HomeMy WebLinkAbout2339 PROVIDEfI, ALW'AYS. that ii the 4brt~a~or :hall DaY unto the Mott~a~ee the indebtedness ev~denced by a
cettain onxn~:sorv note of which the followin~ in wotds and fi~u[rt is a ttue eopy to-w~t: "
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3~ 25Q~OQ I1f;ami. Florida January 5, 1 7 2
FOR ~'ALI~E: RECf'l~'ED__~~,^ioi~ nt1T and severally prom' copay
_ DL`ADT CI~tTC~'T
~ :u ..~a wii:i i:: _:i:.=..:~..-~.~~~u -
th~ pri~~cipal :~m o( Three Thousand Two HuR re 1 t}? an RO pn~,L4RS, to~ethe~ with int~re•t ±
thereu~ (mm date at th~ nte o( lrn pcnent, per annum until maturih, both principal and int~rcst bring payabl~ in (aw[ul moncy ut ~
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th~ 1 nited ~tat~• at '~2-L-1 Bucayne Bl~d., ~tiami. Florida, or at such othet place u the holders hereo( may designate in wnting. ~
~'nncipal and interest payable in i~stallments as folloNS:
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? Fifty-five ($SS.00) Dollars per month, for sixty (60) consecutive
months, on the 15th day of each and every month, beginning on the
15th day of March, 1972, and continuing until the 15th day of
March, 1977, at which time the balance shall become due and payable.
This note may be prepa~d ~n wh~le or in part after one yeu irom the date hereof upon payment of a penalty equivalent
tu f~ve percent of the princ~pal sum ptepaid.
Fach instaliment payment ~hall be credited first on the intercat due, and the remainder on ~incipal; and intercst shall thrm-
' ~ upon cease upun the principal w crrdited. ;
; The maken and rndurrn of thi~ note further a~ree to waive demand, notice o! non-paymrnt and protest, and in the event wit
.I~all br brought for th~ collection hereof, or the same has to be collected upo~ demand of an attorney, to pay reasonable attom ~
frr~ [cx making such collection. ~ ~
Deterred paymrnt~ herrund~r shall bear intercst at the nte o[ ten petcent per annum (wm msturity until paid.
7'his note is cecurcd by a mortga~e of even date herewith and is to be construed and enforred according to the laws oE ~the
`~tat~ of Florida: upon drfault in the payment of principd andlor in~t when due, the Mrhole sum of pri~cipal and interedt
~ rrmainina onpaid shall, at the option of the holde~a, become immediately due and payaWe. _
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, ~ ~ - ~r t L~-~-. (SEAL)
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,~L.~*--'~t-~,`L'(fI `~~ri`c~J'`~•
. , (SEAL)
Pnpared by ~prler & Tendnch, Aitorncya - 2240 Bi~ayne Blyd.. Mumi. F
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ar~d shall perform, comply w~th and ab~de by each aad every the stipulations, agrcements, cond~tions and cove- ~
nants of sa~d promissory note and of this deed, then this deed and the estate thereby created shall cease and be
null and void.
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~ 1. The Mort=agor hereby cuvenants and a~rees:
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(a) To p~Y a11 and ~~n~ulsr the pr~nc~p~l snd ~nterest an0 other suma o[ money payable by v~rtuc o( sa~d prom~ssory nott ~nd t ~s
= deed, w either, pomp~iy on the days respect~velY ~he same severally becomes due.
Ihl To perm~t, caem~~ or suHer no ~rayte aad to ma~nt~~n tAe ~mprovements at all ue~e~ ~n a sute ot ~ood repair •nd cond~uon, and to
do or permu to be done to s~~d premises nothm~ that rill slter or cAae~e [he use and ch~r~cter of sud property or ~n any w~y ~mpur or
re~ken the stcuntY of th~s mort~~~e. And in cssc of the refussl, ne~lect or ~nability of the Mort~a~or to repa~r and maint~~n s~~d proper-
ty, ~he Ma~p~ee m~y, at h~s opt~on, mske such repa~rs or cause the same to be made, and adrance moneys m that beh~lt.
= lcl 7o paY all and a~n~ulu Ne uacs. assessmea~s. levies. I~ab~l~ties. ~nd obli~~uons o( every nature on s~id described property e~cA
and everr rhen duc snd p~Yable aecad~a~ ~o la+, befare they become det~nqutnt, ~nd to del~ver to the Mort~a~ee on or be(ae Alarch
IStA o( e~cA ycar t~• rece~pts ev~deocin~ tht pa)ment o( •11 I~v(ully ~mposed t~su for the precedm~ c~lendsr ye~r, to mdemn~fy the
j Mat~a~ee upon h~s dem~nd (or all taaes, •sscsaments •nd ch~r~ts tA~t rs~y ~s assessed upon tAis mort~a~e on the indtbtedness s~-
cured hereby, and pud sy the mat~a{ee, r~thout ~e`ard ~o •eylrr bealofae cnacted a here~f~er to be eaacted ~mponn~ !f~yment of
iAe rhofe w any ~srt ~hcreof upon the Mor~~a~ee.
' (d) 7o p~y all and a~n~ular thc costs, chsr~es anJ e~penses, ~nclud~n~ I~~ryera' lees and ab~tr~ct costs reasonably mcurred or p~id at
an~ i~me by iAe Mat~~~ee becsusr o( the f~~lure on tAe part ot tAe Mortta~or to per(orm, comD1Y w~~h and ab~de by e~ch ~nd every ~he
~ supulauons, atatmenis. cond~UOns and corce~nts of s~~d ptoousay note ~nd th~s deed, or euber, and every such~p~yment shall be~r
~ ~ntere~~ (rae dau •t the rste of ten (10'L) per centwn per snnum.
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(c) It u(ur~her cowen~nted •nd •{reed by s~id p~tt~es th~t in the erent of a suit be?n~ m~t~tuted to taeclose thla mort~~~e, the Mo~t-
~a{es iA~ll be em~iled to ~pply u•ny tiwe peed~ns such fo~eclosure su~t to the coutt h~wa~ jur~sdict~an thereot fa N~e ~Ppointment
~ of ~ rsce~~er o( ~11 ~nd ain~ular Uc matp~ed propetty, ~nd ot ~D renti. incae~es. protus. ~uuq ~nd revenuei thsreof. tros rh~tsoever
w= source denved: snd thereupon ~t is hertby tapreulr coreaanted •ed ~~rsed tbat tAe Coutt sMll (otth~r~tA aPpo~nt sucA rece~ver w~th
~ the usu~l pwers and duass of receiveri in lite c~ses; ~ed •~~d aPpointaent sAall be te~de by tRe court ~i s n?~tter of strict ri~At to
- U+c wiatp~ee. u~d ~.~thoat re(erence to the sde~wcy w iaadeqaacY a! tke vslue o! tAe propsrty A:rtbY eeat~~{ed. w ~o ~he aolvency
- or ~nsolrency o! ~he Mort~~~ors or any other puty delendant to ~ucA su~t. The Mort~~ior hereby ~pcc~fie~11Y waives the r~~ht to oA~ec~
~o thc ~~o~nt~en~ of ~ receiver •s •torei~id and hert0y etpe~slY con~ent~ ts~t •uch •ppo~nusent sh~ll be ~aade ~s an ~dm~ued equi~y
•nd a m~tter of ~bsolute n~At to the Mort{~{ct snd th~t the •une te~Y St da.+e v~Nout notict to the Mott~~~or.
(f) Jf foreclosure prxeed?nN should be insututed •s~inst tbe ProOttty covered by tAs• sort~~~e upon any other I~en or cl~~m rAether
¦Ile~ed to bc supsnot a ~ouia to the I~en of Ni• mort{~~e. the 61at~~~et m~Y •t Ais opt~on ~mmed~uely upoe ~nyutut~on of such su~t
_ or dur~n~ tAe pendency Ufereo( decl~rt tA~• mort~~~e •nd tAe ?ndebtedness secured htreby due ~nd pay~ele twth~~th and m~y at i~s
- opt~on pocced to ra~~io.e N~. ~«~a•a•
(~l That tAe Mortp~a r~ll kee0 resl snd pcrsonal popettr nor or here~fttr encumbcted by ~ht hen o( th~s ~t~a~e ~nsured ~s m~y
be rtqu~red fros~ hse to bse by the Mort~~~ee ~p~nst loas by (ue,-s~eds~an~ snd o~her h~zuds, c~swh~e• ~nd cooun{ennes (w such
psr~od• ~ed ior not les• tA~n su~h ~wount~ ts ~y be rsquued br thc Mort~~~ce ~nd to p~Y promptly ~rhen due •11 prcmiums (a sucA
'~3 ~nsur~ncr. The saounts or ~asur•ece req~~red or ~ee Mort~~~ee ~A~11 be the a~emmwo •nwunu (or ~h~cb sud ~n~ur~nce ahall bc rntten
~nd i~ ah~ll be mcusrem upoe tAe Irlort~a~a to a~~nta~n aucA ~dd~uon~l ~n~ur~nce •s n+~Y pe necess~ry to mett ~nd comply fullr ~viih
- •I1 co-~naw~nce rcqu~re~ents cont~~ned in s~id Pol~cie~ to tb~ eod tA~t tht ss~d Ma~~~~a ~s not ~ cw~n~uror thereunder.lniur~nce
sA~ll be ~rruten by ~ cosP~ny o~ cowy~u~t~ ~Oproved or du~~n~ted by the Mat~a~ee •n0 ~II polic~es and ~sneo~ls thereo! sh~lt Se helJ
by ~Ae 11o+tp{ce. All detailtd dts~{n~t~on~ by the Mort~~~a rhicA ue ~cccPtsd ~r tAe 11at~~~ee ~nd all a~reenunts be~~recn Mort~a~or
and Mort~~sse ~sl~hn~ to ~n~urance. nwr ea~slin~ or herc~(ter w~ds, ih~ll be in +~nun~ ~nd sh~ll be ~ p~r~ ot thu ~nort~a{e •~reemeni
•s (ully as thou~h ast forth re~b~i~s pers~n asd shall ~overn botA p~rass hercto ~nd their successors ~nd ~ssi~ns. No tien upon ~ny of
- a~id Pol~c~es of ~n~ur~nce a upan aup rtfuad Ntetrrn ~em~ue ~h~ch eur be pay~ble on tAe c~ncsll~t~en or ~e~m~n~uon thereof, sh~ll
bc ~~vcn ~u other ~h~n the 4ort~a~et. eacept er ptoper snd~r~esent •ff~acd to ~uch pol~cy ~nd ~Pproved Sy Mort~~~et. EacA pol~cy o(
- ~n~w~nce •b~ll have •I(iaed thsreto ~ Et~nd~rA Nt+~ Yak Mat{~~ss Cl~we ~ithoYt Conu~but~on, m~k~e{ all losa or losses under ~uch
= pol~cr p~Y~slc to tAe Ma~p~se u us ~ntertri nNr •y~u. Is ths w~st ~ny iwa or iw~s of naneY secane p~Yablc 1Aereunder [he Nor1-
- {~~ee ~h~tt h~re ihe option to recsive snd •Pply tbe ~~*s on ~eeount of lhe ~n0ebtedness hereby secured, or ~o perm~~ t~e Nore~aEn~
' x to rsce~~e •~d wt A, or ~ny Nrt tAsreo(, r~tAout thtts~r pivin~ a ~n~O~~nn~ •ny tQu~tY. fietr, or rt{ht~undtr •nd by vutue o( tA~~
_ ~or~~ye. event ot Ic~ a phYa~c~l A~~~~e to the ~t~~~ed proPenr the Mat{~{a shall ~~vs ~bned~~tt not~ct therto( by m~~l
iAe Alatp~ee and tAe A4ort~~~c~ .a~y make proof o( Ioss if ~he s~me i~ not made pruenptly b t M In eren~ nf fure.l~~ure nl
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