HomeMy WebLinkAbout0962 i'ROVIOEt1. AI.wAYS. that i~ th~ Maya~ot sball psy w~to the Monsasee the iadebtedness eviJsnced by a
renain pcanisso~y note c+f wbicb tha follo.rinj in words aad fi~ures is ~ trus copy tawi~:
i~C~~ys ~its -
s 1$54.00 _ ~ Jna~ 1~ i'~-
t~UR VALUE RE~CBIVEU I - p~~ w
to thc order ut ~
' ~h~ peinri~l.w. nf _ e ouean ao ~~}~y
~ thaa~ [n~ d~te u tbe ate ot tea pa~cent. per amwM ~W wN~eiq. iwth priaciwl a~ iatawt bei~ phr~bk i~ lawtrl ~y u~
the Uaited ~tater at 27.4~t Bi~cayae Blvd., Mw~i, Florida, vr at wel~ otl~e pl~oe ~ the buldan ba+euf aap da~naE' iw w~i1i~. ~
~'~I Pri~cipal aad iate~e~t pnra~l~ i~ i~stall~b ar tulbwr:
Fort~ (=44.00) Doliars psr aonth, begiaaia~ oa ths 15th dq ot ~
I~! ~ugust, 19~0, and contianiag on the 5~
~h -dy ot •aah and e~sr~ -
a~onth t~sreai~er_ natil paid ia l1~t11. .
. _
,
This note may ba prepaid in whole or in pm atter vna year f[om the date bereof upon paymaat of a peaalty eqaivalent
tu five percent of the pripcipal =um prepaid.
F.~ch inritalM~ent payn~ent ahati be ce~edit'd fi~st aa tbe interat du~, and th' reauinder on p~incipd: and iete~r+~t Nhap thew-
u~wn cem upon the pnncipd w~ eredited.
7'IK makers and endonen o~ thia note Iurtl~ a~ree lo waive demand, ~wtice ut nun-p~ment aad pwta~t, and in thr. ~.went~wit
KhaN b' bnwaht ior the cdlectio~ !~eo~. o~ tbe ame h~s to be oolketed upoa deaund oI an attQrney. t~ pay rea~oeablf atto~kr ~
rrrx Wr makiu~ weh cdkction. .
; 11rte~ed p~yn~ts hee~cunder shall bear intaea ~t d~e rate oI ten 4eroewt per ana~ua Iwru a~tu~ety wiW ~sid.
i 1~M eole is ~ea~red~ .b~r a ~wet~e'oE ara~ d~te here~rith aad is to be consdved and eafaoed ~oooeda~ to the'~ ~ of d~ •
, Ra~ t'loridi; ~ adefwh ~ pap~eat ot ~ asdlor ia ~~bea d~se. d~s abole wua d prmcip~l ani 1~e~
c
~ ~ ~ - or ~ ~ ~ ~ .
I
~ ~ (Sf:AL)
he~ ~r .'yiiMr ~ T~iie~. Atla~er - 2ZN eirea~~e ~i., ~Ww~ Rlorii
I
arK! shall perfcxm, comply with and abide by esch and every the stipnlations. asreements, conditions and cove-
nants of said promissory note and of this deed, then this deed and the estate thereby created shall cease snd be
null and void.
1. 'fhe Mott~asor hereby covenanta and a6rees:
(s) To p~y dl aud siasulu We prin~ipal aad ietcrest aod other suoa of ooner paYablt br vitt~e of said prooissoty aotc and tAis
deed. or eitber, prosptly oe 16e days respectivelr tbe same sererally becoaes due.
lb) To peroit. co~mit a suffec ao ~raste a!~d to ~aist~in tAe ianp~ovesenis ~t ~II tiees ia a atate ot ~ood repair snd coadition. aad to
do or persit to se done to said preoises aothia~ that ~ilt alte~ or e6anse tbe use aed cbuaeter ot s~id property or ia aey rr~r ispair or
rcaten die secwity of t6is sortq~e. And ia c~u of the ref~nsl. ae~leet oe iesbilitr ot t6e Mortsasor W repair and eaintain said p~ooer- :
ty. tbe tilo~tp~ee oar. at hia op~ioa. wske sYCb tep~irs or cause tYe s~oe W be e~d4 ~ adr~eee ~oaays u? t6at behalf.
(c) To p~r sll +ad sin~vl~r We taaes. ~ssess.eab, le~ies, liabilities. aod obliptioos ot erery naturc an said described property each
and every ~beo d~ee aad paYsble accotdio~ to la~. befae ther become Qeliaqnent. and to deli~et to the Mortp~ee on ar before March
ISth M eaes pear taz receipts evideocin~ the paymeat of all laofullr i~posed tues tot.the protedin~ csleadu yeu; to iademoity tAe
Mart~a~ee upoa his de4aed tor all u~ces. usesaseou and dh~r~ea tbat mr b~e_ asaessed apoe t6is ~ott~ase ae the iadcbtedaess a~-
curcd hveby. aad paid by.tbe oo~tq~ee. riWont te~ard to anr 1~+ 6ereto(ore cnuted a huesher w be enacted ispoaias ~ymeet o!
the w~lale or amr n,art t6ereot upan tbe Mortsa~ee. .
To p~y sll and iin~ular t6e costs. c6arses and eapeasea. iecludins law~rers' tees and absuact cwts reasmably iacwrcd or p~id at
any tise by the Mortpaee because of We (ailure oo the p~rt ot t6e Mlortiatot to perforai. ca~pllr ~rith and abide by eacA aad evay t6e ,
stipulatioas. a~reeaicnts, coeditions aed sorenanb ot s~id proaissory aote ~ed thia deed. ar eit6er. aad every such'payseat s6a11 besr _
IAItfGfl ~IO~ Aalt il UIC qtC OI lCA ~IOS~ OCf CCAII~ PCf a111N1m. .
(e) It is Ctrtba coreasated ~ad a~teed by a~id partie~ tb~t in t6e erent of a a~it 1?ein~.iestituted to (oreclose this mort~e. ~he tilat.
ptee sbl11 be eatitkd to spplr.~t anr time peadias suc6 tateclosure syit to t6e eourt 6arin~ jurisdietim ibereof tor tbe appointmeat
of a ~eceiver ot all and aiasulu the ~wrtqted propeAy. and ot all reats. ioeoses, pt~ts. iuaees sad rereaues ~hereot. troo ~rAauoerer
sonree dcti~ed; and there~poe it is Aereby exptqslr toreoasted ~ed a/rsed that t6e Caut slull fortbrith ~~oiat sncb receivet ~rith
tbe uswl oo~rera aad dnties of receivera in lite eues; aed said a~oiatwaat sh~ll be yde Sr tbe co~t u a~atter of strict ri~6t to
tbe Mortss~ee. and rithout tefereoce to the adeqwty or inadeaoacr ot tbe rslue of tlte otoperty 6erebr aatNted. or to tbe solveacy
or insolveper of tbe M{atp~ars or any oWa psrtr detesdaat to sYCh sui4 'Ibr Mortp~ot hercby sOecificalty v~ires tbe rit6t to object
to tde apooiatsent of a receiver u a(aeiaid ~ad bereb~r eapresslY consenu that s~ch sppoialment aAall be mde ~s an ad.itted equity
~ed as a esner o( absolate ri~!?t W~e Mortp~ee aad Wat the asse e~r be daee ~iffiont notiee to thc 11ort~~~or.
(t) tf foreclos~re proceedis~s shonld be instituted yaiost t6e propertr covered br this ~ottpte upoo aer othec lita or claim i~hether
alle~ed to se superior or juaior to tbe liea ot tbia .oryase. ibe 1A~~s•ae wr a~ 6is opciaa i.~eediaeeiy upon inseiwiim of such sui~ ~
a dwia~ tMe peadencr the~eot decl~re tbis sortN~e asd tb~ iadebtedness see~red Aaesy due ~nd p~y~ble fo~th~ith snd w~y st i~s _ +
option proceed to fareelose this sattaa~e. ~
,TUat the Mort~a~or ~ill keep all real aad persoeal prooerty so~r ot bueaftu escu~bered br tbe lien of tbis sat~ue insured as o~y j
be reqrired tro~ ti~e eo ei~e b~r t6e A{o[tayee apinat toss by Cuf, rriadstar~ and oU?er A~sards. e~awlties and contiaSencies for such f
periods ~nd far aet kas ttiu such a~ats as Mr be required br the 1~lort{asee snd to paY O~awWlr +~ben due all preeiiwss tor such ~
insurante. Tbe ~ouets of iaanece reqwrsd bp tYe Mortta~se a6~11 bs tbe ~iniaur a~aets for ~hich said ias~ru~ee sAall be nitteu
aad it shall be iecwbtet opon the Moct~aior to ~aiataia saeb adAitiaaal issr~ses as w~r be aecessuy b weet u~d cosply fully rith
•11 co-idsunace reanirc~eots eont~ined in said policies to t?e eod t4at d?e said MonNjor is not ~ co-iea~rcor tbereunder.tnsurance .
sh~ll be rrittea bp ~ ca~aey or cayaoies ~oprored a desi~,eated br the Mor[~aies sad ~11 policies aM reae~~ls thsreot shsll Ae ~cld
bp U~e M«[p~ee. AII det~iled desi~oaeioss by ttie Mory~~or vi~ieh ue acceqed bp We Alort~ee ua ~11 s~reaaeets bst.sen Morya~or
, ~ed Mor~te relatia~ to iu~rr~nce. ~o~ etiatis{ ot hercafter eade. shall be in ~rtitin~ aed shsll be • oart of tbss satpK a~reewent
u f~llr ~s thovs6 set lortl~ ~etb~ti~ heteie wd s6a11 ~overn bot6 oattie~ hereW and dieir s~eceasors sad ~ssi~as. No liea ~oon .ar ot
Ij sNd oolieies af iasuraece a~~sp refuod or reawn pre~i~ ~hieh My be arible oa t6e e~scetl~tion a teninatioa thereof. sh~11
i be ~iren to other ~ban tMt MotWtet. e~ceot br oroper endorsal~eet dtiaed co sad poliey and a~o.cd br ulor~p~ee. E~cb policy ot
` iaaur~nce dull 6ave sffiaed t6ereto ~ Sta~dard New Yort MortN~ee Clawe ~iWont Coatributiaa. sskins ~11 loss or losses under such
i policy p~yaple to tbe Mottp~ee ss its ietatst s~f ~~s~t. te the e~eat anr s~ or awu o( oooer beco~ ~r~ble tAereunder the No~t-
i p~ec sh~ll hsve We oPtim to receive ~ed a~ly tie a~~e aa sceoYnt of tYe iodsbtedaesa hertbr secured. or to Pcnait the ~for~~~Eor
~ , to reccire aad we it.. at .nr o.r~ Ifitreof. rithoYt N~erebr r~i~ia{ or i~iti~{ ~n~ eqoitr. liea. o~ ti~ht undet sad by v~ttue o( th~~
~ , ~~qic. b e~est of loss or pArsicd d~~a{e to t!e sort~ased prooertr We Mortpfa~ sYall {i~e iASediate notice thercot by Ra~l t~~
E , the Mor~~a~ee aud ~he Moi~{a~ee iNY make proot of loss i( Ihe s~u~e ia not wde praaptly br the llortas~or. IA tvt~t o( (Of2~In~Yft n(
~ . • ~
$ BOOK ~85 PACE ~U~
- ~ s = _ ~;~;~5 ~ ~~r -
~ - t
~ -
_ `