HomeMy WebLinkAbout2107 . ' . ~
PROVIDED. Al.MA1fS. twat it tft Mon~a~a~t aMall p~Y w~a us I~ioryasee the ~adeatedaess ev~de~cad by a
ce~tua proiaissoty ~wte o( d~d tws tolloxi~ iw ~rotds a~d C~~rea is • troe copY to-M~~t:
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a• ~~::uriF~al .,.a, of - " _ ' - - Y`:, ;c~'.~.` ;T 1V2 ~1~L1.:1K.~, la~,a-il.r~ wili~ uilrr.•~t
t~~rr..:?•fr~u:`,iatc :.c ilu~rat~- ut t.•n FH-r: c:,t. ~~cr annum unti! n?atucity, tx?i}e p:inciEwl yud intcrest 1n:i:b j?ayaLic ia 1:?wlul mui~~•~~ uf
1f1~' ~ IIIICd `t~t~~~ at lii.caynr tii~d.. \liaini. Fiorid.a, or at ~uch ~~l,cr pl~ce aa t1~c huldcta'hcnuf may d~ibt~atc in ~.~r~ii:i~. -
i'rin: i~~sl anJ intcr.•:t pa~ ~Llr in iu•t:~lim~nt~: :u f~,llow;: . (
.'a ~ ..i: :G~ _~:~:c:=?t~' ~ -1 Vv~ ..O~lv.Y'S ~.~?i ~~"i~ :~@~1'.1TiiA; OTl t; 2 i jttl i
~i:.t' .?i 1'.c..f'`Cr~~ ij?l~ CC~tiSL:~~„ OA ~:.Z ijv: G:y ~I 8: CL1 ~:.:d every ~
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Wo~:.~ areu_'~er _I ~~ic in ;u=~. ,
rr.y~ AJiZ II:3\' bt ~:epaid in W~ho~~ or in part after one year from the daie h~reof upon pay:nent of a pen~lty equivalant
fi~~e per:cnt of tlle principal suai prepaid.
l~::~:li iu=t.?{lia~~nt ~wy~ucnt ~l~a11 Lr crcditrd first un the inte~~st due, and tne n~naindrr on princi~wl; and intrn•t ahall i1~rn•-
upun ~•~•s..~• upu:i th~~ princi~?:wl ,a cr~~ditcd.
T}~c u~anrr. :?ud rndorr•n uf tl:i~~ ~wt~c furthr.r a~~*rcr to M•aive demand, notice of nou-payment and protcst, and in the tvent wil
.hall l~r Lr.~~trt~t !or tlu~ cullrciion t~crcuf, ot the ~a~nc ha.< 1o be collected upon demand of ~ attorney, lo pay n•.a.:onablr attorne~•'~
i~•~•- !ur :c?akit~~ .url~ culicctiun. . -
llrfrrrrd pa~•mcnt~ hcreunder ::liati bear iniere;t ai thr rate o[ tCn perer.nt per annum [rum maturity until paid. ~
7'4?i: notr i: :e~uced by a mortg.~e of even dat~ herewith and is to he con;~ued and enforcad according to the laws of th
~3atr of londa; upon dcfault in the pa~•ment of principal and/or interest when due. the whole sum af pn cipal and interest
E r~•auir.ing unpaid :ha14, ai the option of the hold~rs, become immediately dut ajd_ ~Ca~bl~
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!'-r~rrd b}• ~p~cier & Tendrich, Atlorncys - ?~40 Biscayne Slvd., !liiam4 ~ -
and shall perfad?. comPly wit6 and abjde by eac6 aad everY the stipnlations. ssreements, conditi~c and covo-
nants of cud praaiscory nou sad of this deed. thea thic deed aad the estate tbcreby created shali cease and be
null and void. '
1. T6~Mortsa~or hereby covenants and a~rees: •
(v To p~11 ~ed siaWlar t~e priacipl aei i~tereis sod otba su~s d~ooer P~ribls by virt~ee d uid pra~issory aotc and this
dacd. er eitYet. ora.nuf o. +~e dars re•necu.eb ~ue sa~e serenUr 6esa~es d~e.
To *ee~it, carit or srftar ~o ~aste asd to ~aiouin .tie ia~ro~e~s~u ~t all ti~e~ iu a stau d ~ood repau a~d co~ditio~, asd w
' do pr ~ee~it to Ye doee w s~id pre~iaea wt?ut t6st ~ill alta or cl~a~e ~he we a~d ciaruter d said Oro~e~tY a i~ sel~ ~a7 ~rMu a
k rute~ rie aausitq d tAis wo~tMi~- Ae/ ie esse d thc ret~al. eetleet ar 's~bility d 14 Yort~a~e~ w repair ud duuia s~id ~oper~
tY. tbe Yartpyee s~7. at Yis optia~. rts s~eh reMirs a c~we tie s~e to be Mie. afd lirYC! e0olr~ O ti~t MYaII.
~ (c) To pr ~Il ud sie~l~r tie tues. weu~ents. le.ies. liabilitie~. aai odiiptioas d eray aatnre ai said described prooe~t7 esdi
aod ever~r ~r6e~ dne a~d paYable accadia~ w lav, be(ae tYer beca~e deli~e~t. n/ w deli~a w~e lio~tia~ee oe or be(ore 11ucY
~ 15tM e[ eac! pe~r tu reuiyts erideacin~ rie y~l~at ot all ta.rfnlb ~ ta:ea tor.t6e oreceaia~ calaad~r lro+r, w iade~eity t6c
~ yort~ssee qan his deaud ter all tues. assesseeeu a~d cLa+fea tl~t k asseased ~ tYu ~orWSe aw rie i~dcbt~dseu s•-
~ cured Yaebp. ad Mi/ bIr 16e ~ort~yee. ~riWait reprA to n7 la~r ieretoters eracted a I~ereafter to ie eucud iapsini P~Y~ei oi
~ the arYole a ayr ~rt tYered u~o~ tYe MorWSee. :
(d) To par aq nd ~i~l~r tbe cosu. ciu~e~ nd e:peves. inela/ie~ L~ryas' tees awd abstr~et costs ceasonablr i~c~tred ar p~id at
anY u~e br.the MarWSee becawe ot tbe tail~re a. the p~r1 ot tk Yorts~ior W perfor~. co~P17 rilh aea ~bide by ead awd e~ery tk
st~pulatiau. yree~cnu. caaditioas a~d coreweu d sa;d prooissary nwe a~d ttiis ded. a eit~er, aod eva~r s~e6'M~se~~ s6at1 beu
interest fra~ dite ~t tie rau ot tea (10'L) Pa cent~ ou aneu~.
(e) It is frrdia cov~asted ~ad asred bp said P~*ties tl~at u tMe eveet o[ a scut beie~ iastiwted to toreclose This ~yase. ebe Mart-
~ ~ee shatl bs eatitle~ to applr at a~r ti~e ~eadia~ snoh foreclosars srit to t?e cwrt i~rie~ j~riadicum tMaeot (a d~e sppi~t~e~~
~ ot . race;.n d atl a.d siap~lar ~ke .eryaied prope*~r. aed ot sQ reau. iaco~e~. ~rof'iu. uwss ud re~eares tl~ereof. 60~ sh~uoere~
sauce derived: ~00 tMua~p it is bu~f eapcesslr eorwule0 ud yreed ~t t!e Cwrt ~Yall fatlvitY a/oout s~Y recei~er +it6
~ the wuRl p~ers a~d dnties d reeeivas ie like eues: wd said spaet~eat aiall be eaae ?y 1Ae cmrt o s~atta d strict ri~?t to
tbe Mort~a~te. ~sd ~ririoYt re[ere~ee to t6e ade~wcy or ioadeaac7 ~~••1+~ d~ Prov~~r Merebf soc~ased. a to the solreacy
ar iesol~eac~r d tAc Iloct~a~ars er aa7r o~6er pMf defeadaat to srcY suit. T6e Mart{asor Yetsb~•apetiticslip w~ives We ri~bt w ob~ect
to tAe ~pyoiat~eat d a receiver as doresaid ~ad 6erobf eaoreasb coe~esu itist soc6 ayoout~eat sY~tl be ~de ~s ae sd~~tted eQu~tr .
a~ ~s ~ ~tter ot absoldte riikt b t6e liartpiee rad tY~t tYe aaae ~sr se daoe ~iboet ~otice W t6e Yortaa~a.
(f) If [areclw~re prace~dirp sbo~ld be insut~tod apiast tre ~rooaqr corusd bp I~i~ ~wys~e u~w aisr oWer lieo a cla~s .rhether
~ alk~ed w be sroeriar ar jr~iw w t6e lies d t6is ~ansa~e. ~e ~«~s+a~ ••r •e ~:s ooe,o. ~..eeukir •ooa ~n.ut~~o. or s~ s~~~
or durin~ t6e re~deae~ tYereof declsrc tfis ~o~rt~ye u/ tYe iadtbtedscaa seo~red ~ereby dre ..e rsr•?~e ro~~r.~sr .ea ..r a~ its
~ ootioa poceed w torecla~e this ~octiaie.
~ (v Tlyt d~e IIKy~ar .ilt t~e~ a~l rul ad ru~wl pro~ertr wor ar Maea[tar e~c~ered br t~e liee o( sYu ~ort~aac uswed u~+Y
~ be re~r~d {ro~ ti~e 1o tir bp 1re yort~aNe s~siest Iws 6p fire. s~adrtor~ ~ed otYer Y~zards. uswlt?es utd coetmaeacies tor sech
~ oer~~ds NO [or eot les~ 1~u s~Y a~oYSt~ as ~7 ?e raqnued by the Yoryyee sM w ay Oro~Vtlr vbcn dre ~11 prc~in~s (or srcb
nsrrnce. Tre ~ts d ir~rwoe re~irN h~ ~Ye Mortjyee skall be tYe ~~M a~orta tor rb~ci aa~d iasrruce sYstl be vrluea
•od it sY~ll Ye i~c~t ~ tYe Yort~s~ar w~sinui~ wch addiuoaal i~srrace as ~lr re .~«.~.~r w.~a a.a ~o.nir r~~~y .~u
sll co-iwrrMCe reqnirweata eoat~i~ ia ui0 oolicies w tie ead tMat tre said Yortsa~or is oot a co-i~srrae tLerewder.laaurance
~ s~all bc vritw by ~ c~r er c~~ies aMtor~ or Oesip~te~ b~ me Yorta~ps a~d.sll pliciss ud r~s~ls d~ereo( sball be ~cld
~ bY the Moryasee. All fetaif~! Aeai~rtia~s b~~i~i~ ~rYisY ~re ac.ce/tM b rs I/ayaaee ud sll yrse~esu ~ctree~ Mort~a~o~
~ ~wd YorWtec rels~as to iy~ruce, eei eaistiy or rsrw[ter ~de. ~aU bs u sriti~ s+d d~ll re ~ hn a( t~is sorWK Kree~t
~ ~ tdilr ~s tbo~ set (astY reA~tr rveia aM dull ~rera bwY prties wre~a Mi ~feu s~cccssors dd as~ips. !io lise ~poe ~nY o~
said plioie~ d ms~rr~ce ~r ~s ~ re/~ ar rsenrr ~e~i~ vMio~ ~r tie Mrsbl~ o~ t6e ca~cetlatia~ or ter~isaiio~ tUcrcot, sA~II
~ be <irq b ot6et tlu~ tMe YonHM~, e+u/~ bf~ P~~ sMors~at JfiteO b srcM /o[~cr aa/ a~prweA rlr Yort{a{et. EacA puLcy d
iwrn~ot ~li Ya~c ~tfiad tlwrsb ~ fts~d~r~ Ms~ Y~rk Yxt/~yee Clsrse ~~tYa~t CMtrirnua~. w~k~ ~11 bas or~ssc~ wdcr sYCb
t~ pticr Mr~b1e w d~e Mory~.e u ~u ~etsrest ~T q/s~r. L d~e sw~t ~r ~r ~rss d~sr bsco~s p1~ik tMers~dsr c4e ~lo?t-
p~e a~all lyre ~Ls Mu~e to reee~ve u/ s~lr tYe ~re o~ ae~ort d tMs ~/~M~Mssa Aerd?Y sscurs~. a~o yetiit the Naci~E~
to ~sce~.e aM we it. ar ~sr Nn 1Ye~sd. ~itYort IYere?y ~~~~n~{ ~r ~Maia~ a~p s~r~tr. l~a. or n/~t wder ui sY ~uire o1 cA~s
ren~ye. M eveat d lws ~r /Mr~ical ~a~ye W 1`s ~/t~ptr we Yotyy~r ~11 ~~ve ~~e1s~?c ~vtue U~crco( by m~~l iu
IYe Wrt~yre sad U~c 1/ort~a~ee rr Mke orod d loss ~f tYe ~s~c n ~ot ~e ~ro~Otly br tre Mort~atot- la erent d tac~ir,.wt of
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