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PRl)VIpEn, ALWAYS. that if the \lurtgugor shall pay unto the ~lurtg~ge~ the ~ndebtednt~s <<•id~ncrd hy a
certa~n prumi~sory note ~ ~f which the foll~Ni~g in words and figures is a truc c~•py tu-w~t:
~
s~.}pn Miuni,Florida Februa]cy 21et. ~ 19~~..!
,
i
EOR VAI.UI~: RECI:IVEU We ~ ioint ,y a.nd severe~lly promiee to p,y
t the order of .TOS~'' ' ~
e principai ~,m o[ Nine Thousand ei11d 0~10~ -----------------DOLLARS, togethe~ with i~terext
~ ereon [rom date at the rate ot ten percent. per an~um until maturity. both principai and intereet being payable in law(ul monep ot
the United Statea at 2244 Biacayne Blvd., Miami, Florida, or at such othu place as the hdden heceof may designate in writina.
Principal and intereat payable in inaWlmenta as tollowe:
Two-Hundred (8200.00) Dollars per moath, beginning.on the 15th d~„q of
April, 1970, and continuing on the 15th d~y o! each and every moath
thereafter until paid fa ,full. .
This note may be prepaid in whole or in part after one year fcom the date hereof upon payment of a penalty equivalent
to five percent o[ the principa! aum prepaid.
Each installment payment ahall be credited Crst on the intereet due, and the remainde~ on principal; and i~tereat shdl there-
upon ce~e upon the principal so credited. .
The make~s and endorsers oi this note further agree to waive demand, notice of non-payment and pmtest, and in the event suit
shall be brought for the cdlection hereof, or the same has to be collected upon demand oE an attorney, to pay reasonable astorne~r's
feess for making such colleetion.
Defened payments hereunder shall bear inteceat at the rate of ten peecent per annum from matnrity until paid.
i Thia note is eecured by a mortpge~of evea d~te ha~ewith and is to be construed md enforced according to tha lawa of tl~e •
State of Florida; upon de4ult i~ thepa
yment of prineipd andlor inteceet when due, the whde eum of pnncipal and intercat .
remaining unpaid ehall, at the option of the holtkra, become immediatefy due and payable. .
(SEAL)
L)
PtePued ~r SPieler d~ Tendrieh. Attotne~ - 2240 Bira~rne 81~.. Mismi. •
anJ ~hall perform, comply w~th and abide by each and every the stipulat~ons, agreements, conditions and cove-
nants of said pnnn~ssory note and of this deed, then this deed and the estate thereby created shall cease and be
null and ~oid.
~ 1. The [1lortgagor hereb}~ c~venants and ag~ees: {
(a1 To pay alt and .~ngular tAe pr~ncipa! rnd ~ntrrest aad other sumc of money aayable Ay v~rtue of said promi~sory note and this
deed, or either_ prompUY ~~Ae days recaectively t'.:e same se.enlly becomes due.
(b) To perm~t, comm~t or su(fer no waste and to mamtain the improvements at ai[ umes ~n a state o( good repau and cond~uon, and to
€ do or permu to be done tu sa~d ,remi~es nothina that r~ll af~er or chan6e the use and chttacter of .a~d proprrty or in any way ~mpa~r or
E +~eaken [he se.un~y o( th~a mor?6ase. And m case of the re(~aal, ne`lect or inatiiliq~ of the Mort6aaor to tepair and maintam sa~d proper-
ty, the Mort6aEcr may, at his opttoe, makt such repaus or cause the same to be made, anQ adv~nce moneys m that behal(.
~ (c1 To pay all and ~in`ular the taus, assessmcnts, lev~es, liab~l~ties, and obli~ations ef every nature o~ sa~d desuibcd pruper~y cach
and every rhen due and payable accordin6 to lar, befnre they become delinquent, and to del~vcr to the Mortgagee oa or Aefore \larch
~ IStA of each yeat tax receipts e~Adencm6 tAe paymrnt of all''lar•fullY ~~posed taxes for tht precedms calen~iar year, to mdemn~fy the
~ Atartsa~ee upon his demand (ot all hxes, assessmentF aod charaes tha{ may bt assessed upon tlus mort6a6e on the indcbtedneva s~-
cured hereby, and paid by the mat~asee. withcwt re6ard Io any Is~r heretofore eoacted a herea(ter to be enacted ~mposi~a ~aymem of
~ tff whuFtor ~nY ~art thereo( upon ttie ~I.utpgee.
(d) To pay all and smaular thc~wzts, chat6es and eapenses, mdudin~ lawyers' fees and abctract cocts~reasonabh~ ~ncurred nr paid a~
any ume hy thc AhKtgaErt ber:~~se of the fa~lurc on th~ part of the MortRa~or to perfotm, canply w~th anJ ah~de by each and rver~• the
st~pu?ahons, a6reemcats, cond~tiun. and covenants o( said prom~ssory note and th~s deed, or e~tAer, and e~ery such paymcnt ~hall hcar
m~erest (rum 3~te a~ ahe rate of ten f 104e) per cemum per annum. ~
a
(e) It ic (urther covenanted and ageed by sa~d pa[hes that in ihe event o( a suit bein6 ~nstituted to (orcclose this mcKtgagc, thc \tixt-
~ sa~ee shall be entiUed to apply at any I~me pendin6 sech («eclo+ure suit to the court havirts jurisdiction thercof tor the sppo~mment
o( a roceiver ot all and emeular the matgaged propert~, and ot all rems, incomes, profits, issues and revenuec thereof, from ~hatsoe.rr
source denved; and thereupon ~t ia hereby eapressly co~ena~ted and •jreed that the Court shall forthWith appoint such rece~r-er ~•uh
~ ihe uswl puwcrc and luhes of rcceivers in Iike cases: and s~id appointment shall be made by the court as a matter o( strict n~ht ~u
~ the 6fataa6ee, and vr~thout reference ~o the adequacy or inadeqwcy of the ralue of the property he~eby mort6aEeJ, ~x tu the solrency '
~ or incnlvency uf thc Mortta~ors or any other party defendant to such sui1. The ~1wt~a~or hereby spec~t~cally waives the right ~o ob~ect t
to the appointment of a rcce~ver a~ atwesa~d and hereby taptessly consents that sueh appomtment shall bt made as an adm~ttcJ rqurt~
~ and as a mstter of sbsolute ri`ht to the ASortga~ee and that the same may be done w•ithout notice to the ~tortsa6or.
~ (f) Jt (oreclosure pr«eedm~s should be instiwted •~ainst the propetty covered by this morts~ge upon any other I~en m.la~m whcther
.t alte~ed to be supenor or ~unior to the hcn o( this mat~~~e, the Mottp~ee may at h~s ophon immediately upon ~n~htu.~on o( .uch su~t
or dunn6 thr pendeney thereof declare th~s mortgage and ehe indebtedness secured heteby due and paYable torthu~th and may at ;t.
ophon proceed to foreclox this mor~sa~te.
~ (~l 7'iut the Stcxtaa6ot w•ill'ktep all real and personal propcrty nov « hereafter encumbered by~ the I~en uf :hu murtg~se ~n,urcd ac m.,y
= bt requtred (tom time to timc by thr \tortEaQee aRa~nst toss by (~re, y;~ndstam and other hazards, casualt~e+ +nd ~~.m~ngenc~rs (nr .~~h ~
penods and toc not less thaa auch amounts as may 5e requued by the Mort~asee and to pay promptly Mhen due a!1 prcm~ums tnr such ~
~nsurance. The amaunta ot inaur~nce reQuiaed by the Alortgs6ee shall be the minimum amounts tur whtch sa~d ~nsurance ~hrll Ac +r~tlen ~
and ~t shal! be incambtot u n the Mort a ot to mamtam such sdd~uonal ~nsurance as may be nececsar ~ to meet and com ~ :
Do t E ) p.y lulty ~ith
~;g all co-insurance reqwrements conia?ned in aaid poGc~ec to the ead that !he said M«tgasa u not a co-insuror ~hercundcr.Insurancc
shall be wntten by a coa~pany or coenpanies approved or des~6nated by the Mart~a~ee and all pol~c~es and renewal. thereof ,h.ll he hciJ
= by the ~lw16s6te. All deqiled desi~naUOas by the A1ort6a(tor wh~ch ate accepled by the MortsaRee and all a`retmrnts Aetweer. ~lort6a~or
and ~lortsaate relal~ng lo iniur~nce, now t:~st~n~ or here~(ter.made, s6a11 ee in ~rr~tinj and shali be a part o( th~~ mortgaEc aErccment
- as (ully as thou~h set forth verbat~m herein and shall {orern both parties hereto and the~r successors and assign.. No I~cn upon any ~~t
c-ls eaid po6cies ot in.urance or upon anr rcfur.d or rcturn premium vhich may be pay~ble on the cancellation a urm~nat~on ehereof, .hall
`i be ~iven tu other ~han the Nor~~aEee, eacept by proper e~orsement a(fi:ed to such pol~cy tnd approved by Mortta~ee_ Each pufi~y nf
msuranct shall hare aff~xed there~o a Strndard New York Mort`a~ee Cl~use w~thout Contnbution, mskina all loss ~x fossc. unJcr .uch
' policy payable ~o the ~lortpsee ss ~ts ioterest may sppear. In the event any sum a sums o( mooey become psyable thereunder the ~1~~rt-
~ R~6~e shall have the ophnr~ to rece~ve and ¦pply the same on account of the ~ndebtedness hereby secured, or s~ perm~~ tAe ~1~rt~eaR~~r
lo rtce~ve and uve it. .x any part thereu(, without thereby ~uaivins a fmpatnn~ any eQuily, I~en, or ri6ht unJrr rnd by r:rtuc o! ih~. =
murt6a~e. In event of loss or phys~cal damaEe to the mort6aEed ptoperty the ~lort6a(tor shall E~ve ~mmed~atc nuucc thcreu( by r~~l t~~ ~
z~ the 11ur1RaRcr ;.J th` ~1nrtRaEre mav mrke pro:~l In.~ ~f thc c~mr ~c nm madr pror~ptl~~ by ~heR lu~k~ x. Ir~ r..•n~ ~,i :~~re.l,,•usc '
_ t~! d00R ~~J PACE~~U~ '
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