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pROVIDEl1, ALWAYS. that it the Mat~a4a :hall pay unto the Mortsa~ee the indebtedness evidenced by a
certain promissory note of which the followins in words sad fipues is a true copy to•wit:
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;950.00 Miami. Florida August 9th ly 6Q._
FOIL VALUE RECEIVED we, 3odat],y and aeiyeral].y promise w pay
to the order of a~8~
the principal sum of IfiYIA ~~ and 00--~--------------------DOLLARS, together with interest
thereon from date of the rate of ten percent, per annum until maturity, both principal and interest being payable in lawful money of
the United Storrs at 2244 Biscayne Blvd., Miami, Florida, or.~at arch other place as the holden hereof may designate in writing.
Principal attd interest payable in instaUltaertts as folbwa:
Forty ($110.00) Do3].aaurs per moonttia begimziag on the nth ter of Octobers 1969,
and aontinoning on the 1,5th tiff/ os each and emery month thereafterp until paid
in 11111.
This note may be prepaid in whole a in part after one year from the date hereof upon payment of a penalty equivalent to two
percent of the principal sum prepaid. -
Each installment payment ahaU be credited first on the interest due, and the remainder on principd; and interest shall there
upon cease upon the principal ao credited.
The makers and endorsers of thin note further agree to waive demand, notice of non-payment and protest, and in the event wit
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a
shall be brought for the collection hereof, or the same has to be collected upon demand of an attorney, to pay reawnable attorney
fees for makittg such cdkction.
f
il
id
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rom matur
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ten percent per annum
ty unt
De
erred payments henutt~r sha
l bear interest at the rate o
This note is aewred bb~y- a rttort~e~ot eras date herewith and is to be construed and enforced according to the laws of the
State of Florida; upon def ula It in the payment of principal andlor interest when due, the while sum at principal and interest
remaining unpaid ahaU, at fire option of the hoideca, beoonae 'rely due and payable.
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,[jl .! ,, S~ ~GZ .~~' ~[ (SEAL)
Prepared Mr Spieler n Teitdrielt, Attorneys - 2240 Biwyne Blvd., bride
and shall perform, comply with and abide by each and every the stipulations, a=reements, conditions and cove-
nants o[ said promissory note and of this deed, then this deed and the estate thereby created shall cease and be
null end void.
1. The Mort~a=or hereby covenants and ajtees:
(~ To pay all soil sintulu rte principal end interest and other sues of money payable by virtue of said prem;ssory note sail this
deed, a either, promptly as tbs days respectively We same serenlly becoses due.
(b) To permit. cosmic or surfer so ware a+d to maturate the improreseats st ell times is a state of good repair sail coaditiat, aril to
do a permit to bs date to said premises eodtisa that will alter a cluaae the use aril character o[ said property a is any ray impair a
weaken He security-of this satpae. Mil is ease of We refusal, sealed a inability of the Mortaaaor to repau soil euiatain said proper-
ty, the Mortpaee may. at his option. mate sect repairs or c;use tie same to be sods, sail advance moneys fie that beb~lf.
(c) To pay all sail sieplar He tares, asaessseats, levies. liabilities. and obliptiats of every nature oa said described property each
sad erary when due sod payable acoaditta to law. before tiey became deliaqueet. sail to Aeliver tai the Marysaee oa a before March
ISH of sect year tea ieceipts eridcspiaa t1a payment st till lawfully' imposed rues tor.th! preesdioa eslsMu Year; to indemnify the
Mortpaes upon his desatd for all u:sit ussssmsets atl eharaes that may bs assessed upon this moctaaae oedte isdebtedaeas s~-
cared hereby, and~paid by tie soryaaee, widtout regard to say law heretofore enacted or-herea[ter to bgeascted impoaiaa payment of
the whole or say cwt Hereof spat the Gfertassse. _
(d) To pay ell sad ainaalar tie coats, charges and expenses, iaclsdina lawyers' fees sad abstract costs ressanably iecorred a paid at
say rise by We Mortgaee because of the failare os the part of the Mortpaor to perform. comply rids sad abide by each and every the
atipslatiow, aaresseets. eoeditians and cmewnts of said ptosissory note soil this deed. ow either, std every snch'paysent shall bear
interest tram date at the rats of tee (l0'!.) per eeatus per aaasm.
(s) It is frthet corseuted sad aarssd by said parties that fie He event at a sett bates instituted to foreclose this snorts. We Mac-
pass shall be eetitlsd to apply at any rise paediaa suet taeelosure suit to Hs court houses juriadictioa thereof for He appoiatweet
d • rsceirer of all sad sioptlar the matgaed property. sail o[ all rents, iaeases. ptotita. isauu sail reveanes tMreof. Eros wMtsoerer
sauce derived; sail Hsrsspoa it is isrsby espreasly corsesuted sad agreed that tbs Casrt shall forthwith appoint each reesirer with
cis wwl powers sod dstiss of receivers is tits cues; sail acid appointment shall be made by the court as a Satter of strict right to
He Ilertasps, sad without refereete to the adequacy or ~iaadetlsacy of the value of the property hereby matgaed, a to the solreacy
or iesolreeey of tie Mataaaaa a say other party deteadsat to such suit. Thor Matgaor hueby specitieally waives the right to object
to cis appoiatmpt of a reesirer u atoreaaid sad hereby esprsuly coasters fiat sues appoiutmset mall bs made as lit adsitted equity
sad as s Satter a< absolate Batt to the Mort~aaee sad that tie sans ary be daces wiHatt antics to the Mortaaaor.
(f) If torselostre procaediep aiouW be iastiwtad apiaat tie property covered by tits aaortpas upoe say otter lies a claim whether
sllsasd b is sapsriar at junior to the lice of Hia atortiaas. tie Mortaaaes say at his option imsadiately upon isstitstim of such suit
a dsrisa tie •peadesey tisrsot deelue His mortpae sad tin iedsbtsdaesa secured hereby due and payable forthwith sad say at its
option prot:esd to toreclase tits sortpae.
(~ Tlat tie Mortasasr will tap all real sail psrsatal property now or iereafter eactts6ered by tie lies of dais mayaae insured as say
bs required from fiats .to tier by Hs Morgasee apiast loss by (ire. wiadstarm sail other basards, casualties asd contiaaeacies for such
petisda sail ter sot ka• Has sect amotteu u amy bs regsiced by tie Mort~ee sad to pay prosptly wltsa due all premiums fa such
i~eaeraaes. TM asosttq of iessraeee rsgsirsdl h- the llortaaaes siall.be the mieimum amomts far which said iaasraaee stall be writtat
sail it stall M iaettatlrsst spa tie Motyaaar to msiataie suet additiaul iesuraecs as may bs accessary b mast sail comply fs~lly wiH
all co-iissraaes rs~siressaea eontaiasd fie said policies to tie sad that tbs said Morttuor is sot s co.iaauror tisrsunder.lasutance
mall b• writtw by • company et oaatpaeies appteved or deaipatsd by tie Morgaaes and all plieisa sad rsaswsls tisrsof shell bs field
by tie Mertataw. All dstailsd dsaipaeiaea -y tie Mataasor nrhich ors accepted by tie Moryaase and all aarseaieau bstwsea Maysaor
sad Mertaaaes rslatitta to ieairases, eoi eaistiea of bsrsafter made. stall be is writiy aN mall be • part of this sortpae aarsesent
as tally w tiottai set forts verbatim isrsia aM shall aovete boH parties Mrsto ae0 their asecsssors sail assyas. No lien uPoa any of
sold plkies of wsreace ar pat asy rstaad or rstttre pressittm whirl may bs payable oa tie easesllatiaa a tsrlaiaation Hereof. shell
bs airse to otisc Hae tie Yat{•dss, saespt h proper sedorasmeat attired to suss policy sad approved by Mortaaass. f?acA policy of
iestraaes mall Ors affiaN Hereto a ataedard New Ysrk Norysass Clssas wiHast Coetribstiaa, oatisy< ill bas a losses under such
policy Mys-N a cis Mottpps a• its iatersat ary appsas. le ifs shat say sum a suss of mossy become payable thereunder the Mort-
Naet shall Aare tie optiott b retsivs sa/ apply tie same at aecotmt of tie iMtWedassa hereby secured, or to permit tbs lilaraapor
is receive aM ass it, or say part Hereof, wiHost thereby wairina a ispairiaa say equity. lisp, a rialtt wader sad by vines of d-ia
atsryys. is avast d less a< piysiesl dasnae to tie mortayed property Hs Mortaaaa mall afire immediate antics thereof by nail to
Hs Moryyss sad the Mort~ee may mats proof of loss it the same is not made promptly by the Mortaaaor. In event of foreclosure of
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