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HomeMy WebLinkAbout2112 . PROVIDED, AI.WAYS. that if the Mat~~`oc shall pay unto the Mort=a~ee the indebtedness evidenced by a cettain promissory note o[ whicb the followin~ in words and fi~uces is a true copy to-wit: ~ : 2, 875• ~ ~ June 21 69 . - 19 F'OR VALUE RECElVED I b~ ' co the order oE SOL WEICH and SES~"IA WEICH h3s w1 ~ the pcincip,l ~ ot wo ousand EiQht Huncired Seventy-Five , ~ w;~,;~~ thaeon from date at the rate of ten penxat, pa aaaum uatil matwity, both principal and iate~est bein6 W1abk ia lawful monry of the United Statca at 224~ Biscayne Blvd., Miami, Florida, or at wch ot1~ plaoe as the fioldas haeof auiy d~ate in w~itina. Principal and intaest pnysbk ia installmenta as fotiows: Forty-Five ($45.00) Dollars per month, for fifty-nine C59) consecutive months, on th~ 15th day of each and every month, beginning on the 15th day of August, 1969 and continuing until the lsth day of Jul~, 1974, at which time the halance shall become due an,d payable. This note may ba prepaid in whde or in part after one year Gom the date hueof upon payment oi a penalty equivaknt to two pereent oI the principal sum prepaid, Each installmcnt paymeot e1n1! be crediited first ot~ the inte~est due, and the remainde~ on principal; aad interest sh~l there- upon ceaee upon the prineipal ao cr~dited. The makers and cndorseis of thia note further agree to waive demand, notice of non-payment and protest, and in the event suit ~t?all be brou6ht for the cdlection hec~eof, or the sarne has to be colketed upon demand of an attorney, to pay rcasonabk attomey's fres for making such cdlcetion. De[erccd payments hereunder shall beu intet+est at the ate of ten perceot per annum [rom aoaturity until paid. This note is sa;ueed !ry a mort~ge-of even dste herewith and is to be conatrued and eafocoed accardins to the Iaws of the titate of Elorida; upon default in thepa yment of principd andlor inta~eat ~vl~cn due, the whole eum af principal and int~eR remaining ur~paid shall, at ihe option of the holders, become immediatdy due and payabk. ~TOhn BOOriB (SEAL) PreWred M~ Spiekr & Tendrieh, Attaney~ - 2240 B. (SEAL) rcayne 81vd.. Miuoi. Flarida and shall perfomn, comply with and abide by each and every the stipntations, agreemeats, conditioas and covo- nants of said promissory note and o[ this deed, then this deed and tlie estate thereby created shall cease and be nuil aad void. 1. The Mortgasor hereby covenants and agrees: (al To pay ~II aad sin~ulu the principal apd iaterest aod other sums o( mooey payable by vinue of said promisaorY pote and this decd. or either~ promptly oo tAe dsya respectirely the same aeverslly becoees d~e. ~ (b) To permit, cammit or sutter eo rraste s.~d to maiatain the impcoremeab at all tioea in a state ot sood repair aad coaditioo~ :nd to ¢ do or pemit to be doae to aaid prem:ses notAin~ that ~rill •Iter or chan~e We use aed cA~r~cter ot said propcrty oc in any ~ay impai~ or •eakea the se~unty ot tbis morip~e, And ia case o! the retusal, ee~lcet or iesbilit~r d We Mwtsasor to reps'u snd ~aintain said proper- ty. t6e Mortpsee may~ ~c his optiaa. make sucb repairs or cause t4e s~eoe to be made. aad sdvaoce mooeys in that beA~lf. (c) To y~y all and ~iesulu tbe taaes. uaeuoents. {evies, lisbilities, aed obliptioos ot every nature oe ~~id described property eacA and every rAen due and Payable accordio~ to larr. bt(ote tluy ~SCOOe delinaucet. aed to detiret to tbe Yortia~te aa or before Ilart6 lith of each yeu ta; rceeipts erideocia~ tLe p~ratet ot all lartully irposed wces for.tbe yrceedin~ c~leadu year- to indemaify tde 11a4uee ~poe his dtNnd toc all ta:es. aasessseats aM cbar~es that oar be usessed opoe tAis eonssse oa tAe~iedeptedneas s~- cared 4erehv, sed paid br awrtaa~ee. rithout re~ard to aar 1~~ Aeretofore caacted or hue~tter to bs eaacted isoosie~ p~y~aent of the ~hole ar ser ~art tbereot upou tbe ?lortisjee, ~ (dI To p~y sll and si»sulu the costs, char~es and expeases. includin~ lavrers' fees sed absttact eoats reason~bly incutred M paid at aey time by the Mortp~ee pecause ot tLe tailure oe the p~rt ot tAe ?lort~asot to perfors, coaplr rith and abide br each ~ed erery the stipulatioas. ~srceaents. coaditions and corenanu o( said pcoaiasory note aad tAia de~d. Dr eit~et. aad every aue6'paysent sball bear tA[tflll ~f01~ ditC ~t tllt tilt O~ lC0 (IO~r~ ptt Ctp11110 p!t tAOYA. (e) It is furthe~ covenaated aod a~reed by s~id p~rties that in tAe ereat ot a suit beiu~ iestiwted w toreclose tAis eRatsase. t~e Alort- ptse sh~ll bs eatitkd to •oplr at aar tise peadioa sYCA toreclos~re a~it to t6e coutt lurie~ jYrisdiclim tAeteof !ot thc ~Opoialwent ( of a recei~e~ of d! and sin~nlsr tbe eort~~led Prope?tY. and of all reab. iscooei, profita. issues ~nd re~en~es thereot, fros rhatsoerer } source deri~ed; aed thereayoe it is bercbr expreaslr cores~ated •nd ~~ned th~t t~e Caut akall tortAritA a~oiat sucA ~sceivt~ ~i~h ~ t6e wwl porers aad duties ot receire~s ia lite cuea: aad said •ppointmeot sh~lt be Wde Sr t6e coutt ~s ~ eattet ot striet ri~At to the ~I~atsasee, aud +ritlwut ~efereace to tbe adeQwcy or ie~dep~~cy ot We ralue o( t6e p[opertr Aerebr aat~ased. or to tAe solveocy or iesolvs~e~ d t?e Mortaa~ors or aer ot~a p~rty defeadaat to snc6 s~it. The Morttajot Aetebr ioecitit~lly v~i~es tAc n~6t to ob~ect to tAe sopoiat~eat o( ~ recei~er as aforoaaid ~ad hersby eaprsufy coaacacs ~at aYe6 apooietaeat sAalt be ~ade as ~a adw~tted equ~ty asd as i s~tter o( ibsolul~ ri~At w tAc Mort=aaee ~ad tAat tAe sue yY Dt dooe ~ithoot eotice to the ?Iptp~or. (f) If foreclosure proce~diap s~ouW be ~nsci~uted .a•ins~ we aoper~y eo~ered br mi. eoKSa~e rp„e ,er on?cr lien ot cl~i~ ~fiether alle~ed to Ae superior a jmior to t6e Iiea of this ~t~a~e. tAe Yott~a~ee s~y ~t Sis oPt~ow issediatety upoe ~nstitut~oo of aucA su~t a Qotie{ tbt pendeoe~ tbtreot dccl~re t6i• ~ortpse •ad tAe i~debtednsss sscor~d Aaebr due tnd p~yaslc lortb~~th and wY a~ ~ts i option yroeeed to taeclose d~~s eortpae. 1 'Ih~t the Mataaaor ~rill keeP ~II real and persoaa{ proyertr oor ot 6erea(tet escusbsrod br ehe I~ea ot tAis ~sat~ase iwsured ~s way be reqYired Itow ti~e to ti~e sy tAe ?tort~a~ee asainst Ioas br fire, ~r~adstar~ and otber 6azards. c~swlties as~d conttn~cncies (or such Pe~+ad~ ~ed /er sot kas t6a~ spcA a~ra sa ~ay Ss rep~ued !r H~e Honjasee .~a ~o A•r v~o•o~~r •~en due all preauuas tar six~ ~esrruce. 71s ~ao~wts o( i~srr~ece r~~ired bp the Mort~a~se s?all 6s tbe ~us~w a~ounts fot w~h~cb sa,d ieswsnce shall be ~ntien aud it slull be qIC11~tAI ~011 UIC YOftStsOt t0 YLttl~1 •ocA ~4ditimal ~~.ra.ce ie .«c::.ry w.Kee .pe ~~pir r~nr r,~A a!1 co-i~urraace rep~irsoeats contaened is sa~d ootsci~s to tbe s~d tYat tse said ?{ort~a ~s ~ot ~ co.issuror tAsre~r?der.lnswancc sAall M r~ute~ !f ~ co~s~r ar co~eies ~~o~ed or d*~~pated `f ~hc llat~aase ~~d all ooiie~es ~ad rt~ersls ihsreof sA~ll Ae leld A7 tAe ~/art~a~ee. All detailed des~~aatioss br ehs Yort~aiur ~rliic~ ~re accsotN 6~ d~e Jdortpjse aaC atl ause~eaq ist~eeR ?/wt~~~or aAd Mortja~ee rsl~~~sa to in~ur~ace. ~o~ eauan~ or ?sreafia wade. sb~ll Se in otit~ asa sAall At ~~art of th~a ~satp~e aarce~snt ~ u tolly as ~loYih set fortL rerbaaa Aus~a and aAa11 ~orerw bot~ oarties hsreto ~od tleir arccesso~s sed ~ss~sas. No I~en ~pon ~er of j a~i0 ooliciss ot uuurascr or uoo~ up ref~ a retwn f#icR arr Se ~yable oa t~e cuceUaaoa or terw,r~a~ioo iAcreot, sAs!! s be N~~~ te otAer ~A~s tl~e yo~t~a~c~. siceot b~ prooer endorseweat a(liaed to sud oo1~cY aad s~roveA br Mort~astt. Each ool~cy o( ~ ~ssrue~ sAa11 wve atfia~a tAereto ~ Sta~d~rd Ns~ Yark Morya~es Cl~ws s~mort Cawv~Oruoa, ~yk~y ~11 loss oe loaass wder >ucA ' oolicr oa7~ble to We Alorcµ~~e ~s ita ~uareat wr ~p~eu. b ~?e ~~eiet ear s~ a a~s d~er b~coos ~ ~s~st seall Aave tl~e ~ r Mriele iLerewider tAe 14ort- : o~t~oe to rece~rs asd a t vt sawe ou ~ccornt ot tis ~aNAtedpsss hers?y sscYr~A. a to oenut tAe ~Ia~~~Ew F to recei~e as0 we it, or u1~ p~rt dureot, ~itAort d~s«ar ~uvu~ or ~~une{ asY eq~~ty. Ge~, K n~M~ wd~t ~wd bY ruinc af ch~• ~ortp~s. i~ ereM o1 Iws a~r.x,i e,.,a~ !o tAs notysatd proOsrtY tAe MortaKw s~all ~i~e ~w~tl~~te woUct tl~treof Ay ~~~1 ~n tMe Mart~aite aed tAe I~Iorl~ee ~Y s~ke proo( o( lo.s ~bs ~a~e ~s no~ eead~ pro~ely sY We llfor or. le e,ent ut lorc~ln.ure o! ~ • ~~~1`~s •~~z~so ~ _ ~ 3~ ; _ _ ~ ~ ~ S'~ _ ~ ~