HomeMy WebLinkAbout1988 PROVIOEn, ALWAYS. th~t if the Mort~a~or sh~il pay unto the Nortsa~ee ~he indeb~ea,eess eved ~r-;:eJ by a
certaio prom~ssory note o[ which the followin~ ie words and li~urrt it a true copy to-w~t:
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e ~;d. Februar 24 ~q 73
s 4 L675 . U0 - -
FOR VAI.UE RECEIVED WE i o int 1 v and several lx ~~.e co p.~r
to che ordc~ ot NAN~SC L,` CROV~S
~h~ ~oc~~ w,~ ot TNn11SANn STx H1TNnRED SEVENTY-FIVE AND . . ~~~K M~ck ~?~~u
thercoe twm date at the nte ot tea ~ee+crnt, pet annum until maweiq, both pc~ncipal aod interost bein~ paY~ble in law(ul money ot
the United Stata at 2244 Bi~eayee $hd., Miami, Florids, o' at wch otbei plaoe as the hdden hercof aap desi~~ate in ~.titin~.
Principal and intercd pay~We in inat~lbae~ts as ioUorn:
ONE HUNDRED~($100.00) DOLLARS per month, beginning on the lSth day of
April, 1973, and continuing on the 15th day of each and every month
thereafter until paid in full. - ~
TAis note m~y be prepaid in M?hole a in p~rt a[ter one ye~r trom the date he:eof upoa payanent d a penalty equivalent
~o five percent of ihe principai swa pcepaid. ~
Each inatallme~t parieient shali be cr~dited Cust oe the interest due, and the remai~der on principal: and inlcrrt •hall tbeee-
upon eease upun the principal so credited. . - s
Thc makers and ~ndoncrs o[ this note furthe~ a~ee to r+aive demand. notice df r~on•pay~ent and protest, and in the e~reM wit ~
~i~all be brought for the coliection Aeecot, or the ame hr to be coUected upon dcman~ of an attorney, to pay reasonabk att«nry i
frc~ for makir~ wch cdkction. #
Defeered payments hereu~der ~hall beu intet~est at the nte ot ten percent per annum iwm mat~uiq w?W paid.
7~is eotc is ~ecured by a mort~e of even d~te herewith and is to be conatrued snd enf~ccd a~cordin~ to the laws of die ;
~tate of ftaide; upon detwlt in thepa Yment of principal andlo~ interest ~rhen due, the whde ~um of p~ncipa! and intetei ;
~rm~inin~ unpaid ahatl. at the option of the holden, beeome ~nunediatdy due ~nd p~yable.
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a~~J shall perfnrm, comply with and abede by each and every the stipulations, agreements, conditions and cove-
nants u[ sa~d prom~ssory note and of this deed, then this deed and the estate thereby created shall cease and be
nu11 and void.
1. The Mortsagor hereby c~~v~naets and agrzes_
(~l To pay ali and cin~ul~r the pr~nc~pal snd mterest and oiher suma ot money payable by r•~ctuc sa~d prom~asory note •nd th~s
deed, or e~tAer, p~omptly un the days respecurely the same severatly becomes due.
(bl To permN, comm~t or suffer no vaate aad to maintaert ehe improvements s~ a~1 t~mt~ in a st~te of ~ood repair and condit~on, and to
do or peneit to be do~r to said prem~ses notA~n~ that ~r~ll alter or chaa~e the we and cpar~cter of s~~d property w in any Way iwp~~r or
~.e~ken ~he secunty of this mat=a~c. And ~n case of the refusa!, oe~tect or ~n~bi(ity of t6e Mortq~or to repa~r and maintun s~id proper-
ty, the Irlortp~ee eeay, a~ his op~:an, make such rep~~rs er cause the same to be msde, and adrance moneys ~n that beA~l(.
(c) To pay att tnd ~m~ula~ the taaes, assesse»ents, lev~es, I~ab~luies, and obli~~tions of every nawre oo sa~d descriped property eacA
and ererr ~aAen d~e and payaAle accad~as to Is~, before they become del~aQucnt, aad to del~rer to the lrlort~a~ee on or Aefore Yarch
ISth of e~cA year ua rece~pts ev~dencins the pa~ment ot ai1 I~vrfulty ~aposed tuts for the preced~as uleadar yur; to indemn~fy ~~e
!1lortiaate upon h~s deound tor alt taxes, ssses~erients snd char=es tAst awy assessed upon [h~s mort~a~e oe the indebtedness s•-
cured Ae~eby, snd pa~d by the mat~ajee. .~thout re~ard to any 1~+ here[ofo~e ea~cted ot hereatter to be enacted impoain~ ~~yment of
tht vhole or aay ~art thereof upon :Ae Mort~attc. '
(d) To p~y sfi •nd s~njutar the costs, char~es anJ espei+ses, inciud~ns !as+yers' fees snd abatr~ct costs reasonably ~ncurred nr pa~d at
any ume by the Matp~ee because ot the tulure on the part of Me Mortp~or to per(orm, cea~ply v~th and ab~de by e~cA and every the
sppula~~ans, a{recments, cond~t~ons aed corenants ot sa~d proa~usory note and th~s deeA, or e~tAer, and e~ery such~p~yrteen[ shall be~r
~ntere~~ troa~ date at tAe rate of ten (lOT,) per centum per annum.
(e) It ia (~rtArr cortn~nted and •peed by ~~id p~rt~et th~t in the erent ot a su~t be~n~ ~eut~tu~ed to foreclose this mort~~~e, the Mar~-
~~~tt sb~ll be entitled to ~pplr •t any ~ime peedin~ sucA totec{osure suit to the court h~vin~ jurisdictian theteof for Me ~ppo~~tment
ot a receirer o( a11 and ain~atar tAe mwt~a~ed propecty, and of ~11 reats, ~ocaa~es, proGts, ususs and ~erenues tAetcof, from rhatscxrer
source denved; ~nd thereupon it ic he~eby eipresslr coveaanted aad a~reed 'Aat tbe Coutt ahal) (otthvitA ~pOeriot sncA receivcr v~th
tht w~~l pm~ers snd dut~~~• o! rece~eera in like cues; an3 s~~d appo~ntarcne shall be sade br the court ~s a matter of strict ri~At to
the Mort~a~ee, ud ~r~rhoue re(erence to ~he ~deQuacy a~eadequ~cy of the r~lue ot the property herepy mor~~a~ed, or ~o tAe ~ol~ency
or ~naal~eney of ihe Morts~~as or any ofl~er party detendant to aucA suit. The Mortp~or werebr apec~l~c~lly .~ive~ the n~~~ ~o ob~ect
to the •~oint~ent of a rece~vtr ~s aforeaaid and hereby eapre~s(y consenq W~t sutA •ppo~ntment sha11 be made •s ~n adm~tted equ~ty
anA as e mNter of absolute njht to the Mortsajee ~nd th~t tht s~roe ro~y be da~e v~thout notice to the !Nort~a{or.
(f) Jf fortclosure poceedin~s si~ould be insututed a{ainst the propertr covered by t6~a ewrt~~~t ~pon any othet I~en or cla~m ~rAether
•Ile~ed to be supenor or junior to the litn of this ieort~~~e, the I~lorta~~ee eaay at Ais oplion immed~~tely upoe ~nstituuon ot such su~t
or dur~ns th~ pendency thereot decl~re th~s ~na[i~~e •nd the indebteQness sec+red F.e?ebr due and payable (o~thr~th snd may st ~ss
option yroceed ~o taeclo~e this iaorlp~e.
(t) That thc Alortpsot r~~l ktep sll rcal ~nd personal propertr now ot Aereafttr encumbered by tAe I~e~ o( this mort~:~e ~nsurtd as may
be requ~red (row time to hme by the Mort~~see ~{~~ast loss br hre, ~~ndstau~ and otAer hasards, caswl~~es anQ cont?n~enc~es for such
penod• and ior nat te~s th~n ~ucA aaaunt• •s air be ~eqr~red bY ~he Mortaa~ee ind to psy proe~ptly +hen due •II yremiums for such
~ns~r~nce. The asaunts of ~n~ur~ece ee~uusd Ar the Mort~~~ec sA~ll Oe the m~n~mum ~mouots (a rh~ch sa~d ~nsur~nce shall be sntten
~nd it sM{I Ae ~ncu~tnt upon the IMor:~a~or to mamt~in such ~adiqon~l ~nsursnct •s euy be necessary to meet ~nd compiy (ully s~tA
•1) co-~naurarxe requ~tt~ents cont~ined in a~id polities to tAe end thst the sa~d Mortq~a ~s not ~ cw~nsuror thereunder.lnsur~nce
F iA~ll be .rueee br ~ cowp~ny or coepaa~ec •ppro.ed or dea~~n~ted by ihe Mor~s~ee ~nd ~11 pol~c~es and rerte~als ihereo( sh~il Ee hclJ
Sr the Ma[~a~ee, All de4iled des~~nahons br tAe A~ton~~~w rh~ch ~re ~ccepted br the Mort~~tee ~nd a!1 a~reaatnts be:.e~~ Mor~sasor
snd Mort~~~u rel~bnj to m~yr~nce, nwr ealstins on c~re~tter m~de, sh~ll be in w~nt~p~ ~ed sh~ll be • part of ~A~s mort~a~e ~~reemee?
~s (ullr ~s tAou~,A se~ fotth rtreat~~ hert~e and ahall ~orern botA Parties Aereto and tAe~t successors ~nd ~ss~~ns. Ho l~ee upon ~ny of
said pofic~cs o( insur~nce or upon te~ refund o?return ~em~w~ rhicA es~f be parablt o~ tAe untell~tton or termm~uon thereot, sh~ll
be ~~ven tu aeber rh~n ihe I~lort~a~ee, eacept Ar propet tndoritwtnt s(f~:ed to s~tA poluy ~nd ~pproved by Mat{~~ee. Each p~l~c~ of
~nsYr~nce ihall A~vt •((~acd thereto ~ St~nd~rd Ne+ Yotk Mort~~see Ct~we r~thoYt Conuibuuon, m~kin~ all toss or losscs undcr ~ucA
pohcr p~Y~ble to ehe Mortpjee a~ ~ts ~n~r.ei1 rway •~sar, !n We essat ~ny sue o~ suws ot money becane Paysble ~hercuoder ihe ~tort-
~~~ee sh~;l A~~e ~he option to rece~•e •nd •Oply tbe s~~e op ~eepant of tAe indtAtedness hertsy secured, w to perm~t the ~~ort~aEnr
to recei~t ~ad we ~t. ~r any ~rt tkereof. ~v~thwt tAtrebr ~~iv~n~ at ia~P~u~ets any tQu~tY. tien. w n~ht under snd ay r~r~~e o( tA~~
atw[u~tt. event of lo~i ar pArsic~l d~sa{e [o the ~ys~ed property the 1~at~~~or ~h~~l {~ve ~mn~ed~a~e noi~ce ~Aereo( br n~a~1
• the Ma~s~~et and t6t Mort~a~ee nMr ~ake proo( o( losa ~f tAe s~me is not n~ade pranptly h~ tAe ~toit~ssw. In eve~~ nf torc.lr~.ure ~t
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