HomeMy WebLinkAbout1777 PROVIDB~D~ AI.~VAYS, t6at if t6e Mort~?6or ~hall. pay unto the Mortgagee the indebtednces cvidenced by a
certain promi~eor~ aote oi ~rlueh the [ollowin6 in words and figures u a ttue copy tawit:
~ld~oy. Not.
~ Miami, Florid ~ 19 ~
FOR VALUE RECEIVED
w cheorderof Morris `sers II.'~ O 3 era promisetopay
• K e
~he principal sum o DOLLARS, togtther with interest
it~ercon [ram date a[ ihe rate of cen percent. per annum until maturity. both principal and interest b~ing payable in
laH~ful money of the Unieed States at ?03 Roper Building, Miami, Florida. or at such other place as the holders hereof may
~iesignate in wricing. Principal and interest payable in installments as Eollows:
~~7 ~i40.00) Dellar~ p~r aantb oa ths 1S~h
~ ot lt~, 196i a~d oon oat i~h~ 1~h dy o! ~aah
h?srt aoalh ~b~~s m~~ psil i~t i~rll.
"1'his note ~nay i~e pre~~:iid in ~~•hole or in lr.~rt after one ye:u• iro~~~ the date hereot u~wn ~>a~~iiient o[ a penalty
ryui~~~lent to two ~~ercent ot thr principal sum ~~repaid.
Each installment payment shall be credited first on the interest due, and the remainder on principal; and interest
sha(I thereupon cease upon the principal so ctedieed,
The makers and endorsers of this note further agree to waive demand, notice of non-paymene and protest, and
;n ehe event suie shall be brought for the collection hereof. or the same has to be co!lected upon demand of an actorney,
eo pay reasonable attorney's [ees for making such collection.
Defened payments hereunder shall b~:ar interest at the rate of ten percenc. 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
ot che S[ace of Florida; upon default in the payment of principal and/or in[erest when due, ehe whole sum of principal
i~•,nd interest remaining unpaid shall, at the option of the holders, become immediat I
e y d u e a n d p a y
a b l e.
; ..melia Johnson (SEAL)
~
- - - _ _Tnhn cnn (SEAL)
and shall pedorm, comply with and abide by each and evety the stipulatiom, a6reementa, conditiona and covenants of
aaid prnmiseory note and of t6is deed, thw ilus deed and the atate thercby created s6a11 cease ~?nd be nuU and void.
l. The Mortaa6or hereby ooveaantn and a~ees:
(a) To pq dl wd sin~ular tbe pri,eip~l and interat and ~tLer amns mooe~ p~~~ble br ~irtne o( said promiwory note md tL'u
dced, or either. Pro~1~7 en ~e d~rs rap«ti~et~ t6e wox ~e~raali~ betoma doe.
(b) To permiy eommit or w`er no ~rute ~nd to mainuis tbe impnvcment~ st aA tima i~ a qite `ood np~ir asa e~odition; aod
to do or pcrmit to be dw~e te ~aid premiw nothina tlrt ~?ill dter or eLan6e tbe o~e u~d ch~neter of ~aid propeet~ er in ~n~ way
impair or weakw the ~eearit~ ~t ilw morta,a~e. Aed ie p~e o( tbe ~do~ai, ne6ieq ee i~biliq ~f t6e ~tsrt~or t~ rep~ir aad maisuin
wid propert~, tbe Mortp~ee sul. at Li~ eptio~y make ~~cb repi» or unse the ~ame u be aude, awd advasce mone~s io tlyt bebali.
(e) To p~r all md ~innaular t6e taxes. as~auents, levia, WbilKia, wd obliptioo~ oI eve~ o~Core oo ~aid dueribea p~~pe~t~ neL
and eveqr wLea dne aod pa~able ueordins ts 1arr, beiore t6e~ ~eeome delisqacat, wd ts delirer t~ t6e Mort~`ee oo ~r before Mtrch
lSt6 of ach ~dr taz reeeipts evideaein6 tbe pinoeot ef aU ~r[ull~ impwed taxes tor the
Mort~see np~e his demand for all tua, appaneab md ebar~ thu may be ~stwed upon~~ to indemniff t6e
6ereby, and paid b~ tLe mort ~P6~ on t6e inde6t~ seenced
psee, ~rithom reprd to ~n~ la+r beretef~re eoaeted or 6ereafter te be ea~eted imposina p~~ment of tbe
~r6ole or my part t6ereo( upon thc Mort~6ee.
ld) To p~ all ~nd sinaa4r t6e ewts, eLar~s aod uper~a, indudina lav?~en' tea wd abstract eow reasonabl~ inenrred orpu d at
~b4 tbe 1[ertpsee becawe of the i~ilon en tbe part d t6e ~ertpsor te puform, soaipl~ wi~L and abide b~ e~eh and avery
p ons„ ~eemeats, eonditions and eoceu~nts of ~aid promiaoq note ~nd this deed, or eitLer, ~ad ~eep weL p~ymcat s~11
bear interat (rom d~te at the rate of tca pu eentum pa ~noum.
(e) L'u fwtber co~emnted and ~Ereed b~ sud es t6~t ia t6e e~ent ot ~ sait beia6 imtitnted t~ fereelc~e tltia mort~~ ~e M~rt.
e~a~ ah.ll be ea~ide~l to appy at .n~ woe ~~.od~ t.r«l..nre aui io tbe eeorc 6..;ea jor~.a~e~.o e~a~aof for ~6e ,sm~mi
of a reoeiver ot all asd sin~dar t6e moirti~i~ P~oP~1. aud e~ all e~. ineose~. Pr~6b. i~wet ~sd rarmua t6ece~, [rom
~
soaree derived; and t6ereupoa it i~ herrb~ e:pra~l~ t~~eaasted ~nd ~areed tLu tbe Gnrt ~6d1 [~rtMuitb ~ppoiat ~oeL reeei~ witi?
the wad pow~ ~nd dntie~ of reeeiven in like ea~a; ud s~W app~iatouwt alrli be suae b~ t6e eoan r~ matcer of ~triet ri~u to
tbe Mortpsee, aod ~rit6out referonce to tl~e adeqoae~ ~r inrdeqwe~ o( the vdne of tbe propertf benbr morraaaed, or 10 ~be wlvencp
or inwlvme~r of tbe 1Nortaa~on or any otLer p~rt~ defendast b soeL sui~ Tbe Mortsasor Lereb~ apeei5ta11~ w~i~es tbe ri~t to
objeet to t6e app~intmeut o( ~ reeeiaer u a(ornaid ~ed Lerrb7 espraslr eonsean tbat ro~ appoiatmeot sba11 be made as ~ admitted
' eqait~ ~nd as r iaatter oi ab~olnu riaLt to tLe Mostp~ee ~nd t6ilt tbe same mq be done ~vitbont notiee to the Mortsa6or.
(f) U foreelwnre praceedinas ahonld be ia~tituted api~t tbeprope rty eovered b~ tbi~ motipse apoa a~ otLer lim or cl~im vrbether
~llesed to be snpcrior or jneior to the lieo of tlw mortp~ t6e ~dort6asee mar at 6is o on immediatel n ~m
snit or darin the deoe tLereot declare ebis mort ~ 7 pon iostitution ot such
6 p~+ 7 aa/e and tbe indebtedne~s ~ecured Lerob~ dnt tad p~7~ble torth~vit6 aed ~na~ ~t
iq opiioa p~oceed to foreclo~e this wort6sse.
(6) 17ut t6e Mortp~or rvill keep ol red ~ad persood proptrq no~+ or be?eafter eeeumbered b~ the Iiea of tiiis mort6ase insnred
~s ma~ be required trom time to time b~ tbe Mortp~ee Y6aiest las b~ 5re. windatorm wd o~her lusards, uwalties and contio6eneie~
t~r saeh periods aod tor oot las t6an sael~ amouon a~ a~~ be reqaired b~r _tLe Moeisasee and to pa7 Promptlr w6en dae all prcmiums
tor ~neh iosn~anea Tbe ~mounq o( iwnnoee reqnired b~ tLe 1i[ortp~ee s1u1) be tbe minimmn amouou for whic6 ~aid insuranee a6a11
be nritten and it rba11 be incumbeot npon 1Le Mortbapr to m~iauiei saeb ~dditiond imnranet u ma~ be necasar~ to mett ~nd eomp1f
~t1II~ Mll~l ~ lOfO~~[fME fEqY1[tIDlp4 COOLIOtd ~D Mld pOL!'jE~ l0 the end tbat the ~aid Mortpisor is not • eo-iowror tbereander.
Imarante sL~lr be wriueo b~ • eompany or eomp~aiaappro
~ed or dai~ted b~ t6e Morcp6ee aed dl~polieies and ~eaewa4 thereof
.6all be held b~ the Mor~.6ee. All dcuiled desi~tiar b~ t6e ~donp`or ~rhicL areae~t al b~ the Mort6asee and all s nu
between Mortp~or wd 1[ortp~ee rdstin6 t~ iwura~e,e, now esi~tin6 or Lereafter mad~ ~ball be ie writina and ~hall be • ~~~t6is
mortpse asreemeat q faD~ ~ t6onsh ~et ~orth ~erbatim 6erein ~nd ~6all ao~ern bot6 partia berao ~nd their raeeawn aad usipu.
No lieo apon ~7 et ~aidpo
lieies ot insuranee or opon m~ refnnd or return preminm „r6ieh ma~ be pqable oe tbe aecellatioe or
tumioatioo tbereof, ~Lal1 be ~iven to otber tbao tbe Mortp~ee, e:cept b~~ preper eadonement ~ed to saeb poliey wd ~pproved b~
Mortpaee. Eaeb polie~ a( inanrance sha11 hue ~A'aed thereto • Standard New York Mort sce Clau~e .vithoot Contribntioo, makinR
dl lo~ or IoMe~ mdu saeh poliepp~
~abte to the Mort~6ee ~t ib interat m~y appear. Ie ~ eva» ao~ snm or snm~ ot money beeomc
W7~ble tLereaeder tl~e Mort6aRce s6a11 6ave ibe option to reeei~e and ~pp
I~ the same on ~eeomt of the indebtedncss bereb~ secared,
or to permit the Mort`t6or to receive and ase it, or an~ put 1Lereof, ~rithont tlxreb~ ~+airia6 or imp~iria6 m~ oqaitj, lieo{ or ri6ht
nader sad b~ rirtae of tLia mortp~ In event ot loar or p67aieal dama6e to the mortRased proput~ tbe Mori6a6or ~hall ~ve imme-
diate notiee thereof b~ mail to tl~e Mortaasee •ad ~be Monga6ee m~r make proof of lou if t6e same is not made prompd7+ 6~ tbe
, • ' BOOK141 ~ 57 ~ . ~ .
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