HomeMy WebLinkAbout0483 YROV'IUED, ALWAYS, that i[ the Mortgagor ahall pay untu the Mortgager the indcbtedneen evidepced by •
certain pmmieeory aote o[ which the followin6 in words an~i fi~;uree ie a true copy to-wit:
" M~9oQ. /Yo~f.
~ 1 . ~ Miami, Flarida ~~7'~~~_ 12
~ 19
FOR VALUE ~f~,~~r promise co paY
° to che order of + ~ ~
~
; the principal sum of DOLLARS, togrther with interest
theret~n from clate at the rat~ of t;.n percent. ~xr annum until maturity, both principal and interest being payable in
Tawful money of che United States at ?03 Roper Building, Miami, Florida, or at such other place as the holders hereof ma~y
designate in writing. Principal and interest payable in installments as follows:
tie~ ~(~3S.OA1 D~o11~sa ~ s~a~11cl?? ti~i~~ ~t
!U 1~h ~ st J~s~r, 19ii, a~t oa~~i~as a~ t1u
~ ~~~~y aad rse~ sem~ tlt~x~~?!`t~ rqt#i3. paiA
"T'his note may 1>e pre}~ai~1 in ~cholt or in j~art after one ye:u~ from the date hereot up~~n paymenc of a penalty
eyuivalent to two }~rcent ol the principal sutt~ prepaid.
Each installment payment shall be credited first on the interest due, and the remainder on ~rincipat; and interest
shall thereupon cease upon the principal so crediced.
The r_~~~CCrs and endarsers oE this note furthtr agree to waive demanci, notice of non-paymenc and pratest, and
in che event ~uit shall be brought for the collection hereof, or the same has to be collected upon demand ~f an attorney,
co pay reasonable attorney's fees for making such collection.
~ Deferred payments hereunder shall btar interest at tht rate of ten percent. per annum from maturity until paid.
This note is secured by a mortgage of even date herewith and is to be construed and enforced according to the laws
of the State oE Florida; upon default in the payment of principal and/or interest when due, the whole sum of principal
ancl interest remaining unpaid shall, at the option of the holder~, btcame imtmediately due and payable,
%CS11l~ Chi.lds _ ~g~~,~
:~~'lcnder ~iiilds ~sEAL)
~nd ehall perform, comply with and abide by each and e~~ery the stipulatione, a~~eementa, conditi~ns and covenanta of
eaid promisaor~• note and of thia dred, then thie dted and the eetate thereby created ehall ceaee and be nnll s~nd void.
1. The Mortga~or hereby covenanta and a~nreea:
f a) To p~y all ~nd •in6ular the principal and intercai and ether annu oE mooe~r payable by ~•irtae of s~id promissory note and thie
deed, or either, promptly on tbe da~~ respectively the ~aa~e ~evaaall~ beeomes dut.
( b) To permit, eommit or ~uaer no waste \A~ LO II3Ytfllil0 tbe improvemtaU it all timd io ¦ et~te oi 6ood repair asd condition; ~nd
to do or permit to be done to said premiies noehiu thrt ~vi11 ~lter or t6au~e tbe nee and eharacter of seid propert~ or i~n an~ way
impoir or we~ken the ~ecurity of this murtsa6e. An~ in uoe of t6e refmal, ueaiett er iaabil'at~ tbe Me~f~or to rep~ir wnd maiouin
said propertr, the Mort~a~ee ~ay, ot 6is opuo», makc ~ucL reprirs or uuse tbe rame to be madt, and sdrsnce mone~r in tLat bc6alf.
(e) To p~y all ~nd ein6ular the tazes, sexumenb, levin, liabilitita, and obli6atiooe oi ever7 mature ou ~sid deatribed property tach
and ev~ry when duc snd payable accordins to l~w, be(ore tbe' bccome delinquent, aad to ,detiver ts tbe Mortba6oe on or before March
15th ot each rear t~x receipts evidencin6 the paymeut of dl lawfully imposed taxes for the preeedin( cakndar Ye~r; to indemaifr the
':Hort6ag:~e upon hi~ demrnd for all taxee, aeee~smente and cher6ee that may be esee~~ed upon thi~ mort~6e on the iadcbtedneee eecured
hereby, and peid br the mort~aRee, without re5ard to any lsw beretofore enact~d or htr~aftrr to be eoacted imposin~ pa~rt?ent of the
who!e or any pert tficreof upon thc MortKag~e.
( d) To pay ~11 ~nd singuler the coete, char6ee and e:pemee. indudin6 lawyen' feu and ~botract torte rwanably incurred or paid at
sn~ time by the Mortg~gee becau6r of the tailurt on the part of thr HonEaRur ta ptrforrn, coa~ply with and ¦bid~ br uch ond every
the ttipul~tioos, asreementa, conditione and coveosnte of said promisaory note ~nd thie deed, or eit6er, aod every eueh payzaent ehall
bear internt from clate at the r~ta o( ten per centam per annum.
(e) It is further covenanted •nd aFreed br widpa rtiee tb~t in t5e event of • suit beina imtituted to foreeloet ~his mortpse, the Mort-
araee A}rall be eatided to spply at eny time pendiu~ ~oeb toreclosure aait to ebe c~nrt bavin~ juriadiction ebereo( fx th~e ~pp~i~unt
of a receiver o( all and singular the mort6aacd propcrty, ~nd o[ ~11 rrnu. incomes, pro~its, usup ~nd reveaud thcrte(, f~om ~?~tsoevcr
eource derived; snd t6ereupon it ie hcrebr exprdsl~ eovenanted and a~reed tbet the Conrt ~11 tertt~wit6 appoiM anch receiver with
the usuel powers and duties of receivcrs ia like ebcs; snd ~aid ~ppoiatment ~b~ll be ~naae bs the conrt re ~ m~tter oi ~trict riaht to
the Mort6agee, and without reference to the ¦dequacy or inadeqwty of tltie v~lue o( t6e proptrty hereby mort6t~ed, or to tht eolvencr
or ineolveney ot the Mnrtgagors or any other party deiendtnt to w~h 6uit. The MortEaKor 6ereb~ speeificall7 waives tbe ri~5ht eo
object to the appointment of a re~ei~•er ae atoresaid rnd hzrsby ecprealy coruaents tbat e~ch appointmcnt ehal! bt madt ae tn ¦dmitted
equity and ae a matter of absolute riRht to the Mort6rRoe aod th~t the bame may t~e done without ootiee to the Mort6a6or.
(f ) If (oteclowre proc~edin~s ahould be inetituted ~6ain~t tbe propertti• covtred by thia mortgaae apon sny other lien or dsim wbtther
alleRed to ht superior or junior lo the lien o( thi~ mort6a~e, tbe MortRaaee m~y at hie option immed'utely upon inetitution of such
suit or durinR th~ prndency thereof dec(are this mortpse and tbe ind~btedn~se ~ecured hereb7 due and pa~able forthwith and may at
itt option proeeed to (orerloee tF1is n~ortFaRt.
(6) That the Mortgngor will l•eep all re~l snd penonal preperty now or hereafter eacumbered Gy the lien of thie martaaEe ineured
as may be required from time to ti~ne by the Mort6a6ee a6airut l~ues bq 5re, windstorm and othtr luxarda, caeu~lqq snd eontin~enci~
for euch perioda and (or not Iese than ~uch amotmta u ma7 be ~quired by the Mortaa6ee and to pay promptly wlun dne all premiume
for eurh ineurance. The amounte of ir?ei:r+~nct reqnired br tbe ~[ortsa~r.e ehall be the mieimum amounta far which uid insursnce e}u!l
be writttn ~ad it e6~11 be incumbent upon ihe Morl6a6or to maintain sath ~dditiunal inearance ae may bt neceaasry to mtet and comply
fully with all caineuraaee requiremente coutai~d iA aid politie~ W the end t6~t the wid Mort6a~or ie not a eo-insaror tberennder.
Ineurance ehal!- be written br ¦ company or companie~ approved or detipu~ted by tbe Mort~~ce and allpo liciea snd renewsla thereof
eh~? be 6eld by the Mort6~6ee. All deuiled desi6naGoo~ b7 tLe Monsa6or which •re aerepted by the Mort~a6ee rnd •ll ¦6reen~ente
between Mort6w6or and Mort6agee rel~tin; to inrnrante, now c:'stin6 or hereafler made~ s6all be ip writin6 and ahall be ¦ part vf thie
morts~ge ¦6reement aa (ully ~e thou~h ~et torth verbstim herein and ~hall sovzrn both partiea hereto and tLeir saccawn snd aasi~ne.
No litn upon ¦ny of said policiee of ineurante ar upon ~nr relund or returo prunium whi~h rnay be psyable on fhe c~ncellation or
termination thereof, ~hall be ~iven to other than t6e Mort~6ee, exetpt by proper endoreement aAixed tn such policy and ~pproved by
31onp~aEee. Earh palicy of iru?uranct eha11 haxe aR'ixed thereto ~.~+tandarcl ;Yew~ York Mon~SaEee Clauee withoat Contribution, makinR
~II loae or loeaee nndet euch policy pay~ble to the Monaa~ee ss its inlerert m~ry apptar. In the event any ~am or ~nms of moaey becomc
payable th~reunder the Mortga~ee eh~ll have tht option to rec~ive and apply the eame on •~connt o( tht indebtedntae hereby secured,
or to permit the MortRnRor lo receive ¦nd use it, or any p~rt thereoi, without thereby waivinK or impairinF ~n~ tqoity, lien~ or riRht
undrt and b7• virtae of thie mort~a~~. in ~vrnt of low or ph~si~al daroaRc to the moriR~~td prnpertj tbe MortqaRor ehall ~~ve immt•
diste notice therrof 67 m~il to the MortEaRce and the MartEaRet mwr neake proof of loae if the eame ie not mrde ptomptlq 67 the
~ ~ 1 4
5U~~K1~