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PROVlDEI1. ALWAYS, thst if tMe ~iott~a~ot shail pay unto the ~brt~a~re ~he ~ndeb~ednass ev~d~nced b~ a
cetta~~ prarusso~y note c+f which the follow~n~ in words and fi~ures ~s • truc copV taN~t.
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!'ri~~: ipal rnd intrrr~t ~,a~~aLlc ia in:tsilmrnt~ :w fullu~+s:
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-~:on~a tre~aai"ter unti~ pa~.3 in ful' .
Tnis note m~~• b~ pr~paid in whoie or in pazt afcar onc ycur fro.^.: t:~~ d:,tc h~:~oi upon payr.:~ni of , ~r:a;ty cq~ic:,l~r.c
t.~ fi~•~ ,~.:rc~nt ol th~ principaf s4ni pzcpaiu.
l:a: t~ in~talluu~nt pr~~tn.~ri .l:..:! f,r crcdit.~d t'ir.t on tl?c intcr~~t ~uc, a.i~ rciziair:clcr un principal; .:r:d isitcrc.t •!.ail tiu•r~•- j;
uf,u,~ ~ ra.•~• uEwu t{ir prinrii,ai ;u cc.•::i;~~:i. I
7 Eli' ?1.1{:~•t~ :llls ~I:I~Ur~CC; U~ Ulw tW~C furt4i~r apr~c tU \Y:11Yt' ~I~•I;:::::~. I]Utll'C UI 21:.:'.-Ci:i:" :tfi(1 FltO~('~~, :t121~ :13 :~it' i'.~.• '~S]S~
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~~•r~ f~r in;ckin~ ~uc•t? Cullcctiun. •
1)~•irr~rd }~a} mri?t~ }?errucidcr sf~atl be;~r inter~: t at t:~c rste of ten ac:ce~nt pr. auaum 1ro:it m:~turit~~ u~iiii uaid.
"1'hi- nu;~~ i~ ~cured b~~ a mortgune of even ciate f~erewi:3: and is to be censiraed arid eni~: .=cz :.ecordin~ to t}~e 1~~;• o: ::e ~
~tatr of ~loridr; upon deisult in the paymenc of pr.::cipal an~ifor inter~..t ~ duc; tiie wno;e sum of p;mcip.~: ac;1 iu.e;r.;t
rru~.,ir~ing unpsici ~kz;~11, at ~he option of thc holder~, tx:come immedi~:ely aa.: :.::d ~ayaulc. j
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:'rrr.,rls :•y ~pirlrr ~ Tendrich, Attorney~ - 22~0 Bucayne Elvd., ~:i: ::i. Flor" a •
and sha(i perform, cumpty with and abide by each and every the stipulations, agreements, conditians 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 ~oid.
The Mortgagor hereby covenants and agrees:
(a) To pay slI and ~~n~ular tAe princ~pal artd ~nterest and other sums of money psyable by virtue of sa~d prom~ssory note and th~s
deed, or either, promptly oa the days respectirely tAe same severally becomes due.
(h) To permitt co~aut or ~uffer eo wsate a~d to mainta~n the ~mprovemepts at al) times in a state of iood repair and cond~uon, and to
do or perm~t to be done to said premises nothin~ that vi11 alter or chae~e tMe use and cAuactet of said property or ~n aey Way impaer or
~eaken the secunty of this mortpse. And in csse of tAa refusal, ne~lect a inability of the blort~asot to repair and mainu~n said proper.
ty, the AlortqRec may, at his option, mako sueh repairs or cause the same to be made: and advance awneys ~n that behslt.
(c) To pay alf aed iin~ulu the ta:es, assessroents, levies, Iiabilities, and obiiptioes of every nature on aaid described property each
and every when due and psysble aecadias to lav, befare they become de~inqueat~ sad to deliver ~o the ~ortsaaee on or betore March
1StA ot e~th year taa receipts eridenc~n~ the payment oi all law~fully imposed qxes for.the precedin~ calendar year; to indemni(y the
Nortfa~ee upon his demsnd tor all taaea, asses~ments aed char~es th~t may be aasessed upon this e~ort~ase on the indebtedness s•-
cured hereby, and psid by the matsa~ee, sithoat re6arA to ~ny lar beretofwe ea~cted or herestter to be eascted imposin~ nayment of
s
ths vhole or ney .+art thereot upon the Atortsa`ee. ;
(dl To pay all and ~ineular the costs, char~es and expenses, includ~n~ lawyers' tees and abstr~et costs reasonably inwrrcd ex psid at ~
any time by the I11or~saEee because ~f the failure on the part of the Moryasor to pertotm, comply w~th snd ab~de by each and every the
st~pulations, asreements, condi~ions snd covenants o[ said promisaorY note and th~s deed. or eitder, and every sucA~payment sAall bea~
mtereat trom date :t the rate ot ten (10'~) per centum pet annum.
(c) It is tmther covenanted and apeed by s~id put~es that in the event of a suit btios ~nstituted to foreclose this a~ort~ase, the Mort-
ts{ee sh~ll be entitled to appty at any time pendin~ sucA toteclosure suit to tbe court havins jmisdiction the~eot for the appointment
of a receiver of all and ait~ular tAs mart~a~ed ptoperty, and of ~11 reats. incomes. protits. issues and revenues thereof, from vhatsoever
source derived; aed thereupan it is hereby eapressly eorea~nted ~nd •{~eed tbat the Court sh~Il forthwith appoint such receiver ~~th
[he usual porers and dut~es of receivers in like cases: aad s~id eppointment s6s11 be_made by tl~e court as s matter o( strict risht to
tho Mort~a~ee, and ~ithout re(erence to ihe ~dequ~cy or iaadeQuacy o! the ~~lue ot the property hereby mort~a~ed, or to the solvency
or insolrency of the Mort~a~ors or any ot6er party defendant to such suit. The Mort~ajor hereby specitic~fly rsives the ri`At to ob~ect
to the appiatmenl of a receiret ~s sfaesaid snd hereby espressly conseot~ that such ~ppointment sAr11 be made as an adm~tted equ~ty
and as a astter of abaolute ri~At ~o the Nortp~ee and that the s~me may be done ~rithout notice to the Mort`~`or.
Jf faeclosure proceed~ap should bt instituted •i~insl tAe propetty corered by this mott~a~e upon any o~her lien or cla~m Whether
alle~eb to be superior a juniot to the fien of tAis aort{~~e. the MortaaRet may ~t his optioo imroed~ately upoei ~nytituuon of such su~t
a durins the pendency tAereot decl~re this mat6~~e and the indebtednesa secured hereby due and pay~ble fwthr~th and may at its
option proceed [o foreclo~e this roort~~~e.
Thal the Mor~q~or will ketp all real and pcrsonat property no~ ot.herestter encwnbered by the lien of tl+ia mor~~a~e ~nsured as may
be rtquirtd from time to time by the Mort~a~ee a~a~est loss by fire, r~nds~aie and other hsz~rde, casualties sed conunsenc~es for such
per~od• ~nd tor not less thaa such amount• as wy be requ~red by the I~lortp~ee ~nd to p~Y prowptly .ben due all prem~ums such
inaur~nce. Tht tawunts of insur;nce reQuired by the Mor~a~ee shall be tdt atiniawo ~mounts for ~hich said insurince shail be rnttcn
aad rt sh~11 be ~r+cue~bent upon the Mortsssor to mainain such ~ddition~l inautanct as m~y be necessary to meel ~nd comply (ulty rith
all co-ieauranee requireaents contaiAed in s~id policies to the eed that the s~id Mat~~sa ~s not a co-~nsuror tkere~nder.Insurance
shatl Ae wntten by ~ company or coapanies ~pproved a desi~n~ted by the btortsa~ae and ~il policies and renersls thereot shall be AelJ
by the M«~~ssee. Atl de4iled desisn~uons by tht Mort~~~or rhicK ~re accepted by the Mortts~ee and ail aueements betreen Mwtsa~or
and Mor~~~ee rel~tin~ to in~ur~nce. eo~r existin~ or here~fter m~de, sha11 be in .ritia{ ~ed sh~11 be • part of this mortja~e a~reement
~s fulfy ~s thoush •et forth rerbatim heteia ~nd shatl ~avern bath part~es hereto and lhcir suctesso?s and sssians, No lien upon ~ny of
s~id policies o( inauranee or upoa anr refund or return preeniwe v?AieA e~~y be psysple on tAe c~peell~tion a termmst~on thereof, sl+all
be ~iven to otAer thae tht Mottp~ee, eacept by propec endorsement affixed to sucA pol~cy and ~pproved by Mort~a4ee. Each policy o(
insw~nce sh~ll h~re •lfi:td thereto • Sqodud Mew~ York Mort~a{ee Clsust ritbout Contribut?on, m~kin~ ~11 loss or tosses under such
pol~cy payable to tAc Mortsasee as ~ts ~o~erest auy ~ppe~r, (n the erent any suo or sws of aoney Secoae o~yabte thereunder ihe ~tort-
~a~ee shall have tAe ophoe to rece~re and apply the •sqt on ~ccount of tbe-inQebteAness he~eby secured, or to permit the llort~aRor
~o receire and use it, a•ny p~rt thereof~ r~thout ~herebr r~ivm{ ot imOa~~irK any equity, hcn, or n~ht under and by vrttue of thi.
mat{~~e. ln event of lose or pAysic~l dams~e io ~he aart~a~ed property tl~e Mor~=~~or sd~ll ~ivt ~mmed~~te not~ce thereof by rr.a~l
the Matp~ee and ~he ~iatEaaee may make proof of ioss if the csmc ~s no: made promptly by the \lurt~a~oc. In even~ oI tore~l~•we nf
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