Loading...
HomeMy WebLinkAbout1396 Y i ` P80VIDED~ AL~AYS~ t~at ~ dra ~al! pay nnto tl~e Mort~asee thc i~adebtednees evidouoed b~t s oertain praa~os~ aote a~f ~rLieL t6e foZ1o~ iu w~ard~ uud fi~uxe~ i~ a tsue oapy tawit: Ala~q. A~o~. s ~.M F~~~, ~.~.t a. ~9 ~s FOR VALUE RECEIVED ~ ~~Z~ promise to pay co tht order of • 1 ~ ~r w ~ ~n ~ che principal sum o OLLARS, together with intereat thereon from date at che rate of ten percent. per annum until maturity, both principal and interest beingp~ yable in . IawEul monty af the United Sutes at 203 Roper Building. Miami. Flc~:ida, or at suth other place as the holdtrs hertof may designate in writing. Principal and intrrat payable in installmenta aa follo~ws: . ~ I . ~ .r~ a~"a~r '..~t'r`~ ~ ,..~r~i ~t i" ~i. This note may be prepaid in whole or in part after one year irorY~ che date hereof upon payment oi a penalty equivalent to two percent of the principal sum prepaid. Each installment payment ahall be credited firat on the interest due, and the remainder on principal; and interest shall chereupon cease upon che principal so crediced. The makers and endoraera of this note further agree to waive demand, nocice nf non-paymenc and procest, and in the event suit ah~ll be btought for the collection hereof. or the :anne has to be collected upc~n demand oE an attorney, co pay reasonable actorney's feea for making auch collection. Deferred payments hereunder shall bear interat at the nte of ten prrcent. per annum from maturity until paid. This nose is secured by a mortgage of even date herewith and is to be construed and enforced according to the laws of the Statt of Florida; upon default in the payment of principal and/ar interesc when due, the whole sum of principal and inceresc remaining unpaid shall~ at the aption of the holdtrs, become iramediatel~r due and payable. ROBERT J. GRIi~'ER (sEAL) ~~~I~n~ Z rR~~ ~.SE'~.~ and ahall perform, co~npiy with and abide by eaeh md eve~ry tha stipnlatia~as, s,~reementa, conditions and oovenanto of eaid promieaory note an~ of tbis dced, then tLis deed and the estate thercby creat+ed shall ceuE and be nnD and void. 1. The Mortga~or Lereby oovenar~b ~ad ~reea: (a) To p~r all ~d ~in~tlar t6e ptireipd and interat ~ed ~t6ar s~ w•oe~ p.~.bk br ~irtoe of nid pc~iworr oote and t5is dccd, oc eitber, Prospd7 ~a tbe d~Jrr rapeetivd7 t6e sart Niraeail~ betome~ dae. ( b) To permit, eammit er w[er a~ ~?ate ud to mai~ai~ t~e i~oprrveme~q at alt tima ir a rt~te ~f ~wd repair ~ esediti~n; and to do or pertait to be d~ne to Mid premira not~in ebu wiA aker ot e1~w~e tbe we ~wd c6~raaer af wid pnpe~ty er in an~ way itapair oc weakea t6e ~etorit~ ~f tiw martp~e. ~ in we of ttie ra(arl, ~leet K iM4i1~ ~t tbe l[~etppt N r~air ~od mai~tain said P~P~n7, ~r. ~ bir ~ptisa, sAaiue wel~ e~epsn ~r atwc tLe wu~e ti be r~de, ~d si~rc,e mee~e~r in e~t be~lf. ( e) To pay all and sin~ul~r the uxa, weNmenta, levia, liabilitiea, wd obliptieo~ of eve~ Mtar~e ~e Mid ieKiibe~ pnpcrtr eaeh •nd every wben due aud p~~drle u~ t~ l~w, ~d~e+e~ ?eeome aad te ~idi~mr t~ t4 M~rt~t~ee ea er befsre Mareh 15th ot cach ~ear wc receipu evidenc~ t6e pa~Aeat of ~li V+~efullr 6n~tua fo~ the peeoe~or alead~r 7ear; es indemsif~ the Mort6a6ee upoa ha drmaod for rlt tuea, warrnents aed e~rpr t6~t mar be ~s~aeed npen tIw r~rtp~e ~o tbe ia~3ebtedaee~ Matartd hereby, and paid 67 the mort~aaee, withoat reaard te any ~i:v ;w.eioiorc eoaeiied or 6ereafter te be ew~cted iapotie6 prymeet of the whale or an~ p~rt theree( opon thc Murt`agee. (d) To pq ~I! aad da~nl~r tLe cwta, e~ar6d ard eupee~ta, indudia6 Lw~en' fea ~ed +~bwact eo~RS reasoe~bl7 inenrred orp~ id st anr time b~ tbe ]Idortsa6cc becaus' ~f +1+t [eilurt ~aa ths ps:t tFwe Msrtp6or to pertarsn, c~mpl~ witL ~od abide b~ areh and every the ~tipulatioos, rsreemeots, conditiom and covewnts of wid proroiswq note sad lhis deed, ~c eitLer, asd e~err weL pqment sh~ll uear iaierat from date at tbe nte ot ten pGr eentam par aas~m- (a) It is fast6er evvenanted u~d a6resd b~ ~aid a tb~t io t6a eveat of ~ enit beia; iredtoud t~ iereelere tkia mortaa~e, tLe Mart- sa~ee ~Lali bc entided to appi~ at ~a~ time pe~~ web foreelaim'e ~it te tk ea~u~t ~avis~ ~ari~ieti~e eties+ed for t6e ~pp~ietmrat of a reeeirze o( ~11 aud sinp~lar the morti~l~ D~P~+tY~ ~~t ~1l rta~b be~e+es. ~n5b. i~rua ind ~a tbere+~, Gom rrL~tNerer sonree derired; and l6eroupon it i~ Lcreb~ e:prerl~ ~re~uted a~d aQeed tLt tbs Gort ~l! frrtbwil6 ~ppoi~t sach reeei~er with the waal pow~en ud datie~ of rxeiven in lilce eMee; e~ rrid ~pofi~m~l s~il be m~e b~ d~e eonR n a mattu ot ~erict ri~ to the Mortsa~ee, aad ~rit~oot reference to the adcqaac~ ~r lu~dtqaaer of t6e vaine o( ebe properq 6ueb~ monr~arged, or to thc w)vency or ia~olv.,ncr ef tbe Mort~a`on or any otber p~rt7 dateadt~t to snch sniG 'Y'6c M~rtp6or bereby speeiStali7r waivd tbe ri~ht to objsct ts t6e apSwi~aent o( a receiver as ~[orwid ud Lereb~ esprcMly c~nse~g tl~t ~aeh ~p{wintmeat ~all be made aa aeo admittcd equit7 ~ed ~ a arner oi ~beolnte risht to tbe 1Kortp/es ~sd tir?t ihe s~me m~y be dooe ~?ilMut ~tice te t6e Msrtpsw. (t) If foreelosnre proceedin~a :hoald be in~tituted a~K t6e y cora~ed b~ iLis nuortp~e apow ae~ atbu tien sr c4iw w6et6er ' alle6ed to be superior or jnnior to the lien d tbis mvrtp.e, t~ortga~et ma7r at 6u option immedi~telr npon inatitation of such snit or dnring ths psssdesuy t~sesec~f d~clare this mort~oe aad t6e indebtcdneN ~eeared 6ereb~ due wd pmble t~rtb~ritb rnd roay at ~ iu option procetd to foreelwe this mor4aa~. (6) Tl~st the Morxpgor will Iceep all real ~od per~sed pr~erq nwv or bcreafter ~eacumbered br thc lien of thia msrt6a6e iewured aa ma7 be required from time to time b~ tLe 11IoKp~ee ap~ie~t 1ow b~ 5re, ~si~btorm and otber 6~aarda, usnalties and cootin6eotite for sacb period~ uid for not leaa t~an ~aeL amsnwa as ~y be rel~ired b]r t6e 11[ortaa~ee and te pq Prompdy ~vhea dae di premiums for rneh inaurauca T6e amounu of itrowraeee reqaired b' tLe ]L~ort~~de ebrll be t6e minimam amoun4 for rrhit6 aid insgrance tball be written and it s~ll be incnmbent npee tLe Mostppr to s~tidain ~seL sddilioa~l inwrame o may be necea~arp to meet ~od coeuply full~ with all eo.iraur~nee ceqdremenb eontai~rei i~ rrid ~ieie~ t~ t~ ead t~t ehe Mid M~rtpEor ia aot a eo-ipauror tbereander. Insannce slulr be written b' a compsnj or~ sppeo •ed or deri~ced br tLe Mort6a~ee and .It~policies an~ renewala thereo( ahall be Leld br t~e Mortp~et. A11 detsiled deeiptliser ba tbe Mortp;or ~rhic6 areaoeepted b~ t6e Mortpaee and all e~mte bctween Monp6or ~ad Mw~tp~ee relatisa t~ iawr~, row a:irtia~ vr hereafter made, slyll be ia writing ~d r6all be • part o( this mortp6e ~6roemeu! a fall~ ~ tbo~sh ~et to~th ve,sbrtiru l~erein md rh~ll sdvers botL portia here~o and tbeir weeason ~nd saigns. No lien npon r~ d widps lieia of insnraace or apoa m~ rdand or rtturn prtminm ahieh mar be p.rable on tbe cancsllgtion or termiaatioa tbereof, ~ll be 6iven to other tbar tbe Me~tp~ exeept b7 proper endorsement ~'oced to sacb polic~ aad approvcd by Mortpgee. Each poli,cr of iwnrapee r6a11 6a~ce aL~ed' ~ercto a c••z••~~•.s w~•v- York Mort~a 6ce Clanec witbout Cooeribntion, m~ioa a1l lo~e or lowa ander meh polic~ 7~ble to tLe Mort~ree as ib iiuere~t rosy appear. Ia t~e eveat an ~am or snm~ o[ morxy becomc h p~~ parable therennder tbe MortpRee ~hall have the option t~ reoeive and appl~ the eame en aeeonnt o( ~ indebtededs herebr ~ecnrcd, or to permit the Mort{~aser to recei~e aad tue it, ar anr p~K t~ereof, witLont tbereb~ w~ivin6 or impairio m~ eqaity, lie or ri~ht under ~od by virtne d thu mort~ase. In tveot o[ loa or pL~eical dama6e to the mart~rsed properq tbe ~ortsa~or shaU ~rve imme- di~tc notice thereo[ b~ mai! to the Mortaagee aed t6e Mort6a6ce m~p make proof ot loa i( tbe wme is oot made pr~mptl~ b~ tbe B~ur ~ ~~5 ~ 1~.5 _ . . , _ _ r ~