HomeMy WebLinkAbout0451 PROVII~Di, ALRISYS„ t~urt iE d~e Yaet~dse ~aq p~~r nnt~u tbe Mort~ee tl~e ia~ebtcdnas evidenr~ed b~+ a
eertai~ pra¦dMae~ iwts ~t wbi~o6 tbe [dldwir~ i ~ree~d~ aed fi~vra» R tene oop~? tawit:
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~ 1*i?'~.M ~ , ldiami, Flari~a 19 ~
FOR VALUE R~(~IVED M~• M~~ ~K~•~J romiaeto
p Pa7
to cht order af
che principal sum o ~ together with interat
chereon from dace at che.rate of ten percenG pex annum until maturicy. hoch principal and ' terest being~a y~?ble in
lawful rnoney oF the United States xt 208 Roper Building, Miami, Flarida, or at auch other place the hoDden hrreaf nnay
designate in writing. Principal and interest payable in iastallments as follows: ~
.~r tt~+.«?) ~~..~r s..~ ti.r~s • vM+ ~ 1-
l' s... i. i e, 1
l~. ~ a. ~ r. ~ i i~? i;_
at ~ aM ~wiy? r~l ~ti !n ltil,.
This nate tnay be prepaid in whole or in part after one year from the date hereoE upon payment of a penalty
equivalent to cwo perctnt of the principal sum prepaid.
Each installtnent payment shall be credated fint an the interat due, and the remainder on principal; and interest
shall thereupon ceast upon, the principal so crtdired.
The makers and endot~tta of thns note furthtt agree to waive drmand, natice of non-payment and protest, and
in the event suit shall be brought for the collecdon htreof, or the same has to be collected upon demand of an attorney,
co pay reasc~nable atcorney's fees for making such collection.
De€erred payments hereunder ahall bsar intereat at the rate of ten percent. per annum from maturity until paid.
This note is secured br a mortgage of evtn date htrtwith and is to be consuvtd and enforced according to the laws
of the State of F'lorida; upon dtfault in the paymmt of principal and/or intetest when due. the whole aum of principal
and interest remaining unpaid shall, at the optinn oE she holden, becomt immediately due and~~ay ble.
t!t ~ T. C~IlK$JaS1a (SEAL)
~~i ~.C~E{+ arBIlS9I.b"t (SEAL)
and ahtll perform, comply v?ith and abide by each and .aveiy the ~tipaLtiony a~+eenaents, coaditions and covenanb of
eaid proraiadory note and of thia dr~ed, then this deed atd the dtate thereby cmated shsll ceaae ~nd be nnU and void.
1. The IV~ortgagor bereby oo~ve~anb and taree~: -
(a) To pry ~ll md ~i6~,u,uLr tbe priseipal ~od inuraR aad ~ti~ ~a~nr .f m.aer pay.bte br virtue ot aid peymiswry uote and tBia
deed, or eitLer. pro~l7- ua tLe dan sap~ct}~d~ t6e wne ~ev~rall~ beeomd dae. .
( b) To pennit, commit or ~er no w~ate asd to maiatai0 tbe i~nprsveme~s ~t all timKS in • uate of ~ 6nod rep~ir a+d wnditi~a; and
to do or permit to be done to s~id premisa nothin tLat wili alter or eL~n~e tl~e me awd eh~raeter d pid prepert~ or in an~ wsy
impair or weaken d~e ~eevity sf ihir matyr~e.. ~ in tart ot "16e tefmal, aerlatt ~r insbtiit~ ~t tbe M~rtp6ot t~ rep~ir ao~ mairtsin
said ProP~K7~ the Mortpbee asr, ~t 6is optia~, e~ake sreb rep~in or e~nre tbe w~e t~ be m~de, ~wd advaaee m~ser ia tLu be~alf.
(e) 7'o pay all aad unE~lar tbe taxea, ~q, levid, liabilitiaa, aryd obliptia~ evc~~ nstorz ~a ~aid -de~teibe~ PnP~Y xach
and every whea dne .nd p.Table aoe~dina u w, bet~r+e jee~a~e deliaqtae~, ~d to ~deli~er t~ t~e %ortga~ae en ~r bdere Marcb
15th of ach year tax rece'Pu evide»ein~ tbe payment ot d~n11r impored tazes tor the priea~r~ia~ caleedsr ~e,~r; te indemnifr t6e
Mort6r~ea apon lw dta~and tor all ta:es, wewnenu aad e.ba~~es t~t may be asse~eed upon 1L'u nect~~e on tbt indebtednee~ ~oeured
hercby, and paid b~ t}x mort6aaee, aithoot re6ard to m~ lrnr berstofsrr. ewrted or bereafter to be eo~cted imp~ia` p~'meat of tFec
whole or ~nr part thereot upon the Mortpaee.
(d) To pa7 all and rieRniar t6e costa, ch~r6d aad tspea~es, isdudina b~r~' feea rnd abstrrct ewis reasoeabt~ incnrred or p~id ~t
aar c~me 6J cbe lHoresa6ee becruae ot the fiilnre oe t6e part d the Msrtpsor t• pertorm, complJ witb ~nd ai>ide b~ aeb ind every
t6e stipulationa, ~6reemtsts, eonditions and covenanti o( s~id promi~wrr oote and dw ~eea, ~r,eitier, rnd ertry we~ p~~mcet aball
bear interat trom d~tt at the rate of tra per eeatam per amoea.
(c) It is furtLer coveo~nted snd aEreed by widpa rtics t~t in tbe event ef e sait beie6 inetit~4ed t~ f~reclwe tLis mortp~e, the Mort-
saa~ sball be eatided to appl~ at sny time peadin~ ~aeh l~ereela~ara sait to tbe coart mrias juri~dietion ebe~Of (er tbe ~ntment
of a receiver of ~ll aod sin~alar tbe mort6s~,ed Propercy, aad ef rll reats. inee~a, pco6b, i~nds ud nvee~ta t6ene~(, (roao
w~iwwever
source derivcd; and thcreapon it i~ bcreb~ e:prdsly e~~ea~nted aod asreed tlnt tbe Gnri dwll fsrlbwitb appoint sueh rteei~er with
the wrual pov+en ard dncica of receiven in like ca~; roi nid app~irtment ~11 be madt b~ tbe coart as ~ mattcr oi rtritt ria6t to
the Martp6ea, u~d withoat reference to the adeqnacy ~r inadeqwt~ of tbe vslue of ehe propetty heteby mor[
aaBed, or to t6e wlvency
or insolveney of t}?e Mortaa~ors or any otbcr p~rty deiendmR !a anch suit '1'F~e 1Mlortaa6or bereb7 apexificalfy waives tbe ri~ht to
object to the appointment of a recciver as dordaid and Lereb~ eacprasly coneents d~at ~acb appoiotment ~6a11 be made as sn adinitted
eqniry ~nd ae a mattcr oi ~bsolute ri6ht to the Mortp~oe and ti~t the eame mar be dooe ~rithout eotiee to the N[oK~rror.
tf) If forecloeure prouedin~s iLould be iaatituted apiart tbepr eperty eovered by thu mort~6e apon s~ otLer lier ~r elaim ~rbethcr
alie6sd to t?e superior or janior to the lien of t}w ~ertp~, tbe Mort6a~ee may n his option im~oediatel~ npon iustitution d each
suit or during the pendeacy thereof declxre 4his mort~a~ ~d tLe indeMedrxss ~eeured 6ereby dne and p~rbie iortbwith aed eaay st
ita option proceed to foreclose thii mort~ase. ~ •
~ (6) That the Mortp;or will keep sll real asd penoa~l pr~pert~ now or bereafter eneumbrred b~ thc lien of thi~ m~rt6rRe iw~ured
as miy be rsguir~rd from time to time by tbe Mo~tsa~ee apinst 10~ bg firt, MIO~O~ltl and oiber hasarde, caawltia and centin~eocin
for sneh period~ md for aat las tlwn sucL amauaq a mq be reqaired bp tbe Mo~;ee ~nd to pay Prompdf wbep dre dl premiums
for such inaunnca 1'he ~movnta of inatcaACe reqoirad b~ tLe T+[ortaa~ee ahall be tbe mieimmi rmounts for ~rhich pid insarsnce ehaU
be writtea and it shsll be incnmbent upod tbe Mortda~er tv m~iataie saeb additioa~i insarance u ma~ be neceaan to meet ~ad coe~ply
fully with all cainsnranee reqairemcats co~aiaed in rid pdicier t~o tlie aod t~tt tLe .~aid Mactp~er ia m?t a eainsaror t6ereander.
Insunnce ~halr be wri~teo b~ a cempawq or eompanies ar desip~ted br t`e M~rtp~ae and a11~politia and reoew~la r}xreof
.h.ll be heid b~ che Moeesa~x. All deuited dai~.a~ Mort~asor evLich ~rea~te b~ t6e Martrpsee ~nd all a nte
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between Mottp6or and Mettpget rdstiss t~ ~erarNOte, ~ow na or hereafter m~de. ~U 6c ia ~rritin and ~hap be ~ p~re d thu
mort~ase ~areEment as ~aU~ as thov~hh ret (ortlf ~erb~tim Lercin ~nd ~11 sorere bot6 p~rties herdo ~nd ~r weceaeon u~d assi~ne.
No lien upoa aa~ ot ~aidpo licid o[ insunacr. ar npon ~a~ rdnad or retnrn premimn wbieh ma7r be pqabie aa f~e uncellatioo or
termiwtion thereof, s1uU be sivea to otLer than tbe Mortp~pae, ~ br pr~pcr endonemeM .~ed eo wch poLcr sod a~roved by
liort6asee. Each pelier ot insseance ~Il hue al6xed el~ertto ~ rd New York Mortp 6ee Clauie witham Coatribation, makiqg
all loa or Iwsea ander snch polic~p~ r~bie to the Mortsa~ee s~ ib iaterat urar appear. In tbe e~ent ao eam er weu of mooey become
par~ble thereunder t6e Mort~a~ee ~6ai1 have tLe option to reoei~e and ~ppl~ i6e same on acconnt of ~ indebted~as bereb~ ~ecnred,
or to ptrmit the Mort6agor to reteive and we it, or an~ p~rt tl~arevf, wnt6oat t6ereby waivin~ er impurioS w~ e~it~, lie~ a~r ri~6t
under .nd by stirtae d this mertp~e. In event of loe~ or p~rieal dawase to the msrt~ta6ed propert7 t6e Mort~6or shall pve iwme-
d'e~tc notiee tLareot b~ mail to thc MoR6a6ee and tbe ltsrt~a~e~e ma~ make pcoof ot lo~ if the s~me is oot m.de prem~xy br ~
BOQK ~~7 451
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