HomeMy WebLinkAbout6006 ~ri1Ut~1P~ MilUMlj~, that if said Jltort~a~'or shall pay rcnto the satd Jlfortga.~c~e
the certain promicsory note, of'rvleich tiee foltorc*ing in wornls and Jig~cres is a trrce cop~,
to wit:
~
39. 050.00 ~o~, J'anuarv 10 ,1a7~~
~
FOR VALUE RECEIVED the uudersigned iotndi? and sevorally pmmise to pay to the order of
t3ERZ rDE SCHtJLTZ, +
tha prindpal sum oi~''•.~~~`~-Nine 7~housand Fiftg Do11an.
ogether with iatereat thereon trom date hereot at the rate ot ~ 79G ~ percent per aaaum; oomputed monthiy sald
~prindpai aad iatereat beL~g pwabb in instWmenb as folbws:
$5,580.00 principal to be paid on J~nuary 10, 1974, and a liks anaunt
upan t2ie lOth dav of JanuazY, ~975. 1976. 1977~ 1976 and 979. and
$5,570.00 principai to be ~sid on JANUARY 10, 1970. In~ at in
additior~ to principal shall be ~avabl u
• d 1 and interest payable in la man ot the UNted States at 0 D b/ 5~
• 1- ~li~i. Florida. or at wc6 ~her placa as
the holder bereoi sball .
Each maker and endoraer severally waives demand. protest and iwtice of maturity. tan-payment or protat an~l aU
reqnirements necessary W 6old each of them liable as makera and endorsera. ,
Each maker and endorser further agreea. jointty and severally. Lo pay a~ll coats ot coUecNw~. iachding a rwooaWe
attorne s fee in case the principal oi this n~e or any payment oa the principal or aW? interest thereon ls not paid at tl~e
ve maturity there~. or in case it becomes neceasaryr to pmtect the security hereot. whdher suit be brought or not.
TWs note is secured by a PtitC~ee I+~A~Ymortgage of e~rea date berewith and is to be oo~osttued tod eatorced
acooMing to the iaws of the Siate oi FlorWa; upon default in tbe payaient of principal and/or interest, and N saM default shall
oontinue for a pedod of 30 days. the wlwle aum ot principal and interest remaining unpaid ahall? at the optlan of the lalder
beca~me immediately due and payabk.
This note may be prepaid in whole or part at any time by paying an additional ilf]~n4 ~ at the amount
Prepaid, but additiooal payanents shalt not relieve fcom the obligahon to malce the regular iattallment paymeats.
~ SPENCE wuo SPENCE . ($EAL)
ATTORNEYS AT LAW en •
MIAMt. FLORIDA ~S~I'~
a~id sl:all perjo~m, complJ zvith. a~:d abide bJ euch and everJ the stipulations,
~ ci~reentents, eo~aditions ccnd eovencants of said promissory note and of this deed, then
; this deed and the estate hereby created shall cea,se and be nult and void.
~ .c~ttil the said .rllort~a~or hereby coaenants acnd agrees:
s
€ _1. To ~ay all and sin~ular the prin.cipal and interest and other sums oj money
~
~ J,ayable br~ i~irtue of said promissorJ notP and this ~lePd, or ei.thPr, pro~n•pt1J o~i the,
~ ~la~s respectii~el~ tlae sam.c severallJ come due.
~ To pa~ all a~rd si-n6ular tlae taxc~s, assessm~n.ts, levi~s, liabiliti.PS, ~,bli~sation.s
~ a~r~l en.crcmbr~nces oj et~erJ nature on sai.d desc.riliecl propertJ ea~h and every, and
~ if the sdnae be n.ot promptly pc~id the scaid .Mort~acgee ma~ at any time pay the sacme
without zca-iain~ or af~ecting the option. to foreclose- or any ri~ht hereu~ader, and eaery
~ pay»ie~at so mctde shall bear interest from the date thereof at the rate of ----7%
~ per ce~at. per annum.
~
~ 3. 7'o pay all and singular the costs, claar6es an~l c~xp~~rses. i~icluding law~er's
~ fees, reasonably incurred or pQid at any tinte by said .h~ort~agee because of the failure
~ on th,e pa-rt of tlae said .~fortgac~or to perforrrt, complJ u~ilh. and abide by each and
~ every tlie stipiclations, a~reements, conditions and cozrenants of~ said prumisso~y note
- and tlcis deed, or either, and every such pc~yment shalt bear interest from date at the
rate of per cent. per annum.
To k.ePp the brcilding n.oiu or hPreajter on sr~id lu~td i~rsr~red in a sirni not
; -
less t.han highest insurable value
r..;
Dollars, in a campanJ or c~ompan~es to
-t;~3
be approiJed by said .3iortga~see, and ~he poli,c~ or policies held by ccnd payable to sdid
.~fort~a~ee, and i-n the ei~ent any sum of monpJ beeomes payable under sueh poliey or
polieies, the .Alort~a.~ee shall have the option to reeeive and upply the same on aceount
of the i~u~ebtedness hereby secured or to nerrnit the JKort~agor to receive ctnd use it, or
i<~; any part tlrereof, for other purposes, witliout thereby waivin~ or impairin~' any equity
lien or ri~ht untler or bJ z~irtue of thi,s mort~'a~e, and nuiy place and pay for szcch
insurance or an y pc~rt thereof, without wcciain~ or a~'eetin$ the opti,on to foreelose or
~ any ri~ht hereu~tder, and each and everrJ such pc~yment shall bear interest frorn date
at the rute of --per cent. per annum.
dG~Cr1~2Q~ MCE297V
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