HomeMy WebLinkAbout0988 €
~
PAUVIUED, AL'IPAYS, th~t i[ t6e Mort~~ sl~all pay un!o tl~e Mort~aRe+r ~he i~d~ht~~ne~s ~videnced by a ~
cxrtain pmmi~sor~ note of rrhich the [ollowin~ ia ~ro~ds apd 6gures u a trut copv to-wit: ~
. .1K0~~~ ~O~
s~~aG~~ Mia~ai~ Flaridi - OH41M 19~ `
t
i
~ FOR VALUE RECEIVED ^~,~s~,l~r ar ~,r~s11i ~~romise to F,ay ~
iu thr order ot 1~~.'te1` S8Cb8 _ q
che principal sum oE ~jQ~ av •.~-0OL.LARS, together with inte~at
~hercon trom ~late at the nte oE ten percent. per annum unttl maturity. bath principal and interest being payabte in
IaN ful money of tlu Uniced Stata at `r0~ Roper Building. Miami. Fiorida, or at such other ptace u the holden hereoE may
~iesignate in writing. Principal and interest payabk in insullmrnts u foltows: !
nry~.~ri.+. ~~~.ooj ~ot~.~. ~ .o~~ l~ta i
iyr or tl6i. sa! ae t1. 1j1~ ty or ~
~1 aN +rir+~y roatb tl~a~w!'~sr ~at31 ~ai~ is ~11.
~
i
'1'his nute rnay I~e pre~~:cicl i~~ a•hule ur in (~rt after u~~r ~e:~r I~om ~he ~lalc hc~cy?I u~H~n ~x~yn~ent ol ~,enalty ~
' ry~~iv:,lent to tNO +~ercent o( tl~e princi~r.el suu~ preµ+id. ~
i
' Each inscallment paymtnt shall be credited [irst on the interest due. and ehe remainder on Nri~cipal; and interest ~
shall ehereupon cease upon the princiE>al so credited.
' "['he makers and endorsers of this note turther agree to waive der.iand, notice oi non-payment and protcst, and '
~ in che evene suit shall be brought for the coltection hereof. or the ume has to be collected upon demand of an aetorney.
~ ~o pay reasonable attorney's tea for making 3uch colltction.
Deferted payments henunder sha!! b~:u interest ~t the nte of ten percenc. per annum irom macurity until paid.
This note is secured by a mortgage of even date herewith and is to be construed and enforced according co the Iaws
of ehe Stace o[ Florida; upon default in che payment ot principal and/or interat when due, t}~e wholc sum of principal
ar~<1 interest remaining unpaid shall, at che option of tbe holdus, become immediately due and payable.
~
~ George Col ; i n~ ~sEA[.)
,
~ rIadeline Colli.ns ~5~~ ~ s
l ;
r+nd ehail perform, comply with and abide br e~eh ~d ~vrsy the ~tipul~tiom. a~trermrnte, coodition~ and covenanq of
aaid promiason note and uf thia d.r_d, then thie d'ed and the euate theceby cnatrd ~hall era~e and be null and void.
1. The Mort~a6or herehy covenantw and a6rees: -
tal To p~r dl ~ad ainRular tbe pri~pd snd intcrest ud ~ther ~mw .f;o.~~ wr.b1~ by sirtue of ~aid pr~mi~wry eote ~ad thia
deed, o~ eitber, promp~lT on the d~fs ~tapectiv~lr ~6e woe ~e~radl~ beceme~ dre.
lb1 To permit, eommit or ~~er o~ xaMe ~ad t~ ~osiaqi~ tbe-iespr~vea~eeu ~t ~II timp ia • uate et Ro~d rep~ir ~ csnditioo; wa
to do ot pernc:t to be done tn uid p~emiaea eotiiin~t Ib~t r?ill dter x eh~o~pe tbe ure ~nd ~hwr~ctcr of- ~aid propert~ or in ~nT ~+aY
, impair or ~+eaken tbe .ecori~~ st d,u mon~c.Re: And is ease o! t6e retwl, aesket ~r ioabilil~ tbe M~rtWtor te repair and m~i~uia
uid propcnr. t6e 1KorlpRre ~t 6ia eption,.mt~e ~oc6 repin or eame ~be a~me be ou~1e. awd adranre mone~ ia t6at be6~li_
fe) To par d! ~nd dnRal~~ the taxes, awe~ai»eat~, lerin~ liabilitin. ~ad sbliptios~ O~ t~t~ Ot1Ylt 00 Mfd ,l~trybtd ~f~ti1.• pch
and erct~ wben due and pa~abl~ accordinR ~o Is~r, before ibe~ beceo~e deliwqateu. ~ad te .deliver te the MortpRte en er befe~e N~rch
1St6 of eath ~ea~ u: reeeipu evideociaR tbe p~~eot et aU la~dull~ iiopaed tazea for tbe peecedinR calesd~r yar; to indemsif~ tLe
MonRaRee upon hi~ demand (pr ~II t~u~, wca~m~nu ~ml e6~rp tl~ auy be ~sses~ed opon tba a~rtp~pe en tbe iadebtedsar ~ceured
6erebr. and p~id b~ tl~e m~rtpR~~. rvithout reprd to m~ law 6eee~ef~r~e eaaeted or ber~~ftrr te be ~nxt~d impaioR WTu~m oi ~be
w6ole or an~ part nc~rent upon ~hc MortqRee.
! (d) To p~r ~11 ~nd sinRnl~r t6e rwu. e}ur~d ~od espeo~es. i~dudi
ss la~qen' Icea wd ab.tnct cwu rea~oe~bl~ iacar~ed ~t p~id st
~n~ time b~ tbe NortRsaee beeauK of ~he hilure en tbe p~rt ~f tbe ~~ttpR~r t~ per~onn, cee~pf~ writL ted abioe b~ aeh +ad e~try
t6e ~ripulatioo~ •Rrermeeu, ronditioru ~nd covew~w of wd pomiwor~ oote aad thn dKd. or eit6cr, and ~~erp web p~~ment ~L~11
bar interat irore date at the nt~ of tee per centam pet aw~ua.
f (e) It i~ ~urther co~en~ntcd ~nd ~Qecd b~ ~aid p~ riit~ t6~t is ILe evt~t o( ~ snit beiaR is~titm~d to F~rt~la+~ tbi~ eaottas~ tbe ai~et.
p6ee ~ul1 be eotitlcd to applr at ae~ ti~se peadi~~ (~ceelMOre sait tu the coart IiavieR juri~dictien ebcreof for tbe app~iataest
i ~t ~ recei~er ot ~11 and sin~[ulsr t6e mort6+~Kd P~~1. ad dl ceab, iecwe~. prebta. irue+ ~ad re.en~ ~bercof. f.bm w~wertr
~ ~ouree derivcd; ~nd thereupnn it is htr~b7r e:pres.lr a.~aweed .ed a~neea ~Lu ~tse Ce.n d~.ll toKlwi~h .ppe;o~ .od, nee;.er .;u,
f tbe weal po~ren ~nd doties ef nwiven io like ca~q; Mid ~pp~ietmest ~Il be made b7 t!K eou?t u~ nutter o( priet ri~t to
! the Mortp6tt. ~nd vnitbout r~f~rcn~~ to the ~dequatp .r io.deqn.c~ ot ~be wloe o~ ebe Prowtir h~sebr R~or•v,~ed or ~o ~ wlYa.~
~r imd~~ncr of 1}u M~itpsnr~ or •nr oth~r p~A~ ddend~nt N sYth seit. The Menpeor hereb~ rprrift~sll~ w~i~ts 1bt ri~[ht to
object to tllt appointmenl o~ • rt~~i~er iu ~fornuid ~nd 6eteb~ a~preulr t~nseauc t6at ~a~h a~intn~nt ~hall br aude a an sda?itted
eq~its u~d ~s a~watter o( a6~ol~te rid?t to tbe Mertp~ee wd ibt the wne tw~ be done wiljMnl nNi~~ to tIr Mortp~e~.
If ~oreelwLn proeredin~s ~hould be imtituted ~pirt tLe~Hr eovered br t6is martpae apon ~nf al~er lies or e4i.a wbetber
i alle~ed to be supe~ior or junior ~o the lien o( this m~rtpRe. ~etpRte m~Y at hiR opti~n immadia~~l~ apon ieuitntion wrb
snit ~r durioR the pendeneT tl~eno( decl~re tIw ieortpie aea ~Le ;,~eb~edwcss .eco.ed Irreb~ dne aed P.~sble t•N6~i~h ~wd es~r ~t
iU option proeeed to for~~INe ~hu monpRe.
T6at ths Nortp~ter rri)! keep all rcd tnd penoeal propett~ M~I on c~rrsfler tecumbrr~d hy 1h` li~•n af thi• mortpRe inwred
v ma~ be requited from tim~ to ti~ne br t6e Mort~a~ee a~p~inN ku b~ 6re. MlOI~NO~fO and ~tlKr haurds, ~aRUalues and cominRescia
for rnd~ periait nnd (or not ler t6an snch a.neuen s.y re eeg.iKd by ~be Mw~s.~e .~a ro p.~ p...m~1r ..hr~ due ~II pr~n?iuen~ ~
for ~ueh inwrance. The ~mounb af inwnnce req~ired ~ t~e llertp~e~e ~11 bt tM minimom iinonnt• f..r .+hi~h wid i~wnnr~ ~U
' - be writtta and it ~6s11 be incambent t~pon tLe MKt1~~e N oa'trtsis s~ ~dditio~d imtita~~ s~ msr h~ nrrea~arp 1o mert ~nd ~oe~r
folly r+ith dl cainsur~Mt reqoiremenu ~oatained ia Mid ~licie~ b tl~e md tb~t ti~e s~~d ilortR~t~r i• not • ~o-in~nrer thrr~un r.
Imunnce ~6alf be «rittea b~ ~ eompanS K~~pwie~ I~fO~ N dfliRY~Cd b~ IIM tiIA~1R1tM rnd all p~li~~~a ~nd rene~rsls thereoi
~s~t Le pt
.6all be tield br ~be Mo.~Ra~e. AD ~s.:led de.i~sui.er ~~Le M•naaE.~ ~bi~6 are ~cee .d br eh. :Nortt~e~e ~nd aI1 aRrer~aenu
betwean Mortp~o~ wd IEiertRa~tee ~el~tinR i~ iLtYt~lsc~ Nw esirtina or ~ferealte? a?ade, slul! 1r in ~+Mins :nd ~all ht • p~rt o( tbi~
mort~e ~peeineut a(dly y t~a~~ ~a t~nL .erb~tim 6ereie ~ed ~11 Rooern both p~rtiea h..+KO .nd ~6.~ir .K~aron aad awipr.
No liea apon ~s~ d~sidp~ liaM e~ ~MUn~te ~r ap~e u~ rda~d or retnrs premium ..hi~h rw~~ br p~~ablr o~ t5e ~eneells~ion ~r
terraia~tioo tbcrrof. ~1) be ~:ven !o etbet tluo tbe Martp~t. ticept b~~ preper ~n~lnr~emrnt ,:~..d .~~h ~..a~r~ ..wl .~re.ed by
Mortp~et. E~c6 p~licqr oi i~ur~nre ~11 hase ~ed thetet~ • Suad~rd N•.. Yerk Mor~~,e.. / 1¦u,. ..it6eM Coatribution, m~kinR .
~11 Iws or IoMt~ ondtr ~ne6 p~iie~pa l~dle t~ tbe M~rt~,t`es r ib iwterrat msr aaprss. In tb? ~•.nt anr ~nm or ~m?u o( ~noeey bkom~
prnbk tberennder the Mort~Rce dull ha•e 1be ~pti~o t~ tecei~re asa ~pp1f ~he ume on ~~ronnr af th~ i~1~M..ln.., Mrebr .ecurni,
or t~ perroit the M~rtpR~r t~ necei~e ~nd tre i~ ~ a~y p~tt tLere~. wrt6~nt tbcreb7r wsi~inR ~r imp~~rint ~sy eqnit~~ lieo~ er ri~tl~t ~
~nder ~od b~ rirtoe ~I ~ mortp~ ID !~'!M ~I IuM K~JN~~~ dllw~! Iw the mortRS~ted pro~rt~ tlK MortpROr alull pre imeat-
di~te n~tiee tl~ese~f bs ouil t~ tbe M~rt~aRee ~ad t?e MKts~1u'e ~wr m~ke proot ef IoE~ if thr wne i~ sw m.Ae w«nW~r b~ ~be
~ ~ ao~x ~t~ PaGE c78~ ~ ~
~ ~ ~ T .
~ r+.~MY y,~".~ - ~ ~r_-F rk,
° sf4r~ ^a ~,1' ' ~a~,:s
~s~~.. f ~ it "'y. ~ .
~ ~ •Y
t.~~ -
. . ~ _ . . .n .X ~