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PROVIDBD~, ~I.pAYS, that if tbe Mort~aor ~haU pay nato t6e Mort~a6ee the indebtednexe evideaood by ~t
oertain pranirror~ ~ote d' r~hic6 the follewia~ in wo:dr ~nd fiaurea is a true copy to-wit:
\ A~/s~t~pogs /Yoti _
~ ~ Miami, ~'lorida 19
t
FOR VALUE RECEIVED p.-omisetopay
co the order of ~
• che principal sum o OLLARS, togecher with interest
chereon from date at t a rcen . per annum unu aturity, both ptincipal and interese beingpa yable in
tawful money of tht United Stat~.s ac 203 Roper Building. Miami, Florida, or at such other place as the holders htreoE may
dtsignate in writing. Principal and interest payablt in installmeata as follows:
lb~el~-,i'iN (=45•Ofa) Dalls~ ls~e aaatl l~i~' aa t~
15~ W~' Os~~• 1965• ~i va?li~ai~i a~ 1r 1~
at .sd .~q? aoata ~s~.rr.ras ,iati.7t *aia fa
lM11.
T 1
This note may be firepaid in ~~•hole or in part atter one year trcnn the ~late hereof u~x~n payment of a penalty +
~~uivalent to two percent oE the principal sum prepaid.
t Each iustallment payment shall be credited first on the interest due, and the remainder on principal; and interest
shall thereupon ceax upon the principal so tredited.
The makers and endorsers of this note furth~r agree to wafvt demand, notice of nan•payment and protest, and
in che event cuit shall be brought for ehe collection hereof, or the same has to be collected upon demand of an attorney,
to pay reasonable attorney's fees far making such collection.
Deferred payments hertunder shall bpar intertst at the rate of ten percenc. per annum Erom maturicy until paid.
This note is secured by a mortgage of even date herewith and is to be construed an3 enforced according to the laws
of che State of Florida; upon default in tYte paymtnt of principal and/or interest when due, the whole sum of principal
and interest remaining unpaid shall, at tht option af the holders, becoxue immtdiately rlue and payable.
C . B. GRIM:iL~,"Y ~SEA~.)
Lr,id~ GRIMSL~,Y
(S~~ I
and shall perform, co~nply with and abide by caeh and cv~y tLe stipnlatione, a6reemente, conditions and oovenaats of
eaid pmmiesory note and of thie drxd, then this deed ~nd the estate thereby created shall cease and be naA and void.
1. The Mortgagor hereby coveaanb and a6reea:
To pp ~!1 and sia6ular tbe p~iieip~l rnd intcrat aad ~t~ar smm d money ~a~~ble by cirtue of ~aid promiawry note and tL'u
deed, or either, P~~+PVr oe tbc d~rs re~pectivelr tLe ~w~e ~a~sU~ beeoaua doc.
(b) To permit, c~mmit or sulfer oa waste ~ad to maiatain tLe impnvemeots at aiI timd in • at~te of 6u~d rep~ir and eood'etion; wd
to do or perm'st to be done to aid premene~ notLia t6~t ~rill shtr or e~e t1~e re and et~scter af ~sid propert~ vr in sa~ way
impair or weakeo tbe ~eenritr ef th:~ mort~{ase. An~ ue we of dfe refowl, ne~lect or ioabilitr o~ t!ro A~srtpaor ts rqarir aod maintaiu
~aid propen~, the Monp~e ~a~, st Li~ optiva. vulce ~aeh re~irs er cawe t6e ~ame u be made, ~d adv~aoe mone7~ iw tluit beLali.
(e) To pay all and sin6ular the axes, asa~menu, leria, liabiliti~s, and obliptiow eI te~e~r~r nstare •n aid de~uibed pr~pertr ese6
and every when dne ~od p~rable aecordin~ to l~w, bef~re t~e betoa~e dclisqotnt, wd to ~deli~er t~ d~e M~Ap~ on or be(ere blarch
15tb of each ~t+~r tu receipu eoidencin6 tbe prrment ef dl ~ull~ unpo~ed tsYa fot the preee~na u3end~r ~ear; to indemnif~ the
MonaaRee upou hir dem~rnd tor all ta~es, aaes~trnentr and e~Lsr~cr tl~st nuy be ~sscssed upon shis anort~r~e on tht indebteilneae wcuced
herebr, and prid b~ the mort6aRee, withoat reaard to m~ law be~etofore enaeted or hereatter to bt emeted impwid~ pqment of t6e
whale or anr part thereof upon the Mort6r~ee.
(d) To pa~ dl aod sin6nlar tbe cos~s, cbar6d and eaipea~es. iududin6 L~ers' tea ~nd abstraM cods rea~ooably inenrr+~d or p~id ~t
an~ teme by tbe Mort6a6ee becanse of tbe tailore on tlfe p~rt of tha Mort~yr6or to perform, eaaipl~ ~rith ~nd rbide br acL and every
the stipulatiooa, a~eemeata, eonditions and eovenanb ot wid proroisw7 note snd tbis deed, sr eit6er, and every sue6 p~~ment eball
bcar wte~est from d~te at tbe ntc of tea per eentum per annum.
(e) Yt i~ farther eovenanted and ~6reed b' wFd psrtid tl~t ia tbe event of a cait beia6 imtituted t~ forecl~se thi~ mortp6e, the A~ort-
6s6ee t,hall bt eotided to ~ppl~ ~t ~e7 time peadm` ~acL f~ree]a~ure snit tv tLE :anrt 6avina jurisdiedeo ebereof ior tbe apE»i~ment
of s ~eceiver of all and sipanlar tbe mortp~ed property, and ot a11 renu, ioco+~es, prs6b, i~tna ~nd revenua tbere~, Erom r?~woever
~ouree dcrived; and tbereupon it i~ 6erebr ~:prwlr e•veuwced and a6reed tL~t tbe Geart ~bd! f~rtbwitb apgsiut sodi reeei~er with
the maal powers and dnties af receiven in like ca~a; aad ~aid appointa~cnt r1~11 be made b~ the conrt as a matter oi strict ri~t to
the Mort6a6ee, and ~rithont re[ereace to the adtqnacr oc in~deqa~ty of tLe vdoe o( d~e p~operty herebp mortSa6ed, oe to the solvcncy
or imolveoty of the Mortaa6on or anq ot6er pfrtr defead~at to sach suit. The Mortp6or 6ereb~ speci6ta117 waiva tbe ti~ht to
object to t6e appoiaUsent of a receiver a~ afora~id and berebr expretsly consenta that ~ach a~ointment shall be msde u an admitted
eqnitr ~nd as a matter oi absolute ri~t to the Mortp~ee asd t6se the same ma7 be dooe witbent notiee te the Mert~sor,
(t) IE far«lo~ure proceedinss ehoald be in~tituted ¦~ai~t tLe rty covered br tiwmort~~e ~on sn7 otber lien or claim wbetLer
alteaed to bt superior or junior to the liep of tlw mort6a~e, t~ott6a6ee may at his option imrnediately npon iostitution of such
snit or durin~ the pcndtncy ttureof declare this mortp`e and t6e indebtednese seeured 6creb~ doe md p~~able ferth~rith ~ed may st
ita option proceed to foreclose t}ua mortaa6e.
~ (6) T1sat t}?e Mortsa6or will iceep all raI aar: penoo'1 property now or hereafter eacumbered br the lien of this m~rtaage insund
as may be required from time to time b~ ~e Mort~~ee apio~c ioes b~ 5ne, wiedstonn and otber haserdn, casu~ltiea aad ceatin6enciee
for mch period~ and fw oot Dess than soc6 amouaq u we~ be requirtd by the Mortaa6ee and to pa~ prowpd~ w6en dae sll preminsne
for ~ueh insurance. Tf?e amannb oI ir~rurance requir+ed b~ t6e D[ortp~ee ~rll he ti~e minimms smounts for whieh pid inanrance sball
be written and it sball be inenmbent npon tLe Mort6a~r W~aainuin sae6 ~dditiow) :mnrance as ma~ be nccewry to meet aod eoe~pIy
fully with ~11 eatnsurince reqairemenu contaiaad iw wid pdida~ t~ tLe ead t~at the ~aid Mortpssr is not a eo-iosuror tbereander.
Iruurance sha1F- be rvritten br ¦ company or eomp~aias ~~ed or daiswted by tbe Mort~asee and allpo licier and renew~4 thereof
shall be ~eld b~ tlie Mort6aaee. AL detailed deai~ti~w D' the Mortga`or w6icL ai^eae~pt ed b~ the M~rt~s~ee md all ~~teauente
betwecn Mort~6or aad MortaaBee rclstina to icrtut~r.ee, noa esittin6 or hereafter madt, sball be in wrEtiua wd s6all be • prrt ot t6is
mort6a6e a~eanent as (ally ~a thondh ~et (orth ve~hAe herein aad ~i1 Eaveeo both p~rties hereto ~nd tbeir meceMOn and xesi6ra.
Nu lien upoa aar of raidpo licies of in~araute or ttpon ~n~ rdand or retnrn premiam which may be pqable oa tbe uncellation o~
termia~tion thereof, s6a11 be sivea to otber thau tbe Mortp~ee, ~cept by~ preper endorsemeot a~uced to wcL polit~ sed ~p{xoved b7
h[ort~a6ee. Each policy af iwuranee ehall hrse slfuced tlwereto a 5esndard New York Mortp see Clanse with:ont Contribation, m~kin~
~11 loss or loae~ ander ench polic~ ~:arsble to tbe Mortp~ee a~ ed iotere~t m~~ appear. In t~e evemt an~ snm or sum~ d moner 6~ceomc
paysble therevnder the Most~sRes ~b~ll have tbe option to rto~ive ~nd epplr t6e same on ~ceoant ot the inde~edaas hereb~ ~ecured,
or to permit the Moct6a6or to receive ~nd nse it, or aoT p~rt tl~ereof, w~tLonl tLsrebr wrivin~ or impririnb ~aa~ eqairy, lien{ or ri6ht
nnder ~ad b~ virtne of thu mort~ae. In event ot lar or p~~riul dama6e to the mortKa~ed propcrtr the Martaa6or ehall ~ve imme-
dirte notice el,e~tof br msil to the Mort~a6at and tbe Mort~agee m~y make p?oof of loss if thc s~me ia not madt pramptly br the
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