The URL can be used to link to this page

Home My WebLink About1514 ~ ` ~'u;'~ ' ! 1 i ~ r . ~ PROVIQEn, ALWAYS, that if the !11ort`a~or shall pay unto the hbrt~a~ez the inJebtedne~s rviJencrd by a ~ ce~taie pranissay ~~~i~ ssi_which the.followint in wotds and fiAures is a true coav to-w•it: ! : : " ~4 "7~ - ' 82 .00 I s 3 5 Miami, FI«ia. Marc~ :_T~ 19~ f ~ Fott vn1.u~ R~c~tvHi~ We ~~ointly and severally ~o P,y ~ ~o ~ o( YORRIB 1~A~I[IAS ead TLIZ TS NA~[I hi -,~_-a~~ af T ee ousand Ti~ht Hundred Twenty-Five I. ,~~~u~K w~ch ~~<<K~i ~he~n f~om date at th~ ntc o[ te~ perce~t. pe~ an~um until malucity, buth princip~l and intereat beir~g pay~We in Iaw~ul ma~cy u~ ti~e Uaited 5tatex~ al ?»'.4~t Iti~cayoe lilvd., Miami, Flo~da~ or at wch other plac~ r the hddan ha+eo! may desisnste in writiry~. ~1X -t~'1Ve abk in ~u+talimenis ~ ~~6y5.00j Dollars per month, for sixty (60) consecutive montha, on the 15th day of each and every month, beginning on the ~5th dstiy ot May, 19~0, and continuing until the 15th d~r of May, 1975, at which time the balance ahall beCOme due and payabl~:. This note may be prepaid in whole a ia put after oae yeu ftom the date beraof npon paya~ent c[ a pena~ty equivale~t to five ptteept of the principal sum prepaid. Each inatallme~t payme~t ahall be credited fust on tl~e inteceat due. and the remainder on principal; and inteteat ahall there- upon cease upon 1he pnncipal so credited. The makc~s and eodors~ers oi this note fu~ther ag~ee to Mraive demand, notioe ot non-payment and proteat, and in tbe event sui~ ~iull be bcought for the collection hersof, o~ the same haa to be oolkcted upon dewand o[ an attonsey, to psy reasonabk attorney's [~c [or making auch cdkction. Deferred paym'nta hereunder shall bear inta~st at tbe rate of ta~ pucent per annum fran maturitp until ~aid. This note is ~ea~red by a mort~e'of aa~ d~~e l~a~eMrith and is to be ~ and a~farced sccadu~ IaMra o the • State o[ Florida; upon default in thepay ment oE ptv~pai andlot iata~at wl~ due, whde au a[ sad in remainina unpaid ~hd1, at tbe option a[ tl~e hotdees, 6eooMe ieam~d~ia . - ` - ~ (~SEAL) • PteParcd b7i Spider dc Tan~rieh. Attornepa - 2240 Bdapwe Bt~d» ar~J ~hall perform, cumply with and abide by each and every the atipulations, 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 Mortaagor hereby covenanis and agroes: (a) T- nll a~ s~nsular tAe principal aad interest and other suma o( eoney psYable br r1rWe ot sud prom~ssay no~e anJ this deed, a e?ther, pom~tlr on thc days respcc~irelr tAe same sererallr becomes due. (b) To permit, comeit o~ sufter no ~raste snd to maintain tbe impco~emenu at all ti~es in a st~te of ~ooo repair and condrt~on, aied to ~ ! do w pere~it ~o be Jone to ss~d pres~ses ~oth~+?{ t6at will alter or cQan~e t6e uce aod character o( said p~operry a ~n any aay ~mpa~r or ~ ~ veaken the security ot tNis mort~ase. And ia c~se o[ the tt(asal, ne{tect or inability o( the 1~lort~a{or to tepair and ~eaintain s~id proper- j tY. ihe Irfortpsee may. N bis optioa. eaake sdch repairs or caa+e the sawe fo be essde. aod sdvanct moaeys in that beb~IL ~ i ` ~ (c) To p~y atl aod R~otufar tAe taxas, asseasments, le~ice, :iabilities, aod obliqtia?s of every eature oe said described property each ~ a~ e~ery rAen due and payable accordie~ to I~t, betae they blco~e daliaquent. aud te delivcr to tht ?lottptte au w be(~xe AlarcA { IStM of e~ab year tsa receipts evideecia~ Ne psyiseot of all lsr(ullr iopoaed t~xes tor.tbe ptecedie~ calendar yaar; W iademnify the G Matt~a~ee Ypon bis Jeesod tot sll ~aies, assex.anen~~ and char~es tbat ay be ¦ssessed upon tAis a~ort~aic on the indebtedness R cured Aereby, ~nd psid bp the +~atta~ee. vitMwt re`ara to aW? la~r Aeretotore enaeted or fere~ftet lo Et enacled isposie{ ?ayment of ~ thr ~6ole or ~~r ~ntrthertof upan tbe Mwt~~~ee. • • (d) To psy all aad sintulu tAe costs. char~es and expenses. inelu~in~ {a~yers' tees and abstrsct costs reasonablr incurccd or paid at any tirae by ~he Mal~ta~ee because of t6e 4ilutt on the patt ot the Mot?ptor to pertotm, comply w~th and abideby each and every ~he stipulations, a~reements, cond~tions and corenaets of said ptomissaty note and this detd, a eil~et, and every such~paymeat shall bcar interest troe date at tAe rate of ten UO'L) per centu~ per annua~. - - - - ~ (e) (t is fu[~het corenanted ~nd a~eed br ssid puties ihat in t6e event ot a suit Dein~ iestituted to foreclose this mat~ase, the 111ort- ~ pfee sA~ll be eetitled to applr ~t am tiae pendirts such taeclosure suit to tbe cowt havis` j~risdietios therco( fot the aPpointsien~ ~ o( a receiver of al{ snd ~insulu the eott~astd propcrty, snd ot all renb. iacoses. profits. issues and revenues thereof, frae vrhatsocver ~ source derived: ~od thcre~pou it is hercbr exprea~lr coren~nted aad a~reed d+at the Coure sh~ll tort6~itb appoiat sucb receirer .•~ih ~ the usual pwrera and duties of receivers in like caies; ood said ap~oialeeat shal) be ~de by tht court ~s s matter ot sttiet n~ht to ~ ~he l~lortsa~ee, and ritAout retercnet to tke ~de~acr a insdequscr ot tAe r~lxe of 1be ptuperty hetebr ~atp~ed; o~ to the sol~ency ~ or insolvency ot the Mortpsots o~ any othet p~~ty detendaat to ~ucb suit, T6e Mo~taasor bereby specitically ~~ives the r~~6t to ob~ec~ to tlu appoiaw~en~ of ~ receiver ~a ~(ores~id and here~y e:ptes~ly ceaseou ihat sue6 sppoint~ent shall be sade ss an sdo~tted equity and as a satter of ~baolute risht w the Mortp~ee asd that tAc s~a~e ieay be doae rithout notice to the A/ortaasor. (t) ji foreclosure proceedin~s ~Aould be instituted a~ainst tAe prooerty covered by this IiOft~l~! Yp00 anr ot1?erlien or cla~m whether i alle~cd to be superiot a junior to tbe lice d t6is ~wtqs~e. the Mortaasse o~y at Ais optiae iosediattly upon iastitut~on ot ~ucA suit :s or dwin~ tAe pendeaey tAereof dtel~re tAis mortpse and tbe indcbtedness secuted herebr due and pay~ple (a~thr~th sad may at i+. ' a~~~ t proceed ~o torecloae this soripae. y~ ~ ~ ({l 'Ihst the Mort~vr rill kee~ aN re~l ~nd peraonal pro~e a 6Creafjet eecw~beted by tbc I~en o! this mortsaae ~nsured as maY ~ be required fro~ time to tise by t6e Mortsasee ~pin~t Iws fire. ~rinQstor~ and other 6asards. casuatt~es and ~ont:::=:.::+•_~ Cvr such perlods and fa not less W~a auch aaaunts •s oay be required by tAs 1/ott~siee and to p~Y ~oeptly vrAen due a!1 prem~ums (o~ such ~ insw~nee. ?tte aeouou of insrrance required bp tAe Mort~~see ihall be the ~iaisuo aaauats for ~h~ch s~~d insurance shall be wntten = aod it slull be incw~bent upoa the Mort~a~ot to wintaia sucA sdditioaal ies~r~ece as mar be necessary to meet and comply (ully with •11 co-iaswaace re~iresents co~taioed ie said Po{icie~ to t6e eod that tb~ said Ma1~a~ar is not ~ cwiasrra tbere~rMer.lasurance ~ ~ shsll be rrittes br ~ toa~psny a ca~paniea spptorsd or des~w~ied by tht Alott~a~te ~nd sll policies and renenals thcreof shall be he1J ~ br the Mart~a~ee. All deaited desi~natims br ehe Mortts~or .rAich ue accepted by the MortNSee aad ~il aueeiasnts bet.reen Morip~or ~ and Mortq~ee rel~un~ to iaaurance, nor exisUo~ or herctiter made, shaU be in w~ritin~ snd sAalt be ~ part of this ~ortp~e apeaaent ' ~ u tully ss thauih set torcA verbatiw bereia ~od ahall ~ovem boU~ aRies hercto ~ad Uroir successors and assisns. IJo lien upan sny of = ~ ssid ooliciee ot insu~~nee or upau ~nr retw~d ~x returu prcaiue wAic6 safr be par~ble on tAe csecell~tioe ar term~n~tion thereof~ sAall E ~ be ~iven lo other ~han the Afortp;ee, eicept br proper endwse~eot atfi:ed to auch policy and ~pprored by ~1art~a~ee. Each policy ot 1 inauraace sh~ll hsre s(C~xed t4tato ~ Stand~rd Ne~ Ywk Mortp~ee Cl~use w~tAout Conuib~tion~ awkins sll loss o~ losses under such ~ ~ policr p~Yaele to lhc ?{ortq~ee as its ioteresl ewY ~ppear. In the ev~at aay sne~ ot sues of money becoae p~Yable Wecew~cr tAeTNvrt- ; ~ pset sh~ll have tAe optim to receive •e?d •Pply the s~me o~ aecount ot We indebtedness Aereby secured. or ~o p~nirt~e,~hi~rt~sR~r ~o rscei~e anb ~se ~t. or ~ny psrt thcrcot. w~itAout thste~r ~rairini a ispainn~ aey equity, jjen, ot nthl under and by r~tlue o[ ~h~~ t ~ enortp~e. In event ot loss a pArsical dama~e to the wortia~ed proyerty ehe Matp~or sA~I) ~ive ~mreed~~te nouce Utreof by rtes~l tu ~ tht Mat~a{ee ~nJ ~he A{ortRaaee m~y mate praof uf lo.. i! ~he samc ~s not mada~apt~Y by lhe \~wtR~yrw, In c~~nt of tore~f~~•ure of ~ ~ booK183 P~15~.3 ~ . - , . _ ~ ~ _ . - _ _ - - - . ~ ~ , ~ F~. . e_ . ~ ~ _ ~ . _ . ~ . . ~