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PROVID~(1, ALNiAYS, th~t if the Mo~t~a~ot shalt pay unto the ±Nott~a~ee the indebtedness ev~dencrd by a ~ ce~taie om~ssor note ' of which the followin ~n wocd: and fi ures ~s a uue c • P~ so Y t t opY taw i 1: E ~s~~ . , : 26~.00 _ 1?fi~mi.l~lurida Jul~_ 2''j ~~?'~0 ~ FUR VALUE RlsCEIV~U I p~wui~r lu Na~ ? ~ thr u~dre u( NAT FRI~DaIAN aud TILLIE FRIED:'SAN, hiS wi~~~~ ~r princip~l wm uf _~Q ThOUSBIld SlX Hundred Twenty FiY~ ~1.Q_IH~J AItS, t~R.•~h~•r wit6 intr~r•t t~rrr.un iruui date at the nir. uf teo prn:ct~t. a~num until maturity, buth principal and iutrn;at IH~i~~ payablr It1 IJK~UI b1UU~•~ uf ~ thr lJnitrd ~tat~~ al-'_''~~-L ~4~1'i~/t1C Blvd., 1liami, Florida, cK at sueh other place as thr hutdera hen•uf may d~.•i;;i~at~• in wntin};. 1'rinripal and intrrr:t payable in i~~tallmcotr aa fulluw~: Fifty (a50.00) Dollars per month, for sixty (60) consecutive months, ~ ' on the 15th da~y of each and every month, beginning on the 15t~ c~y ~ ~f of September, 19?0, and continuing until the 15th da~,y ~f Septeaber, ; 19?5, at which time the balance will become due and payable. ~ ~ . . ~ This nute may be prepaid in whole or in part a[tec one year•from the date hereof upon payme~t of a penalty eyuivalem • ~u five percent of the principal sum prepaid. ~ t F:acli imtallment ~?aymrnt .hall br rrr.ditr.d first ~~n the interest due, and tlir ~maindc~ on principal; and iotere~t •Iiall tl~~•n•- upu~~ ce~,•r u~wn the principa) su crtditr.d. ~ ~ Thr makec~ and endor~rr~ uf thii note further agrce tu waive drmand, noticc uf nuu-paynecnt and protwt. and in t6~• r.vrnl wit ~I~rfl br bruught [or the coltection hercof, or the s~me h~ to be collected upun demand o[ an atturney, to pay rea,onablr att ~ry i: f~•r. fur makino such cullectiun. " ~ 1)rf~•rred payme~ts hereunder shall brar interest at the rate of ten pen;ent prr annum Gc~m maturity until paid. 'l~l~i:~ note is secuced by a mortgage~of even date herewith and is to be construed and enforced according tu tlie.law. f the ~ ~t~tr of f lwida- upon default in the payment of principal andlor intetest~ n due, the whole sum u[ pnggipal and in erext ~ ~rrruining unpaid shall~ at the option of the hulaers~ become immediately ~ue an payable. / i ' ~ - ~ - ~ : ~ : ~ ~ ' ~~i i ~ ~%t'« (~E ~L) g j / ~ t ~ i Prep~rrd by ~piele~ & Trndrich, Attomeys -?..~40 Biseayne Blyd.. Niami. Flo~ida -(~F:f11.) a~K1 sF~all perform, comply with and abide by each and every the stipulations. agreements. conditions and cove- ' nants of said promissory note aad of thia deed. then this deed and the esute thereby created shall cease and be ~ null and void. • 1. The Mort~a~or hereby cov~nants and aarees: i (a) To par •11 and sinsul~r the principal aad intetest and other swns ot a~oner pay~ble by virtue ot said promissay note and this ' s deed, a eitder, pruaptly qn the d~ys respec~ivelr the saoe severally becoses due. ~ lb) To persit, caasit or sntter no ~rsste a~d to a~nu~n tAe improve~eeats ~t all tiwes in a state ot ~ood repair and coad~uon, and to do ar persit to be done to aaid prea~ises nothie~ Wat rill ~Iter or chao{e tAe use ~ed cAuatter ot sai8 property or in any iray imp~ir a ' reaken the security ot U~is ~ortpse. And ia caae of tAe retusal. ae~lect oc inability of We Yortqsor to repair aed sainta~e said proper_ or ~ ty, the Ifortpsee wy, st 6is optian, ~sake sucb reoaus a cauae tbe same to be ~ade, uW adraace mooers in that beh~l(. property each ~ (c) To p~y all and I~IDjYIit IAC ltltf, asseassents, levies, liabilities, and oblisatioas ot every nature on said desuibed ~ and everr ~hen due and psyabfe accordins to I~r, belore they become deliaquent, and to deliver to the Mo~t~a~ee on a before Narch ~ lSth o! eacA year tax receipts evidencie~ tAe p~rietnt of all la~lully i~posed taaes for the ptecedio~ caleedat year; to indemn~ty the ~ Mortsasee ~pou his desand for all t~:es, a~sesxments ae~d cAar~es th~t say be assessed upbn t5is mottas~e oe the iedebtedness ~ cured hereby, snd paid br Ne mottp~te, v~thout re~ard to any I~r Isereto(ote eaacted « be?~.ae~ ~o e< <~~«<a ~~~~p~ ar the ~Irole a any tin thereo( upoa tbe ?brt~a`ec. (d) To p~r all and sin~ular the costs, cdar~es and eapeoses. includio~ la~yets' tees a~ absu~et cosls teasonably IACYRtd M pa~d at any ~ime by the Mortsasee beca~~e o( 1he tailure on ~he p~rt of tbe MortEasor to pettorm~ cooply rilh aad ab~de by each and tvery tAe stipulat~ons. a~reements, caaditions and covenaets.o[ saiA promissary note and Ih~s deed. or eitAer, and every such'payiaent shall bear ~n~crest fras date at the ra~t of ten (IOS) per centua per annwo. (e) It is further covenanted aad a~eed by said p~rlies tAat in the event of • s~it beins institwed to t«eclose ~h~s mat~a~e, the Mact- ~a~ee shall be eatitkd to ¦pplr ~t s~ time peedie~ sucA faeclosure suit to tbe eoutt havin~ jurisdicl~on ~hereot tor IAe appo~ntment of a receiver of all and siajulsr t6e sat~ssed property. and of all rents. iecaaes. profits. issues ~nd revenues tAereof, has vrhatsoeve~ source denved; and there~pon it is hereby expreasly coveeaated ~ad s~reed that ~he CoYrt shall torthritb ~pOoint sut6 rece~vet r~ih the uswl pwerc and duties of receirers in like tues; ~a~ a~id •ppoiatment sltall be aade by ~he court u a matter ot striet ri~ht to ~ the Mort~s~ee, snd +ithout re(erence to the adeqYacy or inadequacy of tAe ~alYe ot tbe property Aereby ~t~a~ed. or to the solrency or insolveacy of the Mortp~ors ar any other party detendant to such suit. The Mat~s~or hereby specific~lly w~~ires tbe n~ht to objecf to tbe appointaent of a recei~er aa ataessid and herebr e:p~esslr caueab that such appo~atsent s6~11 be ~ade •s an sdm~tted equ~ty and as ~ wtter of absolute ri~ht to the 6lattq~ee aed that t6e s~~e say be done ~ritAout notice to the A~lort{s{ot. ' -(f) It faeclosure proceedin~s should be instituted asainst tbe property corered by tbis sortp~e upon any other lien or clum rhether ~ alle~ed to be superior or juaior to the litn of tAis eottpse. the MortN{et my at his optioa imsed~~tely upon instituuoe of such su~~ 3 or dwia~ ll~e pendency thereof deelare tAis ~t~a~e ~ad tbe indebtedness secured herebr due and psyable forthw~tA and may at ~~c optian proceed to toreclose t6~s wo~tp~e. _ TAat the 11ort~or ~ri11 keep all ~o.~ .~a ~~:w+.~ ao~~er oo. « eere.r~er ~o~~we~r~a ey ~e~ I~en ot this aort~s~e ~nsu~ed ~s may be required fro~ time to tise by tbe Mottsasee ~qinst loss by tire. ritds~ore and ot6er h~sards, caswlties and cont~n~encies (ur such penads and fo~ not lesa tban sucA aaouata u~y be reqnired br the Mon~ee aod io p.r proap~ly rhea due sll prem~uras fa such insurance. The a~o~nts of ia~Yr~sce rtquucd Ar tAe Mott~asee s6~11 be t~e oini~us a~ouots for vAich said ~nsurance shall ec rrnuen aad it shall be iacwbent uPoa tbe Ulort~a~or to Miatain such addition~l ies~ru~ce ~s sar et necessary to seet and comply fully ~r~th sll co-~osurance requireiseats conbined in aaid policies to the end that the s~id Mort~~~or is not a co-insuror thereunder.lnsunnce shall be vritteo br ~ co~aar or caepmies ~~ored a desi~n~ted br We Nor[sa~ee and ~11 policies and renerals thereof shall bc held bY tAe Yat~a~ee. All detailed desi~nations br t6e Mottq~or ahich ue accepted by We Monp~ee ~nd all yrecmeets betreen filortp~or snd Mort~~ee relatin~ to insurance, aow e:istin~ or 6ere~tter made. sh~ll be in ~ritins ~ad sh~ll be a p~rt o( t6is mat~a~e ~~teeioent as tullr as tbou~h set fo~tb ~erbatiw Aerein ~nd shall ~orera botA p~rties hereto and their srccessors ~ad ~:si~as. No lien upon any of s~id policies O~ tAiYIa11C! Of Yp011 sa7r ~efwfd or retum preeiys nhicA aur be p~y~ble on tbe caacellation w ten~in~tion thereof, shall be ~iven to wher ~han the Mottu~te. eacept br proper eedwseexnt afti:ed to such policy ~nd ~pproved br Mort~a~ee. Fach policy o( insurance aAal! INVe afG:ed there~o a St~edard Ne~r York Mortp~ee Clause ~itAwt Cootributiae, aukie?a all loss or losses under ~uch ~ policy parable to tht hlortp{ee as its iaterest sar ~ppea~. In We e~eet ~ar suo or sw~s of money betowe p~yable thettunder the ~brt- ~ ~a~ee shall have the optian to receive snd aPply t6e sa~e on aocount ot the indeAtedness Ae~eby secYred.-ar to pe~nit the N~xteaFor to receire and use i[. a aer part thereot, ~rithout the~ebr •airin~ or iapairin~ any equitr. lien. or ~i~h1 under snd by vutue ot th~. ~ mat~ase. In erent of loss a pbysical dama~e to t6e aort~a~ed ptoperty tAt Mortp~a shal) ~ive newadute not c~[ cof by n:a~l ` the Matp~ee am! 1Ae MixlEaaet ~aay mske procrt of loss if the ssme ~s not made pranDy~y~y ~ aa`atr~..[In ~n~(are~lr~.ure o( ~ • • ~ ~ fl1171 ¢ - ~ „~...~r_~ , , z - -