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Home My WebLink About2694 PROVIDNf1, ALNAYS, that ~t the \1urt~a~or shall pay unto the ~lortga~ee the indebtednes~ rviJ~nctd M a certam prom~~sory ~ote wh~ch the follaw~~s in wa~ds and fi~ures ~s a trut capy to-wit ~ ' ~ ~ ` ~ 2850.00 . October 10 0 ~ 3 Miami. Florida 19 , Fl)R VALUE: KF:CEIVF.D '+~e, ~ointly r~nd severally, promiae tu y i tutheord~rof i~Ti,`iQri LYl~id.' 1 tl~r ~?rinci~~al sutn o~ 1W0 Thousand lg liun re 1 31 8?II ~?O (,~,pR$, ~ogether with intercet } thrrc~~~ [wm date at the ~ate o[ ten percent~ per a~num until maturitp. both p~ncipal and interest being payable in lawful moncy ~f , i tt~r U~ited Jtates at rY44 Bihcayne Bivd., hliami, Florida, or at such other place u the holder~ !?eeeof may designate in writing. ; ~ P~ncipal and inteteat payable in ina~allmenta ~s follows: ;Seventy (870.00) Dollars per month, beginning on the 15th daf of December, 19']0~ and continuing on the 15th day of each and~ every month thereafter until paid in full. ; I This note may be prepaid in whole or in part attet one yeu ftom the date hereof upon paymens of a penalty equivalent iu five percent of the principal sum prepaid. i F.ach in:tallm~nt payment shali be credited first on the intereat due~ and the r+emainder on principal; and interest shdl thrre- upoo cea~ upon thc principal so credited. ~ Tl~e makers and endorsers of thia note [urther agree to waive demand. notice of non-payment and proteat. and in the even suit ~ ~liall be brought for the collection hereof, or the same has to be cdlected upo~ demand of an attorney, to pay re~sonable at y's frr. fur making such cdlection. 1 z Dekrred payments hereunder shall beu interest at the nte of ten percent per annum Gom maturity until paid. ~ 7'his note is recured by a mortg~ge~of even date herewitl~ and is to be conetrucd and enforoed accadin6 to the lann of the ~ ~tate oI Flarida; upon dafault in the payment of principal andlor intereat when due, the whole eum of principal and intered • ~ «uining unpaid shall, at the option of the hsl ~s. become immediately due and'payaWe. > r~ I ~ / - ~ / . ''1• / ~ ~S~L~ i ' ~i ~ ~ SEAI~ ) , ~ ; ' _ (SEAL) ~ Pre~ared by Spicler dc Tendrieh, Attorneps - 2240 Bi~e~yne Bt~d., Miami, F • ar~J ~hall perform, comply w~th and abide by each and evety the stipulations, agreements, conditions and cove- na~ts of said promissory note and c?f this deed. then this deed and the estate thereby created shall cease and bc nutl and void. t 1. The Mortta~ot hereby covenants and agtees: (a) To D~Y all and s~n~ulu the a~~c~p.i and ~nurest ~nd other sums ut money D~Y~b~~ by vuiue o( s~~d p[om~ssoty note •nd ~h~s deed, or e~ther, pranptly on tAe dsys tespec~~rely the same severally becomes due. lb) Tu perm~t, conrn~t ur sutler no Wsste a~d ro ms~n~s~n the ~mptovemcnts at all t~mea m a st~~e o( ~ood repau and cond~uun, and to du ~x perm~~ to be done to ss~d prcmues nothm~ that Mill alter or chan~e the usc snd chu~cter of s~id propetty ot m any way ~mpau ur i reaken the se.un~y of th~s mwt~~~e. And m case o( the refusal, ne~lect or ~nabih~y ot the Mort~~~or to rep~~r ar.d ma~ntain s~~d propc~- i ty, the Mort~a~ee m~y, st h~s ophen, make sucA repaus or cause the s~me to be made, and advance moneya m th~t behalt. ; (c) To pay ~11 and .~n~ular tAe taaec. assessments, lev~es. I~~b~l~ties; and obli{~t~ona o( every nature oe s~id descr~bei propeny ea.n and e~ery WAqn due snd paYible accwd~n~ to la~r, be(ore they Aecane delinQuent, and to dtl~ver to the Mort~s~ec on or befwe M.rcA ~ IS~h of e~ch ycar ua receip~s evidenc~nd ~he paymen~ ot all I~+~fully ~aposed tues (or tht preced~n~'ealendar ye~r; Io rodemm(y ~hc Mat~a~ee upon his Jem~nd fo~ all taaes, avse~~ments and ch~r~es tAat may be •sseased upon ihis mort~a~e on the indebtedne.~ r cureJ Aereby, amf pa~d by the mort~a~ee, +Rhou~ re{a~d to any I~r hereto(ae enacted a herea(ter to be e~~cted ~mpos~n~ ~aYmeot o: the Whole or any ~•art theree( upoe the Mort~~~ee. e i Idl To pay all ~nd a~r.{ulsr the costa, cAu~es and eapenaes, inelud~n~ la~yers' feey and ~bstt~ct costs re~son~Dly ~ncurred or p~~J a~ ~ any ume by the Murt~s~ee becau.e u( the fa~lure on the p~rt ot the Mortpio~ to perform, coaply ~vrth ~nd ab~de by each aod evc~y ~Ae € cupul~uons, apeements, cond~t~ons and coren~nts of sud proe~uso~Y note ~nd th~s deed, ot e~ther, and evtry sueh paymem shall ne.~ ~ ~nteres~ lrom dau the rste ot ~cn I IOS) per centum pa •nnum. ~ lc? It ~s (uriher covcnanted ~nd a~reed by sud part~es ~h~t ~n tAe evenl of a awt be~n~ msntuted to (oreclose tAu n~ort~a~c, ihe Mr+r~- ~ ~a{ee shall be cnwled to ¦pply any ume pend~n~ such (orecloiure suu to the court Aw~n~ ~ur~adieuon thereof for tAe appo~mmene ~ of a rece~vtr of all and sin~ular the mo.~~es{ed p~operty, ~nd ot ~11 teets, ~ncomes, ptof~ts, usuts and rertnues thertof, f~om .hat.ue.cr .~wrce denved: aad thereupon ~t ~s hereby eaptessly eoveaanttA ~a0 •{tted th~t the Court sA~ll fotth~rith ~poomt such rece~rer .~~tA ~ ~hc wwl po~rera and dut~es of rcce~.ers ~n I~ke c~ses, •nd sud •Ppo~mmen~ sh~ll be made by the cowt as ~ mstter of stnc~ n~A~ ~u ~ ~Ae MeK~{a~ee, and ~r~~Aout reference the adeQuacy or ~n~dequ~cy ot the value of ~he property Aereby mat~a~ed, w io the ~alren~Y w insolveecy of the Mor~~a~ors a any o~her par~y defend~nt to aucA suie. The Mw~~~~a heteby spet~(~c~lly r~~vta U~c r~~h~ ~o oA~ec~ ~ ~o the ~ppo~ntmen~ of a rece~re~ ax aforesud and hereby eapresilr consents tlu~ such ~ppo~nta~ent sA~ll be made ~s ~n adm~eted eyu~~~ ~ sred ~s a niaaErat ~bsotute n~At to du .LIa[p~ee and th~t the s~ae aar be dare .nthont ~rotiee to che IAors~~~or: - ~ ~ (fl If forecloswe proceedia~s ahould be ~nstituted •~~in~t tht propsrty covered by th~s mat~~~e upon any o~l?er lien o~ cl~~m WAetAe~ •Ile~ed to be superia or ~un~or to the lun ot th~s mort~~~e, the Mort~~~et may at h~s opt~on ~mmed~attly upon ~nst~lut~on o( ~uch su~~ ? or dunn{ the a~e~~cr ~hereof declue this mortqie •nd tAt ~ndebtednrss secured hereby due •nd piY~blt (athr~th and may at ~t. ophon poceed to foreclose tA~s m«I~a~e. ~ 1~) Th~t the Mataa~a +nll keep sll real ~nd persoeal proosrty ao~ a heru(ecr eacumbertd by the I~en of tR~s a~ort~~~e ~naured •s mar ~ be requued fro~ ue~e lo t~me by tAt Morti~~ee •~ain~t loss by f~tt, ~~ndstam and o~her h~i~rds, c~swlues ~nd con~m~enne~ 1~~ w~h ~ pu~ods and ta not leis Ui~a sucA aeaunts u m~r Se tsqu~ted br ~he Mort~~~ee •nd to p~y praaPtlY +~hen due •11 prem~ums s~~h insurance. Tbe u~ounta of ~aaur~nce reQ~ued by tAe Morls~~st ~A~11 be tbs sie~mum aaoum• fw rAich s~~d ~nsw~nce sha11 be rrilttn ~ and sh~tl ee ~ncuabent uPon the Mort~~~or to isa~nt~~n ~uch ~ddiuae~l ~esur~nce m~7 ee necesauy to meet and comply fully .~~A •11 co-~nsur~ne• reauueu~n~• contamed m sud pol~ciq to ths eod eA~t the s~id Mort{~{q ~s no~ • co-~nwra thereunder.lnsur~nce sh~ll be ~rr~tten ey a co~~nr a~ co~p~n~es ~?ptored a de~~N~ts~ br tAs Mortja~es snd ~11 pol~c~es •nd r~as~~ls t~sreof sAall be helJ ~ by ~ht Na~~a{ce. All detatled deii~n~UOna by the Mat~~~or +~A~tA u~ ~clleptsd ey tNe Mort~~~te ~nd ~11 a~tetwents be~reen Mort~~~w and Mort{~~ee ~e1N~ns ~o ~n~rr~nce. nor eauun~ or he~e~fttr wade. ~b~ll be ~n ~ritm~ ~nd sA~ll be ~ P~rt of thii mat~a~e •~reemcm •s fully •s thou~h set (aU ~erb~t~m Acrein ~nd ~h~ll ~ovsrn botA patties hsreto ~nd tbt~t srceessms ~ad ~ss~~ns. No I~en uPon any ut s~id Oofic~es of mwr~nce a upon •ny refund or return pre~i~ +rAieA ~ar be PaY~ble on tAe c~ncell~tioe a tcrwm~twe thcreot, ahall be p•en ~o aher ~A~n the Mort~a~ee. e~cept by ~ooet endw~sw~4t •(fiasd to •ucA pol~cy .na •opro•s~ br M«~~.~ee. E•cn po~~~y ~~f ~ iniwance sA~ll A~ve •(t~asd tAereto ~ SunduA Ne+r Y«t Nor~a•sss Cl~ws .~tAout Coeu~buuon. atis~ ~11 loss a losscs unJer .uch ~ po1~cY p~y~ble ~o ~hc Mortp~ee as ~ts m~cres~ auY •pPeu. In We e~~nt ear awn ot iuss of wooefr bstowe Ny~blc thcreunder ~Ae ~1mi- ~ ta~ee ahsll A~re ~he opuoa to rece~re and ~Pply the s~~e on ~ccornt of ~he ?ndsstsdness Aereby secwsd, a w permu the Nnri~aRor ~ ~o rece~ve •nd wt ~t, a•ny p~rt thcreot. r~thout thereby ~~iv~a~ a~~unu~ ~nr s~~tr, I~en~ ot n~ht ~nder and Ay vuiur ot tA~. ~ ~ phys~c¦I dsn~a{e ~o tAe mort~a{ed poperty the Mort~~~a sMll pve ~~edute not~ce IAercuf by r*~ei i.. { nwrt ~~a In erenl of loas or ~ ihe Mat~~~ee ~nJ ihe Mnr~~s~ee m~y nute poof of loss ~f ~he .~me is no~ m~Je pweytly br Ihe Mat~~~a. In •yrn~ n( Iwe~in.urc n( ~ . , . ~ , ~.f i ' ~ ~V • w~: p ~ ~ ~ r r ~NUC ~ ~ ~'a . . _