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PROVIDTsD~, AL~VAYS, that if the Mort6aaor ahall pay unto the Mortga6ee the indebtcdaces evidenood by ~
certaia pro~miMOr~ note of ~rhieh the followin6 in word~ and S~res ia a true copy tawit:
Mar~o9s Nols
, f-~.~.'~' .~Qa.- Miami, Florida 1t.~1 9R_ 19 j`
FOR VALUE RECEIVED i~
~ aea ~~~lally promise to pay '
~u the order oE n~ ~ipil'ier
che principal sum o LLARS. together with interest
ihereon from clate at the tate of ten percent. per annum until maturity. both principal and interest being payable in
law[ul money of che U~ited Seates at ~03 Roper Building. Miami, Florida. or at such other place as the holden hereoE may
~iesignate in writing. Principal and interat payable in installments as follows:
~~h ~a~ ~a' ~d~ ~
1 St~c ei 1ity, 1~ ~a~i N~? ~ t s ta~ et
n'~ sail? ~s~wlN'Ns~~ ~sit is ttitll.
_
This note may be prepaiel in ~.hole or in ~~art aiter une ye:~r Irum the date hereot u~wn ~,a~ment of a penalty
eyuivalent to t~~o ~~ercent ul the ~~rinci~~al sum ~~reµ~id.
Each inscallment payment shall be credited first on the interest due. and the remainder on ~rincipal; and interest
shall chereupon cease upon the principal so credited.
The makcrs and endorsen of this note further agree to waive demand. notice oE non-paymenc and protest. and
in che event cuit shall be brought for the collection hereoE. or the same has to be collected upon demand oE an attorney.
; to pay reasonabte actorney's [ees Eor making such collation.
~ Defened payments hereunder shall bear interest at the nte oE ten percent. per annura from maturity until paid.
This note is secured by a mortgage of even date herewith and is to be construed and enforced according to the laws
, oF the State of Florida; upon default in the paytnent of ptinnpal and/or interest when due, the whole sum of principal
i ancl interest remaining unpaid shall. at the option of the holders. become immediately due and payable.
~ ~~lilll~ m f~~~na::ll (SEAL)
~ J~~::~~ ir ~._~n _:11
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and shall per[orm, comply with and abide by eacL and evuy the stipuLtione, a6reemcnta, conditions and oovenanb of
aaid promiesory note aad of thia deed, then this deed ~nd the estste tl~ereby creatcd shall ceaae and be nnU and void.
; i. ~ ~ortgaaor h~nby ~o~~~L .nd :~s:
~ To p~~ all ~sd ~in~nLr tbe pri~eipd ~nd interat ~nd ~t~er .oow .t m•ne~ p.~.ble br rirtae ot ~aid promiswq note and tbi~
i deed, ~r eitLer, PromPd7 on ibc d~r rapeeMrdi t6s Mme ~e+~nll~ bee~mc~ aee.
i
_ (b) To permit, eommit or nder a~ wraue wd t~ aainui~ t~e iopr~veme~U ~t all timet is • state ~t suod repair aea e~nditiN; ~sd
g to do or permit to be dooe to ~aid premiw sotLi~ t6~t will aher ~r ehu`e t6e a~e a~d e~r~eter ef ~aid proput~ ~r ie ~a~ vny
imp~ir or ~re~km the ~eearit~ ~f tLis mortp~a ~ u we of tbe re(md, se`lect er ie~bilit~ d tbe M~rtpter t~ rep~ir aod m~iet~u
~ wid propert~, t6e M~*tP~ee ~ul. ~t Li~ ~pti~u. m~ke wei repin er e~ak tbe ~~me a be o~de, wd adrasee m•oer is tLu 6e~1(.
(e) To p~r all ~od sin~ular t6e taxa. ~au, 1~via. liabilitiea. and ~bUptied ~fe~e~ eat~re en s~id aaeribei aeL
a
aad e~en wheo doe and pqable aeeordin6 to Lvn, befere ~beeome delisqaent, ~nd te ,deliver t~ tbe Moryµ~ee ae ~r ~re l4reb
1StL of aeh ~ear uz reeei ts evideaeins tbe p~~ment ot ~11 n11~ impaed uze~ tor t6e preoedia~ eakodar ~e~r; t~ indemnif~ t6e
ea p
Morts~sce up~n hi~ demand for all tues, we~nents aed eLu~ thu auy be as~aaed apoo t6» ooetp~e ew tbe indebta]eer ~eeoted
Lereb7r, md paid b~ the mortp6ce, aithoat reprd to an~ !aw beeet~f~re enaetcd or he~eaiter t~ be ea~eted impesiai pqmeat of tLe
~rbole ~r m~ part t6ereo( npon thc Martp~ee.
~ (d) To pq all ~nd siasular t6e eosts, elwr~s aod apea~e~, iodudins 1a~e~s' tees ~ad absuset eow rea~oe~bl~ inearred Kpa~ d N
m~ time b~ th~ 1[ortpsee beuase ot tbe (ailore an tLe part ~f ~6e Msrtpaor t~ pe~iorm, e~pl~ witL and abide b~ e~e6 wd ereq
tLe ~tipdatioas. ageemeats, eonditions ~ad eoven~nb of aid promi~wq note ud t1w deed, ~r eitLer, aad e~t.rp rueL p~7~oeat ~all
bear iatera~t from dau at t6e nte of ten per eeatum per ~ae~n.
(e) It is fnet6er ea~eeanted aod ageed b~ wdp~rtia t6~t ia ebe evcat ef a sait bei~ io~tit~ed t~ tereelek tLi~ mortp~e, tLe 1t~rt-
paee ~Lall be eatided t~ appl~ at ~n~ time pmd'wa saeb t~reclwaro sait te tbe e~aet ~vies ;ari~diaies eLenaf for t4 p~
i~eat
ot a~ivu o[ dl ~ud s;n~alar t6e mort6~~ P~'~4. aod ~E all reas. iocesa. Profib+ iMUa ied reven~a t~cce~i, [rom~wiiwevrr
~ wnrce deri~ed; ~nd tLereapoa it i~ Lcreb7r apr~17 e~veauted ~ad ~sreed t~t the Gnn a6dl (~rtln?itL appoist soeb e+eeei~ wit~
ehe ~so~l powen aod datia o[ reeeiven in like ea~c+~: u, ~aid app~i~tmest ~lt be m~e b~ the coort r~ m~tter ~t Mrict d66t te
- tbe lid~rt6~6ee. aod ~?it6out reference to tbe adeqa~e~ ~r in~deqo~e7 of tbe vdoe of tbe propert~ bercby moctp~ed, or to tbe ~olveae~
or iiwl~ent~ of the Mortp6on or an~ otber p~rt~ dde~et 1~ sue6 snit 1'6e Mortsa~or bereb~ speei6eap7 ~rai~es t6e ri6Lt to
objeet to t6e appointment o[ a reeei~er a~ atoraaid ~od ~ereb~ acprasl7 eoroents th~t ~seb aP~pointmem ~6a11 be m~de a aa ~dmitted
~ eqoit~ ~od d a maner oi absolnu ri~t to t6e Moctp/x aod t~t t6e s~me m~~ be dooe ~vith~nt aotiee t~ t6e Yortp`or.
~ (t) U(oreclosure proceedia~ a6ould be inKitnted apiirt tbe~pe rty eovued b~ tLis mortpje yron s~ otLer liea or eLie ~+LetLv :
alle~ed to be cnperior or jnn~or to the lien of tbis m~rtp~e, t6e Mort~a~ee tw~ at 6w optioe immtdi~tel~ npoo idtitntion ~f soeb
~ snit or durins t6e pendeoe~ tbereof d«lare this mortp~e and tbe indebtedocw ~eeured bcrob~ dne and p~~able f~rt6ait6 ud mq at
- ib option proceed to forecloae this mortssse.
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(i) 17ut tL~ Moctppr will keep all red md penood pr~petq~ ne~r or bereafter eneumbered b~ thc lien ot thu m~rtp~e iawred
r mar be required from time to ume b~ t6e ldoetp~ee apidt l~ b~ SrG ..indstone and otber lusards, uwalties ~nd cootin~esein
t~r sae~ paiod~ ad for aot las tL~n saeh ame~n as sq be tcqnired ~tLe 11[ortp~ee and to W7 Promptl~ v~Lea doe ~Il prem~o~w
~ for such insnranea 1Ue ~monnu of iawnaee rcqaieed b~ tLe 1[ortp~ee be tLe minimum ~mounts for wr6ieb wid inwnoce shdl
be nriuen wd it s~ll be ineumbeat npoa tLe Mortppr to m~idain soeL additioo~l iwonoee as ma~ be neawn to meet and eompl7
faU~ ~rith all e?inraruce reqaie~emeat~ eootsi~ed in Mid rlieies b tbe ead tlut t6e ~aid Mortpsor u not • eo-iowror tbers~nder
~ Iu~nranee sh~lt be writua b~ • eompany or aomp+aies~ppro~ad ~r desipsted b~ tbe M~rtpsee and all liae~ and rme~+~4 tbereo(
u
~ ~hdl be 6eld b~ tbe Mortpsee. All daailed :
esi~tiee~ bj t6e Mortp~or w6ic6 areaeeepted b~ the ert~~ee ~nd all
bedrem Mortpsor aa~ l[artia~ee reLtlns u iowra~oe, n~w ad~tins or haeatter madc, ~11 Le in wri~in~ and ~11 be a p~rt of tL'n
moet~ase ~~eanmt as Eoll~ r Wwsh ~et t~rth ~er6atim 6a+ein ~od rh~U 6ovun bot6 parties 6ereto aed tl~eir weearon and a~si~s.
' No liea npoe aa~ et ~aidpo
lides of insnraoee or npon u~ refnod or returo p~unium ~rbieh ma~ be p~~abk o~ fbe nnoeWtion er
~ tecmination t6ereof, ~6a11 be si~en to otber th~n tLe Mortp~ aceept b~ proper endonemeot a~ed to web polie~ ~ad ~ppro~ed b~
Mortp~ee. E~e6 polie~ d ia~annoe ~L~11 hue ~!'aed tl~ereto • Standud Ne~+ York Mort~asee Clanae M?it6oot Contribation, m~kina
a!! lon or lowea mder ~neL pelie>p~
>able to tLe Mortp~ee n ib interat ms~ appe~r. In ibe eveat ao snm or anm~ d mose~ beeome
pa~able thereander tLe Mort~Ree s}ull 6ave t6e optiw t~ teuive and ap~
l~ tbe wme oo ~econat o( ~ isdebtedsas 6ereb~ ~eeored,
or t~ pe~mit the M~rtaa~r N reui~e ~nd me it, or ~n~ p~rt thareot, wit6oot thereb~ waivins or impairin6 ~ao7 eqaiq, li K ri6ht
noder ~nd b~ ~irtoe et thi~ mortp~e. In erent ot low or pbrieal damase to tbe mortRa6ed propert~ tbe Mort~ssor rhall~e imme
e.
di~te notioe thenof b~ mail to the Mortp6ee ~nd tLe 1V~ortp6ee mar make proot of low if the woe is sot made proroptl7 b~ tbe
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