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PRUYIDEn, AI.WAYS, tha~ if the ~1o~~`aaor ahall pay u~to the !Nort~a~ee the indebtedness evidenred by a
cettain pcomiasocy nu~e ot which the followin~ in words and [i~uces is a uue copy tawit:
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~~~.asL - QQ ~liami, Flori~1~ October llth 19 F_•.~
FUR ~'A~U~ ttl:CEIVhD ~•Te. iointlv an~ severally promise tu pay
I to thc ordcr o1STYLE ~1fEAR ~'IFG. CO INC ~
~h~ p~~cipal sum o[One Thousand I~ ine :iundred 5eventv Five ~nd L lts, tugetl~c~ with intcnst
tt~er~wn [rom date at d~e rate of ten perceat~ per annum until maturity, twth principal and interest bcing payabl~ in lawful rnoney of
~ the United Statea at 2'l44 Bisscayne Blyd.. 111iami, Florida, or at such other place as thc ~olders hercof may d~+ignate in writinp.
Principal and interest payable in installments as foUows:
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i~'orty-Five (~1~.5.00) Dollars per month, be~innin~ on the 15th day oz'
~ December, 1969, and continuin~ on the 15th day of each and every month
~ tnereafter until paid in full,.
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~ ~ Tl~u note may be prepaid in whols or in part afte~ one yeu from the date hereo[ upon payment of a penally ~quivalent to two ,
q 1 percent of the principal a-um prepaid.
~ ~ F ach installment paynient sl~all be credited Cust on the interest due~ and the remaindu on pcincipal; and interest shall there-
~ uE?on ccase upun the princiiul so credited.
The maken and endursers of this note furthe~ agree to waive demand, notice oE non-payment and protest, and in the ereM suil
i ~I~al{ be brought [or tl~c collection lie~of, or the same has to be collected upon demand oi an attorney, to pay rca.wnable attorney's
~ { (res tor ne:~king ~uch collectiun.
~ Defcrn:d payn~cnts hereunder ahall bear interest at the ~ate of ten percent per annum frwn maturity until iwid.
This note is secured by a mort~age~of even dale huewith and is to be construed and enforexd according to the laws of the
~ I titate of I~lorida; upon default in the payment of principal a~dlor i~teresl when due, the whde sum of pnncipal and inteKat
; j rcmaining unpaid shaR, at the option of the holders, become immediate ue an payable.
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~l~~ ° (SF.AL)
Prepued by Spicler & Tendrich, Attorneps - 2240 B~yne Blvd., Miami, lorida
ar~d shall perfcxm, c~xnply with and abide by each and every the stipulations, agreements, conditions and cove-
nants uf said pramissory note and oE this deed. then this deed and the estate thereby created shall cease and be
null and void.
l. The Mortgagor hereby covenants and. agrees: ;
(a) To paY all and s~o~ulu the p~~nc~paf and iateres~ and otAer sums ot money paY~ble by rirtue d said prom~~sory note anJ this ~
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deed, or eilAer, promptly an tht daYs tespectivcly the same slvtrally becomes due. '
~ (b) To petmit, commit ot suf[er no ~aste and to mamtain the improveoeats at al/ tiscs in ~ state ot ~ood repair snd coadition, and to
! do ot permi~ to be dane 1~. said premiaes nothia~ that rill alter or eh~e~e the ase snd cAaracter ot said property a in any ray impair a
` weaken tht secunty of this worlp~t. And ia case ot the retusal, ae~lect a iaability pt tbe Mwtsa~or to repair and osi~tain said proper- ~
E ty, ~be ?lonp~ee wy, at his optioo, make sucA repairs or cause tbe aame to be made, aad advaece o~era ie that beh~lf. S
~ (c) To Pay all snd ~~niulu U~e axes, sssessments. ievics. lia~ilities. and obli~ations of erery nature on aaid described property eacA
~ and every ~hen due and payable accadin~ to lav, betate t6ey becaoe deliaquent. and lo delivec to tbe Mott~a6ee on or be~a~ 1~1arcA
ISIh ot each year tax receipts eridencia~ the payment o( all lsr(ully imposcd ta:es tor.tbe precedio~ t~leodu year; to indemnify the
~ Mort{s~ee upw~ his Jeaund ta ~11 ta:es, ~ssesc~ents aad chac~es lhat may be aasessed upon CAis mortsa{e on the indebtrdnes~
cured hereby, and paid by the mortaa~ee, vithout ~esard to aar la~ heretofate eaacted ot heteaftetto be e~scted ~mposins ,?aymen~ o:
~ the ahole or any ~art thereot upan the A1Mtsatee.
(d? To pay all anJ s~n6ular the cocta, charaes and e:penaes, includin~ la~yers' teea aad absuatt costs teasonably incurred i+r ps~d a~
any ~ime bY thr \tixt6a6te becsuse ot the failurt on the part o( tbe Mott~a~or to petforo, eosply ~rith and abide by each and ever. •Ae
shpulat~ons. sireements. coaditions •nd corensnts o( said ptomissoty note and tbis deed. or eit6er. and every such~payment shall ~ar
mterest tram ds~e at the rate ot ten UOS) pet centua per aaaum.
(e) It is fur~det covenanted and a~reed by said parues tha~ in tht e~ent o! a suit bein~ in~~tituted to toreclos% thia ~:~t~ase, the ~1~K~-
ea~ee shall be entitkd to applr •t anY time pendin~ socA foreclosure suit to the court luvins jurisdiction theteot (a ~he appo~n~mem
of a receiver of atl aad sia~ulsr Me sortss{ed propertr, axd ot ~tl re~ts. iecoaes, profits. issues and rereaues thereot. ftom w'hat~otirr
source derived: and thereupon it is hereby exptesslr covenanted aed a~teed tA~t the Court sAall torlhwitA sppoiet such receiver ~~th
tht uswl puvrers and duues of reeeivers in Iite c~aea; ard said ~ppointment slull be wde by Ihe court as a matter ot strict nsht ~n
the Alortp~ce, and r~thout re(erence to the ~deQuacY « inadequacy of the ralue of the property hereby morts:~ed. or to ~he solven.p
or insolvency of the Matsa~a~s or any other party delendant to sncA suit. The Mo~tp~or heceby spetifit~IlY raives the r~eht to uh~ec~
to the appo~atment ot a receiver as ato~esaid and hereby expressly conseots tlut sucA ~ppointsent shall be made as ao adm~~uJ equ~?y
and as s n~stter of absolute ti~ht to the Mottsasee snd that the saye aur tie dose ~rithout nolice to tbe Morija~or.
(f) I( toreclosure proceediap should be instituted a~ainst the ptooerty covered by this eottp~e upon aay otAer lien or claim whe~her
alle~ed to be superior or juni4r to the~lifn ot tbis ~eatp~e, the ?{ortsa~ee sar at Ais oPtioa iaiesdiately upoa matitutioa of .ucA su~t
~ or dW111~ 1I1~• pllldtAty tbltlO~ dtClatt this eats~~e and the iadebtedness aec~red hereby due and payable fathrith and maY a~
option proceed to faeclo~e th~s ioortq~e. ~
Tl~at the hlatt~a~or ~ill teep sU real snd persoeal p~operty amr ot AeceaRer encue~uered by tbt hen ot this mort~a~e insured ~s may j
be requircd from time eo time by the Mort~asee ~~ainst Iws by fi~e, rindstas and olher hazsrds, c~swlties and coeimtenc~es !ur sucA
periods snd ior eot less Wan sueh arsoun~s ~s w~y be rsquired by tbe Mort~ee aad to pay prooptlr ~hen due ~11 prem~ums fa sucA
insur~nce. T6e aaKwnts ot iesurance ~equired by tAe ?lort~~tee sball be t6e ieinimwa amounts for rh~ch a~id ~nsuraace shall be ~r~tten
and it shall be iacuobent upan the Mort~s~a to s~intain such addi~ioeul iasuraace ss may be necessarY to mee~ snd canply fully w~th
sll co-iasuranee requiremeata contsioed in sai! polieies to the esd tAst tbe a~id Mortsa~at is not a eo-iasuror thereunder.lnsurance
sAall be ~rntteo by s eosp~ar a cospanies approved a deai~a~ted br the Ulortia~ee ~nd all poticies aad reae~rals thereot sAall be AeIJ
by the Mastq~ee. All deailM desi~o~tims Ay the Mortq~or rhich are acceptM br the Mort~~~ee and all aueeaema betveen Mori~agor
•nd Mortsa~ee relatm~ to insur~nce. nov e:istin~ or bereafter made, shall be in ~ritins aed sdall be a pstt ot t6is mortp~e a~reement '
as fulty as tAouah set tarth ~erb~tim hereia and sh~ll ~orern both parties bereto and Weir snccessors u~d assi~ns. No licn upon sny ut
s~id policies ot insur~nce ot upou auy refw~d a rewm pre~iu~ ~rhicb sar be wy~ble oa the e~ecell~tioe or tetsination theteof. shall
be siven to otber ~han the bortsa~ee. eacept br proper endorse~snt ~f(iaed to sucA policy aad aoprored br lMat~a~ee. Each poticy of
insuruxe shall bave ~(fi:ed tAereto ~ Suad~rd New Yorit MorW{te Cl~rst ~it6out Conuibution..skin~ all loss a losses under ,uch
policY p~r~ble to the Morlp~ee as its iaterest ssr ~Meu. ln tLe event anr swe or suos o( moueY becaae p~Y~ble thereunder the ~lort. i
~a~ee shsll hare t6e option co receive and apply tbe sa~e oe ~ceount of t6e indebtedness hcrebr stcured. or to perait the Nort~aEor {
to receire arW we it, ~~ny p~rt tAtrco(, ~itho~t tl~erebr ~airins a iisp~irin~ an~.eqi~jtY: liln, or tijbt ~ndl~ ~+~d Ay vutue of th~~
oo~tu~e. In event of loss a pbyiic~l d~mase to tAe more~a~ed property tbe Mott~s~or sbel) ~irt inroedi~te not~ee therto( by ma~l t~.
the Mat~a~te and the Me~~a~ee ~y make proof of loss if the ssmc not made promptly by the Mortja~or. In event of fae~l~•ure ot
BOUK 1~O PACf ~ f
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