee becau~e of the (a~lw~ on ~he part o( the ~tor~ga6or to prr(orm, comply ~~~th and ab~de by each and every the E stq+ulat~ons, agreements, cond~huns and cocenents of ~a~d pcom~ssot~' note and th~s deed, or e~ther, and every such'payment shall bear intc~est f~um datc a~ the rate of tcn I1~ ) pcr ccntum ~+cr annum. ~ (el It is f~rthu eorena.•:: and a~reed by aaid p~rties tha~ in tht ereot of • suit be~ns ~nstituted to (oreclose this matt~a~e. tbe Mort- ~ ~~~ee sha11 be eatitkd to ~pply a~ any ~ime pendin; such tareclosure suit to the court hsrin~ jurisdiction thereot (o~ 1be appo~atment of ~ reeeirer of ~11 and aiasulsr the mort~a~ed property, aed ot ~11 repu, iacomcs. profits. issues ~nd rerenaes tAereot. from rhatsoever source deri~ed; aod thererpon it is hereby expreaatr coreoanted aad •{reed th~t We Cou~t sh~ll forthrith ~ppoini sucA receiver ~ri~h ~ We wwl ponet+ and duties of receivers in like c~ses; and sa~d ~ppointment ah~ll be oude by Ne court ~s ~ aattet of strict ri{ht to j tAe 1~tortq~ee, and •ithout reterence to the adequacy or in~deQuacy of ~he v~lue o[ ~he pcoper~y l,erebr m«~p~ed, a to tlie eol~ency € or inaolreacr of the Mortaa~ats or any othcr ~arty defendant to such suit. The Matsa~or hereby ipecitic~lly aaives 1he ri~ht to object ~ to the ~ppoin4nent of a receirer ss a(aes~id and hereby eap~essly conseats tha~ such •ppo~nuaent shall be .ade ~s ~n admitted epu~ty ~ and ~s a~tter o( absolute ri~ht to We Mort~~~ee snd th~t the s~me m~y be done without eotice to the Mortaa~a. t ; (f) It foteclosure proceediep sAould be inatituted ~pinst the property covtred by tAis sortpse upoo anr other lien or cl~im rhether f alte~ed to be superia or junior to the I~cn of thi• mort~a~e, the Mortj~~ee euy at his optioe immed~~tely upon ~nstituuan of such suit ar duria~ tbe pendency ~hereot deci~re this mort~~se and the indebtedne~s secured 6ereby due ~nd p~y~ble fathrith and msy at itx option proceed to taeclose tbis matsi~e. ~ Th~t tAe Ulorl~a ~ri11 keep all re~) ~nd persond properly nor a hereaftcr encwnbertd by tht hen ot tAis aartp~e ~nsured ~s may be required fro* tioe to tise by Ihe Mort~~~ee as~inst loss by firc, vr~ndstorm and otAer haz~rds, c~swi:iea ~nd contin~encies (or such per~ads and fa not Iess tban such amounis •s mar be required by the Mort~a{ee aad to p~y prosptty when due ~11 prem~wns for such inauranee. The ~mounts ot ieauru~ce required by We Morc~~see sh~tl be the miniiawn ~naunts for ~hicA a~id insur~nce ahalt be vrritten ~ and it sAall se incumbeat upon ~he Mort~~~a to mainuin such addi~~on~l insur~nce ~s may be necess~ry lo meet u~d canply fully ~i~h E all caiesut~nce requiremeats comained in s~id policies to the snd that the said Mort~saor is not a cwinsurw thereunder.tnsur~nce ~ sh~11 be rritten by ~ cospaay or compan~ea apyrovcd or dea~~nated by Ne Moretasee aad ~11 policies and reoerals tAereof shall be Aeld pY ~ MortNtee. All detailed desi{niuons by the Idort~~~or rh~ch art accepted br the Mort~a~ee ~nd all yreesents bet~een Morts~~ot g and Mort~a{ee re1~Un~ to insur~nce, no,r :a~stin~ or here~fter made, ah~ll be in rrit~n~ and shall be • par~ of this 0ortp~e ~~rees~ent ! u fully as thw~b set fath ve~b~t~m herein and shatl ~overn both p~rties hercto and their successus and assi~os. No lien upon ~ny of € a~id polieies of insursnce w upoa anY refund w return premiue~ +hieb ~..r e~ p~y~bic on the cancell~tion or terain~tion tAercof~ sAall be ~iven to other ~ban the A~{otta~~ee, e~cept by proper endorsement •ffiaed to such pol~ey and ~pppred by Mat~~~ee. Each policy nf ~ ia~unnee ;hatl have •fti:ed there~o a Standud Ne. York Mort~~see Clause v~thout ContriDution, aukin~ all loss or losses under such F oolitr p~r~ble to tbe Rlotlp~ee as ib interest ewr ~ppear. (n ihe erent aay sue~ a sums of moner becoae Pay~ble ~he~eunder ~he ~1or~- ~ ~a~te sA~ll h~re the ophoo to rece~ve and ~pply the s~me oo account ot t6e indebtedneas herebr secured, or to permit fhc t~nr~~aEor • to receire ~nd we it; or any p~rt tAcreof, r~thout thereby w~irm~ a impairin= any equitr. Gen, or n~ht under and by v~rtue o( tA~. ~ walp~t. In event of los~ or physical dsms~e to the mor~~s~ed property the Mortsa~or shall fire ~mmed~ste noUCe Ihercot by m~~l to ~ tht Mortp{ee ~nd ~Ae Mor~Ra~et may makc pro~~t of loss ~he s~mt ~s not made prumptly by~ ~~1 ~ In eve n.urt ef F ~ OK~~ PAGF~~rvd ~ ~ ~ _ _ - - ~ , ` ~ - =-x~~ _ _ ~ _