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Home My WebLink About0586 ' ~ . ~ r, ~ ,~~j PROVIDED, ALWAYS. that if the Mort~or ahaU pay unto the Mo~t~s~ee thq iqie~~t~s evidencid~~ certain promi~sory note of whid~ the ioUowiiut in wo~ aad t~ura is a true conv tawit; i ~ ~~~yN~ ./~0~6 + S 4, 725.00 Forr Pierce F~a;~„ i"~Y S~ • l9 ~ ~ WE, jointly and severally ~o p.y ( FOR VALUE RECEIVED MARVII~1 S ARANS, AS 13ti~S"I'h~ U~1t ~AT (~lAIN 1~.00R~ AC~ 1~'JWN A~ ~ „~~~der ot pFI~1SI0N PIAN" S. AItf1~1S M.D. D.M.D. P.C. M~.'Y P'~IASL FOUR THOUSAND SEVEN HUNDRED TWENTY FIVE -1'~ 100 pp~~Rg, ; ~ the principal sum oi ! tosNhcr with intecat lhereon Irom date at the rste of tea perceat, per annum untii nwturily, botl~ principal ~nd ia~rat beia~ payablc in lawful money of the United States at 2344 Biscayne Bivd.. Miami, Flocid~, or at wch Mhet pl~ce as the hdders bereof may designate in writu~g. Principal and intercst payablc in installmeats as follows: i~ ONE HUNDRED ($100.00) DOLLARS PER month beginning on ' the 15th day of July, 1978, arid continuing on the 15th ; . day of each and every month thereafter until paid in full. i . . ; ' I aid in ~rhde or in psrt at tny time upun psyrACnt of a penalty eyual to ci~t peocent ot lhe principal sun p~epaid. ~ Thi, ~ae mar be PKP , F~ch intitaUe~eat pa~mant s1uU be endited first un 1he inlercst iiue, a~d the remainJer on prine'q~al; and 'utereal iall. lhe~eupuu ease upo~ , I thr principal socredited. The maken and endo~ oi this nole turU~er s~ec Io Mai~•e demand. notiee o[ non-pa)'meni anJ ~otat~ awd ia We erent suit siull be b~a~t ~ tor the cdlcetion hereof. or the same has to be cdlected upon demaad ot an ~ttorney, to paY reawnaWe atlurney's teaa tor ~akin~ fuch cd~cetioa p~femrl pa) Aents hereumier ~iwil b~ar iaterest at 1he rate of tm peaewt per sn~wm irw~ uuturit~ until paid. Tha nole is secund by a mort~a~ oi e~~n date. haewi~h and is to be eoastrued and ~nfurccd atcurdia` to the (aws of tae Ctale ot Floridr ~ow iiefault ia lhe payuunt ot principal audior interest xhen du~, 1he whde eum o( principal and iatensl rasainin~ w~paid duil. st We option ot tfie i b~ . ~ hddc~s. becwne imtac~liateh du~ and pa)aWe. ~ ~ ~I ' ,S~/ ~dcs- ~-ft.FiC.i t~ ~ (SEAL) , } I ; --s~ Lc•c~ ~ ri y~ ~ (SEAL) , ~ prqsrri?y St~nteY H. Spielcr, Atturne~-2240 ~acaYae &vd., Mia~i Flarida - { - and ~ati perform, comply with and abide by each and erery the stipulations, agreements, rnnditions and oovenants of said promissory note snd of thi~ deed, then this deed and the estate thereby created shall cease and be null and void. r 1. The Mortg,agor hereby rnvenants and agrees: able b rirture of said romissor note and 1hLt deed, ; (s) To pay all and sin6ular the principal and interest and othet sums of money pay y P Y or eithu, promptly on tde days respectively the same severally becomes due. (b) To petmit, mmmit or suffer ra waste and to mainlain the improvements at all times in a state of Eood repair and rnndition, snd to do ot petmit to ~e done to _said ptemises notdin` ttiat will slter or cha~6e the use and c6uacter of uid ptoptrty or in anr w-ay impair or - weaken the security of this mortga6e_ And i~ esse of the refusal, ne~lect ot inability_ of t6e Moct`aaor to repair and maintain said property. the Mortgaaee may, at his option, make wch repairs or cause the same to be msde, and advance moneys in th~t behalf. (c) To psy all and singulu the hxes, assessments, levies, liabilities, and obliptiont of every nature on mid"described ptopertp pch and erery when due and paypble sccotdi~ to law, before they become deliquerit, and to deliver to the Mortgagee on or before March 15M of a ; each yesr ta: receipts evidencins the paymmt of all lawfully imposed taxes for the prceed"u?6 calendu y~u:to indemnify the Mortpgee f ~ upon his demand fot all taxes, assessmenls and chat6es that may be assessed upon this mort`a6e on the i~ebtedness s~cuted hertbr, and : paid by the mort6s~ee, withuut re6ud to any law herctofore enacted or hertaRer to be enacted imposirg payment ot t6e whok or any F part thercof upoqtbe Mortaa6ee. _ ~ (d) To psy alI .and singulu the msts, charges and expenses, incluJing lawyers' tees and abstract rnsts reax~nably incurred or paid at any time by the Mort6aate benuse of the failure on the part ot the Mortga6or to perform, mmply with and abide by ach and every the e stipulatioru, a6reements, conditions and covenants of said ptomiisory note and this deed, or either, and every such payment shall bear interest trom date at the nte of ten (10`,fc) pec ceMum per snnum. (e) It is turther oonvenanted and agreed by said parties that in the event ot a wit bein6 instituted to foreciose this mort~sae. the Mort- . gaaee shall be entitled to apply at any time pending mch foreclosure wit to the rnurt haring jurisdidion thereof tor the appointment of a receiver of all and sin6ular the morc~aea Proariy, and of all rents, inooms, profits, iuues and revenues thereof, trom whatsoever source derired: and thereupon it is hereby expressly mnvenantai and agreed that the Court shall forthwith appoint wch receiver with the ' usual powers and duties of receiven in like cases; and said appointment shalf be made by the oourt u a mattet of strict ri6ht to the Morl- 6agee, and without teterence to !he adequacy or imdequacy of the value ot the propMy hereby mortgaged, or to the solvency ot insol- vency of the Mortgason or any_ other puty defendant tu such wit. The MoRga6or heteby specifically vraives the right to object to the appointmenl of a receirer u aforesaid and hereby expressly rnnunts that such appointment shall be made as an admitted equity and as a matter ot absolute right to the Mort6agee and that the same may be done without notice to the MortEasor_ ~ If toreclosure pwceedings should be institated sgainst the property mvered by this mortgage upon any other lien or claim whether atleged to be superior or junior to the lien of this mortsage, the Mortgagee may at his option immediately upon institutan of such suit or durina the pendency theteof declue this mortgage and the indebtedness secured hcreby due and payable fonhwith and may at its option proceed to forecbse this mort6~6~• ' (a) Thal lhe Mort6a6ot will kcep all teal and persona! propMy now or hereaRer encumbered by the lien of this morlaaae insured u may t+e requued trom time to time by the Mort6agee against bss of fire, winds+lorm artd othet hazaids, casualties and mntinfencies for such ~ periods and for not less than such amounts as may be required by the Mort~a6ee and to pay promptly when due all ptemiums for such ~ ~ insurance. The amounts o[ inwrsnce required by the Mort6asee shall be the minimuro amounts for which said insursnce shaU be written and it shall be incumbent upon the Mort~agot to maintain such additional insurance u may be necessary to meet and compty fully with all % rn-insurance requirsmeats mntained in said policies to the end that the said Mortp6or is not a co-insuror thereunder. Insurance shatl be ~ written by s mmpany or oomQanies approred or designate~i by the 6lortga6ee and all policies and renewals theteof shsll be held by Ihe ~ Mortgasee. All detailed desi6nalions by Ihe Mort6aaor which are accepted by the Mortga6ee and all asteements bNween Mortq6or and ~ Mort`agee relatina to insunnce, now existing or hereafta made, shall be in writing and shall be s part ot this mort~e aEteement ss fully ss though set forih rerbatim herein and shaU `overn both parties hereto and their successors and assigns. No lien upoo any of said policia g • of insuronce ar upon any refund or return premium which may be payable on the cancellation or termination theteof, shall be `iven to , other than Ihe ~Iuttsase#, ~xpspt by proper endorsemept afCaed lo wch policy and spproved by Mort6agee. Esch policy ot insurance ~ shaH have afCs~ tlietltA s Slandard New York Mortga~ee Claux without CoMributan, makina all bss or bsses under wch policy ~ payable to the Mortgagee ss its interest may appear. In the event any sum or sums of money become payable thereundet lhe Mort~ee sha0 have the option to receire and apply the same on account of the indebtedness haeby xcured, or to permit the Monsa6or to te- «ive and use it, or any put thereof, without thaeby waivina or impairing any equity, lien, or ri6ht under anJ by rirtue of this mott- ga6e. In erent of bss or physical damage to Ihe mortga6ed property the MortFagor shatl gire immediate notice Ihereof by mail to the MortLssee and the Morta~Eee may make proot of loss if the same is not made promptly by the Mortsagor: [n event of fotecbsure of . ~ - R 2~7 p~~E 583 ; ~oo~ • ~ . _ ~ _ _ _ _ - . . ~ ~ _ ~ ~r ~ ~