HomeMy WebLinkAbout2091 PROVIpEfI, ALwAYS. that if ~he ~4ori~a~or shall pay unto the ~fottsa~ce the indebtedness ev~denced by a
certa~n pram~ssory notc of wh~ch the foliow~n~ in wotds and [~~ures is a truz copy to-v?~t
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S 5, 475 .00 ;H;,,,,;, F~o,~;~ November 20, iq 71 ,
FOR v.ALI'E RECEI~'FD We , i ointZy and severally ~m~ to wr
to che order ot ~1BE HORNSTEIN AND NATALIE NORI~?STEIN HIS WIFE •
the pnncipal ~~m ot Five Thousand Four Hun re Seventy- 1Ve SLl ~b~the~ with intetr:t
th~reun irom date at the nte at tcn pereent, per annum until maturity, both pnncipal and interest being pa}'ablc ~n (aw(ul mon~~ u(
~h~ l:nited ~tate~ at '~'=-~-1 Bi.cayo~ Bhd., ~liami, Flocida, or at such othe~ place as the holders hereof may deaignate in w~ting. `
Pnncipal and intercst payable in installment~ as follows: '
Four Hundred Fifty ($450.00) Dollars per month, beginning on the
15th Day of January, 1972, and continuing on the 15th day of each
and every month thereafter until paid in full.
Th~s note may be prepa~d ~n whule or in put after one yeu from the date hereof upon payment of a penalty equivaleni
[u f~~e percent of the prmc~pai sum prcpaid.
Each in~tallm~~t paymcnt >hall be credited lir~t on the intetrst due, and the rtmainder on principal; and interest shall thrn--
upon cease upun the pnncipal :v credited.
The mak~~ and rndorsrn of this not~ further a~rr~ to waive demand, notice of non-payment and protest, and in the event suit
.lull br brou~ht for the coll~ction heceef, or the ~me has to be eollected upon demand of an ittorney, to pay reasonable attornev~:~
frr. tor making such collection.
DeEerred payment~ hereunder shall beu interrst at the nte of ten percent per annum fwm maturity until paid.
7'his note is ~ecured by a mortgage of rven date herewith and is to be conatrued and enforced accocding to the laws of
~tat~ o( Florida; upon drfault in the payment of principa! andlor interest xhen dut, the whde sum of pnncipal and inte~
~ rrmainina unp~id shall, at the option of the holders, become immediately due wd payabl~
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Prcpared D~ ~pirkr Q~ Tendrich. Attomeys - 22~0 B~a~ne B1~d.. Mymi, Florida
ar~d shall perform, comply w•~th and abid~ by each and evety the st~puiauons, agroements, cond~tions and cove• ~
namts uf sa~d prom~ssory note and of th~s dced, th~n this deed and the estatc thereby created shall cease and be ~
nult and .•o~d. '
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~ 1. The !Nort`agor hereby co.•onants and agrees:
(al To pay a:t and s~n~utar t~e pr~nc~p~l and m:ercst and otfer sums ot money payable by v~rtue of sa~d prom~ssoty note tnd th~s
Qeed. or e~thcr, qomrNy on thr daya ~especu.•e1y ~Ae same severslly becomes due.
(D1 7o permit, comm~~ or suf(er no iraatt sad ro msintun the ~mpro~ements e! •II t~e~es m a st~te o( ~ood repa~r ind conduion, and to
do or permn to be done to sud premues nothm~ [hat Will alter or cAao~e tht we •nd c~~ncter of sa~d property or ~n ~ny r~y ~mpau o~
+e~ken tht slcunty o( thts mort~a~e. ind ~n case of ?he re(usal, ne~lect or .n~b~licy of tbe Mortp~o~ to repa~r and eoaintain s~sd proper-
ty, tAe Mat~set n+~>, at h~s opt~on, mike such repaus cx cause tht same to be eeade, and sdva~ce moneys ~n th~t beh~lt.
Ic) Tn pay •11 aed c~n~ular the uiec, assessments, le~~es, I~ab~l~t~es, and obliNtions of cvcry n~ture on sa~d described property each
and e~cry +~Aen d~c snd paya~le accord~n~ to la+, bcfore they become del~aquent, aad to del~ver to the Mort~~~ee on or befae MarcA
IStA of e~ch year tsx rece~pts ev~deacin~ tht pa~ment o! al} ?arfully impoaed tiaes fpr tAe proced?ns ulend~r year, to indemndy tNe
Mat~a~ee upon h~s dem~nd for all taaes, asscs~ments ~nd char~es th~t ma~ assesscd upon th~s mwt~ase on tl+e ~ndebtedness s~-
cured Ae~eby, and paid by the mortp~ee, ~~thou~ rc~ard to any 1~+~ heretofare en~eted ar heresfter to be enacted ~mpoam~ p~y~oent of
the ~hole m an> ~art tAe~eof upue tAe Mort~s~ee.
` ld) To pay a!i ar?d sinaular thr costs, charses rnd tRpenxes, ~nclud~n~ lavyers' fees and aD~tr~ct costs reasona~ly ~ncurted nr p~id st
¦n~ ~ime by thr Mat~a~te becausr ot the f~~lure on the p~rt of the Nort~a~or to perfwm, comply r~ith and a~~de by e~ch and every the
st~pulations, a~rtements, cond~hoac aad coven~nts of ss~d proausswy note ~nd eh~s dted, or e~tAer, aad cvery such~psyment shal! be~+
mtere~t (rom da~e the ra[e of ten UOi.) per centum per annum.
lcl It u furtAer coreo~nted ~nd •~reed Dy •a~d p~rues th~t ~n the erent ot s swt bem~ mat~tuted to foreclose thls mort~~~e, the Mat-
ptte sh~ll be entrtled to ~pply •t •ny [ime peedin~ such (oreclosure su~t to the coutt d~vm~ juri~6~cnon thereof for dfe appomtstnt
of ~ rste~vtr of ~11 and sin~ul~r ihe ~ow~sa~ed propeny, and o/ all rents, iecomes. profits, ~~~uei and rereeues tAereot, fros ~rh~tsoever
source denved, and thercupon ~t ~c hereby eapr~uiy co~enanted •ed ~~reed th~t tht Coutt sh~A (orth~rith ~ppomt such rece~ver v~tA
the ~aual pmrer~ a~ duues o[ rece~vers in Iite c~ie~; and •~~d •ppo~ntmcnt shall be m~dt Dy tAe court ~s a matter of strict n~At to
the Mat~s/ee, and ~riMout reterence to the ~dequacy a inadepu~cy ot the v~lue o( the proper~y hcreby mort~a~ed. a to the aolvency ;
or ~nsotv~ncy of ?Ae Mort~~~as or •ny otl~er p~rir de(end~n~ to aucA sun. The Mortp~a hercby ipec~(~e~lly r~ivc~ the r~~he ~o ob~ect
co ~he appo~atseet of a recei•er ~s aforeaaid •nd hereby e:preasly consent• th~t •uch ~ppo~~terent sh~l! be eoade ~s an admitted equ~ty
and u~~uer of ~b~olute n~h~ to the Mort~a~tc and M~t ihe a~n~e nuy be dme ~nthout not~ce eo the Mort~~~or.
(f) It foreclosure proceedmp thould Ee mshtuted ~snnat tAe property covered by W~s uort~~~e upoe any other I~en w clum WhetAer
•Ile~ed to be supenor ot ~unior ~o the I~en of t!?u mortp~e, the Mart~~~ee may ai A~s ophon ~mmeduttly upon ~nshwaon o( such su~~
a dwm~ the p~ndancy tAerco( decl~rc ~h~s morti~~t and the ~ndebtednesr secued hereby due snd piy~ble lo~thrith and m~y ~t ~is
opt~on proceed to foreclo~e tA~s mort~~~e.
Th~t the Ma~N~or w~ll k~ep all real •nd personal property no~ a hereatter encumbered by ehe lien o( th~s mwiia~e ~nsured as may
be requucd fran ume to nme by the Mort~~~te •p~nat loss by flre, w~nds~am ae~d other A~s~rds, c~swit~es ~nd conhn~enci•• for such
pa~od• and la not le~a tHan •urh •awum• ti maY bs repuued Ar the Abn~~{ee and to p~Y Dromptly +~hen due all prem~ums for such
iniur~nce. Tf~e ~a~ount~ ot m~ur~pce requued ?y ~he IMort~~~et sb~ll be the m?a~mum •moums tor rh~cA sa~d ~nsur~nce sAa11 be rr~tte~
~nd ~t aA~ll be ~ncw~bent upon the Mort~~~or to m~~nqm sucA •dQu~oa~i ~n~rr~nct as m~r bt necess~ry to mee! anQ toenply lully r~th
•11 co-~naur~nce repwraaents cont~~ned ~n ~~~d pol~cies to tbs sad tA~t the s~~d A{ort~~~or ~s not a cw~niuror thereunder.lniur~nce
•Aall be ~r~eten Dr ~ caePaay w cpop~n~es •ppror~d w des~~rt~ted by the Mortsa~ee •nd ~11 pot~c~cs and renew~ls thereof sh~11 bc Aeld
by the ~.IatN~ee, Ail deU~led des~~n~t~ons by tAc Mo?ttator rh~ch a~e accepted br the A1a~jijec and s11 a,srtements ~e~~een Ikat~~jor
aod Morts~~ee ~eht~es to ~n~ur~nce, now e:~s4n~ or he~e~fttr suAe, sA~ll be m ~ntin~ ~nd sh~il be • p~r~ ot thu mpt~~~e ~~reemcn~
fully cAou~h •e~ fath vero~un~ here~n ~nd sA~ll ~o~ern both p~rt~es hereto ~nd the~r suceessors ~nd ~ssi{ns. Ho t~en upon ~ny of
s~~d pot~cics of insur~nce a upan ~r?r relund o?retwn premiwn rh~cA m~r bc p~y~ele on tAe c~ntell~t~oe or term,n~uon tAereof, sA~ll
be ~~ren io ~sher ~A~n iAe Mxq~{ee. eacepi Sy {xoper endorstment ~(fiaed to such policy •nd •pproved by Mort~~~ee. F.acA pol~cy ot
~nsur~nce •h~ll h~~e •(ii.ed ~hcreta a Seand~rd Ne~ Ywt I~lort~a~ee Cbnse ~~NoW Con~nDuuon, m~k~n~ atl los• or losses under S~cA
polfcy p~y~Dle co ~hc Mor~pjee ~s us ~n~crest m~y ~pye~r Ie the event ~ny swn or sums of money becomo p~ysble thircundcr tht ~1ort.
~a~ee sha~! h~ve ~Re opc~on ~o rece~r~ ~nd apD~Y ~~mt oe ~eeount of the ~ndeb~eCness hereby secured, ur to perm~t the \Iort~aRnr
to receiv~ ~se ~t, or •ny pu[ thereof, ~~thout thetebr ~~~rm~ or m~0~~~~~L +~Y equrty, hen, o~ re~t unde~ ana by v~rtuc ol th,~
mat~~e. In evcm of lo~• o. pAysic~l d~ma{e to the mac~.~~a aoarey ~e Mortp~a sA~ll pve ~rtwned~~~e notice tAcreof by T.aii
. the M«t~~~ec •nd ~Ac Mort{~~ee m~y m~ke proo( of to~s ~f tAe same is not made p:ompil~ by the llor[ja`a. In e.rn! n! f„re.l~•~ure ni
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