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HomeMy WebLinkAbout0503 3 t ~ PROVIUEO. ALIPAYS, tb~t i~ t6e Morc~.~x ~Lait pay UDIQ ~I1C M011~i~l1! fllE tA~r~itC(Ifi!'N rvidene+cJ by s ~ cert+?ia prwaiMOr~ nota ot which tha [ollowin6 ia wrocd~ +~nd 6gures is a t~ue eopy tawit: ~ /~d?~~~ ~O~ ~ S-3+~QQ,4Q Miami, Florida ~~1~ 19 ' ~ t ! FOR VALU~R~ CEIVED M~.~ io che o~cier oE I liP B6I'~1311 B@1'tA~~ promisetopi7 : ihe principal sum of ~ l~1D 1I11t sil ••~•DOLLARS, together with interat ; ~hereon irom date at che rate of ten percen~per annum uneit matutity, both grincipal and interest beingpa yable in ~ lawful moaey of ehe United Suta ac 203 Roper Buildiag. Miami. Florida. or at such otha place u~he hoiders hereoi may I daignace in writing. Principal and interat piyabk id iaitaliments as follows: ~ !!is'~? ~~3~•00~ ~oiL~s~ ~ ~1~i 1o~i~ oa~ th~ ~st~? , d~T o! ~w1~~ 1~ii~ ~M a~ttia~it~ aa ~ ljth dy~ ! ot a~L +~d ~nr~r ~ti? ii~ac~s!'~ ~siil paid in t1~11. i i This note may tx prepaid in ~~hale or in part aEter one ~ear [rom tl~e date hereot upon ~~yment of a penalty i equivelent to two percent o[ the principal sum prepaid. i Each inscallmenc payme~t shall be tredited first on the intenst due~ and the remainder on princ;pal; and incerest ~ shall thereu~on crase upon the prindpal so uedited. ~ + The makers and endorstrs of this note funher ~,gree to rvaive danand. notice oE non-paYattat and protest. and ~ i in che event cuit shall be brought for the collection hereof, or the sam~ hzs to be collecced upon demand of an attornep. F co pay rrisonable attorney's fees for making such collection. ; ' Deferred paymtnts lureundet shall bear interat it the nte ut ten percent. per anr~um from maturitr until paid. ~ This note is secured by a mortgage of even date herrwith znd is to be construed and entorced according to"the lawt ' oE che State of Florida; upon detault in the paymtnt oE prinapal and/or intaYSt when due. the whole wm oE prindpal and inceresc remainii~g unpaid shall. ac che option oE the holden, beoome immediatdy due and payable. B11ddy T,. Se~risiIIg ~g~,~ Virginia J. Sansing (SEAI-) ~ ~ . end shall pe~(o~m. comply with and abide by ach aad every the ~tipulatioos. aRreemrnts, cooditions and «?veaaaL ot aai~l promiwu~ry note and of this de~ed. thea this deed md the dtate tl~ereby cMat.~ ~hall cra~e and be nnll aad woid. 1. The Mort~a~or 6enby covenant~ and a6rees: * To par ell and ~ingular tLt pri~eipd ~nd io~crat ~wd Nber ~wa~ ~f m~aef p~sbie 6y ~~iAae of ~aid promiasory aute aad t6u w dced, or eithcr. promptlr ~n tbe dtn re~peetirdr Ibe ~aoie ~tvtrall~ bstoaw dee. Ib1 To pcrmi~ ~ommit er stiEer no waae ud to mairuaia 16e ~mpnve~oaw a~ dl tima ia • u~te et pod reprir ~ c~aditi~a; ~ad m te do or permit to be done to ~id premi~e~ nothin dwt ~ri11 aker ~r e6~ase t6e we asd ~harscter of wid imp~ir or ~+ulcm t~e seenri~~ et thir monEaRe_ An~ is eue d t6e re( Prpe~t7 ~r in so~ way wid propertr, ~he iNortp~t'e ~uy. ~t Li~ tion. ouke ~reti °W' O°~~ or ie~bilit~ ~f 1be 1N~rtp~or t~ rep~ir u~d o~~iNaia ~p ' reqin s~ are t6e ~au~e t~ 6e .wde. and ~dra~ee mower in clut be6ali. 1c! To par dl wd ~inRnl~r tlu t~ses. awewnenb. Ie~iq. li~bilitie~. ~ad obGpti~is of ereq ~qrre N ~id de~cribed prperty ese6 anJ e~err wrben due and p~yable aceordin~t to•la~+. bdore tbey betome deliwqreoy ~ad to,delivt~ t~ tbe Mortp~ee os er btfore March 15th of each ~ear u: reeeipu evideaeinR tbe pqment ot dl ~~~rtull~ impped u,:es for tbe preoedin~ ulesd~r yw: t~ indemsif~ t6~ NortRaRee upon hi~ d~mand for alt tasea. wewncnb ~nd eLtrM tb~t mar be as,e..•ed „po„ d,» ~en~p~e U,e indeMeda~sa ,eeured 6crebr. ~nd p~id by the msrtpRre. writhoat reRard te ~n~ la~r 6eretefKe caacted or Lue~(ter t~ 6e csscted impMinR p~~aeyt o( ~be .+hule or ~n. p~n th~rcof upon the MortpRee. ld! To pq dl aad ~in~tular tbe cwts~ eL~r6d wd rspe~e~. isdudins lawr~en' feta aud abtract eau reawnobl~ iacdrred ~rp~ id ~t an~ tia~e b~ the Mort~Ree bee~we ot the f~ilore oe tLe part tbe Mottp~or t~ perforny caa~pl~ wit~ aed sbiae b~ ach ~nd tvery the ~tipulatioo~. ~Rrcemeats~ conditions and covenaau ot wid posiwoq n~te ~nd tlus dced, or eitber. ~ad en~ wc6 pqment t6d) be~r ioterat fram date at the nre of ten per centum per a~sum. Ie) It i• forther co~enaatcd ~nd ~Rret~i b~ wd parties t~t is the evcwt ~f • snit-bei~R ia~titu~ed to ~oreel«e t6ia monp~t, 1be MKt- ~gee .hall be e.N;ded to rpp~~ •t .or time peedw~ ~~e6 t~reeJ.wrc wit t~ tbe cwre 6.vis~ j~ri~diesiea ebereot tor tLe sppeia~meot o? ~ recei~er ot dl and aiaRolar tbe a~ortp~ed Ptopeny. aw1 ~f dl reou. inezsa~ Pro6b. iNUw ~wd rerea~a ~6ereel. (bw vV1NC~er ~ource derived; and thcreupon it i• lurebr t=P~lNI7 N~lld ~pd ~`Ktd fLM lLt C~1ri ~II I~(tbM~ll1 ~~OIM ~Otll ~ttt~rt~ M~~1 Ibe wod pawen sod dmin ef rcreeven in like crn; ad aaid tppeieta~eal ~11 be a.tde b~ tbe eoort a~ ~ onner oi ~trict ri66t to the Mort~aRee, ~nd writ~out re(~rcace to the ~deqnac~ ~r iwde~uey ot tbe vdne e~ ~be p.o~.ri l~Kebr p~onR.Red, o~ to t6e wlvcncr or in~olvencr of the Nnrt~Ron or •nr etber p~rt~ defead~et N~w~6 suit. Tbe MwtRaKOt benb~ speeificall~ waira tbe ri~bt to object to tbe sppoinunen~ of s reeci~er ~s atonsaid and be~eb~ apreMlf e~nsents tbat ~ae6 ~ppointoeet ~{I be made a~ an ~dmitted equitr ~nd a~ • nutter of ~Molnte ri~thi to tbe MeRp~et Md IL~t tbe ~ae?e may be done .vidaw ~ire c~ ~M MortpRw. (f 1 if forcrlosure proceedin~os ~hould be imtituted ~pia~t tie~r •pertv covered b~ t6i~ mort~~pe opoe~ ~ar otAer lies or clsi~a ~.bdber alle`ed io be snperior or jnnior to the lien o( t6u o~~etp~e. tbe M~rlp6ee m~y ~t ha option immedi~tel~ opoa irwi~utiow aneh ~uit or dntin6 the pendeeer the~eo( deelate tlti~ ~artp~e asa ~Le iodeMedsas .ern,cd bcreb~ dne .ad p.~.hle foK6..i~h asd mar ~t iu optioa pr~cecd to forerlwe thu wortpRa (6) 1'bat tbt Mort~ta~or ril) keep ol raJ ~ed pets~wl pt~pe~p n~r or beredter encumbrred b~ th~ li~n of thi~ m~rtp~e iasured d m~~ be «quired from time lo tiu~e b~ tbe M~t~~ee apinM Iw b~ 6re. riads:brn~ ~ad otLes h~s~nls, ~a~ual~irs ~ad ~wntinReacie.s for snch period~ aad for not Ips 16an sne6 amoYSY ar ss~ be r[qoired br tbe M~Rp~tet aod lo p~1 p?umpUy wben dre ~lf pr~mium~ for ~u~h inwnnce. The ~mounu o( i~runace ~eqritea b~ tbe i[ett6sste sh~ll be the minimem ~mount• fer ~.hie6 ~aid iinsur~M~ ah~ll be writteo .od it ~hall be iacaa~bmt ¦pow ~6e l1[~nppr t~ ssi~uis weh sdditioad imaran~e u ewr br nerew~ to siert ond ~oa~T lall> >.ith all tsimor~Me ~tqoire~aent~ e0ol~iOtd IO Nia pIK~ l~ the end IhN tl~e wid NortRs~tor i~ eot • ro-inwror tlxr~uo Insurance dult be writ~ea b~ • compaoy or cwnp~wia ~o vea es de,sipwted b~ t6e Mo~t~Rer and all pnli~ic~ ~nd ren~rr~ts thercot rhall be beid bT d~! Mortp~er. All deteiled daipwtioar b~ t6e lliqrtpsor r6ic6 ~re ~ete~~d b~ ~h~ Men~~ and dl ~~n~epta ben+een Mortp~or ~ed Meetp~ee rel~tieR to ia~atuct, ~r tsitin` or hert~fttr made. ~ull be in .rriuni aad ~11 be • p~n ot thu monp~e ~peeinpK «(YIl~ ~ tiwu~6 ret fKth ~crbstie 6e~ia wd ~l) 6orcrw bwh perties h~ra~ ~nd tbeir wecea~ors ~nd usipu. ~w No lien rpos ~w~r d wid lieib d ir~w~~ate ~r u~, rdood or retnra prea~inm w6i~h anr bc p.~.b1e N tL~ unrep~~ion ~r ternunation t6ereot, dull ~pi~en to otDer t6q 16e Mertp~ee. tstcp 6~~ pr~per eoJoncment ~A'ned Ie snc6 oo~ic~ ~ad ~pp?orcd br Mo't~a`et. E~c6 palicr o/ i~nace aba!) b~se aised tbetete • Staad~td N~M York Morip~~ (:I~u~ Mrit6oat Costribn~ien, m~ki~~ ~11 low or lw~e~ onder ~oeh p~lit~ ~It t0 Ibe ~IOrtp~ee M ib iMlre~ m~r ~ppe~r. In lIN e~eM aa~ ~am o~ qtrh~ o/ ~noney ~om~ ar~ble thereande? ~he Mort~Ree ptie~ t~ neocire aoa p 11 b~~e t6e appl~ tbe wme en a~roan~ d th? in~kbtcdnew herebr ~ccured. or ~o Pl~Iq1l tl~t MN1~tK I~tt~~t aOd 1YE ~l~ K V~ ~fl {~tJt~I, ~ritioee ~h_reb~ «ni~in~ ~r iiopairinR ~sy eqni~Y. licu~ er ri~tht undtr ~aa b~ virtse ~f 1~ii motip~oe. Iw eneat ~f 1~ K p~~siral d~suRe ta the morlpRed pr~pett7 tht Monp~ter sh~l1 Rtrt ieuo~. di~te notice sbere~/ b~ sail u tbe 1N~rtp`ee and t6e Y~rtppe ay m~ke prwf sf low i( thr s~me i~ oot o~.d~ premply br ~Le • . ~oox15~ f;,~: ~~3 _ . r M ~ ~ ~ : F ~ - , - ~ ~ - - .:=xc ' _=?~.~t:; _