HomeMy WebLinkAbout1002 !'HOV11)F:l), AI,WAIc`5, that if the 11~ortgagur ahall pay unto the Mort~agrc~ the indcbted~~e~ ~~vi~lct?ccd br a
•~•rtain promimwry note of which lhe following in wonie and 6~urc:a is a t~ue cupy to-wit:
/~~~Q9i ~0~ -
. S 1*(aS.p.OO Mi~mi, Florida ~r 21 • 19 65
FOR VALUE RECEIVED Y~. ~oiall~ ilqd- s~ryj['tll~ promisetopay
' ~:H.c'..K
to the order of__ : i i ~ -
che principal sum of t?~S 'AiO~tSAIrD. SIX HUNDI2~%D FIF''PT DOLLARS, togecher with interest
thereon from ciate at the rate of trt~ percent. per annum until maturity, both principal and interest being payable in ~
; lawful money of the United Statrs at ~03 Roper Building, Miami. F!orida, or at suc.h other place as che holders hereof may
' I designate in writing. Principal and interest payable in instaliments as follows:
i
~
~ ThirtT-~i~re ( i35 • 00 ) Dollars psr awal.b l~v~i~?ini ~
: oa sh• isth d,?' ot .ta1~, 19G5. .nd co~st~ o~ ~
> th• l3th ~da7 of ~ae~i aad w~~ry ¦~o~th ~.h~reattsr
~ vaLil gaid i~t tull, M
"I'his nute ~i?.ty be },rep.+i~l in ti~~hole or in E~art after <,r~e ye:?i trc,ni the date hereof uE~on pay~rient of a J~naltv !
eyui~~alent to [N"r~ ~~rcent ot the priucipal sum pre~~aid. ~
Each instaliment payment shall be credited first on the interest due, and the remainder on principal; and interest
shall thereupon cease upon the prinripal so credited.
The makers and endorsers of this note further agree to waive demand, notice of non-payment and p:otest, and
j in the event suit shali be brought for the cnllection hereof, ar che same has to be collected upon demand of an attorney,
E I co pay reasonable attorney's fees for making such collection.
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DeEerred payments hereunder shall bear intertst at the rate of ten percent. per annu~n from maturity unul pa:d.
This noce is secured by a mortgage of even date herewith and is to be conscrued and enforced according to thc la~s ~
of the State oE Florida; upon default in the payment of principal and/or interest when due, che whole sum af principal
cincl interest rernainrng unpaid shall, at the opeion of the holdtrs, become immediately due and payable. ~
~~~il~.;d ~='',,'1" ;J -C,'C,: (SEAL)
~ r, n i i -'t~ ~ (SEAL;
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~ ~nti shall perform, comply with and abide by eaeh and every the stipulatione, a~reemente, coaditione and covenante of
~aid promiaaor~• note and of thi~ dr.ed, then thia deed and the estaYe thereby created ehail ccaee and be null and voiii.
1. The Mortgagor hereby covenanta and s~greea:
f a) To pay all and ~in6ular t3ie prinei~al and iotcrut and other ~nn~~ oI ~op~y P.y.bit Ly ~ irtue af said prun+ie4n~y aate ~n:3 thie
deed, or eether, prompdr on the da~s rdpeetivelr tht same ~evera117 bccomee duc.
~ ib) To ptrmit, cammit or ~uQer no waete rad to mainttia tl~e unprovcmenb rt all timea io a eute of ~ved rrpsir and toaditien; and
; to do or pertnit w be done to ~aid premisea nothio6 that ~vill dter or t6an~e the nee an~i eharxtcr of taid propert7 ac in aug w9y
r impeir or weaken the security o( thie mortp,a~e. ~nd in eax of the rcfueal, oe~leet ar inahility of tbe :KoR~Eor to regsir rnd maiatsin
aaid propertr, the Mort~a6~e may, at 6is opiion, malce such repeire ar caust t6e saine to be made. and sdvsnre monepe in that hrehsti.
t c) To pay a? and sin6ular the uxes, asaeumente, levita, liabilities, and obligatiQne of e~•ery satnrt oa wid deeeritxd prepeny cach
and evcry when due end payable aceordin6 to law, be[ore tbey become delinqurnt, ~uud ta .de3iver to the Mort~a~ee on or befare March
lith of each y~ar taa rectipis evidtacin6 the paymeat o( all 4wdu11y iruyoted tazes for the preccdin6 ealendar gear; to in3trnaifr the
itort~r,aRee ugon his demrnd for .li taxee, aeaeasmenta and c6arses thot may bt eascssed upon ihie mortgtEe on tbe iadcbtedntaa ecccreJ
hereby, and paid by the mort~sKee, withant re~ard to any law berrtofore enacted or hererfter to be enacttd impoaia6 paament of the
whole or any part thercof upon thc :dtartsagee.
` ( d 1 To p~y •Il and sinquiar the costa, chatger ¦nd t:peneea, iadudin; lawyen' teca and abstr~ct costa r~asenably incurred ~r }iaid ¦t
any timt b~ the MortKagec becrua+e of the failure on ihe pact o( the ~1ort~agor tn ptrforin, toevp[y with rad abnde bg urb and cv~?y
the stipulstions, ~6reemeota, conditions ¦nd cotienanta of said promieaory notr and thia daed. or eit6t~, and every eucb Rayment sh~eit
bear intereet from dite at the ratr of ten per centum per snnum.
ie) It is (urther covenanted and aRreed by said psrtiea tbat in the event of a suit beinE inetituted tn Foreclose ti~ie mort~~ce, the ~fort-
~ta6er shail be entitied to apply at anr ti~ne pendiu~ soch foredosure snit to the rourt bavin~ jurisdietioa ebtrtot for ~se app~iaemcnt
o( a receiver of all rad ain6uler the mortc+~6ed property, aad of all renta. incotne~, pro6ts, imsuta urd nevenuea tbereof, from wluisoever
Rource derived; and therenpon it ie herebv expreeely e4venanted aad •ge~ed that che Covrt sb~ll ford~with appoiM aach rectiver with
the uaual yowero and dutie~ of rrrivers en likr ueea; snd seid appointuunt nhall be made by tbe coan aa a matter of etrict ri~lst to
the MortgaRee, a~d without reference to the adequacy or iaadcqwey a( th~ vslue of the preperty hcrtby n~oK~aaed, or to the soivency
or in~utw•~ney of the i"Iortga~tors or any olher party defeadaot to euch suit. Tht ~lort~~or herr3iy RpeeificallY waivta the reght to
vbject to the appointment of a eecei~~er ae afore~aid •nd hertby expreesly ~onsents ebat eaeh appointment ehall tx made as an admitted
equity and aa a m~tter of rbsolute riRht to t6e MortaaRee aod thqt th~ same map be donc without notict to the Mort6abor.
• (f 1 It foreeloeure proce~din~a ahould be inetitute3 r.Kaidst t6e propert} c~~ered by ihis mort~rge npcr. say ut6rr lica ar claim whethcr
alie~eed to,he superior or junior to the lien nF th;e mortsase, the Mor9~aFte rnsy et hie option immediattly upon in~titui"son oE eueh
suie or durin~ the pendenry thereo! declare ehis mort~Re and tbe indeLte~ine~ sr~ct~r~rj hrreby dae rnd payable forthwith and may at
ite option pro~aed to forrrlonr. thia martRa~e.
(Sl That the 'liurtEa6ur wili ke~p a11 real and {~creflna! gr~perty nox nr lierrafter encurnbered hy the iicn o[ [hie mort~a~e en4ur~c!
ac may br. tequirr.d from tinie to teine hy tht Aio:t~s6tt a~inat Iosa by fete, windetorna xnci uthtr h~xe~dF, casualliea snd cuntin~entiet
for euch perioda and far not leas than such ameun?s aa n~ar ~?e required by the !4lortaage~ and to pay prompily s.la~n dac atl p:er,ii:ursf
for eu~h insurance. The amounts uf innueance required b7 tbe Mor-t~a~rc rh411 tr: the triini~nvn~ ~maunt~ FGr whic6 ea~~; ineurance s1im11
be written end it ehall be inenmbent upon t}~e Mort~sar !Q xaai~tain eueh additionel itzeursnce ae may ht ~~es~wr7 to meet anJ ~ots~ply
(u11y wi~h a1l caineurance reqairemente contained in Wid poticies to the eod that the exid ~tort~aFor ie not a eo-insnror t6~rcu~et~r.
Insur3nce ehalt' kx written by a compsny or companiea approvtd or deeiFnated by the Mert~Sagee and all policice and eu?cwals thrreuf
ahall be held by the 31octFa6ce. Ail deqiled deee6nadone b~ tbe A1mrtRm6ar whie6 are acce~tr,d by tht Mott~ta~ee aad sll ~~rc~nxnte
between MonXagor u~d Mortgagee relatinR to insuranee, oow exi~tinF ur hercafttr tn~de, shal! be in wrtin~t and e~ul1 be a part of this
mortgage aKreem^nt oa fnlly as thou6h eet forth verbatim hercin ~nd e}ull Eovern both Ewrties hrreto end their ~ncceaeors and seai~ne.
tio iicn upon any o( eaid polieiea of ineurance or upon any refund or retnrn premium which may hz payable on the cancellation or
termination thereof, ehrll be ~i~~en to other than t6e ?Hort~6ee, cxcr_pt by prope.r endorsement ef#~ixed to 6uch policy and approvtd by
~i~,rtga~cee. Fach policr nf inaur~nce ehrll hexe afl'ixed thereto ~ Standard Ne.+~ York :Nortga~tee Ciauae WiY~304f Contributian, making
sll luse or lot~eea under Puch poli~y pay~ble to the MonXagce sa ite interest map appear. tn the event an7 ~um or eumg of money brccirn~
payeble therPUnder the MortgaRee ehall have the option to reeeeve and apply the eame on acrount of the indebtc~eea hereby sccure~i,
~~r tu permit Ihc. MorlFaRor to receivc and use it, or any' part thereof, witbont thercby wai~-ing ar impairin[ anq eyuity, lien~ or right
un~ter and by virtue of this mortKaxe. In tvrnt of loea or ph~eiral dan~aRe to thc mortRa~~~i property ?lu MortRaRor ~+hal1 Rrve imme-
~1irt~ notict thereof b7 m~il to the MortRaRee ond the ~'Iort~aEce may make proof of losa if the same is not m~de promptly br Ihe
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