HomeMy WebLinkAbout1251 YKOVIC)EU, AL~VAYS, that if ~he Mortgagor shnll pay untu the Murtga6e~e the indebtednt•e r. e~idencec~ 6r a
certain promiee~ry note o[ which the following i~n worde and fiKusee ia a true cupy to-wit:
r
' Mo~~ays /Yots
i~ S-~~s~ ~iiami, Florida s4~~ ?4` _ 1~~
` FOR V:1I.i1~: RE~EIV~D _Y~. j0~~ ~Id _ ~~rumixtopay
~ tu the order o[___ t~as L. • _
! ehe principal sum oE~g ~,7~~,jn ~g 1~.. DOLLARS, together with interest
; tliereon from clate at the rate of ten percent. per annum until maturity, both principal and intetest being payable in
i law•ful money of the United States .~t '~0~ Roper ]3uilding, Miami, Florida, or at such other place as the holders hereot maY
I designate in writing. Principal and incerest payable in installments as follows:
~hi~rtJr (t30•~) Dc?1].ass p~r ,ir~ontb b~iuo.t~ oa t~ 1Stb
I ~T ~~~'7. 19~ •~~;~~i cs ~ 2~~ ieyr ot
~aab ~ad otrtr~ soatir tbtr~t3os t~til psid ia tail.
I 'I~tii, nutc~ ii~:~~ I~r ~~ic~,:ii~l iz~ ~~hulr ur in ~~:i~r :ilter u~ir ~r•:ir Itui;~ tlie ~I:ite• he~c~~l u~x,~i ~,,i~~nei?t e>f a frenalt~~
ryui~.ilent tc~ t«u ~zercent ut the Oninci~ril ~iun ~~re~~aii1.
I Each installmene payment shall be credieed Eirst on che incerest due, and the remainder on Euincipal; and interest
i shall thereupon cease upun the princzpal so credited.
I The makers an<i endorsers of this note further agree to waive demancl, rtotice of nori ~arrnene a~id protest, and
in che evenc suit shafl be br~t~ght for che collection hereof, or the same has to b~ collecced upon demand oE an auornev,
to pay reasonable attorney's fees for making such collection.
i neferred payments hereunder shall bPar interest at the rate of ten percenc. per annum from macurity uncil paSd.
"I'his note is secured by a mortgage of even date herewith and is co be construed and enEorced accc~rding to the laws
oE che State oE Floricia; u~on default in the payment of principal and/or interest when due, che whole sum of principal
.llt(~ i:~terest remaining unpaid shall, at the option of the halders, become ir~mediately due and payable.
J..~:11~: ~ u._ .;0:1 (SEAL)
_ - ic°, , u v _ _ (SF~.I,)
ancl ahall perforrn, comply with and abide by each and every the stipulatione, a6reements, cooditiom and coienanL d
~aid promiaaor}• note and of thie deed, then thie deed and the eetate thereby created ehail ce~e snd be na~l aed ~oi~
l. "I'he ~1'Iort~agor hereby covenante and agreea:
( a l To pay all and sin~ular the prineipal and iaterat and ot6er snmi d mooe~ pa~abte by cirsue of s~id pr~miswry eate aa~d tL'u
deed, ur either, prampdy on the day~ rapectively tbe sau~e ~everail7 becomes dne.
161 To pennit, commit or eu~er no waste and ta maintain tbe i~provtmeots at all tima in • etsts d 6oad repsir a~ c~ti+r; a~
to do ur permit to he done to oai~3 premieea nothin6 that will alter or ehan6e the ase ~ed ctia~ute~ d oid p~opert7 ~r ia a~y r.a;
irnpair or weafcen the security of tLie mort6a~t. And iu ease of tht rt[nW, ne6kct or in~bilit' ai tbe M~rtp~wc t~ rt~air ~ed ~i~tai~
said propcrty, the !1~Sortga6ce ~nay, ~t bia option, make ~neL reprirs or causc the wme te be ~aa~e, a~d airarce m~we~s i~ tdt beiaH.
(c) 1'o pay sll and ~in6ulae the taxee, aa~eesmente, levica, liabilitia, and obli6atiooe o( e~•er7 natore ~a ~id iescri~ei ~~sp~sy esc~
anu ever~~ when ~i~ce and payable accordin6 to law, betore they beeome deiioqu~ae, and to rdeliver to t~e Mortp~et N~r beFKe llarrl
17th of earh yter ux rtecipta evid~ncin~ t6e payment of all 4wfull~r impwed taxts (or the p~ec.t~n~ taLeodar ~dr; c~ indamaif~ ti~
~lortFaKee upon hi• d~m~nd for all t~zes, aesc~emente •nd char~ee thot may be sasuxd opon this ~oertp~e a~ tbt i~dt6ted~eee rec~re~
hereby, and paid by the moriRaReq wi~houi reRerd to •ny law heretofore enactrd or her~aiter to ix eascted impwiaa pey'inest uf ib
wtwle or any prrt thcreo( upon thc '.41ortRagte.
l d 1 To pay all end eiaguiar the coeta, char6ca and expeo~e~, indu~inR law~ers' fcea ~nd al~stract ca~ta rcasaeablT iscurred ~r peid ~
enr :ime by the Mongegee beceus~e of the f~i(ure oo the part of the :HortgaEor to periorny, eoaapl7 ~ritb ~ad sbide bp exh rod cQrr
the etipulations, rEreemen+a, conditionR and covtn~nte o! said promieaory note ¦nd thia deed, ur eitber, aed every auc~ y~raeat ah~l
bear interc~t from date at thc rate of ten per centum per annum.
(e) It is further covenyntcd •nd 4Rreed by eaid p¦rtice tLat io t6e event oi ¦ svit beiaE instituted to (sred~ae 16i~ mart6a6e, !be 3f~r
F~R~~ ehall br entitled to apply at •ny timc pcndiu~ ~nth (otcelwure ~ait to tlre toart 6arira jurw~ictioo e~emf f~r tLe ipp~ia~e:
of a receiver of all and eingular t6e mort6aaed progetiy, and o( all tetris. incoma, pro6ts, iasue~ ind revea+aes t6ertyl, rLa~s+tre
eource derived; snd thcreupon it ie hcreby exprraaly tovenanicd and ~areed t6~t tbe Cenrt s6~ll f~rtbv?it6 appsiat see~ eeoener +rii
the ueual powere and dutiee of TCCPIYtf6 in like casea; end aaid ~ppointmeat ah~ll be mtde br tbe conrt as a~mtte: ef etriet ri,~t t
the 14Sort~yage~, and withouC rcference t~ t}rr ¦dequacy or inadtqwey of tht vslue of the ptopertr htrebr mortsa~ K I~ 1~!! M?IiCRt
or inealvvncy of the Mnrtgagors or any other party dt(emdaat to euch suit. The Mort6a~or 6ereb7 specif~ally waivts t~ ri~t t
oLject [o the appointmeni o~ a rec~i~~r L6 a~oreaaid and bereby esprcaely co~nts that eneh appointment ~ha11 be ~dt as ae ~~aette
equity and ae a matter of ahsulute riR}?t to the Morc6a6ee and th~t the 6ame maT bt done widwut ostiee to ibt Mrrt~s~.
(f ? I( forecloeur~ proceedin~b ahould he inetituted ~saiost t6e propert~ ~overed by Ehis mort~a6+e upon ~a7 other Lisa or c1aiN xhrtlM
alleRed to he superiar ur juniur to the lien o( [hie matt6a6e, the Aiortg~~rt may rt hie option imroediattl7 npon insiitutia~n rf ~rr
sifit or durinR the pene3cncy thereof ~3eclare this mort6a~e and tbe indeb~ednesa ~ecurcd hereby dvc ind p.7abk t.~.i~ aad ~nay +
ite optivn prorecd ro(orerluaP thie mortKa~e.
(RI Thet the :~fortEnEor w~ill kerp a!1 reel and peroooal propetty now or her~sfter eocumbrred by thc lien of thia mastpEe +~+snrr.
a. ir~ay bc rcyuired from time to time by tht Mortaa6ce ~sairrt loea by Sre, wiodstonn and other hazards, eaeaaltiea aod cswtin~eari+
for fiuch pcriods ared fo~ not leee thsn such amountc u mar bt eeqaired by the Mort~a6ee an~ ta pa7 promptl~ wLea dae all premisn
ior eu~h inaurance. 1'he amounta of insuranet required b~ the Mort6a~ce ehall be the minicnrun ~mountis for a?hic6 wid issarawr,e ~
Le written and it ehall be incumbent upon the Mort6a~vr to mainltin tneh additiam! inanranee u msr bt aec~eassr7~ to ~et ard earpJ
fully w~ith all co•inaurance requirementa couuined in aid policies to tlte end that the s~id Mortgaaor is not ¦ ~o-i~sror tLere~+dr
Ineurance shalt' br written by a company or comp~nies approved or de~i6nated by t6e Mort~a6ee and all policiee a»d renexala ttKm
ehall 6P 5eld by the Mort~axee. All detailed desi~tioee b7 tbe Mort~6ar whic6 ¦re aeec~ted b~ the M~rt~~ee asd ~ll sge~ea
hetween Mort~sgor ~od Mortgagee relrtin6 to irauraeet, now t~ieting ar hererfter m~de, sl~all bt in writin~ aad eiuU be a part of x6
mortgage agreement as fully se though set forth verbstim herein and ehall 6overn boch parties hereto and t6eir eoeeason md aesi{~n
lien upon any of haid policiet of inrurance or upon anr refdnd or return premium which may be payabk o~ t~e canctilatiae ~
terrnination thereof, ehsll be (~iven to othtr thaq the Monaa6ee, ezcept by ~rope.r endoreement af5xed to sacb polic~ aed approred F
~lortRa~ee. Each policy of inaurance ehall haxe a!f'ixed thereto a.~+tendrrd ?rew York :HortE:sEee t:lauar Mr;tLoat f.owibmiee, maki~
a!t lose or loases ander euch poiicy payable to the Mort~agte ae ite intereet m~y appear. Yn the evrnt any wm or sa:ua d mos~7 beron
payable thrrcundrr the MortgaRee shall have the option to rcceive and apply the e+~me on a<count af t'ht iodebte~v.as berrb~ ~ecnre
or to permit the AlortRagor to receive and ude it, or any part thueol, wi[hout thereby w~ir-inR or impairin6 an7 eqnitj, lies~ x ri~C
under and by virtue of thiR mortga~e. (n rv~nt of loee or phyei~~+l dsruaFe tr~ thr mortFaErd ~iropcrt7 the MortEs6or shall ~t iaxn
diaic natice thercof b~ meil to the MortFaRrr and the Mort6aKee may ma{ce proof o( loss if the aame ie no~ made pr~rop117 67 d
„ p ~ ~
~~i{,r ~,J