HomeMy WebLinkAbout2522 ~ . . . ,
, -
PRJVIDEII, ALW/IYS, that ~f the ~kitt~:~~or shall pYy unto the \brts~~ee 1he ~nJebttdntss eviJencrd by a
certa~n pt~wn~ss~xy nute of wh~ch the folluv?~n~ in.words snd fi:u~cs ~s s true cupy to-v?it
C
~4~~ •
S 3350.00 _ . t~fi.m~, f'la~dz June 26 ~971
FOR VALUE R£CFI~'El~ ~1e,__~_ointlv and several lv prom~~e to pay
~he orde~ ot FANNIE SCHNER '
th~ p~incipal ~um o[~~2r.~t~Sand Thre~ N~mdre Fi ` ~O1.LARS, togethe~ with intere.t
h~rcun (nrm date at the nte of :en percent, pe~ annum until maturity, both principal and interest being payabl~ in IaM(ul moncy u(
l•'~ited ~tates at '.'.2~~ Bi.:caynr Bl~d., \liarni, Flo~ida, o~ at such othe~ place u the holders hereoi may designate in w~iting. ~
~ncipal and interr~t payable in in3tallmen~~ as follows:
i
Fifty ($50.00) Dollars per month, for sixty (60) eonsecutive months, ~
on the 15th day of each and every month, beginning on the LSth day ;
of August, 1971 and continuing until the lSth day of August, 1976, `
at which time the h.alance shall become due and payable.
This note may be prepaid in v?hole or in put afte~ one yeu from the date heteof upon payment of a penalty equiv:lent
tu five petcent of the principal sum prepaid. '
fach installment pa~ ment shall be crcdited first u~ the interest due, an~ the remainder on principal; and interest shall t ~r-
upon reasr upon the principal so credited.
The makers and rndorsen ~?f this note turther a~gree to waive demand, notice of non-payment and protest, and in thc event it
.{~~11 br bnwght for the collrction hereo[, or thr same has to be collected upon demand ot an attorney. to pay reasonable attorn y'x
frr~ fu~ makir~g such collection. '
De(erred payments herrunder shail bear inte~t at the rate of ten percent per annum [rom maturity until paid.
~ 7'his note is ~ecurcd br a mortgage of even date herewith and is to be construed and enforced according to the IaMS of th~
~at~ of Florida; upon default in the payment of principd andlor interest when due, the vrhole sum of principal and interest
maining unpaid shnll, at the option of the holdera, become immediate ~/.due d payable.
y tti,~lu.~,~ _-7 ~sea~~
. . C,~ ' .:i ~ ~ lS~b~-
' :~~11I~~?! _ -(SEAL) - 1
Prepued bY Spieler 6c Tendrieh, A~~orneys - 2240 Bisea~rne Bl.d., M~im~Ctida
~
ar~d shall ~s~Tiorm, comply w~th and ab~de by tach and every the stipulations, agreem.nts, condetions and cove- ~
nants of said promissory note and of this decd, then this deed and the estate thereby created shall cease and be ~
null and .oid.
1. The !lfortgagor hereby covenants and agrees:
io pay al; and ~~a~ular tht t+r~nc~pal and ~n:crest and otAer sums o~ money payable by v~:tue of sa~d prom~asory note and th~s
deed, ur e~tAer. pranptly .x~ the days re~pect~reiy the same sererally becanes due.
Ibl To pe~mu, caom~t .x su(fet no +astr a~d to ma~m~m the ~mprovements at all Le~cs m a shtt of {ood reD+u and cond~u.m, anS to
do or perm~t to be dt+ne to s~~d prem~ses noth~n~ tA~t r~ll alter or chan~e U?e use and character of sa:d property o: .n any v.ay ~mpau or -
reaken the stcuruy o( th~s mort~a~e. 4nd ~n use of tAe re(usal, ne~lect oc mab~luy of the Mo~tp~or to repau and ma~nta~n sald prope*-
ty, the 111ort~sset may, ri h~s opt~m. make suc~epaus a c:usc the same to be made, and sdrance moneys m that behalt.
Ic1 To paY all and s~at~lu Ne taxes: assessments. Ic~ces. 1?abiluies, and obl~i~i~ons of erery nature on aa~d descnbed property euh ~
and erery .hen dnc and ps)able accotdin~ to lar, bef.xe they Secotne delinqnent, aod to dcl~vcr to tbe Mwtpsee o~ or Dc(o~e MarcA ~
131h ot e~.A year ta• reee~pls l~~dlOCtO~ tht paYment of all b.tulty imposed h=e~ for the pece6~ns calendar year, to indemn~fy the
Yorti~~ee upon his demand for ali taxes, •ssessmems sewi cAar~es that msy be assessed upon th~s mort~a~e on the ~rtdebtedness s•-
cured heresy, aod pa~d ~y the mat~a~ee, N~ihuut re~ard [o any la~r herelo(ore enacted a Aezeattu to be enacted ~mposin~ nayioent o!
iAe rhole or an~ ~an ~hereof upoe ihe Morta~~ee.
(dl To pay afl snd s~n~ulu tne costs, chsrses and eapenats. mdudm~ la~rytrs' fees and absuaet costs reasmabl~- mcusred M pa~d at
•n~ t~me h~ thc M.xrEa~ee because ot tht (a~lure oe the patt ot the MortE~aor to petterm, cooply ~~th and ab~de b~ e~.h and e~en the
shpulat~ons. •Rreeenents, cond~t~oe?~ and coven~nts o( ss~d pum~ssay notr and this deed, ot e~~htr, and ese!: such~pa>ment cAall ~sr
~n~r.est trwn dau a+ tAe tate of ten IIOSI per ceniws per annum. _
(e1 It u fwther coyenanted and s~reed by sa~d parpes that ~n tht evrnt ot a su~t be~n~ ~nstituted to forcrlose tA~s mi+rt~~~t, the ~fort-
sa~ee shsll be enhtted to apply at any t~me peed~ns sucA foreeloswe ~uit to ~he court hav~ns jurisd~c~~on tkereof fa the appo~ntmen~
of ~ rece~ver of all and a~n~ular tAe ~ort~a~eJ propetty, and o( aU rents. ~ecaees. proh~s. ~ssues and re~enues thereot. (rom .ha~soc.cr
source denred: and thercepon it ~a hereby eayreasly coven~nttd sad ~peed ehat We Cwrt shall forthr~tA ~ppo~ot such :ece?ver +~th
tlie uswl porers snd duues o( recei•ers :n I~te c~sra, anA s~~d appointment shall be made by tAc court as a matter of stric~ ri~At to
tAe 11o~~ta~te, snd ~~thoat reference to the ~dtquacy a in~dcQuacr ot the ~~lue ot tAe p~operty herebY mort~a~ed, or to the solvency _
or snaol•ency of tAe Nor[~a~ors or any odeer par~y defendant to sucA su~t. Tht Mort~a~a herety spec~fte~11Y ~+~~~s the r:~At ~o obtect
:o t6e •ppo~atment of a re:e~v~r as a(oresaid •nd hereby eapresalr consents ts~t sYeh •ppo~ntment sh~11 be made as an ~dm~eted cqu~ty ~
an~ as a autter of sbaolute n~t to thc Mcwt~a~ee and ths~ the s~se may ~e done ~ruhout not~ce [o the Nor~~s~or.
- (f) )f (o~eclosure proceedmp shuuld be insuweed •a~~nst the prope~ty co.ered by th~s morts~~e upon any o~her I~en w ct~~m ,.hether
stte~ed io Re super~or or ~YO~ar !o ~be t~en o( this aort~~~e, the ~lon~a~ee ~aaY S~s option ~mmeduttly upon ~n~t~tut~on of ~ucA su~[
a dur~~~ tht pende~cr tAereof decl~re tA~s a+a~n~~~e and tAe ~etdebtedness secered hereby due ar.d p~yabic t~xthr~th and m~y at ~
option prxted ~o taeclost th~a mortsa~e. -
3
TA~t H~e 1Aor~p~a +~~ll keep all re~l ~nd personsl ptopertr aow a hete~[tet encumbered Ay the 1~tn oI t~~s mo•t~a~e mwred ~s m~y ~
bt tt~u~reQ from ~unt to tuee by tht Mort~s~et asa~nst lois by fue, r~ndstacm aed other Asurds, caswlt~ta and .onun{enc~es t~.r .uch
per~ods and ta not leas than s_ch •soun~i ~s ay be requued py ~he Mw~~~~ee and to p~y proaptlY +~hen due all pem~ums t« such ~
~ns~r~nce. The an~ounts of inau~anc!'reQueed by tAe llwt~~see sb1l be the m~n~sum ~moun~s for .•h~ch s~?d ~nswance ah~ll be r:~tten ~
snd ~t shaH be ~ncusbent upon tht Mertsa~or to ma~at~m such add~t?onal ~nsurance as may be nccrs~sry to mcet and comply (ully r~th ~
all co-~nsurance requ~remedt• coata~ned in ss~d pol~c~es to ths eed tlut the sa~d Matt~~or ~s not s co-~nsurw thercunder.lnsurance
sAa1: be rntten Ey a coaspaaY or campaa~es sppra~ed ar des~~nsted by [Ae l~Ao~tsaste and ~ll ?eIlc:es :nd rener~ls thereoS ,ha11 be he!d ;
~ Ay the MatN~ee. All deuifed des~~n~t~ons by tht Mort~~Lor ,.A~ch ~re •ccepted ey the ~lort~s~ee snd all asreemen~s betaeen b1wt~~Ea ~
+nd fMoruaaee rel~t~nj i~ ~niur~nce, nor ta~st~n~ w here~fter m~de, •hall be ~e ~rnt~n~ •nd sA~ll De s part ot ~h~s n+«~~a~e s~reemenc
as (ullr as •houN s~~ iorth rerb~cue httt~n and sha11 {overn botA pat[~es Aere[o ~nd their ~uccesiors and aas~~ns. No I~cn upon ~ny uf ,
s~~d pol~c~t+ of insu~ar~ct or ~pan ~nr *tlund or retum pr:m~us~ rA~~A ssy !~r ;.~Yablt on the c~ncell~t~on ot tetnnn~hon ~hueof, shail
be ~~ren to otAcr ~han the Mort~a~ee. escep~ br proper ~ndorsewent d(i:ed to such pol~cy and ~Pprortd by llAortq~te. E~cA pol~~y ol
~asnr~nce eA~ll Asse ~ff:aed tAere~o • Stsnd~rd Ner Yak 1~Iortq{ee Clawe ~~thout Coeu~Duuon. ~nak~ni all loas ~ losses under ,ucA
pohcY p~r~ble ~o ~he ~Aortp~ee ss ~ts ~nie~e~~ may a~tar. In t1~s trtat ~nv swe or swns ef moneY becaa~t pay~pte ~AeuunOer the ~t~xt.
~a~et sAall have the nphoes ~o rece~•e srtil sppty the s~~e on ~ceount of fhe mdtDtedness Acreby ucured. or ta perm~t the ~toct~~~o~
ro rece~rt and ~ss ~t. a•ny part Mtreol. ~nnou~ cAerebr •~iv~a~ a~ ~mpnr~n~ anr eQu~~Y. lien, or r~~h! un.ie~ and ny v~tcuc of tA~.
wa~~a~t. In c~ent o( Iws o• phys~c~l J~ma~e to the mat~ajed prop«ty tAe M~x~~~~or shs!1 ~~ve imme~'.~~e~no~y,- thereol b> T•~I e.~
the ~lat~a{ee ..n.1 rA~ ~IoHR~E~e m~Y mtte M~~~~f fo„ it ~A~ aame nm ~naJe pwmp~l~ b~ thc V:•r;E~K~x. I~ ~1ro' ~d ~~~r~.l,~.urc ••f ~
. ~ ~ 1y~3 252~1 '
. 800K