HomeMy WebLinkAbout0093 PROVII)FU, AL.WAYS, that ii the Morlgagar ehell puy' unto the Murlgage,e !he in~#rbtedneee evid~nced by •
certain promieeory aote o[ which t}~e follc>wing in worJe and figuretl is a crue copy to-wit:
~ Ma~tpo9s /Yo~'.
~~~~iQQ _ Miami, Florida ~Q~~:' 19
FOR V:LLU E RECEIVED promiu co pay
r j co chc order of r""
~ ~he principal sum of DOL.I.ARS, together with inttrest
i chereon frorri cla~e at the rate ot ten percent. per annum uncil maturity, both principal and interest bting payable in
` law~ful money of the Uniced Statts at '_>03 Roper Building, Miami, Florida, or at such other place as the holders hereof may 1
~ designate in writing. Principal and interest payable in installmtnts as follows:
~ 4~l~' ts~.~} ~~s~ r~' M~~ O, Y.S~t ~
I ~syr os n...as.r. 19i?g. a~0, ~oat~la~ e~c t~h. lsti e+~ •t
•aol~ and s~or7 we~tth ~tt paid in St~ll.
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i 'I'ttis n~~te ~~~a} l~e }~re~~aicl in ~~•hole ur i;i ~>art after ~me }e:u Ir~nn the ~late here~~l u~>on i~a~nient of a~~enalty
~ eyuivulent tc, t~~~o E>crrent ut the E» inci~r.ii suii? ~~re}n?id.
Each inscallment payment shall be credited first on che interest due, and the remainder on ~rincipal; and interest
shaU thereupon cease upon [he printipal so rredited.
The makcrs and endorsers of this nott further agre~ to waive demanci, notice of non-payment and pY.,:est, and
( in the event sui[ shall be brough[ for the collection hereaE, or the same has to be coilected upo~~ demand of an attorney,
co pay reasonable attorney's fees for making such cotlectian.
~ DeCerred payments hereunder shall b~°ar interest at tlxt rate of ten percent. p~er annum from maturity until paid.
i This note is secureci by a mortgage oE even date herewith and is to bt construed and enforced according to the laws
I of the State of Florida; upon default in the payment of principal and/or interest when due, the whole sum of principal
ancl interes: rernaitiing unpaid shaiI, at the optiori of the htilders, becnme immediately due and payable.
Lec Copas _ ~sE~.)
:~illian Copas ~S~pr,~
and shall perforrn, comply with and abide by e+~ch and ev~}~ iht stipulations, x6reeinents, cooditiona r~nd covenante of
said promiasor~• note and of this deed, then thia deed and the eetate thereby cr~ated ehall ceaee and be vull and void.
1. The Mortgagor hereby covenanta and a~reea:
(a) To pay all •nd ~insular the princip~l ¦nd iotere~t •nd other snnu of maney payRble by ~~irtue of erid promiseory oote and thie
deed, or either, prompdy on ths drys rdpectively tbe same severally beton~tu due.
(b) To pern~it, commit or ~u~er no waete and to mainuin tbe impro~~ementt ~t all timea io a ettte af 6QOd repair aad conditien; end
to do or permit to bt done to said premiare nothin6 tbat will alter or cFun6e the uae and cturaeter of wid propert7 or in an~ way
irnQair ur wealcen the security ot thie mort6aRa And in caae of the refasal, ne6lett or inabilit~ of tbe Moet~aQr to reEwir and maiotain
eaid propcrty, the ?ltort~a6ce inay, ~t hir option, nuke ~urL repaire or u~e the sune to bt made. ~nd ~dvrnce mane~s in th~t bebalf.
(c) 1'o pay ell and ain6ular the tazea, aeeessments, Itvies, liabilitiea, and obli~stione of eve~ aatuae oo s~id dexribed p~reperty ea~h
and every wh~n due and payable eceordinF to law, before tF~ey F~ecom~ delinqurnt, •nd to ,deliver to tbe Mort~a6ct oe or txfore March
lith of eac'h ycar tax reeeipte cti•id:nciu~; tbe psymeat o( all Lwfu11~ imposed tasee (or the preoedina t~ltodar ye~r; to indema~fr thc
HortgaRce upon hi• dcmand tor all uzes, aaaesamente and char6ea that may be asc~ssed npon tl~i~ mon~s~ge ow the indebtedncee ee<ured
nereby, end paid by tht mortFa~,ee, without reRe~d to any law 6errtofor~ ~nacted or hettafttr lo be enatted impwin6 pa~meni of the
whole or any part thereuf upon the Mort~taget.
t d) To pay ¦11 and ain~ulse the C~8t6, ~harEes and e:pcnete, iududin~ l~wyere' fecs and abetr~ct tosta reasonably incurred or paid ~t
any time by che Mortsagee bCf8U8P uf the failure on the part of the Hortgagor to per4orm, complr wilh aad abide by uch •nd every
the etipulationF, aRre~mentR, conditione an~i co~enantt of s~id promieeory note and thia deed, or eitber, ¦nd every eue6 payeaent ehall
braY interett fPOm t~~te et thZ rate trn EKr cenlutrl Ptf annt110.
(e) It ie further covenaret~d and ~Fre~d by rrid partire thet in tht event of ~ suit k~eieE inslituted to forecloae t'~i• cmort6r6e, tbe Mort-
Raqee ahall t,~ entided to apply at any time pendiuR such foreclwure snit to the eonrt ~avin6 jurisdictioo e6ereot fnr the ~ppeinuneat
of r receiver o( all ¦nd ein~ular the mart6aatd property, ~nd of all rente~ incoind, praSts, iesuee ~nd revenud t6trcof, (rom whatsoever
aource ~lerived; and t6errupon it ie hcreby ~xpre~el~ eov~ruat..d and •greed t~t the Court sh~ll to~thwitb ~ppoint each receiver with
the usual powers and dutite of receivere in lik~ ca~es; ~ad eaid ~ppoinsment ahtll be rnadt by ihe tourt aa a msttcr oi sirit! rig6t to
the MortSaqee, snd without ref~~renre to th~ ¦dequrcy or in~dec{uaey of t6r value of the propeny hereby n~ortsa6ed, or to the eolvency
or ineolv?n~y oi the MnrtgaRorF or any oth~r party defendant to euch suit. The Nort~Ror hereby epecifically waivr,a the right to
object so the appuintment of a re~eicer ae atoraeaiJ ~nd hereby ocpreeely conaents that eneh appoinlmrnt ehall be made re an admitted
equity tnd as a matter of absolute riRht to the Mort~aKee •nd that the Fame m~y be done without eotiet lo the Mort6a6or.
(f 1 If forerlosurr proc~~din~a ahovld be inetitut~d a6ainat tl~e property covered by t6ie martga6e npon any other lien or claim whether
alleged to he s~perior ~ar juni~,r to the lien of this mor'l~agt, the MortRaF~e n~~y at hiR option immEdi~ieiy npon inelitution af euch
suit or durinR thr pend~n~y thrreof declare this mort~5a~e and t!x indeLtednrea srcured hereby due and parsble forthwith •nd may •t
ite option pro~red tu f~~re~ luee thie ~uortRaRe.
(g) Thst t6e .'rtortRa6or will keep sll rral tnd person~l property now or her~aiter rncumbered by the lien of thie mortRage inwred
es msy t,e reyuirrd from time to tiine by the MoAau6ce a~ainet loet by fire, windstorn~ and other hazards, caeualties and tontin~enciea
(or such periode and for not leaa than suc6 •mounu ae mar bt reqaired by the MoRKagee and to pay prompdy w6tn due all prcmiume
for aur}r ineurance. Tht amuunte o( insiernnce requinrcd br the Mortgr~,ee Rhall be the nzinimum ~mounta (or which eaid ineurance ehall
Le N•ritt~n and it ehsll be incumbent upon the ~iort6a6or to m~inuin ench ¦ddition~l ineurance ss may be neceasary to mett and conip3y
fully with all co•inaunnce requiremerta cooui~ed in u~id polieiea to the tnd that the eaid Mort6aaor ie not a co-ioearor thereunder.
Ineurance Fhalt be written by s company~ or comp~nies approved or ddi6nated by the MortKa6ec and all policiee and renewala thereo(
ehell be held by the Mort~a~e~. Ail detailed desi~nations b~ t}?e NionEa~or which are aecepted by thr Mortaa6ee ~nd all •~reauente
bciween MortRagor and Moct~agee rclatin6 to insnranee, now e=ietin~ or hercafter made, ehall be ira writis~{~ and ehall be a part of thie
mortgage s6reement as fully ~a thouFh set forth verbatim herein and ehall Roverc+ both partiee htreto and t6eir suteeesors and aeei~ne.
~io lien upon eny o( naid puliciee of ineurance or upon ¦n7 refund or return premium which may be payablt ou t}?t uncellation or
terrnination thereof, ehail be Riven to other than the Mart~Eee, e:cept by proper rndoraem.nt af~ixed to sueh policy and approved by
~~Of~RpxP.P. E~C}I POLfy of ineuranre ahall haxe sAixed iherelo a Standerd NeN• York Mort~aRet Clauee without Cantribution, moking
all luse O[ 1008Q8 und~r eurh policy payablP l0 the MortFaget ~D It6 )flll1Y81 R1Yy appcar. In th~e event anr enm or eume of money be~omc
FaYeble thereunder the MortFaRee ehall havc the optinn to reccive end apply th~ eame or s~eount of the irsdebtednrxs herebr eecured, '
nr to pennit the Mort(c~Ror to recrive and use it, or any pert thereof, without th~rcby waicin~ or impairin6 aay equity, lien~ or ri6ht
under and by v~rtu~ of thie niortRaRn In ~~~~nt oi lo~e or phyai~nl daniaR~ to the inortRaRrd proprrty the Morlga6or s}ull ~ve imme-
distc notice thcreof by mail tu thc MortRaKee an~l Ih~ Mort}~aRee ma~ make proo!~ o( loae if the eame is not rnadt promptlq by the
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