HomeMy WebLinkAbout1774 PROVIDED, ALWAYS, that if the Mortdaaor shall pay unto the Mortgagee the indebtedneoa evidenced by •
certain prnmieeory note o[ ~rhich the followina in words aad figurea is a true copy tawit:
/~'layl~09i /.O~I
~;1 r~~•~ Miami, Florida ~l Lti 19~ ;,j~ ~
I
FOR VALUE RECEIVED wJ ~~?11* promisetopay ~
co the order of ~k ~ ~~~f
che principal sum o ~ ~ ~ ~ - - • -DOLLARS. together with interat
chereon Irom clate at the rate oE ten percent. per annum until maturity. both principal and interest being payable in
lawful money of the United States at 203 Roper Building. Miami, Florida. or at such other place as the holders hereof may
ciesignace in writing. Principal and i~terat payable in installmenu as follows:
'lrsrtJr-ri.r (=;5.00) Dol3.s~. ~ ~~i l~iasit.t a? ti.
1St~ ~y ot lt~V. 29~i6. +~d oo~~3aiatas oa ib~ lsti dy ot
...~1 aaa .T.~? ao.ti tL.~w,tl~ ~a.til paia ia tt~u.
~ .
This note may be prepaid in ~vhole or in ~~art after one year Erom che date hereoE +ipon payment of a penaity
eyuivalent to two percent ot the princi~al sum ptepaid.
Each inscallment payment shall be credited first on the intetest due, and the remainder on principal; and interest
; shall thereupon cease upon the prindpat so credited.
The makers and endotsers of this note furthcr agree to waive demand, notice oE non-payinent and protest. and
in che event cuit shall be brought for the collection hereof. or the same has to be collected upon demand of an attorney.
co pay reasonable attorney's tees for making such collection.
I~ Deferred paymenu hereunder shall beaz interat at the nte of tr.n percent. per annum from maturity unti~..paid
~ This noce is secured by a mongage of even date herewith and is to be construed and enforced according to the laws
oE che Stace of Florida; upon detault in the payment of principal and/or interest when due, the whole sum oE prinapzl
ancl interest remaining unpaid shall, at the option of the holders, become immediately due and payable.
qrs~sli~ ~ns+~ (SEA~.)
I [s/ ~sa~lir ~ar (s~.) -
f
and shall per(orm, comply with and abide by ach aad every the stipulationey a6retmente, conditions and covenanta of
Aaid promiaeory note and of thia deed, then it6ie deed and tbe estate thereby creaud s6all ceaee and be nnll and void.
1. The Mortgagor hernby oovenanb and a6rees:
1~) To pq dl and ~ieaulu tLe pri~eipd md ioterat aod Nber ~om~ ~t m~ee7 pa)able by aiitne ot nid proa?issop oote aad t6u
deed, or eit6er, promptl~ on the dqs rapecti~d~ t6e ~aoe ~eraralf~ bec~me~ dae.
( b) To permit, eommit or s~er w w
ute sod to maintaia ~Le impr~vcm~ ~t all tima ie •~tut ~f ~e~d rep~ir a~ tondition; md
to do or permn to be done to wid prcmisa~ noth?n~ i6at ~viU dter or eLan~e tbe me ~sd elnncte~ d Mid propert~ er iu an~ way
imp~ir or weakea t6e seeorit~ of ~6is mortp6e. A4d ~e aae ~t tbe retwl, ae~leet er intbilit~ d tde M~rlpa~r a re~ir aod maintaia
aaid propertr, ~he Monpaee onr, ~t Lia eqioa, make s~ei repin or eawe tbe wme u be aade, md sd~rs~ee moee~s in t6~t beLdi.
(e) To pay all aad ~insnlar tbe tuea, as~a~ments, leria, liabilities, aod obliptioos ~f Cve~ e~tare ~n aid daeribea pnpert~ ueb
aad eveq wLen dne and parablc teeordins to l~r?, bd"ore tLe]r beeome deUoqueay ~ad to ,delivet t~ tbe Yortp~ee on ~r belere ~~arcb
lSth ot each ~ear tu rtee~pu evidencina t6e pa~mmt ot alI jnvfnll~ inpwed tue~ tor the preoe~n~ eakad~r ~ar; to indemaif~ the
'.4iort6a6ce upon 6ia demand for all tua, aaeauneou md eh~r6es th~t may be as~a.xd opon t6is ~ortp~e ~a tbe indebttdecss ~ecnc~ed
6ercbr. and paid b~ tbe mort6a6eq ~vithoat reaard to aa~ L~+ Leretofore ewcted or heredter t~ be esseted iefposin6 pa~wt of t6e
whole or ao~ p~n thereo( upon thc Mort~asee.
(d) To pq di and ~in6ular tLe cwu, cLar~es and espea~a, iw~udina lawpe~' tee~ ~nd ~buract eo~s ra~oe~bl~ ieenrrcd orw id at
~n~ time b~ t6e Mort6asee be~.usc of ehe t.itur~e on ~be p.re •f ~6e ~e~~.aor c• pertorm. e.mpl~ wi~L aod abide b~ ae6 .nd every
. the ~tipulations, ~~eements, eonditions and eo~eoanu of wid promiworp note ~nd this deed, ~t eitLer, sad e~er~r web pqment s6d1
bear interat from date at the nte o( ten per centom per annnm.
(a) It is fan6er eo~coanted aad aFced b~ ~aidpa rties t]wt In tLe eve~ of a auil beina is~tituted t~ foreelo~e tLi~ mort6ase, t6e Mort-
n
~ce aLall be catided to appl~ at an~ time pendiu6 soe6 t~reel«ure atit to t6e e~ort h~vi~ jaridietioo eberaei for tbe ~pp~iotment
ot a rcuiver ot al! and siasnla~ t6e mortpsed Proput7, wd ef alt rcots. iocosea, Profit~. i~sow ~ad ~'e~'eaaw +berel, lrom ~?L~t~oevu
ow
source derived; and 16ereupon it i~ hercby expreal~ eovemaced u~d a~eed t~t tLe Gnn .hdl fenh~.it6 appeist sneL e+ecei•er witL
the nswl porven and dntia of reeeivcn in like eda; ~aid appoinmae~t ~11 be made 6~ tbe coart as ~ matter ot qriet ri66t to
the Mortq~see, rod ~rit6out reference to the :aeqoae~ .r in.deqnaep of tbe vdoe ot ~he propen~ herebr mort6a6ed. or eo tbe wlveacr
or inaolvene~ of the Mort6ason or an~ other part~ defead~st 1o snc6 snit. T6e Martp6or ber~b~ apeei6a11~ aaivea tbe ri~t to
object to the appoinlmeni of a retti~er as a(ordaid ~ed hereb~ etpr~asl~ consents tlut soth appointmtat ~6a11 be madt as ~n ~dmitted
eqoit~ ~nd a,s a matter of ~bsolute risht to t6e Mortp~ee aod tLtt the wne ma~ be dont ~ritboot wotite te tbe Mortpsor.
(f) If foreclosurc prceeedin~ should be inaituted apiert tLe p~operty corued by tbi~ mortaa~e opoe as~ otLer lien or claim wbetbu
alle6cd to be cuperior or junior to the lien of tIw mertp tbe Mort6a6ee m~~ tt 6is option imruediatelr upoo institution ot wch
suit or dnrioa ihe pendeney therco( dedare tltis mortp~e ~ tbe indebtednes~ ~tenred Lereb~ doe wd p~~ablt fott6with and rw~ at
itt option proceed to foreclo~e thia mort6a6e.
(6) That the Moripsor ~vill keep ol real and pensoal preperq ne~? or hereJtu eecumbered b~ the lien oi this mett6ase ednred
+a riu~ be required from time to ti~ne br the ll~ortsa~ee ~aaidt br b~ 5re, windatom~ and other haurds, easwltie~ and contio6encin
(or sneh periods and for na las tban anch amouny a~ iie ~eqai~ed by the Mort~6ee and to par promptl~ w6eu dne ail prcmiqm~
ior ~neh insunnca T6e amounu of inwnnce reqaired b~ tbs Yort~~ee s~6d1 bt tbe mi4imum ~mounts for wrhic6 s~id iownnee shall
be writtcn and it shall be ineumbcnt npon tbe Mortp6or to maintain satL ~dditiond iworaoce a ms~ be nccewry to meet and eon~p!r
fullr with all eo-ioturanee requiremenu coouined in aid Mlities te tbe dd'tLst t6e raid Moct~sor u aot a to-eaanror tberennder.
lruuraace ahal~' be w~ritten b~ • eom~np or companiss~
~ed ot desi~ted b~ tLe Mortpsee aad all polities and rene~rala t6erco(
shall be 6eld br t}~e Mort6asee. All detailed daiasstioo~ b' tbe ~ori~a60r wbic6 a[e aeoeptcd b~ the Mort6asee and all a6rtements
betMrcen Mortpsor and Mortsasee relatin6 to ia~urs~et, now tsittina or bereafter made, s6all be in writin6 and ~aU be a p~n of thu
mon~6e ~sreetntot as full~ ~s t6ou6h ~et forth verb~tim Lerein ~nd ~11 6ovetn both parties hereto ~nd tbei~ ~necee~on and assi~ns.
No lien upon ao~ d saidpo lieia o( iaanraaee or upon ~s~ rdand or return preminm which ma~ be p,~able on tbe ranoellstion or
•
termination thereot, ~hall be pvea to otber th~n tbe Mort~see, ezc br~ proper cndonemeat ~xed to sach polic7 and approved b~
btort6a`ee. Each polie~ o( inaur~aee shall base aBued thereto • Sun rd New York Mort6a6ee Clause witboat Coatribntioq makia~
~1l lou or lwses onder sneh polie>pa >ablt to ibe Mortasaee as ita iotertst ma~ appear. In the event ao~ som or snms ot ~noney 6e~omc
payable thercnnder the Mort6aRee shall have ibe option to rteeiv~e and appl~ t6e same on ~eeount o( the indebtedeess Lerebr secared,
o~ to permit the Mon6a6or to reeeive and nse iy or an~ p~R tbereof~ writLout e6erebr ~+aisina or imp~irin6 an7 eqoiq. lieo~ or riaht
under ~nd b~ vinne of this mortp6e. 1n eveat ot loM or phpiral dawa6e to ~bc mortRascd propert~ tbe Mort6a6or shal) ~ve imma
di~te notiee t6ereot b~ mail to t6e Mort6a6ee and the Ddort6a6ce mar make prooi of loss if t6t a~me is not m~dt proroptl~ b~ the
BOOK141 5`7Q
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