HomeMy WebLinkAbout0474 PROVIDE(1, ALWAYS, that if the Mott~a~or ~hall pay unto the Mort~s~ee the indebtedness evidenced by a
cettain p~omissocy note of which the followin~ in wo[dt aad C~~ures.is s true copy taw~t:
.
~'~25 . 00 ~ For~ Pierce .~a;d, _ February 15 t~_~
~
~ FO ~~t _ „,Wg, jointl~and severallx, ~m;.~~owr ~
totheotde~ol~~a•.'.' ir.~~unl~ , IRQSIEE
the principal sum ot D D -F AND pQ[,~,.+[Z$, ~~~het with ieterest ~
thercon fwm date ~t the ate o[ tes percent, per aneum unW matueiq, both principal a~d interest bei~ payable in law[ul mo~ey o(
the United Sta/a at 22~4 Bi~cayne Blvd., Niami, Florida. or ~t weh othe~ plaee as the holdcrs heceot may desianate in writina.
Principal and i~terest payable in insWlmenb a~ follows:
TWENTY-FIVE ($25.00) 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.~
This note may be prepaid in whole or in patt after ona year ttom Ihe dste hereof upon paycnent of a penalty equivalent
io five percent of the principal sum prepaid.
Each inatallment paynient :hall be cadited Crst on the intertat due, and the remainder on principal; and intere.t ~:hall t6eee-
upon eease upun the principa~ so credited.
The makces and endonees of this aote furthe~ ~ree to waire demand. notice of non•p~yment and protes~ and in thr. event ~uit
sliall be bwught (or the cdlectio~ heceol. or the nme ha~ to be collected upori demand o[ an attorney, to pay rcasonable attorney'R
f~r~ for msking such tdlection.
Defcrred payments 6eaunder ~hdl bear interest at the nte o[ ten percent pe~ annum icom nutudry until paid.
7'his note is acurrd by a mortg~r ot even date hcrewith and ia W be conatrued and enforced according to the laws ot the ~
~tate of Ftorida; upon defwlt in thepa
yment of priecipd andlo~ intueat when due, the whole eum of pri~cipal and intetest
rrmainina unpaid shatl, at the option of the Aolden, becotne immediatcly due and payaWe.
~ ~ . : - ~ ti ~ ' - ' _ ' (SEAL)
L~~~~'t~.. ~ `t ~-~!t ' f-•~.!/l l. ~
~ _ (SEAL)
and shall per[orm, comply with and abide by each and every the stipulations, agceements. conditions and cove- }
nmts of sa~d promissory note and of this deed. then this deed and the ostete thereby created shall cease and be ~
i
null and void. - ~
1. The Mort~agor hereby covenants and xgrees:
(:l To pay tll and s~n~ulu ~he pnnc~p~l snd in[eres~ aad othe~ sums of money psyable by ~irtue of said pran~ssory note ~nd thia
deed, or eit6er, panp~ly on ~he daya respectirely ihe s~wo sererally ~ecomes due.
(b) To permit, com~s~t a auffer no ~r~ste a!~d to. ma~nt~~n the iaiprovemeats st ~Il tia?es in a state of sood repair and coad~teoa. ~ad to
do or perwit to be done to s~id prem~ses aothin~ thaC ~riN alter or cAanse tht we ~nd cAu~ctet ot s~id property or in any rsy ispai~ or
re~ken the security o( A?is matp~e. And in case ot the refusal, nejlect o~ iosbility o[ the Mort~~~or to repair and m~int~ie s~id proper• f
ty~ ~he Mortp~ee m~y, at his opUOn, make sucA repairs or cause the same to be sade, and advance moners ~e t6it betr~lf.
(c) To pay all aad ain~ulu tF~e taaes, assesse~ents, leries, liabil~[ies. ud obli~tioea ot e~ery aature m said described poperty each ~
and every ~rhen due ~nd payable accadins to las, be(ore tAey beeaee delioquent~ and to delirer to tLe Nat~~~ee oa or befae Wrch ~
ISth of e~cb year ua receipts evidencin~ the payment ot ~11 I~~rfully i~ed t~:es for the procedio~ c~kndar ye~r• to iadeamifr tl~e
Mo~t~s~ec upon his dem~od fo~ all ta:es, assesa~nents aed ch~r~es tAat wy •ssessed upon tAis monsaje on the~iMebtedness s•-
cured haeDy, and p~id by the mort~~~ee, withou~ re~ard to aar 1~~ hetetotote enacted or hereafter to be eaacted imposias ~p~ent of
the rrhole or any ~art thereot upon the Mor~~a~ee.
(d) To p~y all and a~nsulu the costs, char~es am1 e~pemes. ioclud~n~ I~~yers' tees and abstr~ct costs ressonablr iacuned ix p~id at
any tiiet by Ne Mortp~te becsuse of the f~ilure a+ the part o! tAe A/ory~sor to pertorm, comply wi~h and sbide by e~ch and every'tht
at~pulat~oes. ~~reesents, conditions and corenants ot s~id p~ooiisory note aad Wia deed. or e~t6er, and cvenr such~payment shall be~r
~etere~t (ras d~te ~t the r~te of ten (JO'fr) per ctatum per aqnum, '
tt i~ further coren~eted aod ssreed by said y~rties t6~t in the crent of a suit bei~ inruituted to forcclose thia ewrtq~e. ~he ~/aa
qits aball be entitkd to aoply •t •ny tise peodin~ iuch toreclosure suit to the court bavin~ jurisdietim ~bereof ta die a~oia~wsnt
, of a rscei~er ot all and sia~ulu tAe ewt~~t~ O~~M~Y. and of all rcats. iecmes, ptoCits. issues and re~eauea Wereof, fto~ ~b~tsoeve~
aaucc derired; aad Wereupon it ie herebr e=presslr eo~ee~eted ~ad ~~rtod that t6e Cawt sha)! fath~itb aopoiet sucd receirer ~i~h
the uswl po~ers and duties ot receivers in lite caaes; ~M ~~id ~~OlptOtpt shall be a~de br fbe corrt u a eatter of suict ri~ht ~o
the Mort~~~ee, sed witAout refercnee to the ~dequacr or ieadeqaseP ot the ~~lae ot t6e propeny hecebr sortpsed. or to tAe sotveecr
or inaol~tecy of the Mortsasors or aay otAer partr deftndan~ to sucb suit. The INorta~sor hereby apeeifie~lly rr~ives the ri~ht to object
to tAe a~oiataeat of ~ receiver as storea~id ~ad herebr espresslr consent~ t6at sx~ a;~ointsent shall be aude ~s an admitted cquuy
•nd ~i ~ e~tte~ of ~bsolute ri~ht to d~e Mortp~te and th~t tbe ~~ne a~r be doa~e wit6out notite co the Mat~~~or.
(t) Jf (oroclosure ~octedia~s should bt instituted ~~~in~t We pro0ertr tovered br t6is ~ottNfe upoa aey othtr lien or cl~~m ~rhetber
alle~cd ~o be superia or jwiior to ~he lien of Wis mort~~ae. the Mat~~~ee mY at 6is option ismedi~cely ~pon IOlIItLt1011 O~ SYCb 3Y11
o~ dwin~ the peedencr t6ereof declare this aat~~~a snd ~Ae indebtednea~ sec~red berebr due and ayalle (o~thr~tl~ ~nd a~sy at its
option oroceed to forectwe thia wort~~~e.
Th~t the Mo~t~a~or will teeo ait resi ~nd persoeal propertr nor or Aere~tter encumbered by the lite of tbia mrtsaje insured ss o~ay
be reyuired frow ti~e to tise by tAe Mortaa~ee apiast Iws by fire. ~?~odslotw aad otAer h~sards, c~swl~ie~ u~d cont~n~encies for s~ch
oeriod• ~nd far not le~~ th~s ~uc6 awoum~ u yr bs rsq~ired !r the I~Iort~s~ee ~ed to p~Y pronotlr ~Aea due •11 oresiums for srcA i
insur~nce. The teiounta of in~Yr~ace required br We Mwtj~~ee be tLe ~inisYat iaauets (or ~Aieh s~~d insYr~nce shall be ~ritta~
aed it ~h~ll be incw~btat optxi the I~Aory~~et tp yia4in such ~dditioa~) in~Yr~nce ~i may bt necessuY to meet ~nd caeply fullr .ith
all co-ieuunnce requiresents coet~ined in ~aid polieiea to t~e eed tb~t ibe siid I~tatN~ar is oot ~ co-iaa~ro~ theraoder.fas~raece
~hall be fnttte Ay a co~asr w co~psnies ~Pprored or desisn~led by the Mortsa~ee ~nd ~11 pol~c~es aad reaerals thercot sh~ll be Aeld
, by the Matp~ce. All dctailed desi~n~tians br tbe Nat~~tor wAieb ue ~cceotsd by d~e Narta~~ee and sll yree~tats ret~reea IAort~a~or
and Morts~tee rel~t~e~ to in~ur~ace. nov e:istin~ or 6ere~Rcr i~de. aA~ll ae in rritin~ ~nd sh~lf be s put ot thii wortp~e ~~reesuet
s~ fullr ~a thor~h ssc fo~ih ~erbu~w Atreis asd sh~ll ~oren boW oanies hereto and tAeir srccessors ud ~aai~ns. No licn upan ~ny of
•dd oolieies of msur~aes or upon a~ refw~d o?retwn ore*iu~ ~hieb ~r be p~r~ble an tbe cancsll~tion a tensia~tios thereof, sh~ll ;
be ~ivea to atAer Mw tht 1{ort~a{ee. t~ccePt br dto0er endor~artat •fliied to aucb policr u~d a~tored br 4at~ssee. Each policy of
in~unnce ~ha11 Aave •(fiaed tRsreto ~ St~nd~rA Ne~ York Mottp~se Cl~~st ~itAaYt Coauibuuon, swkiua all loss or losses ueder srch
oolicr ay~Alc to the Mortpaee ia ~nttrlst awr ~pwsr. !u tbt ers~t aar s~ a swu of moneY beeoat PsY~ble thereunAer Uic Nort- i
~~~ee abal! h~re tke optioq to reeeire aad aOplr We ~s~e ow Keqwt of the indebteAaeas Acrebr secured. or to oene~t the Nort~aEor !
~o rsesi~s ~~d Yst ~t, ot ~ny art tAtrsof. •~tMwt tl~srs~r ~~iria~ ar i~irie~ any eanitr~ liee, or n~11t undet snd by r~rtre o( th~s
wort~ye. In evcnt o/ lo~a a pbriic~l d~~~e to tAe ~y~~ed prooertr ~he A~lortp~or sA~ll ~i~e iw~ed~~tt nouce tAucof by m~~l ~o
tAe Mats~aee snd tAt Mat~~et ~y eyke poof of loss if tbe s~mt ~s not nu~dc prarpdY bY ~0 R t~a{a. 1~ erem .if (ort~ln.urc o1
~ a~z~ PA~ 474
- , : , _ -
z '
~ ~~~.ria~~~~i~r ~ r'~-
"