HomeMy WebLinkAbout2641 PROVIDED. AL~VAYS, t6at iE ths Mort~aae ~aD pa~ uato the Mortp~ee t6e indebtcdne~s evideaad by :
eertaia prumiMO~~ nots o[ whid~ tlre to~lowies i~t ~ u~d b~t+e~ i~ a tn~e cop~ tawit:
' ~ Ma~. ~Yot. . ~
s-~~~~~ Miami. Florida Ql~1~ ~ 19
~
; FOR VALUE RECEIVED ~
to the order ot D8~II~91 P~.tOhtaII~ ~ e~ ptomise to pay
the principal sum o OLLARS. together with interest ~
chereon irom clace ac che nte of ten percent. per annum until maturity. both principal and incerest beingpa yable in
lawful money of the United Scaca ae 203 Roper Buitding, Miuai. Florida. or at such ocher place as the holden hereoE may '
designate in writing. Principal and inttrest payable in iasWlmeats u follows: ~
t~'~s•oo) srnal~r•,ri.r D~u.~ .'.si 1.~saatt~ au tl~. ls#!~
~~t D~~1~ae l~i~i• ~at Na ~ i~ ts1L t~ ~t ~s~1?
~~'l ~ ru~il itt ltill.
~
This note may be preµ~i~! in ~rhole or i~ pairt atter one year (rom the date hereot upon payment of a~penalty
equivalent to two percent ot the principal sum prepaid.
Each instaliment payment shalt bt crtdited fint on the interat due. and the ternair~der on principal: and inteiat
shall thercupon cease upon the principal so crediced,
The makcn and endorxrs oE chis note further agree to waive demand. no[ice oE non-payment and protat. and
in the event cuit sha11 be brought for the collection hereof. or the same hu to be collated upon demand oE an attorney.
to pay reasonable attorney's fees for tnaking such collection.
~ Deterred paymertts htreunder shall bear interat at the nte of ten percent. per annum from maturity until paid.
This note is secured by a mortgage of evtn date herewith and is to be consuved and enforced according to the laws
of the S[at~ oE Florida; upon detault in the payment of prinapal and/or incerat when due, the whol~ sum oE prindpal
and inctrat remaining unpaid shall. at the option of the holders, become immediately due and payable.
Little Billie Douglas ~S~~ ~
Judy C. Douglas
~sEni.~
s~d ahall perform, complr with aad abide by e.acL add every t6e ~tipnLtio~ aBreeaneate, oonaitioos md oo~rwanb of
eaid promiesory note and d this deed~, t6ea tlri~ deea ~ad d~e ~tate thereby creet~ed alsall oea~e and be anll aad void.
l. The Mortgaaor Lcreby oovmant~ and a~ree~: ~
) To p,, dl .na ,inNLr tLe p~ri~dpd ~a iaterat ..a .t~r w.. .r a~:.e, ~.,.ti4 r, r~eme .r N;a pnmi...q ..te .aa t6u
deed, or eitLcr. P~P~~7 K~~7~ ~b~7 tbs ~~oe ~e~enll~ bee~a~e~ i~e.
lb) To permit~ eommit or N~tt M M~M! ~YII t~ O~IOf~~ 1`E ~!'~MldEdt aI vI t/m~ v•/f11E ~~Y~ (t~ft~ a~ CNdlt1N~ ~Oa .
to do or permit to he doae ta iaid premiia drt ~rill ake~ ~r e~u~e d~e we a~ e~r~ette ~t pia pr+pat~ ~t is a~~ r?~r
imp~ir or vireakm the ~eearit ~f tbi~ ~et ~ ;
eeari ~ ii~rts i~ e~fe ~t d~s nfwl, ae~bet ~t ia~iilit~ ~f t6e ~[~etpp~ t~ rep~ir a~d s~i~tai~
uid proPert7. tbc b[ortp~ee a7. u his eptiw~. ~kt wei r~pin K pre tie aqe u k m~ie, awa aiva~ee a~sels u tL~t b~li. '
(c) To p~y all and .ia~nlar 1be tasea, a~aa~au. le+ria. Babilitia. ~ad ~b6pti~ns ~fe~~ rtrre ~s aid iatribeipnp~t~ aeL
.pa ~.~ry WLtO dtlE ~AII ~J~Wt ~ClK~4` !O VM~ bet~re ~~eees~e ddis~ueM. ui t~ deliwr u tbe 1[ortp~ae w or bdere li~re6
lSt6 ot eaeh ~ear wc reeeipta erideacins t6e p~nent ~f dl u11~ i~pwea t+ses ter tbe preeedio~ piead~r ~ear: t~ iedem~il~ ihe
Mortaa6ee upon bis dewand fer aU ta~ca, rarmenls ~d ti~rp t~t w~ be aae~ opsw tbis ~etp~e ~a tbe iadebtednea~ ~ecored
hereby, aod p~id b~ tLe mortp~te~ ~vithout «prd t~ an~ I~r Lp~t~f~e eweted ~r iereaker N be es~eted irpMiis M~tat oj tbe
aho2e or anr part thcreof upon thc Mortp~te.
fdl To pa~ dl and ~iaaular t4c ewu, ~~od upea~a. i~d~lnrlen' feer'~ai ab~trstt e~NS rewa~bl~ iac~rred ~rpu d st
ao~ time b~ tbe Mort6asee bee~nae of tbe ~ilan ~s t6e p~rt ~f t6e _ atpN~ t~ pa~lorm, a~pl~ witL ad ~bide b~ e~eL aod e~ery
the stipulatiou~. ~~eemeats, tonditioru aed e~vts~wn d pid pe+siwory n~te ud t6is dted. ~r eitLer. aed ere~r weL pr.~oe~t ~Ldl
bear iaterat (r~m due at the nte of teu per eestom per uema.
(e) It is further eo~eoantcd ~ad ~Ereed b~ wid p~rties tL~t is t~a evtnt ~f ~ sait beiw` iMtitottd t~ lereelese tb» mortp~e, tbe ~E~rt
6~6ee s6alt be wtided to appl~ at an~ time pmdin~ s~eb l~red~wee ~it t~ tbe ewet Vti~L loe~e e~erer[ for tre p~
iateeat
ot s r«ei~rer of ~ll and sin~alar tlre mortPi~ P~P~+t7. aad ~E all reau. i~e~ses. Pnfw. i~wa ~d eevmna tieee~t, irav~wYtNe~rcr
wuree deri~ed; and t6ereupon it i• Lcrebr e:pce~17 e~d ud ~p~eed tiu t~e (`,wrt id! /~rtbwid ~pp~i~t we1~ cetdKr wid~
tbe nsna! po.ren and ducia ot reeei~en is like eMa; ri Mii ~pp~i~wa~t rril be m~de b~ t6e corrt ~ a~u~c ~f Nriet ri~t to
the Ddortsasey ~ad ~rit~wot rc~ercace te tlfE adeqoit~ K~o~Gqo~er o~ ibe v~1oe O~ tLE pr~pl~i~ Ltteb~ morCp~ed, K t~ tLe Nheae~
or ia~olv'ncr ot the Mortpson or an~ etber part~ aeteadnt » we6 wif. T6e 11l~RPaor 6eteb7 ~xi~al~7 ~rai~a t4 ri~t t~
~ objeu to t6e appointmeet ~ rceeiver as a(orwid a~d ~aebf e~preMl7 een~t~ t6~t we6 ~pp~intmest s6a11 6e m~de ~ w~dmitted
cquiq and as a matter oi absoiute ri6bt te tbe M~rtp~se u~ tMt tbe ~e ma~ be done wnlboot iotice t~ tbe M~rtp~.
(f) It fereclosan p~oceedin6s should be io~titnud'~piart t~s pnpertr eorera~ b~ Ihi~ m~rtEa~e ~n a~ o~ L'ea or cWr~ w6ethu
aUe6ed to be supuior or junior to the lien ai this m~etp tbe 1[artp~ee iw~ ~t hu ptioa iaunediqd~ apon iaaitwion ~t wcL
snit or duria6 the pendener thereof deelare titis isortp~e ~~be indeMedness ~ecared 6ereb~ dae asd
ib optioa prorted to foredo~e this mortpae. f~~~~ ~
(a) T6~t tbe Mort6.`or ~ill keep ol reai ~sd pen.ad pr~p~aq~ nen or beredter e~eombered b~ the lien of t6is m~np~e :nsured
u w~ be rcquired from timc to tiuu b~ t6e lieetp~ee ~pirt i~ b~ ire, wiadrt~rs ~nd otber 6~ardt, u~aaltia and towie~
(er snch period~ and !or nol Icas tban i~eL as~~mts as ~ M ee~rired tbe Yertp~ee aed to pn? WomPV7 Mbea d~e all prmimw
e
tor sneh insurseca T6e amounu ot iosnranee req~irea b~ tLe 1[~tp~ee be tbe misim~w ~mounq f~r ~+bie6 aid i~oe~nee sh~il
be written and it a6~tl be inewnbeat npo~ tbe M~rtp~ t~ mriM~ia ne~ additiead insaaou a~ m>> be n~r~ t~ oeet ~ed tomp~y
full~ with all eo-imoraooe ~eq4iraneats eoet~iaed ja ~dd ~iei~s t~ tLe ead tbat tbe pia l[~ctppr u aet • eaiewror t6ere~nder
I~unnnee alul~- be written b~ • eompaa~ or oomp~eiea ~~r p~i r~a[~rtp~ee~ poUci~ aad ~e~s]s tbenof
alull be 6dd br ~ Mona.aee. AA da.ikd deripuie.~ r~e ~[•re w6ier M~ry~~ee ~sd dl ageemeau
betneen Mort 6or ~od 1~ortp t~ pu •
p ~e iwuraeoe. rw ~iatine or here~ft~ a~~e. 6e iu r?rit' aad ~6a11 be a put of tbir
moctsa6e ~~eaneot r fnUr ~s thoo~L ~ct ~rtb Krb~tia~ baeiw aod s~ll p~u~ ~ol? p~rtie~ berd~ ~1d~ wtotNOn ~nd usipa.
IVo lien upon ~e~ ~t aaid lieier of im~us~ce or'pw u~ ref~od er return pre~imos w6ie6 a~ be p~7able o~ ~e eanall~lioe or
Y1
termioation t6ereot, ~6~U pvea t~ Nber t6~o tbe ll[eetp~es, b~_ pnper end~c~t ai~ted ts meb polie~ aed ~pprored b7
Mortaaaee. Each polie~ ot iwannee ~Il L~e ~ed thent~ ~ ~ rtp ~ '
dl low or lowe~ mder ~neh l~ p rd llea York M~ ~oe C1awe ..itbo~t Coetribapoq m~kieR
P~ '~7 ~7~~ble to tLe Idortpses ae W iataat a~~ ype~r. IA t6e eMent an ~m or wm~ ot mooer bxomc
Wrabte thercnnder tbe MortpRee ~6a11 l~~e tbe opteen t~ recehe ~od ~pply t6e ame a~ ~eeom~t ~t ~ indebtedsw bereb~ ~eeared,
or to permit the Mertp6~r to reeei~e ~nd we if, er an~ p~et i6ereof, ait~oat tbaeb~ ~rai~ie~ K impairin6 ~o~ cqait~, lien~ or risbt
under ~od br virtae vf t6i~ mortp~e. Ia e~reat ~t tow ~t ~riaal duu~~e to tLe oKtRs~ed prvpart~ tbe llortaaaor s6all pre imm~
diate notiee tbereof b~ m.il eo ~he M•rtp6ee ~nd t~s Y~etP~ee ~ maltt prwf et loK if tbe wpe is eot m~de ~Maqy b~ tbe
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