HomeMy WebLinkAbout0846 PROV1DEn, AL~YAYS, ihat if the \1or~gagor shall pay unto the ~iort`a~ee the ~odebtedness ev~Jencrd hy a
certain ptomissory note of which the follav?ing in wotds and fi~ures is a trur copy to•v?~t:
s...~,625.00 - 1 F~~~ ~ Jul 28 73 ~
a. v ,
~ F'ot~~i~LUE~~~?Ep__ _ F1E , i o int lv .~n~d ~v~rN_a_ i l~y
, ~.e eo
wr
~o~~~.or •
~he principal sum of ~NF_ T1~IISAND STX HiTNDRFD TWENTY-FTVF ANn L!l , to6ethee with interest
hercoe (wm date at the nte ot ten pereeet, per aneua~ until matutitp, both prineipal aed interat bein6 payabk in IawWl mooey ut
the United Stata at 2244 Bi~eryne Blvd., Miami, Florida, or at weh other place ~s the hoiden hc~eo/ may desi6n~te in writina.
Principal and inece~at pay~We in instatlmenw r fotlow:
THIRTY-FIVE ($35.00) DOLLARS per month beginning on the 15th day
of October, 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 put after one yeu ftom the date hereof upon payment of a penalty equivalent
~o five percent of the princip~{ sum prsp~id.
Each in+taitment paynient ~hatl bc credited fint on the inteoest due. ~nd the remaindet on principal; and int~rr.! ~h:l1 tbrrr-
upon cease upun Ihe principa! ~o credited.
'fhe m~kers and ~ndonen ot this note further ~ree to waive demand. notice of non-p~yment and p~otest, and in thr wcnt wit
~I~all be brought [or the cdlection hercof, or the nme hu to be cdtceted upon demand ot an attarney. to pay reuonable attorney R
tr~> tor makin6 sueh cdlection.
DefeRed payments hereunder ~hdl beu ieterest at the rate o[ ten percent per annum from nutueity until paid.
1'hi~ note M ~ecured b~r a mort~te o( even d~te herewith and ie to be conatrued and enfaced. accordir~ to the tawa o( the
. ate ot Florida; upon detwlt in thepa
yment oE prineipal ~ndlot interest when due~ the Mrhde ium of p?in~ipa) and intcrcit
mainin~ unpaid shill. it the option of the holdtn. become inunedii y due an ~ayaWe.
~ t ~ - ~~-t-~" (SEAL)
.
--~1,1.t ~F(~---•~(~'r'~~ (SEAL) i
S
and ~hall pe~form, cump{y with and abide by each and every the stipulations, agreements, conditions and cove-
nants of said promissory note and of this decd, then this deed and the estate thereby cr~ated shall cease and be
null and void.
1. The Mortgagor hereby covenants and agrees:
(a) ?o paY all and ~~n~ular the a~~~~w~ and ~nterest and olhcr ~ums of money payaEle by rittue ot sa~d proenssory note and th~s
derA, a either, proaptly on t6e days respecurelY the same scvera)ly becomes due.
(b) To permit, comm~t or suffet no waste aad ~o msmu~n tEe ~mproveroents at all Umes in a state ot sood repair and cond~aon, and to
do or perm~t to be donc to ss~d prem~ses eoth~n~ that ~r~ll alter or chan~e the use and character of said property or ie any ~sY ~u~D~il a
weaken the secuntY o/ this ma~p6e. And in case o( the refusal, nealect or insbility of the Mwt~s~or to repair ar.d maintain s~id proper-
ty. Ihe Matt~aeee may, at h~s op~~on, make such repaus or causc the same to be msde, and adrance moneys in that behalf.
(c) To pay all and c~nsulu the u~es, ascessments, levies, liab~l~ties, and oblisations ot every eature oo ss~d deseribed property esch
and ererr ~rhen due and paYible accord~na to lavr, befare they btcome deliaQutnt, and ~o delivet to the Matsasee oe or beto~e March
lSth of each year ux reuipts ev~denc~n6 thc paymrnt o( all la+rfully ~mposed t~:es Eor the precedio6 ealendar year, to mdemndy the
M«t~asee ~pon his dem~nd !or all uxes, a.sesaments and chsr~es tbat msy be assessed upon this mottsa~t on the indebtedness
cured hereby, and paid by the mortaasce, a~thoue re6ard to any lar heretofae enacted a hereafter to De enacted imposin~ ~ayment ot
the r6ole or any ~art tAereot upon the ~lortga`ee.
(dl To pay all and sinjular the costs, charses and expenses, iecludm~ larryers' fees and abstract costs reasonably incuned or paid at
any t~me by the fllort6a6ee because ot the (a~lwe on the part of the Mortss~oc to pertorm, canply ~r~th and ab~de by eacA and erery the ,
supulrt~ons, atreements, cond~~ions arid covenants o( ss~d promissoty note and thi~ deed. or eHber, and every such~paymeet shall bear
~n~crest tram date at the rate ot ten 1105) per centum per annum. -
I (e) lt is furt6a coreeaoted and ~~rced by s~id p~rtie~ tbat in the eveot ot a suit bei
~a~ce sh~ll be eetitkd eo a Ir at anr tiise ~~d~ituted to toreclose Wis awttaaae. the Mort-
pp peadia~ sucb foreclosure suit to tbe cowt D~risj jurisdictio? tl?ereot ta 1Ae ~ppoiat~ent
of a receirer ot ~11 and tinsolar the oort~~ted propetiy. ~nd ot ~11 reets. incoa~es. ototits. issnes aad rereeues thersd. (ro~ ~hatsoever
! source detived; ~od Were~pa? it i• hercblr exprts~ly coreoanted and ~~teed t6u tbe Caut s6a11 forth~iW ~~oint sue6 teceiver vith
the uswl poners ud duties of reccirers in lite eaae~; and aaid ~~OiAtOEpI fball bC ~ade er tbe eart u~ ~utter ot striat ri~ht to
~ the Mortp~ee, ~nd ~i~hwt referenee to the adeqway. a~ iuadequacr ot the ~alnt of the ~opetty 6erebr ~atq~ed. or to tAe solreacr
~ or iesolvsacy M cbe Mortaa~ats or ~nr ot6er party defcedant to sueb suit. 'IUe Mortea{or bttebr ipecifieaHr v~ives tAt risbt to object
[o tbe aopoiat~ent d a reuirer u itaesiid ~nd hereby espresalr coeieots thst sreh ~Opointseat ~h~11 be ~ade as an ~itted cquity
•nd aa a s~tter o! ~bsolute ri~ht W the Mor~~a~ee and that the s~~e ~r be daae .rit4an aotice W tbe Mat~a~or.
(f) If toreclosure orocesdio~ sAonld be instituted spinit 1he prooertr eovered br t6i~ ~ort~a~s ryoa say otAer lita or cl~i~ ~rhetbe~
•Ile~ed to be s~eperior or juaior to We liee of this sortp~e, We Mottp~ee +~tr at Ais optia~ iw~edi~telr rpoe iestil~tion of sucA suil
w dwina tUe peadeDSy tbereot deeiare tbis mortpae ~ad tAe indebtedae~s secired heteby dne .na wras~e t«u~.~~e .~a .ur its
oPtion proceed to (oreelose this ~ortsa~e.
(v 7'b~t the Mort~or ~rill keeo all re~l u~d persoaal propertr nmr a 6ueafter eecusbered by t6e liea of d?is o~ortsa~e iasured ~s s~y
be required tro. w~~.~ ey ee~ ~«e~.i~~ ,~.~A,~ ~o„ er r,.~, riadstorw aad otAer 6~sards. caswlties aed coo~iu~encies tor such
penods and for aot less thaa ~uch ~ieounts u s~r be required by tAe Morya~ee ~sd to p~r ~o~p~lr rhee dYe ~II pre~~uws for sucA
iaauru~ee. The ~~oue4 ot issaraoce reqwred br t6e Yott~asee s6~11 be t6e ~iaiws aso~eb tor ~bich s~id ias~ranca a~all be rrittea
aad it sh~ll be incuwbcet opon ~he Mortisaor to wiatais aneb ~dditim~l ~psYr.s~e ar be o«~::.rr w.Ke~ ..a ~o.p~r t~nr .~~n
alt co-insunece requireweots cont~iaed in s~id policies to 16e eod tAat tbe said Mortp~or is aot ~ co-i~suror there~nder.lnsuqece
sball be vrittea by ~ co~~ar ar ca~pwies ~oprored a~ desi~ted br tbe I~ia~rt~~et aad ~1! oolieies ~ad reoe~~ls tbere4f shaU be beld
by tbe Mat~ee. All detailed desisoatious br Ue Mort~a~ot rhich are accepted br t6e Nott~a~ee ~nd ~11 yree~ests Yet~sea I~IoctN~or
~ and Mon~a~ae rtluin~ to ia~uraoce. so~! eaistin{ or bere~tter wade. shall be in rritiss ~ed sb~ll be a art of tYis ~otlg_~e a~reeweat
~ u tullr ~s tt~ou~6 set fonb ~erbstis hereia ~ad a6aN ~onrn bot~ oartie~ bereW and tiei~ snccessas ssd usi~ss. No lien ~yon ~ar ot
~ ssld yolicies ot insurance a ~Pae au~ refunA or rctum ~e~i~ ~Mie~ ar be ~rable a? the tucell~tioa ar tetsin~tioe thereot, shsll
be ~iven to otber than U~e 1lorya~ee. e~cept br oroPer adorse~eat ~Ifised to snch ooliey and ~ppro~ed br Mortp~ee. Eac6 ooticy of
j iaarranee ~halt hare ~ffi:cd thereto a St~sdard Ne~ York Mo?ya~ee Cl~we witbadt Cootri~tioa. w~tin~ a11 loss or losses uader auch
E oolicr ar~ble to t6e Monp~ee ~s its iaterest ~ay ~opsu. U the a~a~t ~er s~ or au~s of ~oaelr becowe ar~ble ihercw~der the Nori-
~ ~a~ee sMll Aare U?e optia? to reeeive aad soply tbe s~~e on aeeant of the iedeetedaess bercby secwed. or to oensi~ eRe Mrxt~sRo?
to receire aad we it. a aey part thereof, witbout Werebr ~~ivin~ a i~yairin~ aer ey~~~r, lien. or ri~bt under ~nd by virtxe of tA~.
' a~ort~ale. la event of Iws or pAyaic~l dama~e to the aort~s~ed ptopertr the Mort~a{ot shall ~i~e iiwedi~te notice tAereof br ma~l a~
! ~he dlort~~~ee and ~he Mat~~;~te aay ma4e ptoof of losi if the ssme ~s not n~de ptowptlr by the alatia~a. ln erent taealn.ure of
. - ~oRr21`~ Y~~t Sd~. .
~~..~__:~w ~ _ y ~ , ~
~y