HomeMy WebLinkAbout2587 PROVIDEn, AI.WAYS, tha~ if the \1utt~a`ot shall pay unto tht !lbrt=a~ec the ~odebtedness ev~de~ced by a
certa~n pt~tnis~aty eote ~~f which the foll.~wint in worJs and fitures is a true copx to-wit:
1 450.00 ~a~~ ~C
3- A1ian~i.Flo~idL AUgU3t 5--~-------, ~j
FOR VAI.UE RECEI~'ED I - p~onii•r tu pa3
to the on1r~ o( LENA ~
th~ p~inci~Nl sun~ of One ~nvu5and-Four Nun re F ty and No jl~p~~~,~,,.~K,y, tugethrr witl~ i~~trrr•t
thereun Irom date at the att o[ ten penent, per aneum unti) matu~ity, both principal snd intrrest bring payablt in law ful munry u(
the United ~tates at 2~-5-~ Bi~ayne Blyd., ~Iiami. Florida, or at such olher place as the holden hereo( may de•igoate in ..ritinR.
Principai snd interest pa~able in installment3 as fullow3:
Fifty ($50.00) Dollars per nionth, beginning on the 15th day of
October, 1971, and continuing on the 15th day of eACh and every month
thereafter until paid in full.
TAis r?ote may bt prepaid in w•hole ot in pact aftet one yeat (rom the date hereof upon payment of a penalty equivalent
to f~ve percent of the principal sum prepaid.
Each in:tatiment pa~~ment ~hal) be creditcd fint on the intertst due, and ihe rcmainder on principal; and inter~st shall tt~rrr-
upon cea.ir upon the ~rincipa) ~o credited.
The make~ and endot~en of this note further agrce to waive dema~d, notice oI ~on•payment and protest, and in the event ~uit
~I~all be btought for the collcction h•reoE, or the same has to bt collected upon demand of an attorney, to pay rea;onable attorney's
frr~ for makiog such eollection.
Deferred payments hctrunder shall bear intercst at the rate of ten perce~t per annum from maturity until paid. _
This note is secured by a mortgage~of even date her~Mrith and is to be construed and enforced according io the laws of th:
State of Florida; upon default in the payment of principai antYor interest r~chen due, the whole sum of ~rincipal and ir~terest
rcmaining unpaid shall, at the option of tht holders, become immediately ~ ayable.
~ ~ - ' =
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~ (SEAL)
Pire red b Kk~ dt Tendrieh, Attorne r (SEAL)
W r ~P ys - 224~ B~ca M 81rd., tiliuni, F~Otlda
ar~d ~hall p~rfexm, complp with and abide by each and every the stipulations. agreements, conditio~s and cove-
nants ot said preNnissory note artd ot this decd, then this deed and the estate thereby created shal{ cease and be
null and soid. "
1. The Moctgagor hereby co~enants and ag[ees:
la) To pay ali and s~nsular the ~r~nc~pal artd ~ntcrest and other sums o! money payaple by ruwt oF sa~d prom~ssory note and th~s
deed. .x e~lher, prompUy on the days respecuvely the same ce~~erally Decomes duc.
(b) To perm~t, came~t or sufter no ~raste and to ma~nta~n tAe ~mprovements at sll umes ~n a state ot ~ood repa~r and cond~t~on, aed to
do or perm~t to be done to sa~d =+rem~ses notA~~~ that rr~tl alter or chsn~e the use and chat~cter of s~~d p~operty or ~n any +~ay ~mpaa or
acatcn the sc.ur~ty ot th~s re~e~ase. qnd m tast of tAe refusal, neslecl ot inabd~ty of ~he ~lort~a~or lo ~epa~r •nd mainta~n s~~d proper-
ty, ihc Ma~p~ee may, at A~s opt~on, mate such rep~us or cauce the samc to be oade, aad advance moneys ~n that beh~l(.
1.1 To pay all and s~n~ular the taaes, assessieencs, lev~es, lub~l~ties, and obG~~t~on~ ot erery nature on sa~d descr?bed p~opcrty esch
• a~1 every ~een duc and payable acc«d~ns to lar, beEore they become delinqa~..t, and to deliver to ihe Maijasee on w before ~isrcA
IS~A ot each ycsr ta; receipts cv~dencm~ the payment ot all li~iully ~mposed ta:es [a the preced~a~ e~leedar ysar; to ~ndema~(y tMe
Af«t~a~ee upon Ais demand (or alt taacs, assesamen~s and cAar~es that may be asse~sed~ upon th~s ~aort~a~e on tAe indebtedaess s•-
cured hereby, aod pa~d by tAe matp~ee, .~ithout rc~ard to any la~• Atretofore en~eted o~ hereaf~er to Se eoscted irepos~ns aayment oS
tl~e ~hole ot any ..art [hcreot upon the Wort~a~ee_
Id) To psy all and s~n~ular th~ costc, char~es and eapensee, ~nclud~n~ lawyers' (ees •nd absuact costs'teasonably incuned e+r pa~A at
any t,me by the ~lortaaaet because of ~hc fa~lure ~•n the part ot tht SlortEa~ot to perfocm, cosply ~~th and a~~de by each and errry ri~e-~
st~pul~t~oas, a~rccments, coad~tlorts and cover.ants ot sa~d prom~s~nry note and th~s deed, or eit6er, aad evety su:A'paye~ens sAall be~r ' f
intercst [rae ~~e at thc r:te ot ten l10~1 pcr centum per annum. • f
(el It ~s futther coren:nted ~nd a~reed by sa~d part~es thst ~n the erent et a su~t beins mstituted to tweclose thts mat~a~e, the Mort- f
p~ee shall be ent~~Ied to apply at any t~me pend~ns sucA forectosure su~t to the court harie~ jarisdict+on tAereot for tlie appo~nlment
oi s rece~ver of a11 and sin~ular tAe mat~a~ed propetty, and of sll rents, incomes, prof~ts, issues and rerenues tAereot, [roai .hatsoever i
source den~ed: and thereupon it is hertby capressly covenanted aid a~reed that the Coutt shaU (o~thr~tA appo~nt such rect~rer v~ch ,
the usuaf povera and du[ies o( rect~aers m I~ke cases, and sa~d appoin~ment sAal1 bt made by tAe court is ~ matter of stnct n~At to
the Mat~a~ee, and .r~thout reterence to the adeqwcy eK ~nadeQwcy of Nt value ot tde property hereby mort~a~ed, nr to the solvency
or ~nsohrncy of tho ~fortsa~ors or any nther par~y dcte~dant tc ~~h su~t. T9e ?1ort~~~or hereby specdically ~a~ves the ri~ht te oDject
to the appo~nement o( a rece~ver ac af'xesa+d and hereby eipre.sly consents ~ri ~ucA •ppomtment shall be made •s an adm~tted equ~ty
+nd as a matter o( abaolute n~ht to [he W.x:~aaec and ~hat the ~amc may be done ~nthout nopce to the Mort~a~or_
Ifl If foreclo~u~e proceedm~s should be inse~wted a~a~nst the property :;,:c:rC ~y •w~s taortssse 1~~~ ar_y utl~er hen or c1a~m ~snetAer
alie~ed to be super~or or ~un~or to thr I~en of tA~s mort~a~e, thc Mott~a~te may at h~s opuon ~mmedutely upw~ instuut~on o( tucR ~uet
o? dw~n~ tl~r pe~tncy tDtren( dec)are th~s mortsase and the ~ndebttdness secired hereDy dut and payable f.xtA~~~A snd may a~ its
oWion procecd to (urectoae th~s mori~a~e.
1~1 That the ~lortpsa vill Ecep all real and persnnal prupcrty now or hereatter encueabtred by tAe I~en of th~s mat~a~e tnsured as may
be reQwred [ran ume to time by ~he t(ort~a~ee a~a~ast ioss by (~re, ~•~Ja~«m and other hazstds, ca~w)tus and .onun~tn.~rc fur .uch
penads and ~ur nof le~s tA~n such anwunts as may be requued by tht S4ort~a{ee and to pay crwnptly ,.hen due •11 premiums tix sucA
m~urance. Thc amounts of msurance r~quired by thc ~ton~aEec shall be thF m~n~mum ~muunts fw rrh~.h sa~d inswance sha11 h~ ~nttcn
and it shail be ~ncumbent upon the tfort~as.~r to ma~nuen such addie~anal ~nsurance as may be necess~ry to mtet snJ ~omply (ully +~th
sll co-msurance reqwrements contamed ~n ~a~d poh~ies t~ the end that tht sud ~Ie~tsa~a ~s not a co-~nsuror tAereun3er.Insurance
sAall Ae .ntten Ay a company a cumpan~es appto~ed nr de.~gnaled by the Mext~a{ee and aIl pol~c~es snd rtn..~als eAerco( ~Mlt be Aeid
by ihe Matja<<e. A!! de4~led des~tnsuon, by tAe Nnrtsaaor ~h~ch ~re a~cepted by tl~e Mottia~le and sll ureementa bet~een Alorts~~or
and Mortp~ee rcl~t~n6 to msw~nce, n~~,r ex~sun~ cx hereaR~r made, •hsll be in .rnt~n~ and shall be a patt o( tMs matp~e a~reement
as lully as thousA srt foeth ve~Aat~m heretn and ahalt 6o~ern both parues hercto and tAeu successors and ass~~n~. No liert upon any ot
s~~d poLciea ol msurance or upun anY refund or re~urn pcm:um ~h~cA msY ~ paYable on tAe cancel{auon or term~n~Uw~ thereof, shali +
be ~~ven oth~r than tde l~lutt~~~ee, eacept by proper endorsement a[(ued !o +ucA poLcy and approved by Ma~~a~ee. Fa.A pohcy ~~i ~
insuranct sAatl ha~e aff~aed thu[tn ~ Standard 1c~r York MortE~~ce flau~e r~thrntt Conlnbut~on, makin~ loss .x lossc? unJrr .u~h ~
pobcy paYabl~ t~. thc ~Iorlp~ee •s ~n~cr~st maY ~DD~~r. In tnt e~rent any sum or sunu o( money becane p~)shle ~hercunder the \tnrt-
~a~ce sA.ll ha.t ~he op:~an to reae~.~ •nA applt the same on ~ccount of the ~nde~tedneas he~ebY secured, or t~. perm~t the \lort~~~~~~ !
to rece~re and use ~t. or •ny pu~ thercol. r~1Aou1 lAtrtby ra~v~ns ~x impnnns any eQuitY. I~en. or r~shc under .nd n~ t~rtue ot tEs.
mat~~~e. In e~enl ol I~s+ ot phys~~al dama~c to tAr rnortRaRcd pruper~y [he ~tort{~~w shall {~rt tmmtdt~lt Oott~c thNro( h~ -a:1 t„
tht 4wt~s~oe anA thc ~Irnt~~~ee m~~ makc pru~d u1 I~... ~t thc .amc not m~dt prwnpUy by tAt Nwt~s~w. tn c~ent nt l~,r~. i~•.ure o! ~
f~ Q i~ ` .
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