HomeMy WebLinkAbout2190 ~~Ki1~~~1) l1 \1 1\,\l\ tt.:t I.`.- rl~.:~ ,i •i:.~~; , , ~,1„i~~.,~~c thr :r.~irht~Jnr.. :.~~rn~rJ M .1
itllJ~n ria~il~.~.~1\ tl~+lt_ .~;:~.h Ihc• i,.l;,,...r,! i:'. t.!. .~t.i! ti~u~i. a IiUC ~„-~il '
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~ ,Tul 20 ~q74
: 4 300.00 For
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FOR VALUE RECElVEO WE ointl and severall pwm~e iop+r
to the wdet o! ~~~?A'I WEI • ~
' the pnocipal wm oi FOUR THOUSAND THREE HUNDRED attd no 100----DOI.LARS, to6elhet with inte~t ~
thereon trom date ~t the rate oi tce pcreeat, pc~ aonum until m~turiq. both ptinapd ~od ~nterest bein~ p~yaWe io lawful money ut
1he United State~ ~t 2244 Biaayne Blvd., Miami. Florida. or at weh othe~ plice as the holders hereo( nuy daign~te in Mriti~•
" Principal ~nd ~nterest payaDle ie inaWln+ents d[ollowr
ONE HUNDRED($100.00) DOLLARS per month beginning on the 15th day
of September, 1974, and continuing on the 15th day of ~ach and
every month thereafter until paid in full.
Th~s note may ~e prepa~d ~n whole ot ~n put aitet one yeu from the date hereof upon payment oi a penalty equivalent i
to f~ve Dercent of the prmcipai sum prep~id. ~
- Each ~mtaiimc~t payment ahaii be ctediied iirsi un 3h~ i~sttt~st dut. :as! tht srme':nder on ~tincipal; and inlcrr~t +hall thrre-
uPon eeasr upun the pnncipat so credited.
Th~ makers and ~ndoners o( thit note (urther aaree to wr~ive demand, not~ce ot non•payment and pwtest, ~nd in th~ evenl ruit
~{~all br b~ought tor the cdlection hereot, or the ame has to be eollected upon dema~d o[ an attorney. to pay reasonable attomey's
(rr. [o~ makiry~ such cdlection.
peferred payments htteunder ahdl bear intetest at the rate oE ten peccent p~r annum itom maturiq untii paid.
1'hi~ not~ u aeured by a nwrt~e of eveo date herewith and 'u to be conatrued and entorced accotdm~ to the laws o( the
~tate of Fl~xida; upon dciault i~ the yment ot principd andlo~ intueat rhen due, the ~hde ~um ot pnm'~p~~ +nd ~ntereK
~rmainina unpaid ~hdl. at thc optiom o~~ ~i~~*, ' •na p•r•~.
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~
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ar~J shall perform. cumpl~ N~th and a~i:l~ n~ ea.:h and e~~rr~ the st~pwsn~~r.s, sgrrctn~ni~, wn:iii+i~i~~ a++e+ ~~i~-
nants of 1a~d promissury notr snd ~~t th~, J~ed, thrre th~~ ~ierd and th~ ectatr thereoy created shall cease and bc
null and void.
. ;
1. The Aiortgagor hereb~~ cr.~'enant~ am.! agr~r~ '
(a) To pay all and ~engula: :he p: ~~.:C~~ ar:: ,n:;r~.: .+r.1 .::.rr wrr..~ ~~f c~~~r.r~ pa)a~:c ny ~'~ttue of sa~d prom~ssory note and th~s :
deeJ. or e~ther. Dromptl~ on th~ ,fay~ ~c.pr~t;.c;: :h. .~rr~ , re_"~.,, dsr. ~
I
lbl To pttmN. cocnmit ~~r tiut(tr r,,, ~.a.~tc .,.,=~`rr.t, at ei~ ;~m~: a titatr of good repau and condrt~on. and to
' 1.~, F, ....A ~ . 'RS!12L ~.r ~r.d .ha~ae:er ,~r .aid propetty or m any yaY ~mpau w
i do w permu ~o be done tn ca~d r....~. z _
! rtaken lhe stc~+rity of thic mortge~tc \ ~ . cK,r~ ^~n ~~f ~Ac Stor:gagu• to repa~r ar.d ma~nt~~n sa~d proper-
~ tY. ~he AlortsaRcc may. at hi. op.~ n. ~„s, .~.b ,,.i. . - n~ „r.- ~~c rr.~oc. en1 ad,e~cc muncy. m that behalf.
lcl To paY all and ~~ngufar the ta.c>. a••r->.rr^:~, .<<-- 1:.~•„L+!~c., end u`+:igation~ oi ecery nature on sa~d dtsu~bed property each
- ~ ~ bc, ~_c:~nQurr.:. nnd dcl~~cr to [he ~Sortgagee on or befwe ?1atcA
and every ~hrn Jur •na paYeblr a~.~+r~t;r.K „ .
• •-;o:rd [a,:, •hc ~rcccd~np. calendar year, to mdemnJy the- ~
15th of each ye~r tr+ recc~pi~ r.~dr-,:r.; ;~•-,rr:'• s.. .
\1at6a6te u~n h~s demnnd !or ,tl to.e.. ...~~~~`er,•~ ar,~ ,r~_•cc~ T:i> a~.c~ced up~~n ~n~~ mortgage on tAt ~nCebtedness
cuced hereby, rn~ r.+id ny m~.r:F,ti". ~ -^5 :e» hcr~aio~c rna.ccd ~~r ne;ca(tc. ~o rc enacted imposmE ?aYment o:
the whole or •ny ~art ihcrcot ~ r tn~ s:
(d) To pay all an3 .~n~ute~ !hc ~r,.~~. .n..rp.. , _ . , • -c~ ~ !.~:1~"B :~'+rc*.• ' • and ahctract :osts tea~onanly ~nturred or pa~d at
any umr by ~hr ~fort~Ce~[cc hrie~•; • r..c t, 1 • • ~t,,:::.,E~~• ~ .,.r,. :omp,y +ith and ab:de by tach and zvery the
st~pulat~ons, agrccmtrt., <<~n1~•~•~^~ s•~i, - "~i ^t'- e~d ~rrd, n: c~thrr, aad t~ery such payment sAall Fxar
~ntcrcst (nMf date et ehr rat^ ,,t tc'n .r`.`~" :
(e) It is futlher co~ena•':' arC agreed by s~~d Gut~:~c ~he~ ~n ihr e.enc ef a+u~t Ae~ng ~nsututed to [oreclose th~s matpse, the Mort-
p~te sh~ll be tatiUed to ~pp1Y at any i~me pcndi~B ~uch fure~iosure su~t to the court haw~n~ jur~sdic4on thereof for the appo~atmenl
of ~ teeeivet ot ~11 a~d ~inaular the mor~ga~ed pro^.e*~y, ared ot ~I! rents, incemes, p~o(its, i~sues and revenuea thereo(, frow ~rh~uoever
source derirtd; and thereupon is hereby expressly covcn~n!ed and ~~reed tha~ ehe Court shall fwthrrith appoint such reeeiver ~r~th
tAe usual pwers and duties of recei~ers m I~ke cascs: end sa~d ~pyoinunent shstl !+e mare by the court u~ matter of sttiet ri~ht to
the Mor~p~ee, and ri~hout referonce to the edequac~ or ~nadcyuac~' o( the v~lue of the property hereby mortss~ed, or to the solveney
or insolventy o( the Mortsagors or any other yarly deicndar.~ ~a such su~t. The Mortgasor hereby speci(~cslly raives the n~ht to objeet
~ to the appointment of a recerver as a(oresa:d enE hcreb~ cx~rssly consents that sucA ~ppomtment ahall be madt •s ~n sdmitted equ~ty
~ snd as a nutter of sbsolute nsht to Ur Mortga~cc an3 ~hat ihe same mey be done ~+n:hout notice to tAe tilorti~~or.
~ (f) It taeclosure proceedm~ should bc ~nst~tuted aE~~nst the ptoperty co+ered by th~s mortsase upon any other lien or claim rhether
y~,~c slle~ed to be super~or or ~unior to the I~er. af :1:is mortas~c. :hc lNortga~te may a~ h~s opuon immedutelY upon ~nstiwuoe of sueA su~t
or durin~ the pendency ehereof deciare th~s ~~~rt~ai~ 8~~j ~hr ~ndcbudnces secured hereby Cue •nd o~Y~ble tortAw~th snd may at ~ts
~i= option proceed to forecloae this mor~dase.
~
Th~t lht MartN~a w~ll keep ail ~cat aod personai p:apcriy no~ e; hcrutu~ encumbered by the I~en ot this mort~a~t ~nsured as may
be required (ran time to time by ihe S1ortEigee ~~a~nst IJ55 by fue, w:nuo-tam and o.he: hszrrds, c~swlUes and cont~n~enues !or sueh
~ per~ods and ior not less thsn such amounia as may 5e reau~rec by ~he '•~nrt~a~ec end to psY Dromptly When due ~11 premiums fa sueA
~ ~naur~nee. Tht amounla o( miurance rcquued by ihc Slor~g~6ce sr•al1 b' ~~c m~n~mum amoun~s !er W~F~ch sud ~nsuranCe shall be ~rntttn
and it shall be incumbent upon she Mo:t6aser to me+n~a:r >u:h add~t~onai msurar.ce as may he nece~sary to mett and eomply fully ~rtth
•11 eo-~nsur~nce ~equ~remen[s conta~ned ~r. e~:d poiiciec ~n th! er~d th~~ tne s~:d Mor~d~sor not a co•~nsuror thereunder.lnsurance
shall be ~rntten Dy • canp~ny or comp~n~es •~proved or dcsigniltd !+S the Moriga~ee and .11 pohc~e~ and rene~~ts tAeteo( sh~ll be held
; by the Matp~ee. All deta~led des~sna~~ons by tAc !?tori~ago~ which are accepted by ~he !Nortaa~ee •nd all aireements between Mat~~~or
•nd Mort~~{te ~el~tma to msur~nct, now ex~sar,g or ^~--aiser T,aoc. sh~il ee +r. ~r~t~na ar+d sA~ll be a part of thts moct~i~e a~reement
~ as (ully as thousA sel fwth verb~um here~n and sh~i1 ~o.un bo:h past~es herctu'.n~i the~r successors ~nd ass~~ns. No liee upon any o(
s~id polities of ~nsurance or upon any :efund w re:urn premi~n which m~y be piY~ble on the cancell~tton or ttrm~estion theteof, shall
~ be ~iree to otAtr than the Mottiatte, eacept by propcr cndorsement aftued ?o sucA pul~cy aod •pproved by Mort~a~ea Each poGcy ot
~nsut~ntt shall A~ve e(fi~ed therc~o • Standard Ye~r Ya.k Mor:~astt Clsuse W~ihaut Contnbuuoo, makin~ all loss or losse~ under +uch
poliey payable to the Mot~La~ee as ~ts ~n~erest m~y appear. In thc erent any sum a sums of rtwney becant payable thereunder the ~fort-
~a{te shsll have tAe optian to rece~YC anE ~pply che ssne on accour,t ot !he mdebtedness hercby secured, or to perm~t the \NxtsaRor
to teee~vt and use ~t, or anY part thtreut, vr:th ~uc the:cby w~irm6 ut ~mpa~r~nE any equrty, I~en, or nsht unJcr and Av r~t~uc ot th~.
~ malp~e. In evenl of loss or phys~cal d~m~6c te ehr mo:'gsRcd proprrty the hlnrtdador shall EiYe ~mmede~te nouce thercuf by m~~1 1~.
g the Murt{~{ee ~nd ~hc Mor~Ragee ~ay mak~ nr~+.~i ,,i I•.~ ~h~ ~smr no! -r,dc prvraptly by ~h~ ~1ort~a`a. In event o( lure~l~~~ure o(
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