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Home My WebLink About0308 PROVIDED, AL~VAYS, t6at if tha Mortaasor ~haU pay unto the Mortga6ee the indebtedncee evideaocd by a ~ certain promiewq note ot wbich t4e ioUowina ia worda and 6gures is a true copy tawit: ~ _ /~ION~90~ ~O~ ~ 1, 950.00 Miami, Floria~ ~lrs'Y~as! 11 1~ ; I ~ ~~y romise to ~ FOR VALA~ri~OiiAS~.I~ ~ B M P PaY io che order oE ~ che principal sum of A~! ~I~i ~I!!t >!n ~DOLLARS. together with interat ~ ~ i hereon from dace at the rate of ten percent.pa annum until maturity. both principal and interest beingpa yable in ~ lawful money of the United States at 203 Roper Buildiug. Miami, Florida. or at such other place as the holders hertof taay I desigaate in writing. Principal and interat payabk in imtallmenu as follows: ; ' 8,~c~ ~ ii0.i~) ~lla~ ~r a~a~ o~ ~la 1 S~ W at ~~jiari~~ 19if. ~a~t ~ ~a 1i~ S~1? ~y st ~ae~t a~ ~rv~ ao~~i ~aiatil pai ia l1s11. ~ I This note may be prepaid in ~vhole or in part after one year irom the date hereof upon payment of a penalty + ; eyuivalent two percent of the principal sum prepaid. i Each installment payment shall be credited Eirst on the interest due, and the remainder on principal; and interest i shall thereupon cr~se upon the prindpal so uedited. ? The makers and endoraers ot this note fnrther agree to waive demand. notice oE non-payment and protest, and i in che event cuit shall be brought for the rnlltction htnof, or the same has to be coliated upon demand oE an attorney. ca pay reasonable attorney's fees for making such collection. ~ Deferred payments hereundu ~all beu intaat it the rate of ten percenc. pa annum Erom maturity until paid. - ~ lfiis note is secured by a mortgage of even date here~vith and is to be consuued and enforced accor. ding to the laws i of th~ State of Florida; upon default in the paymuent oE prinapal and/or interat when due, the whole sum of principal and interest remaining unpaid shall. at the option of the holders, baome immcdiately due and payable. ! ~ { i~i . H . SAGCrT~,'rl' (SEALj EVELYN D . BAGGETT (SEAL) s ~nd shall pedorai, comply with and abide by eacL aad evuy the stipnLtioay a6reeement4 condition~ and oovcnanb o[ aaid pmmiesory aote and of thia da;d, then this deed and the e~tate thereby created sball oeaae and be nnH aad void. 1. The Mortga6or hereby oove~aot~ and aaree~: i To pq dl ~nd sinsnlu tbe~P~ and istuat ud ~tLer ~ow ~f oNe7 P~7~~ b7 riitoe ot Mid pcomi~seq sote and tL'u ~ deed, or eit6er. Promptll ~n t6e dqs rapeetirel~ fLe s~me ~tirorall~ beeoou d~e. ~ (b) To pumiti e.mmit or wEer n..vaue and ~o m.inai. ~Le impc.vemaw ai dl dme. ~~t~te ~wd rep~ir a~ uaditi~u; and to do or pcrmit to be doae to ~aid premiae~ e~ia t6~t wrill dter or e6n~e tbe ~e ud eh~r~et~er d wd p~pert~ ~r in a¦~ rny ~ ~ imp~ir er r?akea tbe ~eearit~ ~f t6is m~rtaa~e. ~ ia we ot t6e refwl. oe~leet ~r i~bilit~ ~I tbe 11[~rtppr t~ repair ~ed m~istaia ~ E wid ProP~+t7. tbe MortP~ee oa7. ~t 6u ~ptioa~ auk,e ncL repin na~ tLe s~me a b e e a a e. ~ s d ~ r s ~ e e m~eer in t d t b e L d f. ~ (e) To pay aU aad sia6alar the tua, awewmcnn. tevia, liabilxies, and ~bliptiw~ o~ eva~r aatiu~e ~a aid ~aeribei deb ~ and evup ~rhen dae and pa~~ble seeordias t~ la~r, bef~re beeome ddisqneo~t. ~ed t~ ,delirer t~ t6e ~[ortp~ee w a~ ere l[arc6 lSth ot cach ~ear tu receipt~ eridcneina tbe p~~ment of d~nll~ impo~ed tua for tbe preeodias uleod~r ~ar: t~ indansii~ tbe ~ Mortsa6ee npoe hu demand tor all tuca, as~ewaenU and e~c~ t6at m~~ be ~s~ated upoe t6is artp~e ~s tbe iadebte~w secured ~ Lercbr, and p~id b~ the mort~6ee, ~ri~hom reprd to aa~ la~r beretei~re eoaeted or bereaRer ts be ea~eted i~pitia6 pqme~t ef tLe r~hole or anr p~rt thereof upoo the Mortsasee. ~ ld) To pq all md sinsular tbe ewti, eLu~s aod espeoky isdudins la~er~' tea ~nd ~bpraet ewes rewoe~bl~ inearred ~rpu d st ~n~ time b~ t6e 1~art6a6ee because of the f~itore on t6e put of t6e ?V~ertp6or t~ perfon0. ~PZT with ud abide b~ e~e6 and e~ery tbe stipulatioos. agetments, eonditions and eovcwnt~ ot wid promiawq note ~nd tLis de~d, oc eitber, aed e~ wc6 W7~~ bear interat from due at tLe rate ot tee per eeetom per ~mms. le) It is fanher co~ea~nted sod aEreed b~ wd d t6u ia tbe evicet ef • snit beies i~titoted t~ t~reelNe tL'a mortp~e, tbe ~Iort- 6~d~ ~hall be eatitkd to applr at aa~ time • ius ~ech t~reelwre sait t~ tre ewet tiavis` jnri~dieties ~ia~ee~ Eor tLe app~i~ of a reeeiver ot all and sin~ular t6e mortP6~ P~oP~I. and all re~Na. ieeesti. Pr~Lu. i~sua aad reoeaaa t6esai, [rom w1~s~e~v 3 sotvee dtrived; and t6ercupon it i~ Lerebr c~rasl~ e~~erateil aod a~eed tLN tbe Gnrt ~Il t~rt6~?it~ ~ppoiri r~eL e+eoei~er wit1+ + tl~e wod powen ud doties d reeeiven io like eaw; ui wW ~pp~iutmuM sLdl be m~de b~ t6e eoort as ei ~trict ri66t ~o the Mortpsee, aad ~+it6QOt refercoee to the adeqoaer ~r iwdeqorer of tbe vdoe of 16e propat~ 6eceb~ mortp~ed, ~r t~ d~e wlvencp or iw~lvroe~ ot tbe Mortp6on or an~ ot6er p.ny defeadue eo snc6 soit T6e li~ertp6or haeb~ ~peei5a11~ rrai~« tLe ri6ht te objeet t~ t6e ~ppointment of a rceeiver as a(ordaid aed hereb7 etprerl~ t~nsems t6at sscb ~ppointment ~hall be made a~ ao admitted ~ equiq ~ad as a matur o( ~bsolute ri~ht to tLe Mert~a,ee ~ed tLat tbe same ms~ be done ~ritbeut notiee to tbe ~l~rya6er. (i) U to~eelwwe preeeedinas sbonld be imtituted apia~t tLepr~pertr eetered b7 ~~~6~6~ ~e ~ o~ u~ or e4im w6etLer aUesed to be superior or jnnior to t6e lien of tlus m~rtp~e, tbe Mert6a6ee ioq at his opNoe imroediuel7 ~pon iostitntion ~t we6 snit or dnrin6 t6e pendeoe~ thereof declare this oortp~e and tbe indebtedeeis ~eewed bereb~ dae aed p~rble t~rtin+it6 aed mar at ~ ib option proreed to (oreclwe tlw mortp6e. la) That tLe ~dortpaor ~rill keep all ral ~nd P~ P~~V no~r or bereafter e~eumbercd b~ tbc liee of thiu w~rtp~c iesared ~ a~ ma~ be required from time to time b~ t6e 1[e~tp~,e apinrt iw b~ 6n, wiadstorm and ot6er 6wrd~, easaaltia and c~otie6meie~ ~ (or saeb periob awd tor oot las tLan we6 amo~mu a~ mq `e ~eq~ired ~tbe ~[~rtp~ee and to pq prompd~ rrLe~ doe dl premiams F~ for ~nch insnnaea 17~e ~moonts of inwnnee req~ired b~ tie Iiort6~6x 1 be tbe minimon ~mounts for ~r6ie6 pid imura~ee ~6d1 be wrritten and it ~6a11 be inenmbeat npon tbe Mertppr u m~iwin s~eL additiowd insaraaoe a~ m~~ be necewq t~ ~oeet asdcompl ~ ~ fu11~ with all eaimura'oe reqairemeau coat~ined in •Mid rlieia u tbe md tL~t tbe wid 11[~rtpser is net ~ eaia~oror tbere~ndu Imnnnee a6dt be Mrritua br • eompany or ampasies ~p~o~ed er daip~ated b~r t6e ll~ertp6,ee and all~policie~ ~nd ra~eMrals tbereo( ~ sh~ll be beld b~ tbe Mortp6ee. Al) det~iled dai~tlees b~ t6e Mort6a~or w6ie6 are~e~pt ed b~ t6e ~l~rt~~ee and all age~ou behveen Mortpsor ~d l[~rtaa~ee re4tia t~ iannsee, sew e~tia6 or herpfter m~dt, ~LaU be in wrritin~ ~sd ~LaD be a part oi tLis mor~sa6e ~srcdneat r folly as t6oo`h ~et ~orth ~ubsti~ her~ie ~od s6d1 so~ua botb partia 6ereto aed tbeir weeawn and a~sipr. i~io lieo npon au~ d~aidpo lities oi ios~ranee ot upon u~ rdmd or rcturn premimo ~6ieh ma7 bt p~~able o~ tbe c~soellatioo or u7 ~ tesmieatio~ t6ereo(. ~ll be sivea to otbec t6aa tbe Mort~~ee, eseept b~~ proper endorsemeot t~ed to weL polie~ asd ~pprs~ed b~ ~ ~ blort6asee. Eae6 polie~ of insnnnee shall Lase ~6sed tt~ereto • Stand~rd New York Msrtp aee Clawe ~?itboat C•o~tcibotiss, makiaa ; dl low or loaes mder ~o~ polic~p a~ble to tLe Mort6a~ee n ib iaternt ma~ appear. In tbe eveat ao sum or sow d mooe~r beeomc ~ pa~~ble thereunder the Mort~Ree ~hall have t6e eptioo t~ reeei~e and lr ~he ume oa ~econm of ~ indebtedsc+s bereb~ ~eeored, 4 ~ ~h ~pp ~ or to permit the Mertaa6or to reeeive and use it, or ~nr put thveof, ~n'tbout tbercbr ~rairia6 or imp~irin~ ~~n~ eqait~, lieo~ or ri66t nnder ~od br ~inae ot tL'u mortpRe. Io event ef lor at p6~sieal d~mase to the mortRased propert~ tbe Martp6or shall p~e iroma diue notiee thereof b~ mail to the Mortsa6ee aad t6e Mortp6ee m~r make proef of 1oN it t6e ~aree is not made promptl7 67 tbe ~ ~ . . O R g~oK139 305 , . - _ _ _ - . - _ ; , . - x - ~ ~ - ~ ~ ~ .