HomeMy WebLinkAbout1169 YKOVIUk;U, AI.WI~YS, that if the Mortgagor ehal! pay untu the Murt~agcx~ the indebtednrea rvi~lenced br a
certain prorr?isaory note oE wb.ich the falIowing in worJe and figurre is a true cop,y to-wit:
; Mo~'yoy~. No~
; 1~ 400. 00 Miami. Florida_ Tn~~ 12t~h. 19
~ FOR VAY.~IEtR~C~1VED w o~ ~~'r~ promise to pay
~ to the order oE Aa rr A~ ~
j the principal sum of ~~D ~@ ~ ~~1G0" • ~ • ~ ~OLLARS, together with interest
~ ihereon from clate at the rate of ten percent. per annum uneil maturity, both principal and interest being payable in
' lawful money of the United States at 20~ Roper Building, Miami, Florida, or at such other place as the holders hereof may
desi~nate in writing. ~'rincipal and ineerest payable in installments as follows:
i ~
I lA~srt~ t=3~.o0) Doll.r. po:.osw D.~dm~3a~ a? tl~.
1~1~L dy ot i~ary, 19ri6r aod o~tl~nias ~a i~ ls4!?
~ ds,,? ot No3~ as~8 ~~qqr nontb tl~tt~e ~vatil prid ie
l~?11.
"i~his ne~te n~:t~' I~e ~~re~~aic1 in ~e~h<~le ~~r in I~art aitei ~~nc• ye:u inm~ the clate herec~t ti~x~n ~>a)~ment e~E a}~en.ilty
- I e~~ui~~aien[ w tk~u E~rrcent ut the ~~rinci~~al sinu E,re~~aid.
~ ~:ach installment payment shall be credited first on che interest due, and the remainder on ~~rincipal; and interest
- i
I shall thereupon cease upon the principal so credited.
, The rnakers and endorsers oE this note further agree to waive demand, notice of non-payment and protest, and
I in che event cuit shall be broughc for the collection hereof, or tht same has to be collected upon demand of an attorney,
to pay reasonable attorney's fees for making such collection.
~ Deferred paynients hereunder shall bear interest at the rate of ten percenc. per annum Erom maturity until paid. I
~ This note is secured by a mortgage oE even date herewith and is to be construed and enforced according to the laws
of che Scate of Florida; upon default in the payment of principal and/or inceresc when due, the whole sum of principal
:inc! interest remaining unpaid shall, at the option of the holders, becoxne inxmediately due and payable.
v:1+~S~',~Y' :JC:.LM7Z~r'~~E (SEAL)
~:oi:~ ~~ZAnti~le ~(SEAL)
~
and ahall perform, comply with and abide by each and every the eLipulatione, a~retmenta, conditione and covenanie of
aaicl promissor~~ note and of this dr.ed, then thie deed and the eetate thereby created eh~ll ceaee ~nd be null and void.
1. The Mortgagor hereby covenante and agrees:
(a) To pay sii ~nd ~in6utar the prineipal md ioterest and otha ~nma at roooey payable by Firtue oi srid promieeory nute and thie
deed, or tithcr, promptly on the day~ rdpettively lhe same ~erally beton~es dut.
(b) To permit, cammit or euHer no w~r~te Rnd ta maintain tlMe improvemee~b rt all ticaote in et~te of 6ood repair ~nd conditien; ¦nd
to do or permit tu be done to eaid premiete nothina t6at ~vill dter or c6anEe the we and charaeter o[ wid propeet~ or in aoy way
i~npair or weo{cen thc eccurity of thie mort6a6e. A:td in case of the refusal, oe6lect or iaabilit~ o( tbe Mon~aor to re~sir ~nd maint~in
aaid property, the Mortsa6ec ~ay, at 6is option, make •uch repure or uuee tht eame to be aude, and adrance monera ia that bebalf.
(c) 1'o pay all and einRular the irxee, aeseeanrente, levies, li~bilitiee. ~nd obli6atione of ev~r7 naturt on srid dtseribed preperty each
and evrry when due end payable atcordin6 to ?~w, before tbey become dtlinquent, rnd to deliver te tbe Mon6a6oe on or before March
15th of each ytar tax re~eipte evic3encinR the payment of all LwtuUy impo~ed taxes (or the preeedia6 cattndar year; to indemnify t}~~
44ortFaFee upon his demand for all taxes, aeseesmenta and ehars~ th9t m~y be rnse~eed upon theo mort6ase on the indebtedneee eecured
hereby, and paid by the mortRaRe~, without re~ard to rny law herctofore enacted or herealttr to be enacted impoeins parment of ihe
whule or any part thcreof upon thc':Wortgegtt.
( d 1 To pay all and singular the coetb, char6eE and expensea, indudin6 Irwqers' fets rnd abstract costa rtuonaltly ineurred or paid at
rnr time by the Mori~Sagee becnusP of th~ hilure on the part o( the HortR~Fur to perforin, comply wic6 ~nd abide by each and every
th~ stipulationa, agre~montE, cunditions and co~enante of eaid promieeory note ~nd this dted, or eitLer, and evsry euch prytnent ehall
bcar intueet from date st the rate of ten per centum per •nn~uri.
(e) It is further covcnanted and aFreed by wid paniee that in the e~~ent of a euit bein~ inatituted to forccloee thie mort6a6e, the ~iort-
FaRee ehall be entitled to apply at •ny time pendiu6 ~oeh (orecloaure anit to the coart havin6 jurirdietiou ei~crcof far the appeintme~t
of a receiver of all and ein~ular the mort~a6ed property, and ot all rtnts, incomd, profits, iaud md rtvenue~ tbe~eof, from wl~ataoever
eource derived; and thereupon it ie hcreby exprtaelr eovenanted and •6rnd th~t tbe Court ehrll [or[hwith oppoint euch receiver with
the ueuel powers aod duties o( rereivere in like cacea; md raid appointment ~ll be made by the court as a mattcr of strict riR6t to
the MortFagee, and without referrnce tu th~ adequacy or in~deqaiey of the value af the property hereby mortga~ed, or to the eolvency
ur ineolvency of the Mortgagors or any other psrty de(end~nt to eueh suit. 'I°h~ MortaaFor herebr epeci6call}~ wsivee the right to
object to th~ appointment o( a recei~~er aR a(oresaid and heteby expresely ~onteents that each appointment ehall be made oe an ¦dmitted
equity and ae a mwtler of absulute riqht to the Mort6a6et ~nd th~t the same ma7 be done without notice to the Mort~a6or.
(tl If forecloBUre procredin~ should be inetituted a6ai?~t t1~e property coverrd by thie mortga6e upan rnr other litn or claim wheth~r
rlleged to he superior or junior to the lien of thie mort6aae, the Mort~aFee m~y at hiR option immediately upon inetitution of euch
suit or durinR thr penc]ency thereof 3eclrre thi6 mortEa6e and the indeLtedne~B s~cured hereb~ due ~nd parabte forthwith •nd may •t
ite option prarred tu forerluee thie mort~aRe.
(R1 That the ylortp~a~or wii! L-eep alt re~l rnd penonal propcrty now or hert~fter encumbered by the lien of thie mortp~a~e insured
ae ~nay be rcyuircd frorr, time to tiine by the Mon~.aee .gainac loea by &re, wind~torru and other ha:ards, caeualtiea and contingeacire
fur eurh pcriods snd for not ieea than such amo~tnts aY ma7 be required by the Mort6aget and to pay pron:pdy w6tn due ali premiume
for eu~h inaurance. The amount~ of inaunnct requirtd 67 tbe Mort~aet ehdl br tht minimum amaunte for whieh eaid inautance shall
be writtrn and it e6a11 be incumbent upon the Mon6a6or to maiotain eneh •dditional ineur~nec ae may be ntceasary to meet and eomply
fully with all eainsur~nte requiremente coouined in wid policid to the end th~t the ssid Mortga6or ia not a co-inearor ihcreunder.
Ineu~an~~ rh:ii be written by ¦ company~ or comp. ~iea approved or ddi~nated by the MortKa6st and all policita and renewals thereo(
±hal! ~e held by the MortSaFe~. A!1 detailed deei6oationi br the Mort6a~or whirh rre accepted by the Mort6a6ee and all ¦6rc~niente
between Mo:~Fagor rnd Mort~agee relatinK to insurance, now enieting or hererfter made, sball be in writin~ atsd ehall be • part of thie
mortgag~ rgreement se fully ae thoush eet forth verbatim herein and ehall 6overn both partiea hereto and tbeir wceeasors and aeeiFne.
~io licn upon any of baid policiee o( ineutante or upon ~n~ refunJ or return premium which may be payable on tbt can~eil~tion or
!c~mination thereot, ehall be Riven to ot6er then the Mort~see, ~xcept by proper endorsemem af~txr.d to such poticy and •ppro~ed by
itartgaRee. Each policy of insuranre ehall hexe affixed ther~to a Standyrd Nrw York MortEaRee Clauee withont Contribution, makinF
ell lose or loee~e under wuch policy payable to the MortFa~te ae ite im~rest may appear. In the event any eum or sume of ~noney ~~onu~
payable therPUnder the MortgeRee ehall have the eption to receive and apply the eame on ec~ount of the indebtedneae hereby etcured,
ar to prrmit the .NortR~Ror to reccive and uee it, or any part thrreof, without thereby waivin~t or impairin}~ any equity, lien~ or ri~ht
under and by virtur of thie mort~aRr. In ~v~nt of loee or phyei~al da~uaFe t~~ the ~nort~taRed property tht MortRa~or ehaU Xive inrme•
di~te notice thereof bq m~il to the MorlRaRee end the NortRaFe~e may niake proof of loss if the eame ia not mrde prompNy by ?he
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