HomeMy WebLinkAbout0031 PROVIUEU. ALWAYS, that if the Mortgagor shall pay unto the Murtga~ce the indebte~lncE+a rv~~i~n~ed by a
ce.rtain pmmieaory note of whieh tha followinq in worda und figuree is a true copy io-wit:
~ Ma~ywqs /Yols
~.l _Il~'] _[10 Miami. Flori~l~ ~px 3~ 30 s 19 6.~.
FOR VALUE RECEIVED lde. ~elntl~ and sav~x~sllp, promisetopay
to ch~ order of_. ~ _ ~t~3A s« L.~".'rv~ ~ ~ ~ ~ ~ ~ ~
the principal surn of OIdL 'i11~UaANL+ k~l~ili;' :llil~ll,t~:L s~~i._~/'l~QllOLLARS, togtther with interest
chereon from ~date ac che rate of ten percent. per annum until maturity, both principal and interest being payable in
lawful money of the United States at 203 Roper Building. Miami, Florida, or at such othtr place as the holders herrof rnay
daignate in wricing. Principal and inttrtst payablt in installments as follows:
s fyax~ty (;:4(3.00) i~11~s~s pe.• montti b~~innin~; oi7 tlie 15th day
~ of .l~.uie, 1~6~, and continuin~ ori ttie 15th da~,r oi' Qach and '
~ ~ every niouth t2~e reaf'ter unti.l paici i.ii full.
~
( "['his note mxy be prepai<1 in whole or in parc aCter c»ie year froin the ~l~,te hereof ui,on ~~ayiuent of a penalty
~ equivalent to two ~rce»t o[ the principal sun? prepaid.
Each inseallmer~t payment shall be credited first on the interest due, and the remainder on principal; and interest
shall thereupon cease upon the princ~pal so tredited.
The makers and endorsers o[ this ne?te further agrte to waive dtmand, notice of non•paymenc and protest, and
in che ev~nt cuit shall be brought for the collection hexeoE, or the same has to be collected upon dernand of an actorney,
' co pay reasonable actorney's fees for making such collection.
DeEerred payntents hereunder shall bear interest at the rate of ten percenc. pFr annum from maturity until paid.
This note is secured by a mortgage oE evtn date herewith and is to be construed and enforced according to the laws
of che State of Florida; upon default in the payment of principal and/or interest when due, the whole sum af principal
and interest remaining unpaid shall, at the option of the holders, become immediately due and payable.
~U~i~,.i; t.l`.i"1~=~.L~ (SEAL)
L~LLZ:ti.i:~ i'.. itj`iv±ily;
(SEAL)
and ahall perform, comply with and abide by each aad every the stipulatione, a6reementa, conditions and covenants of
eaid promissocy note and of thie dr.ed, then thie deed and the tetote thereby crrated shall c.esat and be nnll and void.
1. The Mortgagox hereby covenantr and aareea:
(al To pay all ~nd sin6ular tbe ~xincip~l and iussrat and othe?' ~unu ot muae~ pay~ble by cirtue o( wid promiuory note and thie
deed, ar either, promptly oa the d~y~ rupectivety the same ~everally beconiea due.
(b) To pertnit, commit or ~u~er no wa~te and to msiat~in tLe improvemen4 it all Umd io ~ sute o( 6uod repair u~d condition; •nd
to do or pern?it to be donc to s~id premiees nothin tlut will dter or clwn6e tltie use md eFtrncttr of eaid property or in any r+ay
impair or weakea the aecnrity of thie morl~a6e. 4re~ ia caie of the refusal, ne6lecl or iwbilit~ of ibe Mertsaaor to rep~ir ~nd mrintain
aaid property, the Mortp6ee a~y, at 6ia option, make rneL repare or u~se tbe w~ne to be made, apd sdvanee mon~7s io tLat behelf.
( e) To pay all and ~inEular ehe taxcs, ae~es~rueats, itvicy, li~b?litiea, and obliptions of every rutare on qid destribtd property e,~ch
and every when duc and parable aceordia6 to iaw, before they become deliaquent, aad to .deliver to the Mort~ra6ee aa or before Mrrch
15th of each rear ~•x receipu evidencina tbe Par~enc o( ~11 lawfull~ impo~ed taxes for tht prece.diaa twlendar ye~r; ta indemnify thr
4 !Hort6~6ee upon hi~ demand for all taxee, aeueaanrnta and ehar6e~ that may be escca•ed upon this raort6a6e on t6e indebtedneae eecured
f he~r.by, md paid by ihe mort~SaRee, without re6.+rd to any law heretofore enacted or hercafter to be enacted impwin~ pa~ment of t6e
! whole or rny part thereo( upon thc Mort6agee.
(d) To pay all ~nd tinaular tbe cosu, char6es ¦od espenrea, iodudia6 lawyers' fee~ and ~bstract cwte reasonab!? incurred or paid at
~ anr time by the Il~ortga6ce bccauu of the fti?ure on the part of the ~iort6a6oe to perform, eomply witL and abide by each and evtry
the ~tipulatiaos, •areementa, conditians and cov~-enn,iss a: r..-id proroi~eory note aad this deed, or eitLer, md ever f euc6 payraent ehsll
~ bcar interat from date at the nte of ttn per ceatum per annum.
[ (e) It ie iurther covenanted snd aEreed by ~aidpa rtiea tLat in tbe event of a suit beins iastituted to ioreclox thie morl~6e, t6r. Aiort-
! Ra6ee ~hall be entided to applr at aor time pendiu6 ~ach foreelavre sait to tbe conrt hivia6 jurisdiction ehercof for the appeiota?ent
of a receiver of all rnd ~in6ni~r the mort~a~ed property, aad of +rU rems, incam+~. pro6ts, irsua and rovtnna the~taf, f~om wiuuoever
~ eaurte derived; snd thereupon it is hcreby expreuly eovensnted snd aar~etd that the Court sball toril?witl~ appoiat aaeh receiver with
the uaual povren and dutiee of reee~vers in liice casa; ~nd s~id ~ppoint~ent e~ll be made by zhe tonrt ae a msttcr oi atrict ri6ht to
the Mort6asee, and without rcference to the ¦deqwcy or in~deqnaey of t6e v~lue of the propsrty htreby morr6a6ed, or to the eolvency
or inaolvenry af the MortgaRors or any other party defendant to eurh suit. The Mort~aKon c~reb7 speeifiwlly waivee tbe r+~t to
object to the sppnintme~t of a reeeiser ae aforesaid and hcreby a~prewly conxnta that ench eppointrotnt ehall be made ae ~n admitted
equity and aa a matter of absolutt riR}st to the MortpKee aud tLit the same may be done without notece to the Mortaagor.
(f) It forerlosure proceedings ahonld be inetituted •aain~t tbe property covued by tLia enort~a~e npon any other liea or clai?n whether
a1leRed to be suptrior or ju~~or to the lien of thie mart6aae, the MonRa6ce nny at hie option immedi~tely upan inetitution of euch
suit ur durin~ tha pendeney thereof dtclare this mort~aae and tbe indebtcdness secured hereby due snd pa~~ble forthwith and mey at
ite option pro~r,ed ta foreclox thi~ moctEaBe-
~ (R) That the 1~fort6aRur will keep ~tll real ¦nd personal property now or her~sfter encumbered by the lirn of thie mortRa6~ ineured
as may be rcyuired from time to ti~ne by the Mort6asee a~airut lose by 6re, vrindstorm and other htzards, casualtiee and continpcenciee
for sueh periode and for not iese tban suth amounts as ma~ be required by che Monaas« snd to pay pramptly when due all premiuma
for euch ineurance. The amounte of inaunnce rcqnirtd b~ t~e Mort~sgee ahall be tht minimum ~mouate for which eaid ineurance ehsll
be written and it shal! be ineumbent upop the Mort6a6or to maiotain ~uch addition~l ineuranct ae may be neceaw~ tn meet and comp{y
fully with all cainauranie requircmenu contained in wid policica to the eod tbat tlre aid Mort~a~or ie not ¦ co-inenror thereundcr.
Ineurance ehalt be writtcn b~ a eompaay or comp~nits ~pprove~d or desi~teted hy tht Mort~aee and a11 policiee and ttntwala thereof
eh~11 be held by the Mort6~see. All deuiled duiputions b) the Mortaa~or whic6 •re accepted b7 the Mort6aEee ~nd ~1! agrturxnte
betwecn MortRa6or ~nd Mort~agee rdatin6 to insnnixe, novr exirtin6 or here~fter msde, shall be in ~vritin6 and ehall be a pert of thie
moet~a6e a6reement is fnlly at~ t6ough eet forrh verbatim hnrMin ~nd ehali 6ovem both parties hereto •nd t6eir mccexeors snd seeip„ne.
tio lien upon ~ny of raidpo licies of ineurance or apon an7 reiund or return premium which may be psyable on tbe caaccllation or
te~mination thereof, sh~ll bt Fiven to ot6er than the Mort6a6e~ ezcept by proper endoreemrnt afSxed tu eucb policy and approved by
h
itortga6ee. Each policy o( ineur~nce eh~ll haze atfixed theroto ~ Stsndard New York Mortgasee Clauee withoat Cootribution, makin~
nll loae or loasea onder such policr payabl~ to the '.4lort~5aaee te ite intereet mw, «pp~ar. In the event any sum or snms of tnoney brcnn~r
pay~ble thereunder the Mort6aRee shall h~ve the option ta re~ceive snd apply tht same on ac~ount of the indtbte~}nese hereby eecar~d,
or to pttmit the Mort~6or to rcceive •nd we it, or ¦ny part thereof, withoat theroby wsivi?eR or imp~irina •n7 eqnity, ?ien; or ri~he
undcr and by virtne of thi~ mort~a~a In event oi loa oe phytical damaKe to the mort~a~ed propt.tty the Mongaaor ehall ~~ve imm~-
diate nutice thereof b~ mail to thc ~[art~agee snd the ~4fort6aRee m~y make proof ot lo~e if Ih~ eame is oot ~ede promptly by the
. ~~"~r ~.18 . ~9 .