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and shall perform. comply with and abide by each and every the stipulations, agreements, conditions and cove-
nants of said promissory note and of this deed. then this deed and the estate thereby created shall cease and be
null and void.
PROVIDEf). ALNIAYS; that if the Mortgages shall pay weep the Mortsagee the indebtedne:s evidenced by a
certain promissory note of which the [ollowin~ in words and ti~tues is a true copy to•wit:
6~9 0.00 ._
7~Lozt~age ~~ate
~lian-i, i•'lorida Au~ust~th
FUIt \`:~I.UE l(E(:EI\'EU 'r~e~,~oi.nt_iy_~nd.~~Tal?,y --- pruu-t..c to Nay
T • ,T) ,.-... ~~ ,-~~~ ~~1 rZ cepp
to thr urdrr of _.~O1J .\J;t/11_ ~i?2~~?Jl~.l y__+:1-V.l ~,__,y'.~,,L_- . =-]C - ----
thr priuripal atnn of ~x Thousa_nd_Nin_e Hu2ldred Fift~and :~IoL104 UOLLAttS, togcll-rr with intrrr.~l
th.•rrun Gum doer of tlu• rats of ern pr•rcrnt, IK•r auuum until maturity, butl- prim•ipal and interest being payable in lawful money of
thr linitrd ~tatrs at '='..'•1.1 ItiK~ayne 131vd., \liatni, hlurida, or at such uthar I~iace at. tl-e holders hereof may dcsign~te in writing.
Principal and intrn•~t payable iu inaallmcnts a.. [olluws:
One Hunched ($100.00) Dollars per month, for sixty (60) consecutive months, on the
15th clay of each and every month, be~innirg on the 15th day of October, 1969, and
continuing until the 15th day of Cctobara 1"?~t, at xhich tine tr_c balance shall
become due and payable.
This note t-tay t-e pn paid in witulc ur in part after one year from ti-e date hereof upon payment of a l,enalty equivalent to two
percent of the principal sum prepaid.
t•:at•h instalbnent pa}•mm~t shall br credited Crst on the intcnr;t due, and the n•ntainder on principal; and intcrr~t shall there
upon crast• upon the principal so credited.
The iuakers and endurser~ of this nuts further ogres to waive demand, notice of nun•pa} went and protest, and in the event quit
:('hall be brought for the collection hereof, ur the same ha+ to be collected upon demand o an attorney, to pay sea`unable attorncy'+
ICCJ for making wch collection.
Uefcrrcd payments hereunder shall bear interest at the rate of ern percent per annum Gum maturity until paid.
Phis note is secured by a mortgage of even date herewith and is to I,e construed and enforced according to the laws o[ the
Mate of Florida; upon default in the payment of principal andlor it-tere~t when due, the whole sum of principal and interest
remaining unpaid shall, at the option of the holders, become immedi ely due and payable. ~j
~~ ~ac/1.y ~~ y~-[-t~-rl/~~ ~ (SEAL)
~ ~ i) T /P_ ~ / ~ J
Prcpued by Spieler & Tendrich, Attorneys - 2240 Biscayne Blvd..
The Mort~a~or hereby covenants and agree::
(a) To pay all and sin~ulsr the prineips) sad ieterest and other sums of money payable by virtue of said prora:ssory note and this
deed. « either. promptly eo the days respectivaly~the same severally becomes due.
(b) To permit. ceatrit or snftsr ao waste and to maintain tbs isprovemeata at all tires ia-a state of Good repair at-d coaditim. sad to
do « permit to be doss {o said premiaei aothins that wiU alter « cbanse. the use sad character o[ said property pr in aoy.way impair a
weaken the security of this a-ortpae. And in case of the refusal. aealeet « inability of the Monps« to repair sad msiatsin said propgr-
iy. the MottNpe py, at bin option. make such repairs or cause tbeisaate w be made. sad advance moseys is rift bsbslf.
-(e) To pay all and sis{alar tie taxes, aiiess+bents, kriea; lisbilitisa. sad obliptions of eirery oatttre oo said described properly each
aqd sysry ~bea dne, sad payable aecatdir-p to-lar, betae tiey become delit-queat. and to dNiver to the Morttaaee oo « be(«e March
I tb of each year tea raceiptf erideocias the payment of all lawfully imposed rases f«~tbe jpreeedisa eslendu year; to indemnify tie
'-iNrtiaps,upos 6ia demand f« all rases, uaesseeats and ebar~ea fiat may be assessed etpos tiffs mortsase oa tie isdebtedosss s•-
ewsd hereby, pfd paid by tKe sortpaes, sritboet reprd to say law 6sretot«e wteted « 6ereaftef to bo enacted ispoaisa payment of
tbs rrbols « any wart t!-aeot npm- the Mortppe.
(d) To pay all sod aisaulsr tbs costa. chops and eapenses, inoludwa lawyers' fees asd.sbstrset costs reasonably iacnncd or paid at
aey rise by the Martpaee beeawe of the failure oa the part of the Mortsa~or to pertor~; casply with and abide by each and every the
stiplstioas, aareesenu, cosditians sad covettasts of said promissory note sad this deed. « either, sad ersry such'payment shall bear
interest from date at the rate off' tea (lll~) per craters per aaans.
(e) It is t«thsr corssaated and sassed by said ponies that In ti6 Ovtnl O(a aY1l bOltlj InitltntCd•t0 tntacloat tbin mOrtjaaC. the Mort.
pies sbaU bs estitkd to apply at any rise psadisa such t«seloaure suit to the coon baring jurisdietim thereof for the appoiatsest
of • rseeir« of all sad ainplar the taortpaed property, sad of all rants. inconxs, prams. issues and rereeues thereof, from whataoerer
source desired; and thsrsupa it is hereby a:prsssly eorssaated and airsed Wat the Coact shall torMwith appint such receirsr with
the weal powers and dsties of receirera in like caeca; and said sppintmest shall bs node by the coon u • latter of strict ridbt to
We M«t{aaes, aed without reference to the sdegwcy « inadegaaey of the slue of the property hereby sortpasd, or to the solvency
« insolrstiey of the Mortpa«s « say other party detsndaet to such snit. The Mortpior hereby spscitically waives tie tiibt to object
to tbs appoistateat of • recsirsr u at«esaid asd hereby s:prsaah conssota that suc- appiatssnt shall bs made as'aa admitted equity
and as a natter et sbsolrts right to the Mortppe sad that tbs sacs may be dope without twtice to the M«taaa«.
(t) If forcelos-re proeeediap should be iwtiwtsd spinet tbs properly corsred by this mortpae upat aey Drier lien « claim whether
allspd to be sttperi« « jtmi« to the lies of this soryys, the Mortppe any at his optiae ismsdiately upon institutia- of such suit
« dtriy the psadsttey tisraot Melus this mort{ap aM the irdebtedassa secured barsby due and payable f«tbwith and guy st its
option proceed to t«scless Ibis arortaaae.
(a ,Ziat the Yortppt will ksq all teal and pnaaal prepsrq stow « bersatter eacnsbersd by the lien of ibis s«tsal<e insured as way
bs regairN reps rise .to limo by the Mortpdss apinat loan by tire. windstorm sad other bszards, eaawlties sad coatiapcaciss [« such
psrisds end t« sot kas rhos each asosnta as may M required by the Mortpaee sad to pay promptly whee due all premiuss for such
inatroses. The smotwts~ot iMtrssea rsgnited by the tdortZaps shall M ehs sittisitm attatrita t« which said iaswaace shall be written
seed it shall to isetatibest upon the llortiaa« to taintais snob rdditiasal inaurancs as may bs necssaary to mast sad eosply fully with
all eo-iiuncaties repirsssnts eos4issd is said plieiss to the sad that the said Martpaor is sot a co-insur« tbersunder.lnauraace
ahatl b• wrlttss by • esmpny « eoarpasiss spprorsd « dssipatsd by tbs Mortpps sad all plicisa sad rsttswsls tMreof shall be held
by tb Ilortpase. All detailed dssiattatiow by the Martp~« which ors accepted by des Mortpps sad all aSrssssata bstwses Mortptsa
ud M«tpaa rslstitta to iueraacs, soi saistiaa « bsrsattsr wads, steal! bs in writing asd shall bs • part of this s«tpbe sprsssxnt
u falgr u thw~A sat f«th rsrbstim bsrsie aN shall poem both ponies hereto and their suecesa«s and uaiass. No lien upat any of
uid plieisa of isewsaes « apps arty rsfnsd « rstws pnmittw whist say bs payable on the easeellstiat « tsrminatipn tllsysot. sb.ll
bs aiwtt to Debar than rtes td«tpase, escape b proper sadarssatsat affiaed to such plicy sad approved by Martp~ey each policy of
issrasss s411 bars a(tisad thereto • Standard New Y«i Matpps Clawe witboet Contributiaa, satins ill loss « losses order such
plicy pya-N to tie Idortppe as its iatasst ta.y sppasr. U tfe seat aey arts « sums of mosey bseoax psysbls thereunder U-e Mort•
pees abll bare tbs option to reesirc and apply tie saws a aeeotwt of tie iadebtedseas hereby secwed, « to permit the !/«tpspor
to rscsiva and ens it. « sny part thereof. witbartt thereby wairioa « iagtairita say equity. lists. « ripbt wader sad by rime of this.
trryaaa. r senor of Ines « physical damage to the sortaapd property rtes kl«tpdor shell {ire issediau notice thereof by mail to
tlts Maripps sad tbs Monpalk may riks proof of loss it the same is not made promptly by the Mortiap9r 1 ern foreclns ~~~~