HomeMy WebLinkAbout1307 . . r,~'. .
PROVIDSD, ALpAYS, ti~wt it t~ ~[ottp~or ~Lall pa~ nnto tbe ,[ort~~ee t~ indcbtedr~ evideuoaa br a
oertaia pramiMer~y nats .1' w~a6 tLe folbrri~ ia ~d~ aad ~aure+~ ia a troe aip~ tawit:
~1/o+~9ops /Yo~.
j_2. ~3,.OQ Mi~mi, Flaridi_ L_ 1~,,_
FOR VALUE RECEIVED,~~
~ ~j]f promise to pay ~
to the or~der o~_ ~ gI~&+A " " r'
cht principal sum o DOLLARS, together with interrst
chtreon fro~ ctate at the nte of ten percent. per annum until maturity, both printipal and interest beingpa yable in
lawful money oE the United 3tates at 203 Roper Building. Miatni, Florida, or at sueh ochtr place as the holdtra htrraE nsay
designace in wricing. Principal and inceresc papabk in iwttllmtnts a: follows:
~'~i?-~'~'~ t~S•~o) l~iLs~ re ~a.1ta ~d~ c. tr. lst~
i~p Osic~i~~ 29is• o~ ~ lyt~ iv o~t ~s~i
s~i ~'~r7 aoa1~ ~al~ ~ttil rid is i1~1.
~
This nnte may br prepeid in whole or in E~art aCter one ye~e irom the date hereof upon payriient of a penalty
eyuivalent co cwo pcrcent of the principal sum prepaid.
Each installmtnt payment ahall be tredited first on the interrst due, and che remainder on principal; and interest
shall thereupon cease upon the principal so credited.
The makers and endorsers of this noit further agret to waive demand, notice of non-payment and pratest, and
in the event :~uit shall be brought for the collection hereoE, or the same has ta be collecced upon demand of an attorncy,
to pay reasonable attorney'a fea for making auch collection.
Deferred payments heirtunder ahall b'ar interest at the rate of trn percent. per annum from maturity until paid,
This nott is secured by a mortgage of even dau hertwith 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 tht holders, become imniediately due and payable.
JUIi:d 1;i,'.dz ~ rn.;~ LOi~`E' ~S~~
~~LVI~ P~si~~UT;r;
~s~.~
and ehall perform, comply with aad abide by eaeh aad eve~y t~ dipnlation~, aareemeats, oonditions and covcnanta of
eaid prnmiseory note and af thia deed, tbeit t6is deed aa~ the aRate tlaereby cre~ted shill cease wd be nuD ~d vaid.
1. The Mortgagor bereby covenants ~nd s~reea:
(a? To pq all ~ad ~iepLr d~e prl~ipsi aoi i~tere~t atd Ntier wdf d m~wey ~7rablt b~ vi~tae st w;d pnmi~wq nou and tL"u
deed, or eitLer. ~~s e.? ~ 7.~. ra.~ee~3.~elr s~ ..r~e ....r~u~ bee.m~. ae~.
(b) To permit, eommit oc w[cr er ~va~te ~ed to maimai~ ~Le i~p~~vemesb at ~~11 times u~~tate d i~d repair wi e~oditi~n; ~nd
to do or pcrtnit to be dsse h atd ~ eetY'i~` ttirt ~+iH ~1ter ~r eirs~e dre ~ ard e6~estler of wid pr~pert~ ~r in aa~ ~vay
imp~ir or ~.akea tbe recr~riq o( tbi~ m~rtp~e. And ia ea~e af d~e rda~d, ~e~lect ~r imbilit~ ~f tbe ~[~rtps~r te r~pair ~d mai~uin
said proPertp. the MortP~ee aMr, st Li~ ~ptioe, make nr~ rapin er raare t~e ~noe t~ be ryde, a~d ai~rares wioar ia tlwrt be6ali.
(c) To pay all aad ~ih~dar ttit taYe+, aMer~uuenb, levie+, ILLilities, ~nd ~bllpli~ar d eve~~r eaKrire sa Mid ie~eribei pr~pect7 aeL
aad every wLen dae aad pa7able ueordin~ to 1aw, bdore ~beeome deliwq~ u~d tA ~el~var t~ t6e lliortp~ee w~r bdore l[arch
15th of each ~ear wr reeei3a evideacina ebe p~~nnem of dl all~ iape~sd taxe~ tor the preoedio~ e~eadar ra~r; t~ indemnify~ t6c
Mart6adee npea bis deman tor all tazes, ardrmeats md eLs~~o that wq be use~sed npou tL~ sMrtp,e «e tbe indebtedrees reenred
he~eby, ~nd paid b~ the mortp6ee, w~ithont reprd to ~n~ lavr beretsfere auaeted or bereafter ts be e~eted ia~p~siaa pqmeat of tLe
~rhole er anY p~rt thereof npon thc Mortp~.
( d) To p~~ all and singdar the cwts, zbu~a asd e:pea~es, i~adudia~ laiNr~ers' (eea ~ad ~Mtr~ct t~ rwoe~bl~ i~cn~ed erp~ id ~t
an~ time b~ tbe ~ortp6ee bccawe of the f~ilnre eo the psrt d~he 1_I[ertp~or ts perform, earipl~ wit5 rd ~bide b~ e~e6 and every
the stipulatiom, aReemeats, conditions and eove~nt~ o[ wid pnmiisor~ note qd •tbis ~eed, K eitLeq a~d eveq wcb p~~ueet sLdl
bc:r interat from d~te at the rste ot t~u per ceatom par an~.
(e) It is t~rtber eoreaanted and a~sd by widp~i tirt f~a t6e ewcat oE a snit bcia6 i~titnted t~ totcclwe tlw mortp~e, tbe ~lon•
~ ~hall be eotitled ts ~pplT at sn wae p~in6 ~web t~redew~rs ~it to ebe c~ort ~ ju~i~eo e~msf fer the s~ialmeet
oi a receivea ~ aU ~nd sis`nlar tLe martpaed propeety, snd ~f ~11 reat~ i~e~ay ~ iewe~ md ~ tberwraf. trom ~er
~oarce derived; aed tberenpon it i~ bcrebT ezpe~ersl7 e~~ea~ed sed asr+eed tWt tbe Gart ~bati I~hwith appsiet saeh roeeiver with
tt~e mwal powren a~ dotia of roeciven ia tike c~arer; a~i N3d ~st ~11 tie sade b~ ~e eaort r~ maner o( priet ri~t to
the Mortansee, and wit6oot reference te the ~deqaae~ ~t ie~deqo~e~ of tbe vdoe of tLe properq bercb~ mocCaa6ed, or to tbe wlvmcy
o~ ie.oivency oi ehe Mort~aao~ or ~nr ett~er p~rty aefe~nR M sac6 wi4 The Ill~rep;or he~br speei&aUy waira the ri6ht to
object t~ the appai~eat o[ a reeeive~ s~ ~toraaid ua Lereb~ e~eea~sl7 eonseab tb~t soeh appoiratment ~6aI! be made w aa a~nitted
eqniq u~d a~ a~wtter of abwlute ri~t to ehe Iliortp~se a~d tMt tbe ws~e ~ be done «ritMr~t ~atiee t~ t6e Mert~r~or.
(t) If focecloann preeeedin~e ~honld be iatitnud apiart d~epe~pc rty eeve~d b~ t1w moet~~e ap~s aa~ et~er lien or claim ~vbetber
dlesed to be cuperior or janior to the lien d this u~~e~t~,e, tLe MortaaBee ms~ st h~'s eptioa imroedWtel7r npan iustitntian e( sneh
auit or durin~ the pende~y thenot declare tbis r~•rtp~e and tbe indebtedseu ~eerred ~enb~ dne rnd pw~ble frrtLwit6 asd eoay st
~ iU optioa procced to toredose this mortaa6e.
~ ( 6) T6~t the Mortpaor will keep all real ~sd pers~ed pr~perq aow er 6er~eafter escumbered br the 1'ue of thi~ mert~atc inwred
~ as ms7 be reqnired from time to time by t6e 11~vrtpMee api~i Mr b~ fue, nind~torrn add otLer ha~rds, asndtia aad eontia~encia~
~ for s~ch periub and for not las t6~n ~aeh ua~nat~ ar ~7 be re~pi~ bt tbe ~[Ktp~ee aed to pq prompdp v?6en dQe all preminms
for ~ach i~unnoce. Tbc amonnu af iawra~aa re~urr~d Lf tb 1f~etp~ee ~b~ll F~e tbe miaimam aaoneC~ fer ~rhich qid inwnnce ~hall
be written and it ~II 6~e incnnDbeat apon tLe M~rtppr t~ ~tsia we~ sdditiosd ios~ranee as ms~ be neeceesr7 to meet and eom~ 1'
inll~ with ~ll eainsnrwce reyair~tme~t~ tort~iwsa in ~rii ~ieia ~ tLe eiod dMt tbe Nid ~t~rt~apr u aet a eainsoror tbere~nder.
Irun~anec sbalr be ~?ritteo b~ • eompany ar a~m~e3ao ~r de~ted b~ the M~reaa~ee and all~polieies and rauewaL d~ereof
ehall b+e held by tbe Mortp~ree. AU dwiled d+ea~rtiwM tbe Mwrtp~ wbisL ar~ b~ the M~et~~ee and sll ~sreca~cnte
between Mortpaor ~ad M~rep~ees welatia~ ts i~w~~os, M++ e~Mia; on c~~fter ao~de,~ i~ ~vritires snd iall be a pert of thie
mortp~t a~rrameat n fd17 r tbea~ ~ xtk ~rrbKia h~eia aod ~11 soren bot6 p~rties 6ereto ~nd tbeir weeeMOn and aasi6os.
No lien upon r~ et uidp~
licie~ d i~araaee or ~oe u~ rd~d or recuro premi~ Mhich ms~ be p~rsble a~ tbe eYecellatioo or
termiortion t6areof, s~ll be ~ivea to othee tbsa tbe Mortp~ee, exce~t b~ raper cadersement aixed te sac6 a e
_p polic~ asd approred br
Morterses. F,acb polie~ o( insarrnee ~al1 hau ~ized ebere~o r Staedard New York 11~lort~a~ee Clswe ~?itLedt Ce~tribatioo, makieg
~il lo~ or loM~ mder snch pslic~p~'able to tbe Mortp~ee as ib iste~t ms~ appe~r. In ebe evesu an wm or ~ of woaey b~comc
~ payable therennder the MortpRee ahall he~e tbe eption t~ reaei~e aedapp lr t6e s~me en aeconnt of ~ indebtedeeN Lerebr ~ecnred,
or to permit tbe MeRp~r to reuive and we it, sr ~n~ pa~t t6ereofy Kit6o~ ~rebr w.i~,~ er impsiriaa ~~w7 eqaitT, lien; or ri6ht
ander md br virtae e( t6~ mort~a~e. ia evegt of lvw er p1~7tiieal d~n~ase to the mort~aacd propeety tbt Mort~~or shall ~ve imuac-
di~te aotice tbe~sof b~ mail to the Mortpsee a~nd t6e Yort~6ee ma~ m~ke proof o( los~ it tbe uroe i~ aot made premptl~ b~ tbe
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