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PRl)YIU~n, ALN'AYS, that if the ~brtga~or chali pay unto the ~brtgagee the indebiedoess ev~denctid by a
certa~n prwni.sury nutr o~ which the following in wurJs and figures is a true copy to-wit:
~la~,~~aq~e ~Zate
S 4~ Fi'~cj• ~~liami, FtoriJa i5ay 19
FOt~YJ~~iE~}tI:GE11!F,1)~~~ 1•le. _ ~O~r.t~1v and' s,everally ~ ~ °
; t he order of ~,11iZV1~J~i~11t~_ L J • t: c, ~ o ~YIt.'~j
~YTuYI ~ S~:_Z~ _ m?~ J~?~('~i)S j y
. _
~ tli princi~al sum of FoLir ~ h;,u sa~d 5'1X Hun r6d aeventy-~ 1V@ ~CiT.L~1ta, togethcr with interr.t
; thereun froui date at the ntc of ten pcrcent. per annum until maturity, both principal and interest bcing payable in lawful moncy o[ ~
; the United ~tates at 22-14 Bucayne Bivd., ~liami, Florida, o~ at such othe~ place as the holder~ hercoi may dcsig~?ate in wriling. ~
. Principal and intereat payable in inxtaliments as follows:
One Hundred Thirty (~130.00) Dollars per month, beginning oa the 15th
~ day of :uly, 1970, and continuin~ on the 15th day of each and every ~
month thereafter unti~ paid in full.
~ , ~
This note may be prepaid in whole or in part after one year from thc date hereof upon payment of a penalty cquivalent
to fivt p~rcent of the principal sum prepaid.
Each in:tallnzent payment shaU be credited t~st on the interest due, and the remainder on prin~ipal; and intere~t shall thrn-
, upon cea;x: upun the principal so credited.
The mal:e~ and endo~ers of this note further agrce to waive demand, ~otice of non-payment and protest, and in t!u event auil
~}iall be brought for the collzction hereof, or the same has to be colleeted upon demand ot an attorney, to pay reasonable attorney'a
fera [or making such c~lleetion.
Deferred payments hereunder shall bear interest at the nte of ten percent pea annum from maturity u~til paid.
1'his note is secured by a mortgage of even datt hcrewith aad is to be conshved and enfomed according to the laws f the ~
~tate of Florida; upon drfault in the payme~t of principal andlor interest when due, the whole eum of principal and ' rest
remaining unpaid shall, at the option of the holders, become immediately due an~-~?ayable. ,
/f- • Ec . ~ .c C . ~ - ~ (SEAL) I
1
' c.-- • - . ` (SEAL) ~
Prepued by Spieler & Tendrich, Attorneys - 2240 Bisayne Hlvd.. Miami. F`~
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ar~d ~hall perform, comply with and abide by each ~and every the stipulations, agreements, conditions and cove-
. nants o[ said promissory note and of this deed, then this deed and the estate thereby cteateo shall cease and be
null and ~oiJ.
1. The 4brtgagor hereby covenants and agrees: ~
Ial Tu pay sll •nd ~~nRular tAe prmc~pal and interost and other sums of money payable by virtue ot said prom~ssexy no~e anJ th~s ;
deed, or either, promprly on the dayc respecuvely the same sevenlly becomes dut. , `
(b) To permi~, cixnm~t or sufkr no +raste am1 to ma~ntain the improrertxnts at ali times in a state of sood rep~ir and cond~tum, and co t
do rx perm~t to br done to sa~d prem~ses no~hinE that will alur w chanae tAe use and ch~racter of sa~d p~oper~y or m any ~~ay ~mpair a
reaken tl+e cecurity of thi~ mort`a~e, And in case ot the refusal, neslect ot inability of the Mortsa6or to repair and mai~ta~n caid proper-
ty, the blartpR~e may, at his opuon, make suCh repaits o! causS; the sa~se to bt made, at~d advance moneys in that behal(.
(cl To pay atl and c~niulu ihe ts~es, assesarunts, ltvies, liabilities, sod obli~stions ot every;nature on said descnbed ptoperty ea~h
and every ~he~ Jue and payable accord~na to lar•, Aetore they become deliqquent. and to delivet to tAe Martsa6te on a sefore [?tarch
ISth of eacd yerr taa receipts evidencins the piYment of alf la~rfulty iapoaed taxe3 for.the precednu ulendu Year, to indemn~fy the
Afort6a~ee upwi his drmand !or ail taxea, a.sesaments and ~har~ea that mar bt •ssessed upon this ua~a6e on the indebtcJne~~
cured hereby, and paid by the matEasee~ r~thout ee6ard to any la~r hetetofore enacted w hereafterto be eoacted imposin; paymrn~ o:
che rhole or am ~art thereof upon the M~xt6a6ea
(d~ Ta pay all and sm6ular [he co.ts, char6es and expertses, intludina lsryers' fees and sbstnct cocts reasonably ~ncurrtd or pa~~ at
any t~me by ~hc Natgateee becau.e ut the fa~lure on the part o( the Mort6a~or to perform. comply ruh and abide by each and e~r•> +hr
st~pulat~ons, a6reements, cond~uon.. and corenants ot said pranissay note and this deed. ot titder, and every such'payment chal! hrar
in~e~est (rom datc the rate ot tea I l0'L) per centum pei annum.
(rl It i~ further corenanted and ageed by said pstties that in the erent ot a suit bein~ instituted to fo~eelase this c.cxtga~e, thc ~1~xt-
Ea~ee shall be enti~led to apply at any ti~e pendin6 such (aecloaute suit to the court Mvins jurisd~ctim theteof [or the sppa~ntmcni
of a receiver ot all snd sinsular the mat6aacd property, and of aft reats, incanes. ptofits, issues and ~evenues Ihereof, from shat.iKlrr
sourct derived; and thereupon it is hereby expressly covenanted and a~teed that the Cwtt shall forth~rith appoint such receirer ~th
the usual power~ and dut~e~ of receivera in like c~ses; and said appoinheent shall bs made by the court as a matter o( .trict r:`hi
thr Nataa6ce, aiM r~thout reference to the adequacy or inadeQnacy o( the value ot the praperty htreby m«taa~ted, or to the s~•I~rn.:
rx insolvency ot the Mortsa~ors or any other psrty defcndant to such suit. The Mort~a~a hereby spcci(itally waives the naht t~~ ..1+~.•.:
to tht appolntmen[ of a receiver aa sfortsaid and hereby e:p~essly consents Wat such appointment sha11 be made as an sdm~tted .yu~ty
and as a matter ot absolute ri~ht to the Mortiaaec and tAat the s~~e ssy be doae rithout notice to the Aloct~s~or.
(t) If loreclos~re proctedeop should be instituted ~asinst the property corered by this mortp~e upon sny other lien or cla~m ~htthr•
alle~ed to be superior a junior to the lien a( tdis mortpse. the Mottsa~ee msy at his opt~af immedi~tely upon in~utut~on o( .uch .u~t
a dwin~ ~he pendency thereot declare this mort~a~e and the indebtedness secured Aereby dve payablc ferthrith ~o~ may .s
opiion prnceed to foreclose this mortjase.
(t1 77~at the Matp~tor will kee alt re~l and t
D personsl propert~ nwr a hereaftcr encumbered by tAe I~en ot this ~ortga~e insured as m~~
be required (tom dme to tierc by the Mor~aa=ee apinst loss by fire, w~~ndstorm and other hazacds, casualues and conunEencie. G~r .u.h
periods and ta not less tdaa such amounts as w~y be requ~red by ehe 11brt~a~ee and to pay promptly when due all prem~ums IrK ~uch
msurance. The aoounts of insursnce requited by the I~lorta~see shal) be the;minimum aawunts for vAich said insursnce shall be wrttcn '
and it sball be incwabent upoo the Mortaa`ot to ~paiaf~in auch additionat ~nsuranee aa may be necessary to meet and comply fully w~~h }
•11 co-insuranet requi~ements coniained in said polieies to tbt etM that tht ssid Mortsa~or is not a co-insuror thereunder.lnsur~nce }
shall be w~Titten by a company or cospaaies aPproved or des~~nsted by the Mort~a~ee and ~11 polic~es ~nd renerrals thereo( shsil ?x 6eld ;
by the Mortp~ee. AII detailed desi~n~uons by t6e hlort~~~or Mhich ~re accepted by the f~tort`asee and alf asreementc betreen Mort~a~or
and Mort~a~ee relatins to insurance, nor exisunj or heresfter made. sh~ll be in writin~ and sAall be a part of th~s matsase asreement
as fully as thouih set torth verbatim herein and shall ~overn botA parties hereto and their successots aqd.'ssi~n+. No lie~ upon any u(
s~id policies of insurance or upoe any refund a retum premiwn which ieay be pay~ble oa the caaeellatioa a terminauon therto~. +ha1!
be siven to other than the hlatss~ee, eacept by proper endorsement a(fi:ed to such policy and ~pproved by INott~a~te. Each policy nf
insurance shsll hsve •(fixed thereto ~ Standud New Yotk 1Aortp~tt Cla~se rit6out ContriAution~ makin~ a1) loss or losses unJer .uch
policy payabte ~o the Mortpsee as ~ts ioterest enay ~pOtar, !e tAe ereet any suo or swns ot money becoex p~yable iF?sreunder the ~lort-
~a~ee sAsl) hare the opuon to rece~ve aed ~pply the samt on account ot the inde te~n~a ~ertby secured, or to permit the ~torcgaF~~r
~o rece~ve ~nd~ use a.~r p.r~ thereot, without tAereby ~raivia~ a imp~rin~ e k lien, or n~At under and by v~rcue of ehu -
arort~aEe. In erenl o~ loss or phys~ca! daeu`e to the mortsssed ytoperty the A~ottp~ot shaU {ive qraaed~ate not~ce ~hereni by r~a,l t,~
the Morlp~ee ~nd the AIorlEa~ee may mske prnof of loss ~f the sure ~s not made prompUy by the ~forsEa`or.ln cvcnt o( I~Ke~l~~urc of
~ aooK184 ~~2675 ~ -
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