HomeMy WebLinkAbout0947 ' To Have and to Hotd the aame. topether wtth the tenements. .
he~editamenta an~ appu~tenencea thereto belonptn~. and the renta,
tasues nnd profits thereof. unto the mortp~pee, tn fee ~tmpte.
And th~ mortpepor covennnta with the mo~tpagee that.the
mort~apor ts tndefeasibty seized of antd tand tn fee stmpte; that
tha mo~t~a~or hna ~ood rt ht and tawfui authority to convey sntd
i~~d as aforesatd; that ~he mort~~~or wtti m~ke auch further
assurance~ to perfec4 the fee stmpie t~tle to setd l~nd i~ the
mo~t~agee as may reasonabty be requt~ed; thet the mortpagor hereby
futty wa~~ents the tttie to setd tand and wiit defend tho same
against the tnwfui ctaims of ati persona whomsoevar; and that satd
iand ts free end ciea~ of ail ancumbr~nces
Provtded Atways. that tf satd mortpagor shatt pay unto satd
awrtpapse the ce~tain p~antssory note heretnafts~ substantta~ty
copied o~ identified. to-wif:
MORTGAGE NOTE
JULY a2 1987
BRCIORCYN. NEM YORK
=2~ . 000 . 00
FOR VALUE RECEIVED. the underslyned. (Joint~y and aeverally. lf '
mo~e than one) promises to pay to
SOUTH FLORIDA UNLIMITED MORTGACiE O~RPORATION
or order. tn the mAnner heretnafter spectfted, the prtnc~pal sum
TMENTY-FOUR THQUSAt+lD AND N~/100 DOLIARS (=2~.000.00 )
w;th interest from date mt the rate of 10.000 percent, per
annum on the betance from ttme to rematni~p unpetd. The setd
principal and ~nterest sha11 be payable !n tawfut money of the
Untted States of Amertca at:
1723 EUiA AVE.. BROOKLYN. NEW YORK 11230
or et such p~ace as may hereafter be desiflnated by wrttten notice
; from the holder to the maker hereof. on the date and ln the
manner followinp:
s2~.000.00 PAYABLE AS FOLLOMS:
In consecutlve monthiy tnstaltments of 5337.88. lncludlnp
~
lnterest at the rate of 10.000% on the 1ST day of each month
beytnntnp AUGUST 1. 1987. such monthly [nstaelments shatl
conttnue unttl the enttre tndebtedness evtdenced by thts note js
fu~ty patd. except that any ranatnlnp indebtedness, tt not sooner
patd shali becane due and paynbie on the 1ST day of JULY. 1997.
Thts note mey be Oa~d pnr~ Or ~n fu~t at any ttme w~thout
Denatty. \ ~
\
~ /
.
Thts note rrith tnierest ts secured by a mortgage on reat estate.
of even date herewjth. made by the maker hereof tn favor of the
sald payee, and shatl be construed and enforced accordtny to the
iaws of the State of F~ortda. The terms of satd mortpape are by
tht~ reference made e Dart hereof.
If default be mede 1n the payment of ae?y of the auns or jnterest
mentioned hereln or in safd mort~ape. or !n the performance of
any of the aprednents contatned herein or ln sald mortyape. then
the enttre prlnCtpal sun nnd accrued lnterest shall at the optton
of the ho~der hereof 6ecome at once due and coelecttbie w~thout
notice. time belnp of tAe essance; and sald prtnctpai aun and
accrued lntereat sheli both bear interest from such tlme untll
paid at the hiphest rate atiorrabie under the State of F~orlda.
Fsilure to exerc~se thii optton ahatt not constjtute a Matver of
the rtpht to exerctse the aame In the event of any subsequent
default.
Each person ilable hereon whether maker or endoraer. hereby
wa~ves presentmertt~ protest. ~ottce, notice of protest end nottce
of diahonor and aprees to pay a1l costs. inctudtnp a reasonabie
attorney's fee, whether autt be broupht or not. lf efter maturtty .
of thts note or defautt hereunder. or under satd mortpe~c.
counsel shal~ be employed to Cotiect this note or to protect the
securtty of said mortpape.
Whenever used hereln the terms •holder'. 'maker' end •payee' i
shntl be construed in the ~tnpular or pturai as tha context may ;
requlre or admtt. {
I
ProDer documentary stamps ~ , ( AL~ '
have been afftxed to the ~ p
mortpaye secur~np th~s BOOK 555 PACE
note.
(SEAL)