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PROVIDED, AI.NAYS, that it t6e Mort6a6or ~hall pay unto the Mortga6ee the indebtedaces evideaced by a i
oeetaun promi~wq note a[ which the [ollowins in wo~d~ +~nd 6gurea i~ a true copy to-wit:
~ Ma~`y~ys /Vot, !
( :1~~'~ Miami. Florida ~ui~Lrr ~~_19 ~
FOR VALUE RECEIVED w~ ~1~~ q~ ~1~
; ~ promise to pay ~
~
Iu the order at F~OY'T]_S vC-'^t:~12 i1DC i,~ll~ •
~ !fie pri~cipal sum of ~s DOLL.ARS, together with interest y
therrnn (rom d~ce ac che rate o[ ten percent. pe~ annum untit maturity. both principal anc! interest being payable in ~
~ laN[ul money ot tlte United Stata at ~~03 Roper Building. I±~,i~m,i, Florida, or at such other place as the holden hereo[ may
desig~ace in writing. Principal and interat payable in inst~llinentt as follows:
~ ~1~ h ~
i1'~+ri ~~5• ~ ~s1~a» ~ se~~ toe (y!~ ;
~~ti~ ~oatM a~ t~ 1~ M~ at ~~M ~r ai?~
1~tri~ o~ t1r 1~t1 ~~t Os`o~ae. l~ii. ~M oo~tiw~ tistil ~
1M 1}if ~y at fa~wti~~ 1!?l. a1 ti1~iNt ria~ ti~ tisi+rM ~Mil ; t
~wr iir ~M
'1'his m,te n~ay I,c ~~rep:ud in ~~hule or in p:~rt alte~ unr ye:ir Ir~~m thc d:~tc I~crcul u~N,n ~?a~•mcnt ~~1 ~,cnalty ~
ryuiv:~lent to tHC~ ~~errrnt ul tl~e princip•rl aum pre~~:~id.
Each installment peyment shall be credited tirst on the interest due. and the remainder un ~,rinci~,al; and interest
shall thereupon cease upon the principal so credited.
The makers and endonen of this note further agree to waive demand, noticc of non•~ymen? and p:otcst, and
in the event ~uit shall be brought tor the collection hereof, or the same hu to be collectecl upon demand of an auorney, ~
to pay reasonable attorney's fees Eor making such collection.
DeEerred payments hereunder ahall bear intaest at the nte oE ten percent. per annum Irom maturity until paid. ~
This note is secured by a mortgage of even date herewith and 'u to be construed and eniorced according to the IaN•s
f che State of Florida; upon defaulc ~n the payraent of principal and/or interest when due, the whole sum of principa
cl interesc remaining unpaid shall, at the option of the holders, btcome immediately due and payable_
David Kearse _ ~SE~~
Daisy Pearl Kearse i
~sEai.~ I
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snd shall perform, comply with and ~ide by eaeb and every t6e atipul~tionti a~ureements, condi,tions and ooveaant~ of
eaid promissory note and of this dxd, then this deed aad the atate thereby creat.:d ~hall cease and be nnll aud void.
t. The Mortga6or Lereby coveaants ~d a~ee~:
To pq dl aed siasult~ t6c ptiacipal ~nd intcrdt aed ~tluir anw~ ~f inenel pa7rable by ~inue at Mid premiwoq autc ~ad thi~
deed, or either. Promqlr on ~6e d.„ re.reeei•d~ ~be ...k .e.a~all~ be~ome. dee.
Ib) To pe~ait, cemmit or wEer no wr~te ~ed to maiau~~ ILt ispr~vcmeau ~t tU time~ iu • atqe ~t ~ood rep~ir as~ e~nditi~n; sod
to do or pC~f~l~l t0 bE ~IOpt f0 YId p~+taltfEf p01b~u~ th~t ~rill alter e~s~e tLe a~e ~nd ~6~r~cter o( wid
impair or wealceo tl~e seesril~ ~f ~hia moA~se. And ie we of 1be ~e( P~oP~7 ~r in sor Mr~r
~aid propert~, tbt lb[ortp6a ~7s ~ bi~ eptiae. make ~wL tep~in ~r a~e tbe~iuner t 6e w~id~ a~l~~adri e sfe r~i~ and maiwie
oe~~ ia t6~t bd~li.
(e) To p~r di aad ~insular t6e tua, a~eats, leria, liabilitid. and ~bliptioa~ ofever~ ~trre s~ s~id de~cribed pr~perty ae6
~ad every ~rben due and p~~aUle ~eeerdins to lav+. before Ibe]r become delipuea~ ~nd to .deliver t6e Mortp~ee es or be(ere 1d~re6
ISt6 of aeh ~ea~ u: reeeipb evideocias t6e p~yoent o~ all ~t~rfnll~ iopo~ed tues /or t6e
Monaaaee upon hi~ demand for all 1uea, ~se~uneo4 mJ eL~r t6~t ma be ~sspxd ~~~r ts iodemsit~ t6e
6ercb and ~d b tl~e mort ~ ~ ~O~p~ M tbe indcbtedaeM ~ecured
r. pi ~ pRee. wri~hont reprd to ~a~ lnir beretsisre enaeted or here~fter t~ be eo~eted iopMio~ p~pmeot ot t6e
vrhole or wr part thereof upon the Mortp~ee.
(d) To p~~ al1 and ~inanlar tbe co~u, cbu~a aod espea~e~. i~dudins l~~r~ee~' tees ud ~b~tnct eow reasonablT incurred erp. id ~t
~o~ time b~ the 1[ortp~ee beeau~e ot the failure ee the p~rt ot the Msrtpsor eo pedorm. eompl~ ~?i~h aad ab:de by eae6 .nd every
the stipuiations, ~srecmeau, eonditions and co.eaan~ ot .aid proo;,.or~ no~e •nd ~bis deed, or eitbe?, asd e~try we6 p~roewt ~11
bear interat from d~te ~rt tbe nte of ten per ecotum per amum.
(e) It i~ further eo~en~nted wd ~Qad b~ wid partiea tb~t ia t6e event of • suit beia` ie~tituted t~ teroelae t6i~ mortp~e, ~be a(Kt.
piee ~6a11 bc eotitled to applr at ~s~ wne pead~n~ web f~recl~wre ~ait t~ tbe t~rrt ~~rias j~ri~dielioo e6ereof tw tbe ~pp~iolocat
of a reeeiver ot .11 aad sin~alar ~be mor~p~ed proper~r, and all renu, inc~sa, Pro6u. iNUe~ a~d revesYa tbenaf. tcora wWtMevu
tource derived; and thereupon it i~ hereb~ espreMl~ t~~ewtated aod ~~ced ilnt t~ '4~Yrt ~6t11 fetth~ritb ~ppoi~t soc6 reoei~et wit~
tbe a~aa! po~ren aad dmia ot reeeivers in like ea~a; ~aa ~~pp~iAtment s6~ll be made b~ t6e eonrt r~ m~tter d Mriet ris6t to
the Mort6asee, ~nd writ6out rdercace to the ~dequae~ ~r ia~deqnaer ot the vdue of ~he propenr bereby n,on~6~d. ar to tbe wtvency
o~ imolvency of tbe Morts,sson o~ ~nr otber p~rtr de/ead~at t~ amb wit. Tbe Mortp`or berebf speeifiqll~ waiva tLt ri~bt to
ebjeet to tbe appointment o~ • Ktti~er as a(oreNid swd Lereb~ Ctprdslr eensenb t6at ~aeb ~ppeiatment s6n11 be m~de as an •dmitted
equit~ ~sd nutur ot abwinte ri66t to t6e Mertp~ee ~sd t~t the s~s~e may be done witbort ~weee t~ the Mortpsar.
(t) I( forcdo~ure prsceedin6s ~beuld be ia~tituted ~pirt tLep~.pen~ eo.~ered br mor~a.ae .pon •oy o~ber t;e. or cla~~n Mbnhcr
~lle~ed to be cuytrior or jun~or to t6e lien ot tlw m~etp~e. t6e Mortp6te mq ~t hu option immedistel~ upoa inatitu~ion e( w~h
anit or durios the pendeoer ~ered dabre tiw moetp~e aed tLe indeMed~tn .eer.ed bcrebr doe and p.rabk tsr~hMi~b .ad w..~
it~ op~ioa proeeed to foredose t!w won~s~
(s) Tlut the Moatppr wrill keep ol re~1 ~nd penoad properq no~+ or 6ereJtet encumbeted b~ ~he lien ot ~his m~rtRsse iasured
~ m~r be required from time to titae b~ tbe )Iortp~ee apiiW Iw~ b~ 6re, windatono ~nd odxr haards~ c~awltid ~od eeotinRtscia
(or soch periodt snd ~or aot !ps tb~s sncb ~m~uels as wy be reqaired by t6e MoetP6ee ~ad to pq Prowpdr v+6ea dne ~11 premium•
(or ~uch inwnsca Tbe uaounu of iasarasee req~ited b~ tLe Yo~tp~ee ~11 be tl+e minimma amounu (or r?hieh wid insuranre shall
be rrittcn aad it s6d1 be incambent ~poe tie 111ortp~ t~ s~iafain ~oeh :dditioad in~~iaoee a~ m~r be necps~ry to mM ~nd co~uply
(olly vnith aU eoi~anaee reqoiroa~enu coeuised ia wd pdieier i~ the end tlwt tbe wid Mort6a`or i~ not ~ caimuror thcreunder.
lnuraace s~lf be MR1lC0 dJ • eompan~r er ewapyies ~ppn~ed ~r dai~osted br t6e Mort`aste ~nd allpo li~ie~ ~ed rtaewds tl~ereof
~11 be beld br tLe Mortpiee. All deuiled daipwti~es b~ tLe Mortp~~r i+bicb ~re ~etcptcd b~ the Mort~aee ~sd dl •6reeaueou i
betwea~ ~[ortp~or ~sd 1l~etp~ee rel~tis~ t~ inwnmce, Nw esitins ot hefea(tK made~ ~11 be in r+ritinR and ~6SII be ~ p~rt of thu
mortp~e ~~reemeat ~ tollr r tisn~6 ~et f~ ~erbetio buris aad ~11 aover» botb p~rtie~ berete ~nd t6eir qeea~ors and usi~ws. ~
No Ijea opos aq ~I widp~
liae~ d iasun~ee ar npes ur rdnnd or return premium ~r6ieh aur be p~yable o~ tbe uncells~ioo or
terraination t6ereof. ~bdl be sivea to otber 16~w t6e Mertp~ee. eiecpt b~~ proper endorsement ~~ed to sue6 polit~ aad ~pprorcd b ~
Mortsajet. Eae~ pdier of iw+u~nu abdl b~e ~itea tLerq~ s Standard New• York Monp 6te CI~uK Mritboot Co~tribution~ m~kie~ ~
all loss or lw~e~ aodu ~ae6 p~lie~p ~~nble t~ tbe Mertp,ee n iu iateee~t m~Y ~ppear. tn Ibe e~reM ~n~ ~um or annu o~ moner 6?~ome ~
par•bk ~bereooder ~be Mon6.Ree ~6d1 6~re tbe ~ptios t~ reesi~e and app1~ ~be ~ame en ~~~oum ef tl~e indebtedsew he~ebr ~ecnred.
or to perenit the N~rtpnr t~ reeeive ~ad we i~ ~r wy p~A tbueof. vnit6oot tbereb~ M~~r1A6 •r imp~iria ~7 eqoit~. lienr o~ riRht
. nnder ~od br ~irtoe ~f tLi~ mortp~e. Ia erest ~f Iw ~r p`~sir~f d~n~a`e to the mortlo~sed R~epe~t~ ebe ~~rtlt~6~r ~hal1 ~ve imin~-
diate nNiee tbsa~ b> >aail t~ tbe M~rt~a~ee ~ad t6e M~rtp`re a~~y m~ke proof of loa i( the wne i~ vet m~de pr~mp~lr b~ t6e
` ' aoQx 157 PA~E ~
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