HomeMy WebLinkAboutPre-Legislationd-86-1224•
12/19/88
RESOLUTION NO. 85.71234
A RESOLUTION ALLOCATING $300,000 OF COMMUNITY
DEVELOPMENT BLOCK GRANT FUNDS TO THE LITTLE
HAVANA ACTIVITIES AND NUTRITION CENTERS OF
DADE COUNTY, INC., FOR THE PURPOSE OF
ACQUIRING A BUILDING LOCATED AT 700 S.W.
EIGHTH STREET; SAID ALLOCATION CONDITIONED ON
SAID AGENCY SECURING A GRANT IN AN EQUAL
AMOUNT FROM THE STATE OF FLORIDA; FURTHER
CONDITIONING SAID ALLOCATION ON SAID AGENCY
DEMONSTRATING THE ABILITY TO CONTINUE
OPERATING ITS PROGRAM WITH CURRENT RESOURCES;
FURTHER AUTHORIZING THE CITY MANAGER TO ENTER
INTO AN AGREEMENT WITH THE AFOREMENTIONED
AGENCY IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Seotion 1. $300,000 of Community Development Block Grant
Funds are hereby allooated to the Little Havana Activities and
Nutrition Centers of Dade County, Ina. for the purpose of
acquiring a building located at 700 S.W. Eighth Street that will
house the Senior Center that provides meals and other services to
elderly City of Miami residents and to assist in seouring the
economic well-being of the East Little Havana area of the City of
Miami.
Section 2. The herein allocation is conditioned upon said
agenoy securing a grant in an equal amount from the State of
Florida or other source and upon said agenoy demonstrating the
ability to operate from its new building with existing resources.
The City shall be entitled to the return of its herein grant on a
first priority basis from the agenoy's reoeipt of sale prooeeds if
the building being acquired by the agency is ever sold; further,
in the event of such sale, the City shall also be paid a pro rata
share of the building's inoreased valuation as a form of interest
upon the City's herein grant of monies, said pro rata share as
interest not to exoeed 16%.
CITY CONiMISSIQN 1
MEETING OF
DEC 19 t995 ^q
RESOLUTION NOSS--1234
REMARKS
T 11 it
PASSED AND ADOPTED this 19th day of December , 1986.
ltiY.tlt�
XA IER L. SUAR Z, MAYOR
AT Th ST :
TATTY HIRAI
CITY CLERK
PREPARED AND APPROVED BY:
.')
rt 4
ROBERT F. CLARK
CHIEF DEPUTY CITY ATTORNEY
APPROV AS TO PO • ;?Se` CORRECTNESS:
LUCIA A. DOUGHERT
CITY ATTORNEY
RFC/rr/301
AN
CITY OF MIAMI. FLORIDA
INTER -OFFICE MEMbRANbUM
45
To Honorable Mayor and
Members of the City Commission
rRo"Cesar H. Odi`. '
City Manager
December 12, 1985
DATE•
sueJEcr Resolution Allocating
$300,000 to the Little
Havana Activities and
Nutrition Centers of
RErERENCE9: Dade County
ENcLosuREfJecember 19, 1985
Commission Agenda
It is recommended that the City Commission
adopt a resolution allocating $300,000 of
Community Development Block Grant funds to
the Little Havana Activities and Nutrition
Centers of Dade County, Inc., to acquire a
building in the East Little Havana area.
The Little Havana Activities and Nutrition Centers of Dade County,
Inc., has requested $300,000 from the City of Miami for the
acquisition of a building located in East Little Havana. This
building would be used to house the Senior Center that provides meals
and other services to elderly City of Miami residents. Acquisition
of the building would also assist in the revitalizaiton of an area of
the City which is targeted as a priority for economic development.
The agency proposes to match the $300,000 requested with funds from
the State of Florida and private donations to acquire the building.
The Little Havana Activities and Nutrition Centers has been serving
the City of Miami since 1973. Its primary focus is providing meals
and other services to approximately 13,000 elderly persons each year.
In addition, the agency provides employment and training services for
individuals of all ages, refugee services, day care - afterschool
care and an art center for local artists and craftsmen. The agency
currently has an operating budget of nearly $3 million dollars from
Federal, State, Local and private funds.
The agency has occupied its current site since 1974. In recent years
the volume of services has led to serious overcrowding conditions
that come close to violating safety and health regulations.
To alleviate this situation, the agency proposes to acquire a
facility located at 700 S.W. Eighth Street (which was previously used
as a high school). The building has been well maintained and would
require only minor improvements. The cost of acquisition and
improvement is estimated at $800,000. The agency has secured
$140,000 from the State of Florida through Title IIIB of the Older
Americans Act. These funds must be contracted by December 31, 1985
Page 2
RE: Resolution Allocating $300,000
to the Little Havana Activities
and Nutrition Centers of Dade
County, Inc.
December 12, 1985
or reallocated elsewhere. An additional $160,000 has been committed
from the State with the condition that the organization obtain
matching funds from the City of Miami. The $300,000 requested from
the City would match the State funds. The remaining $200,000 would
be in the form of donations and/or private contributions made to the
agency and applied toward the purchase price.
It is recommended that $300,000 be allocated to assist in this
acquisition, contingent on the allocation of State funds in an equal
amount, and conditioned on the agency demonstrating its ability to
operate from the proposed facility. This allocation of $300,000 is
only authorized for capital acquisition and does not affect the 15%
cap imposed for social services programs.
It should be noted that the acquisition of this facility will not
only insure the continued provision of quality services to an
underserved area of the City, but could also serve as the impetus
needed toward promoting the economic revitalization of East Little
Havana.
The attached resolution allocates $300,000 of Community Development
Block Grant funds subject to the conditions outlined above. Also
attached is a copy of the application from the little Havana
Activities and Nutrition Centers of Dade County, Inc., a letter of
support from the Little Havana Development Authority, and the
commitment letter for the $300,000 from the State.
Enclosures
FACE SHEET
TITLE OF PROJECT: "VILLANUEVA"
TYPE:
APPLICANT:
CONTACT PERSON:
TOTAL AMOUNT: $800,000.00
AMOUNT REQUESTED
FROM CITY: $300,000.00
Match for Building Acquisition
Little Havana Activities and Nutrition Centers
of Dade County, Inc.
819 S.W. 12 Avenue
Miami, Fi. 33130
Josefina Carbonell
Executive Vice -President
(305) 858-0887
iq
1956 NAY -5 PH 3 t8
REIc 12877n 4233
GR 1 l} 3898
MORTGAGE
EXHIEBIT 1I
This Mortgage made on this C4 day of , 1986,
by and between Little Havana Activities and Nutriti Centers of
Dade County, Inc., hereinafter called, "Mortgagor", residing at
824 S.W. 7th Avenue in the City of Miami, County of Dade and
—State of Florida, and the City of Miami acting by and through the
Director of the Department of Community Development or its
successors, hereinafter called "Mortgagee."
WXTNESSETH, that to secure the payment of an indebtedness in
the principal amount of Three Hundred Thousand ($300,000) dollars
with interest thereon, which shall. be payable in accordance with
a certain Promissory Note, which Promissory Note is hereinafter
called' "Note", bearing even date herewith, a. true and correct
copy of which, exclusive of the signature of the Mortgagor, is
attached hereto and made part hereof a= .,Schn, 10 "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 situated in
the City of Miami, County of Dade, State of Florida bounded and
described as follows:
Lots 1 and..2, less the North ten feet;
and all of Lots 19 and 20, Block 63 S,
CITY OF MIAMI, according to the Plat
thereof, recorded in Plat Book B Page
41, Public Records of Dade County,
Florida
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 now or
hereafter attached to, or used in, or 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
Q the purposes for which they were or are to be erected or
installed, including, but not limited to, all fixtures, and all
replacements thereof and additions thereto, whether or not the•
ame are or shall be attached to such land, buildings or
tructurea in any manner;
TOGETHER with any and all 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 cdllect 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 deliver any and all assignments and other instruments
sufficient for the purpose of assigning each such award to the
ortgagee, free, clear and discharged of any encumbrances of any
ind or nature whatsoever; and
TOGETHER with all right, title 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, awards and other rights
and interest being hereinafter collectively called the "Mortgaged
Property");
REC l 28 1 p� 4234
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 net forth.
AND the Mortgagor further covenants and agrees with the
Mortgagee, as follows:
1. The Mortgagor will promptly pay the principal of and
interest on the indebtedness evidenced.by the Note, and all other
charges and indebtedness provided therein and in this Mortgage,
and further agrees to modify or amend the terms of this Mortgage
and/or Note as may be required by the Mortgagee in order to
comply with applicable Federal, State or local law.
2. The Mortgagor will promptly pay when due, as hereinafter
provided, all taxes, assessments,water rates and other
governmental charges, fines and impositions, of every kind and
nature whatsoever, now or hereafter imposed on the mortgaged
property, or any part thereof, and will pay when due every amount
of indebtedness secured by any lien to which the lien of this
Mortgage is expressly subject.
3. This Mortgage and the Note were executed and delivered
to secure moneys provided to the Mortgagor by the Mortgagee as or
on account of a loan evidenced by the Note for the purpose of
purchasing the described premises.
4. No building or other structure, improvement, or fixture
mortgaged hereby shall be removed or demolished without the prior
written consent of the Mortgagee. The Mortgagor will not make,
permit or suffer any alteration of or addition to any building or
other structure or improvement now or which may hereafter be
erected or installed upon the Mortgaged Property, nor will the
Mortgagor use, or permit or, suffer the use of, any of the
Mortgaged Property for any purpose other than the purpose or
purposes for which the same is now intended to be used, without
the prior written consent of the Mortgagee. The Mortgagor will
maintain the Mortgaged Property in good condition and state of
repair and will not Buffer or permit any waste to any part
thereof, and will promptly comply with all the requirements of
federal, state and local governments,' or of any departments,
divisions or bureaus thereof, pertaining to such property or any
part thereof.
5. 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 to the lien of
this Mortgage, exclusive of the first mortgage lien held by
Consolidated Hank of Miami, to which this Mortgage is expressly
subject, as set forth in the granting clause above, and will keep
anal maintain the eAme free from the claims of all partiee
supplying labor or materials which will enter into the
construction or installation of the Improvements.
6. To the extent permitted by law, all of the' personal
property described in the mortgage shall be deemed to be fixtures
and part of the real property.
7. (a) Mortgagor will 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, 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 less 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 such
insurance, and promptly submit to the 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 inaurance required hereby if such premium has not been
paid when due as required by this Mortgage, in which event the
-2-
REc 1287T PC 4235
Mortgagor will pay to the Mortgagee every premium so paid by the
Mortgagee. Unless otherwise required by the Mortgagee, all such
insurance shall be effected by Standard Fire and Extended
Coverage Insurance policies, in amounts not less than necessary
to comply with the coinsurance clause percentage of the value
applicable to the location and character of the property to be
covered. All such insurance shall be carried in companies
approved by the Mortgagee and all policies therefore shall be in
such form and 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.
(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. Notice shall be given within five days of such loan.
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, may be applied by the Mortgagee, at its option,
either in reduction of the indebtedness hereby secured, or to the
restoration or repair of the Mortgaged Property damaged. In the
event of foreclosure of this Mortgage, or of any transfer of
title to the Mortgaged 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 Mortgagor.
8. The Improvements and all plans and specifications
therefor shall comply with all applicable local ordinances,
codes, regulations and rules made or promulgated by lawful
authority, including without limitation the South Florida
Building Code, and upon their completion, shall comply therewith
and with the rules of the "Board of Fire Underwriters having
jurisdiction .
9. 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 therefor, as the Mortgagee may in its
sole discretion deem necessary.
10. The principal amount owing on the Note together with
interest thereon and all other charges, as therein provided, and
all other amounts of money owing 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
-3-
Property for the benefit of the !Mortgagor's creditors. The
Mortgagee is authorized to declare, at its option, 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 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 written or oral notice by the Mortgagee
or its agent, of such nonperformance and provided such
default is not cured or commenced to be cured in a
reasonable time as set forth in the Notice;
(b) Failure of the Mortgagor to perform any covenant,
agreement, term or condition in any instrument creating
a lien upon the Mortgaged Property, or any part
thereof, which shall have priority ever the lion of
this Mortgage;
(c) The Mortgagee's discovery of the 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 (including, but not limited to, the Note and
this Mortgage) of any misrepresentation by, on behalf
of, or for the benefit of the Mortgagor;
(d) The sale or other transfer of any kind or nature of the
Mortgaged Property, or any part thereof. The
Mortgagee's failure to exercise any of its rights
hereunder shall not constitute a waiver thereof;
(e) Any dissolution of the Mortgagor, Little Havana
Activities and Nutrition Centers of Dade County, Inc.
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".
11. The Mortgagee may from time to time cure each default
under any covenant or agreement in any instrument creating a lien
upon the mortgaged property, or any part thereof, which shall
have priority over the lien of this Mortgage, to such extent, as
the Mortgagee may exclusively determine, and each amount paid, if
any, by the Mortgagee to cure any such default shall be paid by
the Mortgagor to the Mortgagee, and the Mortgagee shall also
become subrogatnd to whatever rinhte the holder of the prier lien
might have under such instrument.
12. (a) As additional security, Mortgagor hereby assigns
transfers and confers to Mortgagee any and all leases affecting
the Property as well as the right, power and authority, during
the continuance of this Mortgage, to collect the rents, issues
and profits of said Property, reserving unto Mortgagor the right,
prior to any default by Mortgagor in payment of any indebtedness
secured hereby or in performance of any agreement hereunder, to
collect and retain such rents, issues and profits as they become
due and payable, and the Mortgagor shall not further assign nor
encumber the rents, profits and income of the Property or any
part thereof, without the prior written consent of the Mortgagee.
Upon any such default, Mortgagee may at any time without notice,
either in person, by agent, or by a receiver to be appointed by a
court, and without regard to the adequacy of any security for the
indebtedness hereby secured, enter upon and take possession of
the Property or any part thereof, in its own name sue for or
otherwise collect such rents, issues and profits, including those
pa -at due and unpaid, and apply the same, less costs and expenses
of operation and collection, including reasonable attorneys' fees
upon any indebtedness secured hereby and in such order as
RV i 2877PG 4237
Mortgagee may determine. The entering upon and taking possession
Of the Property, the collection of such rents, issues and profits
and the application thereof as aforesaid, shall not cure'or waive
any default or notice of default hereunder or invalidate any act
done pursuant to such notice and the enforcement of such right or
remedy by Mortgagee once exercised shall continue for so long as
Mortgagee shall elect notwithstanding that the collection and
application aforesaid of such rents, issues and profits of the
• Property may have cured for the time -the original default. If
Mortgagee shall thereafter elect to discontinue the exercise of
any such right or remedy, the same or any other right or remedy
under this Mortgage may be reasserted.at any time and from time
to time following any subsequent default. .Prior to entering into
any'eubleases of any portion of the property, Mortgagor agrees to
obtain City's written approval to any sublease and execute an
assignment of rents and lease agreement.
(b) in the event that the Mortgagor occupies the Mortgaged
Property or any part thereof, the Mortgagor agrees to surrender
possession .of such property to the Mortgagee immediately after
any such default hereunder, and if the Mortgagor remains in
possession after such default, the Mortgagor may also be
dispossessed by the usual summary proceedings applicable to
tenants. This covenant shall become effective immediately upon
the happening of any such default, as determined in the sole
discretion of the Mortgagee, who shall give notice of auch
determination to the Mortgagor; and in the case of foreclosure
and the appointment of a receiver of the property, the within
covenant shall inure to the benefit of such receiver.
13. The Mortgagee in any action to foreclose this Mortgage
shall be entitled to the appointment of a receiver without notice
as 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 this Mortgage.
14. The Mortgagor, within ten (10) days upon request in
person or within twenty (20) days upon request by mail, will
furnish promptly a written statement in form satisfactory to the
Mortgagee, signed by the Mortgagor and duly acknowledged of the
amount then owing on the Note and other indebtedness secured by
this Mortgage, and whether any offsets or defenses exist against
such indebtedness or any part thereof.
A 15. The Mortgagor will
give immediate notice by registered
or certified mail to he Mortgagee of any fire, damage or other
casualty affecting the Mortgaged Property, or of any conveyance,
transfer or change in ownership of such property, or any part
thereof.
Notice and demand or request shall be made in writing
and may be served in person or by mail.
17. In case of a foreclosure sale of the Mortgaged
Property, it may be sold in one parcel.
18. The Mortgagor is lawfully seized of the Mortgaged
Property and has good right, full power and lawful authority, and
will warrant and defend the same to the Mortgagee forever against
the lawful claims and demands of any and all parties whatsoever.
19. This Mortgage and all the covenants, agreements, terms
and conditions herein contained shall be binding upon and inure
to the benefit of the Mortgagor and the heirs, legal
representatives and assigns of the Mortgagor, and to the extent
permitted by law, every subsequent owner of the Mortgaged
Property, 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 Mortgage shall
constitute a grant and mortgage by all of them jointly and
severally, and they shall be obligated jointly and severally
-5-
AEC 12871pp 4236
under all the provisions hereof and under the Note. The word
"Mortgagee" shall include any person, corporation 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
senae requires.
20. This Mortgagee is also .-given for the purpose of
securing future advances which the Mortgagee may make to the
Mortgagor pursuant to the terms and provisions of the Agreement
between the Mortgagee and the Mortgagor dated which ie deemed to
.be incorporated by reference.
IN WITNESS WHEREOF, this Mortgagee has been,;duly signed and
sealed by the Mortgagor on or as of the day and year first above
written.
WTTNESSESS:
STAT OF FLORIDA )
COUNTY OF DADE )
MORTGAGOR: Little/Havana Activi-
ties and Nut it on Centers of
Dade County, I c.
BY:
Vice-P e=ident
ATTEST:
4,.„e
,.....
Coporate Secrotav +- V - •
:v' V 4
.J.
dl !!
Before me personally appeared each known to me, who, having
.been dully sworn acknowled ed!! beforg me that the foregoing
Agreement was executed -by 11// ee,e6 6;,re , as Vice -President
and by /1/142/,4..b/;" , as Secretary, on behalf of LITTLE HAVANA
ACTIVITIES AND NUTRITION CENTERS OF DADE COUNTY, INC., a Florida
corporation.
IL
frill;
at Miami, Dade County, Florida, this O- day of
i , 19B6.
D�V�r
••�-r4_;•c._ _.. to
ion expires.,
_Su 190
boo
til'AII'lpi
NOTARY PUBLIC, STATE CjFr FLORIDA
AT LARGE
-6-
Schedule A
REC 12877FG 4239
PROMISSORY NOTE
EXHIBIT II
Miami, Florida •
Amount: Of34-0/S•�'o• 4 _. Dat
e= Via, /986
FOR VALUE RECEIVED, the undersigned promisee to pay to the
order of the City of Miami, Florida, (herein called the "CITY")
acting •by and through its City Commission and Department of
Community Development, the principal sum of Three Hundred
Thousand Dollars ($300,000.00) with interest payable at the rate
of Twelve per centum (12%) per annum accrued interest.from date
of default, if any one of the following conditions occur:
(1) Fails to provide meals and
other services to elderly
residents at the property located
at 700 Southwest 8th Street and
824 Southwest 7th Avenue, Miami,
Florida.
(2) Transfers title to the
property located at 700 Southwest
8th Street and 824 Southwest 7th
Avenue, Miami, Florida, for which
a Mortgage secured by this
Promissory Note has been recorded,
which title is currently vested in
the undersigned as Little Havana
Activities and Nutrition Centere
of Dade County, Inc.
(3) Any dissolution of the Little
Havana Activities and Nutrition
Centers of Dade County, Inc.
(4) Fails to comply with any
term, condition, agreement or
covenant contained in the Mortgage
which has been recorded and is
secured by this Promissory Note.
(5) Fails to comply with any
term, condition, agreement or
covenant contained in the
Agreement between the City of
Miami and the Little Havana
Activities and Nutrition Centers
of ad County, Inc. dated
IN THE EVENT of failure to comply with the above conditions,
the entire principal amount of this Note, as reduced in
accordance with the following paragraph, together with accrued
interest, shall become due and payable at the option of the City
without notice to the undersigned. Failure of the City of
exercise such option shall not constitute a waiver of such
default.
IF this Note be reduced to judgment, such judgment should
bear the statutory interest rate on judgments.
IF suit is instituted by the City to recover on this Note,
the undersigned agree(a) to pay all costs of such collection
including reasonable attorneys' fees and court costs.
THIS NOTE is secured by a mortgage duly filed for record in
the Official Public Records, Dade County.
wE� I28771 4240
DEMAND, protest and notice of demand and protest are hereby
waived, and the undersigned hereby waives, to the extent
authorized by law, any and all homestead and other exemption
rights which otherwise would apply to the debt evidenced by this
Note.
IN WITNESS WHEREOF, this Note has been duly executed by the
undersigned as of its date.
MAKER: Little Havana Activi-
- ties and Nutrition Cen-
ters f Dade County,
Inc.
BY:
Vic
ATTEST:
- 2 -
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