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PROViDE,D~ AL~VAYS, tba: it t6e Mor~saaor .6ati pay ~~Q the Mort~asee the indebtcdnees evidenoed by ~
certaia praniawn aote ot ~r6~ch tl~e [ollowin~ is ~ords and fi6ura is true oopy to-wit:
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! s I1[iami, Flotid~ 19 _
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, FOR VALUE RECEIVED Y!~ ~w ~~~1~ p
m~ise~topay ;
(}o chc order o~db~~i't Ri Chman aII o s~1 •
; che principal sum of w DOLLARS. together with interat
~hereon f~o~n ciate at the ratt ot ten percent. per annum until maturity, both princioal and interest beingpa
yable in
lawful money of the United States at 208 Roper Building~ Miami. Florida. or at such ottier ptace as the holders hereof may
~ designate in writing. Principal and interat payable in iastallments u follows:
~
' lws1~lin (i~S•oo~ Dolias~ ~r .eNY ti.~La.i~ .w tl.
; ls1i~ My at 4ol~1~s~ 19ii~ a~M ~tlwir~ oa 1~ lslr ~a,y
~ o! M~i ~M ~as~? ils~ti~s t~t~il ri~ 1s lhll.
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t Thes note may be pre+~aid in ~vhole or in pan after one year irom che daee hereof upon pay~nent ot a penalty !
~ eyuivalent to two percent ot the principal sum prepaid.
! Each inscallment payment shall be aedited first on the interest due, and the remainder oa principal; and interest ~
~ shall thereupon cease upon the prindpal so aedited.
! The makers and endorsers of thu note further agree to waive demand. notire ot non-payment and protest, and
( in the event suit shall be brought for the collection hereof. or the same has to be collected upon demand of an attorney.
! co pay reasonable actorney's fees for making such coilection.
i, DeEerred payments hereunder ahall beat interat at the nte of ten percent. per annum from maturity until paid.
This note is secured by a mortgage oE even date herewith and ia to be consuued and enforced according to the laws
~ of che State of Florida; upon default in the paymtnt of principat and/or interest when due, the whole sum of prinapal
and interest remaining unpaid shall. at the option of the holders, become immediately due and payable.
Jame s B. Banghmaa ~ ~5~,~
Lilliaa Baughnaa ~
~sEnt.) ~
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~nd shall perform, comply witL and abide bJ? eacL ~nd ev~ry tl~e Nipnlatiow, ~~rCemenu, eonditions and coveaant~ of i
eaid pmmeasory note and of t!w deed, t6m tlw ~leed ~ad du atate thereby ueated sball cea~e and be nnU aad void.
I. The Mortga6or l~ereby oovdaaAt~ and aareea:
(~l To p~~ all ~sd ~i~pl~r tie ~ri~eipd ~sd i~terat a~ ~dwr s~nr ~t swe7 M7~ by ~ietue ~t pid pr~miwq note aod tbi~
d«d, or e:tLer. w'~P~7 w tLe da„ eerpectivd~ t6~ ~e ~enll~ bea.sis dre.
lb) To pessiy e~mmit ot wEer a~ ~r~te ua t~ oaiwai~ ~Le.ieprove~staW at all tisa u• Nate ~f ~wd rep~ir ~i csoditi~n; snd
to do or peraiit to be d~ae t~ qid prrmiw ~wLi~ tWt ~rill aker ~r eLu~e t5e Me ud dnraeter ~f ~aid pc~peet~ K in m~ ~+~y ~
imp~ir or weakm the ~f tbis M»~a~s. ~ ir ea~e oI tre rdwl, ~e~bet ~r ia~iiit~ d tbe M~rtps+r t~ e~eptir aed w~suis
wid propert~. t6e li[ortp~ee wy ~t. L'a ~ti~ o~ke ~aeL reain ~r nwe tbe wme t~ be w~ a~d ~ra~ee w~ne~~ u tL~t bd~li.
' (e) T• p~r all ud ~ia~lar tbe t~tes. aMCwaea~s. kvits. li~biliti~s. ud obliptiw ~t~ a~tvt M wia ie~eri~ei r ~at6
u
~ a01~ E~It(~ M~EO dOE ~Oa ~K~O~ l~ VM~ ~~~'O tiEt001E {{l~~p0lM~ Yd l- ACi~Ylr ~E ~M~f~EL M K~ Yit~b
lSt6 ot aeh ~ar tas~p~ evideoeiw~ t6e p~~t d~lI L~rfnll~. ia~p~d 1a~s tor t6e qeoedio~ ale~d~r ~ar: t~ iadaa~ii7l ~6c
i 1K~s~R~ ~P~ 6i~ demabd Ior dl tues, a~meota aad e6aqs tbat ou7r be aneaea opew t~is ~etp/e ~o t4e iadcbte~w ~eeured
4 hersbr. and p.id by ~,e mor~6aRee, .vi~ho~ reprd to as~ lax 6eeet•%re enaeted or 6ueafter t~ be es~cted is~siai p~~eat of t6c
~r6oie or wY part t6ett+( apon the M~rtp~et. _
F (d) To pq aU ~nd ~in=ul~r t6e e~, ~ ud apea~e~. i~dudia~ I~w~en' fea ~ ab~t?~ct cwu reawn~bl~ iaaured ~r~u d~t
, oa
~ .n~ ci.~e b~ tbe l[•rcptee bee~we of tbe ~iloce ~s tl~e put ~i tbe M~rtppr u Paform. udPb ~t~ a~ abide b~ e~e~ ~ad s~ery
~ t6e ~tipat~tioe~, a~eemab, eoeditiera and csrewnu e1 wd ~i~~ oNe ud t6is ~ed. ~r eitl~, ua e~eqr wer M~nnc~t ~6d1
be.r ;mera~ thm date at tbe ra~e .f tea ~er caumn per ~~w~o.
ree
~ le) It u tor~6er e~•eo~nted ~sd s6reed b~ ~ud ttit i~ tbe eveet ~f a suit beis~ iMtitmed t~ l~reel«e t!w mo~tsye. tLe 71t~rt-
E p~ ~6.I1 be estitied t~ ~ppl~ u aq tive ' i web f~red~wce wit t~ t6e eNrt rwi~~ j~w e`ererf iK tre ~i~t~est
~ ~t a reeeiver ot dl and sin~al~r tLe m~rtp/cd PnPut7. w~ dl rea~b i~e~sa. N+Sv. ir~ s~d revea~ea d?ece~f. tsoo~ wiw~a~er
source de~ired; and tbereupoa it i~ 6ereb7 ~ e~r~ted ~d asneal tlrt tLe (~3~ut ~6~U t~etM~it6 ~ppoi~t nei t~eoei~er witi~
tbe e~oal powers asd dstia et reeeivus iw li~e e.a~es: ~~~iwuwR i!l be ~ie b~ the e~art ytter ~i auict ci`6t to
t6e ~[~rtpsee, ~ad ~ritheot retecwee t~ t6e ~dequae~ ~r iwdeqo~ey o( tLe vdoe ~f tLe ptopatf berrby mert~~ed. ~r te t6e wiveac~
~ ~r uwhene~ d the Mert~ason K aa7 stbe? Puty adeod~et M~re6 taiG 1Le ~I~rti~6o~ ~7 M~~&all~ rai~ra t6e rirbt to
~bject t~ t6e appsintmeat a reeeirer a Jorc~aid ~wd ~ereb7 ~PK~7 e~asead t6~t ~eh appoiwmest s~aU be a~de N w~dmitted
E cqnit~ ~ed ~••s~ner of abolwe risht t~ t~e Mwtp~se asa t~q tLe wne mnr be dooe «ritLort atice t~ ~he Alktp~~r.
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~ (ti U foreetosore preeeedia¢ s6~ald be imti~uted ~pirt t4~r~pcnf eorered b7 ttiia merts~~e !v7 ~t6er Ges K elai~ wLaber
~ aDe~ed te be sepeei~r or jmier to t6e liea o( t6ia m~ttp~e. tbe ~~rtp~te ma7 ~t 6u eption ima~ed~telr npon in~tiwtiea d su~6
e
t wit or daria~ the peedesey tbcreof deel~ce tiis s~rtp/e a~ ttie iwdeMed~as saved bereb~ doe a~d pa7nbk fartb~+it6 s~d ww~ ~t
t its ~pti~a pnceed a loreclNa tIw m~rtp~e. '
' (i) 1~at tbe Yartppr aill keep ol red wd pertwl tryeet7 uw ~c 4eredur e~c~aabered b~ tbe tieb of tLi~ m~rt6a~e iesrrcd
4 M nu~ be required trao dme e• w.e 6~ ~be Y~et~a~ee apie~ 1«s 67 ~*riad~nrs ~sd other iwarda, eaawlii~ aod c.ntia6eaeia
' for aacb period~ asd f~r not 1as tL~o sre6 a~~ts ~ re rq~irod ~t6e ~I~ttp~ee ~ed to p~~ Prosptlf r+6es dre dl premium~
s i~r ~nelt iawrtsea 11~e ~nsu ~f iowra~et reqrirei L~ tL~ 1[KtP fee 1 be tbe mieim~ amenaa f~r ahicb wid iwwranee diall
5 be ~rriqen ~nd it ~6d1 be isemnbwt yN tit ][~etppr t~ sw~is s~rei~ ~daitiwl ias~s~oee M au~ be neewaq ts a~eet ~ad co y
tdl~ ~rith dl t~iwn~ee req~ir~netat~ c~wi~ iu ~ Nlitie~ t~ tLe ~ad tlut tbe pid N~rt~sqr i~ eN • eo.insaror tAereun~r.
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~ Ia~annee ~1!' be ~+riMe~ b~ ~ eoopa~7 ~r aw~iu eei ~r daip~led b tM M~rtp~ee ~nd dl lieie~ asa ra~e~rds thercot ~
~ ~6sU 6e Wd b7 tbe ltortp~ee. AU ddailea deNp~tiw~j tbe Y~rtppr wLi are~pt
ed b~ the ~rtq`ee ~wd dl •srar~ueou
g betaeea Y~Rp~or aal Y~ttp~ee rel~tLi t~ i~ee, e:iqia~ ~r hee~eJter awd~ t~ll be ie wri~ise aad ~iuU be ~ p~rt of t!w ~
~ mort~e ~~eeoau r t~ r tMo~h ~et t~6 ~erbMis betciu ~ad ~ll ~oven botb puties 6eret~ ~nd tbeir wcca~on ~nd a~sipa. ~
~ No Ueo oyo~ ~r d wdp~
lieia iaa~ta~oe K y~~ r7'dmd x retu~s Prea~iu~+ rr6icL aw~ be p~~abk w t4 e~weellaliow ~r
te~.siaatio~ ebere~/. ~11 6e P•a~ u~t~ t)w ttis lbrtp~ esee~t b~~pnper end.rsa~ee~ .ised u.der polie~ awd •~nved b~
~ Morti~i~ Mli~7 ~f ia~nn~ae sdll l~e aitea tieseu • Sundud eT1 w York 1M~rt ~ee ClanK Mri~bwt Co~ttibwiow, m~kinR ~
~a n
~ dl low er lMSa ~ ne1~ M1ie7p ~7~able t~ tLs it~rtp/es a~ ib iet~t eu~ ~/pnr. L ereAt ao wm or ~osr e~ a~onep bKOme
~ par•bte ~6e?~eawder ~Ls ~[•rc~~se ~6d1 ~ave t6e ~pti~w t~ c~eoti~e asia~p~1~ tbe woe ~~ouot ol ~ indebted~eN herebr ~ecored,
~ or t~ penait tLe M~ctppr u reeei~e ~ a~a iy K rq Mrt t6se~f. writMat tbereb7 ~+~i~ia~ er irup~irie uf eqnitf. 1icu~ er ri~t
~ under ~ad b~ rirt~e 1~ ~Ktp~e, t~ tre~t ~f 1~ ~r pirjra! damase ~a tbe ioortl~sed ~ropen7 tbe ~on~`or shdl Ri~e iwa~-
di~te a~tiee t~ere~/ L~ ~ail t~ tLe Y~rtp~ee ~ad t`e ~1~Ap~e~e w~~ make proo( ~t lw it tbe wwe i~ ~ot eade Pr.mqlr b~ ~6e
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