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HomeMy WebLinkAbout2182 , ti _ ~ ; ~ ~ 3 PROVIUBD. AI.WAYSr t6.e it t6e Mort~~ao~ .h.U P.y unto 1he MortRaRee Ihe ind~hteJneN r.vidrnceJ br a ~ P~~n o~ ol w6ich ths tollo~rin~ io Mrord~ a~d figu~e~ i~ a t~ue topy lo•wit: } ~ ~ ' - A~la~s No~. s 2525.00 Miami. Florida February 24 ,19 68 ~ We, jointly and severally ' FUtt ~ :V.l'F: 1{M:CEI~'FI) pruiniv l~? ~?ay ~ t~~ th~• ~~r~~•r~~f ~'~OB~~T ~ICHPLAN and ~UTH ~~ICHMAN his wife ~ ' tl~r prim•ipal ~um uf 2'WO Thousand Five_ Hundred Twanty-Five and u~ ,,:1N~, lu~rthrr w•ilh inlrn•~t ' th~•n•un from dat~• uf th~• ratr uf trn prn•~•nt, p~•r ~nnun~ until malurily, twlh principal and intcn••t b~•in~ pa~~abl~• in IaNful inun~•~ f of th~• l~nit~•d ~tat~•; al '.'.''•4~E lii~•:~~ nr lilvd., 11i•rmi. Mlorida, or at such uth~•r plac~• as thc lu~ld~•~ h~~nK~f may drsi~nat~• in writin~. Prin~•ipal and int~•rc.t pa~•abl~~ in in•l:Jl~m•n4. r. foUuws: Fifty (;~50.00) Dollars per month, beginnin~ on the 15th day of ~pril, 1968, ~nd continuing on the ljth day of each and every month thereafter until paid in full. This note may be prepaici in ~vhule or in pert after one year Erom the drte hereot u~~on payment of a penalty equivalent to two perrent ol the principal sum prepaid. Each installment payment shall be credited Eint on the interest due. and the temainder on principal; and interat shall thereupon c~ase upon the principal so creditcd. _ The makers and endontrs ot this note funher agree to waive dtmand, notice of non-paymenc and protesc. and in ehe event cuit shall be brought for the collection hereof, or the same has to be collected upon demand of an actorney. to pay nasonable attorney's fees for making such colltctioa. DeEerred payments henunder shall b~:ar intanst it the nte oE ten percent. per annum from maturity until paid. ~ This note is secured by a mortgage of rven date hert~vith and is to be eonstrued and enforced according to the laws of che Stace oE Florida; upor. default in the paymrnt oE prindpal and/or interat when due, the whole sum of prinapal ' and interat remaining unpaid shall. at the option of the holders, b~eceme immediately due and pzyable. ~ecil ~i. Hazellief ~g~,~ Prepared by Spieler A Tendrich. Attomeys. ~thel HSZe11~E1 2Z~0 Bisc~yne Blvd.. Miami. Florida ~5~~ ~nd •hsll perform. comply with •nd ~bide by eaeh and ev~y the ~tipul~tioa~„ a~treemrnta. coodilion~ and covenaot~ of ~aid promia~orv notc an~1 of thi~ dred. then thi• dKd •nd the ~~tate thereby treyt•d ~hal) cr~~e •nd be oull ~od void, 1. The MortRa6or brreby covenants and a6ree~: /~1 T~ p~~ •11 ~nd ~~nRul~r ~he pri~eip~l •nd iMere~t ~nd ahs ~uma ef m~nel wr~le by ~~nut of r~d pt~en~~ory AYIt •wJ ~hi• I deeJ, ~r ehher~ promp~l? on the d.r• re~pr~uvel~ tbe Mme ~e~~raltY beeomes due. Ibl To penn~t, r~mm~t er wQer no ~.ute •nd ~n m~inuin ~De ~mprov~ment~ ~1) timp in • q~te of ~ood r~pair aed cond~h~o; •nd ~o do o~ prnmt w be done to a~id premun no~hiaR th~1 .~~II dter •r chan~e thr u~e •nd ~lun~ter ot wd proOen~ ~r ~n •nr ..a~ ~mp~~r or w~~k~n the ~e~~nt~ et 1h~~ mer~~taRe_ And in c~K of thr ~elua~i, oeRlert o~ ~na~ilit~ ~be Mon~.~or rsp.~c.~d m~~~u~~ ~~~d preptn~. the Mort~~R~e ~t 6u oplion, m.ke ~~eb rep~ir~ or ~iua~ th~ M~ne te be swde. awd sa~~nee a+ont~~ ia t~t beh~lf. Iel T~ p~r ~11 ~nd •~nRul~r th~ I~~t~. a~~ewm~nt~. leviey, li~bil~ti~~, •nd obli~tioe~ of evet~ w~rrt .o a.id desc.~bed P.•p~.+y n~h •nJ e~er~ ~+hen due •nd p~y~l.le •ecord~nR ~o I~v+, before tbey becom~ Jel~nquent, ~nd to deliver t~ tbe Mortp~et en ~r ~lo~e M~rrh 15th of e~ch ~e~r uz. ~e~e~pu ~vidrncinR ~be p~7men~ of ~ll I~wrfullr ~mps~ed u;n for tl~e precedins td~nd~r re~r. t~ ~ndems~fr th~ Mert~R~e upon hi• dem~nd for •II t~i~~. ~a~~~m~nt~ ~nJ e6~r~s Ih~t m~y be •s~e~.ed upon thi~ o~rtp~e on Ihe indebtedne+s ~ecund hcrtbr. aed p~id br 1~+c morlR~lt~~, v.~thoul r~~tard ~o •n~ I~w berrlefo?t en~~~ed or ber~d~~r ~e be en~cttd ~~pwi~~ p~rwtnt of ~i~e •rhole ~r ~nr p~r1 th~rco( upon ~h~ MortR~~~t. Id1 To p~~ •11 ~nd •~n~ul~r the co~u, rh~rRc~ •nd tap~n~e~ iodud~nR I~~r~erti tcu •nd •bNr~ct cwt• reawn~bly incurred or p~~d n •n~ time b~ tht Mon~t~R~e be~~uK ot 1h~ (~~lurt on tAe p~rt o! Ihe Nen~~~tor 1o peeionn. c«upl~ ~rit6 ~od •b~de 6r e~eh •nd erery the ~tipul~l~on~. •Rree~nenu, eond~~~om aoA ~ov~n~nt~ o! uid pro~n~~~o~ nott ~nd th~• dted. ~r ti16e?. •nd t~ery ~ucb pa~naent ~h~ll bu~ interert tro~n dale ~t the ru~ of t~n prr c~ntum per •nnwn Iel I~ i• further covee~nt~d •nd a~reed b~ ~id p~rtie~ t6u is the ev~nt of • suit btiwR in~~iluted Io /or~tlwe tbi• ~ortp~e. tbe M~n• p~ee aMll be enud~d te applr ~t ¦n~ h~ne prndinR ~neh f~rcdo~ure mi1 te J~e court luv~os j~n~dicuen e?ertef ~ot tbe ~pp~~otment • receircr o1 •11 ¦nd ~inRul~r tbe monpRcd propenr. ~nd dl rcnu. incomas. pro6y, IMYd ~Ild reveaaer ~berc+f, from ~.~wever ~outce deri~ed; •nd ~Aereupon i~ i• hereDr eapreNly e~vemoted ind ~~ered ~h~t ~bt Ceurt dull torthvith ~apoint ~uch reeeiver .i~b ~Ae u~u~l po.~er~ •nd du~~e~ ~f rer~iv~rs in lik~ cyer; ~nd a~id •pp~inunent ~h~ll Se .p.de br ~he ~euK s~ • m~net oi Ntie1 ri~Lt ~o ~he M~~t~Rce. •nd r~tbout rcf~rence 1o the ~dequ~cr or in:deQu.cr o( th~ v~lu~ of tht propertr herebr mo~t~t~~ed, er ~e t}~e ~olvency ~r inNl~.ne~ of tAe MortR~Ror• er •nr n~hrr p.nr d~fc~d.o~ Io suth su~t. Tht Me?tpRor bereb~ ~pe~ifiull~ rra~re• ~bs r~~h~ ~o ~bjee~ t~ ~e ~pp~intment of • rccei.•er r~ ~fort~~~d ~nd beres~ acprtwlr ~on~enu th~t ~aeh ~ypoin~o~ent ~h~ll be m~de ~n ~dimu~d eauit~ ~nd r• m~tt~r of •bwlute riR!?1 t~ ~be Mortp~ee ~~d the um~ m~~ be done ~rub~al notiet 1e tht M~rtp~er. ~r~ tr r..«io.~.~ proc~ed~np ~hould be ~mti~uted •pi~t 1be pr~per~v covered by 1bi~ rn~np~e upon ~nr eti~et lien o? cl~im wl~etl~er dle~ed t~ Ae •uperior or jumor to ~he hen of thu m~efpse, I~~e MonR~Ree m~r •t hi~ opuon ~mmed~~tely ~pon ~nuituuew e( w~h •~it or dunnR ~he pendeaer Ihtreof de~l~re thi• m~Ap~e ~nd ~ie ind~Llednew ~ecured br~ebr dut ~nd pq~ble f•nA.~~h •nd .n~y ~t~ ~ptien p?e~~ed to for~rle~t th~~ mortR~~le. ({1 Th~1 tb~ Menp~~r vill keep ~11 ~e~l ~od pt~son~l Proprrl~ now oc h~rrJ~er en~umb~~~d b~ tAe li~n o( ~A~~ mo~~pR~ ~mur~d ~r m~~ be rtquuaJ (rom t~me 10 ~une br the Monp~ee ~p~nn lea br 6re. w~nd~~onu •nd otb~• h~suds, ~~~ual~~~• •ed ~om~nRen~~.• fer •uel~ pcriod~ and fo? nw ler th~n •u~h .~.ouwu u s~.y be .eauired br ~he Mort~~Ree ~nd ~o pa~ prumptly ~+hen du~ •II prrm~um• for ~u~h inau~~n~t. The ~mount~ sf ~nsur~n~e reQuirad b~ tbe ~lortRsRet •h~ll br th~ mim~num amount~ (or ah~~h ~~~d ~n~ur~n~• ~h~11 lit .rriutn ~nd il ~ball be incumben~ upon the M~ARaqr ~e miieuin ~u~A •dd~t~un~l ~n~ur~nce m~~ bt ntcw~rr ~o ~+e~~ •n.i . on~pl~ fuU~ ~.~Ih ~II coitrunnee requveenrnu ~o~~uned ~n wid P~licie~ te tl~e end lhst tht w~d Non~ts~or i• no~ • ~o-~nwror ~A~r~und~r In~ur~nce •i~~lf be ant~en b~ •~ompan~ ~r comP~nie~ ~ppr~~ed drs~Rn.~ed br ~h~ M~n~~~r~ •nd all pnl~~~N •ed rene.~l~ tA.r~of ~k~ll be 6e1d b~ tl~e Mort~~~ee. All Jeu~led daiputi•w~ b~ tM Mon~~~er ~.h~cA ~re ~ccep~ed br th• Miny~~ee •nd •U •~~.r.eou 6etn~en Mertp~or ~ad Menp=:e rel~tinR irr~r~wca. se~r niu~~~R ~r i~eredrer m~de. ~h~ll be ~n r+~~~~n~ ~nd ~6~11 be • par~ of tA~• w~~etp~e ~pameet w~~ll~ r th~u~h ~rt /~rtl+ ~erbatis~ Aertin ~nd ~lull Rov~ro be~6 p~n~~s h~r~~• ~nd ~6e~r ~~~~e~wr• •nd ~~~~~,n~ IV~ lise ~~n ~n~ ~~id P•lie~e~ ~f IMYf~Ot! ~pow ~e~ relund er ~~IUrn pren~~um ..h~~h may b~ ps~~bl~ oo tb~ ~~n~~ll~i~on or tenn~w~ti~w ~hert~/. ~A~11 be ~i~ew 1~ ~~bt~ th~w 1b~ MortpLce, tz~ep~ br ~~p~~ ~e~lor~em~m ~lfis~d t~ ~utb pel~~~ •nd •ppro~rd L~ M•n~,.~se. E.c~ o.l~er et INY/~M! dull I~e ~~ized thers~e • Jundr?d ~i.. Yert M~n~~Rt~ ~.I~YK w~lA0Y1 (:oe~nbuu~n. m~?~n~ ~11 I~M Iwe~ ~eder ~u~h ~li~>w >~blt t• ~bt Mortp~t~ u{I~ int~etp ~n~~ •ppt~r. In ~h~ ~~r~t •n~ ~~~n ~r ~un~~ of ~noe~r Mron.r Pa~~?le tAe~e~nder ~he M~r1~~~ee ~h.l) h~~e t6e ~Pl~ow 1• ~ec~ive •nd •ppl~ ~A~ ~~me •n •rro~m ~f ~A~ ~ndeb~•d~ev~ 1?tr~sr ~~~ut~~1, pern~it ~he MNtpi~? t~ rcce~.e ~ed we il. ~s~ p~A tlweof, v~~~~u~ ~Aeres~ w~~~~n~ •r ~mp~~nn~ •w~ eQuur. b~e+ •r n~h~ ~wdsr ~nd ~ir~re tl~i~ wortp~oe• Iw ~~eet Iw •r o~~.K.l d•m•~,. ~e mn~tp~ed or~Mn~ ~hr M~n~~~tor ~h~ll ~~v~ ~e.n?.- ~1~ wNit~ Iiwee~f ~il t~ ~be M~rtp~ae •wd ~w M~npR~e w~~r m~ke Pr~~( 1~ d ~la w~wt ~~t m~d~ Pr~mpll~ A~ ~S~ ' - ~~oK~70 f~ACE~1"15 . . ~ C : ~ ~t _ : . . - ~ _ :s~5. _ , . a - ,a? wr"• >~,•ca`=~ ~ ~ . ~ _