HomeMy WebLinkAbout1579 PROVIDED, ALWAYS, tLat if the Mortgasor ~haU pay unto the Mortgagee the indebtedncea evidenced by a
certain pmmiesory note of which the following in worde and figure,~ ie a true copy tawit:
. a `
' Mo~yay. No~i
i--;~~•~ Miami, Florida Y~~ 1Q
. „
I FOR VAI.UE RECEIVED L•~* ~d ~aail~r promisetopay
~ to the order oH'-._„- . _~.C _ ~ ~:~':~;~i ~~t~~ •~~r~,;:;I~t .t:'~.. hia ~t~~"~-
~ the principal sum of_,~_ ~~~~1f~- DOLLARS, together with interest
thereon from date at the rate of ten percent. per annum until maturity. both principal and interest being payable in
lawful money of the United Scates at 20~ Roper Building, Miami, Florida, ar at such other place as the holders hereof may
designate in writing. Principal and interest payable in inatallments as follows:
~ T~iri~~--t7t.r (;33•ooa 3~1~..s~. ~r sr.~lr ~ ~a 4i~
lgi? ~ of Ostobre~ 2965, s~a~d e~tiani~ a~ i~ lstf
s t~t ~ ~i ~ ~a~tid #lwrrsflar ~¦tl~i.2 ~ti~ i~t t~.ll .
,
"I'his note m.iy Le ~~reE.,ai~i in ~~•hole or in ~~art al~ter eme year from the ciate herecyf u~~on payment of a penalty
eyuivalent to tH-o E~ercent o! the Nrincipal suiu prepaid.
Each installment paymenc shall be credited Eirst on the interese due, and the remaincier on principal; and interest t
shall thereupon cease upon the prinripal so credited.
The makers and endorsers of this note futther agree to waive demand, notice of non•payment and protest, and
in the eveat suit shall be brought Eor the collection hereof, or the same has to be collected upon dernand oE an attorney,
c~ pay reasonable attorney's fees for making such colltction.
DeEerred payments hereunder shall bear interest at the rate of ten percent. per annum from maturity until paid.
This note is secured by a mortgage of even date herewith and is tv be canstrued and enforced according to the laws
of the State of Florida; upon default in the paymtnt oE principal and/or interest when due, the whole sum of principal
ancl interest remaining unpaid shall, at the option of the holders, become immediately due and payable.
•..`~.~3.~. C':~~ L i.~.I lY:~ (sEAL)
~~ILfiL.RT :;':iL~.I~:a (sEAL)
and shall perform, co~nply with and abide by each and every the stipulatione, a~eemeate, cond'ations and covenante of
aaid promisaory note and of thie deed, then thie deed and th+e estute thereLy created ehall ceaee and be nnl~ and voad.
1. The Mortgagor hereby covenants and aax~eea:
(a) To pay all ~nd un6ular tbe princip~i and interat aad Nha~' snm~ ~f mooe~ par.ble br ~~irtne o[ aeid pramisaory nute ~nd this
deed, or either, promptly on tbc drr reapectivtlr tbe s~me ~e+arall7 beeames dne.
(b) To pe?mit, commit or ~ulEer no rvsrie and to maintaia 1~e impreveroents at all tima in ~ etate oi `ood repsir asd eonditivo; aad
to do or permit ro be done to wid premisd nothin that w~ill dur or ch~nre ehe me aud chansttr of aid propert~ or in an~ way
imprir or wealcen the ~cearity o( this mortsa6e. A~ ie we of tbe rdwat, neE,lect or inabiliq ot tbe M~rtp;or ts rcp+ir ~nd uuiutaiu
eaid propert~, the Mort6a~ce ~ar, ~t 6is oprion, make ~~eL tep~in or came ebe sune te 6e madG, aqd ~draeee moeup~ in thst behalf.
(c) To pay all ead sin6ular t6e t~xes, a~seMmenu, Ievia, li~bilitiea, and obliptioor of ever~ estnre ~n wid deseribed p~operty ach
and every when due and payable ~ceordin6 to law, belore they become delinqueat, wd to ,detiver to tbe Mortp6ee on or beiore March
15th of each rear t~x reeeipta ~videacia6 the psyment o( dl la~vfull~ impored tazea for the prece~a~ uknd~r 7dr; to inderunify the
Mort6a~ee upon his demand for all uxee, assessmenu and eb.r~ts ~h.e may be assea~ed upon tbi~ nortpse on the indebtednees securrd
hereby, aad paitl br tht mortKaRee, without re6ard to ¦ny !aw Lsreto(ore enaeted or her~dter te be en~ettd impoeing paimtat of the
whole or any part thereof upon thc Mort6a6et.
(d) To paf all and ~in~lar the costa, ebusos •od e:pen~as, indudina lawytn' faes ~+d absiraet coqs rr.awnrblr incnrred or paid it
anp timt br the Mort6~6ee bccause of the failu[e on the p~rt o( the Nurt~a~or to perfornu, tomplr ~?it6 u~d abide by e~ch and every
the stipuletions, aarcemenla, condilione and covenants of pid proroiesor~ note snd tLia deed, vr eitber, ~nd every sucL pa~rtnent eha11
bcar interat from date at the r~te o( ten per ceotnm per annum.
(e) It ie furthcr covenanted and aEreed b~' widpt rtid tLat in the event of • tnit bein6 instiWted to (oreclose tLis mort6s6e, the Mort-
ga~ee ehail be eutitled to apply ¦t anr time pendiu6 ~neh l~retlo~ure sait to tlie unrt hsvin6 juri~dittion eLered for TIIC a~OIO~LlCOI
of a reteiver ot eU and sin~ilar tbt mortsa~ed property, and o[ ~11 tem~. incorees. proBes, iMUa u+d reveonea therea~f, frnm wLatwever
eource derived; and tLereupon it ie hcreby ezpressly eovemnted and ~sreed tbet tLe Conrt ~hrll (onhwith appoi~ sneb r+eceiver ~+ith
the wuel powers rnd dutiea of receivere in like caka; ~od ~rid ~ppoiatmewt e~rll be mide br the court a~ ~ matter of etrict riaht to
the Mortsa6ee, snd without reterence to the adequacy or inadeqnaer of the val~u o[ the propertr hereby morr6aaed, or ta tbe solvency
ar inaolv..ncy of lhe Mort6a~urs or any other party defend~nt to auch Buit. The Mort~a6or herebr ~pecifially waivee tbe ri~ht to
object to the appointment of o recei~•er ae a(oreaaid and hereb7 esprdaly eonsents tbat snch appointment s6all be made u~n sdmitted
eguity ~nd aa a matter of rbsolute riR}?t to the Mort6s~ee and tbqt the same ma~ be done withoae aotice to tht Mortas6or.
(t) lf fortcloeure proceedinXs ahould be inetituted ~ptast tbepr operty eovered bp this mort~~e npon sny other lien or claim whether
aile6ed to he superior or junior to the lien af this mott~a6t, the Mort6a~ee may ~t hie option imroediatdy vpon inetitution of such
suit or during the pendency thereof declare this mort6s6e aod tbe indebtedme~ serured 6erebr due ~nd p~~able focthaitb and may at
ite option procecd to foreclose, thia mort~Y~e.
€ (6) That the lbiort6agor will kecp sll real and penowl property now or hereafter entumbered by tht lien of thie mort6a6e ineured
aa mar be rcquired from time to u~ne by chs Mun~.aee ~6ainat Iws by 5r+e, ~vindsiorm and other haurda, caeualties and contin6eocies
for sneh periuds and tor na lees than snch amoueu a~ m~y be required by t6e Mortas6ce rnd to pa7 prompdy w6an doe all premiume
for euch ineurance. The amounu of insurance reqnired b~ dse ldsort~a~et ehdl be the miaimam ~mounts for whieh wid ioeunnce ehall
be written snd it ahal! be incumbent upon the Murt~aRor to mtinbin ~oeb ~dditioa~l insarance a~ msy be necesaar~ to mect +~nd compiy
fulty with all co~insurance requirementa contai~red in satd p~ieia to tl~e eod t}ut the raid Mort~~or ie not ~ cainenror thereunder.
Ineisrance R6alt be written by a eompany or companic~ approved or de~i~ted b~ tbc Mort6a6ee and allpo ?itiee and renewala thercof
shall br, held by the Mortaa~ee. All detailed dai~tioor b~ tlr Mort~s6or whic6 are accepted by the Morts,s6ae and all a~ree~xnu
between Mortgagor end Mon~aaee rel~rina to imnrawee, aow es'stin6 or hereafter made, e6a11 be in writin6 snd shsll be a part o( thie
mortgage •6rcement aa (ullr ~a thou6h set (otth verb~tim hertin and eLall 6overn bot6 parties hereto and tbeir sntcdsocs and aesiKne.
No lien upon ~ny ot baid pol4eies of ineuraoce or upoe an7 tdnnd or retvrn premium which msy be payable oa tLe uncellation or
termination therrof, ~hall be sivtn to otber than tbe Mott~set, except by~ proper endoreement rl~exed to ~sncb polic~ and spprovcd by
:~Sortar6ee. Each policr o( ineurance shall haxe ~i6xed t~ereto a 5tandard New York Mort ~et Clauee withont Contribution, makin~
all loei or losees nnder euch policy payeble to the Mott6a~ee as ita intereat may appear. In t~ event anr snm or rnm~ ~ monty ~comc
payoble thereunder the Mortg~Ree eha11 have the option to recai~e rnd apply the aame on a~count of the iedebte~e.. hereby secured,
or to ~rmit the MortgaRor to receive rnd use it, or any p~rt thereof, withoot thereby waivie~ or impririn6 any eqoity, Dien~ or risht
under snd by virtne af thi~ mort~a~e. In evtnt of loa or phrical dan~aRe to the mortRa~rd property the Mort~aor ehal) 6ive immr
di~te notice thereof 67 mail to thc Mort6a6ee and the Mort~a~ee m~y make proof of losa if the same ie not made prompdy by ihe
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