HomeMy WebLinkAbout1085 PROVIDEt~, AI.N'AYS, that if the \lortgagor shall pa~• untn the ~k~rtgagec the indebtedne.s r~•~J~nc~d hv a
cerla~n pnxn~ssury nute ~~f w~h~ch the following in wurds and figur~s ~c a true cupy to-Mi~~
~dyFt~L
=6675.OQ _ Miami, Ftorida Merch 20 71
F()R VALlIE RECEIVEp I p~omi.e to pa
to the ord~r ot SFPHIrIE R. ~THBART S STFF rio 100
th priocipal wm of _ iX ThOU38Rd $
X
nc~re~,Seventy-Five eQC~ 1)OI.LARS, togethet with interest
th n from date at the ate o( ten percent, pe~ annum until maturity, both principal and intereat bein6 payable in law(ul money of
the United ~tatea a1 22~ Biscayoe Blvd.~ Miami, Florida, or at euch othe~ pl~ce as the hddera heteof may deMgnate in writin6.
Principal and interrat payaWe in installments as iollow~:
Ninety ($90.00) Dollars per month, for sixty (60) consecutive months,
on the 15th day of each and every month, begfnning on the ISth day of
May, 1971, and continuing until the ISth day of May, 1976, et which
time the balance shall become due and payable.
This note may be prepaid in whole or in put after one year from the date hereof upon payment of a penalty equivalent
to five petcent of the principal sum prep~id.
Each in~tallment payment ahall be ceedited firat on the interest due. and the t+emainder on principal; and intereat ahall there-
upon cessr upon the pnncipal ~o ercdited.
The make~ and endorsers of thie aote further agree to waive demind. notice oi non•payment and proteat, and in the event suit
liall be brought [o~ the collection he~f, or the aame has to be collected upon demand o( an attomey. to pay reasonabk attornhr i
~er~ for making such collection.
Defcned payments hereundcr ehalt beu interest at the nte of ten percent per tnnum fram maturity unti) paid. '
` 7'hie note is ~ec~rrd by a nwrt~ge~of even d~te herewith and ia to be construed and enfonxd accordina to the laws oi
State of Florida; upon default in thepa
yment ot principa{ andlo~ intenet ~rhen due~ the whde eum of principal and in
remainin~ unpaid ~ha11, at the optia~ of the holden, become immediately due an~ payable.
~ ~ (SEAL)
PteWrcd ~r Sp~ekr & Tendrieh. Altant~n - 2240 Bi~tarne 81~d.. Minmi, Florida . ~~~L~
and shall perform, comply w~th and abide by each and even• the stipulations, agreements, conditions and cove-
nants ot said promissar~~ note and of this deed, then this deed and the estate thereby created shatt cease and be
null and ~•oid. -
1. The Nortgagor hereby covenants and agrees: '
lal To pay sll and smsuiar the ptmc~pal and interest and other sums o[ money payable by v~r~ue of sa~d prum?s~ory nute and th~s
deed, or t~ther, p~wnptly on the days respec+~vely the same severally hrcumes due.
(b) To permn, cortitn~t or suffe~ no ~raste and to mainra~n the ~mprovemenis at all times ~n a cUte of go~ repa~r and cond~t~un, and to
do or permrt to be done to sa~d prem~ses noth~n6 that r~11 aiter or chanRe the use and character o( sa~d proporty ur ~n any way ~mpa~r or
~reaken tlu se:unty of th~s mortga6e. And m case of thr refusal, neglect or inab~l~ty of the Alortgagor to repa~r and mamta~n sa~d proper. ;
t~•, the Mor~pEee may, at h~s opl~on, make such repa~rs or caucc the same to be made, and advance moneys m that behalf.
Ic) To pay ali and s~n6ular the taaes, assessmertts, l~vies, liab~l~ties, and obliaat~ons ot every naWre on sa~d descnbed property ea~h
and every shen due and payable accord~ng to la~, betexe they becortec delinqu~..t, aod to delevcr to the A1ort~agec on or before \IucA
15tA of esch year tax receiats evidenc~ng thc payment all lawfully imposed taxes for [he preced~n6 catenJar ycar, to ~nd~mnef~ thc
Abrtaa~ee upon his demand for ~U ta~es, a+srvcmentc arni char6es that may be assessed upim th~s mortgage on tha mdeCtedrtccs
cured hereby, and pa~d by the mortga~ee, x~thout rcgard ro am~ lay Aercto(ore enacted or hercafter to bc enacted ~mpos~ng ~ayment o:
the ~hole or any ~art thereo( upoo thc ~lfortR~~ec.
(dl To pay a!1 and sinEular the costs, char~es and e~~xnseti, ~nclud~ng la~ytrs' fees and abstraet custs reasonably ~ncurred ~.r paid at
any t~me Ay thr \Ior~gaEee becaust ut the failure on ~h~ pan ot thr ~lortgagor tu prrfurm, comply u~th anJ ab~de by each and c~ery the
shputetux~s, a6reem~nts, cor?d~tions and cncen~nic of ca~d prom~ssur} note and this deed, or uther, and every s~ch payment sh~l! t~csr
~ntcrcst from dat~ ~t thc rate o( tcn 110"0) pcr c~mum pc~ annum.
tel (t ~s furthet co~'ena~~ed and agreed by said patt~es that :n thc r~cnt of a.wt brina ~ost~tuted to (arclo~c th~s m~xtgegc, the ~1.K~-
~a~te shall be ent~Utd to apply at any time pend~ng ~uch fureclosurc ~urt to [he cuurt havina ~unsd~ct~on ihercu( fix thr app~.~mmrre
of a recci~er o( all and sm`ular the mortgagcd property, and of aU rents, ~ncomes, ptof~ts, ~ssues and re~enues thereof, from what.oc~cr
souret denred: and thereupon it ~s hereb~ expressly covenanted and agrted lhat the C~wrt shall fcuthw~th sppo~nt .uch rccei~~er ~~th
tht usual powers and dupes of rere~~crs :n I~ke caua: and sa~d appo~ntment shell be madc by the court as a matter o( .tnct r~~ht t.~
ihe Stcxtaa~ee, and r~thout refcrcnce t~, thc adcyua•q ur ~nadtqwcy of tAe ~atuc of the propcrrY hcreby m~a~6aEtd, ix tu thc snlvcncy
or insohency o( ehe ~tort6aaas ~x any othcr partp d~lrndant to .uch .uit. The \lurtgagor hercby spec~6cally wa~vrs tAc nght ~o ob~ec~
~o the appo~ntment o( a rece~ver a. a~~xesa~J and hrreby rapre~sly ~a~n~ent~ that such appointment ~hall be made •n ,~dm~tted ryu~t~
and as a matter o( ab~oiute n6ht to thc Ncxtgagee and that the .am~ maY b~ dorte u~thvut not~ce tn the ~Iur~aagor.
(f (oreclotiute pr~xeedm6s should be ~nst~tutcd aga~nst thc property curercd by th~s muttgaae upon any othrr lien or ~la~m ahcthcr
alle~ed to be ~upenor or ~un~or to the Len o( th~s murtgasc, the S1~rtt`agee may at h~s opt~on ~mmcdirtcly upun ~n.tiwtiun ot .uch .u~t
or durm6 the pendency thereof declar~ !h~s mrxtgagr anJ the indehtcdness secwed hcrrby due and payablr t,.rthwuh ~nd ms~ at
optiun pro,ccJ tu furcclose th~. mottg~sc.
Itl Tna~ tAe Mot:p~ot yt11 keep a1) rea! and pectional property nor cK herea(ter encumbered hy the lien o( th~~ m„rtKe~c in.ureJ me>
bt reqwrtd fran amc to ume by the NortEasee aga~n.t loss ~y fuc. °.ind.~~am and othrr haaards, ca+ual~~c. •nd .on~~ngen~oc~ [~~r wch i
penod~ and tor not less than vuch amounts as ms> be rcquutd by thr ltuttsa{ee enJ Iu paY prompHy when Jur ail prcm~um~ tur suah
in~uiance. Tbe smounts of inswin,e ~cquired by !hc :'lurtgaRce .hall be thr min~mum amuunt. (ur wh~.h ~~~d ~n.u~ancc .ha11 hr rr~ttrn
and ri sh~I1 be ~ncuenbent upon the ~lortgagut tu ma~nta~n ~uch add~twnal ~n~ur~nce rti may be ncc~.vr~ t~. mce~ anJ .ompl~ tul{> ~ith
all co-~n~urance requ~remenl~ cont~ined in +aiJ pul~~se~ ro[he enJ thst Me .ra~d \fntt~a~.x n<.t ~~o_~n~uror ~ArrcunJcv.jn.urenae
sAall bt rntten Ay a coeepany w cumpanics ~ppro~ed or de.~~natcd by thc N«rtg~get and •11 pol~c~cc and rentw~l. ~hrrruf .hetl hc hc:d
Dy the Mcxtp6oe. A11 deq~led desi6n~~iun. ey ~nr N~~r16aKnr wh~ch are a~.cpted by thc ~turt6~Rce ~nd al1 asreem,-nt. ne~+ecn \I„n~aFo~
and Mort~a{ee re.ahnt to insurancc, nr~r ~a~~t~ns w hcrcaRrr m~dc, ~h.~) he ~n rnt~ng anJ ~hill h~ ~ ;
p~r~ u( tA~. m~rrt~~~c ~ertcmrnt
ss (ully aa Ihou~lf sN forth vetbat~m hetc~n and shall sovcrn buth parhe. hereto •nd Iht~r wcie+~nr? •nd a~yiRn.. No I~.n up~~n art~
sa~d pnl~c~ea o1 ~nsur.,nct or upon any refund .~r return prtm~um rh~ch may b~ payablo i~n the cancell~tion ix termmatnm ~Arrc~.i, .~aR
be ~~ven tn otAer tAsn the Morl~aR~e. eacept by pruper en~lotsrmrnt ~Itiacd to wuch pol~cy ~nJ appored by ~fu:tY~~ee. Fa.h p.,l~.}
msuranet +h~ll have a(hted therc~o a Standard !dew Yurk Mor~t~~ee ('lawe ~uhuut Conu~Aut~on, m~kins a11 lu~. ..r lo~.c. unJcr .u.R
pc,hcy payablc tu ~h~ Mor~p~ee •n ~ts inicrc~t may appcar. (n thc evrnt sny ~um w suma monty btcum~ p~y~bl~ rAorcunJcr cR~ V.~r~-
sajce aA~U h~vt the ophon to rc~e~v~ •nd •pply thc s~mc on a~wun~ uf 1Ae indeDtednt~+ h~rchy ~~~urcd, nr ~i, pcrm~t th~ V~~rt~a~...
~o rece~rt and use it, ~x a~y parl th~rcu~, w~Ihuut ihcrcby ~a~v~n~ ~w ~mp~ir~n~ any t~u~ty, hcn, or n`ht unJrr and b~ .~r:ur nr ~h:~.
mort~s~e. (n event nf io~s a pAya~~al Jamsir tu thr mnrt~aEcG propcrty tht \Inrt~r~ut shaN Rnc ~mmcJ~ate nuUir Ihrrr~~( n~ r~~! ~
tht Mutt~a~et •nd thc Nor1Ra(ICC m~v make p~~~~d :d •l~n. ~f ~hr .~mc n~~t ni~dc p~ump~l~' A~ thc \1~~nK~R~x. In c~~•n~ ~,t t~~sr. „~.wr .
~ - 6GJr. i9i ~.~83 •
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