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HomeMy WebLinkAbout1120 ~ ~ S ~ • ~ } .a~ PROV1Ul'sD. ALMIAYSr tbat i~ tbe Mortaasor ~ha11 pay unto the MortRa~ee lhe iad~btedneN ~~idtaeed br a oeetsia prani~w' aote a[ ~rttich the ~ollowis` is word~ ~nd figura i~ ~ true eopr tawit: _ i /~/~~O9s No~i s.~4g0.00 ~io~eaber 2'S ~9 6 Miatai. Flotidz I FuN ~':1t.t~E ttF:t:hl~~N:U ~0• .~O1nZ1Y und Yrrel`allJ pn~ne~~• tu µyY ~ tu lh~• urdrr uf J03'~'~ L• ~F~$ ~ ~ t6~• pri~ici~?~I ~wn uf ry u Olt~''~ ~a ~ U1.1.~1H~. tugrtla•r witb int~•n••t ~ ~hrn•un fn?m dat~• uf th~~ rate of tr.n ~N~rcrnt, p~•r anuun~ unW malutily. lwth prin~•i~wi and intcn••t bri~~ payal~lr in laM lul munr~ , ~~f t6~• l~nit~~d ~tat~~ at 'I...''•~ tie~•ayn~• lsh~d_. \liami, hlurida, u~ ~t ~u~•h oll~~•r pl~•r a_• thc I~ulcl~•n hcnY~f ma~• dr.ignat~~ in ariti~~. ~ ~ Prin~~i~?a) and intrn~t payabl~ in in+talin~~•~ta a., [ullu~.: I CnQ-Hunarea~4:200.00) Bollara per sont~, be~iuain~ on the l;~t~~ ~:y of ' ~T~n~1~, 1968, and ooatinuing ca tt~ l;th d~ ot •uah aaQ sreiy? a~nLh I thereei~Pr until paid in f'ull. i This note may be prepeid in ~~hole or in ~r.+rt alter one ytar from the clrte hereof u~~on payment of a penalty ~ eyuivalent to- two perre~t ot the principal sum prepaid. Each installment payment shall be credited [int on the interat due. and the reraainder on principal: and intenst shall thenupon cease upon the princip~l so credited. The maken and endorsers o[ this note further agroe to ~vaive demand. notice oE non•paymenc and protest. and in ehe event cuit shall be brought for the collation heteof. or the same hu to be colleceed upon demand of an actorney. co pay reasonable attorney's fees for making such rnllectioa. j ~ I _Defrrred papments hereunda shall btar intaat at the nte oE ten pacent. per annum irom maturity until paid E This note is secured by a mongage oE e~en date here~vith aad is to be conswed and enforced according to the la of che Scace of Florida; upon defaulc in the papment of prindpal and/or interest when due. the whole sum of prind ~ and inc~rest remaining uapaid shall. at che opuon ot the holdas, becoan~ immediately due and payable. 3 Jack I.ee (SEAI.~ ~ Prepared by Spieterlk Tendrich. Attomeys. S'dZ~ah E• JJGe ~SE~.~ ~ 2240 Biscayne Btvd.. Miami. Florida snd ~hall Per(orm, cumply with and abide by e~ch and evuy ihe ~tipulatioa~. aRert~ntnu. tooditiont aud ooveaant~ o[ saiJ promissorv natr and of this deed. then ihis dred •nd the est~te therebr erealyd ~hall eea~e a,d bt null an~ ~oid. 1. The ~~ortRaaor 6rreby covenrata and a6ree~: 1~) 1'o p~~ ~It ~nd an~ul~r ~Ae pri~cipal ~od imcrdt ~ad ~~hs ~rau ~f o~~er M7~Ne b7 •ie~ue ef ~id ~t«oiwr~ ewe ~aJ t~i~ ~i decJ. or e~tLer. P~omp11~ sn thc d~7~ respec~ivrl~ d~e ~e ~evenll~ bet~wer dre. ~ 1 b 1 To Pe~~t. e~ma~it or ~u[er o~ r+ute ~sd td m~inuia tbe ~mprsvrme~ts dl tien u• sute ~wd tep~u r/ c~ndiu~~; aad ~o do o~ pcr*mi be done to Mid premisa a~thiu~ t6~t ril! dttr or cL~s~e tbe we u~ r6~r~ttet d riJ ~rNest~ ~r ia ~n~ rr~~ ~mp~ir or r+eakcn tl~e ~cc~ritr ef ~6ir mon~aRe. And iw e~~e ot t~e r~tus~l, se~l~et or iaabilil~ d t6t MKtppr N rq~~r ~sd eyi~u~~ u~d pr°pertl. t6e ll~r~~eice wa7. ~t `is eqion. make ~rc6 ~ep~irs er uwe tbe wwt t~ k w~e. aw~ a/~~ntt Mwen iw tirt dei~U` 1 c 1 T~ pay all and ~~n~ulat the tases, awewnenu, Icvia, liabilitia, ~ed obliptiow~ d erer~ rtr+e M MiJ iaeri~ ~t~Pcrtr eKh •nJ everp ~rheo duc ~nd pa~al~le aceordinR ~o lar+, be/ore t~e~ becoo~e delipue~t~ ~ad t~ ~eli~ t~ 1Fe YM1p~se M K~ef~re M~rch lS~h of each ~car uY rc~e~pu e~~dn+cm6 t6e p~yment ol all lawr(uN~ ~moe~ed ~ues for ~be ~ceeedi~ e~k~dv 7ex: t~ iwderow~f7 J~ Mort~~~ee ap~n hi~ dem~nd for ail t~ea, wcrmeou ~wJ c6~s~s i6N ou7r be ~s~pseJ ~w t~i~ s~rl~~t ~w t~t i~~~td~e+~ ~ecrted h~rebr, ~nd p~id b~ d~e mortRa~t«, wl~lhout tc~d ~o ~nr Iar 6erel~fert ewtttd or hert~~tr? I~ ~e t~~ttd i~i~ M7~M ..hole ~r ~nr p~n ~heresf upon ~h~ MorlR~~et. tdl To pa! dl and ~iwRnl~r t6e cw~s, ~lurRd ~od ezpee~es. >~dudi~~ law~tri fep ~~b~tr~ct c~ ~eww~blj i~ev~eJ ~r p~ia sn~ ti~ne b~ ~6e blortp`ee bec~usr o( ~he (~ilure on tbe p~rt ~f the N~rtp~~r t~ Per~.r~e. e...plr ..i~ .wie b~ ..~b ud every tbe ~tipuln~ous, ~6reemeeu, tond~~~on~ ¦nd ~ove~unu of wid Pwr~iNOry n~te ~ tiw ~et~. ~r eii~et. ~~d t~ery eYt` M~ert ~)I be~t interest from d~te ~t ~he r~te of t~n per cen~um per anmvn le) it i~ (urtAer torenanted ~ad •Ereed 6r s~id p~rtie~ tdt i~ tl~e ev~nt e( a suit ~ti~E iwMitwcd /KedNe t`ii w~etr~e. tie a1Kt- PiK ~11 be aetitl~d te apl~ ~t ~s~ tust pendiuR ~oe6 (~rtd~wre wif d~e eNrt irw~ jw~e~~w e~eewt 1w 14 ~~iwewl ~ rccei~cr o( ~ll aad ~isp4r ~Le monp~cd propenr. uaa d~Il rent~. iac~w. /e'~iY. iMw~ W~'sre~rta 1`en~f. fn~ ~Y~ever wu~ce deri~ed: ~nd t6e~eupon i~ ii hcr~b~ eaprewl~ e~~e~utea ~sd •~reed tWt t4 Cwrt ~11 /~IL~i1L yMiM wtl~ trcei~rer ~i~ t6e ~wl poren ~sd duuee ot rerei.en in like e~n: ~aJ ~id ~y~iw~a~en1 ~U `t ~~e tbe e~wt r~ rtlet ~f Mriet ri~IM te tbe Mortpsee, ~nd w~~bout refrrcnce to the ~deau~c~ e~ ~wdeqo~c~ of tbe vdue 1Lt pthert7 I~e`r w~rtp~ed. N t~ tl~t Nl~ency . iw»Iv.ncr of 1l~e MnrtP6oc• or ~n~ other p~r+~ defead~N t~ ~uch su~t. The !1[~rlpRet `uei7 peti~eillr w~i~a 1~e ti~,h~ ~bj~et t~ the ~p~iotmeet • reeei.er dorew~d ~nd 6ereb~ aprewly c~mewb tlwt qe~ y/~iwt~tM ~Il ?e w~t M ew admaued qait~ ~nd a~ ¦ autter of sbwl~tte riRh~ te tbe ~Nlsrtp~ee ~nd tVt ~I+e wnt ~w) be dowt ri11M~~ Ntitt t~ the ~lktps~r- Il l I( (~re~loture preceedinp ~heuld be imti~uted ~pia~t lie /r~pcrt~ t+vsred b~ t`i~ ~w~rtp~e ah N~ litw a ebqw ar4lLer ~lle~sd ~o Ae a~perior or jnnior tn the t~en o( tAi~ rn~frtp~e, tbe M~np~te AN7 bii ~Oli~w iw~wtai~ttlr iwni~Wi~w ~f wrh wit or d~.~es ehe peedener thercof detlare thi~ ~oor~p~e ~nd ~r ind~b~edweM ~err~ed 6etes~ d~e ~wA M„We Iktlwit6 ~w~ w~~r ~t iu ~Ptioo Pr~cred to f~rerlae ~hw n~onpRt 1~1 77ut tbc Mon~pr .+ill keep ol real ~nd persead Vropertr nsv ber~Jter ewcv~b«ed b~ IA~ liew ol ~hi~ w~srtp~e ~w~~rea ~ nw~ be nq~~red ~rom time to ~une b~ the Monp~ec ~wnN {NS S~ ire. v.indu~rn ~ad ~tbr~ lys~rds, ~~wdt~n ~wd ~~~n~e~c~~~ t~r ~~teb peried~ snd fo? na Iw tlun suc6 •mwwu o.~ re reqn~.ed br d+r M.r~~.~ee ~nd t~ M1 !«MN~f `~~w dre dl p~~m~~un~ f~~ ~~c6 ins~ruxe. Tbe a+s~ount~ ot i~nr..cc «oa~rea b~ ~Le i~[..+~.~ee sh~ll be tht a~iaimrw uw~~nu t~r ah~~b w~A ~w~~r~M~ ~l~all be ~.riucw ~sd i~ ~ball be iseuo~bees ~~s t`e,M~ttppt t~ ssiwin ~urh ~dditiwl ~m~r~ace M ros~ be wecewn t~ w~trt •nd ~ow~pl~ tell~ r~~A aU c~iwwnwce reqa~reencnt~ coN~ioed ~n Mid ~lieia~ t~ tl~t ewd 16at tbe ~~d M~rtppr i~ wN • taiwwrsr tMr~undrr iw~or~ace ~tt be ~rriucn b~ • eompan~ ~r com~n~a~ ~/po~~d K da~~.ued br the M~np~ee N.d ellp~?I~t~a ~wd renc~~b tA~r~of ~0 be ~ela b~ tl~e Mon~s~ee_ All deu~led daipw~i•w~ b~ ~br A~Ior~ppr ~b~r6 •te ~cce~ ei br ~Ae M«tM~ w/ all •Rt~~A.cnu ~*~ew M~rtp~o? ~ Y~rtp~ee rel~tinR i~nwea. Nr Kiun~ K I~ere~f~tr en~de. ~MII 6t iw ~.n~~w~ ~~MII 4~ Mr~ ~f ~M~ ~~~1~at ~~?!~1[III M~YII1 Y IINV~h ~et (~nh .erb~tiw-l~enin ~nd ~lull ~o•erw Md? a~ti~s l~ere~~ ~wd ~tieir w~cw~s ~nd uurw~ 1V~ liew sMn ~w~ ~sid p~licie~ of ~tiur~~et or oNw o~ re(und or rNUrn prtn~~um ..h~rA n~.r b~ o.rable a 1k ~~Mell~~~ew •r fena~wau~w thercd, ~ul) be Rirca t~ et`er ilww tLe M~etppe, ~a~ep~ br P..~~ ~~.~er.c~.M •~sed a.~ ~.Ii~~ ud ~~reved b~ Mortp~ee. E~c~ Mlic~ ol ias~r~ncc Jwll It~e ~~:ed tberde • Jt~nd~rd !~rw York !M~r?p~te? l~l~wr rid»M CNtn6rt~~w, e~~k~nR dl Iw~ Iw~a aader ~uch Mlir>y~ >.ble ~b~ Mortp~ ~ iu interrrt m~~ ~Ppe~~. In ~M ~~rm ~s ww~ N wwN ~wawr) a.rom~ p~fable the~eonder tAe M~rtpRee ~1u1) lu•e tbe ~ot~N t~ eecei+e ~ed ~apl~ ~l~t waK ~w ~~~oww~ d ~w~eMeieN ~er~lry ~vr~A. ~r perw~it ~Ae M~rtRs~N to rece~~e ud we i~. ~w~ p~rt tbre~f~ ~I~IMY1 ~Atrcb~ ~.~~v~ns K~wMuiw~ r! e~wy. lw ~r n~M ~nder snd br ri~l~e d 1b~ wonpRe. In •~~m ~1 iw ~t ~r~r~l d~n~~~~ ~h~ ~w.np~oed o~~~t~ dw M.nw~K ~Iyll ~i~~ ~~awwN- di~te wMice tiw~e~I ~i) 11~e M~rtpRee ~nd ~Ae M~n~aRre ~n~f m~k~ pr~~f d 1~ liK Niwe n NI w~j? ~~mWl~ A~ ~k • . ~ ' ~ . ~ - 8~K1fi9 PAGE1l08 - -