HomeMy WebLinkAbout0535 I t
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pRUVid~~1, AI.wAYS, thu it the Mo~t~a~o~ sh~l{ pay uoto the Mortsasee the ~ndebtedness rv~Jenced by a
ce~tun ptum~ssorY note M whicb the tollowin= in words u~d fi~uies ~s • ttue copy tawil:
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Al'0 an3~T~0~i~~.: i~C:~. 'ei.ants wi~ t' ; + `
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~ tlw pritu•~~~ ~~~~S~~~lYou~'anct_Fi~ce~ua~drec~.__,L~~}Y__~=-._ ~_v~~Q~.iIN)I.I.:~f~~. tu;;.•t6~•r w~tl+ int.~~~•.~ i;
` lhrtrvN~ I~uw Jatr al thr rrtr. uf t.~n Fw•n•rut. ~kr annuu~ until o~awritr. twth priuripal ~ud int~~n:..l !,.•ing ~~ay~blr in I~~+ful ~MUU~•~ ~
~ ti~e Unitrd ~tatr. at '_'..''~Ll Ki,v~ynr l{lvJ., ~ii~u~i~ Flotida, ur ~t ~uch uthe~ place :w tl~e huWr.~. h~~neuf m~y dc,.iruatr iu wntu,~. ~
1'rinripa! and intrrrnt ~?ayable in irwtallmrn4. ~ f~lfuwr: ~ - I
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~ Forty (~40.00) Dollars .Fer ~:o~t~s b~=;_n~in~ on the 1~ ::~ay oi" ~
Septe~ber, 19?0, and continui~~ on the ljth day of each s:d 1
every month thereafter until paid in full. ~
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i This nutc ii:ay be prepuid in whole or in past a(ter one year from the date horeof upon payment of a pe~atty eyu~val~nt
tu frve percrnt ui' th~ pr~~cipal sum prepaiJ,
~ Farh iu•tallmrnt pay~urnt •I~all Le crrditrd Ccst un the inierrbt duc, a~~d ll~r rr.maindrr un principal; and int~mt .l~:,il th~•r~•-
u~wu c.•~.•.• upun thr princiµal su c~dit~:d. -
Tlir ru ~ r~. ar~d rndursrrn uf thi~ nule further a~m,~e tu waive drmand, uu?icr uf nuu•~~ayrnent and prut~t, a~d in tl~. .•~r.nt •uit
'~i~al) Lr bruu ht for ll~e culleclion hereof, or the san?e tw to be coll~cted upun demanJ u an atturney, to pay rea~un~Ll~• ...ton~y'•
frr. fur m~king such rullection. ~ _
!)~•G•ncd paymrnts herrunder ~hall brar intercst at the rate of ten pereent prr annwn [tom maturity until t,aid. • '
hi. note is: recured by a mort~e~of even date herewith and is tu be con;qvrd and enforced according tu tt~r ta~- c,t thr
~t~tr ~f tlurida; upon default in thepa yment of principal and~or interest whcn.due~ the whole sum ui pnncipal aad intr~~.t
: I ~rmaining unpaid r~hall, at the option of the Iwlde~ become immediately d e and payable. ~
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~~p.r~d by ~peter & T~ndneh. Auorneys - L40 B~ayee BI.d., bliuai, F ~
arKl shall perform. comply with and abide by each and every the stipulatioas. asreements, conditions and cove- ~
nants of said promissory note and of this deed. then this deed and the estate thereby created shall cease and be
nult and void.
1. Thc Mortsator hereby covenants and asreea: .
(a) To par dl ud s~naul~r We priricipal aad iatcrest sad othe~ swas o( a~ooer parable br virtue o( said proeissory no~e and th~s
deed. or eithsr, prw~ptlr oe tAe daYs tespet~irely t6e aaAe sereralllr becoecs due.
lb/ To oc~mit. corit or sY((er ao wste and to ~a~ntain ~be improre~eeta at ~11 tiwes ia ~ state of ~ood repair sod cond~t~oa, and to ~
do or oer~it to be doee to said pre~ises nothin~ tlut rrill alter o~ cA~sse tee use aad ch~racter of said pro0erty or io any ~rsy ispair or
reaken tAc secarity ot this ~ort~e. Aad ia case of tAe refwal. nealect or ie~bility ot d~e Mort~asa to rep~i~ arA sainain s~id proper-
tr, ~~e MortN~ce s~y. ~t Ais ootia~. mate such reairs a cause the s~se to be sade. aad ad~~ece aoaers is that bebal(.
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E (c) To p~y atl siW siaplu the taass. usesssents. lev~es. liasilitiss. a~d obliptioe~ of evenr nature o~ said described pooertr eacA
aad everr r~en dne snd oayable ~tcadin~ to la~, betore tl~ey beco~e deliavueat. asd to dtli~er~to tbe Mortis~ee oa or betare March
R IStA ot e~cM yur t~a receipts evideacia~ tAe ~yweat. o( ~11 la.(ully i~posed taaes for.tAe precedin~ uleadu rear, to mdesnify tAe
~ Matia~ee ~pon Yis de~aed far all iaxes. assess~e~u asd c~u~es Uut ~sr be sasessed epow this ~ataa~e oa the indesteMeas a•-
~ cared Ae~eby~ s~d M~d b~r t6e wat~a~ee, ~~thort reqrd to aay lar Yereto(ae eauud a 6ae~fter to be eeacteA i~pos~ns ~ayment of
~ ~Ae ~Ia1e ot ~nr tin tlcroot rpoa tbe Mortaasse. -
~ (A1 To p~r all aad ua~ulu tAe costs, cMr~es and capeases. ieclndias I~~yers' ftts and ~biuact cwb ttasonsbly incrned ~r Pa~d at
any ~~se by 16e Ulortsssee Aec~use ot 1he failure oo the prt o( tAe Mort~or to oerton. ca~plr riW aod ap~de br eacA and every tbe
aupulauaaa, ~srccseats. CaWitions ~nd toren~ets d s~id Oto~issory nott ~nd tAis dee~, a eitYer, sad every s~cA'p~yaent sAall bear
~nte~est (ra~ date ~t ebe ~a~e d tee (10'~) oer ceatr oer saaw~.
le) It is f~rt~er co~en~stN aad a~eed br a~id oar/iet-ihat ie t~s event ot • suit be~~ iast~tuted to (oreclose t6~s w«i~a~e, the Irtat- ~
pLee a6~11 be eati~kd to ~oplr ~t asp ti~e peed~na sucA toreclos~re s~it to tbe court ha~in~ junsdiehon thsreot fa the ~Ppo~ntsea~ ~
of ~ recei~er o( ~11 aed sinjutu tie ~atsa~e0 proyerty. and ot ~11 reets. iacaae~. orofits, iisues asd re~enYes thereof. fros ~rbatsaever
sauce den~ed: aad there~ooa ii is Aetebr espte~alr eove~asted ~ad ~~reed tbat tYe Cwtt sA~ll fonh~iW ~~oiat socb reu~~cr s~tA
~ the wwF oorer~ a~d dut~es of recsivers in like cues; aud ssid a~ointwset s6a11 Ae ~de br tAe e~rt u~~atur ot stric~ n~At to
~ the A/ortsa~ce. asd ~it~ont ~efereece to tAe adeqwcr a uudequacr d d~e v~lus o( the ptootrtr ?etebr ~t~~~ed. orto ibe solvency
w ~nsol~swey of ti~ ?WrW~ars or ~sy otAa p.r~y det..aaa~ io srce sdi~. TAe 1lottsa~a Aersby s~sc~t~c~llr ~~ires tee n~ht ~o ob~ec~
~o We apoist~cwt of a rscsi~e~ ~s dores~id ~ed Aeresy eapessh coaae~is tl~t sncA ~oyu~a~sst sAall be ~e ~s ~n ~n~tted eQui~y
aad~aa a rtter of ~b~ol~te ri~At to tAe Mor ~
~ ya~ee u~d tAat t!e sa~e yr be dawe .~tboYt aotics to tbe Nortpsoe.
~ (f) If foreclos~re Orocs~diys sYo~W be isstituted uai~st tMe proPsnr coversd by d~u ~ortp~e upon spr otAer I~cn ~ clu~ rhetAc~ '
~ ~11e~cd to bs snoenor at j~ia to the liea of tAii ~ya~e. tUe 11ort{a~es ewy at Ais_o~tios lmedutelr uaon ~nst~t~t~on ot sucA s~u
~ or d~ri~{ tYe Oc~deuty tbeteo! declut tA~s sortp~e ~wd t4 idebtNness secursd Aueby due aed
~ ooaaw ~oceel lo fareclose t~~s ~ettpae. WYable (atA~uA ~nd way at ?
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TAat We Yor[~o~ ~ill keeP ~11 ~e~l and oersoaal otoosrtr Aersa(ter s~eusbcred br Me lun o( Wis ~at~s~e ~ssured maY
be rtaui~N Iro~ t~e w tir Ay We Mortaaace a~a~~at loss br fire, w~ads~a~ and other h~ssrds, csswlues and cmt?a~tec~es fw sucA
oer~ads aed for eot ksa d~a~ aucA •woMts ~s ylr bs rsputd !r the I/ort{a~st ~a/ to Nr orowplr ~Aes dYe all pemiuws /a sucA
~~srrsece. 'M uroYSts d i~srt~c~ reawrsd br d~e A/ort~~~ s?atl 6e He wis~~ ~~an~s for ~ArcA s~~ ~narrasce sA~l) be .nusa
•!IO If fY~II Y! IKY~tpt ~0~ tYf MOtt~~jAf l0 Yu~ui~ srcb ~~tiaul iu~~rasce ~i Mr bt O~ClifalY t0 ~1lfl a~ COIwpIr IYIIY rr1U ~
~ all co-~wswa~ec reqnite~ants cost~~aeA is s~id pliciea to tA~ ead tMat 1Ae s~id lAalpiot ~s ea ~ co-~ns~ra tAerew~der.lnsw~ncc
sball As vnua~ br ~ ca~ysy or coy~w~si a/~o~~d a de~i{eatel br tM 11at~Ks~ a~d ~11 ool~cus ~nd rt~s~r~ls t~sred sA~ll be Ae1J
by U~e Martpise. All ~st~llsl ~eai~sstioas br Ut yon~a~or rh~cA ~r~ ~cce~tsd br tse 11ott~a~se a~d ~II a~r~s~sts bs~~te~ Mat~a~a
~ ud Mor~a~ss rsl~l~sa to waet~uce, ~o~ ~a~~uea or Aersafier w~d~. aDall b~ in rritiy ~ai s~~l{ be ~ out d tii~ ~at~a~~ Krsswssi
as frllr tror{h ~et fortA ~tr6~tu Asrei~ aM ~11 ~orsru bo111 ~artl~~ Mrsw aM tAsir srccesso~a arN ~as~~ws. Ne I~e~ rpu ~ay o(
•~i~ pl~ci~~ of H~wasc~ or ~p~ ~~r refwr a rstwn ~swi~ dieM yr M Nr~?Ie ow tAe cu~csllat~aw a ten~~eat~ou tAsreof, sAall
~ be ~~~s• te ot~t~ ~AM t?e yertNaee. eacsp bp ~rooer sodors.~ws~ aftis•1 ~o srcA osl~ey ana •~.o•ed br Morea•~es. EscA ool~c> ot
~earr~~cs ~Asll 4re Jfiis~ 1?erete • fta~dara Ns~ Yat Mat~~p~ Clarss r~Wwt Co~uiYraa~. ayt~ry •11 loss a losscs w~Jcr ~ucA
~ pbcr Mr~sle to tUt 1lorlp~ss u iu ~a~sres~ yy ~~u. b Uu ~rM1 ~pr s~ or ~w of ~oasr bscaAe yrasls Usrew~der tAe ~tw~.
sssss sMll Aars t?e o~um ~o rece~ve ~u~ ~~ly tis sa~s ow ~ccorat of tYe ~eaw~.. ?«s?r ,«~~a, p to Osn~~t tAe ~{t~s{n~
~e recews a~/ rss ~1. a~~r M~t ~Asrsof. .~~AoYt tAers~r ~~iruy or ~~ina{ u~y saAer. I~tA. ar n~Ae ~n~t ~~y~' o~ iA~.
~ wa~Nit. M~vesl d~tw• w~Mrs~c~! O~~u~e to 1~e wwt{~~ed ~to~srty 1Ae MartN~a sl~11 ~~rs fwn~ed~~le nN~ce 1Ys/tbfiy T.~I i..
~ . iAe Nuri~~~ec •~wf ~Ae 4M~r~~~~ee *aY ~Yt pool o(~~~~~no~umptlr AY ~Ac ~lortaqo~. In cven~ Iwe•I~•we ol