HomeMy WebLinkAbout2548 i * a
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PROVIUED~, ALNAYS, tbat i~ the Mott6a6oe ~hall pay unto the MortRa~ee lhe: iad~bt~lne~s «vi~lenced by a
eertaia praai~wr~ aote o[ ~rWch the follawia6 in wards a~d 6gure~ i~ a irue copy tawit:
Ma~tyops /Yo~. .
: ~':s 13~•00 Miami. Floria, ~ti!'Y~?~ ~ 19 ~
FOR VALUE RECEIVED W~~ ,0~~~ M~~1~~ promisetopay t~
~ to the order o[ ~ $a ?
~he principal sum of ~ ~I.LARS. together with interat ~
~hereon [rom clace ac the rate of ten percent. per annum until maturity. both principal and interesc being payable ~n
la~ful money of the United States at `r03 Roper Building. Miami. Florida. or at such other place as the holden hercof may
designace in writing. Principal and i~tetest payable in installmrnts as tollows:
Thir~-~i~n t i3S.00) Dellas~ y~s sa~~ti, bo~ia~ oa tlr~ 15~b dy ot
~ sil, 19~7• aa~d so~~isuins oa ~ lsi~b d~ ot ~aoh and ~rer7 ~oatti
' t~att~r ut~1i1 yoid is t~tll.
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i This no~e may be prepaid in ~~•hole or in part :~Iter one year Irom the date hereol u~x~n pa~ment of a penalty
i eyuivalent to two percent o! the principal sum prepaid.
~ Each ins[allmenc payment shall be credited fint on ehe interat due, and the remainder on principal: and interat
shall thereupon cease upon the principal so credited.
I The maken and endorsers of this note further agree to waive demand. nocice ot non•paymenc and protest, and
~ in che event cuit shall be brought Eor the collection hereof. or the same has to be collccted upon demand oE an attorney.
co pay reasonable actorney's fees for making such collection.
Defetred payn~enu hereunder ahall b~:u interat at the nte oE ten petcent. per annum from maturity until paid.
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This note is secured by a mortgage of even date-hertwith and is to be constnied and enforced according to the laws
of che State of Florida; upon detault in the paytnent of principal and/or interest when due, the whole sum of principal
I and incerat remaining unpaid shall. at the opuon of the holdets, betome immediately due and payable.
' I,eland A. Thornton ~s~.)
Elsie Thornton ~5~~
and shall perform, comply with and abide by earb and evtsy tbe stipul~tioa~, aEreementa~ conditiom and coveaaat~ o[
said prnmieaory note and of this deed, thea thi~ deed and tbe dute thereby created dull ceue and be nnll and void.
l. The Mortaa6or bercby eoveaant~ and a~roes: ,
(a) To qr dl ~wd wplar tLe pri~eiMl a~ i~tcrut ud N1wr ~~w ~t mwe7 M~.ble br rirtue of Mia prNaiwry awe ~aJ thi~
decd, ~r eit6tq l~P~~7 ~a ~be d~r eayeetird~ tbe ~~ne ~evenll~ bet+ms ~e.
j lb1 To permit, e~mnut or ader w rrwe od to m~intai~ tLe impr~vemeW ~11 tima u•~tue ~f ~o~d sep~ir a~ e~nditiw: ~nd
! te do or pera~it to be ds~e te Nid Preoisa ee~his tWt aiil dter K tir~e t6e re asd rMt~eter et Mia Pre~eK7 ~r in ~n~ r+ay
~ imp~ir or wdkea tbe ~eetrit~ t6is awrtp~e. A~ i~ we the rd~l, ~e~ket ~r iaabiGt~ ~t 1~e llt~rt~K t~ ~e~ir and nui~ui~
~ wid ProP~+17, tbe M~rtp~ee w~7. ~t li~ ~pti~u. wke wcL ~ep~in ~r nMe t~e woe t~ re o~ae. wd ~ra~ce e~ser ia tL~t bcWlt.
~ le) Te p~r dl and ~inin4r tbe u:es, waWneats, levie~, li~biWia. aad ~bliWiw ~f ever~ ~~re N wd iaeribea or~perty e+eb
n W
~nd eveqr ~rha~ dae aed p~pable ~eterdi~~ te larn, be(~e ~Lee~o~e ddiwqneM. ~sd t~ delivu t~ tbe M~rtp~es M~r betore M~reb
l5tb ot aeh ~ar t~: reeeipu evideneins t6e p~~eet ot dl ~+full~ i~opwea taae~ fer t6e ~reeeaie~ alead~r 7rea~: t~ indemaif~ tbe
Mortpsce ~p~n ~ demawd for dl tuei. ~a~menu ud e~r~as tlrt aur be ~wnsea op~w t6is Metp~e ~w tbe iwdcbtedweM ~eenced
bcreb~~ ~nd p~id b~ the mort6al~ee, «itheat reprd io m~ 1~«? beeeui~re . eoaetcd K 6erc~hcr u be ewKted ieP~M P~7~ of t6e
~+bole ~r anr p~rt there~f ~pon thc Mortp~ce. •
(d) To pq ~11 w~ w~4~ t6e eew, e6ar~a ~ad espeaw. i~dudis~ la~r~ees' i«s u~ ~6~tnet ewb reaNS~blr i~cnrred ~rp~ id u
ume b~ i6e Y.rt~,a~ee bceame ot tbe (~ilare ee the part d the 11l~rtppr u pedorm. ~wPl~ wit6 ud sbiae br e~eb ~ad efery i
t6e ~tipulatioas. ~~eee~es~, eonditions and ceveaasu ot wid ~siNOr~ ~te ui t6i~ aeed. ~r eitber, ~wa eveq we~ p~rsest ~11
bar ieterat fn~n due ~t tLe nte of ten per eeetwu per wu~-
tel It ia tart6er e~•eaasied ~od ~Rreed b~ wdp~ riies tLt i~ d~e evewt ~f • snit bci~ iartitWed t~ /~reelMe tii~ mortp~t. 1Lt ~l~et-
p~ee ~bal) be eetitled to ~ppl~ u a~7 tise Peadio~ ne1~ tKecl~re Nit tre eMet Vvi~~ jwi~dicti~w e`et~a( ~K tie ~pp~iel~ent ;
~t ~ reeaver o( ~Il aed sis~r tLe n~~rtp~ed Pr~pe+t7. ari d dl resu. i~~. N~fw. iuYa ~d rerewa ~bere~f. (ns.vVwe~u
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~ource derived; ~nd thcreupon it i• bereb~ 1~ t~ea~ute~ ud ~[r'eed tVt tbe ~trt ~al! f~rt6wi~h ~peiu ~ reeeirer with
t`e wwl powen ud datia of re~eivers ~n I~ca~: a~ ~i qp~i~tmewt ~11 re ~~e b~ t6e ewrt wtter ~f Mrict ri~t ~o
t6e 1N~rtpsee, and ~rit6wt rdercoce t~ the ~deqwer ~r inadap~ef tbe vdne ~t ttie property bueby mertM~ed. sr to ~Le ~olrewer
~r iwl~ene~ ~f the Mertpson or ~nf stber p~rt~ adeadYt M s~e6 wit. The N~rtp(~or baeb~ speeiGeall~ w~iva tLe ri~tht to
.b~ e• d~e .~.isen~aN .t • reeeiver .s at•ns.id .wd tiereb~ a~pwlr e.asesa ~bn we~ .p~.iwa~e~a .b.ll b~ Ol~dt M M~dmitted
Woib ~ad r•~qer of .b..lwe ri~ e• ~ie M.~p~ee .wd ~a ~be woe m.~ be donc «i~6em ..~iee ~he Mor~pi.r.
(f 1 U(~teelosYre pr~ecediwR ~6euld be iwtituted apirt tie /r~pertf e~rered b~ t~i~ ~wenP~c ~w ~w7 a~er Ge~ ~r et~i~a r1~e~Lcr
~C~ l0 ~1E tYptfNf K)rA1K l~ V1! ~~tU O~ f~W ~fl~~Cs t6e M~Ap~ee rwr ~t hu optien imrsediaelr upos iwtitutien ~t wrh
seit ~r daris~ the oewdeser tl~eroo( aeclue dw ~wtp~e a~d dre indcMrdweM ~ees.ed ~ereb~ d~e ~nd p~rbk t~nhrii6 ~wd ~nar
iq ~pti~a rr~ceed t~ t~reclNe tha me~tp~e.
(tl 'lUM tre Mertppr aill keep ol ral ad pees~Mi ~~Vert7 e~w K be~ad~er eweumbrred by ~he lien of thi~ ~n~rtp~e iwwred
a~ au~ be required lr~m time t~ tuee b~ 1be M~etp~ee y~iwM IMS b~ 6re. ~risdn~rn and otber h~s~rds. ~awd~ia ~od ce~ie~teseiea
(•r •~h period. au~ f.r ea la. tL.w •.ei uw.usd .a~ rs ~epi~ed b t~t M~rtp~ee ~ad to W7 Promp~ly rbew dre dl prrmiu~n~
u
t~r ~~ch iwarseee. Tbe wnwu iaan~ee reqMi~e~ h tir 1l~ttp~ee 1 be d~e miaim~e an~uau f~r wrhieb wid i~aur~nr~ dull `
be wrinee ud it ~6a11 be i~eao~best ~pe~ tLe M~t{apt N Mi~uio s~ ~d~itiaMl ia~sneee M mq be necewe7 ts w~ew ~nd coa~pIr i
(dl~ ~ritl~ all e~iawr~wte ~~imwewu e~taiws~ u Mii Mi~s t~ t6t ad 1Wt twe Nid M~rt~ta~~r u nst a csiaw~or ther~under. ~
e
In~an~ce ~1t be writ~ b~ ~ compasj K e~swiw ~i ~r daii~MeJ b~r tLe MKt~ts~eee u~d all li~ie,~ reneMrsb thereot '
~Il be reld b~ t6e MoRp~ee. All deuilsd daipwiw~t6e M~rtp~ wbic6 ~rt ~ceep ed b~ the ~rtp~ee ~wd aU ~~~uesu
~~~u Y~ ~ Y~ttp~ee rel~ti~ t~ iwMer~q~ Nr esiuin~ K~e~e~fter ade, ~tl be ia Mrritis~t asd ~iull be • p~rt of ~hi~
w~~tt ~ fdi~ r~w~h ret fMth rt~Mti~ 6aei~ ~~11 pveew Nt6 ~rtits he~ef~ u~d ~beir neeayw~~ and asipa.
~M
N~ 1~
~wR~it ~M licier ~ iawr~ee ~r ~M w~ ro(aa~ er returo oranimn wbi~h ~nq be p~~abk o~ tLe eanrelluion o~
tu~aiuui~e tbere~f. ~Il 6e prea t~ NLer tLw tw Y~etp~ea. ea b~ rpu eaJ~nemen~ a16:ed ~e sne` p~li~~ ~wd ~ppro~ed b~
u ~
M~~p~, p~~ ~~~11 6~u ~ise~ t4ret~ • rd ~nr Yo.k M~rtp ~(:I~uK ~+itl~~t Co~tribntien, makinR
dl Iw ~r I~r ader nel~ MIie7y a7~bk 1~ tLe M~etp~ r fb i~teeeM m~~ ape~r. Iw ~b? ernM ~n~ wm or wnN d mowry br~om~
Mys`le tbereawder t6e M~rtp~pee ~Il Wve t~e ytiN t~ reeei~re r tl~ Mtae ~n ~owu e~ ~Ae indebtednew hcrwbr ~e~ured, 1
~r 1~ persit tbe Y~etppr t~ rooei~t YM ~ K M~ MR I~ft~I. tbereb~ Mal~~/1~ ~r uop~irisR ~u) eqriq. lirn, K ~i~tht
rader ~ b~ ~irt~e ~1 ~~tP11a Iw erest ~f lw ~r ~i~d d~ws~te te ~he w~nR~lted Vr+~rt~ tbr MonpRw ~iwll Riv~ iwuue•
di~te w~tke tl~esed b~ Mil tbe M~rtp~ee aad tLa YKtp~e iw~ke pr~fR~f Iw if tlK ww~t i~ w~t m•dr pr.mplr b~ ~b~
. . BOOK 164 PAGf 2545 -
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