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PRQVIU6I~ AL\IAYS. tb~t i! tbe Mortaa~ ~ll par unto the 1ltortRa6ee tl~e ind~bteJneM r~~drn~ed by a
oanai~ pe~aoi~ ~ote ot ~rhicb ths Iollowia~ iu wonb and fiRu~a is a true copr tawit:
~ A'~aN~90~ ~O~
l~ 6175.00 ~e;,,a;. ~~;a; D~o~b~r 16 19 ~
( FOR VALUE RECEIVED a~~t~,? P~~~~r
I to the order oE IiOK:-tI$ l~OT
the principal sum of ~ ~ DOLLARS. together with interat
i chereon [rom clate at the nte of ten percent. per annum uaW maturity. both principal and interat beingp~
yable in
lawiul moncry of the Uniced Suta ac 203 Ropa Buildiag. Miami. Florida. or at such ocher place as che holders hereoE may
f designate in wtiting. Principal and interat yabit in installments as foUows:
0~-Bna,dreQ-!it~ Cs1S0.00~ Dollars per aoath~ b~giuning an tl~ 15~h a~
ot ~•bruasy, 1968• aad aontim~iag oa ~h~ 15th aoy oi •eaL aad •~nr~ ~
aost~ th~rea~tter until paid in lull. ,
r
~
;
This note may be prepaid in whole or in pan aiter one year [ro~~ the date hereof upon paymtnt oE a penalty
equivalent to two percent oE the principal sum prepaid
Each installment payraent shall be credited fint on the intaat due. and the remainder on principal; and interat
shall thereupon cease upon the prindpal so aedittd.
The makers and endorsers of this note furtha agree to rvaive demand. notice of non-payment and protat. and
in che event suit shall be brought for the collection hereof. or the ume 6as to be collated upon demand oE an attorney.
co pay reasonable attorney's fea for mating wch coUation.
DeErrred payments hereunder shall bear intaat it the nte at ten percent. per annum from maturity until paid.
This note is secured by a mortgage of even date ha+e~vith and 'u to be oonsuved and enforced according to the lav~
of che State of Florida; upon default in the pa~mnent oE prindpal and/a~ interest when due. the ~vhote sum of prinapal
, and interat rtmaining uapud shall. at the opu~ of the lwlden, beoome immediately due and payable.
John ivory ~SEAi,~
~saor~ia lvor~ (~EAL)
and ~hall per[orm. rnmply with and .b:d~ br each aud evety the stipulatiowr aRrecmrat~, cooditiow aod covenant~ o( -
saiJ promiswry note and of thi~ dexd. thea this deed and the estatt thereby c~eat'd ~hall cea~e ~ad be oull and void.
1. The Mort6a6or 6ereby covenwt~ and asrees:
1~1 T~ p~~ dl ~d ~iu~nlar dm priaeipl ~sd i~terat ~ed ~tMr d m~aef P~l~k by ainue ~id pr«aiw~ry au~e ~nJ ~bi~
dced. ~r eitLer. ~wWir ~n ~e d~p respec~i~el~ tbe ~e ~everall~ beeNaa dre.
Ibl T~ pen~i~ e~it ~r q~tt M M~t ~Od 10 W~~AI~~~ IL[ WpfOYt~lM~ ~1 dl timq iu • Natt ~o~d tep~ir ~ c~nditi~~: ~nd
te do or pe~nit t~ be d~se t~ s~id prcmiw a~tbie~ tl~t ~rill ~htr ~t ch~w~e tbe re ua ~r~ctc~ wiJ ~n/e~t) w in ~o~ wa~
~ imp~ir or weake~ t4e ~ee~rit~ ~f tLi~ ~r~{~Re. And iw tye ~f tLe refwd. ~t~4ct ~r io~ilil~ d ttit M~rips~r t~ rq~~r ~nd n~iw~~
~aid Pr~put~. t6e 11/~rtP~ee M~. M W~ptioa. oake s~ck repin er enwe t6e wae t~ be ~ae. a~ Mivawet whwel~ i~ be6d(_
Ic) T~ ay dl swd sia~? t6e u:et, weww~ea~. Ieries. li~bilitie~. asd ~blipsiw treq ~~e M~ ~acrileJ ~rpntr ~xh
•wd e•eq ..6ew d.e .na ~.rd.le ~ce~?dis~ I~~r~ bet~re t~er beceae delipue~i. ~ed te ~elioe? t~ tbe M~fse w~r eef~re M~rc6
IStA ot ach ~e~r t~= rcteipu c~idcncia~ tbt p~7~w~ewt ~f all I~~+full~ i~npNCd 1a:es for tbt preotai~.ede~t ~ar: b indcmwify the
Mettp~ee ~p~a his daa~nd !or dl u:u, aYe~anenu ~sJ ed~p tlwt ewr be ~ ~p~w ~i~ s~et~/t ~u tre iwdeMedwer ~ecured
bcrebr. aod p~id b~ tht mal~Ret. .~i~how rep.d ~e •e~ tn+ be~et.tKe ta~eted et here~ftrr N`e ert~ta iNMi~i M1~41
v.helc ~r u~r p~r~ tl~ere~t npon tlte Mortp~ee. ~
• w
lal T~ yq dl ~od w~a1~r t~e cNU. rlwr~n aad e:Petie~. i~dudis~ lan~ees tea oa ~Mtr~et c~w tsaMw~blr iscrr~sa ~r id ~t
sw~ tiwe b~ c6e Y•np~ce bee~wr of the f~ilure ~s tbe part ~f IAe M~~tp~r t~ perlono. ewpl~ wi~ u~ ~di~e b~ aeh • everr
t6e ~tipuluisw. ~peeaKwu. conditians •nd e~vcaanu o/ s~id ~r+siwoq n~tt ~wd tbir itea, K eitier. sw~ ererp wt~ p~ewt ~11
6e~r iaterul (rNn d~te st tbe ntc et ten pcr c~e~n pct w~s-
!el I~ i~ frriher e~•cwntea ud ~pecd b~ Nidp~ rtie~ tdt u the evnu ~f ~ suit bei~ iwMit~tea t~ I~teelMe tri~ w~rtp~t. ~ic ~1~rt-
Pf~ ~11 be eetitled te aMl~ at aq ~i~e pendir~ ~~cb fKed~wee ~ui1 a t`r ewt Vv~ j~ei~icti» eret~ed fK tie p~~iM~ent
d~ reeeiver d dl ~sd ~iwplar tbe m~rtp~ed Prpe~tr. wa ~f dl ~e*u. i~c~w. M~itr. irwr ~wd ee~ewa ~ie~f. (rw vVwever
w~rce deri.cd; ~wd t6croupon it i~ bereb~ e:prealf e~~ewuted u~d ~~reea tVt ve ~'wtrt ~ll ~~ttMritl~ y~~i~t wcti tetei~rer with
t6e ~~al peren ua d~tia et reeei~era :e like ea~es: ~si ~~~i~tn~t ~11 `e sde r7 tbe cwrt M~ wMt~* s~ ~lriet ri~M te
tbe MKtp~ee. and ~+itb~rt rdercace te the ~deQwc~ ~r is~dewef oI tlK vdut tLt prperl7 Ae~eb7 m~rtR~~. K to ibe wlvtncr
~r iwl~eser ~f tbe Alsrtp~on ~r ~n~ etbcr p~r~~ deteadut a~YCb sui4 'lLe 111~rtp~ter ~7 Neci&all~ wai~a t4 riRAt to
~j~et t~ tie ~p„i~tme~t ~f ~ teeeiver dxeMia ~wd 'aersb~ spreMl~ e~n~ewe~ ~t wel~ ~/~~IM~tM ~lII dt rMdt N M~dfD~ned
eryi4 u~ r• wtter o1 ~bNlwe riRiu tbe 1?[~rtpMe ~ 11y~ tbe wne a~y be done ..i~i.w w.~~ee ~he M•h~.pr-
(/l U(~eeclwore yr~ceediwp ~h~uld be is~titutcd ~~~irt tre~r~pe a. eorsna D~ t?is a~np~e ~~~rr ~t~er lieo ~r el~iw ~rbetAer
dle~ed t~ be s~eri~r or j~wi~~ to ~he iien ot ~ w~etp~c, tbe N~np~ee ma~ n hn ~ptiow immcd~Melr ~w iasti~uti~n ~f ~urh
wit ~r duris~ the Pewde~cr tLereo/ decl~re tbis ~s~rtp/e sw~ ~ir ind~b~edweM Escwed 6e?ebr d.e wd ~~le ~~Mh•i~h ~wd ww~ n
ib ~i~w ~~ceed t~ /~roclwe ~Iw ~u~rtpRe.
1'hM t~e Ysnppr .nill keep ol ted ~wd perw~l ~rNertf u~~r K 6er~~f~r enc~~nbrred b~ ~Ae lice ot ~hi• m~rtp~e IMYfId
r~r Ds «qrired fr~es time to tuws b~ t6e M~p~ee ~piwn Iw~ b~ 6re. MIAf~l~flf ~ed ot1Kr h~s~?~b. ~~~wlues ~nd ~eM~nRtan~~
t.r •.eh ~eri.d. ..d ler w.~ lea. ~i.w •~eb a..r re .q.~red br ~be M.np~ee .ed o.~ Pr~..al~ w6en d~e ell pr.m~~un•
f~r sYCh iaw~swce. TUe ~oenwu ~t inwn~ce ~eq~ie~ h tis Y~etp~ee ~11 be th~ a~iai~nNw aws~nu /~r ..bich a~d ~n.ur~nr~ ~hdl
be ~ritta u~ it ~11 Le iwc~sbewl tbe M~rtppt t~ MiM~iw s~ ~itiwl ie~~rente w au~ be eecewary ~s w~ert •nd ~on~Pl~
f~ll~ ~.id~ t~i~a~r~ee re~i?ew~enu te~t~iwt, is Mid Mlicia~ t~ ~he ad t6n tht N~a M~npp? i~ nN ~ ~sinwro~ tA~r~und~~
l~~wce ~It ~e ~rrit~e~ b~ • eoa~pan~ M c~w~wiM ~?o.~i .r ~si~w.~ea b~ ~I~e M~np~ee and ~11p. I~~~es sr.d rene.ds th~r~o(
J~U be Wa by t6e M~rtp~ee. All dcuilea ~ipaiw 6~ t6e IK~rtppr wi~i~l~ •re ~cc~ ed br ~h~ M~rt~et awa ~U •p~~r.enu
ret~~w Y~tppr ~ Y~rye~ee rebtiwR t~ iw~~rrce. s~w esitins K hee~e~fler m~de. s6d1 be in an1~nR wd ~II !t ~ art of 1hu
~~~tp~e ~eMweM ~!rl1~ r 1i~~~ ~t t~rt6 ~re~tiw benin ~na ~U p•erw hti~ anies hrrd~ ~nd treir ~rcea~wrs aed ~r~~
M~ ~ip~ y~w ~q Mid Mlieie~ d inw~et ~r wN M~ ?e~nwd or return prem~um ~?hi~h ~.y b~ p.~.ble ~s 1`t ~~nrelinion er
~es~iw~ti~w t6eeed. ~Q be ~1i~ew to ~t`et tlww tM Menp~~ee, ea~ep~ b~~p~pe~ ~nJenenKnt drited we` ~li~~ ~wd ~ppro.ed bf
blHtpre. E~c~ rlie~ ~1 iwwnwee ~Il aae s~ed tLere~~ • Jt~e~dud T1... York Mntp~tc. l"la~w ..i~M~r~ Co~tnbw~~w, w~sk~nR
sll I~a ~r Iws ~n~n wd~ Mlic> >~ble a tre M~rlp~e~ M W iw~eteM rna~ ape~r. Iw ~M ~~nt ~w wrn wm~ o/ ~nowry M~on~~
e
Ml~k ~~~w~er tbe MKtp11~ ~11 iw~e t4 ~/1i~w t~ reteivt ~nd ~1~ ~At ssine ~w ~~~o~s~ ~ iede6~edwes~ htt~br ~ur~d,
N 1~ Psn~i1 the Y~etppr recei~t ~wa we i1. ~r ~q /~et ~Mre~f. nitwrt ~l~e~e?~ w~~~~e~ ~r iA~~r~wR e~~ty. I~~w~ ~r n~h~
rw~ ~itt~e d t~i~ w~rlp~c. Iw ~~eN d Iw ~rird d~m~p te Ihe mertp~ed NNrn7 tlK M~rtp~t~t dull ~t~r~ ~a~in~-
JiMt Mtkt tlwee~/ ~f w~il d~e M~rtpRet ~ed ~Ae M~npR.r w~~r ra~ke prN( ~f I~ d dw ww~ n~N in~~ P?~mMl~ A~
• ~ g~K 169 PAGf 2241