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Home My WebLink About2451 . ~ • ~ . , , . . PROVIDEf1, ALwAYS. th~t ~f ths Nwt~a~or sh~it psy unto tht ~Aott~~~ee ths ~~debted~ess ev~deeced br • ce~t~~a p~am~sswr note ot wh~cA the (ollow~n~ in wotdt and fi~utes ~t a ttue copy taw~t I'f~ S 1~3Z~..DQ ~fiami, Florida~pril 14 . 19 72 ~ FoR vAt.l~t: ItECEI~'E[~ We,~ointly and severally, promise eo pay t~~ th~ u~drr o( __~~E~$~1Q~F ~T~l~NNF~ Bt1DOFF ~ HIS WZFF ~ th~ princi~~al wm of One Thousand Three H~~ndred Seventy-Five a , Rether with intr~r•~ th~re.~n from date at th~ rate of teo percent, pe~ annum until matunty, both p~incipa) and interest bring payable in law(ul monry uf tlir l:nited ~talr: at ~''~-~1 Bi•.~a~nr Bl~d., ~liami, Florida, or at such other place u the holdets hereof may designate in writi~g. Principal and interc~t payabte in in.tallment• i4 (ollows: Twenty-five ($25.00) Dollars per month. for thirty-f~ve ~35) consecutive months. on the lSth day ~f each and every month, beginning on the 15th , day of June. 1972, and continuing until the 15th day of May, 1975, at ' which time the balance shall become due and payable. This note may b~ prepaid in whule or i~ part after one year ftom the date heceo[ upon payment of a penalty equivalent tu f~ve percent of the princ~pal sum prepaid. , Fach in~tallment paymrnt ~I~all br credited Crst on the interest due, and the remainder on principal; and intercst shall thrn•- upon cease upon Ihe principal w crrdited. . Tl~e maker.- and rndorsrn uf tliis note [u~ther agree to waive demand, notice of non-payment and protest, and in the event suit .I~all br brought [or the collection hereof, or the ~ame has to be collected upon demand ot an attorney, to pay rcasonsble attorney~~ frr~ for making such collection. Defened paymen~~ heKUnder ~hall bear interest at the rate of ten Qercent per annum imm maturity until paid. This ~ote is securcd by a mortgage of eve~ date herewith and is to be construed and enforced according to the laws of the ~tat~ uf Florida; upon drfault in the payment of principd ancVor intetest when due, the whole aim of principal and i~terest . remaining unpaid shall, at the option of the holde~s, become immedia ly~d e an payable. / - ~ L _ ~'j~-~- u ' ~SEAL) l . n • ~ • ~ ~(SEAL) ~ Prepared by ~pieler dt Tendrich, Attomeqe - 2240 Biwrne Bi~d., Miami, Flarida - and shall perform, comply with and abide by esch and every the stipulations, asreements. conditions and cove- nants o[ said prom~ssory note and ot this deed. then this deed and the estate thereby created shell cesse and be null and void. 1. The Mott~a~ot hereby cuvenants and agrecs: 'i (a) To pay sll and sm~alu the prmc~pal and ~nurest and other sums o( money payable by rirwe ot said prae~ssay note ~nd this deed. or eitAsr. panptly a? the daYs ~eapectiYelY the same severally becoe~es due. ~ (b) To permit, co~w~t or euffer no oastt snd to munt~m the improvements at all uaea in a-st~te o( ~ood repa~r and cond~UOn, and to ~ do or pere~it to be da?e to s~id pree~ises noth~n~ cAst ~r~ll slter or chan~e the use ~nd cA~r~cter ot said property or in any ~ray iep~ir or •re~ken the securi~y ot ihis mat~a~e. .4nd in csse ot ~Ae refusal, ne~lect or ~n~bility of Ne Mortt~~or to repsir and m~intsin s~id ptoper- ; ty, the ?latp~ce m~Y, at his opuon, mske such repa?rs a cause the same to be sade, and advance moneys ~n th~t beA~lt. ~ ~ (c) To pay all aod ain~ulu ~he taxes, assessmenis, lev~es, liab~l~ties, and obliptions ot every a~ture on said described property each g and everr ~Aen due snd paYable accordin~ to la., betore they becoae del~aquent, sad to deliver to the 6/ottts{ee on ar befae MatcA ~ ISth ot e~ch rear t~a receipls evideacin~ lhe paYment ot ~11 I~r(ully ~mpossd tsxe~ for ~Ae preetdin~ c~lendar rear; to iedem?ify tAe Matsa~ee ~pon 6is demand tor all~taaes, assesaments snd eh~r~es th~t ma~ assesscd upon this mort~a~e oo the indebtedeess s•- ~ curtd haeby, and pa~d Ay the mort{~~ec, ~~ithout re~ard to anr 1~~ Aeretofote en~cted or here~tter to be eascted imposin~ ~y~ent ot + the rhole a~ey ~ar[ thereot upoa the 6Aort~atee. ldl To p~y all and s~nsular the costs, char~es anJ eapenaes. includ~n~ law~yen' fees and abstr~et cos~s re~sonaDly incurted ~+r paid ae any ti~se by ~he 61or~~a~ee becsuse of the f~ilure oo the p~rt o( the Mott~a~or to pettotm, comD1Y v~th and ab~Ae by e~cA and erery the aupulat~ms. s~reesents, cond~tions and coven~nts ot s~id promiasory note ~nd th~s deed, or e~ther, and every ~ucA~payment sA~ll be~r ~ntere~t ftow date at the nte o( ten (IO~r) per centua pet annum. (e) It i~ f~riher corea~ated ~nd •{reed py •~iA p~rues that in We e~ent ot a suit beins iruiituted to to~eclose thii mo~t~~~e, the Mat- Nt~ ~t! be entitkd to ~POIY ~t •nr tioe pendin~ such faeclosure suit to the court h~rie~ juriediction thereof tor thc ~~ointment of s rscei~e? ot ~II and sie~ul~r ~he iwri~~~cd prooecty~ ~nd of ~11 reats. iacaoes. profits. ~ssue~ ~nd rerenuss tAereof. fro~ ~hatsoever ~ awrce detived; wd ~hereupoe it ie Ae~eby eapras~ly eorea~nted •nd •{reed W~t the Court sh~ll totihvith ~Ppoint sucA receirer ~rilh the wwl po+ers and duties ot receivers in lite c~ie~: tad ~~id •~ointoent shall be s~dc by the court u s matter of strict ri{At to ~ ~he Mat~~~ee, and witAout re(erence to the ~dequaey or in~dequacr ot the v~lue of the ~operty hereby mo~t~~~ed. a~ to the solve~cy or ~wo~.e~er or ~ne M«is.aor. or any other P~rty defend~nt to sucA suit. The Mort~~~or hereby ~pec~fie~tly ~~ives the n~ht to ob~ect to tAe •~oi~t~cst of ~ receirer ~s.s(oaa~id ~ad hereby e:pre~sly consent~ tA~t sueh ~ppoinnecnt shall be madc •s an adm~ttcd equ~ty _ ~nd ~s ~ wtter ot ~bsolute ri~bt to the Mortp~ce ~nd [Aat tbe suee m~r be da~e ~rithout notice to the Mort~a{or. ~ (f) ~f torectosure orocecAiap should se inst~t~ted ~pinit the prooertr covered by W~s wortp~e upon aor o~her lien or clum rAetAer ~Ils{ed to be supenot ot junia to the lien of tbis eonq~e. tAe Mott{a~ee iear ~t his optipn im~eedi~tely upon IIIiIIlYII011 OI fYGA 3YII ~ ar dunea the pcndeacr ~hereof dccl~re th~s mort~~ie •nd the iadebtedness secured hereby due ~nd p~y~ble tath~~th and m~y stiis ~ op~ion ~ocecd ~o fo~eclo~e tMis a~ort~~~c. Tb~t tAe MortNaor rill keep sll resl ~nd person~l pcopertr nor a bereafter encumbered by ~he I~en of [his eort~a~e ~nsured ~s msy Ae rs~ired (ro~ ti~e to ti~e tiY ~he Irlorta~ate ~pinst loss br firt. w~odstorw and other h~suds. c~swlt~es ~nd contm~enc~es for s~ch oeriad~ ~nd tor not Is~a W~¦ ~ucA ~wount~ ar Mfl bs r~quued er the MortN~ee •nd to P~Y Prowp~lr rAea due ~II pre~e~ua~s fa such ~nsrrancs. TAs a.o~nu ot ~o.Yr~ace rea~~red br ~e Mat~~~ee a6~11 be tbe sia~mus ~aaum• (or rA~cA s~~d insurance shall ee ~n~ten ~nd it sh~ll !e u+e~Aent uooa thc Morya{or to M~Main ancA ~ddit~oa~l ieirr~nec ss aur be necess~ry to mett ~nd complr f~lly ~r~th . ~ ~11 co-~n~w~sce require~enta cont~ined in a~id policie~ ~o tMs sad Hut tAe s~id Mortq~a ~s not ~ co-~ns~ror therernder.lni~u~nce ~~11 Se .nttes br ~ co~aar w co~~ole~ ~Pp~ored a dc~~Nu~ed br tAt Matas~ee snd ~II pol~c~es and rsne~als thereot sh~ll be beld ~ br the Mat~a{se. All detailsl deai~suions br the Mat~~~a .hieA ~re ~cceptsA br d~e Mon~i~ee and sll yresaen~s ?et.een Mort~a~or ~ snd barli~es rsl~tin~ lo ~n~ur~nes. nar s:istini ot Aerc~fter ~~de. s6~11 be in vritie~ ~nd ~h~ll bt ~ p~rt of th~~ e~orl~~~e ~~rsuacn~ ~ u f~llr ~s tbor{A ~et forth ~e~i~tus Asrsis s~0 ~A~11 ~orern boW art~ea hcreto ~nd Weir sYCCessors and ~asians. No lien upon ~ar of •~W plitics of insm~nce or ~oan aup re(und o?ret~un ors~~w ~hith ~ar bt p~r~ele oa tAe c~at~ll~uon or tene~n~t~on thtreof. sh~ll h ~ be ~i~ea to atAe~ t6w tbs Mott{~{ee. e•cso~ er orooer sndor.e.sni .tt~acd co •uch ool~cy ~nd s~o•ed by Mat~~{ce. E~cA Pol~cy of ia~wMCe ~Aall I~~e •(fiatd ihsrsto ~ Sund~rA Nsw York Mort~~s~ Cl~we .uAout CoavibYUOn. iukin~ •II los~ a losses ~ plicy ars~le to tAe Nortp~s: a~ ita ~sters~l w~r ~~u. 1~ tAs ~~~11t ~~y iwu ot suss of aansr becoat Ny~ble tAete~~~~~ ~~~ss s~all A~~e tYe oPtian to rscsi~e ~nd ~plr 1~t ~ue a~ ~ceawt of tAs uWebtedne~i herebr sec~red. a ~o oens~t ~Ie~lat~~{a ~o ~sc~i~s ~N ws ~t. o~ ~sy Mrt ~Yer~of. s~tlwt ~Asrs?r ~~ivity a iw~au~~ •nr cauitY. lisn. or ~~~A~ ~ndt~ and by rut~K of ~A~s wo~yys. b s~e~~ of lo~s a oArsic~l bw~/s ~o e~. .ory~sd ~rooertr ~e 1AatN~a M~11 ~ive ~~cd~~tc not~ce U+sreof by n~~~l Ws 1/artN~se •n~. ~Ae 1lorta~{ee ~y w~ks /roof of loss i( tAc s~me not n~adt prowptly b~ tAt Mat~a{ot. (n even~ nf f«s.l~•ure n! . . ~~01 ~~4~ _ ~ ' - i~ ~