HomeMy WebLinkAbout2189 PROVIDLD, ALpAYS, t6at if the Mostaa6or s6a11 pay unto the Mortgagee the indebteduces evideaoed by a
oertaia pramiwoq note of rvhic6 tbe followina in words xnd Sgures ia a true copy tawit:
Ma~yaqs No~i
j~~~ Miami. Florida ~~1 4S 1~_
FOR VALUE RECEIVED promise to pay
~o che order ot ~
~he principal sum DOLLARS, together with interest
~hereon [ror.~ date ac the rate of ten percent.pe r annum until maturity. both principal and interat being payable in
lawful money of the Uniteci States ae ~03 Roper Building. Miami, Florida. or at such other place u tht holders hertof may
; designace in wricing. Principal and incerat payable in installments as follows:
~ ~~Ti~.{i4~pp~D~ll~s~s ~oe ~ ~tla~ ve~ ~ tstlt
~11 i~ it ~s~ a~t
N+q7 ~ ~til 3i l1it11.
;
i
This nute may I~e prepaict in n•hole ur in part a[ter one year trom [he daee hercwf u~~n ~~ayment of a penalty
ryuivalent to two ~~ercent ot the principal sune prepaid.
Each installment payment shall be credited first on the interest due. and the remainder on principal; and interest
shall thereupon cease upon the principal so credited.
The maken and endotsers of this note futther agree to waive demand, notice of non-payment and protest. and
I in che event suic shall be brought Eor the collection hereof, or the same has to be collected upon demand of an attorney.
A eo pay reasonable attorney's fees for making such collection.
~ Defened payments hereunder shall b~:ar interest at the rate of ten percenc. per annum from maturicy until paid.
J This note is secured by a mortgage of even date herewith and is to be construed and enforced according to the laws
of che Stace of Florida; upon defaulc in the payment of principal and/or interest when due, the whole sum oE principal
+ ;~nci interest remaining unpaid shall, at the option of the holders, become immediately due and payable.
Cecil Hazellief ~5~~
~.~hel :iazellief (SEpL)
~
aad ahall perform, comply with and abide by eaeh atd eve~y tbe stipn]atioa~, a~roemente, conditioas and covenants of
eaid promiseory note and d this deed, thea this.~lee~ and the estate tl~ere~ created aball oease and be nuU and void.
' 1. The Mort6aaor hercby oOveaanL ana a~ree~: . . - • -
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~ To pq aU a~d ~insnlar t6e priieipal and interat and ~tbar aww et m~oe~ pqable b~ ~inue ot ~aid prwai~wq note and tL'u
deed, ~r eitLer. Prooptll? aa tbe d~r1't~e~peetirdT t6e ~e ~~r~fl~ becosa d~e.
! (b) To permit, e~mmit or adeta~ wpte ~nd to m~iaRai~ t~ie i~p~veme~ ~t di ti~ts ie a~tate d`oid iepair ~si e~oditioa; ~nd
; to do er pecmit to be dowe to aaid pnmi~ea aot6in ~t ~ alter or eru~e t6e we and el~neur• ~f ~aid pcopat~ ~r ia an~ aay
t impair or nakm tbe ~ee~ritr ~t tLis ~rtsaae. M~ u we d tbe refawl, nesket er ioa6iliq o/ ~6e ~[~rtpaer t~ repair ~ed mai~tai~
~ wid P*~P~+~7. tbe MartP~ee ~a~~ ~ Li~ t~ke s~e~ r~piis ~r nrt tk ~nae b be audt, ul~ sdvasee moee~s in tLu be~l(.
~ (e) T~ p~y dl aod un~u1ar the t~za, wa~mcnts. levies, liabil~ie+. and obliptioqr of ever~ mtore on ~aid aaeribdpnpe~t~ neh
~nd e~eqr Mr6ee dne ~nd p~y~ble ~ee~rd'ms t~ la~r, before~ beeome deli~qatat. ind to ,deliver t~ t6e Mortas~ee oa er betere ll[are6
lStb of ad? ~ear u: reeap1s evideneio~ tLe pa~w~ent d all lawf~tlb i~apo~e~ tua tot t6e R[eeedins akndar ~ar; to ind«unif~ tbe
Mortpsee apon 6is demaod tor all tua, awwmeob aed eLupr ths~ mar be atsn~d upon 1Ljs a~ORP6~ ~o tbe iadebt~sa~ ~eewed
Lereb~, and p~id b~ the msrtsase~ wrid~e~ repra to u~ lo? berete~~re enaeted or 6ueafter ta be ee~eted imposia` p~~meat of ttie
~rbole er m~ pan t6e~( apon thc Mortp~ee.
(d) Te pq all aod sinaalar tbe ewu, char`ea aod espea~e~, isdudins bqen• (ea ~od ~bstnet eoqs rearoeabl~ ineurred erpa~ d~t
~ aa~ time b~ tbe 1[ortpsee because of tLe fiilnre on the qrt of tbe Mortp`or ta puform, eempl7 nitL ~nd abide b~ e~eb aod eretr
the ~tiPnlatioas. a~eemeats. eonditions and covcnanb ot ~aid promiwor~ note a~d t6i~ ~eed. er eit6er, and e~eqr web p~rneet sl~ll
~ bear interat irom d~te at tLe nte of tcn per eeotum per aaoum.
(e) It is fort6er eo•enaated ¦nd ~Ereed b~ wtdp p tL~t ie t6e eveut e~ • ~nit beias imtituud to feree]ose tbi~ moctia~e, tLe ~[~rt-
paee aLdl be entitled to aPP17 at an~ time peadin~soe6 (~reelaure wit to t6e eeart 6avi~6 jari~dietion ebe~rsf f4r t6e is~mest
of a reeeirer of ~Il aad sin~r tbe mortP~ P~~P~+t7. wd ~t ali reav. ioc~sa. Profib, iNne~ ~wd reveara tbe~eJ. fiom~
waree deri~ed; n?d tberenpon it i~ hueb~ e:prasl~ e~~emeted aod ~~ecd tL~t tbe Gnrt ~11 tertbwith appoi~ sneb r~oei~ with
~ the aso~l po~ren ~ad datia of reeeivers in like cra; asa s~id appoiatmeat ~6d1 be m~de b~ tbe coart as ~ matter d~ttid d~6t to
the Mortp6ee, wd witLout reterenee to the adeqwq ~r in~deqoae~ of 1he vdne ef tbe propert~ 6ereb~ mortp~ed, or to tLe wlvency
~ or inwlv~ae~ ot the MortSaaon or an~ ot6cr p~rt~ defead~nt to socb sui~ T6e Mortpaor Lereb~ speeifiall~ wairn t6e risht to
~ objeet to ibe ~ppointmmt of • reeei~er as ~forwid ~nd Lereb~ acpre~slr eonsents t6~t ~oe6 appointmcnt ~6aA be made y ae admitted
eqaiq ~sd a a~tter of absolnte ri6Lt to t6e Mertp~ee ~sd tL~t the same ma~ be done writbont notice to tbe Mortpser.
rf (t) If fercclosun preceedinss shonld be in~titnted apiort tLepr~pe r~y eovered by ihia mor~a.~e .pon an~ o~her Uea or cW. wbaher
alleaed to be snpuior or jnnior to t6e liea of t6is m~rip~e, the Motip6ee mq at 6u option imenedi~telr apon iostimtio.~ ef weL
- ~nit or dnrins t6e pendeoer thcreof declare t1w mortp~e aod 1be indeMednas ~ecared 6ereb~ due aad p~~able f~rt6~ritL md mq at
i4 option proeeed to foredwe thi~ mortsa6a
T6~t tLe Moct6a~or will keep all ral aod penowl properq nor+ or hereJter mcumbered b~ the lien af thi~ m~rtpEe iaanred
as ma~ be required trom time to wne b~ the ~Iort~~ee a6aint lw~ b~ 6rr, ~rindatona and other huards, cawaltia aud e~ntin~aacia
; tor weL periods ud for not las tMn sneh amo~mb a sa~ be eeqaired bp tLe Mortpsee and to pal Prompd~ v+6ca doe all pcemiom~
fo~ ~neh iasaranca The amounls of inwnnte reqaired b~ tbe 1[ortp~ee ~hdl be tbe minimnm amounb for ~+hitb aid iusaranee ~Ldl
: be ~rrineo md it sball be ineambeat upon tLe ~ortppr to m~iMain saeb ~dditioed in~nrmee u m~~ be neceaan to meet and ~
(oU~ rri~b aU eaimu+s~e [eqni~emeau eaot~ined ia aid p~liei~ to tbe eod th~t tbe ~aid Mortpsor is na a eaiowror
~ Imnranu a~ be wriueo b~ • eompan'p or e+mpmiaap~pr~~ed ~r dea~uted b~ tbe Mortpsee and allpo
lieia and ra~evraL tbereo(
~ dull be Leld b~ tbe Mortpsee. All detiiled de~i~tieer b~ tLe Mortp~or w6ic6 ~re~tecpted b~ t6e Mort~aee aod dl ~g~eemeat~
~ bet~?~ea Mortp~or ~od Mortp~ee relaNns N ioatrasey new esVtin6 or hereafttr made. t6~11 Le in writin ~nd sLall be ~ put of t6is
mortp~e a~rcaneat as ldl~ as tlan~h ~et (ortb ~erb~tim herein ~d a6a11 `orern bot6 partid hereto and ~r weowon aod asi~.
~ No lieo npon a~ e( ~aidpe lieies ot insur~oee or upoa ~n~ rdond or retarn prcmium whieh ma~ be pa~:ble oe the ancellation ~r
tumieation tbereof, ~6a11 be pveo to ottier t6ao tbe Mortp~x, eseept br~ proper wdonement ~H'uced to saeL polie~ aod appro~ed b~
~ blortpiee. E~e6 pelier o( insunnce s6a11eLase ~'oced t6ereto Staodard 1~Iew York Mortp see Clawe Mrit6oot Coatribation, m~kins
~ ~11 lon or Iwa~ mder ~ueL polie>p~
>~bie to tbe ~ortp{~ea d in interat m~7 appear. In tbe eveat ao mm or smw of mooe~ beeome
~ 6aRee ption ts reoei~re and a I the same on ~eeount of debtedna~ bereb ~eeured,
papble thenunder t6e Mort ~all 6ave tbe o pp 7 7
or to permit tbe ~ertp`er to reeeive u~d ~ue it, or an~ p~rt tLareol, wntLom thereb~ wai~ina or impairin6 ~~n~ eqaiqr, K ri6ht
~ noder ~nd b~ ~irtoe o( thu mort~se. In event of lo~ er ~ieal da~uase to the mort~sed prope»~ tLe Mortsa6or shdl~re imma
~ diate notiee therwf b~ mail to the Moct p s
e
e aad the Yort p 6ee ms r make proot ot 1~i~ same is oot m~de promptl7 b7 tbe
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~a~ goox
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