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HomeMy WebLinkAbout1503 PROVIUED. ALWAYS~ tbat i~ tLe Morta~~or ~h~11 pay unto the Mor~RaRee the iod~hteJneN «vidcnceJ by • ~ peo~ai~o~ oote of wiuch the (ollowia~ in word~ ~nd figure~ i~ ~ t~ue topr taMrit: Ma~9ogs /Yo~. ~ s 1200.00 Miami. Florida Fehrual~y 10 _ ~g 68 i i~~ Ilt \ • W9 ~ O~IIt'il ~d 89V I`811 _ _ ~nnui~• tu ?a~ i t~~ ti~~• unl~•~ ~~I ~ ~ 8 II @II81a~8 f { th~• ~riu~•i ~al ~uin ~~I ~ ~ u$ • ~.0~~~~~~-I)111.1..\It~, tu~rll~rr ~.ilh int~•n•~l , lh~•rrun f~uin datr ~?I lh~• rat~• uf t~•n ~N•n•rnt. ~~~•r aunwn i~nlil maturit~. IN~Ih priu~•ipa) and inl~•n•~l brio~ pa~ abl~• in (a~~ ful ~nun~•~ ~~I th~• l`nit~•d ~lat~•• al '_'_'t 1 Iti~•a~ u~• L'I~d.. \liami. Flurid~, u~ -rt .u~•h utlu•r pla~•~• a~ tl~~• huldrn h~•r~r~t~ u~a~ d~•,i~uat~~ in writin~. Prin~•ip~l rnil iut~•n•~t ~~•r~ abl~• iu imt~llm~•nt~ a~ Inllu~~.: Twenty-Five ($25.00) Dollars per month, for thirty-five (35) consecutive months, on the 15th day of each and every mnnth, beginning on the 15th day of April, 1968, and continuing until the 15th da~r of March, 1971, - at which time the balance shall become due and payable. ~ i This note may t~e ~3repaid in whole ~~r in p:~rt after one year from the date hereot u~wn payment of a penalty eyuivalent to tMO ~,ercent ot the princi~l sum prepaid. ~:ach installment payment shall be credited first on the interest due. and the remainder on principal; and interat ; shall thereupon cease upon the principal so credited. ~ The makcrs and endoners o[ this note Eurther agrte to waive demand. notice of non-paymenc and protest, and ~ in che event cuit shall be brought [or the collection hereof, or the same has to be collected upon demand of an attorney. to pay reasonable attorney's fees for making such collection. ~ Defened paymenu hereunder shail bsu interest at the nte of ten ptrcent. per annum Irom maturity untit paid. 1 - This note is secured by a mortgage of even date herewith and is to be construed and enEorced according to che laws of the Stace oE Florida; upon deEault in the payment oE prinapal and/or interest when due. the whole sum ot principal and interest remaining unpaid shail, at the option of the hotders. 6emme immtdiately due and payable. Bunice Cobbs ~sE~,~ Prrpated t+c S{+ieler h Trndria-h, Attome~~s. L'~iwin Cobbs p~~ 1?~0 B~scaynr Rh•d.. M~ami. Flund'a ~.SLI1?•~ and ~hall per(orm. eomplr with aod abide by each and every the ~tipulatioa~ a~treemrnts. condilion~ and coveoant~ of saiJ promiuo~~• not~ aml of thia dKd. theo thi• dKd •nd the c~t~te thereby cre~trd ~hall ceaae •od be null •od void. j 1. The MortRa~or 6rreby coveoant~ ~nd agree~: ~r ~11 ~nd an~ul~r 1he pr~~~ip~l •nd inlere~t ~nd ~lhs •um~ sf m.ner p.r.ble by ~~rtue of ~~d pt~m~wory e~~e •nJ 16~• ~ 1~1 Te detJ, ~r e~d~e~, promp~l? on ~he d~~• r~~prcu~ely ~ht ~ame ~t~trall~ betemes duc. i Ibl T~ perm~l, e~mm~~ or ~uQer no ~~ne •nd to m~int~~n tbt ~mprovrm~nu •t •11 timt~ is • n~~e ~t ~ood r~psir snd cond~~~~o; ¦nd ` ~o do o~ prrn+u to tK done to a~~d prem~~e~ nothiaR 1!?st rill alter o• ~h~n~e tl~~ wt •nd ~1un~ter of u~d prooen~ •r ~n •n~ ~ ~mp~~r or .~~k~n the ~eeu~ry of th~~ mortRaRe. And in c~~e of ~e r~funl, ocRlnt or ~n~b~t~~~ of ~be Monpso? t~ rep~n ~nd muou~a sud prope?t~, Ihe MortpR~~ ,~a~. •t bu op~ion, e~~ke ~~eb rep~r~ or c~u~~ th~ ~a~~c te be sude. ~wd ~d~~nte a~one~~ ~n tLat behal( ~ fc? T~ p~y s{I •nd unRul~r the t~:e~, a~~e~m~nt~, lev~ea. li~bil~li~~. •nd obl~ption~ o( erer~ oal~re ~o ~id de~cribed pr~pcny urh C •nJ e~er~ ..hen due •nd p~y~l~l~ ~ttord~nR l0 1~~+, before tber becom~ Jelinquen4 ~nd to deliver the Mottp~ee ea ~r befere M~r~h ~ 1Sth of e~eh ~ur u• n~e~pu ~~~drnc~nR ~ht p~~nnent o( dl lawtullr nopo~ed u:e~ for tht prteedin~ eakndar yur- t~ indemmfy ~h~ MonpR~e upon hi~ dem~nd for •11 t~i~~. ~~a~rm~nl• •oJ c6~r~s Ihat m~y bt •s~e~~ed upon tl~i~ oenp~e on ~he ~adebtednev ~ecund herebr. ~nd p~id b~ tht mortR~R~~. M~~hout r~p~d ~o ~nr I~w be~efere en~ned or htr~dt~r t• bt emned ~epw~a~ ~~ent o( tAt whole ~r ~nr p~r1 thtreo( upon ~h~ Mor~~~Ree. Idl To pq •11 •nd •~nRul~r the cosu, rh~rRe• •nd e¦prn~t~. iodud~nR lavren' fea ~nd •O~tr~tt tosu resson~blj ~ncurred •r p~~d •n~ tin~e b~ the MortR~R~e be~~us~ of th~ (~rlur~ on the p~rt of ~he Net1R~~tor te pcr(onn, caupl~ vi~ ~nd ab~de b~ ~ch •nd e~erf the ~tipul~t~on~. •~recment~, con~~t~om •nd ~ov~n~nu of uid prom~~~or~ nott ~nd tAu deed~ or titbtr. •nd e~ery ~ut? oa~naent ~6~11 S be~r inlere~t (rom d~te ~h~ rn~ of ~~n prr ~tnlum per •nnum a ~ lel II i~ (urthtr co~enamed •nd s,..~d by ..id p.Ni~• io the tvent o( • tu~t beinR ina~~uted ~o /o«tle~e tbi~ mortp~e, t6c M~n- ~ p~ee ~d) be eeud~d Io •pplr ~1 •n~ ume p~ndiaR ~urF~ /~reelo~un ~ni1 to tl~e court luwn~ juri~dittwn e6ereef !o~ ~e ~pp~~olment ef • receive~ o/ ~Il ~nd ~inRul~r ~be monp~ed p.open~. ~nd d) rcnt~, ineo~eer. y~o6t~. iwua ~wd rerenue~ ~bete~l, lrom vh~we~er ~ ~ource derir~d; •nd lhereupo~ i~ i• her~b~ eapr~ulr e~~ensoted •nd aRrred th~t tbt C~urt d?dl IorthritA ~pPoiot sue6 ?tceive~ .ith ~he u~u~l po~rer~ •nd du~~~~ nf r~~v~r~ ~n lik~ eyts: •nd ~id ~pp~~nlment ~6~11 bt ru~de br IF~e court ~ m~ner of ~1rie1 ri~bt Io ~ tht MertMRee, ~nd ~n~bout rcf~rcnc~ to thc-sdequacr or io~deauaer of ~he v~lue of tht proper~r l~erebr monR~<<d, ~r ~e ~l~e ~olrenr~ or inNlv.ner of the MnnR~Ror• or •nr o~h~r p~rtr dtfendaet Io su~h su~t. Th~ MortpRot Serebr ~pe~ifiully v~~vc~ tbt r~~h~ ~o ~bjeet t~ the ~pp~intmen~ of ~ reeei.~er r• •fore~~~d •nd bercor a~p.~..lr ~en~enu tlut ~seh ~ppo~ntmem ah~ll br m~dt ~n •dm~ned ~ ea~il~ ~nd u• m~tte~ o! •b~olute ri~h~ ~e ~6~ Moetp~ee •nd th~~ ~F~e wme m~y bs dont v~1}~eW no~i~t te ~At M~np~~r. h ~ (f 1 I( fe?eclo~ure proc~edin~s should be in~tiluttd •pirt tbept ~p~rt. covered br lbiu a~onp~t ~Pon ~nr o~het lien or cla~m v1~etl~er ' •Ile~ed to I+e ~uperior or ~Ynior lo Iht I~~n of tA~~ m~A~~e. Il~e MonR~Ree m~y n hi• opuon ~m~~~d~•~etr upon ~nn~~~~1~on of •u~h •ui~ o? durin~ the pende~cr ~l~ereot de~l.~e tAi• ~e~np~e ~nd Iir ind~LtedneM ~eeured twreb~ due ~nd p~~~ple (~nh~.nh •wd n+~f n ` u~ ~P~ion p~et~td to forerl~~e ~bi~ moA~~Re. ~ ~ Th~1 tbt Mort~a~er ~rill keep ~11 red •od person~l propeet~ nor or h«~~(ter en~umbr~~d A~ ~A~ li~n of ~h~~ mer~~u~~ ~n~urtd ~a ma~ be rtqu~reJ from ume lo u~ne bf ~he Morlp~ee •p~ru~ loa br 6rt, ~+~nd~torru •nd othtr h~~~rA~. •~~u~l~~~~ •nd ~onun~en~~~• ~ (or ~ucA period~ ~nd (or ~01 ley th~n ~u~A •mounu u nu~ be requi~ed br Ihe Moni•Ree •nd ~o pa~ prumptly .+6en du~ •11 pr•m~um~ fer ~u~h ~nwr~wre. The ~+nounl• O~ iM~lf~qt! «auired b~ tbe Ul~n~taRee .hdl br ~h~ ounun~m •mount• (er ..h~~h ~~~d ~n.ur~n« ~h~ll ~ Le wrinen ¦nd it ~b~ll bt incnmbent uPen ihe M~nR~~er ~o m~iou~n ~a~l~ ~ddiuund ~nwr~n~e my bt ntcwu~ ~o meM •nd ~ompf~ ~ full~ ~.i~h ~11 toituur~nte reau~ranrnt~ toe~~~ned ~n wid yelicie~ ~o tbe ~ed th~t the w~d Mon~.~o~ i~ ne~ • ro-~nwror ~h~r~w~d~r ~ In~ur~nce •h~lt be rrnuee b) • ~omp~n~ e~mP~nie~ •pp re~ed •r d.y~Rn~ted b~ tlu M~hR~~r~ snd sll pol~~~er ~nd ren~w~ls J~~r~o( ; .b.ll be leld b~ ihe Mon~~~ee. All d.uded du~p?uiew~ b~ 11r Mortp~et .h~~h •re ~cc~~~~d br ~h. Men~asee •nd •U •~r.r~~nu ~ betw~en Mertp[or ~od M~eipa.e rd~tin~ N irr~rawc~„ o~w n~unR here~htr m~dt, ~b~ I bt ~n wnunR •nd ~bdl St • p~r~ of thn ' m~rtp~e ~parnent w f~ll~ r tt~eu~h ~et t~nh ~erb~tie~ F~erein ~nd ~hall Ro~ere ba~A pan~~~ he~et• •nd ~be~r ~~tc~or• •nd ~~~~~n~ ~ No lien ~P~n ~n~ d~~id P•litier d ~mun~te or upes ~e~ refund e~ nlurn premwm ..h~~A m~~ b~ p~~~bl• oe t6• •~nr~llr~~on or ? tena~w~~i~w thereo/. ~hall be Ri•cn etber thaw ~b~ Mon~~ce, ea~cp~ pr~pr~ •ndo~~em~nt •f6s~d ~urb pol~~~ ~nd •ppro•~d Li : M.n~.~ss. E.c~ P.licr o1 iewr~nct ~iNll hue driatd tAt~et• • J~~nd~rd Ni.. Yo.~ M~.~p~e. ~ I~YK ~.nhout Co~~r~p~u~n. m~~~eR ~ •11 1~ ~r I~we~ ~wde~ ~uth ~lit~~l~~lt u ~be Mertp~t~ w N~ interrM m~r ~ype~t. ln 1M ~rrM •nf ~~m e~ wn~~ of ~eon~f b.~om~ ~ w~~`k Ihereawder tF~e MMR~tee I) h~~e t6e ~P1~ow 1~ ~eceire •nd ~ppl~ ~h~ ~~m~ sn •~~oun~ el ~A~ ~ndebl~dne~• A~r~by ~~rur~d, ~r t~ Oennit tbe M~ppr 1~ nce~•e ~nd we it. ~r wrt llur~of~ wi~6wt ~Aenb) w~~v~n~ e? ~mp~~nn~ ~w~ ~Qu~~r. (~rn~ e~ n~M ~ ~nde~ ~nA ~ir~~e d tAi~ w~~rtp~te. Iw ~~eM d Iw P`~~Kd d~m~~~ t.. ~h~ ~nwn~•~ed pr~o..~~ ~i~rr M~~~~~~or ~!?~II pv~ ~wun~• ~ia~ wNie~ 11~ed wNil ~be M~np~ee ~ed tlw M~np~tre n~~y n~~ke pr~~~ d IM~ ~f ~f~ wn~e u~N mrd~ Pr~n?p11~ 1~~ ~S~ ~ ~ . e~K 1 ~lE~ ~~4r:~ 14~3 . . ~ ~ - - - ~ r ~ ~r - ~ ~ _ r~~- ' -