HomeMy WebLinkAbout1541 PROVIDF.D~. AI,~VAYS, t6at if t6e Mort~~u shall pay Unto the Mortgadee ,the iadebtedaces evideaeed br a
artai~ pe~omiMOq note ot which ths followina io words a~d 6gu~es u a true copy tawit:
.s~- I~a?~3~~ /~0~1
s ~ ~ ~ ~ ~ ~ ~G . Miami. Florid~ agi'OYt~~lZiB~ 1
~ 19 ~
! FOR VALUE RECEIYED ~
~O~ ~O~t1.Y :3t~3 Ac7`i@~~c1~. ~
promisc to paY r
. ~o the order o l~i0]~~~1:; 1..:.: :ui;'_ Clt: 't S• Ka ~ 8,
~he principa! sum o •~v~~ I30LLARS. togcthcr with intetest
; chereon [rom ~late at che rate of cen petcent. per annum until macurity. both principal and incerest being payable in ~
lawtul money of the United Seaces ac ~03 Rz~per Building. Miami. Florida. or at such ocher place u the hoiden hereoE may
~ designace in wrieing. Principal and incerat payable in iastatiments as iollows:
~ ~hirty C~u.00} ~oll:,~~~ ~r moutb. be~;iiu~tn~; on tho i~th oP
J~:.iu~.:,r;~ ~ 19(i? ruic: ao~t::nuit~; ~:i the 1>th ~c,~~{ ~f o.~~:h tu~i ovory cta~th
Lhc:Z~e~.f~Cer t~nL-il ~~.3ci 1~3.1.
;
i
~ 'I'his note may i,c prc~wid in ~vhole or in ~~rt a(ter one year lron~ the date hereot u~wn ~,ayment of a penalty
~ equivalent to two ~~ercent u[ the principal sum prepaid.
' Each installment payment shall bt credited first on the interest due. and the renaainder on principal; and intetest
i shall chereupon cease upon ehe principal so credieed.
~ "I'he maken and endorsen of this note further agree to ~vaive demand. notice ot non-paymenc and protat. and
~ in che event suit shall be brought tor the collection hereof, or th~ same 6u to bc collected upon delnand of an attorney.
~ co pay reasoaable attorney's fea for making such collection.
i; Deferred payments hereunder shali br.u interat at the nte of ten petcenc. per annum Erom maturiEq uaeil paid.
This note is secured by a morcgage of even date herewith and is to be construed and enforced according eo [he laws
of che State of Florida; upon de[ault in the payment of prinapal and/or incerest when due. the whole sum of prinapal
~ an d i terest remainin n at on of the holders. become immed.iately due and payable.
.~~iic~~a, _ s a:; g~o~`~~~e ~f ~~`~:u~
" r _~obLrt -.:I..~11i..~~~J
_,:~I_;~. .;ver~r - ` (SEAL)
- - .
~ ~ ~ ~:e ;;or:;se H~r ( ~ ) plark
~sEqi,j
Lill e ~tilliams
and shall pcrform, comply with and abide by e,ach and every tbe stipulatiom. aEreeinrnts, iwnditions and coveaanU of
eaid promissory note and of thia deed, then this deed u~d the atate thereby created ~hall ceaee and be aull and void.
1. The Mortga~or hereby ooveaant~ and a6r+eea:
(a) To pa~ alt aad tie~r tbe p~iatip~] and iatere~t aed ~tbar ar~w ~f m~ael ps7~ble by ~•inue of ~id prNaiworp note anJ tbi~
dccd. er eitber. p~.mqlr on ~6e d.~, re.pec~i•dr ~Le ~.me .e.mly beeoo.e. dre.
Ib) To permit~ eemmit or wl[a no ~rastt asd to maiatain t6e impnvemeaU at all Gmes ie • sutt ~e~d repair ~ e~nditi~s; and
to do or permit to be done to rid prrmises not6io Ib~t will dter or cLu~~e tbe me asd e6anctu o( wid pnpert~ wr io ao~ vnay
imp~ir or wrealcm tbe ~cearit~ ~t thu mort~~e. Ae~ is cue of tbe refwl, nesleet er ie~biliry ~f Ibe M~rlpi~r te repai~ ~nd oui~uia
uid propert~~ t6e Mortp~ee ~u~, ~t 6i~ ~ptioa, auke ~~eb repin or uwe tbe same b 5e wdG a~ a~raset mone~i ie 1~t bc~alf.
lc) To p.y dt and s:n~al.r c6e ~.:e.~ ...~a~e.~ le.ie., Uab;lwe.. aad obliptioo~ ~f ever~ ~at~tre ~s wid daetibed ~~pcst~ ae6
snd e~eq v+6ea due ~nd pqable ateordins te 1~~+, before tLe~ bteome deli~quea~ ~od te ~ddiver t~ 16t Mortp~ee oa ~r be~ort Mart6
15~b of e~ch ~ear qs reeeip
11 tY~dlM~As IIf! ~~tOl O~ ~II I~M~YU1 WpWtd ~iZE{ ~OP I~t uleadrr
Mortpsee upon hu demaad (or dl tasu, a~enrnenb ~ed eL~r t6~t au be asse~scd t~ induaaif~ tbe
be~eb , and id b U~e moct ~ ~ ~ ~O~p~ O° ~ '~b~ ~ored
~ pi ~ pRee. rilhoot reprd to w~ lar 6eeHef~re emete~ or heredter 1~ be ta~cted iopMis~ p~~mest of tLe
rrh~~le or aar p~rt thereot npon the Mortptte.
td) To p~j all aad siaao4r tbe eosu. ebar~» aod espeere~. i~dudiaa low~' teq ~wd ~b~tract eow reaswnbl~ ixorred orpu d~t
~7 ~e b~ tbe Mortpsee becawe ot tlic failnte es ibe p~rt ~f tbe ~.rtp~or u pufonn, e~npl~ vritb ~ed abide b~ aeh .,d e~rery
t6a ~tipulation, ~~eea~eats~ eonditiom and covenaet~ of aaid prouiaor~ note ~sd t6is deed. or eithe~. sad e~ery we6 pqmest ~11
bea~ iatere~t trem due ~t the nte o( ten per eemum per wum. -
(e) It is tnrther eo~emntcd ~ad ~~reed b~ widp~ rtia t~t ia tbe eveet of a soit beie6 iiMitnted t~ (~rcelpe ~Lis monp~e,lLe ]l~rt_
[iau ~halt 6e ewit~ed to apply at aeT time pead'w~ aae6 t~t~eels~uro aai! tbe eNrt 6nri~~ juri~dieti~a e`ereo( tor t6e ~yp~iooioent
ot • reeei~er o( all ~nd ~in~alar tbe moctt~Ra VroP~+~7. and et dl ~ents, isc~sa. Pn6u. i~wa awd teree~ ~beceJ. from wWts~e~cr
source derived; and thereupon-it i~ :.e~ebr e:p.eal~ e.•ew.eced .ed .~need ~6u ebe G..n .6.q t.nh~+id, s~po;x s.r6 ~eea.er ,.;~I,
tbe nrnal powen and dntia ot reeeivers in liks wa; ~na Mid ~pp~ietmewt s6~ll be m~de b~ tbe catrt r~ maner oi ~riet ri~Lt to
ibe Mortyi6ee, wd ~rit6out refercace to the adeqwer ~r ioadeqwtyr of t6e vdne of t6e property lx~eb7 wort6ased. er to tbe ~olveaer
or im~lreac~ of the Mortpson sr en~ otbcr p~rtr ddead~st N sut6 sui~ The ~~rtp6or 6erebp ~peei6a11~ waiva tbe ri66t to
object to t6e +~ppoiatment ot a reeeiver o Joresaid u~d bereb~ ~ly e~meab tbat ach ~ppointa~eet ~6a11 be wde ~ an •dmitted
eq~iq aod a~ s uutter of abwtnte ri6Lt t~ tbe Mostp~ee as1 ~ tbe ~me mar be done w~idww aai~e t~ the Meripsor.
(I) If foreclo~ure preceedin~s sh~nld be eeatituted ~piaN tLe pr~pent eovered by ~6is mortP~e oyoa ~s~ other lies or e4im rbetLcr
alle`ed to be superior or junior to t6e lien of t6i~ m~ttp~e. tLe ~[or~`a6te mar at hu optioo immediately upoa iastitu[ion o( wrh
sait or durins the pendeoer tbered decl~re dw mortp~e an~ t~e indcMedwess ~cewed 6erebr dne and p~~abk /~rtbritb awd m~~ ~t
ib optioA prxeed to forcclNe ~6is ~onssse.
(6) 11ut tLe Nortppr ~+ilf keep ol red ~od persss~l preperq now or beredter eacumbe~ed b~ the lien of t6is m~rtRa`e insured
as ma~ bt rtquired (rom time to tiu~e b~ t6e i[~tp~ee ~aia~t Iw b~ 6rt~ wriod~tor~o ~od otber hasards~ e:iual~ip snd eontin~enciu
fot .ueh periods and for no~ le.s ~6.n soc6 amounu as s.y re e~e~ired br ~be M.rcpe,ee and eo par proo.pd~ w6ee dNe .11 Pr~m~u~n•
for ~ueh insunere. Tbe aoouma ot iwunace reqoired b~ tLe Yortp~ee Ehd) be the minimom unounu for r+hick ~aid insur~nre ~Iiatl
be vnttea ~nd ii ~II be iatombtat apo~ d~e ~l~rtppr t~ ~iobio sreb ~dditioad iosoru~et u m~) be necewr~ to mM ~nd too~p{y
(allY ~ri~ all esiosartete reqriremenb eoet~ined 'w ~sid pdieies to the ead th~t tbe wid Mort6s~or i~ oa ~ eainwror thereundcr.
Insnnnce a6dF be r?rittes b~ • eompanf caapania y~pw~ed er daipated b~ tbe Mortaaaee and allp~?lieia and renerr~4 ~herco(
,b.ll be ~eld br rbe 1~orti.~ee. All ~kc.:led desipwie.. 6~ tbe Mortp~~r wi~ieh are ~ccepted b~ tl~e Mortss~ee ssd aU •6rcwcou
betaeen 1[~rtp~ ~ed M~ttpsee reLtia~ to iawrdee, an e:istins os i~errJler nude. aiull be in .ri~in~t asd ~hall be • part of t6ia
mortp~e ~Reemeat a Fnll~ a~ t~wsh ~et t~rtb ~erb~tisn 6erein ~od ~11 aov~n bo~6 p~nia berd~ ~nd t6eir s~eee~wn aad usiRns-
No lien npoo as~ e1 ~aidpo
lities ~f iwu~wte ~r Yp~e u~ rdaod or retnre prea~ium ~rhich ma~ be p~~able w ~be uncellsuon or
terminatioe t6ereof. ~II be pver~ to otLer tlwe tbe ~ertp~ e:eept b~~ prepcr cnderatmeet i~sed to we6 policy u~d ~pproved b~
Mortp~ee. Faeb policp of iawnoce ~hall b~e ~ed t4etelo • St~nd~rd TIeM York Mortp 6ce CI~uK witboW ~ostribntioa, makinR
es m
dl low or 1cMe~ aeder ~nch p~Ue> >tble t~ t6e Matp~es a in ietereat m~r ~ppe~r. Ia tbe event ~nr snm or sueq~ 01 rnoaer brromc
w~oble c6e~eunder ebe Mor~aaRee 11 bire tbe eptiee 1~ e+eoeiwe ~nd spyl~ Ibe wrae ~n moue~ et the indtbted~ bu~b~ seeored,
or to permit t6e Mwtp~~r t~ recei~e aod ~ it, ot ~A~ p~rt tLer~wt. vntboat tbereb7r ~raivia` or imp~iria u~ eqoity~ licn+ er riRht
nnder ~ad b~ ~irtae ~f tLir mortpse. Ie ereat ~t Iw ~r p~piral dawase ~a thc rosnpded propert7 tbe ~ortRasor ~lull ~re imm~-
dine notict tbere~f b~ ail to tbe M~rtpsee ~ed t~ee ![~~t~`re mar m~ke proof of lep if ~he wme is aw m.de pnmp~lr b~ ~be
~oo~ 160 P~~E 34i
.
- . ~
~ , f ~ ~ , _
- ~ ~ . ~ ,
~
-
-t