HomeMy WebLinkAbout2914 PROVIDED, ALqAYS, that if t6e Mox~gor ~hall pay untu the Mortga~ee the iadebtedneee evideAced by a
certaiu promiesory aoto uE wl~ich the followin6 in wards and figuree ie a true copy to•wit:
"`t ' ' . L ~
~!'°~yo~s No~f.
s Miami~ Flotid~_ _ __J~ _ _ 19 ~
FOR V~
1~ }EC~ i~ pcomise to paY
co thr order of ~ ~ zT~ •
the principal sum of DOGLARS, togtther with interest
chereon from date at the rate oE ten percent. per annum until maturity, both principal and inttrest being..payable in
lawEul money of the United States at 203 Roper Building. Miami. Florida, nr at such other place as the holders hereof may
designatr in wricing. Principal and interest payablt in installments as follows:
~~~st ~t~ 1 ~k ~im~f~ e~a t~re
~s#~t 9`~, a~d a~ is~~,r +a~t ti'~e
!d ~ s'+~+t7~r w~al~ x' t~t~3.1
~s3~i ~s t~l..
"I'his note mxy be Nrepai~i in ~~~hule or in part a[ter one J•ear frc~n~ the date hereoF upon payment of a}~enalty
eyuivalent co two t~er~~ent ot the ~rincipat sum prepaid.
Each instaltinenc payment shall be credited first on the interest due, and the remainder on ~rincipal; and interest
- shall thereupon cease upon the princigal so credited.
The makers and endorsers of thi~ note furthtr agree to waive demand, nacice of non-paymenc and protesc, and
in the event ~uit shall be brought for the coliection hereof, or the same has ta be collected upon demand of an attorney,
to pay reasonable attorney's fees for making such collection.
~ Defened payments hereunder shall brar interest at the rate of ten percent. per annum from maturity until paid.
( This note is secured by a mortgage of even date herewith 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 opiion of the hotders, betomt immediately due and payable.
~ i
~ • eTBUdQII r. (SEAL)
~lthea Ju~dan i ~5~~
Pl~bal Jaudon
and shall perform, corr~ply with ana abide by each and every the stipulations, aareemente, conditions and co~enanta of
3aid promi:~gory- nate an3 of thie dr.ed, then thia deed and t}ie eetate thereby created ehall ceaee and be nnll and r•oid.
1. The i4lortgagor l~ereby covenantr and egreee:
To pay ell and ainsular the principal and id~tPGt tqd othar ~um~ of moaey pay~ble by rirtue of twid pcomiasocy uutt and thie
dced, or either, prompdy un the d~ra respeetively tbe sacne ~evecallT be~eomes due.
(b) To pcnnit, commit or s~lEer no wute amd to mointaiw ibe unprovements at all timd i:c a etstc of guod rep~ir ar.d eonditioo; and
to do or pemiit to be donc to said premises noth:o t~at will dter or ehan6e tM: nse and character of wid propert7 or in an~ way
impair or weaken the aeeurity af thie mort6a~e. A~ in ease of tbe refussl, ne6leet or inabilit~ of the Mert~a6o~ te repszr and maintaiu
aaid property, the Mort6agee Qur, at hia option, auke ~aeh rep~ira or cause tLe wsne te be made, aqd ~dv~oee mone~e in tL~t behalf.
(c; 1'u p~y al! end ein6ul~r the taxta, assetnmtnts, ltvits, liabilitid, and obli~atiow uf tver7 ostnrt ou s~id deecrib~ed preperty ta~h
an~ every when due and payaLle aceordia6 to law, before tLey beeome delinqueat, and to .delivsr to tht Mort~aaee on or before Mstc6
l~th of each year tsx receipta evidenciu~ tbe paymeut of a!1 4wtullr imposed la~sa for t6e precedin; calend~r yur; to indemnify the
~iortgagea upon : i. d-:r.s~~ for all tases, ~sse~nente and cha:~ that inay be assesned upon thia moREs6e on the indcbtedneee secured
hereby, and pa:d by the mortRsRee, Wi~hout re~ard to any I~w 6cretefare tnacted or heresfter to be enacted impoaina parrroent oi the
who]e or any part thcreuf upon thc Mortaase+e.
i~1) To pay all aud sio~ular t6e co~ts, c6rr6ts and e:peasca, indudin6 Irwytre' feu ¦ad obbtract coeta reasor:ably incurred or paid rt
a~y time by the ~Iortsag~e hecause of the f~ilure on the p~rt of the Hort~te~or to perforcn, comply witb~ ~od abide by each wred tvery
the atipulations~ ag~t.emeata, cundition6 and coveaantb of eaid promiseary nate rnd thie detd, ar either, +~nd ~vtry eucb payment ~iull
bear intordt from clate at the rate of ten per centum per anaum.
(e) Ii ia further covenanted and a~reed by ssid parties thAt ia tht event ~t a Fuit bein~ inetituted to forecloee tbie mort6sbe, the Mort•
ga~se ehall be entitled to spply at my time pendius each foreelwure anit to t~he court 6avina juriadietion ebexeo( Eor t~e sp~inUnent
af a receiver ot all rad sin6ular tk,e mvn6aged propeny, und of all renta~ iacomra, pro6t~, iwues and revenne~ thtreorl, [~om whauoevcr
Rource derived; and thereup~.n it ie hereby ezpreesly tovenauted and •sreed that the Coart eh~ll forihMith appoint aucb rtceiver wit6
the uau~l powere and dutiee of rc~eivers in tike cseea; •nd asid sppointment ehall be made by tbe coort aa a matter af etrict ri~ht to
tne Mort~tageq and without refereuce to the adequacy or iaadeqaacy of the velue of the property hertby mortFaaed, or to the aolvtncy
nr ineolv~ncy of the Mnrtgagors or any other party defenda~nt tu euch suit. 'Thc :Hort~r~or hereby specifically waivea the right to
ubj~ct to the appointmcnt of a recci~-er ae afore:,aid and hereb7 sxpreeely ~onaents that enth appointmtnt shal) ba tna~le ~e an admitted
cyuity and as a matter oi absolute right to the Mort~aRee and tL~t the eame msy be done without oatice to the Mort6a~or.
(f ~ 1f foreelo6ure proceedin};a ehould tx inetituted ¦g~inet the property covered by thia mon~ae upan any other lien or ctain~ whether
nlleFed to he superior or junior to the fien of thia mort6s~t, the MortFa~ee roay at hi's option immediately upan inelitution o[ eurh
suit or durin~C the penderecy thereof declmre this mort6aae •nd tbe indetitedness eec~~r~d he~eby due and payable forthwith and may at
ita option procece3 to fore~lode Ihie ~i~ortRege.
~ 1 Thai the ~1ortK~sor wi1! keep all res! and ptreonal property now' or her~after eatnrnbercd by the Gcn of thie mortp,aae in6ureil
a.; rnay be rcyuirr.i3 fram timc tc~ ti~ne by the Mort~agee agsinat ioee by 6rt, windatorn~ and other hazards, ~~6usltiee and contin~enciea
tor such (xriuds and for not leaa liun sneh amovnta aa may be trqnired by die Mortssgex and ro pay prompdy wk~en dua all premiumR
for e~~~h ineunace. The omount~ of insurance reyuired bj the Alortgagee Fhall be the minimum amounte for which said inaurance ehall
t~+~ written and it ehall be incumbent upon the '1~iort~a6or to maintain sueh additiunnl ineur~nct ae may be neiessary to meet and coniply
fu?Iy~ with alt caineunnet requirtment~ cantai~d in wid palitise to the end that the said ~1ort~pnsor ie no! a eaieearor thcrcundcr.
Insurancc shalr Ue written by e romp9ny oe eompanics approved or desi5nated by the Mort6a6ce and a11 policiea and renewals therco(
nhall be htld by the ifortgagee. All detailed cfeaiputia~u ay the A3ort6a6or which are ucepted by the Mortga~ee and all a~reen,eate
kr~tween Mortgagor ~ad Mort~agee relatinK to insur~nce, now exiuin~ or hereafter made, st~all be in writin~t and eha11 be • part o( thie
mortRage agreeinent as fully aa thou~h wet forth verLatim htrein and ehall ~overn both parties hereto and their enect~eore And aesi~ne.
~o li~n upon any of ~aid policiea of ineurance ot upon any rtfund or rr.turn premium whic6 msy be payable on tbe eancellation or
tennination thereof, a6e11 tx given to other than the Mort~Fee, c:cept by proper endors~ment afTixed to gac6 polity ~nd approved !~y
]i~~rtgaRee. F,.~~h policy of inaurance ehall haxe alfixed therrto a Standard NeM York MortFeRee Cl~uee wiGho~t Co~tribution, makin~
ali !use or luEete under xucl~ pol~cq payrbie to tht MortKaRee ae ita interr,si may appear. In thr event any eum ur enme of Mbtlf.}' L7P~nmr
pay~able thercunder the MortgsRee ehall hase the option to receive end apply the earne on ac~ount of the indebtednesu hereby eerured,
or to prrmit ~he MortRssor to receive •nd use it, or any part thereof, withoat thrrcby waiving or irnp~iring any equity, lien~ or ri~hi
im~lrr a~d by virtoe of thie murtgaF~. In rvent of laea or phyeiral dsn~aFe to the mo~tRaRtd propertg the Mori,TaRor Fhall Rivt imme-
~liatc r~otire therzof b~ rnail to the Mort~tu~tee and the Mor4KaFte mey make proof of lo~e if thc sarr+e iR not m~d~ prwrropfl~• by thP
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