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Home My WebLink About2072 t~ , ' . ~ PROVIDED, ALVPAYS, that if the Mortgagor ehall pay unto the ~1~ortgagce ihe indebtednet~s evidcnccd Ly a ceriain pxomieaorv note of tvhich '~he followinR in words And fi~;uree is a true copy io•wit: ~ 1~ - _ I~ ~ ~ _ ; - ~ ~ ~t~lc~~aqs /Vot~ - - ~ ~ ~ . • da~aury gart, t9 ~ ` ~ ,~~Q,QQ Miami, Florida FOR VALUE RECEIVED Y~ ~~1,~? ~ i~T~ll,~? promise to pay to the order oE C' the principal sum of S~Q ~ lOLI" • • • • ° • " • • • "_DOLLARS, together with interest thcrcon from clate at the rate of ten percent. per annum until ~~aturity, both principal and interest being payable in ~ lawful money oE tl~e United States at 20~ Roper IIuilding, 1liiami, Florida, or at such other place as the holders hereof may ; designate in writing. Yrincipal and interest payable in installments as follows: ?it~ ~5~0.0~0) DOl~r~ ~ t~oi13~ 1i,~isrl~ri 01~ ~t ls~ ~yr v~t Ms~k~ l~i~ +~d oow0itu~i~ cx~ ii~ 1~~ d+qr ot ~aai atr~ rss~ ~lbss«?fi~r ~rtil psid ~ i~ !'rll. ~ "1'tiis note n~ay I~e ~~repaict i? ~~~hole or in part .?Cter ~~ne year trc~m the clate hereof upo~i payment ot a E~enalty ~ eyuivaient to two percc:it o[ the principal suni prepaid. ~ ~ Each installment payment shall be credited first on the interest due, and che remainder on principal; and interest ~ shall thereupon cease upon the principal so credited. The makers and endorsers of this note further agree to waive demand, notice of non-payment and protest, and ; in the event ~uit shall be brought for the collection hereof, or the same has to be collected upon demand of an attorney, ~ to pay reasonable attorney's fees for making such collection. ~ Deferred paynients hereunder shall bPar interest at the rate of ten percent. 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 ' L_ s of che Stace oi riorida; upon deiaui~ in ~ne paymeni oi principai andjor inieresi wite~~ uu~, ii?c wi?vlc SUiTi v. ~,a,itii~3n ~ ancl incerest remaining unpaid shall, at the option of the holders, become immediately due and payable. BILLY E. SPAt~GI,ER_ ~ (sEA~.) ~ BETTY JANE SPANGI,~ER ' ~sE~.) ~ ~ ~ ~ ~ and ehall perform, comply with ana~ abide by eaeh and every the eiipulatione, agreemente, conditione and covenanta of eaid ~romi6sory note and of thi~ deed, then thie deed and the eetate thereby created ehall cease and be null and void. 1. . The Martgagor hereby covenanta and agreea: (a) To pay ~ll and sinauLr ihe principal and intere~t and othet ~nm~ of money payable by ~•irtue of eaid promieaory nute and thia deed, or either, prompdy on tht day~ rcapectively tbe eau?e ~tverall~ betoruea duc. (b) To permit, commit or ~uHer no waete and to meintaln ihe impro~tmen4 at all timea in • et~te af 6ood repair and conditian; ~nd to do or permit to be done to daid premirrs nothin6 that ~rill dter or chan;e the n~e aad ehaneter of eaid propert~ or io any way i impair or weaken the security of thie mort6,a6e. And in cue of the refueal, ne6leet or inabilit~ of the A~ott6aaor to rep~ir snd m~intaia i aaid propcrty~ the Mort6a6ee ~ay, ~t hii option, m~ke sucb rep~in or canse t6e ~ame to be made, and advance mocieys in that bchalf. ~ ~ (e) To pay all and •ingule~ thc t~xca, aaa~anmenta, lev-iee, li~bilitiea, and obligotione oi ever~ nstwe on said dtaeribed preperty eaeh i and every when due and payable ¦ccordins to law, be[ore they become Jelinquent, and to ~deliver to the Mort6a6ee ou or beiore March ; lSth o( eaeh rur tu receipte evidencing tbe psyment of d! law{ull~ impoeed taxea [or the preudin6 talendar year; to indemnify the ( Mort6agee upon hia dem~nd for all taxea, naseasmente aad ehar6ee that m~y be aaseieed upon thi~ mortga6e on the indebtedneae aecurcd hereby, aad psid by the moriaeRee, wi~hout regard to •nq law heretotore enacted or hereafter to be enacted iwpoainE papment of the whole or any part thcreof upon thc Mortaagte. (d) To p~y all and ~i4aular the co~ta, cheraee and ezpenics, indudin6 lawpen' feta and rbstr+ici eosta reaaonably incurred or paid ~t ! f ¦n~ time by the Mort6agee because of the failure on the part of the hlort6a6or to perform, comply with and abide by esch ~nd every ; the ~tipulntions, a6reementa, conditions •nd eo~cnanta ot eaid proroiaeor~ note and this deed, or either, and every eueh pay~nent ehalt ~ beer intereit from date at the nte of ten per centum per annum. (e) It ie further eovenanted and agretd by said partie• thet ie tbe event of a snit beio6 inatituted to farecloee this mortaa6e, the Mort- ~~6ee ahall be entitled to applq at ~ny timc pendin6 snch foreeloeure sitit ta t6e tonrt havin6 jurisdietion e.bereo( fo~ the ipj/OIO~tOI o! a reeeiver o( all and sinanlar the mortSa6ed propcny, and of all renU~ incana, profits. iesua and revenue,t thereof, from whauoever source derived; and thereupon it ie hereby exprcaely eoverunted ~nd a~d tLet tbe Court el~ali forthwitL oppoint ench rcce'sver with the uaual powara and dutia of receivers in like ea~d; end sai~ ~ppointment ahfll be made b~ the eourt u a mancr of etrict rib6t to the Mort~6ee~ and without rcference to ~he adequscy or inadeqaaey o( the value of t~e properiq 6ertby mortga6td, or to lht eolvency ~ or ineolvency of the Mortga6orc or anq other pany defendant to euch 6uit. The Mort~aor he~ebr epee~fi~alty wrivea the right to ~ object to the agpointment of s recei~er ae aforeaaid ~nd bereby acpreasly eonaents that eoch appointment e6a11 be made ae ~n admiued ~ equitq ~nd aa a mitter of absolute ri~ht to the Mortsa6ee and tbwt the eQme map bt dont without notiee to ihe Mort~6or. ~ (t) II (orcclo~ure proceedinEs ahould be inetituted a~ainat thep~ operty covcred 6y thia mortg:6e npon ~uy other lien or cleim whethtr ~ alleaed to he superior or junior to tht lien of tfiie mort6s6e, the biort6a6ce m~y at his option iromediately upon inetitution of euch ; euit or durina the pendency thereot declare this mort6sie and the indebtednesa oecured bereby due and payable forthwith and msy at f 4 its option proceed to (orecloet thie ~uort6aRe_ ; ~ (6) That the Mort6a6or will keep all real and penooa! properiy now or herrafter encumbered by the lien of thie mort~a6e inaured aa m~y be required from time to tiuie by the Mort6a6et a~tinat loei by &re, windaiorrn and other hasards, easualtiea and contin6eocies for euch periods and for not lees than eueh ~mounu as ma~ be reqaired b7 the Mort6agee and to pa7 promptly when due ali premiume ~ for ~ueh in~urance. The amounls of iruuranee reqnircd b~ tbe Mort6eEee ~hall be the minimum tmounte for which eaid insurance ehall be wrilten aad it a6a11 be incumbent upon the Mort6asor to saainuin eneh ~dditional inanranee ae may be neccaaary to mect und comply fullq with all co-inaarant~e rtqnirementa cootaintd ta M[d polities to the ead' tbtt the asid MortEa6or ia not a co-inanror thereunder. In~uranee ahalr be writttn by a tompanp or compmies sp~roved or deei6nated by t6e Mort~agee and all policiea ind renewola thereo( ehall be held by the Mort6a6ee. All detailed dai6aatioo~ b~ tlae Mort6a6or which are aece~ted by the Mon6a6ee ~nd all a6revuente between Mort6agor and Aiort6aaee relatin6 to inuraaee, now exieting or hereafter madc, ehall be in writin6 snd ehall be a part of thie mort6a6e a6rcement ~a tully aa thou~L ~et forth verbatim herein snd ehall 6overn both parties hereto and their sncceaaors and aeei6ne. No lien upon aar of eaid policia of inauranee or upon au~ refund or return premium which may be poysble on the eancella~ion or ~ termination thereof, sh+~ll be 6iven to other than the Mort6a6eq e:cept by~ proper endoreemont a!~'ixed to euc6 policy and approved b7 ( btortga6ee. Each poliey ot inaurance shall hue aflS:ed thereto a Standard New York Mort~a6ee Cl~use withont Contribution, makin6 ~ ~I1 lose or loeses nnder euch policy payable to the Mortaa~ee aa its intereat may appear. In the event any enm or enms of ~noney becomc payable thereunder the Mortge~ee ehall ha~e the option to receive end apply the eame on account of the indebtedneaa hereby eccured, ~ or to permit the Mort6aaor to reteive and use it, or any part thereof, without thereby wai~in6 or imp;iring ~•oy eqnity, lien~ or ri6ht under and by virtue of thie mort6aRe. In event ot loas or phyaical dema6e to the mortRe6ed properij tbe MortRago~ ehall g~ve imme- diate notice thereof by m~il to thc Mortga6ee ind the Mort6e6ee may make proof of loes iE Ihe same is not made promptly by the ~ ? BODK . zss ~ . , - .