HomeMy WebLinkAbout0630 PROVIUED, AI.WAYS, that iI the Mortaagor ~hxlt pay unta the Mort~a~er ihe indcbtednet+e ~~videnccd by a
certnin promi~eory note of which the Followina ia words and figuree ie a tru~ copy to-wit:
A~~~
3~225.~
; Miami, Florida ~y 1'~ ~ 19 ~s
FOR VALUE RECEIVED Y~* Join~tl~r ~d i~1rl~c'ally promisetopay
to the order of ~
i~~? RAY ;:~~I,T'ri ~ar~d t.T i. T,::;; Yr _~j~ h1~ Zsi3,Y~
the principal sum of ~OU~~~• ~a A~H$D~T1~f$~Y-FZV~~LLARS, tc~ether with interest
~ thereon from date at the race of ten ~>ercent. per annum until maturity, both principal and incerest being payable in
lawful money of the United Stat~es at '~O~i Roper Building, Miami, Florida, or at such other place as the holden hereof may
designate in writing. Principal anc~ interest payable in installments as follows:
~i:tyr (~60.OQ) D~i3.ars per ~soat2s, D~ginni~s.g ost the
~ 1" th day of Jui~. 1yG5. end eontir~uina oa th~ 15~h
f day of o~ah as~r3 err~ry reoath th~rsa~trr unS~.l pwid
~ in fr:;1. ,
"I~his no[e n?~iy !~e ~>repai~t in ~~~hole ur in ~~art after une year lrc~ui the date hereof uExm ~~aynient of a E~enalty
eyuiv:slent to twu E>errent ot the principal sum E~repaid.
~ Each installmene payment shall be credited first on the incerest due, and the remainder on ~rincipal; and interest
I shall thereupon cease upon the principal so credited.
~ The makcrs and endorsers of this note furthtr agree to waive demand, notice of non-payment and protest, and
in che event suit shall be broughc for the colleccion hereof, or ehe same has to be collected upon demand oE an attorney,
co pay reasonable attorney's fees for making such collection.
Deferred payments hereunder shall bPar interest ac the rate of ten percent. per annum from maturicy until paid. !
This note is secured by a mortgage of even date herewith and is to be construed and enEorced according to the laws (
oE the State of Florida; upon defaulc in the paymenc 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 pay~ble. ~
~ ~'.1~::~1L.:.Ji.~ iJ~~aLili.i (SL.AL'
_ :.~.~.LZII 11'i 1~
_ (SEAL)
~
and shall perfurm, comply with and abide by each and evuy ihe stipulatione, a~reemente, conditiona wd covenante of
elid promis~,.~r~• note and of thie dr,ed, then this dec~i and tht eetate thereby cr~ated ehall ceai+e and be ~ull and void.
1. "!'he Mortgagor hereby covenanta and agreee:
(a) To pay al! ~nd einsular the principal :nd intereat anJ other euma ot mo~y p.yablc hy ~inuc o! eaid promieaory nutc and thie
deed, ur either, prompdr oo the d~ye rdpeetively the same ~evrroll7 beeomra due.
(L) To perneit, commit or ~u~er no M~ate and to myintain tbe improvemenu at all tima in • et~te of auod rtpair aad coadition; ared
to do or permit tu kx dooe to aaid premista nothipE thtt will sltcr or ebanEt thc aee sed chazaeter of said property or in an7 wa}'
i~nprir or wcaken ihe eeeurity o( thie mottEa6e. And in ca~e of the refueal, ue~leet er inrbility of t6t i~ort~a6or to ecgrir and mainai~ '
said proEurty, the Mortsa6ee oea~, ~t his option, maice sucb repare or ca~e tbe esme ta be made, aqd aaranee moneTo in tLst bt6alf.
ic1 7'o pay all and ein~ulor the trxa, aseessmenta, levie~, lisbilitica. and obli~auooe ot e~er7 aatun oo ~aid 3eseribed preperty each
and every when due end paya6le accordin6 to Lw, before ther beeomc delinquent, aad to .deliver to t6e MortgaRet on or be(ore March
lSth uf each year tu rcee~pte e~~ieienciuR the payment ot alt lawfuliy ~mposed taxes fo~ thc preeedio6 crlersdar ycar; tu intieruniiy u,r
~IurtRaRee upon hi~ dcmaed for all tixes, asaeasnunts aod cbar6ea that may be aasesscd upon thea ~tortgs6e on the indebtedncee eecurcd
hrreby, and paid by t}te mortKa~ax, without reaard to sny I~w btretofore ena~ted or her~after to bt ena~tcd impoeiaR p~7ment of the
rvhoie ur sny part thereof upon the MortR~g~t.
1 d) 1'o pay all and einguiar the coete, cher6es and e:penees, ineludinE lawyere' ftra and ¦batrsct co~ta reasonahly incurrtd or psid •t
sny time by the Mort~aKec because of the f~ilure om the p~rt ot th~ ~iortptaFor to pecfonn, coniply with and abidt by tach Ynd every
tht atipulations, •Rreementa, conditione and to~'en~nte of said promissor7 note •nd tliis dted, or rither, and every sueL pay~nent ehall
hear interest from date at the rate af ten per ceat~m per annixm.
(e} It ie further covenante~3 •nd aEreed by wid partiee tl~at in tht event of ¦ Euit beinF inetituted to forcclost thie mortRr6e, tht riort-
Fagee ahall bc entided to applp at any time pendiua evch foreelwurt anit to tut couri havin~ jurisdictioo e6ee~f for ~~;e ap~wintment
of a receivtr o( aU and sin6nelar the mort~5aged properiy, and uf all renu, incomd, pro&te, iseues tdd cevenus~ 3bereaf, om wLatroever
!SOUifP. drrived; and t6ereupon it ie hcreby exprnely eov~eunted aed ~grerd that the Coort e6all forthwith ~ppoint ettch receiver with
thc ueuat powere and dutiea ot rerrivera in like casd; •nd s~id appointmeat sh«ll be made by ct,e canrt ae a mauer of etrict ri~t to
the MortRaRee, and withe~t reterci~ce to the adequacy or inede~tatY of ehe value of the properiy herrby mortFa6ed, or to tbe eolvency
ur ineolvency oi the MnrtgaRors or any nther party deitndant to 6Uff1 euit. The .l~lort6a~or berrby epeciStally waivee the ri~ht ta
object to the appointment of a re~ei~•~r as a(oresaid rnd herebp ocpressiy consent~ tixat ench appoiretment e6all kx made as •n rdmilted
ryuity •ncl as a inatier ui al~n~Iutr riy,hi tu ~he '~4ortgagee sad thli thc Eatne ~ctiay ~~Inne wi~hous nuiire tu Ri~c 1~1ort~+gur.
(f ) If foreciuec~re procredinxs ehould be inetituted sReios! tbe propeCy covered by Ehie mangaFe apon any othtr lieq or claim whether
alle~ed to he superior or junior to thc lien ut thie mort~Cage, the !~1ortR~Fee may at hiF option immedi~tely uprsn in~tih~tiory of such
auit vr durinF the pendenry thereof declare thiF mortRa6t anJ tbe ir.drliSednrss ~eeured hereby due ane3 paysble forthwith aod may~ at
ita optiun proceed ro forc~luee this inortFaKe.
f~ ~ That the iluri~n~or wil! keep all ~eal md peraon~l properlty n~K~ or herrafter encumbered by the li<~n of thi~ mort~[aEe insvred
i
' a~ n~ay he rcquired frort~ ti~i~c to tiinz i~y the ?l~or!E,aget •,~ainat losa by fire, windetorrn rnd oth~rr hriards, casueltiee and contin~rnciee
for such peri~ds and (or not I~eB than such amountr aa may be required by the Mort~agee and to pay promptly whrn due ali preiniuma
ior eur{~ insurance. The arnounta of i~aiirance reyuired b7 tha Mortgagee eh~l! t,e the minimum amounte for which aaid insurarecr si~all
l,e~ rvritten and it ahaii be incumbent upan the ?V[ortFaEor to mai~auin eaeh rdditinnal inevranee ae may bt nereeeary tu meet and conipi,y
lully with a:l co-inaunnce r~quircm~nts coolained in aaid polieiea to the end that the wid '.Hoet~.a~ur ie not a cainsuror th~reunder.
Ineurance shalt ht writteo by a company e~ eompaniee approved or dtsidrmted by the MortRaRer_ ~nd a? policias and renewy[E thercoE
sl~ell t,e hetJ b~~ ~he MortFa~e~. All deUiled deai~n~tiona by ~he MortFa6or which are eccepted bp tFe Mort6abee and all aRreen~ent~
b~tween MortRa~ur and MortFazce relatinK to iiuunnca, now e:ietinF or he~eaEter mad~, nhall be in writinR and ehall be a part of thie
u
m~rtEage sKreecne»t ae Fully ae thou~h xet forth v~rbalim herein and ehall ~overn both parties hertto and their Bucce~or6 anJ azwiRnF.
\n lien upon sny o! Faid policiea uf ineurance or upan an~ refund or r~turn premium which msy be payable on t}xe tanc~llation or
t~~rmination th~reof, shall br Fir•en to other than the 14ionga6ee, e:cept by proper endorsrmrnt effixed ta suc6 polity and approved Lq
~1urtRa6ee. F:ach policy of ir~uronee ehall hsxe affixed therete ~ titandard New York Mort6a~ee Cleux withoat Coneributio~, mekit~,~
all IoFe or loeaea under euch poli~y payable to t6e MortFagee aa ita interesi rnay ap~ar. In ti~e ev~nt anp eum or eume vf enoney beromc
p~yal~lc therrunder thc MortgaKre ehsll huvt the optiun to rccei~+e and ~pply the Ryme on a~rount of thr indebtedneae }sereby Rec~rr~i,
ur tn permit the MortRaKor to receice mnd uee it, or any part thueef, withoat th~rrby waivinX or iropairinK any eqnity, lieo; or right
un~ler and by virtae of thie mortFaR~. In ev~nt of loes nr phy~i~'al datuaFe to the mort~raF~d proprr9y the Mortp,agor ehall ?,tiv~ imrrtf-
+liatr nnti~t thtreoF by mail to the Mart/,a~ee and tht MortEaFet may iT13I[P, proof of loae if the t~amt ie uot ~nrde prompNp hy ~he
~~p~ ~19 ~8