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Home My WebLink About2809 ~ ~ ~ ~i~~ PROVIDED, ALWAYS, that it the Mortgagor :hall pay unto the Mortsagee the indebtedness evideoad by a txttsiu pmmissory note of which the following in words and fi~ura b a true copy to-wit: e~0'~ ~ hole I s 2'G25 _QQ Fert Pierces frlorida March 21, 19,1Q„ x ~ FOR VALUE RECEIVED I promise to pay to the ceder of HERMAN M LEVISON and TIL IE W LEVISON, his wife it - ~ ' the principal wm of TWQ THOLI. AND F UR HIINDSED TWENTY FIVE ----------ND/1QQ DOLLARS, ~ i t„gether with interest thereon trtrm date at the me of ten percent, per annum untU maturity, both principal and interest being payabk in lawful motley of the United States at 2244 Biscayne Blvd., Miami, Florida, or at such other plsa as the holden hereof may designate in writing, hincipal and interest payable in installments as follows: . ' FIFTY FIVE ($55.00) DOLLARS per month beginning on the 15th day of June, 1979, and continuing on the 15th day of each and every month thereafter until paid in full. lltis stole tsuy be prepaid ia_whok ur at parr at any time' upon payment of a prnally equal to elate pereeat of the principal wrw prepaid. Fade instsJlmertl paytttlttt shall IK rrerlitetil fiat e.n tl~~ ietMresl due, and the rrmainder on principal; and isttereat shat) Iheretrpow Bets! srpow the priweipal accredited. ilea sakes and eadoness of (his note furthev a=rea to waive demand, notice of nun•payment as,d protest, seed in the Brent wit shag k trroxsatt • lur the eotleetiaw hereof, a the aawre hu to be edleeted upon demand of an attorney, to pay reasunaWe attorney's tees tar saakiw~ taxh eogeetiaw. fkternd paysltenb hsrerwder shah berr utterest at the rate' of ten prneewt pa annum from matttrily until paid. 71tis vote is aeeored 1y • aaortp=e of even date herewith and is to be tonttved and enforced aeeordia~ to tk burs of lk Stet! of Florida; upon elefadt is lk payatatt d principal and/or irtterest when due, the w1~eAe wen of principa) and interest raeainitt~ tswpoid shall, at the optiow of tk hdden, beeonte its,sediately dare aced payable. , ^ • ! /~/~/J/ (SEAL) I (SlB~AL) Prcpased by S/adey tl. Spieler, Attorney- 2240 lliscayne Itlyd., Dliami Florida and shall perform, comply with and abide by each and every the stipulations, agreements, oontiitans and rnvenattts of said promissory .note aced of this deed, then this decd and the estate thereby created shall ceax and be null and void. 1. The Mortgagor hereby covenants and agrees: (a) To pay all and singular the principal and interest and other sums of money payable by virture of said promissory note and this deed, or either, promptly on the days respectively the same severally becomes due. (b) To permit, commit or wffer no waste and to maintain the improvements at all times in a state of good repair and condition, end to do or permit to be done to said premises nothing that will alter or change the use and eharaexer of said property of in any way impair or weaken the security of this mortgage. And in case of the refusal, neglect or inability of the Mortgagor to repair and maintain said property, the Mortgagee may, at his option, make such repairs or cause the same to be made, and advance moneys in that behalf. (c) To pay all and singular the taxes, assessments, levies, liabilities, and obligations of every nature on said described property each and every .vhen due and payable ucording to law, before they become deliquent, and to deliver to the Mortgagee on or before Much 1 Sth of each year tax recripts evidencing the payment of all lawfully imposed taxes for the preceding calendar year; to indemnify the Mortgagee -upon his demand for all taxes, assessments and charges that may be assessed upon this mortgage an the indebtedness secured hereby, and paid by the mortgagee, without regard to any law heretofore enacted or hereafter to be enacted imposing payment of the whole or any part thereof upon the Mortgagee. (d) To pay all and singular the costs, charges and expenses, including lawyers' fees and abstract costs reasonably incurred or paid at any time by the Mortgagee because of the failure on the part of the Mortgagor to perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and this deed, or either, and every such payment shall bsu F interest from date at the rate of ten (10%) per centum per annum. (e) It is further conrenanted and agreed by said parties that in the event of a suit being instituted to foreclose this mortgage, th! Mort- ' gagee shall be entitled to apply at any time prnding such foreclosure wit to the court having jurisdiction thereof for the appointment of ~ a receiver of all and singular the mortgaged property, and of all rents, incomes, proTits, issues and revenues thereof, from whatsoever source derived: and (hereupon it is hereby expressly convenanted and agreed that the Court shall forthwith appoint such receiver with the usual powers and duties of receivers in like casss; and said appointment shall be made by the court as • matter of strict right to the Mott- gagce, and without reference to the adequacy or inadequacy of the value of the property hereby mortgaged, or to the solvency or insol- vency of the Mortgagors or any other party defendant to such wit. The Mortgagor hereby specifically waives the tight to object to the appointment of a receiver as aforesaid and hereby expressly consents that such appointment shall be made as an admitted equity alnd as a matter of absolute right to the Mortgagee and teal the same may be done without notice to the Mortgagor. ' - (f) If foreclosure roceedin s should be instituted a ainst the ro rt covered b this mort a e u n an other lien or claim whether I D B g P De Y Y g B Po Y alleged to be superior or junior to the lien of this mortgage, the Mortgagee may at his option immediately upon institution of such suit or 1 during the pendency thereof declue this mortgage and the indebtedness secured hereby due and payable forthwith and may st its option proceed to torecbse this mortgage. s (g) That the Mortgagor will keep all real and personal property now or hereafter encumbered by the lien of this mortgage insured as may be required from time to time by the Mortgagee against bss of fire, windstorm and other hazards, casualties and contingencies for such nods and for not less than such amounts as ma be r aired b the Mort ee and to s rom tl when due all emiums for such ~ a Y eq Y P6 P Y P D Y Pr insurance. The amounts of insurance required by the Mortgagee shall be the minimum amounts for which said ins~.anct shall be. written and it shalt be incumbent upon the Mortgagor to maintain such additional insurance ss may be necessary to meet and comply fully with s(l co-insurance requirements contained in said policies to the end that the said Mortgagor is not s co-insuror thereunder, lawrance shall be written by a company or companies approved or designateA by the Mortgagee and all policies and renewals thereof shall be held by the ~ Mortgagee. All detailed designations by the Mortgagor which are accepted by the Mortgagee and alt agreements between Mortgstor and _ Mortgagee relating to insurance, now existing or hereafter made, shall be in writing and shall be a rnrt of this mortgage agreement as fully as though sal forth verbatim herein and shall govern both parties hereto and (heir successor and assigns. No lien upon any of said polities of insurance or upon any refund or return premium which may be payable on the cancellatbn or terminatbn thereof, shall be given to other than the Mortgagee, except,by proper endorsement affixed to wch policy and approved by Mortgagee. Each policy of insurance shall have affixed thereto a Standard New York Mortgagee Clause without Contribution, making all bss or bases under such polity payable to the Mortgagee as its interest may appear. In the event any sum or sums of money become payable thereunder the Mortpgx shall have the option to receive and apply the same on account of the indebtedness hereby secured, or to permit the Mortpgor to re- F 3 calve and use it, or any part thereof, without thereby waiving or impairing any equity, lien, or right under and by virtue of fhb mort- gage. In event of bss or physical damage to the mortgaged property the Mortgagor shall give immediate notice thereof by mail to fete Mortgagee and the Mortgagee may make proof of loss if the same is not made promptly by the Mortgagor. In event of torecbsure of i , ` U FG $Lr~!! W / . ~ ~(i' 3~7 (.~~~gQ8 ~s[ 1350 r,f i ti Ir ~ ~ . - • Re-Rsc,1 - - - - - - _ ~ _ _ 3- _ ~ - -