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PROVIDED, ALpAYS, that it tbe Mort6wgor aball pay unto the Mort~aaee t6e indcbtcd~~e evidenced by a
certaio pro~nir~ory note af wbich the follawins ia ~crd~ and fi~urce ia ~ true copy tawit: r
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; Miami. Flori 4 =
, FOR VALUE RECEIVED rdm~~a~ i ~
to the order of ~'':~Y?~1 i:.<;k~~s ~2 - ~ ~ ~ - p ~y I ~
the printipal sum of I.LARS, tog~echer with interest ~ ~
~ thereon from clate at the rate of ten percenc. per annum untit maturity, both principal and interest being payable in ~ ;
I lawful money of che Uniced States at 203 Roper Building, Miuni. Florida. or at such other place as the hoiders herevf may
` designate in writing. Principal and interest payablt in installmtnts as follows: ~ ~
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~ ~ t=30.i~0) D~llar~ p~qr a~a~t t+rar t~#ar1~-~'ir?~ (3S~ ,
~wa~ti~n aaatlrs ea tD~ 1~1~ t~ ~t w~d ~i nr~
moant#h. betirYni~ad va ~h~ lS'~h d~ ot „ 19is, • '
1 .~a ~s~a 33~ ~ ~ .~.t, isr~, ~ ;
~ .~t.ai tsa. t~?. D~3~ +r~rll ti.eos. i~e. a~i ~gatil.. i I
I "I'ttis note may be prepai~i in ~vhole or in part after one year lro~z~ the d~~te herec~t u~~n paytnent at a penalty ~
eyuivalent to tK•o percent ul the principal suni pre}~:~i~. ~ ~
~ Each installment payment shall be crtdited first on the interest due, and the remaincier an ~rincipal; and incerest . ~ j
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shall thereupon cease upon the principal so credited. i;
I The makers and Pndorsrrs oE this nott furthtr agree to waive demand, notice of non-~ayrnent and protest, and ;
I in the event cuit shall be brought for the collection hereoE, or the same has ta be collected upon demand of an attorney, ~
to pay reasonable attorr~ey's fees for making such collation. ~ ~
~ Deferred payments hereunder shall bPar interest at the rate of ten percent. per annum frorn maturity until paid. '
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I This note is secured by a mortgage of even date herewith and is to be construed an3 enforced according to the laws
~ of the State of Florida; u~n ciefault in the payment of principal and/or incerest when due, ehe whole sum of principal
aricl interest remaining unpaid shall, at the option of the holders, becamt iu?rnediately due and payable.
i~~iTH~NIEL DAVIS ` ~ ~ ~
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J.r,SSIE D.EIVIS _ ~s~~ ~ ~ ~
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and ehall perform, comply with and abide by eaclt a~d every the stipnlations, a6reements, conditiow and covenanta of
eaid promieaory note and of thi~ dexd, thea this deed and the eatate thereby created s~all ceaee snd be null and void. ~ i
I. The Mortgaaor }~ereby covenants and a6reea:
(a) To pa7 ~ll ~od siu6ubr tbe ptiacipal and interdt ~ad ~tLer anm~ e( m~ne7 pa7sbie by cirtut ot wid prami~wry nvte and tbis i
deed, or eit6er, promptly oo tbe d~r respecti~el~r tbe wmt ~everall~ becomea due. i
( b) To permit, tommit or ~v~er w wirte ~d to mainuin tbe impr~vemeoq st all tima in • strte af ~uod repair ~nd cwditipn; u~d
to do or permit to be done ta wid premi~ea notluea t1~t will aher or duo~e t6e we and eharaeter o[ ~tid propert~ or ia an' w~y
im~?air or weaken the r~etnrity ot t~is mort~ade. A~ io we of dre rei~wl, we~lect er inabilitp ~f tbe M~rtyaor ts rep~ir aod mainuiu '
~aid property, t6e Mortp~ee na7, at 6i~ optiwy malce ~ach rep~in or cawe tLe s,me to bt made, asd sdraeee montps in tbst be6alf.
(e) To pay all and ~io6nlu tbe tases, awa~ment~, levia, liabilitie~, aad obliptiooa of eve~r~ n~tnre eo ~sid dderibea prvpecty each
sad every when due md p~rable ~ccordin to lrvr befsre tLe beeome deli ,dclirer te tLe Mort g
15th of ~~h ru~ uz reeeipts evideuci4~ ~ p~7meat of all lrr(all ~ ~°ent, and to ~a~oe on er before Marc6 ;
Mort6a6ee u n hi~ dem~ad for all tu ~d ~"~a (°r ~~~O~r ~err, to indunniF~ the
po u, wa~nenb and ehrr~et tlut may be ~ss~seed upon t6iu ~ert~~e on t6e iadebte~cse eeenced
6ereby, +rnd prid b7 the mort6aKee, ~vithont re6ard to an~ law i~eretofort eaacted or 6eresfter to be emeted imposin6 p~rneot of tbe ~
whole or at?y part thereot upon thc Mortsa6ee. a
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(d) To p~~ ~11 ~nd un~lar t6e rosts, eLu6a rod ezpemao iududiaa Lw7en' fees sad abrtratt eoqs rcawoablp incurred or p~id at ~
ror t~me br eh~ Mon`a6ce beeawe of the i~ilare an tLe p~rt d the Adart~ador to Qerform, eoo~pl~ with and abide b~ dch and every ~
t6e ~tipulstioos. a~roemeats, conditiona and covenanb of wid promiwor~ aote ~pd this dsed, uc eit6er, ~sd every eueh p~~oeet a6d1 ~
bear intere~t from d~te at the rate o( ten p er centum p er anamn. i
(e) It i~ (nrther covenaated and a~oreed by uid p~rties tL~t ia tbe event of • enit bein 6 in~tituted to forccl~we thi~ mort s~ e, t6e 3llort-
~yagee s h a l l b e enti d e. d to app l~ at an~ time pea dm6 ~ne6 fereelarure snit to t!?e eourt harin6 jue•i~dictio~ eLerdef far tbe sppoir~qaeat ~
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of ¦ rzeeiver of a11 and rin~ntar tbe mortaa~ed propertq, and ef rll rem~, iocooes, profita~ ia~aa aAd reveauca t6ereof~ [~om vu6nsoever
~om
sosrce d
erived; an d t6ereupon it is hereby esprusl~ eovcnsated md ~6rced tl~t tbe Cenrt ~ll forthwit6 ~q?oint sneb reeeivee with
thc wual powers and dutid of rcceiven in like ea~a; and ~aid ~ppoiatmept ~ll be aude b~ tbe conR as ~ maner of eiriet ri~t to
the MartRe6ee, and wit6out reterence to the adeqnacy or io:dequ~er of t~e vdae af tbe proptrty 6ereb7 morr~std, or to tbe wlvency ~
or inrolveney of the Mort6a6o~-a or Rny other partq defead~ !o sueh suit. The Mort6a6or hereb~ speci&eall~ waivee the right ta
object to tbe appointment of a recei~~er rs sforesaid aad bereb~ e:pre.siy conaent6 t6at raeh appointmeni shall be tnade w an ~d~nitfed
cqnit~ and ae a mattcr of absolute ri~ht to d~e MonEa~ex and th~t the aame ma~ be doae witbeut notice ta t6e Mortaaaor.
(t) If forc~lo~ure proceedinas should be inetituted a~io~t the pr~psny covered br this martaa~e apon a~ ocher lien or clsim whether
alleXed to be superior or jumor to the lian o! this mortp6e, the Mort~aace m~y at his optioa innmediaulr npon inetitution of ~uch ~
suit or darins the pendency thereof declare this moct~~e and tLc indtbtedncee ~ecured txreb~ dnt and p~~able fortbrvith and may •t
its option proceed to toreclu~e this mort6a~e.
(g) That the Mort~~or will keep all rcal rtud persowl praperq now or hereaf~tr encumbered by tht lien of thie mort~a6e insured ~
aa ~~r be required from time to tiine by the MoR~aee a~aiast loss by 6rc, windstonn and other lus~rda, caswlties and cantin6cneiea {
for aneh periods and for not leat tban such amotmU u nu~ be reqoired by the Mot~aaee and to pa7 prumpdy w6cn dne all premiwne f ~
for •nch insunnce. The ~ounts of insursnce reqnired b~ tbe Mortgaaee ~hall be t6e mirumum unavnta for which ~aid inannnce eha11
be wrinen ~nd it ~hall be incumbent npon tbe Mort6aaer to mairtaia anch ~dditiond aos~r.ae a. ~sy b~ ~~a.,,n co ~eee ~nd eon?ply ~
fully with all caius~snoe reqairemeeu costained in s~id polieie~r to the end th~t t6e naid Mortaa~or ie not a co-ineuror therennder.
Iruurance siialt be ~+ntteo br ¦ eompan; or eomp~niw approved or de~i~ted by tLe Mort~aee and all polieiei end rcnewala thereof '
ihall be held b the Mort ~n ~
r ~a6ee. All deeailed da.~ioo. b~ tbe Mo»p~or whicb areaecepted b~ the Mort6saee and dl a~eeaiente ~
~-w:::.a ~c::a-~Sor :a~ ':a:t~~~,^. ::.l~~~g is isw:..-,~.co, :wi: `-~ca::ain6 on c~cuii+cr mark, sityll be in writioR ancl rtiail be a p~rt of this ~
mort6a~t ~gretmeat y tnllr ~e t'wn~h ~et forth verb~dm ~tein a~nd shall 6overa botL partiea 6ercto and t6eir wecewors ~nd a~sima. ~
No lirn upon ae7 of ~ai3 policita u( ineuraau ar upwn ru~ re€nad o: return pr+w~ium rvbich rnay be pqable oa (Le cancellation or •
terruinatioo thereol~ ~6a11 be 6iven to otber tLar. tbe Mort~aee, acept by~ proper cndoreement a6zed to wcb policy aod approved b~ ~ ~
Mortaaaoe. F,ach polie~ of iwnrraee abtl! La~ca ~6zed t6eteto a Sandard New York Mortpsse Cl~uae wit~ont Contribatioo, making j ~
sll loa or lo~sa aader euch policr~ ~~~ble to tbe Mort6s6ee ~ its iaterest mq appear. In the event sn wm or suau sf moaey becomr
payable thereander the Mo~t~Rce M~J] ~VE {bE 0~19q 10 rECE1YE and apply the same on ~ecoant of ~ indebtedoes~ hereb~ eeeured~
or to permit the Mortp6or to receive and vse it, or an~ p~rt thereof, Mitbont therebr waivina or impairio anr eqnit~, lien{ or ri6ht
under and by virtae o( thia mortaaae, In event d low ~r pt~~sical dama6e to the martga6ed propertf t6c ~ort~agor rhal! ~rve imme- i ~
diite npCiet thereof b~ mail to thc Mort~gee and the S[o~tsa6ec m~y m~ke proof of lose if the wne ie oot made prompd~ by tbc i ~
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