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PR!)VIU!?I). :tI.NAYS, that if the ~1ur~gagor thall pa~~ unto the \tortgagez ~he indebtedor~s e.•~d~nc~J b~ a
rerta~n prom~.aury ~ute ~f wh~ch the fotlov?ing in wurds and figures is a true cupy to-wit:
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31 s 75~• ~tiami, Florida ~ ~ c:..:
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; ~ ~ fUlt YAL~E tt~:CEtVED :fe, ~ n~ ~ •l . _u ,7~-^~:i? l ( ~
to the orde~ uf J 1C08 J. 1^7LG~R ariCt LI..,i:I ' ` ° - P~ ~::ji~r tu
' '1 1~ ~21~~ ::~1 L Z
~ P ~nV~ usund ~~evAH ~ T~ r~
! ths rincipa) •u ~C T11O . :.L ~ I t . _ _ /1.i;:1 DOLLARS, toee:her M::~. ;:.:rr~--t ~
therrun frum d~tc of thz nte of trn peccent, prr annum until maturity. buth priiicipat and intCrc~t brino pay:,b!e ii, lawfuf c::~~.r~ ~,f
thr lJnited ~tatr: at 2~~1 Bucayne Blvd,. ~liami, Florida, o~ at auch o:~.er place a~ the hoidera hereof mry ~'~-~iouat.: u~ writ~r~g.
~ Y~incipal ;~ud interest payable in installment, as [ollow8:
t + `~~irty-Five (:,35.00) Dollars per :~~~~~h e :l__:~.r~T ~ ' ^r'~. d~ -
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~ ='sbruary, 19?0, and c ontinuir.a o._ c~y o~ e._c:. r.:.u :`ry
~ ~onth thereafter until paid in fuil.
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This oote may bc prrpaid in whole or in put afier orte year from tht date hereoi upon payment of a p~nalty equ:. aIC(i< tN U
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~ ~ Each in:talirnent payment shall be ercdited ficst on the interest due, and ti~c rrmainder on principal; and interest sF:aN tf.err
' ' :t:u.: . '.:t^.L`.^. ~~!r = ry~cipal ~o credited.
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Tl~r makrn and endorseer~ of this note further ag~ee to waive demand, notice of non-pay~r~ent and protest, and in tE~c e~~-nr <.uit ~
~hall br bruught for the coNection hereof~ or the same has to be collected upon demand of an attorney. to pay reasc,nable at;c,::~~y~~
~ I - ~CCa [or making ~uch collection. !
i! Deferred payme~ts he~eunder shali bear interest at the rate of ten percent per annum irom maturiq until paid.
~ This note w r.ecured by a mortgage~of even date herewitF~ and is to be construed aad enfaeced according to the laws of il~e ~
, Jtatr of Ftarida; upon default in the payment of prineipa! andrbr interesl v~h, due. the whofe sum of pnncipal and intere~t
remaining unpaid shall, at ths option of the holders, become imm~diately dur. and payable. ~
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+ ?repued by Spiekr & Tendrich, Attomeys - 2240 Biscayae Blvd., Miami, ida ~
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ar~d shalt prrform, cumply w~th and 'abide by each and ever}• the stipulations, agreemenis, condition~ anJ cuvc-
nants uf said prumissot}• note anJ ~~f this deed, th~n ihis deed and the estate thereby createo shall cease and be
nuli and ~•~~id.
1. The Rlortgagor hereby covenants and agrees=
lal Tu pay all rnd ~cngular the pr~nc~pal and mtrrest and other sums of monc> pa)ablc by v,rtue of .aid pram~..nry no~r anS th~.
dceJ, ur e~thcr, pompH> on ihe days rt~pect~vrly the same ce~~erally I+ecomis due.
(A) To perm~t, c~xne~~t or suffer nn raste a~d to mamta:n the improvements at all umes tn a slate of Eood repau and ~und~u~.o, and to
du ~x permu to br Jone to .a~d ~xem~ses nuth~ng that r~~ll alter or chan6e the use and chancter a( sa~d property ~~r m am• ~aay ~mpau ur
~eaken the secun~y of th~s mor~6a6t. And in case of the retusal, ne~lect or inability of the MortgaRot to repart and main~a~n ~a~d proprr.
ty, thr AlrxtgaEee may. at h~s op~~on, make such repaus or cauce the same to be made, and adv~nce moneys m that behalf.
(cl To pay all and ~~n6ular the taars..assessments, le~~es, liab~l~t~es, and obl~~atwns of erery nature on said desc~~bed prope~ty .a.h °
and every when dur and pa)able accordieg to la~, h~fixe they becomt detinquent, and to deliver to the Mort6agre on or heforr \1e~cA
ISth of uch y~ar sra receiph ev~~iencina the payment o( all la~fully imposed taxe, for the preced~n~ ealendat year, to mdemmfy the
~1ixt6~6~e upon hi~ demand [or aU tries, a.sessmems and char6ec that may be assessed upon this mort6a6e on thc indebtrdnac~
cured h~reby, and pa~d by the matpagee, w~thou~ reEard to any law Aereto(ore enacted w hueatter to be enacted ~mposin~ ~aymrn~ o:
tht whole ot ~nv ~art thereo( upon thc M~~rtEagee.
(di To pay all ami .~rtFular the co~t~, ch~rEes and eapenses, mclud~n6 lawytts' (ees and abstract co~ts ~eaconably ~ncurred ~.r pa:,: ,~i
am umr ~+y ~he \I~xtRaFee becau.r ut the (a~lute on the part of the \iortga6ot to perform, comply wrth and ab~de hy each and r~~•~ •he
~~~pul~U.ms, aRrcements, condrtron. and covertants o( sa~d promusay note and ih~s deed, o[ tuher, and every such'pa~mcnt shal; ~re•
~ntcrr.t tn.m datr at thr ntt of ~en U(Y4) ptr centum per annum.
1rl It ic furiher cocenanted and ageed by sa~d parh~s that in the event of a suit bein` ~nst~tuted to toreclo.e th:s c:~xlgage, the \t~a~•
gasee shall he entiUed to apply at any t~me pend~n6 such toreclosure tiu~t to tAe caurt havin6 junsdict~on thercof for the appoinrm:n~
o! a rece~rer of al) and sinaular tht mortgaE.d property, and ot all rents, ~ncomes, p[o(its, ~ssues and rev~nuev thrreof, from ~hat.~,~ r
~ource dtt~ved; and thereupon ~t ~s her~by expressly covenanted and asreed that the Court shall forthvitA appoint such receiver v~sh
!he u.ual puwerc and dut~es of rece~vers in Gke case~; and sa~d ap4omtment shall be made by the court as a matter .trict r.gh~
thr \frx~Eaaee, end M~thout reterence ta thc adequ~cy ur madeQwcy of the value e[ She property hoteby m~xtg~ged, nr to the .~,h:n,•.
~x ~nsol~ency uf the \fortaagas a any other party de(en.fant to such suit. The A1ort6asot hereby spec~flcally 4'ilvi~ tAc ngM u. •.h~~
to the appomtment of a rece~ver as aforesaid aad hereby e:pressly crosents that such appointmeot shall be made ati an adm~~~e,: .~u~t~ -
and ac r matter o( ahcolute ri6ht to the Mortsagee and that tht s~me may be done without notice to the Matsa`or. ~
If ) I~ toreclowre proceedm~s should be inst~wted a`ainst the property covered by this mortga6e upon any other I~en or cla~m .h_th~ •
alte6ed to be supe~~or or ~un~or to the 6en o( this mort~a~e. the Alat~a~ee may at his opuon immed~ately upon m.Hw+~cm of ~ach .wt
or dunns ~h~ pendency thereof declara th~s matsaae and the indebtedness secured hereby due and papah~e tortha~th end mav .e
opuon proc~eJ to tcxeclose thls mottaa~e.
1~) That ~he ~1ort6aRor w~ll keep all real and personal property nor a he~eatter encumbered by the I~en o( :h1s mortgaso ~nsurcd a~ m.,•.
be requned frexn ume to time by the ?1ocl~a6ee asamst loss by (ite, ~~nJ~~am arsA other haza~ds, caswfUe+ and cnnun~enc~~. i~~: w~~
penods and ~or not less than such amounls as may be requrted by ~he Mortsa~ee and to pay prompily xhen due all prem~um. Inr ,uch
~nsurance. The amounts of insurance requ~red by the ~1ort~a6ee 3ha11 ~e the mimmum amounts for w•hich said ~nsurance shatl be Mr~etcn
and rt shafl be mcumbent upon tAe ~lortgagor ~o ma+ntain such add~uonS1 insuranee as m~y be necessar> to meet and comply tully +tith
all co-msunnce requiremen~s contained in said policies to tde end that the sa~d 41ort6aaor is not a co-inyuror thereunder.In.urancc
shall be r•ntten by a caopany or c«npan~es approved or d~s~~nated by the Mortsa6ee and all po(icies and renewats thtreof shall he held
by ~he Mortsaaee. 11! delailed dexianaUonc by the Mort`a6ot Which are accepted by the Mor~sasee and all asreemeo~~ bet.een Mort~aeor
and Mortsa~ee relatmE to ~nsurance, nor eaistma or hereafter made, shall be in wntm6 and sha11 be a part o( th~~ mortgagc agreemem
ss tully a, thouEh se~ fath rerbaUm here~n and shall sorem bo[h pa~ties hereto and tAeir successors and assi`n+. No lren upon .ny u(
said pol~cie~ ot ~nsurance or upon any re(und or return prem~um ~hich may be payable on the cancellat~on or term~nat~on ihereot, .ha11
be ~rven to otAer ~han the Mor~~asee, e:cept by proper endorsement aff~:ed to such poLcy and approved by Mortaasee. F.a~fi poLcy ~~f
ins~nnce shall have a((taed theceto s Standard Ner Yotk Abrtpstt Clsuae without Contnbuuon, mskina all loss or lossc. unJer ~uch
policy payable io ~he Mortp6ee as ~[s interest may ~ppear. In ~he event any sum or sums ot money bccome payable lhereunder the ~t~r~•
p6ce shall hart the option ~o rect~ve and apply the same on account of the indebtedness heteby secured, or to prrm~t thc tlortgaR~.r j
to rece~ve aad use it, or sny part thereof, ~rithout tbercby raivma or impiums •ny eQu~ty, hen, or n~ht undrr and by vutue nt th~.
• mat~a6e. In event of los~ w phys~:al dsma6t to ~he mort~a6td poperty ihe ~1ort`a6or shall Eive ~mmeuiite nuu~e thcrr„f ns -a~1 t,.
tht S1ortRaEea rnd the R1oriRaRee maY make proof o( lo~. ~f ~he same not made pcumptlY~y the ~lortgagor. In r~rnt ~~r tnrc~l~•urc ~,f
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