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Home My WebLink About0974 PROVIDFD. AL~?AYS. th~t iI the Mostp~or dull pay uato ehe :1lortg~~ee the indebtedne¦s evideaced bv a certaia ptomiwoir~r nota ot which the follo~riaa in ~rard~ and fiaura i~ a true oopy tawit: •tMINOIt rORM f) «o..~~N Ii~N. ib I~~+t~M /~?Mb r ~N~NIt hAi~~ - IMrM~ IK~b1) _ ~ Mortga~e Nott s 70,000.00 anama, City .~ia~d. SeQtember ~Oth t9 83 FOR VAIUE RECEIVfD M. wd~rL~nwi prams.s ro par ~o rh. wd« 01 PHILIP H. LAPIDUS and PHYLLIS LAPIDUS, his wife n» a~~w•~ ~ ~ ._S.~YE,D1~7f..~k~QIJS~ANA and no/100-------- _ _ . _ _ . .o~i.?: to~thw w~th inNrpt tMr~on M th~ rW d_....._11~__....W? ctn~ P~? ~nnum han dat~. . _ _ . _ . . unt~l matunly, bo1A pnncipal and i~l~tsst b~wW WYaW~ in l~wrfu! Mon~Y of fh~ U~~t~d StN~s, wch Onntip~l sum and ~otp~st payaW~ ie inst~Ilm~Ns as FoJbws: On the lst day of Hovember , 19 83 , and on the lst day of each month thereafter, ~ ttie sum of $795.62, until the principal and interest are fully paid. The makers hereof shall have the privilege of prepaying part or all of said indebtedness at any time without interest penalty or prepayment penalty. There shall be a fifteen (15) day grace period. This Mortgage Note is secured by a Mortgage of even date, which is not assumable. Suth inslallmsN paynrnrs s1?dl b~ appli~d first to tM iel~r~st aetrumy und~r 1hs I~rnu d this ewh and tM~ to s r~duetion d tM prineipsl ind~bbde»st. iM maEers ~nd ~ndonas o1 this nW~ furthw prM ro w~iv~ d~msnd, ~a~~. o~ ~a+-p.r~~•+?r ..,d p.a.s~, snd in 1M ~v~nf wit shall b~ brouyht tor tM coll~uion her~ol, p( II1~ yY11~ }y3 10 ~ COIIK?~ YpOA ~Mlld OI M1 lffOtMy, lo paY ruson~bl~ ~ltorn~y's fMS (or makin~ such coll.c~~on. Ail arma»s Mr~- und~r shrll b~ar iMV~s1 ~t th~ rat~ d......~.~e~---pKCUH p~r ~nnwn hon+ Tatur~ty until paid. This not~ a s~ew~d by a enoNpay~ d~wn dat~ Mr~with ~nd is to b~ consrnbd and ~nforc~d ~ccwd~ny to Ih~ laws d tM S?~t~ o( Florida; upon d~fsult in tM psyrn~M d principsl sndlor inl~r~st wMn dw, tM wfiol~ swn d prmop~l and iniasu r~,ninp unpaid ~I~SII, ~f ItN option of th~ holdas, txcom~ ~mn»dutdy du~ and psYabl~. failur~ to ~xsrcis~ Ihis option shall not consfitul~ s waner of tM r~ght lo ~x~rcis~ th~ sam~ in 1M w~N ot wbt~quenl d~fsult. Vayabl~ at S76O .S W....113th . Str~ei S/ FRITZ K. MUELLER __~SE~t) Miami, Florida 33156 F1tI'TZ K. MY3~T.L~R _ _ . _ _ _ S/ 11RSIILA. MUEI.I.ER... . .iSfAl? ~ ` URSULA MUELLER, his wife :SEAL) ~ or wch other ptace as sha14 be d~siynated by tM holder ol this note m wnl~n.y _ _ _ _(SEAL) and ~6a11 ~etform. comulv w:th .n.i sti:.~. i~~ -„-,a - ~u~,uaRUUUS~ r~reEaieati~ CODWilOt1! and COVCn~LU o~ eaid promiaaor~ note and of this deed, then this deed and the estate ther~by created ahall cea~e and be nu11 and void. 1. The Mortgagor hereby covenants and agrees: To pa~ ¦Il apd ~in~ul~r thc prineip~l ~nd intere~t ~nJ o~hcr ~um~ of moae~ p~)able !+y virtue of wid promi~~ory note ~nd thi~ desd. or either. prompdy un the da~ re~peetively tbe ume ~everdly beeome~ dne. 'i (b) To permiti eomroit or suffer no waste ~od to m,~intain the impnvemeot~ ~t dl timp in • state uf 6ood rep~ir and eondition; ~nd to do or permit to be done to iaid prenii~a nothia tbat will dter or dtan6e the we and eh~ncter ot ~.id p~openy or in any war impair or weaken the seeurity o! this mortp6e. An~ io ea~e o( t6e refu~al, ne6leet or in~bility ot the MortP6or to rep~ir aad m~int~in •.id Propenr. the Mortp6ee m~y. ~t hia option, make ~ueb tepain or eausc tbe same to be made. ~nd ~dv~nee mone~s in that behalf. (e) To pay all •nd ~inaulrr the t~xes. a~~etaments. Itvia~ liabilitiea. and obli~tions ot everyr nature on wid deseribed propeny eaeh aad everr when due u~d p~y~ble ~ccordin6 to law. before tht become delinquent, and w deliver to tLs Nort6a6ee on or before March l5th o( e~ch year.tax reeeipts evidencinr t6e payn~cnt uf ~Il ~iwiul{y imposed uaes for the precedin` e~lendar year• to indannif~ the ~iort6~6ee upon hi~ demand (or all wce~, auesaments and char6a that may be usnaed upoo thit mort~a~e on the indebtedness seeured hereb7~ ~nd p~id by thc murt6iRee. withont re~~rJ ~u ~ny iaw herclofure m~eted or hereafter to be en~cted impo~in6 payment of the whole or anr part thereof upon the Nort6s~cea 1 d i To par •11 and ~in~ul~r the eotU~ clurse~ uid espenses~ induJin6 I~wYen' fee~ rnd ¦L~tnct cot16 reatonably incurred or p~id ~t ~ny time by thc :1SoRpgee lxcauae of the (~iiure on th~ pan uf th~ Hortaa6or to perform. coruply wi~h ~nd ~bide br e~ch and every the ~tipui~tioni. ~peemeau. condi~ion~ ¦n~l cu~ensnt~ uf said proSniuury note ~nd this deed~ or eithtr. snd every ~ueh pa~~nent ~hall bea~ intcre~t from date ~t the nte of eighteen (1$X~ percent. , (e) !t it fuHher covenanted ~nd .6reed by wid partiea that in the e~ent of ¦ ~uit btin6 inatiwted to fore~lo~e thi~ mort~6e, tbe Hort• ~ , p~ee ~hall be entitled to ~ppl~ ~t ~ny time pendi~6 ~uch toreelosure suit ~u the court bavin6 juri~dietion elxreoi tor the sppointment = o( ~ reetiver ot ~11 and ~ia6ular the murtw~ed property, ~nd of dl rent~, income~, pro6tt, is~ua •od revenuea t6ereo(, trom whauoever ` •ource derived; and thereupon it i~ hereb~ s=preulr covenanted and a6reed t6~t the Court ahall forthwith ~PpOlp! ~UCII ~ttllVtt MIlII the wwl porren and duties of recei~ers in like c~se~; and ~aiJ ~ppointment shall be m~de by the court as a matter ot striet ridht tu the Mortsa`tt, rnd without reference to the ~deyuaty or inadequary of the calu~ of the property hereby mortsased. or to the ~olvency or in~ol~ency o( the MortR~son or sny uther pany defendant tu ~ueh ~uit.rThe Mort6a6or hereby ~pc~ifically w~i~~ts the ri~ht tu object to the appointment of • retti.er r~ rfurtsaid ~nd hereby uprrs~ly coruents that ~ech •ppuintment thell bt made a• ~n ad~nitted equity and u• m~tte~ of abaolute risht to the ~lortssaee and tWt the ~arut m~y be done without notiee to thc Nortsaaor. I( foreclosure pro~eedin~~ ~hould t?e in~utiued ay?iwt the property tocercd by thi~ mon~sse ypon ~ny other lien or claim whether ~lle~ed to be tuperior ur juniur to the lien of thi• mortRa6e, the yortEa6ee m~y •t hi~ op~tion immedi~tely upon ins~itution o( such •uit or duria~ the pendeney thcreoE declarc t6i• mon~6e and tbe indebtedne~c seeu~ed herebr dua ~nd pay~ble forthwith and mar ~t iU option proceed to fortelo~e this moA6afe. Th~t the '.liortp`or will keep ~ll re~l ~nd person~l properlf no~+ or hereafter encumbered by tbe lien of Ibi~ mon6a6t in~ured a~ may be ~equired trom time to time !y thc Mon6a6ee .sain~t locs t~r 6rq wind~turn~ •nd other hasarJ~. ~~~ualtie~ and rontin6encics (or sueh period~ and for uut les~ Ih~n •uch ~mvunu ~a ro~r be required bT the Mort6a6ee and to pa~ p~omptly when due sll premiwn~ (or ~uch in~uranee. The ~muunt~ oF insurraee required br tbe ilort6a6ee shall be the miniu~um auiounu (or ~+hi~h aid ineuraaee ~h~ll be written rnd it ~h~ll be incumbent upon the liort`~~or to maintain ~uch ~dditiond insursn~e ~s m~r be nreeuary to mcet and ~ompIy tullr v+ith al~ eaiauranee requiremen~~ eonuined in wid polieia tn the end that the uid Vorts~`or i~ not a cain~uror thereunder. Iruur~n~e ah~ll be writtta by + rump~ny or ~omp~nies apptovt~i nr desi6n~~ed Lr the :Vlort~Ree and all poli~ics ~nd rene~+~lt thereof shdl be beld b~ the Mors`aaec. All deuiled dni6n.~ion. br t}~e Nortde6or which are ~ccep~ed bp tl~e Mort6a6ee and atl a6reements betrreen Mort6a6or md MortsaRee relatin to iruunnce. now txistinR on c~resfter m~de~ ~hall bt in ~rritin6 ~ne~, ~hall bc • part of thi• mort6s`e ~`reement u(ully a~ thoush set ~orth verb~tim herein and ahall 6overo both parties hereto ~nd their ~neceasor6 and vssi6n~. No iien upon ~nr of e~id policin.o( imur~nce or upon ~n~ refund or relurn premium ~r6ieh mar be par~ble un ~he caneell~tion •r tem~ina~iun thereof~ sha11 be di.e~ to uthet thw tlie biost~~eq exrePt br proper ~ndonen~ent affixed to ~uch policr ~nd ~pprov~d b~ MoM6.6ee. Earh poli~r of i~uunn~e sluU h~:e ~l6xed therelo • St~ndard New York Mort~`ee Clsu~e withont Contribution, makinE all lou or lowe~ under such poliey p.roble ~o ~e Morc6.6ee ii~ inter~~t mq ~ppe~r_ In the event ~n~ ~um or ~ums of monty become • par~ble the~eunder the Mon6a6ee ~6a11 luve t6e option to ?eceire ~nd applr the wme on •~count of the indebtedneas 6ereby ~ecured. or to permit the Mon`asor to rective ~nd use it, or ~a~ psrt tbereol, ~+it6ont ~bereb7 +?~ivin6 or imp~irin6 anr equitr. lien. or ri6ht ` under ~nd br virtue of thi~ mort~6e. In event of lou or phjtieal dams~e to the reortRa6ed p~opert~ tht Mort`~6or ~hdl 6ive immt- di~te notiee thereof b~ m~il to the Nonp`ee •nd tbe M~rtp~ee m~y make proot of low it the wme i• aot m~de promptlr br the - Moctp~ot. Ia arewt ot Ioreelo~are ot thia mort~r~e or olher tr~u(er of tiUe to tLe mo)tpjed propert~ in e:tin~uishment of t6e indebt• ednea~ acdred bereli~, dl ri~b~ titk and intcre~t of ~be Mert~or iu ~ad t~ ifnaniits'p~licier tbes ia tocce s}ull pu~ to the ~ tir or ~ee. ,~11 rgal and personal property shall~e insured fn a sum not less than ~ . ~~it~~isp~~ ~rit~ia~ei6id~ b~ Meb ud ~~~ry t~ ~t5p~l~tl~w, ~~rNea~oa, e~oditi~ ~od c~•wat~ ia wid P..m~.wr~ ` att~ aad !a ~6ly dNd Nt (~tb. 413 P,~ 971 ~ - ~ '~~~'~="v'~,~~"`~S~"a"., =w-~ ''sr-~~