HomeMy WebLinkAbout2439 PROYtDE(1, I1LwAYS. th~t if the Mort`a~or shall pay unto the ~+Io:t~a~ee the ~ndebtedRess ev~denced by a
ce~tain ptom~saoty note of which the followin~ ~n words and fi~urcc ~c a true copy to-v?it
_ _ _
I~ay~C~C J~at~
1, 975 . 00 Miua;, Flo~da~4v~~g...ber 2,~ ~9 71
FOR VAI.UE RFC IVEQ e ' o t and severallv t
~e, the order of FREDERI~K S ~ promise tu pay 5
ihr principal sum oi ORE ThOUS8i1 Nine Nun re eventy- ive an W~R,~, together with interest ~
~ thcreon [~om date at the ratr of ten percent, per annum unti) maturity, buth principal and interest being payable in IaNfu) money of
the United States at ~244 $iscayne Blvd., ~liami, Florida, or at such other place as the 6olders hereoi may designate in writing.
~ f'rincipal and intereat payable in instailments as follows: ~
I
Forty-Five ($45.00) 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. . • i, ~
1
! This note may be prepaid in whote or in part after one year from the date hereof upon payment of a pcnalty equivalent
~
~ iu five percent of tht principal sun? prepaid. i
1 Each installment pa}~ment shall t~e credited Crst on the interest due, and the remainder on principal; and interest shall then-
~ .epon ceax upon the princiF?al so credited.
1 ix maiceta and endorsen oi ihis ~oie further ~rc-~ to wai~e der~arrd, noLicr uf nssn- sysss~ni s~d g!*_~te~l, and in the event suit
hall be brought for the coUection hereof, or the same has to be coQected upon demand o~an attorney, to pay reasonable attorne~~
~ tfr~~~ [or making such cullectiun. .
~ IkfeRed pa} ments hereunder shall bear interest at the rate of ten peccent pe~ annum from maturity unti! paid.
I This note is ,recured by a mortgage of even date herewith and is to be construed and enforced accordin~¢ to thc Iaws of the
~'~tate of Florida; upon default in the payment of principal andlor interest when du~, the whole sum of principal s~nd inteRS: j
; r~maininR unpaid shatt, at the option of the holders, become immediat y due and payaWe. i
~
! ~ c..- °l~l ~ l ? (SEAL).
I
t ~
~ Pre red b kler & Tendnch, Attorne ~ (SEAL)
pa Y Sp ya -..240 Biscayne Slvd.. Stiami, Fla'
-
#
i ar~J shall perform, comply w~th and ab~de by each and overy the stipulations, a`reements, cond~tions and cove- ;
nants uf sa~d prom~ssory note and of this deed, then this d~ed and the ostate thereby cteated shall cease and be ~
F
null and void.
~
t 1. The Mort`a~or hercby covenants and agrees:
(al To pay aft and sm~ular the prenc~pal and ~nteres~ and other sums o[ money payable by vutue o[ aaid prom~ssory note ~nd th~s
deed, or e~tAtr, pomp~ly on the days respec~ively the s~me seMerally becoaes due.
Ib) To permu, come~u a su!(er ~o wayte a~d to mamum thc improvements at all t~erca in a at~te of ~ood repau and cond~t~on, and to
' do or yermrt to be done to s~~d ~em~ses nothm~ tAat w~It alter or cAan~e tAe use aad cAusc~er o! aa~d poperty m in any ~rsy ~mp~ir or
Weaken the securlty of th~a mo~isa~e. 4nd m casc of the retusal, ne~lect or in~bility ot tbe Mort~asor to repau :nd a?tint~in ~~id proper-
iy, the Mor~~s~ee m~~, at h~s opt~on, make auch repa~rs or cauae the s~me to be made, and adv~nce awneys in that ba6~1f.
(c) Tn pay •11 and ain~ular tAe tsxec, assessmenis, lev~es, I~~b~l~hes, tad obli~tioas ot every ~uture an said desetised property e~ch
and every ~rAen due and payable accad~o= to la}, befort they becqne deliaquent, lAd to deliver to tAe Mort~~~ee a? or befae MarcA
lSth o( e~ch year ua rece~pts ev~dencin~ the p~yment ot •11 I~wtully ~mpo~ed laaes (a the preced~n~ c~lendsr year• to indean~ty the
Mort~a~ee upon his demand (a all t~aes, assca~ments and ch~r~es that m~y ~asesscd upon tl~is mortsa~e on tAe•iadebtedne~s s~-
cu:ed hereby, and pa~d by thc moryajee, ~~ithout reaard to any I~v Aereto(ote en~eted or here~fter to be enacted ~mpwin~ ~yment of
the ~vhoie or any .vrt theteo( upoo the Mort~~~ee.
ld/ To Fay •II and a~r?~ular the costs, char~e~ and eapenaea, includ~n~ laryers• (ees ~nd ~bstr~c~ costs re~sonasly ineurted nr p~?d st
•ny umc by the Mwtp~ee because o! the h~lure on the prrt of the Mortpsor to per(orm, comply witli and abide by each and every the
. lilpui~i~viii. ~~(~2mci.iG. C'wwu~v.w tO:tAL:S:t Q~ ~~:L~ i•^!:%S~_'• _
J'"--- --4 ~e,. ~h,s deed; nr enher, md everg ~uch'o~trment sh~ll beu
~ntere~~ fraa d~~e ~i ~he r~ie of ten t 10'L) per cemwn per annum.
(e) It i~ (rr~her coreaanted ~ad a{reed br ~tid p~rues th~t ie the event of a swt be~n~ uuuwted to foteclose N~s mat~a~c, the t/ort-
Mies ahall be eetitkd to •pp1Y •t aoY tiwe pendiry aueb toreelosure suit to the coun h~v~r4 jur~sd~ct.m Wereo( (a IAt a~o~N~ent
of ~ raeeiver of dt and siasular the mat~a~ed property, ~nd of ~II teati. ~aeomei, prof~ts, i~~uei and reveaeea thereof, froo vhaqoever
swrce denred; ~nd lhereupon it ~c hereby eapres~lr covenaated ~od ~~teed tA~t the Coun eA~tl (otthaiM ~~oint rucA reee+~er retA
the uswl parers ~nd duties of receivets ~n like c~sei; ~ed ~tid ~Opo~ntmtnt shall be m~dc by the court as ~ m~tter ot strict ri~At ~o s.,
the Mortp~ee, and ritAout reference ~o the ~depwcy a m~dequ~cy of the v~lue o! the property hereby ieortpaed, or to the aol~ency ~
or uuolveecY of the ~torts~~er• ur any otAer p~r~y de(erW~nt to ~rcA suit. The Aforti~~or hereby apecet~c~lly rraiyes tAe riab~ ~o ob~ect
to the •opo~ntaem ot ~ rece~ver ~s atwesaid ~nd hereby e:pre~ily cat~aenu tAat ~uch ~ppo~nta~ent shall be made •s ~n ~dm~tted eQu~ty
•nd ~ awtter o( ~b~oiute r~~ht to the Mort~s~et and lhat tAe •~me ~Y Se do:?e r~tAout not~cc to tAt Mort~~aor.
(f) )f (oreclosure proceedlep should be inshwted ~qmst the property tovered by thu mortpse upon any other lien a clum nc~ther
•lie~ed to be supenor ot )unia to Ne I~ee of ih» motya~e, !ht ~/ortsa:ee inay ~t Ais opUOD ~eunedtately ~pon ~nst~tuum oT such swt
ar dur~n~ the pendency tAereof declare tA~s morts~je and tht ~ndebtedncsa secured hueby due ~nd p~y~ble fwtt~r~th ~nd m~y at ~ts
opi~a+ proceed to taeclwe tA~s mat~~~e. ,
~
~f) T~+~~ Mortia~or r~11 keep all real ~nd perso~~l proper~y no~ a Aere~fter encumpered by the I~ea ot thu mort~a~c ~nsured ~s may
bt reawred lran tuse to Ume by the Mortsa~ee ~pmst loss by (~re, ~r~odatorm aad other h~s~rds, c~swlue~ aed cmtui~enc~es tor such
oenod~ •nd (or noi le~~ th~n •uch •saunt• Ray be reau~red br the Abrtp~ee ~nd io psY prowptlY vhen dee •1{ pem~wns for such
~naur~nce, The ~wount~ of m~w~nct requusd by t6t Aiort~~jee ~A~II be the m~aimwe aaaunts for rh~cA a~rd maurance shal! be irr~uen ~
~nd n shall be ~ncwnbent upoo the Mory~~or to w~~nqin sYCh ~dd~uaul ~naur~nce ai ewY be necess~ry to mett ~nd canply tully ~~~h
•Il co.~nrur~nce ~eqwteaents conts~ned in s~~d pol~cie~ to the eod U~t tht ssid Mort~a~or is not • co•~nsuror thercunder.lnaunnce
~
sh~ll be ar~ttee by ~ tos~ny or cawpanie~ •oprove0 or dea~~n~ted br the Mataasee and ~ll pol,c,es and rene~~ls thereof sh~ll bc Atld ~
by the Mat~s~ce. All deyiled des~~n~uons by the Mat~~aor rrh~tb ~re ~cceptad br Me Mortp{ee ~nd ~II yreeaaents pe~wten ?1on~a~or ~
and Mort~~aee re1~Un~ to m~ur~nct, no. e:lst~na or herc~tter eade, ah~U bc in rrnia~ and sAall bt ~ p~tt of th~s matp~t ~~rtee~tnt
luNy •s ~Aou{A set Jor~A rerbat~n~ bere~n ~nd ih~ll forem 4ott~ p~rt~ea hereto ~nd tAtir successors ~nd ~ss~~ns. No I~en upon any of ~
a~id pol~c~es o( msur~nce o? upa+ •nr re(und o?return prem~um vhuA ~y be p~r~ble oe tAe c~ncell~t~oe or urm,eauon thereot, s~~11 t
bc ~wen w ~ther than the Mor~{~aee, eacept by proper endw~eeroet athaed to sucA pol~cy ~nd ~pOrored br Alort~~{ea E~ch poluy of ~
m~ur~nce ~h~ll Aave a(i~,e0 ~hereto a Si~ndu0 Ne.. Yak M{oreN~ee Cl~use ~~tAoat Coa[r~buuon, mak~n~ all losa or losses under such
pot~cy psy~ble ~0 1ht Mort~a{ee •s ~ts ~p1tflfl ~y ~p~~f. ~O IAt tript ~py ~wn or ~uias of money Secome p~yable thettundtr tAt Nort- "
~a~ee sAat: h~re ~he ophon to rece~ve snd •OO~Y dK uAC aa st~ornt of the ~ndeAtednest hereby setured. w to perpit !Ae Yo?isa~or '
~o rece~ve ¦nd wt u. a•nY Wrt tAereot, without tAtrsb ~r~~vm a nn ~u~ '
r t P any eQu~tY. hen, a n~At under and by vutue ot tAu
enor~~ye. In event of lo~• a pAys~c~l d~ea{e to the e?orlaa~eE property the Mort~~~a sh~ll ~~ve ~mmed~ate notice thereof by rr.a~t t.~
" Ihe ~lorip~ee ~nd ~he Mort~a~ee may make prool of los> >t tbe ssme ~s not msdr promptly b~ thr Mcrtsa a .em n ~ /~e nf ~
, ~0 K ~RYF.~~~V `