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PR!)V1t)En, Al_NAYS. ~ha~ if the Vortgagor shall pay unto the ~lortgagee the indebtedn~ss eviJrnr~d b~ a
~rrtain pnhm.swy nutc of which the followinlt in Mard~ and fiRuras is a true copy tauit~
s
- • ' Miami,Florida DeCCmber llth 1y6~_
~Olt VALUE Rl:CE[VED p~umi.e tu pay
to e order o( MOSE g II 1
thc rinci~?al uum uf S ri ri H d F and No 100 ppL~~, together with intere~t
the n[wm date of the ate o[ ten percent, per annum u~til matucity, both principal and i~terest being payable in lawtui muney ot t'
the United ~tat~~ at 2244 Bacayne Blvd.. Miami. Florida~ or at wch oEber place as the holden hereof may daigoate in writing. .
N~incipal ~u~d intereat payabk in irutallment,~ as loUows:
Twenty-Five ($25.00) Dollars per month, beginning on the 15th day of
February, 19?0 and continuing on the l~jth day of each.and every month
thereafter until paid in full.
This note may be prepaid in whole or in part after one yeu from the date hereof upon parment of a Penalty equivalent to two
percent o( ihe principtl sum ~repaid.
Each i~ataUment payment shal) be credited firot on the interest due, and the remsinde~ oo prir~cipal; and intereat shaJ) there~
~ upon cease upon thr principal w eredited.
1'I~e makers and endorsera of this note further agree to waive demand, eotice ot non•payment and protest. and in the event euit
rhall !~r brought for the cdlection he~eof, oc the ame has to be collected upon demar~d oE aa attorruy, to pay rraeon,ble attorney s
cs for makir~g such collection. i
Deferred payments heceunder shdl bear intee~est at the ~te of ten pereent pe~ annum from maturity until paid.
This note is eecured by a mortg~g~e'of ~ven date l~uewith and ia to be conatrued and enfoe+oed aecording to the laws of the j~
; State of Florida; upon detanlt i~ the yment of principal ane~/or i~tereat when , the whde w~m af principd and intenat
~ cemai~ing unpaid ahdl, at tl~e option o~~ ta~a~~, ~~,,,~a~.cdy a~~ yable.
~ ~ - ~.~~z~ G~-~~~'~ (SEAL)
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~''.~[li ~~6~C~.~~Z G~~i~ ~SEAL) r
Prewred Mr SPieler dc Tendrieh. Aceorney. - 2240 Bi~cayae 81vd-. Mi.mi. F' .
~nJ ~hall perform. cumply with and abide by each and every the stipulations, agreements. conJitions and c~~ve-
nants uf ~aid promissory note and nf this deed, then this deed and the estate thereby created shall cease and be
nutt and ~•oiJ.
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i. The hkirtgagor hereby covenants and agrees:
la) 7u pay all ~nd .inKular the pint~pal and mterest and other sums o( money payable by v~reue of said prom~«ory notc and th~~
detd, or e~ther, promTtly on the days reapec~~~ely the came severally becomts due.
(h) To permit, rcx~m~t or su(fer no vraste a~d to ma~ntain the ~mptovements at all hmea in a state o( 6ood repart an~ condu~un, and tv
do cx permit ~o br done to ca~d prcm~ses notAm6 that wili alur or chan6e the use and chaucter ot said property or ~n any ~ay ~mpa~r or
M•eaten the secunty uf this mort6a6e. And in case o! the refusal, nejlecl o~ inability ot the Alortaa6or to repair and mainta~n .aid proper- ~
tY. 1hc A1~x~pEte may, at his opt~oe, mate such repairs or cauae the same to be wde, and advance moneys in ~hat behat~.
tcl To pay ail and .in6ular the taxes, assessments, lev~es, liabilities, and obli~ations of every nature oa said de,cribed property ea~h
and every ~hen Jue and payablc accordins to lar~, be(ore thty becane delioquent, and to delirer to the714ateaser on or bcfore Al~rch
ISth of each year ba receipt~ es~denc~na the paymeM o( •11 lawtully imposed q:e3 fm.the precedms calendar year, to ~ndemn~(y the
\tart~a~ee up.m h~a demand for all taaes, a~sescments and charses that may be assessed upon this matsa6e on the indebtrdnr.~
~urcd herebv, and pa~d by thc oaortEaRee, aitfiout re~ard to any law heretofore eetcted a hrrcafter to be enacted imposmg ~aymrn~ o:
the rhole a anv ~art thcreo( upon the MortEa6ee.
(di To pay all and ~mEulat the costs, cAarses and e:pen_ces, includm6 lawyers' fees and abstracl costs reasonably mcurreJ or pol4 at
any ume hy Ihr \1ortRaEee becau.e uf the fa~lure on Ih~ pact of the Mort6asqr to perform, compt~ w~th and ab~dt by each and e~r•~ nc~
shputatuxis, aRrcemcntc, cond~uonc and covenants of ssid ptomissory note and this deed. ot aither, and every such'payment shal? ~ra.
~ntcrc+t fcan Jate at th~ rate o( !eo (104) per centum per annum.
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(r) It is further covcnanted and ageed by said part~es that in the e~em ot a suit beins instituted to foreclo~e this r..ort6aRe, thc \LKt-
Ea6ee chall be entitled to apply at any time pend~n` such foreclosure suit to the court havin~ jutisdictton ehercot for tht appo~ntm.nr
of a rece~ver of all and sin~ular the mortEa6cd p~operty, and of aU reats, incomes. pro(its, issues and rerenues thereof, from w~hat.~~r.~•r
source derived; and thereupon it is hereby expressly covenanted and asreed that the Court shall tatArith appoint ~uch receirer w~sh
the uswl puwer~ and dupes of rece~~ers in Iike uses; aod said appoiotment shall be made by the court as a ma~ter uf ~tnct ngh*
th. ~fcx~sa6te, and a~thoul reference ~o the adequacy or ~nadequacy of the value of the propeety hereby mixt6aEed, or to ~he .~•1<<n.
or ~nsolvency ot lhe Sl~xtsasors or any other pany defcndant to such suit. The Mortsasor hereby specd~calfy wa~ves the nght u~ ~~bir.r
~o thc appo~rttment of a rcce~ver as afo~esaid and hueby eapressly consents th~t such appointment shall be made as an admu~e~ ryu~t.
and as a matter ot ab;olute ri~ht to the Mortp~ee and th~t the same may be done w~thout notice to the b1orl~a~or,
(fl If foreclosure proceedinas should be instituted a~ainst the property covered by this morta~se upon any other {ien or cla~m ~h~~h_• '
alle6ed to be superior or ~unior to the lien of this aortp~t. the Mortsasee may at his ophon immediately upon ~n~titutioo of .uch ..uit
a dunns ~Ae pendency tAereof decl~re th~s roort~a~e and the indebtedness secured heroby due and payahle iixthwuh and ma> a~
option proceed ~o foreclose this mort~a~e.
l~1 TAat the M«~`aEa vi11 teep all real and personsl property no~r o~ hereafter encumbered by tAe I~en ot this mortgaee msureJ as m.n +
be required from t~me to time by the A/ort~aaee apmst loss by tire, w+nds~orm anC other hazards, caswlt~es and conUngenc~e. f~~r w.f #
periods and la not less than such aaaunts aa may be reQuued by the Mo~t~a~ee and to pay promptly when due all premiurr.s t~r ~ucA 1
~osurance. The amounts of iasunnce reQuired by the lllort`asee shall be the minimum amounts for vh~ch said ~nsurance shalt Ee ,~nttcn }
and u sAail be incumbent upon the Mort~aear to msinuin such addiUonsl insurance as may be necessar~ to meet and comply fully +:~h
~If co-~nsurance requirementa eontained ~n sa~d policies to the end that the ssid Mort6a~w is not a co-iosu~or thereunder.ln.ur.nce
sha11 be ~rntten by a compsny or caop~nies approved or desi~nated by the Mort~a~ee and ~ll policies and rene.als thrreof shall be helJ
by ihe Mortpstt. All detailed desianatioos by the Mortsaaor which ue acctpted by the Mort~a~te and all a~reements bet.•een Mort~a~or
and Mort~a~ee relat~n` to insurance, no~r e:istins or heresf~er made, ahall be in rrit~n~ and shall be a part ol th~s mortga6e aareemcn~
as fully as ~houEh set forth verbaum herem and shaU ~overn boch parties hereto •nd their successors and assisn.. No I+en upon any ~,f
aaid poficies ot msurance a upoo any rctund w return prem~uro rhich may be pay~ble oe the cancellahon ot term~patron tYeteof, shall
be ~iven to other than the Mort~a~ee, ticept by proper endorsement a[f~aed to such policy and apptoved by~lptls~~~e. Each pol~cy n(
~nsunnce shal) have at(ixcd thcreto a Standud Ne~r Yo~k Mortp~ee pause rithout Conuibuuon, mskina sU )oss or losseti unJer weA
policy par~ble ~o the Mortp~ee as its ~oterest m~y appeu. In the event any sum or sums ot moncy became payable thereunder thc ~1~~rt.
~a~ee shall Aare the opuon to rece~ve and •pply the aame on account ot the mdebtedness hereby sewred, or to perm~t tAe ~tort~a¢~~r
to rece~vt and use +t, w any part thertof, rilhout thereby waivinj a ~mpairins any eQuity, lien, ot n~ht undrr and by vutut of th~.
awrt~a~e. In errnt of loss ~x phys~cal damase to the mortpsed psoperty the Mortp6or shMl sive ~nned~ate nohcc thcrcof hy Ta~l e.~ ~
the Nort~a~ee ~nd thc AfortRa~tte may make proof of toss d thc same ~c not made promptly by ~he \1ottEasor, In c~rnt ~~f turcct~~arc ~~f
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