HomeMy WebLinkAbout0691 i
PROVIDED, ALWAYS, that it tbe Mo~t6a6or ~hall pay u~to the Mortgaaee the indebtedatee evideaced by a
certain promissos~ note oE which the [ollowina in words and figuree ia a true copy to-wit: ~
- ~?O~i ~
ar~9°9~ ri~.~r ~ ~
f 6~3~•~ Miami, Florida 19 _ ~
~
w ; Z ~
FOR VALUE RECEIVED promisetopay ~
; co che order o[ ' h1Y ~t1Z~ ;
~he principal sum ~f DOLLARS. together with interat
~hereon [rom daee at the nte o[ ten perce~t. per annum until maturity. both principal and interat beingpa yable in »
law[ul money of the United States at 203 Roper Building. Miuni, Florida. or at such other place u the holders 6ereof may
designate in wricing. Principal and i~terest payable in installments as follows:
~ ~..rt~-ti.. (!TS•~) DolL~ ~ •o.ti to~ titt,~r-ds~ (y9) ~~i•r ;
~ostY~s a? iM 1s~1 ~y at ~1 ~M ~^r~ ~oata~ 1~ai*t a/M lsfl ~
iy e! ~il~ 1lff• s~t ~at~ia~i~ =sil tM lslti ~y ot lr?r1, 1!?1. -
at ~YiN ~ir t~r 1s1~ rMll ~aM ~st
/ ' ~
~ This note may be prepaid in whole or in part after one year from the date hereof upon payment of a penalty
; eyuivatent to two percent oE the principal sum prepaid.
' ~:ach inscallarent payment shall be credited first on the interest due, and the remainder on principal; and interest
j shall thereupon cease upon ehe prindpal so creditcd.
i The makcrs and endorsers of this note further agree to waive dtmand. notice oE non-paymenc and protest. and
~ in che event cuit shall be brought for the collection hereof, or the same haa to be collected upon demand of an attorney.
~ co pay reasonable attorney's fees for making such collation.
~ Deferred payments hereunder shall bear interat at the rate of ten percent. per annum trom maturity until paid. ~
~ This note is secured by a mortgage of tvtn date herewith and is to be rnnstrued and enforced according to the laws ~
' of che State oE Florida; upon default in the payment of prinapal and/or interest when due, the whole sum of prindpal
~ and interest nmaining unpaid shall. at the option of the holdas, become immtdiately due and payable.
~ H~I~:N SCOTT H.AI•IILTON ~SEA~.) t
I ~sEni.~
~
and ehall perform, comply with and abidc by each and every t6e siipnlatione~ aareemente, conditionr and coveaanta of
eaid promieeory note and of thie dced, then this deed ~nd the eitate thereby created ahall cease and be nnll and void.
1. The Mortgagor hereby coveaaat~ aad a~ets:
To p~~ dl md siasular tbe priacipal ~nd is~erat aed ~tber ~mw .t m.oe7 w7~ br rirtoe ~ Mia prominory eote and t6i~
deed, or eitber, prompd7 on the dqr re~pceti~d~ tbe ~ao~e ~mll~ beeoma dae.
{ lb) To permi~ eommit or a~Rec uo «aae aad to m~imaia tLe impnvemeat~ at dl timrs in a~ate ~i so~d repair ~ e~oditi~n; ~nd
; to do or permit to be done t~ wid premi~a nothin4 t6at ~ill dter er ehu~e tbe re md c6~wder d wd pr~peti~ K in w~ ~r~y
; imp~ir or ~realcea t6e ~eeorit~ ~t t6i~ mort~se. Aed ia ta~e oI t6e re[wd, se6lett ~r ia~biW~ tbe 11[~rtppr t~ ~air aod mai~taia
wid propert7. t6e Mortp6ee aNl. at hi~ eption, make s~cL rep~in or ea~e ibe_~ame t~ be made, aAd si~ra~ee m~ner is t~at bdnlf.
~ le) Te p.r dl and ~insular t6e tud, awaa~nmta. levia. liabiWiea, md obUptioe~ ef ev ~tore ~e aid aaeribe, pr~pert~ ach
~ aad every v?ben dne ~ad p~raWe seeordin6 te In+, betere t~e beeome delisqu~at, ~nd te ~de~ver t~ t6e Mottp~et vo ~r bdsrc ll~uc6
15t6 of e~eh ~ur tu reeeipts evideaeias t6e pqenent o( dl ~uU~ inpo~ed tues (or t6e preo~d+o~ ulad~r Tev; t~ i~oii~ tLe
Mort6asee upoa Iw demand (or all wcca, warmenb and ~ar~ t6~t mar be assa+ed apon t6» aortp~e ~e tbe iadebt~ ~eenred
Lereby. and Pa~d by the mon6aRce, witl~oat re`ard to an~ Isw berctsf~re enaeted er 6erealter ts be ee~cted impwins p~mest of tLe
•rhole or aor p~rt thereof upon thc Mort~6ee.
(d) To p~~ all aad sin6ul~r i6e cwu, c6arsa and r~pede~, indudioa law~en' teea md abstraet ewb rca~oeabl~ ine~rrcd er p~id ~i
an~ time b~ the Mort~6ee because of the f~ilure on the p~rt of the ~ertp6er t~ periorm, campl~ ni16 ~nd abide b~ deb and every
t6e atipulatioos, ~srt.emeats, conditions and eovenanu o( wid promiuoq note and t6is deed, or tither, aed e~ery ~ucL pqmeet shdl
bur inierest irom date at tLe rate o( tee per eeotum pu amum.
(e) It u fnrtber covcnanted and aFretd b~ widp~ rties t6~t ie tbt eveat o~ a snit beie6 in~titnted t~ (~reelose tbiq mortp~e, the iN~rt- ;
s~6ee ~hall be e~ided to appl~ at anT time peodiu~ ~ocb t~redNnee wit to t`e cwrt baai~a juridieti~o e~ere~f (or t6e appeio~oent ~
of a reeeiver ot dl and ~insnlar tLe mortpsed proputf, wd ot all rcou, ineosa. PnSts. i~sues wd rt~aa tbe~f, (~om wl~ueev~r ;
~ sonrce derived; and thereupon it i~ bcrebr e:preatl~ e~re~wted snd ~areed tdt tbe Gnrt d~ll t~tibwit6 ~ppeiat satL recei~ nith ~
tbe mwl porren and dntia ot reeeivus in like casa; ~ aid ~ppoiotmmt s6d1 be m~de b~ tbe eoan as ~ matter ei ~uiet risbt to ~
the Mort6a6ee, and ~+it6ont referenct to the adeqwcr or iutdeqo~er ot tLe valne oi tbe ptopert~ 6ereb7 mortsa6ed, or to tLe wlveacy
or inwlvencr of the Mort6a6ors or ~ny otber psrt~ ddeaduR t~ ~nc6 suit. Tde Mart~6or hereb~ speei6eall~ ~rsi~es t6e ri~ht to
object to tLe appointmeot of s recei~er u aforeaaid aed Lereb~ a~prndr eoments tLat meh appointment shall be made as an admined
equitr and as • muter oi absolute ri6ht to the Mortp~ee and tLRt t6e same ma~ be done wilhoot OOUtE l0 tbt Mi[T~6K.
II toretlosure procetdinss should be io~tituted ~p[est tbepc •perty eovercd b~ Ihis mortp~e apoa so~ ot6u lim or cLim v?bether
allesed to be superior or junior to the lien o( thu m~rtpse, t6e MortRa6ee ma~ ~t hu option imiuediatel~ npon io~titution d we6
suit or durin6 the pendeocr thcrcof declare this mortp~e and ibt indebteduiss ~etn~ed beteb~ doe ~nd p~able f~rt6~rith asd ma~ at
~ iu option pro~eed to foreclo~e thu ~uortpRe. ~
(6) T6at tLe '.Hort~6or ~rill keep all real ~nd persenal propeetf nov? or 6ereafter eaeumbered b~ the lieo of t6is m~np6t insored i
~y a m~~ be required trom time to ti~ne b~ tbe blvrtp6ee aaainM loa b~ fire, wiodatons ~nd other lusards, asualtia and cootia6eocie~
for sueh periods and for eot Ids than sueh ~mouab as m~7 Le eWoired b~ t6e Mortp6ee and to pa7 prompll~ ~+bee doe dl preminm~ ~
~ tor sueh inauranee. 17~e ~mounu of insurance reqaired b~ ~e Yores.~ee Ehall be t6e minimmo ~mounts for ~r6ieb wid insnraeee sh~ll i.
be written md it sLall be ineumbent upoo ~he Mortp~r to maiotain sa~ additioed ioranoce ss m~~ be neeewR to meet aod ton~pl~ ;
(ull~ .+ith aU caiwar~nee reqniranenu contaioed ia dd polide~ to tl~e ead tL~t t6e taid Mortpsor u eot a eaimwor tl~erennder. ;
o~
~ in~orance a6~1~ be written b~ a eompany or eomp~nia appw.ed oc desiso.eed br ~be Mons.dee and all ~1t1lf aOa [d1tM~~f Ibl~EOF }
~ shdl be 6eld b~ tlie Mortsasee. All deuiled dai~tioor b~ tLe Mort6a6or w6ieh are aeeepted b~ tbe ort~6et asd dl ~~eeaienu
betveen Mort6a6or aod Mortaaaee relatins to irrnrascy noMr esistin6 or hereafter wde, sball be ia writin6 aod ~all be a part ot t6is t
~ mort~6e ~sreement o fall~ a~ thon6L sct forth ~e~tim hereia ~nd ~6a11 sorero both parties l~ereto and t6eir soeee~on and aai~a. ;
~ No lien upoo an7 of ~aidpo lieid of in~nnuee or upon ao~ refnod or retura premiam which mq be ps~abk os ~e aoeellation or ~
termiaation t6ereot, ~ll be pven to ot6er than tbe Mottp6ee, e:eept br~ proper eadonement d6ued to weh poL'e~ aod approred b~
~ Mortsa`ee. E~ch polie~ of insunnet t6a11 6~ce a16:ed thereto a Standard 11iew York Mon6a6ee Clauie ~+illwai Contribntioo. makin6
all low or lowes neder ~neh polic>ps >~ble to tbe Mort6a6et u ib intere~t ms~ appear. In t6e eveM an~ ram or amw of money beeomc ~
. par~ble thercander the Mort6aRee ahall have t6e optioo to reoeive and ~pplr the ame on ~e~onnt ot the indebtedoew hereb~ ~tenred. ~
or to permit the Mortpaor to ~eeeive ~nd we it~ or an~ pact t6ueo(~ wit6oW thereby ~+aivin6 or imqirio6 ~nJ equit~, lieo~ or ri6ht
~ under and b~ virtne of tLi~ mort6aRe. in event o( lws or phriral danis6e to the monRa6ed propa~t~ tbe ~lortRs6or shall ~ve imma ~
di~te notiee thereo( b~ mail to the Mort6aEce and t6e Mort6a6ee m~7 roake proof o( loss i( t6e samt it oot m~de proruptl7 b~ tLe ~
0 R ~ 8~ ~
, gn~K 1~0
~ , ~
~ _ ~
Eiy ~ ~ ~ -'s, ~ ~ 7 f "u . ~ ~
y.~`,,A' xc ~ y
~s.u
_ . . w . . s. _