HomeMy WebLinkAbout0171 PRUV1llEU, ALWAYS, that i[ the Mort~agor ehall pay untu the Mortg,~gee the indt~?tedneea evidenced by •
certain promiasorf note of which the f~llowing in worde and ~igurea ie a~ irue copy ta-wii:
I M°`'~`p°9s /Y°~i -
s-- ~•M Miami, Florida lt~~~
i9 ~i
FOR VALUE,JtFCEII(El~ f.~~~ j~j?-~_~jj? promisetopay
~ to ihe order of LOriB ~a
; the principal sum of__~l'~!t ~!`i!'~'Y ~ 11~~14~-._- ---.~~-~_•..•,••DOLLAR5, togtt~Yer with interrst
; chereon from ciate at the rate of ten percent. per annum until rnaturity, both principal and interest being payable in
i lawEul money of che United States at :.'0~ Roper Building, Miami, ~'lorida, or at such ather place as the holders hertof may
~ designate in writing. Principal and ineertst payablt in installments as follows:
~ lws~.. (~i.~j ll.ll.r. ~ .w?ti ~i.~ie~ i~. lgt~h '
i d~T ot Ja~aat~, 19~6~ niod ~oa~tiyuin~ e~ ~Yr l~t.t? da~ ~,f ~scd~
~ r~u~c~ ~~y ees~nth ther~fter until pc,i~1 ia full.
I
"I'his nute niay be pre~>ai~l in ~~~hcile or in }~art ~ifter ~,ne }ear Iruin thr ci~ite hereoE uE,on ~~a~~~uent oE a penalty
eyuivalent to two E~ercent c~t the princi}~al sum E~repaid.
Each inscallment payment shall be credited first on the interest due, and the remainder on ~rincipal; and interest
shall thereupon cease upon the principal so credited.
The makers and endorsers of this note further agree to waive demand, notice of non-payment and protest, and
in che evenc suit shall be brought for the collection hereof, or the same has to be collected upon demand oE an attorney,
to pay reasonable atcorney's fees for making such col!cction.
DeEerred payments hereunder shall bear interest at the rate af ten percenc. per annum from rnaturity until paid.
This note is secured hy a morcgage of even date herewith and is to be conscrued and enforced according to the ;aws i
of the State of Florida; upan default in the payment of principal and/or interesc when due, che whole sum of principal
W~~e~~r9a~i~~1, at the option oE th~ holders, become immediately due and payable. ~
.~~`~'~.,.~ScS..:~~~~......,r..r.r~.v._ ~~obert WilZiams _ ~sE~?i.~
i~'arl R. ~:vexy (~g Z M~tg~
~sEas.~
and shall perform, comply with and abide by eseh And evuy the etipulations, a~reern~enta, conditions ,gnd covenante of
eaid promis~ory note and of this dr.ed, then thie deed and the tetate thereby created ehall ceane and be null aud void.
1. The Mortgagor hereby covenante and agrePe:
(e) To pay all ¦nd tinRulsr the printipRl ¦nd iotert~t •nd othtr ~sun~ o( money payabie by ~inue of s~id promiaory nott and thi•
deed, or cither, prompdy on the dtys rapeetively tLe ~amt severally betonua due.
(b) To permit, cammit or eu~er no w~a~te ~ud to maiwuin tb+e unprovcmeuu ~t +~l! timd in i st~rte ~uf guod repair md coudition; ¦nd
to do or permit to be done to wid premiaea nothiug tbat will Rlter or ehan~t the u~e an~ ~haraeter of wid propertT or io any way
impair or we~ken the stenrity ot thie mort6a~e. And ie eue of the refuwl, ue6lect or inabtlit~ ~f tbe ll~ort6aaor to re~air ~ed maintain
eaid propeny. the Mortsa6ee ~~y~ ~t bis optiort, make wch repaire or cauae t6e ume to be made, awd ad~Rnee moner~ ia thrt behali•
(c) To pay all •nd singulor the taxc~, asseumente, levits, li~bilities, end obli6auone of every nature aa ~aid deacrribed propcny es~h
and every w~hen due snd piyable aceordinR to law, before t6ey become delinquent, and to .deliver to the Mort~a6ee on or be(ore Maarh
15th of each 7ur tax reeeipte eviJcneins the p~rment of all lawiollr impored tazts (or tbt prece~ai a~ltodar yar; to indemnify th~
HortEaRee upon hi~ dsmand (or all tasee, aesesemente and char6~s thet may be asses~ed upon tbis mort6r6t on the indebtednees eecured
hereby, and peid by the morl~CaRee, withaut reFard to rny law hercto(ort ~aacted or herrafter to be eea<ted 'empwin~ pia~mtnt of the
whole or any part thcreof upon the !4lortRsg~e.
(3) To p~y ¦Il and sinXular the coeta, char6es and eapcneee, induding Irwyera' (eca and abstntt cwta rcaeonablq incnrred or p~id •t
any time by the Mort6agee becauae of the failure on ihe part of the ~iortFagor to perform, eomply witb aed abide br uch And every
the •tipuldtiuru~ •SrermentR, conditionE rnd covenante o( said promieaory nott •nd this dced, or titbtr, rnd evtry eue6 p~yaoent ehall
bear interest from ci~te ~t the rst~ of ten per centum per annum.
(e) It ie fnnhcr covenaated ~nd aFreed b~ wid partiee thet ia the event of o EUI~ bE106 iastituted to foree)ose this mort6a6e, tbe 119ort-
Reaee a}~all tx cotided to apply at ~ny time pendiu6 ~nch faretloture ~nit to the coon 6aving jurisdietiso ebeted for tbe+~p~einEraeat
of a receiver o! all and sin6ul~r the ~nort6a6ed property, ~nd of all rentt. inco~oes, proSts, i~sues ~nd rtveanes tbtreof, from whNsaever
eource derivcd; and thereupon it ie hcreby expresdp eovenanted ~nd ~sroed th~t t3~e Court ~ll fort6witb ~ppoint eoe6 reetiver wi4h
the uaual powere aad duties o( rrc~iven in likc casea; ~nd a~id ~ppointment ~ll ba made br t6e conrt a~ ¦ matter O~ ~Il7G[ R6I1[ t0
the Mort~rpgee, •nd wi~6out rcfercnce to the ¦dequacy or insdeqwcy oi thr value of the property hereby morc6s6ed, or to the solvency
or ineolv?.nry ot the MRrtgsgors ~r any other party defendant to eu~h suit. 'I`ht Mort6a~or 6trcbr eptei6tally waives tbe ri~et to
obj~ct ta the appaimment of a re~ei~~er as aforesaid and hereby a~presely conaeote tNst ~nch appointment s6al! be msde as an admitted
cquity ¦nd a~ r mstter of absolute riRht to the Mort6apte ~nd tbit the aame mp be donc without notice lo the Mortp6or.
(f ) If forerloeure proce~dinRs should be inetituted ~aaiert the proExrtq covtred by thia mortFa6e upon anT other lien or claim wheeher
alle6ed to br euperior or junior to the lien of t}~i~ mort~Rt, t~e MortgaFee may ¦t his optioet immedi~tely np~in inmtitution of ~urh
suit or durinR the pendency th~reoF decl~re this mort6ase and tbe indeLtedne~a x~ured 6ereby d~~e aed pa~able (ort6witL and may at
f ite option proreea to forecloee thie nwrt~aFe.
~ (F) '1'h~t the Mort6a~or will l-eep rll real md pcnooad p~opertp now or hereafter eacumb~red by the lien of this mortaage insurzd
ae msy be requir~d from time to time by the Mort~6ee ~6ainat loee by firt, wendstorru rnd other hazards, easualties snd contin6encies
(or aueh periode and for not leae than such amoanu as ma~ bt reqaired by the Mort~a6ee and to pay promptly w6en dne all premiume
fcer eu~h ineunnce. T'he nmounte of ansiirance reqviced b~ tbe Mon~A~ec Ehall be the minemvm ~muunte for abieh eaid iaAarance shall
be written ¦nd it e6all be inrumbent upon the Mortgai6er to matMain eael~ additional inearanct aa msy be nECtbl~~ t0 [dttt ~11~ COn~Iy
fully with all eain~unnce requiremcnta eonuincd in ~aid pslicies to the end tb~t the said Mort6a~or ie not ~ cainsnror the~eunder.
Ineurance ahalr be writtea bp • company~ or companies approved or desi6nated by t~e Mortaa6ee and allpo licies and renew~la thtreof
ehall be hdd by tfie Mort6a6ee. Atl dec,iled dcsi~ations b7 the Mo'rt6agor whic6 are rccepted by the Mort6a6ee and all a6rewente
betwten Mort~t~gor ~nd Moresagec relatin6 to iwunncs, now exietin6 or heredter m~de, shall !?e in writin6 and sball be ~ part of thie
mortgage a~reement as fully ~e thou6}? eet fort}t vr.rbatim hercin ~nd ehall 6overn both panies hereto and t6eir snecdwrt and aseiRne.
No lien upon s~y of eaid policiee of ineurance or upon ~ny refund or return prtmium which ma7 be paysble oo tLe cancdlation or
terminsiiun therenf, ~hsll be Riven !o other than the MortEaate, except by ~roptr ~ndoreem~nt aliized to eucb polie~ and ~pproved b7
'~turtgaRee. Each policy of inauranre ehsll haxe af6xed thereto • Stindrrd hew York Mort~taEee Clause without Contribnuon, m~king
s!1 loae or loeete nndtr euch policy payable to t6t MortR~gee ~e ite iaterest may appesr. In the event ~ny e+~m or suew of money becomc
paypble thereunder the Mortgs~ee shall hw.~e the optiun to receive and apply the eymt on ar~ount of t~e indtbtednese herebr eecurtd,
or ro prrmit the Mort~taRor to receive and u~e it, or any p~rt t}itreo(, without thtreby waivinR or impairin6 ~n7 equitq, lien; or right
under and by virtue of thie mortRaR~. In ~vrnt of lose or physi~al dsmaRe tn the mortXiEed proptny the Mortgagor shali ~vt imme-
diate notice ~h~r~of br mai) to thc MortRaRe~ an~1 Ihe MortEa~ec may nsakt proof of loee if the damt ie oot made pronipdy 67 t6c
~oox 1~31 ~65
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