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Home My WebLink About0185 ~ 1} - ! ; PROVIDED. AlWAY8, that if the Mortpepor shall pay unto the Mortpapse die indebtadnees evidertcad by • certakt promissory note of which tM following in words and fiptires is a true copy to-wit: ' NOTE t t 500.00 Hol l ywood ~ Fl nri des , 1 g flt1._ ri 1 15 For value received, I or We, promise to pay to die order of FIRST FID~~TY FINANCIAL SERVICES, INC _ the principal sum of SIX THOUSAND FIVE HUNDRED DOLLARS and no/100------- pol~rs, ' (t together with interest thereon from ARri l 15. 1980 at the rate of_, cent per annum until maturi said printip~l and int~rost being payable as follows: 3~.~.rZ.Q on die day of , and i ill .oft des _j,5_daY of each consecutive month thereahar until the • pay-meet oof 33 of , at which t the entiro unpaid balance shall become due and payable.. Each 7 shall represent payment n rost and principal, end shall be credited first toward interest and the remainder toward principal. A payment shall t if it is not paid within ten 1101 days char it becon?es due. The maker sprees that if any installment a holder shall have the option to demand payment of the entiro unpaid balance then due and owing, t th- trued interest thereon While any payment of interest and/or principal is delinquent, this nou shall iphast me sHowabk by law¢~~]Ita maker shall pay a delirtqusttcy sharps of 10'% of each delinquent payrit htay be propeid at penalty of ~-percent of the unpaid balance aftx one year. This noN cannot bs pr d t -the first yea. Each make/ and endaMr severally waives d .protest and notks of maturity. non-payment Or protest and all requirements necesary to hold cash of them IIabN at makers and endo?Nrs. .a~w Each maker and endorsN further asses. loin sneer ar~i?rlNirltyinost thNiori li not ptaladlat thi ~nspKth+ miturlty ~iieot ~swi It be>:o tMMe prlndprNyof this nob w any payment on Me rln p rf ar~y ~h Y tlo~n, ndu0t 9rnq~o~N attorl i~s~iisind to~urwt~oMSbb sAalt bi MIO by tlri mikiidh~aorf wMn thi mwteeee acurlnfngik noti bMiatfkN door when the dNingwnt payment Is brought current, or shall W added to tM prlnclpal of Mk noN antl paW at maturity. and b either ease. tM coat of colNctton, Includlrp nawnabN attorney's feet. shall bNr Interest at the hyheet ?ab allowed by Nw until pall. notwlthstandlrrg tM ytt tMt the states rata of Interest herein may W a lower rate of Interest. Thb note and deferntl Inbr~~~nts shall bN? Interest from maturity at tM highest rate se allowed by law until paid. Thk nob Is secured by a mortgage of Mn daN herewith and b to M construed anal entorgd acoorobg to the Nwi of tM State of Florid; u default In the payment Of prtncbal and/or Mlerat tlw on any rots secured by said Mpttlaee. all notes so secured and r~ matning unpaid sn 1 forthwith bKOme des arW payabN notwlMStandMg MNr tenor. Thk note Is sublets to the express condltbn that at no time (hall the maker W obagabd Or required to pay Interest on the prlndpal OaNnca of thk Note at a rob whkh could wblett the holder hereof to e1tMr still or e?Iminal IlabNlty as a rewlt of bel In exgs of tM maximum inbrest rate which the makers ere permitted by law to contract or agrN to pay. If by tM bans of this Note. the ma n at any time requked or obligated to pay Interest on the prlnclpal Wlanq des MrwnWr at a b In excess of sash maxknum rob the ra o 1nbrKt under Mk Nob shall W dNmed to W ImmedNbb redug0 to vent maximum rate and t bores abM shall c Iced at wC xMnum rate. This note is payable at: < ~ ISEALI 4100-B Sheridan Street IsEA~I - Hollywood, Florida 33021 . ~ - t and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said prom'ISSOry note and of this deed, the~t this deed and the estate thereby created shall cease and be null and void. 1. The Mortgagor hereby covenants and agrees: (a) To Day ell and singular tM prlnclpal end Interest and other wms of money payabN by virtue of saW promissory nob and Mk deb, either, promptly on tM days nspectMty the fame severally Wcomes due. hood npak am cOntlltlon, and to do or ~ (D) -To permit, commit or wffer no waste end to maintain the Improvements at all times In a state of permit to W dope to save premises nothing that veal alter or change the use and character of said property or In any way NtnQalr or weaken Me security of trek mortgege. And In case of the refusal. neglKt or InaDUlty of tM Mortsagor to repair and malntaln sale property. tM Mortgagee may, at his option, make such repairs or Huse tM same to W made, and advand moneys In that bensH. (c) To pay ell and singular tM taxes, assessment; levfe; Ilabtlltfe; arid oOllgatlons of every nature on saW defcllbed property each and every l when des and payabN sccordMg to law. before tMy DKOme Wltnquent, and to dNlver to tM MoltgagN on of Wtore MsrcA iSM Of each I year tax receipts wWencing the payment of all Nwfully Imposed taxes for tM preoeding calendar yMrt to Idemnlty tM Mortgagee upon hk demand for all taxes, asesiments and charges Mat may W assessetl upon Mk mortgage on the Indebtedness secured Mreby, and PaW by tM Mortgagee, without ngaro to any Isw heretofore enacted or hereafter to W coasted (mpotlng Oayment of tM whoN or any part thereof u~w1 tM Mortgagee. (dj To pay all and snugular tM cost; cnargef and expenses, Inciuding iswyer! fees and abstract costs reasonably Incurred or paW at any tMr?e by the Mortgagee because of Me failure on the part of the Mortgagor to perform. comply with and abide by each and every the stipulattoM, agreements, condttlons and covenants of saW Promissory note and fhb deed, or e1tMr, and every such payment (hall veer Interest from date at the highest rate K allowed by law. - (e) It k furtMr convenante0 and agreed by Bald psrtMs that to the event of a suit Wing IrKtituted t0 fo`edose thk mortgage, the MortgagN shall W entitled t0 aPD1Y at any time pending wch forKlosun wit t0 the court hating Jurbdlctlon thereof for the appointment Of a reulwr of ell and singular tM mortgegW property, and of aN rent; incomes, Profit; Isues and revenues theleOf, from whataoeve/ Wutq detivedr and thereupon K k Mnby expressly covenanted and agreed loaf tM Court shall forthwith apparel wch regMr with tM uwal powers and dutMs of reuhrers In Ilke uses= and sekf appotntmer?t shall W made by tM court as a matter M st?Ist right to tM Mortgagee. and wiMout refetense to the adequacy or Inadequacy of the valve of tM property herby mortgaged. Or t0 the solvency or bsaventy Of the Mortgagors or fry other party defendant to wth veil. TM Mortgagor hereby spKltlcally waives the right to object to the appantmer?t of a fegNet as aytorefaW and herby expressly consents loaf wch appointment shNl W mWe of an admitted equity and as a matbr of absolute tight to tM Mortgegee and treat the fame may W dots without notice to the Mortgagor. I (f) if tondosure proceedings shall W InstNuted agaMst Me property covered by this mortgage upon any oMer INn or clakn wMtner e1NgW to W wperlol or Junior to Me INn of this mortgage, Me Mortgagee may at nk option Immedlably upon Institution of WCh wit or during tM s pendency Menot declare Mb mortgage and tM Ir?debtednass secured hereby tlw and payabN torthwlM and may at Its option proceed to s foreclose Mb mottgege. i - (g) That tM Mortgtgo? wIH kwp all real and penonel property now or Mreaftel encumbered by Me INn of this mortgage Inwted as rnaY W requlretl from time to time by tM Mortgagee against Jos by tin, windstorm and otMr hazard; uswitMs and eontbgMCNa fof wch periods and for not less than wch amounts as may be requited by the MortgegN and to pay promptly wMn des all premiums to? wth Iruursnee~ TM - amounts of Inwrana requtrW by tM Mortgagee shall W Me minimum amounts for whkh isle Inwrenq (hall W written and n sMll W Incumbent upon the Mortgagor to malntaln wch sddltlonal Inwranq as may W necessary to meet an0 comply tuNY wIM all co-Inwranq requirsnNnts contained In safe pakNs to tM end treat the fate Mortgagor h not • co-lneur0r tMrwnWr. Inwranq shall W wrRtM by a ~ company of companNs approved or deslenatetl by tM Mortgagee and all pakMs end nnewaN tMreo1 (hell W Mb by Me Mortgagee. All detailed deslgnattons by tM Moltgegot whkh are atoepte0 by tM Mortgagee and as agreements between (Mortgagor and Mortgagee n1atlM to inwranq, now exkting or nerwtlet made, shNl W In writing and fnNl W a part of Mk mortgye agreement a sully as though set forts ~ ~ verbatim Mretn and shah govern both partNs hereto and thN? wtceeeors and assigns. No INn upon any of face pakMs of inwranq or upon i Ij1'~ ~ any refund or return premium whkfr may W payabN on tM unoNlatbn or blmballon tMreot, shall W given to pints loan Me Mortpgee, I exgpe br proper .ndorsement mixed to sash palsy and approved by Mortggee. Earn pesky Of lnwranq shah have atflxe0 MastO a StandaM New York MortgagN Claufe wlMOUt Contreutlon, making all Jos or losses utroer such pesky psyabN to tM Mortgagee as Its Interest may appear. In Me event any wm or wms a money become payabN thereunder tM Mortgagee enMt nave tM option to regive and j ~ ` a00tY tM fame On accout o1 tM bdebtetlnes hereby eeCYred, Ol to pHTIt Me MOftgegdf to restive and Use It. O/ any pall thereof, wlMout i ~ j INITIAL T , ~ ~ < i ~ ` ? BUOK ?SCE