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HomeMy WebLinkAbout0278 , ~ i i PROVIUED. AL~AYSr tbat if tbe Moeta~~or ~h~ll p~r unto the MortRaR~+e ~he i~d~hteJneN r.v;drneeJ br • aNaia p~oasiw~n eote a( wl~ich ths (ollewio~ ia word~ ~~d figu~e~ i~ ~ true eopr tawit: j IKa?~o9s No~i s l8~•~ Miatai. Floridi JSIIU~~'! g .19 ~ ~ FUK ~`:~Ll'M: ttECh:l1'M:I) We• ~OlIItly t1II~7 9A1~6TY11' promi~• tu pay I tu thc urd~•r uf ' ! T a' th~~ prin~•i~wl •um uf e O1l8;JII H: g ~i-lt1l~l~d~C ~t~'i~ ~d 130~1~1.i.:~lt~, tuKethrr with intrm•t i th~•n•un from dat~• ~?f ihc rat~• uf t~•n p~•n~•nl, per annum until ~naturily,l,uth principal and i~b~n•~t b~•in€ pa~•al~t~• in IaN•fu) mum•~ ~ uf thr Unit~•d ~t•rt~~. at lii~•ayne Bivd., ~liami. M'lorida, or at such athr.r pl~c as ~he hulde~s herruf may desi~nat~ in writir?g. ~ Prin~•ipal and inl~•rc•t paYabl~• in in+t:illm~•n4e a~ folluws: Twenty--:~ive (:~?S.G~:) Dollsxs I~er auatr, ~'or t',irty-lito (35~ aonseanti~~ moath~ ~a the i~tb ds~y of er.:ch und every o+onth. beQianiag on t2w 15th da~- o°~tarah, 1968, aYtd oont ~ nu :ng uat il tb~ i5th a~ oP p~bruus7. ~9?l. ~ ~,L. wh3.ah ti~o the ba?~nae st~rill bsao~e due ~d ~aya':lo. This note may be pre~~aid in ~vhole or in part a[ter one year from the date hereot upon payment of a penalty equivalent to two ~xrcent ot the principal sum prepaid. ~ Each inscallment paymenc :hall be credited Eint on the interat due. and the remainder on principal: and interat I shall thenupon cease upon the principal so credited. ~ The makets and tndorsers o[ this note further agrce to waive .demand. notice oE non-payment and protest, and I in the event suit shall be brought for th~ collection htreof. or the same has to be collected upon demand oE an utorney. co pay reasoAable atcorney's fea for making such collection. I Deterned payments hereunda thall bear interat at the nte oE cen percent• per annum from maturity until paid. This note is secured by a mortgage of cvm date 6eie~rith and 'u w be consuv~d and enforced according to the lav~ oE che Sca[e oE Florida; upon default in the papment of prindpal and/or interat when due. the whole sum of principal and interac remaining unpaid shall. at the option of the 6olders„ beooa4e immediately due and pz~rable. Joaeph Peoni ~5~~ Prepued by Spieler 6 Tendrich. At~omeys, Blanehe Peoni 22~0 Bisc~yne Blvd., Yiami. Florid¦ ~SE~'~ and ~hall perform. complr ~vith ~od abide br ~.~h ~nd ev~y tht ~tipul~tion~ aRrremra~a. condilion~ and coveoants of ~aid promiuu~rv note and of this dred. then thi~ dred •nd the t~tale thereby crnat.~d ~h~ll cea~e •od be oull ~od void. 1. The Mort~a6or 6rrebr coven~nta and ~6ree~: Te p~r ~11 ~wa ~inR~l~r 1he Pri~cip~l ~nd intere~~ ~nd ~h~r ~wn~ sf io•w~~ w~.ble by •~nue et ~~d ptNn~w~ry n~~e ~eJ ~b~• deed. ei~er. p~s~l~ ~n ~hc d~ri re~pK~wel~ 1he ..o~e .e~.r.Ur bee•~~~. d~e. Ibl To oernu~. t~mrwil e/ wt~r n~ ~+~At ~~d ~e m~ini~in tbe ~mprov~mtnl~ ~t ~1) 1imt~ iw ~~t~~e ~ood r~p~ir ~~d c~nd~~~~o: •nd lo do er penmt to bt dont te a~id prem~~d nothioR thp aiH ~ltrr er t6ae~e IlK ~~t •nd thsr~tter o( N~d proocn~ ~r ~n ~~r imp~ir or .+~•k.w d.e .ee¦r;~r ef thu n~~nMRe. And iw c~~e of tAe refuMi. oeRleH er in~0ili~~ ~f tbe MenpRor t~ rtp~~r ~ed m~~~t~~• ..id orope~r. the MorlpR~e ~a7. ~t ~pti~n. w~ke web tep~ir~ sr uvM th~ anne 6e n~de. u~d ~dn~wee aMwef~ ~w t6at beh~ll. lc) T~ p~r all ~nd nnRul~r the use~,•aNewm~au. levia. Ii~bilNie~, ~nd ~blipUoa~ d erery snnrt M M:d dc.crieea or.pe~r u~h ~nJ evct~ ahtn dut •nd pay~l~lr ~~eord~nR to I~~r, befere tbey bccon~~ Jelinauen~ ~nd ~o ~deliver 1he Mortp~ee ea Selert M~r~6 IStb of e~ch ~e~r t~: ~t~e~pl~ t~~drntinR 1he p~y~ew~ e( ~1) 1~~+(ullr uope~cd u=t~ for tht Orecedin{ t~tewd~r rar- 1~ indema?f~ 1l~~ Mon~Ree up~n hi~ dtw~~od for ~11 ~~a~s, ~~aewn~ou ~nJ eL~r~~ ~h~~ m~y bt ~ase~!ea up~n thi~ ~~n~~r ~n ~he iade~iedeew .ecured herebp. ~nd p~id br tht moreptK. ~rithout rrprd ~nr (n. berHs(sre eM~~ed or lKr~~f~~r 1• be tw~tlea iepwie~ arwtat ol Iwe •rholt ~r ~nr p~n ~herto! upon ~he MortR~~ee. - Idl Te p~~ ~Il •nd ~~n~tul~r the eosu, ~h~rRe~ ~od eapenst~„ iedud~aR t~~rrets fea ~n8 ~b~tr~et e~at~ teawn~blj ~neurred •r paid ~t ~a) ti~ne b~ the Mor1R~R~e bee~uN ot th~ (~ilute on ~Ae p~rt of ~ht ylsnp~tor l~ pcr/onn. ewpl~ vi~i ~od .b~de b~ ael~ ~nd e~err the atipuln~oe~ •R~ecmenu, cond~uon~ •ed ~ovenanu o/ uid pnmiuory no~e and tAia ~ed. ~r eit~er. ewd eve~ ~uci ar+eeet s6d1 be~r intereat fr~m d~~e at Il~e r~~r of ~re pe~ e~nlum per •nnwn lel II i~ furlher c~~ee~nled ~nd ~~reed br Nid P~tiic~ tdt io tl~e event of • ~ui~ 6eis~ ~ON~IYIld 1• IOft[~~~! ~O~'1~tt~ tbc M~n- piee d?~11 be emitled ~o apPl~ ~t ~q ~i~ne prndiu~t n.eh f.reclo.ure ~ni~ ~he cewl luv~~~ ju~+diq~~n e~ereef (or tbe ~pp~iotment ~t •~eceive~ 01 ~tl ~nd ~in~ul~r tbe monp`cd P~epenr. ~nd ~t dl rent~. ioeMa~. Pr~6tti iM~s ~wd revteYa tbere~l. (roee r~weve~ seu~ee derived; aed thereupon i~ i• herebr eaprewlr e~~ctinted ~nd •Rneed th~t tbe Gtirt drU lonhvitb ~pPoiet ~~cb recei~er .+ith ~Ae u~u~l powrer~ .nd duue. ef rewi.rer~ ie like ewes; ~nd ~id ~pp~immewl ~hdl be m~de 6~ the court u~ enue~ ~f ~t~ict ri~6t ~o ~he M~rtYRce, ~nd ~ri~6out ref~rcnte to the .deQu•cr ioade~ucr of tAe v~lue ef the prop~rty htreby mert~~~ed. ~t t~ ~}~e solven~y •r ieNl~..ner of tlu M~rtR~Ror. or •n~ o~her p~nr delend~ot to •ueh su~~. The MenpRot benb~ ~pecibullr ~+~~•e• tb~ n~tAt ~o ~Oj~et t~ Ibe •p~intment of • reeeiver r~ ~(ore~a~d ~wd 6ere~~ aiprawlr ~eiuenu th~t ~~eh ~~~in~~en~ ~b~ll br en~de ~w •d~n~a~d eauit~ ~nd rnutrr o( •bwlu~e ri~h~ i• ~6e Mertp~ee ~nd ~he s~me ~+•r be done M~1}I~Y1 ne~i~e t• ~he M~np~er. ~i~ tr r..«~o.~« proc~~dinp ~heuld be ieui~uted •pia~t tbt pr~pert! eovered by ehi~ en~np~e ~ow ~n~ otber lita or cl~~m .+heJ~er •tle~ed t~ he ~~perier or j~n~or lo the I~en of thiu ~n~etpK. tbe MortR~Ree eur hi~ opuon ~mmtdntelr uPen ~m~i~uue~ ~u~h - ~yit or durinR ~he Pendentr tlKreol detl~re ~hi~ s~Ap~t ~nd t~r ind~b~edne~s ~ecured brrebr due ~nd p~~~01e f~r~h..uh •wd rn~r ~ u~ ~Pli~n Pr~~~ed ~e forerl~re ~ha ~nerl~t~~te. ~3 'T7~~~ tbe M•np~~r .?ill keep ol ~ed ~nd oers•sd propen~ n~v er l~~r~Jter eecumbrr.d h~ the li~n ot ~hu en~r~pRt ~n~~«d ~ ~ my be requ~~eJ (rom ~ime lo u~ne br ?he Mo.ip~« .p~~+.~ I~N br fire, wind~tortu ~nd o~btr h~sud~, ~~~u~lue~ •nd ~om~nRen~~~~ ~ (~r ~~e6 period~ ~nd f~r no1 Iw ~b~n .~~h .~..~wu m.r be Kau~.ed ?r ~b. Mon~.~~e .nd ~o wr pr~mpdy v6e~ d~~ •11 pr~~~~um~ ~ fer ~~~h in~ur~wte. The ~m~uwt~ ~f inwr~act rearind b~ tbs ~~r~pltee ~l~dl be Iht mim~n~~n ~mounu (~r vh~~h s~id ~n¦ur~nr~ •h~ll ~ 1?c ~rriuen ~ed i~ ~b~ll be ineumbenl ~p~n tAe M~Mppr 1~ awisuin ~r~b ~ddiuunal in~urance u in~r be et~ewar~ ~o ~nt~t •n~l .on~pl~ full~ w~ll~ ~11 csiusu~~nce rtauvcmenu toeuined ~n wid ~liri~r 1• ~/~e end tha~ tl~t N~d M~Appr i~ ns~ • ~o•~nwror ~M~.w~d~~ ~ Itiur~nce ~half be ~.nuen b~ • t~mp~n~ ~r t~m~niw ~~p rw~d ~r deyiRn~~ed br tht M~nf~~~e ~nd dlp~ I~~~e~ ~ed ten~w~l• J~~r~of ~11 be bdd b~ ~e Monp~e~. AII-d~u~kd d~.ip.tiNw b~ ~hr M~rtppr wbi~h ~re ~cce~~ed br ~h• Men~~er •nd •U •~tte~r~ceu ~ 6etwKw M~Ap~o? wa M~rtpsee rel~tinR t~ inw~~sc~. Nv esiat~nR ~t here~her o~~de. ~6~ 1 bt ~n wn~~e~ ~nd ~bsll br • an o! th~~ ~ ~~M~~t ~petAltO! M~t1~I~ Y II~~Y~II ~rt fwth ~t~bniw berein ~nd sh~ll R~.era bo~h P.ni~s h..n• •nd t6eh w~~ewor• •nd •w~n~ ~ N~ litn ~~n •n~ d uid v~licid ~f ~n~~n~tt uPow ~s~ rt(uwd •r rrturn prennum wb~rA m~y br pa~~slt oe tL~ ~~nr~ll.uon •r 4 Ienw~w~li~w 1l~erod. ~hdl be Ri+rcw 1~ ~~`er Ih~w tM MortM~te, ta~cpt b~~ P~~~~ .n~lor.en~•m ~1ria~d •~~b o.li~~ •nd ~poro..d b~ ~ M~Np~e. Fie~ rlicr ~1 iw~w~wee slwll bue ~ised thcrae •~~nd~~d Niw Y~rk M~~~p~tc~ I:IwM w~~hwt C~~~t~p~u~n, n~~~~nR ~11 Iw I~e~ ~wde~ ~wh ~lit>p~ >~ble u t6e Menp~e~ w N~ ia~~.~e~ m~~ ~Ppt~~. Iw IM ~~~n1 ~n~ ~~in ~r ~uen o( ~eonr~ Mrom~ ~ p~~?le ~here~nder tAe M~rtptee ~MII A~ve t?e ~p~ow recrirt •nd ~pplr ~hr ume •n ~~~o~n~ e/ ~A~ ~nd~D~~dne~~ Atr~b) ~~~~r~d, ~r 1~ Ostw~il Ihe M~etv~a 1~ recei~e ~w1 we il. ~t NA tMr~o(~ vi~?~ut ~Acre6T ~~~v~eR •r uop~~nn~ e~uur, l~~w~ •r ~~~At ~in~e d tl~i~ w~rtp/e. Iw ~~eM ~l Iw ~r ~`„K~I ~M~/f Iw tiK ~wwn~a~ed Pr~Mn~ ~k~r Mw~l~~~o? ~A~11 ~I~~~ ~w~inr- ~iN~ w«la IAKed ~f w~il Iwe M~MRt ~wJ ~M M~np~re w~~ ~mR e P?~~f d 1~ d ~b Mn~e ~~w.d~ or~mMl~ ~?r z • ~ • BOOK~7O PACE 2~0 'a .Fx .t~i"~S ~ ~ ~ yi ~ ~ - _ :~=k~- _ _ _,..:a:~: i