HomeMy WebLinkAbout2185 PROYIDEfI, .ALNAYS, that ?f the ~iort`a~or shall pay unto the '~Sort~a~ee the ~ndebtedness tvidtnced bY a
certain prom~ssory note of wh~ch the folloMin~ ~n words and f~~ures ~s a tru~ copy to-wit
1 ~ - - . -
~ 3, 200.00 ~i;,,,,;, F~~;~, November 17, 19 71 .
!
F4R ~ ALl'E RECEI~'ED We ' ointl and severall promise to pay
to the order of FIALTER BER _ ~
~h~ p~~~;E,~,~m ~f Three Thousand 1~ao Nundred and no 1~~----- DUI.LAR~, to~ether with interr.t
( thereon from datr at the ratr ui ten ~?ercrnt. per annum until matunh•, both principal and interest being payable in lawful monev of ~
- :tiP Lnited titates at `~'.'.-1-~ Ri~:cayne ~3kd., ~liami. F'londa, w at such other place as the holders hereof may designate in wnting. 3
Principal and intere;t payabie in installments as follows:
Forty-five ($45.00) Dollars per month; for six~ty (60) consecutive months~, ~
on the lSth day of each and every month, beginning on the lSth day of
January, 197'Z, and continuing until the 15th day of January, 1977, at t
which time the balance shall become due and payable. i
t
f
This nott may bt prepaid in w~hole or in pazt aftet one yeat ftom the date heteof upon payment of a pcnalty equival~nt
to f~ve perc~nt of the pr~ncipal sum prepaid.
Each installment pa~~mrnt ~hal) be ~redited first on the ~nterest due, and the remainder on principal: and intere~t shall thrrr-
~ upon ceaae upon the pnnctpal ,c? credrted.
i Th~ makers and rndorncc of thi~ ootr further a~me to w~aive demand, noticr of non-pa}•ment and prote~t, and in thr event ~uit
~ >hall be brou~ht for thr cullr~•tiun herrof. or the same h~ to be collected upon demand of an attorney, to pay reasonable attorne~
~ [rr, ior making such cullection. ~
J Deferred pavments herrunder shall brar interest at the rate of ten percent per annum from maturih- until paid.
' This note is ~ecured h~• a moriga~e of even date her~with and is to be consqved and enforced accordine to th~ lawt of the
f ~tate of Florida: upon drfault in thc pa~•ment of principal and'or interest when due, the whole sum of pnncipal and intcn,t
1 mmpining unpaid ~hall, at th~ option of t4~e holders. kxcome ~mmediatel}~ due and pa}'able_ ~
itness as to their mark:
~ J'I .His ~~['[-1~ rk (`~~L~ f
i ~ r ~
` ~ ~ lf;, ' k~ ' _ _ H~r C ) _ Mar~ ~~F.at.?
. _ , ' ~-rraezi-rt-retan-
g ~'Prep~red by ~p~eler ~ Tendnch. Att~unevs - 22-10 B~scacne Wvd.. `tumi. Flarida ~
.
anJ shall perform. comply w•ith and ab~de by each and tvery the stipulations, agr~ements, cond~tions and cove-
~ nants of setd ptom?ssory note and of th~s deed, then this deed a~ the ~state thereb}~ created shall cease and be
~ null and vo~d.
~ 1. The Mortgagor hercby cu~•enants and agrces:
~
i la) To pay al? and ~~nsuiu ihe prinnp~l and mterest sod otAer sums of money D~Y~ble by v~rtue o! sa~d prom~ss«y no[e snd th~s
deed. w e~ther, peomp~l) on the daYs respect~vely the same severallY btcomes due.
` (h? To perm~t, comm~t or sut(cr nn raate a~d ~o maintun iA~ ~mprovements ~i •II umea m a state of sood cepau and condu~on, and to
" do m perm~t to be done to sud Drem~see noth~n~ that will alter or cAan~e the we ~nd ch~r~cter ot sa~d property or m any ~ay ~mp~u or
_ re~ken the securuy ot th~s mort~a{c. ~nd m casc o( the refusal, ne~lect w~n~bihty of tAt Mort~ajor to repa~: and mamtun sud proper-
`,'a ty, the Matp~ec may, h~s opt~on, make auch repaus or cause the same to be aude, and sdvanct moneys m th~t beA~IL
tc) Tn pay all and s~o~ular Mt [aies, asaessmeme, le~~es. Iub~l~Ues, ~ad ob6pt~ons of every nature on sa~d desctibed ptoperty e~ch
~ and cv~ry r~hen dae and payablc accordina to lav.. Arfore they becane deLnquent, and [o del~ver to the Mort~i~ee on or before M~rch
15tA ot ucA year taa rrce~pts ev~dencm~ the pa)ment o( •ll I~s~(ully ~mposed taxt• tor the preted~ni e~ler.dar yur, to mdemn~fy tht
Mat~a~ee upon h~s dem~nd im all taaes, assci~rnents and ch~r~es th~t ma~ assessed upon tA~s mort~a~e on the indebtedne~s a•-
- cured ~e~eby, and pa~d by the mort~a~ee, .~thout re6ard to any 1~~ heretotare en~cVd or here~fter to be eoacted ~mpos~n~ ~ayment of
~ [hc wAute uT an~ ~art thereaf upuo the MortRr~ee.
~ (dl To p~y ali and s~n~ular the costs, chu~es rnJ expen~es, mcludm~ LwYers' (ees and ab~~r~et costs reasona~ly ~ncuned or p~~d s[
;t an~ t~me by ~Ac Mortp~ee because ot the fulure on the p~rt of the Mort~a~or to perform, comDlY r'~th and ab~de by e~cA •nd every the
~ st~pulaUOns, s~reements, cond~twn~c and covenants o! s~id prom~sswy note ~nd th~s deed, or e~ther, and e~ery such p~yment sh~ll bea
mtereri (ran datt at the ~~te o( tcn (10'L) per centum per annum.
~ (cl It u fur~her coren~nted ~nd a~reed by sud pames th~t m the event of a sui[ be~n~ m~Uwted to foreclose thu mortp~e, the Mat-
sa~ee sA~ll be enutled to apo~Y •t ~ny t~me pendins such foreclosure su~t to U+e court h~vm~ junsd~ct~on thereof (a the ~ppo~ntment
_ o( s ~ece~~er of ~I! and s~n~ular the mort~yed property, ~nd of ~!1 renta. ~ncanes, prof~ts. ~ssue• and rerenues thereot, tras wA~tsoever
- source det~red: ~nd thereupon i? ~c hereby eapre~sly coven~need ~od •{reed sh~t the Court sh~ll (orth~r~N ~ppoint such ~ece~~er v~th
the ~swl powers and duhes of rece~veu m lite c~ses: ~nd •ud •ppointment shall be m~de by the ccurt ~s a m~tter of stnct n~ht to
the INort~a~ec, and W~thout reterence to the ~dequ~cy or ia~deQu~cr of the Y~IYt ot the property herebr mort~a~ed, or to the aolvency
or ~nsolveney of ~he Mort~~~ors or •ny o~her p~rty de(end~nt to such su~t. The Mwts~~or hereby spec~t~cally r~ires the r~~At to ob~ect
~o the appomtment of a ~ecerver ~s afaesud ~nd hereby eapressly consents th~t •uch appo~ntmem sh~ll be m~de •s ~n adm~tted equity
•nd ~ awtter of ~bsolute ri~ht to the ~lort~~{ee ~nd th~t the •ame maY be da:+e r~thout oot~ce io the Mort~a~or.
1f foreclosure proceedm~s should be ~nstituted ~~amst the property covered by t6u mort~~~e upon any other I~en or cls~m whethe+
_ •Ile~ed ~o De super~or or ~un~or to 1he I~en ot tA~s mort{s~c, the blorts~~ee may at h~s opUOn ~mmedutely upon mat~tnUOn ot such su~t
- or dur~n~ the pen0ency eLereo! decl~re this mat~~se and the ~ndebtedness secured hereby due •nd p~Y~ble tatA.~ith and m~y a~ ~ts
= oyum prourf~w faecto~e tt~s wort~~~c.
Th~t ti~e Monµ~or +~11 krep all real ~nd pcrsonal property nov on c~re~fter encumbered by che I~en o( th~s mort~a~e ~nsuced as m~y _
- be requ~red tran use to t~~e by the Mortla~ee spmst loas by hre, r~odstorm and other ha:ards, casdalt~es and con~~n~•oc~es for such ;
' per~od~ •nd tor not le~~ th~o •urA •awunt~ a~ saY be requered by tAe INorc~~~tc •nd to D~Y 0*~Dtly rhen duc all premiums for such '
~nsur~nce. The ~moun[• of ~nsuc~nce requued by ehe Mort~~see sh~11 be the m~nimum amow~es (or wh~ch sa~d insur~nce sAall be Wr~tten
` •nd sA~SI be ~neun~ent upon the Mort~~{or to aw~n~~m sucA ~ddit?on~l ~nsurance as m~y br necessuy to meet ~nd comply (u11Y ritA
- al1 co-nuunnce rcquucments cont~~ned in sud pol?cit• to the end th~t the s~~d Morit~~or ~s oo~ a co-~niura thereunder.In~urance
- •hall be ~vruten by • coapanY w co~panus •Ppro~ed a des~~n~ted by the Mort~~~ee •nd •11 Dolic~es and renew~ls eAercof sh~ll be hclJ
Dy t~e Mwt~~ee. All deta~led des~~n~t~ons by ~he Mort~t~or Wh~ch are ~cceDttd by the Mort~a{ee and all asreements betretn Mor?{~~ot
and Mort~a~ee rel~un~ to ?nsur~nce, nor e:~sun~ or here~(ter e+~de, sh~U bt m r(ItIA~ and sh~ll be • p~tt of thu motl~a~e ~~rtemcet
•a fully aa thou~h ~e~ tath vero~t~m here~n and ih~ll ~orern botA p~rt~es hereto and the~r successors and ~ss~~ns. No I~en upon ~ny of
- aud polrc~e+ o( insursnce w upan ~ny rc(und o?retum prem~wn rR~ch may be p~r~ble on the cancell~tion a term~n~uon thereol, shelt
D~ ~~ven ~o ~tber ~h~n the Mort~~~ee, eacept ~r proper endoriement ~ff~aed to such pol~cy end •pp?oved by Ma~~~~ee. EacA pol~cy of
~ ~nwr~nce sh~!I h~v~ atiised tAueto a St~ndad Ne~ York Mort~~~ee CLuse ~r~thout Contrr`uuoo, mak~n{ all los~ or lossca under ~uch
po~~~Y D~Y~ble tn the Mortp~ec •s ~ts ~nteres~ may ~ppeu. tn the event ~ny •um or aums ot money Secome p~Yab{c thercunder the ~lort-
~~~ee •Aa:: hive th~ opa~an to rece~v~ and •09~Y ~~~~o~t of lhe ~ndebtedness hereby secured, or to perm~: the \1orc~aFnr
~o receivc •nd use it, or ~nY D~rt thercot. ~UAout therebr Wa~~in~ a impunr?~ any eQurty, l~en, w n~ht undcr and by v~r~ut of th~.
- morc~a~e. 1n e~en~ o? Iw~ a physic~l d~ma{e to ?he mwtaa~eC property the Mort~r{or ah~ll ~i.e irtr+~eduu nou~t thereof Dy ma~l t~.
- ~h~ Mort~~~ee ~ne! iAe Mo:t~~<<e may m~tt pruof of :oss i! tAe same ~e not mad~ p:omp!Il' b> the Atwt~aao~. Ir. cLCn+ f~~re.I~.~urc
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