HomeMy WebLinkAbout0716 ~~{ZO~~~){~~l. 11.NA1~ ii~a1 +I t}~~ \I.~~~~.:g:•t ~i:.~:i +at.;,~ ~h~ '.k~tlg.+gr~ (h~ ~n~1tblCt(n~~~ r~~Jrnc~d by a
•«rl:?~n pt~~~n~,•~a~ n~~t~ __~•1 wh~.h thr I:,Ik,~~~:n! :n r,i. anJ I~gute. „ ~ IIUC .~~py l~~-wil
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= For~N~t Pi ~ e, ~;d, Au~ust 17 , ~9. 74 , _
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fiOR VALUE RECEIVED a d ra 1 pto~ai.e a psp
~o ~ or DRS . STEME N D F:MP OYEES FEN
' the p rincipal wa~ o~ THOUSAND F VE H 8n no l,.AltS, to~etMr with intenat
thctcon twa~ date ~t the nte of tcw peteent. pet an~u~ unW ~natw+q. botk prieeip~l ~nd interat bci~ Wyabk in law[ul ma~ey o~ ~
~ ~he U~;cea 5c.~a 22s4 BNeaype Bwd.. Mi~~ni. Florid~, or ~t weh other pt~ee a~ the holders haeo( aup da+~aate ia ~r~ilina.
Priacipal ana iatereN pay~6{e i~ iMt~q~eats a~ idloas: ~
FORTY-FIVE ($45.J0) DOLI~ARS per oaonth beginning on the 15th day of i
October, 1974, and continuing on the 15th day of each and every month ;
thereafter until paid in full. ~ '
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This note may be prep~id in ~hole o~ in p~ct a[ter one yeu from the date hereof epon payment o! a penatty equivalent ;
~o f~ve pe~cent af the prmeip~l swn
p
paid. . .
f.ach inrtallment payment ~hall be credited ('nst an the is~tetest due, and tbe remainder on p~incipil: aad iete~t ~hall tbeee-
upon eease upun the principal so endited. ~
The makees and ~ndone~s oi this note fucther a~ee to r+uve demand. notiee oi noe- yment and pwtest. and in th~ e~rent wit _
~I~sll be brou~ht for the cdkctan hereot, Or lllt Mfllt hit l0 bt lOllttttd Yp011 dCQ1Md ~an attotney, to pqr rea~oeabk attoraep i
ter> tor m~kin6 weh edleetion." _
Delened parments heteunder ~hall beat intetrat at the nte of tee percent per annun~ fro~ maturiq until ~aid.
~ Tha note M acu~ed b~r ~~e ot enen d~~e hereMrith and 'a to be con~trued and enfa~ecd ~eeo~duy~ to the laws ot the
~tate of Flexida• upon delwk ie the~a~?aiest of prineipal aadlo~ intecat vhen due. the v?!wk ium oi pnnc~Pd inte~t
~rnyiein~ unpaid dwtl. at the optio~ o[ the ialdees, beco~ne iawaediatdp dye papabk.
~ ~ e~~
s~ , ~S~a
ar~J shall perf~xm, comply Nith and ab~de b)' tach and e.•er~~ th~ st6pulau~~n~, agreements, conditions and cove-
nants of tiaid prumissory nutc and ~~f th?s detJ, thr.n th~s deed and tfie estate thereby created shall cease and be
null and void.
1. The hlortgagor herebv cuvenants and agrces:
(a) To psY all and s~n6utar the ~~r.upal and :r.:ere~r ar.d :.:Ar. sum. ot mvnrti payabfc ty v,nue o! sa~d prom~ssoty note ar.d thts
i deed. a uther. promptly on the daY~ rc.pccr.•ci~ tRr .a:*.r .~•rre!!y hccom:. duc. .
I
4 (b) To perm+t. c~xarn~t or sutfer n~~ ~as!c a~J ene+n:a:n tne ~T:pr~••rmcnts at ai; c~mes ~n a sta~e o( E~ repa~r and cond~UOn, and to
f de a perm~l [o be d~+ne to .a~d ~xce:~..c~ nuth~ng c'at y:fi al:et .A~ng: th~ ~sc and .haracte~ ot said propetty or m any ~vaY ~mpau a
reaken tAe se.ar~ty of th~s mortga~te. \nd in .a~c c~ thc rcfuc~i. negicct or ~nai+~!:[y uf ~~e Alort6agur u. repau :ed ma~nta~n s~id ptoper-
ry, the 3k~rt~aRce may, at h~s opt::n. ~ate w~h :~pa~~. .au.c :hc ~emr tu cc rnaCt, and advance moneys ~n that behalt. a
(c) To paY all and ~~naular the t~ic.. ~~.c.+~rnu, !e1 :~i^~iu:es, and ubl~gat~ens of tti~ery natu:e on sa~d drsenhed properey tach t
and every shen dut ana payable ac.or~~ng tn lew, '^c`~~re thcy bcr x^c .'.c:~r.qutnt. ar.d to dcl~~'er to the MortgaEte on or befo~e ~!3rth {
ISth of eath year u¦ te~eept~ csidca.in~ thc pdti~rn: ~,t a;f !.,~tu:,v im,~ced taaes fur :ht ,rc:ed~nR calendar year, to ~ndemm(y tht ;
~ fltortpsee upen h~s demand f~K ati taat~, a~~es~mcntc ar.c .fer¢c~ sha~ ma: bc asscs~ed upon th~s mort6aRc on thc ~ndebtedness n•-
cured hereby, an.i pa~d ny m~xtEa~.r-, v.:tn.,;,~ ~eg~:d :n s^c iaM he~etof.xe enacted ~K Aereaftr ?o be enacted ~mpos~n~ ~ayment o:
thc rhole oa any.^art Ihctcuf upur. thc \l~~r:R~Ft= •
ldl To pay all and ~~nRular thr ~o.:., ~ha:gr. .,r.~ .^l(4..^•~[~, :OC:Uijln~ ~31~;cr>' fcc~ ar~+ abstract costs rtasonaMy ~ncurted ot paid at
any t~me by the ~to:tEaKer he...~.e .~S thr ia:larc ~:n e.`.e ui !hr \1~reRag~,: to C~'`urm. cc~pty r.~:h artd ab~de by eacR and every tAe ~
supul~uons. a6teee~ent., cund~ncn. e.^.o :o.c ;~n:ti .e:d pr.::i~~•~,c~. ~,•ee and th~. dced. cx euher. anJ every sach paymen~ shal: hear ~
~ntercst trom date at the rate ter. ~ 1~+-' c+ :en:,~-~ r.cr ar,nu* . ~
(e) It is turthu eo~ena. and s~recd by sa~d part~es tha~ :n [he event ot a suit be~ns ~naututed to (oteelose t6is aseri~a~e. the Mat-
p~ee shall be entitkd to apply st any time pendin~ sec6 foreclosure suit to the couri harin{ j~uisdiehon thereot fa the ~ppo~aueeat ~
o( t receiver ot ~11 and ~~ntular the mcxt6ated property, and o! sll rcnts, ~ncomes, protits. issuea and rereaues theteof, tto~ ~hauoerer
sauee deti~ed: aod thereupon ~t ~s heceby eapressly co.enu~:ed aad ~~reed th~t tbe Court sh~il fortAviith ~ypoiat sach reeeivet with
tAe ~swl po~et~ snd duties of receircrs in lite cssea: and ~ud appoincment shall be made bp the eourt as ~ satter of strie~ ri~Ut to i
tbe Mortp~et, and ~+rithoul reterence to the adequ~cy or ~nadequacy o[ the ~alue of the properiy Aerebr ~wrtp~ed. or to tbe solreoey i
ar insolveaelr of the lk~ttatas or any othcr par~y defendant to sucA suit. The Mat~~so~ hereby apecificallr raives d~t ris6t to object
tp tht ~ppoiptment o( a teteiret as aforesa+d and hereby :soressly consents that such appomtoent shall bt aude ~s ~n sdwitud equur
and ~s a s~tter ot absolute ri~1?t to the lNorts~`ec and that the saa!e may pe dane vnthout notics to tAe L~a+tsssor.
If toreclosutt proceedia=a should be institated a~ai~st the property covered by thia eariq~e upon any other lieo or claim ~rAether
~lle~ed to be superior a junior ~o the lien of th~s mwt~a~e, the V.ort~a~ec maY ac his opiion immed~~tely uPon ~~stitutioa o( such suit
~ ar dwins ehe pendencr ebereof dectare th.~s nwre6~Ee •nd ~!?e indebtcdness secured herebr due ~nd p~y~ble tath.ith and may at its
option ptoceed to fwtctose tb~s mortsase. ac
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Th~t the MortN~at ~ill teep all real and persoa~t property aov or hereaftct encwobered by t4e lien ot tais wort~sie ~nsu~ed ~s ieay
be required (rom time to time by the Mortta6ee a~ainst loss by f~re, w~~nds~am snd other haz~rds, caswltoes and coetia~encies tor such ~
penods sod tot not Iess thaa such arnoun:s as maY se reQuued by the Mort~siee and to psy prosptly ,rheo due ~11 preowa?s ta sYC~ w
insuneee. The uwunts o( ioswaace rcqurted by tAe Mortsa6ee sha11 be the mm~mum emoun+s tor rL~ch s~i.t iaswance shall be wntten w
aed it sAal) be ~ncuwAtnt upon thc Mort~asex to ma~ntaio such a~du~onsl ~nsurance as en:Y be necess~ry to aett and comply f~llr r~th ~
~11 eo-insYrawce requirewents comained ~n sa~d policus to ihe en6 ~at the s~~d Mlort~~6o~ is nos a co-ieswor tnereunder.lnsuriace ~
aQsll be rrrittea by a cosP~nr a comPs~us approYed or des~g..ated by the 1Aort~a~ee and ~11 pol~c~es and reae~~ls Wereo( shall bt Aeld ~
bY U~e 1Aat~a~te. All detailed des~ina~~ans sy the l~Rwti~`or r-h~ch are accept~d by the Mottp~ee and sll a~tte~ents bei~eea Mottp~or
and Mort{Kee rel~hns to ins-rance. no+r ex~sun~ o~ i~ere~tter m~dc, ehall be in ~r~hn~ •nd sMll be a part M ebis ~ortp~t astet~eat
t~nr aa tliouih set (att. rerbau~ here~n and shsil sorcrn both part~es hereto and theu successors ~ed sssi~ns. No liee upan ~ay of
aaid oolieies ot insur~nce a vsan any refund or rstura prem~usa .hich may be ~iY~blt on the e~ecell~tian o~ terw~n~tion tAereoi. sh~ll l..a
be <i~ta to other ~han tAe ~fort~~tee. eacept by p~oper endorsement sffiied to such poi~cy and ~pprored Oy MoNptet. Each policy of ~
iaawu~ee shall bave atfiaed ehere~o • Suudud Nev York More~a~ee Cl~use .~~hcut Conuibuuoa, mskin~ ~11 loss or losses w~der such
~olier paY~ble to the A{ot/p~ee as ~ts ~merest auY ~ppe~r. l~ lhe trtat ~Ar sum or swu o( awaey beco~e p~lrsbls ~herewider Ue ~twt-
p~ee sAsll hsve ~he option to rece~•e and apply the same on •ccow[ o( ehe wde~tedness herebr sec~ed, nr to penoit the N~xt~sE~r
to rteti~t and ~?se it, or any part thercof, w~~tAout :Aercoy +~ivia~ ar siepa~ru?~ any eaui~r, l~en, a ntht under snd by ~~ttue of thi.
wort~s{t. te erent of loas or phYs~csl dama~e to the matsased p~opetty t1~t ~fortp=or shall a~re ~mmed~~te not~ct Ihereuf by ma~l t..
tAe Mu~tpiee and ~Ac MrxtEasee saY ~ke ~M•f Io.~ ~f ~hr came ~s not made prvr.~pQy by the ~latassa. 1~ event nf Iure~lo.we o(
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