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Home My WebLink About1239 . ~ • • ~ ~ , i PROVIDED, ALWAYS~ tbst i! the Mortp`o~ ~Y pq? w~to ti~e Mo~ty~e the Iqdebt~ evide~ad bp}a oata~ promissory note oi which thc tollow.inj in woad: s~d fip~rM ~t a ttre e~y tawit: ' ~ ?V~ + ~ S 10, 700.00 For~ Pi~ce,. hlorida JL1I1E 27, iy J~ ; FOR VALUE RECEIVEU promix to pay f co the order o! GEORGE D. GOLD ~nd J B GOLDIrLAN, his wife t ~ ~ the principal sum of ~N ~~llSAND 4. _N H?Ni) FD --------------------NU1100 I~LLARS, i togethet with intercst the[eon from datc at the rate of twelve percent, per annum until maturity, both principal and intertst bcing payabk in lawful money of the United Siates at 224/ Biscayne Bivd., Miami. Flonda, or at such othe~ plaa as the holdcn hereof may dcsignate m wnting. ~ 1'rincipal and ~nteres! payable in iostallments ss follows: ' • } 1W0 HUNDRED ZWENTY FIVE ($225.00) DOLLARS per month beginning on ~ the 15th day of September, 1979, and continuing on the 15th day ~ of each and every month thereafter until paid in full. _ ; ~ f ~his note may be prepaid in whok or in pan at any time upon payment of a penalty cyual to five~ S~) percent of the principal sum prcpaid. 1'he loan evidenced by this p~omissory oote has been made pursuant to Chapter 656, Florida Statuta as authorizcd by 687.12, Florida Statuta, _ and the paya hetein has made the loan through a liaruee under Chapter 49d, Florida Statutes. _ j 1=arh installment payment shall be credited first on the interest due, and the remainder on principal; and interat shiQ thercupon aase upon the f principal so credited. I'he makers and endonen of this note (urther agree to wai~r demand, notice uf non-payment and protat, and in theevent suit shall be brouaht t or the colkctian hereof, or the same has ta be colkcted upon demand of an attorney, ta pay reasor~abk attorney'a fees [or making such colkc- tiun. Ikferred payments hercunder shall bear interest at the rate of twelve pcrcent per annum from maturity until paid. ; f his note is securcd by a mcxtgpae of even datt hercv?•ith and i. to be construed and enforced according to the laws of the State of Florida; upon .Icfautt in thr ~a~•mcnt of prinapa I and nr intercst when duc, thr whale ~um of princi 1 arxi '~tcrest remainina unpaid shall, at ~he option of che Aolders, become immediately due and payabk. ' ISEAI.I " (SEAL_) ~ 1'rcp.,rcd by Stanley H. Spieler. Attorney - 224d Biscayne Bfvd., Miami, Florida - and shall pedorm. comply with and abide by each aad ev~ery the stipulations. agrcemenfs, oonditions and covenan~f said promissory note and of this deed, then thic deed and the cstate thercby created shall ceace and be null and void. I. The htortgagor hereby covenants and agrees: (a) Io pa> all and singular thr pr~n~ip.~l anJ mtercst rnJ otArr sums of muney payablr by vuturr of ssid promissory note and this detd, ur rither, prumpUy un the da~s resprctirnly the same setirrally hecomrs dua ~h) Tu prrmit, cummit ur suffrr no wactr am1 to mainUin thr improvements a: aU times in s state of good repair and cundilion, and to do or prrrnrt to he dunr to sa~d prrmisrs nothing that will al[rr or change the use and character of said property or in any wsy ~mpair or vreaken t hr se:urity of this murtgage. And in case of the retusal, nrglect ~~r inability of the MortgaEot to repait and maintain said proyerty, the ~lortgagrr may, at his ~~ptir~n, makr su~h rrpairs or causr the same ~o be made, and advance moneys in that behalf. (c) io pa~ all and ~ingular the taaes. a~tessmmts, lavies, IiabiGties, and ubligations of ev~ty nature on said deuribed property pch and 'i every whrn due and p3yrbte accordmg to law, beCore they hr.ume deliyuent, and to ddiver ro the Alortgaeee on or before Much 1 StA of j rach yrar tax recri~ts r~~drn.~nd the paymrnt of all lax~fully ~mpos~d taxes for the preceding calzndar year;to indemni(y the Mortp~ee ~l upon his demand for all t~xes, asse~sments and charg~ that may be assessal upon this mortgage un the indebledneu ucured hereby, and ! paid by ~he murtgrgrr, wit~out regard to an~ law heratofore enacced or hereafter to be enacted imposina payment of the whole or any _ f part therc~~f upon the Murtgaa~. - ~ ~ (d) T~ psy all and singular the costs, charges and expenses. ~ncluding lawycn' fees and abstract msts reasortably incurced or paid at any - time by the Mort6agee brcause of the failure on the part oi the Mortgagor to perfurm, comply with and abide by each and erery the ~ stipulations, agrcemrnts, conditions and corertanta of said promissory note and this deed, or eiEAer, and every such payment slull bear interest trom date at tAe rate of ten ( IO~) per centum per snnum. ~ (e) It is further cunrenantrd and agreed by said parties that in the erent of a suit beini instituted to foredose this mortp`e, the Mort- gagce shall hr entitlyd to apply at any time pending such frxeclosure suit to the court hsving jurisdiction thereof for the appointment ot a receiver ot all and singular the mortgaged property, and ot all rents, incomes, profits, iuues a~d revenues therrot, from whatsoever source derivrd; and thereupun it is hereb~ rxpressly conrenantcd and agreed that the Court shall torthwith appoint such receiver with the uswl poNers and duties of receivers in tike cases; and saicf appointment shall be made by the court as a matter of stnet ri6ht to the Mort- gagee, and without reference to the adequacy or inadequacy of the vslue ot the property hereby mort6ayed, ot to the solvency or insol- vency of the ~lortgagors or any other party defendant to such wit. The MoASa`ot Rereby specifically waives the ri`ht to object to the appuintment of a recener as afotesaid and hereby expressly consents thst such appointment shall be made u sn admitted equity and at s mat[rr nt absolutr right tu the Mortgagee and that the same may be done without notice to the Mortgs~or. (n If foreclmute proceedmgs should be inuitutrd against the property corered by this mort`age upon any other lien or claim whether alleged to bt super~r or ~unior to thr lien of ihis mortaage, ~he Mort6agee may at his option immediately upon institution ot such suit or during the prr.dency thercof declarr this mortgage and the indebtedness secured hereby due and payable torthwith snd may at its oplion proceed to forecbse this m~~rtgaga ~ (g) That the ~tortgagor wdl kcep all real and perwnal property now or hereaher encumbered by the lien of this mortp~e insured as may ~ be ~~yuircd trom time to time by the Morl6aEee a6ainst bss ot Tire, windstorm and other hanrds, casusltia and contin~encils for ~uch E periods and fur not Irss than wch amounts as may Ae reyuired by the Mort`agee and to pay promptly when due all premiums tor such ~ insur+nce. The amounts ~~f inwnnce required by the Morigagee shall be the min~mum amounts for which said insutante ihsll be wtitlen and it shall De mcumbent upon the Morteagur to maintain such additional insurance u may be necasary to meet and comply (ully with all ~ co~insurance rcyuirrmenls u~ntained in saiJ polic~es to the end that the said Mort6agor is not s co-insutor theteunder. Insurance shall be ~ writ~en Ay a rompany or compames approvrd or des~gnated by the Morlgaget and all policies and cenewsls tAueot shall be held by the Mortgagte. All detaikd des~gnations by the Mortgasor which are accepted by the Mortpgee and atf agteements between Mottp~or and ~ Moriga~ee «latins to insurance, now exist~ng or hereafter made, shall be in writin6 and shall be a part at this mortpae s~reement as fullr 4 s though set furtA verbat~m herrin and shali govern bcith parties hereto and their successors snd aui~ns. No lien upon any of said policia . ~ of insurancr ur upirn any refund or return premium wh~ch may be pavable on the cancellation or termination theteof, shall be ~iven to ~ other than the Mortsagee. except by proper endorsement affixed to such policy and approved by Mort~ajee. Each poliey of insuranee sha{I have atfixed thereto a Standard New York tilortga~ee Claux withuul Contribution, makin6 all bu or bsses undet such politr ~ paYable t~ the Nortga6ce as its interrst may appear. In the event any sum or sums of money bemme paysble lhereunder tht Mortp~x ~ shall have the option to receive and apply the same on ucount ot the indebtedness haeby secured, ot lo permit the Mort~a~or to te- ceive and usc it, or any part thereof, without thereby wsivin~ or impairins any equity, lien, or rifht unda and br rirtue of this mott- ~ p6e. In evenl ot bss or physicst damase lo the mort`aged property the Mortp~or shall ~ire immediate notite thereof by mail lo tM ~ Mortsa~ee a~d the Mortsasee may make proof ot Ims if the same is not msde promptly by the Mort~or. (n event of toreebsute of t ~ r? s , . Ud~K •J~2 PAGE~~ : 7 ~ r ' . :~~r° _ _ ~ ti.__~,..,..: