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Home My WebLink About1086 PROYlDEn, ALWIIYS, th~~ iI the Matsa~or sAali pay unto tfie 1Aorts~see the indebtedness evidenced by a ~e~e.;~ aon,~r,«y no~e which the followin~ in wocds ~nd fituues is ~ Uut copy to-wit: t 8~375.OU Fort Pier~~, FM~~~~ Octo~:r 25, 75 Fo ' ' a1 ~ ~ . j to the wdrr of Qe~1~ _._Q ~x~ --t the principal sum of EIGHT TH ~ togethcr wifh intere~t thereun from date ~t the rate u( ten prnent, pe~ a~num until maturity, both principal and int~rcst being payable i~ law[ul monry u( th~ tlnited States at 224t Bi.~caynr Blvd., ~liami, Flonda, or at nuch othe~ place as the holders hereo( may de~ignate in writinK. Principal at~d interett payaWe in installments as followa: _ ONE HUNDRED EIGHTY-FIVE ($185.00) DOLLARS per monCh beginning on ~ the 15th day of December;~ 1975, and continuing o~ the 15th day ~ o£ each and every month theresfter until paid in full. . This note may be prapaid in whole or in pa~t a~ter one year ftom tho datz hereof upon payment of a penaity equivalent to ri~l~t percrnt oi the principal s~un prFpaid. ~ - E~ch insstallment paymenl :hall be credited fir~t un the intcreat due, and the remainder on principal; and inttresst shall thrcr- upon ~essr upu~ the principai ~u ~~dited. The makers aad radwse~ o( thu nute (urther agree to waive demand, notice of non-payme~t and protest, and in the event s~uit ~iialt Ix brought for the colkction hereo(, or the same has to be eollectcd upon demand o[ an attorney~ to pay reasonable attorney's frr~ fur making wch collection. Ueferred paymen4~ herrund~r 4hat1 bear intercst at ihe rste ot ten percent per annum from maturity until paid. ~ ! 7'his note iR r~ecured 6y a moctgage o[ even date herewith_and is to be construed and enforced accordin6 to the iaws of !he , ' ~tat~ of Florida; upnn dc(ault in the payment of principal aadlo~ intetest when due, the whde aum of pt~ncipa! and intereat ~ rrmaining unpaid shall, at the option o( the holdetYS, become immedia/ety and payable. ~ ~ ~ (S~AL) 4 ~ 5EAL) ~ Pr~par~d by ~peter & Tendrieh, Atloroey~ - Y'Li0 Ri~eayne Hlyd.. Miami. Flotida and sha11 periorm, camply w~th and abide by each and every the stipulations~ agreements. conditions and cove- eants of said promissory note and of this deed. then tfiis docd and the estate tfiereby crested sha11 cease and be null and void. 1. The Martaaaor hereby covenants and agrees: (s) To par al) sud s~nsulu the principal snd intetest and o~her sums ot iooney paysble by vitlue of ssid promissory note and this deed, o~ either, praa~p~lY on tbe dsYs «sP«<~rely the saese severally becoa~es due. (b) To pe~mit, caom~t or sutfer no wasle and to ~nsintam the imptorements s~ all tia?es ia a state of ~ood repsir and conditioa. ~od Co do a pene~t to be done ~o said prew~ses aoth~ns th~t rill sltet or chaa~e We use aad chu~cter o( said p~operty or in any way impair a oe~ken tht security ot this mat~ase. And in case of t6e refusal. ne~lcet or insbility ot the Mort~a~or to repair ar.d maintain s~id proper. ty, ~he Matpsee wy. at his ophao. make such repsirs or cause the same to be osde, and advance ma~eya in that beh~lt. (e) To par all snd s~otulu the uxes. sssessmenu, levies. I~sbilitics, and obli~stions of erery nature on sa~d described p?operty escA and everr ~hen due snd psyable sccord~n~ to I~M, befae they become detiequent, and to deliver to the Mortts~ee on or betore Msrch IS~ti ot e~th yeat tsa receipts erideacins the payment of all IsW(ully imposed ta:es [or tl~e ptecedios ealeed~r yeat; to indemn~ty the 6Aort~a~ee upon Ais deaund for all uies, a.sessments and char~es that may be assessed upon this sott~s~e oe the indebtedness ~ cured hereby, and psid by tbe morttasee, r~thou~ re~ard to sny la~ heretotae en~cted or hereafte~ ~o be eoacted imposin~ payment o! the rAole or any ~srt tAereot upon the Mort~ssee. ' [ ~ (dl To pay alf snd sinsular the costs, char~es and e:penses, ineludins Isrye~s' (ees and sbstract costs reasonably incurced r+r paid at i any ~inu by the Mat~asee beeau~e of the fa~lure on ihe psrt of the ?{ort~asor to per(orm. caeplY with and abide bY each and every the ~ stipulat~ons, aRreeAenis, cond~t~ons and corenants ot said poais~ay nots and ~h~s deed, or eitAer. ~nd every such'payment shall besr ! ~nterest troe~ dste al tAe rate ot ten (10'L) per ceetwn pe~ anmun. ~ E (e) It i~ tard~a coreaa~ted ~nd ~~reed by a~id osrtie~ tbat is the eveat o( ~ suit beias iestituted w tareclose Wis sorya~e. d~e Yart- ~ p~es ahali be aititkd to apPlr ~t ~sr tire pewdin~ sac4 foreclosute s~it to tbe co~t Y~~ia~ juri~Aietiaa U~ereo~ fa d~e appoiotaee~ o( ~ recei~er ot ~11 aed sinsnlu the ~ortq~ed pro0erty. ~ad ot ~11 reacs. ieca~es. pr~ts. iss~e~ sad rerea~es d?etcd. iro~ rbatsocrer sauee derired; ae0 thererpon it is bereb~ exprea~lr eo~sa~ated ud s~r~sd wt t6e Coort aMaU tatA~ritM ~poiat sticM recei~er ~ritb ~ . the rswl oove~s asd duties of rteeiver~ ia lits eue~; ~ed s~id a~oint~eet sball be ~de er d~e eonrt u~ eatter of striet ri~he ~o ~ tbe Mortpiec. ssd ~itbont refercace to tAe ~deqwcr or inadeauacy of the ~at+e ot ~ie yrooenr Yercby wonq~ed; or to tAc sotrencY ~ ar iasol•qer o( the Mo~tpior~ a~ar otAe~ ~rty dsfeedwt to srcb ari~ Tbs Mortpsor 4ereby aOsei[iesllr vai~res tbe ri~bt to object to t!e ~~oietaeai ot a~eceirec as a[aesaid aed bereby e:~essl]r eossests th~t socf~ s~oiee~sst s6a11 be ~a0e as rn sd~itted equitr ~ ~ad ~a ~~atter ot ~owluts ri~t w d~e Mortp~ee asd dut the aus w~1 be da~e ~id+o+t aotice w tl~e Yort~a=or. ~ (f1 It tareclosure otoettdia{r ~6ouW be iestituted apiest tbs ptooertp toreted bp d~i~ ~ott{~{s rooo aoI? Wher lite or claiai +fiether •ris~ed to Oe s~io~ ar iunior to t~e liee ot•t6ia ~orya~e. we Mo~ia•pe ••r •1 bis o~Cioa i~esAutclr ~on iastiwtim of aueA s~it ~ ~ a dwias Me psadeaer t6ueo( decl~re tAi~ aortp~e asd ~be iadebtedaess s~,e+~ed Yaeby dne ~ad y~Yab{e fatarid~ ~nd way its oOtiea Oroceed lo foteeloae tAii ~ort{i{e. Th~t tbe 1loryasor ~ill keep all resl u~d oersoe~l p~ooerUr eo~ ar 6usafter eacuobe~ed br t4e liss of tAis iwrtja{e iosured ~s a~sr ; be rsqYired t~o~ ti~e to tias b~r il~e liiort~~se yains~ Iw~ bp C~a. rriedstana arW otUer S~suds. e~s~ultits uW contia{eecies tor such ~ ~iads aed for wi ku tiu arch ~eowt~ u Mr bs ~e~u~a by uK ~or~a.ae~ .oa ~o o.r wo~qtbr wMes dre all ~es~uass ta snek iwunaee. 'JLs ~~wets ot uurrwee reqousd br tl~e Morttyse swll be t4e wini~ a~oraq for rMieM s~id ins~raaca sM~lt be vrittea 5 aad ii sAstl be isev.bea~ •paa ~hs Monasta~ a..iuaie a»cA add~uoo,~ ~a.~..ete a, ..r s~ p~«.,.~r w.ee~ .pa ~o~.pir r~ur .~w ~ all eo-iasurwce require~s~ei coot~iaed is a~id ooticies to We eed Wat tbe s~id Mort~a is not a eo-ie~~rra tbereander.lnsw~nce ~ ~ball be arittea er ~ eowo~slr o~ eapwiea ~~roved a~ Aesi~n~tcA by tbe Mort~~ies ~ed all polieiei aed rsna~als Wtreo( sb~ll bs beld ~ bp ~Ye Mortiatse. All de4iled dtai~eatioaa ~ tYe Matl~t~or ~rAicA ae ~cceqted bY d~e 1Wttp~et ~ad a11 ~{tea~epts lstwets Matti~tor K ~ed MorWtee rel~tini to ia~~n~ca. eo~ caiatia~ or Aers~fta sads. aAsll bs ia rritia~ ~ad sUall be a Pare of tMia ~tfaK yreceeat ~ u(rflr as tbo~?{b set torW ~crbsti~ 6ersia ~ed shall ~overn boW Mrtisa Mreto asd tYeir arccesaon ~ed usiNu. No liee s~r d ~ ~~W Oolioic• o! i~uYr~eca o~ ryos ~sf refwd or radwn otesiw~ ~MieA ~nr be ~Ysble oa tl?e eaweellatio~ a tenaiastios thereof. sAsll ~ be ~i~ea to a4er rAan tbe Mort{aiee. e:cept bp proott sndascwsat ~mse~ to arcA oolicy an0 q/rorcd Yp Mati~~te. Each oolicy of i~snrr~ece ~Rall hars stt~:sd Uureto ~ Staad~rd Ne~r Yosk Morya{ee Ct~rse ~ritAorl Coatribntion. w~lu~ ~11 loss a losses w~der srcA ~ plicr arabte to tUe Mottp{ee~~s ib ietuest w~r ~Opeu. la t6e a~~t ~~r s¦. ~,wu d.oeer bsco.e o.r•bte ~aerew~ae~ we wws~- Naet sAall Aa~e tAe oOtiaw to recei~c an0 a~ly t4e sue an acearu of 14e isdebtedness Aerebr stcmed. or to oer~it tDe 1lortsa~a to recei~e ~M we it!ar any out theceot. ritAo~t ttecebY ~~iri~ w i~airiu~ .Ar ew»y. tisa. o~ ri~ht w~der and bIr ~utre ot ~A~s •ortsa~e. Is sve~t of Iws ar oAysic~l d~wase to tMe wo~ya~eA /rooertr tAe Mat{aior i6a1:'~ive iMCdi~te so~ice thcreof bp mnl ~o tf~e Maya~ee and the Mon~~~ee ~Ir ~ake Praof of losa ~f ~he usire ~s not wde ~o~thr br tht ~lat~a~or. In e~ent of foreclos~ue of aooK 245 F~~E ~.C~ _ _ _ . _ _ ~ ~-~i ~ e_~.~~, t:~' 3 - _ ,