HomeMy WebLinkAbout1121 PROVIU~:U, A[.WAYS, that i[ the Mortgagur ehall pay untu the Martgagee ihe ia~lebie~lnesa evidenced by s
certain promiseary note o[ which t~he fallowing in wurde and fibures is a true copy to-wit:
` Ma~s /Yo~l.
1~000•00 Miami, Florida ~avMbsz 22~d~_ 196~
~
FOR VALI~ EI~D ao~~i ~ _ _ _ - ~promise to pay /
~ 1'i~~~ • 5~~~
, ~ to the order of i
~ ~he princi~aal sum of ~ ~D ~ ~ 1~~ ~ ' DnLLARS, together with interest ~
~ chereon from clate at che rate oE ten percent. per annum uncil maturity, both principal and interest being payable in
I la~•[ul money of the United Scates at ~~0~ Roper Building, Miami, Florida, or at such ather place as the holders hereof may
i designace in writing. Principal and interest payablt in installments as Eollows:
; ?or1~? (:~0.00~ Dollarr p~s ~?th D~intin~ aa tw Is~h
` dy~ oY da~airy?, 1'9~6~ wad oaatitnaix~ a~n ths 15ib da,• or
; weaa aa~ s~~s7 aout,D th~r~att~r x~til psid ia tw11.
~
'1'his nc~te ~u:iy I~e ~n'e~>aicl in ~~•hule ur in ~~art after c~ne )e.u~ tru~n the <late heree>f u~un~ ~r.t~•inent uF a}>enalty
eyuivalent to t~co ~x~rceiit ui the E~rinci~~al sum E~reNaid.
~:ach instalimenc paymene shall be creciited Eirst on the interest due, and the remainder on Yrincipal; and interest
shall thereupon cease upon the principal so credited.
The makers and endorsers of this note furtt?er agree to waive demand, notice of no~-payment and pr~test, an3
in the event ~uit shall be brought for the collection hereof, or the same has to be ccllected upon demand of an atcorney,
to pay reasonable attorney's fees for making such collection.
( Deferred payments hereunder shall bpar interest at the rate of ten Fercenc. per annura Erom mat~risy untii paid. ~
This note is secured by a mortgage of even date herewith and is to be construed and enforced accerding to the laws
of the State of Florida; upon default in the payment of principal and/or interest when due, the whale surn of principal
ancl interest remaining uripaid shall, at the option of the holders, become immediately due and payable.
~_oruCe ~ . Cooley ~SEAL)
I
,~li sc . ~~.:~oicy _ (sE~.) ~
and ehall perforin, cornply with and abide by each and every~ the etipulxtiona, ~arumente, cvnditions and covenanta of
eaid promia~or}• note and of this dr.ed, th~n thie deed and the eetate thAreby created eha? ceaee and be null and void.
1. The Martgagor hereby covenant~ and agree~:
Ia) To pay all ertd sin6ular tlie priacip~l and intereat and othQ sum~ of money pa7able by cirtue of eaid promiseory nute and thie
deed, or either, pro?npdy on the daye respectively the eame ~everolly bccomee due.
(bl To permet, com~nit or ~uHer no waate ~nd to m~intain the improvements rt ~ll times in r et~te oi 6ood repair aud tonditioo; ~nd
to do or permit to be done to aaid premieee nothioa t6~t will alter or ehsn6e the nee sod chsratter o( wid propert7 or in anr way
impoir ur weaken the sccurity of thie mort~aae. And in use o( the re[wal, ne6leet or inabilit7 of tbe Mort~aur !o rep~ir ~nd maintain
eaid propertr, the !~'~ort6a6re o?ay, ~t hie opteon, ~ake ~nch reprirs or cause the rune to be made, and sdvanee moneys in that behalf.
(c) To pay all and ein6ular the texee, aeeteements, leviey, liabilitiee, end obli6rtione of every natwe on said dtaeribed preperty esrh
and every when due snd payable aecording to law~ belore tbey become delinquent, md to ,deliver to the 14iort~s6ee on or before Mwrch
I~th ot each re~r tax reeeipta evidencinR the payment o( dl lawfullr imposed taxte fur thc precedio6 cdendar ytar, to indemnifr th~
MortgaRee upon hi~ demand for all tazes, aesessmente •nd char6ee that m~y be aases~ed upon this mortga~ on tht indebtedoeee accured
hereby, and peid by the mortReRee, wi~hout rt~r,ard to any l~w 6errtoforc enact~d on c~r~afttr to be enacted impaein~ pa~~ent o( the
whole or any part thcreof upon thc M1tortFaget.
(d) To pay all and eingular tht coets, chars~es •nd expeneee. indudina lawytee' fees Qnd abetract twta rtasonably incurred or paid at
any time by the Mort6agee because of the failure on the part of the 4lort~ta6ur to perform, coniply wit6 ~nd abide by each ond every
ihe etipuletiona. •6reementa, condi~ions and co~enente of eaid promieeory note •nd thie dtr_d, ar eit6tr, aod every euc6 payrnent ehall
bear intere~t from date at the rate ot ten per centum per annum.
(e) It is further covcnanted •nd aFreed 67 wid parties that in the event of ~ suit bein~ inatituted to forecloee thie mort6saq the Mort•
Ea~te ehall be entided to apply ~t aay time pendiu~ ~m6 toreelaure suit to tbe court havin6 juri~dietion ebereof Eor tbe sppsintment
of a receiver ot ¦11 and ein~ul~r the ~non~aed property, and of all rents. incomes, profits, i~sup ~nd revenues thereot, (~om wh~ewever
eource derived; and thereupon it ie hcreby e:presalq euvenaoted and r6reyed th~t the Contt ehdl forthwith ~ppoint euch reteiver with
the ueuel powere ~ad dutiea of receivere in lik~ usa; ~od wid ~pQoiotment a6~ll be mtde b~ the tourt as a matter oi etrict riF6t to
thr Mort~r,a~ee, and without reference to th~ adequacy or inadeqwey of t6e v~lue of the property hereby mort~s~ed, or ta the eolvency
ur ineolv~ney of the Mortga~ors or any other pany defendant to 6UfI1 Fuit. The MortSaRor herebr epeeificatly waiven tLe right tU
object to the appointmcnt of a receiv~r ae aforesaid •nd hereby txpresely conFCnts that each appointment sball be made ae an admitted
equity •nd as a matter of absolute riRht to the Mort~6et ¦nd th~i the 6ame may be dane svithout noti~e to the Mort6a6or.
(f ) If forerlosure pror~~din~s ahould be inetituted ¦6aTiwt the property ~overed by ihie mottaa6e apon •ny other lien or claim wh~ther
alle~ed to be superior or junior to the lien of thie mort6ase, tbe MortRaFee ~nry at hiR option immediatelr upon inetituti~n of 6UC}I
euit or durinF the pendency thereof declare thi~ rnott6ase and tbe indebtedne~e etcured hereby due snd pay~ble forthwith ¦nd may st
ite option pror~ed to fureclose thie ~uortFage~.
(g) That the Mort~rasor will l-eep all real and pereonal property now or herraher encumbered by the iien of thie mort~Sa~t ineured
ae ~nay be reyuirrl irom time to time by the Mort6a6ee a~irest loae by 6re, windstorn~ and other haz~rdR, canualtiee and continReociee
for guch periude and for not lese tban aueh amovnu at ma~ be reqnired by the Mort6agee and to pay prompdy w6en due oll premiume
(or eurh ineuranee. T'he amounts of insunnce reqnited b~ the MortP,r6de Ehal! be the n~inimum amounte !or which aaid insunnce ehxll
be writtrn and it ehall be incumbent upon tht Mort~a6or to m~intain eneb additional ineuranre ae mey be ne~uury to mett and comply
fully with all co-ineurance requiremrnta conttined in s~id policies to the end tLat the said Mort6asor ie not ¦ cainenror thereunder.
Ineurancc ahs1F be written by ~ company~ or comp~niee approved or desiputed by the 1liortga6ee and all polieiee and renewals therco(
shall be^ h~ld hy the Mort15a6ee. All detailed deai~atiom b7 the MortEs~or whic6 are ¦ecep1ed by the Mortaa6ex ~nd all agre~nxnts
between Mort~agor rnd MonRagee rclrtiag to insunnee, now e=ietinE or he~eafter made, e6all be in writin~ and ehall be ~ pan af thia
mortgage a~reement aa fully ~a thou6h ~et forth verbatim herein ~nd elull ~overn both parties hcreto and t6eir eucceseors and aeeiFne.
tio lien upon any of baid policiea of ineurance or upon any rofund or return premium which may be payabie on the cancdl~tion or
terrnination thereof, ehall be ~civen to otber ihan tbe Mort6aaee, except by ~rope~ endoreemrrtt affixed to such policy and •pproved by
'.VtortF~~ee. F,aeh policy of inaurance sh~ll h~xe ~R'ixed thereto s Stand~rd A~~. York MortgeFee Clsuee without Co~tribution, makinR
sll losc or loeeea under euch policy payable to the MortFaaee ae ite interest may app~er. In the event anq eum or sume af ?noney br~ame~
payable thereunder the MortgaRee Ahal! have the option to receive and apply the eame on a~~ount of the indebtedneee hereby eecur~d,
or io permit thr ':1~IoriFsFor to receive and uee it, or eny p~rt ther~u(, without th~reby waivinF ur irup~irinR ~ny eqoity, liet?~ or riKhi
under and by virtuc of thie mort~aFP. In ~ti~nt of loee or phyei~al da~uaR~ to th~ mortFaEed proprrty thr MortRaRor ehall R~ve imme-
~3ir!P natice thereoi by maii to the MurtRaKee rnd the :41ortFa~er may n~ake prooi ef lose if the eame ie oot m~de promptly by the
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