HomeMy WebLinkAbout2267 PROVIOEII, ALWAYS, that if the hlort`a~ot shali pay uoto the Aloctaa~ee the indebtedness eriJenced by a
ce~tain promissory note of which the followin` in wotds and i~~ures ~s a uue copy tawit:
t
= 2~ 325.00 M;~;, E'lor;d. March 21$~_ ~y_~Q _
F~UR VALUE RECEIY~U I proimiMe tu p~y •
t tIM wde~ u~ .
P~~N~+ ~ TNt+ Th011 aII . u~etla~ with inlrrert
. thereu~ Gww d~ts at the nte ot tea pcn~t, pa anaua~ unW matmiq. botl~ prinapd and interat beitK pnrabk in bwtrl ~ u(
tbe United ~tate~ N 2244 Bircayne Blvd., Miaa~i. Florid~. or at wch ather pl~oe as d~e hd3as I~eteo( a~r de.i6nate in weitinR.
Principal aad intetat payable in imWlmenb as Iollo~n:
Thirty-Five C~35•00) Dollare per month, for sixty (50) conseautive months,
on the ~5th d~r o! each and every month, beginning ~n the 15th day of
Me~y, 1970, and continuing until the 15th dr~y o! Mqy, ~9?5, at Mhich time
the balance shall become~ due and payabl~. ~
Tbis note may be prepaid in Mlwle or ie part dter oae yaar tcan l6e dua I~~ao[ upon aaya~ent of • penalty equivalent •
to five petcent of the principal sum p~epaid.
~ach inxtalla+ent payn~eet ~hall be e~edited C~est on tbe int~at due. a~d the e~aaa`nder on principal: and i~tere~t rhall thete~-
upon crare upw~ the priocipd w credited. . . .
The makers and endotse~s of this note (urti~e~ a~ee to aaire danand, nc?tice o( non-~? meat and pwtest, and in thr'vent ~uit
~hall br bnw~ht fot ~he cdlection haeo[, or the w~e has to be ~olketed upoa dem~nd o[ aa attorney. to par rearonabk attoeneY
ke~ fiu maki iweh cdiection.
Ilrfene payments het~eunder alult beu interest at the nte ot tsn paoent pa annwn Iran maturit~? nnW Faid.
Thi~ no~e ~~red~b~r a wart~e'd ~ra~ dNe 6erewit6 aaa i~ ~o be coaM~ed a~ eaEateed ~cad~ to the la~rs of'~he •
'tat' ot F'lorid~: upon ~efwit i~ tre ~t ei ~eineip~l ~salor iala~at ~rbea drs~ d~e rrhole wnn oi p~acip~l a~d inte~t
e
Reainin~ ~apaia ~ha11, at t6e opeiaw I~olde~s, Moo~e i~e~dp dre awd ~r~6k.
~ ~~'~s~iLit.d._~~~C L (St;AL)
(SEAL)
~el~erd M~ •yiele* 8 Tewiiek Anwwer - 2?M diap~e d+i.. Mi~L RM~W •
arnl shall per[cxm. comply with and abide by each and every ihe stipulations. agteements, conditions and cove-
nants of said promissory note and ot this deed. then this deed and the estate theceby created shall cease and be
null and void. ~
1. The Mort6a~or heteby covena~ts and aarees: ,
(a) To paY ~~d a~e6ulu the printipal aad intetest and other swns of moe~ey payable by rirtue of aaid prom~ssory note and this
deed, or eitber, promptly on the days respectively ihe same aeverally be~oues due.
(b) To permit, commit o~ auf(er no ~sste a~d to msint~in the improremeats at sll tises in s state of ~ood repair snd condiuon, and to
do or permit to be done 1o aaid p~eisises nothiu~ that rill •Iter ot chaa~e the we and chuacter of s~id ptoperty or in any vay iopair a
resken the aecuriey ot tAis mort~~se. And ia case of tAe refusal, oti~ect or ie~bility ot the Mott{asot to tepair artd ~uinuin s~id ptoper-
~y, ~he Mor~pjee nay. at his option, make sucb repairs or cause the same to be vsde, and adv~nce uoneys in that behatf.
(c) To par all and a~n~ular the taaes, assesssents, levies, liabilities. and obliptions of erery n~t~ue m said describcd property each ~
and every rben due and payable accordin~ to la~r, Defoee they become deliaquent~ aad to deliver to the A~tort~a~ee on or betore March
lSth o! e~ch year tsa receipts erideacias t6e parmen~ o( •11 lavtully isposed t~sea tor.the ptecedies talendu year; to indemnify the
I Alort~a~ee upoa his demand (or all taaes, assessments aad ch~r~es that o~ay be aasessed upon this mortsase on the indebtedneas s•-
cured hcreby. and rsid by the oart~a~te, rithout re~atd to sny lar heretofore enacted or hereatter to be eaacted impoaia~ payment ot
the rhole or any ~art thereot upan tbe Mort~asee.
(d) To pay all and ain~ular tbe cosb, chsr~es and eapenaes, includins la~ryets' fees and asstract costs reasonably ineuned ex paid at
any tinee by the Mort~aaee because ot 1he failure on tht part ot tAe l~lortssior to perfors. caaply ritA and abide by eacA and erery the
stipulatioas, a~reemems, conditions and corenants of s~id ptomissoty nott aod this deed. a eitAer. and erery such'p~yment shall bear i
interest from date at the rate of ten (10~.) per centum per aanum.
(e) It is furtder covenanted and a~reed by said parties t6st in the event of a suit bein~ instituted to taeclose ihis mottaase, the Mort-
p~ee ah~ll be entitkd to apply ~t any ~ime pendins such toreclosure suit to the court b~rias jutisdictim thereof tor 1he sppointmem
of s receiver of all and aia~ular tAe sort~a~ed property~ and ot sll reata, incaa~es. pro(its. issues aed rereauea ti~e~eof, fras rhatsoever
swrce derired; aad thereupoo it is hereby expresalr coveaanted and s~eed t6at the Caut shall forth~itL appoiat such receirer .ith
tAe uswl po~rers and dulies o( receivers in like e~~es; and s~id •ppOllltmtOl SIIaII bt m~de by t6e co~rt ~s a matter of stric~ ri~ht to
the Mo~~sa~ee, and w~ithout reference to the adequacy or inadequacy o( tbe v~lue ot tbe p~operty herebr mort~ased, o~ to t6e solvency
or inaolveecr of the Mortaa~ors or ~ny otl~er party de(endaat to suc6 suit. 'fl~e Mortsa~or hereby specitically raives the ri~dt to object
to the appoialment of a receirer aa atoresaid aad hereby eaptesslr cansenta tb~t such appointsent sAall be wde ~s an adm~tted equ~iy
snd as a s~tter of ~bsolote ri~ht to the Matsa~te snd that the s~se say be done vithout notice to the Morya~or,
(t) If toreclosure proceediess sAould be ins~i~uied ~s.ins~ ~6e prooeny co~ered by Wis eort~ase upon anr other lien or claim whether t
alle~ed to be superior ar junior to the lita ot this ~ort~~se. the Mort~a~ee my ~t his optioa immediately upon mstitution of such suit
or duria~ the pendency We~eot declsre t6is morts~ae and the iadebtedness sec~red huebr due and psyablc fath~rith ~nd may at ~ts
oOtim pfoceed to fweelose eAia mort~~~e.
(t) 7~bst iAe 1Mrtµ~or rill keep all real and person~l propertr ao~ or hereafter encwnbered by the I~en ot ibis mortss~e insured as miy
be required tros tia~e to tise by tAe More~~see a~ainst Ioss by fire, ~indstarm snd ot6er hszards, easwlt~es and continiencies tor such
per~ods aad far not less than such aaiounls a~ ay be required by ~he 1?fortHiee •od to Wr O~~W~Y ~~n due all prao~ums ta such
insur~nce. The amounta ot insurance required by t6e 1~lort~~iee shall be tAe ~iai~ae s~omts for ~A~cA a~id ~nsurance shall be rnlten
and it shall be IRCYObCAt YpOfl fh! MO![j~~Of l0 Mintain snc6 additional iesuraece as mar be necessary to oeet and caaply (ully w~th
all co-ieuur~nee requi~eseats cont~ined in said policies to t6e ead that the said Mortq~or is not ~ co-insuro? thereunde~.Insurance
shall be ~rritten by ~ coopaay ot cospaoies a0pto~ed or des~~pated by the ?lort~aset and all policies aad reae~~ls u~ereot shall be held
by tAe Mat~asee. All detailed desisaationa by the Mort~aaor rhich ue accepted by the Mortp~ee aad sll a~reements Aet~een Morts~~or
and Mortas~ee retatin~ to iusur~nce, noi eaistins o~ Aereatter s~0e. shall be ia rritina aad sb~ll be ~ part ot this mat~a~e a~reement
u fully as tl?oush set (orth ~ere~tim herein and sb~ll ~o~em both p~rties hereto and tbeir successors aad assi~ns. No lien upon any of
i~id policies of insurance or uooa aar refuad or ret~m pre~iue whieA wIr be p~r~ble on tAe caneell~tion or tensination thercof. sh~ll ~
be ~iven to other ~han the Mottaa{ee, e:eept Ar p~oper endorse~aeet affi:ed to sucb policy ~nd ~p~oved by A1ort~a~ee. Each policy o(
~nsurance a6a11 hare atGaed lhereto a Standud Ne~r York Mort~a~ee Cl~we rritAout ConUisutiaa. s~kin~ all loss ar losses under such
policy psyable to the Mortp~e~ ss its interest mar ~ppeu. la tAe eveat any swr ot sums ot moner Aecaae parable thereunder tAe ~tort-
~ssee shall hare the option to receive and apply t6e s~me m sccount o( the iadebtedness bereby secured. or to permit the Nort6~E~~
to receire ssd uae it, a any psrt thereo(, w~ithout tAerebr ~~ivin~ or ispairin~ any equity~ lien~ or n~ht under snd by v~rtue o( th~.
mor~~a~e. (n event o1~loas a phrsical danu~c to the a~ort=s~ed property the Flort~a~or sb~ll ~ive ~arecdutc nouce tAereo( by n:a~l t~.
the M~~~a~ee anJ ~he A1or~Easte nuy make proof of loss ~f ~he asme n aot made promptly by th~ alqts~~a. In event nf tae~l~~we o(
r , . . . s~K1~3 ~~2265
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