HomeMy WebLinkAbout1360 P$OVIDTI~ AL~AYS~ tbst it the ~[attaaaor ~aB pa~ anto tbe l[urtaa~ee t6~ indebtedneee evidet~oed b~ a
oes~tain prnr~siwr~ aate af wbnah the fdl~ris~ iw ~rerd~ and 6~uura i~ a tsne oapy tawit:
~
I~Al~Op1 ~O~
S~~+m Miami. Florid~ lusl~ 19~
FUR VALUE RECEIVED Pr~tOP~Y
ca che order oE ~ i i
the principal sum o LLAR5, togethet wich interesc
ti.
'~ereon from date at the nte of ten pet~cent. p~ annum until maturity. boch principal and interest be~ngpa j~tble in
lawful money aE the Unittd Sutea at 203 Roper Building. Miuai~ Florida. or at such other place as the holders hereof may
designatc in writing. Principal and interest payabk in insullments aa follows:
rae~? (~D.00 ~iLasr? 1~i~ti~tt aa 1~ 1~ ~ly? o~[
~y~~~ 1~5~ ~i ~aatir~rda~ o~ 1M l~t iq ot M~el~ as~
e~ ~attla tl~r~t~r stil ~ai~i i~? l~11.
This note may be prepaid in whole or in part aEter one year trom the date hereof upon payment of a penalty
equivalent to two percent of the principal sum prepaid.
I Each installment payment shall be credited first on the intertst due, and the remainder on principal; and interest
I shall thereupon cease upon the principal so credited.
The makers and endorsers of this nate further agrec to waive demand, notice of non-payment and prottst, and
i in the event cuit shall be brought for the collection hereoE. or the aame has tn b~ collecced upon demand oE an attorney,
I to pay reawnable attorney's fees for makirag such collection.
Deferred payments hereunder ahall b'ar intemt at the nte of ten perctnc. per annum from maturity until paid.
This note is secured b}~ a rnortgage of evtn d~te herewitln and ia to be construed and enforced according to the laws
of the State oF ~'lorida; upon default in the payment of principal and/or inttrest when due, the whole sum of principal
ancl inceresc remaining unpaid shall, ac the opaoa of the holders, be+come immediately due and payable.
;~utl,~'H ~ . W~~iIT~ (SEAL)
~s~t.)
snd shall pedorm, comply with and abide by tach and evrry tbe dipnlationa, a6reemente, conditiom and covenante oE
eaid prnmiseory note and of this dced, tbea this deed and the e~tate thereby created shall ceaae and be nalt +~d void.
1. The Mortgaaar hereby ooveaaatn antl a~+ees:
Ta pq all ~ed sinsolu tbe priscip~l and istarrat md ~th~ son~ d mwey pqable b~ virtoe ef Mid pnmiswry notc md thi~
3eed, or eitber, Promt+d7 en tLe dqs e~peeti~d~ t6e ~aroe Mrren117 beeome~ dae.
( b) To permit, e~mmit er w[cr ue ~v~te aad to maintais tLe iopc~vmerts at all timea ie a atue ef `usd rt~ir a~ c~ndid~n; snd
to do or permit to be daoe to wid premu~es netLir` tL~t w~iII dter K e~nps tbe ~e aod eh~rseter a( aia pr~perq ~r ia an~ .vay
impair or weakes the ~ecwrit~ ot tLi~ m~rtp~e. Awd ;s ede d tbe ntasd, se~ sr i~bili7 ~f tie M~etpp~ u n~:r aed neairtaiu
uid propertp, the ll~orti~i~ ~+7, at his ptioe, make s~c6 rapin ~r ua~e t~e wne ta be m~de, a~d aii~aice m~ ia t~t be.b~lf.
n
(e) To p~r all md sin~nlar tbe wcea, awea~neets, leria, li~bilitiea, and oblipti~ ~i ev wrtrre ~n aid iwsibei acb
and every ~*hea doe and pqable aae~dia~ to 4~?, bdere Meoame delisqaeat~ ani t~ ,de~~ee t~ d~e ~[~rtp~ee oa ~r sre March
15th of e~eh year ttY reccipu evidencina eLe pqment o( d~nllr impeaed taza for t6e preee~ ale~r ~ur; t~ indemaii~ tbe
Mo~rt6asee upon !w damaed for all tasea, aae~meau and eL~r~ that may be ~ed upen tiis rrsetp~e is tl~e irdeMebseer ~ecored
hereby, md pRed br tbe ~ort6tsee, w~it~em rep~d t~ ao~ Isw beeetef~re eweted or berea(te.~ t~ be e+~reted i~PM~6 P4~~ of t6e
whole or any psrt therout npon the Mortp`ee.
( d) To p~~ all and ~iaanl~r tl~e co~ts, eLar~a md ~zpe~s, ieduding Lw~wi fea ~ad abstrret eap re~eonrby intnvred erp~ id st
ao~ time b~ t6e Mort~aaec because of tbe (~ilnre ea tLe psR o( t6e F~srtpsor perform, eauptr r?it6 ~d ~bide b7? aiel~ aad every
the stipulations, ~~reemeats, eondition~ and covensnU d Mid proroiaoq oote ud tbis deed, K eitLer, ~sd eveq web p~ymeot tbrll
bear interat fr•m drte ac the rste of ten per ceat~n pear ~asme.
(e) It i~ fort6es eaveeanted and aEreed b' widp~ rties tbat ia tbe eve~ of • snit beia6 iMtitnted t~ f~reeaese tL'n mortpae, tbe Mort-
~ee shall be ~ntit4d to apply at an~ time peadiu` wc6 ~~red~w~e+e wit t~ tbt ciars ~ jnri~d'ietien a~erert (or dae ~auosc~oR
of a reeei~er ot all and un~alar the mostirs~ P~oPr+~7. ~nd ~t d! ~ iue~. Pro6ts. i~ ~sd rt~ea~ea tl~erevt, trom . ~~R
sowee derived; and tLereupon it i• hcreb~ e~ruslr e~ve~ated a~ad asreed tV! tbe Cwart ~rll f~ ~p~peirt ~~eh e+eetiver with
t6e nan~l porrcn ard dutia of reeeiven in like ea~e~; u~ Mid appommeM ~hdl be m~e b~ die conR r~ aaRtu ot ~triet ri6bt to
the Mart6aaee, aad w~it6oat referebce to the rdeqnacr or iaadeqa~er af t6e vdae of tLe prvp~erit7 6ueb~ mart~a;ed, or to tbm solvcacy
or inwlv'ucy of tbe Mortp~on or ~nY otber p~rt~ ddeodr~t M such sni~ T6e M~rtp~or ba~b~ speeiBall7 wsives tbe ri~t to .
object to ebe ~ppoi~ment of a receiver u atoreaaid aa~ ~ereby erpre+slr cemea~e ihat ~aeh appointmeat sLail be ~idE q bl iattlttitd
eqnitr end as a matter of absoinu ri~ht to the Mortp~aa sod RLst tbe s~e ma~ be done v+itbont e~tice te tbe ~[~etp`or.
(f ) If foreclosnre proecedings shonld be ia~titmed ~pirt tbep~~pe rty tovered br this moetst~e yw~ ~ ot6~r Gee or claia~ w6et6er
alle~cd to be cupecior or jnaior to the leen d this o~~rsp~~e, t6e Mort~a6ee tnay ~t hii option imroedi~tet~ npoa inetitution st ~ur.b
~ait or duriaa the pendeuey tl~ereof detlare this mort~~e aed iLe indebtcdnea ~eenrad berebr dne rnd pr~ble f~rtL~rith and mar u
its optioa proeced to fdnelo~e thi~ mort6ase.
' 11sst the Mortsraer will keep all red aod pers~sd property no~r or 6ereafter eacumbe~ed b~ the lieo of t6i• m~rt~Ee iasnrod
ae ma7 be rcquircd from time to time b~ the Martaa,~e apiau 1NS h~ Sr~e, wind~vrm aud other 6~ss~de, dwtaltia ao~ centin~encia
far sach perioda and for not Ida tLsn aneh rms~mt~ a~ ay~ tie [eipired bZ __tbe Nortp;ee aad to pa7 Prompdy wben doe a!i preminme
ior tueh ii?aunnee. TLe amounb of iowrance reqai~red ~ tM ~tt~~ee ~ll ba the minim~? amounts tor w6icb said imun~rce rha!!
be wririen and it sball be incnmbaat n{wn tbe Mo~tppr t~ ~iatain ta~ sdditioerl inr~ranee a~ msy be ntcewar~ to meet andromp
1'
full~ with all eain~nnnce re~uirements cvataioed in wld p~iieM~ t~ die aed tb~t tbe ni~ Aia*t~aior u not • caiomror tberennder.
ee po
_ Insunnce s6~tr be writtea b7 a companp ~r eNr~sie~ ~r ded~aM~ed b~ tht MKt6s~ee aod all licia ~nd renewais t6crcof
shall be held b~ the MoKP6«. All det~iled denpNeiw d~e D~ortp~ wiiich a~ b~ the Mertp~ee ~ed dl a6rem~eon
betwcen Mortp~ot rnd ~ert~a~ee rclrtin~ U~ ieneree, wwr ~siting ar beredter madc,~!
~ in writin~ ead ~hsll be a p~rt ol' this
mortpae a6reement a~ fa117 r t6ea6L ~et fo~t1~ ver~im ber~ei~r and ~hdl 6orern both puties 6ereto ~nd tbeir wec+eMOn and aai~os.
iro i~en upan enp et raidps lieiw et iosera~e or apea u~ refawd or return premimm ~+Liclv mq be p~~able o~ fLe eaneel4tion or
terrniaaiioa tLereo(, s6~11 be ~ven to ~ tL~o t6e Mertp~ exce~t by oper eodors~eat a~zcd te ai~ poiic~ ard approved b~
Mort~6ee. EaeL p~lie7~ o( in~anace eLrll hase ~ioced tbereta ~ Ssasd~rd ~ew York Mortp ~pde Clatue witboot Contributioq makin~
al! loa or loNa ~der soeh polic~p~
7able to tbe Mortp~oe n its isteae~t m~ sppear. In tl~e e~ent sr~ wm er smmr d mooey becomc
payable theronnder ehe li~ertpRee ~hall have the optioo b reoeive and appl~ the weoe en ~econnt ot the indebtedeas bereb~ ~ecwred,
or to permit the Idort~g~r to receive and tue it, er anr prrt tLereot, withoat tbeeeb7 ~ai~ios ~r imp~rin mr eqairy, lie.n~ or ri6ht
uade~ ~nd b~ rirtae ef tD~i~ raort~Be. Ia cvent of !o~ ~r pb~sieal dama~e to the mart~~ed preptR~ tbe ~ottsaaor a}ull ~•re imma
diste notice theseaf b~ m~il to the Mort6asee aad tbe D[ortp6ce nay eoake }xoof et lo~s if tbe snoe is aot m~de prvmptlr by tbe
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