HomeMy WebLinkAbout1640 PROYIllEp; AL~PAYS, th~t i[ t6e Mortaaaor a~aU pay unto 1hr 1S..rt~taRer. the iad~ht~daee~s ~videnceJ by a
certaia pro~aiawr~ aate ot wLich the followit~ ia words and 6gures iu a true +eopy tawit: ~
° s 2~1g0.Q0 /~'~a"~o9s~/Yo~if !ori ~oirqlbi= 19 ~ 6l~i
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FOR VALUE RECEIVED u~• ,O~t~ proraisetopay
~o che order o ~ t!A ~
, ct,e printipal sum o . together with interest ~ {
~hereon from date at the ra[e of ten perceat.per annum uncit maturicy. both principal and interest beingpa yable in f~ t
i tawful money of the Uniced Scates at 203 Roper Buildin& Miami. Florida. or at such other place as the holden hereot ~nay ~
' desigaace i~ wricing. Pri~c;pal and incerac payable in iatWlmeun as follows: ~
! lortrJ ~~0.40) Doliar~ p~r son~b. b~gianiag oa +~2~ 15~h du o! ;
i Jaauara~ 1967 ead ao~ntlnuiag an th~ 1SLb dy o! ~noh and ~~r~ 3
~ ~onth ~~r~attes un~il yaid ia ititll. }
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~ This note may be pnpaia in ~tihok or in part aEter ont ytar [rom tht date hereof upon payment of a penalty <
; equivalent tQ two percent oi the principal sum prepaid. S
~ Each installment paymtnt shall be ctcdictd fint on tbe interat due, and the temainder on principal; and interat ;
~ shall chenupon cease upon che prindpal so aediced. ?
! 'The makers and endorsers of chis note furtha agra to waive demand. nocice of non-payment and pmtac. and ~
i in che event ~uit ahall be brought for the collection hereof. or the wne has to be collected upon demand of an attorney, ~
' co pay reasonablt attornry's fea for making auch collettion. -
Deferred payments huee~nder ahall bear interat ~t the nte oE ttn percenc. per annum Erom maturity until-paid.
i~. This note is secured by a mortgage of even date herewith and is to be consuued and en[orced according to the la
of che State of Florida; upon deEault in the payment oE prinapal and/or interest when due. the whole sum of prind
~ and int~rest rtmaining unpaid shall. at the option of the holden, baome immtdiatety due and payable. _
" _ Jefferson i-ionroe ~5~~
?ueeii F'Ionroe ~
. (s~-) ~
and ehall per[orm, comply with and abide by eaeL and every du stipulatioa~, a~tmmrnts,-conditiona and rnvwaab of
eaid promi~ry note and of this deed, then this deed ued the dtate thereby cre~at.Kl ~hall cra~e and be null and void.
l. The Mort~agor 6ereby covcnanb and a6reea:
To p~~ dl aad sinRular tbe priaeipai and interat wd otbar nuw ~1 m•oer p.~able br sirtue of ~sid promwory riute aod t6i~
deed, or eit6er~ promp~l~ on ibe dan r~.peca.elr ~ s~e ~tvesall~ betema dat.
Ib) To permi~ eOmmit or ~4~t~ no w~qe ~nd to 1t~aipttin IbE imp~YVtp~eW1 ~t ~11 time~ ie ~ Ntle o( so~d rtp~ir a~ t~nditi~s; and
to do o~ pcrmit ~o be done to uid premiw nothina tlut ~?ill alter ~r ehu~~e 1be ~rt awd ~h~n~ter o/ yia propeA~ ~r i~ an~ r+~y
imp~ir or ~rtakea the seen?it~ e( ihis moripRe. And in caae of drc re(wl~ oesleet ~r io~bilil~ ~f t6c M~rip~r t~ rep~ir and duiet~ia
wid propcrt~. the MortRa~e ~a~. at L'u option, make ~oc6 ~ep~in or uase tbe ~une e~ be oude. a~d advan~e mene~~ in ebst be6alf.
(c) Te par all and ~inRular the l~xcs, wcrmeME, le~ia, li~bitities, ~ad obliptiea~ o( ever~ s~t~ue ~o a~id ~;~cribed or~pertr eaeh
anJ ererr ~+hen dne rnd payd~le ~eeordinR to law~ belore LbeY becoo~! delipuent~ aad [0 1ldiver t6e Mort~prRee Os ~r be(ere March
lSth o( ach ~ear t~: reeeipts evidenciuR tbe pannent ot dl 4~rfu11~ i~po~ed ta:a for tbe preoedin6 alend~r par; te indemaifr tbe
Nart~Ree upo~e hi~ demaad for all usei„ wearmenb aad el~~~as t6at auy be asses.•ed upon d~a awrtp~pe on tlie i~debtedniw ~ecured
hereb7r. ~nd p~id br the mortpRee, writhout reprd to aa~ 1~~? berete(o~t emcted or hert~ittr to be nu~t~d ispesioR p~raest of the
vrhole or wr p~~t fhcreof upon 1hc Mort~Rea
td) To p~r all and ~iaRuLr t6e co~u~ elur~tp ~nd espea~e~ i~dndina 1aw~qs' teea ~ed ~nct eow reaNn~bl~ inconed or p~id at
an~ time b~ ibe Mon~Ree bee~use of thc f~ilure oe the p~rt ef 1he N~ttpdor t~ perfotm. eomply wi~ ~sd a6ide by aeh ~nd e~ery
1he ~~ipulations~ ~Rteemeau, eonditions ~nd to~-enanb of wid Oto~wiwor~ oote and tbis deed. or titber. ~sd e~eq we6 p~~noeet ~h~ll
bear iatetdt trom d~te ~t the nte of ~~n pcr centu~n pu wuro.
(e) It is (arther eo~eaaated ~nd ~~reed bj wid p~rtip 1dt ia t6e eveM of • snit Lei~R iatitWed t~ f~rerlwe tLi~ moctp~e~ tbe alKt.
as~ee shall be eatitlcd to ~pplr at ~er time peediuR ~~eb (~netl~wre sait t~ d~e c~ort bavies jnri~dietioa ebcroof for t6e appeialmest
~f • reeeiver of dl ~nd sinRalar t6e mort6a~ed Propert~. ana d all reMs. iee~se~, pro6t~, irue~ ~sd reoenun ~beree,(. from ~y~~e~er
~ource derived; and ihcreupon it i~ hcreb~ e:prdsl~ e~~eauted ~sd ~dmd tL~t ~e C~tirt di.q /erth..it6 rppoia~ soe6 reeei~e? witl~
E6e wwl po~rers aad dmiea of r~iren in like wp; aa~ ~~p~ietmeet ~ll be made br tbe ~oort as ~ maner of arict riRbt to
the Mort6aRee. ~nd writhout rcfrrcn~e to the ~deqwe~ or io~dequ~cy ef t6e vdne of t6e property bereby mortpRed or to tl~e wl.~ency
or iawlv..nc~ of the NnrtRaRora er mr ether p~rt~ defead~~t t~ ineb suit. 17~e Mertptor berebr ~peeif~117 w~ires tbe riRht to
objeet to the appointment o( • reeeiver as afor~aid and bereb~ acprnsl~ e~~ents th~t sse6 appointmrnt ~6a11 br m~de ~~n ~dmit~~d
eqnit~ ~nd as a autter of ~bwlnte riRht to t6t Mortp~et ~ed t~t t6e MIAt RI~~ bt dOM M~~OYI AOIIM ts thr Menp~tor.
(t) U forerlosure prseeedin~oc s6ould bc instituted ~~ses~t tbe pr~~rtr coveted b~ /Lis mon~ts~te upon ~a~ otber lieo or c4im ri~elber
aUeatd to I~e superior or jonior to the licn o( this m~eip~e. tbe ortR,a6ee n~r ~t his option immedi~ttly upon i~ruiuttion sueh
~uit or duriaR the pcndeoeT tbereot declaro dtis mortp~e aad 1~e indeMedsess ~ecored 6~nbr dne ead p~~ab]e tonb.ri~6 and m~r ~t
it~ eption pro~ted to forerlo~e Ihi~ ~uorlpRt
(s) T1~t tbe 1~onRs6or ~rill kecp ol red aod penowl pr~perq w«r or her~Jter encumbrred A~ thr li~n of this mortpRe inwrcd
Y r~ur bt ~equirtd ~~om time ~o by ebe Mwtpsee aaa:ee~ i..s by 6re. viadstotm aad ot}Kr fuz~r.la, caiualti~ and cantinReociy
(or snch pcriodr and for no! !w ~lun su~6 amouoa a m.~ be re~ired br ~6e MonpRee .nd ~o p.~ p...n.pUr urbee due dl pnmium~
for ~u'h inwranee. The ~mounb of ia~uraate reqnired b~ tbe 1[xtp~ee sktil be tl~e miaimnm amovnt• fnr whirh uid inaursnr~ ~hdt
6e r.ritten ~nd it ~all be incambent npon tbe MKtppr u s~iM~ia s~eb ~daitioed ituona~r as ma~ !M necewr~ to mcet ~nd coe~ply
folly r+ith a11 eaimunnee reqniremtnt~ toot~ised ia Mid p~licie~ l~ tl~t md tiut the w~d NortpRor i~ nM • rsin~oror thtr~undrt.
Irunr~nee ~lulF be rriucn b~ • compan~ er c~mp~nip ~red sr deaipwted br the Mortp~ and aq pnlirics and renrrr~4 thenot
a6d1 be Leld br tbt MortaaRee. All dcuiled daipuiew ~ t6e M~rtp~ot rrhicb ~re ~cceptrd b~ th~ M•nR.Ree ~nd dl aprern~cou
betrreen MertRa~or ~od M~rtp~ee relatiaR u ~/rY/~4Cl~ NM QrIUD~ Ot IIlfl~(ftf ~~dt~ ~11 bt in •r~tina sed ~6a11 6e ~ p~n of thiy
morip`e ~peereeet a l0l1~ ~s t6ea`h ~e! ~~r~h ~etb~tim herein wd ~hall so~ers botb qrtiea hrrHO ~nd tbeir wcewon and aNi~tw. -
No lieo ,~on anr e~ ..~dp~
lieia ot insunece ee opon u~ rdnnd er retero premina~ ..bieh m.y be p.~abl. o~ tLe anrella~ion o~ '
terminalion tbereof, duU be pven to etDe~ tiuo tbe Msrtsa{~ escept b~~ pteper endoneenrm af6~ed tn ~urb polie~ ~ad ~pprovcd b~
Mort~see. F.~c6 poliey of iruur~nce ahsll 6~se ai:ed thereto ~ S~aodard 1V~w York MonR.R.~ ~I.~.r Mrilhoul Costribution, ~~~kiaR
~11 low or loae~ aader ~neJ~ p~iie~p~ rble te 16e MoKp~es a ib ialerc~t m~~ ~Ppear. In tbr e~rnt an~ ~um or sam~ of mower bKOm~
p~~able therenader the Mort6altee ~ull bare tbe eptios retei~e ~na Ir ~be woe en ~~~ount of tl~• indcbtednrs~ berebr ~ceurrd.
or to permit ~be Mer1RaR~r t~ receirt ~nd we i~ ar w~ pnt Ilkie~f. ~n~ol tberebr w~i~iwR or imp~irint aw~ eqoit7. lieat or ri~tht
under ~od b~ .inoe of tba mon~Re. Ia eve~t ef 1NS ~r p6~a1 d~a~sRe 1~1t morlp~~ prylrttr t1~t MorlpRpt sIuII pv~ im~nr-
di~te notiee tLete~t b~ m~il to tl~e Mort~asce ~ad tbe M~n~Ree wwy m~ke- proo( ef low i~ thr Mme is e~ m.de pr«nalr b~ ~be t
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~ • BOOK ~~O PACE ~e3~
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