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Home My WebLink About2251 1 ~ 1~ F~'~ } . ~ PROVID~11, IILWAYS, that if the ~1ort~~~ot shatl pay unto the Mottsa~ee the indebtednes: tviJtncrd hy a~ cer~a~n p~omi~:wry note ~f which the follow~in~ ia_words a~d ti~utes is ~ true copy to-wit~ ~4~~ S 4,450.00 F.~rt Pi4rce. Mbrida ALQLat 9~ 19_J.~~ ~ s~ F(1R VAI.I!E itF:CF.IVh:I~ -_~IE,~QiILt.l~ ~and cPv~A1L~ promise tu pa}~~ ,i tu the u~drr o( ~~~iT~Y~~LK~~S~_ - - • ~ th~ p~inripa) sum u( EQ]i$ THn 1$AND F[1j HinaDRFn FTFTY an{~p,p~],QD IN)I.LARS, together with inteK•l f tl?rrcun (ru~n date at the nt~ uf 1en pen:ent, per an~um unlil maturity, both principal and intetcst being payadle in lawful monr~~ uf ~hr linitrd ~tate~ at '~'.3~1 Ri..cayne f3hd., \liami, Flo~ida, o~ at r.uch othe~ place as the hulden+ hereof may designate in writing. ~ 1'rincipal and intercst payable in installments as (ollowx: . i ~ ONE HUNDRED ($100.00) DOLLARS per month beginning on the 15th day of October, 1975, and continuing on the 15th day of each and every month thereafter until paid in full. _ This note may be prepaid in vvhole or in part after one year from the date hereof upon payment of a penalty equivalent tu ri~lit prn•rnt of tl~c prin~•ipal sum prepaid. : E~ch installmrnt payment rl~all t,e ~redited fi~t o~ the interest due, and the remaioder on principal; and inte~rxt shall thrn•- u~wn ~easr upun the principal w crrdited. The maken and rndune~ a( th~~ notr (u~ther agrre ta waive demand, notice of num~ayment and protcst, and in the event ~uit ~I~all tK bn~ught [or tl~e ~~Ilrction hereo[. or the same hss to be collected upon demand o( an attorney, to pay reasonable attomey'• frr. fur making ~uch collection. ' . . t)~f~rred paymen~~ heKUnder chall bear interc~t at the nte of ten percent per annum (rom maturity until paid_ 7'his ~ot~ ia ~ecurcd by a mortgage uf even date herewith and ia to be construed and enforced according to the laws of ihe ~tat~ of Florida; upon default in the payment oI principal and/or interest when due, the whole sum of principal and interest rwmaining unpaid shall, at the option of the holdet~s, becomt immediately d and payablt. S IitJ2-l~~ty-~_ (SEAL) , / , ~ . ~ S a~~7t_-~~_~ L/l/~~ ~c~t.~,aL) Prrparrd by ~pieler X Tendnch. A1t~xneya - 2240 Biscay~t Btrd.. 1?tiam~, lari a ~ ~ , ~r~J ~hall perf~xm, c~xnply with and abide by each and every the stipulations; agreements, conditions and cove- nanes of ~+aid promissoty note and_of this deed. then this deed and the estate thereby created shall cease and be : ; null and void. ' 1. The Mortga~or hereby covenants and aarees: (a) To p~Y sll snd s~n~ulu the pr~~~~D~~ sua ~ntcrest and oU?et sums of moneY WY~ble by virtue o! said'promissory note and th~s deed. or eit6er. pro~ptly on tAe dsYs respec~ivelY ~ same sererslly becowes dYe. (b) To pe~mu, cosie~t or sutfer eo vrsste a~d to iesmt~in the improrea~eata ~t •Il times ia a state ot ~ood repair sed condit~oa. and to I do or perm~t to be done to said pecs~ses aoth~n~ thst ~rill alter or elun~e the use aad ch~racter oi said property or in anr ~ay ~mpa~~ a ~ I resten the securitr of tAis oorlN~e. And ia cast of the refwal, ae{lect ot iaability d tAe Mott~ssor to tep~ir ar.d maintain said proper• ~ ; ty, ~he Ulor~psee aar. at Aia opuea, oske suc6 repsirs or cause tYe saee to be aade. and adr~xe soseys ia tbat beh~lf. ~ I . ~ (c) To pslr all snd ~inW~sr tl+e u=es, sssesssents, leviea, liabilities. aad obli~anoas of erery natwe oa ssid described property esch . 'f and everr ~ben due aad payable sccord~uj to ls~r, betae they become dcliaqueat, ~ed to delircr to t~e Mortaatee on or before ?larch t 4 ISth of e~tb year taa receiptx ev~denc~as the paysent of all larfullr ~mposed t~xes tot tht precedioa ealtndu.year; to indemmfy lde j Mort~~~ee upon his desud ta all taxes, aases~~ents •nd cbsr~es tAat wy.Ds assesud upon tAis ~oortsaje ou tAe indebtsdness ~ ~ cured hereby, •nd paid by the ~at~a~ce. Fithoul rt~ard to any la~r Meretdore enactcd a heredter io be enacted i~eposie{ ~y~sent of ~ the ~6ole o~ any ~arl tAaeof ~pon the Martsasea ~ : ~ [d) To pay all aed sinsula~ tbe costs, char~es and expenses, includin~ larrets' [ees aed absusct costs reasonablr iacnned e~r ps~d a~ ' any ume by the Mortsasee becsuse of ~he (aHure on ~Ac part of the Mor~N~or to perforw. casply +ith sad abide br tacA and every the ~ a~ipul~t~ons. a~rtements, coaditions snd tovenants o( said ptooiasay nou and tA~s deed. or either. aod every aueh~p~yn~ent sh~l) bear f ~nte~est (to~ dste sl tht rate ot teo ll07~) per ceatuw per ana~m. = t le) It is fartAer corenaated u~d s/reed by said parties ~at ia t6e event o( a iuit trcin~ iaatiwtcd to tareclose this a?ottNie. the A1«~- ~ p~ee shsl! be eeti~kd w apptr st aeY ~ise pendint sucb forecloaure suit to t6e court lu~ie~ j~risdictian lhereof fa tAe ~ppoiat~cnt ~ of s receiver ot all snd siasular tlie sortp~ed p~openy, and of all reets. iscomea. Ocofits, issuts aed re~enoes thereof, froa whatsoever .ource de~ived: md thereupon it is hsreby eapresshr covee~ated aad s~teed t6at tLe Caut sYatl tot~kritb apoiot suc6 receiver ~~eA ~ the usu~l powers and dut~es o( receivers in Iike csses; snd said appoint~ent sh~ll be o~de by tfie court as ~ ntatter of strict ri{ht to ~hc Mo~~~s~se, aad ~itAout re(e~ence ~o tAc adequ~cy or inadequacy of t1~e ~alue of the property hereby ieo~t~a~ed, a io the solvency ~ or ~nsolrency of tbe Mo~tp~ora qt_~ny otAer party de(endant to such suit. The Mottp~a heteDy s0etititally ~aires the r~~6t to ob)ect ~ to the appoinunent of a reteiver aF sforesaid aad hereby eapressly canacnts that sach appointsent sAall be ~ade ~s an admitted equity and as s~tte~ o( abwlate riyu w the Matp~ee aad that the aaie s~y be doae v?itfiout notiee to tbe AbrW~or. ~ (f) It toreclos~re proceedia~s should be ins~ituted s~~iest the property corered by this wortp~e upoe aar other lien ot claiia vhetAer ~ alte~ed to be supereor or junior to the liee ot this eartsa~e, the ibrtta~ee aiay at A~s option iemedi~tely upon ~nstituuan of such su~~ ar dm~os the pendeee~ tllereot deelare tbis eeo~t~sje and the iadebtedaeas aecured baeby dae and payable tartb~rith and acay at ~is ~ opt~on proceed ~o foacloae this oortta~e. ~ (V Th~t the Mortp~a rrill keep sll rest and personal propcr?y noo a he~e~[ter eacumbered by tbe t~en o! Wis ~ortsase uaured as maY : u be required frow tise to lise by the I~iott~~~te apinsl loss by tire, r~ndstorm and otAer hazuds, c~swlues ~nd conta~enc~es tw such ~ per~ods and io~ not Itss tbsa such aeann~s as ~r be reQuued by the ~~a.see ,oa ~o p,r ~o.~~r wlun d~e alf preanwns tor such ; ~nsursnce. The aaaunts of ins~r~ace reqnired b~ We Mort~uee assll be t6e esiniwu~ awounts (or vA~cb said ~asYtsnce shall be ~r~tten and ~t shsll Se iucwebent upon the Mottsasot to o~iatain auc6 ~dditionsl iasursace ~s wY bt aecesssrp to meet ~nd comply (~l{r ~~th • ~ s1I co-~asrrance requireaeats con~ained in said policies to tAe eod that the s~id Mat~a~ot is not a co-insurot tAereunder.lnsurance shsll be ~tiuen bY ~ coyi~r a co~~n~ta sOptoved ot des~seated by the Mact~stee and sll OoGcies ~ad reae~~ls taereof sA~U be Aeld f ~ by ~he Mat~a~ee. All deaited desi~eu~ions br t4e 11on~a~or rh~ch ue acccpted by ~Le 61onp~ce aad all ~rea~ents betreea Mortusor ~ and Mortsasee rcl~tin~ to iusYr~nce, nov c:isun~ o~ bere~(ter eude. ah~ll be in ~rritia~ ~nd sA~ll be a patt of tAis wa~p~e aatteaeat j as (ully ~s thouaA se1 (atb ~erb~tim Ae~ein asd sAall {orera bolh Parties 4ereto aad tAe~r soccessors ~sd ~asi{ns. No lien Y~oa ~uy ot t - said policies ot insurance a u~ sar re(uod or retrrn prcmiuw whie6 wr be p~~c~ble on tAe ea~eellatia? a ter~isatio~ tLireof. sh~ll ~ be ~~ven to aher ~han the Mortpiee, eacept br pooer cndwserent affiaed to suck pot~cy aad ~p~ored by Matq{ee. E~ch policy nf maur~nce sh~lt harc a(C~xed tAereto ~ St~ndsrd Ne~ Yak ~fatptee Cl~use ~r~Wout Conuib~uon. wakins ~tl loss ar losses ~nder sucb policY parable ~o tre botip~et as ~ts ~eteres~ ~ur ~poeu. In tbe ert~t aap sum ot auws of e~oaer becaae Par~ble thereunder tAe ~fwt- ~asee shall Aa~e the option Io r~ce~ve aud aPplr tAe sase on sccant ot the iedebtedness Aerebr secured. a to pere~t the \kxt~aRm to rtce~vt and we a~nr part thcreot, witAout tAetebr raiv~a~ a ~~p~~nn~ any equur. I~tn. o~ n~ht w~det and br vutue o( U~i. n+a~qte. In event of losa ot physical dama~e to the motlyt~/~p~~~; ~e l~Aorl~s~or s6~11 ~ire ~a~td~ate aot~ce littreo( by ir.ail t~~ ~he Ma~~~~ee arwf ihe Mar~Ea~ee n+sy matc ~o.,t o( toa; ~hei~in~ no~ madt ptumptly by the flor~asot. la evcm .d tcre~l~~•we of . . ~ . . ~o~ 242 P~2252 -F.~. ti~~ ~ ~ - ~ ; ~ ~ } _ _ . ~ ' ~ _