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Home My WebLink About1695 PROVIDEI?, ALpAY3, tLat i[ tLe Mortaa6or ~haU pay unto the Mortgaaee the indebtedneea evidenced by a certaia proani~wr~ note ot rvbich the Iollowins in words +?nd fiRuree is a ttue copY tawit: _ ~ /Ka?~t90~s NO~i ~o•'~•'.•" Miami. Flori~a ~1! 1~. 19 ~ j s t.T00.00 ; i~ FOR V~El'dl•~~ w ~ promise to pay ~ co the or~er of ~ • • • • DOLLARS. together with interat ~ ; . che principat sum o ~ chereon from clate at the nte of ttn percent. per annum until maturity. both principal and intetest beingpa yable in U , lawful money of che Uniced Sutes ac 203 Ropet BuildiAg. Miami. Florida. or at such other place as the holders fiereof may ~ designace in writing. Principal and interat payable i~ instalimeats aa follows: , ~ ' ' n~'~s t~laa~ s.z~. ~ .«.~a ~s..ei.t w.1~ .~r ' i a.~ ...~..i. s. ~ .t ..i .~..or ~ ..~sl ~w ~ I I This note may be pre~~aid in Hhole or in part after one year trom the date hereoE u~~on payment of a penalty eyuivalent to two percent oE the principal sum prepaid. ~ Each installment payment shall be cteditcd fint on the interat due. and the remainder on principal: and interest ~ shall thenupon cease upon the principal so credited. ~ The makers and endonas of this note further agree to waive demand. notice oE non-payment and protest. and i in che event cuit shall be brought for the collection hereof. or the same hu to be collectcd upon demand of an attorney. co pay reasonable attorney's fees for making such rnllection. I Deferred paymenu henunder shall beu interat at the nce of ten percenc. per aanum irom maturicy until paid This note is secured by a mortgage oE even date herewith and is to be rnnstrued and enforced according to the law oE che State of Florida; upon default in the payment of principal and/or interest when due. the whole sum of princip and interest remaining unpaid shall. at the opuon of the holders. become immediately due and payable. ~ paul C. Honeycutt ~S~,~ Sueie Honeycutt ~5~~ I ~ and shall pedorm, comply with and abide by eacb and evesy tbe stipulatiow, a6reemeaM, oonditions and covenants of eaid promiseory note and of this deed, then thi~ deed u~d t6e estate thereby created shall ceaee and be nnU and void. 1. The Mortga6or l~ereby ooveaants and a6ree~: (a) To ~a~ aU asd sinsular t6e pri~cipd and iaterat ~ad N6er samr ~t m~ae~ pn~bie b~ virtne o~ aid promiwor~ note and thu dced, or eitLer. P~umptl7 en ~Le d.r. re.peed.d~ iLe ..me .e.a.ll~ beeomes dae. (b) To permiy eemmit or wter ao ~+a~te ~od to m~inuia ttie impr~vemaw ~t ail tima ie a stue oi ~~d repair ua eondition; ~nd ~ to do or permit to be done to ~aid premi~a nothin` t6~t aill alter or e~o`e tLe we wd eluncter of wid proput~ or in ~n~ ~+ay imp~ir or wrealcea tbe ~ecarit~ o( t6is mort~~e. And ie we o( tbe ~e(m~l, nesleet ~r inibilit~ of tbe ~ort~er t~ rep~ir aad nuiauio wid properqr, the Mortp6ee Aaf. ~t Li~ ption. aa~ke ne` reP~in or dok t6e wne N be wde, aad ad~aoee meeer in tb~t beLdi. ~ (e) To par dl aod sinpilar tbe axea, a~w~nenu. levie~, liabilitia, and obGptioo~ ~f ev ~atve ~a ~aid daeribca pr~pe~tp ueh ~ p~ ee ~ aad e~eq ahtn doe aad pa~able ~eeordiu6 to lar~, before become delioqutnt, ~ad to rde~va t~ t6e ~ortp~~ee os or betore ~arch 15tb o( ach ~ear tu reeeipts evidencias tht p~~ment of dl ia~rtuU~ impo~ed tues (or tLe preee~as ulcadu ytar; to iademui(~ tl~e m ~ Mortsasee upon ha de~aaad tor all tasea, wewnenb aed eh~r`s tlut mar be ~sseased upon tLi~ artp~e sn t6e indebtednea~ ~ecnrcd ; ~ Lerebr, ~nd paid bY the mort6aRee, ~rithom te~rd to ~n~ l~~r 6eretofore eaaeted or 6ueaRer t~ be ea~eted imposin6 p~~ment oi tbe •rhole or mr p~rt the~eu( upoa thc Mor~6asee. (d) To pq ~11 ~nd sin6nlar t6e cwu. c6ar 6a aod e:pea~ea. isdudins la~en' (eea ~ed ~b~tnd toas reason~bl~ ineurred or p~id ~t m~ time b~ tbe Mortsasee because of the tiilure on the p~rt of the M~rt6aaor to puform, eooipl~ witL aod abide b~ aeh ~nd every the stipnlatiow, aEreemeats, eondi~ions and covenanu of wid promiswq aote ~od this dted, er eit6e?, aed e•err we6 p.~en~ dull bear interat trom d~te ~t the rate of te~ per centum per aanu~o. ~ le) It is forther eo•coanted md ~Ereed b~ ~idpa rtia tbat in tbe event o( • suit beia6 iwtitnttd t~ ~oreelose thir mortp~ tLe Mort- 6~6a ~6a11 be eatitled to appl~ ~t an~ time pead'm` ~och t~reelewce snit t~ d~e ew~t 6~vi~ jnri~dietioo t,Leresf for tLe app~ioomeot o( a reoeiver ot all and siu~lar tbe mortp~ed propertr. and of all reou. incoses. Pre6b, i~snw ~nd revmne~ t6ereef, t~om vrL~tsoever wnrce derived; and thereupon it i~ 6ereb~ expraal~ to~ee~nted ~nd sseeed t6~t tbe Ceurt ~6d1 f~rt6r?ith ~ppoint ~aeh reeeirer with the wnal powen and detie~ o( rueivus ia like ea~a; wa wW sppoimmest ~hdl be made b~ t6e eoart as ~ ma~ter oi ~triet ria6t to the Mortpsee, ~nd v?it6oot reference to the ~deqwer or in~deqo~e7 of 1Le vdue oI t1k Propertr ~ereb7 roortaa6ed. or to tbe wlvencr or in~olv..ne~ ot the Mortsason or an~ ot6er partr de(ead~at to sue6 suit. 1Le ll~erip6or bereb~ speei5all~ waives t6e ri6ht to ; objeet te tbe ~ppointment ot a recei~er as aforesaid aad bercby a~prdslr eonsents tb~t ~oeh ~ppointmcnt ~6a11 be aude as ~n admitted ~ eqoitr ~nd a~ a a~stter oi abwlnte ri6ht to t6e Moctp~ee ~od tLat the ume au~ be done ~ritboat eotiee t~ tl~e Mon~6or. (t) U foretlosure proceedinEs ahould be irotituted apio~t thepr operty eovered br tLi~ mort~~e opon ~n~ otLer lien or cl~im r?hethe~ allesed to be superior or junior to the lien of 1}w o~ortpse, the Mort6a6ee m~~ ~t Iw option immediatelr opon inatitution of suc6 snit or durin6 the pendeoe~ thereof declarc this mortp`e and tbe indebtedrxss ~eenred bereb~ due ~ud pa~able fortbrrit6 aed ~aay ~t iu option proceed to forcelo~e thu aiort6a6e. (6) T6~t t6e 1Nort~ss~r wrill keep all real and penooal prope~tl norr or hereafter eseumbered by the lien of this meri6a6e insurtd ~ ~s ma~ be required trom time eo ci~ne b~ tbe 11Iort6a~ee ~piryc ba b~ bre, windatorm and otber has~rds, easualties and continReoein ' t~r saeL periods u~d for oot las t6an weh amamu as mq be ee9oired bp tbe 1Noct6asee aad to pal Promptlr M6eo due all premium~ ~ for saeh i~sunnce. 1Le amounu of iasurance reqaired b~ tLe ldort~dee Ehall be tl~e mieumum amounu (or Mrhich ~aid imunnce slull ~ ~ be Mrriaen and it ~h~ll be ineambent upoe iLe Mortaa~r te maialrin sue6 ~dditioed iwaranee as mq be necussr~ to mcet ~nd comply fall~ v+ith all eo-i~urmee reqairemeau conuined in ~aid p~licie~ to t1~e ead t6~t t6e ~aid Mortpsor is not s eo-i~wror thereunder. Insaraner. ~5alr be written b~ • eompanj or eomp~niaappro ~ed or desi~ted by tbe Morl6adee ~nd a11 polieiea ~od renc~rds thereof ahdl be beld b~ the Mort`a`ee. All deuiled desi~tioo~ b~ the Mortaasor Mr6icb art stee~ ed b~ the Mort6a6et aad aU agewenu betwetn Mortpsor ~ed Mort6aaee relatins to iusanaee, oow e~tin6 or here~fter made. sball bt in ~?ritins and ~6all be • pari of this mort6a6e a6reemeot y fnll~ ~s tLon6h ~et fw~th ~erbatim 6erein and ~6a11 6overo both partid hereto and ~6eir succwon ~nd aesi~tns. No lien upoo an~ d raidpo lieia of insnraoee or upon au~ rdnod or return premium r+hich mar be pa7able oo the uneella~ion or termination tbereof. ~LaU be 6iven to ot6er than tLe Mortp`ee. e:cept b~~ proper endorsuneM al6xed to snc6 polic~ aad approved b~ Mort6asee. Eae6 polie~ of insunnee shall h~ce al6sed tl~ereto • Standard JVcw York Mort Eee Clanse Mrithoat Contribution. m~kin~ dl low or losses mder ~ueh polie~p~ rable to tbe Mortaasee i~ iu intertst ma~ appear. In t~ eve~t an~ ~nm or ~oms of ~noney be~omc : parable the~rnndtr tl~e Mort6aRee ~hall have the option to reuiv~e and applY ~he wme on ~ecount ot the indebtedeas hereb~ ~eenred~ ; or 1o permit Ihe Mortp`or lo rcceive ~nd we it, or any p~rt thueot. ~rit6out therebr wai~in6 or impairin6 an~ eqoitp, lieo; or ri~t ander and b~ virtne o( thi~ mort6aRe. In event of loM or pb~iral dama6e to the mortRa6ed properi~ tbe MonRaRor shdl R~ve imme- - diste notiee thereof b~ mail to the Mort6a6ee and the Mort6aRee mar make proo( ot loss if tbe wnt is oot m~de promptl~ b~ t6e ~ • soo~ 150 ~L ;49 . 4 - ~r i;~~~ ' ~'.<~'r""'~~+''as-=`-c.r...~: S-. - ~ E~ -