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Home My WebLink About1056 PROMISSORY NOTE ~ 4Z, 460.71 Miami, Florida Irlatrch 1. , ig~._ FOR VALUE RECEIVED the ~undersigned, jointly and severally, promise to PAY TO THE ORDER OF COD1~D1 HALPBRI~i The principat sum of ----1r'oR~r-11i10 ~DtJS1~ID Fot1R Htl~IDRt~ 3IXTY nd 71/~ 00 Doll rs 42 , 460 .71 ) together with the interest thereon from date at the rate of 4 percent per annum until maturity~ all payabie in lawful money of the United States of timerica~ as follows: , $500.00 per aaonDh, inclu8inq such interest until paid in full. Thia Noto ia not asafgnable aad i! hypothecated, ia ~ubject to the terms hereot. All payments shall apply first to accrued interest. and the remainde~. H any. to reduction of principai. If any instatlment of p~incipal or interest is not paid when due. or upo~ any default in the performance of any of the covenants o~ agreements ot this note. or of any instrumont now w hereaher evidencing or securing this note w the obligation represented he~eby. the whole indebtedness (including principal and interest) remaining unpaid. shall. at the option of the holde~. become immediatery due, payable and collectible. and while in default. this note and deferred interest shaN bear interest at the rate of four ~d9L1 perce~t per annum. Each maker and endorser severally waives demand. protest and notice of maturity. non-payment or protest and all requirements neces- sary to hold each of them liable as makers and endorsers. Each maker and endorser furthe~ ag?ees, jointly and seve.aly. to pay all costs of collection, includ'+ng reasw~able attor~ey tees in case the principal of this note or any payment on the principal or any interest thereon is not paid at the respective maturity thereof. or i~ case it becomes necessary to protect the security hereof. whether suit be brought or not DALS SUPPLY CORPOR~?TION ~ Payable at 8 i % r ' _ i..~ ~ . , . or such other place as shall be designated by the holder tt " (~n of this note in writing. and shall duly, promptly and fully perform, discharge, execute, effect, complete, comply w~th and abide by each and e~~ery the stipulations, agreemenls, condltions and covenants of said prom~ssory note and of this mortgage, then this mortgage and the estate hereby created shall cease and be null and void. • It ~s understood that eac6 ot the words, "note," "mortgagor" and "mortgagee" respectively and the pron- ouns referring thereto, whether in the singular or plural anywhere 1n thia mortgage. sh811 be singular )t one only and shall be plural jointly and severally, it more than one, and shall be masculine, feminine and/or neuter, wher- e~•er the coniext so implies or admits. And said Mortgagor for lumself and his heira, legal representatives, successore and assigns, hereby covCn- ant' aaa sgrees to and with said I?iortgagee, his legal representatives, successors and assigns: 1. To pay all and singular the principal and intereat and the various and sundry suma of money payable by virtue of said prorrussory note, and ihis n?ortgage, each and every, prompUy on the days respectively the same ~everally become due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of every nature and kind now on said described property, andlor that hereaiter may be imposed, auffered, placed, levied ' or assessed thereupon, andior that hereafter may be levied or assc=ssed upon this mortgage and!or the indebted- i ness secured hereby, each and e~~ery, ~hen due and payable according to law, before they become delinquent, ~ and brfore any interest attaches or any penalty is incurred; and in so far as any thereof is of record the same ; shall be pr~mpUy satisfied and discharged ot record and the oriRinal o[ficial dceun:ent (such as, tor instance, ~ ihe tax receipt or ihe satistaction paper officially endorsed or certifiedl shall be placed in the hands of said ~tortgagee within ten days next after payment; and in the event that any thereof is not so paid, satisfied and ; discharged, said 1ltortgagee may at any time pay the same or an~ part ihereo[ wiihout wai~~ng or affecting z any optian. lien, equity or nght under or b~ cirtue of this mortgage, and the full amount o! each and every ~ such payment shall be immediately due and payable and shall bear interest from the date thereol untit paid ~ at the rate ot ten per centurn per annum and together N1Lh such interest shall be sec~red by the lien of thie ~ mortgage. ' ~ 3. To place and continuously keep on the buildin~a now or hereafter aituate on said land Cre and windstorm 3 ~ full insurable value ~ ; x insurance ~n the usual standard policy forni, in a sum not less than ~ in such com- ~ pany or comprn'ses as may be approved b~ said 1?fort~a~ce: and all such insurance policies on any of said build- - ~ ings, a1y inierest therein or part thereof, in the a~~regate sum a[oresaid or in excess thereof, shall contain the ? usual standard mort~agee clause makinR the luss ur.der said policie~, each and every, payable to said 1liortga- ~ gee as hes interest may appear, and each a::d e~~e: y surh po6cy 9ha11 be promptly deli~~ered to and held by said ; 1ltortgagee: and, noi less than ten days in ad~•an~e of the expiration of each policy, to deliver to srtid rtortRa~ee ~ a rene~val thereof, to~ether with a receipt f~r the premium ~f qu~h renewal; and there shall be no such insur- ~ ance placed on any of Qafd buildinRs, any interest therein or part thereof, unles~ in the form and with the loss ; ~ pa~-able t~a atoresaid; and in the e~'ent any svm of money becomes payable under such policy or pol"scies said ~ ~ Mort~;a~ee shall ha~•e the oplion to recei~•e and apply the sxme on account of the indebtedness secured hereby or to permit sa;d ;iortRaRor to recei~•e and uce it or Any part ihereot for other purposes without thereby waiving ~ or impairin~ any equity, lien or riRht under ~~r by ~•irtue of this mortgage; and in the event said Mortgagor shall - for an~ rra?soa fail to keep the said pr?mie~s sn in~ur~d, or fail to dellver promptly any of said policies of ~ insurance to sa~d ~tnrt~aRc•e, or fail promptly to p1,y fully any premium therefor, or in any respect tail to per- form, discharRe, exc~ute, effect, complete, comply w~th and abide by thia covenan~ or any part hereof, said ~iortg- ' flReP may place and pay (or such inaurance or any part thereof without waiving or a[fectinq any option, lien, ~ equity or riRht under or by vlrtue of this mort~age, and the full amount of each and every auch payment shall be immediately due and pat•able wnd shaU bear intPrest fmm the date thereof untfl paid at tl~e rate ot ten per " centum per annum and together with such interest ahall be eecured Dy the Uen ot thls mortgaRe. ~ 4. To permlt, commlt or aufter no waste, fmpairment or deterioratlon of esld property or any part thereof. 6. To pay all and ainRular the co~ta, chargea and expenxs, including reasonable lawyer's fee~ and cwt of aDatracta of title, fncurred or pald at nny tlme by aald Mortgngee because snd!or in Lhe event of the faDurs ~ on the part ot the sald Mortgagor to duly, promptly and [ully peKorm, dlscharge, execute, effect. complete, - romply w-ith and abtde by each and every the stlpulaUons, agreementa, conditions and covenants of naid promis- sory note, and thia mortgage, any or elther, and aald costs, charges and e~cpenses, each and every, ahall be im- ~ mediately due and payable, whether or not ihere be notlce, demand, attempt to collect or sult pending: and the - full amount ot each and every such pevment ahall bear fntereat from the date thereof untU pnld at the nte of ten per centum per annum; and all eatd cosb, charqei and ezpense~ ~o Incurred or pai4, together with sucb in- - tere~t, shall be ~ecured by the Ilea of thl~ mortgage. ~ ~~~~191 1054 ,"'F ~;n . . . . . . ,