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F'(1fi 1':~l.l~F:l{F:CEI\'I~l)------------------WE~ -Join~ly__and _sev2rally,-------~,«~~?~.~~lu~~a~ i; ;
~ i~~ ~I~~• ~,r~~~~~ -MURRAY___R4SEN.__artci . r'IAR~QN_R~SEN_,. his _~aife , - / ?
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tli~~ ~~rin~•~pal ~,t _TWO. THOUSAND _SE~IEN_Hl1NDREI?__~EVENTY-r IVE_~i1tl~)~i.~ I., t~?~~•tb~•r H~tl~ ~n~~•r~•,~ i
thrrrun frum datc at th~• rat~• uf lrn prrr~ nt, pcr ai~num unlil ntaturity, buth ~~rin~•ipal and int~•rc,~ 4i~~in~; pa~ abl~• iu la~. ful mun~•~ uf ~
tl~~• l'nitcd ~tat~•: al '.3'~-~•1 Iti~~•a~ne lihd., \liami. FIOfIIIJ, u~ al ~u~•h ~~t4~rr plai•c a; thc huldc~; I~rrcuf nta~• dc:ignat~r in writinR.~
Principal and inl~ r~;t ~rayable in in•talln?rnt. a• fulloH~s:
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~ SIXTY-FIVE ($65.00) DOLLARS per month beginning on the lSth day `
_of July, 1975, and continuing on the 1~th day of ~each and evEry ~
month'thereafter until pa~d in full, _ ~
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This n~~tc ma~• be prepa~d in ~~•hole or in part aftet one year from th~ date hereoi upon pa~~ment of a pcnalty eyuivalcnt
l~~ ri~hl prr~•rnt ul lh~• ~~~in~•ijo;il •~iiu pr~•~~ai~l. .
_ F.rrh i~utalltucnl p~}'~u~•nt ~lial! bi• ~•~rdit~•d fir:t ~?n thr intcrctit duc, and th~• rcmaind~•r un principal: and i~~ten~~t ~I?all lhrn••
ut~un ~•~~a~r uE~un thr prini•ipal >u ~•r~~ditrd.
'I~hr mak~n and rndur~rr~ uf thi. nut~• furtlir~ .+~n~~• tu wai~~• d~•nsand, nutir~ of nun-~~a} ~~~~'~~t .+nd prulc.t, and i~i liu• i•vcnt ~uit
~hall h~• I~ruuKht fur thr i•ullrrtion h~vcu(. c>r th~• •an?~ has to bc rullcct~•d upon dentand u an allurnc~~. tu pay rra:onaLlc atlurn~~~~~~
frr. fur makinR ~urh rullri•tiun.
. ~ _=1),~f~~rr~•d. ~?a.~ ~t~rni~ h~~n~undc•r ~hall b~•ar interr>t at thc rat~• of ten pcrcFnt prr annun~ ~rum maturit}• until E~aid. ~ .
- 7~hi~ n~?tr i~ se~~ured hy a mort~;aK~ ui. even date hr~rewilh and is to t?e con~tnird and enforced accordinr to the IaN~ o[ [he
~tat~~ i~f F~Iorida; upnn d~fault in the pa~•n~r~l of principal an~1,~~~r intcrc~t when due, the whole sum o['prin~•iE?al and interr~l
n•rnainin~ unpai~ >hatl, at the optiun ~~1 lh~ holden, t,ecome immediately due and papablc. .
- ~~_1~G`C`C~ . ~ C c ':~=cc' - - (~1~.f11.)
_ (~i(~; ,').IC._•'_tLC' ~~t~i_ -1%'.~.:=,'~--'~"~1N.,~~.) _
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F'rrpu~d hy~ ~pi~ler ~ (~ndnrh. ~Vlo~nt~. ?'~~0 fti~e~pne Rlyd., ~1iam~. IotiAa . . ~ .
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~nJ ahal! petform, cumply~ ~~~th and abi~i~ b~~ each and e.~er.~ the slipulauons, abr~~ments, conditiona and cove- ~
nants of ~.aid ptumissory nute and ~~f tliis .ieed, then this deed and ti?e estate thereb~- created shatl cesse and bc ?
r~ull and ~•oid.
. 1. The ~tor!gagor hereb~~ cu~~enants and agree~: -
' (a) T~~ pay all and ~:agular tn: ,::scipo! ar.~ s^tcre~t ~.^.d r~her sum. of mnnet• peyabfe M• v,siue of sa~d promissory note and th~s
dred. or e~ther. promptC} on ~he daY~ ~c.pccu~c{} the :am: .r.rr~:ly hr.n:rc; duc. .
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; ~ ib) To Qeem~t, comm~t or suifer r,o :~atitc o~d to ma:~c~~n :hr tiTpro~rn:cnts at ail umcs ~n a state o( go~ repair and conduwn, and to !
da or permit-ta ~+r-don~ t~ .~:~3 rram:tirs natkar.g :.as-+:i# .~:.:r: ihaage thc L,~c aa3 .ra:acies-cf sa~d prQpecty_~r ~n an)•_way ~mpait_or__-__
ueaken the secunty of th~s mo~t~agr. ~nd m re~e oi the :efusei, r,=g1-c; o: er.ab~l~ty of th: !.lo~t~agor [o rtpair acd ma~nta~n said proper- "
. ty, the Morigagrc may, a: h~s opt~o~, maie su.h f[(1d1IS lti Cd'J?~ :'~c ~ari:e :a be made, and adsance nonc~, in zhat behalf.
(c) To pay all and-nngula: the ta~r~, a_.~e~;mrntti, lr~:ts, !:3b;iuies, and i~hligauens o~ trery aa~ure on sa~d descr~bed property each
and every uhen dur an~~ p:~yablr acc~xd~ng t.~ laa., hr.ntr tt:cy becor,.c delanGue~t, and tu .!el~~e~ to thc S1o:[gagre on or before ~1arch
~Sth of eaeh yrac tet ~ece~pt~ r~ ~drr.. ing rhr n~}-.rn: ~~t al! ie~-.f:,i1y ~m, o~~d !a~es for thr preced~ng calendar year; to mdemnify tkc :
~ ~lortgagee up~~n h~s demand (or a!i ~a¦c.: e~.c~~Ter.•. ~ad ~hscgc~ tha~ n:ar hr as~ecszd upnn th~~ mnrtgagc on ~hc indeated~ess ?
curtd herrby~, ar.d pa~d oy martgagrt, x~iFrur rcFar~ :n ~ny la•+ Fr.etofore ena~ted ai hrreatter io be enacted ~mpos~ng ~ayment o: ~
the uhole or any ~art the:cot upnn :he \!~~r!gaFre. - . `
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(d) io pay all and ~ingular the ~o<:~_ charge~ and e~prr.~e.:, izclud~n~c la~}ers' ier• anu abctr3ct c~sts teasonaAly i~carrcG or pa~d at i
any umr hy thc \loitga~re brcau~r r' ehr fa~l:,re ~~n tht• pa:~ n; thc ~lortgagor tu prr(~,rm. iomp:j +i:h anJ ab~dc h~ ~ach and t+-~ery the • _
- - supulat~o~s, agrcemrnt~, c~~nditr~~~, .~n~.i~.:cr.an:~ u: sa~d prom~ssory r,ote and th~ti ~:r~, or c~ther, and e~cry ~uch~payment shall bear ;
intcrrst lrum Jatc at thc ratr ut trn I S(~ r='r :cr,tu~ r.:_~ .in^uc;. - - -
I (e1 1[ is f~rther covena. and agrecd b}• sa~d parUCS that ir. che t~ent ot a suit 6eing insUtuted to forcclost tfips mort~age, the !Aoct-
g~gte shall be entitled to apply at anp ;imc pend~ng such (oeec:i~sure su~t to the co::.t h~ving jur~sdiction theicot for the appo~ntment
of a receiver of efl and ~ingular the morigagcd p:ux~ty, and o[ all rents, ~ncemes, profits, issues and revenues thereot, trom Whatsoe~•er
source derived; and thereupon ~t is hereby eapcessly covcnnnted and e6roed that the Court sh~ll lorthwith ~ppoint such receiver with
the usu~l powers and dut~cs of rcceivers in likc cases: end seid appointment shall be made by the court as s matter of strict ri~ht to . _ -
- the Morl~atee, and without :e(erence to :ht adcquac~• or inadequacy of the a~al~~e of the pro~erty hereby mortgaged, w to the solvency 3
or insolveney of the Nortgagws or any other flarty defendant to such sui~. The Alortgaaar hereby speci(icaily waives the risht to object `
_ e
to the ap~eintrttent of a receivor es a(oresa~d end'hereby exprossly consents that such appeintment shsll be made ss en adm~tted equity , (
and ~s a tt~;ter of absolute right :o the blortgeget and that the samc r.tsy ht done x~itho~st notice So ine ~lertaagoi. ~
(t) !f foretlosurt proceedin~s skould be instituted •aoinst tAe ;,roperty covtred by this mortgzge upon any other lien or c(aim whether ~
allegrd to be superiot or junior to the I~en ot this ;norteage, the !dortgagee may a: h~s optior. immcdi~tely upon iostitutien of sucA suit
or durir:g tAe pendency thtreof declare th~s mortga~e end the i^deD[ednrss aecured hereby dus ~nd p~yable forthWitn and m~y at its
option procecd to fweclose this mortgage. _ -
(i) Shat tt,e Mortg~6or will kecp all real and personal property now or hetesfter cncumbertd by the lien o[ this mott;a~e insu?td as may
_ be tequired from time to tirtse oy the Martgagee ag9inst loss by fire, windstorm and e~har hazards, c~sualties and con~in6%ncies for such
periocs and for not less thsn such amounls as msy h~ requited by tht.ti!ort6agee and to pay promyt)y when due all prem~ums !a such ~
insurance. Th~ amounts of insurance required bY tAe Slortgoget ahall be the ninimum amounts [or a•hich s~id insurence shalf be xriuen
, and it shall be incumbent upon the Mortga6o: to main[ain such additional insurance •s msy be necessary to meet and comply fully ~vith - ~
~II cainsutance rtquitemenis contained in said po(icies i~ tht tad that the said !~lwtga6ot~ is not a co-insuror thereunder.lnsurance _
shall be writ[en by a comptny or crnc~anies :aproved cr des~goated by the Alortg~eee and all policies and renew~ls theteot shail ce held ?
by the tite~~tp6ee. All detailyd desi6nations ty the Mort6agor Mhich are accepted DY the Mort6aseo snd :11 sareements bets~een Morta~6er '
and Mor.;a~ee telahng to inaurance, now existing on c~rtefter m~de, shall be in writina and shatl be a part of this mottE~~e aaroemtnt
' ~s fully as ihou~h set forth verbatiri htrein and shall sovesa both parties hereto and their succcssors ¦nd assi~ns. No lien upon any oi
s~ld polieies of insurance o~ upon any refund or relurn peemium r•hich m~y be payable on :he cancell~tion er termin~tion theseo(, shall i
be siven to other than the Mwtgsgee, escept by ptopet endorsement s(fi:ed to such poGcy and ¦pproved by Mortga(tee. Each policy nf ~
ineurance. ahall ha~e affixed thereto a Stsndsrd New Yotk tilortg~gee C13use without Contribution~ makin` ai! loss or losses uader such ~
policy payable to the Mott~ajee as ~ts intc~est msy nppe~r. ;n the-erent ~ny sum w sums o[ money becane payable thereunder the ltor~- ~
gs~ee shall have the option to recei~e and appty the s~me on account of the indebtedness hereby secured, or to pern~t the ii~rtga~or .
to receive and use it, a~ny part thereof, w~ithoot thereby waiv~n~ oi impauin6 any equity, licn, or naht under and hy virtuc c+( thi. ~
_ moctEaae. !r. evtnt of loss or physical damagc to the mor~ga6cd ptoperty the Mortgagor shall gir•e immediatc nouce thereut by masl t:.
_ lhe Mwl~~gee and the ~t~ngager may make ~mnf of loss if thr camc iE not made promptly by tht 1lortgagor. In cvrnt nf fute~l~~~ute o( s~
- ~ ` = f~ F• ~ $.I ~ V E ~ ~J r1 ~ ~ ~ ~
- - 800,K
+ r