HomeMy WebLinkAbout0054 1'ROVI[)E-11. ALNAI'ti. tha~ ~f the \lort~a~ur shaU pay untu the \bn`a~rt thr ~ndebteJnr.~ rv~drnc~d b~ a
cetta~n pr.xn~xsu~y nult O~ N~11CI) llld ~OIIONIflt ~n words and f~gU~CS IS i1 l[UC C0~1~ 10-M11
~a~~t'~a~ ~~~ot~
X'_1..35U . UQ- ~liami. E lorida Jun e 10 , 19 71
F(~R V.ILI'F: RECEI~'EU_!_ We, iointly and severally promue to pa~
I t~, th~ u~de~ ot ___SYL~j~A MEYERS_ J • _
th~ ~ r+ncip~~ ~~~n ~~Thou~a~~hree Hu-nc~red Fifty & No DOI.LAR~, togeth~r Mith intrrr~c
thrrrun (rum datr at the nte of (rn ~n~~nt, per annu~n u~~t:l matutih•, both prinripal and intercst },ring payabl~ in la..~(u! mooc} u(
thr ~':~ited ~tate~ at ~:.'-~~1 Ri.ca~-nr Bl~d., \1iam~, flo~ida, o~ at such othet pbce as the holde~ hereof may design c in Nritin~.
1'rinci~?al and interr•t ~~a~•able in in~tallmcnt~• z+ [ollows: -
Thirty-Five ($35.00) Dollars per month, beginning on the lSth day of
~ August, 1971 and continuing on the 15th day of each and every month
thereafter until paid in full.
This note may be prepa~d ~n whule or in part after one year from the date heceoE upon payment of a penalty equivalent
tu f~~•e petcent of the princ~pal sum ptepaid. .
f.arh in~tailmrnt paynirnt ~hall be c~rditrd fir~t im the interest due, and the nmainder on principal: and interest :hall thrrr-
I upun ceasr upun th~ principal :o rrrdited. ;
~ The maken and rndor_rn of thi~ nate (urthrr agree to waire demand, notice o[ non•payment and p~ot~st, and in the event u:~t
~liall b~ b~uught [or the collrction hereuf, or the same has to be collected upon demand of an attomey, to pay reasonablc attorney'~
(~•r> (ur making such collcction.
De(errrd paymrnt~ here~nder shall bea~ inte~st at the rste of ten percent per annum (rom maturit~ until paid.
7'his not~ i~c ~ecured b~~ a mortgage ot even date hcrewith and is to be construed and enforeed according to the laws of the
~tat~ o( Florida; upon d~fauit in the payment of principal ard(or interest whcn due, the whole sum of principal and interest
F ,rmaining unpaid =ha11, at the option of the holders, become immediately due and payable_
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~ , - ~ % ~se~~~
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~ c~~.<ci:-<~- •cr-:t~~~SEAL)
Prepared ~y ~pieler d Tendrich, Attorc?e~~ - 2240 B~xayne Blyd., Mumi, F J
ar:.l ~hatl perfotm, c.xnpfy with and ab~de by~ each and e~en the sUpulation~, agreements, «~nd~uons and cove-
nants of sa~d pr.~missorr nott and oi th~s d~ed, then this deed and the estate thereby creat~d shall cease a~d be
nul! 2nd ~•oi.i.
1. The ~tortgag.~r hercby c.~~~enants anJ agrers:
I~ la:• 70 ~av :I: arsd <~n`uiar ehe ;x~nc~Pal and ~nteres~ and other aums ot money DaY+hl~ FY v~~tue uf ea~d pe.Kr:~csw: er~e •n~ ;h~~
I 3ced. ~K either_ promp~Iy v~ the daps ~e•~cti~ctp tAe same ~ecrnlly be:nmes Cue.
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` (b) Ta ~c:m:t. cor•..-::: :r sutfrt n~, ~a~tt a~u +r ?+a~n:s~n :nr impca~emenis at •ll t~nsea ~n a atate O~ 60iti rcparr •nd :und:,ion. and io
~4 do ~x perm~t to be ~cxse :u sa~d ~r~m:sec nuthan~ :na! y:il al:tr or cF.an~e tl~e ase and :hanccer ot sa~d ~rop~r~y or in an. +a} ~mpair er
i •eaken the se.unt> thic mwi~ase. ~n3 ~n c~se o( the refusal. ne~le~t ot ~nabilrty ut tl~e Nort~a~ar to repatt and ma~nta~n'caid D«M~-
! !y, ~he Mwt~a~ee ma~. ai ~~s opt~en. maLe w.1 ~eD~~rs w ia~ae the same to be made. aad ad~ance nuneys m:Dat ~eh~lt.
~ (r1 To par :il and s~n~uiar the taae~. c~seasmcn:s. :c~~es. Lao~i~:~es, and obl~~at~.rns of every natuse on ca~c' de~ct~bed prupert~ ca.h
~ snd c.et~ r'+-n Jne and pa>abfe a~cMJ:ns to lar. htirrt the> becomt dei~aqutr.t, and t~ del~r~r to tht NortEaete cn o: bcfvrc ~larch
IS?h oF-~ ~•~ar taa tece~pt. ev~denc~~E the paymoat n`• a11 lar'tully ~mp:rsed taxes for the pttced~n~ cal~tJ~r y~ar to indemn~(y the
!?{ortja~ee upun h~s dcnand i.x all 2axe~. asseccrnen:s an.! char~e~ th~: may be assessed up~•n th~c mostEaEc on thc ~nJebtedne~s
.vred Ae~~:~Y. a~d pa~d F? the !r.MtEa~tc. ~rthewt rcR~~d fo anv la. Aercto(we eoactta or hereahcr to be enacted ~mpns~n~t ~a~'ment o:
the ~holt any ~ar. thcre.•f upon the \AxtEa~ec.
W! 7i~ paY al; and smsul:r :he ~u.:~, .A~r~~s and e~pen:-s, ~nciu.:~n~ la~yers' fees and abstrac! ~oct. rea~o^ahiy mcutred nc pa;d
am ~i~r ~+y '!~c \t•w~ga~tc~ ~~~a~cc ,d thc {ariwc ~•r tAc part o! thc \1~rtEa~or to petturm.:.xnDl) ~+:'h and ab+d~ h) ra:h and c~~:? ?hc
s,~~n.la:;,,n., aE:ecmr .ondit~on. ~n~ aenan:> o: ca~d promiss~x} n,te and tA~s Ce:d. or c~2htr. anJ e~cr~ .:.:h pa>^,cn; .he!'. ~r~~
~ntcresi I:.xn J~te ac tT,c rat- ni ten 1llY~f pcr ~en:am pcr annu,n.
~rl !t ia (.:tthr. co~enantrd aod a~teed hy sa3d patt~es tha[ in tht e~cnt u[ a suit bc~nE msUt~~ted to foteilo~c :A~s !r.nrt~~tc. tA~ \t~v+-
~a~ee shall fK cnc~i:ed to apply at an? t~me pcnd~n6 such foreclosure suit to the court ba~~n6 2ur~sd~ct~nn therrof the appo~ntmenc
of s rece~~er of alI ind ~~n~ular tAe ~e.xtEa~ed property, and of all ~ents, ~ncomes, ptofits, iasues and revenuea theienf, from Vha~1(KkCf
swrce der~•ed, snd ihereupo~ ~t ~s hercby eaprtssly .~~~nanted •nd a~reed tAat the Court shal! (orthr~th •ppo~nt cuch rr:e~ver.~th
tAe uswl pm.er~ and dut~es of rece~ae~s {~ke casr . and snd apro~ntmen~ sh~ll be made by the cour~ as a matter o! stnc* n~ht ~o
~ the lkxt~a~ee. an3 ~.:thaat relerence to !he adedu~cy or ~n~deQwcy c( the saluc ot the propeny hereby mort~a~ed, a to th~ solvrn.y
nr ~nsal•~enc> of ~Fe Vort~a~.+s er an) ot-`•ec panc ~'.efend~nt to ~ucA su~t, ihe ~1ott~a~or hereby ~pecihutl> +anc. tht n~ht to u~+~cct
ro tre :ppo~nimen~ o' a rrce~~er a~ .fnresaid and l+cret+> eapresslyronsents th~t su.h appo~ntment shall bc made as an admincd eq.:~+•
•nd ss a matter o( ~t+~olutt r:6A~ ~o ~hc ~turt~~~ee snd ~hs~ the ~ame ma~ be .'.xe .:[hout not~ce to thc Nort~a~or.
~ (i i 1[ !orec:o~wt procetdm~a shou:d :+e :n~tFw:rd •p~nst ~he p?opetty co.ered by :h:s r.art~a~t upon r.:y rther i~er. or . la:m ~heth~r
=4 atle~cd to D- super~or or ~un~oi to ~hc he~ of this mat~a~e, the !11ort~s~ee reuy at h~s opuoe ~mmedutel} apon :n~t~~utiun u! ~uch au.i
or dunn~ tAr ernicnc~ tAtre~i dr.:a!e '~:a ^~.vt6a~e and the ~nde~tedness secured hereby uur and payab:c :..rs."»s~A ana rca~ at
~ opi,.n prae~d ~o f~ec iuse tA:s r. ~s~~a~e.
(~1 T~st ~ht Alottp~w w~U ktep al! rul and pe:~~~a: ptope~~y ~ow oc Aeretftet en:umDcred hy th: !ien .~t tA~s mo.tga~t :n~ured as ~r.ay
~ be rcQuir~d frnen ume to !~nr b. thc ~1ort~ta~te •~a~~af loss oy f~re. y~nd,;cxr., and ~~nc~ hazarJs, cs~~,a:i~e. and t~fltiI7EGR~.f< f~.~ ,u.h
~ per~od• •nd t~ nut le~s than surh •moents •s may be re~u~teG S~ the Mort~a~ce ~nd to pay pr~mptlv rhen aue elt prcm:urns !cs such
~ ~nsursnce. The er..ounes uf m~urs~ce reqwred br the Mu~t~s~ce sAafl be the m~n~mum amuunts for .h~ch sa~d maurartce .n.!t be yr~tt~n
',~t and ~t shal! be mcumber.t upon the 44o~[{a{w to ma~nta~n su:ti •ddipoe~l ~nsurance as rnay bt nccescarti tu ^cet anJ .o~npl~ tuliy .3ch
~ a?1 co-~r.suro~ce r~qu~remtnts co~ta~r.ed ~n aa~d pol~ue~ to the end tAst the sa~d ~4ortE~~or i. no: a co-~nsuror ~hercunder.lnwrancc
~ sha{I be rrit!en b~ ~ comp~nr or comysnies apqored a des~~n~ted by 1At Mat~a~te anJ •11 po:ic~es and rene.al. :~ereof .ha7t Ae he1J
~
~ by tAe .l~oitta~ee. A!! det~~ltd Jes~~n~UOn. by ~he M~.tt~s~or +hich are accep!ed by the 1Aats~~ee and a!1 a~rcemen:s between tilon~~Eo*
~ and Mr.t~a~et ~e1~t~n~ to ~nsur~r.ce, no~ eais:s~~ ot heresfter made, aha11 oe ~n rr:tcn~ and ahal{ be a p~rc of chis mort~~~e a~reemen~
~ •s fu:ly •s sh~w~h ~tt fash vero~'en l:ere~.^. •nd ahali ~ovem bo[h p~ri~es hercto and ~nert seccessors snd ass~~ns. tio (~eo upon anp o!
s~~d pol~c~e~ ot msur~nce ot upon any reiund or rewrr. p~enuvm sh~ch enar be p~y~bie en tAe c.ncellat~cm w urminar.on thereof, .ha1;
;a be pven e:, c•the~ ~Aae tht Morisa~ee. exae,t bY p+opcr endo~saoent •(tixed to auch policy anC ~pproved by ~lort~a{et. Eaeh pol~~~ ~f
~nsuranct shall h~~c a(fii-d ~hert~o • St~n3~rd tie~ Yo~k 4ort~~~ee C4use s~cFou! Contnbut~en, mak~n~ atl toss ~x losses rnder .uch
poi~cY D~YaDIe to she ~Iwtaa~ee as ~ts ~o'erea~ msY •ppe~r. ln the event any aum or sums c+t mcney Drcorne payaMe thertu~Aer t~c ~I~:r:-
p~ee sha~l ha•e ihe opa~.r. c•~ rece~•c an.i ~pph' the s~mt on a~eoa~t ot tAe ~ndeDtedoess hereby stcured, or to perT~~ ehe \lnrtEap~~r
~ ~n .ece~ve and use ~t. cY a~r put Entr~.f. rdhot:l tAertby r~irms a~mpunns a~+ e~u~ry, ht:f, of r:~h• .ndcr ~n~ o> .:rruc th;.
morl~ase. In ~ vent nf :o+s o~ plcvsu al d~ma~e to tAt mort~a~eS M~O°•ty the ~1or~sa~ix s!+~li 6~ve ~erncd~ac~ nut:cc :ncrcut ~y Ta•1 r.:
~ thr ~t.x~Ra~te an.! tA~ 11~•r~E.fce ^~c r.~kt ;r.,•' :f .ame . ?nt ~:aCe pr~~~^D'!: \'~:t~~gnr.Ir. r.•n~ • .~rt.i ,<rc ~
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