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Home My WebLink About0565 • ; PROVIDED, ALWAYS, that if the Mong,a~or shail p~y unto the Mort~a~ee the indebtedness evidenccd b~? a ce~taiu pmmiaory ~ote of which the fdlowin~ in words and fiaura is a true copy tawit: ~ ' \ ~ c%ILQ~llS6 ~~~R ~ ~ ~ ~_4,,~25 . 00 For,~ Pierce . F~a;d, March 17 , 19.~Q_ FOR ~'ALUE RECEIVED WE, 1ointly and severally _ p~omix to pay ABE BUDOFF and ANNE BUDOFF. his wife ~ i I~c order of - I ~ Iie principal sum of FOUR THOUSAND ONE HtJNDRED TWENTY FIVE ----------NO 100 pp~U~, ~~~gether with interest thereon trom date at the ate of tea peroeat. per annum until maturity, both principsl and intecat beins ` payable in lawful money of the United States at 2241 Biscayne Blyd, Miami, Florids. or st such wher plaoe u the hdders hereof may designat~ in writins. Principal and int~rest payabk in installments as follows: NINETY FIVE ($95.00) DOLIARS per month beginning on the lSth day of June, 1979, and continuing on the 15th day of each and every month thereafter until paid in full. 71iis nWe aur be prepaid in whd~ ~x in part at anY tia~e upon pa7meat ot a prnalty equal to ei~t percenl ot ll~e priecipal ws prrpaid. fach instailma~t paymen! rJ~all be credited ~nat on the interest due. and We rcnuinder on principsl; at11I ~A1tflil ~II [I1ttlYpOA ttaf! Yp011 il~c principal su eredited. 71~e maAers and endonen d this not~ furlhcr a~ce lo wai~~e deeund, aotice of non-psyment and protat. and in the era~l wit ~hall be brou~l i.K th~ cd1~rlNw~ herrot, or the same has lo bP ~dleeted upw~ deyaand oi an allorney. !o par Kawnable alHxney's (ep for ~wkins aueh tdleclioo. Ikferred paymenb hereuader shall ba~ inlcrest al lhe rate o( ten percent per annum irom maturitr until paid. . 7bi~ note i+ ~+cund br a mott~a~e uf er~n dale herewith and ia lo be constnied and enforced aecixdins to the laws of Ihe State o( Fl~.rida; upon ,i~•iault in thi• pa~ment o( principal andior intrresl whea Jue, the whule wm uf printipal nd intercst rcmaini~q un ' ~I+all, at the option of the i~~~Jm...bn•~Nn~ immed'utely due anJ payabl~_ ~ ' (SEAL) ~ (SEAL) Nr~pmd by titank~ 11. Spieler. AU~xnry-22~10 tiiseayne Blvd., Niami Flurida _ 1. The Mortgagor hereby cor•enants and agrees: fal 1 o pay all and sin~ulu thr pna.~pal and intrrcst ~nJ otArr .ums ot muney payable h~ v~rture of said promissory rwte and tAis decd, . or rnhrr pr.~mpH~ un the daye rrspect~vrly the samr sevrrally becumes dur. fh) ~u prrmrt,.ommrt or suffer no w~tte and to maintain the improvements at aU times in a sute o! good repair and condition, and to do or prrm~t t~~ he dvnr to s~id premixs nothms that will alter or chanse the use and character of said property or in any wsy impair ot ~~aaktn ihr srcurrty of this martgagr And in cax of the rotueal, neglect ur inability of the Mortgagor to repair and maintain sa~d property, i thr ~tortgagre may, at his option, make such repairs or caux the same to be made, and ad~ance moneys in that behalf. (c) To pa~ all and singular the taxrs, ess~ssmrnts, levics, liabilities, and ubligations of tvery nature on said described property eacA ar?d i r~ery ~hrn dut and payablr according to law, before the~~ become Jrliyun^t, and to ddiret to the Mort6agee on or before March 1 Sth of ~ ach ~rar taa receipts rvidnncin6 1he paymmt of aU lawtully imposed taxzs for the precedin6 cale~dar year;to endema~fy the Mortsagee ~ upon his drmand for alt taaes, asseismrnts and charges that ma~ bn assesxni upc,n this mort`age on the i~dcbtedncss ucured hereby, and ~ paid by the~murtgagee, ~+~~Ihout rtgsrd t~ anr law heretotore enaeted or herrafter to be enscted imposin~ payment of fhe wfiole or any ~ part thereof upon the Mortgsgee. . (d) To pay ~II snd singular the custs, char6es and eYpenses, including lawyen' tees and absiract costs reasonably inturred or paid st any timr b~ [hr Mortgagee hrcausr of the failure on the part of the Mortgagor to perform, comply with and abide by uch and every the ! stipulatx~nc. ~gtcements, conditions and covenants ot said promissory note and thit decd, or elther, and every such payment shall Geu ~ ~ interest from date at the rate of ten ( IO;F) per centum per annum. 's • ; (e) It is further cunvenant~ni and agreed by ssiA parties that in the event of a suit bein` instituted to foreclose ~his mortsaae, the Mort- ~ gagrr shatl br rntitled to apply at any time pendmg such forectosure wit to the court having jurisdiction thereof tor the appointment o( a recei~er ~~f ali and singular the mortgaged property, and of atl rents, inrnmrs, profits, issues and cevenues theteof, from whatsoerer ~ wurce denvr~: and thereupon it is hereby exprrssly convenanted snd agreed that the Court shaU forthwith appoint such receiver with the usuat poKers and duties of recrivers in like cases; and saici appointment shall be made by the court as a matter of sttict risht to the Mort- ~ gagee, and without referrnce to thc adeyuacy or inadeqwcy of the ralue of tAe property hereby mort`~~ed, or to the wlvency or insol- ~ vrncy of the Mortgagurs or any other puty defendsnt to such wit. The Mort`asor hereby specifically waives the ri~ht to object to the ~ appuintment of a recei~er u~torrsaid and hereby e:pressly consents that such appuintment shall be msde ss an admitted equity and as a a matt~r of absolutr righ~ to the Mortgagee and that the same may be done without not~ce to the Mort`s~or. ~ 1~l If foreclowte proceeJings sh~uld be inst~tuted against the property covered by this mortgage upon any olher lien or claim whether ~ allegeJ to be superior or ~unior to the lien ot this mortgase, the Mort~agee may at hu option immediately upon institution of such suit or ~ during thr pendency thereof declare this mortgage and the indebtedness secured hereby due and payable (oRhwith and may at its option 3 proceed ~o foreckise thn mor~gase_ (g) That the ~lortgagor wlll keep all real and personal property now or herea(ter encumbered by Ihe lien of this mort~a`e insured as may be reyuirrd fmm time to time by 1he Murtgagre a6ainst bss of fire, windstorm and other hazards, casualties and contin~encies for such periods and for not less than•,uch amounts as may be reyuired by the Mortgaaee and to pay promptly when due all premiums tor such insurance. The amounts of insurance required by the Mortgagee shall be the minimum amounts for which said inswance shall he written ` and it shall be ~ncumbent upon the Mortgasor to maintain such additional insurance as msy be necessary to meet and comply (ully with all co-insurance requiremenls cor~tained in saiJ pulic~es to the end that the said Mortgsaot is not s co•inauror lhereunder. Insuaance sh~ll be ~ written by a cumpany or compan~es appto~ed or de~i~naled by the btortgaaet a~ all policies and renewals thereof shall be held by the ` MortgaEee. All deuiled des~nations by the Mortga6or which are sccepted by tht Moritaeee and all a`teemeots between Mortp~ot snd Mortgagec rrlating to incurance, now• exislin6 or hereafter made, shatl be in wnti~ snd shall be a psrt o! this mortpge a~reement ss fuUr ' ss tAou6h set forth verl+~t~m herein and shall gaver~ both parties hereto and their successon snd assisns. No lien upon sny of s~id policies of insurance ~~r upon aay refund or relurn premium which may be payable on the cancellation or termination Ihereot, shaU be siven to other than the 1?tortaagee, except by proper endorsement affiaed to wch policy and approved by Mott~~~ee. Eaeh poliey ot insuranct y shall havc a(fiaed thereto a Standard New York Mortgasee Clause without Contributan, makin~ all loss or bsses under such policy ~ paYable to the Alortgagee as its ~nterest may appear. In the event any sum or sums of money become payable theteunder the Morip~te shslt hare the option to receive and apply the same on account of the indebtedness hereby secured, or to petmit the Mortp~or to re- - ceire and ux it, or any parl ~hereo(, without thereby waivin` or impairina any equity, lien, or ri~ht under snd br virtue ot this mort- ~ `a6e. In ~vent of lou or phys~cal ciamage to the mortgased property the Mort`asor shatl `ive immediite notice thereof by m~i) to IAe g Mort`a~ee and the Mort~agee may make pruof nf loss if Ihe ssme is not made promptly by the Mort~or, in event of forecbaurt of 's . ¢ ? ~~~P~~06 5fi5 ~ s~ `.;;t~i~ ~ ' - . ~ : ~