HomeMy WebLinkAbout1905 ~ r~~
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PROYID~ AL~AYS~ s~.t it ~e ~[ee~~.~or .6.8 ~~o ~e Moreaa~ the ;ndebe«lnees ~videp~d br a
eertai~~e+a~siMO~ ~c~s of w~na6 tbe folbwi~ i~ w~ard~ a~d 6gure~ i~ ~ aac ea~~ tawit:
~f/a~qe9. Ne~.
S~
s.~.~S4~!! ~t;~. xio~aa ~t xT~ i~~ "
FOR YALUE RECEIVED 1t~. ~w ~ ~1T _pmrniaetopay
co cht order of y~,g( j~,,,.;~~~,y'$.;~i -
the principal sum o • DOLLARS, togtthtr with intaat
chercon trom date at che race d cen percenc. per annum uncil maturity, both principal and inceresc beingpa yable in
lawful money of the United Sutes at 20S Roper Building, Miami. Florida, or at such other plact u the hvldtrs hcreoE may
designate in writing. Principal and intenat payabk in installments aa follows:
~ar t~•oo~ ~all.s+. p.a~ sa~,iia ti~ aat ti.
~ 151~ M~ at As~o1~. 196~j, aii toati~i~ aa tit~ 15tb
iyr at ~it aa~ ~~o+s~ ~til ~aid iu t1all.
This note may be prepaici in whole or in part after one year froin the date hereof upon pay~nent of a penalty
equivalent to two percent oC the principal surn prepaid. S
e F:ach installment payment shall be credited first on the intenst due, and the remainder on principal; and intcrest ~
~all thereupon cease upon the princapal so credited.
The maken and endoraers of thia note further agree to waive demand, notice of non-paymenc and procest, and
!n che event cuit shall be brought for the cotlection hereof. or the aamt haa ta be collected upon demand of an attornty,
to pay reasonable attorney': fees for making wch collection.
~ De#erred payments hereundtr shall bear intenat at the rate of trn percenc. per annum from raaturity until paid.
7'his note is secvred by a mortgage of even date herewith and is to be construed and enforced according to the laws
of tha State oE Florida; upon drfault in the payment of principal and/or interest when due, tht whole sum of principal
and inttrest remaining unpaid shall, at tht option of the holders. bccamt immediately due and payablt.
WhL~~r.R .~IGURSKI (SEAI.)
ivTi.LI,IE Si.T~~ FIGURSKI ~s~)
_ aad ehall perform, coraply with aad abide by each and every the stipuiuions, aareeemente, concUtions and covenants of
eaid promiesory note and ot thia deed, then this deed u~d th~e estate theceby cre~ted ~ball cease and be anl~ aad void.
1. The Mortgagor 6ereby covenants and s6rees:
(a) To pq ~ll ~ad wn~r tbe priwcipal and i~erat ~nd Nber sraw ~f m•4er p.~.bk yr virtut'oi Mid promiswry oote and this
deed. o~ eitLer, P~odPV7 an tbe d~~s rapacti~ala tl~e ~e ieraraliy bee~nd doe.
( b) To permit, eommit or adu no waRe rrd te mrimaia tLe irps~vemeats ~t all times is a ~tate d~sd rop~ir ~ e~nditi~o; ~ad
to do or ptrmit a be drne to ~aid p~emite~ nottiib tMt .~vill alter or t~~e t5e a~e ~d e6araetet of ~id pnpa~tr sr iu anr way
impair or wtakeq ~tLe ~sc~eiq ~f tWs mortas~e. ~ ia we ~t d~e tdwl, se~{set ~r is~bilily ~t tbe 1i[~rtp~+r t~ re~air ~d maintaia
wid proPtrt7, ~~~i~i'a ~l?, n hir +P'U+e, wke weh nep~irs sc caore dre 4une t~ 6e wd~, ~d ~i~wwae a~rne~t 'se ehrt bebali.
le) To pay al! ind u'n~t the taaea, wea~pneat~, levie~, Wbilitiu, ~nd ebl~ptiws ~f everp Mid ie~eribei rr~pert~ aeh
aad every wben doe u~d pnrable seeordio` to L~?, bdore 6ecome delisqaeay sed te ,delive~ tw tbe ll[Ktpp~a o~ ~r bdore Marc6
15tb o[ each ~ear tau reeeipb evideacip6 the p~7e~ent ~f all a1l~ iapa~ed taup (or tbe preeedia~ t~te~r re~r; t~ inderuaiir tbe
Moct6asce upon h'sr demand for all tRacea, aa~arrncnts md +tLar~er that may be ~awsed uwon this r~etp~e ~a t6e iadebtedeeee ~ecnred
hereby, md p~id br the mortp~ee, ~vitho~ re6srd to rn~ laM? 6eretetore enaeted or 6er~after to be eaocted i~p~sia~ p~ynueat of tbe
whole or an' p~ct thereef upon thc Mortp`ee.
( d) To p~y alt ~od dn6nlar tbe cosu, cbar~n ~nd upee~a, isdudins ]rvrrar' teee and abstratt eaM~ ea~oeabl~ ieeurred arp~ id ~t
anr ume br t}~e Mortrr~ce beeanse ot the tailure oo the p~rt d the Mertp6or to Pedorw, ea~+Ptp wit6 md abide b~ we6 sod every
the stipulatioas, asroemeats, eonditiona and covenant~ ot s~id yKOmisoory oote ~sd this iieed, K eitker~ aed e~eq web pqment duill
bear interat from d~te at the nte of ten per centwn per
(e) It ii fartlrec eoveeanted snd ¦~reed b~ raidp~ rtics tL~t ie tbe eve~ of a ~nit beis6 iw~tituted t~ f~reclo~e thin mortp~~e, tbe Mort•
p;ee shdl be ec~titied to spply at tiwoe pe~d'm~ ne6 t~redewre~ arit ts tbe ew:t h~riK jnri~dietioo tbe~a( for t6e spp~ia~eot
of a receivcr o( all aad sindnirr the mortp~d prspertr. wd e( ~11 reat~. ioc~. pro6e, i~ad ud rer~ tbe~~ai, Erom ~vL~u~ever
~onrce derivea; ae~ t6ereupon it i~ her+eb~ exprra~t~ eove~atad snd ap~eed tLt t6e Gutt dwll E~rtbMitb app~9at sueh reeeivw wiih
tbe ~1 powen ud dutie~ o( meeiven in like era; ni Mid appo~oe~ wYl be maae by tLe eonrt ~ a mstur ~f ~trict ri6bt to
the Muirt~a~ee, snd witbawt roterence to tht adeqaacy rt iwrdeqwep of t6e v~lae of tbe propertr LerebJ morr~sed, ~ to tbe wlvency
~ or insslv~ary of the Mort6sgon ar an~ ot6er party ddendret !a snch Fni~ Tbe B~~rtp~or 6er~b7r speei6aily wai~es tbe ri6ht to
objcct te the app~iwtment of ~ receivet ~s atoretaid aad herrb~ espreasiy eomeeb tbat ~ac6 sppviotment ~6a1! be msde ~a ue admiaed
eqniry usd n a matter of absolute ri~ht to the Moctp~ee ~ed tL~t tDye same roa7 be done ~vit6oet sorice t~ tlMe lllortp~ae.
lt foreelosnre proceedin~s should be iastitnted apbrR tLepr~e rty eovered br tbis mort~e~ ~s ~ otLrx lien ~s claim w6et6er
alle6ed to be superior or junior to thc lien of t6i~ o~ertp~e, tbe Mort6a~ee m~~ st hi's option imtsedietely npoo imtitution of •uch
suit or durinK the pendency thcreof deciare this mortp~e aed t~e indebtednen ~ecnred 6ereby dne and ~yable fscthwith and fnay at -
~ iu option procud to forcr.lwc this me?t6a~e. - ,
( 61 Tb+t the Mnrt6a6or will keap all rad md perssoal propet~U~ now or hereafter e~cumbertd b~ the lien ot thi~ roertaa6e insured ~
ae mar be requirtd irom time to time br tLe Mertp~ee ~pfwt Iv~e by 5n, wiod~tosro and ot6et hRS~rde, esswltid and Cantin6enciea
for ench period~ and for not leas t6an soch uno~e~ ~n tsn Le r~irod b7~ t6e lltortp~ee and to pq prompdy r+6en doe ~!1 premiame
for ruch ineurance. T6e unownts o! iwnrsnct ceqieired b~ tLe ~o+t~p~e ~rll be tl~e minunms amounts for w5ic6 wed inwraate shrll
be written aad it ahall & iacambent npou tbe ]Il~tppr te w~i~ia ssei sdditiow! in~araoee ~s ~na~ be neceuar~ ta meet aad eon~ply
tully with all eairuar~nte reqairemenb co~iaed in Mid pvides t~ t6e e~d tLrt tbe ~sid ~ortp~sr u wt • ee-iawror t6erewnder.
Insurance a6alt be arittea b~ a eompan~ vr o~wie~ ~r desip~taa bT tie Mort~Bee aad allpo
t'ieies ~nd reac~rrls t~ersof
•hall be held br tb~ Mortp~ae. All deniled derip~ti«r t6e Mortp~ rrhieh arese~pt
ed b~ the M~rtg~~ae rnd all a~re~nxnes
benreeo Mo~.6asor ~nd 1[ertp~se relrtis~ ts iwaxasee, r~r es~tia6 or F~tter mede~ ~tl be in writin asd ~6all be a prn of sbis
mon~e ¦~rouoeut +~s fall7 ~s tlwn~h ~ forth verbstim ~eia ~od ~rll so~eru both p~rtiea htreto and ~ir ~accea~on wd aaiEna.
No lie~ upon at saidpo lieies af insuc~ace or apon u~ re(nad or return prea~imn whieh ma~ be ~a~abte oa ~e ceacellation o~
termioation thereof, sh~ll be 6iveo =o otber tbae tbe Mettp~ee, eucept br~ proper eadenemnent a~czd to eaeb polic~ aad approved b~
MoK~.aee. E.e1, pel;er at in~nr~nce sLall hue ai~ced tLereto a Stand~rd I~Iew York Moet aet Clanx wit~ost Costribntion, m~king
•il low or Iwsea mdtr sneh polie>p~ >~ble to tbe Mortp~ee a it~ interat msq ap~r. In ~ eveut au sam or sa~s of monep beeonic
pay~ble thereander tbe MnrtgaRee shall bave tbe optiou t~ reoeive and apply tbe ~ame on attoant of ~ indebtedne~s bereb~ ~ecntcd,
' or to pcrmit tLe Mort~ssr to reteive and we it, or an7 p~rt t~reo(, ~?itbont iherebr waivin~, or impairie ~er eqnitY, lien~ or riRht
nnder and br rirtne o( this mart~ase. In event ot Iorr or ph~sical dawase to the mortResed properq t6e ~ortp~or ~hall pvt immc-
diatc notiee t}~ereot b~ mail to the Mortaa6a and tbe Mort6s6ee m~y roake proot of loss if tLe wne ia sot m~de promptl~ b7 the
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