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HomeMy WebLinkAbout1163 PROVIDEn, ALWAYS. that it the Mort~asor shall pay unto the Mort~a~ee the indebtedness evidenced by a __ certain pcamissoc~r note _ __ot which the followinK in words and li~utas is a true copy to-wit: =_~8 e00 Miami. Florida -- FOR VALUE RECEIVED Wei ~cdntl7 and alrtnretrdLly prumtar to par to the order t-t --- the principal .owe of CIi~II ~ DOL4ARS, taSellter with inttr-.t thereon from date of the ate of ten pertxat, per annum until maturity, both principal and interest beittS payable is bwtnl money of the United ~tatr. at 2Z~4 Biscayne Bh-d., Miami, Florida, or at such other place as the hoWsn barest may desip-att is rritirtd. principal attd inttmst payable in itataliatents as ldbws: Fi!'tT ($50.00) Dollars pear aoasth~ for ai7cts coartseonl~i~re aartrbs~ oa0 the nth dt>y o! cash and emery ao~tth~ be~dn~ cast the 5th ~ os Oatobeac~ .1969, and cant3:nt3ag ~ until the 15th dap o! Oatober~ 19?4, at ~tioh t3ae the balance shall beooaar t~uls and pgabls. 'this note may be pt+epaid in whole a in part attar one year from the date hereof upon payment of a pendty equivalent to two percent of the principal ants prepaid. Each installment payineat shall be credited first on the interest due, and the remainder on principal: and interest shall there upon cease upon flat- principal ao credited. The makers and endorsers of this note [nether agree to waive demand, notice of non-payment and protest, and in the event suit shall br brought for the collection heeeoE, or the same has to be edkcted oiler demand of an attorney. to pay r~easonabk attorney feet; for tnaki aueh collection. Deterred paynxnla hereunder shall bear interest at the ate of ten percent per annum from mateety until Paid. This noes » aewted by a morylSa~ot even dale herewith and is to be e~onsaroed and eatorad aooordtrt` to the laws of the State of Florida: upon detwh kn the payment of principal andlor interest ashen doe, the rrhok sum d principal and interrat remainittS unpaid shaft. at the option of the holden, beease t due gad payable. Repsrett h S>~ a Tewttridt, Attaeteya - t?AO eiseayws /r1. (SEAI.t and shall 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~asot hereby covenants and agrees: (t) To p.y all and sia~ular the principal gad interest and other sums of money payable by virtue of said promissory note sad this deed, or eitMr. promptly on the days reapectirely the same aererally becomes dw. (b) To permit, commit or auftsr ao wsate and to ainuia the improretseau at ell times is • slats of good repair and condition, and to do or permit to be dose to said premises aothina that gill alter or ~hanae the we and character of said property a in gay ray impair or weaken flee security d this motta}ae. And is ease d the retwal, aet;lect or inability d the Mortaaaor to re~sir and maintain said proper- ty. the Mortpaee may, at his option. mats such repira or caws the same to be made. and advsaee moneys to that behalf. (e) To pal all and siasttlu the uses. saseaameau, leriea. liabilities. awd abliaatioss of every satwe an said described property each gad srsry wkca due ~aad pyabla aecordia~ to law. haters they beedme deli6qucat. gad to deliru to the Mortpaee os a before March 13th of sad_ysar uateceipu eridesciaa the psymcst of ell lawfully ietpossd taxes tor.tbe preeediaa calendar year; t~ indemnify the Mortpaes upon Ilia demand for all u:ear, ssseasmeau gad charges that a~ be aasesaed upoa•this morysae os the iadebtcdacsa s•- cwed hereby, asd paid by tbs mortgaee. Wilbert raped to gay Ins keretdare sascted or Ifersattu to ba eaacud impwind-paymeat of the whole or gay wart cleared upon the Morepass. ~ (d) To pay all sad aieaulu flea cosu. ebaraes ind sapesasa, iacludiaa lawyers' tees sad abstract cosu reaaanably incurred or paid st gay time by the Mortpaee becawe d the failure as the part d the Mort;ease to perform, comply with gad abide by each gad every the stipulatioaa. sareesents, eoeditians sod covswau d acid promissory note and this dead, or either, sad every sucb'pymeat shall bear iatersat from date st the rate d tee (lo'Ir) per esnttua pat seers. ' (e) It is twrther eorswaated gad aarssd by said putiss that in the erect d • suit bsiaa instituted to tarselwe thin mortpae. the Mort. pass aksll bs ewtitked to apply st gay time pssdina such (arselosure suit to the court hsrisa juriadietiaa thereof for the appoiatmeat d s rsceirsr d all gad ainWlu the sortpaed property. sad d ell reau. iaeamea, ptdiu. iaausa gad revenues tMrsd. from wbauoerer source desired; sad thsrsupoa it is hereby eaprsaaly eorswnted sad aarsed that ebs Court shall forthwith appoiet such rscsirer with Use wwl pores gad duties of reeeirera in like eusa; gad said appoiatmset shall be made by the court as a satur d strict right to the yortaaaee, aed without retsreses to flea adequacy or ieadegwcy d the ralw of the properly hereby sortpasd. or to rho solreacy a iasolrswey d flea Mortpaara a gay other pury detsadaat to such suit. Ths Mortpdor hereby spaciticslly wsirea the right to object to eke sppoiatmeet d • reuiru u s(orsaaid aM hsrsby eapreealy csasesu that such appoiatmsat shall b. sage as ss adsitud equity sad as • matter d sbsolate riakt to eke Mertpaee gad fleet flea same may be dens without woties to the Mortpaor. (f) It tarseloaurs proceediap should bs iaatiwtsd easiest the property eorsrsd by tkie mortpae upon gay other lien or claim whether sllsasd to bs superior « jtmior to tbs lies d this sortpas, eke Mortppe ..y at leis spriest immsdisuly upon institution of such suit ar duriy ere pswdsaey reared dselsn Via moryaae aM tM i~ddtedassa aectred hsrsby dw aed payable torthwitA gad may at its optiaa proceed to torselow trig mortasae. ts) Teat flea Yort~ar hill kss~ all real gad pusm-al properly sow ar kereafter swcttsbersd by eke lien d skis sayaae insured as may bs tegttirsd tram time to ties by flea MorWase apiast lose by tire. wiwdstors sod otter kasards, caawlties sad contiaaeaciea for such pelage sd for woe less tksw sod amamb u say N required by eke Mortasase gad to pay promptly when due all premiums for aueh instrawos. 7fe atwtmy of iastrrswcs rsquirsd b flee Morysps aka11 be We siaimas smotmte for wkid asid inagraacs shall be written sad it stall !» iwcusbsst epos tM Yortasaer to maiaub sod sdditioasl iwtraacs as may b. aeesssuy to meet and comply tally wiW all ee-iiutrasos regsirsmuta ssataissd iw said polieisa to flea sad fleet the said Martpasr is cot s co-auwor tkereunder.lnsurance shall w writtaw by a eospawy et ootspssisa spprotred « dssi{astsd by des Martpaes asd all polieiss gad rsaswsla thered shall be keld by trs Mortasses. All dstailsd dsaipatiowa by flea Ilortaaaor wkid ors sccspted by Ws Morlpsss asd all satsemeau Mtwsew Mortppor awd MortWa rslatisa to iwtraaee. woi eaiatiaa ar bersstter mods. aball M is writisa gad stall bs • pet d Ihie sortpae aareeseat w (ally w tkouah set tortk wtbstis rusiw asd akall aowm botL psrlisa hereto asd tksir suecsaaors gad uaiasa. No lien upon any d said plieisa d iasarswcs aY up asy rstuad ar retttrw prssittm w-id may w pysbls os the eswesllstiaw or tsrmiaatioa thereof, shall N aiww to otter tkaw 1M Mertpps. s:espt by proper sadaastasst stfiasd to gad policy asd approved by yerysaes..Esch policy of iasarswee a411 tare s/tiaN tkstcto s Stsadard Nsw Ysrk Mortaaass Clause widtatt Cawtributias, atskiry ~U bls at losses under such policy pya-N to tb Morlpps u iu infuser say appear. 1• ere trawl swy sum a soma d soasy become pysble tbsrauader the Mort- ayss stall tars tN optics to receive sad silly tM gams a• account d flee iadebtedseaa ksrsby sscttred. or to permit the Mortaapor to ressiw swd ws it. a try put tksrsd, witkost trsreby wsiriaa or ispsiriaa gay equity. list. a rialtt under and by tutus of this raortaaas. Y srswt d less of prysicsl dsmap to flea soryapd property tit Mortpaa stall airs iswtsdiau entice thereof by mail to trs Martasass awd the Mortpase spy sake prod of loss it tbs sale is not auidc pamptly;bxthj~~a~CE~v*t~reclosure of - ,, dpOK jlu~-