HomeMy WebLinkAbout0386 PROVIDEtI, ALWAYS, that i( the ??brt~a~or shall pay unta the \1o~t~a~ee the ~ndebtedness evidenced by a
certa~n prom~ssay note of Which the tollowin~ in wocds ~nd fi~u[CS ~s a ttue cupy to-wit
Oc tober 28, 19 71 ~
s_ 2, 200 QO M~.Ra. fl«~a,~ ~ ~
FuR vai.UE RECf.I~~F:t) We, 3ointly and severally p~om~ c~ p~. ~
t~~ th~ order o( ~ ~~NER
the pnnrip~l wm ot 'I~ao Thousand Tfao Hundred and No~10Q DOI.LARS, together with interr~t i
thrrcun (rom date at the rate uf t~n percent, per annum until maturity, both principal and ~ntetrst being payable in law[ul monc~• o( ~ '
th~ tinited ~tate• at ~'.'.~-t Bi.cayne Blvd., ~liami, Florida, or at such othe~ place as the holdets heceo( may de,zignate in wntinK. ;
~ 1'rencipal and intercst payable in installments a~ follows: 3
I t
Thirty Five ($35.00) per month, for thirty-five (35)
~ consecutive months, on the lSth day of each and every month, '
;
beginning on the 15th day of December 1971, and continuing ~
until the 15th day of November 1974, at which time the
balance shall become due and payable. ~
This note may be prepaid ~n v?hole or in part after one yeu from the date heteoi upon payment of a penalty equivalent ' !
tu five percent o[ the pnnc~pal sum prepaid. '1 ~
, F~ch in~tallm~nt Na~ ment ~hall be crcdited ti~st on the intcreat due, and the r+emainde~ on principal; and intere~t shdl thrrr• M
~ upon ctasr upun the pnncipal w cr~dited.
~ The makers and rndursen of this not~ iurther a~ee to waire demand, nolice of non-payment and protest, and in the event auit ~
' .ii~ll be brought [or the collection hereo[. or the same has to be collected upon demand oI ae attorney, to pay eeaeonable attorney's
I frr. (ur making such collection.
i DefeRed payment: hereunder shall beu intcrrst at the rate of ten percent per annum from maturity until paid. ~
This note is ~ecurcd by : mort~a~e oI even date herewith and 'u to be construed and enfoe~eed accordinR to the laws oE tlie
~tat~ of Florida; upon drfault in the payment of principal andlor intc~est when due, the whde eum of pnncipat and intet~e~t 'i
rrmainin6 unpaid ~hall, at the option of the hoide~s, become immed;ately due and p,rable. ~
~ > ~ - ~ • ~ rl ~ (sEAI.) I
~ ~
j - , , I l ~ ; (SEAL)
~ ~
Rep~red br SpKler d Trndnch. At~orner - T2~0 Biw~ne Bl~d.. Mi~mi, F ~
anJ shalf perform. comply w~th and abide by each and every the st~pulation~, a~reements, condit~o~s and cove-
nants uf sa~d promis:ory note and of th~s decd, then this deed and the estate thereby created shdl ce:se and be
null and vo~d. '
~
~ 1. The Mort~a~or hereby cuvenants and a~cees: s
d (al 7e p~Y •11 and s~nplu tAe pnnc~p~l and ~neerest and other s~~os of moner OaYs~le by rutue o( ss~d p~oouso~Y note ~nd tA~s
; deed. or euAtr. pomp~lY ~~~e daYS resOeu~relY tlx samt sevenllY ~coses due. ~
~ ll~1 To penw~t. co~~t or se(fer no ~rsstc a+d to sa~nt~~n the ~a~provemenu at all uaes in a st~ie ot ~ood rtpa~r ~nd condu~oo. ~nd co ~
do or pen~~t to be done to ~~~d pre~i~es notA~n{ t\at +r~ll •Iter a cA~a~e tbe w~ ~~d cw~r~cter of said pooetty or in ~ny ~aY ~op~~r or S
' ~re~ken tAe ~ecunty o( ih~s mori{~~e. ~n1 ~n case ot ~Ae re(ussl. ne{lec[ or ~n~b~6ty ot the Mwt~asor ~o repau ~sd iu~nt~~n s~~d proper-
t ty, ~Ae Mor~p~ee m~y. ~~s opt~m. makt such reoaus a ca~ss tAe ssme to be ~~de, u~d ad.ance moneYs ~e tlut b~~~l(•
~ lc) To p~y all ~nd .~n~ulu the t~~ea. •ssessmems. tev~es. lub~hue~. asd oD1iNt~oos o( every nsmre oe ia~d desctistd Oroperty e~cA
> and eYery .Aen doe •nd pay~ble accordiy to t~r, se(we ther becoa~t deb~pueae, ~nd to del~ver to tAe Mot4~{tt on or bc(ort MatcA
~ ISM ot e~cA Year ua ~eceipts ev~denc?n~ tAe p~)ment ot •11 la~tully ~spo~ed t~xe• tor tAe preced?n~ ulendu yeu; 10 ~edemedy tAe
~ Mat~~{ee ~pon hu dcnwnd to~ alt uxes, •ssesseents and cAu~es iA~~ wY usess~d upon tA~s mort~a~e on Ms ~ndebtede~~s s•.
cured Ae~eAy, and pa~d ~y the mart~a{ee. ~ethout rt~~rd ~o ~ay 1~~ Aere[ofore ee~cted a here~fter to be eeacted ~spw~n~ ~~ent u(
„S iAe rAolt ~ any ~art thersot upa+ tRe Mo~~~~~ee.
:a
i: lel To p~~ atS and sin~ulsr Me costs, chsr{rs and ezpenses, mclyd~n~ I~~yers' fees and ~bstr~ct costs re~sonasly ~nc~rred ~r p~id i~
_ ~ny t~rn~ by tAe Afori~a~ee Decause of che fa~lure on the part of the Nwt~a{or to perfwm, canply +~~U+ and ab~de py e~ch ~nd every ~he
~ supul~uon~. apecmems. cond~uons and co~eeants o( snd proe~siory note ~nd tl~u deed. a e~~her. and e~ery such p~yiee~t sAall beu
~ntere~t (rae d~tc ~t tl?t r~te ot ten 1t0'til per cen~un per aneum.
~
~ tel It u f~rtAsr co~en~ntsd ~ad a~resd Oy u~d athes Uf~t ~n tAe even~ o( a swt pe~n~ mat~tuted to lacclosc tA:i ~nat~a~e. tAe Mat-
piss sh~ll be eeu~ted to sPplr •i •nr i~~e pend~ni sucA foreclosure •u~t to tbe court h~r~n~ ~~r~sd~cuon tUereot for the qpo~e~wem
~ of ~ rsce~~cr d all snd sma~lar the ~aq~icd pooetty, and of ~11 rsats. ~ecamss. ~o(~ts. uwss •ad reveersi tAersof. lro~ .hauos~cr
sowct den~ed. ~ed thsrcupon ~t ~s ne~ser e~Ks~~IY core~anted •eA •/tecd Ut~t the Court ~A~11 (wth.~t! •po~nt sucb recewer ~~U
- iAe YlY~I ~ers uW dut~t• o( rece~ver• ~n lite c~~es: ~nd ~~~d apo~nt~snt sAall Se wde or tAe court ~s ~ watter o( su+ct n~ht ~o
uie Mort~~~ee. ~nd r~iAoui reterence ~o tAe ~Ie~acy a~s~deau~cy of tAt •~Irs of tAe ~o0ertr htrtey ~w[~a{ed. a~o ikc •olvenc7r
- or ~aiol~s~tY ol iAs Mal~a~w• or •ny oeAer puty detend~~i ~o •ucA •u~~. TAe Mo~ta~{or Aerebr •Otc~f~c~llr r~~•es tAe r~~A~ ~o ob~ec~
~ ~o tAt ~pwpe~ss~ o~ ~ rsce~ver •s s(ore~~~d .sa n«<er eaore~s~y consent• tA~t sYCA •ppointiuent sh~ll se ~ade ~s ~n ~ds~~ted equi~y
~nd u s s~ttsr ef ~lsoi~te n~At ~o du NwtN{se ~nd tA~~ the •~se M7r se da~e wthort not~u ~o ?he A1o~t~~sa.
~ lf) 1f fwectoswe pocssA~a~ ahould bt ~nsuw~ed ~~s~n~t tAs pro/srty covtred by t~~s oortp~s u0oa ~nr olAer lien w clun~ +hetl?er :
~Ile~ed ~o ee supenor or ~Yn~or co [he i~ee o( ~fu sort~~{e. the 4at~~~ee iu~ s~ Ms opuon ~aweedutNy ~pon ~eyt~t~t~on of sucA su~i ;
or durin~ ~Ae pendency tAereef declue tA~s mwt~~ie aM ~he ~nQebtednes~ sscured hersby due •nd O~r~stt talh~~tA ~nd n~~Y at
" op~~on oroceeA ~o (oreclo~e a„ .a~a•s~.
TA~t t!e Mo«{aaor .~11 t~ee all real •nd ocrson~l prooert~ no~ ar hereafter sncwnbe~ed by tAe I~en ot tA~s sat~~{e ~nsursd •s m~y _
- se re~ud (ro~ ~~~e to t~~s by tAs IMorya~et ~{a~nst loss ?r fus. r~ndstor~ ~nd otAer A~:~rds. c~swluei and coeun~tnc~es fw s~ch i
- ~sr~d~ •M tor no~ le~s tb~a •wA ~woYnt• u p1 bt r~wnd ?r the Mor~q{es ~ad ~o aY prowo~lr .Asn drs •11 psA~wns (a •rcA
' ~e~w~ucs. 7Ae ~~owna o1 ~n.rr.uce ~ea~~r•~ ?r ~s ~o?y.aee aL~ll Oe tls s~e~wum •eaunts (or •A~cA s~d ~nsw~nce sAall bs rr~uen
u
- ~M sA~ll ~s men~lsot ~poa tAs Mwq~~o~ 1o N~w1~~e srcA ~Id~uoa~l ~wsrrMCt ~r be wecess~rY to see~ ~nd co~ply f~lly r~~A
n~
•II cs~~saws~cs rs~~rs~ents co~~~~se~ ~n s~~d plicu~ te t~e sad tA~t Mt ia~A Mor~~~{a ~s no~ • co-~w~rra ~Aere~wder.lnsw~ece
~l~11 ?e .ntus or ~ casNay or caysa~e~ ~prored a de~~{n~~d sy tAs ?lory~ee ~nd ~11 pot~c~es and rsae~~ls tAereof ~h~ll be Ae1J
- sy ~Ae 11a~~a~ee. All Aeu~le0 ass~~e~t~ons er tAs Mor~~~~a ~A~cA ut •cce~ted Yr tAa Ilort~~~se se~ ~11 a~reewsn~s ?e~¦sen MortN~w
~nI Mart~yee re1N~n~ to u~~ur~nce. no~ sauun~ or here~hsr ~~ds. ~A~II se ~n ~nha~ •n~ sA~ll A~ •~r~ d ~A~~ wortp{s ~~rte~ent
- Irflf tAor~A (ortA ver?~~~~ As~s~n ~M ~Aalt ~o~e~n boW Nrt~ea Aereto •nd tAs~r srccsasws ~ad ~~~i~as. No I~e~ rpo~ ~~y of ~
- •~N pl~c~es o/ ~n~ur~ece w uPan •nT rt(s++tid o~return pes~w~ ~h~cA ~uy be ~~Y~pis ae tAe c~sc~ll~bon ar term.n~uon thereol, sA~lf ~
~ ~~~ven iu ~tAer ~A~n ~Ae ~Ix~~~~ee. esc~p~ ~f oroqer eMerse~snt •lh~ed to •ucR Ool~cy ~ed ~Ppased Dy Ma~i~~ee. F~ch poi~~y ot R
~n~w~~ce sAaf! ~~.a •I~~.ed ~Aereio • S~~edNd Ne~ Yar~ Mw1~~p• Cl~ws ~uAort Con~neu~,on. e+at~n~ ~11 losa a losses unds~ wch ~
<~;
p1~cr o.nslc ~Ae Nor~p~ee as ~ts ~e[ere~t rqY •pt~r. Is tAs e~~~t ~~y •w~ or suws o( nwnq ?eca~e Nydle U+ertundtr tl+e ~Mrt. ~
~ ~~~st ~A~:: A~.e t~c oo~~on to rsceive and •PpIY tAt ~~~t o~ KeO~wt of lAS ~~destedness hereAy secwed, a ~o Perm~~ tA~ ~1or~~~~„r
~e r~ce~vt •M we or •nti rar~ tAereol. •~tl~or~ tAsre?r ~~~•~n~ a~qamn~ ~ny ~Qu~ty. I~en, w r~~A~ ~ndcr •nd er ~~riue ol t1+~.
.
ww~~aa~. (~s.sn~ ol lo~• w pAyf~c~l A~~~~e to tl~e ~t~a~e6 ~oper~y d~e Mw[~~~a sn~U ~ire ~er~cd~~ie nou~e Mereof b~ ~~~1 s~~
I~t Mata~~te •n~ ~~r Nor~~~~ee rn~y ~sle poo( o( 'ua~ ~t ~Ae s~ne ~s no~ ~+ade promptl~ b~ ;~t ~tor~~~tM. In ~.cnr !...e, i.~;,~c
~ ~ 38s
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