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HomeMy WebLinkAbout0100 ~ t:~~ PR(1VIUF.D~ AL~AYSr t6~t it tbe MoR~a6or ~h~ll p~y un~o ~he MortRaRwe the ind~bteJeew ~~~~t~~d br s O°~*+~ P~°woe~ °°te o~ r+lueh ths foltowia~ ie word~ a~d figure~ i~ ~ lrue topp tawit: Ma~fya~s /Yot~ , s Miami. Floridi ~Ti~111~e2~ ~ ,19 ~ i MUN ~',~Ll`F: ItF:CF:R'E(1 l.'ae ~b n.,r &~d BAyAra11~ pn~mi+c to pay ~ t~~ th~• urJrruf ^r-. . th~• principa) •um uf A~ 4~ue~ ,~3,Q~.._]~~d r~,f~ a!!d m .1.:1R. . togetht~ with iatrr~•.t th~•n•un fn,in dalr of th~r ratr uf t~•n ~N•n~cnt, pcr annum unlil maturity, both princiJ~l and interrst M•in~ payat?1~• in laM•ful moncy uf tlu• Unitrd titat~•~ ~t liiu•aync tilvd., \lidmi, Ml~rida, o~ at such nthrr ~?lacc xs thc h~~ldr~a h~•n~c~f may dr...i~nale in writing. ; x I'rincipal and int~•n•:t payabl~• in imtallm~•n4~ a.. folluws: ' Tx~atJ-?'ive (#.25.00) Dollera per aonth~ !or thir~-fivs (35) ooassoutiry ~ noatba, oa the 15~h d~ y t of e4ah aad sre r y uoath~ be gi~nn i~; oa tbe 2 ytb ; de3r oF Marob, 1968, ~ad ooatinu+ng uat11 th. i5~b a~y o! FeDru4ry, 1971~ ; at vbi.ati tia~ the balana• shall b~oou dns end pe~aDl~. This note may be pre~~aid in ~~hole or in part a[ter one year trom the date hereof upon payment of a penalt' ; eyuivalent to two percent ot the principal sum pnpaid. ' Each inscallment payment shall bt credited tirst on che interat due. and the remainder on principal; and interest j shall there~~i.on cease upon the principal so credited. ~ "~'he makers and endonen oi this note Eurther agre~e to wraive demand. notice of nan-paymenc and protesc. and in che rvent cuit shall be brought for the collatio~ henof, or the samt has to be collectcd upon demand oE an attornty. co pay reuonable atcornery's Eea tor making :uch coUection. I Defernd payments hereunder shall bear intaat at the rate oE ten percent. per annum from tnaturiqr until paid. ~ This note is secured by a mortgage of even dzte her+e~rieh and is to be rnnswed and enfarced according to the laws ~ of che Scate of Florida; upon default in the papment o[ prindpal and/~ interest whrn due, the whole wm of prind and ;ncemc remaining unpaid shall. at che optioa of ~he 6olden„ beoo~~ immediately due and piyable. z ~ Joseph Peoni ~5~, Prep~red by Spi~ r 6 Tendrich. Atto~neys. Blanehe Peoai ~r ~ 22~0 Bisc• e Blvd., Miami. Florida r„r~, snd ~hall per(orm, complr with and abide by eaeh and evuy the aipul~tioa~, a~rt~emrata, eoodi~ion~ and covenant~ of uid promiw~rv note and of this d~td. iheo thi~ dred •nd the ~~t~te thereby eteal.d ~h~ll cea~e •nd be oull ~od void. 1. The MorlRa~or berebr covenant~ ~nd •g~ee~: (~1 T~ p~~ ~11 ~~d ~inRUl~r 1he pri~eip~l ~ed in~erep ~nd Nl~s aum~ ef m•ner wr~~~ by •inue of ~id Pr«nwery eute •nJ tb~• deeJ. ~r e~ditr. P.oAP,~r on ibe d~r nipr~u~d~ tl+e wse ~er~lly ~~n~~s dre. Ib) To penn~t, e~mrni~ ~r suQer n~ w~„t ~ad ~e m~inR~iq tbe ~mp~~v~menu ~I ~II ti~ iw • uue ~~od r~p~ir ~~d c~nd~t~~o; •ed ~o d~ e~ pernn~ to bc dene t• ~id premues nothieR tlwl will alter ~r ~6an~e thr uK ~nd ~lura~~er of w~d ptooen~ ~r in ~n~ aa~ ~mp~ir or wre~k~~ the ~eeurn~ e/ ~hi~ mort~Re. And in c~~e o( thr fl~YM~. oeRlee~ or in~bili~~ e( tbe MortpRor t~ rep~~r ~ed m~~~u~~ •ud prepen~. the MertNtK ~+1. ~t bu ~Pti~n. w~ke ~~eb re~in ~r uuw tb~ snae t~ Oe w~de. u~ ~r~wee mene~~ ie tl~~ be6~1(. 1 c 1 7~ P.r ~II u~d nn~tul~~ Ihc ~~zn. ~~eal~. levia. li~bititic~. ~nd ~Sliptioas d even Ntrre wd de~cribed Pr~pertr exh s ~nJ e~~r~ ~rhen dne •nd payal~le attord~n~ ~o Isr, bel~rt t6e~ beconK Jelinaueat, ~nd to ~dclive~ t~ ~Mortp~et ~n ~r ~efore Mar~h ISth of e~ch )ea u¦ rere~pu ~videneiuR ~be p~r~ncat eI dl lawrtullr :~oP..ed u:es tor ~he pr~d;us e.leadar re••; t~ iedeme~fy ~h~ MeHpRee up~n hi~ dee~~nd for •il t~:e~. ~Nerm~nq n~J c~r~• ~h.~ .n•r be .•.e..ed up~n 1~i~ ~Mp~t ~n tbt indebttdwer ~ecured herebr. ~nd Prid b~ U~e men~tK, wri~hout reprd to ~nr I~w 6e~elefere e~u~t~d er ber~~h~~ 1• be eu~eted ~~y«i~~ araeat ~t ~be •rhele ~r ~er p~n Ihe~eot upon ~he Mortp~ee. Idl To p~~ ~1I •ed •~n~tul~r the co~u, ~h~rRe~ ~~d e~pen~e~ iedud~nK l~r~eR teA ~nd •ba.an co.+• re...n.b)r ~rcurred ~r p~~d ~e~ ~iwre b~ ~Ix NertR~t~e bec~uN of the f~~lure en ~Ae p~n ef ~he NettR~~er te petfo~m. ewp1~ wi~b ~ed ~b~dc b) acb ~nd e~erf ~Ae ~tipulp~on~. •peeinenta, cond~t~on~ ¦nA ~ovee~nu of wid Dromiswry note ~nd thu 4ed~ ~r eit6er. ~wd rrery suc\ ~reen~ ~6~11 bur interen fr~~n d~u st ~ht rate of un per ctmu~n per ~nnum - Ie) I~ i~ further e~ven~nted ~nd ~~retd by wid p~rtie~ IL~t ie 1~e eveet • auit beiwR ieuituted ~errelMe t6i~ m~rtp~e. t6e 1~~rt- piee aMll be en~itl~d ~o ~pPl~ ~a~ ~i~e prndiuR ~vcb /~reclwure ~uit the c~wt h~~~a~ jwi~dicci~a e?ereef ~or t!e ~p~ie~ment ~I ~ KKi~er OI ~l! ~nd ~inRul~r ~be mortp~ed Propert~. snd d dl rcnu. iaeNSet, yt~6ta, wue~ ~wd revew~ ~bereaf. frwe ~rh~twe~er •ource deri•ed; ~nd tAe~eupon i~ i• herebr esprrs~l~ e~vctieted ~ad •tr~eed t6rt 1be Gr?t ~Asll /erlbritb ~ypoiet sucb teeeiver .+i~b Ihe wwl pover~ ~wd du~~e~ nf nwiver~ in (ike cs~t~; ~ad s~id ~pp~ie~ment ~6~1! bt ewaae br ~l~t eeurt a~ a~stter ~f ~trie~ ri~b~ ~o ~I~S M~rtYR~q and wil6out rcf~rcnce ts the adeqwer ~r ioadeawcr of tht v~lut of tAt properl~ herebr o~eut~t~~ed, ~r 1i~e ~o!•en~y •r iwNl~?.~cr ef the Mnn~Ron or ~nr e~hc? p~rtr dtfend~ol lo ~uth tu~t. Th~ N~npRor bereb~ ~pe~i6ullr v~~res 1!K r~RF~t te ~bjeet b ~e ~Ppsintment of • receiver ~fore~~~d ~wd bereb~ eaprewlr ~enaenp th~t ~~ch ~D~inte~ent ~h~ll b? m~de ~w ~d~w~n~d cq~i~~ ~nd r• mntrr e/ •bwlute rirtM t• ~6e M~np~ee ~nd t?~~ ~hr wme my be done V11MY1 pO11tt 1~ II1t M~~1`1~0~. - If 1 If l~reelo~ure proc~edinp ~hould be insti~uted ~piaN 16e p~pet~~ eovered b~ tlu m~np~e ~yoe ~n~ etber lien or cla~m rnc~tl~e~ dls~ed t~ ~?e •uperi~r or jue,er ~o Ihe l~tn o~ tAu m~tp~e. 1be MonpRee m~r •1 hi~ opt~on ~mmed~~ttlr uPon ~m~itutiew ~u~h wi~ er durin~ the Pcndener therc~f de~l~re tl~i~ re~np=e ~wd tlie ind~L~edneM .ec~red b..ebr d~e .wd p.~.b1e f~nh~,~h •wd n.~~ n~ ~Pti~n p.~~.ed a Ier~~i~~e ~Ai~ me~1R~Rt. (~1 TMt t~e Msnppr vill keep ~1! ?e~) and pe»esd Prepet~~ MM or her~dte~ ~neumbrred A~ tAe li~n o/ ~h~• m~rtp~~ ~n~~r~d ~s nuy bt rtQu~reJ (rom Iime lo tune b~ the Mot~p~ee ~p~n~~ I~w bf brt. wind~lonu •nd otAer h~ur~l~, ~su~~l~~~~ •nd ~onun~en~~.~ f~• ~rcb periodr ~nd f~? na Iw ~h~w ~~eh •w?•u.u a~w.r be eequ~red br ehe Mon~.~er .nd ~o par p.~n,pUr rbte dMr ~11 p~~n~~~un• t~r ~~el~ ~nwr~wte. The ~in~uw~~ o( iMUr~nct rearitrd b~ tis 11~nR+Ree ~h~ll bt ~he minnnrm ~mou~t~ (~t vh~cb u~d ~n~ur~e« •h~ll I.c ~rri~lew •nd it s6a11 be ~~c~~b~M ~o.w ~Ae M•~R.p~ s.iauin ~u~6 •dd~~ioad in~~ranae u m~~ be ne.warr ~o w?~.~ •n~l .on~pl~ lallf r~th •1) c~in~~rawtt ~eQriren?eMa to~t~iwed in Mid p~liciar U~e eed that ~l~e NI+ Mditp~~/ i• ne~ • ~o-~n~uror tA.~•ur~d~r In~ur~nce ~h~lt be •~~t~ew b~ • t~rnp~n~ ~r c~m~~nie~ ~ppr•..d •r d.+iRn.~ed br ~hr M•ni.~~e •nd •11~p~I~~~h ~nd ree~.~l~ iA~reot ~hall be ~ela b~ the MeRp~ee. All d~a~lsd ae,sip~sti~.w 6~ Urc M~rtjs~~~ ~bi~A ~re attep~ed br ~b• M~n~=et ~nd •L •~r~~~.rnt~ betw~ew M~rtp~ot ~sJ M~npsee rel~~inR 1~ i~r~we~. Nvr etisun~t K i~ere~f~cr o~~de~ ~6~1~ ~ ~n ~.nun~ •nd ~S~II 6t ~ wn of thu 111~fIM~~ ~QEtA1CM M~YII1 Y~M~~ .r~ l.nh .e.b.~i~w I~ereie .nd sA.lt R•.e~s MtA p~ni~• A~re~• ~nd ~be~r ~~~ee~wrs •nd ~N~~n~ # N~ liew rNw •w~ ~I ~sid p~licia ~f ~m~?~~te n~w refuwd ~r ~~Iurw prem~un+ ~.h~~A m~~ bt p~~~~l~ es tL~ ~~w~~ll.~~on •r ~erw~~w~li~w tbt~sd, ~Aall bt Rivew t~ t!~ 1?~ Mertp~te, eitept 0~~~?~pn ~n~tor~e~n~et ~lfiaed ~ueb pol~ry •nd ~po~o.~d L~ M•npMs. Fwci pGc~ iwwnwee ~1) 6ue ~isd ei~erete a ~e~ed~r~ Tl... Yer? M~rtp~r• l:l~~ar .hbew C~~~r~e~u~w, m~?,nR •II 1~ ~r Iwe~ ~dt~ ~u~A Mli~~ y~~~ble 1~ tbt M~etp~e~ a N~ iw~ereN m~~ ~Ppe~r. In 1M r~~Ht ~n~ ~~n~ ~r ~um~ e( ~wont~ M~~e~~ ~ MI~~k IAe~trw~tr ~he M~rlp~ee ~MII A~~e 1`e ~p~~w t~ rec~i~e •nd .opty ~IK wmt •n Kre~n~ st ~A~ ~ndcaadwe~~ Mr~e~ ~~~a~~~1. { K otnwit 1be M~AM~ 1~ ?euirt ~w1 we i1. N~q ~et tMrt~f. ~?i1bu1 ~he~e?y ~.n~~n~ •r uop~~r~n~ ~w~ ~qypy. b~w~ r~~A1 { ~wJe~ w~ sinre d tiiir s~nppe. Iw •KM Iw ~r ~rir~l d~w.~~~ ~w J~~ ~w.n,.,,~d Pr•'.ny Mw~..~•r •h.ll p.• ~w~n~~• r Jiw w«ia ~Meed ~il N ti~e MNti~~e~e sw~ ~M M~np~.e wN~ w.a?e d l~w ~l ~iK wrwe ~ w,.1. Namprl~ ~y ~?r . a~Ks~o ~oo . . ~ ~ ` A~- . , ~~~-Y _a:t v = _ -