HomeMy WebLinkAbout2525 ~ . .
f'RQVIDEn, ALWAYS, that if the ~k~rtga`a~ shall pa~• unto the \k~rt~agrt thr ~ndebtedness cviJenccd bv e
certa~n pnxnissucy ~ote ~~t which the IoUuwing i~ worJs and figures a ttua c~py to-w~t. '
~a~~t~~ ~Z~ ~ ~
s. _6250~00 - • l1U.m~, Ftorid~_ June 26, 19 71 ~
3
FOR VAt.UE RfC~iVED We~ 3ointly and severall~ prom;x co µ,y ~
t~~ tl~e orde~ul~$~~QRj~I$TEIN_AND NATALIE HORNSTEIN~ HIS WIFE,
th~ princi~ ~,n~ ot~~pusand~wo_Hund ' n
y~p~],_~_____ UOI.I.AItS~ together with intere3t
tl~r~ru [n~m date at the nte o[ te~ percrnt, per annum until maturity, both principal :nd interest being payable in law[ul money.o(
tl~c Un ed Statcs at ~2~W Bi:caync Blvd., ~liami, Flotida, o~ at su~h other place as the holde~ hcreo[ may d~ignatc in Mriting.
Princip and inte~est pay able in installments as follows:
One-Hundred Thirt.y ($130.00) Dollars per month, beginning on the 15th ~ ;
day of August, 1971 and con~inuing on the 15th day of each and every ;
month thereafter~vntil paid in fuZl.
This note may be p~epaid in v~•hole or in part after one yeac from the date hereof upan payment of a penalty equivatent
to fi~•e percent of the principal sum prepaid. ~
Each irwtallment paya~ent shati t,e ccedited fisst on the interest due, and the remainder on principal; and interect shal) tl~rrr•
upon ceax upon the principal so credited.
The makers a~d endoners of /E~is note further ati,•rce to waive demand, notice of non-payment a~d Pcutest, and in the event suit
~hall be brought for the co!lectiort herro[, or the same has to be coUected upon demand of an attorney. to pay reasonable atto ney's
~ fer. for making such collection.
De[erred pay ments hereunder sh~ll bear interest at 1he rate of ten percent p~r an~um from maturity until paid.
This ~ote is secuted by a mortgage~of even date hetewith and is to be coastrued and enforced according to lhe law~s f the -
~ta;r of ftorida; upon default in the payment of principal andlor interest when due, the whole ~m oi pri~cipal and iriterest
! remaining unpaid ~hall, at the option of the holders, become immediatdy due and payaWe. ~
~ t~
,
` ~~«~-~-c 1: <«~1...~{SEaL)
~
;-lP.~.~ ~,~,._~~~~f~s~:Ar~ ~
Pr~pared by Spieler & Tendrieh, Attorneys - 2240 Biscayne B1rd., 1`ia :Flarida S
9
and shal! pzrform, corcply w~~th and ab~de h~• ~ach and eti~en• the st~pulaUons, agreements, conditians and cove- ~
nants of said promissory note and .~f th~s deed, there this Jeed arnl the estate thereby rreated shall ceas~ and be
null and ~oid.
1. The Mortgagor hereb~ co~enants and agrees~ ~
(al Tu pay all and smsular the princ~pal and intcrrs~ and other sum. o( rrouncy' payablr M• v~rtue of sa~d prumissoty nute and th~s
detd, a either, pomptly m the days respecueely the ..,mr ~c~erally bec~~mc. duc_ -
(b) To petmit, comm~t o~ suffor no ras;e a~d t~ ma~ntain thr ~mpru•rmeats at •It t~mes ~n a state of 6oa1 repair and cond~han, and to
do or perm~t to be Sone to said premises ooth~ng that r~11 altcr ur change thr usr lno-ibar~cter ot said pro{xr:~ ex i~ any ti~ay ~mpa~r or
~reaten the secunty of th~s mortsa~e. And tn case o( the rciu;al, negleet eu ~nais~hty a( the'blortaa6or to renau and mainu~n s~id proper-
ty, the lNort~Eee may, at h~s upt~on, make ~uch repa~rs or cauce the same to be made, and advance moneys ~n that behalf.
ic) To pay all and c~n`ulat tht ta~es, assessments, ie~~e~, I~aD~i~tiec, and oblipuons of every nature o~ sa~d descti~ed property each ~
ae?d evety `hen due and payabte ucord~ns to lar, be(ore thcy becAme de6nQut..t, and r•~ del~ver to t6e Afott~aaet o~ or before March ~
ISth o( eacd year tix rcct~pts eri~lennna the pa~ment .•f all I~rfully impose.f taacs t.x the preced~n~ caiendar year, to ~ndemaify tht
M«t6a~ee up.M? his demand for all ta~es, a~sescmcnt~ an.i ah•rges :hat may be assessed utrno th~a mortaaEr on the indebtedness s~- ~
curcd Aereby, artd paid by the matEa6ee, v~tthout rcRard to any [~w Aerctofore c~acted .x AereaRc. :a be enaated ~mposms ~ayment o: ?
the ~hole or sny ..art thcreof upoo the ~l1~rtR~R«-
. ~
(d) To pay all and s~neular thc co~t~, :Aar~es ~nd eapences, mclud~nE I~ayers' fer..and at+stract costs rcasonably incu~red ~x paid at
any hme Dy tEc ~IortEa6ee because of the fa~{ure ~ut the part o[ the ~fortEa~or to perfwm, compl~ ~~uh and ah~de ~iy each and every thc
shpulauons, asreemt~ts, con~t~t~uns and co~ertanu uf ~a~Q pr~vniss~.r~ n~te ~nd th~s dead, or euher, and e~ery such~payment shall be~r
:nteresc from date at che rste of ~cn ~ 10".1 pec :entum pe~ ennum. -
(e) (t ~s furtAer cover.ansed and a6reed by sa~d part~es that ~n thr evem o( a su~t be~nE ~nsUtuted to tweclose th~s ~nortsa`e, the Ma1-
p~ee sAall be ent~tled to apply at any t~me pend~ns such foreclasure .u~l to the cvurt hav~nj ~ur~sd~chan thereo( frr ehe appoiatment
of a receiver of all and sinsulu the mcxtassed propeny, and oi ~11 rer.t~, mccwnes, profits, ~ssuts and rerenues thereot, fro~ ~hatsoever
source denred, and th~roupon ~t ~s hr.cby eipressly covenantrd and asrced that ihe Cuurt shaA forthr~tA appo~Rt such rece~vec ~auh s
the usual poWera and duues oi rcce~rer~ ~n I~te casc~: and said appann~mcnt sh~ll be made by the court as a mstter of stntt n~At to ~
the Natjasee, and v~thout reterence to tht adequacy o~ inadequuy of the ~•alue of the prnpeny hereby m.~r[`a6ed, ~+r to tAe sohency ~
or ~nsolvency of ~h~ Nortp~ors or any nther party defenilint tu ~urA ~u~t. The \lortaa6ix hereb~~ ~peca(~cally va~res the r~~ht t~ ob~ect
~o the appom~enent of a receivcr as a(exesaid and h~rebv cRprc~sly a+mcrnlc t}iat tiu:h ~ppointment .ha11 be made ac an admrtted eyu~ty
snd as a rnattor of absoiuce n6h[ to the \1.xtgagec and that the .amc m~y br doee withi.ut n~,tice to the ~IottsaQor_
(t) I( [oreclosure pr.xetd~n~s shuuld Dt ~nst~wted aga~nst thc prapcr~y ~o~crcd by thu mott~age upon am uther hen ~t cl~~m ~rbcthcr
aile~ed to be supenor or ~umor to the hen ot th~~ mnreg~ge, :hc \1~•r~g~ge~ ma~ et h~. opt~on ~mmedutcty upun in.cuut~.rn ot suck su~e
or durm~ ~h~ ,-r[ndency thneof d~clarc this mor~gage ar.d the ~rnlehtcdnr.. .e~ured l~ereh~ du~ an1 pa)able t.Kth~ruA •nd may at ~tc
opt~on proceed to toreclo~e this mo~~~a~e. .
That [he \1«tsa~or y~ll kecp all real and ptn~•na! p~uperty nor ia Rcre~hcr en~umbrrrd 1+> thc Lcn ut :hu ma:tg~~e ~n~ured •s mav
be teQuutd itom hme to utpe dy tAe Atuet~a~ee a~a~nst fus~ by iite, win.f.t~Km ~nd other h~ucJs, c~.oii:+c~ +nd armUO~tnc~es (ut cuah
penods ~nd Iot not {es~ lban swh amuunts,as m~y Ac rcywr~d hy thc \1~xt6~~ec 1nd tu p~~ prompt!> ?hen duc aif prrm~uma tot sucA
~nsutante. The amounts ot ~nsurance rcyu~red by thr ~1ur~Kagrr .halt bc thc mm~mum am.~umc [~~r rAnh ~a~d innurance ~hal( be wntten ~
and ~t shall Ae mcumbent upon the Moct~a6a to mamta~n such add~e~mal msurance u may A~ ne.r.~~n to meet and ..unpiy tully r~th ~
sll co-~nsurance reqwrements ~onfa~neJ ~n ta~d polu~~. tn tAe end ~h.t +he .a~~ ~t<x~F~scx no~ a.~•_~n.uror ~h-~cunder.lnxurance
shsll be ,rntten Ay a company ex ~umpsn~cs •pptarcd a dc.agna~~d n~ tnc V~Ktd~gee ~n.i •ii puiic~~~ and roncr~~. th.~rco: ahaR ~e helJ
by the ~Iort~ajec. Alt de4ded dcs~6naiior+. by thc AtortE~~eut ~~h~.h ,rc ~..apird oy thc ~fo:taaatc and all ~~teemcnt~ net~cen ~Iwt~~~ot ~Q
and IAott~a{ee relahn~ to ~nxuranic, nuW ea~.,un6 hercattrr made, .h•Ii b~ ~n ,.r~t~ns ?nJ ,ba1i A~ • p~rs ~d ~h~s mortsa~t a~reement ~
as tully a+ thou6lt ~et (rxth verbahm hernn and sA~ll ~~~~c~n ~nth ~~rt~c> hcrctu •ud th~ir >w. e.~~.r+ and a.~~~{ns, ti.+ I~cn upax~ any o/
~std pol~ut~ ~d rn~uranc~ ~x upon ~ny ~CIYRf~ ~x rcturr. ptem~um rh~ch may be p~YaMe ~~n ~he csnctlt~ti..n .rr ;ermtin~Uon ~Aereof, chall
Dt pren to othcr than the Natga/ee. cRaept by Mopcr ~nd~~i.~mcnt •11~uA t.r .wh iN,i~cr •nJ appo~eS A~ ?1txt~st~r. Facb p.rl~a~ ~
~nswsnce Rh~11 ha~c att~acd ~hcrcto ~ SI~O~:~IS ~fM York 11~~r.~~Rrc (+a~.~ a~th~.ut ('nn!nAu~~.~n, m~k~o~ all 1~>.. ~.r l~..~c+ unJct w.h
poticy paYaA1~ tn tAe ttottsase~ a~ :t~ ~n~cr, et maY +DDtar. 1~ thc _ vent am .um ~.r cum4 ,d mun~> De~..r~t pay~D~c ~hc~cunJcr tAe \twt-
~s~ee ~hsll hsre ~he optux~ to t~ari,~~ .n.f .ppl~ the ~~m~ iM a~coun~ ut ~h~ ~ndebtcdnc,. hrrch~ .c.u~cd, u• t~, prrrt ~t the ~{on~aR~r
lo ttctivt and us~ ~t, .w anY p+rt tAc•c.d, «irR~~ur Ih~rrh~ ae~~~rrR ~mp~~nn~ ~n~ r~~~:y. ~~P. u~ t~t undrr ~nd !+y rlftYC nt th~~
~brXt~a~l. IO tvenl .ri los• ur ~y~~i el damaRc t„ th~ m~.rtR.K~d {x~~p~~t: th~ ~1ottRaR.~r .Aall R~~c ~mmcJ~~~c n..h. c Nc~t~+l h~ ~v~1 t.•
t11t ti1~x~ta~et • 1) IAc ~kjI1R~11~• me~' rn~k~ M~~..! ..I i~ ~h: .am~ n~~t •n~J~ pr.~mpi{~ n~ :hc ~I,.tIt~K~x. In t'~. f:t !~wc~ i~..~~'~ nF
goo~ ly~ ~5~3 ~