HomeMy WebLinkAbout2089'~ 7 `t~ ~ •f L~
PROVIDE(), AI.MAY3, that it the Mortsa~or shall pay unto the Mortss~ee the indebtedness evidenced by a
certain promissory note o[ which the followint in words and fittues is a true tour to-wit:
~~~ ~~
S 2,$DD..00 _ Miami, t loria- Au r s t ~ - -- - l t~--b-~-
FUR ~ ALUE RF.(:l':IYIa) We . jo ntly and severally. _ _ _ l,ruutirr tt, pay
to the urdrr of __ _ ..SE~OUR FRIEND ------ --
thr priut~ipal xum ul'1,`flo Thousand $iltht_j33lnilred and No~~ nO DOLLARS, togtaht•r with inten•at
tl,rriv,tt fn,m tl+tr of thr. aft' o[ ten percent, ltrr attttutn until maturity, bout principal and interest being payable itt lawful money of
llte Unitrd ~tatr+ al -''~~ liircayete Blvd., \liattei, Florida, tx at Such other place af< the holders hereof may detugnate in writing.
1'rin~•il,al and intr•rr><t payable in inxtallmt:nts ax follows: .
Fifty-Five 055.00) Dollars per month, beginning on the 15th day oP
October, 1969, and continuing on the 15th day of each and every
month thereafter until paid in bill.
This note may be prepaid in whole or in part afro one year from the date hereof upon payment of a penalty equivalent to two
percent of thr principal sum prepaid.
Each installment payment shall be credited ("fret on the interest due, and the remainder on principal; and intere~tt shall there-
upon cease upon tlti~ principal so credited.
The makerx and endorsertt of. this note further agree to waive demand, notice u[non-payment and protest, and in the event riuit
.hall be btwytltt Itx the cdlection hereof, or the same has to be collected upon demand of an attorney, to pay reasonable attorney s
yfeex for makityc ~.ttch collection.
lhft•ercd payments hereuntkr shall bear interest at the raft: of ten percent per annum from maturity until laid.
~'h~ notr a ttecured by a mortgage'of even date herewith and is to Ix construed and enforced accocdtrtg to the lawx of the
State of Fkxida; upon default in the payment of principal and~or interest when due, the while sum of principal and interest
remaining unpaid xitall, at the option of the holders, become tmmet~f~~u~and payable. ~~, / /
(SEAL)
Prepared by:~piekr 6 Tendrieb. Attorneys - 2Ze0 Biscayne Bard.,
efts shall perform. comply with and trbtde by eacd ana every rrte staputauons, esrarstacuaa, w,rurarwa s,a+ ,.v.~-
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~a~or hereby covenants and a=rees:
(a) To pay all soil sieanlar the priaeipl and inteest soil other sums d awaey payable by virtue d said promissory vote sail this
decd, a either, prosptly an the days respectively the same severally beFoses due.
(b) To permit, commit or safta no ruts end to saiauia the iaproremeau at all times is • state of {nod repair sad condition, aed to
do ar permit to bs done to said premises aotbia{ that will alter ar cheese the we sad daacter d said property a is say ray impair or
reakea tie security d this afortaase. Asd is case d the retwal. ae{lect a inability d the Irortasaor W repair and saiataia said proper-
ty, the Mortaastee easy, at hie option. make such repairs or caws tie acme to be•afads, sad advance taoasya is that behalf.
(e) To py all asd siaaalat the tuq, asseasseats. levies, liabilitiq, sad obliptiaaa d every eaters oa said described property each
sad every rhea due soil payable sccotdiay to law, betas they becaafe deliagneat, and to delis to tbt Mart{aaee oa a before ltarcA
ISti d sad year 4s receipts erideneiaa the payment of all lartully imposed raise tor.tbe preceding calendar Yeu; to indemnify We
llortp_{q npn his demand for all feasts. wgasatsota and dargsa that ry be assgsed upon this sartgage on lbe indebtedness s•-
cured hasty, and paid by the mortgages. riWout regard to any lac hsrstotars enacted or hereafter w N patted imposing p.ymeat of
the rhola of say cwt thereof upon the fNartgagse.
(d) To pay all affil singnla the coats, charges sad espeases. inclndiag laryas' fate sail abstract costs reasonably incurred or paid at
any rise by the Mortgagee becawe d the tailors oo the part of the tdortgagor to petfors, comply rich sad abide by each and every the
atipnlatioru. agresafeets. eoeditions sad corsaants d said promisaary note sad this daed.•or sidur, sad every auch'pyseat shall bear
interest tros date at the rate d tee (lo'i) per esates per anm,s. -
(c) it is (ardor cereauated and agreed by acid parties tot in the scent d a suit being itutituted to toreeloas Chia sortgsgs, the Mat-
gagq shall N atitlsd .a apply at any rims pediag such faracbsurc snit to the court baring jariadictiaa thered for the appiatscat
d • rsceira of all sail singular the tuortgaged property. sail d all rants, iaeoses, pro(iu, issuq and rereaues tMred, from rltatsoerer
source derived; and tiasupoa it in hereby s:preash cotrstwtted asd agreed that the Court shall terthriti appint such raceiva rich
tbs weal pores sad datiq d receiraa in like eases; sad acid appiata,sat shall be sails by the court q • wtta d strict right to
the Mortgagee.' and riUtont reference to the adegwcy a inadequacy d the slue of the property hereby soregagsd. or to the solvency
or iwolrsttey d the Martgaaors ar say other party detendaat to such suit. The Mortpgor baeby specifically waives the right to object
to tbs appiatatsat d a recsira u atarqud sad hereby eapragly tonseau that sseb appintrnt shall be Bads as as adsitted equity
aed as • statta d absoloa riser w the Martgagse and that the sass say be does ritioue reties w tbs tMortgagor.
(t) !f fartelosure progsdinga should be inatiatsd spinet Ifs property corned by this sortpgs upon any other ilea or clefs nc~tber
a11egN to N superior ar junior to the Ilan d this rrtgage, the Yortpgse may at his option issaduuly ups, iastitutian of such suit
a d.rias the pndsasy thsrsd eeel.ra this mortgap and the indebeedee,. accrued hereby due sad payable fortbrith .nil say at its
optia~ proceed to torgbns this sorigsgs. -
(g) That the Ilortgsgor rill bq all real ad persaaul property nor ar haeattet a+ctabsrsd by tic lion d this sortgage insured as may
• N rsquirsd iros fir .to fir by tie YorWgse against Ions by Cue. riadstarm aM other bawds. esswlties sad coetiageaciea for such
prieds and [st not leas thu such sawwtu as easy N rsquued by the Mortgagee sad to pY prrWly rben due all preminss far such
insttrataes. 7hs satauaL d wtraexs rsgausd by the MorWgss shall bs the sitaistq sewers for chid said iaauranee shall be rrittsn
and it shall N ineusbeat upon the Mortgagor to taaintaia such additiaoal isstrarxs an ay bs ssessaary b seat and comply tally ritb
all ee-itasurawes repiressata eoatainsd is said plieiq to the end that tbs said Nortq{ar is not a co-ina~ror theresader.lasnrance
still M rry'ttsw by a asspsety ar eaatpaniss appcorsd or dssigaatsd -y the Mortgagq sad all plieiss sad rsarrsla tbsrsd shall be heW
by tic Yatpps. All ds4ilsd dgipntioss by tM Mtxysgor rhieh an accepted by dts Mayagee sad all ttgrssssnu bstrsee Mortgagor
and Morysgss relating to inwaxs, sei a:istieg or Mrgtta sails. s4U be is rriting and shall be a pare st,thia pgactgap agrssoent
u fully u thoeglt qt tetti rsrbatis Mrsie aM shall govern both parties hereto sail their sueessaors and sMipt%Ko•liln apw any d
said plieiq d insurance sr epee any vetoed ar reface prssitst chid ry N pyable on tie caneellatian ar urwinatian thereof. shall
N airs to other due the Meryagq, ssespt b proper sadorassset affiasd to cud pliey soil approved by Martpges. Each plicy d
iastratta shall hers aftiasd tisreto a itandara Nsr Ysrk Moryagss Clause ritiaut Centributian, rkisg iQ bas or losses under such
pliey MysbN to tie Matpgss as iU interest afay appear. a Ifs srgt arty efts ar car d coney basses pyable tbsreuader the Mort-
pass shall bars the option to receive end apply tic Gass a• account d tic isdsbtedaisss hereby secured. or to parsit the lMortgager
is rsssire and ass it. a< nay part tiered, ritiwt flashy rairiag et impairieg say eouity, Ilea, or righe wNsr sail -y virtue d this
stsrtgaga. t• srsaK d less or physical dsssge to the sortgsgsd property the Mertpgat shall sire iamxdisu antics thereof by mail to
the Ysrtgpgss and the r~rtgagss•way its prod d lose if tbs ease is not made prosptly bX the Morttagor. la ev eclosure of
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