HomeMy WebLinkAbout0414 PROVIDEn, AI.WAYS, that if the Mo~t~a~o~ sh~ll pay unto the Mott~a~ee the indebtedness rv~danczd by ~
ce~ta~n prom~ssory oote - of which the followin~ in wo[ds and fi~urc~ ~s a we copy tawit:
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, OctoSer 24, 70
S 3300.00 Miami. Flori -
Fl1R VALU~ RECEIVFU !:e, jointly azd :~C~ 4T.illy1 promi.x io pa
o the wde~ o( MnRRT$ NA~.IAti ~NI~ ELI7AALTH-N~ T~ l'1T RE
~ principal sum o( T~"ce ThOU ~and Three Hundred ancl no 100-- [~I,LARS, togeth~r with intetrxt
rn~~n tn~m date at the ate oi t~n percent, pe~ annum until matu~ty, both ptincipal and intere.+t being payabk in lawful money u!
~i~e United ~latee at '..'.''•44 Bi+~cayoe Blvd.~ Pliami, Elorida, or ~t ~uch othe~ place ae the hdde~s heroof may daugnatc in writing.
Principal and inte~rrt payable in instdlments as tollows: _
Sixty (;~60.00) Dollars per month, for sixty (60) consecutive months,
on the 15th day of each and every month, beginnin; on the 15th datiy
of December, 19?0, ~nd continuing until the l~th day of December,
19?5, at which time the balance shall become due and payable.
This note may be prepaid in whole or in part atter one yeu [rom the date he~eof upon payment o( a penalty equivalent
ta five percent of the principal sum ptepaid:
Each installment payme~t r~hall be ccedited Grst on the intereat due, and the remainder on principal; and intereat ~hall thrre-
upon cease upon the principal ao credited.
The makera and endorsers of thia note (urther agree to wa'we demand. notice of non•paymenl and pwteat. and in the event wit
:I~all be brought for the collection hueof. or the same has to be collected upon demand o( an attorney+ to pay reasonabk attorney i
fern [vr makir?g such cdlettion.
Dek~ed payments hereu~de~ shall beu interest at the rate oE ten percent per annum [ran toatu~ty until paid.
Thia note is aecured 6y a mortg~ae of even date huewith and is to be conatrued and enfoe~ced accadit~ to the laws o the •
State of florida; upon defautt in the payment of principal andlor intuest whe~ due, the ~rhole *uu oE pnnciPd aad
rrmaining unpaid el~a11, at the option of the holde~s, become ~aunediatcly due aad payable. ,
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Repued by SPieler & Tendrich. Actor~n - 2240 Biaarne Blvd.. Miami, P -
anJ ~hall perfcxm, comply with and abide by each and every the stipulations. a;reements, co~itions and cove-
nsnts of said ptanissory note and of this deed. then this deed and the estste thereby created shall cease and be
null and void.
1. The Mort~asor hereby covenants and a6rees: ,
la) To p~y all and sin~ulu the pnnc~p~l ~ad interest aad ot6e~ sYens ot ~ooeY WY~ble pr virtue of s~id prosissory note and th~s -
deed, a either, pro~llr oe tYe d~ys respectively tAe sase sere~ally becomes due.
lp) To pena~t, caaw~t or sulkr no ~~ste a~d to s~~n~~~n ~he ieprove~aents at ~I1 times ia a state ot ~ood cepair sad cond~um, ~nd to
do or pcrmit to be doae to sud presuu aothina th~t ~~11 .u~r «~ea4s~ w~ .oa ~au.~c~r or ,.a ~o~«r o~ ~a .~r ••r ~mw~~ «
+reaken the securitr ot tl~ii so~tN~e. And io case o( t6e retus~l. es~lsct at iaability of the Moryaso~ to reair and s~iaain s~id proper-
ty, ~Ae 61or~q~ee may. ~t Yis optioe. make iucA rep~us or c~we tbe sue to be sade. and aArance eoaeYi in tlyt bah~lt.
' tc) To PaY alt aeW s~nsulu the aies. ~asessseaa. levis~. li~biliti~s. ~ed oAliptioos of e~et~r esture m said desenbed prooertr each
; and everr rhen duc aad payablc accad~n{ to I~w~, be(ore tAer esco~e dsliapieet._ asd to deliver to t6a Mon~a~ee aa or !c(a~ Narch
' ISth of tacA year qa receipts evideacin~ We pqrment ot ~11 Irr(rllr i~osed tu~ea tor.tAe ~ecedia~ e~leedar yeu: to iadeanify the
~f Mort~a~ee ~pon his demaad fo~ all uxes. aasesascets ~ad cbarpa dut w~y be assesacd ~ooa Wis sort~~~e ou the iadeetedneas
~ cured 6ereby. ~~a r.~u er ~ee oa~a~ee, rithout teNtd to aar 1~~ Yeretotare en~cted or Aete~fter to ds ea~ctsd i~qosios ~sYeent of
~he .6ole o~ any ~vrt tAereot upan the Mortptse.
! (dl To psr sll sod sin~ulu the costs; clur~es and eaoeasss. i~elydina t~~rers' fee• sod aesttaet costs tpsonabh iecuned nr,p~id at ;
~ any ~~me Ay the I~lort~~~ee becsa~e o( the. (ulure on ~he ptt of t~e Mortq{ot to per(on~. eo~lr ~rith ~sd ~bide by e~ch and evtrY the `
supulat~ons, a~reesents: coadiuons and corenaats of s~id ~o~i~satp note ~nd t6is deed. or either, wd erery such'p~yment sh~ll bear :
~merest ttas da~t •t We rate of ten (lOL) per centYe per ~aa~a. , I
(e) It is (urther corenantcd md a~reed by a~~d put~es ~A~t ia tYe e~eat of s swt beie~ iasutu~ed to toreclose t6is wat~Ke. the Mort- ~
ss~te sAall be entitkd to sOplr ~t any ume pendin~ sYCA toreclo~ure suit to We court luvie~ jrriidittioa tAereof fa ~he ~ppo~ata~em ,
ot s re«~~e. ot .n ane sissui.r ~ue .«~s.s~a ~openr, ~a0 0( ~II reets. ieeo~es. ~ofits. usues a~d rs~~uYes the~eof, fro~ .ba~soevcr ~
sauce den~ed: aad tAetc~ooa it is hcreby eapresalr cmrsus~ttd uM urted thu the Caut sA~ll (otth~ith ~Moiat s~ch reccivcr .ith f
tAe ~swl po~crs ~nd duues ot receirers in like cue~: ~na ~pOIAt~CAt ah~ll be yde br tMt to~rt u~~attet of sttict ri~At to
the Mort~a{ee. and .ithuut retereace tu the .a~qw~r « w.ae~,~r ot d~e ..i~ ot Uu prooenr Ae~ebr ~orep~ed. or to ihe solvency ?
o~ insolvency of tbe Mort~a~as a any other party detcud~at to sYeh s~it. Ths 6tort~~~or Aetsbr soeci(ieallr ~~ire~ 1be n~Ai ~o ob~ect
to tht ~ppoiauecet of ~ receivcr as afores~id ~ad Aerebr esores~ly cw~eata t6~t such s~?iatweat sM~ll be ~de ~s ~n ade~tted cQu~ty
~nd ~s ~ wuer of ~bsolrte ri{ht to the Mat~a~ee ~ad tbat the saas yy bt doAe ~ichout sotict to IAe Mort{s{o~.
(f) It (oreclwure Orocecdiajs should be iestiwted ~{~ia~t tht Oto/~ttr torersd br tbis ~wttp~e dooa aar otbet lita or cl~~w ~hNher
alle~ed to be s~perior or jw~ia to Ihe licn of this sort~ate. IAs 11ortNNs ~r ~t Ais ootioa i~sdi~telr o/oe ~nstituuan of such su~t
or dw~a~ tAe pcndeecy t~ereot declue tYi~ ieort~~~e aad tbs iMebtedne~s aecved hpsbr due ~nd aYablc forth~ith and may at ~t~
i opuoa proceed to taeclo~e ~Y~s sortpse.
~ _Th~t the Mort{a~a~ ~ill keeo all real and persoaal prooettr ~ov or Aereafter eecw~bersA br tMe I~ea ot tdis ~ataa~e ~mwed as msy j
~ bt req~ited fraw ti~e to ti~e by the IAorq~ite ~N~nst loss br fitt. ~riedstas ud o~her hasards, c~swlties ~nd conun~enc~es tur sucA ;
~ penods ~ed tor aot kis ti~s •rch ~wowib ~a ~nlr bs r.~.u.e ~r ~u t~waee .na io o.r ~o.o~tr .ees aYe •u ro. :~~n
msYrance. Tbe ~woYnta of ia~~r~ece reqnirod br tYe Moryape ~lull M tMs ~iw s~ounts fa ~AicA a~i0 iesYrNCS absll be ~ntten
~ and it sb~ll be ~newbcet uroa tAe Morc~~~or to w~wtaie i~c\ ~d~itiaad ~e,~r.u~e ..r be peees,.rr w.eei a.+ co~~r r~nr
Mo
•II co-~asursuce reauire~snu coutaised ie •~iA plicie• to t~s s~d Mat tAe aaid Mort{a~at i~ ao~ ~ eo-i~awer tAereunder.lasur~nce
~ sAall be wUten br ~ co~~y ar co~P~oies ~~to~ed a Ie~ipwtM tAs Mortau~s ~~d ~11 oolieis~ aud ~~~is tusrsof sAall oe ~eld
~ by We Mataaaec. Atl de4ilcd ~csi~aations by tAe Mort~a~or vMid ~n ~eesOted br Ws Yo~tp{se ~0 all ynMS~ts bstweeo Ma~~tor ;
~ ~ad Mortja~ee ret~t~a{ to i~~rnuce, no~ csistias or hen~ttsr w~~. ~Yall be ia vritia~ ~e~ s~~ll Ye ~~tt ef tYii ~ertp~e a~rceecat i
u f~llr as thou~h sct tor[U ~erb~~~s~ herein aM sAall {e~sn bo1M /~utis~ Mrsto ~N U~eir srecesaors q/ usi~w~. No lien rooB asy of ~
s~id oolicies of ieswu~cs a nOas ~ar refuod ar retarn ore~irw vrYid ~i ~ MY~ble os tAs cuestlNi~s ar ierniwtiou ~Aereof, shall
O! ~IYCA l0 O[Atf tAan tMe Mortaa~ee. e~cePt bp Oro/er sNo~~er~t dtiasl to s~cM oolity ~s/ ~Mrmrd ?r Mottp{se. E~ch pol~cy
ia~~rs~ce sball M~c ~tfits/ tAereto ~ SuiWard Ne~ Yert YKtNp~ Claw .iltwt Co~trilrtio~. ~ti~{ ~1) bss a losses wWcr .uch
oo~~cr o.r.s~e ~o ~ee ~onp~se ~ts ie~erest ~alr ~~~r. tis s~Mt ~~~w a sYws of ~qr bseaws Nr~dle U~ereunder ihe ~ton-
~ ~a~ee shall A~•e ihe qtio~ to rece~ve ~~d •~tr tlu s~e o~ ~cearU ~f 1~s i~MsMs~s rsre~r ssureA, o~ to Oerw~t the ~t~sRm
~ !o recewt snd we i~, ar ~sy art d?ereof. w~itAoot d~e~~ ~~i~iq ~r .er sw~~r. liee. or n~ht ~nder and by v~rtre o( tA~.
wort~aae. le eves~ of iws a/Ari~c~l di~a~e 1o tAe wKt{~{ed /rootttr 1Ae MottN~at ahl) ~i•e,.~ediue ~a~ce ~Aercof by T.~1
~ the Murt~~~ce. ~nJ ~ht Mnr~{a~et saY ~kt p~oaf ot loss d ~Ae se~e ~s na wde ~oaq~lr b~r d~e f~1o.~s~«. (n tven~ n( (u~t~lmwc o(
~ ' - BOOK 108 PACE 413 ~ -
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