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HomeMy WebLinkAbout0651 !i ~ - ! t : ; PROVlUBD, ALq~AYSr tlut if tLe Morts~~o~ ~h~ll pay unto the MortRaR~+e the ind~hteJntw .:~idcnaJ br a ~ ~ia pt~asiroe~ ~ots ot wi~ich ths tollo~rio~ io v~o?d~ and fiFu~e~ is • lrue topr tawit: ~ i /~IaN~~~ ~O~ I~~t5~•00 Miami. Florida J~na~ ~ .19 ~ ~ ~ ~ ; NuK ~~~~~i.,~~.1~~_~ t~'~.~~ois~t]~? sad_ ~~~rs~all,~ pmmi•r to pay ~ ! tu thc urdrr uf ~ the ~?rin~~i~wl :um uf ~O Tlroua ~OU~~1~IId1~Ad~F1 A~1Q ~UI.I.r~Nti, loKeU~er with int~•n•st t6~~mun fn~m dat~• uf thc ratr uf t~•n ~N•rr~•nt, per annum unlil malurity, twth prinri~?al and interr~t brin~ payabl~• in IaNful monry ; o~ th~• llnit~•d Stat~•: at '.'.'I.~ HiK:ayne 131vd., \liami, M'lurida, or at such uther place a+ 1he hulders hr.n~~f may design~te in writir?g. ~ Princi~wl and int~~n~t payablc in in~tallm~~n4~ as folluwx: ~ i or~-Fivo (~5.0~~) I%ollare per en~nth, b~gin :ina on ~b~ 15Lh fla~ o! ~~aro~~ 1968, and ooatinuing on t~e i5tb a~ of ewoh aad ~~er~ aontb ~ thereatter uatil paid in lull. i ~ This note may be prepaid in ~vhole or in part atter one ytar irom the date hereof upon payment of a penaltp ~ equivale~t to two percent of the principal sum prepaid. ~ Each installment papment shall be crtdited fitst on the interat due, and the ranaindcr bn principat: and interest ~ ~ shall thereupon cease upon the prindpal so credited. The makers and endot~s oi this note further agree to waive demand. notice of non-paymenc and protest. and ~ in che event cuit ahall be brought Eor the collection haeof. or the same iias to be coll~cted upon demand oE an attorney. ~ to pay reuonable attornep's fea for making such collation ~ Deferrcd paymenu hereundu shall beat intaat at t6e nce oE ten percent. per annum froan maturiqr until paid. ; ~ This note is secured by a mortgage oE ~ date heriwith and 's to be aonstrued and enforced aaording to the laws oE che Scate of Florida; upon deEault in the payment oE prindpal and/or interat ~vhen due. the whole sum of princi and intrrat rtmaining unpaid s6all. at the optian oE the holdeis„ beeame immediately due and pa~rablt. W.~.Godwin ~s ~r ; Prepued by SpielerA Tendrich. Altomers. FI'aIICP.S Uodwin ; 2210 Bisc~yne Hlvd.. Mi~mi. Florida ~`SE~'~ 4 i ~ 4 t ind ~h~ll perform. complr with •nd abide by e.eh and every ihe ~tipul~~ion~ a~treemrnt~ condilions aud coveoant~ o( ~ said p~omis~nrv note and of thie deed. theo thi~ d~ •nd the ~~tate thereby envt.d ~h~ll ce~~e ~od be null ~od void. f 1. 'The Mort~a6or bereby COVCOaDU <Dd a6ree~: 1~1 Te p~r ~I) ~nd nnRul~r the pri~eip~l ~nd interc~l ~nd ~ll+~r ~um~ ef ~•wer o.7.61e br •inue ~f ~ia pr~mw~ry n~~~ ~eJ ~h~~ i deeJ. ~r e~ther~ P~o~apdr on ~he d~~ re~p?cu~et~ ~he ~ao~e ~er'rsllr becemn d~e_ f lbl T~ Penni~. l~mT1~ Of ~YQt~ n~ ~~ne •wd te m~int~ia ~be ~mprev~ment~ ~t all tiwe~ iw ~ u~~e ~ood r~p~ir c~nd~a~n: ~nd to do or pee+n~1 to be done t~ s~~d prem~~ eotAieR tlrt wil) ~Iter t6an~,e tlx r~t ~nd ~lur~~~cr o( ~a~d prooen~ ~r in ~ny I ~mp~ir or .e~kee the ~eeurit~ et tl~u mor~~tsRe. And in c~K o( tl~e tefua~i~ oeRleet or ~n~bilil~ ~be Menp~or t~ rep~~r ~nd ou~~u~~ ! ~~id propert~. Ihe MwtpRre ~n~~. ~t bu eption. e~~ke ~rcb tepur~ sr uuK th~ w~ne t~ be ~de. ~wd ~~w~e e+~wer is ~a~ be6~1l. ~ ~ c 1 T• p.r •11 ~nd nnRul~r ~he ~~sd. aNewe~rm~. le~ries. li~bil~tie~. ~nd ebliptioes ef ere~ Y/Yt! w..:d Jescrieed Pr.pcnr ~~h anJ e~t~~ vhen dYe .nd p.r.l~l~ ~~eerd~wR to Iw. be(ert tber becom~ Jelinq~eM. ~nd t~ ,delinu ~be Mortp~ee e~ ~r Oe/ere M~r~b ~ 15th of t~eh ~c~? ~~i re~e~p~• ~videneinR Iht p~~meat oI al) I~rrfull~ i~ope~ed u:e~ fer the oreudia~ talead~~ rnr; t~ indemnd~ t}~t ~ Me~tpRee ~p~n l~i~ dem~nd for ~1) t~z~~. awr~m~nu anJ e6~r~s ~Aat m~r be ~asts!ed upen thi~ artp{e ~n ~Ae ~wdebttdne+~~~eeured ~ 1,e.ebr. ~nd p~id b~ tF~e mortR~RK, .+~~hout reprd ~e ~n~ 1~.+ beret~f~re teuned w Fxr~~(Itr be ewc~ed ~~pMi~~ ~~+nen~ ef ~I~e .~helt ~t ~n~ p~rt ~hertof upon ~he MortR~~te_ Id) To p~~ •11 ~nd •~nRul~r ~he co~u, ~h~rRe~ •od eape~we~. iedud~nR lav~crs fed .nd ~baraet ~«u nMew~blj incurred ~r p~id •n~ ~iw~e b~ the MonR~R~e bec~uK o( ~he f~ilure en Ihe p~rt e! Ihe Nsrtp~er 1~ pcrforw. caupl~ vi1L ~od ~b~de b~ ach ~nd e~t~r the stipul~l~oe~a. •Rreancros. condu~om •nA ~oven~nu e( uid pro~wiuonr note ~nd 1l~u deed. ~r eitber~ ~ea ertr~ ~~c` Oareent •6~11 bur iatere~~ fr~m d~~e ~1 ~hc r~tr of ~~n per t~n~um per ~mwn !el II i~ fa~ther te~en~nt~d ~ad .~.eed br wid P.ni~• ~6.~ i. ~he evem ~f • s~it beiwR iaWit~ted 1~ /~r~tl«e t6i~ m~etp~t. tbe M~rt- p~ee ~lull be entided to ~pplr u~a~.tune peedinR ~neb /~teclo~ero ~ni~ to thr t~art luv.n~ juri~dia~~a e?ersef tor tbe •p~~mment • nceiver o1 ~1) ~nd ~inRul~r tbe mottp~ed propertr. ~nd ~f dl rcnu. ineMa~. Pro6y iwua ~wd tertn~ ~bere~I. IroA ~.L~we~sr touree deri.ed; •nd ~hc?eupon it i~ hereb~ esprewlr e~~etioted ~od ~R~d Ih~t ~be Gvr! d~all t~rth~+itb ~aooiet ~uch retei~er •i~b ~!?e u~u~l po~.er~ •wd du~~e~ ~f rK~iver~ in like cyd; ~nd a~id •pp~inlmenl ~h~ll ~t m~~t b~ 1l~t teuR ~ e~aner of atiA ri~bt to the M~ARaRee, ~nd wi~bout ref~rence to tht ~deQu~cr ~r :o.d~Qua~r of 1he v~1ue ef the proptrty herebr mort~t~~ed, er t~e ~elvency ~ •r iewlvener ef tlu MnrtR~Ron or •nr ether p~rtr delend~nt to w~h su~t_ Th~ NenpRot bereb~ ~pttibully v~~re• tbt nRM w ~ ~bj~ct t~ Iht ~P~intment of • teteive? dore~a~d ~nd bere~~ aiprewlr ~emseq tAat ~~cA ~y~in~e~em ~6d1 br n+~de ~w •dn+~n~d ~ eQ~it~ ~nd ~r • ru~ltrr o( •Molute ri~thl Ibe M•npRee ~wd ~hr sarne m~~ be done w~tM~~ w~tiee 1~ tl~e M~np~~r. t ~ (/l I~ /~re~lo~ure proc~edinp ~heuld be imti~u~~d •piast t6epr ~pen~ co~ered by l6u m~r~p~e opoe snr e1be~ liew er el~~m vhea!?e~ •Ile~ed t~ F.e ~uperi~r o~ jun~or to ~he I~ee of tbu ~n~etY~e. ~f~e Mer~R~~ee m~r n hi~ opt~on ~mmcd~~telr uPen ~mtiuiu~n ~f ~u~h ~uii or d~rin~ ~he ocndener tl~ereol de~l~re ~i• ~~~tp{s ~nd ve ind~L~edweM ~ecwed br:eb~ due ~nd p~~~ele f~nAv~~h •wd ~n~r •t : ~tr ~pti~e Pr~~~ed ~e for~rl~~e tb~~ roenE~Re. ~ Th~t !bt M~nppr vill ktep ~11 red ~ed oe~~end ~ropeet~ n~w er h~ndte~ encumbr~td h~ ~h~ li~n ol ~hu m~r~p~t ~n~~red ~ ~ ina~ be nQuveJ hom ti~ne lo ~une by ~he Moetp~et ~~s~n~~ I~w br 6re. wmd~tanu •nd oth~r h~s~rds, •~au~l~~~~ i6d ~~nun~en~~~~ ~ for •~cl~ period~ ~nd f~? nw lew tb~n ~~~h ~n.•uwu a wwy be reVu~red br ~he Mon~~Ree ~nd ~o par pr~mpOr .6tn d~• •11 pr•m~um• =s fer ~urh insunw~t. T1~e ~u~~unu ~1 insurute rcqrind b~ !bt l/ortRa~tet ~Adl"~ tAr min~~n~a~ ~mount~ (~r ~+h~~h ~~~d ~n~unn~• ~h~ll Le wriuen ~nd it ~6a11 bt incumbeet ~~n ~l~e M~rtppt s~iouin ~~~h ~ddiuuaa) ~mur~nce w m~~ be etceM~rr to me~l •nd .on~pl~ i full~ v~~A ~II toin~unnce rea~~.e~~~u ~o.a~~.ed in wd ~liciw u ihe end 11ut ~he ~.~d NonR.~~. i• ne~ ~~o-~nw~or ~h~r•und~r ~ Iruunece ~Adt be onutn b~ •~on~p~n~ ~r c~mpnie~ ~p~r~~~d ~r d~s~Rn.~ed br i1K M•n~.~~• •nd •11p~ h~~N ~nd ren~..~ls th~r~of ~ .ball se !dd br ~ Morsi•~ee. A1I d~a~led de.~~e.~~.o. b~ tbr M~nppr ~h~~h •re ~cce ~ed br ~b~ M~nysjee •nd •U •Rr~.n~cnu betw~ew M~npaa M•np:ee rel~tinR inw~~we~. eaiu~nR K I~Ke~Ilc~ m~dt. ~b~~l b~ ~n vnun~ ~nd ~6~11 br ~ pan of J+~~ ~n~etp~e •pesment w l~II~ ~ d~~uRh ~rt f~hh ~erb~li~w betein ~nd ~h~ll R~•e~n 6e~h we~i~• A~?e1~ ~nd ~Se~r s~tcerwts •nJ ua~,n~ ~ N• litn rrw /n1 •~~d P~lida ~f uurruKC ~r rpew ~e~ ?e(ued r~lurA pnm~uin ..MrA m~~ b~ p.r.ble ~e tb~ ~~n~tll~i~ow •r ~ Itrf11/M1iM the~e_d. sA~ll bc Ri~cw t~ ~~`er ~Iw tb~ MeAlt~~ec, ~s~ept by~ prpr~ rn.lonem~n~ •Ifi¦~d w~6 p~l~r~ •nd ~pPro..d b~ ~ M~rtpre. E~c~ rl~c~ ~1 iwwnwee ~MII b~se ~isea tl~en~• ~~•ed¦rd Ni.. Y~rk Mor~q~tt~ ~.IWM vhhovt C~~~nbuu~n, m~?~nR ~y •11 I~w ~r Iwe~ ~waer ~aeh rlit~ y~~~ble ~be M~tp~e~ ~a N~ in~etrM rn~~ ~Pp~u. In ~M ~~~nt ~I1~ WRI N~YM~ OI ~noMr M.o~,~ ~ P.~~?k tlKre~wle. ~he M~hp~ee d~.ll h..e ~?e ~PI~M 1~ /Kflrt ~nd •ppl~ ~FK ~me ~w ~~rernt ~f ~I?~ ~ndeeiedwev~ 1?e•~br ~r~ur~~1, ~1 1• Pt~11 IAt MMpSN 1~ ~ece~~e ~~d we i1. N~q /K1 tlwt~f. ~ri~`~~~ ~Atrebr ~~~~~nR •r uop~~r~n~ ~w~ eQun~. I~~e~ •r nRh~ ~ ~wdet u~ ~in~le d 111i~ ~~rtp~t. Iw ~Kwt Iw~ ~r ~„1r~I ~w~~Rr Iw IIK ~wwA~~~td P~~M~I~ tlr? Mw~R~~to~ ~A~11 ~w~n~~- ji~M wNitt 1A~ed wwil 1~ 1Ae MNtp~ce ~wJ tlw M~npR~t w~r w~ake ~Nf d 1~ if dw w~we u~N w~.d~ Pr~MI~ h~ ~?r m: ~ , • B~ ' ' . ~ - - I~3..