HomeMy WebLinkAbout2165 PROVIUEU, ALWAYS, tliat if the Morigagor slial! puy unto tlic Aiarigagc~e tlie indebtedneas cvidcncc~l by tt
cettain aroiniesorv note of whieh tlie foilowinR in worde a~id fi~urea ia c~ true copy to-wit:
/~',a~3+~ ~ti~~
S-~! 2~ Miami, Florida dB]~u~i~t 2$y 19
FOR VALUE RECEIVED _ ~~s ~8~'~~ ~d ~Mr'Q~1~;~ promisetopay
to the order ot ' i~ t:t': ~~:{:s t~1:' w9 f@
thc principal sum of A~ XQ DOLLARS, together with interest
thereon Irom ciace at the rate of ten j~ercent. per annum until maturity, both principal anci interest being payable in
lawful mo~iey of tlie United Scates at 20~ Roper Building, Miami, Florida, or at such other place as the holders hereof may
ciesig~iate in writing. Principal and interest payable in installments as follows:
3rr~~r (~70.00) Dol.lars ~~r most~ tor fit~y-n~ne (59~ ao~ssee~utive
~ost~ ~n ~h~ 1~t?h d~ Qi sach a~ aee~ mci~t.th, be~fn.ni~g a~t '~ie
15fi~h dag o~ g,~uroh, 9956, e~$ ~on~inuirag until th~ 15th day of
Feb~c'u~ucy, i 9? i, a~ ~oh t3.ma the be3enoe ~?h~l beo~me du~ an:d
P~y'a'ble.
`I'his note niay t~e ~rre~~aid in ~~•hole or in ~ru-t aftcr one year lrenn the d.ite hereo( u~x~n ~riy~ment of a~~enalty
ec~uivalent to t~vo ~,ercent oi the principal s~u~i prepaid.
Each installment gayment shall be credited first on the interest due, and the remainder on principal; and interest
shall thereupon cease upon the principal so credited.
The makcrs and endo~sers of this note further agree to waive demand, notice oE no~i•payment and protest, and
in the event euit shall be brought for the collection hereof, or the same has to be collecced upon demand of an attorney,
to pay reasonable attorney's fees for making such collection.
Deferred payments hereunder shall bPar interest at the rate of ten percent. per annum from maturity until paid.
This note is secured by a mortgage of even date herewith and is to be construed and enforced according to the laws
of the State of Florida; upon default in the payment of principal and/or interest when due, che whole sum of principal
and interest remaining unpaid shall, at the option of the holders, become immediately due and payable.
i~'iILLxGE B. COI,L7NS (SEAL)
I~IILD~L.ED ~OI~ZINS (SEAL)
and shall perform, comply with aud abide by each and every the etipulatione, a~eemente, conditions and covenants of
eaicl promiasory note and of thie deed, then this de~d end the estate thereby created ak~ll cease and be null and void.
1. The 1liortgagor hereby covenant8 and agreea:
(a) To pay all and ain6ular the prineipal and intertst ~nd othdr tum~ ot moaey p~yable by ~•irtue ot eaid promisaory note and thie
dted, or either, promptly on the days reapectively tbe aame ~evuallr btcomea due.
(bl To permit, commit or su8er no ~•aste •nd to mainuin tbe improvemeuu at all timea in a etate of 6ood repair and conditien; rnd
to do or permit to be done to taid premiaca nothin6 that ~vill alter or eban6e the nee and eharatter of said propert~ or in any way
impoir or weakcn the security of thee mortga6e. And in case of thc refaeal, ne6leet or inabilit~ of tht Mort6saor to repair and maintaiu
eaid property, the Mon6a6ee ~~y, ~t hia option, make ~uch repairs ar cauee the sa~ue to be made, and adv~nce woneya in t6at behalf.
(c) To pey all and rinaul~r the tsxee, aaseeameote, levice, liabilitiea, and obli~stione of every natwe on eaid datribed prepcrty tach
and every when due and psyable accordin6 to l~w, before they become delinquent, aad to .deliver to the Mort6a6ee on or before March
~ 15th of each year taa receipte evidencin6 tht payment of all iaw[ully impoted tazea for the pretedin6 ea]endar qear; to indemnify the
hiott6agee upou his dem~nd for ell taxea, assesamentd anJ e6ar6ex that may be ~S6ti5ld IIpOIf 121f6 IIf0[16/aE on the indcbtednese becured
hereby, and paid b~ the mortRsRee, without re6ard to ¦ny l~w heretofore enatted or hereafter to be enacted impoaing paym~ot of the
~ whole or eny part thcreof upon thc Mort~egee.
(d) To pey ell end eingular the coete, cheraes and e:penate, iucludin6 lswyers' fe~a and abetnet eosta reasonablq incurred or paid ¦t
any time by the Mort6agee because of the (ailure on the part of th~ Fiortge6or to perform, comply with and abide by tach and every
the eiipulationa, a6reements, conditions and cocenante of e~id promieaory note and this dted, or either, and every euch payinent ehall
bear interut from ciate ~t the rate of ten per centum per annum.
(e) It is further cov~nanted and aFreed by eaid partiea that in the event o( a suit beia6 instituted to (orecloee thie mort6a~t, the Mort-
6~See ahall be entitled to apply at sny time pendiu6 iixh toreclosure ~nit lo t6e eourt havina jurisdictioo eLettn( for the sppoinEmeat
of a rcceiver of al! and ein6uler the mort~aaed property. and ot all rcnu~ incomd, proSu, issua and ~evenua thereof, from ~rhataoever
eource derived; and thereupon it ie hereby expreuly eocenanted and a6raed th~t the Court eh~A forihwith ~gpoint eneh rectiver with
the uauel powcre and dutiea of rcceive~a in like eaees; and aid ~ppointment sl~sll be made by the eourt as a mattcr of strict ria6t to
the Diortgagee, and without reference to the ¦dequaey or inadeqaaey of the value of the ptoperty herebp mort6a6ed, or to the eolcency
or ineolvency of the M~rtgagoca or any other party de(endant to euch suit. The Mort~6or hereby epecifieally waivea the right to
object to the appointment of a reeei~•v as aforeeaid and herebq ezpreeely constnts that ench appointment ehall be made ae sn ¦dmi~ted
equity and ae a matter oi absolute ri~ht to the Mort6a6te and th~t the eame m~y be done without eotict to the Mort6a6or.
(f ) If foreclosure proceedinEa ahould be inetituted a6tlnst thep~ operty covered by tbia mort6aae upon any other lien or cleim whether
alleaed to he superior or junior to the lien of this mort6aae, the MortRa~ee may at hi's option immediately upon inetitution oi sucfi ;
auit or during ihe p~ndency thereof declare this mort6aae and lbe indebledness seeured hereb7 due and parable forttiwith and may ¦t a
its oplion proceed to forectoae thit mort6a~e. -
(6) Thet the hiort6a6or will L-eep all real and penona! propertq now or hereafter encumbered by the lien of thie mort~6e ineured
aa may be required from time to ti~nc by the Mort6a6te a6ainat loaa by fire, windetortn and other Fuzarda, easualues and continbenciu
for auch perioda and for not leaa than aueh amounte aa may be icqoirtd by the Mort6agee and to pay promptly w6tn dne all premiuma
; (or euch ineurance. The amounts of inaurance required b~ the Mortgaaee ehall be ihc mieimnm amounte for which aid ineurance ehall
be written and it ehtll be incumbent upon the Mort6a6or to m~i~ain ~utL additionrl ioenrance a~ map be ne~eaaary to meet and eomply i
f (ully wi~h all co-insurance requiremtnta conlairud in said polieite to tht end that the said Mort6a6or is noi ~ cainenror thereunder. ~
Inturance bhalf be written by a companp or companies approved or desi6nated by the Mort6asee and all policiee and renewala thereot ;
ehsll be held by the Mort6a6ee. All deuiled deeiaaations b~ the MortEaaor whic6 are aceepted by the Mort6a6ee and all a6rceruente
6etween Mort6agor ~nd Mort6agee rclotin6 to irouranee, now taciating or hereafter made, ahall be in writin6 and ehall be a part of thie ~
mortsage a6reement as fuliy aa thou6h sct fonh verhatim herein and ehall 6overn both psrtiea hereto and their sneceaaors and aeai6ne. -
No lien upon any ot esid policies o! inauraoce or upon an7 refund or return preaiium which m~y be payable on the eancellation or
termination thereof, ahall be 6iven to other thsn the Mort~,ra6ee, e=cept by~ proper enJoree'mer.t af6xed to such policy and approved b~
itortga6ee. Each policy of inaurenct ehdl ha~ce aflixed thereto a Stand4rd New York Mortgegee Cl~nse without Contribution, makirsR
ell lose or lossee under euch policy payable to the lliort6agtt a~ ite intereat may appear. In the event any eum or eums o( inoney becomc
payable thereunder the MorigeRee ~hsll have the option to reeei~e and apply the same on account of the indebtedneee herebr eecured,
or to permit the MortRe6or to receive ~nd uee it, or any part lhueof, wit4~out thereby waiving or imp~iring any eqnitq, lien~ or ribht
under snd by virtue of this mort6aRe. In evcnt of losa or p6Jrei~al darna6t to the mortRa~ed properiq the Mortga~or sh~ll g~ve imme-
di~te notice thereo[ by mail to thc Mort6aFce and the MortEeRee may make proo[ of loaa if the samt id aot made promptly b~ the
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