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PROVIdED~ AL~VAYS, t6at if tbe Mortaaaor ~hall pap unto the Martaa~ee the indebtedneee evideaoed by a ~ I
oertxin prnmiawr~ nato oE ~rhio6 t6e followin~ i.a wads and 8aures is a we co~py tawit: i;
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Ma~o~s No~i i ~
~ la~s~ Miami, Florida ~?~~t 6. 19~~. ~
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FOR VALUE RECEIVED w~ ~
~tiiL],~ Yi _ N~+iss1~ promise to P~Y !
co the order of s'1~A H~RSG$ ~ w~ ~ ! ~
che principal sum of 1~--w~~DOLLARS, cogecher witt~nteresc ~ {
chereon from date at the rate of ten perctnt. per annum until maturity, both principal and interest being payable in !
lawful money of rhe United States at 203 Roper Building, Miami, Florida, or at such ~ther place as the holdtn herrof may '
designate in writing. Principal and interest payable in installments as follows: ~
rar~r _~S40.OO~Do13ss~ ~e aa~1~ ~ ar ii~ lsi#? dy
wr a~~o..~r, i g. ~~aa~ti~a~ia~ ~at '~r 1 t1~ da~r of rsah +~i
e~ aosti t~r~t~ac rot11 ~aii ia i1a~1.
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"I'his note rnay be prepaid in ~vhole or in part a[ter one year from the date hereof i~Non ~~aynient of a penalty
eyuivalent ta two ~~ercent uf the priuci;~al sum prepaid. ~
Each installmenc payment shall be credited first on the interest due, and the remainder on ~rincipal: and interest
shall thereupon cease upon the printipal so credited. '
The makers and endorsers of this note further agree to waive dernand, notice of non-payment and pratest, and
in the event wit shall be brought for the collettion hereoE, or the same has to be collected upon dernand of an attorney, ~
to pay reasonable attorney's fees for making such colltction. i +
Defened paynients hereunder shall b~ar interest at the rate of ten percenc. per annum from maturity untel paid. ~
This note is secured by a mortgagt of even date herewith and is to be conscrued and enforced according to the laws
o f t he S ta te o f F 1Qri da; upon de Eau lt in t
he payment o f principa l an d/or interest w hen due, t he w ho le sum o f principa l ~ ~
ancl interest remaining unpaid shall, at the option of the holdtrs, become immediately due and payable.
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pnd ehall perform, comply with and abide by each and every t~ ~tipnlatione, a6roementa, canditions and covenants of - ~
aaid promiseory note and of thie deed, tben this deed aad the extate thereby created shall esaee And be anl~ and void. ~ 1
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1. The Mortga~or bereby covenants and t~rees:
(a) To pq all aad sinptlar tbe ~c~
pal snd inurat wd ~t~et smu st m~oe~ p~7able by rirtne of ~aid promiswry oote and this
deed, or eitLtr, promptly on tbt dryr re~per:ti~elr the ra~te reranll~ Letoma dne. ' ~
( b) To per~ait, commit or s~er ao wwte aad to maintaia tbe improvemeoU rt all times ia • st~te oi 6o~d repair asd conditiou; and ~
to do or permit to be done to aid prrmi~a nothin th~t wiI! dter o~r e~a6e ebe we rnd etuneter of pid pnput7 or in an~ way -
impair or weaken the ~eearit~ ot this mortaase. An~ in caat o~ tbe refual, ee6lect sr ieabilit~ oi tbe A~srEpaor t~ repsir and maiatain
•aid propert7, the Martp~ee aurr~ ~t 6ir option, make ~reh rtp~in or esme tbe wme to be a~adr, awd ~d~?aact mowe~~ in tLrt behalf.
(e) To pay all aad ~insnlar the ta~d, a~wments, levid, liabilities, and ebliptioos oi erer~ e~tare ~a ~ai~ aaeribcd pr~percy exb ~
and every w6en due .nd pay~ble rceordin6 to 1a~r. before tbe beeome delinqueay aed to ,ddiver t~ tbe Mort~a~ee er er be(on M~rc6
15th o[ each ~ear tu reeeip IJ EVIdEAC1A6 [bt ~]IDCOt o! all ~ull~ imposed ta~ca for L6e prce~e~o~ edend~r ~dr; ta indemnif~ the
Mort6a6ee upon hi~ demao d for all wces, assewnrnu aed ebar~ t6~t ouy be as~ed npoA tba ~soAaaae ~n tbe iadeMedness secured
hereby, and paid bY the mort~sxee, lVlAF1011t ('E6Yfd IO l0~ 1!W bER~O~OrE en~cted or hereaFter to be en~cted imposini p.~meat of the ? I~
whole or any p~n thereof upon the Mortss6te. g~
( d y To pM~ all ~ad ~inaulrr t6e costs, e6ar6d aud eacpee~tr, indudin~ law~en' fees and abKnet eosb reason~biy incorred or prid ~t ~ I
an~ time br the Mort6a6ee because of the f~ilnre oe tbe p~rt o( t he !Hortpsor to pe r form, cemp ly wi t 6 ~
u d a bi d e b~ d c
h aed every ~
the stipulatioos, ~6reemeasa, eonditions and eovenants o( taid pcomi~eor~ note and t6ia • deed, ar eitLer, aed e~ery weL p~rment shal!
bear intereat from date at the rate of ten per centam per wa~n. ~
(c) It ie fnrther eoveaaated rad aEraed b~ raidpa rties tb~t in t6e eveat of a sait beins ia~titnted to foreclo~e thi~ mort6a~e, the Mort-
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ot a reeeiver o[ dl and sinsalar the mortp~ed Prupcrty. end o( all reo~a, iecoses, ~rmSq, i~saea u~d r~venna tbe~oa~i, from ~s1~t~oever (
ecurce derived; and thereupon it is hereby expreal~ eoven~ted and +r~reed tL~t tbe Cenxt ~11 ferthwitL appoiet eoeb receiver with F ~
the ntwl po,ver~ ~nd dueic~ of receevcn in iikc ca~a; ~~d nid ap=wi~nnert sbdl be made br t6e eonn r• mstter of uriet ri6bt to ~
the Mort6a~ee, ~nd ~+it6out re[c~ence to the adeqaacy ~r inadeqo~cr of the vslue of ihe propert~ 6ereb7 morCp6ed, o~ to tbe wlvency
or inwlvency of tht Mnrt6,aors or anr other pacty defeod~at to snc6 suit. 1'he Mert~a6or hereb~ specifieslh waives tbe riSht to
object to the appointment of a reeeiver ae s(oresaid and herebr ~prcwiy eenaeots tbat ~ar.b appointmeet ohall be made as sn admitted ~
equitr and as a matur of abeoiute rigl~t to the Mortp~a~e aod tLlt ths same maf be doae wit6out sotiee to tLe Mort~a~ar.
(f) If foredo~~?re proceedinaa ahonld be instituted ~ t6epr
eperty covered by tbi~ mortp~e opon aeqr ot6er lieo or c4im wLether
~llesed to ba cupe~ior ar junior to the lien of t}w meRp~e, t6e Mort6s6ee raa) at hi's option immedi~tely apoa i~titution oI surh
auit or durin6 the pendency thereo( declare this mort`a~e and t6e indtbtednc~e ~etured 6ertby dne wd perible forthwitb •nd rnay at ~
its option proceed to foreeluee this aiort~a6e.
(6) 'That the Monsa~or will Icecp all real and peneaal proper~ ~aw or bereafter escumbered b7~ the lien of thi~ roert~,r6e ~naured ~ ~
as may be required From time to tiu~e by t6e Mort;a~ee ~pinK ie~s b~ Sre, Mlpd{IOrIG snd other hsxarde, ueualties and continaeociu ~
for saeh period~ and for aa lees t6an sne5 ~mowus aa mr~ be rar~ired b~r th~e Mort~a6ee and to pay prompdy w6cn dne all preminme
for ~uch in~ur~nca '1'he amoun4 of insuranet requ'ved b~ t5e Y~rt6a~ee a~all be tbe mioimmn amou~te for which wid iosunnce shall
k,e written ,~nd it ahall be incumbent npon tht Mortsa,~r to m~idtsin ~neh ~dditieeal ine~rance as may be necds~r~ to meet ~nd con?pfy ~
fully with dl eaiwunaee reqairemtnts caotaioed in pid p~lieie~ ts tl~e ead that t6e s~id Muctsa`or is oot a caiawror tLerennder. ' ~
Inaunnee st~lr be wrinen b~ a eompsny or comp~nias ~o•ed or desiee.~ed br cbe Monp~ee and a)tpo liciee ~nd reaewata tlxreof !
.h.1t be h~td br ehe Mmrt6a~cr. All deuiled dcsi~sst€eo~ b~ tLe Mort~aaor wbich are accepted b~ the Mertpaee wd all •srsen?ente ' ~
between Mort6s6or md Mort~aaee relatin6 to iatarllpee. no~r esi~tio6 or he~fter made, aball be in writin6 aad ~hall be a part vf this
mortsa6e a6reemeat as fnlly ~a thou6h ~et torth verbatim herein and ~h~11 6overn bot6 putiea hcre[o and tbeir wecearorr md assi~?ts. , ~
No lien upon ana d?aidpo lieies of in~uraaee or apon a~7' rdnnd or return prcaninm ~+hich ma~ be pa7able oo fLe unceUatioa or I
termin,~tion therent, a6a11 be aiven to otbec tLsn tLe Martgasee, ezctpt by proper tndorsemeot a~xed to sncb poUcr aad approved b~ i
biort6.a«. Fa~6 potie~ o( icuuraoee shall h~t a6xxed tl~treto ~ Staedard tVew York MoR6asee Cl~nse withoat Contribntioo, making
all loa or loesea aader such polie~ p~~able to the Mortp~ee a iU interat m~r appear. In tbe event an7 ~am or sum~ of inaney becomc
payable therennder the Mort6a~ec ~hall have the optioa to r~oei~ ane~ applr ti~e eame on accoant o( the indebtedness bereby eecnsed,
or to perrnit the MortRa6or to receive and uss it, or any p+rrt thexeof, wit6ont thereby wsivin~ or impririna aay eqaity, liea~ or ri6ht
under and by virtne ot this mort6aRe. In event ot loN or ph7sual damase to the mort~~ed propertr tbe Mort~a~or shall ~ve imma
di~te notice thereot b7 m~il to the Mort6asee and t1~e Mort6aKe+e may mal~e proof of lose i( the s~mt it aot m~de prompdp b~ the
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