HomeMy WebLinkAbout2133 PROVIDEll, AGWAYS, that if the Mortgagor shall pay unto the ~tortgagcje the inilebteduee~ evideneed by a
certain promiasory noto of which the following in word4 A~id figurea is a true cop}' tu•wit:
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~a~,a~Q-.~---- Miami. Florida 1~~
FOR VALUE RECEIVED ~'~s ,~Oj.Atra.y AiZ~ a6'S'~~'8~]~ promisetopay
(U I~le Ol'(~CT OE__ 1 il.~ l~l .,'1 i]I'li• i i i'.C~ !l~~1 .ti,~.~ ~ t~~..tl~lralt / Z11 ~11~1 Ei ~
tt~e ~~rincipal sum o DOLLARS, together with interest
thereon from elate at the rate of ten percent. per annum until maturity. both principal and interest being payable in
lawful money of the United States at ~0~ Roper Building, Miami, Florida, or at such other place as the holders hereof may
ciesignate in writing. Priricipal and interest payable in installments as follows:
T~orty ( i4Q. t?0~ Dolla~w per aan~h ~or ~h3rt~r-Si~ { 35 )
~osaee~~iv~ ~ii?a~ an 4~~ 1 S~ de~ of ~aoh ~t s~rsry
~an~h, ~er~i~~ on ~e 15~ dqf ot l~arvh, 1966, an~
c~tianf~ un~ t~~ t S~kh !t o~ Bebr~r,,, 19~9, a~
~~~b tiaf iih: bal~aoe sb~ beooaar d~e a~d pa~ab].e.
"I'his note ~nay be E>re~>aicl in ~~•he,le or in p.u-t aCter ~~ne }~e:n' frc,m the clate herec~f u~~on ~~.i~~n~ent o[ a penalty
ec~uivalent to t~~•o perrent c~l the principal suin ~~re~~aid.
Each installment payment shall be credited first on the interest due, and the remainder on E~rincipal; and interest
shall thereupon cease upon the principal so creclited.
The makers and endorsers of this note Eurther agree to waive demand, notice of non-~~ayment and protest, and
in the event suit shall be brought for the rolle~tion hereof, or the same has to be collected upoi~ 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 Irom maturity until paid.
This note is secured by a mortgage of even date herewith and is to be construed and enforced according to ttie laws
of ct~e State of Florida; upon default in the payment of principal and/or interest when due, the whole sum of principal
and interest remaining uapaid shall, at the option of the holders, become immediately due and payable.
V~Rtl:~L BQ' (SEAL)
DOitO'I'HY L . I301,(r; (SEAL)
~ and shall per[orm, comp[y with and abide by each and every the etipulations, agreementa, condiliong and covenants of
said promissory note and of thie deed, then thie der~d and the ee4ate thereby created ehall cease ~nd be null and void.
1. The Mortgagor hereby covenante and agreea:
(a) To pay ell and tin6ular the principal and intere~t ~nd otha •um• of money payable by cirtue o[ eaid promienory nole and thie
deed, or either, promptly on lhe day~ respectively the same sevecally becomea due.
(b) To permit, commit or euHer no n•aste and to meintain the improvementa rt all umea in ¦ etate o( 6uod repair and condition; and
to do or permit to be done to eaid premieee nothia6 that ~vi11 alter or chan6e the nne and ~haraeter of said propert~ or in aoy way
impoir or wealcen the steurity of thie mortEa6e. And in ca~e o[ the refusal, ue6leet or inabilit~ of the Mortgaaor to repair and maintain
eaid property, th~ biortsa6ce m~y, at hie option, make ~uch repaira or cauee thc sune to be made, and advaaee woneys in tbat b~half.
(c) To pay all and ~insuler the texea, aaeesamcnte, levics, li~bilitiea, and obli6atione of every nature on eaid d4aeribed property uch
and every when due end payable •ccordin6 to l~w, before th^y become delinquent, and to ,dtliver to the Mortgagee on or before March
lSih of each year t~: receipte evidencin6 the payment ot d! law[ullr impoeed taxte (or the preetdin6 cslendar yoar; to indemaify the
~iortgagee u~on hi~ demand for all taz~a, aaseaemente :nd cLar6ee thot m~y be asseased upon this mort~ge on the indebtedneee eecured
hereby, and peid by the moriRageq without re~rd to any law heretofore enaeted or here~Pter to be enacted impoain6 paymeat of the =
I whole or any psrt ihcreof upon thc ;liortgegee. .
(d) To psy all nnd eingular the coets, ~her6ea aad expeneea, indudin6 lawyera' (eea and ab6tract coeta reasonablp incurred or paid at
any time by the Mortbagee becauae of the foilure on the part of the ~~ortgagor to ptrfonn, coniply with tnd abide by each ond every
t6e etipulationa, sareementa, conclitions and co~-enante o[ eaid promiesory note and thie deed, or either, and every eueh payinent ehali
bear intereet from date at the rate of ten per centum per annum_
(e) It ie further covenented and aEreed by taid p~rtiea that ia the event of a Euit bein6 instituted to (oredost this mortga6e, the Mort•
aaaee ehqil bt entitled to apply at rny time pendiu6 ~ueh foreclwure snit to the court hsrina juriadiction ehereof [or the sgpoiotment
of a rcceiver of all and ain6ular thc mort~6ed property, ~nd of all rcnte, incomu~ profiu, ieaura and reveaues thereof, f~om whatsoever
aource derived; ead thereupon it ia hereby expreaaty eovenanttd and agreed that the Court shall forthwith apgoint enth receiver with
the wuel powere ¦nd dutiea of receivers in like cae~s; and aid ~ppointment shsll be made by the covrt as • matter of atrict right to
the Mortga~ee. and without referrnce to the adequacy or inadeqwey o[ the value of ihe property hereby mortEa6ed, or to ~he eolvency
or ineoh•ency of the Mortgagors or any oiher party defendant to euch suit. T'he Mortgagor hereby speci&cally waivu the right to
object to the appointment o[ a recei~•er ae aforeaaid and hereby apreeely consents that enth appointment ehall be made ns an admitted
equity snd ae a m~tter of absolute right to the Mort6aRee and th~t the samc m~~ be done without notice to the Mon6a6or. _
(t) If (orecloiure proceedinEa should be inetituted a~a[nat thep~ operty covered by thie mortga6e apon any other lien or claim whether '
alleaed to be auperior or junior to the lien of thie mort6aae, the Mort6a6ee n~ap at hi6 option immediately upon i~etitution oi euch
aaic or dueing the pendency thereof declart this mort6a6t and tbe indeLtednesa stcured hereby due and payable forthwith and may at
itt option proceed to iorecloee this mort6s~e.
(6) Thet the bfortEaSor will 6eep all real and pereon~l property now or herca(ter tncuinbered by the lien of this mort6aEe inaured
aa may be reyuired (rom time to ti?ne by the Mort6e6e~e •aainat loee by 6re, windilorru and other hazards, casualtiee and contin6enciee
(or such perioda end for not leas than such amountr u m~y be ceqnired by the Mort6agee and to pay pron~pily wl~tn dne all premiums
for euch ineuranct. The amounts of inaarance required b~ tht Mottgegee Ehall be the minimum amounts for which said ineur~nce ehall
i be written and it ehall be incumbent upon the htort6agor to maintain aneb ¦dditional inenrance as ruay be neceaaary to meet end coniply
(ully with all cainaur~nce requirementa contained in said polieits to tht end that the said Mortga6or i~ not ~ co-ineuror thereunder.
Ineurance ahalr be writtea by e company or comp~niea approved or daisnated by the Mortaaget und all Polieiea and renewala ihereof
ehall be held by the hiortgabee. Ail deuiled deai6nationr b~ the Mori6a6or whic6 are accepted bq the Mort~gee and ~Il a6reeruente
between '~1ortEegor and Mort6agce rclatin6 to i~urante, now ex~tin6 or herea(ter made~ ehatl be in writina aad ehall be a part of thie
mortgap~e ¦greemenc as fully as thou6h set forth verbatim kerein and ehall 6overn boih partiee hercto ~nd their ~ncceaaors and aeaigna.
No lien upon any of eaid policiea o( inaurance or upon any re(and or return premium whieh msy be paqable on the cancellation or
termination thereof, ehall be given to other than the Mort6a6ec, ezcept by Proper endoreement ~f~zed to such policy and ~pproved by
btortgaaee. Each policy of inaurance ehall haxe aA9zed thereto ¦ Standard 1Vew York MorigeRee Clauee withont Coatribution, making
ell losa or loasea under euch poliey payable to the Mortaggee a~ ite int~reat may appear. In the e~ent any eum or eume of ~noney becomc
payable thereunder the MortgaRee ehell have the option to receive and apply ~he eame on account o( the indtbtedneas }.ereby e~cured,
or to permit the biort~aaor to recei~e and uae it, or any part thereof, without thereby wai~in6 or impairin6 any eqnity, lien~ or ri6ht
under and by virtue of thie mortRaRe. In e~•ent of loea or phyei~al damaRe to the mort~aaed property tht Mortga6or ehall R~ve immc•
di~te notice thereof 67 mail to the Mort6a6ee and the Mort6a~ee may make proof of lose ii the same ie not made pro~nptly by ibe
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