HomeMy WebLinkAbout0727 _ . ~,~a ~1~"~' ~ i'',.~
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PROV1DEn, ALWAYS, th~t ij the.Morl~~jot =hall pay unto the Mott~a~ee the iodebtedness evidenced by a
csrt~ih ptomiswry note of which tha foilowin~ in word• and fi uro~ is • uue c
~ opY tawit:
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a 2475 - QQ ~iismi. I~torida AFxiL.2_.4,_______ ~'~._?1_
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foR vai.tiF REC~tvED We, jointly and severally proR~~ ~o p~y
~ t., th urdrr _ F~_ MILTON SACHS N~~~.{~
~ j thc p ncipai .~m ~[Two Thou~nd Four Hundred Seventv Five 8[t-dl ^'I'R~LL~t togcthcr witl~ intr~est
ihereon fmm date at thc nte of ten percent, per u?~um untit maturiq, both principal aod intereet beina payable in lawfu) monay uf
~ the ~nited ~tates at .^.~~t-1 Biacayne Blvd.. ~liami. Flotida. or at such other place as the holdet~i henof may du~ignate io writing.
i'rincipa! and iotereat payabte in instdlments a~ follows:
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~j Forty ($40.00) Dollars per month, for sixty (60) consecutive months,
~ on the ZSth day of each and every month, beginning on the lSth day of
; June, 1971 and continuing until the 15th day of ~une, 1976, at which
' time the balance shall become due and payable.
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~ This note may be prcpaid in whole or in pact aftet one yeu trom the date hereof upon payment of a penalty equivalenc
~o five percent of the principal sum prepaid.
Each in:tallment payment shall 6e credittd Crst on the intecest due. and the temaindu on principal; snd intereat ehall thctr-
upo~ crase upan the principal so credittd.
- The m+l:er~ and endorseta of this note fwthee agne to waive demand, notice of non-payment and ptoteat, and in the event wit
~ ~ sli 1 be drought for the collection he~eof. or the same has to be collected upo~ demand ot aR attorney, to pay r+easonabie att 's
~ ; fc [or making ~vch co[lection.
Deter~ed payrnenia hereunder shall b~u interest at the rate of ten peocent per aanum irom maturity until paid.
This ~ote is aecured dy a mortg,age-of even date herewith and is to be construed ar~d enforced according to the tawa o the •
~ ~ ~tate oi Florida; upon default in tt~epa
yment of principal and/or intorest when due, the whote sum af pnncipal arid intersat
rcmainin6 u~paid shall, at the option of the holders, beeome imme ~l due and psyabte.
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~ ~ t '/~s K-~ !'~•UlG<<~1-,~~.- (sE:AL)
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' Prepued by Spieter b Tendricb, Attoraeys - 2Z40 Bi~ayne Blyd, M;ami. F~d: ~
and shall perfomn. compiy with and abide by eacl~ and svery the stipulstions. ajreements. conditions and covc- ~
naus of said promissory note and of this deed, then this dead and tbe astate thereby c~ested shall cease and be
nuU and void.
I. The Mort~asor hereby covenants and airees:
(a) To p~7r al) ind sia~utir tbe prieciprt aed iatc~est ~~d otAer su~s of aoser arible by r"uux o( s~id pcomissoryr aWe and this
dced. w eilher. pa.~~~y aw ehe daya cesoec~i.ely we s.we se.eraur seca.ss aYe.
lsl To pcrsil. co~it ot adfsr no +~ute and to ina~etsia lbe is,ro~eoenu at sll tirs~ ia ~ stats o( ~ood tepair and cood~~ioe. ~nd to '
do o~ Oct~it to be done to said pre~ises aothio~ th~t ~rill ~Iter or eb~a~e 1be ust tod tA~raetet ot said prooe~tr or ia anr r:y iepair or
~eakea Ihe aecnritr ot Utis sortp~s. Aua ia ease o( tbe re/wal, u~sleet at ~abilitp of t~e 1~{ort~asor tu tea"v aad ~uist~ia s~id propcr-
ty, eee wo.~~.s« a+.r. ~t Ais opuaw, mske such repiits or es~ue tYe sa~c to be Mda, and ad~aece sontlli ia tlut bsh~if.
(c) To p~y sll a~d s~euul~r d?s taaes. usess~ents. tev~ef, liabilities. aad obli{atiaos of e~ery eatnrt ou~a~id descriped p~operer each
and erery rAee due awd payable sccordio~ to fav, betatt Uer seco~e dellyneat. ~ad to delirer to tLe 1lortsaite oo p before hlucb
ISU? of easL yeu ax receiPts sridenciss the p~rmsnt ot tll I~~trlly i~po~ed t~sa for.tUe Orscedi~ e~leadrr ye~r; to iadessify ~he
liort~a~ae ~pon Id~ deMnd tor all taaes~ asusamee??s ~M chuses th~t MY be isaessed ~pon this wo~~~e oa We isdebte4aaas a•.
cured ~e~ebY. sad paid Ay dne a~wW~ee, ~idtout re~~M te ~~r !a~ 4ereta?ars esut~d or l~ere~ftcr te w en~tsd i~posin~ p~~ant ot
tbe rlwls a aay ~art cMaeof ~oaa ~6e MorW~sa
ldl To p~r ~II ~~d ~~~{u1N ~he costs. char~es a~d expeassa. inclydiw~ la~ye~i' (eu aad absuact costs re~sm~bly iaeettcd ix wid at
sny iise by ~he Mort~a~ee bec~use of tAe 4ilure an the att of tbe Nor~~a{ot to perfon. casiply ~id? aad abide by eacA aad e~eryr Ut
stipYlat~ons. ~~reeweeis. cond~hons and coreaaats ot s~id pro~issoty aote and Wu deeA. or e~ther. and every sucA'payment a~~l) bc~r
~e~crest (cos date at ~he rate o( tea (10'~r) per ceatwa per sseu~,
lc) It u(rr~het co~en~ated ud aatesd by said psrtie~ that in tle ereot o( i fYll ~tl~ 111ilIlYtCd l0 ~OftClOft 1A11 alQflj~~C. Uu Matt.
pLee sb~ll be en~ickd io aoptr at ~Mr ~i~e p~ndios sueA foreclosure srit ta the covrt liarie~ j~riadictiaa ihereol ta tAe aapo~au~en~
of a rscei+~ ot all ~i aiaplu t?e watl~~ed Orofettr, aw ot ~II ~sets. ~eeo~ei. otoi'iu, iiaws ~ad ~evsoues tAsred. fro~ rhaiaoerer
source derived: ~nd t?srssooa ~t ia Ae~sbr e:prea~lr eoreaseted ~od ~~retd t~~t the Caut s6~11 (ott6~ith ~~oiat suc6 receiret ~~th
U~e aswl-ooacrs sad d~tiu of recci~era ie like cue~: asd aaid appistrat ~ialt be ade by tbe coun ~a ~ wtar of striet ri~ht to
tAe Mat~~ee. ~ad •itMout refercace to tbe ~deqwcy ar ieadepi~er et tMe •~Irs ot ~ie ~aoeny sere~r ~~a+sed. a ~o the sol~eecy
o~ ~e.o~•..~r or w~ M«~•s~.. «~r awu puty defceda~t to srch s~it. T6e ~tott~,~~ot busbr apttific~liy raives tbe ri~ht ~o ob~ect
to tAe apoolataew~ ot a receirer Es atae~aid ~nd AerebY e~pessl~ COAitlll/ tb{1 ~yCll ~jIDplAhYtAI {A{II bt Std! ~s an ~d~itted eauuy
•nd as a ptter et ~esolnte riiA~ to d~e Mats~~ee ~nd sAa~ t!e iue s~r be doee ~itLoxt aotiee to tbe Mort~a~or.
(t) Jf foreelosure procesdu{s shorN 4s iastit~ted s~~iwt tAe prooertr covered by ehi~ sottp~e upoe ~ar otlitr liee or cl~ne rhethcr
slle~ed to be s~oerior at jusior to tAe liea ai eii~ watN~e. tAe yortNN~ dY at Mii
a Quries tbr pendescr tbereot dect~re this aat a eNios iessdi~ttlr upon iastitnam o( s~ech suu
1D i i~ ~pd the iadebtedaes~ secur~d haebr due and
ootioa ~ocecd to forecloas ~iis ~atpjs. oaY~blc lor~hrrltA snd msY at ~is
t~) 71at 1A! Mortµ~a rill keq sll re~l ~nd persoa~l proosrtr ~m? a Ysre~hp escusbered Sr t4e lien of Wis sort~~~e ~naured ~s may
be teatirst fro~ tiwe w ti~e br t6e ~lortsa~ee ~qiast to~a sr fire. wiaditons aad aber ba:ards. c~awlt~es uM contmatnc~es tor such
Oa~o4 ~M ta~ eo~ le~s tbu srcb ~~ounu u~r b~ aqYU~ br t~t yorya~ee ~s/ to Mr Kowptlr ~r1Ke due all preio~rr?s tot srcA
~e~or~ce. T1s uowta d ies~~eee reqaired by tM~ A1ory~sec arall ?e tMs ieislww a~orsts fot ~6~ch s~~d insurante shall be rr~ltee
aad it sMalt bs iwewbeat rpm tAe ?iwtsa~a te aa~nai~ s~cb ~dditia~l ;ww.nes s~.r be ~e~ssu7 a.~e~ .~a ~~Diy t~nr ~~th
•It co-iYYfNC~ rsoare~fbts coeta~nsA i~ ssi~ plicie• te cY~ s~d tlwt tis said Alortp~or i~ ~a a cwwwor tiersw~der.tnsu~~ace
•AaU be ~nttss br s co~p~sy or eo~uiss a~oved ar Aeii~ted br qu Maya~e~ ~M ~It oolic~es asd rews~~ls thcreof sAsl! Se Aetd
b7 ~+c Mayasee. AI! det~ilcd deiiaea~iows A~r d~e Ilonja~or sbicA ~n scceqN by d~e Yort~~see u~d all akeewents betveen A{wtp~or
and ?Ior~a~ee rtl~tisa to ia~~r~ece. ~o~i siistiu~ or 4s~e~ttsr Nds, N~all bs is +~ri~ias ~ad sM~li be ~ put a( iAis aiori~a~e a~rs~.sai
u trlly ~i tUo~ sst fart~ ~er~ac~~ Ys~eia ~sd siuii ~orers boM p~rtie~ herew sed tMeir snectaaors asd a~s~~ns. No lien uaoee anr o( ~
ssid oolicies o( m~w~sce or uym ~sp refuqd or retwa ~s~irs Mrkid ~er be p~y~~le an the c~ecsll~tioe or terema~ion 1her~ot, sA~ll ~
be ~~~~s ~o otl~er tsae iMt yort~te. e:csPt Ay pooer sndorsc~sat ~ffiaeA to snch ooliey aod ~Mro~ed by MortN~ee. EacA ool~cy o(
msrruee adatl 1r~ve aff~=ed thsreco ~ S~sad~rd Ne. Yort Yaep~e~ Clsws r~rlow Coau~bY~~oa. ~akina ~!1 toss or losiss under s4eh
pficr Myalle ~o t~e Nortp~ee as :ts i~~crest sar ~1Mu. tAe •vpt ~ar a~wu o( spnsr secase Nrable thsre~ader the ~lat.
~a~se sA~ll Mvc ~c oq~iou ~o rcccirc •ed •oplr tbe ~~e a~ sceo~et o( t~e indsbtcAaess AcrcbY secu~ed. or t~ pens~t ~ke ifori~s~a
to rscei~e and we i~, a a~r p~~t tbtreof. riWout tAert~r wsiruy ar iwMirins .er ea~~ir. liea. a t~~ht under and by vut~t of tAi~
ieoniats. M e•ent o/ Iwa a p6ya~cal d~sase fo tbs sort~~~e0 ~ro~erty tbs MatN~or sAaU ~i~e ~~rasdute notice tAe~sof Oy n+~~l iu
U~e Na~~~~ts and Mt yo~l~a~ee ssr ~ke proof nf Ios~ ~f the saiee is not sade proaqtly Ey tire tia~~a~~. (n tven( y( fcreiln.ure uf
~o~ 192 .725 -
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