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PaOViDEU, AL~AY5~ ~.e J d~e l[u~.~or .h.p par nnto tbe ~[ortaaaee t~e indetitcdms~s evidene,wi by a
eer'tai~ pra~iwoe~ aot~s d~rhidi t6a fallowi~ ia waeds and fi~ures is a trae oopy to-wit:
. Alo~t~o~. Arot. ~ ,
~ ; Miami, Floridla ~1~~ 1T~l. 19i,~_ :
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FOR V promise to pay
, co cht order c,f h1i ~
che principal sum o LI.ARS, togtther with interest
thereon from date at tht nte of ten percen~ pa annum unpl maturit~r, both principal and intetest beingpa yablt in
lawful money of the United States at 203 Ropar Building, Miami, Florida, ar ac such other place as the holde7s hereof may
designate in writing. Principal and interat payabk in iastallmenu as foUowa:
sds~iw (~35.(M+~ ~o3~Lw sre ~ ~~s ai? i1r
1+ylr i~ os i~r~s I~ rri ~~3~ali~ as iw 1'j~
~ a! ~r?ai~ rMi s~ at~iti r~i~il lai~ is 1L11.
This note may be prepaid in whole or in part after one year from the date hereof upon payment~ of a penalty
equivalent to two percent of the. principal sum prepaid.
Each installment payment shall be credited first on the inttrest due, and the rema~nder on principal; and interest
shall thereupon cease upcm the principal so credated.
1'h~ makers and endorsers of this note further agret to waive demand, notice of non-payment and protest, and
in the event suit shall bt brought for the collecdon hereof, or che same hu to be collected upon demand of an attorney,
to pay reasonable attorney's fces for making auch collect~ion.
Deferred paymenu hereunder ahall b~r intenst at the rate of ten percent. per annum from maturity until paid.
This note is secured by a mottgage oE even date herewith and is to be construed and enforced according to the l~ws
of the State oE Florida; upon default in the paymtnt of principal and/or interest when due, the whole sum of principal
and incerest remaining unpaid shall. at the option vf the holderx, become immediately due and payablt.
~S~-)
(SEAL)
and ehall perform, comply with and abide by eaeh md every t6e stipnl~tions, st6reements, conditions and covenants of
esid promieeory natc and af this dr,ed, then thia deed and the ertate thereby craated shall cease and be nnll aed void.
1. The Mortgagor hereby covena~tta aad,aareea:
(a) To pa7 all ~ad sinNlar t6e pri~ei~l aad iaternt a~d M~~r w~ns ~f ~~s~ p~~k by ~irtae o( wid prom;swry oote wd t6is
dacd, er eit~er. P~P~J on rbe da~s rapaeei.elr e6e i~me ~e~vsra117 becomes doe.
( b) To permit, commit or nd[er no wspe ~ad to msintai~ t6e imprevemaaes rt aII times in ~ uue oi 6ued repsir ~sd coudition; and
to do or perm~t to be dane to ~aid prsmLes tb~t will alter rr t6anpe tLe we ~sd e6~nettr of said pre~tetp or in ~nr wiy
impair or weaken t6e uxnritr ~f this mort~ae.~A ig we of tbe reta~al, se~a er is~iilit~ ~t t6e Mertpa~r t~ repair ~ed mauain
uid propert7, the Mortp~ee s~a7, at hi~ e~iee, make ne~ reprir~ or c~we t6e urme to be msdr, awd sdraaet msne~~ in t6at br,ha~f.
( e) To pay all and sin=nlu the h:es, waanent~, levia, liabilkia, aad obUptioo~ eI ever~~ natan on ~aid ~ueribed ~?r~perty ncb
•1I1~ EYEY)' M~IEl1 dUt ~ni'l p~yable ~teordin6 te l~~r, betire ~beeoaae delisqeeat, ~ed to del~ver t~ t!u Mortpsee on ~r bdoro Marc6
. l5th of eaeh 7ur tR rceeipts evideneia6 t6e p~~ment of dl nllr impo~ed tues for thc preee~n6 akadur ~r; ts indcmaif~ the
Mortgaace upon hir demand for ~ll tues, ws~rnents and eLrr~er t6at may be aaaeed npon tLis mortp~e sn the indebtedseas ~ecured
hereby~ and p~id b~ the mort6s6ee, withont reaa~d to sn~ law beretoFore emcted or 6eresiter to be esaeted iopwia6 p~yment of the
wholt or anr p~rt thereof upon the Mort~asee.
(d) 'fo prr ati and ~in6nlar t6e c~ts, c~r6es and GYpENEi~ IOCIY/~IR~ ~iW]EN' Eed ~d abstnct eops reawnabl~ inenrral erpa id ~t
~ar time b~ tbe Mort6a;et becanse of the failore on the part d the Mort~gor to perform, eompl~ with arid abide b~ aieb md every
the sdpulations, tgeemeats, eonditions and covenrnu o( ~aid proroiaory aote and tlus deed, or eifher, aad every sucL pa~oueat ~ll
bur interat irom d~te at tiae rate of ten per centam per woma.
(e) It i~ further ce~enwntcd snd .Erced br .aidp~ rtiea 1L~t ia tLe event af a snit beia6 io~tituted te 3oreclere ihia moctpae, tLe Mart-
~a~ee rhal! be entided to appi~ at wa~ time peadiu` saeh fereelasnre sait to tbe ceart harias juri~dictiaa e6ereof for the ~ppsiomaeat
of a reeeiver ot ~ll and sin6nlar the mortb+~ed P~opeKY. +wd of all rcrts. ineome~, PreSta. iw~s and reveanea t6e~a~f, [rvm wLM»ever
~onrce derivcd; and tl~ereupon it i~ 6crebT expraily e~vemaud and ~are,ed th~t tbe Gart ~6all (~rthwith appoiat sneb recei~er witL
the nsnal powers and duties ot rereiven in like eae~; ted a3d ~ppoi~ta~ent rl~ll be msde by tbe eenrt as a uutter ef rtritt ri~6t to
the Mort6asee, uid wit4ont reference to the adeqaacr or in~deqnatr of the v~lne ot tbe propertf 6erebr mort~a~ed, or to tbe wlvency
or inwlveney of t}~e Mortga~ors or sn~ other psrt~ defea~t to sneh sui~ The Mortpaor 6ereb~ speei6cally waives tLe ri6ht to
object to tbe appaintment of ¦ reeeie-er aa aforesaid and Lereb~ expre~sly consents tL~t eoch ~ppointment ahall be made w an admitted
eqnity and ,ae a matter oi absolute ri6ht to tLe Mortp~ee wd tlr~t c6e same ma' be doae witlwnt eotiee te the Mort~a~or.
(t) It foreclosun proceedin~,s ~hovld be instituted ~pia~t tLepnpe rty cavered by tbi~ moct6s`e upea a0~ othsr lieo or elaim w6et~scr
alle~ed to be cuperior or junior to the lien of thu mortaa~e, the Mort~a~ee m~y at hi's optioo immediatel~ upoo institution nf such
enit o~ durenE the pendeaey the~eof dedare thie mort6w6e uid tbe indebtcdneea eecured hcreb~ dae and p~rible fortMrith ~nd roay at
~ it~ optioa procced to foreclo~c this mort6a6e.
(6) T6at the Mortpror will keep all real snd persoml prope~ now or 6eredte~ encumbercd bT the lien of thie mart6aEe inaured
as mar bt reqaired from time to eime by the Mortsa~ee apewt lea b7 6re, windstorm and other hasarde, caeualties snd eontioaencies
for sacL periods and for not lds tl+en sneh ame~mn eo mq be ~qnired b the Moet6a~e,e and to pay prompdy wben dae all premiume
for ~uch insnnnce. The ~mounu oi 'ruura~e rcqaired b~ ti~e ]I[ort~a~ec ~1 be tbe minimum smounu (or whieh said iuenrr»ce ahall
be writtcn w~ it ~hall be iocnmbent npN ibe Mort~pr te m~iatsia s~eb ~ddition~l imnrance as may be necas~r~ to meet and eon?ply
tully with aII tsin~ur~eec requiremenu tostaintd ia said peliti~s to the eed tbat t6e wid Mortpsor is not a co-iaearor tLerenn~er.
Imuranze s6alY be wriuen b~ a company or cemp~niesappr~ ved or daip,.ted br e6e ManKraee ~nd allpo licits aed raetwaG thercof
shdl be hcld br tbe Mongasee. Al! dctail+ed de~i~tioer b~ tbe ~ort6a~or wt~ic6 ~n a +ed b~ tbc Mart~{s~eae aad ap a~ree~rente
betrveen Moctp6or md ~I~rt~a~ee reLtina ts f~6t1hEE~ ~OM ES~RlA6 Of IfE~ti~ftT ~~t. ~ b! ~A ~R1t106 aOd ~iII b0 1 part ot this
mort6aae •sroemeut as loll~ ar t6ou~6 ~et fortle verbatim Tiereit~ md sball 6ovrerr bot6 pirtica hereto and tbeir roccc~aon rnd issi6ne.
No lien upon an~ d~aidpo licie~ of insnraace or upen u~ rdnnd or retnro pnminm whieh way be ps~:ble oa t6e uncellalion or
termiwtion thcr~f. sball be ~vea to wLer th~m tbe Mortp~ee, escpt by~ proper endorsem~eat a~iced to such policy aad approved by
Mort~a~x. F.~eh polic~ ot insursnce eball bue a~zed tLereto a Standard New York Mort~s see Clansc withont Coiotribntioo, makin~
¦11 los~ or lo~sea m~dtr ~aeh palic>p~ >~ble to the Mortp~eee a~ it~ interdt mR' ~pair. In t~e r.vent ar~r a~ ar wm~ ~f mooey beeome
a~yable therennder tbe MoRg~Kee s6r11 6ave the optioa to rea~ire and app
Ir t6e same on arcount ot t6e indebt~ iureb~ eetared,
or to permit thc Mortp6er to rcceive ~nd nse it, ot anr p~rt tLrreoi, withom tberebr rraitin~ or imp+irin6 sn7 eqnity, lie or right
under and br vitt~ of tLi~ mortpae. Ia event of loa or p6ysieal drm~~e to the mort~~ed propeeq the Mort6a~or siud! ~ve imma
di~te notite thereof b~ mail to t}ro Mortss6ee snd t6e ~octsaaee ~oar make proo( of lose if ibe s~me is not made pr~mptly 67 tl~e
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