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HomeMy WebLinkAbout0847 j'1 , i~~ , ~ « . PI+~OV1DEia, ALNAYS, that it tLe Mortaasoe ~iuli pay nnto the Mortsasee ihe indebtcdne~ ~~~iyN~~~ ~p a ~~ia prnroiewe7 aots of ~rhich the iollowit~ in ~rord~ and figuros iu a true oopy tawit: ~ f IKa~qo~ NO~i ~ ! s i~xj~..~ Miami. Flotida ~1 ~ 19 ~ ~ ~ ~ FOR VA~~$ RECE~VE12 , promise to pay ~i io the order o[ ~1t011 v• a SOII taII A II@ 80Y1 S M • t ~he pri~cipal sum of LLARS. toge~he~ with interesc ~hereon Irom date at the rate oE ten percent. pcr a~num until maturity. both principal and interest being payabte in law[ul money of the United States at ~03 Roper Building. Miami. Florida. or at such othet place as the holden hereo[ may ~ ctesignate in writing. Principal and interat payablt in installments as toliows: ~ ' M~? tS30.00j ~s3~3asr rae aos~i? l~rr t~~ 1~ls+v~-li.~ ~.~..w~i.. ; ~aetis os 1M 1 SsL ~p a! ~arh ati ~nr+nq ~riiN 1~l~~ ~`M ~ 1S1r ~ o! Oo~o~e~ 1~G6. qa ~tl~wia~ ~i~l IM 1~'ll~ M~ ot 8~~r1~~ 1~~ rl~i~ ~~M 1r1~tM ri~all ~?or iM ~asi i ~ ~1L~. i ' 'I'his note mry I~e pre~~~icl in «•hule ur in (,art after une year Irom the ilate hercv~! u~x,n ~,aymcnt ul a~,enalty ! ryuivalent to two ~~erceut ut the princi~rrl suu~ pre~~:~id. ~ ~ Each instaUment payment shall be credited fint on the interat due, and the remainder on princip~l; and incerest j shall thereupon cease upon ehe principal so credited. 1 The maken and endotsen oE this note further agrte to waive demand. notice of non-paymenc and protcse, and ~ in ene event cuit si~aii be bronght for the caitt~tia~s kcrcaf. or !ht aattt= has t~ ~e mllected upon demand of an attorney, ~ co pay reasonable attorney's fees for making such collection. ~ DeEerred payments hereunder shall btu intenst at the nte ot ten percenc. per annum Irom macurity until paid. This note is secured by a mortgage of even date herewith and is to be construed and enEorced according to the laws ; ~ f che Sca[e of Florida; upon deEault in the payment oE prindpal and/or interest when due, the whole sum of principal n:l interest remaining unpaid shall. at the option of th~ holders, btcome immediately due and payable. ~ Harold Newton _ ~SEni.) Cdronias Newton ~5~~ ~ ~ . 1 and shall pedorm, comply with aad abide by acb aad every t6e stipulationti aareemente, eondition~a and oovensnta of eaid pmmissory note and oi thia deed, tben this deed and t6e estate thereby eres~t.d shall cea~e and be anll and void. i. The Mortga6or her~eby ooveaants and a6reea: iaj To p~r all ~nd ~in6alu Lbe Wiaei~a! aad ':assstst saa =•t..:_•• •»~a s1 ~os~el M7~1. 1.. .:e~ne et ~id pr~miwrp nute md t6i~ ~ deed, •r either. P~ovW~r d~r ~u~d7 t}e ~ree ~e~renll~ bee~ma dae. ? Ib) ?o permit~ e~mmit or w~er n~ rr~ste aed t~ maiatau 16e iopnvcmeats ~t all tima i~ • stste ~t ~o~d rep~ir ewditi~n; and 3 to do or permit to be done t~ Nid premue~ noti~is~ t6rt wil) altei ~r e6~s~e tLe re isd ~r~eter at nid pr~pe~j ~r in an~ ~ray , imp~ir or ~reakea t6e ~eearit~ ~t tbir mort~~e. Aad 'u eve ot d~e re( t ~aid propert~. the MortP~ee w7. ~t 6a is~Lilit~ ttie 1[~rtppr t~ r~ir a~d nwiwi~ ~qioe. ea~ke ~~i rep~in e~ awe tbe ~ise,t~ be o~ ~ a~a~ee o~ner ia t~t be~li. (e) Te par ail and ~in~alar t6e tucs, ~enu, levia. li~ilit+e~. aad obliptioa~ ~t~ve~ ~nre N wii ~aeribei an~i e~eq wr~ta 3ue ~nd pa~abk ~ccorwn~ ie Lw,'~fs.~ L .~.~..-~asc di!'s~al. sa~ te ~elire~ ts~ ix ~ea+ P~~~r ae6 lSth ot aeh ~ear u: reeeipt~ erideaeio~ tbe p~~eat ~f aU ~n1I = im -L'~2="~ ea ~.t4re Y.re6 ~ 7 P~d h:p !or t6e P~eediai a~ 7'ear: t~ iademail~ tLe Mona.aee upon lw dcmand tor •11 ~ue., wa.menu aad eL~p th~t owr be assasea npon tLis s~rtp,e ~a t6e i~debteies~ secnrsd f Lerebp, and p.;d b~ ~1,e mens.Rce, rrilhom rop~d ~o ~a~ lnr beeet~f~re eaaeted or be~ed'ter t~ be es~eted i~PM~L P~7~~ ef t6e vrhole or aer p~rt tbereof upoe the ~lortp~te. . . (d) To pq all aad ~iaanLr t6e es~ts. elvr~a a~d espwe~. i~d~la~rnn• Ites ud ~tnet e~w rew~bl~ iaeorred ~rpu a u ~7 ~e b~ the ldortpsee beeawc ot the (~ilwe ~s tbe part ~f ~be ~rtp~or t~ paiorm, t~a~pl~ vritL ~od abide br eae6 ~sd e~rery ~ tbe stiputations~ ~~eemeau, eonditions aad cerewat~ e/ wid ~erwiawr~ nott aad tbia dced, ~r ei~ber, ~sd e~er~r wcL p~~mest rL~11 ~ bea~ iaterat tnm d~te ~t tbe nte ot tea per ee~tam per aw~ue. l~) It u fart6e~ eo~eaanted and ~`reed b~ ~udp~rt~a t~t i~ tLe eveat ~f a sait bei~ ia~tituted a f~reel«e t6ia mortp~e, ~Le lt~rt- ~rt 6.see a6alt be eot:dcd te appty ,t tuse pesdin~ sK6 t.nd.wrre ait e. tbe c.~rt la.;ss juri~dietieo e~erert ter t4 ~pp~ie~eeat ' ~t a reoei~er oI dl md sin~ot~r tbe m~~tp~cd Pr~put7s u~ ~E ~Il eeat~. i~c~oe~. Pn6v. i~we~ awd e~soa ~beee~t, trem w~evu ; rourca derived; md therenpon it i~ be~eb~ e:prasl~ e~~ed wt ~peed t4M ttie '(.~srt ~6d1 tKt6wit6 ~ppoi~t s~h e~eeti~ wjth t6e wael po*rera and datia of raeiven is like e~; u~ Mid ~yai~~aewt ~il be s~ae b~ t6e ewrt r~ aattu ~i ~aict ri6Lt to u tm ; tbe Mortp6ee, ~nd ~rit6o~t retercoee to the ~deqnac~ ~r is~deqwey of t6r v~loe o( t4e properq l~ueby mon~a~ K to tbe ~olvene7 or iw.t~ener ef ehe Morc`.aors w~n~ st6er p~rt~ de~ead~u ~ aneb snit. 1be ll~~rtpaor ~ersby ~pui&dlp w~iva tLe ri~t to pu objeet to tbe appeintmeot ef • reeei~er as do~id wd be~eb~ a~prwl~ c~ments ~hat ne6 ~ppointmcw s6a11 be made a~ o. ~dmitted eqoit7 ~sd a~ • satur of abwlate ri66t t~ t6e IK~rtp~ee rd tyt tbe rae~e aa~ be dooe ait6om ~otiee t~ ~6e M~rtp~er. " Ul If foreeios~re p~eccedin~s s6oWd be iwtiwted ~pirt tie ~npe f!)' tOYt[Ed b~ 1~1/ OlKl~fi ~t rP4A Yy Ol~llJ I!!~ YJ tI~W M~l , aUeyed to be s~perior or jeaior te tLt liee o( t1w m~tp~e. tbe Mort6a6ee ma~ ~t hu •ption immcdi~tel~ npoa ieqitution ~t sutL ~ snit or dnrins the peodcaer tbereot dec4~e this o~rtp~e ua t~e iadeMed~as ~ee~ued iierebr due wd p~rbk ~~sthvitb a~d w~ ~t ~ ita ~ptioo pr~ceed to /orcdNe t1w monpsa • (a) 77~t tLe b[ortppr Mill kee~ dl re~l aod pen~ed pr~perq~ a~Mr ~r beredter taeumbe~ed b~ tl~e lieo of thi~ m~ct~fe im~red as u~.r be ~eyui~ed lram cime eo wne b> >be M.e~p~ee apie.~ l..s b~ 6re, ~rindator~ ~nd otbe~ huards~ nwattiti aod contiwse~eia tor ~oeh periods aad for nol !er tLas sne6 amsusn a~ aq tie ~ired by tbe Martp~,ne ~od to P~7 P~o~7 ~+bsa dre ~II prcmiums Ier ~ueh iwurance. T6e ~a~nnu o~ iurersaee reqoitea b~ 1`e 1[ortp~ee slwll be tbe miaim~n amounu for whieh wid inwnoce ~twll be vrrinea wd it ~hdl 6e inevmbeM apo~ t4 1[eetp`K t~ s~iat~in we6 tdditiea~! iworaote ~ mar be ne~,asir~ to a?tet and coa~plr (ull~ w~itli all eaiawraoee reqairaeenu eo~tai~ed i~ ~aid Miieies t~ the eed tbtt tbe ~aid Mortp~or i~ not • eaiasuror thereunder. Imuraace ~6~1t be wrritte~ br • eompaaj ~r e~mp~sie~ •ed K daipwted b~ t6e Me~t~~ee .nd .li~p~lieies ~nd rerrewds therco( s6.U be 6dd b~ ~be Mortpsee. Al! dwiled iaipw~~tl~e 6[~r~ppr •i~ie6 ~n~e~qt ed b ~he M•N betMreen 1[~rtp~ ~sd lt ~ th p~ee ~ed dl a~reen~eou ~etP~ee rel~ia~ i~ iaatr~ce, sNr ~tins K hereaftu m~de~ ~U be in ~rritio6 ~sd ~6aU be ~ p~rt of tLiu m~rtp~e a~eeme~e r fdly r~w~6 ~et fKt6 ~er6~tiw be~eiu ared ~Il prtre 6wL puties berd~ and tbeir weea~on asd a~siRw. No liea ~yon ~ d~aidp~ lieia ot iesur~ee K~s af refaed or reiurn premium ahleh ou~ be p~~abk e~ tLe uneeUa~ioa er tu~niwtios tbere~f. s6~ll be aivea t~ otber t6~ tis ~ertp~ee. eacept b~~p ~per endonement ~Sed t~ stte6 Polit~ ~wd ~pproved br Mortp~ Eac6 p~3ie~ o/ ins~nnee ~bdl ba:e aixed tberd~ ~ Staadud 1Ven Yo?k Mon~a ~ee Cl~we v?itbaot Co~tribntien, oukiaR dl leM or Iwe~ ~der swL p~lie~ p~~able t~ tbe MKtp~ee a~ iu isternt m~r appesr. I4 t6e erent ~nr sum or w~w o( ~a p~~abk t6erennder tbe ll[ortPl~ dul~ 6~~e t~e ~ptiw t~ reocire and ~be ~arne ~n serount d tbe indebtedsas bereb r~eenred, or to penait t6e Y~etp~ q recei~e ~nd u~e iy ~r ay p~ct t~eof. «ri at tberob w~i~in ~r im nnde~ ~nd b~ rirtoe ~t dw morip~e. ia eveat ~f 1~ K piysird daru~ to the ~ort ~ ~~a tieo~ o~ riR6t di~te notiee' tbered bj aail t~ ~be 1~~rtp~ee ~ad tre 1t~n 6~ R~~ PfO~nl ti~e ~ort~sor ~hal) ~er~ i~us~- p~e w~~r rn~ke proo( of Is~a if ~be w~se i• wt m~de pr~mptl~ b~ tbe t . ` 8oaK15~ ~ - ~ ~247 ~ ~ ry a ~'~-~a"~~ ~ :s~ ~ ~F ~ a' " 9bR 3 L~: +~'r: