HomeMy WebLinkAbout2006 . • . ~ v • ~ i
t'NO\'tl)F.t), AI.R'At'~, that if thr \1~?~~K~~;or ~holll~3i~~fin~~ ~Ih• ~11~.r~F.~~~•~ ~h~• iml~•bt~•dnr•~ r~idrnccd by ~ }
ccrt~iu promiNUn notc uf which ~he followmg ia wo~~la a~d fi~;ure~ is a true cup~ tu•wit:
,
; 562, 666.66- Nc~w York :pa:x _I~~r~h 15 _ ~s?
FOR VALUE RECEIVED tti• Y11d~ff~~11f~ oroiwi~e~ to poy te the orde• o+ _SOL _FRIINKEL_ ~tl1d _BERNICE FRANKEL_
- - - - _ th• P?incl~l s~w~ of
~T~iTWQ THOUSAND- S - G2 GGG . GG . _ ~ ~
'tiflR.ED $IXTY-SIX_& ~~~1.~~.Dollort S- t - o9~Me? witA inte~eit the~eow 1?on~ Aete •f fb• hfe ef
e ightp.«.~~. pe. annum ~~~;i Tofurifp, bofh P~incipol ond intere~l ~eieq poyoblc in IOMIYI money of fbc Unifed St~~et, O~ it~
~o„i.oi.~~ et 15q5 Alton Road, Mi~mi lic~ch, i'loriiia
_ _ $
~oid p~inciPot ~u~n and inte~e~t to b. Pey.b1. oe fA~ dete• eed ie ~Ae o~noun~s o~ spec~licd belov+, ~o-~~~: ~ i~rineip~l payable lA ;
-~ven (7) equal consecutive annual installments t~~t~~th~~r with int~r~st on unpaid
~alance. The first principal payment in the am~unt ~f $R,~52.3~ plus accrued.in- ~f
__crest shall be due and payable on Marclt 15, 1975 ~n~ ~ likc suro plus interest, M
_liall be paid on each March 15th thereafter for s ix consecutive years. ~
^`l~is Note may be prepaid in whole or in part at ~;n}? tim~ without pen~lty.
y. .
S~ch instollment payments sholl be opplied first to the interest eccru~ng u~ier the terms of th~s note an~i then to o reduction of the 'f
•N
, n,,, .~~,~I ~ndebtedness
„M rr N~ nt«.ur t~ I~old t~cA o1 ~
m.~?~~ ~~~A end~.~frr fe~~~~ll~ ~wawts dem~nal. PrMHI ~nd ...•t~.~ ot r ~.•r. r ~ ..r ~•r~. ....n Pey.•,~~•r pr.~t~~1 ..~~~1 . 1I ~
f
r r~~~~ ~•ble n m~\trs u.d emtorun.
! r h nu?er an.f emlo•s~~ ~yrr~f. ~o•ndy ~nd sever~lly, ~o p~v ~tl ~.,Na ..1 i. Il~.•.~ lu~l.m~ . r~.~a~.,~d•Iw ..n ..neV~f f~~• ..r.. p......~.nl of ~hi~ nnt! d 1ny P'
,..c::f a~/h! {.r.r.c.p~l lv •ny i..tHt~t 11~er~nn it ~~.+t p~~.1 at fh~ rr~t~r•l,•• .+.~t..~r..y ~I.p:e;~1. . ~r.~.ri~? .~.rf~Ary {.r~.lrtT l/.e !t'.• •I 1+ereul. whlthH Su~l ~ t.
~ o~ no~ u well H p~Ym~^I o1 ana nry's lees o~~ .y.t~t~l .
`~:~s not~ ~nd d~fr.r~d u~tere~l p~Ymt~d~ ~MII hea. n~nter~~f •1 tM r~~~ ol__tCn p~. r.n• t,er ~:,.,,~m 1mm m~fu.~~y i,~~•l
11,~? not~ n~ecurtd I.y .purehase ml^••-I'.~h ~•1 ev~n d•~• bere+y,~~, •n~t ~n hw ~nn~r..:wd ~~d enldaed .~a.d~.~•~ rr, t~«~ ol IR• S~~t~ 01 f~wid~:
. > ~!~!e„11 io 1?~t I~~yi•`~n/ ..1 ~.r~n<~~~~1 •nd ~.r ~N~•?V J,~w on •r.y rt:.~~ ~~~..•~J by ~~d ~n...~pa;~l. wIt ••r,:n~r~H ~o ~~tur~d •nd r~ma.mN~ unpi.d ~hdl tor~h.vit~1 ~COm~
~..n~. notwAh~t~ndinV r.~M. ~n. of ~he holde.. PF.QI3LE iIILI, I3UILDING CORPOTt~1TION
f:t~tes~ : ~
~
t ~c~,.~ ~-4,w~~ -~'Z~-~' (~g
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Secretary ` ; Y^ dent
_ . ~ _ - . - - (lS)
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~nd shall perionn, comph with and abide bc each and every the stipulatione, agreement~, condition~ and covenants of ;
eaid promissor~- note a~d of this deed, then this deed and the eetate thereby created ~hall cease and bt null and void. '
1. The MortRagor hereb~ covenante and agreee:
la) To pay all •nd ~:n~ula~ the principal ~nd intereFl rad other aunts of moner p~r~ble 1~~ cirwe ot wid promi~wry note ~nd thi~
deed, or either, promptly un ~he days re~pt~tivtly thr ~sme be~errlly bKOmH due.
Ibr To permit, commit or suBer no arue and to myint~in tl~t improvementa ~t •11 timea in •~ute uf Rood cep~ir Nd coadition; and
• to do or permit to- Le done to arid premise~ nothinR thal wi11 dter or ehsnEe Ihe we •nd ~h~rarter of raid propertY ur in •oy w~y
' impair u~ we~ken the securi~y uf Ihi~ mortP6c. Aad in ~a~e of tLe retwal~ ne6lett or in~bilitr uf Ihe ~Iortp6or to rcpur iad m~iauin
a~id propertr, thc ~tortd~Ree m~y. at hi~ optiun. makt ~ue6 repaira or c~u~e the ~~me to be ~n~de, ~nd ~dv~nce mont~s n+ th~t behalf.
~ Icl Tu p~y all rnd •inRulrr the trsea. ~ts~u~nenU. ~evie~. li~bilitiea, •nd oblisation~ oi e~ery aature on uid Jeacribed prupenr eaeh
and e~ery ..hen Jue and p~y~ble accordinE lo I~w. before ~hey bccomr delinyuent. ~nd to deli.cr to Ihe \tort~,a~ee an or betore Marcb ~
~ lSth of e~eh yc~r uz reeeipts e~•idenrin= the p~rn~rnt u( •11 I~Niullr in~posed uze~ for ~he precedin6 ~rlend~r ye~~• to indnonif7 the
P `iort`~aee upon hi~ demand (or ¦Il u:eti ~wewmcntc ~nd charRa~ thst m~y be r~seseed upun this mort~se on the inJebtedne~s ~etured .
? herebr. and p~id by the murtR~6ee. without re6~rJ tu any law herc~nfure enacted or here~iter to be eoacted i~npo~ing parinent of tht
~ whole or any part thereof upoa the Nort~a~t~e. ~
z
~ (dl To par ~U aad ~injul~r the eu~u. clur6es u~d expen~ee, ~~LdIpR I/M7ln (en ~nd ~Ls~ract co~~s re~sombly incurred or ~id ~t ~
Y
~ snr time br tbe Vortp~ee f,ecause ut the t~ilure on thr p~rt ot +he yort6aRor to perfurn~~ eoniplr wi~h and ~bide br ea~h ~n every
„ the ~tipul~tion~. ~{teemenu. conditiuns rnd cu~en~n1~ uf uid promiewrr note and this deed. or ei~her. ~nd every weh p~yment ah~ll
~ bear inte~at ~rom d~tt ~t the ~~te uf 1096 per 821T1111R.
~ Iel lt i~ fur~her eoven~nted +~nd ~Ereed by s~id p•rtin th~t in tlx e~ent of ¦~uit beia6 in~tituted tu fure~luu thi~ mortsa~e. t6e Mort-
~ p~te ~h~ll be entitled to ~pply at ~ny time p~ndin` ~uch fore~losure ~uit tu thc court bwin6 juri~dictiun elureof for the ~ppointmeM
~ o[ • reeeiver of ~11 and ~in`ul~r th~ murt~6cd proper~y, ~nd ot dl rcn~s. incumec. pro6t~, ic~ua and re~enues thereol, (rom r+6attotver
~ou~ee derived: ~nd thcreupon it i• heredy ef~prealy coven~ntcd and ~Freed 11ut the Court dull forthwith ~ppoiot ~ueh reeeiver r+ith
~ the u~u~l powen and dutin ot reeei.ers in like cafeE: •nd wid •ppoim~aent shall be m~de by the court as ~ m~tter of ~I~i~t ri~ht tv
the Nort~Ree. and without referenee to tha adeyu~rr ur inadequ~ry o( th~ ~rluc of the property hereby mort`aRed. or to the ~olveocr
or inwlvencr of the MortR~6ors or •ny uther p~nr defend~nt tu ~u~h ~uit.•'Thc NonE~6or hereb~ speoifically w~i~•e~ the ri~ht tu
~ object to the ~ppointment of • recei.er at riuresaid ~nd hereby tzprrsdr eoruents that ~och yppuin~ment shdl be m~de en admitted
~ equitr •nd u• m~~ter o( absolute ri6ht to the ~'lort~see ~nd tl~~ the samt m~y bt done withow noti~e ~o ~he Mortsa`or. ~
(f) I( forcelosurt pru~cedinRe shuulJ Le instituted aµinst the pruperir cu.~~.~d br ~hi. mort6aRe upun ~ny other lien or ~I~im whether
- •Ile~ed to be ~uperior ur juniur tu the lien of chis n?~nRa6e. the ~1ortFr~te n~ay ¦1 I~ib option immedi~tel~ upon institwion of wch
~ ~uit or JurinR the pendenc~ thrreuf da•I~re this mort~6e •nd tbe ind~btednr~s ~ecured hereb~ due ~nd p~~~ble fotihw~th snd mar •t
ib option proceed to ~or~~lo~t lhie u~ortF~R~-
Fea
1`1 Th~t ihe ~1or~tasor w~ll keep all r~~) •nd penonsl property no.s or her~dter ~n~umbtced by th~ lirn u( t6i~ mu?t~taRe inwred
u rn~y be required from time tu ti~ue ky ~6e NortgaEet s6ainst loas t.y fire, windNunn snd o~h~r h~:~rJs, ~~sudlies •nJ ~ontinEeneiM
_ (or ~uch period~ and (or uut lesE ~han ~urh •muuntR ~s m~~ b~ r~quired br tht MortpFee •nd to p~y promplly w1~en du~ dl premiums
- (or ~urh insuran~e. The ~muun~F uf in~urrnce r~quired G7 tht NortpRer ~hall Lt th~ mini~uw~o auounts for v.l~i~h naid in~ur~n~t ~hdl
Le writtrn rnd it shal) be in~ wnb~nt upun the ~1ortEaEor !o m~iM~in su~h additiund insur~n~~ as mry Le n~~eea~ry to meet anJ ~ompIr :
fullr vrith all co•insur~~~~ reyu~r~mtnA cont~ined in ~aid policits to ~h~ enJ ths~ tl~e uid ~1ortR~Ror is no~ a ro-inauror ~her~under. '
` In~ur~n~e shall tr~ written by ~~~~~np~n~ or .-ump~nie~ ~pproved or ~ksiEn~ted hy ~h~ Nort~taRee and all puli~ies ~nd rtne~rds ther~o(
sh~ll be held Lr ~he ~tortFa~ec. Atl deuiled d~~iRnations by tlx AtortRaRor whi~h u~ ~cte~~ed bY tl~e 11ortR~Ree and ~1) •~u~emrnu
= between MorlpRor md Hur~pRt~ rel~tinF to iniunn~e, noM exi~~inp ur h~r~after madq ~hall be in writinR •nd ~hdl br • part of ~hn
- mort~sKe aRreemrnt a~ fuUy as Ihuu~th ut ~onh ~erb~~im herein u~d ~hall Rovern both par~i~s hert~o ~nd ~heir eu~~~~sors and iKIRnE.
r' No lien upon ~ny of wiJ policieE uf inwnnre or upon tnr relund ur r~tum pr~mium whieh may be psrable un th~ can«Il~tion •r
s`~ tern~in~tiun thereof, ~h~U b~ Ri.en to o~htr tiun ~be ~tortpRee. ~ar~p1 by proprr ~n~lorsr~n~nt ~H~is~d to ~ucb politY and appruv~J hr
:NonR~Ree. E•~h policy of insuran~~~ shall hs!ce •ffix~d Ih~retu ~~tao~lard ti~~. ~'orl. ~1orlpR~~ /:lau~e without Contribution. mak~nE
•II lou or loues under bu~h poli~~ payable to tht HottRsFet u ila int~rtst m~~ appr~r. In th~ ~v~nt an7 ~um or sums o( mon~y br~om~
'A~~ p~r~M~ ~her~und~r the ~lorlp~~~ sh~lt h~ve the op~ion to rr~eivr and ~pply th~ ~~mc on a~rount nf th~ indebltdn~~s htr~br e~c~red,
or tu prrmit the Morl~Ror to r~~ei•~~ ~nd use it. o..~r p.r~ ~.~o~, Mithoul Ih~rthy w~i.~inR or imp~irinR ~ny ~quity, li~n, or riRh~
3=: under and by vinu~ of ~hi~ mortR~K~. In rvent o( low or phrii~al dunrRe Io th~ mnrtR~R~d proprrtr Ihe MortpRot ~h~ll Riv~ immt-
di~te nntice thertof 6~ nuil ~o th~ ~tortRaRee and lhe NortRaRee ma~ makr proof of loat if ~h~ s~me is not ma~le promplly hr Ihe
Murt~ta~ur. In eree~ o( forerlo~ure uf ~hit nwrtR~Re or other Ir~nder uf ~i~le to the mortp`ed proper~y m eatinRui~hm~at o~ ~h~ ind~bt-
- ednes~ stcured herel~r, •11 ri~{ht. title ~od ioterest of the A1ort~Ror in •nd to •nr in~ur~nce polieies then in forte ~h~ll paa to tLe
':1.~'
pureh~~er or `wntee
':rt~_; Ib1 To perform. eomplr ~+ith ~nd ~bide b~ eub ~nd every t6e ~tipalatioas~ •~rcement~. condition~ ~nd covewou ie wid promi~son
~ nQte ~nd in thi~ deed ~et (orth.
Y - aoo"ac226 ~~cFz005
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