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Home My WebLink About1474 NRU\'lt)f:l), AI.NAt'1, lti.t~ if tt?~ \{u~igasot shall pa~• uma~ the \tortgagee the mdebtedne~s ~v~J~nc~d h~~ a . c~ttain p~um~.~ur} autr ~•f ~~h~~h th~ fu{lu~?ing in ~curds and figures is u Uu~ «~py lo-~it ~ 75 s 3,625.00 ForC Pier~e, ~~lori~l~~_ 3~ H(1N 1'r~l.l!N ItH:t:l:l\li'.I) WE QlI1G~.y~ nd~~v~r~~.~y_>--- promi:c tu E~a~• rh<~ ~~r~~~~r o( ^ MURRAY SHAY and _ ETHEL~. SHAY,___his wife ~~a d no ~100-- - the ~~r~nri~~al sum of THREE ThOUSAND SIX HUNDRED TWENTY-FIVE 11 [1UI,1.:1RS, togrthcr wilh inte~r~l R tl~ereu~i frum date at thc rate of tcn perc~nt, per amiuni unlil rnatu~ity, bulh principal and int~•resl bcing pa~•able in law~ul mon~•~ uf ; the Uiuted titat~~~ at '.'.'.'.•1•1 ft:sray~~r l3h'S., \liami, Fl~~ida, ur at ~uch ather place as thc h~~lder: hereof may designale in writing. ~ ~ P~incipal and intecest payable in i~istallnten4+ as [ollow::: ~ - EIGHTY-FIVE ($85.00) DOLLARS per month beginning on the 15th day of July, 1975, and conCinuing on the lSth-day of each and . every month Chereafter until paid in full. This note may be prepaid in «~hole or in part after one year from the date hereof upon ~ayment of a pena!ty equivalent ~ lo ~•iKht p~•rc~•nt uf tl~r principai sum ~~rcpaid. : • F:ach in~tallm~•nt peyment ~liall be ~•~edited first on thc i~terest duc, anJ the. remaindcc on princi~?al; and interest ~hall th~•rr- upun ~ras~~ upun lhr principal •o ~~~~dited. - Tlsr- maken and rndur~rr. o[ thi~ nute furthcr agrec 1v waivr dcmand, noticc of non-}~aymenl and prot~~st, and in 1hc e~•en1 ~uit _ •hall be hrought [or th~~ collectis?n herco[. or the same has to be collected upon demand ~f an attorney, to pay ceacanable attorne}•~~ _ fe•r~ fur making such cullectiun. ~ ~ ~ Ueferred paynecnts here~nder ~hall bear intcrest at the ratc of ten percent per annum from maturity until paid. - 7'1?+s notf i~ secured hy a mortgage~of even date herewith and is to be construed :nd enforced according to the laws o[ the ~tat~ of Florida; upnn default in the payme~t of principal ancVor inte~est whcn due, the Mrhole sum eE principa! and interrs! ~ n~maining unpaid ~hall, al thP option of the holders, becomP immediately due and a able. ~ ~ S' ~1~ '7 (~~~1L) - - % ~ c:.L'-%t-•~ ~ (SF;AL) _ Preper~<1 by ~pieler 1i Tendrich, .~ttorneys - 2Y40 Biscayne Blyd., Miami. lorida . °i • . ~ - - i . anJ shall perform, comply with and abide by each and every the stiQulations, agceements, canditions and cove- . ~ nants of said promissury nute and of this deed, then lhis deed and the estate theceby created shall cease and be - i ~ null and void. • ~ ' . , i 1. The !~lortgagoc hereby covenants and agrees: ~ ~ j (al To pay all and s+ngular the qincipal and interes~ and other sums of money payable by viitue ot said promissory note and this deed, or e~the~, prompUy on the days respecti~~ely ihe same severally becomes due. _ _ .i (b) To permil, cqmm~l or suf(er n~ w•aste a~d to ma~nta~n ~he improvements at atl times in a state of good repair and condit~oo, and to . _ ~ do or permit to bt done to said premises noth~ng that will altcr or change the use and cheracter of said propetry or in any way impa~r or ; uesken the security ot this moetgage. And in case of the rcfusal, negfect nr inabitity of the Mortgagor to repair ard maintain ssid proper- ty, the Mortga~tee maY, at his opt~on, make such repairs or cause the samo [o be made, and advance moneys in that behalC ' (c) To pay all and singular tho taxes, assessments, levies, liabilities, and nbligations of every nature on said desetibed qropeety each ; ~ - and evety ahen dut and peyable accord~ng to law~, before Ihey become delinquent, and to deliver to the Morigagee on or before blarch ; 15~h of each_ year tax receipts evidencing tht payment of aN law•Eu11y imFased ~axss for the preceding calendar year, to :ndemn~ty the ( Mor[gagee upon his Jemand for all taaes, a.sessmen~s and charges that may be assessed upon this mortgage on ~hc indebtedness cured hereby, and paid by th~ mnrtgagee, wi~hout rrgatd to any law heretofore enacted or hereaRer [o be enacted imposing ~ayment o: , _ ~ ~ the whole or any ~3rt theteof upon the .ltoctgagee. " (dl To pay all and singular the costs, charges and expenses, ~ncluding ?awyus' ftcs and abs~ract cosls reasonably incurred or psfd at - any time hy shc ~tortgagee because o( the failutc on ~he part of the Mortgagor to ptrform, comply w~th and abide by each and av~ty the _ _ stipulations, agreements, conditions and co~•tnants ot said promissory note and this deed, or tither, and every such~payment shall bear - ~ ~nterest from date at the rate of ten ( IO"r) oec cenwm ver annum. - - : . ~ ~ , (c) - It ia further cotlena~:'.=d and agreed by aaid pstties thet in the evens o[ a suit beiny ina~ituted to fortclosc this mort~age, the Mort- ; - a~~ee shall be entitled ta a~ply st any time pending such toreclossue suit to ehe court havin` juriediction thereoE Car the appoiatment ~ of a receivtr ot ~11 and .in6nlar the niortgascd proE+erty, ~nd o[ all rents, incame~, ptofits, i~sucs and revenues thereo(, ftom Whatsoever source detived; aod the~eupon it is heteSY tiRtt53Iy covenaated and a=seed that tho Court ahail forthrith appoint such receiver with the usual powets snd duties ot roceivera in tike caees; and s~id appoic±tment shall be made by the court as a m~tter of strect ri~ht to - the Mart{s~ee, and ~rithout teference to the ;dequacy or inadequacy of the value ot the property hereby_ mat~ssed. or to the aolvertcy or insolrency ot the Mort~~~ors or iny other party de[endsnt to such suit. The Motts~~or heteby spo~ifiC~lly w~ires the ri~ht to object - to the appointment of s ceceiver •s aforeaaid ~nd hereby exprossly-canstnta that such appointmant'ahall be made ~s ~n admitted equety " and ~a a~tte~ of ~bsolute ri~ht to the 1?4ortso=ee and th~t the same may be do~e without nofice ta the Mort=e~or. _ " - ~ (f) If forecloswe prceeedinrs should bc instituted ~jain~t the property covered by this owrt~=e upon any other lien or claim whether - _ a1le~ed to be superior or juniar to the lien a[ tl~is ~ttatts~e. the Matf~=ee may •t dis o~tion i~rnedi~tely upon institution of such suit ~ _ or du~in~ tfte pe~ency thereof decl~rc this mort~~se end the indebtednes~ aecured hereby dua and payable ~orthwith and may at its option procsed to foreclose this mat~a~e. : - - i~ TA~t the Mottpia vi11 tesp all real and pcraonal property now a htresfte~ encumbered by the lien o[ this ma~~~~s insurcd ~s may ~ ' be r~quired froa~ time to tiioe by the Mort~a~ce eqinst loss by (ire. windstam snd othcr hs:ards, c~s~ities and contin~encies for such periads and [or not less tlun aach amaums_ as m~y be required by the Morti~~ee and ta p~y protnptly when due ~It p~emiums ta such - ~ inawance. The amounts ot in~w~nce required by tbe Alorti~tee sdall be the minimum •mounts for w~hich s~id insurance aha11 be written £ anJ it shall tre incumbent upan the Moet~a~or to maintain such ~dditional insur~eto ss may be necessary. to eneet arW comply fully with € ~ a11 c~+-insur~net requircments =bntsened in said policies to tte ead that the said Matja`ot is eor ~ cwinsuror thercunder,Iasurhrtce sh~11 be rritten by a company or canpanies appcoved a dcaiinated by the Mortsa~ee and ~II poticies and rene~als thereo( sha11 be held _ ~ _ by ths Mortpsee. All detailed deai~utioee by t6e I~tort~ator ~rhich ue accepted by the 1~Aartpics and al1 a~reeaients between Mort~ator ~ ~ •nd Mo~tta~ee tel~tin~ to insurance, now exiatin~ or hero~fter m~Ee. sh~ll be en rritia~ and shall be a put ot tAis ma{tq~e s~ceement ' i as fully ~s thou~h set fath verb~tim huein and shs11 tovern botl~ psrties hercto and their successors snd ~ssifns. No licn upon any o( F ~ - aald policies ot insurance or upaa~ any refund at return pcemeuus rhich ~ay be pay~bte on the c~ncellation oi urmination ehereot~ shsl! - ~ be ~iven to other than the Morts~~ee, except by proper endorsement atiixed to ~ucb policy snd ~pprorcd by Mo~~tases. Each Da~~~Y Q~ inaw~net sfi~li fiare affixed thereto a St~nd~rd Ner York Mortp~ee Clause without Coatributice~, makin~ alf loss or losses under such poliey payable t~ tht blort~a~ee ss iu intereat raty appeac. ln the erent any sue+ ot sua~s o[ rianey become pay~ble thercunder the ~1ori- ; - ~~~ee shsll hire d,e option to receive and apply the s~me on account ot the indebtedness hereby secured. or to permit the NnrtgaEor i to receive and use ii, or •ny part tfiereo(, Mithout 4'~ereby w~ivini or impairir~ sny equity, lien. or ri~ht under and by virtuc of th~. _ f - . mo~t~ase. In eveot of losa o? phYsicsi d~ms;e to the moct~a`ed pcoperty the Moctp~or ais~ll iive immediate notice t}:eteof by ma~) t~i ' ~he Mlurt=~~ee arn! the A~ior~Ea`te may makt ptnof of Ioss i( Ihe same is not made promptly.by ~he Nortasjor. It~ event of twe~ln.ure u[ $~~x ~39 ~_,G~1.471 : A - _ - . ~ . - - - - : - _ . _ _ _ , ~ , , - i