HomeMy WebLinkAbout0749 PROVIDEn, ALWAYS, that if the ~1ort~a~ot shall pay unta tho ~1ort~a~ee the ~ndebtednzss evidenced by a
certa~n pr~xnissory note ~i which the tollow~n~ in words a~d fi~ures ~s a true copy to-N~t
~ .
925.0~~ Viami, Flo~ida Januar~22~ 1~~_72__
F/1N ~:V.l'f: RF:f.E'1~'f:l) I ' ! promisr tu pa~
t~~ thr ~nl~•r o( BERNARD P. -SHEING~I~- ~ -
' thr pnu~•~~~~I .u?n Nin~lundred 'I~aenty~f ive aRt~ ri0710~ pO~,~„-~~~, ~UKether w~th mtrr~•~t
lhrrrun frum dat~ at thr rate uf trn pr~crnt. pe~ annum until maturih~, both pri~cipal and intrrest bring pa~able in IaMiul monr~ ~It
thr l nit~d ~tatr~ at '~:t-~-t ki.ca~ nr Hl~d.. ~liami. Florida, o~ at .uch other place as the holders heceoi may designate ~n wnUn~.
Principal and mter~:t payable in in~tallmen4. as tolluw.: ,
Thirty ($30.00) Dollars per month, beginning on the lSth day of
March, 1972, and continuing on the lSth day of each and every ;
month thereafter until paid in full. `
This note ma~~ be prepa~d ~n whole or i~ part after one year ftom the date hereof upon payment of a penalty equ~valent
tu (~ve percent of the pr~ncipal sum prepaid. ~
' fach in>tallmrnt pa~ mrnt ~hall br ~reditrd (~nt on th~ interest due, and the remainder on ptincipal; and intercst 3ha11 thrn•-
upun reasr upun Ihr pnm•~pal K~ crrd~trd.
. Thr mak~n and rndunen u( this nutr furthrr agrrr to waive demand, notice of nompavment and protest, and in the event ~uit
-IiaU br bruuKht [ur thr cullrctiun hr~ruf, ur the ~ame ha~ to be collected upon demand oE an attorney, to pay reasonable atturne~
I I.•r. tur ~naking ~uch rulfrct~un.
U~ferrcd pa~ mrnt~ herrunder ~hal! bear interr.t at the nte of ten percent pe~ annum (rom maturity until paid.
I 1'hi~ note is .ecured by a mortg-aR~ o( rven date h~rewith and is to be construed and enforced accvrding to the laws o the
~tatr of f lorida; upon drfault in th~ pa~~m~nt oi prin~ipa) andlor interest when due, the whole sum of priacipal a~d in rest
~ n•nw~ning unpaid ~hall, at the option of th~ holders, become immedi 1 due and payable. ~ ' . ;
' ~ - ~ ~ Gc:r :i' (cE~L) -
(SF.AL)
Rrcpar~d b~ ~prcler 8 Tendnch, Attomer~ - 2240 Bueayne Blyd.. !11umi, Flarid~
and shall perform, comply w'~th and abide by each and every the stipulation~, a`~eements, cond~tions and cove-
nants of so~d prom~ssory note and of this deed, then th~s deed and the estate thereby created sh~ll cease and be
f null and vo?d.
i 1. The Mott~a=or hereby cuvenants a~d a~rees:
j (a) jo pay ¦11 snd ~~n~ulu the pr~nc~p~l and ~nures~ snd oiher suma o( money payable by vutue ot sa~d prom~ssoty note ~nd tk~s
dced. a e~ther. panp~ly o~ the dsYS respecl~velY the same sever~lly becwees due.
?
1~1 To permu, coaau w autter no Waate sed to mainu~n tAc ~mprovements ali t~mes in a stue of sood repau •nd conditson, aed to
i do a per~u to be done to sud premues notA~at ~hat +~ill alter or cAan~e tAe use and cAu~ctet of aald property a ~n ~ny +ray ~a~psu or
~ re~ken the securuy ot th~s mor~{~~e. ~nd m use ot iht refusal, ne~lect or ~n~b~6ty ot tAe Mwt~~~or to repau ~nd e~intnn aa~d proper-
~ ty, ~Ae AAa~p~ee may, u A~s opua+, make sucA repsus er cause tAe same to pe ~ade, and advance a+oneys m tAat b~A~lt.
d
~ Ic) To pay ~II and .~n~ulu the t~Rea. assessments. ler~es. lub~l~ties. and obliaauons o( ererY A~lYft Of1 lald dtSCflbCd pfOptflY Cat
and everr ~rAen due and payaDle aecord~ni to 1~+, befae they pecome dsl~aqueat, and to del~ver to tAt Morti~~ee on or Sefae t~larcA
s IStA ot e~cA Year ua rece~p~s ev~deoc~n~ tAe pa~mMt o( •1) I~~fully ~sposed t~aes tor the preced~e~ c~lend~r ye~r, to ~ndeesmtY the
~ Alwt{~{ee upon h~s deannd Ior all taRes, ~ssessmenu •nd char~es th~~ may =s usessed upoe tA~s mort~a~t on the ~ndeptedneas s~-
- cured Ae~eby, and pa~d Ey the mort~a{ee, ~~tAout re~ard ~o ~ny I~W heretotae en~cted or herea(ter to De enacted ~mpos~n~ ~ayisent o(
tAe +~Aoie w anr ^ar~ ~hereo( upon tAe A1ori~asee.
~
(d/ To p~y all and a~nsular the costs, chsr~es ~nJ eaptnaes, includ~n{ I~ryera' fees s~d abatr~et costs re~sonably ~ncurred ex p~~d a~
~ •ny unie by tAc Mori{a~ee because of ~he f~~iure on the part ot the Mort{a~or eo perfam, comDlY vuh and ab~de by e~cA ~nd e~erY the
~ supulaUOxs, a~~temsnts, cond~hons and corenants o( s~~d ptae~ssory note and this deed, or cuher, snd every ~ucA'paye~ent shall be~r
~ ~nurc~t (~om d~te ~t the r~te ot ten 1105) per cenwm pcr annum.
~
• (e) It is furtAtr coren~ntsd ~nd •~resd by ~~id p~rhes Q+~t m the event o( a suit bc~n~ inal~tuted to (o~eclose th~s mat~~~e. Ne Mori-
7 t~~ee ~a~ll se enutlsd to •pply ~t ~ny eiee pesdin~ sucA fo~eclosure su~t to thc court hav?ns junsd~cuon tAereof ta tAe ~OOo~O~sent
~ o( ~ racener o( all ~nd sin~~lar cAc sort~~~ed propsrty, and o( ~11 rents. ?ncomes. profits. ~~iuei aed reveeues thersot. fros rh~tsotret
~wrce den•ed: and tAererpon ~t is Aereby espruily corsn~nted ~nd ~~reed tl?~t the Court sh~ll forthritA ~opo~nt aucA rece~ver .itA
tAe WY~I p0~ltS and dupe¦ of roceivers m like cusr. ~nd said •ppo~ntment sh~ll be m~de by tAe cowt u a m~tur of strict ri~ht to
the Mat~~~se, u~d ~~thout reterenct to the ~deou~cy or in~deou~cy of the v~lus of tle proper~y Aereby matss{sd, or lo the aolvency
; or ~niol~sncY o! tAe Mwt~~~ors or ~ny o[Asr puty dettnd~nt to sucA •u~t. The Mo~t~a~w hereby spec~hc~lly .~ives the n~ht ~o ob~ect
f tu the •~otet~ent of • rere~vsr ~(mes~~d ~nd heteby eipte~slr conitnts tAat •ueh •ppo~ntment shall be sade •a ~n adm~tted equ~ty
~ •nd u~~tter o~ ~bsolute n~ht to the Mort~~~ee and th~t ~he ~~~e maY pe da~e x~thout notice to tAe Mort~~sor.
= (!1 )f forecloswe procesd~n~s shoul0 be inat~tuted ~{~~nst tht property covered by t6u mort~~~e upon any other I~en or clum Whether
- •Ik~ed w be supsr~o~ o~ ~un~or to iAe leen o( tAu ~eat~~~e, tAe Mort~a~ee maY •t A~s oPUOn ~mmedi~tely upoo mrutuuon of such ~u~t
a dunn~ Ne pendency tAereof declue tAis mat~~~e •nd ~he ~ndebtedness secured Aereby due ~nd p~y~Ele IortAr~tr and m~y at ~t~
opt~oe poceed ~o (aeclo~t tA~s mort~~~e.
TA~~ the Ma~~~~or r~ll keep sll real ~nd petson~l property no~ or Aeru(tet encumbeud by tAe I~en of thu mwt~~~e ~nsured ¦s may
:`i Ls requ~red (row ha~t to I~we by Ne lrlw~~~{ee ~p~nst loss er r~«. ~~nds~ors and other A~:ards. cuwlues ~nd contin~enc~es for such
oeriod~ •nd la not le~• U+~n such ~wount• ~i ~w1 bs ~eouued br tAt Mort~~{ee •nd to p~Y Vroaptly ~hen due sll prem~wns ta ~uch
~nsursnce. TAe aaounta of ~n~uru~ce reouusd ey tLe 61ort~~~et s~~ll pe tAe eun~mwn ~eaunts for vh~ch sa~d ~nsur~nce sAall be .r~~ten
•nd ~1 sA~ll bt mcua~Aent upoa the ~lort~~~a to usmum such ~dd~poo~l ~nsurance as m~Y be necess~ry to n+eet a~ comply fully .uA
~11 Co-~MUr~nct ~eauussents cont~mtd ~n ~ud ooGe~e• to tAs sad th~t tLe s~~d Mort~~sor ~s not • camsuror thereunde~.In~ur~nce
~ sh~ll be Wnttee py ~ casP~ay a cap~n~e¦ ~Opoved a des~~n~ted by tAe Mortj~~ee ~nd ~1) pol~c~es an0 rsne~als ~hereo( sfi~ll Se AeIJ
^3 sy the MatN~tt. All deta~lcd des~~n~~~ons by tAc Ma~~~~o~ ~rhich tre ~ccePtsd br tAt Mott~~~ee and sll a~reements ?e~~een Mortp~or
,r~ and Mort~~{st rel~t~n~ Io m~ur~nce, nor ta~stin~ or Aero~(tet s~~de, sh~ll be in ~rt~hA~ and sAall be • p~rt o( th~s ~na~t~~~e qresmen~
~s (ully tAor~h aet faih ~erb~u~ Aeran ~nd sA~ll {orern botA p~raes Aereto ~nd tAe~r successors ~nd ~ss~{ns. No I~en upon ~nY o!
•~td pol~c~es of msur~nce or upm •ny refund o?retum prem~un~ *A~ch euy be p~y~01e on the c~nc~ll~tion ot term~n~tion tAtreo(, sh~ll
`Y ~e ~ren to mhcr ~h~n ~Ae ?Ixt • et, eact t s r sndoriea~en~ •(fiaed to sucA hcy •nd • poved b Mort • ea Eu~ I~cy n!
t V r 0~~ Vo V Y ~ ~ D~
= ~n~ur~nce ~R~II h~ve •(ii,~0 ihertto a Standud Ne~ Yak hfort{~~ts Cl~use +~~tAout Conenbuu~, mak?n~ all los~ or losses unJer such
_ pol~cY O~Yaple to tAt Mor~p~ee ss ua ~nurest may •POs~r. le tAe ewpt ~ny iue~ or auss ot moneY Decane P~Yasle tAereuwdtr the ~tort-
' ~~~ce sA~SI h~ve tAe opi~on to rece~ve and ~pply tht ~~we an actoWlt of lNe ~ndeetedness hereby stcured. or ~o perm~t ?Ae ~Iori~aR~.r
- ~o rece~•e •nd use ~t, ot ~ny put the~eo(, ruAoul thtrsDy ~r~~v~n~ or ~mp~u~n~ sny tQu~ty, hen, o~ n~ht under and by vu~uc ot tA~.
m«~~~~e. In event of Iw• or pAYs~c~l d~m~{e co ~ht mal~s{ed properly the Mort~~~a sA~U pve ~mmeJi~te nou~e tAereof b> Ta~t
~A. Mor~~~~ee •m1 ~At Mmt~a~ee m.y m.~e a~~r o! toss ~t ~Ae s~me ~a not madenpr~ pUy b? ~he \1ort~a{a. (n e.rm t,.re.l~•'urc nf
= ga~K 1yy ~~E 748
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