HomeMy WebLinkAbout0494 PROVIUED, ALWAYS, that if the Mort~agor ahell pay unto the Murtgagee the indcbtcdncee evidenced by a
ccrtain promiaeorq note of which tlu followin~ in worde und figurea ie a true copy to-wit:
~~..r. .
( Mo~Nfyo9s iYo~.
s Miami, Florida 1~~1~ 1~~~_19~~
FOR VALUE R~CEIVE promise to pay
tc~ the order of ri~~
the principal sum of ~,p~ m/'~~ DOL.LARS, togethtr with interest
~hereon from clate ac che rate of rpn percent. per annum uncil maturity, both principal and interest being payable in '
~ lawful money of the United Statts at ?03 Roper Building, Miami, Florida, or at such other place as the holders hereof may
designate in writing. Principal and interest payable in installr,nents as follaws: y
~'~ilir (~•ooj souas. rar ~aa~ 1s~ist~s aa t~.
i'~ ~q ~ J~. 1~i~i. a~M ~~iaai~li a~ 1!s 1'j11~
i iq~ ot M?i ao~~ ~a~ psli 3~t
t'1w1~.
1 "1'his nute ~na~~ I~e ~~re~~aici in ~~~hc,le or in ~~art xtter c>ne ye:ir Iruin the elate I~ereo! u~~ut~ ~~ayment of a}~enalty
~ eyuivalent tu tw•o }~tcent ut the ~srinciE~al surn E~reE~aid.
I ~:ach instailment payment shall be crtdited first on the interest due, and the remainder on ~rincipal; and interest
+ shali thereupon cease upan the prinripal so credited.
The makcrs and endorsers of this note further agree to waive demand, notice oE non-payrnenc and protest, and
I in the evenc cuit shall be brought far the collection hereof, or the same has to be collected upon demand of an attorney,
to pay reasonable attorney's fees for making such collection.
L?eferred paymencs hereunder shali bPar interest at the ra[e of ten percenc. per annum from maturity uncil paid.
"I'his note is secured by a mortgage of even daee herewith and is to be construed and enforced according to the laws
of the State of Florida; upon default in the payment of principal and/or interese when due, che whole sum of principal
anci incerest remaining unpaid shall, at the option af the holders, became immediately due and payable.
Melbn ~,•~aii~ce ~s~a~.j
~s~~.~
and ahall perform, comply with and abide by each and every the atipvlatioue, a~eemente, conditiona and covenanta of
eaid promiesor}~ note and of thia deed, then thie deed pnd tht edtate thereby created ehall ceaee and be nul~ aud void. -
1. The Mortgagor hereby covenante xnd agrees:
(a) To pay all ~nd siogular the principal ~nd intere~t ¦ad othar ~um~ et moaey pay~ble by ~ietue o( wid promirsory ovte ~nd thia
deed, or either, promplly on +the dar~ rdpectively the same ~everally becomes due.
(b) To permit, commit ur euHer no w•aete and to maintain tbe improvementy rt all time~ in a etate oi ~ood repsir aod conditiou; ~nd
to do or ~ermit tu be done to eaid prcmiid nothina tlut Mill ~lter or ehan6t tlie we aqd eh~ncter of aid proptrtr or in anr w~y~
impair or wealcen the e~eurity of thie mort~e. And in care of the refasd, ~61ect or inabiliry of tbe Mestas`or to rr.pair and maioqia
aaid property, the Mort6a~ee ~nay, at 6is option, make ~nch re~ia or cause t6e same to be made, aqd rdraace monere in that be6alf.
(e) 7'o pay sll,and einsulor the taxes, aesewmente, leviet, li~bilitita. ~nd obli~tioue of every nrtnrC ee ~aid de~eribed prwpcrty u~h
and every when due and payal~le accordinR to law, betore they become delinqueat, ~nd eo ~delivec ~a the 1Hort~a6et on or be(ore Mar~h
75th ot tach jear tax rteeipta evidcncin6 l5c payment of dl lawfully imposed ttxee for tht pr+ecedior Calendar ytrr; lo indtmni~r lh~
iKortgaRee upon his demand for all taxee, asseanunte and eharses that tn~y be asad~ed apon tbir moRp~e on tbe iadebtedoees eecurtd
here6y, •nd p~id b~ the naort~taRee, wilhout rep,ard to any l~w 6erttoforc enacted ur herc~fttr to be eoacttd imposin6 p~~ment o( the
whole or any part thereot upo~ thc MortKsg~e.
(d) 7'o p~~ dl and eingular the coets, rhar6ee and eYptnsee~ indudin~ l~wyere' fera and abatract eo~ rcawnsbly inearred or p~id ~t
eny time by the Mort6agee becanse of ~he (ailure nn the pitt af tht 1rlortFaRor to perForm, towplr with and abide by each and every
the ~tipulations, •Erermenta, conditione and co~enanta o( said promieeory note ~nd this detd, or eitheq and every euth parinent ehall
bear intere~t from date at the ratc of ten per r~ntum per anmun.
(e) It ie further covennnted ¦nd a~reed br wid partiee that in the event of ¦ 6uit bein6 institnted to (orecloee thio mort6t6e, tbe Mort•
6a6ee ehail be entitlr.d ta apply at any time pendiu~ sneb foreclorure ~nit to tLt court 6avis~ jur»dietion ebxrevt fvr iLe appeioiment
of a receiver o( ~l! and eingular the murt6a6ed property. and af ~ll rcme~ incomes, probis, iasuea ~nd reveaud the~eo(, from wh~tsocver
eource derived; and thereupon it ie hereby expreraly eaa~erunted and •6reed t}1~t tbe Caurt ~hall [orthv+ith rppoint ent6 reetiver with
the ususl powert and duties o( rec~ivere in like casea; ~ad ~aid •ppointment a~ll be made b7 the court as ~ mstter of etriet ri66t t~o
the 1ltongaaeo, ~nd without refcrence tu the rdequacy or inadeqwey of thr valur of thr propeny 6ertby morr~a6ed. or to tht aolvancy
or ineoh•en~y of the Mongagors or any other pany defendant to eueh euit. The Mort~6or berebr speci6cally waives the tight to
objert to the appointment vf a rec~i~•e: 86 atoreeaid and 6treby tzpreseiy conseota that ench appointment ~all be made a~ ams admitted
equity snd a8 a matter of ahsulute riRF?t to the Mort6a6et and that the same map be done without eotiee to the Mort6saor.
(f) It forc~loeure proceedin~s ahould be inetituted a~einrt tht ptopertg covered by tLia mon6e6e np~on an~ othcr lien ar claim whethtr
alleRed to b~ euperior ur junior to the lien of this morl6aRq th~ MoriFaqee nw7 at his option immtdiatelr apon imtitution of wch
euit or durinR the pendeney thereof decl~re thi6 mort6aae and tbe indebte~ine~a Kcured hertbr ~ut snd payahle forthwith and map ~t
ita op~ion pro~~re~i to forerluae t~ig mvt[Eeft.
(R) That the biort~gor will keep all real and pereenal property now• or hercafter encumbcred by the lien of thie moRRa6e ineured
~e may he required irom time to ticne by the M~tt6a~te a6ainst )oee by 5re, windstorm snd other ~sif~8~ tasualtiea and contin6enciw
for euch pcrio3e and fo~ not leae than euc6 amo~mts u ma~ be reqnired by the Mort6egee and ta pa7 pron~pdy wtun dae ali premiume
for eu~h ineursnce. T'he ~moun~s of inaursnce reqnired b~ the Mortaa6ee e.hall be the miaimnm amounte (or which eaid ioaunnce shall
be written and it ehall be incumbent upon the Monaa6or to uu'int~in sueh ~ddition~l ioentance ae m~r be n~cessary to mcet and comply
fully with all c~insaraate rcquiremcnta rooui~ed in pid policies te the end tbat tl~e wid Mortsa6or is not r cainsnror t6ereundcr.
Ineurance shalr be written by a compsny~ or companies approved or ddi~uted by the Mort6a6ee and allpo liciea and renew~la thereof
shsll be held by the htort6a6ce. All deuifed deai6nations 67 the Mort~saor whic6 ore aecepted by the Mortaaaee •nd ~ll aRre~ementa
berwten Mart6agor and Mort~agee rclptin6 to imur~det, now esiepn~ or htreafter msde, ?6a11 bt i~ wretin6 rad ~6aU bt ~ part of thee
mort6rge aarcement u fully aa ihou6h ~et (orth verbatim herein and shall 6overn both parties hereto and tbeir wccdsora ~nd aesigne.
\o lien upon any ot baid policiee of inauraoce or upon tnr retvnd or return premium which may be payable on tbe ancellation or
tcrmination there~f, ~hall be Riv-n to other than t~t Mortsa6eq except by proper endoratmeat affixed to euth polic~ and approved by
1SortRs6ee. Each palicy of ineurance ehall hsx~ sffixed thereto • Standard New York Mort~taRee Clauee withotit Contribution„ making
~11 ?ose or losees und~r Puch peliey payable to the Mort~aRee ~a ita intereat may apptar. In the event ~ny enm or ~nme of money b~comc
PaY~ble thrreunder the MortgsKee ehall have the option to rective and apply Ihe eame on a~count of tht indebtedness herebr eecared, ~
or to p~rmit the Mort~aRor to receive and use it, or a~y part ther~o(, without thereby waivin~t or imp~irin6 ~ny eqnity, lien; or ri6ht
under end by virtne of thie mort~aR~. In evrr.t of loes or phyeiral damaFe to thr mortFaRed property the Mortgs6or ~}ull K~ve irome-
di~te notice therco( b~ mAil to the MortKaFec and tht MortK~Rre moy rnake proof o! lose ii the wme is oot made promptly by thc
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