HomeMy WebLinkAbout2151 . ' j t i + . . ,
PROVIDTU, ALNAYS`, tbat i~ t6e Mortpsor shaU pay ueto• the MovtRaaee the ind~htalneee «vi~lenced by a
oertais pro~ai«~or~ noee ot wWch ths follawiaa is word~ and figures is a true copy to•wit: !
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Mo~~yoy. No~.
S__62~'~ Miami. Florida Febru~'y 11 19 6'T
FOR VALUE RECEIVED W9 ~~03]ltly 8IId e@Veretl7.y _promisetoF,ay
'<<~ ihc orcicr o[ Se~OLtr F'Y` @II - !
~hc principal sum oE SfX Thousand Two~ Hundred Fifty 811d NO/~nLi.ARS, togcthcr wiih interest u
~I~ereon (rom elate at the rate oE ten ~xrcent. ~er annum until maturily. both ptincipal and interest being payable in
I:~~•[ul money ot the U~ited Scates ac '~IIY Roper Building. Miuai. Florida. or at such oeher place as the hulders hereot may
~iesignace in writi~g. Principal and interest payable in insuliments as follows:
Seventy-Five (#~75.00) Dollars per month, for fifty-nine (59) consecutive
months, on the lsth da~ of each and every month beginning on the 15th
datiy of April, 196~, and continuing until the 15th d~y of March, 19?2 at
which time the balance shall become due and p~yable.
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"I'his note may I~e ~~re~wid in ~eh~,le or in ~~art after unr year Iro~u thr d:~te here~~l u~wn ~,:~yment c~t a ~,enaity
eyuivatent eo two ~~erce~~t u[ the priuci~i sum prep•rid.
' Each installment payment shall be credited first on the interest due. and the remainder on ~~rincipal; and interest
shall thereupon cease upon the prindpal so credieed.
The makers and endorsen of this note further agree to waive demand, notice oE non-payment and protest. and
in che event ~uit shall be brought Eor the collection hereof. or the same hu to be collected upon demand of an attorney,
co pay reasonable atcorney's fees for making such rnllection. -
' Deferred payments hereunder shall btu interat at the rate oE ten percent. per annum Irom maturity until paid.
' This note is secured by a mortgage of evSp date herewith and is to be construed and entorced according to the laws
~ of ehe State of Florida; upon default in the payment of principal and/or intemt when due. the whole sum of principal
ancl interest remaining unpaid shall. at the option of the holdets, betome uamediately due and payable.
( Israel Patteraon ~s~.)
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~ ~nma Wilson Patterson ~sEAi.)
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and shall perform, complr .~?:th .nd ab:d~ by ~.cb ~d e~?uuy ehe wpui.~;~.. aR[~eemtnt~. coodit~ons aD~l covwant~ oI
eaid promissory note and of thia deed, t6en this deed ~nd the utate thereby created ~1u11 ceaae and be null and void.
I. The Mort6aaor henbr covenanL and a6ree~:
To p.~ all ~ad siwptlar tLe ptiaeipl ~sd iaterat od MMr d owef P~7~k br ~ietue ot ~id ~c«nweq nute ~aJ ~bi~
' deed, or eitLer. P~pP~7 00 ~ dn. ~~•dr ~ w¦e .e.a.It~ bsc.~ea d.e.
~ Ibl To permit, e~mmit er ndu o~ wrute ~sd to m.iaui~ t6e impr~re~w ~t dl tises is • N~tt ~t p~d rep~ir wi e~nditi~n; ~ad
~ to do or per*nit to be deoe te said premi~a sothie4 tL~t ~+ill ~Iter ~r e~~e t6e Me a~ ~lrrae~ee of wid pr~pett~ ~r in an~ ~+ay
imp~ir or we~kea tbe ~eesrit~ ~f 1Li~ ~ertp~e. And i~ wt ~t d~e ~fral. ~e[leet K is~`ilit~r ~f t~e M~Aps~r t~ rep~ir ~ud o+aiw~a
~ wid propert~. tb~ 1~~i~~ u~~M. w~ke Ncti +prn ~r u~e ILe woe N be ~~ie. a~ ~Ar~wce aNae7~ ie tL~t be6dt.
~ (e) To pq all .sd .in~lar i6e ases, a..awe~., 1e•;a. 1i.Wliiie+. asi-.b4paw .t ~r..n•re ..ii ~.e~bea rrwenr neh
•OI~ !~t[r MblO dYt iAd ~Ji~~t ~ttMdlAs l0 I~M~ bdKe ~6ee~me dclipYe~t, ~sd t~ ~elive~ u tl~e M~rtp~ee ~r before Marc6
~ 15th ot e~dr ~e~r ux rae~pu evidentins tbt p~Ta~t~t ef dl ~uy :tipe.~ s~e. rK d~e ~.s e.k.a.~ re.~; t~ iedemsi~y ~e
Mon~.sce npoa Iw demaod ~or all tua. waQnents ud ebsr~a t~t owr. be awnse~ ~yew ti~is Metp~e w die i~eMedweM ~ecarcd
6ereb~, md p~id b~ tbe mort6aRee. erithoat rtprd ts ~n~ lev+ Leeet~i~re emetcd ~r ber~~fter N`e e~ted i~pNie~ M7meet o( t6e ;
~vlwle ~r ae~ p~rt tbt~f ~poe the MKtp~te.
(d) T~ p~~ dl ud ~inpLr t6e e~w. eiar~a ud espwe~, i~dedis~ l~wpen' tca ~~b~tratt cwu rea~wbl~ i~enrred ~rp~ id ~t
aa~ tise b~ t6e 1[~rtp~ee beeawe ot tl~e (~ilore w t6e part ~f ~6e lld~rtppr t~ pedo+~s. ewPl~ wi~L ua ~biJe by ae6 ~ad ereryr
tbe uipulatious. ~geemew, eonditiaa ~ed e~vee~su of aid ~e~wiwoe~ ~ete.~ tLis ~eed. ~r eitber. ~ ererr aeL p~roeet ~6d1
ba~ i~ereM fnm d~te ~t tLe nte ot ~ee per cestwn per ~~u~- "
le) It u tnr~her e~.en~ued .nd ~Rreed b~ ~uap rtin t~t ia d~e evcat ~f ~ snit bei~ irtitwed t~ f~reelNe t~ morys~e. tLe-il~et-
psee .6.11 be eotided t• appl~ .c tise peadin~ ..eb t.eed.wee ~.it t• tre c..rt r..i~~ j.ri~ieti.~ eier~e~t tor tre pP«srnn
~1 • reeeirer ef all ~sd ria~alar t6e o~rtP~ P~~il. ~si d~11 eewu. i~e~e~. lr~6Y+ iw~a~ ~ teva~ra ~6ere~t. ~+irwe~u
wone derived; wd ~6creupon it i~ bucb! e:praa~7 e~~~ a~d a~reea tYt tLe C~a~t idl f~rtin+itb ap~i~t neei~ «rid~ ~
t6e a~wl por?en uNi d~tia o( reeeiven iw like e~w: a~ MN pMi~tAaN ~Wl tie Mie b~ d~e ewet a~ ~ w~ttec ~iet ri~t to
w
tbe Mort~~ee, ~nd writboot rcfercnee te tLe ~aequaer ~r is.de~.es i6e ~d~e .t ~~.pee~ be~ebr w.~~.~d. er e. ~.e~.ewcr
ee, ~
K iwlvesc~ ~f tLe 111~etpson or ~n7 ~tbcr P~rt7 ~e(esd~R M~~ch suit. The Ul~stp~tor hereb~ sPeei6nlly waira tie ri~tM to
n
~jeet t~ t~e apMintme~t ~f a receiver ~s dorwid ~d 6ereb7 aarwll eMSeet~ t1~t ~seL ~~iata~em ~6511 br nyde M aa ~d~witted
Wri4 ~ r~ autter ~t ~bMlrte riRbi t~ tfe M~rtp~ee rd t~q tbe wne au~ be done «ritrw~ ~Nite t~ ~he M~rtpp?.
((t I( (orcclwan pneeedin=s ~dd be ie~tituted ~pirt tie ~pc ~1~' l~Y~ta b1 I~N aN'lP« ~OI~ N] OIIIlf I!!A M tl~~ M~t +
aDe~ed to be superi~r ~r j~nior to the lien ot dw M+sp~e, tbe 1d~rtp~ee ms7 ~t !~u ~W~on iw~~nedi~te~7 ~a iauitutia•~ ~f web
' wit er dnrin~ tl~e peadcae7 tLereo~ aeelare dw ~~rtp~e ~ tLe indeb~edeess .ee.red rerebr due .wd p.~.bk I.r~h~i~h •wd w~r ~t
iq ~pti~a rr~ceed a t•rcd«e dw mortpee.
~ ~rill k ~11 ral aad aw u 6ere~fter escumbered b~ the licn of tl~is rn~rtp~e iawred
~ (L) 17nt tLe N~rtPpr aP V«~~ P~~P~+V
~ ~ wy~ be reqwred tws tis~e t~ w~e bp tbe M~tfa~ee apiait M~s b7 ire. ~riebt~ ~sd ahcr Auards. n~wltie~ and c~ntinRe~eia
f~r aueh perioi a~ fK ~wt len t6~w sac6 ww~n a~ ~ re eqw~ b~r _tbe M~rtp~ee u~ t~ W7 Promptlr whew dre sll prrmi~un~
~ ~ for ~Yel~ inw»~ca 1Le ~we~wu oi in~oruce teq~irea bf t~e ti~etP~et Wull be the miai~a~w ~o~nu (~r nhieh wid iwunnr~ shall
be w~ritaw ua it ~Ldl be i~e~beet ~M tLe Y~etp~ ta ~i~ sneL ~itiwl ies~utwee ~ sy be necea~atp to ~eeet ~nd ~on~ply
~dl~ ~rith all e?iw~n~e ~eqein~ewu ceMaiwea n~ wa Mlkir u tbe e~ t6~t t4 Nid M~rtppr iu nN • rainw~or tber~uodr~.
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~Imurasee ~It be ~rrittew b~ • coepass K~y~~ daip~ted br t`e M~rtp~ee and sllp~ li~iea ~sd nnerrds thereo[
a ~WI be ~cla b~ tLe M«tp~ee. All deuilea ~asip~ti~ b~ tbe M~nppr wbieb ~re~ee~pted b~ ~hr M~np~ee ~wd dl •~~ueeu
6etrr~ew MKtp~or ~ Y~rtppe re1~tI~t t~ i~e~c~ ~ e~in~ K 6ereJ~er sade. ~U be is ..ri~iaR aed ~11 be ~ psst. of tlw
w~rtp~e ~~seat r/atiy r trw~b ~et f~ti rertiait~ beseiw ~~11 p~erw b~eti ~rties iKret~ ~nd tbeir neee~wn ~nd asi~.
~ Ne lies ye~ ~a7 ~ widM
lieier i~ee ~t ~s M7 relond er return p~ew~imw r+bi~h aur be p~~~bk N tLe ~~nrel4iiow er ~
te~eiaNiew tl~ee~e~f. ~U 6e p~a~ t~ ~t tbn ti~ Y~etp~ee. 6~~ ~per endersenKwl ~ited t~ we` Polit~ wd ~Pproved bf
MeAp/ee. E~t~ Mlief ~f iwwtMK ~11 6~t~ ~Se~ ~ieret~ •~d l~l~w York MNtp~ l:l~uK witlNW CoMribrtie0. m~kinR
•1l 1..~ ~r I.Mas ~w~ ..ei *.lie~ r7-~bk t• t~e M~tp~ M W i.eerat a/par. Iw t6r erMt ~n~ aun er sona d mower b~~omr
wnble ~be.~•wae. ~i~a M.re~Ree ~11 Vre t6e ~ptiw t~ reeeire s~daPp1r tbe ~nse M~eunt ~f tfK indcbtedw~w I+erwbr ~o?rd, .
ar 1~ persit /be Y~e1pp~ t~ KYG~/! ~~0 tl~ K Mr p~t d~er~~/. rritM~1 t6ereb~ w~i~iwR K irnp~itiwR ~~l e~hl. lirur ~r ri~thl
~nder a~ b~ vittre ~t t~L aKtpllc. I~ ere~l ~f Iw K p~7siral d~au~oe te ~he w~~etlnlled Vr~K~7 tbt Mon~Ror ~hall ~ve iwunr-
di~te n~tlee dwra+l b w~il a d~e M.r~p~ee .wd d~e Y.r~pR.e My make proef ~1 Iw if tlK ~an~M i~ Nt msdr ~«npd~ b~ ~be
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~ ~ 800K164 PACE~~4~ -
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