HomeMy WebLinkAbout2648 PROVIDEI~, ALMA~fS. ihai if ~he \1or!~a~or shall ~ay unto the ~lo:~~arr~c lhr :ndebtrdnr~s rvidtnced M a
cetta~n prtKn~ssury nole ~~f which the E~~Uow~in~ ~n wotds and fi~urcx js a ttut copy to-~~t
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3_~1575 •QQ_~_ Nliami. Elorida Jui1e 24. 19-Z1---
fOR VAI.I~E RECE11'EU_ We, iointly ~3Ad S@V@r~~ Zx _ promisc tu pa~
t~~ th~ o~de~ ot MILTON W. LYONS
thr principa) wm of T~g~T~olt~~d Five n r d Sevenr.y Five ~c logcthcr with interr•t
` ~I~~r.~n (~om date at the rate oi trn percent, pe~ annum until maturity, both principal and interest being payable in lawful money uf
tne l'nited ~tate~ at '?.~'~1 Bi~cayne Blvd., ~liami, Florid~, or at such othe~ place u the holders hereof may designatc in writing_ ~
f'rinc~{?al and interest p~yable in installment. u follows:
Fifty-Five ($55.00) Dollars per month, for sixty (60) consecutive months
on the 15th day~of each and every month, beginning on the lSth day of ~
August, 1971, and continuing until the 15th day of August, 1976 at which ~
ti~e the balance shall become due and payable.
This note may be prepaid ir, ahole or in part after o~e year from the date hereof upon payment of a penalty equivalent
<<, five perce~t of the principal sum prepaid.
Each installment payment ~hall be c~edited Cest on the interest due. and the remainder on principal; and interesl shall thrn•-
upon ceasr upon the p~incipal w credited.
The maker~ and rndunec~ of thi~ ~ote (urther agree to waivt demand, notice of non-payment a~d pmtest, and in the event suit
.liall br brought for the collection heceo[, or the same has to be collected upon demand oE an attomey. to pay reasonable attqtney's
frr. fur making such collection.
~ Defertrd payments hercunder shai: bear intetest at the ~ste oE ten percent per annum from maturity until paid. i
7'his not~ secured by a mortgage oI even date herewith and ia to be construed and enforctd according to the laws ~'E the
~t~t~ of Florida; up±~~ de(ault in the paym~nt of principal a~dlor intere~t when due, the whole sum of principal and interest
rrmaining unpaid shali, at the option of the hoiders, become immediately, due and payable_
~ C ~ ~'A'~ (SEAL)
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~ . . (SEAL)
Pr~p~rcd by ~pKkr & Tendrich. Aaorneys - 2240 Bieeayne 81.d., Miami, F ~
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ar~d shall petiorm, cvmply with and ab?de by each and ever~~ the stipulati~ns, agreements, c~~nd~twns and cove-
nants of said prcxnissor~• note and af this deed, then this decd and the estate thereb~ created shall cease and be
null and v~id.
1. Thc ~brtgagor hereby covenaAts and agrees-
(a) To D~Y `~^t~~if D~~^:~t'i~ a^d ~nteres~ and uther sums of moaey D~)~ble b~ v~rtue ot sx~d promu~os': note anJ ~his
I'I Qeed. ir t~t~tr. ptwnptly ~ the days recpect~.rl> the came se~crally be~wnes due.
i (D) T. permet, comm~t .x suffe~ no rrsste a~d to mamu~n the ~mpro.ements at all hmes m a state of Koa1 repart and cond~auo, and to
~ do a perm~t tu be done to sa~d prem~ses nothins that ~~11 alter or cAan~e the use and chat~ctet ot sud p~opetty m~n aay +ay ~mpau or
•reakcn the se:unty o( this mort~a~t. ind ~n c~se of the retusal, ae~lect or inability of the Mortja~or to repart and ma~ntam sa~d proper-
ey, the l~lat~agee ma~, at h~s op~~m. make such repsin or cauce the same to be made, and advance moneys m that behal(.
j~ pay ati and c~n~ular the tr~es, assessm.-nts. le~~es, LaD~l~ties, and obl~ptioes ot every aatuse on ss~d Jescnbed propertp each
and e~~ery shen due and payablt accadina to law, be(are ~hry become del~npuent, and to dei~ver to the M.xtsa6ee on ~x betxe ~Iarch
lStA of each yeat ~a• receiOtc ev~denc~ns the payment of all la~fully ~mposed taxes fw the prece9~as calendar yca[: to ~ndemn~fy the
Slact~~aet upan Aes demand (a all taxes, a.sessmen~s and charses that may be s~sesscd upon thu mortpic on the ~ndtEtedness s~-
cuced hereby, ~nd pa~d Gy the rnortEa~ee. ~ithout resard to anY la+ hereto(ae enacted o~ herca(ter io Ee enacted tm~s~n~ ~ayisent ot ,
the .hole or am ~art theico( upun the A1ortE~E«-
(dl io pay all and sm`ular tAe cosu, chae~es and e~p~nses, ~nclod~ni la~ryers' tees and aAstract cocts reasa+ahl> >ncurred n: pa~d at
an~ t~me hy thc titu~:gs~et because of tht fa~lure on the patt of the Mortsa~ot to pe~form, comply ~~th and ab~de!+~ ea.h and c•e?y she
s:~,oiat~on., asr'etctnts. ccx+d:hcu~. and cuveoants ot sa~1 promtssw)' note and lh~s dted, ot ~~tAer, anJ e~er> .u~ h ~a>ment ~hall bcar
~nteres! (rnm date at the rate of tcn I10°.) per centum ~cr annum. ~
lel (t ~s [urtner covenanted and •peed by ss~d p~rt~cs ~hat ~n the evene o( a swc be~ns inst~tuted to (ixe.lose tAu m~xt~rsc, tiec \1.xt-
p~ee shalf Ae rn~~Uad ~o spply at any time pendm~ such (aeclosure su~t to the coun Aar~n~ jLCildtthon thetenf (or the appo~ntmen~
o( ~ ~«.~v~r o( all and sm~ula~ tht mw1`a~ed propetty, and of ~II ~ents, mcomea, profrts, isfues ~nd re~~enues tAecrot, f~om ~Aat~oe~cr
+ource denved, and tAe~eupaf ~t ~s hectby ezpresslr co~eaanteE •nd •veed tA~t the Court sAall fath+~tA appo~nt sucA rece:ver ~~th
the uyusl po~rerc and dut~ea of rcce~~ers ~n lite uses; anA sud appo~ntnrcnt shall bt m~de by the court ac a malte: of atrict r~~ht to '
the M~t~a~ee, and ~sthout te(erence to tAe ~dequ~cy or ~nadequacY o( We •~lue ot tAe property he~eby mort~ared, or to th~ sol•en~>
or ~nsolrency o( tAe !Arn~p~p~ or any n~her prrt~ defendant to ~uch su~l. Tht Motl~~~ot Aereby spec~hr.i~. .~~.~s ihr nEAr ~o vh~ect
~o ~hr appomtment ot ~ rece~~er sa a!we~a~d •nd hereby eapessly consen~s that ~uch •p~omtmeM shall be m~de •s an admu~ed cqu~ci
and as a ~aattc~ o( absolute :~`l+~ ~o ~he A1~rt~s~ee snd tha? the e~mc may be done w3tAout nohce to the ~Iw~{sEor. ~
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(41 Jt lMeclosurc D:nceed~nq tihould be ~nst~wted a~ains~ the proper~y cove~tE by tA~s mo~tp~t upon any other lien .x .laam whetAer
s~le~ed te be supenur or ~un~or tc. the I~en of this m~»t{~~e, tAe Mottia~ee maY h~s opuon ~mmedutely upun ~n.uwe~un of >ucA wit
M 44f/(~~ the pendency tAerco( dtclue +h~~ mwt~~~e •nd the mdebtedness ~ecured hereby due and 6~yahte !.~rtl++~th m~ may a:
ope~~ proceed tu (nrecluse tb~s mcx~~a~e.
Isl TAat tl~e ~1or~~s{~x r~ll keep sli re.i snd perscrosl p~oper~y no~ ur heresfter encumbered b~ ~he l~en of eA~s mo:~~~~e ~nsure.! as m,v
Ae requued it~xn t~mt to umt bY ~he Mort~asee apmst loss by (ut. M'~rwlstam an~1 o~her hara•ds, caswlt~e~ and i~M+tinEtna+es tnr .u.A
penads •nd ~or not less sAsn sucA amQUnts •s mar bt reQutted by tht Mons~~ee and ~o paY Drompily rhrn Sue all prem~uma t~x sucn
~niunnca TAe amawu of msw~nce reQuued by the 114w~sa~ee sA~ll be Mt mm~mum amuuo~s (cx rA~ih sud :nsunn:e sh.11 bc ~nt~en
and ~t sA~lt ne in:umber.t up~~ tAe Nort~a~.,r to a~a~r ta~n ~wh add~UOn~I ~naurance •s m~Y be ncussan to mcet and compl> lull) ~+tA
a!i .~:-iniursnce ecquirements cortsmed ~n aa~d pol~c~es ~o iht snd th~t tht ss~d Mort~a~a not ~ co-msu~or :hereunder.lnsu~ancc
s!+sil be ~n~ttn A> • c~xnp~ny or compan~t~ apptored a Qea~~na~ed by tAe Mat{a~ee •nd ~11 pol~c~es and ~eneWal. iAerco( .A~1: ne Ae!.l
AY the ~1o~~pscc. All det~~lcd Je+~=n~t~ona br the Me+rt`~tM Wh~cA ~re ac~epttQ by the Mor~p~ec •nd ali asrcement~ betrc~n Nort~~~or
•r.d Murtsa~ee ~N~tm~ to ~nsur~nce. nor eushn~ ~ herc~fter p~de. ,r.au ye ~n .nun~ •nd shall be s pu~ o( ~Au mrxt~ta~e •~recmcn~
as Iu1ty •s ~hor~A se+ f«th •e~b~t~rs Atre~n and shali ~orere Do1h p~rut• Aereeo •nd ~he~r succe~sors and as~~~e~. I`v lecn ..~.on •n> nl
sud pcd~c~~• of msuranct or u~on anY r~(und or r~wrn pemiwn ~h~ch rn~y be p~y~ble on ihe unce:laUon a termina~.on tAneot, .A~li
bt ~~ren ~o uther ~han ~At Matp~ee. eacept Dy proper ~ndoneieent •lfucd tu •uch policy ~nJ ~ppto~ed by Alwt~~~ce. f.~~A p.•In? .~t
~nwr~nce sh~li h~ve a(t~acd t~ereto • S!~nd~rd Ve~ Y~vk !Nortp~ee Cl~use rnthu~t Con~nbu~~on, m~k~n~ att :o+a ~K ta.s~c. under .u.t+
po1~cY paY~bl~ lo IAe Nurtp~t• a• ~~a m~er~st maY •Dpe~r. lo tht tvent ~ny swn w+wns ol moncy bec~r.ne paYaAlc tAerevnJrr tAe il.,.:_ '
~a{ct shal! ~~~c tAc .~pt~on ~o rece~~~ and apph tht ~~mt on ucount ol ~h~ ~ndeb[edness'1+r+sLa_.•~•urcd. ur an pe~m~~ ~Ar ~I~•r~~aK~,•
to rc~eirc •nd u~e a sny psrt Ihacul, r~t~o.,l tAc~ebr +r~~~~n~ or ~mps~ne~ .nv-~~u~ty, 1•rn. u~ n~~t unS~r and .u~yr ~r~.
nrx~~a~e_ In c.~n~ 0/ loss ~w phru~~l d~ma~~ t~. ih~ mor:~.~~•! pop~u~ the Mw~~~~w sA~ll ~~~c ~m~r.aJ~~« ~~~t~.c ~nr.c.,t n.
~A. Mri~~s{c? •r~.I +1.. ti1.N~R~/rr m~~ mak~ pr:.~•! ..t iA~ .an~~ nnt m~dc p:vmptlti h.~'ht \;,~r R~R..~. (n crc•.a ,•r t+~. I:••.~.~r •
1~3 2645
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