HomeMy WebLinkAbout1216 PROVIDED, ALWAYS, that i[ the Mort~~or ~hall pay unto the Monaa6~e ihe iadebtedne~ee evidenced by a~
eertain proinieeory nnw ot whic6 the foUowin6 in worde ~?nd figurea ia a true copy tawit:
~ ..r,,,,4
I I~IA~90~ /10~
~ ~s~•~ Miami, Florida _~f~~ 19 ~
FOR VALUE RECEIVED w ~ promisetopay
to the order of 0$I~ZS ~ H~~ d~ ~~r$~~ h i •
( the principal sum of DOLLARS. together with interat
thereon from date at the rate of ten percent. per annum until maturity. both principal and intertst beingp~ yable in
lawful money of ch~ Uniteci Scacts at ~0~ Roper Building. Miatni. Florida, or at suth other place as che holders hereof may
designate in writing. Principal and interat payable in irutallments as follows:
ni'ia? t=~.oo) ssu.~+r ~r .o.tt ~t tr. lst~?
ay ot ~o~~. 19~Sr .~t .ossisrias aa 1i. 1~1i ay? et
' w1 a~i n^~s,~r aaa1? tiwaitMti~e tstil ~1l is hil.
~
"i'his note may be ~~repaid in ~vholc or in E~art aiter one year ir~nn thc ilate herec~f U~>OIl ~~a~~~nent oE a nalty
equivalenc co tH~o E,ercenc ut che }~rincipal sum prepaid.
Each installmenc paymenc shall be credited first on the interest due, and the remainder on principal; and i erest
shall thereupon cease upon the principal so crtdited.
The makers and endorsers of this note further agree to waive demand, notice oE non-paymenc and protest, and
in the event suit shall be brought for the tollection hereof, or the same has to be collected upon demand of an attorney,
to pay reasonable attorney's fees for making such collection.
~ Deferred payments hereunder shall b'ar inrerest at the nte of ttn percent. per annum fronc maturity until paid.
This note is secured by a mortgagt of even date herewitl~ and is to be construed and enforced according to the laws
of the State oE Florida; upon default in tht payment of principal and/ar interest when due, the whole sum of principal
and interest remaining unpaid shall, at the option of tht holders, become immediately due and payable.
- - T : ;ZT :t:: ~ ~ (SEAL)
; : (lY "~T.~~~'rt i~ i~ ~ (SEAL)
and ehall perform, cornplr with and abide by each and every the atipulatione, a~reemeate, conditiona and covenanta of
aaic~ promiesory note a~nd of thia deed, then thie deed and the eatate thereby cr~eated shail ceaae and be null and void.
1. The Mortgagor bereby covenant~ and aareea:
To pay all and ainsular the prineipal and iottrut and ot~r ~nm~ o( rooner ~~~le by rirtne ot wid promiNOrr note and tbi~
deed, or either, pramptlr on the dr~^a rt»p~ectivelr the wme scranq~ becomea dut.
16) To permit, eomtait or ruSer oo wa~e aud to maiotsia tLe improvtmenla st all tirne~ ia • state ~f ~ood repair asd conditioo; ~nd
to do or permit to be done to said premiid nothin ch~t ~?ill alter or t~n`e t}re nss and rh~neter e! ~aid prnpert~ or in an~ ~vay
impair or weaken the ~ecuritr ot t3iis moet6a6e. An~ in eue of tbe refmrl, ne6lect ar in~biliq sf tbe A[ertp~or to tc~ir ~nd m~ietaiu
~aid propeny, the Mortsa6ae siey, at 6u optian, enal~e rneb rep~in .r caose tbe asroe te be made, w1d ~dv~o~ee mene~s iu t6at 6thalf.
lc) To pay all and ~in6uiar thc tua, wewuents, levies, li~bilitits, aad obliptiuns ei tver~ s~trre ~e trid aaeribed property each
and every w5en due and par~bie ~ecordin6 to larv, befone tbey become delinquent, ~nd to ,deliver ts the Murtp~ee on or before M~rch
lSth oE each rear tax reeeips~ C~'IdCAClq6 lb~ pryment o[ dl 4rvfu1l~ impo~ed uzes for the prceoaia~ eaknd~r ~ear; to indemnifr the
Mort6a~ee upon hi~ demsnd tor all tixee, asstasmtnts and char6ee that m~y be aasused upon iha tvertp~e oa the indebtedaete saenred
hereby, and paid b7 the mortEaqee, without re6ard to any l~w beretofore enacted or here~fter te be eoaeted ~mpo.~oa P.~~dc of the
whole or anr part thereof upon thc Mort6~6~•
(d) To p~~ all and sinaular t6e cone, ehar6e~ aad expeetes, indudin6 l~wytn' iea md ~b~tnct to~p reasonabiy incurrad or paid ~t
ao~ time b~ the Mart6agec becrube of Yhe (~ilure on tLe part of the rlort~u6or to ptrform, complr w:~L .nd ab~de b~ e,eh and every
the stipulatioos, s6reements, conditione and covenante of said premiaeor~ note ~nd this deed, or eit6e~~ and every eutb pa~ment •hall
bear intereat from d~te at the rate of ten per centum per annum. ~
(e) It ie tnnl?cr covensuted ~nd agrecd br said psnies th~t ia tbe cvcnt of r•ait btin6 ir~tituted to (oreclo~e tbir mortp~t, t6e Mort•
saBee shall be eatitled to apply ~t time pendiu~ ~oe6 ioretlMnre snit to t~e e~art Invis6 jurirdittieo ebexaof for t6e spp~ia~ent
of a receiver o( sil and sin6nlar t!u mon6aaed propeny, and of ~il rerr~s, 'sncmnets, pro54, irua aad ntvenna tLeread, (rom wbauocver
eource derived; and thereupon it i~ 6creby expreasl7 tovensnted and ~6roed t6~t t6e Ceart ~haQ fertb~?it6 ~ppoiat ~oeb reteioer with
the wual powen ~nd daties of receiven in like ea~es; •ad .sid ¦ppoibmw~~ sh.ll be m.ede br s~e eonn r~ m~ttu oi rtrict ri~ket ta
the Mort6a6ee, and withont reference to the ~dequacr or inadeqnaer ot the vlue o( the property hereby mort~a6ed, or to the eolvency
or insolv~nty of the MnR6a~ors o~ ~nr ot6er party ddtnd~nR to ~uch euit. 'The Mort6s6or 6ertb7 spetifinll~ waivea tLe ri66t to
object to the appointmmt of a rcceiver aa aforesaid and ~ertby acpreesly eonsents t}~at eaeh appointment ~hall be aude as ~n admitted
eqnity and u a matur of abaoiute ri~ht to the Mottaa~ee and tlqt tbe sarne ma~ be done without ootice to the Mort~6or.
(f) If foreeloaare procecdinss should be iastituted ~~t tLe p~openy covered by this mortp6e npoe anr other iien or claim whetber
~Ile~ed to be superior vr junior to the lien of this mor16a6e, tbe Mort~a6ee ma~ at hi's option immedi~tely apan i~utitution o[ such
euit or durinR the pendeney thereaf declare this mort6a`e and tbe ind~Ltedness ~ecurtd lfereb7 due and p~7able fvrtb~vith •nd raay •t
it~ optian proceed to forecloee thi~ n~ort~ge.
~ Thrt t6e Mott6agor will {ceep all real tnd penonal propert~ new or hereafter encumbeeed by the liee of thi• mort~6e insured
~ ae mar be required from timc to tiex~e by the Mort6a~ee spiinet Ioa b7 fire~ windstorm ~nd other haacarda, casualtia~ and coMtin~encies
for euch periode and for not lesa than ench amounu a~ ~nq be teQaired b' tLe Murt~a6oe ard to pa' prompdy wbea dne all prceniume
for •ueh inwrance. Tht amounta of insunace required b~ tLe MortgaBee ehall bt the miaimnm unounts (or whicl~ ~sid i~esunnce slull
be written ~nd it ~all be incumbent npao t~ Mort~a~ar ta maiotaio saeb additioo~l ir.arrance u ms~ be necrasan to meet and coEUply
fu31y with all eo-in~u~ance rtqoircments eoataiaed in uid pdicies te the ead tbat t}~e wid :Kortga6ar is oot a eo-iawror tberennder.
Ynsurance ~6alr be writsen by a company or tom~eiea approved or desi~ted by il~e Mort6a~te and allpo licies and renewale tl~~reo[
shtll be htld by she Mort6a~ct. AIE detailed deai6oatioos b~ tLe Mort+ya~or wbic6 rre sccepted b~r the Mort(~s6te snd all a6rewente
between lldort6asor u~d Mort6agee relatin6 to iasnr~nte, mow esisiog on c~reaftet msde., s6s11 be in tivritia6 ~nd a6all be a part of thie
mon6a~e ~preement u fnlly as thou6h set fortlt verbatim herein ~nd ~hall 6overa both ptrtiea hereto ~nd tbeir wccason and aesiRna.
i~to lien upon ~n~ of eaidpo lieiea o( ineunnee or upon anr refnnd or re?urn premium M?hich may be payable on t6e uncellation or
termination thereof, ahalt be 6iven to o[her th~n tbe Mortp6ce, exeept by~ proper cndorsemrnt dfixed to sach polic~ and ~pproved b~
iiort6aaee. Each poliey o( inaur~nee thall hue ~ffixed thereto a Stand~rd New Yo~k ]M~orias~ee Clauee withoat Cootribu4ion, making
ail loss or losaea nnder euch polic~ payable to ibe MortXa~es ss iU intere~t msy appear. In the event any enm or same of inoney br.~omc
payrble thereander the MortgaRee ~hwll have the option to reeeive and apply the same on account of the indebtednee~ hereb~ secared,
or to permit the MortRa6or to rcceive ~nd use it, or inr p~rt 1he.reof, withoni thereby w~ivin6 or impairina ~n~ eqoity, lie~ or ri6ht
under md by virtue of thi~ mortpFe. in event of loe~ or ph7iiral dan~aRc to the mortFsaed propert7 the Mortp~aaor ehaU ~ve imme-
diete notiee thereof b7 mail to the MortsaEee and the Mort~a~te m~y make prooi oP loea if the ssmt ie not m~dt promptiy by t6e
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