HomeMy WebLinkAbout2342 PROVIDE(~, ALN'AYS, that i( the \1ort~a~or shall pay unto the \btt~atee the ~ndebtedn~ss ev~denced by a
ce~ta~n prom~sswy note of wh~ch the followin~ in wo[ds ~nd f~~urrs ~s a t~ue copy to-v?~t ~
,
~dNF~~L ~,~vw
3 ~QQ,QQ ~f;ami, Florida Januarv~_,..__ 19~_ ~
~ Futt v.a~t°E RECE:~~'E_u__ We_L_~ointly and severally prom~x p.. ~
~ i~~ ~h~ u~de~ u( NA'1' r'KLtllMAlv ~LKU, t G~._ t-
~ thr ~?~~ncipal ~~m ~tOne Thousan~~wo
Hunare an RO -~[N)I.LARJ, togeth~~ with int~rr~l ~
i thrrcun [rum dat~ at thr nte of trn prrcent, per annum until matunty, both pnncipal and i~trtest being payable in law[ul mone~ ut ;
~t~r (.nited ~tatc~ ~t '~'~~-t Ki.cayne Bl~d.. ~liam~. Florida, o~ at such other place as the holders hereof may dcsignate in wnt~nK. '
Princ~pa) and interect payable in installmrn4~ as fulluw::
Twenty-five ($25.00) Dollars per month, for thirty-five (35) consecutive
months, on the 15th day of each and every month, beginning on the 15th
day of March, 1972, and continuing until the lSth day of February, 1975,
at which time the balance shall become duP and payable.
~ Th~s note may be prepa~d ~n w•hole or ~n part after one year from the date hereof upon payment o( a penalty equivalent
I frve percent of the pr~nc~pal sun? prepaid.
f:ach ~mtaifm~ni }?a~~meni -iiaii br ~reditr~i f~r.t ua the interest ~~e. :r~! .5:~ :~~:.::.~er an ~:ir.~:p~l: acc! enLer~~! thrrr-
upun cea.r upun thr pnncipal ~u crrdited.
Th~ mak~~ and rndorser~ of thi- nutr furth~r a~ree to waive demand, notice of non-prymeet and protest, and in the event suit
~6alt br bruught fur the coUcct~un hrrruf. or the same has to be collected upon demand of an attorney, to pay reasonable attorney~~
~rr~ lur making ~uch coll~ction. i
U~feRed payment~ he«under ~hall brar ~ntrre~t at the nte of ten pereent per annum Irom maturity until paid. ~
7 hi~ note is ~ecured bv a mort~R~ o[ even date herewith and is to be conatrutd and enfotced ~ccotding to the lawa of the •
~tat~ of Florida: upon drfault in the pa~ ment ot principal ancUor interest when due, the whole eum o[ principal and interest
r.~ma~ning unpaid •h~ll. at the option of the holders, becume immediate due and payabley
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t~e- t ~ lf/!~<<.~~Z - (SEAL)
~ 2 - t "I - ' ~sEnL~
Prcparrd by ~prler & Tendri~h. .Attomevs - 2240 Biaayne ~vd.. Mumi. F a .
~ - ~
! w~th and ab~de by each and every the stipulations, agreements, conditions and cove-
ar~d shall pcr(orm. comply ~
~ nznts u~ said prom~ssory note and of this deed, then this deed and the estate therebr created shall cease and be
's' null and void.
~ 1. The Mort`agor hereby cuvenants and agrees:
' ts) To pay a11 and a~n~ular t~e p~nnp~i sod mttrest and otAer sums of moncy payable by v~rWe o( said prom~saory note •nd th~s
~ deed. or e~~her, promptly w~ the days respechvely the ssme severallY ~~~es due.
(M To permit, cortum~ or auf(cr no ra~te and ~o mamu~n the ~mprovements a~ all tmtes in a st~te of ~ood repau and cond~uoo, and to
j do or perm~t to be done to sud prem~ses eothm~ eh~t W~11 alter a chan~e the we ~nd chu~cter ot s~~d p~operty or m any W~y ~mpur or
~ .re~ken the secun~y ot th~s mex~~a{e. ~nd m case ot tAe retusal, ne~lect or m~b~lity ot tl~e Mort~~~or to rcpa~r and muet~~n a~id proper•
~ ~y, ~he bS«~~atee ma>, at his opt~on, mske ~uch repaus or cause the same to De made, and advance moneys m th~t beA~lf.
t
lc) To pay all and ~~n~ulu the hxes, aisessmenis, lev~es, lub~l~ties, and obli~~uons of every n~[ure on sa~d descrised propertY e~cA
~ and every ~hen dae and psyable accordm~ ~o IsM, be(ore they Decome debnQuent, and to deliver to the Mort~~~ee on w betore March
- ISth of e~cA year ts• rece~pts er~denc~ns the pa~men? ot •11 Lvfully ~mposed t~:es tor the preced~n~ c~lendu Ye~r, to ~ndeami(y ~he
~ Matpsee upon h~s demand (or all taaes, assessenencs and ch~r~es tAat may usessed upon this mort~a~t on tht ~ndebttdne~s s•-
~ curtd heieby, and pa~d Dy the mortp~ee, ri[hout re{ard ~o any la~r heretotore en~cted or hereJter eo be enacted ~mposm~ ~~yment of
the rhole or an> ~art thertot upun the Mor~~a~ee.
~ ldl To pay sll and ~in~ulu ~he cosis, char~es •nJ eapenaes, includ?n~ I~Wyers' (ees and ~bstr~et costs reasmasly mcurred ex pa~d si
any ~~Te by the Ma~~a~ee becsuse o( the (~~lure on Ihe part o( the Mat~a{or to perform, comDlY w~th and abide by e~ch and every the
~ st~pulaUOns. stree~eents, cond~t~ons and corenants ot sa~d proa~~ssory note and th~s dted, or e~tAer, and every such~p~yment shall beu
mtere~~ trom date at thc r~~e of ten (lOS1 per centum per annum.
~ (e) It u(urU?er corcn~nted ~nd •{reed by •~~d p~raes ihat m the erent o( a su~t bc~n~ ~neututed to forecloae th~s mort~~~e, ~he Mort•
~ ~~ace sA~ll be mtitled to apply •t •ny time pendin~ such foreclosure su~t to the court harm{ juriad~et~on thereof (or the ~ppo~n~ment
of ~ recei~er o! ~11 snd ~in~ular the mo~ta~~ed property, and ot ~11 rents, ~ncames. profits, issuei and revenues thereot, (ros ~rA~tsoever
~ swrce dtn~ed: ~nd ~Aereupon ~c hereby e:pe~slr corenanted aed ~~reed tAa[ the Court sh~ll forthw~ll? ~ppoint sach recerver vuh
tAe uswl po~rers and dutur of rece~vers rn lite cues; and •~~d appointment sAall be m~de Dy the court u a mateer of stnct n~ht to
:l:c !~latiasee, snd Yi~Aout rtterence to ~he ~dequ~cy a in~deQu~cy of the v~lue ot the ptopertY hereby mortp~ed. or to the solrency
or ~n~olrency of tAe Mort~~ta• or any other p~rty defend~nt to ~uch su~t. The Irlort~a~or hereby specdwally w~ivr~ the ri{ht to ob~ec~
- to the •~omta~enl of a tece~~er •s •faesud ~nd hereby eaprenly consent~ tb~t such •ppo~ntment sh~ll be m~de ~s ~n ~dm~tted cqu~ty
- and ss ~ ~utter of ~bsolute n~ht to the Mat~a~ee and that tAe nnfe m~y be do:+e .~thout nouce eo ihe Mort~~sor.
'(f) J! faeciosure prxeedmp should be maptuted ~{~inst the ptoperty covered by tbu mort~~~e upon any other I~en a cla~m rhether
- slle~ed to be supenor a ~uniw to the I~en o( Wis mort~~~e, the Mat~a{ee msY •t his opuon ~mmedutelY upoe inytituuon ot such suu
or dur~n~ the pendency thereof decl~re ~h~s mort~~~e •nd the ~ndtbtedneas securtd hereby due and p~yable (ath~r~~h and may at ~~s
opt~on proceed ~o faeclo~e th~s ma~a~~e.
`s TA~t the Mwtp~or ~ill k~ep all ~eal ~nd personal property nor a htrufter encumbered by ihe I~tn o( thu mort{~~e msurtd as may
- bt required tran aine to t~me by the Mort{a{ee ~~~~nat loss by f~rt, .~~ndstorm ~nd other h~zuds, c~sualtus ~nd contm~enc~es (or such
_ oer~od• •nd ia no~ le~• N~n au~h seaun~• w~y be rsauueA Ey the Mort{~~ee ~nd to pay pranp~ly .hen due ~11 prcm~ums for such
maur~nce. The ~mount~ 0/ m~wu?ce reqwred !y tbe INort~~~te aAall be tAt Am~mwn ~moun~s for rhicA sud ~nsw~nce shsll be wr~tten
•nd ~t sh~ll be ~ncusbent upon the Morta~~a to w~~nq~n such •dd~Ua?~I ~niut~nce ~s m~y be nccess~ry to meet ~nd comply (ully ~~th
,itis ~II co-maunnce re~uesents com~~ned in s~~d po6ciei to tbs tod th~t tAe sa~d Mor~~~{or ~s not s co-~niurw thereunder,lnsur~nce
~h~ll be .r~tten by ~ cosp~nY a cawpan~cs •Ppro~ed w des~{n~ted by the Mor[~~~ee •nd ~II pol~c~es and rene~~ls ihereof sh~ll be he1J
- by tt~e A1atp~te. All deta~led des~~n~t~ons by the Nott~~{or rhtcA ue ~ccepted by the Mort~~~ee ~nd all a~rtemtnts bet~reen Mott~~~or
~ and Mort{~~tt rtl~t~ns ~o ~n~unnce, now eYistin~ ot here~(ttr sude, sh~ll be in rntins •nd sA~ll be • p~rt of thu inat~a~e •~reemcnt
,`4 u tullr thou~h se~ (ortA rerp~Um hert~n •nd shdl ~o~em bo~h p~rt~es hereto ~nd thar successors •nd ~ss~~ns. No I~en upon ~ny ot
s~id poticus of msur~nce w upon ~ny refund o?reroro Prem~ua~ ~hich m~y be p~y~ble on the c~ntellihoe or term~n~uoe thtrtot, sh~ll
- De ~~ren tu ~tber rh~n ~he Mort~~{ee, eacep~ by proper endor~einent •ff~aed to ~uch pol~cy •nd ~pprored by Mat{~~ee. Each pol~cy nf
- ~n~ur~nce •h~ll h~r~ itf~.ed ~hereto • S~~ndud Ner York Mor~s~~ee Cl~we ~ruhou~ Contt~buuon, m~k~n~ all los~ w tosses unJer ~uch
pol~cr p~Y~Dle to tAt MortN~ee as ~ts ~atuest m~Y •Ope~r. In the event ~ny swn or aums o( moncY ~ccane payaDle ~hercuedtr the ~1o~t-
~~{ee sAs:: h~ve ~he op~~on to race~re snd ~pply tAt •~~c on ~eeoaat of the mdebtedness hrreby securcd, m ~o perm~t thc Nor~~afnr
~o rect~ve and use ~t, w•ny put thereof, ruhout thersbr ~~iv~n{ a nnpurm~ any equ~ty, hen, o• n~h~ under and by vut~t o( thu
nw~t • e. In even~ of lou o~ ~e to the ma~ • eC ~a~a sh~U ~~re ~mned~~te nou~c tAereof by ma~l t~~
- i{ pAYS~c~I d~m~ { ~ poperly thc Mort
tAr Ma~~~~ee •nd the Atort~~~ee m~y mate pn.of of losa if !he s~me ~s not made promptly bti the ~tor~~a~or. In e~ent n( l.,re.l~~urc .~1
' 9~COK~~O P11C~~~~~
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