HomeMy WebLinkAbout1593 i'
i ~ ~ ~.'i`t~
!'HO~'IUFU, AI.R'AY~, that if thr ~41or~Ka~;ur ~hall pi~~• unto tlu• ~1~.rtF.~~~e ~1~~ ~l~bte~inr~~ r~ iilrnc~•~I by •
cert~in pco~ni~w~y i~ote of which the fullowin6 in ww~is a~d fi~urr+ i~ a t[ue cop~ to-wit:
,
32, 000. 00 Miami, June 12 79
fOR VALUE RE EIV D NN w~ ~iwi~q N My h NN ~r~~
~D~ARD ~S~~E N~~ pi~tlMl ww~ ~1
,r~11r~-tW~ & _~IbA = • • ~y~tl~ wiN~ l~t~hs~ HanM fe~w~ ~h ~f th~ hN d
_Nre~w~. Ne_8llAtlitt ~wNl wwtreil~. ~Ni~ ~eiwsi~l •w~ IwN?~N ?~iw! Mri?b iw I~wf~l wNn~1 d IIN Uwit~ ShMf. ~t iK
.~„i~.k~, 9207 Summi,t Road, Silver Sarinq, MD 20910
wi1 P?iwci„1 tviw •w/ iatta~s? N w M~?b M N~ ~fp ~d iw NN ~rwwwM ~s ~Ntf~i~ wiw. N-rit: Interest only St the
;~te of 8~$ per annum ($2,720.) for two years, payable annually~,•th~ tirst of
which said annual payment shall be due on June 12, 1980. Principal shall be
repaid in six consecutive equal annual installments of $5,333.33, together with
` interest on the unpaid balance c~mputed at8~$ per annum, the first of which said
principal and interest payment shall be due on June 12, 1982. ~
~
Such ~nstol~ment poyments sholl be opplied first to the interest occruin~ ur?der the terms of this note ond then to o reduction ot the
o~~nc•pnl ~naiebtedness.
E~.~ .++?e~ ~ne eede•ser ~eve~Mly w~iws da+.aed. Pra~~t and no~rc~ 01 ~hrr:ty o• ~a~en~ion non-P~v~nent a vmeu and ~N ~eo~~re~~n4 neceuvr ro Iwld txh o/
•he~+ ~.~44 a ~n~ten ~nd eedasen.
FuA .wa~e. r~d t~dersN p•ets. iow~N ~nd i~ve.~llr, Io O~Y ~t) cofts ol cel~~c~:en. inclvd.nq • r~ponabl~ ~nwnty's h~a :n c~se d~t p.inc~pal of ~h;s ne~t~ w ~ny
paY1nen~ e•n tAe wincipa) o~ ~nr i~?t~~sf IMr~on is no1 p~W tM r~sp~c~~w inatwitp ~ANwf. w in u~~ :t becan~a nectswY b a~o~rc~ ~M secw.t~ Fereaf, wA~tlw s„~t b~
b~o„a?+~ a nw as w~tl n payiwewt ol ~~rorn~y's /~ts on pp~d.
ih~s not~ ~nA d~(~rr~d inN?qjlg`~y~~lu~ty~~fJ~L1+~ ~~M of ten p~? c~nt oK avw/n frem n~tw:~y vn~'1 p~~d.
C:IId @ i]_t5L
Th~~ noN is s~tw~d by • r p~ oi ~we d~N Mnwi~A «.d 'n to M ceesuwd N+d ~nlwc~d ~ccw to ~M bw~ ef M~ Su~~ ol Florid~r
voon def.~~~ :n ~M v~yr~+~ of p.Gne~al ~..d/a int~.~st dw on w+r na~ s~cw~d bY ~~:d ewf~Dro~. Nnounb w• ~nd r ~:niny ~lull iwrAwieh b~con»
du• and ps~~W~ notwitMl~ndi~q ~Mir Nno?~ N NN Opffow of IM hO1dM.
~ ~ ~
/
•
. K , Tru e
~ ~
, b•'-~`'F+.: btRisl'Vl~!!
aad ~hall perfonn, comply with and ~bide b. each and evuy~t~ie` a~ipuia{toni; a~e~tt;'~rid'itisd~ and covenaab of
s~iti promissor}- note and of this deed, then this deed and thet-i~~14~ f1fEf~byctll~~'tia~i~'iD~se ~nd be null and void.
l: The Mortqagor hereb~ covcnants and agrces: ~ w~"•"'`~'. ~
1~1 To p~r dl ~ad ~in~ul~r the principd ~nd intere~t •oJ other •unu of moaey p.r.ble i.r ~irtne of wid promiwory note ~nd ~hi~
' deed. or either, prompdy un the daY~ ~e~pe~tively th~ ~~me te~errllr betemd due.
Ib~ To permit. eommit ur aul[cr no r.~ue ~nd to ~~rint~in Iht irnPnvemtat~ ~t dl ~ime~ in • aute u! Ruod rep~ir Nd condition; ~~d
to do or permit to f?e .ionr to ~aid premuc~ nu~hioF that wiU dter or ehanEe ~he use ~nd eh~ncter of ~~id propertr ur in •ny w~y
~mpair ur wc~ken Iht ~teun~y uf Ihis monq`e. And ie ~a~e o( t6e refuwl~ neEleet or in~bili~r ut the ~lortpaor to rep~ir ~nd ma~nt~in
wid propertr, ~he No~1s~Ree m~~, ~t hi~ optiun, m~ke ~ueb rep~in or c~use the ~ame to be ~n~de, ~nd ~dv~nee montrs in tlut behal(.
~ lel Tu p~y •11 ~od ain~ul~r the t~aes. ~~K~swesu. Ievit~. lubilities. ~nd obli`atioeu of e~ery m~ure un said Je~eribed pwpertr uch
~ ind ever~ NAen due •~~d p~y.bl~ accordinE to l~w~ betore tber be~on~e delinquent. ~nd t.. deliver to the ~Ion~s~ee on or before M~rch
E l'ath o[ e~ch ye~r u: receipts eridenciui tbr p~rn~~nt uf •11 t~wiully in~posed u:a Ior the pre~edin6 edendar yc~r: to indnnnif~ tLt
~ rion~.~ee upon hu demand (or ~U t~se~, ~weaNUrms ~nd eharEs th~t may be ~ueaed upon ~his monp~e on the inJebtednev seca~ed
hereby. ~nd p~id bY the murtRaRtt, withonl teprJ Iu ~uy I~w heretofurt enacted or bereJter to be enacted i~npo~~n~ pa~~neat o[ the
whole or ~nr p~n ~hereof upoa the Mortp~ee.
' 1d1 To p.r ~11 ~nd ~iaptl~r t6e eusta. cb~~~es ~ud eapen~es. includinE (~vn~en' fen ~nd •Lunct cos~s reuon~bly ineurred or p~id ~t
~ ~nr time b~ the Jlortp~ee bec~u~e uf the f~ilure o~ thr p~rt et 4he ~1onpRor w perturn~. cauplr wi~h ~nd ~bide b~ eaeh •nd every
~ tl~e ~tipul~~iom~ ~~rssmeau. eondi~iun~ ~nd cu.en~nts ut a~id prumi~~urr note ~nd ~his deed. or either. ~nd everY ~ueh p~yment ~hall
be~r intercat /rom d~tt at the nte ~r ten per eent .
~ (el It iu funber eoven~nted ~nd .R~eeJ by wid partie~ ~hu in tl~c e.ent ot a tuit bein6 inaituted tu turtelu~e tbi~ mortp~t. tl~e Mort-
p~ee ~hell be entitled tu ~pplr ~t ~ny time pendint ~ueh foreclwure ~uit ~u d~e couri havin~ juri~Jittiun elxreof for the ~`~ointmeat _
.r or .u aod ~in~ul~r the munw~ed propeny. ~nd of dl renu, ineume~, pro6u. ic~ua ~ad revenuc~ thereo/, (rom ~rbn~otver
~ouree derived: ~nd therenpon it i~ hercb~ t:prtuly coven~etc+) ~nd aR~eed tu~t tbt Court ~hall forth~rith aPpoint ~neh reetiver ~+ith
~ the u~ual poMen ~nd dutia ot recci.en in like c~re~; ~ad wiJ ~ppoint~nent ~hall bt m~de b=• the court ~s a m~tter of ~t~i~t ri~b~ tu
k ~he NonpRee. ~nd without « ference ~o ~hr ~deywrr ur inadtqoary of Ih~ .¦lue ot ~he propenr herebr n~onpRed, or to ~ht ~olveaey
~ or inwlvener of the Non~~on or snr uther p~Mr defendant tu iu~h •uit.•'The NonE~6or herebr aperific~llr ~.~i~e~ thc ri~hl tu
~ object to the ~ppointment ~d ~ reeei.er u dures~id and hrrebr ~prr~~lr eoments ~hat ~och rppuinunent sh~ll be u~ade ~n ¦d~nined
; eqai~r snd u~ m~tter of ~bsolute ri~ht lv the Nort{~~tt and tlrt Iht same may be done rithout no~i~e to ~h~ Mott~`or.
Itl If (oreclosure pru~ee~linR~ shuulJ Le insti~uted•~piast tke ptupertr co~ertJ by thii mort`a~tt upun anr o~her litn or ~I~im ~nc~ther
~ dk~ed to Ix ~uperior ur jun~ur tv the (ieu o( tbis murlp6e, thr .1lortpg~e n~a. ¦t hu op~ioe immeJi~tel~ upon imti~udoo of ~ucb
~ ~uit or Jurin6 ~he penJenc~ thrrtuf dtel~re thi~ munR~Ee •nd ~hr ind~6tednres ~ecured her~br due •nd p~»ble fohhwuh and nu~ ~t
iu option pr~ceeJ to torr~lo~e ~his u~nnF~~~.
(~1 That thc Mo~tp~or w~ll I?eep all r~~l rnd petwnal prupeny now or htrr~ft~r tn~umbrted b~ th~ fien ~f lhi~ murtµEe ~nwreJ
~ u~mr b~ required itom time ~u un~t i:y ~6c NortpRee r6ains~ loss 1.y 6re, wind~~uru~ •nd o~hrr h~~~nls, ~~su~lue~ rnJ .onl~nRenr~e~
- (o? •ueh penodr and (or nvt Itse ~han •u~h ~muuntR ~s ma~ b~ rrqu~red br the ~ionpRee aod ~o p~r promp~lr .+hrn Jue all premium~
t fo~ •u~h insunn~e. The •muum? uf inwr~nre requir~d by ~h~ ~'Iorl~Fer shall I~t th~ u~in~n~uu: anuunts (ur wl~i~ h Eud mwnnt~ ~h~ll
~ (u w~itten ~nd it sh~ll be in~ wnl,rat upun tF~t ~1or~pEur to m~in~~in •urh aJditiond ~nFUnnt~ ss mry bt n~~taary ~u mn~ anJ ~omPIy
~ fully rith all co-in~unn~r requ~remems cont~ined ~n wid poli~ief ~o thr enJ th~~ the s~id 1lortp~tor is not s ~o-~nwror thrrrunder.
~ Iruur~n~e shall be writtrn br • co~up~n) or .-ump~n~e~ ~ppro~e~l or dniEn~ted by Ihe `lun~~ee snd all puli~ies snd reneMds th~r~of
s slull be I~eld Lr ~t~e Nort~~ee. All .kuiled des~Rnationr by tfr 111ortEaRur v.hi~h ar~ ~c~epted br ~bt Mo~t~Ree and •11 •Rrttm~nt~
} be~wten MortpRor ~nd NortpE~~ rel~tinE ~o ~nsunn~e. now exi•~n~~ ur b~rtdter made, ~hall ~e in ~rritinR ~nA ~hdl be • p~r~ uf thu
t mo?1pRe a6r~ement u fully ss tbuuRh stt (onh verbatim herein and shall Rove~n both p~rtirs hert~o •nd their ~u~~rsEOrR •mi ss~~Rnt.
F No lien upon •n~ ol s~id poli~ies u( imuran~t or upon ~nr refund ur r~lurn premium ~+h~~h m~r b~ D.r•ble ~n lht ~~n~~ll~f~on •r
; ~ermiwtiun thereof, ~hd) F~e Ri.en t~ o~ht~ Ihan ~I~e i1oAplt~e. ~*r~p~ by Praprr ~n~lorsrn~rnt dfi~~d lo w~h poli~y snd appruv~J b~
~ Nost~Ree. Esrh polic~ o( io~unnrt slull h~xe dixed tlKr~tu a~I~ndatd ~t~. ~'nrl. )tor~R~R~~ I:Isu~e Mithout CoMnbunoe, m~k~nR
` •11 loa or Iw~es under such poli~y p~vabl~ to tbt blo~tpRet sE iu int~r~s~ mr~ •ppr~r. In 1h~ tv~nt ~n~ tum or ~um~ of monry br~om~
~ p~)~ble thet~undrr ~he NonpRre shsll h~vt ~hE op~ion lo rKeivr •nd •pplr ~h~ ~~m~ on a~rounl of ~h~ indebteJntu her~bf ~«ured,
~t t~ prrmit the Mort~Ro~ to reeeir~ ~ad wt il. ~n~ perl t1~er~o1. MIIIIOYI Ih~rcb~ w~iv~nR or imp~~rinR ~nr eQuur. li~n. or ~~Rln
~ under and br rinu~ of this morlpK~. In ereM ~I IoN o~ p11»iral ~~nrRt ~o ~he mnrlqR~d proprrtr Iht MortqRor ahdl F~v~ ~mm~-
~ di~te notice ~herco( br m~il to ~he Mon~{aRee and 16e MonpRre mav m~kr proof of loas if ~h~ wme is not m,~k P~o.~~~r ~.r ~?K
~ alort~a~ur. In eveat ot fortelosure uf this mun~sEe or other ~r~nder ~f ~itle ~o ~he mor~R.~ed propen~ ~n eatinRuishmenl of IFK i?id?b1-
~ edeeu ~ecwed Merebr. dl ri~ht, title ~nd ~n~erc~~ ot the 111~rtpRor ia ~ad to ~nr irrur~nce poliein tl~en i¦ for~t ~hall pw ~s ~be 4
Prrcbuer er ~rselet ~
~ (~1 To psrl~ns. eoa~pl~ ++ith and abide b~ u~6 ~ad even the Mipolatiow~ ~~reemeat~. coedi~iaa ~od c~rcMeq ie aid Prom~a~r~ ~
~ n~ts ~nd i~ thu d~ed ~et to~tk
~ ~ ; , ° R~311 PAGf 159Z ~
. . . fi