HomeMy WebLinkAbout1853 PROVlUEU, AL~VAYS, that if the Mort~e~ui ehali E~ay untu the Mortgagex~ the iadebtedneea cvidenced br a
certain pruniiseory note of which the following in words aud fi{;uree is a true copy 1o-wit:
M~~f~aqs Noti
~~8~ Miami,Florida _ _~--y-~-- ~i----- 1~~
i I~ OR V:1LLf E RECE; VED ^Ler ,~pjrjLY'.~a
~'~i ~-*Y? _._...promise to pay
~ to the order ot _ Ha1tAr ~aCh! _
~ che prinr.pal sum of DOLLARS, together with interest
~ chereon from date at the rate of ten percent. per annum until maturity, both principal and intertsc being payable in
I lawful money of the United States at ?03 Roper Building, Miami, Florida, or at such other place as the holders hereof may
I ciesignate in writing. Principal and interest payable in installmtnts as fojlows:
ti
I 3III'T-?I1'S tsds. W~ Do3Lr~ p~r w~wtta LKinnin~ aw ths 15th
d~s uf i'3oa~sber• ~'965• w~d aos~t3aui~ cr~ t~r 15th ciyr Qt easabi
i and era~t~? utont~h ~rsatt~a ttmtil ~3~ ia fnll.
.
"1'tiis nute n~.i~ I~e ~~re~>.lid in ~vhe~lc ur in ~,art after c,rie 1'e:u Ir:nn the ~i:ite hcre~~f u~ion ~~ayn~ent of a E~enalty ~
eyuivalent to t~~•o E>ercent ut the ~~rinciE~al sum E~repaid.
1 Eacti instaltment paymenc shall be credited first on the interest due, and the remainder on ~rincipa~l; and interest
shall thereupon cease upon the principal so credited.
The makcrs and endorsers of this note further agree to waive demand, notice of non-payment and protest, and
1 in che evenc suit shall be brought for the colleccion hereof, or the same has co be collecced upon demand af an attorney,
to pay reasonable attorney's fees for making such collection.
Deferred payments herevnder shall bPar interest at the rate of ten percenc. per annum from maturity until paid.
This note is secured by a mortgage of even date herewith and is to be construed and enforceci according to the laws
of che State of Florida; upon default in che payment of principal and/or interest when due, che whole sum of principal
ancl interest remaining unpaid shali, at the option of the holders, become immediately due and payable.
~'red i~. Kueker _ ~s~,~L.)
,~nn I~ar~aret ~iu~ker (s~4t.)
~
and shali per[orm, comply with and abide by each and evu~~ th~ etiQulatione, a~reementa, conditions and covenante of
aaid promisaon• note and oF thia dted, then thie deed and the eetate thereby created ehall ceaae and be null and void,
1. The I~lortgagor hereby covenante and agrees:
(a) To p~y ~li ~nd sin6ular t1?e prineipal and iaterest ~nd oth~ ~am~ of money payable by cirtue of eaid promiwory oute •nd thi~
deed, or either, prompdy on the da~ resp~ctirel~ t6e same ttvenllr bttonees due.
(bl To perrnit, commit or auller no w~ete ind tL maintsin tl~e improvemeab at ~ll times in s et~te uf aood repair ~sd eondition; snd
to do or p~rmit tu be done to seid premiue nothio tLat aill ~lter or ehanae the we •od ~hancter of wid Qropert7 or iu an~ way
impair or weslcen the eeeurity of thie mort6aEt. An~ in esse of tl~e refas~l, ot~lect or inabilit7 of t6e Mortyiaer to rep~ir aad mainqia
•eid property, thc Mortsagee nar, ~t 6u option, make ~uch repsirs or uusc t}N ~ame ta be owdc, and ~dvance moe~s in th~t behalf.
(c? 1'o pay all rnd einsular the t~xrs, ~eewmcnts, leviea, li~bilitiea, and obli~tione af ever7~ nature oo raid deseribe~ preperty cach
an~ every~ when due and pay~ble aceordin6 to l~w, befort tLey become deleoqueat, and to .delive~ to the MoK~s~ee on or br,(ore March
]Sth of each 7ear tex receipte e~idencin~t the payment o/ dl lawfull~ imposed tazes for the prtct~n6 ealeadar year, to indemnifr the
Vlortga~ee upon hi• demand for sll taxce, aescasmente ¦nd thars~ that may be asseaaed upon this mort~ae on tbe indebtedaeee secured
hereby, rnd psid by the mon~eRce, without re~ard to ~ny law heretnfore enyctcd or hereofter to be enacted impo~ins parment of tbe
whole or •n7• part thcrtof upon thc Mort~ergee.
(dl To pay all •nd eingular the rusu, rhxrR~e and e:pene~a, iadudinK lrwyere' (ed and abetnct cwts rcasorwbly incurred or p~id st
•ny timc by thc MortErgee beceusr u( the foifurt on the part of th~ HoctFaRor to perfonn, eomply with and abidt by eaeh and every
the etipulxtioni, aRre~menta, condition~ and co.enante of eaid promieaory note ~nd thie dred, or eit6er, rod every eu~6 payrneni ehali
bcar intere~t from date •t the rate of e~n per rentum per annam.
(e) It is (urther covennnt~d ¦nd aRreed by eaid p¦rti~e that in the ccent ot • Euit beioR in~titut~d to forccioet t6ie mort6a6e, the Mort-
~aRee ehall Ex entided to apply rt any time pendiu6 such foreclosure snit to the conrt bavin6 jurisdictiou e6ertof Eor tbe appeintmeat
of a receiver of all ¦nd aingular the mort6aEed property, ~nd of ~ll reme~ incomes, profi4, iseud and nvtaue~ th~ereof, fcam ~vhstsotver
eource derived; and thereupon it ie hcreby rxprraely tovenanted and a6rced tL~t the Court s6ali (orihwith appaiat sueh rtetivt: with
the ueual powers and duties of receivera in lilc~ cases; and aid appointment aEMU be mrde br the co~rt q• uutter of strict ri6ht to
the Mort~pgeq and without ref~r~~nce to th~ a~equacy or in~deywey of t6e value of the property herrby mort6a~ed, or to the eolvency
or insoh~.ncy of the Mnrtga~eorfi or any otF~r party deftnd~at to euch EUII. T}If MortgaFar 6trebr speeifically waivos the ri6ht to
objcct ta th~ appointment o( a rec~i~er JR aforreaid ~nd hereby O(P~C88Iy' fORSC(II6 I}1!I 60Ch •P~10(Altt7tDl l~HII bC made a~ an admitted
rquity ~nd as a matter of ahsulute riRht to the Mnrt6aRee ~nd th~t the R~RI[ ma~ be done withaut ootice to the Mor~~~or.
(f ) If (or~clueur~ proc~~din~s should be inetituttd •6aio~t tl~e property covered by tbie mort~rs6e upon say othrr (ien or cirim whether
alieRed to he sup~rior or juniur tu the lien oi thie mortltsEe, the MortKaKee may at hiis option immediatelr apon inetitution of such
euit or diari~R the pe~dcn~y thereof dcclart thie ?nortRase ¦nd the indebtedne~s ~ecured 6erebr due and pa~able forthwith ~nd may •t
ite option pror~ed to forw loae thie iucertFaKe.
(R1 That the 5toriKedor wiil kcep ail re~l and perecn~l propeny now~ or hrr~afttr encumbrrtd by the lien of thie mort~6e ineared
~ ¦e rney be rcyuired (rom time• to time by the Mort~a6ee t6ainat loea by 6re, wind~torru and other haa~rds, caswltiex and continReocir.e
for euch pcrio~is and Eor noi Ira6 than su~h amounte as may be reqairtd by the Mort~a~te and to pay promptly when dne all pr~miurne
for eu~h inaurance. The amaunte of inaurance required b~ the Mort~a6ee Rhall be the minimum amounte for which aaid insunnee ehall
~P ~+'Tlttf.b ¦Od 1~ ehall be incumbent upon t~e ;btort~s6or to miintain 6Ut~1 iddlilUtYA~ inenrmce ae ruaq t?e tlCCtbiit'r l0 ~OtCL and comply
fully with all cainsurance rrquirrm~nts ~onained in wid polieie~ to tlie end that the ~aid Mon6a6or i~ not a co-ineuror tberen~&r.
Ineurance shalr be written by ¦ compan}' or eompanies opproved or desi6nated by the Mort~i6ee and a11 policies aed rtnewala thereo(
6F1#II IlP held hy the 111ortRaR~e. All d~tailed desi6nstio~s b7 t~ Mort6ae__ whico are aecepted by the Mort6agee and ~ll a}~retmente
bctwecn MortFaqor and Mortgsgee rclatin~ to irtsnr~nce~ now e:'stin~t or h~reafter m~de, e5a11 be in writin6 and ahall be . pan of thie
mortgage ~KreemenR te fully ~a thouEh eet forth v~rbatim herein and shsli Eovern both partiee hereto ¦nd tbeir wteasore and sesi~ne.
10 lien upon any of baid policice o( inaurance or upon snr refund or return premium which may be payable oo tbe eancellation or
termination thereof, ehall ti~ Ri~en tr~ oth~r than the Mort~Fee, except by proper endorEetncnt af1'ixed to suc6 politr and ¦pproved by
}tortgaRee. F.a~h poli~y oF in~suran~e eh!tll haxe aPfixed tF.err.to •~tandard New York '13ortgaRee i:laue~ without Contribution, n~akinR
¦II lo~e or loeaee under eurh policy payahle tu the ?N(ortRa~ee re ite intrreet may apprs~. In tht evt~t any eum or enms of ~noney brromc
payoble thereunder the M„rt~;aRee ehall ha~~ the option to ~receive and apply the e~me on a~~ount of tht indebtedness hereby eecurtd,
or to p~rrnit the MortFaptor to rccei~•e ¦nd use it, or any part thPreof, without therrby waivinR or impairin~ ¦ny eqnity, liete~ or ri15Ft
under and by virtue of thia mort~[aR~. In f~'Pill of lo~a or physi~al dania~~ t~= th~ rnor;Fa~rd propert' the MoriKaRor Eh~U Rtvt immt-
dirt~ noticr thrrenf by rnail to thc ~1~rtKaRer anrl the Vlort~aRre me} make proof of lo~e if Ihe drme ia oot mrde promptly by the
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