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HomeMy WebLinkAbout0580 ~ 1 . ~ ~ PROVIDED. ALWAYS~ that if the Mo~t~~or shall pay unto the Moh~ag~e the indebtedneu evidenced by a oertaia pwmiaory note of which the followinA ip words and fi~ura ~ a true copy tawit; .~l~Hh~'ya~re e/%~ S 2, 875.00 _ r'ort Pierce F~«;d, M~~. _ ~9 Z~_ ~ FOR VALUE RECEIVED WE, ioiritly,_~nd sev~rallv promi~e to p~y to the adrr ot I"RRIAM GLASSER ~he principa! wm of 1'WO THQUSAND EIGHT Hjj,~IDRE,L~ SEVENTY FIVE AND -----NO/IOOppLU~, ~ t~~gethei wilh interest thereoa fran date at the nte of tce perceet. per annum until maturity, both p~i~uip~) and inteeat beia= ' aayable in lawful money of the United Stata at 22A4 Bac~yne Blvd. Miami, Florida. or at auch wber ptaoe ss the hutdas henwf ~ may designate in wcitina, Principal snd interest payaWe in instal{menta u toNor?s: ~ ~ ~ SEVENTY ($~0.00) DOLLARS per month beginning on the _ ~ 15th day of July, 1~78, and continuing on the lSth day of each and every month thereafter until paid in full. , ~ 'Il~is ewe +way be p.epaid ;a wbole or in part at any time upoa pa~~aent of a penalty eyual to eisht pc~rrnt uf ~he principal ~uo prepaid. . ' Fach installs~tnt pa~nneat ~h~11 bc crediled ('tnt on Ihe interest Jue, aod 1he ~rmaindet oa Priucipal: and iale~t ~hall t6crwpoa ewse upoa ' ~ thr prineipal ao craiited. ~ f i The maken and endoners ot this note fu~ther ~~n~e to aive d~and, ootiee oG non-paye~ent and prote5t. aod io tbe event wit ihatl be 6ro~ht ~ ; i fur ~h.~ ~dleetiaa bereot, or 1he same has to be edlccted upun d~~nand oi sa attorntY. to pay rcsiwu6le alt~x~Kp's.tees tor nukint sueh edleetiow. j Ik(er~ed paYmea~. hereuader ~hall be~ar intere~t al the rate of tcn percml pet asnum (rom maturitr untit paid " ~ Thi~ nute is yrcured b~ a morlpRe ui eren date hetew ith and iti lo be cunctrued and ~h(orced accorJine Iu Ihe laws uf Ihe Sb~e uf Flurida; upoa ' d~fault in the pay~ent ~,i- prinripal andlw intenst when d~e. 1be wi~de sum oi prineipal aad ialerat remaini~ uapaid aAall. at Ihe optioa ot the ' hulden. beeome immed'utely due and pa~~able_ . ~ . s/ ~1 A~ ~...J e~ ~ 1 ~M ~[3:_ , ~ (SEAL) ; ~ ; s~,-~.~ .z -~l ~ (S6A[.) Pre~aeed ~r SwdeY.H. Spieler. Mtarne~-,2240 ~scaYne Blyd., Mia~i [~lorida 's~ _ ~ . and shall perform, cbmply with and abide by each and ev~ery the stipulations, agreements, rnnditans and cov~ewnts of said pmmissory note and of this deed, then this deed and the estate thereby created shall ce~e and be ~ull and void. The Mortgagor hereby covertants and agrees: (a) To pay all ar+d singular tht principa! and interest and other sums of money payable by virture of said promissory note and Ihis deeA, or either, promptly on the dsys rapectively Ihe same severally becomes due. . (b) To permit, commit or suffer no waste and to maintain the improvements at all times in a state oi gond repair and rnnditan, and to do or permit to be done to said premixs nothin6 that will alter or chanae the use and chuacter of said property or in any way impair or weaken the security.of this mortgasa And in cax of the retusal, neaiect or inability of the Mortgsgor to repair and :naintain ssid ptoperty, the Mort6agee may, st his option, make such repaits or cause the same to be made, and advance moneys iri tha[ behalf. (c) To pay all and sinaulu the taxes, assesunents, levies, liabilities, and obligations of eve~y mture on ssid described propeAy ach and eve~y when due and payabk ucordi~ to law, bstore tNey become deliquenl, and to detive~ to the Most6agee on or 6etore Much 1 Sth of eacA ytar tax receipts evidencing the psyment of sU lawfully imposed taxes fdr the preceding calendu year;to indemoity the Mortea6ee upon his demand tor all hxes, asxssments and chuges thst map be asses'sed upon this mort6a6e on the indcbtedness secured hereby, and paid by the mort6aEee, without re6atd to any law hetetoforc enacted or hereaRu to be enaded imposin6 payment.of the whole or sny part thereof upon the Mortgagee. - ' (d) To pay a!1 and singalu !he costs, charges and expenses, includins lawynrs' fees and abslract msis ~easonably incurred or paid at any time by the Mortgasee beause of the failure on the psrt of the Mortsagot to perform, comply with and abide by each and erery the stipulatioiss, aateements, mnditions and covenanls of saiQ promissoty note and this deed, or tither, and every such payment shall bear enterest trom date at the rate of ten ( IO~c) pet centum per annum_ . _ (e) It is further ~nnvensnted and sgreed by. said parties that in tht erent of a wit beina instituted to foreclose this mort6ase, the Mort- 6agee shall be entiUed to apply at any time pendin` such foreclowre wit to the murt havina jurisdiction lhereof for the appointment of a rcceiver of all and sirgular the mort6ased property, and of all rents, inmmes, profits, iuues and revenues thereof, from wbstsoever source derived: snd tbereupon it is hereby expressly mnrensoltd and a6reed that the Court shaU fortfiwAh appoint such receirer with the usual povrers and duties of receivets in like cases; and ssid appointment shalt be made by the aourt as a matter of strict ri~ht to the Mort- gagee, and without reference tu the adequacy ot inadequacy of the value of the propctty hereby mortgsaed, ot to the solrency ot insol- - rency of the Mortaaaon or any other puly defendant to such wit. The Mortgagor hereby specifically waives the right to object_ to the appointment of a receirer at aforesaid and hercb> expressly consenis ihat such sppointment shall be rwde u an admitted equity and u a matter of absolute right to the Mortga6ee and that the same may be done without nolice to the Mortgsgor_ (n .If foreclosure procudinss should be instituted agiinst the propeKy corered by this rrwrisage upon any other lien or claim whelher alltged to be superar or junior to the lien of this mottgage, the Mort6agee may at his optan immediately upon institution of wch suit or during the pendency therrof declue this mortgage and the indebtedness secured hereby due and payable forthwith and may at its optan . proceed to forecbu this mortaage. That the Mort~agor will keep all real and perwnal~property now or hereafter sncumbered by the lien of this mortaage insuted u may be reQuired from time to time by the Mortgagee against bu of fire, wiodstorm and other hazards, casualties and continsenciss for such perioQs and fo~ not leu than such amounts as may be requ'ved by the Mortgasee and to pay promptly whea due all ptemiums for such insurance. The amounls of insurance required bY the Mortgasee sha!! be the minimum amounts for whtcb said insurance shall be vrritten and jt shall be incumbent upon the Mortgagor to maintain such.additional insunnce u msy be necessary to meet and comply~fully with sll rn-insunnce requ"vements contained in said policia to the end that the said Mortsssor is not a co-insuror thereunder. [nwraace shatl be written by a company or mmpanies approred or designated by the Mortgaser and all policies and renewals thereof shall be held br the Mongagee. All detailed designations by the Mortgagor which arr accepted by the Mortga6ee and all asreements between Mortjagot snd Mortgagee relating-to insurance, now e:isting or I~ereafter made, shall be in writing and shall be a part of this mortga`e agreement ss futly u though set forth rerbatim herein and shall govern both puties hrreto snd their successon and assigns. jVo Iien upon any of said policies of insunnce or upon any refuod or return premium which may be payabk on the canctlptN '~~e~d~~alion thereof, shall be tiven to othet than the Mortgagee, ezcept by proper endorsement affixed lo wch policy and a0ptov~ 6y MortsaEee. Each policy ot insurance shaB have affixed thereto a Standard tiew York Mortgasee ['iause withoul Contributan, makina a11 bss or bsses under such policy payable to the Mortga6ee as its interest may appear_ In the event any wm or sums of money bccome payable thereundet ihe Mort~ee shall have the option to receive and apply the same on account of the indebtedness hereby secured, or to permit the Mort`asor to re- ceive ami use it, or any put thereoi, w-ithout thpeby waivina or impairina any equity, lien, or riEht under and by rittue of this mort- ga6e_ In event of bu or physical Jamage to the mortgaged property' the Mortgagor shall gire immediste notice thereof by msil to the Mort6a6ee and the MoAgasee may make proof oi loss if Ihe same is nol made promptly by the Mort~agor. In erent of foreebsure of . . ~ OR f . . _ _ _ ~ ; ~00~287 . j~~- X+~ ~~.'3.,':- 'i.Y, ~ x`, a`+ sA-x~~':~~.~ ~ _ - ~-~'-~'~^~~~~~~iLiya•~'"~f `f....