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PR!)VIUEh, ALNAYS. ~hat if the ~1or~gatot shall pay unto the ~lort~a~ee the indebtedness evidenc~d by a
certA~~ pru~n~.aory nute..,~,__nf which the follov?ins in w~orda and fi~ures is a trur cupy tawit:
= 19~•~ A ril
M~u, ~a~- P 18 • ~9 70
F'OR VALUB REC~IVED We. iointl3r and eeverall~ ~o ~ ~
o the «der of ri d i: T~ $0 `L his wif e
he princip~l wm oi II H d 1~1! aririQ NO 1 ppL~~, to~ethe~ with intn+est
te~om date at the rate o[ ten peme~t, pee w~nm ur~til mat~eitp, both prinapal +~nd internt ban~ MYaWe ia law[ui n~on~ oi
the Ueited Stata at 2Z4~! Biecayne Bivd., Miuni, Flo~rid~. or ~t wch Mlkr pl~oe as d~e hddas h~col n~r dai~nate in mitin6.
P~~cipal and inte~st payabk in iniWlmenb ar [olbw~:
Fifty (l~50.00) Dollars per ~oatt~, bsginaing on t he 15th d~ ot Jun~
19~0, and oontinuing on ths 15th d~ ot saah end enery ~oath thersa~tsr
until paid in lull.
This ~ote may be prepaid in wlwle ar ia part after one yest ftaq the date I~reof u~poa payment of a penalty equivalent
to five perceet o[ the principat snm prepaid.
E~ch installment payment el~a!! be c~+edited fuet on d~e inter~est due, and the remainder vn principil; and intee+eat d~all theer-
upon ceaee upw~ the priecipal so credited.
The makcrs and endorseea of this note furtl~ a~ree to ~raive demand~ no~ioe o[ n~•paym~nt and pcotest, and ie the Crent auit
. ehail be bco~u6ht Eor the colkction ha~eot, or the aame lus to be ooUected upon demmd o[ an attorney. to pay ~eaeonabk attornry i
leeu for auch cdlection.
De~papmenh her~eunder elull bex interat at tl~e ate ot ten pe~nt pa annam tras mataritp dntil ~aid.
Tha no~e is.eea~red b~r a nwrt~e'of ~rea ~b bereMrid~ aed» to be co~ aa~l aafoe~ad ~oooe~ b d~e IaMS o the •
~ State of ~lo~ida; upon defiwh ia d~ep~~~en t ot prinapal aRdlor inttrat w6ea due, d~a whaie eom d pnncipd sad 'n~
iem~inins anpaid d~a11. at t!n option of the holdets, beeome ~
.
h~ePre~ b~r SPiek* ~ Teairiel~. Attaner -~0 Bi~eafw~ ~ri.. Mimi. ~ `
and ~hall perform. cumply with and abide by each and every the stipu{ations. agteements, conditions and cove-
nants uf said pr~xnissory aote a~d of this deed, then this deed and the estat~ thereby created shall cease and be
null and void.
`
1. The Mortgagor hereby covenants and agrees:
lal Tu pay all and ~~n6ulu tAe princ~pal and interest =nd uther sums of money payable Ay v;rWe o( ss~d prom~ssory note and this }
deed, or eether, pranp~~y on ~he days re.pec~~Ye1y ihe sae~e severslly eecomes due. ~
~
(b) To perm~t, caamit a su((er no ~raste asd to msm~ain the imptovements at all times in a state of sood repair and coed~uon, and to ~
do o~ permit to 1+e dane to ss~d preieises nothin~ that rr~ll slter or chaase t6e use and chuacter of sa~d ptoper~y ar ~n any way impair a
weaken thc. cecun~y of this mortEaje. And ia case ot the retusal, aeRlect or iaability ot We 1~lott~a6or to tepair and maintsin s~id proper-
ty, the 1lorlp~es iaay, al Ais opuoa, mske such tepairs or cause lbe same to be msdt, aad advaece mo~tys in thst beA~lf.
(c) To pay all and s~ntulu tht qaes, asses~ents~ leries, liabilities, aad'obli~atipas d evcry natrte on`aaW descti~d~ra0etty ta~h
and every when due aod paYa~lc acco~din~ to tawr, befae.tAey bscowe deli~aeut, aed ~o dqliret to t6e ~Iort~asF! on ar b~tote ?larch
fSt6 et eacb year ~sa fQlOl~It lY1dCAC1As,tlfe p~ymeot Qt all br[pib ~eb~~d taxee (ot.}he ptsced~a~ estsedar yeu: to.~nd~mn~ty tl~e
Atortja~ee upon hia ~eensnd (or al{ uxes, a.sessmenta apd char~e; ih~t puy be asslaSed upon tdi~ mort~ase an the~ndeb~edness
curcd hc~eby, ami ~+s~d ~y the,mprtEa~ce: ~ithoul rc~ard to sey fa11 heretdore tascted ar h'aesher to be rniCted~~epos~ns paymen~ o:
~he rhole a any ~arl thcteof uPon tAe INottaa~te. ~ . - -
(d? To j+ay all and ~c~n6ular the costc, char~es and expenaes. iaclwl~n~ la~yets' ttes and absUaet coctc reasonably ~ncurred or pa~c
any ~nae Ay ~he Mort~asee becau.e o[ the fa~lure on the part of the Idort6asot to perforo. eosply r~lh and abide by tach and c~r•~ ~he
+t~pulauoe~s, a6recments, candihon.c and corenaeti of said paaissoty note snd this deed, ar e~tAer, and t~ery such~payment shal! n~ar
~n~erest (ram Jatc at the rate o[ ten I IOS1 per centua per annum.
(e/ (t i~c (urthn covenanted and s~rced by said pstt~es th~t in We event of a suit bein~ instituted to toreclast thia e.oct~a~te, the ~I~x~-
ltssee shall Me entitled to apply at aay ti~e pendios ~uch foreclosure suit to the court l~arinj jurisdictim theteot for the appointmrnt
of a rese~rer of a!1 and bin~ular the oatsased propetty, and ot all tents. iacaees, ptotits, issues aod reveauea thereof, trom w•hat.~Kt.r
cource derived: and thereupon it is Aereby eaptesalr coveq~ated aad ~~teed tA~t t6e Cautt abal) to~thwith appoint such receiver w ith
the u.wl porers and duaes of rece~vers in tike casea; and said appoiaiment shall be nwde by tAe court as a matter .trict r3~h~
?hc ~lortsa~ee, and ~ithou~ reterence ~o the adequacy or inadeQuacy of thr ~alue o( the property hereby matsa6ed, cx io the s.•l.~n.t
~x insolvency of the Mort~a~ors o~ any other psrty defemlant to such suit. 7'he Mortqsot ifereby spee~fically waives the nsht to u~+~r. r
to the appo~n~orent o( a receirer aa aforesaid and hertby espessly tansents that such appoentsem s6a11 be asde as an adm~tted r~u~~~
and as a matter of abcolute risht to the Matsa~ee and that the sase say be dooe nt6out notict to tAe Mo~t~s~or.
(f ) If (orocloaure proceediap sbould be inst~tuted as~inst t6e'ptopettr covered by this awrt~ate ~poe any other lien or cl~~m ahrthc+
allesed to be superia or junia~ to the liea ot tdia qort=s~e. Ihe Mo~tp~te may at his opuon imsediatelr upon mstitutian of .ucA .wt
a du~~~ pc'~dte~cy thenof decbre tbis mortjsae and~tAe i~debte~aess sicired hereby due and payable ttxt6w~~h and may •t
option prceeed to toreclwe th~s mortsa~a ~
(s/ Tfiat tAe Mortpsor will teep all re~l and personal ptopertr eo~ a here~iter encuabered by tAe lien of this eiortsa~e ~nsured mr~
be requi~ed froe~ time to tiiae by U?e Morep~ee. a~ainst iosa br fire, M•~rdstam and other ha:srds, uawlUes snd conun~enc~e. G~r w.!:
oenods ind toc aot less t6an such amounts as osr be required by ~Ae Mortaa~ee and to paq prowptly ~rhen due all prem~um~ I~r ,uch
inauranee. The ~mauau ot iasqranet ~eqaire4yy the Mo~ta~{ee ahall be the mia~u~us amounts for ~rhich said insurance shatt be wnncn
and it shsll be mcuobent ~pon che Mort~a~or'to oaietafe sucA sdditional iniw~nce ss iear be necessary to mee~ snd comply (ull~ r~ih
¦11 co.iasut~ae< requiteweats contsined io said policiea to the tad that tbe said Mort~asa is aot a co-insuror thereunder.lnsurancc
shsll be rritten by a campany a coepaaies a~ored a desi~nated by tAe 6(ortia~ee ~nd ail policies aad renerats ehercof sha!! be Aeld
~Y ~t Mor+ptee. AI! deqiltd desi~nalions by U~e ?toitjasor whieh ue accepted bp the Mottq~te ~nd all a,steetseots betveen Mortp~or
and Mortp~ee rel~t~n~ to insur~nce, nwr etistios ot bere~tter made, shall be in rritin~ and ~A~II ?e ~yt
rto( th~s mort~a~e a~reement
as (ully as thouth set fath rerbat~u~ herein aeA sAalt ~overn both parties Aereto and eheir s~ctefsars abd asseins. No lien upoa any o!
s~ld policiea ot insursnce a u~on aar re(und or retum ore~iuw ~hieA say be Pay~ble o~ tbe c~eeellation or terminauon thereot~ shsll
be ~iren to other than the Mo~t~ajee. except by p~oper endoraesent s(fi:ed to such policy ~Dd ~pptoved by 61o~l~a~te. F_ach pol~cy nf
insurance shalt hsve affixcd thercto a Sqnd~d New York Mort~s~ee Clarie ~iWout Convi~on. a~tins all toss or losses under w~h
policy parable ~o the Monp~ee as ~ts interest say a~tar. Ip 1he eveat sfy suw ar swas of ty bccaae.p~yable thereunder the \lort-
~a~ee s6a1) have the opuon to rtce~ve aod apply the saAt oa ~ccount ot tDe iodebtedness hereby stcused, or to perm~t the ~4nr~EaE~.r
to rccei~e snd use ~t, or artr part thereot, *ithout lbaeer *~ivins or ilspsirina ~ny equity. licn, a n~ht undcr and by vuiue o( th~.
mat~ise. In event nf loss or phys~cal d~mase to ~he mort~a~ed property the Mortq~or shsll ~~t ynenCd~at~no~~~e ~herc~( 1+y ~-a~t t~~
Ihe Morlp~ee arul the A~or~a~ee nay makt proof of loss ~f the same ~s not nude proreptiy by Mt yort~as~r. In c.rot 4( ItM[~Irt~1~If r,(
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