Mortgage Deed 2255-(65-69)
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MORTGAGE DEED
FROM CORPORATION TO INDIVIDUAL
:\Ianufaclured and ror sale by The n. & "Y. B. Dr~ ~~anJ_1 r
. .Tacksonl"il1e, Florhla W LJ ~..,...,
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This mortgage laeed,
Executed the
6th
day of
March
A. D. 19 50 ,
by JOHN REAI:l'Y, lllC. ,
a corporation existing under the laws of the State of Florida
, and having its
principal place of business at Miami
Florida
party of the first part, hereafter called the Mortgllf5or, to MOIlRIS KATZ and MINNIE KATZ, his wife,
of the County of Dade
, State of Florida
part ies of the second part, hereinafter called the Mortgagee s ,
'1lIlitnessdlt, that for divers good and valuable considerations, and also in consideration ,of
the aggregate sum named in the promissory note
of even date herewith, hereinafter described,
the said Mortgagor doth grant, bargain, sell, alien, remise, release, convey and confirm unto the
said Mortgagee s, their heirs and assigns, in fee simple, all that certain tract of land, of which
the said Mortgagor is now seized and possessed, and in actual possession, situate in Dade
County, State of Florida. described as follows:
Lots 7 and 8, Block 36, OCEAN BEACH ADDITION No.3, according to
plat thereof recorded in Plat Book 2, page 81, of the Public
Records of Dade County, Florida.
This is a purchase money mortgage and is executed and delivered simultaneously
with the delivery of a deed conveying the above described property from the .
mortgagees to the mortgagor.
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eJIV () rl d{o'l/l(yt.. !I/oTc.6i,/i;;:'
'J ~.ed. $ 1/__
Iu payment 01 taqs due OIl Clall no,,,,
Intangible Personal Property, punuant
to Chapter 207~ La_ of nl>tillo.
Acta 01 1941.,e::. <7/ j- ,:)..rf
F' !>NFST OVRRSTRItIT
TAX COLLECTOR, DAD tlm't, F1A-
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255 PAGE 66
10 ltalle and to ltold the same, together with the tenements, hereditaments and appur.
tenances, unto the said Mortgagee s , and their heirs and assigns, in fee simple.
Rnd said Mortgagor, for itself and its successors, legal representatives and assigns, doth cove.
nant with said Mortgagee s. their
heirs, legal representatives and assigns, that said Mortgagor
is indefeasibly seized of said land in fee simple; that the said Mortgagor hath full power and lawful
right to convey said land in fee simple as aforesaid; that it shall be lawful for said Mortgagee s
their
heirs, legal representatives and assigns, at all times peaceably and quietly to enter
upon, hold, occupy and enjoy said land; that said land is free from all incumbrances; that said
Mortgagor, its successors and legal representatives, will make such further assurances to perfect
the fee simple title to said land in said Mortgagee s,
their
heirs, legal
representatives and assigns, as may reasonably be required; and that said Mortgagor doth hereby
fully warrant the title to said land and will defend the same against the lawful claims of all persons
whomsoever.
'rollided Rlways, that if said Mortgagor, its successors, legal representatives or assigns.
shall pay unto the said Mortgagee B,
their
legal representatives or assigns, the certain
promissory note
, of which the following in words and figures is a true cop y
, to~wit:
t~
and shall perform, comply with and abide by each and every the stipulations, agreements, condi-
tions and covenants of said promissory note
and of this deed, then this deed and the estate
hereby created shall cease and be null and void.
Rndr the said Mortgagor, for itself and its successors. legal representatives and assigns, hereby
covenant and agree:
1. To pay all and singular the principal and interest and other sums of money payable by
virtue of said promissory note
and this deed, or either, promptly on the days respectively the
same severally Come due.
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Promissory ~ote (Sem1~Annua.11y. ahd Annually)
BOOK225,5 PAGE ()7 ",
Miami, Florida,....J!I!.~..~...J._.........., 19........
J
$..I.f..g..9.t........
FOR VALUE RECEIVED the undersigned jointly and severally promises to pay to the order of
.....:...~...~~..~..~..~.~~~!!'...~.....~.....~,...'!:..~..~..~..~...~...~..~...~..~...!':'...~...~..~..~..~...~..!!':....
the principal sum Of...J.~Z..D.tlll!llMt.._..MtJ.l>>"!!'U!'''!!!.''~''''!!''fli.r= ~
together with interest thereon from date at the rate 01...*..1.......*..,11. ~Ul. per annum until maturity,
said interest being payable...........~..............:.annually on the........~........ day oL....~........m.........
and.........IIp...l.............f.of each year: both principal and interest being payable in lawful money
of the United States at.....~..~!!!.~..~.~..~~~.y..[,...~~....,,~~...~.....~..!':'...~..~....
or at such other place as the holder hereof may designate in writing, said principal sum to be payable
on the dates and in the amounts specified below, to-wit:
ttO,OOO.CIO . ... lIld'ua ..... 6, 1951,
",000.00 . ClI' W... .... 6, 1*_
Each maker and endorser severally waives demand, protest and notice of maturity, non-payment or protest
and all requirements necessary to hold each of them liable as makers and endorsers.
Each maker and endorser further agrees, jointly and severally, to pay all costs of collection, including a
reasonable attorney's fee in case the principal of this note or any payment on the principal or interest thereon is
not paid at the respective maturity thereof, or in case it becomes necessary to protect the security hereof,
whether suit be brought or not.
This note and deferred interest payments shall bea r interest at the rate of eight (8) 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, then
. #.' ~,........ .days after such default has occurred, the whole SUm of principal and interest remaining unpaid
shall, at the option of the holder, become immediately due alW'mtrr. !Ie.
................................................................................(Seal) ~.....~.?~..g.~.\'i~?:.........................l'fi.."..~)
................................................................................(SealJ~~.~.!?~?:~;!....M!!;!..~....................................(Seal)
.......,.
MYERS, HEIMAN &. KAPLAN
650 Seybold Building
Miami, Florida
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BOOK2 ,
2. To pay all and singular the ta.'l:es, assessments, levies, liabilities, obligations and incum-
brances of every nature on said described property each and every, and if the same be not promptly
paid the said Mortgagee s, their heirs, legal representatives or assigns, may at any time
pay the same without waiving or affecting the option to foreclose or any right hereunder, and every
payment so made shall bear interest from the da.te thereof at the rate of five
annum.
per cent. per
3. To pay all and singular the costs, charges and expenses, including lawyer's fees, reasonably
incurred or paid at any time by said Mortgagee s, their heirs, legal representatives or as-
signs, because of the failure on the part of the said Mortgagor, its successors, legal representatives
or assigns, to perform, comply with and abide by each and every the stipulations. agreements.
conditions and covenants of said promissory note
and this deed, or either. and every such
payment shall bear interest from date at the rate of
five
per cent. per annum.
against fir e and windstorm
land insured/in a sum not -less than
4. To keep the buildings now or hereafter on said
highest insurable value - - - - - - - - - - -1bJtl:m3; in a company or companies to be ap- .
proved by said Mortgagee S , and the policy or policies held by and payable to said MortgageeS ,
their heirs, legal representatives or assigns, and in the event any sum of money becomes
payable under such policy or policies, thl! Mortgagee s. their legal representiltives or as-
signs, shall have the option to receive and apply the same on account of the indebtedness hereby
secured, or to permit the Mortgagor to receive and use it, or any port thereof, for other purposes,
.~ without thereby waiving or impairing any equity. lien or right under or by virtue of this mortgage.
t and may place and pay for such insurance or any part thereof, without waiving or affecting the
option to foreclose or any right hereunder and each and every such payment shall bear interest
from date at the rate of five per cent. per annum.
5. To commit, permit or suffer no waste, impairment or deterioration of said property or any
part thereof. .
6. To perform, comply with and abide by each and every the stipulations, agreements, condi-
tions and covenants in said promissory note
and in this deed set forth.
7. If any of said sums of money herein referred to be not promptly and fully paid within
fif'teen days next after the same severally become due and payable, or if each and every
the stipulations, agreements, conditions and covenants of said promissory note and this deed,
or either, are not duly performed, complied with and abided by, the said aggregate sum mentioned
in said promissory note
shall become due and payable forthwith or thereafter at the option of
the Mortgagee s, their heirs, legal representatives or assigns, as fully and completely as if
the said aggregate sum of Thirty Thousand ($30,000.00) dollars was originally stipulated to
be paid on such day, anything in said promissory note or herein to the contrary notwithstanding.
. ~.
In liIJitness liIJhereof, the said party of the first part has caused these
presents to be signed in its name by its President.
te and its corporate seal to be affixed, attested by its
the day and year above written.
Secretary.
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Jlate of Florida
tounty of Dade
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I, the undersigned officer duly authorized to tahe and certify achnowledgments of deeds in said
State and County, hereby certify that before me came John Klinger
and
Daniel Adelman
as
President and
as
Secretary of the
John Realty, Inc.
a corporation under the laws of the State of Florida
; that said persons so aI'-
pe(!ring before me are the individuals and the 0 !fice;s af.orenamed of said corporation described
in and who executed the foregoing deed; and that then and there said individuals as said officers
achnowledged before me that the seal affixed thereto is the curporate seal of said corporation, that
their names officially are by them respectively subscribed thereto, that said deed was signed, sealed
and delivered by said corporation in the presence of two subscribing witnesses pursuant to law, and
that the same is the free act and deed of said corporation.
tifitness my signature and official seal at Miami
in~-t.fl.~~ciUl{{i.f( Dade , and State of Florida
,.
'day o/c T, /'kirch"
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, this the 6th
,1950
~'s~ (Sen".
My commission eXPircs_~U"1..ro.
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