HomeMy WebLinkAbout2822 PROVIDFII, ALw'AYS, that if thr Vort~a~ot shall pay unto the 1lor~Rajee the ~ndebtednesa rviJ~ncCd h> a '
~e~ta~n prom~.ao~y note af wh~ch the f~llow~n~ in words and fi~ures ~s s ttue capv to-w~1~ ~
2050.00 October 8, ?0
S___ _ M~am~, Flonda _ _
Ft~R VALUE RECF.IYF.U W~, 3ointly and severally~_ ~,~Um;,~
! t„ thr urd~c uf _ - -
i th~ ~nnci ~al sum of WO Thou san~~-~i t i~II AO
~ 1 ~ _ ` IN)I.I.ARS, lo~~lh~r will~ int~rr.t
tl?rrcun (n~m date •t the rate o( t~n prrcent, pcr annum unti} maturity, both principai and int~re+t br.ing payable in law(ul mori~y uf
~I~r' United ~tatea at 2244 Bi.wcayne Blvd., Miami, Florida, or at aueh olher plact ae the hulders hereof may dcsigi~ate in writinK.
{'ri~ipal and intere+t payable in inatallmente as [otlowe:
Forty (~i40.00) Dollars per month, for thirty-five C35) consecutive
~ months, on the 15th day of each and every month, be~inning on the
15th day of December, 19?0, and continuing unt~l the i5th ~~y of .
November, 19?3, at wh~ch time the balance shall become due and
pa,yable.
Th~s note may be prepaid in whole or in part after on~ year trom the date hereof upon payment of a pcnalty equivalent
iu five percent o( the principal sum prepaid.
Each inatallment payinent .hall be credited first on the interest due, and the rcmamder on principal; and interr,! shal) iherr• ,
upon crase upon th~ principal so credited.
T!u mak~rs and rndorsers of this note fu~ther agKC to waive demand, notice of non-paym~nt and prote.~t, and in the event suit
~I~ail br brvught for thc collection he~to[, or the aame has to !re collected upon demand of an altorney, to pay reasonable +~ttorney's
frr. fur making such collection.
i D~ferred payments hereunder ahall bear interest at the rate ot ten ptrcent per annum Gom maturity until paid. '
1'his note is raecured by a mortpge~o[ even date herewith andia to be conadved and enforced accordin~ to the laws of
~tate of Florida; upon dtfault in the payment of principal a~dlor intetest when due~ the whde eum of principal aed i~te
' rcmaining unpaid ahall~ at the option of the holders. bccome immediately due and payable;
~r •
~ . , ~ ~r . c~ L~~~.,1_ (SEAL)
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Pirepared by Spiekr & Trndrich. Attomeys - 2240 8i~eayne Blvd.. Miami. F .
anJ ~hall perform, cumply w~th and abide by each and every the stipulations, agreemeRts, condition~ and cove-
nants of yaid promissory nvte and c?f this deed, then this deed and the estate thereby created shall cease and be
nuil and void.
1. The Mortsasor hereby covenants and agrees:
la) To pay all and sm~ular tAe pr~nc~pal and mterest ~nd otAer aueoa uf money p~yable by v,rtue of said promisswy note and th~s
detd, or e~~her, promptly oe tAt days re~pee~~vely ~he same sever~lly ~ecomes due.
(b) Tu permu, cam~u ur su(fet no ~rute and io munu~n ~he ~mprovements at all umes ~n a state of ~ood repau snd condwon, snd to
do ~x pcrm~}_ to be doee ~o s~~d prem~ses noth~rt~ tAat r~ll alter or cAan~e the use •nd cA~t~ctet o( sa~d proper~y or ~o any ray ~mpa~r ..r
+eaken the secunty of th~s mwt~~~t. And m case ot the relusal, ne~lect or inabilify ot tAe Mior[s~jor [a ~syiiramd mamtam sa:d proper• -
~Y. ~Ac Mat~~~ee m~y, s~ h~s opt~a?, make such repa?ts or causq the s~me to Sc madt, aed advance moneY~ ~hat beh~l(.
(c) To psy all and ain~ulu tAe taxec, asses~ments, ler~es, (i~b~l~ties, and obfi~suons ot every nature on s~id desc~~bed propeny ea~n
and every ~hen due and payable acc«d~n~ to I~w, befa~e they becane delinquent, and ~o deiiver to the Mort~a~ee on a befoae M•rch
IS~A of e~ch year ~aa ~eceipu er~denc~nj tAe psymeni of •11 Iwfully uaposed t~aes tor the preced~n~ e~lendar ye~r, to ~ndemndy ~he
Mat~~~ee upon his Jeeund ta all ta~es, a.aeacmems and ch~r~e• that m~y ~e •ssessed upon th~s mort~a~e on.tAe ~ndebtsdne~~
cureJ Aereby, and pa~d by the mort~a~ce, .ithout re~ard to •nr t~~ Atretofore en~cted or hereafter eo be enacted imposins psymem o:
~Ae .hole or sny ~arl thereo( upon the Mort~~~te.
Idl To pay all and ain~ul~r the cos~s, ch~r~ea and expenies~ intlud~ei I~~ryers' fees and ~bstr~et cosu re~sonablr incurred or p~~d a~ '
an~ ~~me Ay thc Matpsee becau.e uf tAe (ulure on the rt of the Mort • or to '
p~ t ~ pertorm. eanply r~th and ab~Qe by each and every ~Ac
+tiput~uoos, a~reements, cond~~~ons and covenants ot sa~d pomissay note and th~s decd, ot e~~her, and every such payment shal! ne~.
~n~eres~ Iran date a~ the rste ot trn UOL) per cent~m per ~nnum.
le/ (t ~s tur~her coren~nted ~nd apeed by s~~d part~es th~t ?n tAe t~tnt of a au~t be~n~ ~nst~tu~td to toreclose tbu mat~~~e. ~Ac M~xi-
~a{ee sA~ll be mtuled to •pply at any ume pend~n~ such torectoiure su~t to tAe court h~vm~ junsdiet~an thertol fo? the sppoentmen~
of s rece~wer of sll ~nd ainsular the mortp~ed property, ~nd of aU rents. lncanes, profits, ~ssues ~nd reveeuea thereof, f~om r~hat.oe•cr
.ource denved. and thereupon ~t is hereby capressly coreasnted ~~d ~~reed tA~t tAe CoYrt sh~ll forth~ith appo~et such rece~ver w~th
the uaual porera and dut~es of rece~vero ~n (~ko uses, ~nd rud ~Ppo~nteneni sh~l1 be nudr by the cowt ss a mstter of stnc~ n~h~ to
~Ac Mex~;a{ee, and vith~!! u(erence ~he ~deQuacy or m~deQwcy ot U?e valuc ot the property Aetepr mat~a~ed, or w~Ae ~ul.ency ;
~x ~nsolvency of the Mort~i~aa or any other party defendsnt to auch su~t. The Mw~ra~w Aereby ~pec~(~t~lly w~~res the r~~h~ ~o oe~ect
ro ~he appointment of • rtce~rer a,. atoresaid ~nd hereby eap~esily con~ents that such apyo~ntmen~ sA~ll be ia~de ~s ~n adm~«ed cyu~i~
and as a ny~~er ot ~baol~tt ri{h~ to the Mat~s~ee and th~t the aa~e ~ar be done w~tAoac notice ~o ths Mort~~~or.
(f ) If loreclosure proceedmp should be miNwted •{~inat tht OroOsrtr core~td by this nwrt~a~e upon anr o~her hen w clum .hether
allc~ed to be supenor or ~un~or to the lien ot this mort~~~e, the Mo~t{~{te msy at his ophoe immedi~tely upw~ ~nshwt~on o/ .ucA su~t ?
or dwm{ the pendtacy the~eol declsre th~s morts~ae ~nd the ~ndebttdn~~s aecured herebr due •nd p~yablt fwthr~th and may al
oDt~on prxeed ~o (atclo~e tA~s mort~~~e.
Th~t ~he Mat~aso~ w~ll teep all re~l ~nd person~l prooertr no~ ot Aere~(~cr encumbered by the I~en o( this mort{a~e ~naured as may
be requned froa~ uwe to use by the lNort~a{ce ap~nst loss Sy (ire, ~tndstotm ~nd o~htr haaards, uswhus ~nd continjenc~e~ L,r w~h
per~ods and ~or nol less th~p such ~a~oun~s a• aaY be reou~reA ~r tht Mor~~a~ee •nd to osY p~ooP~ly rhen dut all p~em~uma tor su~h
~naurance. The ~soYnts of iwur~nce reQuued by We Mort~~ase ~A~11 be the s~a~Aws usounts for ~h~ch ~~~d ~nsur~nee shall be rr~uen
snd n sh~ll be ~ncuwbent upon ehe ~Iort~a~a ~o iaa~au~n •YCh addi~ion~l insur~nce ss m~y be necessuy to aeet and comply tulty .~th
•11 co-~nsw~nce reqwre~ents coei~a~ned ~n s~id pol~cie• to the esd ebat the s~~d Mort~a{ot ~s not ~ ca~ni~rot therew+der.lesur~nce
sAall be rntten by ~ coew~sr or co~~nics ~opro~ed or dei~{a~tsA br the I~Iort~s{es •nd •11 pol~c~cs ~nd reae.•Is inereof sh,It dc Acld
by Ue Matp~ee. All detailed deaisa~UOns py tbe Mor~a~~or rrA~cA u~ ~ccsPtsd sy the MatN~ee ~ad ~11 s~?eswents bet~een Mw<<~~a
~n0 Mer~~~ee rel~t~n~ 1o m~ur~nce. no~ eauun~ or here~hsr wads~ ~A~11 be in ~riua~ aod sA~ll be • Part ot tAis wa~~a~e ~~reemem
~i tultr •s thou~h set forth rerb~t~m htrt~e and sAatl ~orsrn boN artis~ hersto ~ad chs~r suceessors aed ~~iisns. No I~ee upon ~ny ut
s~id oolicies of ~n~ursnce a ~ny refund or rsturn ~e~~uw ~MieA ~r be ay~ble on the c~acell~tioe or ter~~n~uon iAereof, sh~t1
be ~wen to o~Aer ~Aan tAe May~~ee. ~.«p~ er ~oner e~e«,sasei .tliasa to •~cA Pol~cy .nd .~ro.N sr Mor~~•~ee. E.cn poi~~y
iniur~nct s6~i1 h~re •(f~isd theteto ~ St~ndud Nt~ Yak Mat~~~es Clawe .hhow Coeuibut~on, ~uk~nj all lois a lossca ~nder .uch
pol~cY ar~ble to the Mat~a~ee •s ~ts ~n~erest isay ~yoe~r. le tAe st~st ~~y sua a srss o( nanelr beco~e Nr~blt tAcreunder iAe ~1ori-
~~see sA~ll h~ve tAe opaoe to rece~ve ¦nd •~!Y d?e sNe aa accoYnt of t6e uW~btedness hertby secwed. w lo perm~~ thc ~inr~~af~r ~
to rece~•t a+~d ws it, a sny Par~ U~rreof, ~itAout tAcrsbr ~~ir~aa or ~~y~~ri~ ~nr e~~tY. I~en, o< <~S11t ~ndt1 s~d Ay vui~c ol eh~. i
~t~aie. In erent of loss or oAys~c~l dirna~e to ths n~a~~~~ed ~oPerty tl~e Q/or1~~~ot sh~ll ~~re ~~ld~~te ns~~ce ~hercu( by R.~I ~
~Ae M~~itte ~nJ ~he IY1~xi~~~ee maY ~+kt prna( of loss ~t ~he a~me is not m~Je prump~ly by tAe Wort~~~or. (n cvrnr .~f lat~l~..urc .rf
' ~ BooK~87 PACE2821 ;
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