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PROVIDE:11. ALWAYS, that if the Mort~a~ot shall pay uota the ~1ort~a~ee lhe ~ndebtednesz eviJencCd hy a
cenaie p~omi~so~y oote ~f which the followin~ in words and fi~u~es ~s • true capy tawit:
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1'lllt NAI.UE: RECE~VE~) _ I p~~?tu~~r lu ~~a}
~ yu thr urdr[ u~ _$I''+F~'S~N_A- RT13$IAN - - -
~~h~ priu~•i~?~I ~.um ulQ11e Thousa~ld Two H1uldY`ed Fift and. no 100
U~)I.l.:~tt~, t~~;;~•th~•t willl lulr~r~t
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~~rreuu (rum date at thr rate uf trn per~rnt. annum u~til matu~ity, l?uth pri~~cipal and intr.r~t b.~iu~ payaW~• i~+ I:~+. ful wunr~ ul' _
? I. thr Unitr3 ~t:~trx at Bi~aynr Eilvd., 111iami, Florida, o~ at wch other place ~ thr huldeca hen~u( may d~.•i~u~tr. i~e writin~.
i Principal and inteKrt payable in ia.tallmcnt~+ ns fulluws: ' #
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Twenty-Five ($25.00) Dollars per month, for thirty-five (35)
consecutive months, on the 15th da~y of each and every month, ~
beginnixig on the 15th da~ of September, 19?0, and continuing
~ until~the 15th da~r of gugust, 19?3, at which time the balance ~
shall become ~ due and ps~yable. ~ ~
This ~ote may be propaid in whole or in patt after one year from the date hereo[ upon payment of a penalty ayuivalen~
~ ~o five percent of the principal sum prepaid.
~ F.arl~ ii~•tallmrnt paymrnt J~all t?r ~rr.ditrd [irst ~~n the interrst dur, and thr remaindrr on principal; and intcre~t J~all l6rro-
; uF~un cra.K• uE?un tl~r principal au credit~~d. ~
7'lir makrn and rndor~rn uf this nute further ag~ee, to waive drmand, nutice uf nun-~?ayment and pwtcst, and in tl~r r.Vr.ul aui
; ~ ~}wll t?r bruught for thr collectiu~ hrreof, or the ~aie ha, to be cullected uEwn demand o[ an attumey, to pay rea~nabl~• atton;ry~
~ ~ frr. fur ~uaking suc6 cullectiun. '
5 I 1)~•(rned paynirnt,~ hecrundrr shall brar inte~est at thr rate o[ ten pe~cent per annu~n (rom maturity until paid.
'l~hi~ ~i~t~ is r~ecured by a mortgaKe~o[ even date hesewith and is to be construed and enforced according to tl?e. law+ of th~
' ~ ~t~tr of f lurida; upon de(ault in the payment uf principal and,~or interest when due, the whole sum uf p~~cipal and int~rcct
rrm.ining unpaid ;hall, at the option of the Iwlders, become immediatcly due and payable.
' .W 71 ~ 1~~r-~I (aEAL)
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~ flrep~red 4y tipiekr &'f'endrieh, Attomeys -'~40 Biscaynt Blvd., :Niam4 Flarida
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and ahall perform, comply w~th ar?Q ab~at Dy eaClf and every the st~pulat~ons, a6reements, cond~tions and cove- -
nants of said promissory note and of this deed. then this deed and the estate thereby created shall cease and be
null and void. ~
1. The Mortaa~ot hereby covenants and aarees:
(a) To psy all and a~n~ulu the' princ~pal and intetest and otAer sums of money payable by virtue o( said prom~ssory note and this ~
deed, a e~t6cr, proo~ptlr on tAe d~ys reapeclively tAe saiee sever~llr becaaes due. _
/b) To pensit, co~es~t or suftet no ~raste a~d to ma~au~n the imp~ovemeab at ~II tie~ea in a state of ~ood repair and coad~hon, and to
do or pena~t to be done to s~id pte~a~ses ao~hin~ that ~ill a{ter a cAaast tbe we and chu~cter ot said property or in any wsY impair ar
; veaken the secunty ot Wis sa~p~e. And ia case ot t6e tetusal, ne~lect ot inability o( H~e IAortsa~or to repair ar.d maintain said proper-
' ~y, ~he Matp~ee may, at Ais optioa, wke sucb tepsirs or cause the s~me to be eude, and adrauce moneys in that beh~lt. ;
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E (c) 7o WY aed sinsulu the aaes, assessments, levies, liab~lities, and ablip~ioos of everr oature aa ssid desc~ibed property each ~
~ and every ~hen due aad payable ~ccordinj to Isr, Setore tAey become delinauent, aad to deliver to tbe Mortia~ee oa pr betorc 1Aarch
lSth of e~cb ytar t~a rtceipls evidencia~ tAe p~yment ot sll lav(ully ~~poaed ta:es fw the ptecedin~ caleadar year, to indemn~fy tAe
~ Mort~s~ee ~pw~ his demaad fo~ all taxes,~assess~oents sod char~cs that say be assessed upon this mortsa~e oe the indebtcdness
cured hcreby, and paid br tbe ao~t~a~ee, rithoue re~ard to any lar heretofae eoatted or hereafte~ io be eaatted imposin~ aayment ot
e the .rhole a any ~art tAereot upon the Marttasee.
(dl To pay all and sinsul~r the cost~. char~es snd tapenses. iaclndm~ lafre~s• (ees snd absuatt cwb reasmably incuned eK paid at
iny t~~ae by the Marl~asee because ot tht ta~lure on lAe part of the Mortsa~ot to per(orw. cosPly r~th and ab~de by each and every tAe
stipula~~ons, a~eeaien~a, caWitions and covenants of e~id promissory nate and th~s deed. ar eitAer. ~nd eve~y sucA'p~yment shall bea~
~mcrest [rom date ¦t the rate ot ten (104.) per ceotwa pet aanum.
le) It ~s (urU~er corenanted ~ad •~reed ar sud parUes that ~n the eren~ o( a suit btina iast~tuted ~o toreclose ~his mart~a~e, the Mat- -
js~ee shall be entitkd to spplr at anr ~ime pendin~ sYCb foreclosure suit to tbe court 6avios jurisdict~on tAereo( for Ihe ~ppo~mment
o( s receirer ot all and sin~ular tAe moetsa~ed ptoperlr, snd o( all rents, iacomes. pro(its, issaea ~nd reveaues thereof. lroa whatsoe.cr
souice det~red: aed tAereupoa ~t is hereby eapresslr coveaaated aad a{reed tbat t6e Caut shall (orth~rith ~opoint ~ucA receivet ~r~tA ~
tAt uswl po~rera snd dut~es of receiveta in iike c~ses: and sud aOpomtteent ssall be sade by tbe eourt as ~ matter o[ strict ri~ht to
the Matas~ee, and r~thou~ reference ~o the adeqwcy w insdequacr o! the value ot the proper~y he~ebr mat~ssed. or ~o the aolvency .
w insolveecY of tbe Mortsa~ots a any othtr par~y defeadant to snch suit. llw Mortaa~or hereby soec~t~c~lly ~raives 1he ri~At to ob~ect
to the appoiatment of s receiver aa •(oresaid ¦nd berebr eapresslr consents tha~ such appo~ntaen~ shall Oe ~a~t •s an ~dm~tted equity ~
and as s~tter o( apsolute ri~ht to 1be Mottp~ee and that tbe ssve say be done ~~tAout notice to tl~e Mort~~~o~.
s (t) If toreclosure proceedin{s sAould be iastituted ~{~inst tAe ptopertr corered by t6~s ~ortp~e upon any other lien or cla~m Whether
alle~ed to be s~penar ot junia to the liea of tAis wott~a{e. tAe Nott~aste eay at his optioe imaeduttly uqx+ institut~m o( such su~t
or dw~as tht pendencr ~hereo( decl~rt tsis aatt~a{e and tl~e itdebtedness sec~red Aereby due and psy~ble fortArith and may at ~ts
oPt~m proceed to (o~ecloie tA~s watpse.
Th~t t6e Mott~a~ot ri1) keeP all real ~nd persosa! property eo~ a eere~(ter tecwebtted Ay tAe I~en o( tAis sortaa~e ~nsured as may
pe required fro~ tise to tise by tl~e Mortsasee ~pmst loss Sy (ite, Muds~aw and other hu~rds, ca~wt~~es and con~m~enc~es fur such
per~ods and for not leas tAaa srch eeoua~s aa ~ur be reqrued br ~he Mortp{ee aed to p~y prosptly rhen due all prem~wns for such
msuraeca TAe ~aants of io~rsace reqwred bY tie Mort{stes ssall be tlis si~~+wa a~aots fa fAwA s~id msur~nce sha11 be rn~tm
aiM ~t sball be iflCY~btAt Y~ {II! 1lOttjtaOf l0 Miataio sucA ~ddit~ae~l ins~rance ss w~r be necesauY to mec~ and canply fully +~~th
sll co-~es~aa~ee require~eets coe~a~ned ~o sa~d policies to the eo~ tAat the said Mort~ator ~s not ~ co-~ns~tor theteunder.lnsurance
shall be vritteq br ~ eo~ser ar cosPao~es ~opto~ed ot des~~eated br tAe Martsa~es aed al) yol~cies ~nd raoe~~ls thereot shsll be held
er ~he ?latp~ee. All de4iled deai{o~tions br the Mort{s~ot ~hecA ue ~ccepted er the Mortas~et ~ed sll asteeweats betreen Mat~s~a ~
and Mwtaaacc relai~ns to ioa~r~ace. nor eaistin~ or hereafter ~~de. iball be in rritie~ and sAall se s P~rt ot [his ma~p~e ~~eeeent ~ ~
~s f~ltr •s thorsh set (ort6 verb~tiw Aereia and shall ~orere both p~rtics hsreto and tleir srccessors aod aasi~ns. No lien upon ~ny o/
said policies o( in'swsnce ar rpoe ~up refand or retwn ~eieiuo ~MicA Mr be ~rablt oe tbe casctll~tion ar tetmmst~oe thereot~ shall ~
be ~~~en to otAer thaa tMe Mortpiee. e:ceP[ br ~oper eudorsewent •ffiaed to s~cA pol~cy and ~Pptored Sy Morl~a~ee. Each pol~cy o( e
~ns~r~sct ~Aall have atf~xed tUereto ~ Suadad Ne~ Ya~k Mat~~~ce Clawe ~~tAoW Coau~buaoa. s~ak~nj sll toss a losses umier ,ucA
policY parable to tAe Mortqaee as its ieterest wlr aPpsu. ts w~ e.ea~ .ey .we or .~.s or .oo~r e«w~ y~yable thereunder tAe ~krr~. '
ta~ee shsll Aare tAe option to ~tce~re snd aPp1y tAe sa~e oa accow~t ot tbe ~eWeb~edness hereby secwed, a to permi~ the ~kxtjsRm '
to recei~e ~ad ust ~t, a any Part tbereof. •itAoal thereby ~~ir~a{ or ~w~inn~ any eauur, hee, or n~ht unJer and Ay rutuc ot tM.
~wr~{a~e. ln e~cat of lo~s a pArsical d~ssse to t6e ~at~a~ed Otpetlr We Morl~a~or sb~ll ftwt ~arned~~tt not~ce thcreof by R.~I c~~
the M~x1~a~ee ~nJ tre AMxt~a~ee wY eRake proof of loss ~t ea ~nady y by tAt \lorta~~Or. In evcnt nf (ataln~ure ol
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BQ3K10U PI~GE i~~VV
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