HomeMy WebLinkAbout0631 PRQVIDEn, ALWAYS, tha~ if the blort~a~or sh~ll pay unto the !1~ott`s~ee the ~ndebtedntss ev~Jenctd hy s
ce~ta~n promi~sory note of which the followin~ in words and [i~ures is a ttue copy to-wi1: ~
5 275.00 °
s ~ Fort PieYcT FIo~iJa July 17, ~q75 _
MOK Y:~LUF: KEf.FI~'FU I ~ promiae tu pa~~
t~ th~ urdrr o( MOE EAGI.E aZt~ ELSIE EAGLE iS Wife
the principal ~um o( FIVE THOUSAND TWO HUNDRED SEVENTY-FIVE atld , togeth~~ with inte~e•~
thereun from dale at the rat~ of te~ pen~ent, per anaum unlil maturity, buth principal and interest bring psyable in law~ulmon~•y uf
the l)nited ~tates at fii.:rayn~ 131vd., 111iami, •Florida, or at such othe~ place as the holders hereof may deaignale in writi~g.
N~incipal and intercgt payable in inslallmentx as followc:
EIGHTY-FIVE ($85.00) DOLLAItS per month, for thirty-five {35) co~-
secutive months, on the 15th day of each and every month, beginning
on the lSth day of September, 1975, and continuing until the 15th
day of August, 1978, at which time the baZance shall become due
and payable.
This note may be prepaid in whole or in part aftet one year from the date hercof upon payment o[ a penalty equivalent
to riRlit perc~•nt of the principal ~~un pr~paid. ,
Eacl~ installmrnt paymeot J~al) be crcdited fin~t on the interest due, and the remainder on principal; and inlerc•t r.hall thcrr-
upon ~easr upun th~ pnncipal w crrdited. ~ .
'Ihe make~ and rndorsrn of this not~ further agree 1o waive demand, notice of non-payment and prot~st, and in Ihc event ~:uil
~I~~II be brought for tl~e collection herco(, or the same hss to be collected upon demand of an attorney, to pay reasonable attomey'.
irr~ fur making ~:unc ~ollection.
l)~i~rrcd payment~ hemund~r .hall bear interest at the nte of ten percent per annum In~m maturity untit paid.
~ 7'his note_ i.a ~ccurcd by a morl~Re~o( even date herewith and is to be conatrued and enforced according to the laws of the
~ ~ta~~ of Florida: upon default in the payment of principal andlor i~terest when due, the whole su p' ipal and intereat
~ ~ rcmaining unpaid shall, at the option o! the holdets. become imme 'a ly due an payable.
~ (SEAL)
" (SEAL)
Prepar~d by ~pieler d Tendrich, Altorneys - 2240 Biscayne Blyd., Miami, Flarida
auJ ~hall perform, comply with and abide by each and every the stipulations, agreements. conditions and cove-
nants of said promissory nute and of this deed. then this deed and the estate thereby crested shall cease a~d be
null and void.
1. The Mortgaaor hereby covenants and agrees: ~
(a) To pay all and s~n6ular the a~~~~wi and interes~ and othcr sums of eweey payable by rirwe ot said promissory note and th~s ~
deed, or eitber, promptly on tAe days resptcurely the ssme severally becomes due.
(b) To petm~~, caam~t a su(fet no ~raste a~d to mamum iAe improvements at ail t~ses in a state of ~ood repau and cond~~~on, and to i
do or petm~t lo be done to said prem~ses aothin~ that ~r~ll alter or c6anse We use and chuactet of said property ar in sny ~ray iApair a
~reaten tlie security of this mort~sse. And in csse of the refusai, ne~lecl or inab~lity d the Mortss~or to rspair ar.d mainta~n s~id proper-- ~
ly, tAe Mort~a~ee may, at his ophon, make such tepa~rs or cause tAe saa~e to be aude. ud adrance moa~ys in that beh~lf.
(c) To pay all and a~n~ulu the taaes, sssessmeata, lev~es, I~abilities, and obliptions ot every natute on ss~d desctibed prope~ty tsch t
and every ~hen due and payable accord~n~ to Isr, be(ore they become delinQuent, and to del~ver to the ?lorl~a~ee on or befae MarcA
IS~h 'o( each year taa receipts ev~deecma the payment o( all larfully ~mposed ta:es tor the prccedias esleadar yesr; ~o mdemmfy the ~
. Alart~a~te upon his deaand fa all taaes, axsesaments snd chartes that may be assesscd upon this mort~ase on tl~e indebtedness
cured hereby, and ~+aid by the morteasee, a~thoW re~ard to any lav heretofae eaacted ot herealter io bt enacted iispos~n~ ~ayment oi
tht vrhole or any :~art thereot upon tAe Mwtss~ee.
(d) To pay all and ~in~ulsr the cost~, char~es and eapenses, includ~a~ laryers' fees and abstract costs reasonably iocurred nr pa~d at
any t~me hy the Mort6ssee becauce o( the (a~lure on ~he parl of the Morl~ator lo perfam. eomply ~r~th and ab~de by each and every the
st~pulat~ons, a`reements, cond~tions and corenants ot sa~d proaissory nott and this deed. ar tither, and evety such~psymem shall bear
~ntcrest tran date at ~he ra~e ot ten~10'G) per crntnm per annum. -
(el It ii tartba co~eouted aod ~sreed br said Parties ~6at ie tAe e~eet o( ~ snit beiu~ instiwted to forcclo~e Wis ~oryaae, t6e Mat.
pice shall be eatitkd to aoplr •t ae~r ti~e peodins sucl taecloaure anit to tke caut ba~iq j~risdictiae thereof !a Ihe ~Ppointwent
of ~ recei~er oI ~11 aud ~ia~ulu t6e sortss~ed prooerty. sad of ~II rests. ieeuses. Or~ts. iasnea aud re~em~ea d~ereof. fro~ wlutsoe•cr
sauce deri~ed: aud tbereryon it is herebr ea~reaalr coveaaatal aad ~ireed Wat Me Cowt slwll fath~itl aopoiai seeh reeei~er ~i~h
~be nswl ~ers aod d~tia of receiren in lile euei; ~nd said ~pointsant iha11 be yde br t6e cart u a ytter ot strict ri~ht ~o '
II tbe Yatpsee, asd ~ithoe~ rofereaee to tbe ~deqwer or iaadeqracr d t6e ~alne ot the oroperty 6erebr ~o~tp~ed. ar to ~be iol~eeey '
or insolvqcy ot tbe Monpsors or ~ar ot6a prtr defcedaat to ioc! ~ri1. 76s Mortpsar 4ereby soseifie~llr ~~irei tbe ri~bt to object `
to t6e •~oint~cnt d~ reuivu u daesai8 ~nd Aerebr espreuhr eoesenti tYat sre6 ~~oint~est a6at1 be Mde as ~n ad~itted eq~eity
~ed ~s a ~tter ot absol~te ri~t w tbe 1lortp~ee aad cAat tee ~a*e Mr be duae ~itsp~t eot~ee to tbe lbrtjasor.
(f) If faeclo~are ~ocs~dis{s a6ould be inatituted ~~ie~t t6e ~oosrtr eovered bp this ~ort~a~s ~oow anr Wher liee or cbi~ nhetber
•Ile~ed w be snperio~ or jw~~or to We liee ot tAia ~oryate. ~e ~«u,~ss ..r e„ oo~~ow ;...a;,ce~y u~e,e iastitutiao ot srch srit
or daria~ t6e pendesey ~Yueo/ deelsre thii sartpse ~ad tAe indebtedeeis sec~red 6erebp doe aee o.r.ste to«u.ia~ .na .,r its ~
optim ~occed to foreclwe t~is aortja~e,
TAat tAe Mat~or riU teep all real ssd oeraoaal prooertr wr or bae~fter eaewbereA br t~s liea ot tMis ~ayase iasured u s~r
be required ho~ ti~e to tl~e bp tse Mort~asee yauut losa bp fire. ~riadstan aod other 6asuds. e~iwltiss and coatia~encies fa s~cA
periads and (ar sot leu tia~ iuc6 a~sta u~r M reanued br t6e Mort~ee ted to Par P~oytly ~Aea dYe NI ore~~u~s fa iuch
insunnee. '!La awow~u of iarrnece reqwred A~r tde Ilo~yee sYall be Ws isieiw~ a~o~ta ta .bic6 s~id 'uur~sea sball be irrittea
and it sb~ll be ieersbeet roou tbe Mort~uoi to aiataiu sneA sdditiwal ies~r.see u..r ee e~ce.s.rr ~o wesi ..a co.oir t~ur .~~e ;
all co-iearr~nce reqni~e~eata ea?t~ised ia said oolicisa to tie eod tAat tbe aaid Mortaa~ar ii na ~ eo-iaanra tUerernder.lnior~nce
sAsll be nritta~ br ~ ca.o..r «~o.~.o~e. ,~ersa « aes~~eaeae `r ~e ~~as•• ana au oo~~e~es .ar n.e..~s wsreot .eau bs ~eta i_
b1~ t!e Mortiaiee. All dehile8 deai{e~tioe?i br tYe Yert~a{or vAioA ~te aeetped bp tYs Morqaaee au8 all
~rsMSats bet~rssn lilorya~a ~
~od Mortp~se rel~tin~ to ia~~r~eee. so~ eaiatini ar Ysrs~fta w~dt. aMtll be in .ritiss aM iYall be s Put of t~ia ~ort~K yree~cat
~s frlly ~s tYoiyA set fcrtA ~crb~ti* herein ~d ~ball ~overs botl~ Mrtiss hersto sad tYeir arccesson pd usisas. No liee ~nr of
~~Id oolieisi o( i~suraacs ar u~as u~f refned or retma orc~i.. .Yid ..r bs o.r•ble aa d~e eaeesll.lio• or ~er.ie.tiow ebereof. sAall
be ~i~e~ to otAcr tA~n ~e yoryasce. e~eePt bp oraoer eedorse~snt ~((iscA to src6 potiey aod ~~oved !p ~lortaa~ee. EaeA oolicy ot
inarr~set ahall Aare s(fisea tbeteto ~ Stasdard Ns~ York Morya~te Clawt vitbort Coetriiwtia~. wkis~ al) Ioss or losses ~wder sYCh
ooiier p~y~ble to ~6e Mortpaee ~s iu iate~cri ~ar a~so. b ILe e~Mt t~ a~ ot sw~s of ~er beta~e Nysslt tAeteunder 1At Nott- .
{a~ee sA~ll ~art tl~e aOlian to rcceire ~sd aOply tbe ia~e oq accawt o( 16e i~dsbtcdess~ ~ereby secwed. at to Otr*it the Ma1~sRor
to reeeivt aa0 we it, or asr ~rt d~creof, ~iWoot tMerebp ~~i~is~ a iw~uie~ ..r eyY~~r. lita. or ri~ht weder ~nd br ~irtYe of ih~+
wort~e. IA CYtll[ O~ IM! Of p6rsical da~a~e to the ~ott~a{ed otooertr 1be Mort~a~or sAall ~i~e iwsedi~te aotice t6ereof br ma~l a,
the Mortp~ee and ihe Mort~~~ee ~y aWke proof of loss if the s~me is na awde pra~ptly py ~he fNortis~or. In evcnt .d fac~lo.we oi ~
, ' ~ ~ BOOK 242 PACE 6e~0
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