HomeMy WebLinkAbout0136 NROVI[)H.1), ALW'AYS, that ~f the ~iurtgagor shall pa~ unto the ~Mrtgagte the ~ndebtedness rviden~~d b>•
ct[ta~n promissury note of which the following in wc~rds and figutes is a trut ,:opy tu-vr~t~ '
y
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g 2050.00 ~t~~~~?~, t'~~~~d~e~tember 16 71_
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F~?ft ~~a~.~'E RE~E:I~~F:U___ ______We,_jointly and severelly
promi~r tu pa~
~E~r ~~,~r< <?r MIAIAI`t _K~RSCH_
- -
- -
~ thrp~~mi~~rl~uuiuf __TWO Thousand Fift and RO 1~0 -
U~I.L:~F~~, tog~ther w~th intrrr~t
lhrnun frum datr at thr ratr uf trn Prrc~nt, pnr a~num until maturity, buth principal and intrrest bring payabie in la~ful rnunr~ ~f
th~ l.oitrd ~tatr. al '_'~-~~1~fii~caynr Bhd., ~liami, Flo~ida, or at ~uch uther place a: the holdets hereo[ ma~• de.ignate in wr:tin~.
~Principal and interr~t pa~ahk in in~talln?ent: as lullow;:
Forty-Five ($45.04) Dollars per month, beginning on the 15th day
of November, 1971, and continuing on the lSth day of each and
evFry month ther~after until gzid in full.
Th~s note may be prepaid ~n ahole or in part alter one pear from the datt hereof upon payment of a penalty equivalent
~u five perce~t of the princ~pal suro Rrepaid.
Ex~h in~tallrnrnt pa~ mrnt -haH br rreditrd Gnt u~ thr inter~st du~, and thr remairtder on principal; and inter~~t ~hal) thrrc-
upun cra.r uF~un thr principal ~u ctrditrd.
Thr mak~n and rndonrn uf thi. nutr further a~rre ta wai~•e demand, notice of nun•pa} m~nt and protest, and in the event :uil
~liall br bruiight fot thr collectiun herru(, or thr ,am~ ha.~ to be collected upon demand of an attorney, to pay reasonable attorney's
frr. fur making wch ~•ollrction.
U~frr~rd payment• hereunder ~hall bear interr:t at the nte of ten perce~t per annum from maturity until paid.
t 7~hi: note is :ecur~d by a mortga~e o[ eren datr h~rewith and is to be construed and enforced according to the lar.~s of the
at~ of Florida; upon drfault in the payment of principal and~or interest when due, the whole sum of principa) and int~rest -
ining unpaid ~hall, at the option o( th~ holden, become immediately due and papa~le. ~
,~~1•~c~l~- < < _ ~ . ~ , (SEAL)
~ ; ~ . ; (SEAL)
Prep~rrd b~ ~pKlrr.4. T~ndnch. Attomty~ - 22~30 Buuyne Blyd., ~1umi, ~ida
an.l shall prrf~rm, cumpl~ a~th and ab~de by each and evety the stipulat~ans, agreements, conditions and cu~•e-
nant~ «f sa~d pr~~missor~~ r~te and ~~f this deed, then this deed and the estate thereb~~ created shall cease and be
null and cu~d_
1. The ~tortgagor hereby co~~enants and agrees:
la) To pa>' al; and ~rngular the princ~pal and intt~cst and o:her +ums n( maney payable by vutue of sa~d prom~ssory note and th~s
deed, ur e~iher, pcumptly on ehr Jays respecu~cl)' the .eme .e~crally' hecumes due.
~ (hl To perm~t, .ommu or suffer no ~aste a~d to ma~neain thr ~mpro.cments at ail t~mcs m a state of go~~ rcpav and cord~t~on, and to
~ do ur pcrm~t to be done ~o snd prem~ses nothine that ~~ti aittr or chan~e the use and character of sa~d property or m any ~aay ~mpa~r or ,
~caken the ce.unty oi th~s murqase. And ~n case o! the rcfu.al, ne~lect or mab~l~ty of the Mort{a~or to repau and ma~nta~n sa~d proper-
t~, rhe ~1.xtgaRee ms), at h~s ophon, make such repaus or cruse the same to be made, and advance money~ m that behalt.
(.1 To pay all and s~neular the taxes, a~ses+menes, le~ies. I~abilttirs, and oEl~eat~ons o( every nature on sa~d descc~bed propert} each
anJ «ery ~hrn due and pa>able accordins to lau, ~et.xc they be:ome dei~nqu~..t, and to dtliver to [he Mortgagtt on or be(ore Mareh
ISth ot each yeer taa rece~pt~ e~iden.~ng che pa~mrn~ ot al! IaMfuily ~mposed taxes for the prcced~ns eslendar year, [o ~ndemndy the
\Ixtgascr uM~n his demand for all taxes, a.sec~ment~ and charRrs that may be assessed upon tAis mortea6c on the ~ndebtedness s•-
cuetd t~r.eb>', and pa~d by thc m~wtgagcc. ~~eh,w rcR~rd ro am iax herctuf~e cn~cted w he:cafter to be enarted impus~na ~a>'ment o: F
thc ~ahole or any ~art thereof upon t~e \1ort~eagee.
(d) Tu pa) ali and singuiar thc :oats. .Aargec and ~.~+:r.~cs, ~ncludin6 lawyers' (ees and abstract :osts reasonably ~ncurred ~~r pa~d a[
am r~m~ bc thr \t~xt~agce oera...e ut [he failurc on the par~ of thc No:tga~or to perform, comply r~[h and ab~de Dy each and c~er~ ehe
;~ipula::ons, agreemcn[s, :ond~t~ons and ~ovenants of sa~d pr~.m~ssnr~ nete and th~s deed, or ~ithtr, and every sucA paya+ent chal: bear '
~ntcrest (~om datr a! the rate uf trr UD`~3 pcr .entum ~x~ annum.
(cl It ~s (ur!her co~cnanted and a6rced by sa~d pathes that in the e~'en~ of a swt be~n~ ~nsutated to foreclose th~s mort~aEe, tht ~Ior~-
sa{ee ahrlf ne ene~tled to appl> at an~ time pend~ng such toreclosure suet to che court har~n~ ~ur~sd~ct:on thereo! fo~ ~1fe appo~n~men~
ot a:ece~.er ot all rnd ~insular the m~,t~gag~a ~~.~a«y, and oi a11 re~t,. ~ncomes, profits, ~ssues and revenues thereof, from ~hatsoe.cr
~..urcr d~n~ed, and ~hereupon ~c hereF> e:~ressl>• iorenanted and a6rced that the Court shall forthw~th •ppomt such rece~~e: ruh
the uswl puwers and duhe~ u! r~cci~era ~n like cases and sa~d appointment sh~li be made by :he court as a matter of stnct n~ht tu r
the N~rt~a6e~, and w~thout rc(rrence ~o the adr~uac~ ~~r inadtquacy u( ehe value of the property hereby murt6a~ed, cx to the +ol.en.y
nr in,ol~ency of the ~f~~rt~agcx> ur any o~her part~ Jttendant tu su.h su~t. Tht Nort~a~or hereby spec~(ically ~~~.e~ lh~ r:ght te ob!~ct
to thc appointmcnt o( a rece~~r a. afurrsa~d and hrfeh~ rxpr~csly c~+n~tnts that such appo~ntment shal~ be made as an •dm~tted equ~ty
and a. a maste: ot ab.~~lute ngh! to thc \lortgagee and ;hat thc same may' be cione Y~thout nohct tn the \~or~sagor.
Ifl IF forc:!n.u~t prn:eedings <h~~uld ~e inctituted aga~nst the property co.ered by th~s mort~a~e upun anY other lien ~x ~:a~m ~n:thcr
aii~~~d tn b~ .upenor ot ~un~or thc '.sen uf th~s mixtgage, :he Mortg~gee ma~ at h~s opUOn immed~~tel> upon :n.t~tutivn nf ~ucR wit
~x dunnr tht penuency thereot drelarc tht. mor.gage and tht ~ndebtedness serured hereby due and pa}able t•,rthwith anJ msv a: ~t~
upt~on prcuted tn fore.lo~e th~s mortgeEe.
(sl That thc S1~,rtgaRer uil! kecp all rcal and perc~mai pt~~per[} no~ ex hcre~ftrr en:umbered by thc lien ot ch~~ mnr!~ase ~n~ured as mav
be reyu~r~d ;;nm t~me !u teme h~ the \Surtdagec again.? lo+s b~ l~re. •.~~nJ,~o~m and other hat~rds, ca.ualue~ and .ont~nEen.irs .u~h
p~nods and t~x not lcs~ than ~uch amounts as ma} be rcqu~rcd bq thc \Iort~a~tec and tu pay promptl~ ahen duc atl prcm:ums t~x s~~h
in.uranie. The amuunts of insur~nce re~u~rcd h> the ~lortgager +hal! ne thr min~mum amuuntc (~x ahich ~a~d ~nsu:ance shall he antten
and ~t shaU be m:umbent upon thc \loceg~gur to maintim such add~ti.x~ai ~nsuranct as may be nc:e~san tu mtet anJ :ompl~ tutly +ith
•11 co-~nsur~nct reyuuements contained ~n ~aid ~x~lu~e~ t~~ the end that the ~aid \1oTtga~or ~s not a co-insu~or thercunder.lr.~uun~e
.h~ll he wntten h~ a..mpany or ..~mpan~c~ •~+prn~~d or dc.~gnated h~ tht N~•rtgaaee and all po~~e~es and renewal~ thereoi tiAalt he hetJ -
~y the Muittagcc. A!~ deta~ied d~c~gnat~on. by the M~x~6agor +h~ch are acccpte6 by Ut !11ort`a~ee snd •I1 aarccmcnts bet+een \lu:t~agor
and Nort~aaec re;a;,nE to ~nsuranir, nnw ca~shng on c~rcaitrr made, sh~i1 b~ ~n ~ntin~ and shall ~e a p~rt o( th~s most~age a~recment {
a~ tully a~ ~h~~ug!~ ..r[ t~rth verhat~m herc~n and sha?I g~~~ern both part~e. hereto and tAetr successors ~nd ass~~n+. \o l:en upon any ~~f i
sa~d ~x~l~c~t~ ~f :n.uren.e or upor~ any rrlund nr rcwrr prem~um rh~.A m~y ht payable on IAe canctllat~on or term~nation tharenf, ,ha!S ~
bt `~~en to n:hcr than t~c ~tatgaEcc, c~.e,t h~ pro~er ~ad~~;~cment sffised to su.h po~~cy and appto~ed by \t~xt~a~e~. F`a.~ p••i:.~ ~~t ~
~nsurance shalt ho•r •tfned tArctn a~tandard Ncw }'„rk Vor!gaEtt (~!ause v~ithuut Cuntnbut~on, maicinb atl lo~. ~•r tn~ce. ~ndr ~u.h ~
D~~~~~Y Da>anle >he ~tort~a~er e~ ~t~ ~n~ecrct map appear. In the event anc sum or sums o( money 5e..xne pay~~b:c th~scunder th~ V~~~!- °
~e~ec~ .h~ll ha~c th~ rp[~on t~~ rr.c~.c and ~ppl~ the aame on ucount o( tAe »debtednesa hcreby ucureJ, or :o (~f(T:i !h~ \1~~r;g.~~ i
to re~t~vc and u.~ .K an~ pare thcre.~t. :+~thout tAereby aa~~inE ~x ~mpa~nn~ eny equit~, I~en, or nRht undrr ~od n~ .ir.uc n' ;
tn~xt~~te. In e,ent ~•f !os. ~y.i.~! ~imag~ t~. th[ m~~rtE~~trd pr~~pr.h Lhe \1urt~a~vt sha{1 6i~p~mmcd~~tt n,~h.e !hce•.,? j
~he ~1.rrt~ta~.: and thr \t~~rt~.,gcc me•, Tdtf p-..,r, „t . ~~c .emr . T:~dc p!rmp~i~ 1il 7~[ \t:~•[gag~x. In r..rn~ .~•rr~ . .
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