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HomeMy WebLinkAbout1465 1 ` . PROVIDE~D, AL~AYS, tLat if the Martaasor ~LaU pay unto the Mortaa6ee the indebtedneea evidenced by a ocrtaia prwni~wq note of ~rhich tbe followiaa in word~ and figures is a true copy tawit: _ _ /~aN~~ ~O~I ` +utt+~ta~••, ~laInl~ '~OTI~ ' ;1.«9.00 J~1~. 19~ I FOR VALUE RECEIVED promise to pay ~ ~o che order o ~ ~he principal sum o •"DOLLARS~ together with interat ~ ~ c h e r e o n f r o m d a t e a t t h e nt e of ten p ercent.per annum until maturity. both pri~cipal and interest beingpa yable in , lawful moner of the Uniced States at 203 Roper Building. Miami, Florida. or at su c h ot her p lace u t he ho l ders 6 e r e o f m a y : ' designate in writing. Principal and inttrat payable ~n iasWlmeats u follows: ~ ~ i !l~1s1~l~t~ ~~3+~.00~ ~l1~sr ~e Mi~'s tM 1~1t : ~j ~t N~f~w~re~ 1~fi, ~i M~i~¦t~ ~w ~ir 1St~ i~1 ~t M~ a~t w~/ s~sl~ i?w~rl~~r siil ~ai~ is l1~li. ~ ~ i This note may be prepaid in whole or in part a[ter one year (rom the date hereot upon payment of a penalty I eyuivalent to two percent of the principal sum prepaid. I, F,ach installment payment shall be aedited fint on the interest due, and the nmainder on principal; and interest i shall thereupon c~ase upon the grindpal so credited. . j The makers and endorsa~s of this note further agree to waive danand. notice of non-payment and protest. and I in che event suit shall be brought for the collection hereof, or the aame haa to be collected upon demand of an attorney. co pay reasonable attorney's fees for making such collection. i Deferrcd payments hereunder shall bsu intecat at the nte of ten percent. per annum from maturity until paid. ~ This note is secured by a mortgage of even date herewith and is to be mnsuved and enforced according to the laws ~ I~ of che State of Florida; upon default in the pajrment oE prinapal and/or interest when due, the whol~ sum of prinapal , ~ and interest remaining unpaid shall, at the opuon of the holdera, baome immediately due and payable. Anv M Tvanr - (SEAI-) ~ Nelta Tyson ~s~ni.) ~ - and shall pedorm, comply wnth and abide b~ each at~ e~?~y t6e aipnLtion~, a6reemeats, conditions and oovenanb of ~ eaid promiasory note and of thie dced, then thi~ deed ana the ertate thereby ce+eated slull ceaee and be nnU aad void. 1. ~rhe. Mong~aor hereby co~~aans. and a~ees: - To p~~ dl ~ad ~insnlu tbe prioeip~l ~ed iaterqt ud ~tbar wo~ ~t m~ae~ Mrbk b~ rirtoe ~f rid pn.ni~wq note and tLi~ • deed, .r eitLer. promptl~ os the d.~ rapcsti.d~ t6e ..oe ~ereer~b bee.oe. d.~ (b) To permit, c~m~nit or su[er no .va~e asd u mainui~ ttie iiepr~v~mew u dl tim~s is •.au ~t ~o~d ecp~ir Yi e~sditi~n; ~od ~ to do or pcsmit to bc done to wid premi~er aot`i~ tM ~+ill ~ite~ ~r e6~~e t5e s~e a~d e~nda of ~aid PnP~7 !r ~ m7 ~+~7 ( impair or weaken tbe ~eearit~ e( t6ia m~~tp~e. ~ u wey of t6e refwl, ue~ieet ~r ia~bilit~ ~ t6e ~~rtpp~ t~ r~p~r ~od mai~uie ~ said propest~. tbe Mortp~ee w~. ~t Li~ epti~w. ewke suL rq~an ~r aa~e t6e ~~me t~ be vd~ a~d ai~aree a~e~ u t~t be~li. ~ (e) To pa~ aU and sa~slar ihe ases, a..eameou. le.i~s, lialiL'Ric.. .ad .bL'pu... .~e~er~ ..~.re .a ..id iaeribe~ aeb and eveq ~rben dae ~od p~~able ueordins to t~w, betore~ tieeome asd 1e ~dirar t~ tbe Mortp~ee oa ~r ore 11[are6 en 15t6 ot aeh ~ear tu receipts evideneins tbe p~pmmt ef dl 1~(uU~ ima~ tues tor tbe preoedias uieud~r ~ar: t~ indemni(~ tbe Moct6a6ce upon his demand for all tua, aae~ments aed eL~r~es t6~t mq be aswsed npoa t6is ~et~e ~a t6e iadebtedsea ~eeored hereb~. aud p~id b~ tbe mortga6a. ~vithom rc6ard to m~ I~rr 6aetei~re emeted or 6uedter te be ee~eted i~p~sia6 pqmeat of tbe wrhole or m~ put t6ereof upon the Mortsasee. (d) To p~~ ap aad ~insular tbe cwts. e6u~s and espee~e~. iadudioa 4w~as' (as ~ed ~b~tract ewb rea~oe~bl~ ieeorred ~rp~ id ~t ao~ time b~ tbe 1[on~6ee becaose ot the (~iture on tLe put of tbe Mert~or t~ paform~ cenpl7 wi~6 aad abide b~ ae6 and every t6e ~tipnlatiom, a~eemeots. eonditioru ~nd eo~ewnb d said promiuoq note ssd t}us.aced, ~c eitber, sed t~e~r7 weL pqmest ~11 be~r intera~t trom d~te at tLe nte oi ten per eeotam per amas• (e) It ia tnrther eo~en~nted and ~Erud b~ widp rtia t~t ie tLe ~veat et ~ snit bEias iw~titnted t~ t~redwe tbis mortp~e, tLe M~rt- aasee ~6d1 be eatitled to sppl~ at ~o~ tioe padins w~ (~red~wre s~it t~ t`e e~art 6wi~~ jori~didie~ e6era~( Eor the app~inomeet of a reeeivcr o[ dl and sia`alar t6e mort[~6~ P~~P~7. ~nd of dl ~a~, i~eesa. Pr~b. iMne~ ud revmms tbe~e~f, Erom ~rh~twever wnree duived; and t6ereupoo it i~ 6ereb7 ezPreN17 e~~ew~nted sad ~~eed tLd tLe Gttrt ~ll t~t~rit6 ~ppoiat sad~ reeei~u with the ~wl powen ~ad dutia of reee:ven ia like cra; u~ nid ~ppoima+a~t sdll be made b~ tbe eonrt a~ ~ matter ~~triet na6t to t6e Mort6asee, aad rrit6ont re(ercoce to ~.~.~r .r ~n.dwo.ey ot ~ ~vne ot ~e n~o~«s~ ~r ~ort6.~. o~ ce ~.oto~ or inwt~ene~ of t}~e Mortsa6on or ~n~ otber p~rt~ de~ead~d t~ sneh suit Tbe ll~~rt6i6o~ bereb7 ~peei5all7 vai~es tLe risht ta object to the appointtnent of a rceei~er as afo~daid ~wd bereb7 a~preMly eor~se~ tLu ne6 apPointmeet ~ball be m~de a~ ae admined eqnit~ ~ad as a satuer of absolme risbt to t6e Mortp/ee asd ~t the s~e m~~ be dooe ~+itlant aetiee te tbe ll~~rt~as~r. (t) If (oreelwure proeeedinEs aboald be imtituted ~piest tLe pr~puty tovaed b~ tbir mortpBe opun ao~ otLer lim or elaim w6e~her alleaed to be superior or jnaior to the lien ot tlw mettp. tbe Mort6a6ee m~y st 6is optioa immediatd~ apon iastimtion o( socL e snit or darios the peadeuer thereof declare tbis mortp~e tbe indeMedneu ~ecared 6ereb~ doe ~nd p~~able fort6~+itb asd mar at ib optioa proceed to forcclwe this morisa6e. ~ (S) 17ut tbe ~ortsss~r wrill keep ol real aod pensed propectf ~w or 6ereafter e~cumbered by the liee of this m~rtp6e inwred ~s vur be required irom time to tune b~ tLe Mort6t~ee 1oM b7 5~+e+ wind~torn ~nd othe~ htz+rds, uswltia aad eeatin6eneia ~ f~r soc6 periods ~nd tor not las t6an sae6 amo~mu as w~ Le re~a~re~ by tbe Mart~~ee aad to W7 Prompd~ Mrben doe dl premium~ _ (or ~neh insnrsnca Tlie amounu of imnrsnte reqdired b~ tbe ~fortp~ee Eh~ll be tbe mieimam ~mounb (or ~rhic6 wid iosnnnee s6d1 ~ be written and it ~hall be ineambeat opon tbe bl~rtppr to m~iauin swb ~dditioad insv~oee u ma) be necasar7 to weet ~nd eomply ~ full~ ~rith all eaia~uraoee reqoiremeats eomained is Mid rlieies t~ ~tbe ead t6~t tLe aid Mortpsor u oot • eaiawror tberennder. Insnranee s6df be ~rriueo b~ • eompany or eomp~eies~ppro ~ed or daipated b~ t6e Mortpdee u~d a11po lieia and reaeMra4 t6ereo( ~ ~6d1 be Leld b~ t6e Mortpsee. All deuiled dai~tieer b~ tbe lldortp`ot wLitb ~re~ce~t ed b~ tLe Mert~6ee asd ~11 a~eemenu ~ bet~reen Mortp6or ~od Mort6aEee relarin6 l~ iawrasee, eow aittin6 or hEteJtu m~de, sL~ll be in writin6 and ~hal! be a part of thiu mortpse asrcaneat ~s laU~ as dansh ~et toet6 ~erbatim hereie ~nd ~Il so~un bot6 partia he~ete md tLeir soeceawn ~nd aniRns. I~Io lien upon ~n~ ot uidpo litia of iruurrace or upon ao~ rdaod or return premiam which may be pa~able oa tLe nneel4tioo or termioation thercot, sL~ll be pvea to otLer th~n tbe Mortp~ey escept b~~ prepa endonement a~ed to sne6 polie~ sod appro~ed b~ Mortpsee. Each polie~ of in~unnee s6d1 h~se d6sed thereto • Sundard 1Vew York Mort~a see Clawe ~+ithont Contribatioo, makios - dl loa or loncs mder ~nch polie~p~ ~nble to tbe Mortaa6ee u ib interdt ma~ appear. In tbe event an sam or anmr of mooey beeomc pa~~ble thereunder the Mort~Ree shall 6ave t6e option to reoeive and applr ~he same on aceoant of ~e indebtedeas hereby secnred, or to permit the Mortpsor to reeeire ~nd ~ue it, or ~n~ put thereoi, v~titLout d,erebr waivin6 ~r impairin6 ~n~ eqnit~, liea~ or ri6ht ander and br rinae o( thi~ mortsaRe. Io eveat o( lor or p6~si~a1 dan~a6e to the mortRased pwpert~ tbe Mortsa6or shall ~ve imme ~ di~tt notiee t6ereo( b~ mail to the Mori6asee aod t6e Mortsa6ee m~~ make proo( of iws i( t6e s~mt is not m~de premptl~ 67 ~be ` ' g~~K 15U 2~4 , t ~ . ~ . _ ._~y~. _ N~~ ~ ~ - ~ ; _ -