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Home My WebLink About1320 ~ , . ~ PROVIUED. AL~VAYS. ~hae i[ the Mortsa6oe ~t?all par unto tbe MortRaRe+' 1he ind~ht•doe~e r~~a~~Ka t~r a certain promiwor~ aote of w6ich the [ollowina in words and 6~urea i~ a true copv to-wit: . /~aN~~ ~4~ , ~ ~,425.00 Miami. Florid~ ~~veaber 5. ~ ~l ~ FOR VALUE RECEIVED uf t~~~t~ eBQer``l~ promisetop~y ~ co the order of ~1113t1 Y~.~:~~'~3~I1 _ ,s S~ ~ OLI.l1RS. t ther witl~ interat ~he principal sum o~"1O chereon from date at the nte of ten percent.pe r annum until raaturity. both principal a~d l~terest being payahle in ~ ; lawful moner of the United Scata at 203 Roper Building. Miami. Florida. or at such other place as the holden hereof mar ~ ~ daignace in wricing. Principal and incerat payable in iastallments as follows: ! on ths 15th ; Fort'-li~~ (845•~~ Dollaro psr soath boginain6 ' dey of Jan~u~~ 196? and aoatiauing oa the i5~h aay oY eaoh an~d eesry tonth ther~attor until paid ia l1~11. ~ I This note may be prepaid 'en ~vhole or in ~~.~rt atter one year Irun? d~r date hereut u~wn pa~~ment of a ~~enalty ~ equivalent to tHO }~ercent ot the Nrincipal sum prepaid. I Each inscallment payment shall be credittd first on the interest due, and the remainder on principal; and interat shall thereupon ceas~ upon the principal so aedi[ed. ~ I The raaken and endorsers oE this note further agree to waive demand, notice oE non•payment and protat. and I in the event cuit ahall be brought for the collation hatof. or the same has to be collated upon demand oE an attorney. ~ to pay reasonable attorney's fees for making such mUection. ~ Deferred paymencc hereunder shall beu interest at the nte of ten percenc. per annum from maturity uncit paid. ~ This note is secured by a mortgage of even date herewith and 'u-to be construed and enforced according to the laws of che State oE Florida; upon default in the payment of prinapal and/or interat when due. the whole sum of prinupal and incerest remaining unpaid shall. at the opt~on of thc holders. become irnmtdia[ely due and payable. ;~orsoy Horris ~s~~ HElon I~orris (S~-) and ehall perform, comply with and abide by eac6 md every t6e ~tipulationer aFreemrnte, cood'stions and coYCnant~ of eaid promi~nr~ note and of thie deed, then this dced ~nd the e~t~te therebY creatr~l shall ~ra~e and be null and void. I. : he 11+Iort~aEor 6erebY covenanU and asrees: (~1 To par all ~nd ~inRular tbe prineipal ~nd intcrest and ~thar sum~ ~f m~ae~ p~7~ble by ~inue of ra~d promiMOrp nute and 16i~ I decd, or eit6er. promptir on the dar rupe+tivd~ t6e ~ame ~eroli~ bteoa~a dre. ~ Ibl To permit, ~ommit or ~uQer no wa~te aad to maintaia tbe imptovemenu ~t dl timn in ~ uue oi 6uod rep~ir ~ed condi~ion; and to do o~ peRnit Io Ix .1one to ~aid premius nothinR tlua ~rill alte~ or e6~ose the me and ~harscter ot wid propert~ or in ao~ a~y imp~ir or ~+eaken the seenritY o( thi~ mortpRe. ~nd in eue oF tbe re(w1, ne6ket or in~bilit~ o( tbe M~ripRor t~ ~e~ir ~nd maietain uid propertr, the MortpR~e ~a~. at L'u option, make ~ue6 rep~in or unse tbe s+~ne ts be m~de. asd sdv~nce mone~~ in t6at belulf_ (el To p~r all ~nd •in~tul~r the t~:ci, aueNmenu, levit~. liabilitita, and obliptioo~ of every o~~ve ~e vid ae~cribed pr~penr n~h •od everr r+hcn due •~d p.r.l~le ~c~ordinR to lavr, bctore 1be~ becoa~e dtliwqueat~ ~nd to .dtliver to the MortpRet uu er be(ore M~rch 15th of ta~h ~ear t~i re~eipta eviden~inR the p~~men[ of dl la~+Iu11~ impwed tazes tor t6e prceedin6 caltadar yar• t~ indemnii~ 1be 14iurt~Ree upon hit demsnd for all u:~e. aasea~m~nb sad dur~ tbat m~y be asse~.~td upon lha oertP~pe on ~be iadebtednes~ seeured he~ebr. and p~id br the mortp[r~. wilhout rrprd ~o ~Ar I~w 6erHofore enaHed or her~~(t~r to !~e ~na~~~d imposinR p~~ment~ of 1be whole or ~nr p~rt thcre..f upon thc ~'IorlR~Rtt. u (d) To p~~ all •nd sinRul~r the rwu, cbarRd ~od llptlYt~ lOf'IYa1Ds ~i~/jtf~ (ee~ ~ud ab~tr~ct co~u reasonsblr ~MY~~ld or id ~t an~ time br t6e Norts~ae~ 6ec~uu of ~he i~ilure on tLe p~rt of the Nortp~tor te perform. eoo~plr wi~ and sbidt by dch • every tbe ~tipul~tioas. •~treemeau, ~ondi~~oruc •nd eoveaanu of ~aid promiaar~ note sod this deed. or eit6er. ~nd ~~ery nieb p~roent ~6d1 bear interdt from date the rate of trn per centum per uieum. (e) It is further eo~ensnttd ~nd ~~treed bj s~id partin tL~t in tbt event of a cuit beieR inqi~ut~d :o ~ort~lo~e t6i~ mort~~e, t6e iNort- RaRee ahall be eatitled to ~pplr at anr time pend~uR ~ot6 [ereclewtt sait l~ tLe coart luvio~ juri~dictioo cbereo( (or tbe ~pp~intment of ~ receivtr ot dl ~nd sinRnlar the mortplped propert7. ~od ef all renq. ineo~eu. pro6ta. iwues ~nd rtvmucs ~ereo(. (com ~6~we~e~ ~ource derived: and thereupon it ir her~b7r e=prsal~ tOttN01la ~Ad ~L~l tLt G~Y~t ~I~ IOfII1~+11I~ ~PPOIO! ~Y[II Ktt~rtf w~tlf the nsnal powcn ~nd du~in nf m~~iv~n in like ea~d; ~nd yid ~ypoiota~eM ~11 be msde b~ tl~e eonri n s matter oi qrict ri~tbt to the MortRaRce, ~nd wri~haut rcfrrcn~c to 1he •dtquacy ~r iwdeqwer of~tbe ~due ot ~6e Proanr hereby a~ortpRed, or to tbe wl~encr or iowlveneY of the ~Irtr1Ra[ora n~ •n~ o~her partr de(eatlaet to ~oth suit. Tbe Mortpior betebr ~pecifwlly waives the riRbt to object to tl~t appointm~at of • rc~ei~tr as ~fortiaid and bereb~ apnwlr ~onsent~ that meh ~ppointm~nt Rhal! br madt ~s ~n admitted equity ~ad a~ a autter of abwlnte ri~th~ to t6e Mortp/et ~ad 1mlt the wne m~~ be done widwW notir~ to thr MertpRor. (f 1 I( forc~losure proceedin~ts ~hould be inuituted e6aiau tbepr epertr toveted b~ tLi~ mort~~te npon ~ar other lien or tlsim ~.betlur aUe6ed to be superior or junior to the lien of tbis msrsp6e, tbe MortpRte m~y ~t hiic option imm~din~ly apnn in~~i~ntion e( ~u~h auit or durinR the pa~oeneY ~hercof de~lare this mort~nit snd tbe indeb~ednas .e~ored I,erebr due •nd p~~able fonhrith ~ad inar ~t ib option proreed to for~~loK Ihi~ mo~lpRt_ (6) 17ut tbe Mort~taRor rvill kecp ~ll rcd aod perwm~ propert7 norr or her~after eneumbrr~d br thr lirn of ~his mortpRe in~ured u ms~ 6e required trom time lo ~ime by lhe Mort~set a(~a~mt loss b~ 5re. rrindstorm and otF?rr hassrds, ~a~udhe~ snd cantinReacia (or ~ach periods md for not Ins [!un ~ueh ~mouaL o m~~ bt requited br l6e MwtpRee ~nd to pa~ pr..mptl~ ,.rhen due ~11 pr~mium~ for su~h insur~nce. The ~moun~e d i~uunnce rtqaired b~ tbt 1IorlRaset Ehall be the minimnm ~mnunt• fnr ~+hieh ~aid in.u~~nr~ ~htll be ~+ritten ~nd it s6a11 be incumbenl apon tbe 111ortRspr to ~inuio ~ueh ~dditiooal iwar~nr~ a~ ma~ hr n~rt~t~rr to meM ~nd comply (nll~ wi~h ~1) r_o-imunnce reqo~remenls ~onuiaed in wid p~licie~ te t1~e end tlut tht w~d NortpR~r i~ no~ • ~o-in~uror thrr~undr~. In~ur~nce alul~' be wri~ten b~ • ~ompan~ or eomp~eia .ppro.ed •r de.i~n.~ed br ~1x M~n,~.R~~ and all pnli~ie~ ~nd rcn~~s~ls th~reo( ~bdl be 6eld b~ the Mort~Ree_ All deuiled de~i~~isa~ b~ tl~e MortpEor w:~ich ~re ~ecept~d b~ ~h• Mertptee ¦nd sll a~ve~lueau bet~reen Mortpsor ~nd Mertsaaee rel~tiaR t~ iu~nrsnce. ww e:iuins or hernhe~ u~~de. ~ball be in wnl~n[ and r4a11 be a p~n of thu morlµse aRoement u fu11~ u tbou~t3~ ret forth ~erb~tit~ herein ~nd ~11 6overn both p~rtiea h~rrto and ~beir w~~wwr~ ~nd awipp. No lien tipon sn7 of ~aidpo licin o~ in~unoce or upon w7 re(und w return prc~~ium whi~h m~~ br p~~able oa tbe ~~ncellaion or termination thereof. ~1u1! be ~ti~en to otLer t6~n tbe MonRa~ee. escept b~ rope~ endorsrm~nt ~ffised to ~ueh po~itr ~nd app~oved b~ m ;Nort~6et. Eacb poli~~ of in~ur~n~c ~hall hue ~6sed tbereto • St~nderd ~w York Nort~sR~~ (:I~wv Mrilhonl Costribntion, m~kin~ ~II loa or Iwse~ oeder ~neh pslic~ ~.ble te ~he Mort6a~e r iu imereK m~r appear. Jn ~hr e.•m ~n~ rum or ~nm~ of ~noner br~om~ pa~~ble the~eundu the MortRaR~ ~~11 6ave tbe epioa reeeioe aed ~pply the ume on ~~~oun~ af tb~ imleMed~M bere~br ~e~ur~d, or to permit the MoApR~r to ~«ei~e ~nd u~e it~ or a~~ p~rt t~aeot. nit6oot thertbr a~irinR or imp~irint ~n~ equit~, licn+ or ri~tht under ~nd br rinm o( thu mortp~te- In erem ot lor ~r pb7sird d~m~Re ~o the mortpted proprry tl+e~ MonRa~tor ~hall R~vt imm~- distt notiee therce( b~ m~il to ~l~e MortpRee ~nd tbe btortRa~tre m~y m~ke proo( ot lau i! ~h~ w~ne is oot msde premp~lq b~ ~be ~ - _ °ooK160 PacE ~.20 . . B _ ~r~:'r 2 -,~`~s p~ ~ iz f ~ .y- r ~ ti .,r,"` - ~w -i~.-~~ ~ .:TZ f- . , '4 ..:'r+ . '3 . .