HomeMy WebLinkAbout0418 I'RnYlI1h.1), AI.N'AIS, th•r~ if the \lurtgago[ ch~11 pay unt~~ thr Sk?ttgagrr thr ~ndrbtcJRr~s rviJrnccd b> a
rerta~n prMn~s~u~y nute ~~f w~h~rh the f~~ll~~~~irig ~n w~?n1~ and (~gur~, i~ s ttur cupy t~~-K~t
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~4~~ I~~4~G -
S_ 4900. 40 _ hli~mi, Flocid~ Mav ? 7_ [9~1_
1 FOR YAI.UE: tiECEI~'ED_ We ~ointl and ~ve r~}11y pwmise to pa~
i., ~h~ o~d~~ ot ~QftRI~G~RSHIN AND BEL~? G~R~~~WIF~.
thr principal wm ul FOUY' T~10uSe11d N~i1e Nun~re DO ZSr~ & NO _ pqI.LAK.S. togeth~r with intrrr
i
th•rcun [wm date at the ~ate of ten percent, pe~ annum until matucity, both principal and inteast bring payable in IaN(u! mon~•y ul
th~• l'nited ~tates at '.'.'~a•1 Bi.cayne Bl+d., \tiami, florida, or at such other place as the holders hereot m~y dcsignaie in Mriting.'~
Prixcipal and interest payabic in in~tailme~44 as (dlows:
Eighty-Five ($85.00) Dollars per month, for sixty (60) consecutive
months, on the 15th day of each and every month, t~eginning on the
15th day of July, 1971 and continuing until the 15th day of July, 1976,
at which time the balance shall become due and payab2e.
This note may be prepaid in v?~hole or in pa~t after one year fcom the date heceof upon payment of a penalty equivalent
tu frve percent of the principai sum ptepaid.
E;~ch instalimrnt pa} ment :hall be credited Crsl on the intettst due, and the remai~de~ on principal; and i7tercst ahall thrrr-
upon rease upon the principal so crrdited.
The make~ and rndorsre~ of this note fnrther agree to waive demnnd, notice of non-payment and protest, and in the erent suit
~I~all br drvught fo~ the collection hcreof, o~ the same has to be collected upon demand oE an attomey, to pay teuonable sttomey +
• frr~ fu~ making such collectiun. ~
' Defetrcd payment~ hereunder shal) bear i~terest at the nte of ten percent per annum Emm maturity until paid.
+ 7'his not~ is .ecurrd by a mortgage~oi even date herewith and is to be consWed and enforced according to the laws o~the
~~~tat~ of Florida; upon d~[ault in the payment oi principd andlor intereat when d~te, the whole eum ~f principal a~d int tet
rrmaining unpaid shall, at the option of the holders, become immcdiately due and payabte.
~''='-~/1--r-~-~e.. (SEaL)
~ - , ~ (~EAL)
Prcpared by SpKkr & Trndric~, A~torners - 2240 Buearne 8t~~.. Miuni, F i
ao.i sh:~ll perform. compl~• weth and ab~dr M rach anJ eve~y the :t~pul:?tiun+, agrCement~, cond~tiom and cove-
~ants uf said promiss~~r~~ n~~te and ~~1 this deed, thrn th~s derd :~rx1 thr e.tatr thrreby creat~d shall cease and be
nuU and «~id.
t. The ~lortgagor hereby co~~enants ar~ agree~:
(al To pay ~.t ~nd ,:nsular the ~+r~e.ip~l and ~mrrrsr and ~,thr: ..;,rt:. .,f rr.~,r.c: payabi: h~ ruwc o( saut pn.m~~~.xy nute and th~s
deed. or tuher. p~~ptl} ~x? tht day. recpt.:iv~iy thc ~~rnc .r~ctai!) ~c::~n!r. du~.
(h) T~ permit. .o+:umt ur suffer n~ yaste a~d to ma~n;a~n thc impr.wemeets at a.l ::mcs ~n a stru of g..~~i repe~r end cond~t~ore, and to
du a penmt t.. bc 3onc tu said ~em~.ec noth~nR t5ai ~+itt etter or ihanEe thc u.r and ~Aatac~er .>f sa:d prope~ty ~.r m any ~ay ~mpa~t a
~taken the sr:ur~t~ oi thi~ mo~t~ta6e. And m.a~c ot thc rc(u.~l. nedlcct o~ m.~b~luy the Slortgagor t~ ~spau and mameam s~~d ptoper-
ty, the ~Iotts~Ere mat, at his opuun. make such tepars ~x .rus~ th~ samc !o be made, and ad~•ancetnoncy: m cAat behal(.
le) To pay aii anS s~nauirr *tse taces. asscss^r.^.~;. !r~ie., •.~ah:ht~~., and obl~Rauons uf ecery natu~e on sa~d descnbed property tacA
and e~ery rhen due an3 payabie ~ccocdm~ t~+ taa. !+~f.ur thty beanmr dchnQuc and tn dcl~ver to the Slwtgaeee on or be(ore Match
IStA of eaeh year tai receip's ev~dencmR the pa~r.:~m nf atl la+tully ~mposed ta~ts frn eh~ precedma ea;endar year, ro mdemni(y the
~1ort=a~ee u~n Ms Semand fot ali ta~es_ a.us<;nrnt~ atW ch~r6e~ that r.uy be asse~sed up~m th~s mortsaje on 1h: ~rtotbtedness v-
curtd A~rcby, an.! p3td by the mixtga~2tt, yttAuvt rrc~rd e,. iec ta•. nerc:.~fur~ rnactcl .x hrr~aftee tu be enacted ~~pos~ns ~syment o:
tAe rAole or am~ .+art thereot upan the llori~taEee. .
(d) To psy ~11 •nd s~n~uiar the .o.:~. .hrrg~s and oa;,rn>c~, mctud~ng ia~~~~c+:' frr. ~nd ~b.trac~ +o~t~ rcasonahly mcutred or pa~d at
- an~ time by ihr a~EaEet beiau.e of ~hr fa~lurc .~r. !t~r pars .,f Ihr \Iuri~.go: tu po:t.~rm, rumpY? +~ih end aoiJe 6y each anQ e~ery thc
cupul~tions, ~~reements. cond~tion. and :o~enants ot ~a+d ;x~~m~s~.~rt n:•ic ~nd this d~ed, .x euher, and every sucA payment shalt l+ear
mterest (roen .i~tc a1 the rate oi ien 1 i(f~) pcr.?cntum pcr .:nnum. • -
(el 1t ~s turther covenanted and aRrerd by ca~d partu, tha~ ~n the e«nt of ~.u~t bc~rtR insotuted to (orec[ose th~s m«t~ase, the Mott-
~--~a~ee shait De ent~tted to applS' at an) s~me pendin~ .u~h (ure.la+urc ,u~t to t~r .our: ha~~ng ~unsd~~t~on therco( for ~Ae appomtmem
~ o: a rece~ver of alt and smsular thc mortEaged property, :~nd oi al! rent., ~n,nm~+. Tsof~t~, ~xsue~ and rcvenuec tAereot, from shatsoe+er
soarce denvcd; and thertupoe ~t es Acreb> c~~xessly co~en~med and ageeed tha~ the frwrt chatf f~xth~~[h appo~nt .ucAreet~ver r~tA
tAe wua! pw•ers and dut~t~ uf rrce~~er, in 1~ke case.. and catid appo~,^.tu~ent ,h.L' be madc D> tAe court as a matte~ ef strict r~~ht to
the Nortp~ee, and +3thout rc(erence t:, ~ke adeQua.y ~.r inadr~ua.> o! chc ~al~e nf ~he ~ropesty Fectby m~utaa~eJ, x to the satvtncy
o: msntcer.cY' ~,f the ~tortgaaor. ,x ana ether prn deiem:..nt r~, .ucA .<nr. ih~ V~=rtg~gi.r he:eb> sre. ~(~eaU> ,?a~+rs thr nght ~n ob!tct
to tAe s;.po~ntment o( a r[ce~ccr •`ur;~a~d end h~rc~~ r~pt~..Iy .~~n.rn~. ~tat su~h •pp.~:ntmen: .hal! Ac m~de a+ ?n sdrt:Uted equ~ty
snd as a mattr. ef ~bsolu[e r~~At c~ thc tilu:tgage~ er;1 +~a! th~ ~amt m~> bc d.~n,- a~th~~at r.~;!~•c i.- ~~,rtsagor.
(f 1 I( fottc;uwre Fr~K-ed~n6s +huuW oe in~Ututed •gatn~t tT~~ propcsi~ .o~rrcd h, i~» mu~tgaRc u,7on an) uth:r hrn vr ~taim ahe[hcr
aflt~ed *n he ~upe:~.r cx ~un~or tt.e ~~cn «t tR~. n...r~g~gc, th~ titurtK~g~t m~s h~~ upt~,.n ~mmedutrl> up,n ~n.utuUUn r.( .ucA swt
o: ~lw~e~ :Ae perWency thereof declare this mrnTKa(tc ~nd thr ~nd~etrdnr,. .,c.ur~d hcreh~ 4uc and ~.a~ahlc t,~r~hv~th •nJ mav at ,c.
option proceeC to (execlose th~s m~x~Ra~e_
(~1 That tAt Wott~a~a r~!! keep ali real and pen„nal pr~•~•~y no~ ~K hcrc~fen cn~umbcted t~~ ~tc tun :yi~ m~•rtK~Re ~n~ur~d a+ ma>
~e teqatrtd lror:• tttae 'n [~me b} 1bt \U>r!~~~ec sj~:nct I.~•~ b. t~rc, ~~~nd.i~•:m and .~the: ~rierd>, .~.u.lt~r• •nd .onUnEen.~t? hr. .uch
per~oda anG i~x no: less tAan cu~h am~~unt~ a. mac M1c (QyU1ff~S h~ ~h~ \t~~~IReqcr .~n.1 , e~ pf~~m,:l~ .hcn duc •lt pr~m:ums f~x such
~n~urante. The am:.vni~ o! ~nsurar.:e rcquurd b~ :h~ \1.,ttK.iKci .h.i( na tl~c r~;n:r~~m ae~,~unt. t..r ~bnh ear~~ ~n.uranat .E~1! ~r rntten }
and ~t sh~ll '~t incu:nocnt upun thc ~Iu:t~aR~x tu rr.a~ns~~n ra.h •1Ju,un~1 in~u•an~c m~> hc rcC~..ir~ t:~ ncct •nJ ..,r,;pl~ tulty v ith ~
•1! co-~n~unnct rrquircrncnt~ cor:~a~n~d ~rt .~id pol~c:~. tn thc ~nd tRa~ th~ +a:d \t„rr~;s~„j nnt a...:n~u~ar !h~r~usdcr.lnsuran~c
shal! Ae :.tttttn hy a tampsny w.~.mpan~e~ •pptn~r! nt Jc+.Kr~~~~ A~ :Ac N~•~lg~K:t ~r~d •li tn,i:.~c~ rnd srnrril~ tAeK~,1 ~h~ll At AeW
~Y ~e N~xt~s~ee. Atl Je~a~lcd de~.~~n~u~.n, by th~ \1~ui~~g„T .h:.h uc a:icpt:~f by thc \~u:~KaRtr •nd ai; a(uermcnt~ A:taeeR\tuct~a~or
anC 41~wt~a~tc ~~:sr•n~ t,. ir~;,r~nc r. n~. .s~~~:r.R nn c~rrat•.. r m..dr. .~~II i,. ~c: ~~~it~nr ~nd .Aall Ac a;~.er! .H th~s m~Kt~a~e a~tetm~nt
s• fuily a• :F.ousA .~t inrtA yc-bahm ~~rcin •nd .h~ii «~.:~sr: •,,.i?r p~t!:r+ Arrrt.. ,.r::i tP~r~r .c.. ~.v.c. anJ ~.~~~n~. licn up~.n •nti ..f
•a~d p~hc~t• ~.1 ~nwr.r.~r ,N ut.~~n •nq rrfund ~.r ~tiuff, n:fR`3:af~~ .h~~h m~~ hr y~~•hlr .~n thc .~n.cl'.aU.•n ~crmm~t~:.n ~hc~~~~t, .Asil
At ~~vtn Ir. u:hrt •t~n ;Ac l1wIR~Kc., ~a~^t~• h~ pr.,pct ~nJ~.~.cm~n: .~!l~~:J t~r .u~h pi.L. . w::d •p(w~ncd ry ll~~~~a{~c. Fw.h p.~~tc) .,1
~nt~t~nct •Ril: A.:• •!l,a•,f i1..~~t., a.~Ln,S•rd tir. Y~•rY ~.1.•:~KuKCr ( 1~4~r •~~~.wt l~~.mr..,,.~:..n, m~?~nR •il I~r.t ,N I.•~~c~ unJc~ .u.h
p~,:~cy psYa~+t~ Ihr \S•,r~~~Rt. :i5 ~~s~r~.~~! ;..~'i appear. In thr rrcn~ ~n~. .um ..r <um. .~t m.~~n~~ be.~+ne pa~~h~c nc~~~urtd:~ th~ \1..~!.
~a~e~ •A~i! ha:• ~h~ „yrs .e ,n: .pp:. ~h~ ~ame •.n u~u~nr r:~ ~nJab~~Jete.s Ac:~n~ .o, u~:-!. ~~r p~rmr7 \!.v;~~~r,..
~n rterer~ •~d u~~ ~w •nr j•af' ~/~~r~.,l, ?:LAo41 thrrrb~. a~r.,n~ ~r .,n~.~~r1t~ anV ~qu~tv. tir-~ nt ~~~AtiunJ:f ~n.f n~ ~.~~tuf tt~~.
f11~Xt~~RC ~D t~.~^I ~..aa pffy~~.~l .1rrn~~. ~h• n•.rt•Kar•A ~.r,~~~~cf~ 'F. V..rt~w/.y ?R~i! K~s- tatu!~~.fu'~ n,•t~.~ !h~•:.•1 f.~ "~•1
, tlit {~iAlAi~~t a•-~~ S~r.~~Ra~•r m.. .r:~i~ j~~ . .t . . . . ~ e. . ,.~.f. ~ ~ '1 . •~:r ll..rt~{~K~n. ~h ..t r~-. ~ ..•f
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