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Home My WebLink About2411 ~ ! ! ~ . ~ PROVIDEt1, AI.WAYS, that if ~he Nort~a~o~ shsll pay unto the Nort~a~ee the indebttdness ev~dzncad hy a ~e~laio p~om~~sory note of which the followin~ io words and fi~utes is a true copy tavvil: ~4~~ 3 5,225,QQ Fort Pi Y'~ cei, h'lorida AUt~ust~._ 19 75__ ht?It v.~l.~"h:1tF:cF:1~'F.I~ WE ointl~_ and several pro~~~.:~ p~,~• t~~ thr u~drr o( _._ROSE CRAIR - - r n - - ~h~ p~incipai.um of ~~THQllSAND TWO HL1ND$ED TWENTY-FT_~._g~~11~R.~, together ~vith intr.~r.t thrreun t~o~n Jate at thr nt~ u[ ten ~xn:eot, pe~ annum until maturity, buth principal and intrresl F~ring payablc in lawful munr~ uf the t'nilyd ~t~tr. at '3'~•t~1 Ri•cayne Bhd., ~liami, Flo~ida, or at such otl?er placc as the hulders hereo( may dei+ignate in writing. ~ Principal and interest payable in imtallmenls as follows: ~ ~ ~ ONE HUNDRED TWENTY-FIVE ($125:00) DOLLARS per month beginning ~ on the 15Ch day of October, 1975, and continuing on the 15th day of each and every month thereafter until paid in full. This note may be prepa~d in whole or in patt after one year from the date heteof upon paymcnt of a penalty equ~valent t~~ ~•iKht p~•r~•~•nt of lh~• prim•ipal .um prr~~aid. F.a~h imlalla~~nt paymrnt ~I~all l~ cmditrd fir~t un the intercst due, and the remainder un principal; and inteK•t shall th~•n•- u~~un ~•ra.w• u~~uo lh~• p~in~•ipal •u ~•n~ditrd. Tli~ mak~~ and rndur•rn uf ll~i. nu1~ furthrr aKn•r tu waivr. drmand, notice uf nun•{~aymrnl and protest, and in lhe event •uit .I~all I~r bruuRht (ur thr ~•ollrclion herr.~~f. ur thr same hati to t,e collccted upoo demand o[ an atturney, to pay rra.sonable attorney~r frr~ fur maki~~ such cullrcliun. . ( l~f~n~d payment~ her~und~~ •hall bear int~rc~t at the rat~ oi ten perce~t per annum frum maturity until paid. 7'his notr i.c cecurcd by a mort~a~~ of even date herewith and is to be construed and enforced accordit~ to the Iaws of the ~tatr of tlorida; upon default in th~ pa~ment oi principal andlor intere.~ when due, the whole m of pnncipal and int~rc~t r~~maining unpaid ~hall, at the option of the holderc, become immediale y e and payable -~j' ~ ~s~a~~ ~ _ z~.~~ ~ L~~~ Vrrwr~d ~y ~p~eler & Tcndnch, Alt~rneys - 2'~~t0 Ri~cayne lilyd., N1ia ' lorid ar~d shall pe~fcxm, comply with and abide by each and every the stipulations. agreements, conditions and cove- nants of said promissory note and of this deed, then this deed and the estate thereby created shatl cease and bc null and void. 1. The Mortgagor hereby covenants and agrees: (al To paY ~~n~ulu the principal aad ~nterest snd other sum~ of money payable by virtue of s~~d pran~sso~y note and th~s deed, a e~ther, paoptly on t6e days respectirely the same sererslly becomes due. (b1 To perm~~, caam~t or sutfer no ~ras~e a~d ~o msmtam ~he improvemeats at all umes in a state of ~ood tepair aed cond~uon, and to ' do or perm~t to be done to aaid premises noth~ns that w~ll alu~ or chanse Ufe use and chuacter o( said property or ~n any ray impa~r or •eaken the secunty of lh~s morip~t. And ia csse o[ the retusal, ae{lect or iosbility ot the Irlort~asor to tepair arA winu~n said proper- ty, ~he ?lat~a~ee may, ~t hia opl~on. make such repa~rs or esuse tLe same to be sade. aad ~dvance aaneys in that behalt. ! (c) to psY all and ~~n~ulu U?e tsaes. assessments, lev~es, lisb~lities, and obliptioas o( every aatwe on ssid described property each i and eretr ~hen due aad paYable accord~n~ to law, betore they became delinquent, snd to deliver te the INortasiee on or be(ore Ma~ch I IS~h ot eaeh rear tax receipts erldencm~ tAe paymem ot all lawfully ~aposed tsxes tor the preced~n~ ealeadu Year; to indemn~(y ~he ~ INort~a~ee upon h~s demaad tor al) tsaes, s.sesaments and char~es that aay be assessed upon t6is aortsa~e on the indeEtedness cured hereby, and psid by the mott~a~ee, v~thout resard to any I~v Aerttofote enacted ot heteatter co be enacted imposies ?ayment of ~ thc whole or any ~art theteo( upon the Mort~a~ee. i R Idl To psy sll and sin~ular t6e costs, char~es and ezpenses. ~ncludm~ laryers' fees snd absuact costs teaamably incutted ~+r paid a~ j any t~me Ay thc Mortsasee becauce of the [~~lure on tAe par~ of the Mat~~~or to per(ora. eaeply w~th and ab~de by each and tvery the ~ c~~pulat~ons, ssreemeets, cad~t~ons and corenants o( sa~d promissoty aote and th~s deed, at ei~her, and erery sucA'p~yrt~eet shall bcar mtereat ttae date s~ the rs~e of ten (10'~) per centum per anaum. (el It ic further coren~nted u~d a~reed by said par~ies thst in the event o[ s suit beio~ ~nat~tuted to toreclose th~s mortia~e, the l~lor~- ~a~te shatl be entit{ed to ~pply at any ume pendins such toteclosurt suit to tbe court 6svins jur~sdict~ae thereof (or the ~ppo~ntment of a rece~ret of all and sinsular tAe mort~a~ed propetty, and ot sll tents, incomes, protits, issues snd revenues Ihettof, trom sAatsoever .ource den~ed; snd tAereupon ~t ia hereby e:pressly covemeted aad s~reed that We Caut sball (orthrith aPpoint such receiver W~tA ~ tRc uswl power~ and duues of rece~rers in like cases; and sa~d aOpomtment shsll be aude by the tourt as s matter of strict n~ht to ~he Mat~a~ce, and +~~thou~ reference to tht adeqwcy or ~nsdeQuacy ot the ralue ot the property hereby ooct~a~ed. or to the aolvency ~ .x ~nsol~enc of tht Aiort a ors o~ an other art defendant to sucA su~t. The Mor~ a or hereby s citically raives the n At to ob ect r ii Y p Y iL 0~ ~ 1 ~ ~o the appo~ntment of a recei~er as afoasa~d and herebr expressly consents that such appointsent sAall be msde ~s ao admitted equ~ty ~ and ss s eeatter o( absolute riaht to the Mort~a~ce sad tbat the same oaY be done r~~hout notice to the Mortas~or. ~ lf) 1! foreclosure ptxeediap should be inatituted asainst ~he propertr corered by Wis mottp~e upon any other lien or cla~m +~Aether ~Ile`ed to be superior ot junior to the lien ot this e~ort~ase, the Mort~a~te may at h~s option iereedistely upon mstitut~on of auch su~t a dunn~ the pendeecy tAtreof dtclare th~s mat~a~e •nd the indebtedeess secured htteby d~e and paysble (orthr~tA and may at ~ta opt~on proceed to toreclose th~s mats+ie• ~ (~l TA~t tAe Alo~t~a ~ill keep all rod and petsoeal proPertr nor ot hereaRer encumbered by We lien ot this mort`a~t ~nsured ss may ti be required iran t~me to tiise by the I1lorta~ste aqinst loss by f~te, w~ndstorm aed ot6er ha:ards, c~suai~~es and contm~encie~ fur sucA pe~~ods and tar not Iess thaa such aawunts as o~y bt requued by. the AbrtNSee and to psr proeptly when due all prem~wns (or such y insw~nce. Tke a~ounts o(-io~rt~ace reqwred by We Mw4~iee s6a11 be the sia~ewo amoua~s ta ~A~ch sa~d ~nsur~nce shall be w~nuea ~ and ~t shali be ~ncumbtnt apan the Mortsa~or to maintain such addiuonal insurance •s may be necessary to meet and canplY tullr v~Ih ~ sll co-~nsuranet requitements eontained ~n aaid pol~cies to the ead thst the s~id Mat{~ja ~s not a cwins~ra thereunder.lnsurance " shall be ~r~tte~ by a cowPawy a co~p~n~es sPptored or des~~nated by t6e Mort~atee and all polic~es and rent~~ls tAereot sb~il be 6eld ~ by the Mat~a~ee. All dt4iled desi~nations Ay t6e Mortqsor rh~eh sre ~ccepted br tfie Mortp~ee and all sareeoents bet~een Mortp~or and Mort~aaee rel~t~n~ to ~nsur~nce, no~ e:~sun~ or herea(ter made, aA~ll be in wnt~n~ ~nd shall be a pui of ~his mortpse ~~reeeee~ ~ as fully a~ thou~h set torth ~erb~~ne herein ~nd shall ~overn both p~rties hereto and thei~ successors snd ~ssi~ns. No lien uPon any ot ~ aaid polic~es ot inswance a,rpo~ aay refund a retum pres~wa whieb w~y be p~y~ble on the cancellation or ien~~uatioa thereof. sh~ll ~ be ~~ven ~o ahe~ Man t~e, Yort{stee. eaeept br proper end«sement ~f(iaed to such policy and ~ppored by Matq~ee. Each policy of ffi msur~nct shsll have atfiied thereto a S~aadard Ne~ Yak Mortp~ee Cl~use r~thwt ContnbuUOn, e~ak~n~ all loss ar losses unde? ~uck ~ pol~cy paYable to ~he Mortsa~ee as ~ts ~aterest msy apPear. In tAe ereat inr swe or suss of aoney becane payable thereunder the ~tort- ~ ~a~ee sh~ll have the opuon to rece~ve and •pplp tAt s~aAe on account of the iedebtedness herepy secured, ot to pet~e~t the ~NxtE~R~~ to receive and use ~l, or •ar parl thc~eo(, ~i~Aout thereby .uair~n~ ar impair~r?~ any equ~tr, I~en. or n~ht under and Ay vutuc o( th~. ~ ma~~s~e, (n erent of loss ar pArs~cal dsmase to tht moct~~6ed ptopt~ty tht Nortp{a sh~l! ~~ve ~miaed~ate nouce thereut by rr.a~l t~~ ~ . ~hc ~1~irtp~er ~nd ~he A1~x~RaEee may makc pro~,f of lo.. ~hr ~ame ~c not made ptwnplly by ~ht ~Iatp~ar. (n evem n! I~xe~tn.ure of ~ ~ B~~K ~4~ PACE~4~.3 ~ ~ ~ ~ _3 , _ - _ ~ Y.. ~ , ~'k ~r~ ~w ~ . ~ •~~~~~~x'~;r _ - . _