HomeMy WebLinkAbout1421 ~ i ~i 1
PROVIDEDr ALR/AYS, that if ths Mort;a6or s6a11 pay unto tbe Mort~6oe the indebteda~ee evideaoed by a
certain promi«or~ note of Mrhic6 t6e [ollowiaa ia words and fi6ure~ L a true capy tawit:
~ /~'~a~oy~ No~'i
~ a.~~m
Miami, Florida~__ ~s'~ 11~Y~ l~
FOR VALUE ~~y~D
eo che order of 2'torr ~ K~~ . , . • promisetopaY
che principai sum o
~ 1~' - • • • - - • • DOLLARS. together with intetest '
~hercon trom date at che rate oi ten percent, per annum until maturity. both principal and interest beingpa yable in
lawful money oE the United Swtes at 203 Roper Buildirtg~ Miuni, Florida, or at such otAer ptact as the holders hereof ma
: designate in wricing, pr;nc~pal and interest payable in installmeats as follows: y
i
~ ~~b' ~:3Q•00) Do1Lsa rar saa~L ~ia~i~ aa ~u ism
' d+y oi 1l~1. 1966. and aaai3~ia~ oa t~ 13ib dyr at ~acr
wua ~wr~ ~tt~ natil ~aid is l1t11.
~
~
f
' 7'his note may be ~~repaic! i» a•hole or in part after one year from d~e date hercwf u~,on payment o[ a penalty
' eyuivalent to two petcent ot the princiJ~:~l su~y~ prepaid.
Each instailment payment shall be crcdited first on the interest due, and the remainder on principal; and interest
; shall thereupon cease upon the principai so credited,
: The makers and endorsers o[ this note futther
~
~ in che event suit shail be brought for tht collection hereoa~o tche same has o be collected u~ponademand of an~auorney,
co pay reasonable attorney's [ees for making snch colle~ction.
~ Deferred payments hereunder shall bear interat zt the race of ten petcenc. per annum from mamrity until paid.
This note is secured by a mortgage of even date herewith and is to be ronsuved and enforced according to the laws
i t of che Scate of Florida; upon default in the payment of nnd 1 and or interest when due, '
~~:~ncl interest remaining unpaid shall, at che option of the
holdc
s bec
me immediately due and payable.sum of principal
~
~ Johnny R. Boatri~;ht ~S~~ •
~
~ (SEAI,)
aad ehali perform, comply with and abide by eac6 and evdry tbe atipnlation~ aareemente, conditions and ooveaants of
eaid promisaory~ note and of this d~ed, thea this deed u~d the ewte thereby ereated ~hall oeaee and be nnll and void,
I. The Mortgagor 6ereby coveaant~ and s6e+ees:
(a) To pa~ atl and uasu4r tbe prineipat ~od ioternt ~ad ~iLer d m.ee~ pq,ble br riAne ~f s~id pr~roiwq oote and tLia
deed, er eitber, promql~ on t6e d~r re~~eetird7 tLa woe ~e+enqy beeeme~ d~e.
(b) To permiy tommit or su~cr ao ~ra~te aad t~ maiatau tLe iopervemmta at dl tiaw u a~tate ~wd repair a~i anditi~n; ~nd
~o do or permit to be doae to wid premiw nothis` t~t ~rill dter or eh~e~e tbe s~e a¦d ch~raeur oi qid pc~peit~ ~r in ~n~ ~?ay
impair or ~+eakeo the seearit~ of tbis awrt6a~e. Md is ea~e e~ d~e eefwl. oe~leq ~e im~bilit~ ~t tbe 11[~rtps~r t~ repait sod sai~ui~
said proPert7. the MortP~ee w7. at Li~ ~ption, make s~ei re~irs ~r aase tLe s~me t~ be ~de, sad ad~a~ee moue~s in t~t 6e~df.
(e) To par all and sinsular t6e taces. a~aasment~. ie~ie~. 1i~bilitier. aad ebL'prios~ ~f eva~ eu~re ~a wd ~aeribea pr~perty ach
and erer~ .+l~en due and pa~able aeeerdis` to ls~r, beloe+e tie 6eewne deliaqueat, aed to ~delirer t~ tbe ~ortp~ee w or before 1larch
lSth o( ach rear tu reeeip~s evideacin~ tLe pa~neat of all ~allr iaupo~ed tases for tbe
Mortsa6ee u n hia dem~ad (or a11 tazea. aNea~meau aod e~r tlvt asa be wea~d P~~ catee~r ~ar; t~ indemait~ tLe
Po ~s 7 oDos t6is a~~e ~a the iadebted~ew ~ecored
h«~br~ and p~id b~ the mort6aRee~ ~ri~hom reprd to as~ la~+ Leeetei~rt emeted or bueaiter t~ be eaaeted i~p~su6 M7~~
.vhole or anr pan thereot upon thc Mortpsee.
(d) To pq ~lt wd ~waulrr tbe cwes, cLar~s and espea~eti i,dudisa l~w~en' teu ~nd abstr~ct cwts rea~ee~bl~ inearred ~rp~ id ~t
.nr time b~ ~he ~or~s.see because ot 1he f~ilure oa tbe part ef the Mwtp6or b peeform, eompl~ with ud ~bide b~ ~aeh ~nd ererp
t6e ~tipulatioos, ~~eemeats, eonditions aad coveaant~ d wid prooiswp oete ~ad tbis Jerd~ K eit6er. aad tsery meb prymeat ~1]
bear interat from d~te at tbe nte of ten pec eentum per aasmo.
le) It is fnrther eo~ewnted aad a~uced bT ..id rtid tb~t ia tl~e eve~ et • soit beiw6 ia~tituted t~ f~reel~e t~ mortp~e, tbe ~l~rt-
t
6a6ce ~hall bc eatiiled to appl~ at ao~ time pen ' i soe6 f~ree!«ore a~it t~ tbe eevt ~aviq jari~dieti~n etiereo( (or d~ is~oaext
n
ol a reeeiver oi all aad iinanlar tLe mori6~~ P~~P~+~7s ~od ~t dl ~enu. i~e~se~. Prs6b. i~ata ~wd nvm~a t6ece~f, Ecow w er
source derived; and theroupon it i~ 6crebr e:prasl~ e~ed ard ~steed tL~t tLe Cw~rt ~ll f~rd?with ypoi~t ~ae6 rseti~ with
the asaal powen ~nd duties of ra~eivur in like erer; a~i a~ii app~i~t adll be s~~de b~r t6e cotirt r a wtea ~i ~trid ri~bt to
the Mort6asce, and ~vitboat rcference to tbe adeqoaer ~r ia~deqr~ey ot tbe vdoe of tLe pt~pat~ baeb~ mortp~ed, or t~ t6e ~ohesc~
or iruolvr_ney of the Mort6a6on or an~ ot6er p~rt~ admd~at M weh wi~ .T6t Mortp~or 6et~ ~peti6ea11~ nai~p tbe ri~ht b
objeet to tbe appointment of a reeeicer a dorewid aed ~ apr~eMly nn~eats dwt qe~ appointmeot ~6a11 be m~de ,n ~s admitted
equit~ ~ad a~ a matter of abwlute ri6ht to the Mortp~ee rd tL~t tLe s~me ma~ be dooe ni~6oet sotiee b t6e 11[~rtp~-
(t) U toreelosun proccedinEs shonld be ia~titated apiert t6epnpe y eoreced b~ this moRp~e qron aay otht~ liea or c4im wbetbe~
allesed to be superior or jnnior to the lien oi tbi~ m~rtp~e, t6e bi~setaaaee ~na~ at 6u o on
pti ismediatel~ npoa inatitation ~ne6
snit or darin6 the pendeaey thereo( dee4re tlw mortp~a asd tie indebtedae~s ~eeored 6rreb~ doe ~nd p~pbk t~ct6wit6 ud ~w~ ~t
n
it~ option proreed to foreciose this mortp`a
(6) That tLe Mortsa6or will keep a11 ra! snd pers~s~l ~ropertr n~wr ~r berea(tu e~eombered by the litn d thia m~rt~~e iasend
~s w~ -be required from time to tune by tbe ~Ktp~ee apimt ]NS b~ 6re~ ~riodu~ns aod Nbe~ 6tsa~ds, euwlties aod coutie6eneie~
for saeh periods aod (or not Ips t6an sne6 uaouml~ a~ ~ bs req~ired6~ t~Le llt~etp~ee aad to N7 proayNl~ xLes doe all premiumt
for sueh inaursoea The ~mounu of iasuneee reqoirod b7 tbs Yettp~ee s6e11 be tbe miaim~w ~mounts i~r ~r6ie6 pid imnranee ~hall
be writtee and it ~La11 be ineumbent npos ~be ldKtpqr t~ mtiM~iu web additiod iowtaset a~ au~ be aeotataq ts meet ~sd eomplr
tallr aith dl co-insaraaet ~eqairemenb eoauiaed in ~id Nlides t~ tbe p~d t6at t6e wd Mortppr is o~t s eo~iasaror t6erennder
I~uurance shalF be ~+ritteo b~ • eompany e~ e~mp~sie~~pc~~
ad ~r desi~ted by 1Le ~(~p~ee ~nd all~policia aed renewa4 t6ereof
slull be 6eld b~ tbe 1Kortsa6ee. Ati dwiied desiprti~ by tLe ~[ortppr ~r6ieh +u~eae~pt
ed b~ tbe M~rtp~ee snd dl a~menq
bet.veen Mon~~or and t~ortsa~ee rel~ti~ b iNSaeaeee. Nw esistins or Lere~Eter aa~de, sh~ll be in writie~ ~ed ~6a11 be a put ot this
~+on6.a~ toltr tbondh ~e! fo~tl~ ~ub~tim 6a+eis ~nd ~6alf so~ bot6 ~
p~rtiq beret• and tiar neterson and a~s:pn.
No lien upon ~n~ of ~aidpo lieie~ of imuraaee or upoe aq rdaad er retnrn phmiom ~rLieL ma~ be pqable oa tLe eaneel4tion or
te~aination tLereol, shall be pvea to ot6er tM~ t6e ]i[o~p~eq e= by-pe~p~ end~rsemeat ~ed i~ web poliry ~sd approvad by
O
Mort~a6ee. Eae6 polier of in~wr~nee ~ll h~:t a6ued tl~ereto • rd 1Vew 7or4 Mertp aee CLwe witbo~t Co~triba~iee, m~kieR
~11 los~ or lown ander sneb poUe>p~ >able ts tLe Moetp~ee r iq iatere~t m~r ~ppear. Ia tbe e~rent a wo~ or wm~ d mo
par~ble therennder tbe MortpRce ~6a11 ba~e tLe oa q reeei~e aad a ~Dt ~7' ~op'c
epti ppt~ t6e wne ~n ~eeoaet of ~ indebtedsa~ bercb~ ~eeared,
or to permit the Mortps.r to roeeive and u~e iy ~r an~ p~et ttiare~t. ~itbom tberebY wai~ K i~opairia u7 t.quitp, or ri6ht
under aod br virtne ot thu mort6s`e. In event d loM ~r pi~sied dwa~e to t}~e m~rt~~ed pre~t~ tbe ~ortpsor slu~ve i~nma
e
di~~e no~ite t6ereof b~ mail to the Mortpsee and t6e ll~ip~e~er ~ m~ke praof o1 ~MS i( ~be wme iu ~ot ru~de pranql~ b~ t6e
o~ 141 ? 218
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