Original w/Sea Crest of Marathon, Inc.L 1
1
JA�N;21 .19-3
MORTGAGE ��
i..,
COUNTY OF MONROE �' �_
RENTAL REHABILITATION PROGRAMmw
r
This agreement is entered into and executed this
day of Dece&er 11 19_, by and between 'Ilh--odare Dantis, -Wilkinson
Jean McDermid& BdbErt�a. Rffl--as Gmeral
Therein after called MORTGAGOR) . residing at qp4 611,r �r, r, [i am _.
Mgaffim Florida 33050
and the County of Monroe ( erein after called MORTGAGEE).
WITNESSETH, that to secure the payment of an indebted-
ness in the principal amount of ($ _) dollars which
shall be payable in accordance with a certain Promissory
Note, bearing even date herewith (Note), a true and correct
copy which is attached hereto and made a part hereof as
Schedule "A" and all other indebtedness which the Mortgagor
is obligated to pay to the Mortgagee pursuant to the
provisions of the note and this mortgage, the mortgagor
hereby grants, conveys and mortgages to the Mortgagee:
ALL that certain lot, piece or parcel of land situate i_i,
the County of Monroe, State of Florida commonly known as
204 91st Street r Mmm*b'^ Flr--;dq and legally
described as fo .Lows:
Lots 19, 20, 21 & 222 SFA CiZESI' MCHIS SUBDIVISION, aocordirg to the Plat thereof
as recorded in Plat Book 3, Page 60 of the public records of Mxmoe C wty, Florida;
together with ink ents diexeon.
(204 91st St., Marathon, Fl.)
TOGETHER with all appurtenances thereto and all the
estate and rights of the Mortgagor in and to such property or
in anywise appertaining thereto; all buildings and other
structures now or hereafter thereon erected or installed, and
all fixtures and articles of personal property now or hereaf-
ter attached to, or used in the operation of, and such land,
buildings, or structures which are necessary to the complete
use and occupancy of such buildings or structures for the
purposes for which they were or are to be erected or install-
ed, including, but not limited to, all heating, plumbing,
bathroom, lighting, cooking, laundry, ventilation, refrigera-
ting, incinerating and air conditioning equipment and fix-
tures, and all replacements thereof and additions thereto,
whether or not the same are or shall be attached to such
land, buildings or structures in any manner;
TOGETHER with any and al.]. awards now or hereafter made
for the taking of the property mortgaged hereby, or any part
thereof, if the taking thereof shall effect the operation of
the property (including any easement) by the exercise of the
power of eminent domain, including any award for change of
grade of any street or other roadway, which awards are hereby
assigned to the Mortgagee and are deemed a part of the
property mortgaged hereby, and the Mortgagee is hereby
authorized to collect and receive the proceeds of such
awards, to give proper receipts and acquittances therefore
and to apply the same toward the payment of the indebtedness
secured by this Mortgage, notwithstanding the fact that the
amount owing thereon may not then be due and payable; and the
Mortgagor hereby agrees, upon request, to make, execute and
Ft ge 1 of 7
• deliver any and u...l. assi_gnmeiil-s and other instruments suffi-
cient for the Purpose of as4i.91iing each such award to the
Mortgagee, free, clear and discharged of any encumbrances of
any kind or nature whatsoever; and
TOGETHER w:i.Lh n:1.). r i.ght, t:i.tle and interest of the Mortgagor in and to the land lying in the streets and roads
in front of and adjoining the above described land (all the
above described land, buildings, other structures, fixtures,
articles of personal property, awards and other rights and
interest being hereinafter collectively called the "Mortgaged
Property");
TO HAVE AND TO HOLD the Mortgaged Property and every
part thereof unto the Mortgagee, its successors and assigns
forever for the purposes and uses herein set forth.
The Mortgagor convenants and agrees with the Mortgagee,
as follows:
The principal amount of indebtedness shall be forgiven
over a period of ten (10) years, in the method described by
the Promissory Note, Schedule "A", provided that the
Mortgagor complies with the following conditions for the
first five (5) years of the Mortgage:
A. Upon receiving notice of an upcoming vacancy, the Mort-
gagor notifies the Section 8 Coordinator for the Monroe
County Housing Authority, in writing
, that a unit is
available, and keeps the unit available at least a Section 8 tenant; 10 days for
B. If Section 8 teuauts apply,
but are
Mortgagor documents the reason and provides itrtodthewCoordi1-
nator upon request;
Co The unit(s) shall be leased on an annual basis.
D. Mortgagor shall file all Annual Affidavit of Compliance
With the County of Monroe Rental Rehabilitation Program on or
before the anniversary date of each year for a ten (10) ear_
period following the completion of Improvements; said y
Affidavit being in form and content acceptable to Mortgagee
at Mortgagee's sole discretion.
The Mortgagor further covenants and
Mortgagee, as follows: agrees with the
1• The Mortgagor will promptly pay when due, as hereinafter
provided, all ground rents fte.r
ments garbage, waste � if any, and all taxes, assess-
, water rates
fees, charges, fines and impositions and other governmental
nature whatsoever, now or hereafter imposed onof ethe Mond and
Property, or any part thereof, Mortgaged
amount of indebtedness secured �b a will pay when due every
of this Mortgage is expressly subject. lien to which the lien
2• No building or other structure or improve
shall be removed or demolished withouttheent mortgaged
consent of the Mortgagee. The Mort
mortgaged p p Mortgagor shall maintainrtheen
incldro erty in good condition and state of re air
U.S. Department
Standards) and wil]. not °f HUD.• Minimum Housin p to
part thereof, suffer or permit an g Quality
ments of federal will Promptly comply with allythestr to any
departments •' state and local governments require-
, divisions or bureaus thereof ' °r of
Property or an , pertaining to any
y part thereof. 9 such
Page 2of 7
3. (a) The Mortgagor wall keep all buildings, other
structures and improvements, including equipment, 'now
existing or which may hereafter be erected or installed on
the land mortgaged hereby, insured against loss by fire and
other hazards, flood, windstorm, casualties and
contingencies, in such amounts and manner, and for such
periods, all as may be required from time to time by the
Mortgagee, but in no event leas than the aggregate amount of
all mortgages, liens and encumbrances on the property. The
Mortgagor will pay promptly when due, any and all premiums on
Mortgagee for examination receipts or other evidence of such
payment as shall be satisfactory to the Mortgagee. The
Mortgagee may obtain and pay the premium on (but shall be
under no obligation to do so) every kind of insurance
required hereby if such premium has not been paid when due as
required by this Mortgage, in which event the Mortgagor will
pay to the Mortgagee every premium so paid by the Mortgagee.
All such policies shall have attached thereto loss payable
clauses in favor of the Mortgagee and any other parties as
shall be satisfactory to the Mortgagee. All such policies
and attachments thereto shall. be delivered promptly to the
Mortgagee, unless they are required to be delivered to the
holder of a lien of a mortgage or similar instrument to which
this Mortgage is expressly subject, in which latter event,
certificates thereof,'satisfactory to the Mortgagee, shall be
delivered promptly to the Mortgagee. All such policies and
attachments shall remain in operative force and effect
throughout the term of this Mortgage. The Mortgagor shall
not allow a lapse or modification of such insurance coverage
to occur.
(b) In the event of loss or damage to the Mortgaged
Property, the Mortgagor will give to the Mortgagee immediate
notice thereof by mail, and the Mortgagee may make and file
proof of loss if not made otherwise promptly by or on behalf
of the Mortgagor. Each insurance company issuing any such
Policy is hereby authorized and directed to make payment
thereunder- for such loss to the Mortgagor and the Mortgagee
Jointly, unless the amount of loss is payable first to the
holder of a lien under a mortgage or'similar instrument to
which this Mortgage is expressly subject; and the insurance
proceeds, or any part thereof, if received by the Mortgagee,
shall first be applied to the restoration or repair of Mortgaged Property damaged, provided such restoration or the
repair is economically feasible and the security of this
Mortgage would not be impaired. In the event of foreclosure
of this Mortgage, or of any transfer of title of the Mortgag-
ed Property in extinguishment of such indebtedness, all
right, title and interest of the Mortgagor in and to every
such insurance policy then in force, subject to the rights
and interest of the holder of any such prior lien, shall pass
to the grantee acquiring title to the Mortgaged Property
together with such policy and appropriate assignment of such
right, title and interest which shall be made by the Mortga-
gor.
4. The Mortgagor will not voluntarily create, or permit or
suffer to be created or to exist, on or against the Mortgaged
Property, or any part thereof, any lien superior
of this Mortgage, exclusivto the lien
e of the lien, or liens (if an
to which this Mortgage is expresslykeep
and maintain the same free from claims sof�all�partieslkeep
supply-
ing labor or materials which will enter into the construction
or installation of property improvements. ion
warrants that 110 liens shall exist on the subjectproperty
except the following:
Y
Page 3 of 7
5. No subordinat:i.on of this Mortgage shall occur without the
prior written consent of the Mortgagee. Subordination shall
be contingent upon terms and conditions which are favorable
to the Mortgagee.
6. The Mortgagee, by any of its agents or representatives,
shall have the right to inspect the Mortgaged Property from
time to time at any reasonable hour of the day. Should the
Mortgaged Property, or.any part thereof, at any time require
inspection, repair, care or attention of any kind or nature
not provided by this Mortgage as determined by the Mortgagee
in its sole discretion, the Mortgagee may after notice to the
Mortgagor, enter or cause entry to be made upon the Mortgaged
Property and inspect, repair, protect, care for or maintain
such property, as the Mortgagee may in its sole discretion
deem necessary, and may pay all amounts of money therefore,
as the Mortgagee may in its sole discretion deem necessary.
7. Mortgagor shall, for the initial period of seven (7)
years, implement an Affirmative Marketing Policy that ensures
vacant units will be made available to all groups regardless
of race, gender, minority status or age. Such policy shall
include:
a). Use of Equal Housing Opportunity logo, slogan, or state-
ment in all advertising;
b). Display Fair Housing poster in rental office;
c). Maintain required affirmative marketing records on
racial, ethnic, and gender characteristics of tenants; copies
of rental advertisements; contact listing of -outreach efforts
in notification of vacancies;
d). Maintain compliance with the County of Monroe Fair
Housing ordinance.
8. The principal amount owing on the Note, and all other
amounts of money owed by the Mortgagor to the Mortgagee
pursuant to and secured by this Mortgage, shall immediately
become due and payable without notice or demand upon the
appointment of a receiver or liquidator, whether voluntary or
involuntary, for the Mortgagor or any of the property of the
Mortgagor or upon the filing of any petition by or against
the Mortgagor under the provisions of any State insolvency
law, or under the provisions of the then current bankruptcy
act, or upon the making by the Mortgagor of an assignment of
the Mortgaged Property for the benefit of the Mortgagor's
creditors or upon the issuance of a post judgment writ of
execution, attachment, garnishment or similar writ against
the Mortgagor. The Mortgagee is authorized to declare, at
its option and soli: discretiont all or any part of such
indebtedness immediately due and payable upon the happening
of any of the following events:
(a) Nonperformance by the Mortgagor of any covenant,
agreement, term or condition of this Mortgage, or
of the Note or of any other agreement heretofore,
herewith or. hereafter made by the Mortgagor with
the Mortgagee in connection with such indebtedness,
after the Mortgagor has been given due notice by
the Mortgagee of such nonperformance and the
Mortgagor has not fully cured such nonperformance
within the time period to be set forth in the
written notice of such nonperformance given by the
Mortgagee.
(b) Failure of the Mortgagor to perform any covenant,
agreement, term or condition in an creating a lien upon the Mortgaged Property, or any
part thereof, which shall have yeany
lien of this Mortgage. Priority over the
Pge 4 of 7
(c) Mortgagor's failure in any application of the
Mortgagor to the Mortgagee to disclose any fact
deemed by the Mortgagee to be material, or the
making therein, or in any of the agreements entered
into by the Mortgagor with the Mortgagee (includ-
ing, but not limited to, the Note and this Mort-
gage) of any misrepresentation by, on behalf of, or
for the benefit of the Mortgagor.
(d) Mortgagor has converted at any time during a ten
(10) year period following the completion of
Improvements, and/or -all of the dwelling units in
the Mortgaged Property to condominium ownership or
to any form of cooperative ownership wherein rents
are not affordable to lower income households (as
these terms "affordable" and "lower income house
holds" may be defined by Mortgagee).
(e) Mortgagor, at any time during a ten (10) year
period following the completion of Improvements,
has discriminated against or denied occupancy to
any tenant or prospective tenant by reason of their
receipt of, or eligibility for, housing assistance
under any Federal, State or local housing assis-
tance program; and/or has discriminated against or
denied occupancy to any tenant or prospective
tenant by reason that the tenant has a minor child
or children who will be residing with them, unless
the Mortgaged Property is one that is reserved for
elderly tenants only.
The Mortgagee's failure to exercise any of its rights
hereunder shall not constitute a waiver thereof. All the
events in this Paragraph enumerated upon the happening of any
of which the Note shall become, or may be declared to be,
immediately due and payable are in this Mortgage called
"events of default."
9. If all or any part of the Mortgaged Property or an
interested therein is sold or transferred by the Mortgagor
without the Mortgagee's prior written consent, excluding (a)
the creation of a lien or encumbrance subordinate to this
mortgage; (b) the creation of a purchase money security
interest for household appliance; (c) a transfer by devise,
descent, or operation of law upon the death of a joint
tenant; or (d) the grant of any leasehold of three (3) years
or less not containing an option to purchase, the Mortgagee
shall declare all the sums secured by this Mortgage to be
immediately due and payable in accordance with the Note,
Schedule A, hereto attached and made a part of. Mortgagee
shall have waived such option to accelerate if, prior to the
sale or transfer, Mortgagee and the party to -who the Mortgag-
ed Property is to be sold or transferred execute a written
assumption agreement acceptable to the Mortgagee. Notwith-
standing any assumption agreement, the Mortgagor will contin-
ue to be obligated under the note and this Mortgage unless
the Mortgagee releases the Mortgagor in writing.
10. Should the Mortgagor fail to perform any conversant,
agreement, term or condition of this Mortgage, or of the Note
or of any other agreement heretofore, here with or hereafter
made by the Mortgagor with the Mortgagee in connection with
such indebtedness, the Mortgagee may enter such property, and
let the same and collect all the rents therefrom which are
due or to become due, and apply the same, after payment of
all charges and expenses, on account of the indebtedness
hereby secured, and all rents and all leases existing at the
time of such default are hereby assigned to the Mortgagee as
further security for the payment of the indebtedness secured
hereby; and the Mortgagee may also dispose, b
y the
summary proceedings, and tenant defaulting in the paymentusual
any rent to the Mortgagee.
Page 5 of 7
11. In the event that the Mortgagor occupies the mortgaged
.property or any part thereof, the Mortgagor agrees to surren-
der possession of the property to the Mortgagee immediately
after any such default hereunder, and if the Mortgagor
remains in possession after such default, such possession
shall be as a tenant of the Mortgagee, and the Mortgagor
shall pay in advance, upon demand by the Mortgagee, as a
reasonable monthly rental for the premises occupied by the
Mortgagor, an amount at least equivalent to one -twelfth of
the aggregate of the twelve monthly installments payable in
the current calendar year,' plus'the actual amount of the
annual ground rent, if any, taxes, assessments, water rates,
other governmental charges, and insurance premiums payable in
connection with the mortgaged property during such year, and
upon the failure of the Mortgagor to pay such month rental,
the Mortgagor may also be dispossessed by the usual summary
proceedings applicable to tenants. This conversant shall
become effective immediately upon the happening of any such
default, as determined in the sole discretion of the Mortgag-
ee who shall give notice of such determination to the Mortga-
gor; and in the case of foreclosure and the appointment of a
receiver of the rents, the within covenant shall inure to the
benefit of such receiver or any other similar. The Mortgagor
will not, without the written consent of the Mortgagee,
receive or collect rent from any tenant of said premises or
any part thereof for a period of more than one month in
advance.
12. The Mortgagee in any action to foreclose this Mortgage
shall be entitled to the appointment of the receiver without
notice, a matter of right and without regard to the value of
the mortgaged property, or the solvency or insolvency of the
Mortgagor or other party liable for the payment of the note
and other indebtedness secured by the Mortgage.
13. No waiver of any covenant herein or of the Note secured
hereby shall at any time thereafter be held to be a waiver of
the terms hereof or of the Note secured hereby.
14. The Mortgagor and all covenants, agreements, terms and
conditions herein contained shall be binding upon and insure
to the benefit of the Mortgagor and the heirs, legal repre-
sentatives and assigns of the Mortgagor, and, to the extent
permitted by law, every subsequent owner of the mortgaged
project, and shall. be binding upon and inure to the benefit
of the Mortgagee and its assigns. If the Mortgagor, as
defined herein, consists of two or more parties, this Mort -
jointly and severally,
gage shall constitute a grant and mortgage by all of them
and they shall be obligated jointly
and severally under all the provisions hereof and under the
Note. The word "Mortgagee" shall include any person, corpor-
ation or other party who may from time to time be the holder
of this Mortgage. Wherever used herein the singular number
shall include the plural; the plural number shall include the
singular, and the use of any gender shall be applicable to
all genders wherever the sense requires.
Unles
wise
or requestsunderrthis Mortgaee bmuslaw,
any notice or demand
may be delivered in person or by certified ddmail. Notice toe in writing
the Mortgagee shall be delivered to the following address:
The Monroe County Housing Authority
1400 Kennedy Drive
Key West, Florida 33040
Notice to the Mortgagor shall be delivered to t
address noted in this Mortgage. Change of address for n he
may be submitted at any time. otice
Page 6 of 7
The recitals contained herein are true and correct.
Notwithstanding anything to the contrary contained herein
Mortgagor agrees to comply with all terms and conditions of
the Note.
IN WITNESS WHEREOF, the Mortgagor
hand the day and the ear first above
Wit Mess o Signature MO T.I
ne s as to Signature M g,
has hereunto set his
m4-1 f- f- Alan _ i _
W ness as to Signature Mortgagor
State of _ tc— �/
County of
The foregoing instrument was acknowledged before me this
day of it L , 1911 by my witness
and official seal.
MY Commission_ expires
RENTAL.REHAB/COUNTYMRTG.2/91
Page 7 of 7
The recitals contained herein are true and correct.
Notwithstanding anything to the co,itrary contained herein,
Mortgagor agrees to comply with ail terms and conditions of
the Note.
IN WITNESS WHEREOF, the Mortgagor has hereunto set his
hand the day and the year first above itten.
ness as to Signature ;MORTGAGOR
With as to gSinature 'Mortgagor
Witness as to Signature Mortgagor
State of
County of
City of
e foregoing instrument was acknowledged before me this
an ofticialyseal.-11 19 ��Y my witness
My Commission expires
�In/yy4'VVVJVV�M•1h�Mp/`rl.��1NVi�.'V%n:'.�`�
P MELA A. M,On"UI,Op,c( r
f"xlx;Y P1rO' ;C—r'1;P! [SOTA
' HENNEW-1 COUNTY
61y Cornmission Expires "Aar, 26, 1Jyii;
ry V\rv"' VMM 7"'
M
RENTAL.REHAB/COUNTYMRTG.2/91
Page 7 of 7
The recitals contained, herein are true and correct.
Notwithstanding anything to the contrary contained herein
Mortgagor agrees to comply with all terms and conditions of
xthe Note.
IN WITNESS WHEREOF, the-14ortgagor has hereunto set his
hand the day a d the year first ab a writt . i
it ess t to nature �' .M TGAGOR
Witness as to Signature Mortgagor
Witness as to Signature
State of
County of _ 1
City of
Mortgagor
e foregoing ins-rument was acknowledged before me this
day of , 194/4X2 by my witness
an of icial seal.
e
XAAAAAAAAA,AAAAAAMIAAAAAAA AAA.AAA��,�QAX
a
S o Q a ANGELA M. HENDEPSON
a 3„0 NOTARY PUBLIC •MINNr50TA
HENNEPIN COUN-ly
My Commlaslon Expires
My Commission expires
RENTAL.REHAB/COUNTYMRTG.2/91
Page 7 of 7
E
PROMISSORY NOTE
COUNTY OF MONROE
rnri�� i�r
PROPERTY ADDRESS Sea Crest of Marat m, . 204 91 ct Straps NhCdthm Florida
,.
For value received, the undersigned (hereafter the
Mortgagor) jointly and severally promise(s) to pay to the
order of the County of Monroe (hereafter the Mortgagee) or
its successors, the principal sum of ;,,pp
payable at the Monroe County Housing At�orii y, 1400 Kennedy
Drive, Key West, FLorida, 33040, or at such other place as
may be designated by the Mortgagor.
This note is secured by a Mortgage of even date duly
filed for record in the official Public Records, Monroe
County, Florida.
The entire amount of the loan will be forgiven over a
ten (10) year period, described below, as Schedule "A",
incorporated herein, provided that the Mortgagor complies
with all the terms and conditions of the Mortgage referenced
above. Should the Mortgagor not comply, the Mortgagee may
demand repayment in accordance with the Mortgage terms.
Unless prepaid, this Note shall be released by the Mortgage
on the 1st day of , 20(. The
anniversary of this Not; shall e t e lot day of Dsca
of each year.
The loan evidenced by this Note may be asmigned and/or
assumed: PROVIDED, that any and all terms and conditions
shall remain in full force and effect for any assignee or
successor to the Mortgagor and such assignee or successor
shall assume all duties and obligations of the Mortgagor as
described herein.
In the event of sale, and the loan evidenced by this
Note is not assumed, the following payment schedule shall
apply:
Schedule "All
Amortization of Loan
YEAR-.ANNIV
DATE
LOAN AN1T
DEFERRED %
DEFERRED AMT
PAYOFF
2
3
W1/92
1V1/93
$28,000.00
$2%000.00
-0-
-a
-0-
$28,000.00
4
$281000.00
-0-
-0-
$282000.00
5
6
12/1/95
12111%
$282000.00
$232800.00
15'/
1S/
4,200.00
$23,800.00
7
12/1/97
$192600.00
LS/
42200.00
4 200.00
$192600.00
8
ivi/98 /99
$15900.00
$119200.00
L�;
15'/
49200.00
$11,200.00
9
10
12/1/2000
$ 7,000.00
1S/
4200.00
4,200.00
$ 7,000.00
$ 2,800.00
12/1/2001
$ 29800.00
10r/
218OC.00
$ -0-
The deferred amount is forgiven
There are no prorations for partial
on the anniversary date.
years of participation.
Any forbearance by the Mortgagee with respect to any of
the terms and conditions of this Note in no way constitutes a
waiver of any of the Mortgagees rights or privileges granted
hereunder. Any written notice or payment of one party to the
other shall be addressed to the parties as follows:
The Mortgagee:
County of Monroe
(Attention) Monroe County Housing Authority-
1400 Kennedy Drive
Key West, Florida 33040
The Mortgagor (s) : T mOcbre Dentis, Karen Farley Wilk son, & Robert W. Pode, Jean McDermid,
Gaul Partners, in Sea O est of Marathon, a
areml Partnership
The Mortgagor, or his/her executor in the event of
death, shall notify the Mortgagee of the name and address of
any successor to or assignee of the Mortgagor.
The Mortgagor reserves the right to prepay at any time
all or any part of the remaining balance of this Note without
the payment of penalties or premiums.
If suit is instituted by the County of Monroe to recover
on this Note, the Mortgagor agrees to pay all costs of such
collection, including reasonable attorney's fees and court
costs.
Upon satisfactory completion of all terms and conditions
of this Note by the Mortgagor or upon payment of any and all
balance due, the Mortgagor shall be entitled to a release and
satisfaction of this Note by the Mortgagee at the Mortgagor's
own expense.
In witness whereof this Note has been duly executed by
the undersigned, as of this date:
WITNESS DATEPISEAL BORROWER nATF. crr.nr. /
3 q!
WITNESS DATE SEAL
I�.♦ la 1 %.`I
RENTAL.REHAB/COUNTYNOTE.2/91
Page 2of 2
DATE SEAL
The Mortgagee:
County of Monroe
(Attention) Monroe County Housing Authority
1400 Kennedy Drive
Key West, :.Florida 33040
The Mortgagor (s) : Mmodore Danti.s, Karen Farley Willcscn, & RQbert W. Rrde, Jean McDermid,
General Partners, in Sea Q:est of M radw, a
Oral Park
The Mortgagor, or his/her executor in the event of
death, shall notify the Mortgagee of the name and address of
any successor to or assignee pf the Mortgagor.
The Mortgagor reserves the right to prepay at any time
all or any part of the remaining balance of this Note without
the payment of penalties or premiums.
If suit is instituted by the County of Monroe to recover
on this Note, the Mortgagor agrees to pay all costs of such
collection, including reasonable attorney's fees and court
costs.
Upon satisfactory completion of all terms and conditions
of this Note by the Mortgagor or upon payment of any and all
balance due, the Mortgagor shall be entitled to a release and
satisfaction of this Note by the Mortgagee at the.Mortgagor's
own expense.
In witness whereof this Note has been duly executed by
the undersigned, as of this date:
AA
G f�GE'
AN(3ELA M. HENDE EAIi B ROWER DATE SEAL
a% `« NOTARY PUBLIC. MINNESOTA
HENNEPIN COUNTY
` My Commission Expires May 20,1997
WITNESS DATE SEAL
ELvN-10C I. I
RENTAL.REHAB/COUNTYNOTE.2/91
BORROWER DATE SEAL
Page 20 2
The Mortgagee:
County of Monroe -
(Attention) Monroe County Housing Authority
1400 K...nnedy Drive
Key West, Florida 33040
The Mortgagor (s) : Theodore Danti.s, Karen Farley Wilkson, & Robert W. Rode, Jean A1cDermid
Gaul Partners, in Sea Q:est of hhradmn, a
General Partnership
The Mortgagor, or his/her executor in the event of
uoeth, shall notify the of the na:1-ka and c,f
any successor to or assignee of the Mortgagor.
The Mortgagor reserves the right to prepay at any time
all or any part of the remaining balance of this Note without
the payment of penalties or premiums.
If suit is instituted by the County of Monroe to recover
on this Note, the Mortgagor agrees to pay all costs of such
collection, including reasonable attorney's fees and court
costs.
Upon satisfactory completion of all terms and conditions
of this Note by the Mortgagor or upon payment of any and all
balance due, the Mortgagor shall be entitled to a release and
satisfaction of this Note by the Mortgagee at the Mortgagor's
own expense. '
In witness whereof this Note has been duly executed by
the undersigned, as of this date:
7 E DATE SEAL % BO OWER DATE SEAL
a.
WITNESS DATE SEAL BORROWER DATE SEAL
W USS
❑4 SFAL
RENTAL.REHAB/COUNTYNOTE.2/91
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