HomeMy WebLinkAbout0073 YI~OVIllED, ALWAYS, that if the 1ltoxtgagor ahall pay unto the hiortga~ce the indcbtednet~s evidencccl by a
certaiu oroinieaorv note af which tlie followinR in worde a~id fi~ures is a true copy to-wit:
_ ~ ~la!t~q~po No~v . :
sl ~ Miami, Florida 196'~ ;
t
FOR VAI U~ _ ECE~V Y r ~n ~p
to the order of c!..~-'~~ '-;.:.~~~~j'I ~ :TiT ~ .a' .i. ~ O Ll ' "OTl' ~IloTi 1 Ut Pay ~
the principal su~n of DOLL:IRS, together with interest
~hereon Erom cl:~~c at the rate of ten percent. per annum until maturity, both principal and interest being payable in
lawEul money of the United States at ~0~ Roper Building, Miami, Florida. or at such other place as the holders hereof may
designate in writing. Principal and interest payable in installments as follows:
'1`~r~~~y-~ivo (~2§.JD~ ~11a~s p~r ax~nth l~eg3nni»g c~ t,he
l~th cci~t of F~~ 196l6, aud oantinuing on the 15t~h
d~~ uf asah and orery t~on~h thsree~,t'tt~r until pais~ in iUl1.
~
This note ~na}' f~e prepaict in ~nc~~le or in ~~art a[ter one ye:u- [rom tlie ~L~te hereof upon payment of a penalty
equivalent to t~~•o ~~crrent ot the E~rincipai sun~ prepai~l.
Each installmenc payment shall be cre.iited first on the interest due, and the remainder on ~~rincipal; and interest
shall thereupon cease upon the principal so credited.
The makcrs and endorsers of this note further agree to waive demand, notice of non•paytnent and protest, and
in the event ~uit shall be brought for the collecti~n hereof, or the same has to be collected upon demand of an attorney,
: to pay reasonable attorney's fees for making slich collection. _
DeEerred payments hereunder shall bPar interest at the rate of ten percenc. per annum from maturity until paid.
This note is secured by a mortgage of even date herewith and is to be construed and enforced according to the laws
of the State of Florida; upon default in the payment oE principal and/or interest when due, the whole sum of ~rincipal
; ancl incerest remaining unpaid shall, at the option of the holders, become immediately due and payable.
~ _IVY :10~t::ii:~:a`l'.:;lZ (SEAL~
(sE~..)
= and ahall per~'orm, comply with and abide by eac6 and every the etipulatione, agreementa, conditions and covenante of
Saicl promiesory *~ote and of thia deed, then this deed and the eetate thereby ereated ehall ceade aud be null and void.
1. The h~ortgagor hereby covenanta and agrees: '
(a) To pny rll and sin~ula~ the prineipal ~nd iaterest and ethar itun~ of money ps.yable by ~•inue of eaid promiseory aote and t6is
deed, or eether, prompdy on the d~ya rdpeetively ~he same ~v~raily beeomee du~.
(b) To permit, commit or eu~er no waete aad to maint~in the uaprovemenu at ~ll timea iu • 6~tIE of Sood repair aad eoadition; and
to do or ~errnit to be done to eaid premiass nothin t6at ~rill alter or ehange the uee and ehaneter o( said property or in an~ way `
impair or weaken the security of thie mortaage. An~ in ca~e of the re[n~al, negioet or intbilit~ oi iLt Morl6a6or to repair and mainuin
eaid property, the Mortg~6ee ~ay, et hie option, make ~nch rcpairs or eauee the same to be made, s~td ad~rance money~ in tLat behali.
(c) To pey all and ein6ulor the taxea, aaeeaement~, leviea, li~bilitiee, a~d obli6auons of tver~r natnre on uid doseribed progeiiy Each
and every when due and payabla aceordins to law, before they become delinquent, ~nd to ,delivee to the Mort6a6oe on or before M~rch
15th of each year tu receipte evidencin6 t5e paymcnt of all latvfull~ impossd texea ior thc precedin6 taleader ytar, to indcmaify the
biortgagee upon hi~ dem~nd for all t~aea, seaeaemente and elu~aa that may be asaea~ed upon thi~ moA6s6e on the indtbtedneae necurcd
hereby, and peid by the mortgeRee, without re6ard to any law herctofore enacted or htr~after to be eaaeted impwina paynunt oi tbe
~ whole or enp part thcreof upon thc Mortgegee.
(d) To psy all and einguler the coeta, char6es end ezptna~n, induding l~wyere' [eea and abstract eosta rcuonabl~ incurrtd or pt~~d ~t
en7 time bp the Mort6agee because of ~hr. foilvre on the part oi the ~iort~aor to perforn~, eomply with and abidt br each and every
the etipulationc, agreementa, conditions and cocenanu of eaid promieeory note ~nd this deed, or eithcr, and every eueh pa~nnent ehall
bear interest from date at the rate of ten per centum per annum.
(e) It is further covenanted and agreed by said partiee Lhat in the e~•ent of • Euit btiea inetituted to forecloee thie. a~ort6a6e, the Mort• ~
6a6ee shal[ be entitled to epply at any time pendiu6 ~ueh toree3aure auit to tbe eonrt ~aviea juriadiction ebereo( Eor tbe sppeioimcnt f
of a receiver of atl and ain6ular the mort6a6ed property, and oi ell rcme. incoma, profits, i~ua and eevenue~ theseef, fcom Nhelsoever
source derived; and thereupon it ia hcreby expresaly tovemated ~nd •arEed tbat tLe Gourt eh~A (orthwith ~PFOIA~ 6Ut~1 CCCCIVEt WIIFI
• the usuel powers and dutiea of receivers in like c~eea; aad ~aid appointment ~ll be made b~ the eourt as • matter of eirict ri6ht to
~ the Mortgagee~ •nd without rcference to the ~dequacy or inadeqnaer of the value of the propeny hereby mortbaged. or to the solvency '
i or ineolvFncy of the Mortgagora or any other pariy defendant to euch suit. The Mon6a~or henb~ speeifiullr waivea lbe ri6ht to ~
object to the appointment of a recei~•cr as afor~said and hereby ecpreeely eonsenta that e~ch appointment ehal! be made at an admitted i
1~ eguity and aa a matter of absolute ri6ht to the Mortja~ee aad th~t the a~me m~y be done w9thout noticc to the Mort6a6or. ~
j (f) If toreeloaure proceedinsa ahould be inatituted a6ainst the~x operty covtrtd by t6ia mort6~6e npon any other lien or claim whether
alle6ed to he superior or junior to the lien oi thia mort6aae, the bSortgabee mry at hia option immediately npon inetitution o( such ~
auit or durinR the pendency thereof declare this mort6a6e and the indebtedneas eecured hertby due and pa~able fonhwith end may at
its option proceed to forecloae ihia mort~aAe. ~
i
( g) That the Mortbagor will L•eep all real and pe.•~owl praperty now or hereafter encumbered b~ the lien of this mort6aat ineured
ea may be required trom time to tiine by the Mort~~ee ~~ainal loes by fire, windatorru •nd other hasards, easualtica and contin6ensiea '
for such perioda and to~ not leea than such amounts as mar be reqnired by the Mort6a6e~ aad to pay prompdy when due all premiums '
(or ~uch i~surance. The amounts o! inauraace reqniced b~ tl~t Mort6a6ee Ehall be the minimum amonate for which eaid ineurance ah~ll ~
he written and it eLall be incumbent upon the :Llon6s6or to maiatain anch additional ioenranec ae may be neCeaaary to roeet and comply ,
[ully with all co-inaurance reqvirementa contained in ~aid palicies. to the ead ~!?ae the aid MoctEa6or ie nut a co-ineoror thereunder. ~
Insurance aheir be written by a company or eompaniea apgroved or ateiar?ated by the Monaa6ee and all polieiea ~nd renewala th~reof
~ eheil be held by the biort6abee. All drt~iled deai6naiioue b7 ilx Mort6a6or whic6 are accepted by the Mort6a6ee and all a6reeniente
i between Mort6a6or and Mortgagee rclatina to inauranee, now exietin6 or hereafttr made, eLall be in wri~ing and~ehall be a part of this
~ mort6age a6reement ss fully rr though set forth verbatim herein and shall 6overn both parties hereto and their s~eceseors and aeei~ne. ;
No lien upon any oF baid policiea oi ineurAnee or upon any re(und or return premium which may be p~yable on the cancellation or
termination thereof, ehell be 6i~en to ot6er than the 11ion6a6eq ezeept by~ proper endorsement affixed to euch polic~ and approved by
~tortEa6ee. Each policy of inaurance ehsll he~ce affixed thereto a Standard New York Monge6ee Clsuee withont Contribution, makiag
all loas or loeace under auch policq payable to tbe MortEa6ee as ite interest may appear. In ~he event any eum or aume of ~nonty bccome
payable thereunder the MortsaFee ehall heve the option to recei~e and apply the eame on account of the indebtedaeae hereby eecured,
or to permit the Mort~aaor to receive and use it, or any part thereoi, without thereby waivin6 or impairina any eqnity, lien~ or ri6ht
under and by virtue of thie mortgaRe. In e~•ent of loes or ph~airal dema~t to the mort~aged properiy the Mortgagor ehrll ~~ve imme- s
diate notice thereof by mei! to thc MortEaaee and the bio•t6abee mey makc prav: of loss if Ihc same ie oot made promptly by the i
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