HomeMy WebLinkAbout2883 YROVIDED, AL~AYS, tbat if tt~e Mort~~or ~bu~ll PaY unto the ~ort~a~ee the indcbtedneee evidCnced 6y a
certain or~niaeo~ qwta o[ 1be followin~ ia w~ord~ aad fi~re~ ia ~ tsue copy to-wit:
i
. Mo~9o~p. /Yol. _
s-- ~s.:~~~+~ Miami. Florida liilv 1g 6~
FOR VALUE RECEIVED w+~ ~ a~~ promise to pay
co the order of ~ ~
the principal sura of ~~E DOLLAR5, togethcr with interest
thereon from date at tht rate of ten ptrctnt. per annum until maturity, bath principal and interest besng payable in
iawful money of che [lnieed States at ?0~ Roper Building, Miami. Fiqrida, or at such other place as the holden hereof may
designace in writing. Principal and interest payable in installments as follows:
Fiit~tive 5~.00 ) D~ltat~s ~r maat,h 'b~,g an the
1stS d~y at Sept~ber 1965, ~r~d ~cantim~tngn~hs l~~
d~ at eaoh +~t ~nraYg a~at~h thas~eait~r ~til psid i,n
~hllw
'I'his note may be E>reE~ai<t in whole or in part atter one year trom the date hereot u},on payment of a~ena
eyuivalent to two E~ercent ot the ~rincipal sum prepaid.
Each installmenc payment shall be credited first on the interesc due, and the remainder on principal; and interest
shall chereupon cease upon the prinripal sa credited.
"Y'he makcrs and endorsers of this notc further agrce to waive demand, notice of non•payment and protest, and
in the event ~uit shall be brought Ior the collection hereof, or the same has to be callected upon demand o[ an attorney,
to pay reasonable attorney's fees for making such collettion.
I Deferred payments hereunder shall bPar interest at the rate of ten percenc. per annum from maturity uutil paid.
'This note is secured by a mortgage of even date herewath and is to be construed and enforced according to the laws
of the State of Florida; upon default in the payment of principal and/or interest when due, the whole sum of principal
and interest remaining unpaid shall, at the option of the holders, become immeciiately due and payable.
G~ORGL JOHIvTSON (5EAL)
I ll~LL:r;r't ~.:nUI•~wR'~ I Li~ JQH.'v SOi~ (SEA.L) ~
~
' and ehall pcrCorm, comply with snd abide by tach and every the rtipulatioaa, a6rixmenle, conditions and covensuite of
said promise~ry note md of thie dced, thea tlus deed R.nd the estate thereby craated a6a1] ceaee and be nealt and void.
1. T'he Mortga~or hear,by covenants and a~roes:
To p~~ d! ~nd ~ie}~u4r t6e pt~eipal and interat md sther oma~ .f moeeyr p.~abie by ~•irtue ot s:id pcomiswry oote ~nd tbi~
dced, ~c eitber, promptly oa tbe d~ri re~eeta~d7 t6e wme ~evanli~ betomea dae.
( b) To permit, eommit or suBer no wute aod to maintair t~e impnveme~s it ~1! timea ia a~tate s( 6ood repair u~ eaodition; aad
to do or permit to be dane to said peemiw nat6id t4~t will aker ~r tl,~n`e tht m~e and ctu~raeur of s~id prope~t~ or in an7 way
imp~ir or weaken t6e sccmritr ef ihis mort~s~e. An~ in eae of tbe cefatti, oe~leet er inabilit7 0( tbe 11~~rtga~or te rep~ir aad mamuiu
said propert7, the Mort'aaee eur, ae his eption, make saeb tep~irs or caos~ tbe sa~ne t~ be oiode, wd ~d~seta mouer in tbat beLalf.
(c) To pay dl and sin6ular the ta~cea, s~aWUCnts, ltvie~ WbilRiea, and vbliptioos of e.~e~ o~tve ~a said ~cribcd pr~perty each
and every when due ~od pa~~ble sceordins to iaw, before tLe~ beeorree delinquent, aad to ,deliver t~ t6e Mon~s~ee ou or betorc M~rch
15t6 uf each year te: reeeipts evi~eaein6 t6e pqmeat ut dl LwfuU~ impo~ed taxa (ot ths precediaa nleodar yar; eo indernn;f~ ~he
Mortsa6ee upoa hu dan~nd for a11 uzea, asse~menta and ehar~ t6at m~y bx assea.~ed upon tL'u nortaa~e on it~e indebtedneaa ~ecured
hereby, and paid br the mort6s6ce, withoat re6ard to ~r~y l~w 6errtofore enarted or here~iter to be emeted impwin6 p~7meot of tbe
whole or any part t6ereof upoa thc Mort6a6ee.
( d) To pa~ all and ~in6ular t6e cwu, cbar es and e:pe~es, indudio6 la~ees fea aad abetract costs rwonabl~ iuen~red nr psid ~t
•nr time by ch~ Mo~~a6ee beeause of th~e ~iilnre on ~be p~n of the '_Miorc~sor to perform, eoo~plr ~?it~ ~nd abide b~ eaeh and every
the otipulrtiom, ~6rumeoea, conditiuna a~d covcaanu of ~aid pramis~or~ note and this dee~, or eit6er, and every ecuch ~raywent elull
bcar interrat frsm date at the r+ue of ten per centnm per anaam.
' te) It is [nrt6er coveasated and ~6reed b~ widp~ nies tLat in t6e event of a cnit bein6 i»~tiwted to torcclese t~i~ mortp~c, tbe Mort•
paee aha11 be wtided Ro ~ppl~ at any time pendiu6 ~acb feredNUre snit to t~e e~art hsrin~ jnri~etieo eLereof tor t6G spp~intiaeat
of a receivcr of aU and einsnlar tLe mortp`ed propertr, and of all reots,, incomes, pro6es, i~sua aad revtr~nea tbmre~f, Lrom ~rh~t~oever
saurce derived; u+d t6ereupon it ie harebr ezpraaly ttveaanttd and agreed tHst tbe Conrt ~ll (ortLwith ~ppoiut ~uch reaeiver with
the asnal powen and dutia of receiven in like ca~es; aa~ aid •ppoincmeps ~sll be m.de by e6e court .s a msner o( .~;ee ri~ke ~o
the Mort6asee, and w~ithont retere~~ce to the adeqnacy or inadeQoacy nf the ~.lne of che propern 6erebr mort6s;ed, or tu tLe wlvency
or iasoivr.ncy of the Mortsaaors or any other psrty ddeod~nt iv sueh euit. The Mort~r6or hereb~ apecifua117 waivea t},ue ri~ht to
abject to tbe appoiutment of a receiver ae aforesaid ~nd 6ereb~ esptessly eartaents that each appointment shall be enade w an sdmittcd
equitr sAd as ~ maner ot abaolute right to the Mort6a~ee ~od t~?t the same ma~ be done wit~out motice to ehe Mores.aor.
(f) If foreelosure proceedinac ehonid be iastituted •6aiast tbepr eperty cnvtred by ihi~ mort~,ere opon any other ii~a or clsim whether
allt6ad to be a~uperior or junior to the lien of t}ur e~oet6sge. the Mort~agee msy ~t hie option immediateiy npon iaetitutio~ of eueh
avit or durin~ tht pendeaey ~hereoE decl~re thie mort~6e ied tbe indebtedness secursd 6ereb~ due snd paysble focthwith snd m~y at
it~ option proceed to forecloee Ihis mort6a6a.
(6) '1'!ut tLs Mort6s6or will kecp al? rul a~d penoaal prope~t7~ now or bereafter eneumbered br the lirn o[ th+s mortpss6e insurtd
~ aa ma~ be required froro time to tiiae by the Mort6a6ce a~airrt 1os~ by fere, windstorna and other haurds, urwlties and centinsemcir,s
, ~OT 6Yt}f ptrlOd6 and tor oot lesa tban ~uc~ amo~mts ae~ ms~ be required bX tLc Msrtga6ee and to pa7 prompdr w6ta dne all preminme
for •uch insunnce. Thc amaunte of insunace reqAir+ed h~ tLe Mort6asee ~l~ail be the minimnm unounte fo~ whieh eaid insunnce ehall
Le written and it ~6~11 be ioc~unbent npon the Mwt6a~r to ~aiatrin s~ additionol inannnee a~ may be neceosar~ to mect and con~ply
fally with ail caiwurance reqneremenu caotained 'm aid pslicie~ to tlHe end tLat tbe ~aid Mort~~c+r i~ not ~ co-io~nror ebereander.
Ineurance ahait be writun 67 ~ eompanp or eompania appwved or daianrted br tbe Mort~a~ee and all~polieid aad ~enewale thercof
~hall be held by the Mortaa6ee. All dttailed da.~i~tioo~ b~ t6e Mort`a6or ~shicb rre ~cce~tcd b~ the Mort~aBee and all a~rteneente
betwecn Mort6a~or and MoRaa~9ee relatie~ ts insnnnoe, no~r ez'stiu6 or hereafter madc, s6all be in ~?ritin6 and ~hall be a p~rt oi this
mortba6e s6reemeat u fnUy u tbou~h set forth verb~tim harein and ~all 6overn bot6 parties beeeto and tLeir tucte~wr~ and aeei~tne.
No [ien upoe any of raidpe licid of innunnee or upon aaT refund or return prcm9nm wbieh ma~ be pr7ablt on tbe cancellatioe or
termination thereof, ~hall be aiven to otber thsn tbe Mortp~see, e:eept by_ proper endonemtnt aH'ned to ancb poliey and approved b7
\+tort6a6ce. Eacb poliq of iasurance ehall hue a6xed ti+ereto s Gtsndard iVew York Mort~a ~tee Claux without Coetribation, makin~
all loen or Iwscs andtr ench policyp~ 7~ble to tbe Mortgs~ee s its ietere~t may appear. In the event an aam or tu~ of money be~omc
pay~blt thereunder tbe Mort6a~ee ~hali have the o~?tion to reoaive and ~pplr t6t same on rerount of ~ indebtednees heteby stcnrcd,
or to permit the Mortsa6Ar to receive ~ad we it, or aq p~R thereot, witbwat tl~crebY w~ivin6 or imp~iring un~ eqnit~s lien~ or ri~ht
under and bp viKne ot t~i~ mortRa~a In event of loM or plqsirat dan~a6e to tht mort~ta~ted property tbt MortRs6ar shall ~vt iaimt-
diste notice thercof 67 mail to the Mort6s~ee and t~ Mort~6ee m~y make proof of toee if the wme ie nvt madt premptl~ by 1hr
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