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Home My WebLink About0099 PROVIDE(1, AL.WAYS, that if the A1ort~a~o~ shslt psy ueto the Mott~a~ee the indebtedness e~idenced by s certain pcomisaory note o( which the followin~ in words and fi`U[Ci 16 a l[U! COPy l0-KIt: ~4~~G , t 4 i,125 . 00 •Miami, Florida February 17 , ~9 7 2 ' EOR VALUE RECEIVFD We, jointly and severally, p~omue tu pa~~, to the orde~ oi HERBERT PROSS ~he prin~~Na~ s~~+ oE Four Thousand One Hundred 'I~aentv- f ~V~ 8Rd RS, together with interr:~ the~eon feom date at the nte of ten percent, per annum until maturiq~, both principal and interest being payable in law(ul mune~ uf the United States at 2241 Bucap~e Blvd., ~liami, Flotida, or at such other place as the holders hereoi may desigoate i~ writing. Principal and interest payable in instsJlme~ts as follows: ~ Eighty-five ($85.00) Dollars per ~aonth, beginniag en the 15th day of April, ~ 1972, and continuing on the 15th day of each and every month thereafter ; until paid in full ~ f ~ ; This note may be prepaid in whole or in part after one yeu from the date hereof upon payment of a penalty equivalent to five percent of the principat sum prepaid. Each installment payment shall be credited first on the interest due, and the remainder on principal; and interrst shall thrrr- upon cease upon the principal ~o credited. The make~s and endorseh of this note further agree to waive demand, notice of non-payment and protest, and in the event suit shall be brought ior the collectioo heteo[, ot the same has to be collected upon demand of an attorney. to pay re~onable attorney's frra [or making such collection. k Deferrcd pay ments hereunder shall beu interest at the nte of ten percent per annum from.maturitp until paid. ' 7'hia not~ is recured by a mortga~e~of even date herewith and is to be construed and enforced according to the laws of the Statt of Florida; upon default in the payment of principal andlot intaest when due, the whole sum of pnnci 1 and intereat rrmainin~ unpsid shatl, at the option of the holders, become i e' tely due'and pa able. • ~ v t ~ ~ ~_(S`EAL) : i ~L~,-~~~ ~ 1« ~l'~~~ ~sEn[.~ : ~ Preparcd by Spirkr & Tendrieh. Auorners - 2240 Bi.earne Bt.d.. Miami, _ ~ _ ~ and shall perform, comply w~th and abide by each and every the stipulations, a`~eements. conditions and cove- nants of sa~d promissory note and of this deed. then this deed and the eatate thereby created shall cease and be ; null and void. 1. The Mortsa~or hereby cuvenants and a~rees: I (a) To paY all and sin~ulu the vr~~~~o.i aad ~nte~es~ aod other swu of ~eoney p~Y~ble by r~rtue o( sa~d prae~~iory nott ~nd thia ; ~ deed, a e~tAer, paeplly on the days resptttivtly Iht s~we st~e~~11y becosea dut. ~ s /b) To perm~t, coM~t or su(fet no rraste and to muat~m tAe ia~oremenU at all tiwes in a s~ate o( ~ood repa~r and cond~uoo, and to ~ do o~ pers~[ to be dau to ~~id pre~i~ea noth~n~ tAat v~Il •Iter or chae~e We ws ~nd chuacter ot s~id pope~ty or in any .ay ispair or ~e~ken the secunty ot tAis eawt~~~e. And ia case ot the refus~l, ae~lect or inability ot We Mort~a~or to repair and ~~intsin s~id proper- ! iY. ~he Mortp~ee in~Y. at his ophon. nuke aucA rePairs or cauae tAe sarae to Se ~ude. and sdrance moneys in that bth~lt. ~ ? (c) To ar ~11 ~ed a~n~ulu 1Ae uxes. assesa~enu. lev~es. li~bil~tiea. ud obliptioai o! cverr nature oa said desctibtd property c~ch and e•cry .6en due ~ad paYable sccord~oa to 1~., befare they becaae del~ipreot, snd io deliver to t6e Mort~a~ce oa or Aetore hhrcA IStA of eich year t~: receipts evideacin~ the p~)~ent ot •11 I~r(ullr ~sposed t~xe~ for tht ~ecedis~ c~lsadu reu: to iadeanifr We s ?lat~s~ee upon A~s demand (a~ sll tases. sssesa~ents ~M cAar~ta tAa~ iuy ~s ~s~essed upon tl?~s ~ort~ase on tAe iadebtedas~s ' eured Ae~eAy, and paid by tAc mal{~~ee, .uhou~ retard ~o aay Irr beretofote ea~cted or hereatte~ to pe enactsd iwoosis~ p~pseet of ~ the ~hole « anY ^art tbereot upon tAe Mor~~atee. ~ i (O) To per ali and s~nsulu the cos~s, char~es sm! eipenaei, includio~ I~~yers' feea and abstr~et costs re~sm~ply iacurted nr a~d at ~ any ti~e by tAe Ma~~a~te because ot the f~~lure on the p~tt of tAe Mort~~~or to pertorm, caaply ~r~th ~nd aE~de by e~cA and evety the ~ s~~oulat~ona, •{ree~sents, cond~tions snd corensnta o( s~id pro~issory note uM tbis deed, or e~ther, and every sucA~p~yaent sh~ll be~r ~ ~ntere~t tro~ d~te ~t ~he r~te o( ten (10'R) pet ctatuw per annum. ~ (cl It i• (urther coveaaeted ~ed ~{resd by ~~id att~es ~h~t in cAe e~cnt ot a suit be~n~ irutituted to toreclose this awrtp~c. the Mat- # ~ N~es shall be ee~itkd co ~POIr anr ti~e peedia~ sucY totsclosure s~it w tMe court 6~vin~ jurisdietion ~6ereof fa tAe ~~oiat~ent ~ ~ of ~ r~cei~er d ail snd sie~lar U~e sat~a~ed ~ooerty, ~nd ot ~11 rsau, iacaeea. orotiu, i~sus~ aad reveausa tMreot. fro~ ~A~tsoever ~ sauce dcrired: aed tbereupon it is herebr ex~saslr coveeu~tsd •ad a~r~ed tAat the Caut sAall fath~ith ~point sYCb receirer rith thc wwl oarers aad dutie~ ot receivcr~ i~ lite caiea: sad ~~id ~poiet~sat sAall be w~dc br tbe cowt ~s ~~atpr of stric~ ri~At ~o ~Ac Mat~~~se. ~nd .~tAout re(ercnce to the adeawcr or inadsq~~cl o~ We ~~lae of tYe otooctty Asreer satsaSed. or to the sotrency ~ or iniol~sscr o/ ~hs Mory~~as a~ •ny od+a P~riy defeedaet to ~rcA suit. Tbe Mo~~a~« herebr •occitie•IIr ~r~ives the_n~ht to ob~ect to tAe •~oiat~set o~ ~ rsceivq a~ ~fores~id ~nd hereby eiore~slr conseau tbat ancA ~pPointsent shall be ~ds ~s ~n ~du~ued equ~ty ~i ~nd u~ Mttsr o( ~bsol~tt ri{I~t w tAe Malq~se and W~t tAe ~~we awr bs doa~e ~r~tbout notict to tht Motyua. ~ g~ (t) Jt tasclosure pocesdis{s shoYld be init~trt~d ~~~iari Ws oro0stty toreted br t6~s ~ort~~e ~oon aay otl+er lien or cl~~m .Aeiher •Ils~ed ~o be superlo~ or j~aia to tLe lien of t6is sa~{~~e. 1he Uo~tu~ee ~r ~t Aia oPtioa iased~~eely uoon IpllllYtlpl O~ SYCA lYII ,s a durm~ tAe pcndeacr thereo( declaro th~s mat~~~e ~nd the indeetedeess securcd hcrsby due ~nd ay~llc fatewuh ~nd eur at ~~s oa~oe poceed io faeclose tAii moet~~{e. - 7A~t tAe Matpaor ~ill keeP all real ~nd personal prooertr no~ or Aere~ttsr encumbered py iAe I~tn of tAu Aat{a{e inaured ~s a~y pe rs~ireA Ira~ u~e to ~~~e !y tAt 11or~{a{et a{a~nst loss by (ire. ~~sdstar~ ~ad otber A~sardi. caswluea u~d cont~n~enc~es fw s~ch _ Osr~ad• ~n/ (or not le~~ tf~~¦ •rcA ~wounts u y1 b~ r~w~tsd br tAe Mort~~ee ~ad to ~Y V~~Vtlr ~Ata dre all pue~u~s fa suct, " miw~ce. TAs ~aorsu of ~earraset rearusd b~ ~Ye 1loryyse s~~ll os tAs iua~ai+s ~soYnts for ~hicA s~rd iaiw~nce sAall be ~rntten ~nd i~ ah~tl be u~crwMent uooa the Abre~~aer to ~un~~in •ucA ~Miuoa~l ~ws1K~nCt s~r bc netess~ty !o ~nett ~nd canply fullr .~~h - •11 co~~a~~r~~ce re~nire~snts cost~ised in said ooliciss te tbs e~d tAat tAs said MartNaa ~s eo~ ~ co-~~aYra tAsreYnAer.lei~r~nce ' sA~ll de ~rntte~ by ~ coaO~sr ot c~ae~s~ ~~ored a Oe~i~uteA Ay tAs Mort~~{ss ~nd ~11 Pol~t~es ~nd r~ae~r~ls the~tof sh~ll bc Aeld AY the llai{a~es. All detailed Oss~~tiaas or tAs Mat{a~or ~Mrcb ~te ~cceotN ~y tAe Mat~~ee aed all ~reewea~s ?e~~ten 11at~a~or aM Mat~~~~e ~el~~ina to ~n~rr~nce. no~r ssistin~ o~ he~e~fter o~ds. iA~ll bs iA rtltl0~ t1M fR~II bt • Put of ~hu wortp~e ~~rsswsnt ~ (utly ~Aor~h sst tatA •ere~a~ bsrs~a a~d M~II ~o~ero botl~ araes Aereio u~e ~ueir srccsssws ~nd ~ss~~ns. No licn upon ~er of sdd Pohc~es o( ~nsw~nce or u~ aer rotund o?return pes~w ~bich ~ur be ay~01t an d1t c~~t~ll~t~on or lens~a~UOn tAtrsot, sA~ll De pven ~u otAer t~as ~hs Motq~~ee. eaeeo~ br oroPsr endorse~sAt •ttued to s~cA oolwy ~nd ~?o?oved by bort~~~ea Each policy of ~n~Yr~nce ~A~11 A~ve ~((~•N tl~srste • Sundud Ns• Yort MortN~ss Clsws ~~U~wt Coeu~b+u~on, aNt~n~ ~11 loss or losses ~nder sucA _ oohcy p~Y~01e to the Mor~p~ee as ~ts ~o~«<,~ e~ar •rrs... ~s w. e.s.~ .ar .w~ a~ sws of reoner escowe wY~blc therew?dcr the Wori- - ~~~ec ssa:! h~ve ~Ae opuon te rece~vc snd •Pply tAe saoe o~ ~eeoorlt of U?s ~ndsMedness hereby secweA. a to oens~~ tAe ~Ion~aEnr ~o recsive ~n0 we a~ny ~rt tAereof, ~~Wor~ tAstsbr ~~iriu~ or i~p~u~n~ ~ny tau~tY. I~sn, a n~A~ undcr and by vutrc ot th~~ - wa~{ys. In c•cnt of Iwa a p6rs~c~1 d~e~~t to the ~y~~ed oroperty ~Ae Mat~~~or sAsll ~~ve ~wstd~~tt not~ce thtttof by Ra~l i~. x< tAe INo~~~~{ee and tAe 1Aor[~s~ee ~r s~te Oroo( ot loaa d the s~me i~ nof ~sde pro~ptly b~ Me Ma a~x. In even~i,re, I~•urc ol + ` ` ~ ` • ~ . ~ : ~ _ _ ~ ~ ~~t, r- ~ ~`~,a,z a~ ~ - v' ~ .~sr.r~ ~ ~ - - - ...x- ^F .i -r ~ r , -:c -xfi„ ~ ~-e'~., _ , _ _-F,~Y'`~ _ _ . .