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PROYIU~.11, ALw'AYS. tha~ ~t ~he ~1u~t~~ia ahall pa~~ unto lhe ~1utt~a~te the ~~ebtcdness CYI~iQ~C{I ~1) a
certa~a ptum~ssay note ~I wiuch the tollo~~n~ in word~ u~d fi~ures ~s • t~ue copy to-w~l
ii~d~Ft~QgC 1
~ 1300.00 . ~t~~,F~~~ f~u~u~C ?J.
FUN VALUE RECF:IVEU !~le * ~ointlv :+~id ^evera3lv, _ pron?4.~ p,~
~h~ aa« or _~cAI, ~ ~ Fe
th~ prinri~~al wm of OII@ ThOU s~?Yl Three Hundred S1A 210 100 DOI.I.AR.S, tugeth~r with intrrr.i
~ thrreun [wm date at the nte o( t~~ perceot, per ~noum unti! mat~uity. buth principal and interest l,eing payablc in I~wful mon~f ui
tlu linited ~tatai at '~44 Biscayne Blvd.. (1liuai, Florida. or at wch othcr place as the t~oldera hereof may dr~ignatc in writin~.
I'rinc'ipal and interest payable in installmenb ar foUowa:
i~ Thirty-Five (~35.00) Dollars per ~onth, beginning on ti.e 15th day
oi~ October, 1970, and continu~ng on the 15t~z day of each and
every month thereafter until paid in full.
This note may be prepaid.i~ whole or. in part atter one year from the date hereot upon psyment of a penalty equivalcne
~o five pe[cent of the principal sum prepaid. -
Each in•tallment payment ~hail be credited first on the i~terest due, aad the ~+emsinder on principal; and interest shalt thrn-
~ upon cea.~r upun the principal ~o crcdited. ~
! The make~ a~d ~ndorsers o[ this note furthcr agree to waive demand, notice of non-paymeet and protest. and in the event au ~
~ ~I~ail ~e bruught Eor the collection he~eo[, or the same has to be collected upon demand of an attomey~ to pay reasonable attorney j
~ ~ frrr iur making such collection. ~ ~
i!, Deferced paymenis hereunde~ shall beu interest at the rate of ten peccent pcr annum from maturity until psid.
1'his note is secured by a mortgage~of even date herewith and is to be construed and enforced accordin~ to the laws of the •
~ j ~tate of Flarida; upon ckfault in the payment of principal and(or intereat when due, the whole sum af pnncipal.and intereat
~ I rrmai~ing unpaid shatl, at the opdon of the holde~s, become immediately due and payable.
i 1,~,~ ~ ` ~ - = ~ ~ ! ~ ~ ~ ; - (SEAL)
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j Pirepued bjr Spieler d Teadrid~, Attome~n - 2240 Buayne Blyd., M~aea~, F{otids •
and shalt perfcxm, comply with and abide by each and evecy the stipulations. adreements. conditions and cove-
~ nants uf said promissory note and of this deed. then this deed and the estate thereby created shall cease and be
null and void.
1. The hlortgaaor hereby cuvenaats and a~rees~
To p~Y ~~a~ulu the princ~pal and ~nterest snd other swns ot money payabie by virtue ot sa~d prom~ssoty note ~od this
dced, or eitber, prasptir on the days respectively the samt sever~lly becaoes due.
Ii lb) To perm~t, coae~~ o~ su(ter no ~sstt aod to ma~nuin the improvesents at ~U tinxa in a state ot {ood repa~r and cond~tion. and to
4 do a per~it to be done to sa~d premises nothin~ th~t v~ll alter or chaa~e 1be uae and c6~ractet ot ssid properry or ~n any ray ispsir a
; re~ken rbe security of tAis ~atpte. Aad io c~se of tbe refussi, ae~lect a in~bility ot the Mort~a~or to repair and saint~in said p~oper-
~ ~y, tAe Maip~ee may, at hia op~ion, make auch tepaus or cause the same to be s~de, and ~drance ewneys in that behal(.
~ (c1 To p~y all and sin~alu the taxes, assessments, leY~es, li~bilities, aad obliptions ot evety natare on said described prope~ty esch
and every rAen due snd payable accordies to laar, betare thep becooe detisquent, aod to delirer to t6e Mor~{~~ee on a befae Alarch
~ 15tA ot eacA year tax receipcs evidencin~ tht p~Ya~ent ot il: Ia~fultY isposed t~ses tor.the p~ecedin~ calend~r rear; to indeiaaity the
Martp~er upon his deaa~ ta sll uaes, asuss~iaents aad sA~r~es thst ar be usessed upon Ihis mortsste oe the indeptedness s~-
cured hereby, and paid br the mort~~~ee, rithout redard to aey J~rr hecetotae eo~cled or Aereafter to be enacted imposin~ aayment of
the .hole or anr ~art thercof upW~ the Mort~s~ea ~
(dl To pay all ~nd ai~ulu the costa, char~es ~nd eapeases. includ~n~ I~vyets' feea and abetnct costs re~sonably incurred nr paid a~
sny ume by th! Martp~ee because o[ the (ulure on tht p~rt o( the Mortp~or to per(orm, Coa1D~Y rrth and abide by each and every tAe
st~putat~ons, a=reeaen~s. condit~ons and corenaats ot ss~d promissay note and Ihis deed. or e~tAer, and every such'payment sAall bear
~nterest (:oa~ date at tht rate of ten l10"G) pet centum pcr annwo.
(e) It is frrthec corenaeted u~d asreed by said partles that in tAe event ot a suit bcins ~nstituted to fo~ectose this m«t~a~e, the t?tos~-
p~ee sAall be eatitkd to apply st any tise pendin~ sueA to~eclosure suit to 16e court bavina juriadietim thereot tl~e ~ppo~nte~en~
ot a cecei•er ot all aud siaplsr the uort~~~ed ptopetty. and of ~11 rents. iecoa~es. Otofits. isauea aad rerenues thereof. (ros.hatsoever .
source den~ed: and tkere~~ it is herebr eipresslr coreeanted •ed ~{reed tstt tbe Court aball fortb~iW ~ppoiat sucA receiver +~~tA
the us~~t porers aad dnt~es of receivcn ia likt c~sca: and ~~id •Ppoint.ent aLsll be s~de br tAt coort ~s a~atter ot auiet ri~ht to
ihe Abrtia~ee, and without refereoce to U~e ~de~~cy or in~dequacr of the ~~lus d ibe oroperer Aereby ~aatq~ed. a ~o thc solrcncy
w iwotvewcy o( che Mor~a~ots a any otha puty defendast to suCA sui1. '11~e Ma4a~a Aerebr specitieally raires the n~ht to ob~ect
to the a0pointaen~ o( • recei~er ai aforesaid ~nd heteby tapresslr canseaia t6at •ucA •ppo~ahsent sA~ll be made ~s sn ad~+~?tcd equ~ty
•nd ss a ~attcr of abaotute ri~ht w the ~lo~tp~ee and ths~ tAe sase ~r be done ~tbout ~otiee. to the INwtia~or.
~ (f) 1t [oreclosure proceedin~s sbould be ieauwted ~~~inst the prooe~ty covered by Wis sortN~e upon any other lien or cla~m vrAether
alle~ed to be super~or o~ jYSior to the tica o( tAis mott{~{e. tht MataaNe ~wr st his opt~oa ismed~~telr upoe ~pstituum of sucA su~t
ar duna~ tAe pendency thereo( decl~re thia iwrts~ae ard tAe indebteAaess sccured hereby due and p~r~ble tathr~tA and inaY ai ~ts
opi~oe proceed to faeclwe tb~s wat~ase.
(v 'Ilt~t tbt Mort~a{w rtU ktep ~11 te~l ~nd personal ptopettr ~ at bctsaftet encuubeted by tbt lun o( Ut~s ~tsa~e ~nsured ~s maY
be rsqnired iros tiae [o tiise Ay tAc Mort~asec a~~iest lo~s br firt, r~edstas snd o~her hazuds, c~swlues u?d conhn~enc~es (or such
oerwds and ia aot Isaa Waa sucA ~noant~ war bs teauu~a br tbe Mortia~se •ad to ay ~w~ptly ~rhee due a!1 preia~ue?s (or sucA
~~sw~acs. Ths .souna oi ~naur.ece reawrea br ~?e Mort~~~ee a6a11 be ths su~~sua awouats (a ~A~cA a~~d ~eswance sA~ll bc rrNten
and ~t slull be ufcuebent uPon tAe INort~aaot w ain4ie ~ucb ~d0~uon~1 iasYr~ace ~s is~r be necess~ry to weet ~nd comply fully +~th
all co-yu~uasce reprire~eata coat~~neA in s~i0 pol~cies to tbs ~ed !hat tbt i~iA Mat~~~or ~s no~ ~ co.~ns~ra thereunder.lnsw~nce
aAall !e ~~~ttss by • copMr a eap~me~ ~~ored o~ det~~e+s~sd br tAe Mor4s~~e ~nd ~11 Pol~c~t• and rsa~~als ~Aereof sA~tl be Ae1J
by tke Mat{s~ce. All dctailsd des~~nations br tAc Morti~~or rhitA ~ts ~ccsotsA bp the Mott~~~te ~nd all ytetwents betretn Mort~a~a
arid Mort~a~se retu~u~ to iGwrancs, aow ea~stlna o~ hsraa(tcr w~e. sh~ll bs in .ritia~ aa/ sAall be a art of ~Au eartN~t y~ee~aswi
u(~Ilr ~Yoush ~et (atY rerb~t~ 6sre~a aad sh~tl ~overo ~oth oart~e~ bsrsto sed Wsir aree~isas aad ~ss~~ns. No I~e~ uoow ~ny ot
s~i1 oolic~e~ et ~niw~nce or ~Paa uf ro(w~d « rewrn ores~u~ *M~aA ~ay be pysble ou tAe c~ec~ll~tiow or teti~n~uon tAereot. sh~ll
bs ~ire~ to ot~er ~hss ~bs 1lortaa~se. e.cso~ sY V~~~ sado~aswsnt •f(~~sd to i~eA pol~cy snd aP/torsd br A1ort~~es. EacA pol~cy o!
~n~rawce ~AaN Iwrs a(fiasd U~ere~o ~ Staadrd Ns~ York Mort~~Ms Cl~nss ~i~Mou~ ConviMuas. swtin~ all los~ a loases wW~r such
oot~cr o.r.s~e ~o ~rc Ma~M~ee as u~ ~o~ere~~ sar ~PP~~r. U tMt s~set ~ar ~w a~wu ot ~eoeer bsca~s Nlr~ble U~erewNsr ihe Nor~-
~s~at iM~ll h~vs tAe oot~aw io rece~re sna ~~ly tAe r~K w ae~o~we W Ws uWebisdns~s Aerebr sscrred. or ~o oere~t tAe Nor~~a{or
~o ~ec~~~s sa/ wc ~t, a any art Wacot, ruAort IAtr~er r~ir~~s It ~Mau~u~ ~ey e~~tr. 6sA, or ~i~At uwder ~wd by r~?trc ol thi.
~ori{a~c. (s srs~~ d lo~• a phr~u~l d~eaae ~o ~Me wery~ts~ 0?ooe~tr We Ma~N~a ~~.e.a.~au~ *oa~~e p?tr~a~ Mr R,~i
IAe Nata~~eF and ~M Nort~ssee iaaY T+Y~ a„ar ~d In.• ~hc s~mc ~a not ~n~de prumptlY b> tht ttat~s~a. IA tv~n~ nl fatetlr~.u~e r.l
BooKi86 ~~~532
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