CFN: 20200135504 BOOK 31836 PAGE 133 DATE'03/04/2020 09:23:02 AM MTG DOC 1,225.00 INTANGIBLE 700.00 HARVEY RUVIN, CLERK OF COURT, MIA-DADE CTY Prepared by and return to: Carlos A Mutioz Carlos A. Munoz, P.A. 10691 N Kendall Drive Suite 312 Miami, FL 33176 305-270-3337 File Number: 20-108CM Will Call No. _ Ispace Above This Line Far Recording Dat __ a THIS IS A BALLOON MORTGAGE AND THE FINAL PRINCIPAL PAYMENT OR THE PRINCIPAL BALANCE DUE UPON MATURITY. IS $350,000.00, TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE. MORTGAGE This Indenture, Made this February 19, 2020 by and between Kirk R Menendez, a married man whose address is 325 Malaga Ave., Coral Gables, FL. 33134, hereinafter called the Mortgagor. and Retail Merchandising Services, Inc. Whose address is 11600 SW 100 ST, Miami, FL 33176, hereinafler called the Mortgage: The tens "Montagu" and “Morgusssal eldd hes, ena epresenatves, succes egal eens an asi, and shal cette sngular end te pal andthe masaie an the fem and natura and afc peor, whenever and ‘reroer th coe adi or ee. ‘THE SUBIECT PROPERTY IS NOT AND WILL NOT BE THE HOMESTEAD OF THE MORTGAGOR, AND IS AND WILL NOT BE THE HOMESTEAD OF THE MOTGAGOR'S SPOUSE OR THE MORTGAGOR’S CHILDREN: AND THE PROPERTY IS NOT CONTIGUOUS TO THEIR HOMESTEAD WHICH IS LOCATED AT 325 Malaga Ave., Coral Gables, FL 33134, Witnesseth, that the said Mortgagor, for and in consideration of the aggregate sum named in the promissory note signed by Borrower and dated of even date herewith, according tothe terms specified below, does grant, bargain and sell to the said Mortgagee. his successors and assigns, in fee simple, the following described land, situate, lying and being in Miami-Dade County. Florida, to-wit: Lot 3, and the West 25 feet of Lot 4, in Block 36, of CORAL GABLES CRAFTS SECTION, according to the Plat thereof, as recorded in Plat Book 10, at Page 40, of the Public Records of Dade County, Florida. And the said Mortgagor does hereby fully warrant the title to said land, and will defend the same against the lawful claims ‘ofall persons whomsoever. Provided always, that if said Mortgagor. his suecessors or assigns, shall pay unto the said Mortgayee, his successors or assigns, and Morigagor shall perform. comply with and abide by each and every stipulation, agreement, condition and covenant of said promissory note and of this mortgage, and shall duly pay all taxes, all insurance premiums reasonably ‘required, all costs and expenses including reasonable attorneys fes that Morigagee may incur in collecting money secured by this mortgage. and also in enforcing this mortgage by suit or otherwise, then this mortgage and the estate hereby created shall cease and be null and void Mortgagor hereby covenants and agrees 1. To pay the principal and interest and other sums of money payable by virtue of said promissory note and this mortgage, or either, promptly on the days respectively the same severally come due. The Note states that the Borrower owes, tivats AVAL DoubleTime®CFN: 20200135504 BOOK 31836 PAGE 134 Lender Three Hundred Fifty Thousand and 00/100 Dollars (U.S.$380,000.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not fate than March 1, 2025. 2. Tokeep the buildings now or hereafter on the land insured for fire and extended coverage in a sum at least equal to the amount owed on the above described promissory note, and name the Mortgagee as loss payees, and o furnish Mortgage ‘with a copy ofall current policies. If Mortgagor does not provide Mortgage with copies of the policies showing Mortgage as loss payees ater [4 days written demand by Mortgages, then Mortgage may purchase such insurance and shall add any payments made for such policy to the principal balance owed on the mortgage, and such payments shall accruc interest at the maximum rate of interest allowed by law. In the event any sum of money becomes payable under such policy. Mortgage, his legal representatives or assigns, shall have the option to receive and apply the same on account of the indebtedness hereby secured or to permit Mortzagor to receive and use it or any part thereof for repair or replacement, without hereby waiving oF impairing any equity. lien or right under or by virtue of this mortgage. In the event of Loss Mortgagor shall give immediate notice to Mortgagee. 1 To permit, commit of suffer no waste, impairment or deterioration of the property, or any part thereof. 1 Topermit no other lien or mortgage to be placed ahead of this mortgage. 1 Mortgagor shall provide proof of payment of annual realestate taxes by March 15, forthe preceding years taxes. In the event that Mortgagor does not pay the taxes by such date, the Mortgage may pay the taxes and the full amount of such payment by Morigagee shall be added to the principal balance owed on the morigage, and shall accrue interest atthe ‘maximum rate allowed by law. 1 Commencing 90 days after the commencement the monthly payments due under this mortgage, and every 90 days. thereafter, Mortgagor shall provide proof of payment of all outstanding condominium fees and assessments for the preceding 90 days. In the event that Mortgagor does not pay the condominium fees and assessments by such date, the ‘Mortgagee may pay the condominium fees and assessments and the full amount of such payment by Mortgagee shall be added to the principal balance «ved on the mortgage, and shall accrue interest a the maximum rate allowed by law. |The Mortgagee may, at any time pending a suit upon this mortgage, apply to the court having jurisdiction thereof for the appointment of a receiver, and such court shall forthwith appoint a receiver, and such receiver shall have all the broad and effective Functions and powers ia anywise entrusted by a court to a receiver, and such appointment shall be made by such court as an admitted equity and a matter of absolute right to said Mortgagee. The rents, profits, income, issues, and revenues shall be applied by such receiver according tothe lien ofthis mortgage. 1 If any ofthe sums of money due and owing to Morteagee under the terms of the promissory note and this mortgage, including but net limiced to any advance made by Mortgagee forthe payment of insurance or taxes, are not paid within 15 days after the same bocome due and payable, or if each af the stipulations, agreements. conditions and covenants of the promissory note and this mortgage, o either, are not fully performed or complied with the aggregate sum owed on the promissory note shall become due and payable forthwith or thereafter atthe option of Mortgagec, his successors, legal representatives, or assigns. This mortgage and the note hereby secured shall be construed and enforced according to the laws of the State of Flora, ‘The principal sum secured hereby, along with any interest (o be paid in accordance with the terms of the note secured thereby, shall immediately become due and payable without notice, if transfer of ttle tothe premises by sale or otherwise is ‘made without the Mortgagee’s written consent, while this mortgage remains alien thereon, at the option of Mortzazee. his successors, legal representatives oF assigns. Executed at Miami-Dade County, Florida on the date written above. sas KRM ‘DoubieTime™CFN: 20200135504 BOOK 31836 PAGE 135 Signed, sealed and delivered in the presence of: THIS IS A BALLOON MORTGAGE AND THE FINAL PRINCIPAL PAYMENT OR THE PRINCIPAL BALANCE DUE UPON MATURITY IS_ $350,000.00, TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE. UNDER THE TERMS OF THIS MORTGAGE, (Seal) State of Florida County of Miami-Dade ‘The foregoing instrument was acknowledged before me by means of [X] physical presence or [_] online notarization, this [9th day of February, 2020 by Kirk R Menendez, who [_]is personally khown oF [X] has produced a driver's license as identicaton hy Notary Seal ; TostrTowore Dat BESS sexy rie Sate of Fecca "Coho S00 SP wy Cease ton Printed Name eae ie eels My Commission Expires: Finda sogge- Pag} na DoubleTimet