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HomeMy WebLinkAbout2754 ! ~ 1 PROVIUED. AL~PAYS, tbat it t6e Mortaa6o~ shaU pay u~ta the MortRag~+e~ the ind~ht~dne~e «videnceJ by a oettain praniawr~ note ot ~rluch the follawina itt words ~tnd 6gurea it a ttuc copy to•wit: i /~a~0~ ~0~1 . j ~ 7~~~ Miami. Florida~.~~~j,~~,~ 7 19 ~ ! FOR VALUE RECEIVED I~ promise to pay i eo the order of ' ' ~ ~he principal sum o ~ DOLLARS. together with intetrst chereon Erom clate at the nte of ten percent. per annum until maturity. both principal and interest beingpa yable in . lawful money of the United Stata at ~03 Roper Building. Miami~ Florida. or at such other place as the holden hereof may designace in wricing. Principal and incerest payable in installma4ts u foUows: ~ trsaty-litro (:'25.t~U) Do:lor~ per sonhh~ D~ginning on the ril~e~nth ~ ~~e~y ot ~~ac~bsr~ 1•~66 +aad oon~inuiaa oa ttu 15~h dyr of ~aah ~onCh , th~r~alter un~il paid la tbll. This note may be prepaid in ~chole or in part a[ter one year trom the date hereot upon paymenc ot a penalty equivalent to two percent of the principal sum prepaid. Each installment payment sha11 be credited Eirst on the intertst due, and the remai~der on principal; and interest shap chereupon cease upon che pr;ndpal sa crcidited. The makers and endorsers of this note furth~r agree to waive deanand. notice of non-paymenc and protest, and in che event cuit shall be bmught for the collection hereof, or the same has to be collected upon decnand of an attorney. co pay reasonable atcorney's [ees for making such coUation. I DeEernd payments hertunder shall bear interat zt the nte of ten ptrcent. per annum from maturity until paid. ~ This note is secured by a mortgage of evcn date here~vith and is to be conswed and enforced according to the lav~n of che Stace of Florida; upon default in the payment of prinapal and/or interat when due. the whole sum of prindpal ~ and interat remaining unp~id shall. at the option of the holdas, become itnmediately due and pajrable. Iielen Scott Hamilton ~5~,~ ~sEnr..~ snd ehall perform. comply with aad abide by eac6 md evety the stipulationa, a~trKrnrnte, conditiow and covenanb of said promis~n note and of thi~ deed, thea this deed and the dtate thereby ctratrd ~6a11 cr.a~e sod he null and void. 1. The Mort~a6or hereby covenant~ and a~rrees: i (~1 To pq dl ~nd ~inRul~r ~he ptioeipd and interest and Nl~s som~ ~f m~nt7 pq~ble by virtn~ ot ~.id promiwory nute ~nJ thi~ dee~1, o~ eit6e~~ promptt~ on tl~c d~rs rMpectivelr the s+~me ~evetall~ beeoma dae. fb1 To permit~ ~emmit or ~uRer no waale aad to maiouia tbe impr~vea~aNS st a11 timu in a sute ~t Ra~d repair u~ eonditi~o; u~d lo do or permit to bt /I00! fO M~d pfrOl~~tJ 401~1106 IIM~ ~+iU dter ~r e~s6e Ibe we ~sd ~hwr~eter o~ ~id ptopertf ~r in ~n~ ~v~y imp~ir or r~rukcn the ~eenri~~ of ~his mortRa~te. And ia ca~e o( tbe ?etwd~ oe6leet or inabilit~ d ~bc lYl~rtp~t~r t~ rsp~ir ~nd maiMais said propert~~ the Mort~Rre or~~ rt 6u op~ion, m~ke ~reL repin er eao~e tbe ~ame a be s~.ek. awd ~dvanee mw~e~ is t6~t bebdf. le) To p~r dl and ~inRqi~r the uxes. auc~ments, levia, li~bilitid. aad obliptioe~ ~f ever~ eatore ~e Mid de~eribed Pr~pe~tr ae6 anJ evcrp whcn due ~nd p~1rd~M aceordinR to I~r. before iecoaie delipue~ snd to del~ver t~•the Mortp~tee ~w ~r bel~re Martb 15th oi eaeh ~ea~ t~: teetip~s eviden~inR the pannent of d~uU~ impo~ed tt:d (or t6t preeedinR plrnd~r pqr; t~ indemsify tbe MortRaRee upon hi~ dem~nd for ill tax~~. werm~nb aed e6at~ tlut m~y bt asse~.•ed upen ihia rooAp~pe on tbe iwdebtedneM recnted berebr. and paid br tbe mort~iRee, writhovt reprd to ~n~ l~rir be~elo(~re coacted on c~r~~(~~r te be eru~t~d isps~isR W7~~*~ of the whole or ~er p~rt thcrcnf upon ~he Mort~Ret. (d)~To p~~ dl ~nd ~iaRul~r t6e ~o~U. ehar`a ~nd espea~es. i~dudins l~w~' fen ~nd ab.enct eosb rca~emblr incnned ~rp~ id ~t ao~ timt b~ t6e MortR.tee be~auie of the f~ilure en tbe p~rt ~f Ibt M~rtp~~or 1~ per~orm. coe.ply .~?i~ .sd abide b~ eieh •nd every tbe ~tipulation~, ~~etmeets, eonditions ~nd coviceanb o( wid promi~wp sott ~od this deed. or ~ither~ ~wd nrery weh p~~meuut 6ur inttrqt from d~te at the rate of rrn per ceatum pet ~asmo. (e) It is fnrther coreeunt~d snd afre~d b~ uid psrtie~ Ib~t is tbe tvem of a snit bcisR ia~titut~d to forKlo.e t6i~ mort~s~ tbe a1~rt. paee rhall be eMided to ~ppl~ at ~n~ time peed~n~ ~aeb [~reelwre aut ee tbe eean lu•i¦6 juri.diaioa dkreoi for t6e ~pp~inloeat of a reui~er of alt aod sinRnlar t6e mortproed prepertr, wa ~f a11 reats. i~c~se~, pre6U„ i~ae~ and rr~enue~ ~bereei. Irora rWlwerer ~ource derived; ~nd tbereupnn it is hereb~ e:pressy e..ea..ted awd •~eed t~ ~be Gon .h.ll to.dwi~h .ppo;n~ ,och reee;.e. .,;d, t6e wwl po~+en and dutiH e( r.K~vern in like e~; ~sd wid app~iatment ~11 ae made bp th' eoart a~ nune~ of ~triet riR6t to 1he Mo?tp6tq and ~+i~bnu~ rrJrrrn~e to th~ sdeqwcy ~r in~deqwer of t6e v~Ine et t6e propr?t~ hete67r moet~aRed, ar to the wlvency or iewl~~ne~ of ihe M~etqRer~ or •n~ other part~ detend~et p satb suit. Thr Msrtp~or MnF~~ ~v~ifirill~ waivM tl~e ri~tf~t to ebjett !o f1~t appointment of • rrttiecr ~s afort~nid and berel?~ a~prwl~ eementR dat ~n~b aopointmrnt ahall br nude u~n ~dmiued equiq ~ad w• nuder of ~hwlpte ~iRttt te t6c Merip~ee wd t6~t tbe wne m~y be done withow natiK t~ 1!r MsttpRer. (fl If toreelosure proc~edinRs ~F~ould be imti~uted ~pirt tLe~npe rtv coveted b~ t6ia mortpee upoe ~nf o~her liew or el~iw~ ~rbetl~er ~ dle~ed to he cuperior ar jnoior to ~he lien of tT~u m~et~s~e, tbe MorlRaate ma~ at hiR option immrdi~nlr upen in~~itu~ien ~f sutb ~~uit ar durinR the peedener tlwreol deel~re d~is eo~rtp~e ~d IL~e indtbledsess ~een~ed I~enbr dne ~ed p~~~ble f~ethwith ~ad w~y ~t ia opcioa pre~cr.d ~o to.~cl•~e ~hi. n~ortt~Re. (s) Tiyt ~be MonpR•r wril! keep ol rnl ~nd pe?s~od prope~ ww or ber~d~~r tacumbrr.d b~ tAr le~n of thi~ msnp~te imured ~ y ma~ be rtquired lrom tim~ to ti~ne br U.e MeK6aRee .6ai.w I..s by 6re. ~rindslono ~nd o~b~r ha:ar~1~, ~~?usluM ~nd tantinReeeid ? for ~ue6 periods aad ior nw Inr t6an sueh ~moueu as be eeq~ired 6r ~be MoKna.x .R+~ ~o wr r•..~•pdy whrn due ~11 pnmium~ tor ~ueh inwrsn~e. The amouMi of inwnMe ttqaired 1f~ t6e ]IoRp~et shd~ br 11M minimu.n .m~~•~~• f..r rhirh aa~d in~ur~n~~ ah~ll be ~rntten asd it ~6d1 be inenmbent npon t6e M~etppr t~ Mi~uin sreb ~dditiaul in~arsnr~ a~ m~~ i~. nr.-eaun te meM •nd coe~pIr fullf rrith d1 coiawnn~e reqni~emcnr~ ~osuioed is wd Mlieie~ t~ t1~e ted tbN t!x ~sid i~lortsss~r i• no~ • ~o-in.urnr thrr~under. lnnrantt dulr be ~?rillen b~ • eompany er e~ q~p~e.ed .r de.i~wed br ~IK M~nR.~~• 0~•1 al) M.lieih ~nd ren~w~la tl~ereo( ~U be ~eld b~ tLe MonRaRee. All dcuiled daipNtisw 6~ ~Le 111•np~or whieh ~n ~ece~ ad b~ th. Mo.tp~.e ~nd ~p ~~~qq betneea l/erlp~ ~od Y~rtpttee rebtinR t~ i~wr~wee, s~Mr e~istin~ or hercdter nude, ~11 IK io ~•rn~oa snd ~6a11 Iw • p~n of thi~ inortp~e ~~reemene a follr r tbeu~h ~et (KtL rerb~tia 6ereis aad ~11 6o~ern bolb p~rties h•.•~+e ~nd tf~.ir a~erwrs ~nd ~ui~. No litn tip~w nq d uidp~ licir~ o~ inrnrt~ee ~r ~n a~~ relund or retnru premium wrhi~h m~• b~ p~•abl~ o~ ~be e~nrellntioe or terminatioa t6ereot. dull be 6i~en to mber t6m tbe Mortp~ee. Keept br~ Pr•per ~ndnrR~m~m ~::~:.d to .u~h ~~~~~r and •pPro~ed by Mort~~ee. E~c6 p~li~ of iwynnre slull !wu ~ised tbe~de ~ Shnd~rd 1V~~+ York MortpR~. 1~l~uv ..itAnat Cnetribalien, n~~kinR ~11 loai or leNea oader ~ueb ~lit>p~ >~ble t~ the MKtp~es ~ ib iatlreN m~r ~ppear. ~n Ihr ~~•nt ~er ~nm or ~unu o/ money b?romc par~ble tbertunder the Morip~Ree shal) b~~e tbe ~pti~s t~ recei~e ~od ~1~ ~he wm~ nn ~~.~~~n~ of tti^ ind~ht.dn~u hrrebr ~ecursd~ or penait IAe MK1pR~r t~ reoei~e ~nd we iy K ss~ Ntt t`re~. writwnl tbendr wai~inR er imp~~ryAR .~Ay eqoit~. lienr or riRh1 under wd b~ ~rinoe ~f thi~ mortpRe. Ia ereat ~f Iwr ~r pLrird d~eu~~pe to tl~t morlpRed proprrl~ /bt MonpROt ~hall R~r~ imm~. di~te n~ties 16ere~f b~ ouil t~ tbe M~rtpRee ~nd t?e M~np~q~e ~r ~n~ke proof ot len if tb~ wme i~ aat m~dr pr~mptlr b~ ~ . , + ~ BooK 157 PAGE 353 ~ ~ ~ _ _ - ~ ~ „ - ~ + ~ ~ . ~