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Home My WebLink About1138 PROVIUEU, ALWAl'S, that if the biortgagor el?all pay untu the 11lortga~ee ihe inde6te~Lieev~ evi~iznced by A certain promisaory note oi wl~icl? the foltowiug in wor~ls and figurea is a tri~e cupy to-wit: . - i~1dUt~OgB ~ Q*Q~Qa~ 1liiami, Florida ,r~BIIy1A1';r~-- 19 -~6 FOR V:1LUE RECEIVED _Y. promise to pay wthcorderoE i~~U:i:i "=i.ti;ii~T~~ •i11 ~ '~i;l,~ul~~i`;iiTr ~ ~}i~: ti~7~~@~ - the ~>rincipal sum of ~Q_~Q~A1~ ~1,11Q~~~ - - - ~OLLARS, together with interest thereon trom etate at the rate of ten percent. per annum until maturity, both principal and interest being pa}~able in las+•ful money oE the United States at 20~ Roper Building, Miami, Florida, or at such other place as the holder~ hereof may designate in ~~~riting. Principal and interest payable in installments as follows: ~ lii~~ (~54. Dollar e per ~ont,h bsginni~g on t~he 15th 8ey o! liar~b, 1956, and eon~imxi.~eg on the 15~h d~~yr o! ~a~ah ~~nd ffior~th thsr~attax mntil paicl in u7,1,. . ( "I'his note ~n:ry I~c ~>rc~~ai~i in ~~•iioie ur in ~~art aiter unc ~e:u Irun~ tl~c riate ifere~~i u~wn E~a~•meni ui a i~e~~alty eyuivalent tc~ t~re~ ~~ercent ~~l tl~e ~~rinci~~.il stnu jrre~~aiil. I Each installment payment shall be crediteci first on the interest due, and the remainder on ~~rincipal; and interest ~h~ll ~h~reunon ceace uoon the orincioa~ so credited. I "The makcrs and endorsers of this note fuither agree to waive demand, notice of non-payment and protest, and I in the event cuit shall be brought [or the collection hereof, or the same has to be collected upon demand of an attorney, to pay reasonable attorney's [ees for making such collection. DeEerred payments hereunder shall bear interest at the rate oE ten percenc. per annum from maturity until paid. This note is secured by a mortgage of even date herewith and is to be cons[rued anci enforced according to the laws of the State of Florida; upon default in the payment of principal and/or interest when due, the whole sum of principal ancl interest remaining unpaid shall, at the option of the holders, become immediately due and payabie. ALBERTA I,. MONROF ~sEpi,) ~sE~) and ahall perform, comply with and abide b} each and ever}' the etipulatione, agre~emente, conditions and covenanta of eaicl promisaor}~ note ancl of this deed, then thie deed and the estate thereby created ahall cease and be null and void. 1. `fl~e l~iortgagor hereby covenante and agrees: (a) To pay all and tinsular the principal snd intereet and otLer ~nm~ of money payable by ~•irtue o[ eaid promisaory nute and thie deed, or either, promptiy on the days respectively the eur.e reveruily becomea due. (b) To permit, commit or eu@'er no waete ¦nd to meintain ti~e impro~•ementa at eU timea io a aute of 6ood repair and condition; and to do or permit to be done to eaid premieta nothina ihat wrill alter or ehange the nee and character of said property or io any way impoir or weslcen the aecurity of thi6 mortba6e. And in ease of the rcfuaal, neslect or inebilit~ oi tbe Morl6aaor to repair and m~intoiu eaid pruperty, the Mort6a6ee v~~y, at hie option, make ~uch repaire or cauea the ea~ne to bt made, and advance mone~e in that be6alf. (c) '1'o pay all and ein6ular the taxee, aex6emente, levies, liabilitiea, and obli6atione of t~•ery nature on said deaeribed properiy uch ~ and e~~ery when due and payable aecordin6 to law, be(ore they become ddinquent, and to .dclivtr to t6e Mort6agce on or hefore March 15th of each year ta~ receipta ecidenciug tht p~yment of all ln~r[ully impoeed taxea for the precedin5 ealendar year; to indemnify the 5iortgagee upon hie demsnd for all texee, aeaeeaments and char6ta that may be asser•ed upon thie mort~,re6e on the indebtedneaa eecured hereby. and paid by the mor~RaRee, without rc6nrd to any !sw heretofore enact«i or hereafter to be enacied impoein6 payment uf the whole or any part thcreo[ upon the 1liortgagee. (d) To pay all end eingular the coete, cher6es and e:prnees, includinR lawyere (cea and ab6tnct coate reaaonably incurred or paid at = ¦ny time by the hlort6agec because ot the lsilure on the part of the ~SonFe~or to perfonn, comply with and abide by each and every Ihe etipulatione, agreemen[s, conditions and covenanta o[ eeid promieaory nore nnd this deed, or cither, and every auch pa~~oent ehall bear intere~t from dste at the rate of ten per centum per ~nnum. (e) It ia further covenonted and agreed by eaid partiea that in the e~ent of a Euit bei~6 inetituted to (otecloee thie mort6a6e, the dlort- Ragee shell be entided to epply et any time pendiu6 such toredoaure suit to ebe coun havin6 jurisdittion ehereof (or tht appaiotmcat of a receiver ot all and ain6ular the mort6a6ed property, and of sil rents~ incomes, profils, isauta and revenues thereof, from ~+hataoever eource derived; and thereupon it ie hereby expreesly covenanted and agreed that the Court ehall forihwith appoint auch rcctiver with the ueual powere and dutiee of rtceivers in like caees; and said sppointment ebnll be madt by the court ae a mattcr of atrict right to the Diort6,agee, and without refercnce to the adequacy or inrdeqnaey of the value of tho propeny hereby mortga6ed, or to the eolvency or ineol~•ency of the Mortgagors or any other party de(endant to euch 6uit. The Mort6egor hereby epecifically waivea the right to object to the appointment of a recei~-er 86 a(oresaid and hereby racpresely consents that euch appointment nhall be made ae an admitted equity and as a matler of absolute rip.ht ro the MortEa~ee md thst the 6ame mey be done without notice to the Mort6agor. {O If lore~losure proceedinss should be inetituted •~,ainet the proper~y- cor•ered by thie mortga6e upon any other [ien or cioim whether alle6ed to he superior or junior to the lien of this mortaeae, the Mortga6te may st his option immediptdy upon inetitution of euch auit or during the pend~ncy thereof declare this mortaaEe and the indebtednesa eecured herebq due snd payable forthwit6 ¦nd may at ita option procecd to forecloae thi~ mortFage. (6) Thst the biorigegor will l-eep all real ~nd pereonal property now or herrafter encumbered by the lien of thia mort6aEe ineurtd aa rnay be rcyuired from time to time by the Mort6e6ee aaainat losa by fire, windstorru and other hazards, caeueltiea and continaeociee for such periods and for no1 leaa than suc6 amounta ae may be reqaired by the Mort6agee and to pay promptly wben due ail premiume for euch insurence. The amounta of inaurance required b~ tha Mortgegee Fhell be the mini~num smounta for which eaid ineurence ehell Le written and it ehsll be incumbent upon the Mortga6or to maintain suth additionel inenrance ae may be neceaaary to roeet and comply fully with alt co-inaunnce requirem~nta contained in ald palieiea to the end that the eaid Mortgagor ie not a co•inauror thereunder. Ineurance. ehnlf be written by e company or companiea approved or desi6nated by the Mort6~gee and a11 policiee and renewat6 thereof ehall be held by the lltortga6ee. All deteiled deai6natione b~ the Morl6aaor whic6 are aceepted by the Moti6agee and all agrecmente betw•een Mort6agor snd Mort6agce rclatin6 to insurar.ee, now e:ieting or hereafter made, sha11 be in writin6 ~nd e6all be a part of this mortgage agrcement as fully aa ~hough set forth verbatim herein and ehall 6overn bo?h parti~e hereto and their sneceaaors and 8661~f16. tio tien upon any of baid polici~e oi inaurance or upon any refund or return premium which may be pa;:ble on the cancellation or ' termin$tion thereoi, ahall be ai~•en to other then the Mort6sace, except by Proper enJor6ement afl5xed to such policy and approved Ly ~ ~tortgeaee. Each policy of inaurance ehall hexe e(fized thereto a Siandard Ncw York Mortgagee Clause withont Contribution, makinR all lose or loeaee under euch policy payable to ~6e Mnrt6agee aa its intereet may appear. In the event any eum or sume of money becomc payable thereunder the MorigaRee ahall he~•e the option to rcceive and apply the Eame on account o( the indebtedneas hereby secured, or to permit the ~iortRe~os to recei~•e and uee it, or any part thereof, without thereby wai~in6 or impairinE ~ny equity,:lien; or ri6ht under and by virtue ot thie mortgaRe. In c~•cnt of loea or phyei~al damage to the mortEa6ed property the Morigagor ehall ~ve imme• diale notice lhereof by mail to thc liort6a6ee and the Mort6a~ee may makc proof of loss if Ihe damt is not made promptly by the BokY 1~36 J:~? ~ ~ i ' ~