HomeMy WebLinkAbout2883 PROYI[1EI1, AI.WAYS, that if the ~kxt ~~x s~+~ll ~
t t p~Y unto the ~brt~a~ce the ~~idebtednas. cv~JcnceJ bY ~ .
y_ _ ce~u~n prom~ssory note o( wA~ch the fullowin~ wotd~ and t~~utes ~s • true capy tu-v?it~
f ; ~ivd~~+~~C r~tC
~---~3D•QQ ~1ia~ui. Florid~ Ne~cmbar~0 ~~~_?0--- ?
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' Fl1N ~':11.1~F: ttF:(:N:IVF:I)__ IJe i~~ $fl,~~vert~t.~y 1
,Y~~~~ ? prun~i•e lu ~?ay i
. to t!?c w~.~.•~ uf _____,~~c ~ ~ ~ .
~?ri~?,~~~~ ~~9~Th0.usarltLEiY~itlridred rif~~~n_d no/T00 ~wt.LAfGti, tc~~ril~~~r with ititcn•rt
i. thrn•un iwm dai~ at tl~~~ ratc u! 1cn ~n-rut, Ekt znnum ui~til i~~aturity~ Luils ~~rinci~w! aud inlcn:at I,ci„g pay~blr. iu lawfu! inonry uf
~ j ~hr l'nitrd ~tatr,: al '_'~~t-4 lii..c~ync 131vd., ~1lia~ui. Fl~xida, uc at such utli~ placc a~ lhc huldcrs hcrcuf may dc,.ignatc in writir?g.
Principal ~nd intcc~rt payable in inxtallmc~b as iulluw,~:
~
~ Forty-Five (~~+5.00) Dollars per month, begizning on the 15th d~y ~
of Junuary, 19?1, and continuin.g on the 15th d~r of each and evexy
month thereafter until paid in full. - . <
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~ Thi s note ma} be prt aid i~ whole or in ~
i P part after one ycac fcom the datc hereo[ upon payment of a penalty equivalent ~
~ to five percent of tho principal sum prepaid. ,
p~ ~:ch in~tallmei~t payi~irnt shall be credittd C~t on tlu interest due~ and the nmainder on princiE?al; and intere.~t al?ali there- ~
t~ upon.cri:e upon the principtl so ceedited.
Thr maken and cndo~e~ uf thia note turther agree to waive demand, notice of n~,rpayment aad protc.st, and in the event suit
.hali be be~ought for the coilection he~tof, or the aame has to be collected upon demand ot an attorney, to pay reasanable attorney's
fr~ fur making such collection.
~ ~ Defened payme~ts he~under shall bear inteteAt at the rate of ten percent pcr annum from maturity until paid. •
~ . This note- u secured by a mortgage~of even date hucwith and is to be construed and enforced accordin~ to the laws of t•
~tate of Flarida; upon default in the paymeot of principal and/or interest when due, the whole 6um af pcincipal and inter+e ~
rrrnaining unpaid shall, jt the o~tion of the holders. become immediately due and payaWe.
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Prepued by ~pnlet S Ten tt 40 Bi:ea Blvi. :Nia F +'~^i. ! i /~S~y
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and shall perform, compty with and abjde by each and evety the stipulations~ agreements. conditions and cove-
~ants of said pcomissory note and of this deed. then ihis deed anci the estate thereby created shall cease and be
null and void.
i 1. The Mort~a~or hereby covenants and a~rees:
(v To p~Y all and sie~ulu the principal aod inteces~ and otAer swRS o( aaney p~Yable ~y ~irtue ot said prom~ssay note u~d U~~s
decd. or eitAe?. proa~ptly oa tbe days respectire?y tAe sa~ee serer~lly secoses due.
(p1 To persit, co~sit a sntter ao ~raste and to ~aia~aia the ia~proreacats ~t all iiq~es ia a sta~e of ~ood ~epair and coad~iim, and to ~
do pr pcAit to pe done to aaid pre~ises ootAias that ~ill •Iter or chu~se the ase aod chuacter ot said {roperty or in any va7r impair ar
reakee tse ucunty d tAis mortssse. And ie c~se ot tAe refuaal. aealeet or iAabilitY af tse I/ortsasor to tepair aad mai~ta~n s~id proper-
ty. tke Mort~aSee say, ~t 6is ophoa. sake suc~ repairs or cause tAe saae to Ae ~ade, aad ad~aace asoaeys in thst bebaff.
tc) To pay •11 aed sia~lar Me q:es, assessoents, Iev~es, liabilities, snd obliptiaos of every natwe on s~id described property escA
aed everr wbea due and pay~Ale accordiu~ to Isr, Ae(ore they becoae deliaauea[. sed to delirer to tbe Mart~s~ee an or Dctae IbrcA
15tA of e~ca- reu taa ?tceipts tYidencins tbe p~Y~nt of all la~tullp ~qposed taaes (o~ tAe precedin~ uleMar year, to iademifr tAe
?tortaa~ee aooe Ais de~asd fa all tsaes. usessments aqd cAar~es tAat ~ar be ~ssssscd upon this ieortp~e on the indebtedaess s•-
cured 6e~eby~ sM Mid Ar the ~e~a~te, r~thout re~ard to any ta~ aeretofore enacted or Aereafter to be eaacted iraposinf psya~ent of s
[Ae .lole or ae7r wart tAeteot ~oe tAe Nort~uee.
td) To p~7r all aud s~os~l~r tAe eosts, char~es aed expeases. iaclYd~e~ la~ryers' fees and absuact costs re~sonably ineurced r+r aid at
any u~e by tAc Mortpsee eecause o( the f~ilure oa U+e p~rt of tde Mat~~~or to per(oti. co~ply .rith aod ~b~de by each and every ibe
stipulat~oas, asreeeeots, caed~tiats aod corer+aets of~sa~d prosisaory aote aod tbis deed, a eiiher, and every suc6'payisent sAall bear
~aterest tro~ date at the nte ot tea (IOL) pcr ceatu~ per annuw. -
(e) It is turMe~ co~ea~ated ~ed apeed br said p~mes Uwt in tAe event ot a auit beiai instituted to toreclose tAis aort~a~e~ tAe Ulort-
~a~ee sl~Il Se eetitkd to apply ~t aay ti~e peedin~ suc6 foreclosure snit to tAe court havie~ juriadictian eheteof ta? the appo~atoent
ot a receirsr ot all aud sisjwlu tbe sortissed property, and of all reets, iucases. profits. isfYli a11d ttrCpYts thl~lO/, fro~ fh~tsoe~er
swrce derired; aed tAe~e~yol~ it is Aerebr exptesslr coveeaated a~d a~reed ~at the Conrt sAall tath~itlr appoiai sucA receivtr ~~~A
tbe aswl oarers aed det~es of receirers ia lite cases; ~ad s~id aPpoiatmeat shall be sade by the cowt as a mstter ot ~trict riaht to
We ~lartsasee, aod ~ritiwut re(ereace to ~be ~deqwcy or inadequcy of tAe ~al~e of t4e property 6ercbq aartp~ed. or to the solvency
or insolre~ey of tbe Mortsa~ors a anr otber p~rty defeedast to sucA sui~. Tbe MottN~or herebr specifically w~a~ves Wc ri~bt to ob~ect
to the •rpaatae~t of a recei~er as. a(oresaid aad Aeresy eapressly conseots tAat sucb appointsent sAill be ssde as an adm~tted equ~ty
aed ~s a~atter ot absolnte ri~t W tAe I~Iort~a~ee aad tAat tbe sawe aqy Ae doae ritbout notice to tAe ?lort~asor,
(t) If [atclosure proceWia{s sYouW be iestituted a~ai,st tAe proyerty corered by tYia eonp~e uooa anr od~er {ien oc cl~iis vhetAer
alle~ed to be saperior or jwia to the liee ot this ~yasc. the Monsa~ee y7 at 6is ootioa isuedi~tety upon ~nstiW~~ae of sucA su~t
or dvius tYe peedeac~ thereot declaie lAis aat~aje and tbe indebtednesa saured, hereby due and payable (ath~~~h snd may at ~~s ~
optioa proceed [o faeclase tYis iortsa~e.
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(S1 71at t!e 1lottfa~ot ~ill keep all real and persoe~l ptooerty owr at ?ue~tter encusbered by tbe I~ea of this ~atsi~e i~?sured as may !
be re~ired lra~ ti~e to ti~e by tie Mat~a~ee y~inst loss Ay fue. ~riedsta~ and ot6er Aa:uds. uswlties ~nd cortten~eec~es (or sucA
periods aed for sot kas tbaw suc6 asounts as ~y Ae re~~~ea er w~ ~~~e~ a~d to aY proAptly whta due ~II prem~ums ta s~ch
~esYr~sce. 71e a~oa~ts d i~sruce reaYired br_ t?e Mort~asee slall se 16e ~im~us ~aw~nts (o~ wAicA said msurance shall be .rnuen
a~d it skall be u~c~beat oppe tlie yort~asa tu yioqy~ sne6 ~dditimal ~asiraqce u war be aectssary to meet and comply tullY r~th
•It co-iesura~ce req~ireaenta coeta~ned is ssid oolicies to We ead tAat tbe s~id Monsa~or is aot a co-~asYror thereundu.Insrrance
dall be ~rt~ttee Op ~ co~a~r or co~eies ~pro~ed a Aes~~nate~ br d~e Yart~a~ee aad ~11 plicles ano rena~ats thereoi sA~il se hetd
M d~e 4art~ee. Afl deta~led fesissrtiaws br Ue Mart~a~ar rbuh ue accepted br tAe Nortaasee and all ajreesents betseen Alonaa~or
ud Non~a~ee rcl~tms to isaYrance, ~o~ ezutiaa or Aereafter ~ade. seall be in ~nit~a~ aad s6~11 be ~ psrt of tA~s mortp~e a~reesen~
as trl{y as tAowM set tati ~erbs~i~ 6pei~ ~sd ~11 ~o~ero botl~ parties bereto aed tl~eir srccessors u~d usi~rts. No lien u
poe aey of
s~i/ ioliciea d iws+~ra~ee a Mcw ur retww or redrn ~e~i...~Yic~ aar se o.rsble oa ihe caacell•~~on a iers~a•aoa ~Aereof~ sh~ll
Ye ~~q to aier tYa~ We yalsa~ee. e:csot A~ ptootr t~do~u~eat a(fi:ed to srcA po1~tY ~d ~Oprored br Mortp~te. EacA policy of
u~srrwe~ ssall Ya~e atfise/ trs~cto a itawQ~rd Ne~ York Yortqjee Clanss ~iti~oYt Coetribrtioa. Mt111R ilI IOlf Ot losses ~dsr ~uch
oo~;cr o.r•sie ~o ~re ~an~.sse .s ~u iuaest pr ~yysu. W~is e~at ~~r or ~~s o( ~oeer becawe Nl~ele tAereunde~ We ~lort-
ta~ee ~Yall ?a~e tYe oOcio~ te tccei~e ui ~~Ir 1ie sa~e o~ uco~wt of 1ie ~Otedseu AerebY securcd, or co oenait ihe Ma~{aRor
to rae~~e ud ws it. ar ~~r oart d~eot. w~itbo~t titrchr ~~ivir.~ a~a~ria~ ur eqnitr. lieA. a n~bt w~der and by vutYe o( ihis
~art{~e. b evctt of lo~~ a~Tsicd da~qse to tLe ~ott~a~ed oro~erty d~t Mott{a{ot tM~ll
d~t 11atp~te a~d tLe MortN~ee w~y pke oo( o( loss ~f tYc sus ~s oW Mdt Nre ~wedute sopce thereof by Ta~l to
V~ ~o~tly by tbe Alotya~at. te ereet of (ac~ln.urc of
_ . , aoo~18$ PacEz$?
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