HomeMy WebLinkAbout0153 PROVIUE0. ~~~YS~, t6at it t6e Mortaa~ ~hall par unto the MoirtRaRe~e the iodebte.doees Pvidcne~J by a ,
certaia promi~sor~ note of ~rhic6 the followia6 ia rro~da and figuta i~: irue copy to-wit:
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1~~5•~ Miaaat. Flori~~ Cotolws 8* 19 ~ ~
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Qromise to paY+
~ FOR VALUE RECEIVED y~~ ~ ~ ~
~o che order of 1 Y'~8?6~ ' 4
che principal sum of !~a _ OLLARS, together with interest~~/ ~
~hereon trom ciate at che nte of ten percent.pe r annum until n~aturity. both principal and interat beingpa yable in ;
~ I~wful monery of the United States at 203 Roper Building. Miuai, Florida. or at such othet place u the holden hereoE may ~
~ designate in writing. Principal and interest payabk in iastallmwta u follows:
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- TUirl~-fl~ (i~S•00~ nu2L~s~ ~s ~oatn b~lti?~ ~s t1M ~
j 1SZL d~ vt D~w~r, 146d, a~ oo~~ oo t~ ~yt~ {
d~yr ot ~oi a~o~ msr a~vwth ti~ari~r ustll is ftill. ;
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~ This note may be pre~~id in ~vhole or in part after one year Irom the date hereo! upon payment ot a penalty ;
~ equivalent to two perce~t ut che princij~al sum prepaid. ~
1 Each installment payment shall be ctedited fitst on the interat due, and the remainder on principal; and interest ~
shatl [hereupon cease upon the prinsapal so credited.
~ The makers and endorsers of this note further agrte to rvaive demand. notice oE non-payment and protest, and
~;n che event cuit shall be brought for the collection hereof. or the samt has to be collated upon demand of an attorney.
! to pay reasonable attorney's tees for making such rnllection.
' DeEerred payments hereundtr shall bear interat it the nte oE ten percenc. pec annum from maturity until paid. -
~ This note is secured by a mortRag~e of even date here~vith and is to be consuued and enforced according to che laws
~ of che State of Florida; upon default in the payment of prinapal and/or interat when due. the whole sum of prinapa!
and interest ranaining unpaid shall, at the option of the holders. beoome immediately due and payable.
Harve~ I,ee ~lilliams ~sEAL) :
Pearl Williams ~5~~
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end ehall perform, comply with and :bide by eacL aad eveiry tbe stipulation~, a~trermrnts. cooditiow and covwant~ of
~.aid promiwu~rv note and of this dr.~ed. then thi~ deed aad the dtate thereby ere~at.~! ~hall ceawe snd be nult and roid.
1. The MortR~6or hereby covenanu and a6t+ee~:
~.1 To P.~ dl sna sinsul~r 1be pri~eipai aad iaterat ~nd NLer ~naN m•ner p.rabh b~ ~ irtue ~aid promiwory autt soJ thu
deed, ot eithe~. Promptl~ oe ~6e dsps re~pecti~d~ tLe w~e ~e+enll~ becanes dee.
~ Ib) To petmi~ eommit or ~~er ao wute asd to m~iauia t6e impr~vemer.t~ ~t aU timn ie • at~te et p~d rep~ir ud e~nditim; and
I to do or permit to be done to wid premi~a nothin6 th~t wrill dter K c6an`e tbc we aad ~lur~c~ct of a~id pr~pcrt~ er in •n~ rray -
I imp~ir or MC~lA lllt ~tlYf~l~ ~ IIl~S WOiI~~l. AI~ ia eue o( tL! ret~wl. oealtet ~r in~bilit~ ~t t6e M~Apy~~t b rep~~r ~nd oNieuio
wid propert7. tbe Mort6aRee aa7. at biu ~ption. m~ke s~cL repin ~r awe ~be ~Qe be a~ade. s~d ~r+see moner ia t6at bebdf-
I Ic) To par aU ~ad •inRalar the u:ea. a~sewe~cau, levia, li~bilitia. awd obliptioea d eseq oatrre ~a wd aaeribed pr~perty eac6
and evep ~+hen due and p~ysl,fe aeeordinR to law~ betore bttOAlt ~IOqYtOI~ [O ~lI~YK f0 III! MOILµ~b! 00 K~Of! bt~rc6
15th ot each ~ear u: re~eipu evidenciaR t6e p~~ent o/ d~wfuU7 impo~ed tues fot the Preoediai ulesd~r par- te indemoifr tbe
MortRaRe~ upsn hi~ de+nand for all u:es, we~urnenu ~sd eLu~as t6at ouy be ~sse~~ed upon 1!w mertplpe on tbt isdcMcdaeM ~eeurtd
6erebr, .nd p.~d br dK morlpR'e. ai~hoat rc~tard to ap~ l~r+ be~ete(ore enacttd or F~et~efter 1~ be ~o~t~~rd impeaisR p~nnent ot Ihe
Mhole ~r so. p~rt thereof upon the Mortp~let.
N u uoe
Idl To p~~ ~ll and ~ioRul~~ t6e co~u. elur~n aed e:penw. i~dudie6 1~~+lren' fea ~ud aMtnct cwu teuoe~blr ineurred ~r id u
~a~ time b~ tbe Mort~~ee becausr ot the failure ee tbe part e( ~be aden~nse~ a perfonn. eoo,pl~ w:~ ~ abide b~ aeh eveq
tbe ~tipulatioo~. •I[rtetaenu, condi~ions and covewnu d wid promiNOr~ oott ~a~ tbia deed. oc titber. ~sd tvery web p~pment tiyll
bear intcrat from d~te at tl~e n~e oi ten per cestum per aweos-
te) lt i~ (nrther eo~en~oted and ~Rreed b~ Midq rtia t6~t is t1~e eveot oi a ~ait bei~ idtituted t~ Iereelwt ~~nortp~e. ~be ~a~t-
~a~ce ~ball 6e eatitled ~o ~ppl~ at aor tieae peadin~ s~e6 t~redwrt wit t~ the coort dvin~ juri~dietieo e6ereo~ tor tLe spp~ismest
~f a reeeiver ot dl and sioRular the mortp~ pr~perir, aoa a11 ecnu. i~esse~. iro6u. wua ~wd nn"°e~ ~beteai. f~om ~eve~
wuree derived; ~nd lhereupon it i~ hereb~ e~pra~l~ a~eamled ud ~~eed tL~t tbe C~trt ~6d1 ~~ith ~ppoiot ~oe6 retei~er witb
t6e wwl poren and datiea nf rc~riven ie like crea: ~aa aid ~pWi~tmeut ~1~ be m+de b7 ~6e ~o°~t M~ uwtter ot ~uict riRLt io
tbe MortRaRee. snd ~+ithont refcrcnce to the adeqwcr er inadeqo~ef of tbe valne of the Propertl ht~~b~ worlpRed, s~ ~o Ihe wlvency
or insel~•.ner of ihe N~nRaRonc or ~n~ othe~ p~rt7 de(eod~at t~ sre6 snit. The MertRsROr bereb~ specifinlly v~iva t6e riRht to
~bject to the appaiatment ef • reeci~er u doresaid aed hereb7 aP~~7 c~~a~ ~°~b ~OPointment shall be made u sn ~dmittcd
eqait~ wd a~ • vatter of abwlnte riRht t~ tbe Mertp~et n~d 11r1t the samt toaT bt done ~+itlw~t welirt te the !1lortpRw.
(f 1 U(oreelosur'e proceedin6s s6ould be i~atituted a/airt tLe pr~peettr coveted b~ 16i~ mon~ts~oe opon ~er ot6er lies or ela~w ~rhe~t~
dlesed te !~e f~perior or jnnior to the lieo o( t6i~ m«'tp~e. tbe Mohp6ee ms~ ~t 6is optioe imroedi~telr npon i~r~itntion ~w6
~uit or durios the pendcoer tLered declue titis sortp/e asd t~e indtbledne~s ~ecnred 6ertb~ dnt ~nd qpabk f~rtb~rith ~ed m~~ ~t
iu optiea pro~eed to for~rlpe t}w a~ortp~tt_
That tLe Kortppr ~+il) keep ol real ~nd pcncea~l propertf aw+ er beredter ewcumbrrFd b~ ~hr lien of thi~ m~rtpRe in~ured
:F, y mar be required (rom timt to t~u~e br t6t M~tpaee ~pisM I~a 67 6re, M~OdNOnq aod ot1Kr h~s~nis, ~aaWli~M ~~~d caeN~nRtotiea
~ for ~uch periob ~nd !or not less t6an sue6 a~n~vnu M w7 be et9rited br tbe Mortp~tee ~nd ~o p~7 Prompd~ v6en dne dl p~~miums
~ for ~u~h insunnca The amounts of insanaee rtqrirea b7 tbt 1~~rti~6ee tl~ll bt t!K mieimam amaun~• !er ~?hieh wid inwr~nrf siyll
be ~rritten aad it s6ai1 be ietambcnt apoe t6e M~t~~ t~ sai~hio s~b ~dditioed iwvaace u msf lK necewrf te mcrt ~nd ~oo~p1Y
fo11T rith all caiwnnnce reqaireoxats ~osui~ed is Mid ~lieia~ b d~e ead tlut tl~e w~d Me~tpRor i• ne~ a co-i~wror tlKr~nnd~r.
~ Imur~nce sbsl~' be arium br • eompanj er e~mp~eies appr~~ed K de~iiwted by tbe M~rt~taRcr ~nd all pnli~ieR ~nd renexds thereof
~ ~6a11 be 6cld b~ tbe Monpi~ee. Ail deuilcd duipini~ b~ t~ Mortp~or .+hicb are acc~'d br ~1+r MonRc~ec ~nd dl ~~CMJIK011
bet~.em Mort~or ~od 1/ortp~ee rdatinR t~ ~ NM li~t/A~ K I1lftt~lt! 01~dt. ~ 1 be in .+n~ini aed ~hati be ~ p~n o( ihia
mortµ~e ~peaneot a fdl~ ~s tb.u~h ~et f~nh re~tia heKia aod ~Mll 6o•ero both p~rties lK~~ ~nd Ibeir wecawrs and usi~.
No liee apon ~eT ~f uid lieia d itiurwee K~s a7 ~ad ~~M P~~ium e+6i~h m~~ be p~~able N tbe uneell.tion or
tennianion tbereof. ~11 ~ IP~ep ~o ~~~O~p'-'~ ~_~ep1 b~~ Prper ~ndorsemem d6:ed te w~6 ool'ee~ ud ~pproved b~ -
;YlortRs~ea Eacb p~lic~ o~ iawnate ~hall 6ase aised them~ • S1and~rd rl~.. Ye~le Monp~ (:I~u.r ~+i~hoal Costri~ution, m~kin~
~ dl IoN or Iw~e~ ondtr ~ncb p~iie~ p~rble t~ ths MKtpees ~s iu istere~t m~y ~Ppe~r. Ie tEu t~m r~r ~um or sm~u o( ~noney br~om~
pa)abk therenn~er tbe MonpRee dull 6~•e t6e ~pti~w t~ reoeire ~od ~1~ tl~e wme ee ~~rount o( thr imiebtedne~s iNenby ~ecnr~d,
or to pennit the M~rt~tsR~? u«eei~e aad ms i1. ~r u~ pWt t~eie~f. ~ritwm ~»ereb~ w~irinR ~r iinp~irina ul eWiqi. lienr or ri~tht
~ te~der ~nd b~ ~irtae d thi~ a+o~tpR~. Is erest ~f i~ ~r phpirsl d~au~e to tl~e rn~rllnlted Pr~pe*t7 tlie AlortpRor ah~ll Rirt im~-
di~te notiee tbere~f b~ mait t~ tbe M~rtpsee u~d ti~e 1I~1AID~~ a7 ~~e Pr~ ~ lea it t6e wne is wot msde PremWl~. by ~e
~ - ~ooK15~ PACE ~53
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