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Home My WebLink About0141 " ~ ~ PRA~'lDEn, ALWAYS, that ii the Alortgagot shall pay unto lhe 11o~tgagee the indebtedness r~•idenced by a ` . ; c~ttain promissory note - af which the ~oliowirg in wo~ds and figures is u t[u~ copy to•w•it: ~ . .d..~.. . . _ ~G ~ ~7 ""T' , ~ S~. 1~. ~~?~Q.Q~ - _ F~~~'~erCe~ i~'lorida_ M~y H._ 19~. ` . F~~H ~~~1,~~~~~AF;~I~~~~ WE __'o~ ~_nt~ and _severally, promi~e lupa~ ~ ti~ tb~~ unicr o[ ~ CLA the princ~pal of _FQLB TN~~USAND THREE HUNDRL;D 'I'W~:NTY. -FI4'E and~~ . A~tQ, o"t getlirr wit{? inl~re~? thrre~~ri l~u~iz date at thc rat~ of ten c?crcent, per annum unlil maturity, buth principa! and ii?lerest being pr}•able in law ful mou~~~ ut ~ the United ~tatc~ at 2'.'.•1~1 fiiscaync GI~•J., \liami, Florida, or at suci~ olher place as thc holders hereof m~y designate in writinK. Principal and interest pay~ble in insta!lments as [ollows: ~ONE iiUNDRED ($100.00) DOLLARS ~er month beginning on the 15th day . of July, 1975, and continuing on the 1Sth day of each and,every monrh Ch~reafter.unCil p~id in full.. This note may be prepaid in K~hote or in part after une year from the date heceof upo?i payment of a penalty equivalent to eight pen•rnt ~if tlie princi~,al .unt n:~•pai~. . _ _ ~ Fach installment }~ay+nent shall t?e credi~ed (irst on the ii~terest due, and Ihr ~emainder on principal; and interest shall tl?rn•- _ upon ~eav upun th~ principal ~n crcditcd. - - ' Tiie mak~n and rndon~ n of tiiis nut~ fu~ther agrFC to Naive demand, notice of non•payment and protest, anc~ in lhe e~ent wit ~ ~liall t~r brought Cor the collection hereo(, or the same has to b~ collc::ted upon demand ot an attomey, to pay reasonable atturney'~ ~ f~~r~ for making such collection. ~ . , ~ Ue[errcd payments licr`under ~haN bear iMere~t at the rate of teri percent ,^.;r annum from maturit} until paid. ' - 7'his note ic ~ecurtd b} a m~rt~a~: o[ ~~r•cn date herewith ~nd is ta bz construed and enforced according to the laws o[ the ~tatP a€ Florida; upon defauft in the payment o[ principal and/or intecesl when due, the whole sum of principal•a~~ intr~~st ~ rrmaining unpaid.~hall, ~t the option of the hold*~, become immediately du~ `2~ ps?yable. _ ' ~ ~.~lY~-~ /C~ SH:AL' . ' J , ~ J ~ ' - ~-~L~~ • _ ~~c-r~-cJ (SEALf Preparrd by ~pirfrr 8'fendrich, Attnrneys - 224C Bis~ayne Blyd:. Aliami, Flot~da . ~ _ . • ~ and shall perform, comply with and abide by eac6 and every the stipulxtions, agreements~ conditions and cove- t nants of said ptomissosy note and of this deed. then this deed and tt?a estate thereby crea~ed shall cease and be ; ~ null and vaic~. : - - - ~ 1. The h4ortgagor heretiy covenants and agrees: - - ~ P g pr p y p~yable by virtue of said promissory note and tt~is ; i (a1 To sy all and sin ulnr the Ynci al aod interest and o'her sumc o( mone ~ F ~ . deed, or eithei, promptly on the days respec~ively the same severally becemes due. - ~ (b) To petmit, cemm+t ae sutter no vra~te an~ ~u ma~n~ain tAe impscvements at all limcs io a state of good tep:ir and con~ition, and to ~ 1 do ~r permit to be done to said prtmises nothin` thu •.v~l' a11er or ehanEs the use and character ot said property or in any way impair or i 4 w•eaken the security oi this martgag~. And in case of thr ~cfusal, ntalect ot inabiliry of the Mort6agor to repair ar.d maintain said prope~- ~ ~ ty, ~ht Ma~g~gec rosy, at his opUOn, make such repairs ar cause the ~ame to be made, and advance moneys in that behalt. ~ ~ (F) To.pay al: and cingular the taxes, assessments, le=+ss, liabi:ities, and obligetions of every naturE on said describtd propeity each { { and every when due and payable according to laa, befcxe they become delinquent, and to delivettotht Mortgagee on or before March ~ • 15th ot e~ch year tax receipes evidencing the Qayment o( all law~fully imposcd 1a:es for.the preceding eatendar year, to indemnify the . ; ' Mort~agee upon his demand for all taaes, a.ses~ments and charges that may be assesscd uaon ihis morlEage on thc ir.debtedness ~ t cured hereby, and paid by the mortgagee, without regard to any law heretofore enacted or hereafttr to be enacted imposing ~ayment of € the ~~hole ur any ~art thereof upon the Alortgagee. E . . t . - ' ~ - (d) To pay all and singular the costs, charges and etpenses, including lar+yers' fees and abstract costs reasonably incurred ar paid at ~ ~ any ~imt n~• ihc Vortgagee. bccause of the tailure on the part of lhe Ator~gagor lo perfo~m, comply ~~ith and abide by wch and every the ~ 1 s~ipulat~ons, agreements, conditions and covenan:s of said ptomisso:y note an~ this deed, or ei~her, and evety such'payroen! shall bear i t imer~s~ ftom date a1 the rate of ten (1O per centum oer annum. - . - j ~ ie) !t is further coven~nted ar.d ~areed by s~id pir~~ea th~t in the erent ot a suit being instituted to foraclose this mort~a~e, the Mort- f - ~~~ee sh~ll ba entitl-d to npply at any t~me pendinQ such t~reclos:ue suit to the court havint jurisdiction thercof for the appointrr.ent . ot a receiver ot ~li and .insular the morte~~ed propecty, and ot ~II rents, incomes, profits, issues tnd revenues thereof, trom wh~tsoever ; 3 - source derived; aeM thereuoon it is Aereby ezpre~ely covenanted ated tjretd ~h~t the Court ahall totthvith appoint svch receiver With ~ I_- the usual porrers ~nd duties of receivera in like cuea; ~nd s~id appointarcnt shall be made Ey the cowt aa a matter of strict ri~ht [o ~ l~ the Mort~ijee. and withont rcteeence to tha adequacy or in~deQuacy of the value of the pcopeny heteby mtxtp=td. or to the aolrency or inaolvency of the Mortiatas or any osher party Eefendant to inch suit. The l~lott=~~ot Aeteby sprcifitally vsives the ti{i:t to object 1 t to the appointment ol a receiver •s ~foresaid ~nd hereby e~presslr cansents that such appcintmsnt shall be msde as ~n admired equity _ and as a m.tter ct absolute riEht to tte Mortp~ee ~nd th~t the a~me reey be done.without notice t3 the Mottja~or. - ~ `c (t) ~oreclosure proceedin~a ahould be instituted a~ain~t the property covered by shis ~wt~a~e upon~iny othet lieu w claim .:3ether _ ' i ~ alle~ed to be superipr oc junio: to tht lier. of this mortiaie. the Mc~tt~a~ee rtuy at his optien :enmedi~tely upon instituti~ Qf such suit z ~ or durin~ the pendency tSeereof eleclare this aatt~~ie an~ the indebtednea~ secused hereby due and payable (a~hrith and msy ~t i~s ~ - optian proceed to foreclose this ~tia{e. - - ~ - ~ . ` ~ (v That ~hc MortQa~or xill kesp all real snd persona{ pcoperty noM or heresftc~ tncumbered by the lien o: this iewt~s~e insured as may ~ be required fran timr to tiroe by the Mostiaiee a;ain~t loss by fire. windstorm and other hazards, casualties and contin~encies far such ' _ periods and fa not les• tba~ such a~ounts as may be reqrirtd by the Aiortµ~ee •nd ta pay ~rompqy when due ail premiums fc+r such insuranes. Tl~e aaaunta o( iaaw~nce raquired by tbe Mortsaiee sbait be the minimwa amounts for rdich said insur~ncs shall be rritten - ~ ~ and i! sh~lt be incumbtnt upon ihe Mon~a~or to maintain such additionat ina~nsnce ss may bt necesssry to meet srd comply fuilY r~ith ~ - ~11 co-inswance requiremcet~ eontained in s~id policies to the ead that the said Mo~tp~a is~not a co>insuror thereunder.lnsurance _ ~ shall be written by a company u companies appcorad w desi~nated 'oy the ~Aort=afee and ~II policies ~n~! rene~~ls thereaf shall be held by the 4tortpice. All detailed desi~~atioos by tbe Morqa~or which are rcceptsd by the Mortsatee and a11 aireemeets between Mlorti~~or and Mo~ts~~ec rel~iin~ t~ ioswence, aor existin~ a Aert~ttcr msde. sAalf be in rnitins and shall be s ps~t of this neat~se a~reement ~ as fully ~s thousl? set fortA verb~ti~a Aerein snd sAall forern both puties hereto and their successors ~nd asiE~ns. No lien upon sn~r of = sa{d policies ot ins~rsnce or upan sny refund or reium pcemiwn whieh aKy be payable on tha c~acell~tion or tennination thereol. shall be ~iven _to other tran the Mortp~ee. eacept br ptopsr end!+isement •f[i:ed to such policy and approved by Mc~tss{te. E~ch poficy ot - _ inruroece ~hall harc afti:ed therero rStendud Ne. Yak A;orti~;ee Cl~we w~ith+ut Contribut~cx+. a+akin~ all loss or losses ueder such policy payeDle to the Aioriq~ec ~s its intcrest may ~ppeu, ln the ereni sny sum or suAS ot euoney becoa?e pay~ble ihercueder tAe Mort- ~a~ee shsil have the option to receire and apyly tht same un.aocount of ~ho indebtodntss hercby sscured, or to permit the 41or:~aaor to reccive snd wc it, or any pan thereof, without thereby raivin` or impairir~ any equi~y. lien, or ri~ht undcr a:!d by virtue of this nwct~ase. !n ersnt of lass or pAysicsl dsms`e te the mort{a~ed preperty the Mortp~w sAaf! {ive immediate notice thereot by ma~I ta tfle 5lort=s,}ee arxi ~he AMrEEa~ee may mtkt proot of losi it thc ssme is not made promptly bl ~ht Mott~~{ot. In erent of t~oreclosvr~ o! ~ ' ~~O P~ _ ~