HomeMy WebLinkAbout2008 PROYOt)l:11, Ai.N'AYS. lhal if the ~lurlgagor shall pay~ unto ~hc'.iottgagcc: lhe ind~btcdn~ss ~viJ~nc~d hy~ a
re~lain gn,mi.sory~ nutc ~,f ~4h~ch th~ folloNing in ~~~ords and ~igures is a true c~,py t~,-H~il .
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F~~It ~'~U~I~~~~~t:i~LARK----------- WE~_jointly and _severally,---- p~o~~~.~~ ~?a~•
I~t th~• u~drr ~?f = :
th~• }?rinci~~a) ~,f ~QU~ THOUSAND THREE ~iUNDRED TWENTY-FIVE a:=?e~~~~~~~~tQQo~etlu~r N~itl? intrr~•~t ~
lhr~euii fruin date at th~• ral~ uf t~~~i percenl, pe~ annum until rnaturily. Luth principa) and int~•n•st I~cing ~~a~•able in la~.•ful mon~•~ uf y~
- th~• llnitrd ~tat~•• at '~''~4•1 fii~ca~nr 131~d.. \liami. Flori~la, ur at such uther place .~s the hulde~~ hereof may deaignate in writin~.
Prinripal and interest payable i~? in:tallment~ as (allow.: ~
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ONE HUNDRED ($100.00) DOLLARS per month beginning on the 15th day ~
of July, 1975, and continuing on the lSth day of each and every ;
month thereafter until pai_d in full. . ~ -
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This notc ma~• be prepaid in ~~~hole or in part a[ter one ycar from the datc hercof upon payment of a penalty equivalent -
tu ri~ht E~~•n•~•nt ~?f lhi• ~~~ii~~•i~?al ~iun pn•E~aiil. , L
~ F::~i•h iirtalliu~•~it paynu•nt .I~.ill be ~v~•dited fir•l un thr interest due, and the remainder un principal; and inlerest ~hall lhrrr-
u~~oi~ ~•ra<r upun lhr ~i~incipal ,u ~•mclil~•d. ' • ~ > :
.l h~•'makrr :~nJ ~•udunrn uf this nut~• furthrr a~~~•c to wai~•~• demand, nutice of nou-`?a}'ment and prolest, and in the evc•nt >uit
~hall I~~• bruu~ht [or l6r ~•ull~•cti~?n hercu[. or thr came has to t?e collected'upon demand of an attorney, to pay ~easonable atlorncy~~ `
frr• fur roakin~ ~ucli ~•ull~•rtiun. _ ~ . " ^
I)efer~cd pa}'nwnts hrreund~•r ~hall bear inter~~l al the ratP of ten perc~nt per annum [rum maturil}' until paid. "
. "l~hi~ notr is ~ecured hV a murtga~e~of even date herewith and is to he constn~ed and en(orced according to the IaHS o[ the
~tat~ of Nlorida; upon dcfault_in the paymenl of principal andlor intere~t when due, the whole sum of principal and intrre~l
n•maining unpaid shall, at the optic~n of the holden, t~cc~~me immediately du a} payable.
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Ptrpared b) ~pxl~r ~ t~ndri~h. ,Utorneyc - '?L10 Ftiscayne Hh•d.. 1liami. ~Icxid~ - ~ -
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ar~~ shall perCotm, comply K~ith and abide by each and every the stipulations, agreements, conditions and cove-
nants ot ~aid premissory note and of fi~is deed, then this deed and the estate thereby created shall cease and be ~
null and ~•oid. _ - ~
1. The hlortgagor hereby covenants a~d agrees: - - - ~
(a) To pay all and ~~ngular the principal and intcrcst and other sumc of money payable by virtue of sa~d promissory nott and this ~
dced, or eiihtt, promptly on tht days respcctively the samc sevcrsily becomes duc. ~ ~
. (b) To perr.~it, comm~t or sut(er no waste a~d to ma~nta~n the ~mptevements at all iimes in a state of good repair and condition, and to j
do or perm~t to be done to said premises nothing that w•~II alter or change the use and chatactec of-said propetty or in any way impair or 3
' w•eaken the security of this mortgage. And in case of thc refusal, neglect or inability of the Mortgag~r to rcpair aed maintain seid proper- i
ty, the !~1or~gagee may, at his opt~on, make such repairs_or cause the samc to be made, and ad~ance moneys in that behalL s
(c) To pay all and singular the taxes, assessm,nts, le~ies, liabilities, and obligations.o( every naturc-on said desccibed property each ~
and evety when dut a::? payable accord~ng to Iaw, be(ore ihey become delinquent, and to deliver to the Alortgagee on or befnre Alaccn
~ 15th of each year ~a? rcceepts eviJencmg tfic payment ot all law•fully ~mposed taxes for ~he prcceding ealendar ycar, to mdemnify the
Mortgagee upon hss demand [or all taxes, atisessme . and charges that may be assessed upon this morlaage on tre indebtedness
cured hereby, and pa~d by the mottgagee, w~tho~t regard to any la_w hercto(we enacted or herea(ter eo be enacted imposing ~ayment o:
the whole or any ~art thercof upon the \lortgagee. , _
(dl To pay all and s~ngular the costs, charges and expenses, including lawyers' fees and abstract costs reasc~ably incurred or pai~ at
- any timr hy thc .\tortgagee because of the (a~lure on the part o( the tilortgagor to pe[fotm, comply w~th and abida by tach and avery the . ;
supulations, agreemen~s, conditions and covenants ot said promissory notc and th~s deed, or either,- and every such~payment shalE bear '
~nterest ~rom Jate at the rate of ten UO Der centum pec anoum. ' ~
(e) It is further cavenanted ~nd agreed by aaid parties th~t in the event of a auit beinY instituted to fweclose this mort~ase, the Mxt- {
ga{ee sh~{I be entii(ed to apply at any time_pendin~ euch (oreclosure auit to the court havin` juriediclion thercof for the appointment
of a teceiver of sll end sin~ular the mortga~ed property, and of ~II rents, incomee. profits, iasuee and revenuos thereot, from wh~tsxver
li source derived; and thereupon it is hereby e:prea~ly coven~nled and a6reed th~t the Court ahall forthwith sppoin: such receiver with
the usual powerc and dutie~ of receivers in like caae~; and a~id appointment shall De made by the court as a mauer o[ strict ri~ht to
the Matj~~ce, and without ~o[erence to ~~e adequacy or io~dequacy o[ the value ot the pcoperty hercby martta~ed. or to the solvency ;
or insolvency ot the Mortsa~aa a any omer p~rty defendant to ~ucA suit, 1Te Mortaa~or hereby apecitic~ily waives the riiht to object 3
to ihe appointment of a receiver ~s atwea~id and hereby e.xprcsely consents tb~t such~~ppointment sh~ll be aude ~s sn ~dmittcd equity _ ~
~nd as a rtutter of abaolute ri~ht to 1he Mottp~ce and that t!?e a~me may be done without nntic~ to the Mortia~or. ~ 4
If toreclosure proceedieN should be instituted ~~~insi the property covered by this mott~a~e ~pon any othet lien or claim whether ~
- alle~ed to be superior or junios [o the lien ot this mott~a~e, thc Mort~a{ee may ~t his option immediately upofl instiWtio~ ot such suit
- " a durin~ tht pendency thereof declsre this mat~a6e •nd the indebtedness sec~red heteby due and p~yable forthxith ~nd may atiis ~
option prxeed to laeclose this mat~a~e. _ • - - ~
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That the Mortq~ot rill keep a!1 rc~l ~nd personal property now-ot Aereafter encumbeted by tho lien of tAis mott~a~te insared as may 1
be required froe~ time to time by the R~IatRa~ee aaainst loss by :ire, wrindslorm and other hazards, casualties and contin~encies for such 1
pcriods and for oot less tl~an auch ~mounts as m~y br requircd by the Mort~aiee and to pay prua?ptly when due all premiums fa auch i
inaunnce. The ~mounta oi iww~nce requireA by the MortiaLee s6a11 be the miaimum ~mounts tor which a~id insur~nce sha)1 be riitten
and it shall be incumbent upoe the Mort~~~or to maintain such additional insur~nce ~s ms; be necess~~y to meet and comply fully with
~ - all cainsurance cequirertxnts conuined in said policies to the eod .that tho s~id Mor~~~~a is not a caiesuror thereunder.lnsurance _ _
- shstl be vritten by a compeny a cumyaeies aYproved or desi~n~ted by thc Mor~a~ee and all policies ard «ne~~la tAereo3 shall be held ~
- by the Mort~a~ee. All de4ilsd desi~natio~s by the Mort`ata which are accepted by the Irlottsa~ee and alt asreements betxeen Mort~~~or ;
- snd Mort~a~ee relatinR to insur~nce. no~i eristin~ a hero~fter made. ~hstl be in ~ritins aed shall bc ~ psrt of tbis mortp~e a~reement :
- ~s tully ~s thouih set forth verbatiaa h4rein and ahsll ~orem both parties hereto s:+d their successws aad assi~ns. No lien upon sny ot ~
s~fd policies of insursnce or upao ~ny refund or ~etum premium whicA awy be p~y~ble on the c~ncellation or tereeination thereof, sh~ll -
" be ~iren to other than the h4or~a~ee; except by proper endorsement ~ffixed to such poliey and ~pproved by Mort~a=ee. Each policy of ~
inswanee shel! have affixed theroto ¦ St~efdad He~r York Mortj~~ee Cl~vse wi~hout Contribution, matin~ ~II loss or losses under such
policy payable to the Mottp~ee ~s its interesc enay appeu. !n the ereat aey sum or awea of money becomE psyable ihereunder the ~tort-
E~~ee shatl have the option to receirc and spply the sese on account o( the indebtedness hereby secured, or to permit the ~lart6agor
to receive and use it, or any p~rt thcreof~ rithout thereby w~irin~ ot iaapaitini any equity. lien, or ~i~ht under and by vittuc ot th~.
= _ morl~~sa In evcnt of loss or physical dams~e to the mott~a~ed property the Mortta{or shall aive immtdi~it nolice thereo! by mail to
the Murtp{ee ar?d the Mo~t6a{ee nay make p{oot of loss if the s~me is not made ptumptly by ~he 41ort6s~or. In event nf (ote~ln.ure o( ~
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