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PROVIUEn, Al_11AYS, thal if the ~lortgagot shali pay unto the \1ort~agee the indebtedness ev~denced by a
certa~n prwni.~ory nute o[ which the follow~ing in vvorda and figuras is a trua copy tav?it;
. ~du~t~L l~~
S 2~' 25 • 00 Miuni~ Florida _ Januar9 rd 19~'
Q_
FOR VALUE KECEIVED_ We L.i ointZ9 and severalls ~ p~umibe co pay
to the order o[ T.a ~j~,
et~~ pri~c~pa1 sum ot TWO Thousand Seven Hundred Twenty Five and p~ 1ts, tugcthcr with intercat
thereon [mm date at thc rate o[ ten percent, per annum unti) maturity, bolh principal and interest being payaLic in lawful money of
the United Statra at~2?~ Biscayne Bivd., [1liami, Florida~ or at euch olher place as the'holdera hereoi may deuignate in writing.
Principal and inlereai payable in inatallments as [ollows:
Forty-Five ($45.00) Dollars per month, for sixty (60) consecutive months,
on tbe 15th d~y of each and every month, begianing on the 15th day of
March, 1970, and continuing until the 15th d~r oi March, 1975, at which
time the balance shall become due and p~yable.
This note may be prepaid in whole or i~ put a(ttr one year f:om the date hereoi upon payment of a penalty equivalent to two
peccenl ot the principa) sum prepaid. - '
F.ach installment payment shall be credited first on the interest due, and the remaindec on principal; and interr.at ~hall therc-
upo~ cease u~n the pnncipal so c~+edited.
The make~s and endorsers of this note [urthe~ sgree to waive demand, notice oi non-payment and protest, and i~i ihe event suit
.~liatl be brought for the edlection herea[, or the samt has to be eollected upon demand of an attwney. to pay reasonable attorney's
fees for making such collection.
De[erred payments hereunder shall bear interest at the rate o( ten percenl per annum [rom maturity until paid.
This note is eecured by a mortpge-of even d~te ha~evrith aod ia to be construed and enfomed according to the laws of thc
State ot Ftorida; upon default in thepa
yment of pcinei~al aridlor interest when due~ the whde sum of pnncipal and interest
nmaining unpaid shall, at the option of the holders, beooa~e immediatcly e payaWe.
/J/ . (SEAL) .
Q v_~--1 . , ~`tL . (sE
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:?epued by Spiekr dc Tendrich. Attorne~rs - 2240 Bi~eayne Bl~d.. Miamt, F' ~
ar~J ~hall perform, comply w~th and abide by each and every the stipulations. agreements. condition~ and cove-
nants of said promissory note and of this deed, then this decd and the estate therebyct~atea sha{[ cease and be
null and void.
1. The Mortgagor hereby covenants and agrees:
(a1 To pay ~U ~nd .~n~ular the ~xmc~pal and interest and olher sums ot mot~ey payable by v;rtue o( s~id promisswy note and ih~s j
decd, or e~ther, prom{+tly on the days respectively tAe same severall~ becaaes due. '
(b) To permit, cana~t ar suftet no ~raste and to,ms~ouin tAe improremeatt at all S~mes in a state of aood repair and cond~t~on, and to
do a perm~t to 1+r Jone [o said premises nothinaihat r~ll altet or chaaae the use aad ch~racttr o( said ptoperty or ~n any +aY impa~r ~x ;
~eaken the aecunty of this mort~a{e. An7 io case of the retmal, neSleet or iaability M the Mottqaor to repair and auiAtain said proper- i
ty, Ihe MortpEee AaY. arhis opuan. make such repaits oecause tbesame Ea bt m~de.Rnd advance moaeys in tlut beKal(.
(c) To pay all and s~n6ular tht taxes, assessmen!s, (evies; iiabiiities. and oblisationi of erery aature ot~ said described propetcy rach
and evtry rhen dup and payable accadins to law, before' they become delinq~ nt, and ~~o deliver to the Mortsa6te on or be(ore MarcA
ISth of each year tax rcceipts evidenoio~ the paY~eni o( all lart~lly imposed taaes tor the ptecedina c~leodu year, to mdcmoify ~he
Afortaa~ce up~m hic Jemand for alt taaes, a,sescmentc and char~es that msy be sssessed upon this mort~a~e on tAe indcbtedne~s ~
cweJ hereby, and pa~d by the mortRa`ee, +ithout rt6ard to aay law 6eretofore ena~ted or hereafter to be enacted imposinE naymem o:
the w•hole a anY ~art thereo( upon the Motlaasee.
(d? To pay all and s~rtEular the cocts, char6es and expenaes, inc(udie6 laryers' fees and abstr~et coatc reasonably incurred or Da~C
any t~me by the Mortaa6ee because ut the failure on the p~rt of the Alat6a~or to pet(aq, comply with and abide by each and eve•~ the
supulst~ons, at~eements, condiuons aod co~enaats of said ptoaissay note and t6is deed. ot either, and every such'psyment shall ~+rar ~
~nteres~ Gom date a~ the nte of tcn UO'~) per centum per annum. _ _
(e) It is furthe~ covenanted and ageed by aaid patties that in the event ot a suit bein~ instituted to foreclose thia c.ortpae. the ~I~x~-
aasee chall he eMitkd to spplr at any ~i~e pendins such torecloaure suit to the court harios jurisdiction thereof for Ihe sppo~ntmcm
of a receiver ot all and siajular the ~atsa~cd property. snd of all rents, incoares. ptofits, issues and ~erenuea thereof. from rhat.ne•rr
se+urce derived; and thereupoo it is hereby eapreasly corepanted aad ssreed th~t the Court ahatl fatthvith appoiot such rectiver ~~th
, the uswl power` aed dut~es of receivers in like csses; and asid appointment shall be m~de by 1he court as a matter of .trict r~~A~
tAc f1la~psee, a~d ~•ithwt rekrence to the adequacy or inadequacr of ~he r~1ue of the property hereby mortsa6ed. or to the s~d~rn..
or iosolvency of the Mortsa~ors a aoy oNer pstty defendant to such suit. The Mort~a~a Aereby speci(ic~lly waives the r~sht to uh~rci
to the appo~atment ot a ~eceiver •s aforesaid and hereby eapressly consents tAat such appointment shall be made as an admitteJ e~u~~y i
and as a matter ot absolute ri6ht to the Ikottp~ee and that the same may bt done rit6out notice Io the Mortjasa.
(f) If torecloswe proceedia~s should be inslituted a~ainst the property corered by this mortasse upon ~ny other lien or cla~m Mhcther
alle~ed !o be supena a junior to the lieo of this mortsa~t. the Mort~s~ee ~osy at hia option iamediacely upon ins~iwt~on of .uch .uu
o~ durins the pendency thereo( declare this mat~~~e and the indebtedness aecured heteby due and paY~ble fcxthWith and may ~t
option proceed to foreclose th~s mortp{e,
(~I That the Matp6or riN keep aH real and personal property nor a hereafter encumbered by tAe lien ot this roort~asc ~nsured as m~~
be reQui~ed (ran time to time by the Mortpsee apinst la~s by tire, wmdstam and other hazards, casualues and conunEencie. f~~r .u.h
per~ods and ta not less than auch amounts as may be requirtd by the Mott~a~ee and to pay promptly when dae a!1 premiums (nr ~uch
. iesuraace. The aes~+unts ot insmanee required by the Alorts~aee sha11 ~e tde ainimwn smounts for ~hich said msurance shall be wnttcn -
and it shall be ~ncumbmt upon the Mort~saot to maintain such additioeal ineurance as m~y De necessary to meet and comply tuily with
all co-insurance requirements contained in said policies to We end that tht said Mort~a~or is not a cwiesuror thereunder.losurance
shal! be w~ritten by a company or toopanies apyrored w desi~aated by the Mottss~eo and ill policies and renewals th~reof shsll be he1J
by the Mo~tp~ee. All detailed desi~nstioes by tbe Mort~a~or rhich ue accepted br the Mort~a~ee and al) airecment~ botveen Mat~seor
and Mort{asee rel~t~n~ to insur~nce, noo e:istins or here~fter made. shall be in wrilins snd sAs11 be a part d this mat6ase asreement
as tully ss thouah set forth rerbatim hetein snd shall torern both parties hereto and their successots and assi~n+. No I~en upon any u(
s~id policics ot insurance or upm anr retund or return preaiium whieA may be pay~ble on the c~oeellstion ot term~nat~on tAereof, shal!
be ~iven to other ~han the Idartq~ee, exeept by proper endase~sent atfised to sucA policy and appored by Mott~a~ee. Each policy ~f
insurance shall have ~tfiaed thereto ~ Standasd Ne. Yak i/ortp~ee Cl~use withant Cafuibution. makin~ all loss or loss~s arnder ,uch
policy payable ~o the Alortp~ee as its interest euy appeu. In We ereat ter suo or sua~s of moeer becoae paya~le.thetowWet the ~tnrt-
p~ee ahall have the optean to receire and spply the ssse oa sccount of lhe indebtedness Aereby securtd. a to permil the ~IorteaRnr
to receive snd we ~1, or any part thereof, w~iihout therebr ~raivins or imp~irin~ snr equity. lien, or ri~ht under and by vutuc o( th~.
~~N6e. In te~ent of loss a phys~cal damase to the mort~ased propttty the Mortp~or shall sive ~mmediatt Dotice therenf hy rra~l to
the Matp~ee and IAe MwtRasee may mske proot of loss ~f the same is not made promplly by the Apht~a6a.Jn evem nf feKe~ln.urc oi
. _ . . aoo~ 1£~~ ~ `l~ - . ~ .
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