HomeMy WebLinkAbout2474 PROVIDED~. ALNAYSti ~6at if tbe Mortda~oe ~6aU pay unto the Mort6a6ee the~indebtedaea evideaoe~l by ~
cehai~ promwor~ aote eE ~rbicL the iollorrioa is r?oede and f+6uce~ is a t~ue oopy tdwit: .
/~a~ ~O~ .
~ 7'~50•00 ~~~n;. ~or:i' D~ce~bar 15 ~9 ~
~ FOR VALUE RECEIVED W~• ,0~~~-a~ M~~1~ promisetopay
co ~he order ot A~n~ xOe~D~Td "n w~
~he principal sum of O - 1iWIId 'I'j1Mf K1~dr~A F'it~r nnd DOLI.ARS. together with interest;
ihereon trom clace at the nce oE cen percent. per annum until maturity. both principal and incerac being payable in'
lawEul money of the Unitcd States ac 203 Roper Building. Miami, Florida. or at such other place u the t.alden hereoE may~
designate in writing. Ptincipal and interat payablt in iastallmtat~ follows:
Aiity (;:g0.00) .1o11arA psr eoatb~ b~airmiag oa ttie 15th d~ ot
Vebrva , 196?, ~ad contianfng oa th~ 15th diyr of ouvh end over~ '
~
month ~~rsa!'ter un~il p~id in t'u].l. ~ _
~
1
~ 'I'his note may be prepaid in ~~hole or in part a[ter one year Irom the date hereo( upon payment of a ~~enalty
! equivalent to tNO percent ot the pri~cipal sum prepaid
' Each installment payment shall be uedited firu on the interat due, and the remainder on principal: and incerat
j shatl thereupon cease upon ehe prindpal so credited.
The makers and endorsers of this note furthar agrte to w~aive demand. notice of non-payment and protest. and
~ in che event cuit shall be brought Eor the collection herrof. oz the same has to be collected upon demand of an atcorney.
co pay reaso~iabk attorney's fees for making such rnllection.
DeEerred payments hereunder shall bear interest at the nte of ten percent. per annum from maturity until paid.~
~ This note is secured by a mortgap,e of evtn date herewith and is to be construed and enforced according to the la
f of che State oE Florida; upon default in the payment of prinapal and/or interest when due. the whole sum of prinapa~ _
; ancl interat remaining unpaid shall, at the ophon of the holdezs, betome isnmediately due and payable. . ~
v ~ rZn ~ - ~ rli ~ n } ~ ~ (J~AL,
~ , r,..,
Y v 1= : ~ _ (SEAI,~ •
and shall perform, complr ~vith and abide by eacb ~ad evecy t6e stipnlatiow~ agtreemenu, oonditions and oove~ants of
eaid prnmissory note and uf this deed, t6en this deed and the estate thereby created slu~ll eeaae and be nnll and void.
1. The Mort~or benby oovmants md aaroe~: f
To pq dl ud ~iaplar tbe pri~eipd md iaterat ad ~11wr ~~t ~~ns7 Pq~We r~ ~i~tue ~f wid ~rwai~wq svte ud tru
deed, sr u~Ler. p~..p~l~ oe ~Le dn. ~i•d~ ~e woe .e..r.ll~ bee.me~ ~e.
tL ~L
I~ tb) To pe~iy e~mmit or w[er n~ waste ud u mai~ai~ ~ie iop~+vemew ~t aU timu u• at~te ~f p~d repair ~i e~sditi~a; ~ad
~ to de or peanit 1o be dooe t~ wid ~emi~a mt6u` iLu'~+ill aker K ehu~e tbe we ~ed ehataeter o( wa pr~at~ ~r in ~s~ aar
imp~ir or wakea t6e ~ceuit~ ~t tbin as~rtp~e. And ie ca~e d t!e setwl, aesleet ~r is~bilit~ of tbe D[«rtppr u~ir ~ad ayiwi~
wid ProP~7. tbe l[~rt~~ee ~7. ~t 6i~ pti~w. ~ke areL rep~ro ~r dwe t6e sKee b be m~ae, a~d s~raaee a~ne~s io t~t bc~ali.
te) To pq dl asd ~in~ular ihe wces. awawcab. le~ia. l:rbilitica. and ~bliptioa~ ~f ererp ~re M~ ie~eribea prpcrt7 ac6
~Y
and e~eqr Mr6ea doe ~sd p~~aWe ~rdis~ te la~r, bdwe ~Lceoo~e dclipae~t. ~ed te ~Idiv~ee t~ t6e 1[~tpfee ~~r befere ]4reh
15t6 ot ach leu tu ruei eridcaeiws ~Le p~~eat ~i ~11 nll~ i~opN~ed wces for tbe preeeio~ ak~r Yeu: t~ isdemeif~ tbe
pt~ e
Mwtpsee np~a !w demsad for all tue~, a~meuts asa mup t~t wr bt ~t~sed op~w tLi~ Metp~e ~w tbe iedebtedaea ~eenred
6erebr. and p.:d br ~Le mo~E.Ree. withom reprd t~ aa~ l~w herasf~re eaaeted or 6ereaher t~ be ereted i~p~ais~ P~7s~e~t a( tbe
.rheie ~r a?y p~rt tbere~f rpoa the M•vtaiK-
(d) To p.~ .u .oa ~ ~«u, ..a a~..~., ~.a~a~s r«, ..a .b.~~ ~.w K~....by ~.~a .~pua
~o~ tioe b~ tbe Y.rcp~ee bea~ue d ibe f~;lare .e tbe put ~t t6e 11d.rtp~~r a pcdo+m. e~oPl~ .ri~6 ~ abiac b~ e~cb aad e.ery
t6e uipulatios~„ ttreemean, eonditions md c~veaMw ~f ~aid }n~i~~ aote ud t6is aced. K eit6er, ua ereq wc` P~7~oc~t ~hdl
bear inte~t tr~m due at t4e rate ~f tea per ctetmn per wws.
(e) It u fartber co~eo~sted asd ~Feed 6~ ~u"d p~rties tL~t iu t6e evewt ~f a snit beia6 irtituted q 1~cee1«e t~i~ mortp~e, tbe ~brt-
p~ee ~11 be eatitlcd te ~ppl~ at u~ tiae pead~s~ ~+e6 [~~+c+e wit t~ tbe ee~rt 1~wi~i jori~dieti~e e~er«t ~or t~e ~pp~i~
d a r«ei~u ot dl ~sd sisplar ~6e m~rtp~cd pr+P~ct7. ~oi dl reau. isc~ses. Pr+Sb. i~ ~wd rertwoa tbet~e~, trov aiw~e~er
waree derired; and t6ereupon it i~ busb7 e:p~as17 e~~ ~sd a~~eed tLu tLe 4not ~11 ~~rtb~?i~6 appoi~t s~eh reai~?er with
tbe a~oal po~ren ud dotia ef reeeivers iw like eMa: ~i ~~pp~i~tme~R ~6d1 6e ~ae b~ t6e cNrt ~s ~ m~eta of ~triet ri~t to
t6e ~[~rtP[te. aod ~rit6~ut rderence te tLe aieqnair ~r ia~deqo~er of tbe valoe ~t tbe p~~pert~ 6ereby mort~~ed. ~r to 1be wl~~
~r iw~l~eae~ of tbe Mortpsors or ury~ ~tber p~rt~ deteodut » soe6 wit. Tl~e ~I~rtPSor bereb7 ~peei6nllp w~i~ra t6e risM t~
.bna a~be apyoia~eac •~eee;ver Jore.aid .wd Leeeb~ apre..lr c.tie.~ d~ac ..e~ app~intment ~bdl be made ai an ~d~nined :
eqni4 ud a~ a o~ner o( ~lote ri~t t~ tbe M~rt~~ee ~sd tL~t tbie s~e~e ma~ be done ~vithwt Ntiee t~ the !/Ktp~K.
I~ (orecl~s~re pr~oeedin~ ~dd be ianituted ~pirt tie pertr corered b~ t6i~ m~rtVR ~oe ~r ether 6ee or c4ia~ nbqbe~ ~
alle~ed to be superior or jenior to tLe lieo af t~ua en~rtp~e. ~Nortp6a ms7 ~t 6u optioe immediMelr upon iouitution d we6
~ wit er dwies the peadeae~ t6ereof decl~re tlw ~aortp~e a~ ttie indebted~as ~red tiereb~ doe ~nd p~rbk f~rth~rit6 ~wd ~w~ n
ib ~ptioo prxeed to foredpe t~ mortpse.
Tb~t tbe ]Iiortppr .vil! keep all ral aad per~wl pr~per4 uv~+ oc bereJur e~cumbered b~ the lien o~ ~6is ~n~rt~~e imured
mar be reyn;red from ua~ ~o wse by ~be Yer+a•~ee apiu.~ t«. b~ 6rr. ~riadsto~ and otl~er 6wrds, cawaltia aed eontin6e~cies
(~r sreh periodi a~d fer not lea tb~e ~eeb a~n~~mt~ r~ k rq~ired br t6e Mort~a~ee aod to W7 Promptl~ v+6ee dne all preminm~
f~r .uch iu~nrance. 1~e ~oenn4 oI iosaraaee reqrirea L7 tL~ 1lortP6a ~b~l~ 6e ~bt midm~n ~"ounu fer ahieh wid i~uor~nee ~U
u~
be r+riaeo and it s6d1 be iwconsbest apo~ tLe 1/~tppr t~ Mi~lais s~ ~dditiwNl iosv~sce a~ m~~ be necewr7 to meet ~nd co~upIr
fdl~ wi~6 dl teiawrseoe req~ire4enu cwtai~ed ia ~ Mlieies t~ tLe ead 1Lst tbe wid Mottp~~r u not ~ taiaanror therennder.
ee
Inoranee sLdl' be .?rine. br • coopa~j ~r e~aie~ ~p*n~re~ K dai~ted br ttie M~rtp~ee uid al! lieie~ ~nd rene~r~4 thcreo(
~iall be ~eld b~ tbe 1[secp~ee. All det~ika daipaiw b~ 1Le M~rtppt whicb ~ce~e~t
ed b~ the ~~~e ~wd ~~e~~eou
betwees M~rtp~ rd Y~rtp~ee rdaRi~~ t~ iw~ee, Mw eiitin~ ~r bere~(ta made. ~U be in wrri~inR ~sd ~baU be a p~rt o( thi~ :
~oertp~e aRe~se~t a~ fall~ ~ t~w~6 ~et f~rt6 ~erruit~ ~ wd ~11 p~ bot6 p~rties beret~ ~nd tbeir wccawn aod asipr. f
Nl~ liea opew ~s7 ~1 widp~
I~eie~ ~f iown~ee K~~ ~s~ rd~nd x retnrs premiam w6ieh a.q be p~~abk e~ tLe uneelLtioa or ;
~ te~oinatioe tbere~f. ~6e11 be pres t~ et4r thae tLe Nartp~w cep b7~p~~per endone~ ~ised t~ ~oe~ polie~ ~ad ~pprored b~
Mortp~ee. Er~ rlie7 ~f iw~~n~ ~6~I1 La+C~ aised t~r« ¦ S1~nd~rd Tle~ York M~rt~s6ee Clawe r?itbo~t Co~tribnties, makia~t
dl Iwr or l~e~ ~nder n~L y~1ie7p~
7~able t~ tbe Y~rtp/es a~ ib iwtee~t msr ~Ppear. In tbe event ~n ww o? sams d moser bKO~ae
Wnbk tbereaaaer tbe M~rtp~pee ~11 6~ve t6e ~ptiw t~ reeei~e and~p1 ~ tbe wa~e sn ~ouat e( ~ indebtedea~ huebr ~ecured,
p
ar t~ permit tLe Y~rtppr t~ recei~e ud rse it, ~r W p~rt d~ere~l. wittioot ~bereb~ ~si~in~ K i~opairis u7 eqait7. lieu~ or ri~ht
aoder ~3 b~ ~ritt~e ~t tiie oortp/e. Iw e~reot ~f lw K~7~ira1 dnua`e to the m~rtlt~~ed ~r~eri7 tbe ~ort~`or shall ~ve iwet-
di~te a~tke trere~f b~ wil t~ tLe M~ttp~se and tie N~rtppe wr m~ke prwt ~f 1~ it tbe wwe i~ ~ot m.de pr.mpily br ~be
' ' BOOK 1~~ PAGE 7~, . '
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II .
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