HomeMy WebLinkAbout1395 PROVIDED, ALpAYS, tlut iE the Mortaaaor ~aU pay uato tbe Mortsaaee the iadebtedneee evidenoed by a
certain promiswr~ note ot ~rhieh tbe followina ia Mrord~ and S~ura is a tcue copy tawit:
/~aNl~O~ ~O~I
'f_1•~•~ Miami. Florida ~s'~1 ll~s 19K + i~
FOR VALUE RECEIVED Yr. ~osiu7 vi ~11~ promise to pay
tu ihe order of.TOde~h .'~~loY 8nd I'IBrtin 3a~r
~t~e principal sum o DOLLARS. together with interest
i hereon [rom clate at che rate of ten percent. per annum until matutity. both principal and intetest being payable in
laN•ful money of the Uniced Staees at '?03 Roper $uilding, Miami. Florida. or at such ocher place as the holders hereot may
ciesignate in writing. Principal and interest payable in insullmenu as follows:
sbss~r (i3o•oo) 8ollar. p.ar ~o.t~ 1~s,nduus oa sti.
IS~ ~T ~~J• 19~• ~~~aria~ oa 1M ls1?
dry~ or ~a~al~ a~l ~s7 ~asta ti~tas t~t~ ~i~
la tull.
'i'his nute may be E~rc~?.iid in ~~•hole ur in ~~rt after one year Iron~ the date hereof uExm payment nf a penalty
eyuivalent to two ~~errent ol the principal sum pre~id.
Each installment payment shall be credittd first on the interest due, and the remainder on principal; and interest
shalt thereupon cease upon che principal so credited.
The maken and endorsers of this note further agree to waive demand, notice ot non-payment and protest. and
i,~ che event cuit shall be brought for the collection hereof, or the same has to be collecced upon demand of a~ attorney.
~o pay reasonable attorney's fees for making such collection.
{ DeEerred payments hereunder shall b~:ar interest at the rate of ten percent. per annum irom maturity until paid.
This note is secured by a mortgage of even date herewith and is to be construed and enforced according to the laws
of che Scace of Florida; apon defaule in the payment of principal and/or interest when due. the whole sum of principal
:~n~l incerest remaining unpaid shall. at the option of the holders. become immediately due and payable.
~ Bl«nc.ii? y~vi son ~5~~
; h . ~ . Da~~id son ~5~~
~
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and ahall perform, ~o.~piy w~ch ~d ~b:de by ~ach and e~ay che wpnl.uon., a~,enes, ~nd~vons .nd co~wanL of
~aid promisaor~ note and of thie d~:ed, then this deed and the ~atate therebp cr~ted ahall ceaee and be nnll and void.
1. The Mortgagor hereby covenanb and a6rees: i~;,
(a) To pa~ all and ~insu4r t6e pri~eip~i ~nd iate~t and ~ther nuw d m~ser parablt b~ s•irtne ot wd promiiwq oote ~nd tL'u
deed, or either. promptly on ~6e d.~s rapecd.dr ~he wne .e~mUr beeoo.c+. dne.
l b) To permi~ eommit or iu~er no ~vyte ~nd to mainuin t6e impnveme~ ~t all tima is •~tate ot rood «pair nd e~udition; and
to do or permit to be do~e l0 N~d p~lOlLq OOlbltf tb~t rrilt aher or e~a6e ebe ne sad ehanc~er d~eid propert~ ~r in an~ n~y
impeir or xeaken tbe seeariq of this mortaaae. ~ in eue of tbe retwl, nesleet ~r ieabiliq e~ tbe M~rtpior u rt~ir sad msiNain
wid propen~~ the Mortp~ee aur, at Lis option. make ~neL reqin or uwe tbe wue b be m~de, aqd adv~see moee~~ is t6at brbdf.
(e) To pay all and ~insul~r tbe t~:a, awa~mcnu, levie~, liabilitie~, ~nd ebliptiod et eve~ ~atar+e ~s t~id dauibed Pr~pertr eacL
and erery when due and parable aeeordina to I~w, betore~ tie~eoo~e delisqueet, ~od to ,deliva te t6e Mortp~ee os K before M~seh
lSth ot each year az rece~pu evideacins ibe p~~meet of all la~(aU~ impo~ed 1ua Ior the prtoedin~ akod~r ~ar; to iodemai(~ tLe
MortEaRee upon his dem~ad for all tazei, ssseatrnmu and ~~~es th~t m~r be ~sseased upoe t6is oortp~e on t6e indebtedecw ~ecared
hereby. ¦nd p.id br d,e mor~EaR~c. rvithont re6ard to ~n~ 1sMr 6tretoiore enacted or hercdter to be ee~cted i~p~sias p~~ment o~ tbe
whole or any part thereof upon the Mort~6ee.
(d) To pq all and un~tar t6e cosu, e6arsd aud espeo~es. iadudioa la~ryera' fees and absustt eoqa rtarooabl~ iaenrred orpa~ d at
•n~ time br ~6e Mor~6asee bceause of the failnre on tbe p~rt ef the dortp6or to pe~iorm, eauply s+itL ~ad ~bide by e~e1? u~d eveq
the atipul~tioaa. ~sreemeats, conditions ~nd co~enanu d wid promiswry note aod t6is deed, ot eit6et, aad e~eer wcb qpmeat s~ll
bear intere~t from date at the nte ot ~en per centum pu aneum_
Ie) It is (urther covenanted aod aFreed b~ widps rties t6at ia tbe event o( • snit bein6 inNituted t~ toreelae t6i~ moAp`e, t6e Mert-
6a6ee shall be entiiled to ~ppl~ at ~a~ time pendins snch toreelowrt snit to the ceart 6~viq juri~dietion e~eno( for tbe ~pp~innseet
of a receiver of dl aad sinsnlsr tbe mortasaed Propertr. and of all reou, iaeover, pro6ts, inuea wd revmycs Ibe~ai, Irom ~rlvuoe~er
source derived; ~nd t6ereupon it i• heteb~ e:prpal~ N1~lOROttEa ~bd ~6fEtd t~t t}IE GtlTl ~II t~~IM11b ~pQOIOt WtI~ rtlp~ M11I1
the wml powen aad dntia of receiven in like we~; ~nd a~d tppoiatment ~ll be norde by the eotut r ~ m~ttu of ~triet rilbt to
the Mortaa6ee, and without reference to ~he adequaer •r inadeqo.ey of i6e ~aloe oi ihe properh hereby mocc6.sed, or ~o ~be .ol.ene~
or insolv..ncy of the Mort6a6on or an~ otl~er p~rt~ de~end~at N soc6 suiG T6t Mortp6or bereb~ ~peei6d11~ waivp tbe tia6t te
object to the appointmeot o( a retei~er u aforqaid aed bertb~ apre~al~ taatnts th~t ~atb appoiatmebt ~6a11 be madt a~ ~n admitted
n
equit~ and ai ~ matter of absolute risht to t6e Mortp~ee asd t~at tl~e wae u~~ be dooe ~vithoot aotiee ta the li[ortpsor.
(t) U Iorcelosure proeredinss should be imtitnted ~pidt tbepr~pe ~ty covered 6~ t6is mort~~e apoa ot6u 1iw or claim whetLtr
alieEed to be cupcrior or junior to the lien of tbe~ mortsa~y tbe Mortas6ee roq at his option immedisielr opon iostitution ~t ~nch
snit or durinR the pe~dener thereot declare this mortp~e aal t6e indebtedness ~ecured 6creby dne snd p~~able forthMi~L and m~~ at
ita option proceed to fore~Iow this mortEa6e.
(6) That the Mort6asor will keep atl real and persond pr~pert~ no~r or bendter eeenmbered b~ the lien of this m~rtpse insured
u uu~ be rcquired from time to ti~ne br the Mortp~ee apitit 1as by 6re, ~rindat~rm and otbe~ l~acds, uwaltia aod eoatin`eocia
for sueh periods and (or nw las than sncb amounn p,e.~ be eean~~ed b~? ~be Mor~.`ee .nd ~o pa~ prompd~ Mbea d~ ,11 pr~minm,
for ~nch iruurance. The amounts of iruannee reqoired b~ tbe Mort6s~ee ~ll be tbe miaimam anounb far vrhic6 aid inanrwee s6d1
be written and it ~hdl be ineumbeat npoo tbe Mortp`or to a~iMai~ saeb ~dditiw~l insannee u ma~ be ne~ess~r~ to meel ~nd eomp
Iy
fuilr with all cainsnrsnee reqnirements coot~ined ia ~std pdider te tbe ead tbst tbe stid A[oKaaavr i~ oot ~ eaiosoror thetennder.
Insuranee slult be Mrritten b~ • eompans or eompaeiesappto
~ed ~r deai~ted bi tbe Mortpdee aod a11~polieie~ and renevnb thereo[
~hall be 6eld by the MortpEee. AII detailed deri6ertieas b~ tbe Mor~p~sr ~?hie6 ~re ed b~ tbe M~rtgaee aad a11 ~gee~uenU
betxeen Mone.aor aod Mona,aee rdadn to ' ~e
mort6a6e ~~eanent as fdlr ~s thoo6h ~et ferth
~e~
rb~wa 6eKan aod ~I 6o~ren bot ~~n ~+ritin~ ~nd ~hall be • p~rt of thi~
~Io lien upon ~nr ot aaid licia o( iosuraou or apoer ao~ nfmd ot return d tLeir weeeMOn and asiiRm.
po prea~ ~ p~~able o~ tLe qneell~tion o~
te~niaation thereef~ slull be 6iven ts ot6er th~a the Mo~tp~se. exee~t br~ pnper eodonaneat a~ed to sneL poL'er aad appro~ed by
Hor~6.6ee. ~ae6 poLer of i~uuraoee shatt 6uce a6ued thereto • Standard lVew York Mortp see Clawe wit6oot Costribntion. makin~
al! los~ or lonea onder soeh polie>p~ >~ble to the Mortp~ee a~ iq interat m~~ appar. Ia t6e event ao wm vr sum~ o( moaey bxomc
payable thereunder the Mort6aRee ~hall luve tlie option te reeei~e ana ~vp
1~ il~e wme on aaount of ~ indeMedn~w hueby ~ecared,
or to permit the Mortp6or to recti~e ~nd we it, or aa~ put t6ereof. wt'ibom ~bereby .+.;.ina or impairie~ ~an~ eqniqr, licn{ or ri~ht
under ~nd b~ virtne or this mort6a6e. In ereot of IoM er pLried dawa~e to the mort~p~ed propert~ tbe ~dortp6or ~hall pve immc•
di~te notiee thereof b~ m~il to the Mortsa6ee aad tbe ~[o~tp`ee mq m~ke proof of IoM if tbe ~aiae is oet made promptl~ b~ ~be
. . goo~141 ~g~
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