HomeMy WebLinkAbout2477 PROVIDED, ALpAYS. tb~t it tLe ltoet~oe s6aU phr ~mw tba l[ortaaaee the indebted~ea~ evideoood b~ a
oestaiu promiaorp noto ot rrhieL the foUo~ria6 ia wotd~ ~sd ii~sres u a true e~op~ to~rit:
: 70~ppp,pp MORTGAGE NOTE lifami. Florlda. ~"~"Y , ts 73
FOR YALUE RECEi~'ED, Tbe uadetsl~ned proofse(s) to pay to the order oI
SOUTHpq~T AMBRICAN NATIONAL BMIK Ofr RORT LAUDERDALB a~
or such ot6er ptace as the holder(s) may ttom tioe to tioe in writfa~ desl~nate. tbe prleclpsl sa• ot
SEVENTY THOtJSAND AND NO/100-------------------------------- 70,W0.00
Dollars ~
toeeWer wlt6 iaterest theceon upoo tbe uopaid bWance. at We rate of 8-1 Z pet centum
per aanus [roi date bereo( aotA tnUy paid, bot~
principa! aad interest beto~ pqyable ia lawtd moaey ot t6e Unfted States. payable as foUowa: ~
- THE SUM OF ~$9..~ rtR M01ti'Fl~ WHICM INCI.l10E'a MtIMCIPAL
AND II~frEREST~ COMM[lICIlNi ON TNt 1.~T'li MY OF JYlIt~ igl3~
wno w uKS suM oN ~s 15rn~ ar?v o~ r~?c~ succtsa~w Mo~
THOtWTtR UqlIL MIO IN !RlLLj ALL MYM<lfri TO u A~I.ICAeL.i j
FIRST TO IM'ERI[ST A!~ THtq TO rllIIICIPAL• ~
THIS tiDTt MMr Bt PREPAID IN W1Kt OR IN FULL AT ANY TIMt W17110V~ PiNAL.TY, Y~R ANY l~R~MYM<IfT'S MApt
HEFtEtINDBR SWW_ A'PLY TO THE LAST fitlOCtSDING INBT/1LLIN[!R MYMEltTS OtJ[ MEROlt~tR• ~ ~
R'hile io detault thia nde shall bear interest at t!?e rue of ten per cenum per mnun, i
it is further stipulated in t6e ezecutioo af this nwe t6at should the makerls) hereo( tail to make anr paymeets o! principal or imaeat at t6c time, the saee i
.t;all become due and parable and should the same remaia ia default [ar a period oi ~~Ea daYs. theo t6e remainios parmeats tl~en uopsid shall imm~d• ~
iac~l~ become due and paYable in accordence writh t6e terms aad conditions of t6e mort6a`e thia da~ e:ec~ted br the waker(s) hereof. E ail~re to e:acise t6i• ~
~ption ahall aot eonstitute a wrei~er of the ri~ht to ezercise the same in the e~em ot aoY subsequeat defwlt. ;
The maker(s). endorsers. auteties. `uaraotors and all otber peisons dw mar become liablc [or ebe papment l~ereof, sererellr ~rai~e demaod, pteseotment~ !
notice oE noo-parment aod aotice ot protest. and in caae suit s6all be brousht tar t6e collection hereoi ar anY part hercoi. or t6e same has to be collected upoo °
~iemand of an attorner~ to pa~ reasonable attorney'a fees tor makin6 suc6 colleetion and dl costs incurted therebr, +
This is a matsa~e note e:ecuted simultaneoualr rith aod secured br a matt6a~e of e~cn date 6etewith made br the makcr(s) heteio to the paree(s) 6aeio ~
and is t be conatrucd and enfarced accordin6 to the laws ot the State of Flwid -
S ~
(SEAL) ~ (SEAL)
~ ~ 3
(SEAL) (SEAL)
and ahall pufosm, eomply with and abide by each and e~?er~ the atipalations, agrcemeat~, oonditio~s ard ooveaaats ot
said pmmiasory note and of thia deed, then this deed and the astate therebr created ahall cesse and be null and void.
j 1. The Mortaa6or hereb~ covtaants and aErcea:
~ l•) T• p.~ all ..d .insalar ~hs pri.cip.l and ia~erex and o~La w~s of m.ne~s w~abie br vir~ae sf ssia p~.misserr ,w~e ana ibs
( deed, ~r eitber. P~~mPU7 os t6e daps rqpeai~d~ tLe ~aaie se~essll~ beumes doe.
(b) T~ persit, eoautit sr saffer no vra~te ana t~ saiauie the impro~eaeats at all tiaes :n a sate oi soed repair and "eonditi~a; an~
q d~ or pamit t~ be dooe te aid premises not6ies t6~ ~rill alter or ehanae tbe ~se and c6aracter of eaid propert~ or ia anf M~7
iop~ir or rralcen t6e reear~~ of tLis mort~e. And in eoe of tbe rcfnsal. ne~leet ~r iaabilit~ of the Mwtpi~r to repair and mairai~
~ P~'oP~7. tke 1[att~ee a~ay, at Lis option. malce wc6. rep~in or caase-t6e taee te be wde, and ad~aaoe manc~s in tLat be~lf.
(e) T~ pq all ~nd sta6uln t6e tases. as~ssmeats. le~ics. Iiabilities, and obli6~ions of e.aT mcare oe said aaen'bed pr~P~7 ~
A
and e~er~ ~rbea dse and pa~ab4 aceordids to lar. betore tbe~ beeome delinyseat, ani t~ dcliver t~ tLe Mort~ee on ~r be[ore
iSt6 ~t ae6 ~ar ta~c reeapts e~idencin6 ~ P!7~nt of aU la~v fdl~ impesed tazes for tbe preced~+~6 calendar 7euc t~ indesaih tbe -
a4rt~a~ee apee bis deeund fot al[ taxcs. aweaments and eLarses /La~ ma~ be a~sea~ed ~pos thia mort~~e on tbe indebtedaess ~
Lar
6ereb~. and paid b~ t6e mortss~ce, witho~ re;ud to aw~ laMr haet~fore emeted or heratirr to be ena~tea ~mpofin6 P~T~~ ~f ~
whale ~r ao~ prt thereof apon tbe Mort6~6a-
(d) To pq ~l snd dn6atar tbe co~tc, chuses and c:penses. inclodin~c larryren' tees and abarsd awts reasooabl~ iocarced or Qaia st
a~r t~se b~ t6e ltortsa6ee beaa~e ot tbe failare on the psrt ot the ~ldort~or to pertorm. ~ooplr ..uh and ab;de b~ ~6 ,nd ~.eri
t6e ~tipoi~tiens, a`recme~s, eoaditions sod eo~eaants of wid promiESUr note snd t6L raort6ase et either. aud e~er7 so~6 ps}raed eLall
bear f~udt from date at tbe rste of ten per ce~um per annnm.
(e) it L fortber oorea~oted and aar«d br uid parties that in the ereot of a soit beirM imtitrted to isreelese thi~ ~orti+Et. ib~ ][~K-
~a ~6d1 be era~led to aPp17 at anr time pendina suc6 foreclosnre suk to tbe conrt hwios )viediction tbete~i f~r tbe appointseat
~f a retei~er of all ind sinanlar the ~ona.a~ p.o~r. a~d ei all re~u, ineomes. preCUs, iaaef and re~enaea tbere~f. fro~ abat-
~ s~e~a Norce dai~ed; ~ed tLve~pon it is bereb~ e:presaly e~~cmnted and a6reed t6at tbe Coort shsll is~tbwitb appoiet.tse6 reoei~a
vritL tbe u~al por?en and datia ~f reearas fo Ijke eases: aed ssid appeinteeot s6aU be ~nsde 1?~ tbe G~rt u a satter ~I ~trict ri~iu
t~ t4e 1[ortts~ee. and writbou retercace ts tbe adeqaac~ K insdeqwc~ of t6e ~dee sf tLe PnP~t7 bereby nert~ea. or to tbe whesey
~r IaNl~eoey ot t~e l[atp~~n or anr other put~ defcnd~nt to soc6 mit. Tbe ][artp6er ~ereb~ apecifieaU~ ~d t6e ri~Lt b~L~cxt
a ~6e .ppat.cse.c •f • recd.er as af•ee.aid md bereby e~pres.ir e.n.ea~ ~L~t wd~ ~ppoiutoe~t shsll re maie a m~ktei eqrit7
~ asd as s satter e( abs~late ri~t t~ iLe l~~ee and t6at tbe ~ame uu~ be dooe ~itboat ootice to tbe ~[oct[~iK
(f) I( f~recl~ pneeedin~ ~bedd be institoted aaainst tbe propert~ co~ered br t6is moct6a~e apon sor otlur liea ~r dsi~
~
~ alle~ b bs s~pe~~r et jaai~r te tbe Iiw of t~ ~ertpaa t6e ~Iortp`ee nu~ at his optbn immediatel~ rp~n fmtit~fo~ ~I Mie6
wdt K i~ tbe peniescp thereoi. declare t6u m~rtaa=e and t6e inde6tedsen senred bereby dee and p~Table i~Nbwitb ani ~a7
~ ~t iRS ~ptfon prsceed to fsreclo~e this mort6a6e.
Trat t4 Y~etp6x will keep all real and pers~oal pnpaq ooa ar Lerea(ur enc~nbered bs t1~e liea thjs ~rtpie i~rsa
1 a~ aur be teq~irea Irom time w tiae b7 t6e 1[ortp`ee spirw. lou. f$a wind~term and otber 6s~ras. cas~ah{cs a~d e~bi~
!or meb period~ ~od far not las tban we6 awrnis u w~ tis by tLe l/artpsee ~wa t~ Pn' P~M~7 wircs d~e dl pa~ws
f~r wei iwranee. Tbe m~uMS ~f iasan~e~ reqt~el b~ t6e 11ert~ee rhsU be tbe wiaimaur ~ws~ts fir wiae` raid inEOr~nea ~11
M~ be writte~ ui it ~ll be iseo~ait ~pN tLe ](~rtsapr a maialaia s~cb sdditioml insarance a~ sq be ieeus~ry t~ o«t aoa caP~7
- ~ toll~ wrlt~ all e~inwr~noe req~ireoent~ nnutred i~ s~ia p~lteka t~ tbe ad t6st tbe ssid Mort~spr is iwt a coaos~r~r tLer~rnds.
L~wr.ses ~WI be ~e~ta y a e~.pa~ ~r e.~psie~ app~.ea or dai~natea b~ ~be l[~rsp~ee .ad .u p.licia .si rcnc~,L t6ere.(
~ idl be ~e1d b~ iLs Ii~et;s~. All i~~ika aafvuti~us b7 t~t li~rtis{~r wbic6 are actepte~ ~ tre ~l~rtia~se ~i dl a~ree~ats
~ ben+ees YM~pc nd M~rt~ee rdstio~ t~ fawra~e~ ww e:ietios ~r tiaaiter ~sie, ~bsU be is ~.rkiw~ sd d~dl be a p~t ~t tM~
J ~N't~! ~t q~1 M f~10~ Nt ~K1ti ~lftiM~ ~!f!~ aOa ~'tt1 ~lb Q~ft~E1 btfll~ ~ l~Itjf ~1tl~EtMf~ a/l, M~P~•
~ ~~jC/ t~~ M~ ~ M~+ ~~t~M ~~MC~ K 1~~ 1a~ K f~f~'ftO1j~111 t1~~ W~ b! ~~l~~t M!~! t~/[l~jM ~f
c~ri..~i~. ~iaa.f, .bdl be d•es a eU~er ~e ]~.~s.`ee. ne~ br v~va eua.r.e~ea~ JF:d w..d~ p.lk~ a~J .prr+~e~ h
~ Y~tt~a. P~ p~liey ~f iswnwee ~dl 6ne affiu~ t~eret~ • Stao~ar~ Ne.. YKk Ibrtp~ee Cla~se ~ritlwrt fwatriht~w. ~kf~
~ ~Il IMS K bue~ uier ~ P~kf M7~~ a tLe l[Nt~es ar i~s i~+c~t ~r sppcx. In tbe e~ea~ u~ ~~r s~r ~fw~e~
cv~e pqa~le true~e~cr. tbs YKtp~ee ~6a11 Ir~~e ti~ ~~Ri~w t~ e~e~i~t ~~ppl~ tbe sa~e accwt ~f the WebteLer+ rrr~if
u
~ e~re~. ~r t~ p~k tbe Y~st~~r t~ retei~e as~ w it. ~r r7 Vq1 tbetut. wk~rt tbereiy ~ni~ ~r i~~ rf' e~i~1• Ifati ~r ri~
~ or ~~der a~d yr r4ik af tLis ~a~e? I~ t+e~t ~t 1~ ~t~•ieal L~~i~ a tbe w~tp~d or~i~f ~e ~i+sK t~•e ~
o~ s~e~iate wU~e t`ae~t L~ wafl t~ tLe Ii~s~ee d trs ~rtpset ~s~ ~ake pr~ ~t I~a H iS~e ?ame is w~t w~aae pr~sytlr }+T tLe
YMp~sr. In e*eat st t~tetbwre d t1il~ artp~e er ~tLer ~r~n.(rr of ~hl• t~ ~br ~n~nE~<<d propertr i~ calin~uishs~a~ of the
i~d~Medcxrs setur.d h~tf~~, a11 rEFbt. Iitlr •r?d inttr*~t e( th~ lW.ri`.~or in in~1 tc .n: i~~•ur.~~v j.,li~ir? 1l~rn in forr. .h~lt 5..+•
i1r U~~ r~tg, ur r c• . ~ _ . - -