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PROVIDF~, ALWAYS. that if the,Mortsa~or sh~ll psy unto the Mott~a=ee the indebtedaess evidenced by a
cettain ptomissory note of which the followins ie wotds sad [i~ures is ~ true copy to-w~t:
. ~aHt~~L I~4tC •
s 1~?25.00 ~t~~,E~«~d. June 6,
FUK VALUE RECEIVEU :1e, ~ointly and severally e~ p,Y
tu the ~xdr~ uf PH L P E I~i L• ~ h; a W] f B_~~~sM
thr ptinripal iatm o( nA OUSe?II Y6A Hundred Twenty Five 8c WLLARS, tvaethK witl~ intrrr,~t
thc~eun Inw~ date at the ate o[ tea pee~cent. pu annum u~W maw~itp, bcith pri~ci~l a~d ioe~~~ b~:~ng parabk in ww(u1 mw~~~ of
the United 5tata~ at `'44 Bircayne Blvd.. Miuai. Flotida. or at such othu ptace as the hnldcnr hereof may dewgoat' in writii~. .
1'rincipsl and intera~t payabk in inatallmenb ar idloxs: .
Forty ($40.00) Dollars per month, beginning on the 15th day oY August,
19?0, and continuing on the 15th d~r of each and everymonth thereafter
' wntil paid in full.
.
This note may be prepaid ie whole or in part after oae year from iha date hereot upon payment of a penatty eyuivalent
tu tive percent ot the principal sum prepaid. •
F:arh im:tallment payment aF~all be ceedited Cust on the intereat due, and the remainder on principal; and interrxt Khal! t{~err-
u~wn cra*r uEwn the pnncipal ro creditcd. .
Tl~e a~aken~ and end~raees of thix note further agree to waive demand, nutice uf non-payme~t and pc~otest, and in thr event xuit
Jull br bnwaht for the collection hereof, or the same has to be collected upon demsnd of a~ attomey, co p.y ~
~ f Wr msking such cdiection. - . ' .
lk(crred paymenta hereunder ehall bear interest at the rate of ten pe~cent per annum from rasturity until Faid,
Thi~ note is Eecu~+ed~b~? a mort~e-of cven date huewith and ia to be construed and enfo~ced accordin~ to the la~rs of the -
~ te oi Florida; upon default ia thepay a~eat of principal aadlor interest when due, the whde aum of pnncipal ~ad in
~rmainina unpaid ahatl, at tl~e option of the hotdecs, becoa4e inunediatdy d e and payabk. ~
~ ~
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~.C~ ~ ~ • ~~L s~-~~ (SE:AL)
~ 1'r~p.r.d by ~eler b Te~drieh. A~tan~e~rs - 2Z40 Bi~ae Bl.d.. Miami. F' '
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and shall per[am, comply with and abide by each and every the stiputations, agreements. conditions and cove-
n~ta of said promissory note and o~ this deed. theri this deed and the estate thereby cceated shall cease and be
null and void. ~ ~
1. The Nbrt`agor hereby covenants aad agrees: . ,
.(a) To p~r all aad a~niulu the pincipal and iaterest aod other sums ot moosy paYable by virtue ot said proa?issory note snd this
deed. or tither. proaptly an tAe dsys respectively the same sever~lly becaae~ due. ~ " ~
lb) To permit, co~it or su[tet no ~rsste and ~o mainuin ehe improvemeats st aU times in a~tate ot ~ood repair and cooditioa. and to
do a persit to be dau to said presises eothia~ tnat ~rill alter or c6aose t6e we and c6uaeter d said property or in aer ~ray ispair or
~eatew the securitr ot this oortq~e. Aad ia case ot the refusst. se~lect ar iaability of tbe Mortia~or to repair aad aaiataia s~id ptoper-
ty, tAe Mortp~ee wy, at his optioo, make such repairs a eause the same to be wde, and ~draace moeeya in tl~st beh~lf. :
- (c) To p~Ir ~11 aad ain~ulu tl~e ta:es, asseasments, Itvies, liabilities, aad obliptioos ot every nature an aaid described p~operty each `
and every ~rhen dne and paYable aceadins to I~r, befare tUcr becoa~e delinquent. aod to deliver to tbe Mort~~~ee oa oc before 11arcA
~j lSth of e~ch ysu qi receipts e~idencin~ thc paYment of_~11 l~wtull~ i~pwed ta:es tor.the ptecedins c~lendu yeu; to iademnify the
! ~fort~a{ee upan hie deesad for all taxes, usessments and char{es that yy be asussed upoo ~his mort6ase on the indebtedness s•-
; cured htrabr~ aed ~+aid br t6e eyrtpsec, rithout resard to aey l~r bereto[ore eo~eted or 6ueafter to De eaacted iaiposinf ~aysent of
~ the rhole a any ~art thereot upoe the Mort~~~ee.
(d) To psy all sad sinsulu tbe costs, charses aed eapenses. includins la~yers' tees and abatr~et costs reasonably iecurred M paid at
~ any ~ime by the Ma~qsee beeause o[ the tailure ae the_ part ot tbe blorttssor to perform. coaply vith and abide by each and every ihe
stipulatioaa, aaetsenta. cooditioas and co~enants of a~id ptomissoty aote and tbis deed. ot either. and erery such'payment shall bear ,
• interest troo date at the r~te of ten (10~) per ceotum pec annum. t
(e) It ia far~ber corensoted sad apeed by iaid puties t6at in the ereat ot a suit bein~ inatituied to foreclosc this mortis~e, the Mort-
{a~ee shall be entitled to aOply ~t anr ti~e peadin~ such foreclosure snit to the court luvin~ jarisdietim thereof ta the sppoiatment
ot a r~ce~.e~ ot .u :oa s;np~u ~ oo~ia.a~a aovenr, aad of all reets. iecoses, ptoCts. issues ~nd revenue# thereot. fros rhatsoever
sonrce derired: and t6ereopoe it is herebr e:p[es~lr covensated and ~~reed that ~he Court saall forthrith ~ppoiet such receiver sith
the usual po~crs aad duties of receivers in lite cases; and s~id ~ppoiatuent shall be made bj the court as a matter of strict ri~ht to
tAe ?fat~~~ee, ~nd rithoot retercaee to the ~deqwey or ieadequaep of the ~slue ot the propetty 6erebr mortq~ed, or to the solrency
or insol~meY of the Mortj~~ors or any other p~rty detendaot to such suit. 7'6e Mortasta hereby specitic~lly ~r~ivee We risht ~o objcct
to tbe appointmeat of a recei~er as atoresaid ~nd Aercbr eap[essly oanaeots tAat auch appointment s6~11 b4 made as ~n admitted equity ~
and is s matter ot absolute ri~ht to the Mortp~ee and that t6e sase mar be daee +~ithout notice to the Mort~~~or,
(t) J[ foreclosure proceedio{s should be iastituted ~~ainal the propertr eorered br this oortp~e upoe aey other lien or cla~m ~heteer
~ alle~ed W be svperiot o~ jw?ior to tbe lien of tAis sart~a~e. tbe Mottp~ee may at his option i~smediately upon mytitutian ot sucA suit
~ a dwins tfie peadency t6ereo( decl~re this o~t~ase and tAe iedebtedness sec~red haeby duc ~nd p~yable fathv~th and may at its .
option proeeed to faeclose this mataa~e.
~ (v Th~t the Mort~or ~rill ktep ~ll resl ~od persoaal propectj no~r at beteafter encwebe~ed by tbe lieo of this mortp~e insured as may
~ be requi~ed (ras tiee to tise by tl~e Mlortta~ee ~pinat Iws by fire. ~nndst«m sad other da:ards, caswlties and contin~encies (or such
~ oeriods uW for oot Ie~i W~o such asouots ~i ~s~ be raquired br the MortNiee ~ud to par proaptlY w~hen due ~11 premiums for such
insurwee. TAe a~o~nu d insrnace required bp t6e Mortiasee s6a11 be t6e minimue awounts for ~6ich said insurance shall be rritten
~ aod it sball be incw~beot upon tbe M/ort{asa to aiat~ie snch additia?al insuraaee ss m~y be aecess~ry to meet ~nd complr tully . ith
~ all to-iosunnce.requireseata coabineA in said policies to tAe eod that tbe said MatNtor is not ~ eo-inswor thereuader.lnsurance ;
shall be rritteo br ~ to~p~er ot co~panies ~pproved ar desi~aattd er 1~e Mort~~tee ~nd all policies aad reaerals thereo( shill be held ~
~ bp the Mortp~et. All detaited desi~nations by the Mortt~tor vhich are sccepted by the Llort~a~ce and aU aireanea~s beeweea Mortp~w t
and 11att~a~te rel~tins to issar~eee. no~r e:istin~ a 6ert~(ter oude. s6~ll be in rtitia~ and shall be ~ part ot this aartsase a~reement
u fully ~s tAoush stt lo~th rerbati~ 6uein and shall {orern boeh Partie~ hereto aad their aaecesso~s ~nd aasi~ns. No liea upon any of
a~id policies of insr~ance a ~pm au7 refued or retum premiwa which sar be p~r~ble a? the cascell~tioe or tensia~tioa ~hereof, sh~tl -
be ~ivee to otbcr ~6ao tbe A~IorW~ee. eacept br oroper eadorsement dti:ed to such polioy and ~pproved by,AlortN~ee. Each policy of
ia~~r~nee ~6a11 6are affi:ed ~t?ereto ~ Sundud Ne~ Yak Mortp~ee Cl~use ~itbont Canvibntion, antieu sll lou a lossea under ~uch
~ policy psrable to tbe Nortpsee as its intcrest rsar aPOs~r. !n t6e erset aar sws a sus~s of ioooey becoae Psrable thereunder the Slort-
~aset shall h~rc tAe oPtion to rtetire aed aPplr tbe a~~e oa setant o( ~ht indebtedaess Aereby secutcd. or to oeneit the ~Iort~~Eor
to receire ~ed uti ~t. ~•ay p~rt tbereot. rithout tberebr w~ivin~ a iaqai~in~ sny tauity. liea. ot ri~ht under and by virtue ot th~s
mort~e. In e~ent o( I,o~s ,a p6~sic~l d~ma~e to the aott~sted prooerty the Mort~a~ot s6~11 {ive ie~sediatc eotice thereof by ma~l t~~
the Matp~ee and ~he Mor1{a~ee ~sy wuke proo( o( loss it the esme is not made promptly by the btort~aao~.ln event o( torecln.ure of
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