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HomeMy WebLinkAbout1756 ~ d NROVII)I?11, ALNAYS. ihat if the \k~rtguYor .hall pay unto !hr \brt~a6et the indebtedness rv~Je~crd.by a r~r~a~~ promi.sory notc uf which tht folluv?~ng in w~~rJs and f~~urrs ~s a ttuc cnpy to-v?~t. ~ ~dyti~~ 2050. 00__ !11iam~. Florid~ July 29--- - -71 FUR V~LUE RECF.t~'ED ~e, jointly and severally _ prom~K ~o tu the ordrr of SYLVIA MEYERS _ _ thr priocipal wm ot'j~eiQ_C~1Q11~8L1~ ff~tv and Nn/1Q0-------- ----=-D~)l.l.aR~, tueNhrr with intrrr•t th •rcun trum date at the nte of ten perce~t, per annum unti) mswrity, both prinripil and interest bring payable in law ful nwn~•~ u( th.: llaited ~tatcs at '~~-1-f Bi~cayne Blyd., ~liami, Florida, u~ nt surh other piace a3 the holders hercuf may de.ignate in wnting. Pnt~cipal and interrst payable in installments aa follows: Fifty ($50.00) Dollars per ~nth, beginning on the lSth day of September, 1971, and continuing on the 15th day of each and every month thereafter until paid in ft~ll. Th~s notr may be prepaid in whole or in part after one year from the date hereof upon payment o[ a penalty equivalent tu five pe:cent of the principal sum prepaid. Each imtallment payment shall be eredited fint on the interest due, and the remai~der on principal: and interr;l ~hall tl~rrr- upon ce~:r upun th~ principa! ~ credited. The makec. and endorsen of this note further agrre to waive demand, notic~ of no~-payment and prote~t, and in th~ event :uit .I~all be bwuRht for the collection hereot, or the same has to be collected upon demand of an attorney, to pay rea_wnable atto~ney's ; fer• fo~ making ~uch collection. ~ De[~rred payment~ herrunder shall bea~ inter~st at the rate of ten percent per annum from maturih~ until paid. ~ Th~a not~ i~ ~ecured bv a mortgage~ot e~en date herewith and is to be construed and enforced according to the la~.s of the ~~tate of Florida; upon de[ault in the payment of principal ancUor interest when due, the whole sum o( pnncipal and inte~est rrmaining unpaid shall, at the option of the holders, become immediately due and payable. , ` ~ i , r \ 7;~r ~i./~~,~SE~L) ~ ~ ~ (cEAL) c ome - Z240 B~+e~ nt Bl~d.. !~liami, Fl~da ' Repared by _ prcler d Te~dnch. Alt ys y ar~.f ~h.+ll perfotm, cumpl~ w~th anJ ab~de by rach and e~~er~• the st~puiauons, agretments, conditions and co~•e- nants uf said pmm~s~on• note and ~f th~s deed, thrn th~x dced and the estate thertby created shall cease and be null :.nd void_ 1_ The \lortgagot hereb~• c~~.•enants and agtres~ !a) Ta pay alt and ~~n~ular tAe j+rm:~pal and mtcec.: and other sum~ o( moneY D~Y~blt by r•~rWe of sa~d prom~ssory note and this deed, ur either, promp~ty .x~ iht days rccMcu.ely tAe .ame .t~eralh' hecemes due. j lhl T. permit, commit ar suffcr nn ,.vste aad to ma~n~ain ~h~ ~mpro.rments at al: Umts m a shte ot ~oai repa~r aAd .und~t~ue, and [o ~ do ;x permst to De done tu sacd prcmises nothmR that ~sll alur or chanse the use and eh~rsctet of s~~d property or m any say timpau or ' rukrn the se:urity u( th~c mort~as~, ~nd tn ca~e of thc rc(u.a?. nt6l~ct .x mab~l~ty o( the ~lort~a~or to repau and mamts~n sud proper- ~ t~, tEe Na~~aRce ma>', at h~s option, make sucA repa~:. or .ru~e the same to be made, and advance moneys m that beAal[. (tl To pay a:l and c~n~ular the [axes, acsresments, le~~ea. itab~litics, and obliphons ot every nalute or. said descr~Ded property each ~ and eve~y ~hen Jue and payable a.cardm~ w la+r, b~i.xe thcy become delinquc..t, and to del~ver to the Mort~a~ee on or before 4arch 15tA of each y:ar t~• rece~ptc t~~dencmg the pa>ment of atl laMiully imposed tsxes for tAe preced~n~ ulendae year, to mdemndy tht ?brtEasee uq~n h~c demand ior all taxcs, a~seccments and charses tAat may be asaessed uport this mort~a~e on the indeDtebness s•- ~ curcd hercb~, and pa~d by thc mrKtgaace. ~ithout regard to an~ la~~ heretefae enacted or Aereafter to be ena~ted lmpos~na ~aymen[ o: :he ~Aole or am ~art thcrcof up~ the VortEagee. ' (d) To paY •nd .~nEular the .ostc, chargts and eapenses, trtclud~nR lawytts' (ees and abstnct costs reasonably ~ncurred or pa~d at an> t:mc by thc ~IortgaRet he.su.c nf thc failure ~,n thc part of the VortEasor [o per[orm, compfy ~~th and ab~de by each and e~ery the s~~pa:a:~ons, a6reemrn:c, con~~honc anC ca.enants ot sa~d prom~sscxy note and th~s deed, or either, and every such~p~yment shall bcar :nterest tturts ~atc a! :~c rate nf tcn 11(1°il per .tntum pcr ennuT.. tel (t is turt!~er ce~enanted and agreed br ~a~d part~es that :n th~ e~~en~ of a su~t be~ni ~nstituted to foreclose th~s mort~ast, the Mon- Ea~ee shall ~e emi:Ied to aDD~Y at any ~~me per.d:~6 such ioreclosure su~t to the court h~r~ns ~unsd~chon tl~erco( for tAe sDpo~ntment o: a rece~~er o! all and cin~ular ;h~ mo~tEa6cd propert~, and of all ren~s, ~n:omes, profits, usues and revenues thereof, from ~hatsoetier cour.e Jern~3. and thercupon hercb~ [i(NfSSI)' CJYffI]DtC~ :nd asreed that che Court sha.t forthr~tA appomt such rcce~ver sitA ~ tAe uswl po~c:c and duhes u( recener. ~n I~kr case.. and .a~d appo~mment sh~11 be made by the court as a matser o( stnet n~A[ to ,hc llrxt~a~ee, and .:chout refcrcn~e t~, thc adcqwc> or ~nadcquacy o( the value of tht ptoperty hereby mort~a~ed, or to tAe solvency ,z insni~encY :he l1o:t6a~cx~ o: any ~,thr. p~rty deten3ant tn +uch cu~t. The ~1ort~a~or herebq spec~(ually wa~~~c tre n~tA! to oD~ect ~ •c. t~e appointment nf a tfif7lff a. afore~a~d and Fcrchv c~~e~.ly ~mstnts tAat sucA appo~ntment shall Ae made a~ an adm~ned cqu~h ~ and a~ • mar,~r •h.~•:ute r~gh? to .hc ~1~~ti~aEer anJ rhat !he ~ame ma~ !+c done r~tAout notue ~o [ht Nori~a~or. lf ) ;orec:~~.urr pr~..eed~n<< .h~,uld be +nstiwsed a~amst th~ property :u.ered by th~s mwtp~e upon any other lien •x .la~m nc~;hcr ~ •:ie~ed Ae ~uprn:.e or 7un~or tAc ~~en thz~ m~xt~aRe. tAc ~1.xt~aRee ma> at h~s ophon ~mmed~atcl~ upon cn~t~tuhon o( +uch .u~t ~x Jur~n~ the pe:idency thereef drelar~ tA~c m~.rtga~e and the ~ndeAt~dnecs seaurtd hereby dut and Da~sl+lr t.uth~~tA and mav at ~e~ ~ op~ion proceed to /oreclose th~~ mort~~~e. - i~l That tAe 11~~r•`~gor sill t~ep ril reai and per~~~nal pru~+erty now ~K herc~i:er -ncumbered D~ tAe I~en of :hi~ mort~a~e in.ured a~ m~t ~ ~e reQuned fr~Kn t~mc :ir t~mc oY :hc \tort~~gec a~a~ns: lo.~ Ay ;~r~, a•~,f.i~wm ~n1 .~ther hatstds, c~~ualue~ ~nd .~~nt~njen,~c. f~~r .u.h ~ ~ per,od~ a:a :or r.nt le.~ than ~u~h •~nun~~ as may ht reuu~r~d thc ~turtsa~cc •nd R. p~> promptl~ •hcn duc ~11 prcmium+ t.~r sucA Z ~ :n~~r2nce_ The am~•untti o( insuran.e rcyu+red M ~Ae ~turtR~~ee .hall h~ tA~ m~n~T:um amounta fur +~h~ch ~aid ~n.u~an.e ~hall !re re~lten r nt r.c.ecsar~ to mcct arn1 .om i ~ ~ ar.C .hal! Ae inc~•T.~Jtfl. u(1M~ the N~~tRaRnr tn ma~ntirn .u.~ ald~uonal ~nwrance ~s m~Y p y tull~ rtlh ; ~ a:i err:na~rancc rcyuirements .~~r.ismed ~n ~~~d poL•.:t~ tn the cnd th~t !ht .a~d ~1~Kt~s~a is not a~o_in.ur~~t thrreund~r.ln.uran.c 4 .haf: `•c .r:::cn ~~y a~-~m an or ~.,rr, anit+ a ~^d dc.~ ni~~d bq tA~ ~1.~r1 a ec •nd ~11 oi~cics •nd tene~~i• thercot .As11 At Re:J ` D ti P DP~" K L i ~ '+y the R4nrtsa~cc. A:i dcta~ltd dr.~6nat~un~ Ay the \I•xtRaEnr .~~.h ?re a.~cpt~d by the Mort~s~te and all ~~rtemcnts Dtt~een ?1urt~~Eor } ~ ~ and ~t~x~~~~~~ ~~'a•:ng ~o ~n~•,ramc. n,~• ca~.nnR .rr ~rrcalr~r m~dc. ~A~li bc ~n rr~un~ •nd •Aall h~ a p~rt ~~t th~. murt~a~t a~rterccn: a+ Suily ~n.~.K~. i.xtA v~rn~;~m ~~rc~n and +h~li R..~crn n„th psrtie. hercto •nd ihen .ua:r.~.,r+ •nd i.+~~n~. 10 licn up..n an~ ?a~Q ,~~'~ct~• •.t ~n.~•~n~t ~w ~.pan ~nv rclund ~N r~~urr. Mcm~u~n ~ah~ch rnsy bc paYaMe un IAt canceilaL.~n ~x tcrmmaLon tht~c.•(, .Aa=i ~c ~nen r~, .,•R~. rR~n ~~c NwtRaRcr. c..ept A~ p~.~;.~~ enJur.~ment •Hn~d tu wcQ puLcy and ~ppo~ed b> N~Mt~~see_ ! a.A p~~lr.. ~ ~~~u:anct ~!:~1i h•~.• a(f~~ed th~rrt~ ~ Stand~rd 4~~+~ )'~,r~ \1~~~!~t+Ke'e (~I~u~a ~a~~h..yt l~untnhut~nn. maYin~ all ln.. ,,r t....c. un.l~r ~w~ } ~ y,;~cY Pata!+;~ •nr Nrn~p~tr aa +n ,r,r~r<.! rna~ appe~r. In the ~rrn~ an~ .um ~H .um~ ~f m~.n~~' Dt~~vnt p~Y~Alr ~I+cr~undrr N+c ~I,•~'. ~~~c. ?F..:: hs~.• ;h~ nphM. -r~f~'.r •nd .pp1~. ~h~ aarn~ un •acuunt ol ih~ ~ndeAtrdn~~~ h~~eh~ .t.uecd. nr t~. p~rmie ~At \I.~.r'f.~c.~- ~ r'~is~.~ ~nd wr 'r any ;•r~~ r~rr~id, ?i!hnul ~hrfrAy aai~mR .M ~mp~~nnR •n~ tyu~IV, i~t/~. ~.r r~~.r unurt •n..~ n~ aveu~ ~ mrw~~~[~. In ...ne ,~t :r~~• ~r. ;h;.n •1 d~r.+~~ •n. m,r, rR.~: d ;a,~p~,~~ tA~ ll~.rt~~sur •A~1! ~mme~u~~ n.~n. ~ :A~•~ .t r•. c., . ~ th( N~xt~a~~~ ~ ttnrr~.~.. . n. r.k. ~ ..f . . .a~~. r,~~~ ~r;~~l~ p~~~mpt1~ A~ ~hr ~l~.tt~a~.e. In : ~,~~a :q ~•r~. ~ ~ a~oK 194 175~ Yh ~ - - - _ ~ ~