HomeMy WebLinkAbout2011 PROVIDFD~ ALNAYS~ tlut it the Mose~a~or ~haU pay unto the Mort6a6ee the ia~iebtednas evideACed by a ~
eest+ua pe~ani~wq aote o[ ~rhic6 the iollowin~ in werds and 56urea u a true oopy tawit: ~
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i Ma?~l~y~s No~i ~
st~.a?1'~_ '
Miami. Ftorid ~g ~
FOR VAI.UE RECEIVED promisetopay
~u ~he order oL L.eL& ~.O~C~.'s ~uu~ PaUl e S4I~l~rB B w e j
! the principal sum of ~ •..•DOLLARS. together with inte~a : ~
~hercon from dace at the nte oi ten percent. per annum untii maturity. both principal and interat being payable i
i )awtul monry o! tlu United States at ~03 Roper Building. Miami, Florid~, or at such ocher place u the holders hereo[ ma
~ ciesignace in writing. Principal and interest payable in iostalltsl,~pts as follows:
~ ~~r-n~+. ~=3s.oo~ ~.ua~. ~ .~.~r t~ t~ryr.~~. ~y!)
~1iti ~eaiir w ~ 1~? rll? ~t ~asr ~i ~n?~rs ~osti~.
~d~s N 1y 1~Aq at to~rwl~e• 1lii?, +p~i ~~it~i~
rfil 1M IsY~ iy ~ 0~loN~e. 1lTl. ~i M~~ ~tr ~M 1a~rM
~iall 1~~ ~y aM ~s1~1~. : ~
'1'his note may I~e pre~?aicl in ~~•hole or in ~,art :?fter one year Irom the ~tate i~crc~~f u~x,n ~~ay~ucnt ~,1 a ~,en:~lty
eyuiv,~lent tu two ~ierc•eot of the princi~~l sun~ pre~k~id.
( Each installmene payment ahall be credited first on the interat due, and the remainder on principal; and intertst '
shall thereupon cease upon the prinapat so credited.
~ The ir.ak~ a~s:~ ~zrt~.;~,~ ~f chis nate further agtte ta waive demancl. notice oI rtots-~ayrttestt arta ~roi^st, ar~r! !
in che event cuie shall be brought tor the collection hertof, or the sxme hu to be collected upon demand oE an attorney, ;
to pay reasonable attorney's fees for making such ~collection. - ;
' Defened payn?enu hereunder shall b~:ar interest at the rate of ten percenc. per annum irom macuricy uncil paid. ;
This note is secured by a mortgage of even date herewith and is to be construed and enforced according to the laws
f ehe State oE Florida; npon default in th~ pay~aent of prinapzl and/or intertst when due. the whole sum of principal
ancl inceresc remaining unpaid shall. ac the option of che holders. become immediacely due and payabl~.
F~nma ~rnS (SEAL)
~s~"~ I
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snd shall perform, comply with aad abide by eaeh md evay tbe stipnlatioa, a6reemeat~, oonditions and eoveaants of
said promiasory note and of this deed, then t6is deed and the estate thereby cr~eated shall ecaae and be nnll aad void.
l. The Mortgaaor 6ereby ooveasnL and a~+ees: . !
(a) To p~r dl ~wd Y~I~YI~ fI1E pfl~l~ ~a ylttt~ md N1rer arna m~ae7 pqaWe 6r ~irtue ot a~id ~rNaiwory oote ao.l thiu ~
~a, e~ ~~c~. pro~~ .4 e~ a.r. .~~.d~ ~..me .e.~t~ ~e.~. a.~.
Ib) To permiy e~mmit er wEe~r a~ .~ruse ud to maiarai~ ~ie i~+vemeau ~t dl tioa i~ .~tate ~~i p~d cepait ~1 c~oditiw; ~nd
to do or permit to be done t~ wd poemiw Nthi~ tL~t ~rill dte~ K e~e tbe re aad cb~ractcr ~f wd
impair or r+e~km the ~ritr ~t tLi~ a~np~e. A~ ia we of d~e ret PnPeetl' K ia ~s~ ~r~Y
~aid proPert7. tLe Mortf~~ee sw7. ~t ~a ~ptiow, e~ke weti e~ap~iri ~r a~aie
t~e~iaee~ t be~n~ade. awd~~sirawe~e
~~aNe~i
i~ ttist 6eWIL~
le) To p~r all aad un=ular t6e tua, wera.uu. lerla. lidNlkia. ~od ~blipti~ e~re~ Mt~ iaeribed pr~pe~tr aci
~ad ererp wben dae ~nd parable aeeerdin~ ts 1arr. ~et~re tLef iee~ae ueat, ~sd te ~dclivu t~ tbe Mortq~ee ~~r beiere tiiarcb
1Sth ot aeh ~ur tu reecy?u evi~eoein~ tbe pqrwent ~f ~11 1nr~Wi~ i~~ taus fK t6e preeedin~ eakod~r 7ar: t~ iadem~ii~ t6e
Martpsee upee !w deauad fo~ all ta:e~. wewnenes aad e~u~s tbat nur be ~sse~scd npsn tbir ~tp~c ~e the isdebtedwa~ ~eeured
6erebr. aad p~id b7 tLe mort~sRee, ~rilhout reprd to w~ l~~? beeetei~rc eaaeted or bere~fter N be ea~cted i~p~siu pqmeet ei tbe
whole ~r ao~ p~rt t6cra( ~poa the Mortp{ce.
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(d) To p~~ al! ~od sin~nlar tbe eNu, eLar~a ~,od espare~„ i~dudin~ f~w~en' fca u~ ~b~tnet e~w reaNw~bl~ i~rred ~rpn d u
as~ teme b~ tbe i[o,rtp~ee bee.u.e ot the (~ilwe es t6e yut d t6e MKtppr t~ pniorm, c~nP17 witr ~sd abide by aeb ud eveq
tbe ~tipulatioe~, ~`reeme~b. conditions ~nd esvenanu ot wid ~iww~ aote ~ad this deed, K eitber, ud eaeqr wei proest sdit
bear intuqt tran due st t6e nte of tea per «otem pet awn~.
le) It i~ fureb~r ee~enastsd ~ad aareed b~ sudp~ a t6~t i~ tbe evest ~t • swt bei~ irtituted t~ f~rodae t6is moetq~e, ~6e ~brt-
paee .6a11 be cotided te appl~ at .q d..e peadin~ we6 t.e~ed...re ait t6e e..rt la.i.~ j.ri~ieti.w eiereot f.r t~e •pp.ia~.e~t
~ rceeiver ot ~lt ~ad sia~tlu t6e martp~ad Pnpe~tf. ~oi ~f all reay, i~e~e~„ M~Su. i~n ua re.aawa t~ere~t, fns wVwe~u
~onrce deri~red: ~nd t6~reupon it i~ he~ebl e:pra~17 N~ Yd ~t~~lta IL~I iLQ ~iNf! ~II ~Nt~M~ {Ot` t'eCClKi Mtt~
tLe ~wl powen ~ad duties o( reeeiven ia like ea~n; uJ ~~istmewt ~6~ll ba ~ie b~ tbe eoort N a~atter ~i ~tred ri~Lt to '
tbe Mortpsee, ~nd ~vitbont reference te the ~deqwe~ ~r in~deq~er ~t tbe vdoe ef tbe propat7r beteby mortp~ed. er t~ tbe wlveacy
or ioNl~ene~ of fLe Msrtpson ~r an~ etbe~ p~rt~ aeleadut N soeh wi~ Tbe ll~rtpsor beteb~ ~peeiGally Mraives tLe ri~6t te +
objeet te the appeintmeot ~f a rrcti~~er as doraaid and Lereb7 eiprasl7 e~nsenb tbat ne6 ~pp~ietmest ~bdl be made ~ aw admined '
eqnit~ ~sd as •~tter ~f ~bolote sis6t to t6e Mortp~se rd tyt t6e s~a~e uy~ be done ~ritbwt Ntiee t~ tLe M~rtpiK. ~
(t) U foredo~nre pr~eeediw~s sh~uld be inpituted ~pie~t tie~r~pe~r covered br ~Li. m~p~e .p.s ~ o~6er Ges or eW~a wbe~6er '
alle~ed te be superior ot janier to tLe liee o( tlw m~rtp~e. tbe Nertpste ~wr at bis oqion iamedi~tely npon iwtituti~n ~f wrh
~nit ~r dnrinj the yeadeee~ tLereof da4re tlw sKtp~e a~ fie indebted~eN ~eeved 6ereb~ doe ~sd p~~rsbk f~ttlnrit6 a~d wq n
its ~ptioa proeeed to forcdNe 1}w m~etp~. ~
T1wt tbe 1[artppr ~vill keep aU rnl u~ persw! ~r~t~ ow or ber~at~er enc~mbered br ~bc licn of ~Ais m•n~a~e iawred
~ nur be reqwred ~rom time to ti~se bp ~6e M~Rjl~D! I~M b1 6K. Mtpd/lOf~O ~nd wbe~ hwrds~ eswaltia aod ewtio~eeeia
fer sae6 periods awd (x a~ las tMn sac6 ue~usq a~ M~ Le ~epi~ed t6t Mortp~ee ud to Wr Proa~ptl7 wbea dre al) preaaium~ ~
re
f~r ~nci~ insunece. ?be aoaawu of in~aisoee req~irea b~ t6~ ~b~tp~ee 1 be tbe miaimnm aaounn f~r abich wid iswnnee shall ~
be wrinen .ed it ~Ldl be i~enmbeae .po~ ~Ls Y«sppr u~i.ai~ s~e6 ~dditiw~l iostic~oet ~s mq be necewq to meet ~ad eomp Iy {
(dl~ ~+ith aU eaiawra~ee req~iremeau cowi~ed it ~ Mlie~ t~ il~e esd t6~t tbe aid 1Nert~pr i~ s~t ~ eain~aror tl~ercw~der.
Iu~aranee s6df be writtee b~ • coopasy ~r e~uia~~pp~
wa ~r dai~s~tea b~ t6e 11~l~utp~ee and all~polieies ~nd ra~ewab lbercot
u ~n
~hall be Leld by tbe Moetp~ee. All deailod ieaip~tiw bj de 11~•rtppr «6ieb ~ecepted b~ the M~rtp~ee awd a!I ape~ueeu
~M!!A M~f[~Or ~da YM~~ee Jl~s I~ ~frCl~ NM E~IID` ~f ~!tlJIK IW~ ~II b! M Mf1110~ ~~U bt a Put of tlw
e~eutpse ~~reemat r~dl~ ~s t~Eh ~et t~nh ~e~ti~ herae aad ~ll qver~ bw6 paetiea berete ~nd t6eir aeeerwn ~od asipw.
Ne liee opos ~.p ~1 widp~ lieia ~f io~vYOe ~r ~w ah ret~ w returs prrminw ..bieh na~ be y~~~bk N t4 eaneellr~io~ ~r
termioatioa tbere~f. ~6d! be pvw t~ ~t`er tbu tie Yeetp~ee. ~ b~~ pr~per endorsanee~ ~ixcd ts a~eb polit~ od • oved b
° PV~ 1
Mortp~ee. E~eL p~lie~ ~t iw~rmet ~li 6au aisea tLera~ • d Ne~r Yoric Msrtp ~ee C4wr ~+itl~et Co~tribwios, n~a~in~t
dl IeN ~r I~er ~aa a~ rlicfp~
7~sble t~ tLe Yertp/es M ib ieterat aopar. Is tbe erent ~nt wm er wws e~ mosep bKOme
e
W~~ble t6e~euader tbe MortpRee ~MII b~~e tba ~tiN t~ ~eire ~ If ~6e wne aMOna~ ef the indebted~a~ i~ersbr ~reured
or 1~ pern~it 16e Y~rtppr t~ reoejre ~w! ~re iy ~r aw~r p~r1 trereof. ~i ot tbereb~ aai~in~ ~r uop~iria u~ cqoitp. licw~ or ri`ht
nnde~ ~od b~ ~rirt~e ~f dw oertp~e. 4 ene~t ~f lw ~r pL7~ira1 danN~e ts the a~atRa~ed Propert7 t6e ~~tt~ta~or ~hal) pve i~aesr-
di~te n~tiee tLae~f b~ ~ui! a tLe M~rtp~ee aad ~ie lt~rtp~e wr make proef ef Iw it tbe wn~e i~ ~t auide P?~nW17 b7 ~be
~ ~ ao~~~s.~E 20~
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