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~ YRUVIllEU, ALWAYS, that if the Mort~sgor nhsll pay untu the Mortgagex the inJebte~lnet~e; ~~vidcnc~•d h~• u
certain promideory note of whieh the [ollowing in words and figuree ie :i true cory io-wit:
~ Mostqoys No~.
~
~;_~~T~.__ _ Miami, Florida M~aX lb: 19 ~'S
i
! FOR VALUE RECEIVED 11 _ promisttopay
I t~ the order oti I~iU ,~~~Y t~ .:,~Ii% ~1d i, LLI.~~ Y. ::f:.:~IK~ h~B wi~ft'
! the principal sum of ~rwtn ~Qy~,~,Yj,t~ 3tYE.1~Z'~~»~'~jYE DOLLARS, together with interest
~ thercon trom ciace at the rate of ten percent. per annurn uncil maturity, both principal and interest being payable in
' lar.•ful money oE the United States at 20~ Roper $uilding, Miami, Florida, or at such other place as the holders hereof may
~ designate in writing. Principal and interest payable in installments as follows:
I 3~ or~T-fi~rs (~~15 Dol lars p~r ~osth b:si~tix~ om tih•
~ P 15th day ot July, 19b5• ~d cos~ti~ttt3,sts on tL• l~th day
af each +~d ~vwry ~aath ~~r~raft~r ut~~11 psid ~ f~ll.
. ~
1'his nc~te n~a}• be ~>re~~ai~t i;s ~+•hole c~r in ~~art alter ~mr )'e:+r lrun~ [he ~t:?te herec~f u~~c>n ~~ayn~ent of a}~etialty
~ eyui~,ilent t~ tH~o ~>erct?~t ut the ~~rinci~al suin },repaid.
Each installrnent payment shall be creciiced firsc on the interest due, and che remainder on ~rincipat; and interest
shalt thereupon cease upon the principal sa credited.
The makers and endorsers of this note further agree to waive demand, notice of non-paymenc and protest, and
in the event cuit shall be brought for the collection hereof, or the same has to be collected upon demar~d of an actorney,
to pay reasonable attorney's fees for making such collection.
I D~ferred payments hereunder shall bPar interest at thc rate of ten percenc. per annura from maturity until paid.
~ This no[e is secured by a mortgage of even date herewith and is to be construed and enforced according to the laws
of che Scate ot Ftorida; upon default in she payment of principal and/or interest when due, [he whole sum of principal
a~i<I interest remaining unpaid shall, at the option of the holders, become immediately due and payable.
r~'a .L , i'~,~ ~1.:.:~~ (SEAL)
ll\J_:~.-,~~+-•~r . • { ~ ~ c~7~ A~
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and ahall perform, comply with and abide by ewch and every the stipulstions, a~eementa, conditione And covenante of
Aaicl promiasory note and oC thia dced, then thie deed and the eeta#e thereby cr~nated ~hall ceaee and be null and void.
1. "Che Mortgagor hereby covenaate and agreea:
(al To pay all •ad sinsular the priucip~l snd interut and oiher iums. of money pay~ble by ~irtue o! eaid promisaury notc and thie
deed, or either, promptly on the daye reapectively ibe eame ~evualir betomeb do~e.
(b) To permit, commii or au~tr no waete and to maintaia tbe iroprovemenb rt ill timee in • et~te o! 6uod repair aod tondition; and
ro~10 or permit to be done to wid premiees nothin6 that w~ill dter or eh~n6c tht ~ee and ~haeacter of a~id propert~ or in ~ny way
impair or wraLen the eecurity of thie mart6a6e. And in urt of the reiua+sl, ac~ieet or ina~bility of tlx Mort6s~or co rep~ir rnd maintain
yaid proprrty, the Mori6a6ee ~~y, at ?~ie option, make ~aeh rep~ire or uuer t6e wne to be made, aqd adrauct mone~s in tbat belalf.
(e) 'T~ pay all and sen6ular the tazeR, aseesemeeete, levies, li~bilitiea, and oblipuone of every oatnre on ~sid ddcribed preperty ea~h
and every when due and payable ~ccordina to law, be(ore tLey become ddinquent, and to .dtliver to the Mort{Sa~et on or 'betore Mareh
15th of each 7r~r ux rteeipte evidencin(5 the paymtnt of all 4wiuliy impo~ed tazts for the pretedin~ cslendar year; to indtrernify the
~tortRagee upon hit demand for all tazea, reseasmenta and ehar~ee that may be sEeeaxd upoe~ tbia mortsa6e on the indtbtedneee etcureai
, hereby~ and paid by the mortFaq~e, without re~ard to ~ny law heretofore enacted or her~aft~r to be enacted impuaiaF payment of the
whole or any part thcreof upon thc :Kort~agee.
(d) fio paq all and ein~ulsr the coeta, char6ee and e:ptnres, indudinR Lwyere' ftta and abetrrct coete r~aronably incurred or paid at
any time by the Mort6aaee becaus~ of the E~ilure on the part af the ~iortFaEor to per(orn~, e~uply witb ~nd ab,de by uch and every
the stipulatians, a6reemznts, conditione and covenante o( eaid promisaQry note ~nd thia deed, or eit6er, and every euc6 Etay~nent ehsll
~Car iRttrtbt ~fOm (~itt at the rafe of ten pE[ Centum PGr anf.Wtt.
(e! Tt ia further covenanted and aRreed by ~aid partiee that ia the event oi ~ scit beinF instituted to foreclaee thie mort~~e, the ~ort-
Ragce sha!! be eniitled to apply at anp time pendiu6 snch foretlwure etti~ to the coart havina jurisdiction ehereo( for th~ ~ppoiot~nent
of a receiver of all and aingulsr the mori5a6ed property, and of all rrnts, incomea, profits, iseud rnd revtnuee tbereuf, (~cm rhttsoever
source derived; end ihereupon it ie hcr~by expreseiy eovenanted and a~md ttut the Court siiall forLhwiLh appoint euth receiver with
the uauel powere and dutiea r~c~ivers in iike caeee; ~nd ~aid eppoiatment ahsll be made by aiic conrt aa r matter oF etrirt riEbt to
the itortqagee, snd without refcrence to the ~dequac~ or ia~dequaey of the value oi the property hereby n?ortga6e~3, or to the eolvency
ur ineoh~cncy of the Mnrtgagors or any other party defendant to such Euit. The 41ort~agor hereby apccificaliy wsivta the riRht to
object to the appointmcnt of a recei~er ssE a(oresaid and 6ereby uprensly ~onsents that ench sppointmtnt ehall be made oe ~n admitled
eyuity and ae a matter uf sbsoluie riRht to the Mort6a~te rnd th3t the Bame mrq bc dvne without aotice to the MortKa~or.
(.f 1 lf foreeloFUre Qroceedin~s should be inetituted a~inat the propert~ eovered by thie mort~age npon aaq ot6er lien ot claim whether
ulle~ced tv he superior or junior tu die lien oi thia mortgsKe, the '.blortRagre may at hiR option immedi~tely upon inetitutian of eucl~
3uit or ~3urinR the pen~len~y thereof declare thi~ mort6aat rnd t6t indcbte~lness eecured her~rby due and payable Eorthwith and may at
ite opiiun pror~ed to fvrecloee thia u~ortFapte.
i~t1 'Thet the i~iortFxaor wii! keep oll ro~l and pereonal property nuw nr h~r~aher encumberrd by I~e lien of thi~ mortFaEe ineured
as ~ney be requirrd from time to titr~e by tht MortEa6et a6ainst losa by 6re, windatorn~ and oth~~ haaards, casualtiea and eunt~n~encie.
(or eurh rxriods and (or nnt leea than such amounts as msr be rcquired by th~ !1~Iortgagee and xo p~y promptly wFun due all pr~miumr
for eu~h insurance. The amounts of insurance reqnired by the Mort~agee Rhall ibe the mini~num amounte for which eaid ineursnce ehall
Le writtrn and it ehall be incurribent upon the :~iort~a~or to mainuin eueh additior?rl in~ur~nce ae may bt necesear7 to me~t and con~pl~
fully with all caineannce requiremtnts contained in wid policed to t)ie end that che eaid Mort~a6or ie not a caineuror thcreunder.
Insurance ahslt- Ex written by e company or cun~panies +~pprove,d or deaignated by the Mort~s6ee and all policiea and rencwals thereuf
shell be held by the hiort6aFee. All detriled dtai~nstiom b~ the Mort6a~or whic6 •re accepted hr the 1N~ortgagee and all pqeen?~nta
betwecn Mort~tsqor and MottQSaxee rclatinR to irourance, oow e:ietinR or hereafter made, 86a11 be in writin~ and ehall be a p~rt of thie
rnortgege ¦greernent aa fully aa thouEh set forth verbaiim hercin and ehall 6overn both parties hereto a~d their enccterors and aesi~,na.
4n lien upon any of baid policiee of ineurancr. or upon an~ refund or roiurn premium which may be payable on the canctli~tion or
trrmination thereef, eh~ll be Riven to other than the Mort~ace. except by proper endoreemtn! aEi`ixed to Eueh poliey and approved by
~1urtRaaee. F.ach policy ~f ituurance ehall hsxe affized thtroto a Standrrd New York :NortEaEee Clauee withoot Contribution, makin~;
al! Inse or loeare vndtr euch aolicq peyable to the MortEagct se ite intereat may apprar. Ir, the even~ any eum oe eume ot ~naney tx~om~~
peyoble thPreunder tht MortgaRee ehail have the option to receive and spply the Eame on eccuunt of th~ i~debtednese hertby eecur~d,
nr tu permit the MortRaEor to receive ~nd use it, or any part theteof, wit6out thereby waivinR or empririnR any eqvity, liett~ or ri~5ht
un~ler and hy virtue of thie mort~caRe. In event of ioee or ph7ei~al darnaFe to thr mortRa6ed proptrty lht Mortga~or ehdl R~ve injene•
~iir~c notiof thereof by mail to thc MortRaRee and the HortRARee m+~y make proof of ioss if the eamt is not mrde promp~ly by ?hc
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