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PROVtDEn. ALWAYS, that if the Mort~a~or shsll pay uato the Mortis~ee the iadebtedness evidenced by a y
cocuin ptomissory note "'""o[ which the_followin~ in words aad fisures is a we copy to-wit: ~
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~ S?.~.9KO~J - ~tiami. Flo~ida 5e~~ember ?_Oth-- - 1~~-~j2-
Futt ~~at.i~E ttE:c"1~~ED ~•'a .~oin}~ ~nd severally _~,wm~.~ ~u p.~• f
tuthrcirde~ul :~~__:1. ~:~=~:i '~C~
~i._~:~~ 1'li~ :1yI'c {
~hc pn~~~N.l ~um ~?f r?~re ~ Thous ~r_d and ~ i f t~,- Doll ars and No1100pOLLARS, togelh~t with ~nl~~r•~
thc~con f~um 3atr uf thr :atr of trn pacent, prr annnm until maturity, both priucipal and intrrest being payable in law(ul muoey uI
thr 1'nitrd ~tat~•~ ~t Bi~c~yne Bivd., ~tiami, Florida, or.at such other place a.. the haldec~s hereo( may derigoate in writing.
Pnnripal aod intr~r.t payable in installments aa followc:
~ Siaty ('~60.00 ) Dollars per rr:onth, oeginning on the 15th da~ of
~ ~ovember, 1969, and continu.ing on the- 15th day bf each and every
` month therea~ter until paid in ~ull.
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~ This note may br p~epaid in whole or in part after one year from the date hcreof upon payment of a penalty equivalent to two
perceot of tht pnncipal .um prepaid.
Each instalim~nt parment shall be c~edited fitst on the i~tereat due, and the rrmaindet on pri~cipal; and intere.t r.~?all ther~
upon crasr upun thr principal so c~edited.
Tlir makrn and endone~ of tF~ia ~ote further agree to waive demand, ~otice of non-payment and protest, and in th~ ~vent suit
shall br brouRht (or the collection heceof, or the ume has to be collected upon demand of an attorney. to pay reasonabl~ attorney'~
; ieea fur making wch collection. ~
Defencd pay me~t. hereunder shatl beu interest at the rate of ten percent pe~ annum Irom maturity until paid.
This note is recured by a mortgage of even dale herewith and is to be construed and enfotced aceording to the laws of the
, ~tatr of Florida; upon deEault in the payment of pcincipal ~ndlor interat when duc, the wholt wm of principd and int~r~ct
~emaining unpaid shall, at the option of the holders, become immedia ly due d p e.
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Ptepued Ay ~pieler St Tcndrich. Attorney~ - 22i0 Bucayne Blyd . Miami, Ft da '
and shall perform, comply with and abide by each and every the stipulatioas. a:reements, conditions and covr
nants o[ eaid promissory note and of thia deed, then this deed and the estste thereby crested shall cease and be
nuU and void.
1. The Mortsasor hereby covenants and a~ees:
Ta par •II uW sia~ular tlte priacip~l aod interest aad other swss of eoeer pay~ble br ~ittue ot said pcom:ssory eote and this
deed. ot sit6st. praaptly oa t6e days tqpectirely t6e ssme severally becomes due.
(b) To persit, CpM~II Of 111~I~! 110 ~aitC a!IA l0 ~ilAl~lA tbC ~DIptOYCmCOt/ at aII tldCf ie s state ot ~oad tepsir aad coaditioa. ~od to
do or penut to be done to said preeues aoWin~ t6at wili alter or cAanse tYe nse asd c6usetet ot said property or in aay vay isPair or
~reaten tbe securitp of this .ortpse. Aad ia case et t6e refwal. nesleet or iaabilitr ot t6a Mwtaa~ot to repar aad m~iet~in said pcoper_
ty. the ?lortptcs my. at hia opiaa. aake sse6 repsirs or cauae t6e same to M~ade, aad advaace moneys in Uut beh~lf.
(o) To p~y ~li aed sinwlar the tuss. auesssenu. tevies. lisbilitias. and oblijaeioos ot every oatnre oo said described propert~ e~ch
aod e~ery r6en due aad p~yable sccadin~ to I~v. bt(are tbey becooe deliaqueat. and to de{i~er to the Mortaasee a? or betore 1/arcA
ISW oI each yeu taa receipu erideacia~ tbe psyoent ot all la~tally isposed tuea [a~.tAe pteeadiq tilendu Ye~r; to indemify the
Maya~ee upon 6is dcsaad [o~ all tues. assesseceu aad chsr~es Wit .sr be uusaed upoa this aortaase oa the iadebiedoeu s~-
cured berebr. snd p~id br t6e ~aW~ce. ~rithout re~ard to aer I~w heretofae maeted a hueafter W be eoacted isposin~ psy~ent of
the ~rhole or aar •rrt tbereot upon tbe Mortaa~ee.
(d) ?o p~y ~II sad sie~ul~r tAe costs. cAarscs and e:penses. iacludio~ I~~rye~s• fees aod absttaet costs teasonably ineurced ~ paid ~t
any tioe by 1he Martpace beeause of t6e f~ilure ae tse pan of the Mort~asor to per(ot~. eo~lr ~ith and abide by e~c6 aM e~eryr the
stipulstioes, ~~rce~eeta. caeditions ~ed co+reaasts ot s~id p~aoi~sory note ~od t6is desd, or eitber. aod erery sucA'paysent sh~ll be~r-
iatereat ho~ date ~t thz nte a~f tee UOl~) ~ ceetna oer amYS.
(e) It is fur~ha cmreoaated aed ~Qesd br s~id arties tlat is t6e eveat o( i auit beia~ iastiwted to faeclose this ~at~a~e. tAe Yat• ~
~ee ~6a11 be e~titled w toplr ~t aer ti~e os~dia~ suc6 f~eclwure snit to tLe coert haria~ jarisdictim 1~ereof tor tYe ~ppointmeot
of ~ ~eceivsr a( ~II ana aio~nlu Me ~ysied ~opertp, ~ad ot ~11 reats. iocase~. pr~ta. iaaYea aad re~esues tAe~eof. tro~ vbatsocrer
sauce dari~ed; wA thera~yoa it ii asrssr e:~ressh eo.ee.eeee a~d ~~rsad tb~t tbe Ca~rt alu11 fattf~rit` ~op?iat sacA reuirer ~rith ~
tAe wwl ~ers uW doties of receivea ia like cue~; ~nd a~id aoooint~ent s6~11 bs .ade br ~he care u•.ac?er or seri~i ri~ut ~o
tbe 11ort~ee. ~ed wit4aut re(ereece to t6e ~deqwcy or ieadeqwcy ot tbe ~a1ye ot the ~opeAy 6eteb~ sartµ~sA. a~ to ~be aolvency
or iesol~qer o! tre Mortja~ata ar any ot6a p~rq defendwt to sucA soit. The Moct~a~or Aerebr speei[icsllr ~aives the ri~bt to ~bject
to tbs •~oi~t~eat of a teeti~u u darss~id aad hsteby etprtub eanseeta t6at ~ue6 ~pOt?intstat sA~ll bt Mde ~s ie ~itted equitr
aed a~ a Mtter ot ~bsol~te ri~At to tbe Martppe aud t6at tbs aus dr Ae done ~itbort wtlee to t6e Mort~yar.
(tZ It forselosnre otoosedisss s6ouW be iaatiwted ysiast the orpertp eov~rtd b~ thia rortpp ~ooa ~sr.othet liea ar clai~ sAetber ?
alle~ed W Ae stiyeriat a jaeior W t6e lise d tL"u ~ott{sae. t6e Mottta~ee wIr at kis oytiaa ie~ed'utely uooo iastiwtiao ot suc6 suit
ar dviy tbs ~cad~y tYsteot Ascl~n tria ~orWae aaa t6s iidebtedeea~ ~xured ?usbr dYe ~ed qy~ble [o~th~itA ~ad ~ay at its
~ oOtiaa proeeeA to farselo~e t6is ~ort~e.
'I~at lrs Mott~at ~ill kseP ~11 ttal u~d penaaal Oroosrt~ wo~ ar betaaRet eacn~bered br tie liee ot tsis soniaae iasared as war ~
be rwpiircd tros ti~e .to ti~s b~r tbs Mortp~se ~pi~st los~ bp fire..wiodstar~ aad ot6er 6aurds. c~swlties aed coetinseacies tor snch
Osriads ~ed tar ~ot k~i Hu ~uch a~onsta u wf be rsanirsd bJr We ?bttsa{et ~nd W ay oro~tllr rrbee dYe all preaires fa such'
is~rnaes. TD~ roMu ot ia~~ruee reqwrea Iqr t4e Mort~~ss ~balt be tb~ ~iei~o~ uousu tor whieb aaid ieanraace sA~ll be +rrittea
~ad it s5a11 ~ iaea~6eat ipoa t4e Mort~uor to saint~is aach ed~itiooal iaarr~ace u s~y be eeeessulr to ~ss~ ~sd eooplr t~llr ~itL
~11 caidsarpee reqrirerata eoauisea in said oolieisa to tYs sod tYat tbe a~id Mort~a~ar ia aot ~ eo-iaswor Weramder.teaunaee
sY~ll M~ria~ yr ~ eo~/ur ar ea~~iq s~ro~~d or lsaip~tsd br tit MorW~es aad dl peliei~s ud rw~ds tAetsd sb~ll M Aeld
by tis ilortpset. All dst~iled dai~nstioas bp tM Mo~t{a~or ~rkieA ue aceeoud by tre Yortit~es aed ~ll ~rsase4 bet~eea lilott~ator . •
asd Moft~yse teluin~ to iesnnnce, aoi e:iatie~ a Mers~ftet ~ad~, sUall be i~ ~rritisa aed ar~ll Os s ptt oi tAis ieortp~e a~ree~eat
u hllp u tAayA set farti ~~~b~ti~ b~reis aM aYall ~em bodi ~utisa 6ersco wd tieir snecsasori ~ed uai{~s. No tien ~ooe .nr oi
~d~ potieisi ot i~uor~c~ a~ sq r~Irsd ar rsd~u /n~i~ whid My !e aY~els oa tbe eueell~tioa ar terwinatio. tAereot. shall
a ~i~~s to atl~sr tfr tb~ Mort~a~~e. t:esOt ?r prooa tsdaraeirsst ~(fised to srci Polier and ~~yto~ed br Mattsa~te. EacA oolicy of
isrrtue~ ~411 hs~e ~ffiasa ttisrseo ~ Studard Ns~ Yark Mostp~ss Cl~we writLoet Coetribntioe. w~k~u~ ill loas or losscs uader srcA
ooller ar~bls W tt~s lfottppa u its iotae~t rr ~~~r. M W~~~st a~ a~rss a( iweer bsco~ /~r~ble therem~der tbe 1~lort•
~yes abll 6are tYe oPtias w reeci~e ~ad •oplr tYe sws a~ ~caonnt of Hs iodebtedaess bersb~ sscured. or to per~it the llfort{aEor
te r~csi~s se/ ws it. a~ep out ~ier~ot. vitlont tYersbr ~~i~iaj a i~iriu~ ~ar sanity. liq. ar ri~Yt Ys~sr aed bl~ rirws of this
~oryy~. la s•at o1 Iw~ ot ~~raied d~~se to t~e ~~ed ~copertr me Monpsar shall ~i~e iessdiate wtiec theaof br n~ai eo
~As Maryys~ asd tbe Mortpa`e ~r e~ke yrqot ot loss it tbe saee is aot aada ~a~ptly by the M~y~ nt of fae~~f
~ " " 800K~~
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