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PROVIDEf1, ALWAYS, that if the !Nortsa~ot sh~ll pay unto the Mort~a~ee the indebtednesa rv~Jtnced by a
cert~in p~omixso~y note ~t which the followin~ in words and fi~ure• i: a we copy tawit:
~0'~9~ ~~at~
s__30~0.00 1liami, Florida October 22, ~q__?0 _
FOR VALUB RECEIVED '.~le ~ jo111t1Y ~r=d SeVer~11Y, promi~e tu pav
'tu the order of ~ -
~h~ prinripal sum of Three Thou sand and IIO 1~~--------~--~~ DOLLARS,logeth~r with interrrt
~hrreun irom date at the nte of t~n percent. pe~ annum until matucity, both principal and interest being payable io lawful mo~cy uf
~h~ U~ited Stateu at ~44 Biacaync Blvd.~ Niami. Flo~da~ oc at such o1he~ place ae the holden hereof may de~ignate in writin~.
Nrincipal ~nd i~tereut payable ie installmeata a~ [ollowa: ~ •
Fifty (550.00) Dollars per month, for ~ix~y (60) consecutive nonths,
on the 15th day of each and every Wontll, b~~inning on the 15th day
of Decenber, 1g70, r~nd continuin~ unti~ the 15th day of Decer:,ber,
~9?5, at wi~ich time the balance shall become due and payable. ~
,
Th~s note may be prepaid in whole or in put after one yeu from the date hereof upon payment of • penalty equivalent
to five percent of the principal sum prepaid.
Each in~tallmer?t payment shall be credited first on the interest due, and the remainder on principal; and interest ahaU thetr-
upon cease upon the principal ao credited.
The makers and endorsers of this note further agree to waive demand, notice ot no~-payment ~nd protest. and in the event auit ' `
~I~all be bmught [or the coflection heteoi, or the aame has to be collected upon demand of an attorney, to pay reasonaWe attorney's ~ ~
~ ~(rr. [ur making auch collection. ~ +
Defernd payments hercunder ahall beu inte~est at the nte of ten percent per annum fwm maturity until paid. ~ =
7'hia note is Fecured by a mortpge~of even date herewith snd is to be conatrued and enfo~oed acco~ding to the laws of the •
~tate of Florida; upon dtfault in the payment ot principal andlor inte~rest when due, the whole wm of pnncipal and intereat
rrmaining unpaid sha1~. at the optio~ of the holde~s. become immediately due and psyaNe.
~ (se~~~
~l -t;
U7 ~ • c - ~~~t - (SEJ~L)
Prepued by 5pieler & Tendrich, Attorne~n - 2240 Biwyne B1rd, Miami. F a .
anJ ahall perfrxm, comply with and abide by each snd avery the stipulations, a~reements, conditions 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 Nbrt~a~or hereby covenants and a6rees:
(a) To par sll aed ~~n~ulu the amc~wi aed ~nterest and other suas ot money payable by ~irtue ot s~id prom~ssory note and th~s .
deed, a eitAer, proa~ptly on the d~ys respeetively the same sererslly beeaeea due.
lb) To perm~t. caaent or sut(er no rsste ~~d to ma~m~~n tAe ienprovemeats at dl umes in ~ st~te of ~ood repsir ~nd cond~uon, and co
do or permii to be done to ss~d pre~o~sea ooth~n~ th~t r~ll alter or cAan~e cie use ~ed chu~cter ot said proper~y or ie anY ~ay ~mpau a
I rrca4en the secunty o( this ewrtN~e. And ia use o( the refusd, ne~lect or ioability o( tAe Mort~~~a to tep~u and saintsm s~~d proper- ~
ty, ~he tdon~a~ee m~Y. at his oet~on. make such ~cPairs a cause tbe ~ue to be ad~. and ~d~ance moeelrs in tAat behalf. E
f (c) To pay all and s~n~ulu the t~aes, asseassents, levies, li~bilities, uid obliptions ot e~etr natute aa s~id desttibcd property tach
~ and every ~rhen d~e and paYaele accordin~ to Ia~. be(ae they btcooe dtliaqueat~ u~d to deliver to tbe Mort~a~ee an or before MarcA
IS~h o( e~cA year taa ««~p« e~~a~~~os ~ne v.r~e~~ or •11 larf~llr i~qo~ed t~:es to~.tbe preced~a~ e~leMar ye~r; to ~ndemn~fy the
Mat~a~ee ~pon his demaad for sll tsxes, •~sesaacnts ~sd cAu~~s Ih~t aur be asses~cd upon this ma ~~~e on tbe indebtedness
cured hereby, and psid br the aort~~~ee, .rithau re~ard co ~ay 1~~ 6er8tofore en~eted or here~tter io bs sa~cted isoosin~ ~ysent ot
tAe vrhole or ~ny ~r~ tAercot upan the Mort~~{ec. . •
(dl To p~y all and sin~ul~r We cos[s, cA~r~es and eapensss. includint I~~Yera• tees ~nd ~bstr~ct coits rs~son~bl~ incurted or p~~d ai
any ~ime by the Morl~asee becau.ce of the t~~lure on the ~rt of 16e Mort~~ior to perfot~, coePly rit!? ~ad ap~de by e~ch ~~d every the
supula~~ons. asrtea~ents, cad~t~ons and covenants o[ s~id p~owiisory note and th~s dced. a e~ther, ~nd everY such'p~yment shall besr
"~nterest troa date st the rate of lea 110'i) pcr cent~ per ~n~wm. .
le) It is further covenanted u~d a~reed by s~~d arhes tbst in tie e~eet of s suit be~n~ ~nat~tuted to toreclose this watNSe. the IMa~-
N~ee shsll be cnu~kd to •~IY •t sny ~~me pendin~ such taeclas~rt suit to thc court 6a~iaa juri~dietioo Wereot fa tAt ~ppomlmtn~
of a receirer of afl and sin~ulsr U~e sa~~a~cd prooeny. ~ad of ~11 re~ts. incowes. ptotits. issws ~ud rertarea tAereof. tro~ .hatsoeYer
sou~ce denved: aad there~pon it is hereby espteaslr covewtN ~ad a~rsed tb~t tAe Caut slull (ottA~itL ~poiat sucA ~ece~rer ~r~th
tAe YyYaI pOrtf~ and d~t~es of receirers in like ca~es; ~ad ~aid ~~ointsent sNsll be o~de by tAe eorrt as a matter of strict n{ht to
the Ma~~~~ee. and ~itAout reterence tu the ~deau~cr a ia~dequ~cr d tAe value of the ptoper~y 6etebr sort~a~ed. or to the aolvency
a insolvencr of the Morep{ors a any other par~y defesdaet to suth suit. The Mort~~{a hetsby sOetifte~llY +~irts the ri~h~ ~o ob~ect
to the ippo~nu~cet of a rcceiver ss afores~id ~nd hercby eapres~lr canstnts tb~t sutA a~oiatsent sA~ll bt Mde ~s an adm~tted equ~ty
•nd as s wttcr o( aAsolrtt ri{h~ to tbe MortN~ec aad th~t tMe ~us ylr be done ~r~diout notice to tAe ?lort{a~or.
(t) It toreclos~re ~ocesdieM shoYld be ~nstituted ~{~iest ths OtoNrty eorersd by t6~• ~tp{e uoon ~nr WAer liee a cl~~m ~rhether
~ alle~ed to be s~oenor or ~unia to the lien of this ieortp~e. tAe Mottpps swy ~t Ais oPtioa ise~edi~tslr ~oon ~natiwuon of such suit
~ ar duna~ t4e pcndentr ttiereo( dcclue thls ~~a~~e ~sd tAs iMsltedee~s secured hs~sbr due ~nd o~Y~ble fath~ith ~nd maY a~
~ ophon proceed to (oreclwe tbu satp~e.
Th~t tAt Mort~or oi11 teeo all re~l ~nA penowN /toosrqr 1~ ar Ms~~after ~1lcuwbcteA br tbe I~en ot Wis sat{~{t inaured as msY
be rea~ired trow ti~e to ~i~e br the Mort{~~ee ~~a~nst losa br fire. ~iodstaw ~nd otAer h~s~rds, c~swluss ~nd coetin~enc~es fur sucA
; pena/s asd for aoi ku W~ •YCA ~~na u MY bs rsdnitsa !r tMe ?btl~et ~a0 to ~r ~o~lY rAes due ~dl preuuun~s fa such ~
~ ~A~Yf~Mt. Tbs ~~sta ot ia~Yr~nce rea~~red br ~Le Mon~~as ~Mall ?e IM~ ~i~~ ~~orets fot ~r6~cb ~~~d ~uurancs ahall be .nuen
snd ~t sh~ll Ye MC11~t111 YPOII (~1t NOfI~~~Of l0 INMl~lll ~YC~ ~Il1a1a~ ~.,rraocs .s ..r se oses.,.rr eo.ee~ .aa coeo~r t~~ir w~~h
~ ~11 co-~nswawee reqrireMala coatuned ia ~ud plicie~ to tN ~w dut.lhs i~i~ Man~a~a is eo1 ~ eo-iuwa tMsreandu.lnaunnce
~ iA~lt bs .nttq Sy ~ coy~~r or coyMie~ ~ptorcA ot ~ti~~Nb/ ~y NN Mott~sp~ ~ed ~11 plieiss uN rus~~ls thereof shall bc Ael~
by ths 11p~pacc. All ds~ailsd deaiputions br tl~s Mat~~~ot ~AieM ~n ~eesotN ~y tM~ Mort{uss asd all yrsa~sati bt~ssn Mo«~a~a
~ad Mert~ee rel~aa~ 10 ~swr~~ce. nov e=iatin~ or hersdtsr ~N~. sY~ll ?s ia ~rritia~ ~M ddl ~s ~ put ef tMi~ ~taa~s ~usewesi
u f~lh ~s~M ~et fortM ~erb~uw sereia u~ ~Aall ~orsrn botM ~uti~~ Mrsw aN Hair ~recessws ~N ~~~ipu. No licn ~ooa..Ar or
~~il plicies of iuwu~e or waw aq re(wd a rstwn ~rs~iw~ +~id Mr M Nr~llt o~ tAs eqes11~1ion w tsrwiNtios tAereof. sh~ll
~ be ~~~en te o~Lsr tAaw ~Us M~tl~aee. eatePt er Oro~s~ sM~tNM~t attiss~ te sreh ool~er ~w/ ~wN br IIKt{yet. F~ch ool~cy o(
iaairuce ~MII lia•e ~ft~sN tlsrsto ~~aNard Ns~ York IMrWpt Cbw ~~~io+t Ce~triMuio~. w~ki~{ ~11 les~ a le~scs wWer auch
plicr Mfr~ble to 1At MortMpt ~i ~ts ~sters~t ~ar ~~Nar. 1~ tM ~~Mt v7r ~rw er swy e( wosslr Ysco~s pr~ble tMuernder tbt ~fort-
~a~ee sA~II b~~c tYs ortioa to recs~•e ~N ~Mlr tM o~ ~cea~t d tYa iMNtsOsts~ ~sny ascrrsd. or lo'st~i~ thc Mn~t{~RM
te recei~t se/ wt it. a~~r ar1 1Mersof. witLoW 1Mst~r ~~iriy «r i~ui~{ ..r .~.;~r. lie~. a nat wWcr ~n0 Ar ~utrc ol tA~.
woryye. 1~ ercat of le~• or ~rs~cd ds~ase to tbe wKya~sd rroreMlr tl~e Mat{~sa slNll ~~rs ~.we~~~~e A~a~ce iAereof br m.~i
tAe Mur~p~se anJ ~Ae M~wlp~te sar ~te proof of tos• d ~hc .~se ast ~dt paptly Sy tht MeRt~ya. ~n e~ent nf (at~ln.wt o(
~ ~ . d00K ~00 FAGE ~I
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