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Home My WebLink About0316 ~ PROVIUED, ALWAYS, that it the Mottgagor shall pay unto the Mortgagee the indebtedness evidenced by a certain promes~ory note ot which the lollowing in words and figures is a t~ue copy tawit: ~ e.~dl~~QA?6 e/~l~L+ - ~ S,~„~ 175 _ n0 ___,F'nrt- P~ PY[`A florida JulY ~a 1! a; = FOR VALUE RECEIVED iointlv and severallY promix ~o par € to t~x orde~ of DANIEL KADAN AND ESTHER KADAN , his wi f e. f € che principal sum of EIGH~ THOUSAND ONE HIJNDR~I? SEVENTY FIVE -------N~/100 pp~~~g~ together with Intetrst thereon from date st the rate of tea perant. per annum uruil maturity, both princtpsl and lntenst beia,~ ~ payable in lawful money of the United Stata at 2244 Biscayne Blvd.. yliami. Flo~id~. or ~t wcl~ other plsoe s~ the holdeis Aereot ~ may desi=nate in writing. P~incipal and interest payable in instsllments u tollows: ~ ? ONE HUNDRED SEVENTY FIVE ($175.00) DOLLARS per ononth beginning ~ on the 1Sth day of September, 1978, and continuing on the 15th ' day.of each and every month thereafter until paid in full. e ~ 7L1s note may be prepaid i~ whok or iw Part at an~ time ~pon paywent ot a peaaltr equal to i~t pecant ot the pri~eipal w~o~ prepaid. Faeh i~tallmmt paYmcnt aha~ be c~ed'ted tint oa the interest dun~ aad the remaende~ on priwcjpai: aad ialerat i~d tberwpow tavt ~poa y( the priwcipai w trodited. ' o~ 71~e maka~ and eado~s o[ this note fwther a~ee to waive daaand, notiee o[ nun-payment and protat~ aad ie the erewt wit ~6~116s 6ror~t for the edlection hereot, or the wne has to be edlMed upon dcmand ot ~n sltorney, ~~r ~tiw~,~e«~r~ e~s to~ o„t~ ~~m~~o+.. Deterred para~ents hcreunder ~hail 6ar interat at the nte oI ten pereeot pu annum from msturitr yqtil paid, ~ i 7Uit note u aecured bY a mo~e ot even date haewith and ia to be eanstrued and enturced aceo~ne to the la~vs ot the State ot F7aida; ~poo I deisult ia the p~ymeat of prineipal aod/or intrnst when due. 1he whde aum ot principal anJ iate~est temainin~ uapaid ~ball~ at the option ot the ~ hddas. beoowe immedialdy Ju~ and payablc. l" : ~ S ` ! (SEAL) f' ~ (SEAL) Preparer ~r 3tader H. Spielrr, Attocne7r- 2?~10 Bi,caYne Wvd., Miami Flarida and shdl perform, comply with and abide by each and every the stipulations, agreements. conditions and covenants of said promi~cory note and of this deed, then this deed and the estate thereby crested shall cease and be null and void. 1. The Mortgagor hereby rnvenants and agrees: (a) To pay aU anJ singular thr principat and interest and other sums of money payable by rirturr of said promissory note arn1 this deed, or either, promptly on lhe dayc respeclia~aly thr same sr~traltp brcomrs Jue. (b) To permit, commit or suffer rw ~~aste and tu m~intain thr improrements at aIl times en a state of good repair and condition, and to do or permil to br done tn uid premises nothing that w•ill atter or cAange the use and character of said proprrty or in any way impair ot weakrn ~he security of ~his murtgage. And in casr of the refusal, nrglect or inability of the 1?tortgagor to repair and maintain said property, the ~tortgagee may, at his option, make such~rapairs or cause thr sam: ta be made, and advance moneys in that behalf. (c) To pa~• a11 and singular the laxes. a:ussme~ts, tevies, IiaAitities, and obligations of every nature on said described property each and ever}• ~+hzn due and pa~~able according tu la~v, beforr they become drliyuent, and to deliver to the 1?lortgagce on or before f~iarch I Sth ot each yrar taz receipts eviJrncing the paymrnt of all lawfully imposed uxes for the preceding calendar Year;to indemnify the Mortgagee upon his drmand for all uxes, assrssments and charges that may Ar assessed upon this morlgage on the indebteJneu secured hereby, and paid by the mortgagee, without regard to an~• lew heretotore enactrd or herrafter to be ~nacted imposing payment ot the whole or any parl thsteof upon the Mortgagre. ~ (d) To pay all and singular thr cous. charges aod exprnses, including lawyen' fees and abstract msts ressonabty incurrrd or paid at any time by the ~tortgagee brcause of the faiture on thr part of thr Mortgagor to perform, avmpl}• w•ith and abWe bp each and every the stipulatK~ns, agrrrments, cunditiuns and covrnants of saed promissory note and this de~t, ot either, and erery such payment shall bear intercst from date at the rate of tep (10'~) prr crntum per annum_ (e) It is further romenanted and agrred by ~aid parties that in the event of a suit being institutrd to foreclose this mort6age, the Mort- gagce shall be entitted to-apply at any time prnJing surh foreclosure suit to the court having jurisdiction thereoi for the appointment of a receiver oi all and singular the mortgaged property, and ot all rents, incomes, protts, issues and revenues thereof, from whatsoever source dtrived; and thereupon it is hereby eacpressly cvnvenanted arni agrced that the Court shatl forthwith appoint suth receiret with the usual poH~ers and duties of recei~•ers in Iike casrs: and said appuintment sball be made by the court as a matter of strict tight to the Mort- gagee, and withuut referrnce to the adeyuacy or inaJeyuacy of thn value of the property hrreby mortgaged, or to the solvency or insol- vencp uf the Mortgagors or any ~~ther party defendant to such suit. ihe NoAgagor hereby specifically wai~•es the right to object Io the appointrnent of a recriver as afurrsaal and hrrebc exprrccl~• cunsrnts that such appuintment shali Ae made as an admitted equity and as a matter of aGwlutr right to ~he Atortgagee and that thr same may be dooe without notice to the ~tortgagor. In If foreclosure pmccedings shouW be instituted against thr property covered by this mottgage upon any other lien or claim whether a4eged tb he superior or ~unior tu the Iian uf this mortgagr, the Mortgagee may at his uption immediately upon institution of sach suit or Juring the prndency therruf declare this m~rrtgage anJ thr indebtedness srcured hrreby due and payable forthwith and may at its option proceed to foreclose this mottgage. (a) That the Mortgagor will kcep all rral and perK~nal prnperty now ot hrre~ftet encumt+errd hy the lien of this muttgaRe insured as miy be reyuired from time to time by the \t~,rtgagee :,gainst bss of fire, windstorm and othrr hazards, rasualties and amntingencies foa such ' perads aad for not irss than wch amuuRts as may br rryuurd by the ~turtgagea and tu pay promptly when due all premiums for such insu?ante. The amuunts of insurance reyuired hy the Alortgagee shall he the minimum amounts for which said insurance shall be wtitten and it shall Ae incumbent upon the !~iortgagudto mainlain such additN~nal insurance as may be necessary to mett anJ comply fuNy witA al) co-insurance requirements rontained in said pulic~es to the end that the said Mongaaor is not a co•insuror thereuoder. Insurance shall be written by a company ur companirs approvtd or designated hy the Mortgagee and all policies and renewals thereof shall be held by the Mortgagen. All detailed drsignatiuns by thr ~1~~rtgag.~r ~~~hich are acceptrd by thr Mortgagee and ~D a6reements between bfortsagor and Mortgagre r~lating to inwrance, nuw rxisting or hereaiter maJe, shall be in writing anJ shall be a part of this mortgage agreement as fully u though set forth ~rrbat~m herein and shall guvern M~th parties hereto and thrir successors and assigns. No lien upon any of said policies of insurance ur uprn an~~ refund ur return prcmium which may be payaAle on the canceUation or termination thereof, shaU be given to other than the Mortgagre, rxcept by proper enJorsrmnnt affixed to wth policy and approrrd by Mottga6ee. Each policy of insurance shall have affixrd thrrrln a Standard \rw York ~lnrlgagre ('lausr without Contribution, making all bss or bsses under such policy payahlr tu the M~~rtgagre as itc intrrrst may appcar. In the event an~ sum ar sums of money Aea~me payable thereunder the yforlgagee sha!! have the ~>pt~on tn rrceivr ~nd apply tho same on account of Ihe indeMedneu heteby secured, or to permit the Motlgago~ to re- ceive and usr it, or •rny part thereot, without therrfiy waiving ur impairing anp eyuily, lien, or right under and by virtue of this mort- gage. In event aF los~ ur ph~s~cal Jama~te 1o the mortg~ged proprrty` thr Mortga6or shal! `ive imrw;diate aotice thermf by mail to the Atoitgagre and the M~~rtgagre mry make prouf of loz~ if the svmn is not made promptlf by the Nott`a6or. In erent of forec{osure of ~ ' . ~~Q~?_9~ ~:~t: 316 - . . ~ = ~ r _ : ~ f;:,~~ ~ ~ ~ ,,r~.`~ - ~ v` x~ f_:-~::>: