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HomeMy WebLinkAbout2344 ~ _ , ; , • ~ ' PROVIDF.Di, AL~AY3, t6at it tbe Mo~et~aaor ~6aU pa~ unto tue Mort6a6ee the indebtednees evidcooed by a oestaia promi~w~ nots oE ~rh~c6 tbe follo~rina ia ~rords wd S6ura is a tsue oopy to-wit: , . ' /~aN~~ ~O~ j~.pO.M Miami, Florida h~ 19~ ' FOR VALUE RF.CEIVED W~ promisetopa~r =o che order oE 81i~h B~ ~ ~~Ihe principal sum o DOLLARS. together with intere~t i ~hereon Irom clate at the rate of ten percent. per annura until maturity. both principal and interest being payable ii~ lawEul money of the United States at 203 Roper Building. Miami. Florida. or at such other place as the holders hereof may designate in writing. Principal and interest payable in iasullments as follows: ~r1? (~4p-00) ~olL~ ~a ~ 1~~ o~ iti. lyf~ Ms at 1lK. ~~~~t e~ iw 1SM ~y et w1 .~e i ~ry ioat? 1M~~~ti~s s1~il l~all. This note may be prep:+id in wl~ole or in ~~ar~ after one year trom ti~e date hereo( u~x~n payment of a penalty eyuivalent to two perc~ent o[ the princi~l sun~ prepaid. . Each installment payment shall be credited first on the interest due. and the remainder on principai; and interest shall ther~upon cease upon the prindpal so credited. 'I~he makers and endorsers of this note further agree to waive demand. nocice of non-paymenc and protest, and ~ in the event suit shall be brought for the collection hereof. o~ the same has to be collected upon demand of an attorney. to pay reasonabie attorney's feea for making such collection. " Deferred paymenu henunder shall b~:ar intaest at the rate of ten percent. per annum from maturity until pai • This note is secured by a mortgage of even date hertwith and is to be construed and enEorced according to the la f the State oE Florida; upon default in the payment oE principal and/or interest when due. the whole sum of prina and interest remaining unpaid shall. at the option oE the holders, become immediately due and payable. William H. ~yle, Jr. ~SEqI,~ Elsie F. Byle ~5~~ •nd ahaU perform, comply with and abide by eae6 md every the atipulstion~, ap+eements, oonditioas aad ooveaanb of said pmmissory note and of thia deed, then ilus deed and the estate thereby created a6a11 cease and be nnA aud ~oid. 1. The Mortga6or beseby oovmaati and aarees: ~ . (a) Ta pq all aad sia~rlar t6e pri~eipd ~nd i~erat asd ~ths s~ d m.ae~r wrabie by cirtne of Nid pr«niwq wte aud tLi~ deed~ .r eitber, provptl~ .n ttie ~r e~e~peeti~ tbs ~e ~e.enll~ bee~me~ aee. lb) To pe~mit, e~mmit er wEer e~ ~rawe a~d t~ maiwia 1~e i~opr~vemew ~t a31 ti~ iu •~te ~f ~wd ~cp~ir ai e~oditi~a; aod to do or peea+it to be done to nid permiw so~hia .t6~t ~rill a4er ~r ebu~e tbe tie awd e6~neter of wd pnpe~t~ ~r is M~y impair or ~ralcm t6e ~eearit~ _A tLis m~rtia~e. ~'iw we ~t d~e rdiMl, ~e~et ~r i~biiit~ of tbe M~rtps~r t~ r~ir ~od wiwi~ ~aid P~P~+~7. t6e MonPR~ ~+7. ~t W~pti~w. s~k~e wcL repin ~r nw~ tLe ~a~se t~ re wd~ a~d aiva~ee ~a~ee~~ u tWt beLdf. (c) T• qr all ~nd ~in~alar t6e tua. wa~ments~ levie~. 1i~ilit+es. ~od~~bliptior ~I ever~ au~re b wid iauiLeipr~p~~ ae6 md e.er~ ..Len doe aod p.rable .ee.rd:n6 ~e L.., bd~re~ 6eeeme ddi~qseat~ ~sd te deliru t~ tbe ~[ortp~ee ~s ~r bd~ flueh lSt~ ot eaeh ~ tu reeeipt~ erideacias t6e p~~ncat of al! I~w[ull~ impo~ed uses tor tLe preoedin~ aked~r ~ev; t~ isdem~if~ ~Le MortNSa nPb hi~ demaad for all tasa, arewnents aed ~u~ t6at auy be aaeaed opos tL'a artpae ~n t6e i~debtedsa~ ~eeared Lerebr, ~nd paid b~ tbe mort`a6ee, writlwnt nprd te an~ law beretef~re emeted or be~e~iter te be weted i~p~sia~ a~eat ~f tLe vr6ole or m~ put t6era~ upon tl~e Moctpsee. (d) T~ pq dl ~od ~ia`dar tbe eosts, ~ aod ~pea~e~, i~d~~law~as' fw ud abatract eow rr,we~bl~ iaesrred ~rpu d at .a~ cime b~ tbe Yortpsee beeawe ot tbe alere ea t~e put ~t tLe ~rtp~or t~ Paform. eoopl7 r?i~6 ud abiae b~ e~ei ud s~ery tbQ ~Qtl~itlOO/~ ~ tOAdItiWY tod tOVlO~IW OE Mld pf'OOiNOt~ OOfE ~ f~M ~ K C7f~K, ~ e~u~ wei p~pse~t ~11 bear i,kere.t rr.m a.~e .e ~be ra~e ot tea pe~ oenean, pa .a~o. le) It u fastber eo~ea~ated aod ~~eed b~ ~aid rria t~t ia tbe eveat ~f a sait beios ia~tituted ti t~reela~e t~ mortp~e, t~e lbrt- i p~ee .h.ll be mtieled to appl~ ae a.~ time ' ~ weL fored...re s.it to ~6e e.~vt 6..i•~ jari~dieti.o erere.~ ter tie~pp~ .reat ~f a reoeiver ~t dl ud sin~ol~r t6s m~~tP~ PnP~7. aoa ~f dl rews. i~e~es. inw~ aad re~esye~ tbee~e~t, [n~ w~iWener warce derived: aad tbennpon it i~ Le~eb~e~p rasl~ ara~ated ssd s~reed tL~t tLe Gsrt ~Il t~rtiaith ~pp~i~t aeb reoeira wid~ tbe asral pov?en ~ad dutia of reeeiven iu like ea~a: u~ ~td ~pp~iatmeat ~hdl be maae b~ tbe eoart a~ ~ wtte: ot Nries diLt to tbe 1[~ct~s~ee, ~od ~ritb~m refercoee ta tbe adeqo~e~ ~r iwdeqo~ep ot tLe vdoe ot tbe propert~ bereb~ mortp~ed, or a t4 NheAC~ or iawlreoe~ ~f t6e 1Nortpson or m~ at6er p~rtr defesdut p weh sni~ Tbe blortp~r 6aeb~ speei6all~ ~rai~a tie ria6t t~ ~Ljeet t~ ~e arpoiatmeat ~f • reeeircr ~s Joraaid ~ed 6etrb7 aP~7 eNaeab tb~t ~eeh appointmeat ~ball be made a aw ~iitted eqaib wd M~~atur of ~bwlate ri6ht to tbe Mertp~ee aod t~t t6e samc ma~ be dooe ~+itbom aetice t~ tbe 11[~rtpaet. (t) U foreelware pr~eeedinp s6onld be imtituted ~pi~t tiepnpe rtr e~vaYd b~ t`is mKtp~e ~po~ aq ot6e~ li~a ~r eW~ wtietber ~lk~cd to be snperior or jnnior to the lien of this m~etp`e. tbe Mortpsee m~r ~t 6w optioa immedi~tel~ npon imtitvtiow ~t weL wit ~r dorias the pesdeae~ t6ueof deelare tbis mortp~e aed tbe indeMedoe.s .eewed Lcrebr doe aad p.~aWe f•n6.~icb a.d mq ~t ib ~pt;oa proceed to fo?edae t)w mortpsa . (i) T6at tLe biortppr ~rill keep all ral aod perwnd prepe~ n~~+ or bereJter escumbered b~ tbe lien of tlu~ msrtp~e iawred r m~~ be ~equired from u~ ~o t;~.e br ~be l[oKi.~ee .pin~c I... b~ 5re. v~iod~to~ and ot}~er hasards, caswltia and t~ntin~eie~ for ~e6 period~ nd (or sot las t6~s saeL ~meuen a~ ~ re eeqoired b~r _tLe Mwtp`ee and to W7 Prompd~ w6ea doe dl prim~om~ ' ~~r ~nch inwnaca T6e wonnts o~ insataaee teq~ired b~ tw 1ilortp~ee s6d1 be t6e minim~ ~mouaq ior r+bieh pid iawnnee s6~11 be ~?rictea ud h~all bC iscombsst,~ tLe 1[~tppr u p~iiuia t~ additiorl ,iwaraoee a~ ma~ be aeoarar~ to meet wd e~] r fall~ ~vit6 aII e~iawrooa req~iremests eoatai,ea is Mid Mlieia~ b tbe md t6~t t6e wid D[~rtp~~r is n~t s e~ie~aror thu~~der. Iasonnee s~lt be «rritteo b~ a eompaoT K nmMnia~~pp~ ~ed ~r daip~ted b~ tbe M~rtp~ee aud allpo Ueia ~sd reoe~+~4 tbereof ahdl be ield b~ t6s 1[oetp~ee. All dwilcd de~ipati~ bj tbe ~[onp~or ~r6ie6 •re~~ b~ t6e lllirtp~ee aod all a~reea~eat~ 1 betwem 1[~et~~or rd Y~etp~ee rc1~tL~ t~ irma~ee. ww ~'stin6 er hernfta msde. ~U be in writin~ ~sd duq be ~ part ef tbis eoet~a~e a~reeoe~t a~ id1~ r~~et iKtb ~esb~ti~ 6aeia ~nd ~11 se~s bw6 paetia berea ~nd tbair wcca~on and aui~. Ne Leo 'po~ ~aidp~ liper idnr~oe er op~n u~ rdaod or returo prcmiam ~rhieh ma7 ~ M7abk e~ t~e anoelb[ioa es tumiaatios tha+eoi, abdl be pvea u wLer t6s~ tbs Mertp~ee, eept br~ preper wdsrsaneat aised te w~ polie~ a~d ~ppr~~c~ b~ MortP~ ~ l~~7 01 iawraaoe ibaD 6~:e afaed tberet~ a St~ndird l~lew York 11lortp ~ee Clanse vritLo~t Co~tr~botieq enakin6 dl les~ or leMa p~lie~ rble ts tbe ~[~rtp,ss ~ in ieterut rw~ appear. L tbe ewnt ao wm or wm~ ~f mowey beeome u Wrible tLereuader t~e li[ortpRee La~e tbe eptiea t~ rcoeire ~nd appl~ tbe s~me ~o aeroout ef indebted~ew ~eb~ ~ee~red, or t~ permit 1Le YertpsK t~ reoei~e ~sd o~e iy ~r ~nr pact tLe~cof, ~+itboat tbereb~r wai~in~ er impairio` u7 eqsiq, ~ir ri~6t i nnde~ and b~ nirt~e ~I tLi~ mortp~e. In eveat ~f loM ~r pirieal d~oiye• t~ tl~e ~ortln6~ P~+P~7 tbe 1[ortp~or ~hall iomo- ~ di~te notiee tbere~f b~ mail to tbe ~Ie~tp6ee and tbe Yortpsee ma~ ~wke prwf of las, if t6e uioe u vot m~de P~Pv7 b7 ~ . ` ' ~ aooK151 543 ~ - . - - - 4 ~ - i'~ ; ~ ~ ~ ~ ~ - - a