HomeMy WebLinkAbout1542 PROVIDED, ALWAYS. that if the Mort`e~or shall pay unto the Mort~agee the indebtedness evidenced by a
certsin ptomissocy note of which the following ia words and ~~ures is a true copy tawit:
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? s 11?~.00 M~.n?~. F~a~ J~w 14 b9
fOH V Al.l1E HE:CEIVED w~,~~~~ M~ N~~r~~ ~u101w (u ~laV
to the orde~ ut h'~/~L~ . ~ ~yp~QQ_.~__.~ .
the ptinciwl wm uf _ ~LI.ARS, to~ether with ~nt~rrat
thereo~e (rum datr of the yte oi I~n percent, per aeu~um until maturity, both principal and i~terat bei~ p~rabk in lawful muney ut
the Ueited ~tur~ al 2'244 Bi~cayne Blvd., Miami. Fbrida. or tt wch otl~e~ place as the holders htreo( may de.ignatr m wnting.
Principal ~nd inten~t p~yabk in inslaUment~ as [ollo~n:
4'DirO~-~i~~ t~35•~) Doll~ra p~r ~onth~ bsginaing on ttM lStb de,~ o!
Angusti 1969~ an~d aontinuia?g on the 15th d~ o! e~oh and ~v~r~? moath
th~r~~ter until paid ia tull.
ThK note may be propaid in ~+hok ot in part after one yeu (n~m the date hercol upon payment ot a pendty equivalcnt tu two
pereent of thr principal wm prepaid. .
Each in.tatlm~nt paymeat ~all be cadited firat an the interest due, and the rrmainder on principal: and interr•t shall th~te
upon cea~e upon thr pnncipat w c~edited.
Thr makera and endonea of tha note (urther s~ee to waive demand, notice oi ~o~•paymeot and protest, ~nd in the event auit
shall br brou~ht Ior the cdlectioe heerot, or the ame has co be cdlected upon demand oE an attorner, to par ressunaW~ attorney'r
~ fees (or makin` wch cdlection.
Deferred paymentt hereunder ~haU beat intetest at the rate of ten pe~rent per annum fwm nuturity until ~aid.
This note is ~~ured by a nart~e of even d~te here~+ith ~nd is to be .:omdued and eefaoed aceordm~ co ehe laws of the
~ 5tate of florids: upon detwlt in thepa~riaent oi principd andlo~ i~te~t when due, tl~e whde wim af pnncip~l and inten.t
~emainin` u~paid ahdl. st the optioe of the holdc~s, becwae unmcdiately due and p~yable.
Fddie Witcher ~ti~.ti.~
Odesea Pickens Witcher
(,E:11. ~
~ ~M~~ M~ ~ Teeiieh. Attaewefh - 2240 Bi~ayne ~.a . Mi~mi. Florida
and sha~t perform. comply with and abide by each and every the stipulations. agreements, conditions and cove-
nants of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be
null and void.
1. The Mort~agor hereby covenants aad agrees:
To pay sll aad sirt~ulu tAe principal and interest aad other sums ot ma?eY WY~ble Dy rittue ot said pranissory note and this
deed, or either. promp~lY oa the days respectively the same severally becomes due.
(b) To permit, coemit ar sufter ao rvsste a!d to msintain tAe imptoremcats at all times in a state o( ~ood repair and coaditioa. and to !
do ot permit to be done to ssid premises nothin~ ~hat will alter or c6an~e the use and chuacter ot ssid property or in any vay impair or i
I resken tbe s~curitY ot this mortp~e. A~d ie case of tde refusal, ne~lect or inability ot the Alortpior to repair aad maintain said proper-
ty, t6e ?lortp~ee may, at bis optian, mske suc6 repairs or cause the same to be made. and advance moneys in that behalf.
~ (c) To p~y all aad sinsulu tAe ta:es, aasessments. levies. lisbilities. aad obliptipos of every nature on aaid described property each
snd evenr Rsen dne and paYable accadios to I~~r, betore they becaoe delinqueat. aad to deli~er to tAe Mortaa~ee oe a bet«c MarcA
1Sth ot eac~ Yeu tix receipts eridencin~ the papa~ent ot all la~rtully isposed taxes for.tse precedins c~lena~r year; to indemnity the
blartsasee upon his deo~nd (or all taaea. assessments aod cdar~es Wat may be sssessed upon t6is no~~~e on tbe indeptedneas s~-
cured hereby, and paid by t~e aorti~aee. riNout re~ard to any lar heretofore eoacted or bereafter to be eoacted imposin~ payment of
the rhole or aaY Mrt thereof upon the 6/ort~ssee.
(d1 To p~y all ~od siesulat the costs, ebar~es and e:peases, includin~ lawpets' tees and abstract eosts reasmably incuned or paid at
sny time by 1he blortp~ee because of the (ailure oa the p~rt of the Mort~a{or to per[orm. coaply ~ith aed abide by eacA snd every tdc
stipulations. asreemeots, toeditions and corenaats ot said promissory note and t~is deed. oc either, and every such'payment shall bear
irtterest trom date at the nte ot ten UO'~r) per centum per annum.
(e) It is further corenaated ~ad aSreed br~ssid p~rties 1!?st in tAe event of a syit bein~ inatituted to foreclose this mott~a~e, the I~lort.
~s~ee sball be eatitled to •pply at ~ny time pendins sucA foreclos~re suit to the courc 6avioa j~risdictim tAereof fo~ We appo~ntaent .
ot s receirer of all and sie?snlu thc sortia~ed property, aod of all reets. iecomes. profits. issues tod revenues thered, traa ~rh~tsoever 4
source derired; sod thereupoo it is hereby e:presslr coveosnted aod a~rced that the Caut shall forth~ith sppoiat suc6 receiver v~th :
tAe uswl pove~a aod duties of receivers in lite c~ses; and said •ppointment shsll be aude by the court ss a autter of strict risht to i
tbe yorta~tee, and ~rithont reference to tAe adequacy or inadequacr of the value of the propertr Aerebr satpsed, a to the aolve:cy
a;o,o~~wxr ot a?e ~o.~s.so~. or aay ot~e~ puty de(endaat to such suit. The Mortp~or hereby specific~lly raive~ the ri~ht to ob~ect
to the apoointseot ot a receiver aa afo~es~id aad hereby eapressly eonscets tAat sucA ~ppointw~nt shall be sade as an admitted equ~ty
aad as a matter of absolute ri~ht w the MortNtee aad that lbe same s~y be doae ~ithout notice to the Mortta~w.
(f) 1f foreelosure proceediap should be iastituted a~ainst the property corered by tbis ~tp{e upoe any ot6er lien a claim .hether i
alle~ed to be superia a ~uoior to ~Ae liea ot this oartq~e. the Yortsa~ee m~y at his optioa imaediatcly upon ~esuwuon ot such su~~ ~
~ or durias t6e pendeacr thereot declare this mortsa~e and the iodebtedaess secired hereby due and payable (orth.ith and maY a~ ~ts
optioo proceed to facclwe tAis sort~a~e. ~
(v 7Lat tAe Mortp~a ;ill teep ~If re~l aad persmal p~operty ao~r a hereaftcr cncum~ered by the I~en ot this ~tsa~e ensured aa may
Oe reauired [ro~ ti~e to tise by tAt Mort~~~ee aNinst loss br fi~e, ~r~adstore~ aad ot6er hazards, casualtiea snd coeun~encies (or such ~
periadi aM fa aot lesa tDas such asounts ~s ar be required Ar tde Mwtqsee sad to paY prosptly ~~hen due all prem~ums fa sucA
~asuraae~. 71~ a~oreta ot iyunsce teq~ured by tbe Ulorts~iee aball be tbe ¦ioiswe amounts for ~h~ch sa~d insurance shall be sr~t~en
aed it sAall be tOCt1~tA! ~011 IAO MO(t{~~Of W MlAtatll f11th addit~aa~l ?ssarsnce as aaY ~ necess~ry to meet ard canply tully v~U~
•11 co-iasurance requireeeots contained ie s~id policies to t6e ead that the said Mortta~oc is not ~ co-insuror thereunder.lnaursnce
sha1) be rtitten by ~ cosp~sr or co~paoita apptorcd or dts~~na~ed pr the Morts~~ee and all pol~cies sad teoewals thereo! shall be AeIJ
bp the A~{o~t~a~ee. All detaited desi~aatims br the U{orta~~or rh~ch ue accepted br the lifort~a~ee and all ytlMepts btlrteA MOtlN~or
and Yortpsee relatin~ to iasYr~nce, eo~ eaiitin~ or Aere~(ter usde. sball be in rtitin~ and sb~ll be a p~ct of ~his mort~s~e ~ireemeet
as futlr as thou~h sec forth rerbau~ Serein and shall ~o~ero botY parties hsreto and tl~eir successors and sssi~na. No lien upon any of
~ s~ld ooiiciea o( insurwce or uPoe aa7r reGufd or retura prew~uai ~hich ~ar be p~Y~ble an the caecellauon a term~o~tloe iAereot, sh~ll
be ~i~en to otber Wan tAe bortp~ee. excepe br p~oper endorseaxni .(ti~ed ~o sacA pol~ey and a~oved by M«iaaaee. E•ch pol~cy of
iaawascs aA~ll Aave affixed thereto ~ Staodard Ne~ Yak Mortta~ee Clawe ~itAout Coauibut~on. ~tin~ •11 loss or lossc~ under ~uch
policr arable to t6t Mattp~ee as ~ts iaterest euT ~Opa~r. Ie the e~snt aey aum or sw~s o( moaer bccoa~e p~rable thereunder the ~fori-
~~~ee siall Aare tAe optioe to receire aod apply We •~we oo accoant of tLe iodeAtedaess 6ereby secured, a to permit thc Nori~aFor
to recei~e and we ~t. a any ~rt tAereot. ritAout thcreAy ~aivin~ a~aP~irio{ aay equ~ty, t~en. a n~bt under and ey vu~re o( thi.
watsa~e, te eveat of Iws or o6ysic~l dasa{e to the ieort~~~ed property tAe Mort~a~or sh~lt ~ive ~mmedute nouce thereot by rra:l cu
y; tAe Maipaee ~nd the.j{orts~~e ~ay ieake prwf o( loss ~f the same is eot nude promptlY py tAe Rtottsaior. In erent o( (cxt~l~•ure of
~ e~o~ ~7$ Pai~~J~~.
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