HomeMy WebLinkAbout1630 PRUViDEn, ALMIJ~YS, tbal if the A1a?~a~a shall pay unto the ~1urt~a~ee the ie~debtedness ev~denced by a
ce~ta~e p~aa~ssory cwte o( wh~cA the (ollowin~ in wotds aad fi~utes is a uue capy to-w~1-
. ~~~N~ ys 'J~its
s 3~..1Z~5. an M~. ~;a. January 9 _ ~9_~. ` ;
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thereow fi~ow~ d~te at tl~e ate o[ tew penxAt, per amwai until ~aquiq. both peineipd and interat beiu6 pn?abk in law(u! maner oI
~ the U~itd Stata at 2244 Bieayne Bhrd., Mi~au. Flo~id~, ot ~t wch otl~ pt~oe as the holden ha~eot wp de~n~te ia rrritin6.
Priseipd a~ inta~at p~rabk ip ia~talla~ab a~ tdbMn:
Sixty (860.00) Dollare per month, for sixty (60) coasecutive months, on ~
the 15th d~r of each and every month, beginning on the 15th day of '
March, 19?1, and continuing until the 15th day oY Match, 1976, at
ahich time the balance shall become due and payab~e.
This note maq be pcepaid in rvhofe a ia part dter one yeu trom t6e date heceof upon paya~e~t o~ a penalty aqnivalent `
co five petcent ot the principal sua~ prepsid.
Each insWla~eet paynieet ~hatl be credited C~est oe the iaterat due, and tbe ecrosinda on principal: and ieterest ~IWI thae-
upon eeaee upo~ the principd so eredited. '
?he maken and endasers of thia note fue~ther a6e~ee to Mraire demand, notic~ of inent and pt~otat, aad in the arenl wit
~hall be brou~ht for the oolketio~~ ha~cof, o~ tl~e ~aane haa to be odkcted upoa demand~ attoener, to pap ~easonsbk at ls
(ee. tor a~akins we6 cdkctan. ~
~ Dc(enrd papmenb ha+e~nder shall bear iattreit at the rate of ten peer~nt per annum from mat+uitp unW ~ ' ~
1 This note ~ rewred~b~r a w~ort~e~ot e~r~ d~te here~+it!?aua» to be ooe~wued and ~fa~oed aeoo~d~i~ to the Inns oE
'~State of Flaridr, ~pos ~efwh in tbep~r~ t oE peincipal ~ilor ietaat wha~ due, the ~rhde wia~ ot pnneipd swi inte~eat ,
eer~inin~ r~paia ~baN. at d~e optiow al the bd~ea. beeo~~e ' ioe ani pap~ble. }
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hci~re'~ bq S~iekr ~ T~sirier. Attawe~ - ~?{0 diwp~s ~l.. Mi~wi. Flaeii~ • :
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and shall perform. comply with and ab;de by each and every the stiputations, agreements, conditions and cove-
nants of said promissory note and of this deed, then this deed and the estate thereby created shall cease and be
null and void. ~
1. The Mortgagor hereby covenants and a~sq~: -y,,;~tio
(a) To pay all sod sinaulu tbe prineipal aad iiteie~l'~a/'otfiet suloi of~~iMc7 pl~,ble, by ~irtue of aaid promissory note and tAis
deed. a eitber. prooptly m the daYs tespeetivelY tLe sMie sevetall~ betoses Bne:R ,
(b) To pe~it, coosit ar autfer eo waste a~d to maintain the it~toieosMl~ st all {ises in a state'of ~ood tepair and coaditioo, and to
do pr per~it to se da?e to said pteaises aothios U?at ~rill slta or e~upae jhe+tse sad chuacter of said p[operty or in any ray impair at
reatea tbt securitY ot t6is ewrt~a~e. And in c~se ot the retusal, ee~leet `ot i0ibi11ty of the Mortsa~or to tepair :od maintaia ssid ptoper-
ty, ~he Mortpsee wy, st Sis optim, auke auch reQsirs or cause the saw~ w 4{ ~Ae.•sud ~drlnce~~oaera in tlut behalf.
; (c) To p~y all and sin~ulu the taaes, assessmeats, levies, li~bilities~ aad obliptims o( every aature on said desctibed property esch
i and every ~hen due sod p~Yable accacdiat to ta~, be(ore they 6ecomt dtl}aquent. aod to delire~ to t6e Nortsasee on or Ae(ore 6larch
E IStA ot eacD year ta: receipts evideecint tAe paymest qt s{1'1R[ully isposed ta:es [or.the pteeedieu c~leadar year: to indemaify the
F 1lortsa~ee upon his demaad (or all tazes, useasments and cAar~es that m~r Ee assessed upou this mort~a~e on the indebtedoess
j cured hereby, aad ~+aid br ~he m~~a~ee, sithout re6ard to aay la~r heretofae enactcd or Aerea(ter to be eeacted impoain~ paysent of
j tAe whole at any ~rt thereot upao the Monqsce.
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~ (d) To pay all aad sinsulu the coata, char~es and eapeases. includias la~yers' tees and abstract costs reasonably incuned cx paid at
any time by the ?latsa~ee because ot the failute on the part ot tAe Alort~asot to perforo. eoaply rith aad ab~de by esch and every the
~ st~pulat~ons. a~retoents, caed~tions and covenaots o[ s~id promissory note and this deed. ot eit6er, and every suc6'psyment shall bear
~nterest Irm date at Ne nte ot tea UO'L) per ccntum per annum.
~ (el 11 is furtpet co~eoanted aod ~trted br s~id puties th~t in t6e evenl ot a suit beins iastituted to (oreclose this mortp~e, the Mort-
~s~ee s6a11 be eatitkd to spplr st aoy time peadin~ such foroclosure suit to the court 6avin~ jurisdiction thereot for the sppo~nimen[
~ of a receiver of all and ai~ulu tbe sort~a~ed propeny, and o( all rents. itxases. profits. issuea and revenues thercot, from ~rAatsoever
source deri~ed: and tbereupoa it is hereby e:pressly coreoanted and a~reed ~h~t the Court s6a11 forthr~~b appoint such recei~er ~~th
a the wwl po~rers and duties o! receivecs in like cucs; and said appoiatment shall be made by the coutt ss s aatter of strict rieAt to
~ tbe ?lort~a~ee, aad ~ithout refereoce to tde adequacy or iaadeqnacy of the ~alue o( the ptoperty 6erebr moctp~ed, or~o t6e solvency
or insol~eacy of A~e Mort~a~ots or any ot6et psrty detendant to such suit. TLe Mortsssor herebr specdicallY vaives the ri~ht to ob~ect
~ to the aopoisimeat ot a receirer u atoresaid aad hereby e:pressly conseats tbat such sppointment shall be sade as an admit[ed eQu?ty s
Y and as a~stter of abaolute ri{6t W the Mort~a~ce aad that the same aaY be doee rithout notice to the INort~~~or. ~
~ If foteclosure p~oceediass should be instituted ss~inst We ptopetty corered by this .ortp~e upon any other licn or claim r*hether
~ slle~ed to be superior a~ junior to the liea o( this aortsa~e. We Morts~~ee wy at Dis optioa imsediately upoe iastituuon ot such su~t
~ or dnrins t6e pendeecr t6ereof declare tAis oortpse and tAe indebtedness secured hereby due snd pay~ble torthr~eh ae?d may st ~es
? optioa prxeed to laeclose tAis oortsase.
~ (v '[bat t~e Morepsar ~ill teep ~11 real tad pe~sonal property eow ar 6eteattet encumbered by the t~en ot this ioort~a~e ~nsured as may
' be required fros time to tiee by the Mort~a~ee ajainst Iws by tire, r~ndstoni aad otl~er hasards, c~swltiea and contin~eecies tw such
penods and fa not less thaa such aooants as ~ay be required br the MortN~~~ ~o WY O~~Vt1y when due all prem~ums for such
~ ~nsurance. The aawaets of iosuru~ce required.by t6e Mort~~~ee s6a11 be the siaiouw asounts tot vh~ch ssid ~asur~nce shall be ~rntten
~ aod it shall be YICII~CA[ Yp011 fbt MOft~tjQ l0 MWtliO such additionst imuruece ss wy be aecessary to meet and comply tully .vith
~ all co-insuranc~ requireeenta eont~iaeA ie said policies to the eod tDat tbe said-?lortp~a is not s co-~nsuror thereunaer.lnsurance
~ sball be vrittu by.~ co~psny or ca~aoies a~o~ed o~ desisnated by the Ibrt~aaee aad ~II policies and reee~ata thereof sh~ll be held
~ A~r the Martp~ee. All detailed desivutioes by t6e itottiator ahicA art accepted by tbe Nort~a~ee aad all a{reements bet.rcen Mwt~a~or
~ aod ~fort~a~ee ~el~tia~ to iaa~r~nce. so~i esisuns or 6erutter ~ade. sball be in rritins u~d s6st1 be ~ psrt o( this matp~e asreemeat
~ u fnlly as Wo~yi? set fortb ~erbati~ 6ereia aed shsll ~orern boW p~nies hereto ~nd tAeir successors ~nd ~ssi~ns. No lien upon any of
~ s~id oolicies o( issuraace or ~aa sal~ re[und a~ reuua presiu~ ~rAic6 iaar be arabls oa the caacellation a tere~nauon thertof, shall
~ be ~i~ts to ot4er ti~o tl~e Mat~atee. e:eept br proper endorseaeat atfised w snch policy aod spprored py Mortqsea Each pol~cy of
~ iaswuu sh~ll bsve atfi:ed t4ereto s Stasdard NeM Yat Mortpsee Cl~we ~i~boYt Coetributioa, nNkin~ ~II loss or losses under ~uch
~ oolicr a»bte to tbe Ilort~asee as its iotaest wy appeu. !e t6e e~eet any s~ ot auws ot n~ooer becoerc ayaElt tAereundet the ~brt-
~ p~ee abll h~~e ~6e optioe to receire aod ~yPly tl~e sa~e oe accou~t of tDe indsbtedness Aeteby secured. or to perm~t the ~Ior<<aRor ~
~ to recei~e aed Yae it, a snY Put thcreof. ~itbour Wercbr ~raivias or ewOsirin~ .er ~~~~r. lien. or ri~ht under and by vusue of th~~
~ ~ort~sp. U erent of loss or obrsical da~ase to tAe wort~a~ed propertr 1be Mottpio~ sh~H ~ire imaed~~tc nodce thereof by Ra~l [o
tbe Ilort~~~ee ~nd tht Mortp~ee ~ay mke proo( ot loss it the s~me ~s na sade prosptly.by the ?lort~a~a. In erent o( fae~ln.ure of
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