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HomeMy WebLinkAbout0718 .i ~ i ~ PROV1UEDi, AL~VAYSr t6at i~ tLe Moets~sor ~h~ll p~y unto ~he MoirtRaR~+e 1he ind~btedoeN e.:~~tt+.~zs3 !sy s a+tai~ ptisiwr~ ~et,e O~ Ma~C~1 VN IOIIAMl~= ~ Ma~tl! lI11I ~1(~'L~t1 l~ a ~fYC COpr ~0'MII: ~~'~9°9~ NO~i ~ s 26~g.~ Miami. Florida ha~h ~ 19 ~ ' FOR V 4LUE RECF~ VE4 pf~~ ~O Wy iu the ordec o[ DA~?id n• CaII r aII e~s? ~?tOr ~he principal sum of ~t0 ThO~,id~rid 81Z H{~di'Q~ 6~Tent7~1~1~ , oget w~ interat ,~hercun (rom clace at the nte oE [en percent. pet annum uneil macurity. both principal and intertu beinEpa pable in Ia~Eul money of clie United Saca at 203 Roper Building. Miami. Florida. or ac such aher place u che holden 6rreoE may ! designate in wricing. Principal a~d interat papable in insullments as Eollows: ! 1Kt~/ (Ss0.00) D~olle?re p~r raoath, b~gianiag on ~tis 15th da~? o! IS~, 1968, ead oonbiauiag oa ~h~ 15~h de~ o! eaab and ~vory voath tlwr~- ! etter uatil pr~iQ ia tull. i ' 'I'his note m~y tx prepaid in K•hole or in µ~rt after one vc:~r Irom the d:ite herrn( u~wn payment o[ a penalty i ryuivelent to two ~xrctnt ut the princip:il sum prcpaid. i Each inscallmenc parment ihall be credited finc on che interest due. and che remainder on principal; and interat i shall thenupon cease upon the prindpal so credited. j The makeis and endonets oE thu note furtha aaree to waive demand. nocice oE non•paymrnc and procae. u~d ( in che event ~uit sball be brought fot tlu colkctio~ hereof. or tue ume has to be collected upon demand of an aetorner. ~~o pay reasonable ittornry's fea fot making wch collation. i De[ested paymencs harunda s6a11 besr interat at the nte oE cen perctnt. per annum fram maturity until paid. ; This note u~ecured by a mortgage of even date herewi and 'u to be oonswed an3 enforced according to the laws i of che Scace oE Florida; upon default in the papment of prina~l znd/or incerat wher~ due. the whole wm of principal ~ an~l in~erest remaining unpa~d shall, at the o~wot~ oi the holder:, beoome immediately due and pa~rabk. Henry Jordan `nil l iams ~S~~ Prepared by Stanley H. Spinler, Attomey ~5~,~~ 2240 B~scayne Boul~vard. M:ami. F:onda 3313 - ~ ~nd ~hall perform. compir with •nd abide by each and every the ~tipulatioo~ a~rremrnts. eoodi~iow and coveoaot~ ot ~aiJ p~omisMr~ note and of thia deed. then thi~ dred ~nd the e~t~te therebr ereat«d ~hall cc~~t •od be oull ~od void. l. The MoriRa6or 6ereby covenanu aad ~6reer. /~1 T~ Mr ~11 ~nd ~iwRal~r d~e ~i~ei~l ~ed iwterc~t ~wd Nb~r su~ s/ ~e.wer P.~.Ne br ~ietue d ~id Pr«niwry ewe ~eJ tA~~ deed, ~r eithtr. pMptlr ~n the d~~n ~pecti~elr ~be wne ~evadl~ bec~mes d~e. i Ibl T~ pcnait. ~~m~ni~ ~r wser n~ waNe s~d nwin~is ~e ~mpr~v~meM~ all time~ i~ • u~~e ~ood np~ir ~ad c~nd~~wr, •nd d~ •r pene~n be ~ee Mia Preouses ~~hi~~ ~t rrill ~Iter K eh~n~e ~ we ~wd ~h~r~etet O~ Nid PiO~[A1 K in ~u~ rr~~ ~ i~np~ir or we~kew the ~eerritr ef ~bi• m~nM~tt. And in t~~e Il~e ~efua~l. scRlec~ or in.bili~~ ~e M~rtp~tor t~ rea~r .nd ow~~u~~ N~d Preperty. ihe M~rtp~ee ~f. st bu ~Oti~n.-~ke ~rt~ rep~in sr unK tb~ Mme t~ be wade, aw~ a~rawet wene~~ iw t?u be6df_ j 1 c 1 T• par sll ~nd s~nRrl~r ~he utea, awe~~wt~. Itriei. li~bilitia. ~ad ~bliptioa~ d~.~ ..~a a~.:s~a ~.v~~, w~ti G •wJ e~c~~ ahew dre ~ud pyd~k ~tewdiw~t I~r~ belKC t?e becoa~e Jeliwquent. awd t~ ~idiva t~ ~it M~rtp~ee w~r bel~rc ii~i~t~w u ~ 15th ot each ~e~r ~~s rt~e~pt~ evidencinR ~lie p~~nncwt ef ~Il r(ull~ uooe~ed u:ei ter the oreoedin~ ealewd~~ yar; t~ indtmw~(~ Il+~ ~ M~npRee ~p~w Ai~ dea~~nd for ~ll i~:e~; u~cwn~ot~ ~nJ cirr~s IhH m•r be •s.e~ed upew tl~i~ ~np~s ~n tl~e iwdereedwe~ ~ecurrd ~ hereby. ~nd wid b~ U~e mortRatK, «~~hou~ reR.rd ~o .nr la.. bceet~f~re eMrted or hert~It~r t~ re ew~ctea i~~~~~ p+~ew~ ~f ~hc vA~le ~r ~nr p~rt theteef upon ~he MertR~~et. ~ Id) Te p~~ dl ~ad ~~n~tul~r ihe ce~t~, ~har~e~ ~OA lipCMt~ 10l~Yd1AR I~M~tf~ r«. .,~a.ea..n reww~blj iwcurred ~r p~id ~w~ tiw~e b~ tbt MertR~R~e bec~uv of the (~iln~e ~n tAe p~A ~f Ihc NKtp~et t~ perlenn. t«uPlr aiti ~ad ~b~de 0~ e~t6 swd e~ery tht ~tipul~tioer. •pecn~cwu. condiuom •nd rerew~nu ef wid Pnn~iwory nae ~nd this Jeea. ~r e~tbe?. ~wa eoery wc~ p~ew~ ~11 bear iwterut frNn d~te N t1+c r~te ~~n pe~ c~nlum per w~ua lel It i~ (rrther t~venanled •aa •~.ecd br ..~d p.nies ~6n i~ the e•em ~t • ~~it bei~~ ~AM~IWtd 1~ ~NKIN! ~t/ Ip~~t~tt. tLe IIMt- p~ee ~ull be eMitled to ~OPI~ ~t ~u~ tiiwt ~ndiuR ~nch f~reclMUrc ~ai1 t• the t~n~t h~v~~ jwi~diqi~w e~ereef /~r t~e ~pp~iwaent ~ reeeirer d•11 ~nd ~inNlu ~6e o~~ni~i~d V~~~f. ~sa ~f JI re~. isc~sr. in5t~ iM~a ~wd re~ewYa tbere~l. traa v~weve~ ~ewee deri~red; and ti~ereupen it i~ heree~ c:prcwl~ e.•ee..ted •od ~sned ~bn ~be G~.t ~I,.11 /~nL..i~b •ayeie~ ~ocb «eei•c..i~h the ~wl po~+er~ ~~d dutie~ uf nwi•en in like cwes: ~wa rid ~~intw~eM ~I! be ma~e ?r Ihe t~uet s~ ~ wat~e~ ~ Mtid ~i~6t ~o tbe M~rtpRce. ~nd witbeut rct~rence t~ ~he adeqwc~ ~r iwde~uc~ ef tl~~ v~lue ~he prooeny Aerebr m~nR~~ed. ~r ~Ae ~d~en~y ~r i...l.:ner d~Le M~hR.Roc• sr •nr s~Aer p~nr ~fcnd~st t~ ~utb •uit. The M~rtpRor bereb~ ~oeci6ullf v~~~e~ 1At n~th~ ~o ~bj~et t~ the ~~islenent ~f ~ reeeiver ~fwes~~d ~wd be?cb~ nprerlr e~Mewb dwt nch aPp~intnent ~ball br IMdt N M•AQ~u~~d ~ eari~~ u~ au~te? ~f ~bwlu~e ri~tM ~?e M~rtp~te ssd O~c s~ene nw~ be dewe willNVl wNitt t~ IAt M~np~er. If 1 U/~reclw~rt pr~credinp ~ould be inqi~utcd ~pirt t6e Onpcn~ eovered br 1?i~ w~np~e y~w ~nr ~tAer licw cla~rn vheae~ _ dle~ed t~ I?! ~Yatft~f ~f jYDi~f 1• the I~cw of tiw m~etMie. 1be MortpRee m~r u ~i~ ~piion imnud~Ntlr ~Pon ~mti~w~~n ~u~h ~ wi~ d~riw~ the Pendeney 1he?ed dctl~re !l~is s~p~t ~wd ~?r iwd~L~eAwew .ecwed 6e.esr d~.s .uA o.~.ek t•nA~~~h •wd n+~r ~t i ~~ti~w or~~~ed t~ /ore~lNe Ibi~ n~~/t~Re. ~ TMt 1be M~nppr wi1) keeP ~11 ml ~wd Pen~wd ~epe~ n~w K her~~(~er eneumbrred b~ ~Aa lien o( this m~rtpR~ ~w~~rtd ~ ~ aur bs ~equi~eJ f~om ~~m~ a.~~~as br,,~he MMt~~!! ~~INI I~N by bre. winduonu •nd otb~r Iua~rA~. ~~su~l~~e~ ~nd ronunfew~~.~ ~ !•r ~nch oeried~ ~wd ~N w« Isa~ th~w ~rel iw~~uwu r wM~ be ne~~~.ed 6r ihe Mon~•~ee .nd w~ pr~Mo~~ vbew d~~ ~Il pr~m~u~n• ~ !~r ~reh inw~~wrt The sm~uwu ~f inwruce re~ir~d b~ ~s 1bA1p1~et ~h+ll be ti~e mini~nw~ awwwu t~r ab~ch w~A ~w.ur~nr• ~bdl I.e ..rines ~wd it ~II be iacmnbew~ ~rw ~I~e M~ppr rieuiw ntei~ ~djitiow~l ia~~ruKe u wu~ be nec~w~~ ~e w?en •n.l ~o~~pl~ (~ll~ r~th ~11 c~iwrr~wce ~eoriniwewu c~iwed in wia Nlicir t~ tbe end tlut the w.d M•h~pr i~ n~~ • ~e-~e~uror ~A.~.u~.d~s ~ In~ur~wce dult re w?~tuw b~ • t~inp~n~ c~Mwiw .r d~+iRn.ua br ~hr M•~ppe •~d •11 p~l~~.e..~a rmer~l~ ~l?~r~sf , « ~ .r.U be ield br ~he M•Mi•~~e. AII d~a~lea ae.iRs~i«u ~ Il~c M~np~~r ~rhicA •re ~ece ~d br ~1K 1N•ni.iee •wd •U ~~tr~.rKnu ~ kti~ M~p~ ~ M~etp~ete rd~tin~ t~ i~~~wt~. N~ taitlinR M hete~fler ~de. ~ 1 bt ~w rrnun~ ~a~ ~ball be • p~r~ ol ~hu f~1~~1~~t ~~CM Y~IIII~ Y IMY~ KI IMJI ~lI~IIt1 IICf't~0 Ma ~II t~rlf0 bNl~ ae~ie~ IKret~ ~nd lbeir wt~ewrs •nd ~w~Rn~ ~ N~ liea ~Nw ~wl ~f ~sidp~ licie~ d inr~ruee r~w u~ tefewd ~r r~wrw prem~un~ rb~tA m~r b. o.~.ble tLr ~~e«Il.i~on 1en~~w~li~w tbt~ed. ~bsU bt Ri~ew N N~ tMw ~ M~ttp~a+~. eatep~ bf~ Me~ ~o.lorae~wt •IGi~A s~r? ~1~~~ •wd ~pp~o.~d L~ M~e~prs. f.~er rliq ~f iwwr~~es d~sll Iwae ~ise1 tl~eM~ • ~unda~d TI~.. Y••k M~npRc. l:l~wr v~~1~~~~ C~~~new~~w, m~?~nR •~I I~N N I~Mt~ M~l1 ~rch Mli~>p >~61e t~ Ire MMp~ M iu i~~ereM ~n~~ ~Ppe~~. lw IM ~~rnt ~w~ wn~ ~r ~uwn d~w~wr~ Mr~mr M1~~ ~?~~w~e~ ~be MKtpsee ~11 ~~~c t`t qtiM t~ ~ec~ioe ~wd ~Ppl~ ~M wmt ~w ~~~~rn~ ~h~ iedeMtdwew l~ttr?~ N~Yff~I, a 1~ oenwil t1~e M~~~ N ncei~rt ~wd we i1. N Nr ~f 1bre~f. ~ri1MW ~A~re~r v~~v~n~ ~~p~~r~w~ tQwtr. I~~w~ •r n~Al ~ • w~da u~ ~e~t~e d Ilw A~rtp/t- Iw ~~s1 d Iw ~~~~1 d~w~~~~ ~w ~t iwwApRed orq?n~ ~Mn Mrt~~~~~r ~MII p.~ ~w~n~~• . ~ ~i~N w~tfe~ 11~s~/ b~i! h~e MMtM~ee lianp~c ~r wwke pr«~ d 1«~ d ~i~? wrwe n~t w~.A? p~m~wl~ ~b ' 800K 1 / FAGE . ! ~,8 - • ' ~ - i;~ :~~~-~.:~~~.~s. . ~