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PROVIDEn, ALWAYS, that if the Mort a or shall a unto the tilort a ec the inde ted zss e~ ~
6 6 P Y 8 B b n v~denced by a
certain pcomissory note af which the following in words and [igures is a true copy to-wit:
s Jua~ ~0 69
• Mi:mi, Floridi ` 1 v
,
' FOR VAI~~f~}(E 11t 6~wt'ill~ jxumi~r tu ~?ay
to the order of v~~A ?
l the ptinci~?al ~um ~ ~ - - t'
DOLI.ARS, to6ether with interr~t
the?eon fn~m date ot the rate ot ten percent, per aanum u~til raaturity, bo~h principal and ieterat beitK payab{e in law(ul muney oi
tha United ~tat~•, at 2244 Bi~cayne Blvd.. Miami. Florida. or at euch otE~er place as the 6oldera hereof raay designate io writing.
Principd ~u~d intcnat papaaWe i~ irutallmen4 ac iol{o~n:
'i`uenty-Fiv~ (S25.t}0~ Dollare per s?~nth. beginuiag on th~ 15~h dq~
of Aubruet~ 196~9, and aoa~inuing on the 15~h dqy oi s.,ch and ere~r~
sontih ttu?r~atter until paia ia i~ll.
Thia note may be prepaid in whole or in part after one yeu [rom the date henwf upon payment o! a pendty equivalent to 1wo
pereent of the principal wm qepaid.
Each iruztdlment payment ~hall be credited Grst on the interest due, and the rcmainda on principal; and inlere~t shall therr
upon cern upon thr principai w credited.
The makers and endorae~s of this note further s~ee to waive demand, notice oi non-payment and protat, and io the event snit
3ha1~ be brought for the cdlection hereof, or the aame has to be collected upon demand of an attorney, to pay ressonable attorney'. }
(ees [or makin~ wch cdkction. i
Deferred paymenta hereunder a6aU bear intereat at the nte of ten pencent per annu~ from maturity un~1 ~sid,
This note iet se~.~ured by a mort/~e-oi aree date herewith and ia to be ~o~d aad enforced accordm~ to the laws of the
State of Florida; upon def~ult in thew
yment of principal andlo~ interat whea due, tbe whole w~m of pnt~cip~~ and interrst
eemaining unpaid shall. at the option of ehe holdc~s, b~come ~n~ud;,eeip d„~ ,~d payaWe.
~113n F. Gustin ~;E ~
Maryalice Gustin ~5~~~ ~ ~
Prep~r~+d Ar Spiekr ~ Tendrieh, Aeeorneya - 22~p 8i.ayne ~vd.. llWnu, Florida ~
and shall perform, compty with and abide by each and every the stiputations, agreements, conditions and cove-
nants of said promissory note and ot this deed, then ti~is deed and the estate thereby created shall cease and be
null and void.
1. The Mortgagor hereby covenants and agrees: ~
(a) To pay all and sin~ular the pnncipal and interest and other sums o( money payable by vi~tue of said promissory note aad this ~
dced, or either, promptly m tAe days respcctirety the samt severally becomes due. ?
. ~
(b) To permit, comm~t or suffer no waste a!d to msmtain the empovements at all times in a stste of `ood repair and condition, and to s
do or permit to be done t~ said prcmises nothina that w~ill alter or ch~n~e tAe use and cdaracter ot said property or m any ~ay ~mpair or
~reaken the secunty of this mort6a~e. And in case of the rctusal, ne~lect or inab~lity o[ the Mort~asot to repair and mainta~n said proper-
ty, the Mortsa6ee maY, at his opUOn, mate such repairs or cause the same to be made, and adrance rooneys in that beh~lt.
(c) To pay all and siajulu the taaes, sssessments, levies, liabilities, and obliptioas ot every oature on said desetibed ptopert~ each
a~ every ~rhen due and payable accordins to lar, befae they becoo~e delinquent. and to deliver to the INortsa~ee on ar betore ?larch
iSt6 of e~cA year ua receipts evidencins the p~yment of •11 1aw~fully ~mposed taxes fot tht precedins eslrndu yeer to indemnify the
Afatsaaee upon his demand for ail taxes, assessments and char~es that may be assessed uFon this mortsate on the indebtedness s•-
cured hereby, and paid by tl~e mort~aaee, rrithout re6srd to any law heretofote enacted a hereafter to be enacted imposin~ ~ayment ot
the ~hole ot any nart thereo( upoa the Mortsaate.
(d) To pay all and s~naular the costs, charses and expenses, includ~n= larytrs' fces and abstraet costs reasonably incurred ~x paid at
any ume by the Mort~ta6ee ~ecause of the ta~lure on the part ot tAe ASort6aaor to per(orm, comply ~~th and abide by each snd every the
stipulations, a~re~ments, cond~~~ons and co~enants ot saed promissary note and tNis deod. or either, and evecy such'payment sAa1t bear
~rtterest froea da[e at the rate of ten (lD'6) per ctntwa per annum.
(cl 1~ ~s further covenanted and asreed by said pirtus that ~n the event o( a suit be~n` inshtuted to foreclose th?s mott~a6o, the Mort-
ta~ee shall be enutled to apply at any time pendin~ such foreclosure suit to tAe court havina jurisdiction thereot (or tt~e appointment
of a receiver o( all and sinsular the mo~t6ased property, and of sll rents, ~ncoaces~ ptofits, issues and revenues thereof, /rom a•hatsoer~e~
source derived; aad tl+ereupon it ia Aereby expressly covenanted and apced t6at the Court shall forthv~th appoint such receiver vr~th
the usual powers and dut~es of rece~vers ie like cases: and aa~d appo~ntment shall be made by Me court as a matter of strict ri~ht to
the Atortp~ee, and vithout rcference to the adeqwcy or inadeqwcy of the vslue ot the prope~~y Aereby mortpaed, or to the sohency }
or insolv~ncy ot the Mort~a~ors ar any other parly defemlant to such suit. TAe Mort~~~pr hereby apec~[~c~lly raives the r~~ht to ob~ect
to the appo~ntment of a receirer ss a(oresaid and hereby e:press{y croseots th~t such appo~ntment shall be made as an adm~tted equ~ty
a~ as a eutter of absolute ri~At to the Mort~a~ee and that the samt enay be done without notice to the Mortssjor,
(f) t! foreclosure proceedia~s sAould be iostituted ajainat the poptrty coveced by this mortaase upon any other liee or cla~m whether
allt~ed to be supenor ot ~unior to tAe lien ot this mart~a~e, the Mort~a`ee may at his ophon ~mmed~ateiY upon mstiwi~on of wch su~t
or dur~n~ the peodency thereof declare tA~s mort~ase and the indebtedness secured hereby due and pay~blc forth~~th and may a~ its
aD<<~ pra«d to toreclose Wis mortsase.
(t) 7~at tht ~lortpaw rill keep sl) resl and personal property nor a he~est~er encumbered by the lun ot this mortsase ~nsured as may
be tequ~red froe~ time to time by tht Mortj~~ee asa~nat loss by fire, +~ndstam snd othec haurds, c~swlt~os aed ccmun~enc~es tur such
ptriods •nd for not {ess tAaa auch amounts as may be requited by the Mortpiee and to paY proatD~~Y ~hen due a11 prem~ums !a such
insur~nce. Tbe anwuqts ot insurance required by tbe Morti~tee shal{ be Ne m?n~mum smo~ts ta vh~ch sa~d ~nsurance ahall Ae ~•r~tten
and it ahall be ~ncumbent upon t?u Morts~~pr to aaintain such addiUOn~l ~:~suraace as may bs necessary to meet and comply tully w~th
all co-msuraece requirementa conumed m said poLcies to the tod tAat the sud Nort~ita ~s eot a co-~nswor tAereunder.lnsuronce
shall be ~rntten by a company or ccmpaaies apptoved or des~~nated by the Mort~a~ee and all pol~uea and ronewals thorcof shalt be held
by the M«t~asee. All detailed desi~nations by the Mort~asor s~hich ue accepted by ~he Mort~a~ec and all a~reemeets betaeen Mori6a~or
and i~So~rt~a~et rel~tm~ to insur~nce, nor ea~stin~ or hereafter m:de, shal! be in Yritinj and sh~ll be s part of th~s mort~~je a~reement
as (ully as tAou6h set forth verbat~m herein and shall ~overn both patties hereto and their successors and ass~~ns. No lien upon any of
said poticies of msurance or upa~ any refund ot rewrn prem~we rrAich may be payable an ~he canceilat~on a term~nauon thereof, ~Aalt
be ~~ren to other thae tht Mortsajee, eacept by proper endorsement s(fiaed to such pol~cy and appoved by Morts~~te. Fach pol~cy ~.f j
msuranee sh~11 bave affixed thereto a Standud Ner York Nortsa~ee Clause v~ihout Contnbuuon, mak~n~.all loss a losscs under .uch ~
policy payable to tht Mort~a6ee as ~ts ~n[erest may appear, (n the eveat Rny sum ot sums of money become payabte thereunder thc ~1nr~- ~
iaser shall hsvt the option to rece~ve and apply the same on accomt of the ~adebtedness hereby secured, or ~o pe?m~t the ~Iorisa~~,r
lo receire and use ~t, a any part thereo(, vitAout tAereby r~aiv~na a~mpa~nrtj any equ~ty, hen, or n~ht under and by .irtuc o( sh~. ~
~<<~i~• In erent of (oss or physical dama~e to the mortsased property the Mort~a~or shal! ~~re ~mmedute not~ce the~eof by ~^:i! t~~
the 6Mns~see and the Mori6a~ec may make pr~~o( o( loss d the ~ame ~s not made promp~ly br the Nun6aEor. In c.cn~ o(',ore~i~wre of
eooR P;~f
~ ` ' ° p ~78 1854 • .
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