HomeMy WebLinkAbout2468 {'Ri)VIDEII. :\LNAYS, that if thr \turtgag.•r .hall pay u~u~ ~hr \lurtgag« thr inJrbt~dnrs~ rv~denc~d by ~ ~
certa~n pr.Hn~~+ury nute ~~f Wh~ch thr I~~iluw~ng ~n wurJ, and f~gurcs ~s a trur cupy tu-v?it
2 350 . 00 ~~~~;d March 18 , 19 ~ 2
i ~ i ~un , a
FOR YALL'E RECE1~'ED _I~Ie,-' ~ ~L?_d severall_y. promix to pay
to the order o[ ~E_
I~.
S_
N~_LACHER AND HA ' H LACHER N IS W~
FE
the principal ~um of Tw0 Thousa- nc~-T ree Hu~re 1 y Si1a [10~~ p~,L~R~, togeth~r with interest
tt~ereun from date at the rate of ten pe~cent, per annum until maturity, both principal and interest being payable in lawfui money of
the United States at ~2~ B~~cay~e Bl~d., \liami, Flo~ida, or at such other place as the holders hereof may designate in writing.
1'rincipal and interest payable in i~sWlments as follows:
Forty ($40.00) Dollars per month, for sixty (60) consecutive months,
on the 15th ddy of each a~~ every month, beginning on the lSth day of
i May, 1972, and continuing until the lSth day of May, 1977, at which i
time the balance shall become due and payable. i
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This notemay be prepaid in v?~hole or in part after one year from the date hereof upon payment of a penalty equivalent ;
to five percent of the principal sum prepaid. (
Each installment pavmrnt ~hall be credited first on thr interest due, and the ~emainder on pri~cipal; and interest shall there• #
upun cease upon the princiNal ~o creditrd.
The makecs and endonrrs of thi: note turthrr a~ee to waive demand, notice o[ non-pavment and protest, and in the event suit ~
~hall be brought for the collection hrreo[, or the same has to be coltected upon demand o[ an attorney, to pay ceasonable attomey'. t
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frr: (or making such collection_ ~
Deferred payments hereunder shall bear interest at the rate of ten percent per annum from maturih~ until paid. f
This note i~ secured by a mort~;e o[ even date herewith and is to be construed and enforced ~according to the laws of the ~
State of Florida; upon default in the parment of principal and/or inter~~t when due, the whole sum of pri~cipal and interest ~
mmaining ~npaid shall, at the option uf the huldeirs, become immedia y due and payable. ~
; - 1. J/ 1(/1 iJ ~~/1 L' ~ (SEAL) a
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; T ~,~.r~ C ~ C -_.-_~_-,~z-~ - (SEAL) ;
i Prepared by Spieler & Tendrieh. Attomey3 - 22-t0 Biscayne Blyd.. Miami, (arida ~
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i ~r,J ~hall perform. rumpl~• w'ith and abide by each and ever}• the stipulations, agreements, conditions and cove- ~
` nants uf sa~d promissory~ note and ~~f this deed, then this deed and the estate thereby cteated shall cease and be ~
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null and void.
Y
; 1. ~'he ~lortgagor hereby cuvenants and agrees:
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~ ~a) To pay all •nd s~ngu~r thc pr~ncipal and ~ntcrcct and oth-r sumc of money pay'able by v~rtue ot said promusory nute and th~s
i
~ derd, ur tuher, ~xomptly on the day~ tespect~vr{y tht ..imr ~r~rr.~lh' hecomes dut.
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~ (ol To pe~mu, r:xnmu or sufter na wastc an~i to ma~ntain ~hr ~mpruvements at ~11 t~mes m a state of good repa~r and cunduion, artd to
g do ~x permri to be done to sa~d prem~srs nothmE thrt uall al~cr or chan6e the use and character of sa~d ~operty or m any way ~mpau ex
+caken the secunty of th~s mat6a6e. And in case o( thc rofusal, neglect or ?nability ot the Mort~aaor to repau and ma~ntam said proper-
_ h, the ~tortgaEce may, at h~s option, make such rep~~rs w cau.e the same to be made, and advance moaeys m that behalf.
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1~1 To pay all and s~ngular the t~xes. assessme~tc, lec~es, hab~Gties, and obl~6ations of erery nature on sa~d desenbed propert~ each
~ an3 eve~y ~hrn due and payable xccorJ~na to lar, Sef~xe they became delinquent, and to del~ver to the Nortaasee on oi beforc March
~ ISth ot cach yerr ta~ receipt~ er~drncros the paymem ~~f all lawi~lly ~mposed taxes for the precedi~a calendar year, to mdemn~fy the
~ ~twt6agee up.~n h„ dcmand [or ~11 uxes, assessmrnts arxl chargec that may be assesscd upo~ th~s mortpse on the indebtedncss s~-
.ured herrb>, and pa~d by the m~tgaRee, ar.h~wt reg~rd rn any !aw hercro(ore enacted or hereatter to be enacted ~mposm~ aayment o:
i th~ ~hult ur am ~art theteut upoti thc \I~.rt~ea6ee.
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(dl To pay all and singular the cos[c, chrrges rnd rtiprn~e~, mclud~ng lawyers' feex and abstract co~tc reasona6ly mcurred o~ paid at
~ anp t~mc M thr \lortgagrt brceux ot thr fa~lurc on thc part ot the ~tortgagor to pe[fotm, comply w~~th and abide by each ~nd evety the
at~pulahun~, a6reemrnts, cond~t~on. aod covenants oi sa~d prom~ssw~ note and th~s deed, or e~ther, and e~erp such payment shall brar
3ntrrc~t frum Ja~c rt thr rate of ten IIIY'J prr crntum pcr :.:.~um. •
~ 1~) ~It iurther co~enrnted and a6reed by sa~d part~rs that ~n tht event ot a su~t br~ng msututed to (wectose th~s mcut6age, the ~lixt-
gagee <hrll be enuUrd to apply at any hme pendmg su.h (urcclosur~ surt to the court havms jur~sdicuon thereot for the appomtmem
~ uf a recr~~er uf all and singular the mor~Ra6td property, and o! aU rent~, mcomes, prof~ts, ~ssues and revenuec ~hereof, from whatsoe~er
3 ,our.e denred; and thereupon ~t ~s hereb> expre~sly :uvenanted and agrerd that the Court shall iorthvrth appo~nt such rece~ver +•~th
th~ u.ual puwrr. and dut~e. o( recei~er. ~n Lke ca.e~: and said appointment sh~ll he made by the court as a matter of stntt r~6At to
~ thr Nortgagee_ anJ wirhout reterence tu the adequac} i~• madequacy o( the valae o( the pro~xr~y hereby murtg~ged, a to the solvency
`s or ~n~oi~ency ~~f thc \t~xtgagor_. or an~• uther puh 3rten~ent to .uch su~t. The \lortga6or hereb~ specd~call~ waives the nght to ub~ect
" W thc appuintment of r-ece~vct a~ aGxesa~d and hcrchp rxptecsly c.xtscnts that such appo~ntment sAaU be madt as an admrtteJ cyuity _
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and a. ~ ma~~cr ot ab.olutc :~ghi to thc \latgagee and that the came may be done w~thuut nohce ro the ~1ort6agor.
~y 111 1f foreclucurr pruceedin6s should be ~nsuwted against the propert> co~ered by th~~ mort6agt upon any other lien or cla~m whether
alteEed to be :upenor or ~umor to the t~en o( this matga6e, thc Mort6agee may at h~s opt~on ~mmedute{y upon ~mtituuon uf .uch cu~t
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~x dunng thr perxlency thereof declarc this mortgage and the indebtedness .ecwed hereby due and payable turthw~th enS mey at i~,
option pr.xeed tn (ixecluse tAis mortgage.
- Ig) That the ~turtgagar w~ll keep all real and pers~.na! p:uperty rtuv or hereafter encumbered 'ny thc l~en u( :h~s mortg~se ~nsmed as may
be reyutted fro~r t~mr to hmt by the \1unEager agam.t lo.s by hrr, w~nd~tam and o~h:r harards, ca~uafues and ~ont~nEenc~es for wch
penods and trx no~ less than cuch amoums a~ mey be reyu~red by the Slortsagee and tu pe~ pn.mpth Yhen due all premsums tor auch
" in.uraece. ihe amauntti o( insurance rcquued bc the \turtgager aAatl M1e the min~mum am~~untc for whi.h 5a~d ~n~urance shall bc sr~tten
eau ~t .hall be mcumbent upon the ~1~rtgag~x to mamt~m su.h addu~ona! ~nsurance a~ may be nccr~s~r~ tu meet and ~omply tully with
<ti all cu-~nwranet te~u~rements contam~d ~n tiaid pul~::e~ to tAe end that the .~3d ~tcxtga~t~x not a co-intiuror thercunSer.ln.uran~e
.hall bc wr~ttcn hy a ccxnpany ot ~ompan~c. appro~ed or d.signated by the \lortgagee anJ a11 pul~nes and renewa:~ thercof .hall Ae hc1J
M• thr \1~n~gaRcc. All drtaiied Jes~Enation. by the ~IurtEaRur whuh are auepted by the \1or:ga6cc and all abreement~ betaetn NortgaEo•
and Alortgaset relatmg to msurancc, nor ca~s~~ng ur hercaftcr madc, shatl bc m+?nt~n6 and shall be a patt o! th~s mat6age agrcement :
as tully a. though sc~ forth verba~~m herem and shall go~em both parhes hereto and the~r succe.sors ~nd ass~sos. No I~en upon any uf
'-"3 +a~d policrc~ of in~u:an~t crr upon any' re(und or retutr. prem~um which may be payable on the ~anccllahon or tctm~nauon thereof, shall
be 6~ven tu othrr than the Afat6aRer. except by proper endorsement affued to such pol~cy and approved Dy \lortga6et. Fach pol~c) of
" msunnce shall ha~c affiaed thercto a Standard Ncw Ywk Mort6a~ee Clause wuhout Contr~buuon, mak~nj all loss ~,r losceti unJer >uch
D~~~~~Y D~S~hlr tu ~he M~xtEaaer •s ~t_r ~ntere~t may appear. In the event any sum or sums of money becane ~.ayable thereunder thc \furt-
gngr< <hetl ha~c ~hc option to rccc~.e and appl>~ the ~ame on a~cuunt uf the mdebtedness hcreby s=cured, Or to permit thc \t~~rt~c,~~~r -
to rcccivc and use :t, or any part thereo(, M'llI1JW thercb~~ Mewm6 m. impa~nn6 any eqwty. I~eQ, ot n~6t under and hY ~irtue of thi.
" m~xes~gc. In evcnt of loss or phys~cat JamaEc to thc muttgr~CCd proprt~ tht \1or[ga6or sh.ll E~v~ ~rtwr.rd~ate not~ie therr~~t b> -a~! s•~ '
the Vort see .,nd the ~1ort a ce may makr rou( o( I,~.. ~1 thc camc i. not maJc rum tl b> ~h~ ~1ur;
;y F~ F B P P D S B+R~*. (n c~rnt :~~rr~l,.~~..rc ot
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