HomeMy WebLinkAbout0038 PROVIUF.I). Al.~PAYS, tb~t if the Mort~aaor shail pay w?to thr. MartRaRe+r the iod~htwloeM ~vidcnced br ~
certaia }~romi~sor~ ao~e at which the fpllowia6 in wo~ds and 66uoea is s true copy to•..it:
_ i
A~o~~o9. No~. '
: Miami. Florida- a~~:' u~ ~9 K ;
FOR VAI.UE RECEIVED
j tu the order o[ ~1tiUB1 @1,•II~11 ~ 3,~ g~ promisetopay ~
~he principal sum o[ dj;~j~ ~
~herrnn [rom date at che rate oE ;cn percent. pe~ annum until maturity. w-~~ RS.'to~trt~c~ with interest
IaNful money ot chc United Scaces ac '~0~ Roper $uilding. Miami. Florida. or~att uch ocher~pi~ e u the ho den her
f,m y', j
clesig~ate in writing. Pr~ncipai ~nd incerat payable in iruullmmts as [ollows:
~rra? 570. '
~ i~~l~th ~~~Dto~ ~`r i0i~~. t~: S9 ~NOtii~ a~~ I
~1 ~M i+?rs7, aoa~~h ~a ~bs lsii~ ~
ay ~t D~oab~s 19i6 aft o~a oa~il tLo ls t ot
xo~?~wb~e 19T1. a1 ~ t,la~ 1~ ~Z 1Ners~~ ~d '
P~1~~~!. i
'I'his note m:~y I~e ~nr~,aid in ~vl~ule ur in ~wrt after onc yc:~~ Irun~ thr d:ue lirrc~,l u~H,n ~,ayn~cat ~~I ~,r~~:~l~y
rye,iv;~lent to tw•o perc~rrit ul tf~e prinrip:~l auu~ pre~,aid.
Each installment payment shiU be credited iirst on [he iaterat due. and the rtmainder un ~,rincipah, and interest
~ shail thereupon cras~ upon the principal so credited. }
~
The makers and endorsers of this note further agrte to waive dema~d, notice oE non-pa~•ment and protcst, and ~
;n the event cuit shall be brought [or the collectien hertof. or the same hu to be coltected upon demand of an attorne}, t
eo pay reasonable attornty's fees Ior making such cotlection. ~
De[ernd payments hereunder shall be~r intertst ~t the nte of ten percent. pcr annum from maturity until ~,aid. ~ '
` This note is secured by a mortgage of even date herewith and is to be construed and rntorce~i according to tne !ar?•s ~
~ oE ct:.; Scate o[ Florida; upon deEault in :he payment oE principal and/or interest when due. the whole sum o[ principal
:~ncl interest remaining unpaid shall. at the option of the holders, become iminediately due and payable.
~ Rubin Cromes
_ (SFAL)
I (SEAL) ~
. i
and ehall pr.rform, compiy with and abide by each and every lhe itipul~tione~ a~rrrmrnt~, copdiliow and covcnanb ol s
aaid promi~nn notr and of thi~ dewd, then this deed and the eetate ihereby creatrd ~hall ~ra~e •nd be null and void.
I. The ?Nertga~or 6erebv covenant~ and aarees;
/~1 To p~r all and ueRular the priaeipd ind ie~er~~t and ~thar sum~ w.per ~r.b~~ br aiAue af ~aid prsmi~ory eo~e ~ad ~6i~
deed, or eitl~er. promptl~ on the da~n respectivel) the wne ~mll~ becomn dne.
Ibl To pcnnit, eommit o~ ~uHer no ..•ae .od ~o ma;na;o t~e improvemewa rt d! timp in • state of ~oed repair ~sd cw~di~i~o; ~nd
to do or pern~it to he ~ionc to ~.id preeni~es notliin~ tbat ri11 dter er tbruRe tbe ort uid ~hwr~cter of ~aid ptepert~ ot in ~n~ way
impeir or r+eaken the ~c~nrity ef thia s~onpge. And ia we ot t6e refu~al~ etskct K in~`ili~~ 4j t6r M~rt~rs~tor t~ repair and maisu~a
said properi~, th~ HnrtR~~K n~~, ~t 6iu option, make ~oc6 rep~in o~ eawe tbe sfuu ~s be ms~it. ~od wln~nre mone~s ~n t6~t be6df.
(e) To p~r al) and ~ia~l~r the u:ra, as~ymenta, leries. Ii~bilitiea. ~nd obliptioas o! ererp oatore ee wid dr~eribed Pr~pc~tr peh
~nJ everr rhen due .Rd p.r•bl~ u~o?dinR to IaMr, bdore betowe ddisqneay ~ed to .deliver te the Mort~atre oe or be(ore Mare6
15th of ach year ui rereipta eviden~iaR ~ae p~yment d d~wrfuU~ uope~ed tues for tlre preetdin~ dl~edar ~ar t~ indemaif~ tl~e
Nort~ta~ee upon his d~mand fo~ ~11 tati~ti ~rnents ted tL~t~es t~ut m~y ~~ssetatd upon tbia merfp~pe on ~he indebtedaew ~ecured
6etebr~ and p~id A~ ~h~ mnrtp[K, arilhout rcfsrd to ~u~ l~~r I~eretefert enacted or he~~s(t~r to l~e ~ru~t~d imposiaR p~~at o/ the
whole or anJ part th~rer.f upon thr Mori~~tee,
ld) 1'o p~~ ~Il ~nd ~intul~r t6e ~o~u, ~h~rRn aod upee~a, i~dudias 4a~en' tea wd ~b.tnct cosu reawnablr incorred er p~id ~t
an7 time b~ tl~e NortRaee~ bec~uK of the f~ilure oe t6e put af 1be Nortp~tor ~e prrforn~, compy •ed sb+de b~ each ~ed ererr
the ~tipnlat+oe~. aRreemcnu, ~nnJition~c ~nd tn~lusMt Of Mld proOiMO~ oot~ ~nd thia derd, or either. ~nd ~very w~b pa~meat ~1!
bear interttt trom d~IC ~t the nt~ of t~n per centum per ~aeno. _
(e) It i~ funher cerznaot~d and .ne~d b~ widp~ ttid t6~t is tLe eveM ef • snit btioR ierti~w~d ~o ferKlwt cbi~ mortp~e. tbc ~11srt.
1~sRee ~hal) be emitled to applr +t an~ lirne pe~din~ atb t~rttl~wre s~it b tbe ceart 6avisR juri~dietion et~ereo( tor tLe spp~iotmeet
, o( • recei~cr of dl and einRular the mortEa~ped Propertr, wa ~I dl reots. int~ pro61~, irues ~ed rerenut~ tbere~(. from ~6~we~er
~ou~ct derived; and Ih~reui?nn it ia herebr e:ptrpl~ e~ra~seted and a6rred I~t tbt C~rH ~lul) ~erth~+i~h ~p~wiot ~oth reetiter rith
du mu~l powen •nd dutic~ of n«~vern in like ca~a; ~nd yid ~pp~intmeai ~11 be made b• t!K eoart a~ m~tter of ~trid riR6t to
the Mo~t~Rec, and v+ithout rcfcrca~r ~o the sdeqwe~ io.deqwcr ot ~he ~du~e of ~Le aroa~~r 6ereby ~.~art~tated, er a the wlven~y
er ituolreatr o/ the l~lnntssets n~ ¦n~ otb~r p~rtr defrnd~et N ~aeh suit. TF.t Mortpior hr?eb •
7 pr~ifirallr ~rairrs tbe tifht to
objeet to the ~ppointm~nt o( • rerei~~r rs s(ortasid u~d 6erby acPreNly esnaeatE that ~neh ~ppoiMaket ~hail br made a~ ~n ~dmitted
equit~ ~nd a~ a nutter of ~brolute ~itht to t6e Mortp~ee as~ t6~t tbe wnt tn~y be done Mjt]~OUI pO~IK IO dw MeApROr.
(1) Ii fore~lwure procredin~s ~heuld be imtitnted ~pirt tLe pr~penv torored by tLi~ mortpae opon ~nr other li~u or cl~im wbNl~tr
allcRed to 1~e auperior or j~~nior ~o the li~n o( tbiu m~etpet, tbe b~outp~tee m~~ ~t hia optinn imm~d'ut~Iy npon in~titotion ef wch
tuit or du?ioR the pendencr th~r~of dtcl~te thea monp~~e aed tbe ;adeMednas .eeor~d beKby d~K and p~~ble f~rth~vilh aed ena~ ~t
it~ oplioo ptot~ed [o (or~rlo~t I,fiis morlpRt_
; 1 17ut tbc MortRaRor «i11 keep ill rral ~nd penaed pro~ert~ noa o~ her~dler eacumlKr~a h= thr li~n ot thi• mortpRc inauted
u ms~ be required fr~m time t~ Ii~ne br t6e MsrtRt~ee ~~ainN ka b~ Srt. M~Adii6ll~I •nd otiKr tu:~rda, ~r~u~l~~ni •nd tantinReneie~
(or sueh periods aad ~or no1 I~~s th~n sue6 am~uaa ~ oar be ee~aired br tbe Mortpue ind ~o pa7 o?~~R~pvr wlue ~ue a1) pr~mium~
for ~uth insurance. Tlfe ~mnuntE of ineetr~aee rtquired b~ tbe llottRa~ee fhall br the minimrm ~mo~~~t• f..r ..hi~h ~a~d imuraM~ ~hall
be wrrittea aad i1 a~ll be incafibent upoo tbe Mort~pr to wiouia weh sddiliosal in~nnM~ a¦ m~~ h~ n~.•e~an te mM and complf
(oll~ r~rith all toiawr~nre reqn~r~m~nt~ ~oo~aieed in asid pdities to 1ht end that ~be ~a~d ;lartps~r i. ee~ a ~o-in.uror ~he~r~un~r.
Imuronce alult be ~ritten b~ • ~ompaay or eom~wina~pro *e~ or desi~ted b) the !.Inrt~~~tr and al! p~•li~~e~ ~nd tentw~lE therto(
~6a1) be Leld b~ the Mortp~qr. All deuiled deaip~ai~as b~ tM 1Hort~`or ~hieh •re ~n~p~~d h~ ~h. Nortraare ~nd dl aprKr~eau
ben.een ~onRs~or .nd Mon~E~e retatinR t~ inanwte~ s~w~ ezittin~ er heretfter m~dt, tball IK in ~ni~nt and ~haii hr • p~n of tlys
mortpse apee~aent ~s (ullr u tbou~h ~et (~rth ~e~tisi hetein wd ~tul) Ro~ern both p~rtits IMrMO wnd tl~.ir ~or~dson ~nd ataipa-
No lieo n~on ~n~ of widpo litirs ot imnr~ace K opan qf rduad or retun~ prers~ium .rhirh m~r br p~~sbl~ o~ tbe ~~ru~tllatioe~ er
terminetiep thereo(~ s6a1) be Riren to otber ~iLO tbe MoR~p~eee. ~cep1 br~ proper ~ndnrr~m~n~ ~:o¦~d tn au~h p..li~~ ind ~pprored br
Mon6.~ee. Ea~h psli~~ ot imyrsnre alull ba;e ai~ta: tbereto ~ Sland~ad P~.. Y~rk Mo~tut•• I I.u.. ..i~6en1 Coetri6n~iea. m~kin~
aii t~ or Iw~e~ onde~ ~veh pslic~ p~~~bte te t6e Mertp~ee ~r iu iaterert rr~ar apprar. Jn ~hr r.•m ~n~ n~m or ~nm~ d msac~r brtoin~
W7sble tLereander Ihe MortRaRee ~h~ll h~~e tbe optioa te receive ~nd applr the ~amc en s~rnnm o( ~h. ind~M.dnn~ lKreby ~et~r~d,
or to permit tl~e M~rtpR~.- to recei~e snd we it, ~r ur p~tt tlwte~t. witboot ~hcrebr w~i~ine er imp~~rini aar ~Qnitr. lirn~ or ~i~tlu
under ~ad b~ ~irtae ~f t6ia mortpRe. Ia erent o( ls~ ~r pLriral duu~Re to the nannRed prop~rt~ thr ~:ortptor shall pr~ im~n~.
di~te nQtict tlterew( b~ auil te the R~rtsaRce and ~e Men~~e ~y rpake proo~ of lo.+ if ~!K rame i~ aM m.~k prempfly br tbe
. . BOOK 158 PacE
~b'~ ~ ~ k ` . _
` S A ~ . ~ .
"Y-,~ ' ' ~ ' ? ~ y~ _
t~-.~i~??2'y"-'°~ ~^?!2 ss+,~ 'e4~ :ty ^
_ ~ ~'i~ _
~ ~ _
- _ " . $ d ~6 -
. _ . ~ . tv+T.Iy . a-....