HomeMy WebLinkAbout1989 . ~
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P$OVIDB,Di, ALNAYS, that ii t4e Mo~asor sbaD pay nnto the Mortaaae~e the indebtednas evideoood br a
oertaia proao~ur~ note a~ wldc6 t4e follo~?ina ia ~?ards aud fi6ures is a true oopy tawit:
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/~aNlf~O~ ~0~1
I s 3~~~'~ Miami, Florida u~~ 19 ~
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~ FOR VALUE RECEIVED w~ ~~w promise to pay
~ co che order o Wglter Baahs
che pri~cipal sum o •~DOLLARS. together with intenst ff
chereon from date at che nte of ten perrent.per an~um until maturity. both principal and interest beingpa yable in ! ~
' lawEul money of the United States at 203 Ropa Building, Miami, Florida, or at such othet place as the holders Fiereof may ;y
designate in wricing. Principal and interat payable in installmeats u follows:
i ~..~~,li~n. ~~t~.e0) D.l~•sr ~«.~t 1~iat a. t~. ls~
~y? ot N~N~1~s~ 19i~.yM ~a~i~iwi~ a~ MM 1s1~ ~pr ot ~a~1?
' nN ~r~ aaaM ~1wa+M!'M: rtil ~it t~ l1~ll. ~
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This note may be pre~~aid in ~vhole or in ~~art after one year [ram the date hereo[ u~~on pa~~nent o[ a penalty
~ eyuivalent to two percent o[ the principal sum prepaid.
! Each installment payment shall be credited first on the interat due, and the reraainder on principal; and interest
j shall thereupon cease upon the prindpal so credited.
~ The makers and endorsers of this nott further agree to waive demand. notice of non-payment and protest. and
j in che event cuit shall be brought for the collection hereof, or the sam~ has to be collected upon demand of an attorney.
' co pay reasonable attorney's fees for making such collection. ;
! Deferred paymenu hereunder ahall b'ar interest zt the ntt of ten percenc. per annum from macurity until paid.
This note is secured by a mortgagt of ~ven date herewith and is to be consuued and enforced according to the laws
I~ of che State of Florida; upon deEault in the payment of principal and/or interest when due. the whole sum of principal
I~ and incerat remaining unpaid shall, at the opuon of the holden. become immediately due and payable. ~
~ ~ Bertha McNealv ~S~?L)
Millard McNealy ~5~~
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and shall per[orm, comply with ~d abide by eac6 and ev~+ t6e ~tipnlatie~sr aareements, ooeditio~ and oovcaaat~ oE
esid promiasory aote and ot this deed, thm t6is deed and the e~tate thenby creAted ~6a11 eease and be naH aad ~oid. '
1. The Mortaa6or hereby ooveaaab and a~reea:
(~1 Te p~~ all ~od sia~lu t6e Rri~eipd asd i~tcrtst_~ed N~ s~w ~ m~oe7 P~7~ bl cirtne ~o( ~id phmi~wq wte ~sd tLi~ ~
M deed, k eitLer, ~.vwy eo ~e an. e~«a.dr ~be .e.~r.ll~ bee.e~es d.e.
; (b) To pua~it, c~mmit er wEer N wa~e a~d u maiauia t`e impr~vemeat~ st dl timn i~ • state ~i ~ad rep~ir a~i e~nditiN; ~sd 1
in
I to do •r pern~it te be dose to ~aid p~+es»asNh~a~ tLu ~rill alter ~r ~e 1be ose ud e~rseter o( ~nia p~+pat~ K ia an~ ~ray
t impair or wakea tbe ~ritr ~f tLis sort~e. And iw we ot etie re(oW, se~et ,~r i4~bilit7 ~t tbe 11[~rtps~r t~ ~ir asd miwia
~aid PreP~7. tbe ~ortP~ee ~7. st Li~ eptia. m~ke npin ~r aa~ tLe wme t~ 6e oaae, aw~ s~rai~e ~~ee~~ u tVt be~lf.
(e) T~ p.r all aad sin~nlar ~be caies. aaa~e~eni,, leri~a, Wb;lieiu.~and ebU~i.o. ~t~+~ec~ ~u~e ~e ~sid iaeribei~t~ ae6 `
aad e~eq rrhea doe and pa~nble aeeordia6 te I~w, be[~re~ becooue deli and ce slcliver t~ tbe 11[ortp~ee w~r bd~ jlare6 ~
1Stb of ach ~ear wc reeapta evideneius tbe p~~neat of all law[nll~ im~
taus for t6e pceoedio~ ale~r ~ar; t~ isdem~J~ tLe
~[ortpsee ap~a 6i~ dawad tor .Il tases, aMasmmts asd elrr~s tb~t auy be aaased upon tIw ~rtp/e N tbe i~debte~a~ ~eeaeed
Lereb~. aod p.id by ~e mor~6.see, M;~ho~ res.rd co .o~ la.. bae~e~.re enaeted or bereafter t~ be es~eted i~pMiu p~~ae~R ef tLe ~
wbole ~r ao~ put t6era( rpon tlro Mortp~ee.
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td) To pp ol aod ~ia~uLr t6e ewn, eL~r~a aad apea~e~, i~dudin` Is~r~eer• (ees ~ed ~tract eow ewwbl~ iaearrea ~rp~ a~
u7 tima b~ tLe 1[oetp~ee beeao~e ot tbe f~ilnre ~n t6e put e( tbe M~rtp~or u P~v~. ~P~7 wRL ~ed abiae b~ aeL a~ e*err
[b0 ~III~Ll00~ fQ'ElmE~lt~ tO11atUO~Y ~d t6YtONN OF Nld pro4i~wq note ~ad•t6i~s ~ed, or eit6er. aea eetq wri p~~tat ~Il
beu i.tcre~t tr~s d~ee at tbe rue of ua per oeotom pes ae.~o.
le) L'u far~ber eo•enaated ~nd ~~ecd b~ wa t~t u d~e eveat ~f ~ snit beie6 i~wwted t~ [~reelMe tLi~ mwtp~e, tre Y~et-
p~se ~hdl be eatitled t~ appl~ ac u~ tioe 'n~ sae6 t~red~nnre sait to tbe cwrt L~~riK jori~iCti~e etia~e~t ter tLeapp~
fa~eest
~L a reeei~er ~t dl asd sisplar tLs m~rtP~ PnP~7. ~~f all emt~. ioe~sa. M+bv+ i~we~ ud e~nra t6ae~t, 6s~ w~ever
wuroe deri~ed: ~ad tbenupon ic i~ ber~eb~ acprasl7 e~~a~ted ~sd ~peed tL~t tLe Gnrt ~6d1 t~t6witi~ ypoi~t neL reoei~er witL
tLe t~l ph+un aod dotiw ot reeeivus in 6ice era: ~ai ai~ ~pp~iatmewt ~11 be m~ae b~ tbe conrt r a m~ttu af ~triet ri~Lt te
tbs Id~tq~ee, aod ~+ith~at [!~t[tD~! t0 t~lE ~alqWC~ K IO~C~it~ O~ 16! V~IOE ~ tbE p?Opp'tJ ~L~ WOfi~i~ K t0 tLE NIrCM~
K iwl~eaey 1Le Mortpson or ~n~ otLer put~ delead~ot t~ soe6 saiG 1be )dortpsor ba~ ~peei6eaUy rvaive~ tre ri6Lt t~ j
~bjeet t~ eLe qp~iotmeat ~f a reeeivu o doresaid asd bereb7 aP~~7 e~eatt t6~t seeL app~ietmeet ~hall be made ~ aa ~du~iped ~
eq~i4 wd a~ a~tter of absolate ri~t t~ t6e M~rtp~ee ud t~tt t6e wne ma~ be done ~+itbow a~tiee t~ t6e 11[~rtppr.
(f ) U[~eeelMw~e p»eeed'wp rhould be iartitoud apirt t~epnpe rtf eovered b~ t6ir mett6t~e ~e ~e7 otbe~ lie~ or d~ia ~?LetLer
alle~ed to be snpuior or jrnior to tbe lieo o( tbis e~etp tbe D~octpsee roaT ~t 6is option immedi~tel~ npoo in~titution ~t weL
soit er darins t4e pasdeaey tLered deelare tlw ~ortp~s ~ tLe indebtedeas ~ceared bcreby due ~nd p~rbk f~rt6..ith ud war ~t
~ its ~ptiee P~ocecd,ta fored«e tbi~ mortpsa
(i) T6at tbe Ddortppr ~?ill keep all ra! ~sd P~~ P~~~7 w~r or heredtu eneumbered b~ the liee d tlu~ m~rtp~e iawred
.s m.~ be reQa;rcd trom eime n wse br ibe 1[eesa~ee api~ lo.s b~ S.+e, «inda~orm .nd wber 6a:ards, caswltia snd ewtie;eaeica
s f~r web period~ aed tor not las tL~n a~ ~osu ~ m~~ re req.ired by i6e l~or~pa,ee .nd co w~ nrompdr ..bea d.e all prm~om.
~ (or ~ach iwaraoea TLe amonnu of insnnece req~ired b~ tis 1[ert~~ee slull be 1be miaimoo smounb f~r ahieh wid iawnnee shaU
- be written ~sd it ~Il be ioeambeat ~po~ ttie 1d~tippr t~ s~i~uio w e
b a d
d iti o
e d iwaraoce a~ ma~ b e oer.cwq to ~neet an d eodpl7
toll~ nitb all eoi~wrs~ee reqrir~eat~ ewtai~ed in ~ l~iefes b tbe ead t6~t t6e aid Alortppr is aot a eaio~oro~ t6uetinder.
a ~po
Iasnra~oe ~.lt be ~?ria~ b~ . eomipaaT .r e.~ie~ ~.r da:pMted br t6e M•rtpBee aed all Geie~ ~ad ca~e.rals thereot
~11 be held b~ tLe ~[ortia~ee. All detailed daip~tiw - t6e ~[~rtps~r wrbic6 ~re ~ b~ t6e M~rt~~ee a~d dl ~pren~eat~
betweea Y~etp~or ri 1[~ttppe~e1~ t~ ienra~te. ~r a~ci~tin6 or i~ere~Eter msde. sb~ be in ~+ritina sod ~11 be ~ p~rt of t~a
oortp~e ~~re~eat r faD~ ~ tLon~ ~t (~rtk ~erb~ti' hereia ~od s6~ll Sorerw botb partin beret~ sod tLar s~ea~on and aaiBos.
- No liea apo~ aq d widp~
liesa ~wra~ee or op~e a~~ rdmd or retura prrmium r?biel~ ma7 ~ P~labk o~ tLe aoeellation or
t~nisuioo tberal. ~ll be p~m te ~tbe~ tLn tbe 1[ertp~ e~t b7~ proPer wdonanem a9'io~ed to sue~ palie~. a~d ~ppmred b~
Mlortp~ee- Eaeti Pdie7 iewnoee ~MII b~se a~ed t6era~ a Suodard New York M~?t ~ee Clawe ~ritLNlt Ca~tribtitieo. makins
~M p
dl IeM er IoMa oder neb p~1ie7p~
7~~ble t~ tLe l[~rt~~es ar ib ieterat m~~ appeu. Ia t6e e?eot ao wm or wra~ of ~o~ef beeoa4e
es ~J
P~7!ble thcreowde~ tbe ~t~rt6a~pee ~lull L~re tLe ~ptiw t~ e~eeei~re and app
I1 tbE ~tfOE f0 lKOOOI O~ il1E indebted~a~ 6creb~ ~eca*ed.
pee
or a pecmit t6e Y~etppr a reai~e asd ~e it. ~r ~ar P~ct tLeYnof. rn'tbom tbaeb~ ~raivina or impairis6 ~u7 ~~7. ~~r ri66t
noder asd b~ drt~e ~t tLi~ mortp~e. Is ereat ~f lor er pL~sical d~m~6e to the mortRi~ed Prope+t7 tbe Mortaa`or sl~all ve i~ma
• diate n~tiee tLeeat b~ wil t~ tbe 1d~rtp`ee ~nd tLe ][~rtp~ee may make proof ef lw~ i( tbe wse u Nt m~de P~~Pv~ b7 ~
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