HomeMy WebLinkAbout1691 PROVIDEI], AL~VAYS, that i[ t~ Murt~aaor ~hall pay unto the Mort~agee the indebtedneee cvidenoed by a
ceetain pramiNOr~ noto of ~duch t6e followin6 in words und ~iguree ia a tnit uopy tawit:
' A~/d~yvys /Yo~i
s ~~~Q~QQ Miami, Florida 19 ~
FOR VALUE RECEIVED promisetopay
to the order of 1`iU ~R+~ I~.c.L.I~ ~I1d. ~+I.LrI+I;'~i+ Y. 8 M ~
~ the principal sum o ~ DOLLARS, together with intertst
thereon [rom ctace at the rate of ten percent. p~r annum until maturity, both principal and interest being payable in
lawEul money of the Unieed States at 203 Roper Building, Miaxni, Florida, or at such other place as the holders htreof may
designate in writing. Principal and interest payable in installmenu as follows:
Sitt~-ri~s (i3S•oo) Do3lars rrr ~nt~h P:ar 59 (S9~ ~~~•r
I t awutt~ ,~n ih. 13th syr ct .s+ca aqn,~ erer~r .oath. be~i.~nins +w t~ lgta
d~ o! Set~ss 1965 ~~~i mtil tM 1Sti ia,~ af ?~art~ 19~0, ,
~ at ~+hich lir~t ~e bal~a~r atrr?Il b~c~t ~ue a~d pr,~?bl~.
~
This note may t~e ~~re~~aid in ~~•hole or in part after one year lrom the date tiereoE upcm pa~~ment of a penalty
eyuivalent to two percent ot the principal suitr prepaid.
Each inscallmenc paymenc shall be credited fint on ~he interest due, and che remainder on principal; and interest
shall chereupon cease upon the principal so credieed.
The makers and endorsers of this note further agree to waive demand, notice af non-payment and protest, and
in che event suic shall be brought for the collection hereof, or the same has to be collected upon dernand oE an attorney,
to pay reasonable attorney's fees for making such coliection.
Deferred payments hereunder shall b'ar interest at the rate of cen percent. per annum Erom macurity uncil paid.
This note is secured by a mortgage oE even date her~with and is to be conscrued and enforced according to the laws
oE che 5tate oE ~lorida; upon default in the payment of principal and/or interest when due, the whole sum of principal
ancl in~erest remaining unpaid shall, at che opuon of the holders, be+comt immediately due and payable.
eRT T r ~•~TT.'~F'R (SEAL)
l~:L i~rILDER ~SEwL)
and ehall perform, comply with and abide by eac~ and every the ~tipulations, a~+eementa, cor?ditiona and covenante of
eaid promissory note and of thie dced, then thie deed and the eetate thereby created ehall ceaee and be nnll and void.
1. The Mortgagor hereby covenant~ and saroes:
( a) To pay all aad ~ia6ular the prineipd ~nd imerest and sther soiw st msae7 pa~~b{e by ~•irtne o( wid promiswry ovte ~nd thie
deed, or either, promptly on t}x ~r rdpectivtly tLe ~rme ~as11~ betome~ dne-
( b) To permit, commit or svl[er no ~va~te aud to maintaiu t6e impe'ovementr at dl times in r et~te oi 6ood tepair ~ CORd?[lo0 ~ and
to do or permit to be done to Nid premisa not6in t~t +rill alter or ehufe the +nre asd eha~weter at raia prspeQtr or in w~ way
impair or weaken th~ secnrity of thie mort~a~e. An~ ie cue ot tbe refmd, ne6lect or inabilitp o~ tbe llt~rtpaer te repar aod mrintaiu
uid propertr, tht Mortpree rnar~ at his oation, make ~~eL rep~in or ea+~e tLt u?m te be made. sAd adraoee mentT~ in tb~t behalf.
(e) To pay all ~ad sinsnl~r the uxa, as~asmenu, levies, liabilities, snd nbliptions oi ever~ aatare oo aid deaeribed prepcrty eeeh
~nd every w6en due aad pa7able sseoedin6 to law, betore ide beeome dslinqueat, sod to rdelivor t~ tbe Mort~a~ee on or be[ore March
15th ot each ytar u: eteeipts evidencin6 t6e p~ymcnt of dl ~wfnU7 imposed u:es for the pre~din~ akadu yar; to iademnif~ lbe
Mortsa6ee upon his demand ior all taxes, wertnentx aod elur~er t~rt mey bt askseed upon tb» mertar~e en t~e indebtedeete secured
hereby, rnd p~id by the mort~aRee, ~vithout re~rd to ~nr law beretofore enacted or hertefter te be enacted impwin~ pqment of ihe
whole or any p~rt theren! upon thc Mort6a6ee.
( d) To pq all and ~inaular t6e costs, char6es and e:peose~, indudioa law~en tcea md ~bunct ewb re~oeably iaenrred or psid ~t
anp time by the Morts+rgee because ot the (~ilnrc oe che ~r[ of ~he 1don~asor to pecfoeYn, eomplr wid, ~,+d .bide br eaeh ansf every
the stipu(atioos, aEreementa, eonditione •nd eovewnu ot s~id promissory note and this deed, or eitLer, ~ed every eueL paymeot a6s11
bear interdt (rom date ~t the nte o( ten per centam per aaaum.
(e) It ie further covenanted snd aEreed by raidp~ rties tbst ia tbe event of a 6nit bein6 inrtiwted ta forcclo~e tLi~ mortaa~e, tbe Mort-
~aee shall be eutided to apply at an~ time pead'~us sueh iorarJa~ire sait !o slhe ewnrt 6avia6 jurirdiction eLe~ed' far t6e appeiolment
of a receiver o( all and sin6nlar the mort6a6ed p~openy, and of all rcuss, incamt~, pra5t+, iana u~d rovenae+ tbereot+ irom wLatroever
source derived; and tbereupon it i~ 6crebr expcepl~ eovenaated ~nd •6reed tlMt t6e Ceuri shal! (srthwitl~ appouN soeb receiver with
the oaual powero and dutid o[ receiven in like rara; as~ a~id ~ppatu~nnewt ~11 be mtde b7 tbe eouR a~ a mstter of atrict riaht to
the Mart~a~ee, and withont rcierence to the adeqnacy ar in~dtqa~t7~ oI the v.lm ut ~he pro~erty ~ereby ~n~cr~a~~d, or ta tbc wlvency
or insolv~ncy of the Morea.a~rs or ¦ny other party deftndtnt to sach suit. The Mertp6or 6ersb~ ~peei6tally waives the ri6ht to
objcct to the appointmer~t of a reeei~~er ae afores~id and 6ereb7 espre~sly conaente t6rt taeh ~ppointment s6a11 be rnade +u an •dmitted
equit~ and u a matur of sbsolute risht to the Mortp~ee aod t~t the same ma7r be done without eotiee to the Mort6a6or.
(f) If toreeiooure proceedinas ehould be instituted ipint tbep' openy eovtred by this mort~t~e aipan aa~ otber lieo or claim whether
a1leEed to be superior or junior !o the lien of thu mertp~e, the Mort6a6ee m~q at hie optioe immedistely upon imtitution oi such
suit or during the pendency thereof declare this mon~~{e snd tbe indebtednas ~ecured 6ereb~ dne ~nd p~~able farthwith ~nd may ~t
~ its option proceed to forecl~ee ihi~ mortFage. '
(6) That tLe ASortEa~or will letp sll rtal and peraenal propert~ now or hernher encumbered br the lien of thie mort~a6z ineured
ae ma~ bc required from time to tune bq the Mort~aee ~ptinst loa b7 Srt, winds[orm snd other hasa~ds, caswltiu and contin~enci~.e
for snch periode ond for not leas tl~an snch amounte u ma~ be required b tbe MoR6a6ee and to p~r prompdy wlun dnx all premiume
for •uch imur~nce. The amounu o( insuranee reqaired b~ tlre'[ort~a~ee ~l be the miaimam amounte for which said inauranee ehail
be written and it ahall be incumbent npoo t}u Mortg~sr to maintain sneL ~dditional iosarance a~ mar be neeasary to meet md conxply
fully with all co-inaursnct rcqairements contained ia aid polieier to the ead t~t tbe ~aid 1Nort~~or ie eot • taiasaror therennder.
Insurance e6a1}' be wriiten by • eompany or eomp~eie~ approved or deai~ted b~ tbe Mortp6ee and allpo licies and rene.wala thcreof
shall be held by the Mort6a6ee. All detriled desi~tionr b~ tbe Mort6aRor whic6 are aecepte~ b~ ths Mort6a6ee aiud tll ~~reeu~eota
between Mort~6or and Moet6a~ee rcl~tins to insnraee, dow e~[i~tin6 on c~reaftor made~ skull be in writieg aad s6all be a pan o[ thie
mort6age a6reement as fuily ~a t6ough ~et forth verb~tim herein ~nd ~hall 6ovecn both partics hereto and tbeir w«eason and aeeixne.
No 9ien upon ~n' d aaidpo litid of inauraaee or upon an~ relund or return premium .+hich may be Payabie on tht uneellation or
terminuion thereof, shall be Riven to otber than tbe Mortsase.e, except by proper cndoreement af6xed to euc6 polic7 and ~pproved by
blon6a6ec. Each policy at insuranct 6~II IllxE al6xed tlsereto • Standa~d New York Mort~ta6ee Clauee withoat Cootribution. making
al! loe~ or lossea nnder euch polie7 payable to the Mart6asee u ih intersst moy appear. In t6r. event an7 enm or snau d~noney becomc
pay~ble th~reundcr t6e MortgaXtt ehall have the option to ceceive and rpply the eame on account of the indebttdness hereby secur~d,
Qr to permit ths Mort~aRor to receive and tue it, or any psrt tLueaf, witbout ttiereb~ wairin~t er imp+iirinR an~ eqairy, lien; or risht
under and by virtue of tLi~ mort6aRe. In event of loa or phrir~l dams6e to the mort~cssed propertr t6e Monga6or ehall ~ve immt~
diate notice thereof b~ m~El to the MoR~see and the ortsa6te may make pronf of loes ii the wmt ia not mAde promptly br ihe
~rpK 1~5
4~9 , ~