HomeMy WebLinkAbout0102 PROVIDEII, Al.WAYS, that i( the Mott~o~oc :hall pay unto the Mortia~ee the indebtedness evidenced by a
certain p~om~ssoty note of which the followin~ in wotdt ~nd fi~urrs is s true copy tawit:
iIG~~G 1~4tC .
3 1, 925 .00 Miami, Fbrid~ February 19, t~~~
FOR VA(,UE RECEI~'ED We. iointlv _and severall p~omiae tu pa~~
to the order of ALAN D. CALD . ~
the principa! sum of One Thousand Nine Hundred Twenty- ive an togeth~r with inletr:~
thereon [rom date at the ate of te~ petcent, per annum until rreaturit), both p~ncipal and interest being payable in lawful monr~~ uf
the United ~tatea at 2241 Biscayne Bivd., ~liami, Florida, or at such othe~ place as Ihe holders hereof may designate in wri 'ng.
Principal ar~d intetest payable in installme~ts as follows:
.
Forty-five ($45.00) Dollars per month, beginning on the 15th day of
April, 1972, and continuing on the lSth day of each and every month
thereafter until paid in full
This note may be prepaid in whole or in patt after one yeat from the date hereof upon payment of a penalty equivalent
to live percent ot the principal sum prepaid. f
Each irutailment payrrient shall be credited first on the inteerst due, and the remainder on principat; and inteeest shall thrrr-
, upon cease upon the pri~cipal ~o credited.
_ The makers and endorsers of this note further agr~e to waive demand, notice of non•payment and protest, and in the event suit ~
shall be brought (or the collection hereal, or the same has to be collected upon demand of an attomey~ to pay reasonable attorney~s
`0 frr~ [or making such collection. i
Deferred paymen~~ hereunder shall bear intercst at the nte of ten petce~t per annum from maturity until paid. '
Thia note ia recured by a mortgl~e of even date herewith and is to be construed and enforced according to the (aws of the ;
State of Florida; upon default in the payment ot principal andlor inte~est when due, the whole sum oE principal and interest ;
remaining unpaid shall, at the option of the holders, become immed' tely due and payable. . +
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Repared by Spiekr d~ Tendrith. Attomep~ - 2240 Biaapnt Bhd., Miami, Flarida
and shall perf~xm, comply with and abide by each snd every the stipulations, atteements, conditions and cove-
nants uf sa~d promissory note and of this deed. then this deed and the est~te thereby created shal{ cease and be
null and void.
1. The Mort~a~or he~eby covenants and a~rees:
(al To paY all snd s~a~ulu the pnnc~al and inuresi and otAer sums d monty p~Yable br vlrwc o( s~~d pranusorY note ~nd this k
deed, or eitAer, paeptly m the dars resoectirely the saae seve~~lly pecoaies due. ~
i (DI To psimit, cos~a~i a sufier no r~stt a~d to iea~nu~n tbe ioptoveasets at dl tiees in ~ s~~te of ~ood repair aed cond~uon. ~ad to
~ do « pen~it to be doe~e ~o s~id ors~i~e• notA~a~ tMat rrill alter or eh~a~e the ws and cAu~ctet ot s~id prooerty or ie ~ny .r~y ispair a
; ~re~ken the securitY of this ieo~ta~~e. And ia csse o( tAe re(wd, ne{!ect or inasility of the Morl~~~or to re0air aed ~aint~in s~id proper-
tr, tAe Mortp~ee ~ay. st his ooum. auke sucA rcPairs or ca~se We a~ee to pe eade. aed advance moeers in tA~t esA~lt.
; Ic) To osy ~11 ~ad s~n~ul~t tl~s t~:es. ~saessssnt~. leviea. li~biluiss. ~ad obliNtioas of ertrr satYre on aaid desc~ibed property e~cA
f and every ~rAen due and paY~ble ~ccord~o~ ~o la~, betae they becooe del~sauent. and to dcliver to t~s Morta~~ee on or bc(ore MercA
IStA of e~cA yeu t~a receipts evideecin~ tAe p~ye~e~t ot ~11 Is~fullr ~spwed tsies fot.tht precedin~ e~lendu ye~r to iadewnify We
~ Hatp~ce upon h~s demaed (br all taaes, asscs~ueenta ~ad chu~ss Mat My a~scsscd upon Wis sa~t~a~e on the indeDted~s~s a•-
~ cured Aeresy, and paid by tAe sat~~~ee, ~•~thout rc~srd to ~ar 1~~ Attetofo~e en~cteA ot heteatttr to be eeacteQ iiapwins ~yu~ent of
the rhole o? any ~art thereot upa+ the Mwt~a~ec.
f (A) To p~y dl and s~niulu tbe costs, char~es aaJ eapenses. includin{ I~~yen• (ees and ~bsu~tt costs ~easonssly incurred ~x a~d st
~ ~ny uiet by tMe Mortaa~ee beuuse ot tAe fulure on the art ot We trlort~~aor to pertors. cosply v~tA ~nd abide by eac6 ~nd every the
~ s~~pulationa. a~reeaeots. condNions ~nd coveesata o( s~id pra~issorr aote and Wis deed. or e~tber. ~nd every sucA'p~ymeat sAall be~r
" intere~t frow datc ~t tAe r~~e ot ten UOL) oer ceetw oec aaa~s. ;
~ (e) It i• (rrU~sr co~ee~eted ~ed ~~tssd br s~i1 arues tA~t in the eveat o( • suit bein~ inatitWCd to (onclose d~i~ e~at~a~e. the Mar~-
~ p~ss ah~ll bs ratitkd eo ~oolr •t ti~e oeadiea a~cA faeelos~re srit to the conrt 6a~in~ jrriidictiow tMereof !a d~e ~~o~atwent
o( ~ rscei~er d all aiN sin~ylar tAe eort~~~cd orooetty. aed of ~II ts~u. ieco~cs. ptofits. i~~u~~ ~nd re~enYS~ tAs~eof. tro~ ~Muoever
sauce derired: ~sd dierea~ it is heabr eaors~~lr torsa~ated •ed a~re~d tA~t tl+s Caut sAall forth~ritL ~opoiat sucb recsiver ~r~ih
~ tltc wwl ~ers aad duties o( rcceiren i~ like c~se~: aad ~aid aMoint~eat sM~ll be s~de by t6e corrt u~ Mttsr ot strict ri~At to
~ ~Ac Yort~~{se. a~d ~ritAo~t reference to tAt ~dsawcr a is~dean~cr of Me ~~lue of the otopenr Aersbr sat~~~t0. or to tAe solvenclr
~ or ~naol••ser ot ~hs M«4.~«~ a.nr od~er p.rir detsudaw~ eo •reA a~ii. TAs Mortp~ot herebY ~oec~(ie~llr ~~i~s• the n~ht to ob~ect !
~ t0 U1t •p010tM~! OI ~ ftClir~f ~fO~es~id .aa ne~.sr s¦~s.,tr cmie~ta tYat iYeh •~oint~ent sAall Ae s~de •s sn ~O~~tted epu~ty
~ awd a iptter ef ~lsotnte ri~At to We Mo~~N{ee and tA~t tMs i~se Mlr be dowe hM~ut notice to the Mort~a~a.
i~ (f) If to~ecloa~rs p~ocss/u~s sAould Se iast~t~t~d a~~inst tAe ~o/srtr eowred ey W~s ~atp~e uooe anr otAsr lien or cla~m ~AetAer
~ ~Ile~ed to Se s~psna ot jwior to the lien of tAis ~ortuie. tAe Yott{a{ss ~Y ~t Ai~ ootioe isaed~~telr ~pon IQ1lIlYllal O~ SYCA SYII
a dw~n~ thc pendency t6ercot dcclue tAis mort~~{e •nd tbt ~ndebtednsss secured hereby due ~nd ~Yable fortA~ruA and saY ~t ~es
= o~~o~ ~«e~a ~o to~e~io.e m~..oria,se.
TA~t tbe M«tp~or ~ill keeo ~11 real ~ad Oerson~i p~ooetty ~o~r ot 6ete~ttet eacwebeted sy thc lien ot tAis ~tsa~e ~nsurtd ~s ~n~y
_ be rs~ired fro~ ti~e to t~we by ihe Alortsa{ee ~p~sst Iws br tire. ~~ndstan~ ~ad otber A~sards. c~swlue~ ~M c~wt~n~eoc~es for sucA
- ~sriod~ ~nd tar eot Isi~ tL~~ ~rcA ~~oua~• ~a ar bs npirN !r tAs Mor~p~se aud to aY P~~WIy ~Ass dYe •11 pt~wa~s fa srch
~ mirnnce. TA~ ~~ow~ts ef iearru~ce req~irsA er tUe A{ory~ase sY~ll bs tMs ~a~sw~ ~sounts for .h~cA s~~d ~a~Yr~nce shell Ae .n~tu+
_ ~ad it ~ALII N ~P.CIINtOI 11P00 lk AIMta~sOf :O N~AflM srcA ~dd~tioa~l IMYf~6C! ~f INr b! Atttff~fy 10 Illttt ~f1A ~jOi11pIY ~YIIr r'IIA
~11 co-iwurs~ce reqwrseents cout~ued in s~id plicie• to He s~d tY~t tMs s~i~ MortNior is not ~ co•i~a~uor tkereaader.l~sw~nce
~lall bs ~rrtttss br ~ teMa~y a aayae~ss ~pto~ed a dea~putsd by tAs Mort~y~e ~nd ~11 pol~c~es ~ad nae~~ls thereo( sA~ll be AcIJ
or the Matp~se. All dsqilN dss~~t~oas br tAe Mort{~{ar fhieb ue sccePttd ~r d~e Mort~~se ~nd all yreswents ~e~.een Mort~a~a
~ •nd Mort~yse rdN~e~ to ~u~rr~~ct. so+~ •:istin~ or As~s~her w~ds. ~A~11 be in +mtias and sA~ll Se ~ wrt ot thu aatp~e ~~rsswcnt
u(~Ilr tAorah ~e~ tath rerY~l~w Mete~s ~e0 ih~ll ~orerw !oM are~es Aereto and tAeir srcc~sias u~d ~ss~~ns. No lun u~ uir of
~~1 a~ia oohoies ot msw~nc• or ~oan ~q refwN o?return Ks*~~ vhitM ~r !e ~y~els on tAe c~aceU~hoe or teru~:eaaon thtrsof, sh~ll
-4= et ~~vee iu atber rAw Ihs Mory~see. e=csPt !r ~o~er edoros~eet •f(ued to s~cA pol~er ~nd ~~toved sy Mort~~{ta EacA policy ~f
~ ~naw~nce ~Y~li Mve •(f~.cd ~Aereto ~ Sisnd~rd Ns~ Yort Morcp~~s Cbrss ~~tsort Caeuib~uon, ~k~na ~11 losa M iessss Mdsr such
~ pohcy ar~ble to the Na~p~se as ~ts m~erei~ wY ~PM~~. 1~ Ws s~~~t ~sy sYw a swu of ma~cY ~ca~e aY~ete tAereuiWer tAc Mwt- ~
~ p{es ~tul! Aa•e ~he o~uan ~o recs~re a~d ~ply tLe •~~s o~ aeeo~at ef ths ~adedtedasts hersby sec~red. or to Perai~t the tilor~~~Eo~ '
~o r~cei~t ~~d ~ss ~t, ot •ny Ntt tAttto~. ~~tMort Met~by ~~ivip~ or iay~u~n~ any eau~lY. I~sn. a n~At under and by vu~rt of th~~
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~ ~ortµ~e. M e~eet of lo~a a oAYncd daru~e lo lhe ~ya{ed ~oosrtr U~e IAorc~a~a sh~U ~~~e ~~ed~~te nouce ~Aereof by Rai1
~r ttR May~ee and ~Ae Mort~a~ee ~Y ~te ~oot ot loss ~f ~he samt is not rnsde p~omp~ly b~ the Mwt~a{a. In evem n( (ure.i~•ure nf
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