HomeMy WebLinkAbout0633 ~ ~ ~
PROVIDB,D, AL~PAYS~ that it the Morta,aaor .b.u p.~ ~?to ~~a~ana. eria~no~d br a
oertaia promiNOr~ note uf ~r6ic6 tbe [ollowins in ~rord~ aad fi6ares u~ true oopy to-wit:
/~aN~~~ ~O~ 1
~ 3,000.04 1 1
~ ~ 19i~
~ FOR VALIJE RE~VED ~1 ~ promise to pay~ ~
t~o che order o ~TOe~ • R• ~ N ~
~ che principal sum o LLARS, together with in ~
i ihereon from date at the rate of ten percen~prr annum until maturitr. both principal and interest beingpa
pable in
I lawEul money of the United Suta at 203 Roper Building, Miami, Florida. or at such other place as the holders hereoE may
( designate in writing. Principal and interat payabk in iastallments u follows:
siaet,i? ~~~80~ ~lls~ yq~ ~q 1~la~ia t~ l~t~
~~t Ot~t~~~~. ~ ~ l~~ild~yr ~
~
i
~
This note may be pnpaid in ivhole or in part after one year trom the date hereoE upon payment of a penalty
eyuivalent to two percent oE the principal sum prepaid
i Each installment nayment shall be uedited firat on the interest due, and the temainder on principal; and interat
shall thereupon cease :.pon the prindpal so aedited.
The makers and endorxrs of this note further agree to waive demand. notiee of non-payment and protest. and
in che event suit ahall ~e brought Eor the mllection hercof. or the ume has to be collecced upon demand of an attorney.
co pay reasonable attorney'a Eea for making such collation.
~ Deferrtd payments hereunda shall bear interat at the nte of ten percen~ per annum from maturity unW paid.
This note is setured by a mortgage of even date hertwith and is to be oonstrued and enforced according to the lawa ,
of che State of Florida; upon default in the payment of principal and/or intarst when due, the whole sum of prind 1
and interest remaining uapaid shall. at the option of the holdas, bocome immediately due and payable.
~ Mose Pinkney ~g~~ ~
Ollie B. Pinkney ~5~~
~
~
pnd s6all perform, comply with aad abide by eaeb and every tl~e Nipnl~tiona, a6recnaents, oonditions and oovcoaats ot ;
said promiewry note and o[ t6is deed, then tlw deed and the c~tate_ tl~ereby cteated s6all cea~e and be naU aad void.
• 1 ~ . . ~ i ~ r
1. The Mo~6o: hereby oo~~a~. and a~: . . - r
(a) To pq all ud ~inNlu tbs ~ ud iaters~t ri M6er ~~w ~f ~e7 M7~ M7-~ittrs't nid pnmiwq wte ~ad thi~
, deed, ~r eit~er. P~P~7 on tLe r rarpecti~d~ tLe ~~e ~+r~rall~ bebmea dre.
~ (b) To permiy e~mmit or w~er a~ ~ra~e ~nd to maiaui~ t6e ~opravemedts at aU time~ ~l ~~tate ~t ~Nd rep~ir ~i aoditia; ud
to do or permit te be done to ~i~ia ~miies~'wthi~ t6K irilI' ~hcr ~r ~e tbe 3Ne aid c6~ndei ~f ~aid pr~pa~t~ ~r u u~ ~+ar
i impair or rreakea t~e ~eearit7 ~t thia. ~rtP~e• ~ ia a~e ~f t6e ref~l+ ae~{~ ~r ia~biW7 ~AtLe 1[~~r t~ rep~ir aed a~ai~tai~
~ ~aid ProP~+~7. tbe b~orts~~ee a~7, ~t 6ii !ptiow. make neL repin ~r are tLe s~me t~ be wde. aw~ ~iva~ee aaene~s u d~ bd~lf.
' (e) T~ par all aod sia~dar tbe tua. a~wauenb, levie~, lia~7iti~? ~ad obliptioa~ o( er.e~ rtve ~a wd ie~eribd ~e~pat7r aeb
.oa a~ ~oa p~r~ble ~eeordin6 to la~+, be(~re ttie baome delisqaeat, and to ,d~liva u t6e ldortp~es w~r bd~re 14re6 ~
1St6 of eaeh 7ear tu reeapu evideaeina tbe p~7meat o/ impwed usa tor t6e preoein~ e~k~du ~rar; u iademait~ t6e
~[ort6~see ap~n Iw demaad for ~Il tuea, a~r~aneo~s aad e]~r~s t6u mq be as~uaed upon tLis ~wtp~e ~a t6e iadebted~er ~eeared
6ereb~, ~nd paid b~ tbe mortp~ee, ~vithoot r~prd to m~ lan beretsf~re eweted er 6eceafter t~ be ea~eted i~pMU~ p~~eat e~ tLe
~rbole ~r my part t6ereof upon thc Mortp~ee.
ca~ T. pq .u .aa .in~nl.~ ~he ~vu., eL.~~a .oa espea.e~, ~.a~ain~ V..,a.~ r«,. .sa .b~ran ewt. .ca.oe.b~T :~.r.ea Kp~d ~t
~a~ tiae b~ tLe 1[ortp6ee beeawe o( the f~iinre os the put ~f the ~i~rtpdor te P~+furm. ~oa~Pl7 wit6 od ~bide b~ aeh ud e*e+7 i
t6e stipulatio~„ tkeemeah, eonditions md ceven~su ot wid prosiwor~ note a~ tbia deed, ~r eit6er, aed e~r we~ p~~eat ~U ;
beu iaterat inm d~te at tbe rate of ten per centnm per ~asuo. ~
le) 4 u f4rtber eo~enanted and a~eed b~ wdp~r~a tl~t u t6e evcmt d a ~nit beios i~atituted t~ t~reelMe tLi~ mortp~e, t~e ~I~rt- '
p~ee ~11 be eaRitled to appl~ at wr time peediua ~aeb t•reel~we~c atit to tbe ee~rt ~wiK juri~didieo erereo( i~r t`e ~eat i
~t a reoai~ et dl asd sin~ul~r t6e m~rtpi~ P~P~7. aoi ~E dl reots. i0e~. ln6b. i~we~ ude~renaes t6e+~t. t++o
~
~oaree deri~red; ~od tbereupon it i~ hc~eb~~p~~
T eo~eauted aod a~e~eed tL~t tbe Gnrt ~Il f~witb appoi~t ~oe6 neei~er wit6
t6e ~w~l pw?en ~sd datia of roeeiven in li~e era; ui Mid app~iwmeat ~Il be made b~ tbe conrt r~ mmer ~trid riiLt te
t6a ~[Ktp~ee, aod ~?itbaut re(ercoce to d,e adequaey er ia.deqo.r~ of ~be vdue et ~be propa~r 6eneby mor~s.sed, or a ~Le Nl~eeey ~
~r iaNl~eot~ ~t tbe Moctpson or an~ etLer put~ ddead~eR a sac6 suiG T6e Monp6or bueb~ speeifiullr w~ira t4 ri~bt t~ f
~bjeet b tie apsutment ef ~ roeeirer u dore~aid aad Lereb~ apreaslr e~roen~ tlut ~ appeintmcot ~hall be m~de ~ ss ~dmitted ;
eqoib od a~ a~tter d abwlute ri~6t te t6e M~rcp~ee ~ed t6u tbe same au~ be dooe witbo~t ~~tiee t~ ~be 11l~rtpsK. '
(f) IL toreelosnre preuedinis shoald be in~tituted ~piort t4 pr~perty covered b~ tLir a~onp~e ~e ae~ otba Gee ~r daie ~rLq6tr
alk~ed to be soperior or jnaior to the lien of tLis mortp`e. We Ddort~a6ee ma~ at 6u opuoo immedi~telr npoa institution a~
•ait or darioa tbe peadeee~ tLereof deelare tbis mortp~e aod tbe indebtedoas ~ceured Lereb~ dne and pqa~le f~rt6~rit6 ud w~ at
~ ib ~pt?~n pr~eeed te f~reclNe tlw moRpsa
T6at t~e ~[ortp~or v?ill keep a11 red aod penowl propert7 ww or beredter eseumbered b~ tbe lien of ~his m~rtpye iewred
~ ma~ be required from time to ti~ne b~ tLe liortis~ee ~piwt Mw br 6re, ~rindatorat and ot6er bwrda, cuw)tip aad e~otin~eia
~ f~r soeL pe~iod~ a~d tor aot las tLae ~tieL am~~nw as w~ ba reqmred b~r tb~e 11lo~tp~oe and co W7 Prompdr w6ea dre dl premiooa
f~r ~nch insnneee. T6e aooanu o( inwraace reqrired b~ tbe 1lertp~ee slull be t6e mieimam amouou for wbieb ~aid inwrssee s6d1
be rrrittea aad it ~Il be isenmbmt opo~ tLe ~I~rt~r u s~i~Aaip sfe6 ~dditiwMl iwnr~oee a~ ma~ be ncawry to ~eet aod e~7
fall~ ~ri~6 all e~iwra~ee req~iremewts eNtaiNd 'u ~aia riieMs t~ t6e eod dwt t6e wid 11[ertp~or i~ oot a eaia~oror thereti
Ierarasoe ~lt be writtes b~ a tompany ~r e~mp~oia~ppn •ed K daisnated b~ tbe Mortpsee ~nd dlpo licies aad ra~ewds tbeteof
~il be LeW b~ tbe litortp~ee. Aq ddailed desip~tirt ,b7 t6e 11[ortp.sor rr6ie6 are~p~d b~ the Mortp~ee aad dl ~~rom~ean
y.~.~ ..i ti«~~ee rddia~ N iarreasee. Nr? esirtia6 vr I~ereafter made, ~U be in writia~ ~od r6dl be a Mrt o~ t}w
e~rt~~ys a~eame~t M[Wlp ~s tiw~h ~et (~eth •erb~tia benia ~ud ~11 so•ue both p~rein bera~ ~ad cheir a~eta~on aod artipw. ~
N~ lla~ 'po~ u~ ~~aidp liae~ of inwra~ee or ~a ~e~ rdmd or returo -pren~ium wrhieh ma~ be p~Tabk o~ ~e neoellstioa or
u o
tetmi~ation tberea~, ~L~ll be pvm to ~tber tlye t~e 1[eetp~ey e:eeq b~~pr~per endonemeet ~'oced t~ saeL polie~ ud ~ppr~ved 67
e
b/~rtp~ea F,aeL p~1ie~ ot ias~raaee a6d1 L~e a~ea tbera~ • St~ndard l~iew Ysrk Mert~a 6ce Clan~e ~.i~boat Co~tribtine~, makias
dl lw~ or lowea oder web p~lie>p~ >able te tLe 11[~rtp~es a~ ib iet~eait mar appear. Is t6e e~at ao sam or s~ d a~o~e~ beeo~ee
- pqabk t6eteaader tbe l~oripRee ~Ldl L~ve ehe ~pties to roeeive ~nd~pp
l~ tbe wme ee ~eeoaut o( ~ indebted~w berebr ~eeared.
~r t~ psrmit tLe Y~rtp~ t~ reeei~e aed ~re it, ~r aa~ p~et 1Lveof, ~n'tboat tbereby Mal1nA6 K lID~IfIO as7 ~~7+ K ~i~
mder ~nd b~ ~Irtae ~f thi~ mortp~e. Io eveet of lar er pi~sieal dawa6e to t6e mort~n~ed propert~ tbt ~~rt~sor ~11~re ia~a
diste a~tioe t~ere~f b~ mail to tbe M~rt;asce and tbe Mortp~ce m+y make proot of low if t6e wne u not o~de p~optl~ b~ ~be
~ ~ ~oox154 .33
:x~ ~ ~