HomeMy WebLinkAbout0652 PROVIDEfI, ALWAYS, thai if the !~tor~ga~or shall pay unto the Nort~a~ae the ~~debtedness rv~Jrncad b> a
cetta~n prom~ssory note,~_hf wh~ch !he fo1bN•~n~ in wo~ds and fi~ures ~s s true copy taa~t:
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9375•00 Se te~ber ~
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~ F/1K YAl.1?E KEI:EIYF.U I .
t~~ tl~~ urd~r uf f
OS ~H B._RO HR~RT P~°m~•r t~ E,~~
~ ~ . zn ousan ~rree .1.. -:a..,, - c
, ~hr ~rinci ~al ~um ol ~ ~ ~ • ~~Z'~:~ :.~CVBI.~` c1Vv - ~
1 1 ~ UU1.l.Alt~. 1u~r.n,•r witL ~utrrr~l
~ i t~ ~ ~~un (ruui date at th~ nte of ten rr~nt, r annum nntil maturit tN,th rinci ul and ~ntrrest tK•~n~ a~Llr in la.. iwl rnunr ul ~
P~' f'~' Y~ P 1 ~ P Y > '
th~ l;nited ~tates ~t :.':.'•l•1 $i.•caynr 131vd., Alianti. [:orida, or at ~.uch uti..•r placr i: the huldcn, h~r~•u( may d~•.~~~3rte io wriUo;;. ' !
i; 1'nncipal and int~n•~t ~?a}'abl~ in inslallnten4~ sa ~ullowri: i~ ;
il
~i ~ ~ y-r^ive (S1?S.OC; i~llurs ner : onth, ~cr ~ ?
~ ; One . und_•Lu. ~event ,
t i sixt~ (60) corisecutive months, on the 15th d~y of e~.cr. ~.nd ~
every month, beginning on the 15th day of November, ly?0, ;
+ I and continuing until the 15th day of l~ovember, 15%5, 4~
w~ich time the balance shall become due and payable.
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Th~s n~~te may be pcepa~d ~o whole or in put after one yezc ftom the date hereof upon payment of a pena:ty cqu~valent
to f~ve pe~ce~t ot the principat sum ptepaid.
i Fa~•h in•talimrnt payr,~ent sl~all },r ~redited tirst oa the interest due, aod the remainder on principal; and in~cre•' ,.h.ll l6rrr-
~ upon rra.w ~ipun the principal su crrdited. •
; The make~ ~nd rndor~rn of this note [urthec agrcc to waive demand, not~ce of noo-{iayment and protes+t, and in th~ event wit
; ,h~li b~ brvught for the collection hereof, or the same has to be collected upo~ demand of an attorney. to pay reasonable attorne 'e
irr. fur making such collection.
± I)rf~rr~d payments hereundcr shall bear interest at th - rate of ten perce~t per annum from maturity unti! paid. ~
7~hi~ ootr .ecurcd by a mortgage o[ even dat~ h~r,:with a~d is to E~r eonstrued and enforced accarding to the lawe of e-
~ ~tatr of Fiu~id~; upon ~irfault in the payment of principa) :ndlor int.:resi when due, tl~e whole aim of principal and inte at
~ r?~r~aining unpaid shatl, at the optiot? of the hoide~s, become immediately due and payaWe.
~6~'J ' (SEAL)
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~r~p~red by apKler & Tendnch, Attomeya - 2240 Bi~cayne Blvd., Miami, Florida . (SEAL)
ar~d ~hall perform, comply w~th and abidr by each and evety the stipulations, agreements, conditions and cove-
nants of ~a~d promissory note and of this deed. then this deed and the estate thereby created shal! ctase and br
null and void. ~ ~
1. The Mort~a~or hereby covenants and agrees:
(a) To pay al! and ~~asular the pmc~pal and mterest ~nd other sums u( monty p~y~ble by v~rwt ot sa~d prcm~ssory note •nd th~s
deed, w erther. promptly on the days respcct~rely the same severally becomes due.
Ib? Tu permu, comm~t or suf[er no raste a~d to ma~nt~m the ~mproremcnts at all times m a sta~e of ~ood repau and cond~uun, and to
do ~x permu to be daoe io sa~d prem~ses no~hm~ tha~ ~~It alter or cA~nae the use and character of sud property or m any ray ~mpa~r or
resken tl~e cecunty o( 1h~s mottp~t. And ~n case of [Ae rc(usal, ne~ltct or ~n~o~l~ty of the Mortp~or to reparc artd mamta~n sud piopc~- ~
?Y. 1Na~~aEee may, a~ h~s optim, make such repaus a cause the s~me to be made, and advance moneys in that Oeh~lf.
(c1 To pay a!1 and a~nsulsr the taxec. assessments. le•ies, h~b~l~ties, and obliptwns o( every nature on s~~d descnbed property eaih
and every ~hen dut and payablt accad~ns to la~, Defat ther bteome dtl~nquent, and to del~ver to the Mort~s~te on or be(ore Ma~ch
ISth of e~ch year ta~ rece~p~c ev~~ncm~ tAe paymen[ of •It lsWfully ~mposed taaes fw tbe preced~nf eslendar ye~r, to mdemn~(y ihe
!1fat~aice upon his ~lemand fw all uus, assessments and chu~es that may be ~ssessed upon thu mort~a~e on tAe mdebtednec.
~ured hereby, and pa~d by the ma~`~~ee, ~~thout re~ard to ~ny lir here[o(ore en~cted or hereafter io be enacted ~mposins ~ayment o:
iAe ~Aole or any ~art cAereof upon the Mo~t~a~ee.
(dT To pay alt and a~n~utar !he cocrc, charies and expenses, ~nclud~n~ I~~yers' fees ~nd abstr~tt costs ~easonably ~ncurred ~r p~~J a!
an~ ~~mr by the N~xta~see bec.u.e o( thc fs~lure on the p~rt o( the Mort~~~or 1o perform, comply M~th aM1 ab~de by each and every tAc
cti~+ut~uoos, s~reements, cond~UOns and cuvtnan~s of s~~d prom~ssory nott and th~s detd, or euh~r, ~nd every such p~yment shal! be~r
inlNqs aai! zt !ht fllt o! ttn 110'41 Qer centum ytr annuT. _
!el !t ~s (ur~Aer coven~need ~nd apeed by sa~d p~r~us ~h~t ~o the event o! a suu be~n~ ~nst~w~ed ~o (oreclose th~s mor~~~~e, the MMI- r
~a~te sAall be entuled w•pply at any ume pend~n~ such (otecloswe suu to the coutt h~vm~ ~wuditUOn thereot fw thc appo~ntmen~
of s rece~ver of ail and sin~ular the mor~ra~ed property, and of ~!1 renu, ~ncomes, pof~ts, usuts •nd re~enues ~hereof, trom nhst.oe+cr
.ource denved, and ~hereupon ~t ~s Aereby eap~eaalY covee~nted ~ud ~~rted th~t the Cou~t shall fonhritA ~pPomt such rece~ver ~uh
the usw) po~rers and duUea of recci~e~s ~n hke caees, •nd s~?d •ppo~ntment sh~tl be made by the coutt ss ~ matter of stnct r~~h~ ~o
che Mex~p~et, and ~ithout relerence tht adeQwcy or in~deQwty o( the value of the property hereby mort~a{ed, a to the ~olvency
w~nsolvency of the Mortpsas or any other part> lefend~nt to auch su~t. The Nur~~~~p hereby spec~hc~lly w~~ves tl~e n~ht ~o ob~ect
~o the appomtment o( s receiver a• atoresud •nd hereby e.aes•ir coasen~s tha~ such apporotment sMlt be m~de ~s an admined equ~~y
and as a rn~utr ot ~Dsolute n{h1 to the Mortp~ee ~nd th~t tAe •ac~e euy be done .~[hout notice to the Mort~~~or.
If forecloswe proceed?n~s should be ~nst~w~ed •~~~nst the property cov~red by th~s mortp~e upon •ey other lien w cl~~m WAe~her ?
alle~ed to be super~or o~ ~un~pr ~o the hen of th~s mort~~~e, the ?lortp~ee maY at h~s ophon ~mreeduttlY ~poe ~nshtuuon ot .uch suit
« dur~n~ the pendency thersof Qeclare ~A~s mort~~~e ~nd the ~ndtbtedn~ss secured Atreby due snd p~yable furth,r~eA and miy s1
ov~~w~ a««a ~o (oreclose th~s mat~~~c.
1~) Th~t ~he Mat~a~a ~~11 te!p all real ~nd person~l property no~ or here~(~er cncumpcred ~y the l~ee of th~s nart~a~t ~naured as may
be reQu~red tran ame to hiae by thc Mortj~~ee •~a~nst loss by h~e, ~r~ndstorm and other hs:~rds, caswlues ~nd c~ne~n~enc~e, f~r .u.A
penods anA ror not le~s tA~a sucA asaunro maY be requ~red by the A4ortp~ee •r`d to p~Y Droa~p~ly WAtn due \II pICTtYTS (a such
ensur~nce. The anaunta of ~n~~u~nce reQu~rcd by tAe Mwy~~ee ~A~II be the m~e~awn usounts (or ~rh~cA ~~~d ~nsutante shsll be rr~~ten
and it sh~ll Se IfICYIlbtlll Yp011 UIC More~aaa ~o eu~nta~n such ~d0it~oe~( ~n~ur~nct •s m~Y be necesa~ry to iuect ~ifd comply lully •~th
~11 co-~+~iurante requinsents conti~ned in s~~d poi~c~e• to tAe ead th~t ehe sud Mort~~~or ~s eot ~ to.~nartot thereuader.lnsut~nct
shsll De ~nuen by ~ cospanr or ca~p~n~es ~Pproved a de~~~e~ted br the 1Aat~a~ee ~nd ~11 polic~es and reae~~ls t~ereot sh~ll be he1J
by the Ma[~aaee. All deu~leA desi~n~l~ons ~y the ~Iai~~~or KA~cA u~ ~ccsptcd bY the NoreN~ee ~nd ~ll yresssels ee~ween Mor~~ata
•nd Mort~~~ec rel~i~ns to m~w~nce. no. eaistin~ a hcre~fter w~ds. sA~ll be ~n .rri~~e~ •nd sA~li Se ~ p~rt of tA~~ ~eort~a~c •~rcemeni
~s r~iir •s tAou~h •et fath •erb~tim Aere~n ~nd shall ~orern botA oartu• Mreto ~nd theu succts~as ~nd ~a~~~ni. No i~en upon any of
s~~d polic~es of ~nsur~nce or ~pon any retund or reiwn p~s~iwa ~bicA say et d~y~ble on tAe c~ncells~~on or term~e~uon thereof, ~h~li
be {~ven to othcr tAan tAe 11at~~fee. e~cep~ er orope~ endassasnt ~ffiaed to i~cA polity •na •opo•e~ sr M«~p~ee. E.cn poi~.~
~naw~nce •h~l! h~ve a(f~aed 1Atreto ~ St~qd~rd Ner Ywk ?1ott~~~es Cl~rs~ rithort Conq~b~l~on. e~ak~n~ ~II (oss ar iosses unJer .uch
pof~cy payable to tAe 4a1~a~se sa its in~erest m~r ~ppetr. Is tYs sv~~t ~~r ~ws or ~wy o( uonsy bstawt P~y~01e ihereunder t11t ~lort•
sa~ee shsll A~re the o4t~oe to rece~re and •pply the s~~s oe ~ccornt d tMe ?nd~btedne~s Aeresy iecured, or ~o perx+~~ ~Ac ~Inr~~a~~r
~o rece~vt ~nd use u. a~ny p~rt ~hereof. •~thout tAersYr ~~iv~e~ ot ~~tysuuK •nr tau~~r. l~en, w ntAt ~nde~ and h~ v~~~uc o! ~A~.
Ta~a~ie. In erent of loss or phy~ic~l d~ma~e to the n?ort~~~ed prooerty tAt Mort~~{o~ sh~l) ~~rt ~~rnedutt not~ce tAere.~f by rr.~i ;
tAe.M~~~~~cc ~nJ ~he Mrxi~a~ee maY ~+aYe prn~.i u! lo~~ if the .~me n noi maJe prump~ly by tht Np~~~aM. In cvrm o( Iwe.la.uie ol ~
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` gaoK18`7 PACE 652
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