HomeMy WebLinkAbout1449 PROYIUFII, At_N'AYS, that if the \lurtdagor shal! pay unto the ~tortgag~r the ~ndebted~zss rv~denctd by a z
certain pr~~m~ssury note ~~f wh~ch the follow~ng in Nords and figures ~s a Irue copy t~,-Nit:
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~ - - 1liatni, Flurid~__~CtObE1 _ 9~_---__ 1~)_ 71 -
FUR ~ ~V.!'F. HECE11~E -
U_______ We_,_ o in t 1 ~ Prorr~i~r tu pa~•
~ e~, tlie urder oi MAE L, BEEBER 1 -~'_s~IIi~__S.~Y~rall
tfir principal ~um of~0 Thousand Six_ Hundred Sevent ~ ~~~~00---
~ F-lY~~_HO~ l)OLL:~K.~, togrth~~r Nith intrrr;t
' i th: rrun Erum datr at the rate of ten percent, per annum until maturit~~, buth ~?rinciE,al and ir~trrest tx•inc pa~•ablr in I3N~fu1 mon~~• oI
t{~ thc l, nited ~tate~ at Bi.:ra~ ne E31~ d., ~liami, Flonda, ur at ~uch other plrce a.i d~e hulders hereu( may de-ionate in W fllltle.
3 i E'riucipal and intrrrst payable in installment+ as fulluws:
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1 Fifty-Five ($55.00) Dollars per mc~nth, beginning on the lSth
tj day of December 19i1, and continuing on the ISth day of eacn
and every month thereafter until aid in fUll.
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This notemay be prepaid in whole or in part after one y~ear frum the date hereof upon paymznt of a penalty equivalent
t„ t~ve percent of tho principal sum prepaid.
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; Each in~tallmrnt pa~~rnent ~fiall Le credit~d Cr~t on the intrre~t due, and the remainder on principal; and intere~t shall tl?r~e-
a ~ upon cea:e upon the princip~l ~o c~edite•d.
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: The maken and endorscrs of tf?is nutr further ap ce to wai~•e drmand, notice of nompa~-ment and prute:t, and in t6e evrnt ~~:it
's, ; -li~ll br bruught for the collrctiun hrrruf, or thr :,~me ha, to be collectrd upon demand oF an attorney, to pay rea~unable atto~nc~';
x frr. for m~kina ~uch c~llectiun:
; ; Deferred pa~~ments hcreunder :hall bear intere:t at the ~ate of ten percent per annum from maturit~• until paid.
This note i~ .ecured 6}~ a morl~~ge of e~~~n date herewith and is to be construed and enforced accordin~ to t6e laws of t6e
~ ; `tat~ of Flurida; upon default in th~ a~~ment of rinci al and'or inierest when due, ~
P P Y the whole wm of principal and irttrrP:t
~ n•?rwining unpaid shatl, at the option of the holders, become immediate due and pa~~able.
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Prcparcd by ~p~eler 3~ T~ndrich, Attorneys - ~'~;0 Bw•~~ nt Bl~d.. ~liami, FI ida - I.--c {~E.Aj.)
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_ ar,J ~hall ~?erf~rm, compl~~ Nith anJ abide by each and every the st~pulations, agreements, cond~tions and cove-
nants of said prrm~ssory note and ~~f th~s deed, then this deed and the estate thereby cteated shall cease and b~ z
null and vc»d.
l. The ~lottgagor heteby co~•enants and agtees:
fa) To pay ~11 •nd ..in~ular the principal and ~nterect and other sums oi mone) payable hy nrtue of ca~d promissory note and thi~
= deed, or enher, p{wn~~ly on the 3eys respe.te.ely the >ame seccrall~~ he:omes due. j
tb1 Ta permit, ~.xnmtt or su(fer n~~ ~astc a~d to ma~n~a~n th~ impro~ements at all umes ~n a state of ~ou~1 repan and iond~t~~rt, and to
- do or perm~t to he uone ~o said prem:ses noth~ng tA~t r t!I alter or chanse Nr use and ch~tacter ot sa~d proper~y or ir, any W ay ~mpa~r or
- ~eaken the se:urvy th~~ mor<<a~e. ~nd i~ :ase af !hc rcfusal, ne~~ect or inab~lrty of the A1ort~a~or to repa~r and mamta~n s~~d proper-
: :y, the .l1~xt~aRee ma~, at h~s opc~on, make such repa~cs or .ause thc samc to be made, and ad~ance moneys in•chai behalL
1 (~1 To pay all and s~n~~lar the ta.es, usc,sments, Ic~~es, liabil~tios, and obt~~at~ons of every nature on saed descnb~d prnperty esch
- ~nS c~ery rhrn d~c and payablt ac..xJins to lsr, he£~xe they De~ome del~nqu~..i, and to deltiver to tAe Mortsadee on or be(we Ma~ch
~ ;Sth ~~f each ~ear tr~ rece~pts c~~d~n.mg the payment ot all lav.full> ~mposed taaes for lhe preced~n~ ealendar year, to usdemn~fy the
N~rt~a~ee u~wn hi. dcm.nd tor all teaes, a.ses~mcn[s and :Aar~ec that may be assessed upr~n this mwtaaae on the ~ndebtedness s•-
:urcd ne~c5~, ,nd ~d,d ~v ~he m~xtgagee, u~thou~ rcgard to any laM heretoture cnacted cx hereatter to be enacted ~mposin~ ~ayment of :
che rhole or anv ~art thcreof upon the \lor~ga~ee.
_ Id~ To pa) a11 and .~ngular the .o~ts, chsrRes an3 ~cprrt~e., inc{ud~n` IaWyers' fees and abstra.t costs ~easw+abfy ~ncutred ~x pa~d at
- an> t~mc h~ thr \Sort~agee bece,::~ uf the taiiure un the pari nf th~ yortgatot to pertorm, cwnply •+ith and ab~de by t~cA and tvtry the
,~~p~lat~nns, a~reements, conS~~,on; and c.~•enants of ca~d ~om~ssory noee and iAix deed, or r:ther, and e~ery such~p~yment shall txsr
_ :ntrrst (rom datc at tht t~~e of Icn 1~0`~) pcr .tntum pcr r:tnum. '
~ 1~? I: ~c [urther co~cnan±ed and aEreed ry ~a~d part~cs iha! ~n thr e~ent o( a su~t bein~ ~nsututed to foreciose this mort~a~e, the Nort-
; ~a~ee sha;l be entrlled to apply a~ any time ~+end~na cuch furc~fosur~ su~t to the cou~e havm~ ~ur~sd~ctim thereof tur the appointmenc
- ot a rece~~er of al! and s~n~ular ;he mortgaRed property, and nl alt rent,, mcomes, prot~ts, essues •nd rever.uec thereof, trom »hatsoe.er
.ource detti~rd, and thereu~wn ~t ~s n«<n. ~x~re,si>• ~.~.~n~R~~a and a~reod thae the Cuurt sA~~! torfhti~tA appoint .ruch tect~ver r~th
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the uswl puwers and dut~es oi re.cs~rrs in I~ke uses. and sa~d appo~n~ment sh~ll be madc by the court as s matter uf ytnct n~At ie
~~e ~Icxt`a~ee, and rithout rcfer~rtce ~u thr adeyuac) +~r ~n•de~w.Y the vaiue ot ihe property Areby rnort=a~ed, rx the sol.ency
or ~nsc,i~cn~y o( thc t{urt~ar.K. ~i eny ~.tt~tr pu,t „rtrr~az: ;a ;u:h c::::. 7he Rlort~ssor h-er!+} a~clf:snllY Marv•. th~ nght to ob~ect
? ro the appoinimen~ nf ~ r~cener a. atorc.aid and hcrehr rxMc.sly .~msrnts :ha~ such ~ppointment sha!? br mado ~s •n adr.~i~ted eyuit~ ~
~ and a~ a mat:~r nf arc,,;ute r~gh! !o the Nortgagee ~nd in~t thc .am~ may be d~ne r~chout nohce t~ the ~1ort~a~nr.
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_ ffl !f torec;o.ure pr~~:eed~n`s ,h„uld br in,utoted a~s~nst the pruper~y iu~t~Cd by [h~s mxi~a`t upun anv uther lien ut ~Ia,m ~Acnc~r
- .Sic~ed to b~ suptr~.u .x ~un~or tne lien ;~f thes mn~iargt. thr M»rt~a~tte ms~ at h~a ,~pt~on ~mmed:~tti~ upon ~r.titute.~ ~~t ~uc~ c~~t
- ~x ~unn~ thr pendeniy therto( Jr.larr th~s mur2gage and :he indcb~edne+s se~ured hereby dar and pa•.aAlc '.,r;hwith anJ ma) a~ ,t~
_ opiion procred :o (oteclose th~, mMtEeEe.
- 1~l That thc k.xt~a~or a~ll kecp all ~eal and ~ur.~,nai pr.~p~rty no~ ~x h~reaft~r encumhtred b~ the t:en :h~c mn•t~t~~e ~nsured •s m~y :
- De ~equned :rnm t~mr t~ ~:me b~ :hc ?1.~r~~ajre a~a~n.! lo~c hy tirc. +in.i.:o~m anC uihcr haiarus, ca+wlt~cs •nd ~.,nt~agen~~c~ t.,r wch
= perials and i.x not Ic,c than au~h ~mounts a~ may h~ rcQuu~d h~ thc ~Ivr~Ea~{cr •nd tu p~y prompil~ •hrn ~ue all p!~m~um~ f`x wcR
_ insuunce. ihe •mnuntc of insur~r..c ~rqu~rcJ bq thc V~~~t~~~cr ~Aa11 ne the m~n~mum •muuntc fur rAuh said :n.uranie ah~11 he rr~stcn
~nd ~I shalt t+e ~n~umeent upon thc Siurc~egiw to m~inum su.h add~uonal insuran~e as may be necessat~ tomeet an~ tJT~1y ;ulfy .~tA
all co.insut~nct requirement. c~,nra~ned in ~a~d pol+c~e~ t~ the end that the ~a;d ?1cr.t`a~ex not a~o-~ns~ror thereundet,fn~uran.e
,h~{1 ~c ancten b~ a~ompanq o~ .~~mpanic~ •pprnocd or ur~:g^~tcJ t+~ rhe N~,~taa~ee and aif puli~~cs •nd re~err~l. tAerco( +hall be hc1J
- by the ~1un~a~ce. ~II deta~led 1essEna~ion+ by the N~~rt~ag~~r ah~.A are a.cepted by ihc ~Iort~~Ete snd ail a~reements betrecn Murt~a~or
: •nd Nor~~asee relat~nF tc? ~ns~:rancc, n~~w cx«t~.^.~ on c~rrat~cr madc, :hal: ho ~n ~nt~n~ artC sh~ll be a pxrt of tAis m~xt`a~e •~rcement
_ as fuNy a> tn~uKh .~t torth rerh~rim here~n Ynd sh~l1 `,•irrn no!h psrtiee hercio and t~~~r ~uc~essors and ass~~n~. !Yo lien upun any ~.1
said p~~lic~e~ n( ins~renc~ or upon am r~tund ~r rriurn pTem:um .h~,A maY be pa>at+le on t?++ cance+{ahun ~x term~nanon tt~ere~(, .fia!!
- ' he ~iytn to .,;hcr chan ,~.~v.:EaFCC. c~~C~t ny ~.;~~per cndoncment af(~ied to wcA put~~:. and apprn.ed by Nor<<.~ce. F,~r. p.,li~~
- ~nswanre aha!! b~.r •ffi;td thcrctn s Sund~sd \rr }-,.rk ~lortgi~tt (~'aust •~thuu! Contribuhon. makon6 ~11 toti. ~x io~.c. unJ~r .wh
_ p~~licY p~yahlr the N~x~~aRee e. ;t. in~crrst may appear. ln the e~ent an> .um or ~uma o( rnunc} become p~yablc tRcrcunlcr thr \b„?.
- ~a~et sRrli ha~e :he oph~xe to rr.c,.r en1 •ppf> the ~ame on aic.~unt ot ;ht ~nQeDteJncss hcrth~ secuted, nr to p~rm,• th~ »ort~~~.,r
_ !o re~eiv~ an~1 u~e ~x anr p~rt thcr~.~!, ~uhi~ut thcrcb> ysi~inE ~e ;mpair~n6 any e~wty, :~en, or t~~h! undcr •nS .:+t~e th:.
~K[~ate. In e~cnt ~.t I~,>a or pnY•;,ai d~ma~r t~~ :h~ m;,r•EaR^d pr,.p~rt~ thr \I~•rt~a~tut shall ~~rr irr.m.cdute n,~t~.c tRcrcnf t,
t~~ ~1~t~~~te ~nJ thc i1oHKagr~ ;ne~ rnakr pr.,..~t .,t :h<- c~mc m~t maJt pi~,mpif~ n~ ;'r,~ ~lu~t~~p~. In r,rr.t ~....rr~; ..~•c ,
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