HomeMy WebLinkAbout2009 PRAVIDEn, ALWAYS, that if the \1ur~ga~or shall pay unta the \b~t`agee the ~ndebtedness eviJenced hy a
cerl~io ptan~.~o~y note r( wh~ch the followin~ ie wa~ds and figutes ~s a ltut copy to-w~t .
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~___~~~~5~~ Fort ~.~~.~-s F'IoriJa _ MS~I 19_~S__. ~
F~~K ~ L ~•p;~ l~~1 WE, _jointly and _severall_y_,_T_ P~o~,,,~ i„
t~~ th~• urdrr uf ~~B~~~A CLARK- - ~ -
tl?r p~im•ip~l ~QLT~ THOUSAND THRE~
HUNDRED TWENTY-FIVE anc~H q.~~tQ~i~~rlh~~ with inlrrr~~
+ thrre~~n frum J~te at tl~r rale uf trn percenl, Fx~ annwn until maturity, Iwth principal and inte~rst bring payable in (awful mum•~ uf
~hr l'tiitrd ~tatr~ at '_''~-l-l Fiiu•ayn~• Bhd., ~liami, Flo~ida, ur at such uther place as the hulder. hercof may derignate in wrilin~.
f'rincipal and intere.t payable in in>tallmen4• ar. (ollows:
ONE HUNDRED ($100.00) DOLLARS per month beginning on the lSth day
of July, 1975, and continuing on the 15th day of each and every
month thereafter until pai.d in full.
Th~s note mar be prepa~d in whole or io part after ane year f~om the date hereaf upon payment of a ponalty equivalent
tu ~•i~;ht p~v~•rnt uf lh~• ~~rin~•ipal aun ~~n•~?aid.
F.r~~h in~talhn~•nt pa~•inrnt ~6all l~r ~•rrdited fint un th~ intercst due, and the mmainder un principal; and intem•t ~hall tl~rn••
u~K~n ~•rav upun lhr prin~•ipal •u ~•r~ditrd.
Thr mak~n and rndorw•r. uf thi• nut~• (urthr~ a~rrr to waivr demand, notic~ o( non•F?aymrnt and protest, and in the eveul ~uit
~l~all !?r bruuKht for thr ~~ullrctiun hrreui. or the same ha~ to be collected'upon demand o( an attorney, to pay reasonable attorney'~
f~•~•> fu? maki?~~ such ~•ullrrtiun.
1)rfened pa~•ment~ hrrrundrr•hall bear intrrP:t at the ntr of ten perc~nt per annum [ram n~aturity until paid.
7'hi~ notr i~ ~ecuted bY a mortgaR~ of e~~en date h~rewith and is to be conshved and eotorced according to the laws of th~
~tatr of f~lorida; upon d~fault in th~ pa}~m~nt af principa) and/or interest when due, the whole sum of principal and int~rr~t
r.~maining unpaid •hall. at th~ option of th~ holder~, become immediately du ~ payaWe.
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Pr~p~r~d by ~p~cl~t t[ Ttndn~h. :\Ilnrney~ '2'2-30 Biccayne Wrd.. A1umi. lorida
ar~d ~hal! perform, comply with and abide by each and every the stipulations, agreements, conditions and cove-
nants of said ptomissoty nate and of this decd, then th~s deed and the estate thereby created shall cease and be ~
null and void. ' 3
1. The Mortgagor hereby covenants and agrees:
Ta ~y c~~au~u the pr~nc~pal and ~nterest and otAer sumc of money D~Y~bfe by vutue of sa~d prom~ssory note and th~s
deed, or e~ther, promptly on the days rospecuvely the same severally becomes due.
(b) To permu, caamu o~ sufter no waste a~d to rna~ntsm ~he ~mprovements at ail Umes in a state of sood repa~~ and cond~uao, and to
do or permu to be done to said prem~ses nothina that will alter ot cl?an;e the use and cA~racter o( said proper~Y a~n ~~Y W~Y ~~D~~~ «
reaken the secur~tY of th~s mortsa6e. And m case ot thc refusal, nesleci ot ~nabdlty of the Mortaasor to repsu ard maintain said proper-
ty, ~he Mor~saRte maY, at h~s op~~o~, makc such repa?rs or cauce the same to be made, and advance moneys in thst behalt.
~ (c) Tu pay ~11 and cm~ular the uaes, assessments, fe~•~es, l~ab~6ties, snd oblipUOns o( eve~y nawre on said described property each
~ and every ~rhen due and paY~ble accord~na to ~ar~, before they become delinquent, and to del~ver lo the Mort~a`ee on or betwe March
' ISth of esth year tu ~ete~pts evidencm6 Me paymen~ o( all la~rfully ~mposed tues (or the precedm6 taltndar year, to mdemm(y the
€ ~tt~iee upon h~s demand tor •11 taxes, a.sessments and char6es that may be assessed upon th~s mort6a`e on tAe ~ndebtcdness
i cured hereby, and paid by the mort~a~ee, +uho~s: re6ard to any IaW Aeretofae enacted or hereafter ~o be enscted ~mpos~na ~ayment o:
~ the whole or sny ~ar~ thereo( upon the ~1ortEa6te.
} (dl To pay alt and s~nsular the coctc, char6es and expenses, ieclud~n~ law~yers' tees and abstract costs teasmably incur~ed or pa~d at
g any ~~me hy the Afort6a6ee because ut the (ailure on the part ot the Nortpaor to perform, comply v~tA and abide by each and every the
~ st~pul~uons, a6reemtnts, cond~uons and covenants ot said pranissoty note and this deed. or erther; and every such'p~yment shali bear
~nterest (raa da~e at the rate of ten 1104) per centum pet annuin.
~ te) lt is ~YftAp CO~lAllllCd aOd ~~reed br ~aid parties tbst in the erent o( a suit beinj iostituted to (aeclose this awrtNte. the Ido~t-
q~es shall be estitkd to apply ~t snY D~~~pi ~~6 foreclosure suit to tbe court luvins juriadictiaa thereof for the ~ppoiatsent
~ of ~ receiver ot all u~d sin~ulu the w«t~a~sd propertr. aad o( ~11 rcats, iacoses. profiu. issnes and te~eaues thereof, froa wh~tsoerer
souree derired; and tbere~pon it is dereby espreaslr covenanted aad ~jreed tAat tbe Court slull (ertA~rith a~t?iat sach receiver ~ith
~ the usu~l po~rera aad duties of receivera in liipe cases: ~nd a~id ~opoietvent s6a11 be s~de br tbe court u~ wuer of strict ri~ht to
the 1/ort~a~ee, and rithout reference to the ~dequacy or inadequaer ot d~e v~lne of the propertr herebr sortp~ed, o~ to tAe solveacy
/o
~ a iosol~tecr of t6e Morttators ot ~ny otAer p~rq dekedant to sucb suit. TAe Mortp~or herebr specific~llr ~ai~es 1be ri~At to object
to the apooiotseat of ~ reeeiver u aforesaid ~ad Aereby eap[easly croseets th~t such appoiatment sh~ll be wade ~n ~dmitted eQuity
~ aed as a atter of ~bsolaee ~i~l?t w tbe Matp~ee aed tA~t tbe ss~c My be doae ritAout aotiee to the Mw~~~o~.
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; (f1 [t foteclo~ure proceediop should be instituted apiast the propertr covered br tbi~ eottp~e upon aer othet liee or cl~im whether
alle~ to be s~oerior or jania to the lien d N?is ~artaaK. tLe Mortp~ee awr ~t his oPtioa iar~edi~telr uoon iastit~tion ot such suit
~ a durias tbe peadeacY Wereof decl~re t6is mott~se and tAe iadeAtedae~s seured Aetebr d~e ~nd o~r~ble fatA~ith ~nd msY st its
- op~ion proceed to to~eclose tsis iaortsa~e.
(v Th~t tAe Mo~t~or ~ill teep ~II red ~nd personal prooertr oo~r a hereafter eocumbered br t6e lien ot Wis sorya~e insurea ~s may
~ be required (rae tise W ti~e by the Mortt~ee a~iast loss b7l fire. viadstae ~ad otder 6~sards. c~swtties ~eW coetin~cncies tor sucA
~ pe~~ods aed (ar aot lus lbae auch ~mo~els ai iu7 be requ~red by Ute Mortp{ee aad to ~sy ptoeptly ~bea dYe all preo~ues for iuth
~ iniuru~ce. 7'he ~~ounta d iaor~sce reqnired br tae Mortaute ab~ll be We ~iaimtro ~somts tor rSicA said ins~raace ahall be rriitee
~ aad it shdl be iacu~bent npan tbe Mort~~tor to s~iauin soch additiooaf iasw~ece ~s euy be aecessarY to ¦ee~ a~a ~o.ntr r~iiy .~~u+
; all co-iasunnce ceauire~eets coat~ined in s~id oolicies to the eod t6at ~he s~id Mort{a{or is not a co-insurot Were~der,tnsurance
- sAa11 be ~rittea by ~ cw~paplr a co~paaies a~proved or desiputed by the Martss~ee aad ~11 Policies and reoe~~ls wereot sAall be beld
~ pr the MatNiee. All detailed desi~aations by tie Mo~t~stor rhieb ue accepted br the Mott{atee ~od ~II asrce~eots bet~een Matp~or
` ~nd Mortaa~ee rd~t~n~ to insw~nce, nor e~cistin~ or 6e~edter made. sbill be in rritins ~nd sA~ll be ~ Pstt of t6ia sortp~e ureeeent ;
as f~lly as thou{h set fatA rerb~tis huein ~aA s6a11 ~orero bota arties hereto u~d tbtir snccessors ~ad usi~as. No lien uoon any of ~
a asid policies ot ir?suranee or ~ooa ~er refwnd a rewru ote~iu~ ~hieb s~r be p~rable on the c~ecell~tioa at ten~iaation thereof. shalt
~ be ~iren to otber tAao tbe Morttesee, excePt br proper endorsesent •ffiaed to sucA Polity ~nd ~Ppro~ed by Mottp{te. Each oolicy of ;
~ iasur~oce ab~ll b~re atG:ed thereco ~ Suadard Ne. Yat Morip~ee Clawe ritAout Cootributiaa, ewkinj ~11 loss or losses under SYCII
~ oo~~~r vr•eie ~o we wori~.see iu ia~ereat sar ~~eu. la tbe e~en ~ s~ ot sw~s of ~oatlr becoet ar~ble the~eunder the ~ton.
~ p~ee sA~ll A~ve tbe option to receive aod •polr ~be sa~e oa aceant of ~6e iadeAtedness berebr securod. or to perm~t the \1~xt~sEor
x to recei~e and we it. a aar part Wereot, riWout Werebr ~~iria~ or iepai~~n~ ~ay eqritr. lien. or n~ht under ~nd by vutuc ot th~.
~ ~t~a~e. !n event of Iws a phrsic~! d~sa~e to the wal~a~e0 Otopettr tbt Mortpia sb~U ti~e ~~sed~att notice thereof by ma~l tn
~ the Mart{a~ee ard the Mortpste issy ~nake proof of loss ~t the ssee is no~ m~de pranptly by the 7Natq~or. In erent nf (ae~lo.ure o( ~
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