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PROVIDED, ALwAYS, th:t if the Moxtgetaor ~11 pay unto the Mortgagoe the indcbiedneee cvidcnce~l by a
certain pmsniesory note of wliieh the followin6 in waade aad figures ie a true copy tawit:
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Mo~fqoqs /Yol.
; 2~63S.t~0 Miami, ~lori~ia ~1_ 19
FOR VALUE RECEIVED Y~,~.,.~41]atly ~1~d •hl~x'a11Y promisetopay
to the order of t,~~4 ~~I~ ,,;l~t~: i:~ w-
the principal sum of T'YO 1'HOUSA3~D~ SIJi. idtJ~iDK~:3? 'T'1r]~1iTX-l,ZYS llOLI.ARS, together with interest
thereon from ciate at the rate of ten percent. per annum until maturity, both principal anci interest being payable in ~
lawful money of the United States at 20~ Roper Building, Miami, Florida. nr at such other place as the holders h~reof may
desi~nate in writing. Principal and interrsc payable in instalimenu as follows:
Fift'r-Fiv (=35.00) Dollarr p~r aoath bkiaai.ng oa th•
lst2i daJ of ~ul~, 1965. ~ aoatinui~ oa th~ ls~h d:7 ~
t of saa2~ a~dt s~rer~? ~r~ath th~r~aft~r nu~ttil pwid ia f1a11.
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'I'tiis note ~n~ty be ~>reE~aicl i?i tivh<~le ur in ~rirt atter on~ ye:u• trcin~ the d.ite hereuE iaE~on pay~~ient o[ a~>enalty
eyui~~3lent to tw•o percent ut the principal sum Nrepaid.
Each installment payment shall be credited first on the interest due, and the remaincier on ~rincipal; and interest
shall thereupon cease upon the principat so tredited.
The makers and endorsers nf this note further agree to waive demand, notice oE non-paymen[ and prutest, and
in the event suit shail be brought for the collection hereof, or the same has to be collected upon demand of an attorney,
to pay reasonable attorney's fees for making such collection.
DeEerred payments hereunder shall bPar interest at the rate oE ten percent. per annum from macurity until paid.
This note is secured by a mortgage of even date herewich and is co be construed and enEorced accarding to the laws
of the State of Florida; upon default in the payment of principal and/or interest when due, the whole sum oE principal
anct interest r~maining unpaid shalt, at the option of the holden, become immediaeely due and payable.
~ . J ~,.~::.:15 ~ (SEAL)
~~..~;~;1: ~:,:Z.~-- - (SEAL)
and aF~all perform, comply with and abide by each and every the atipulatione, agreemente, conditious swd covenanta of
aaid promieaor~- note and of thie dr,ed, 4hen thie deed and the eetate th~reby cmated shall ceaee and be nnll and void.
1. The Mort~agor hereby covenante and agx~eea:
'To pry a11 and ein6ular the principal and ioterest ~nd othtr rums ot moa~ey paya,ble by cirtue of eaid promiaeory nute and thia
deed, or tither, prompdy on the da7~ rdpestively the same ievelally betomes due.
(b) °To permi~ commit or ~u~er aa wiute ant~ to maint~in the improvements rt all times in a etate of auod repair IIYd tOqditi0l7; and
to do or pcemit to be tione to wid prem9ses nothind that aill alter or ehsn6e the net aad eturscter of ~aid psnpert7 or in anY way
impaie or weakcn the strarity thie mort~~t. And in we o( tbe rttaa~l, ae~leet or inabilit~ ef tlx Mart~6or to rcpair and mainuin
saed pruperty, the Mort6s6ee aiar, at 6is option, make sneh repairs or uwe tLe w~ne to be enade, aud sdranee moae~s in tLat behalf.
(c) '1'o pay all and ~inaular the taxa, a~ecasmcnu, leviea, li~bilitiea, md obli6atione ot eve~ natnre on wid deseribed pteperty ea~h
and evcry when dut and pa~~ble itrordin6 to l~w, bdore tbt~ beeonne delfinquent, and to ,dtliver to tLe Mort~aaee on or before March
l~th of each year !as reeeipu evideuciu~ tLe psymtat o( dl 4wfuqr impwed tase~ for tl~t pretedin; ealesdar ycar; to indemnify the
HortEaRee upon his dem~ad for all taate, aasessments and eLar6es that may be ~asaaed upon tbu moR6sae on the iadebtedaeae necured
hereby~ xnd paid b~ the mortRa~ee, wi~hont re6ard to ~n~ ~ew beretofere enACted or here+fter to be enacted impoeio6 paTment of the
whole or any part thereof upon the Mortgagee.
i d) To paq a11 and tin6ular the coets, characa Rnd espen~ts, iu~luding lawyen' fee~ and ~betrsct caete ressonably inearred or paid •t
any time b7 thr Mort6a~ee becauae o~ the [Ailure on the p~rt of the ]~Iort~uEor to perform, con~ply witb ond abide by tach and e~ery
the etipulations. e~rcemeota, conditionE and co~raanue ot eaid promiaeory note rad this deed, ~r eit6er, and every eu~h p~y~nent ehall
be~r interest from ciate ~t the ratr of ten per centum per annwn.
(e) It ie further covenanted ¦nd eFreed by eaid partiee tLat in the event of a suit beinR inetituted to foreclose ihis mon~ae, the ~4ort-
R~~ee shall be entided to apply ¦t an~ time peadiu6 soch fQreelaure sait to tbe court havia6 jurisdiction eberenf for tLe ~ppointmeei
of a receivcr of ¦l! and ain~ttlar the mort6a6ed propertr, and of all renu. incomes, p~o5ta, i~suet ~nd seveauee ihereof, from whauoever
anurce derived; and thereupon it ie hereby expreselp eovcruoted and a6reed that the Court ehall forthwith sppoint ench reeeiver with
the ueual powera and dutice of receiver6 in like easea; aad wid tppoiatment ehall be mede by the conrt ae a mauer of etrict right to
the '.VtortKagee, and without rcfcrcnce ta the adequacy or inadeqnacy of tl~e va)ut oF the propertp he~eby niort6aged, or to the eolvency
or ineolv..ncy of the !MCnrtgagots or any other party defendant tu euch euit. Thc• ?I~ort~Xor hereby epetifieally waivee thc right to
obj~ct to the appointment of a reeei~~er as afuresaid snd Lereby ecpree~ly cartaents that ear.h appointment shall bt made ae an admitted
equity and aa a m~uer oi rbsolute riRht to the Mortaa6ee and t}utt the s~mc maq he done without notice to thc Mort~6or.
If forertoeure procetdinga ahould be instituted s6ainic t5e property covtred by thie martgage npan aoy other le~n or claim ~vhcther
alleged to he superior or junior to the li~n of thie mort6a~e, the Mort~a~ee n~ay at hie option immtdi~telr upoR inetituti~n of such
suit or rluring the pendenry thereof declare this mort6a6e and t}x indrbtednPSS eeeured hercby due and pay~ble foirthwitt~ and may at
ita ~ption proceed to forerloac thia mort~aRe.
(~1 That thr :11ort6a~or will kerp all real and pereon~l proper~y now or hv~after encumbered h7 the lien of tt~ie mortKage ineured
ae may be required from ticne to ti~ne by the Mort3a6te a6ai~tst loea by fire, windatorru and othrr hazerde, ~esualtiee and cantinqenciea
for auc.h prriotl$ and for not less than ~uch amounte ae m~~ be rcqnired br tha Mort6asee and to p~y pronrptly whtn due all premiume
for eurh ineurance. The amounts of insuranee reqnired b~ iht Mort6a6ce Rhall be the minimum amounte for which eaid ineurance ahall
Le w~ritten ~nd it e6all be incumber.t upoo the Mort6aaor to maintain tueh additional inear~nct ae may be nece:eaary to meet and con?ply
fuliy with~all co-insurance requiromenta eootained in ~aid polittiea to the eod tbat tbe said'.Hon~a6or ie not a co-ineuror thereunder.
Ineurance 6hair br written by s tompany or companid ~pprored or desi~nettd 6y tlx Mon6a~ee and all policies •nd renewala theeeoF
ahsll br, held by the Mort6aKet. All det~iled desip~rtionr br the Mort6a6or whic6 are atcepted by the Mort6abee and all agnr~ente
between MortRagor and Mort~agec rclstin6 to insunnce, mow existin~ or hereafter made, ahall be in writin~ md ahall be e part of this
mortgage agreement as fully st~ thouEh eet forth verbatim herein and eha11 sovern both psrties hereto ~nd their wcceasora and seeip,na.
~ia lien upon any of eai~ polficie~e of inaurooce or upon mr refund or return premium which may be payable on t6e canrell~tion or
termination thereof, shall be ~iven to ot6er thsn tbr. Mortqi6ee, except by propcr endoreemcnt ~flixed to eacb policy :nd ¦pproved bp
tilort~aRee. Each policy of inaura~ce ahall hax~ sffixed thereto a Stsndard New York Mort6agee Claux wit}~ont Contribution, makinR
sll loas or loeaee onder euch policy pay~ble *_o tbe Mon~tagce aa its intere~t may appe~r. In the event any e~m or erxme of money becomc
payable ther~under the MortgeKre shsll have the option to receive and apply the same on ~~rouet of the indebtedncee herebr eecarcd,
or to permit the Mort~GtEor to receive end use it, or any pact thereof~ withoat thereby waivinE or inupsirid6 rny equity, liert~ or riKhi
un~lee and by virtnr. of thie mortFa~te. [n evert of los~ or pLricai dania~e to tht murtRe~ed prapr,rty the MortaaKor ehatl R~ve imm~-
di~tc notice thereof 67 mril to the Mort6aKet md the Mort~a~ce may make proof of loaa if Ihe asme ie oot made promptly by the
c R ~ 1~.9 ~2~
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