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PAOVIDED~, ALR?`AYSy that if the Martpaor shaU pay anto the Mort~~ee the indebtedneee cvidenocd by a
oertain promiMUr~ no~e of which tho followia~ in ~rordr and fi~uree is a true copy tawit:
i-
~i/o~yo9. /Yo~.
~ 1~~•~ Miami. Flerida? 4~! n~ 19f?~
FOR VALUE RECEIVED I promise to pay
to tht order of ~ M ~ + • ~ ~-%~a-~~-~ " " ~ ~
the principal sum of. DOLLARS, together with interest ~
thereon fram clate at che rate of ten perctnt. per annum until maturity, both principal and interest beingpa yable in
lawful money of the United States at 203 Roper Building. Miami. Florida. or at such other place as tht holdtrs hereof may
designate in writing. Principal and inttrest payable in installmenu as follows:
7birty-ii•~ (~3S.oo) DQll.~e p~r ~.o~ata tie~ing on the
l~~ iy af atob~ar. 1965~ aai aaat3~aia~ w~ tir lS~th
d~ of ~?aD sn~! mrvrs~ s~wf~ f~?s~at'q~r ~lil ~i1 ~ i~ll.
"I'his note may be ~~repaid in whc~le or in part after one year [rom ttre ciate hereof ii~xrn ~ayment ot a~.yenalty '
eyuivalent to two percent of the principal sun~ prepaid.
Each installment payment shall be tredited first on the intetest due, and the remainder on principal; and interest
shall thereupan cease upon the principal so credited. -
The makers and endorsers of this-note further agrte to waive demand, notice ot non-paymenc and protest, and
in che evenc cuit shall be brought for the collection hereof, or the same has to be coilected upon demand oE an attorney,
- to pay reasonable attarney's fees for making such collection.
Deferred payments hereunder shall b'ar intenst nt the rate of ten pcrcenc. per annum from n.aturity until paid.
This note is secured by a mortgage of tven date herewith and is to be construed and enforced acco:ding co the laws
of che Scaee oE Florida; upon deEault in the payment aE principal and/or interesc when due, the whale sun. of t~rincipal
ancl interest rer~naining unpaid shall, at the option of the holders, become immediately due and payable.
~I•II~~ LEL ~i~IU~:i?IS (5EAL)
~s~.~
and shall perform, comply with and abide by each and every tLe siipulations, a~eetnente, conditions and covenanta of
aaid promisaory note and of thie dced, then thie dded aati the e~tate thenby created rhail cease and be nnl~ and void.
1. The Mortgagor h~ereby covennata and a~reea:
To pay ~11 md ~ia6uLr tLe priscipat and ietere~t and ~t6er r~w .t m•eer wr~~e by virtne ot Mid promissory note and thia
deed, or cither, promptl~ on tbe ~pr rey~cti~dy the ssore ~eratl7 betomes dne•
(b) To peraaii, commit or ~u1[er ~o w~as~e rad to maiatai~ tLe ispr+vemeab ~t an tima in a state ei 6wd repair asd eaoditiaa; and
to do or pcrmit to be donc to ~aid prrmi~a uothir~ tdt will sher ~r eLrn~e tbe a~e ~ad eharscter of ~aed ptopert~ or in w~ evay
impair or weaken tbe ieenrity o( thia mortaa6e. And in we of tbe refoNlx se~ett ~r in~biilq e( tbe Msrtpa~r to re~ir ~d mainuiu
~aid propert7, the MortiY6~ ~7, ~t b!r optiue, make s~eL reprin er uwe tbt ~rwe t~ be sude, ~d ~r~e mo:acra i~ tbat beLalE. >
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( e) To pay dl and •inaalar the taxa, wea~menti, levi~es, lisbilitia, md obliptiom et ever~ e~t~re ~n Mid daeribcd pnperty aeb
sad every w6en due aad parable accordia6 to law, beiore t6t bee~me delisqaept, md te ,ddiva t~ t6e Mort~~e,e on or be(ore Marc6
15th of each 7ear tax receipu evidrncin~ tFee pqment of dI ~nlly imp~ed tuca for tLe pr~ocedinr takndar year; to indemnif7 t6e
':Hort6aaee upoa his demaad for all tute, ws~sme~u ~ad ebar~ that mry bt uresaed upon t~i» mortp~e ~a tl~e inasbtedaeae secared
hereby, md paid b7 the mort6sEee, without re~rrd to ~py I~W bER10~OfC enatted or hutaFter te be ee~cted imposin6 pqment of the
whole or any part thercof uQQO thc Mortsa6ee.
(d) To par all snd rin~ular t6e co~tt, cbar es and espee~es, iodudiu6 4wpen' fees ~nd sbatract ca~b rcweabtp incnrred or p~id ~t
ao~ time b7 the Mort6a6ee beuuse of the ~ailare ou tbe part of the Hort~6o~ to periorm, eompl~ with ~od abide br ach sad every
the ~tipulations, :Ereemeasa, conditions and covenants of aid proroiuon opte and tLis desd, ~r titLer, md e~ery rue6 pa~nnent e}s~ll
bear interest from ci~te at the rate o( tcu per centnm per ansam.
(e) It is farther covenanted snd aEretd b~ sridpa rtit~ tL~t ia tt~e evem of ~ enit bein6 ia~titnted to (erecloMe thi~ monp6e, tLe Mort-
6aEee shall be entidcd to applr at rnr Eime peadiu` oocb f~rteJew~e wit to tbe e~mrt baris; jnri~dittioo eberaa( far t6e sppsio~omeot
of r recciver ot all and sin6nlar the mortp~ed property, ~ad ~f ali rem~, incomes, profit~, ia~ae+ aed reven~a tbereof, [rom M1~troever
rource derived; and thereupon it is hcreby ezpreal7 e~veatrted aod a~eed tM tbe Gnrt ~ll (srtbwi~t6 appoint sneL retei~rer with
the usnal powers aa~d dntia of receiven in like caseu; atod raid appoi~oHeAR ~Il ber made br tba tonrt as a mstter of etrict ri~et to
the Mort6a6ee, and withoat rcference to the adeqaaey ar inadeqaacr of tbe valoe of the propetqr berebr morr6a6ed, or to tLe wlvency
or iniolvency of the Mortsa~ors or ~n~ otber prrty ddend~nt to sue~ suit. The MoRpaor bereb~ spe~~&eaqy waivee tLe rig}it to
object to the appoimment of ¦ recei~•er ae atoreaaid and 6erebr o~prewly eonsents that me.b appointment ~ball be made ar an admitted
equiry ~nd ai a matur of ~baolute ri6ht to the Mortp~ee ~ed tlqt tht aame ms~ be doet wit6out ao=ice te tht 11loR6asor.
(f) It foretlo~ure proceedinss ahould tx instituxed i~ai~t t6ep~ operty covercd by t6i~ mortsa6e s~wa ~a' otLer liw or c4im whether
allc~ed to bc superior or junior to the lien of thii mortaa~e, t6e MortSagee may n hia option irnraediatelr upon inedtutio~ o[ such
suit or durinR the pendeocy thereof declare lhis mort6a`t and tbe indebttdness ~ecnred berob~ dne .nd prnbte fect6~vith ~nd may at
~ ite option proceed ta foreclose this tnort~6e.
j That the Mortaa6or will Iceep all real and peneasl properq now or 6creaher eacumbercd br the lien of thie mort~a~e inaured
ae may be required from time to e;~ne by cbe Moresa~ee apins~ lo.s br 5r~e, wiodaturn~ ~nd other }us~rds, easwlties and contin~enriee
for anch period~ and for oos le~s tban euch ~moa~nd as m~r be reqairtd b the Mort~alpx ~nd to pa~ prompdr when dne all premiume
for ~uch i~aurance. The amounu oi inaacaace regaiu~ed~ b= tbs ]~o~t~r~ee ~1 be tl~e minimmm ~mounte far w6ich said ineur~nee ehall
be written and it shall be ineumbene apoo tLe Mortpaer to mtintsin saeb edditios~l insaranet a~ msr be necdsar~ to tetet and coniply
(ully with all cainsurance reqnirements coouu~ed in pid ~efes ta d~e end t6at the ssid Mort6aaor is aot a co-ineuror t6e~ennder.
Insurance shalt' be writteu 67 ¦ company or comp~nia app~~ed or 3e~i~ted b~ tbe MoH~a~ee and allpo licies and cenewsla thereo(
rh~l1 be ~eld by the MoctSa~ee. All deuited dtsipsatioo~ b~ the Mort~~ar w6ic6 sre aeee~?ted b~ thc Mort~~ce aud all ~gwnenu
between Mort6agor and Mott6aaee rel~dn~ to it~snra~tey sew e.~tin6 or hettafter wade, ahall be ia w~ritin~ ~nd ~hall be a psrt o( ihie
mort6a6e asreement as fally ~s thou6h ~et forth verl~atim hereie and stull 6overn botL p~rteea hereto and tbeir wceuwn end aeeiEne.
No lien upon an~ of eaidpo lieiea of inEnrance Of IIpOR iOJ 1"E~~Od or returo premium r?hieh ~ay b' payable on tl~e unceltation or
termination thereof, ~hell be aivta to other than tbe Mortpsee, except by_~proper endoraement ai6sed to sucL palicr aad approved b~
~[ort~aXee. Each polic7 of inaunnee ebsll haxe a~xed thereto ~ Standard New York Mortaa~ce Clauee withont Contribntioa, making
~ll lose ar losees ander euch polic~pa yable to tbe Mort6a6ee as irta intee~eet may appear. In t6e event an~ ~nm or smns o! money becomc
puyable thereunder the MortgaRee ~hall have the option to reoeive and apply the eame on aecoant of tht indebtedeea hereby eecured,
or to permit the MortRa6or to receive and use it, or ~ny part tlKxeo(. witLont thcreby waivin~ or imp~erins ~n7 eqniry, lien~ or ri~,rht
under and by virtne of thie mortsa~e. Ia event of loa or pbytical darua6e to the mort~ca~ed propen~ tht Mortgaaor shaU ~ve immc•
di~te notice cheKOr br m~il to the Mort6a6ee and tLe Mortsaare m~y m~ke proof of loes ii ihe same ie aot mrde prompd~ by tbt
' " SOCK 125 .483 .
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