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HomeMy WebLinkAbout0990 , , i PRnVlUFD` ALIPAYSr t6~t i~ ~ Mo~~.aor ~~11 p~y unto ~he MortRs~we the ind~bttJ~eN cvidcnctJ br a ~ O°~~ P~~~ aola o! whici~ tlis tolle~ria~ ie word~ s~d b~ure~ i~ . t~ue copr tawit: ' ~ 1 ~ s372S~~ ~d~ ~Oi1 Jp1Z1liT,~ ~ Miami. Floridz • FON 1': ~ F.(. ti' u~• ,01~1~~ o~d N~~ri?l~ ~'~1~ 1L~.~ pmmi,c lo pay ~ lu th~~ urdrr uf 6 • I thr princi~?xl aum uf ~ V ~~V~II ~IIti1" h DOI.L:1Nti, tugrther with intrrr.t ? • t th~•~•on fnim drt~• uf thc rgt~• uf l~•n p~•n~~•nt. ~N•r annum unlil malurity, both princi~wl and intrn~st bein~ ~~ayablc in I~N•ful monr~ ~ ~ uf thr l~nited Statc: at 2'r'.~ tii~ayn~~ Blvd., ~liami, F'lorida, or at xuch othe~ place as the holdera hrnr~f may derignate in writing. i Prini•i~wl and int~•n:.l payablc in in.tallnu•n4~ a.~ folluws: I ~~s~eaty (~?0.0p)Dollars Der ~onth b~ I 196H, +~ad ooatinu • ~~~6 on th~ 15tb ds~ ot Maroh. I until poid in t`ull~ oa th. i5th aa~r o! eaoh ~ad e~~r~ saoath tt~rsat~sr ~ ~ This not~ may be prepaid in whole or in part aEter one year (rom the ~ete hereof upon payment of a penalty ° equivatent to two Exrrent ot the principel surt~ prcpaid. ~ ~ ~ach inscatiment payment shal! be credited firu on the intercst due. and the ranainder on principal; and interat shall thereupon cease upon the prindpal so csedited. The makcrs and endorstis of this note furthtr agrte to waive danand, notice oE non-paymenc and protat. and in the event wit shall be brought [or the collection hereof. or the ~ame has to be collected upon denaand of an attorney. co piy reasonable atcotncry's fees for making such collection, ~ Deferred pijnncnts hereunder :ball beu iutarat it the rate of ten pttornc. per annum from maturity until paid. ~ven ~ ~ This note is secured by a mortgage oE e~ven d~t~ h,tr,tMitle and i~ w be ~nsuued and enforced acrording to the la~ of che State oE Flo~ida; upon default in the payment of prinapal and/or interesc Mrhen due. che ~rhole sum oE prina ~ a~d inceresc remaining unpaid shall. at che optioa of the hoiderrs,,, beoo~ne immediately due and pzpable. Willia~ A. Cleveland, Sr. ~g ~ Prep~red b~ Spieler6 Tendrich, Attomeya, i,~velyn B• Clpveland ~5~~,~ 22~0 Bisc~yne Blvd., Yiami, Florida ~ ! and ~hali perform, eomplY „rith and'abide by each and evvY the atipulation~ s~trrernrat~, codditioos and coreaant~ ot ~aid promisMr~ ~ot~ and o! thi• d'ed. thtn this dkd ~nd the e~tate 1l~ereby etti?a~.d ~haU cea~e aad be aull and void. l. The MortRa6or 6erebr covenant~ wd •sret~: t~l T~ p~~ ~11 ~ad ~inRUl~r 1l~e pti~eip~l ~nd in/ere~~ ~nd Nh~r swn~ ef ~e•ner ws~k br arnue ~id pr~eniw~ry n~~e a~J ~b~~ deed. eiJ~er. ~asptlr ~n the d~ri r~~pr~uvelr 1he Mo~t rtvrrally bec~me~ due. tbl T~ oe~.n~~, e~mm~t er ~~~er n~ ~~qe ~wd to m~int~ia tbe uopr~vrmenu ~t ~11 ~ime~ iw • aut ~f ~ood ~ep~ir w/ condu~~s; and 1• d• ~r p~trn~t to be done to ~aid p~em~~es nothieR ~lut «ill dter ~r ~6~n~te Ihr nsr ~ed ~lur~ner of w~d peopert~ ~r in ~w~ r~~ imp~ir or we~k~w tAe ~eern~~ of th~• in~rt~aRe. And iw t~~e of the refuM], oeRler~ or ~nabili~~ ~t tbe MenMRor i• rep~~r .,~d o±~~w~• u~d propenf. tbe MortNRre ,~uf. ~t bu eyti~n. ~.ke ~reb np~i~~ er uu~~ t!K M~ne be ~ude. ~wd ~d~r~wee m~nej~ ia tlrt be6s1(. lc) T~ wr ~1) ~wd ~~oRul~r the usn, ~~KMAIrAI~. Itr~t~ II~b~IN~N~ ~nd ~blipGoa~ s~ ereh ~st~u~t M wd ae~t?ibed pr~ptitr url~ anJ evsr~ wl~ew dee •nd p~~d~le aceord~nR ~o I~w~, belere tbe~ beeon~ delinquewl. ~nd to .delive~ 1bt ~lortp~et ew ~r pefore M~r~b 15~A e/ s~eh ~e~r ui rt~e~pt~ evidenciaR Ihe p~~w~ent oI dl l~wrtult~ popeaed u:e~ (or ihe Preudias edesd~t ye~r; t~ indemndr th~ MonpRee up~n hi~ deen~nd !or ~11 t~:~a, ~sseann~r,u ~aJ c~r~s ~h.~ a~•r be a~~xd upen ~i~ ~~rtp~e ~w ~Ae iadebiedne.. ~ec~r~d bc.ebr. ~nd p~id b~ t~e mortR~RK, wi~l,out ~e~rd ~o ~n~ I~w 6eer~e(.re en~~ted or l~er~~(~~r 1• be ~tictta i~p«~~~ aratw~ 1ht whole ~r ~a~ p~rt Iheree( upen ih~ MortR~Ree. Id) Te p~~ ~11 •nd s~nRul~~ ~he co~u. ~h~r~tea and t:praaeti ;edud,nx 1...~en fea ~ea •bN?~tt c~at~ reawn~blj ineurred •r psid ~t tiw~e b~ the Mo?eR~R~e bet~uK of ~hr (~ilure en tAe p~et 1ht Nerfp~ter 1~ perfonn. cwply aitL ~sd ab~de b~ ach •nd e~ery the ~tipula~~ons~ ~`reernewu, eoad~uon~ •nd ~ovcnanu o/ ~aid prs~wi~~ory oote ~nd tl~is Jeed, ~r eit6er~ ~wd rery ~~c~ w~eM ~L~1! bear inte~at fnrw due ~t t6e r~t• of ~~e per c~mum pet ~ne~uw lel I~ i~ further tovenanted .sd sr•~cd br ..id ~rtie~ th~t i~ tl~e event ~f • ~~it beiw~ inNiluttd t~ /OtttlNt tbi~ n~~e1~~t, tbc M~n- ptee ~MII be enud~d ~e ~Ppl~ ~t ~q un.e prndi~~R ~nch f~.eele.ure wit te ~ COYft JYr/O= ~YMdiC/IM ~~CKOI ~Of tbe ~pp~iamcnt s/ ~~eeeiret ol dl ~nd ~inRulir ~be menpR,cd propertf. ~nd dl rcnu. iecMe~„ Pro6tti irYa ~wd rs~ewuar ~e~e~(. f~o~s vdtMever ~eurce derived; ~nd ~hcreupon i~ i• here0~ e=prewly e~~ctieted ~nd .Rreed ~6u ~be Gun •4d1 f•nh..:~ ~~o;s~ •~cb .eee;.er ~ri~h tke a~wf po~.«~ awd dut~N n/ rrrriver~ in like cares; ~nd ~id ~pp~in~inewt s6d1 be euat 671 Ihe coun N• a~~~~e~ ~f Nriet ~i~ht to ~he M•nMRee. ~nd ~+itbout re(~rence to tAe ~deawc~ inadeQwt~ of tht v~lue ot ~e p~openy h~rebr moelM~ed. ~r the ~~I~:n~y ~r ieNlv.eer ef the MnnR~Ron er ~nr ether p~rtr dtftnd~ot to •u~A ~uit. Tht y1~rlpRo? benb~ aperifiullr w~~ve~ 0?s n~l~~ to ~bj~ct t~ the ~~intmenl ~f ~ nceiver Jore~~~d ~nd 6eteA~ a~ptewlr ~ensenq tMt ~ech s~oeinte~en~ ~Aall be ~de w~w •d~w~ued eoui~~ ~nd r~ rn~ue~ et ~Molu~e ri~thl ~Ae Men~~ee •nd U~i ~he ume m~~ be denc w~~M~~ wstite tht M~rtp~er. t/1 If (~retlwure proc~edinp ~heuld be in~tituted •pwt tbe pr~pert. co~ered br 1~iu m~rlp~e ~oe an~ ~~lut liea er tla~in +.}ie~Aer dleaed t~ !~e wyeri~r or jan~or ~o the ben oI thu m~etp~e. tbe MenR~Rte m~r ~1 his opuon i~umed~~tely uPon ~nai~nt~on ef •uc1~ ~uit er durin~ ~ht Pendency thercol de~l~re ~Ai~ ie~rtp~t ~nd lir ina~b~ednew ~ec~reQ 6rreb~ due Md a~sOk f~nhv.~lh ~wd ~?~y ~q ~Ori~n Pre~~ed t~ for~rl~~e ~Aw n~~nRa~te. 1~) 77ut ILt 1Nenps~r ~rill keep ol ?ed ~nd penesd ~ooerl~ n~~v ~r h~r~d~e~ e~eum~rtd A~ ~Ae (i~n o( th~• n+~rt~a~~ ~w~ured r inal bs reQu~«J from lime lo u~ne b~ ~he Monp~ee ~p~m~ I~w br bre. ~.ind~~onu •nd otl?er h~a~rd~, ~~~u~lt~e~ •nd ~am~n~en~~~~ f~r ~~ch period~ swd l~r net lei~ th~w ~nrh am~vwu M w~ be isq~irtd br ~be Mon~~~tee ~nd ~e paf pr~mpUr r.ben d~~ •11 pr•m~~u+u fer ~~xh iwwr~wrt. The ~neunu inwr~wce rca~ind 6~ tbe 11~r~pRsc •hdl ee thr minnn~m ~mo~ntt f~r rhi~b ~.~d ~n.ur~e.~ ~hill Le rrriuew ~wd i~ ~il be incwnbsnl ~p~w ~be M~ttprr t~ s~iauin ~~~h ~ddit~ow~! im~~sn~e m~~ be nerpu~~ ~o e?e~l an.i ~ ompl~ Jn!!~ rrNA ~11 e~iwunwct ftqYll~Ollpb fO~l~~ptd ~n Mid p~lieia~ 1• tAe end th~t ~l~e w~a M~e~~sier i• ne1 • ~o•~nwror tA.r•und~? I/IiYI~MI ~Adt re ar~t~ew b~ •~~mpan~ ~r e~m~~wiw ~r de.iRn.~ed br ~b~ M•Mp~•e .nd •ti~p~t~~~er ~ed renr..~l~ tA~~~of ~ll be ~e1a b~ ~he Mo.tp~ee. AJ! deu;led ae.ips~iow~ ~ the M~r~pj~r ~.b~~A •re ~ccep~ed b~ ~M M~npie~ ~nd •U •Rre.r.enu betw~ew M~Ap{o~ w~ M~tp:ee rel~tinR t~ i~v~~we~. Nv eaisl~nR ~t 11ertJlcr m~de~ ~bdl be ~n wnunR ~nd sb~ll 6~ • oart o( d+~~ w~~p~s ~peaweat w frllr r tb~a~h ~ct f~etJ~ ~erba~ia hersin ~nd ~lrl) R~~~rw bo~h p~ne~• AerN~ ~nd ~beia ~~~ee~w~s ~~J ~su~ns N• litw ~Hw ~n~ ~~idp~ licia~ ~n~~r~stt rO~w ~e~ retuwd ~~turn prem~um wA~~A m~~ b~ p~~~ble oe tbt ~~w«Il.uon •r ~tew~~w~ii~w the?s~/. ~U be Ri~ew t~ N~ llww 1!~ M~etp~e, tat~ by~p~p~~ ~~~ter~en~~nl ~lFs~d ~u~b p~i~~~ •nd ~pP~o~~d L~ M~Ap~rs. Fwc` ~it~ d iwwr~wtt sAdl Iwst ~iseA U~cM~ • b1~ rd 1V~~ Y~ri~ M~~~pRt~ 1 I~~w r~~l~~~t (.O{IfIbY{?~~I, m~?~n~ •11 1~ K Iwe~ ~wdtr ~~ch rlie~~~~ble ~be MKtp~e~ M iu iw~ere~t ~n~~ ~POe~~. Iw ~M ~~rn~ ~n~ ~~m ~r ~um~ of ~nonr~ M.om~ M1~?k t1ieK~waer ~be M~etpRee ll 1?•.c ~?e ~p~M a nc~i.r ~ed ~opl~ ~1K wrnt ~w ~r~e~nt d ~A~ ~ndeM~deera Mi~e~ Nr~r~.f, N 1~ Ot/M~1 IA! MM1pjN I~ ftt~Ir! ~11, we il. M~w~ ~N1 tlwe~~ MII~YI 1Ae~e?~ r.~~~~n~ ~mp~~r~w~ •wr ~Qypr. I~~w~ ~r r~~A1 rwde~ ~i~1tie d ILi~ w~etp~e. Iw wewl Iw ~r ~„K~~ ~M~~f Iw ~ht ~wwns~~ea Pr~Mn~ tln Mw~~~~or •A~11 p~~ ~~w~~• ~iw waic~ t1~e.I y w.i! N~e M.~p~ee .w/ ~b. M•n~.a•e wNf wwke ~Nf d Iw ~t ~IM wwt ~s ~ w~.k P~~mMI) Ay ?M ~ ~ . . a~K 17~0 ~ 98? , . ~ ~ : ~y ~ s>yy:=