HomeMy WebLinkAbout0257 e
~'i • ~ .5~ ( •
.i
PROYIDED~ AL~AYS, ti~t iE tbe Maet~6or ~all pay unw tlre Mort~a~ee the indebtedneass evide~?oed by a
oertain promirror~? ~owte af wbiott the follo~vin~ ia ~?o~d~ and 6~uree is a ttue ee~py tawit:
Me~qop. /Yo~.
s1~4~~~ Miami, Flori~~ ~.T 9~ _ 19 ~
FoR v,~I.j,~~ = Prom;se co pay
to the arder of lr•~' ~ ` s t
che principal sum o DOLLARS, together with interat
thereon from date at the rate of ten pertent. per annum until maturity. both printipal and interest being payable in
lawful maney of the Unittd 5tates at 203 Roper Building, Miami, Flarida. or at such ocher place ~s the holden hereof may
designate in writing. Principal and interest payable in installmenu as follows:
~ • ~ ~ ~OI~~ ~li~~ O~ '~h~
u~ dij ~ Sip~tit? ~.7~7t ~~d O~i ~ ~
~ istlt ia~?T aY ~rral ao~i ~~ns~? so~tlit t~~att~s util 1
~ ~t ~i1 ~1 e ~
This note may !~e prepaid in whole c~r e~ part aRer one year from the date hereof uEwn E~ayment of a penalty
eyuivalent to two j~ercent o! the principal sum prepaid.
Each instailment pa}rmen~ shall be credited first on th~ interest due, and the remainder on principal; and interest
sh~ll chereupon cease upan che principal so crrdited.
The makers and endorsers of this note further agree to waive demand, notice oE non-paymen~ and protest, and
in the event cuit shall be brought for the collection her~of, or the same has to be collected upon demand of an attorney,
co pay reasanable attorney'a fees for making such collection.
Defened paymtnu hereunder ahall b'ar interest at the rate of ten percent. per annum from maturity until paid.
I This note is secured by a mortgage of even datt herewith and is to be construed an3 enforctd according to the laws
of the State of Florida, upon default in tht payxnent of principal and/or interest when due, the whole sum of principal
and interest remaining unpaid shall, at tht option of the holdtrs, become innmediately due and pay: blt.
~y~'~~UL '"i . i: 't+~ iJT'u,±~iY (SEAL)
(SEAL)
~end shall perform, comply with and abidc by eaeh ~nd evexy ihe stipnlationa, a~eemente, conditiow and covenante o[
eaicl promiaeory note and of thia d'ed, then this deed and the dtate thereby created sball ceaae and be nnll and void.
1. The Mortga~or hereby covenanta and ag~eea: •
(a) To pay dl and sinsular t6e prineipd aad i~ere~t wed ~tb~r emnr ot msae~ pqYble by ~•inue of aid prsmiawry nute and thu
deed. O! ElL~E[~ promptlY on t6e daro rupettivtlr tbe srat~e ~evlsallr b~Ceomb dne.
(b) To permit, commit or ~~er no wwe ~nd to msimain tl~e i~e~vements ~t rll timn in ~~tate of 6ved repair and conditioa; and
~o do or permit to be done to ~aid premisa aot6in` tbat rrill alter ~r ebaa~e tbe aee aed character af eaid prepert~ er io aor w~y
impair or weaken tbe ~ecnrity of this mort~a~e. And in eue of tbe retmd, sedeet •r idbility ot t6e ~~rtpaer to rep~ir aod ~aiauia
eaid property~ tbe Marep~ee ~a~. ~t 6ia opti4n, make ~re6 rep~in or uwe tLe aine te be rwde, aad sd~ance monefs ia tb~t beLalf.
(e) ~o p~y all and ~in6nlar the taxee, a~enq, levia, liabititia, and obiiptioas oi ever~ natare on wid daeribed pt~perty aeh
and every when due aad p~y~61e aeeordina to Irw, bdeee~ be~eome delirqnedt, wd to ,dcliver t~ tbe Mortaa~ee on or before Mar~h
15tb of each year ui rceeipti cvideacin6 t5e ps~meat of ~ll L~wfull~ impwed ta~ues for tbe prace~ins eakadar year• to indemni(r the
Mort~aet upon his dem~nd for all Lu~a, awa~menb abd t~r~es t6at m~y be asaeaatd npoe t6iu~ mort~~e on tht indebtedneae secured
hercby, :nd paid br the mortga~ee, withont re~rd to ~n~ law 6eretofere eaaeted or hereafter t~ be enacted impwin6 pa~nnent of the
whole or ray part thereo( upon thc Mort~ssre.
(d) To pq al! and sinaul~r the cwu, c~r6es and expe~e~ iadudin~ Lw~en' tees aad abstract co~ts reasonabfy inenrced or p~id at
anr time b~ the Ii~ortsa6ce because oF the C~ilnre op tLe part of ihe tilort~~or io perform, coniplr witl~ ~ad abide b~ cach and every
the atipulations, s6retmenb, conditio:u and coveuanb oI wid proroiuory note rnd this deed, or eit6er, and every suc6 p~7iment ahall
bear interest from d~te at 'the r~te of ten per centnm per anaum.
, (e) It is tnrther eavenanted md a~rreed b~ aidp~ rtin thtt ia tbt event af • cnit bein6 iastituted ta foreclost t6is mort~rre, the Mort-
6a~ee ~ball be entitled to appt~ ~t aar time pendius snc6 f~rerlaaro uut to ~e eonrt 6rviaa jarindiction ebereef for tbe ~ppeinaneat
of a rcctirer ot all and sia6nlar tbe mort6aaed property, aod sf ~1l rcms. iueoma, proSt~, i~sua u+d revenua ther~ea(, [com wbelsoever
source derived; and t6ereupon it is hercby exprdslr eoveo~nted and ¦areed tl~t tbe Ceuct ~6ril lsrtbwith ~ppoint sach reteaver with
t6e uswl powers and duties of re~eiven in like cs~a; ~nd ~aid appoiatment eLall be made by tbe eoan a~ a m~ttcr of strict ri~bt to
the Monaa~te, snd wet6out reference to the adequacr or in~deqnaey ot the valne of tbe property bereby mortaased~ oc to the wlvency
or 'rnsolveaey of the M~rt~a6ors or •ny other party defend~nt to ~uch suit. Tl~e Mortp~or 6enbr apeei6cally waiva tbe riaht to
object to the i~101[Ilflltpt ot a recticer as s(oreuid and berebr rspre~tiy eonsenu that ~uel~ appointment ehaU be made as an admitt~d
eqnity and a~ a mstter of absolute ri6ht to tbe Mortq~ee and tb~t the same ma~ be done witiwut notice to the Mort6a~or.
(f ) If foreclosure nrocetdinss shoald be instituted r6aiu~t tbe preperty eovered by thia moK6a~et tq?oa anr other Iien or claim whetber
allt~ed to be superior or junior to the licn of thi~ mort6aye, tbe Mort~a6ce may ~t hi"s optiaa immed'utelr upon imtituiion ot euch
suit or durin~ the pen~eney thereof declAre tlve mortpse and tbe indeb~edreesa eecvred herebr due and par~ble fgnhwit6 and may •t
ite option proceed to foreclore ~hi~ ~nort~ase.
That tbe Mort6a6or wilf keep ~Il real aad penooal preperty now or hertsfter eneumbered br tht tien of thie monRa6e insured
aa ma7 be required from time to tiine by tbe Moet~6ee aaaimt loa by Sre, wendatorm •ad other has~rde, eseualtiea and continRencie.s
tor sach perioda and for not lua thaa soch amouna u mar be rcqnired by ehe Mort~a6ee snd to pa7 pro~pdy when dne all ~aremiume
for ~uch inennacc. Thc a~oounta of im~uarree rtqnired b~ tbe Moet6asee ehall be the minimnm aimonnte for which raid ineuraace shall
be written aad it ~Lall be ineambent upon tbe D[artaa6or to twislain saeb additinaal ii»nranse a~ msy be neceusr~ to mttt rnd ton,ply
fully with all eaimnranee ceqniremeau contaioed in aid p~lici~s to the end thst the ~aid Mortp~or ia oot a co-insnror t6ercnnder.
Insurance sba1F be written b~ • company or companiea ap~?r~o~ed or dwiqwud b~ tbe Monp~e and allpo licie~ and renewsla thereof
•hall be held by the Mort6a6ee. All deuited desi~oatioas b~ tt~e Mort6a`or whic6 ~re accepted by the Mort~~ee ~ed ~11 a~eeweute
between Monaagor ~nd Mort6agee reLtind to imnranee, oow esistin~ or hereafter madc. ~6aU be in writin6 ~nd shall be a prrt of thie
mort6a6e ~6reemeat u fnllr ~s thon~L ~et torth verb~tim hercin md sbali ~overn both p~rties hereto and their wcedwrs and aesiFne.
No lien npon ~n~ of saidpo licieo of insurance or upan aa~ ~fand or return preaiium whieh may be pa~ahle on fLe cancellation or
termination t6ereof, shall be ~IVEO to other tluo the Mort~~ e~ccept by~ Proper endoreement ~Aiaed to sucb polit7r aad approved b7
. ~tortaa6ce. F,ic6 polic~ of insunnce ehalt hue ~6xed thereto ~ Standard New York Moet~asee Clanee witbont Coneribatian, makinq
ali lo~ or lour,r ander ench polic7rpa y+~ble to tbe Mortaa6ee iu ib i~erert raa~ ~oppear. In t~e event an~ ~am or ~e~ of tnoney becomc
pay~ble thereander tLe Mort6aRee rhall have t6e optivn to reeei~e and appir t}ie bme on accoant et the indebtednas herebr recnred,
or'to permit the Murt6asor to receive aed use ii, or anr p~rt th~eof, ~ritbam [hertb~ waivia~ or imp~irios sn~ eqtiiq, lieu~ or ri~ht
under and by rirtae of this mon~~te. In eveat of loer or phrical daroa6e to tlie rmortRastd propertr t6e MortKsror shall ~vie iynma
di~cc notice thereof b~ mail to the Mort6asee and thc ~ort6aace m~y malcc prooi of loea if tbe s~me is not made prornptl~ b~ the
~ooK 1~3 z~ ~
. . .
~