HomeMy WebLinkAbout1124 PROVIDEn, ALWAYS, that if ihe ~1o~~ga`or shall pay unto tht ~btt~a~ee the ~ndebtednesa rv~Jrnc~.d b~ a
certain p~amia~~~y ~ote of which thc follow~n~ ~n words and f~~ures is a true copv to-w~t
= 222 .00
Miami, Floridi SePtember 12~ ` ~qrf0
~ F~~K vat.uE RFCi:~v~:u We oiatly and sevexally, promiae tu pay ~
tu th~ ord~r of 1dORRIS NAHI~i6IAS AND ~;LIZAB~TH NAAPdIAS HIS 1~J
~h~ pnnri~?al ~um o( TWO Thousand Two Hundred Twentsr Five 8IId I:I TRS, tog~th~r with int~rr~t
~I~rre.~n Gom date al the nte o[ t~n percent, per ~nnum until maturity, both principal ~nd intcreat being payable in lawful mon~y uf
tl~~ llnited ~tateri at '~:'.~t-t Elircaync Blvd., Miam~, ~iotiaa, ot at wch olhet place as the holde~s hereof may deFignate in writinK.
i'~incipal and intcreat payable in inrtallments ~s (dlo vs~
Fifty ($50.00) Dollare per month, beginning on the 15th dsy of November,
19?0, and aontinuing on the 15th de~y of each and every month thereafter
until paid in full.
~ This note may be prepaid ~n whole ot in put after one yeat from the date he~eof upon payment of a penalty equivalent
tu f~ve pe~cent of ihe principal sum p~epaid.
E~ch in.tatlm~nt µayment shall be eredited first on the inttreat due. and the remainde~ on principal; and inteaat shall lherr-
upon crasr u~wn lh~ principat so credited. .
Tl~e makerx and rndorsen: of thus note lurthet agree to waive demand, notice o[ non-payment and pmt~t, and in the eveot 't
e~I~all br brought for the coilection hereo[, or the aame has to be collected upon dem~nd o[ an attocney, to pay reaeonable attorn s
~ c ~rrs [ur making such cd~ection.
t Deferred paymenta hereunder shall beu interest at the rate of ten percent Qer annum from maturity until psid. ~
7'his note ia gecured b
y a mor t g,
~
g
e~ o i e
ven d a t
e huewi t h an d is to b e conetrue d an d e n force d accor
ding to the la~n of
~tate of Florida; upon dafault i~ the payment of princi~d andlor interest when due, the Mrhde eum of pnr~cipd and intereat
r*rn~~~u?g uapiid sha11. at i6e option of ths holde~s, become immediatety due and payaWe.
~ i c ' ~ " ti - t j. / i (SEAL)
~ ~
~~w.~a er ~kk. & 'rmer~?, ~rr ~ ~ ~ ' ) ( )
or~ryn - Z240 Bi~rne 81•d. Miami. F~ ~ SEAL
~r~d ahall perform, comply w~th and abide by each and evety the stipulations, a~reements, conditions and cove-
nants of_tiaid prom~ssory note and of this deed. then this deed and the esate thereby cteated shall cease and be
null and void. - ;
1. The Mort~a~or hereby covenants and agcees:
lal 7o par all a~ ~~n~ular the a~~c~ps~ and ~nterest and other swoa uf a~oney p~y~ble by vutue of s~?d prom~ssay note ~nQ th~s
deed, or e~tAer, promptly on tht days tespttl~vely the same severally Cecomes due.
(b) to perm~t, coma~u ~x suffu ao ~~ste a~+J to munea~n the improremen?s st sll umes ~n a state o( ~ood repa~r and cood~uun, and to
do or permu to be done to sa~d p~em~se• noth~ni th~t r~ll alter or cAan{e the use •nd chu~cte~ ot said p~operty or ~n any vay ~mpau ~.r
reaken tAe aecu~~ty ot th~s mort~a{e. And ~n case of the re(us~l, ne~lect or mab~tity of the Mort~~~or to rep~ir and ma~nt~m sud proper-
tY. ~he Mor~~aRee may, at his opt~on, make such reps?rs a c~use the s~e~t to be made, and ~drance nwneya in that t~eh~lt.
lci To p~y ~11 aad a~oiulu the ta:es, issesyments, lev~ea, ti~bll~ties, and obli~~uons o( eytry naturt oe said desc~~bed property ea~n
and every when due ~nd payable ~ccad~n~ to la~, be(ore ther becanc delinquent, ~nd to del~ver to the Mortia~ee oe or be(ae M~rch
IS~h ot eacA rear ta¦ rtceip~c ev~denc~n~ the p~ymee~ of ~II I~~fuNy ~a~osed uxea fw tAe p~ecedina talendar ye~t; to indcmmfy the
Mory~see apou h~s Jeennd (a all taaes, aases~ments and ch~r~e• tAat m~y be •ssesscd upon th~s n~at~a~e on the indeb~ednes.
~ureJ hcreby, and ~+a~d by the mats~~ee, r~thout ~e~ud to •nr I~~ heretofae cn~cted or hereatter to be enacted impoi~n~ ~ayment o!
the ~rhott or aey ~ar[ tAeteof uPon the Mort~a~ee. '
(dl To pay all snd s~nsular tAe cost:, char~es and taptaass. ineludinj I~vytra' (ees and ~bstr~ct coats re~aon~bly incurred nr pa~J a~
any ~~me hy the Martta~ee becau.e u( the tulua on the p~rt ot tht Mort~~~o~ to perform, eaeply r~1A ~nd ~b~de by esch and every tAe
ct~pul~l~oea, a~reements, condit~ons snd coren~nts ot saiA ptoa~iisory note and tA~s deed, or e~ther, ~nd erory such p~yment shall be~.
~n~e~est ?rae date s~ tbe rate of ~cn 110'L) per cenwm per ~nnwn. 3
!c1 It ~s (ur~her corenieted ~nd •~ced by s~~d p~r~~es thst ~n tAe event o[ ~ au~t be~n~ ~nst~tuted to faeclose tA~s mort~a~e, the M«~-
{a4ee sh~ll be enu~led to spply •t any t~me pend~n~ sucA foreclo~ure au~t to thc coutt h~r~n~ jurisditt~on therco( for tht appom~mem
of a rece~ver of ~II and sin~ul~r the iaor~~a~ed property, and ot ~11 rents, incases. polits, iisues and reveaues thereof, from vha~~oe.cr
.~wrce denved: and ~hereupon ~t is hereby eap~esslr coveR~~ted ~~d ~~reed that tAe Coutt ahall farth~ith ~Ppo~nt such rece~ver with
the YsY~I pO~tft ~nd dut~es o( uce~vers in Gke ca~es; and s~id •ypo~ntment sh~ll be made by Me court ~s ~ m~tter of s~ric~ n~l+t ~o
the Mort~a~et, and rithout re(erence tht tdequacy a inadeQUacr of the value of tAe ptoperty Aeteby mott~a~ed, or to ~he a~lven~y ~
w insolr~ncy of the Mortaa~ors a~nr o~her paity defendant to sucA suit. The Murt~~~w Aertby apeedit~lly ~r~ives tAe n~Ai ~o ob~ect ~
~o the •ppo~nunen~ of a rtce~~er ar a(ores~~d ~nd herebr eaptes~lr con+ents tha~ such sppointsent sh~li be made ~s an sdm~tted cyu~ty
and as a~atter ot sbsolrte nsht to tAc MatN~ee •nd th~t tbe ~~~e ~sr be donc w~thout notice to the Mort{~~or. ~
(f) 1f taecloswe poceed~nas should be ~nstituteA ~~~iwst Ns proNr~r covered by th~s awrt~~{e upon ~nr olher I~en or cla~m wAelher
+Ile~ed ~o be super~or or junior to Ue lien of th~a mat~~~e. ~he Ilort~~~ee nwy •t his ophoe iiamed~~uly upon mriHUUOn of .uch su~t
Ot AYf10` lA! peedeecy tdereof declsre th~s ma~t~~~t ~nd tAs indebttdn~~s iecured hereby due and pay~ble (ath~~~A snJ may s~
op~~oe proceed to toreclose [A~s ea~ts~~e.
1~) Th~~ the Ala/aa~or ir~ll teep ~II rcal ~nd person~l popertr eov a he~e~fter encumbered by the t~en of this eaort~a~e ~nsured as may
be teQuueA froe~ uwe to tirne by thc Mortp~te •~a,n,~ ios, er t~re. ~mdstam and o~her hazards, t~swthes ~nA con~~o~enc~ea fur .uch
per~wli an0 ta not leas tlu• sYCA amoun~a maY be is~~reA ~r tAe 1~{o~rtaaaee ¦ to P~Y ptoe~lly when due •II prem~ums for su~h
~eiw~nee. TAe s~ounta of in~w~nce reau~red by tMe Mort~a~se ~A~II Ye tiu w~~~wum ~ounts (or ~A~ch ~~~d ~nsurancc sh~lt be wr~iien
and ~i sb~ll be incwbcnt uoon the Mort~a~a io w~euin sucA ~4ditloqN insur~nce ~~r be necess~rr to ~eet ~a0 compty fully w~~A
al! co-inauranct repuressnti conti~ntd in s~id policiea to ILs s~d tl~~t lhe s~cd Mort~~{or ~s not ~ cw~ni~ta lhereundei.lnsur~nce
shall be ~ntten by ~ co~~ay or cop~n~e~ ~~o~ed a des~N~ts~ er tAs MO~I{~~6• •Nd ~11 PoI~C~ts ~tld f~AOr~ls tN~ttof sAill Ae helJ
by tAe Mat~~~ce. All Oetailsd des~{e~t~ons by tht Mort~~~or rhttb W~ acccottd br tAt 11artN~tt aad al! a~tss~esti eet~esn Mat~~~w
and Mor~~~sc rel~~m~ to ~nsw~ncc. no. eauun~ or bere~fter a~0e, slull bc in ~ritln~ aed sh.11 be . ouc of ~Ai, .or~~a~e .~~een+en~
•s fullr tho~sh ~et (orth ~erb~t~a~ h~rein ~nd ~hall ~orern both Mrtie~ h~teto ~a! th~ir sutcessors sed ~ssi~li. No I~en ~Pon ~ny of
¦~id ool~cie~ o( ~n~w~ece or ~ooo ~ar refwid a retwn p~e~iw~ +r~ld pr Ss aY~ble on tbs tulttll~tioti or terwiMtion tAt~eof, sAall
se ~~ren to aAer ~h~n tAt Yo~t~~~ce. eacePt Atr proPsr sn0assesAt ~ttis~d to i~eh Pol~cy ~nd aprovd br Mort~~~ee. E~ch poli~y ~~1
~n~rr~nce ~b~ll luv~ •ffiasd tAere~o ~ St~qdud Ne~ Yak YartN~ss Cl~ws rithoat Co~viAut~oa. pkia{ ~11 loss a iosaes unJer .ucA
Pol~cy a~able ~o ~At Mortp~se •s its ~a~creat awr ~Pyeu. 1~ tMs ~vqt ~~r a~ at sw~s of ~sr bstowe p~r~ble tAercunder ihe ~for~. ~
~a{ec sh~ll hare tAe oot~oe to recs~ve ~nA ~oplr We ~~rs oe ~cco~wt d Uu ~ad~etsdMSa brs6p secrred, or ~o perm~~ ~Ae ~1nri~af~r
to rece~vt ~n/ we a•nr oart tAereof, witbort Werdr ~~i~i~~ a iwPuna~ .~r s~~~r~ t~en, or r~~t under and Ay v~rtur o( ~hr.
worta~je. In erent of loss or phys~c~l d~s~~c io the a~or~~~~ed ~roPerty 1Ae INorya~or sh~ll ~~ve ~~tdi~te no~~ce iherc~~f br ~r~il
Ue IMa~~~~ee ~MI ih~ 4Mw~~a~ec auY iuakc p~M?f of lo+a ~t ~hc s~a~e ~s no~ m~de pruaK?~ly by tAe alatj~~or. 1~ evrnt ~d Iwe.lr..urc nt
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' BOOK ~U~ F'AGf
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