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PROVIDED, AL~PAYS, cb~t ~f tbe Moct~aor s6aU pay unto the Moetaa~ee the indebtcdnas e~vidcnced by s
n+rtain prami~orf note ot which the follo~ria6 in ~ra~ds aad ~~res is a true ~py tawit:
. /KON~~ IY0~1 ~
s 1~25Q~00 1Niami. Florid~ gOr~b~l' 19 _ 19 ~
FOR VALUE RECEIVED ~ 3O~IIt~ a'~ aryr~~ promise to pa
co ihe order o 1 e~ s~ ~ ~
`che principal si~m oE ~ T~y ~rd toeether with intens~
chereon irom clate at the rate of ten p~rcent. per annum until maturity. both principat and interest ba~gpa qable in
lawful money of thc Uniced Staca ac 203 Ro~er Building. Miami. Florida. or at such och~r place u the holders Fiereof may
designate in writing. Principal and anterat payable in installmenu as follows:
Thirt~-lK~ (~3 .00~ Dollara p~r ~wnl~b~ Le~inaiag oa ~h~ 15th dy?
o! Jaanw~, 196~! a~d ooa~iauiag on t~ 15t dq o! oaoD w~d ~wr~
ooath th~r~attes n~stil paid ia lhll.
;
` This note may be prepaid in ~vhole or in part aEter one year trom the date herec~f upon paynunt of a penalty
! equivalent to two percent of the prince~al sum prepaid.
Each installment payment shall be credited Eint on the interat due. and the remainder on principal: and interest
; shatl chereupon cease upon cht principal so crediced.
The makers and endorurs of this note further agree to waive demand. nocice of non-paymenc and procat. and
in che event cuit shall be brought for the coUection hereof. or the same has to be collected upon demand oE an attorney.
co pay teasonable attorney i fees for making such rnllection.
Deferred payments hveunder shali beu interat at the nte of ten percent. per annum from m~turity until paid.
This nore is secured by a mortgage of ~ven date hutwich and is to be construed and enforced according co the laws
~f che Scate of Florida; upon deEault in the payment oE principal and/or incerat when due, the whole sum of principal
~ncl incerat remaining unpaid shall. at the opuon of the holders. become immediately due and payable. .
+:illia..~ :;el~:er Gtri.nnup ~Sgpi,~
Joyce ~rlene G?~r~nnup ~5~~
1
and ehall pedorm, comply with and abide by each and eve~* the ~tipulations, a~reemente, conditions and ooveaanta of
said promiasory note aad of thia deed, then this deed and the atate thereby created sball ceaee and be nnll and void.
' I. The Mortaaaor herebr oovenanti and aercea: -
(a) To p~~ rU aad sinsulu tbe priDeipal ~nd iote~dt md NLer ~uau st m~ae~ pqable by ~irtue ef wid promiwq note aod thiu
~ deed, or either. promptl~ on t6e da~s rapectivd~ tLe ~ame ~cvm117 beeann dae.
(b) To permiy eommit or w~er no rrute and to auintain tbe improvemenu at all timu ia • atate o( 6uod repeir ui e~nditi~n; ~nd
to do or pe~it to be done to ~aid premises nothio tlut ~rill dter or ebao6e tbe nse ~nd e6~ncter o( wid pr~pat~ ~r io as~ Mar
~ impair or rreake~ tbe seearit~ of tLi~ mort6aBe. A~ ie cue of tbe refwal, oesleet or iwbilit~ ot t6e Mertp~~r t~ rep~ir and mai~uin
~aid propeit~. tLe blortP6ee aap. at 6ia eptioe. a~ake ~nc6 repin er nme tLe wme t~ be eyde. a~d dvs~ee p~ner ia t6at be1~1f.
(c) Te pay aU and sin6ular t6e tud, ~eau, levier, IiabiWiea. aad obliptioos e~ ever~ estwe ~o Mia iesetibed pr~paty ach
asd e~erp Mrhen dne ~nd parable aceordins to laa, before t6c~ beeome drli~queot, ~ud te ~dcliver t~ t6e ~ort~pr~ee oe ~r bdare iLrc6
1St6 0[ easb Tear t~ reea~i e~ideaeias t6e p~~ent ot dl ja~rfull~ impo~ed tua for tbe preeedins aiead~r ~ear; te indemaif~ tLe
Mortpsee apon !w demand (or all tuea, awea~meau and elti~~ tiut may be asseaxd npon 1Lis aortp~e ~n ttie iadcbtedeer ~ecored
herebr, and paid b~ tbe mort~Ree. ~+ithont reprd to ~u~ lar+ beretofore enacted or 6ereafter te be ea~ctcd iopasin` pqmest of tLe
v?6ole or anr part tbereof upon the Mortsa~eeee.
td) To pq dl and ~ia`ul~r tbe ewu, e~r6es aad ezpea~es. isdudins la~en' fcea and ~bsuaa casts reawn~bl~ :ncorred ~rw~ d u
m~ time b~ tbe Mortpse_ becawe ot tlu f.;lure •n c6e p.r~ ot ~he Ner~6.aor perio~m. complr ~~6 .sd abide b~ aeh .aa e~ery
i6e ~tipulations. ~Breemeats, conditions aad eo~eoantr ot wd promiswr~ note ~nd tLis deed, oc eit6er, and e~eqr ae6 w~mest ~6d1
bear interat iwm d~te ~t the nte ot ten per eentum pu anunm_
(e) It is fort6er eo~eoanted and a~aeed b~ wdp~ d tLat ia the event o( a anit beinE ia~tituied to fereelo~e 1Li~ mortp~e, t6e ~l~rt-
paee ~hall be e~ided to appl~ at an~ time pendiu~ ~ocL toredwure snit to tbe eoart lyvin~ jnrisdictioo ebeeed for tbe ipp~imnoeW
of ~ reeei~er eI all asd sin~ular tLe moctP~ P~P~7s and ei all renls. ioeooa. Probu, i~wes ud rerenaa ~bereaf, [res r~MNe~er
w~.ree dui~ed; md ~6ereupoa it i• he~cb~ esp~l~ eoreo~sted snd •~eed tL~t t6e Cenrt ~6d1 fert6rit6 appoiot web reoei~er with
the osoa! powen aod dntia of reeeiven in like cre~; aad ~aid ~ppointmeat ~6all be made b~ tbe eourt as ~ m~nu oi Mriet ri66t to
tLe ~ortpsee, ~od ~vit6out rcference to tht adeqwer or inadeqwcr of t6e valoe o( tbe prope~ berebr mortp6ed, or to t6e wheoe~
er inNlvene~ ef du Mort6a6ors or ~ny ot6er p~rt~ de(wdwt io suc6 sniL The ~Jlort6s6or 6ereb~ ~pcei6ta11~ waives tbe ris6t to
ob~ea ~o ~e appo;n~me~u ot s Kcei~er .s afo~w~d and Lereb~ acprc.alr cw~seo~s chae .aeb appointment ~6a11 be m~de a~ ~n admided
eQait~ ~nd w• m~ttcr ot absolnte rislu to tbe Mortp~ee aod ~t tbe samc ma~ be dooe without aotiee ts the lltortpser.
(t) I( toredosure proceedinEs s6onld be inKituted ~pinst tbepr
opertv covered b~ tLi~ mort~~e apoa ~ other lim or elai~n wbdber
dlesed to be superior or jnnior to the lien of thia mvrt~`e. t6e biortsa6ee ro~r ~t hu option immediatelr npon io~titution ef sutL
~ wit or dnrin6 the pendeoer thcreof dx4re this mortp~e aed tbe indebledness ~ccored 6ereb~ doe u~d p~rsble fort6~rith ~sd ~wr ~t
~ ib optioo ptocetd to (oredo~e this mortps~
(a) Th~t t6e Ddortppr ~riil keep ol ral aad penood prope~ no~+ or 6ereJter tocumbered b7 the lien ot thi~ m~rtp~e inwred
~ v uu~ be required trom timt to tune b~ t6e Mort~soe aitie~t las b~ 6re, aindsivnn ~od other hasards. casual~ip and contin6totie~
tor sncb periods and tor not Ids t6an sueh amounb a~ ay~ be reqoired br ibe Morip~ee and to WJ PrompU~ abta dne dl premium~
~ for ~nch insursnca T6e ~monnb oi insunnce reqaind b~ t~t Diort~6ee sbdl be the minimam ~mouau for Mrhich wid iowr~nce ~hall
~ be r?rineo and it ~Il be ineo~obeot upoo 1be Mortppr t~ maiauin saeb additiond iaaranct a~ ma~ bt necewq to meet ~sd compi~
(dl~ wit6 all coio~oraace reqairemmu cootaiaed is aid Mlieies to 1be eod tb~t t6e wid MoripEor ia not ~ caiosaror ~heremder.
e
Inaeuance ~halr be written b~ a eompau~ ar eomp~nies app~o~ed or deai~ted b~ tl~e Mortaasee aed all lieies ~nd ~w.evnls thersof
aLdl be 6eld 6~ tbe Mortp~oe. All deuiled dai~tioe~ 6~ t6e Moctp~or Mr6ic6 an accc~ted b~ the ort6asee and dl ~srewcnu
betwem 1[orys~or aod Yoctp~ee relatina to i~~nsee. Qo~r e~tin6 or hereJter m~de, s6dl be in ~?ritioa and rhsll be a part o( t}w
mortp~ye aaeeme~ ~ fap~ as tbooda ~et forth ~erbatim herein and ~11 6overa bw6 putiei bereto ~nd tbeir saecawn aud aniaw.
No li~ apos ~ d raidpo lieie~ o( inwrance or apoo ~n~ re(und or return prrmiu~o w6ieh ma~ be p~yable o~ ~Le aneellstioa os
termination tbereof. s6all be si~ea to otbet t~ tbe ~dortpset, e:cept b~~ propes endotsemeM a~cd ts sacb polie~ aad ~pproved by
(~(ortp~,ea F.~eb p~1ie~ of insaranee a~ll Lue ~Sed therdo • Studard 1~Iew York Mort~a ;ee Clawc .+itboat Coavibntioq mslin6
dl los~ or loMCS mder poUe~p~ 7nble to tbe Mortp~ee as ~ interat ma~ appar. In t6e rveat an~ qm or sm~ of moser beeome
pa7able tbercaader tbe lYlort6sRee alull ba~e tLe option to Kcei~e and ~p~lr t6t ume on ~e~omt of ebe indeMedaa~ hereb~ ~eea~ed,
or to permit the Yertaa~~r t~ reeei~e and me it, ~r m~ p~rt t6ercof. ~ritLoot tbereb~ w~irin6 or impairin6 u~ eqoitr. liee; or rislet
- nader ~nd b~ ~irtae ~t t6i~ mortp~ Ia ere~ of loM or p67uca1 dawa6e to ~he mortRased propert~ tbe Mon6a6or ~hall ~ve imma
di~te notiee tLere~f b~ mail to tl~e Mertpsee ~nd the Moripsee mq make psoof ot I~ss if the wa: i~ aot made promptl~ b~ tbe
. . Bo~~ 160 ~~E 33~
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