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PROVIDEn, AI..WAYS, that if the !11ort~ator sha11 pay unto the \brt`agee the ~nd~bted~zss evidenrcd by a
Y ce~tain ptomissory note of whic6 the iollovrins in wa~ds and figu~es ~s a true copy to-w~t
16?5.00 ~4~~ ~?t~.~«~a Februa 2 1~~ 1
i . a
POR VALUE RECEIVED w8 ~~ointly aIId B@Yere~21~ Prom~ wy
to the order o( THb: N'~' [L11~~1~
the principai aum o( IIA ousand Six g12IIdI'9i~ ~@Y@IIt1I-Five 811d I~I,LARS, together with inte~l
~ the~n [rom date at the rate ot te~ perceet, pe~ a~num until maturity. both pri~cipal and intercst bein~ payaWe in lawful money of ~
~he United ~tates ~t 2:~_ 8iscay~e Blvd., Miarni, Flotida, or ~t wch othe~ piace as the hdderi? hereot may deaianate io ~r~tina. ~
Principa! and ieterat payaWe in i~sWlmenb r[ollowr
Forty-F1ve C845.00) Dollare per month, beginning on the 15th dqy o!
April, 19?1 and continuing on ths 15th day oi each and every month
thereatter until paid in lull.
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Th~s ~ote may be prepaid in whole or in put ~Iter one yeu from the date heceof upon payment of a pen~lty equivalent ~
to five percent of the principal sum ptepaid.
Each installmcnt payment ahali be credited rrai on the intereat due, ind the remainde~ on principal; a~d interest ~hdl there-
upon ccase upon the p»ncipal so crcdited.
The make~ and endorxrs of this note fuKhe~ agree to waive demand, notice o[ non-payment and proteet. and in the eve wit
~l~all be dcou~ht (ot the coilection hereoi, or thc same haa to be cdlected upon demand o[ an attorney, to pay reaeonable att e~r's
fers (or making such cdlection.
Deferred paymeota hereunder ahall beu interest at the nte of te~ percent per annum fwm maturity until paid.
' 1 hia note ie secured by a nwrt~;age ot even date herewith and is to be cautrued and enforced accordina to the laws ot the -
State of Florida; upon deiwlt in thepa
yment of principal andlor intuat when due. the ~rhde eum of pnneipd ~nd intere~t
eem~inina unpaid ~hdl, at the option of the holden, become imn~ediatdy due and payaWe.
~ ' • I (SEAL)
I ^ ~ ~ ~ c~~L,
~W~ M' ~P+~kr d~ Tend~ieb. A~tarwr~n - 22~0 Bi~u7?ae 91~d.. Miaw~i. F .
and shall perform, comply w~th and ablde by ca~h and e~ery the stipulations, agreements, conditions and cove-
nants of said promissory nate and of this deed, lhen this deed and the estate thereby cteated shall cease and be
null and void. ~
1. The tilortgagor hereby covenants and agrees:
(a) To pay all and s~n~ul~r Ne pr~nc~pai a:.3 ~nterest and other sums o( mone> psyable by v~rwe of said prom~ssay noie and th~s
deed, or either, promptty on the days respechvely the same severally becomes due.
(bl To perm~t, caneit a sutfer eo waste a~d io ma~ntam the impro~ements at all hmes m a state ot ~ood repa~r and condwon, and to
do oa perm~t to bc done to sa~A prem?ses notA~ns that w~ll alter or chan~e the use and cA~~acter of sa~d property or m any way impa~r o~
reaken the secunty of tl~is mortq~e, And in caae of thr retussl, nealect or ieab~Gty ot the Mort~a~or ~o repa~r and mamum sa~d proper-
ty, ehe Mat~a~ee may, st his opaon, make sncA repa~rs « cause the same to be made, and advance moneys m that beAalt.
(cl To pay at1 and sm~ulu the taaes, assessments, tevies, Iiab~Lhes, and obli~auons of every nature on ssid described proper[y each
and e•ery ~hen due aod paYable accad~ns to !a~?, before chey become deliayuent, and to delrver to the Morts~see on or before MarcA 3
15th ot eacb yrar tsx receip~s ey~deecina the payment of all Isr~(ully ~mposed ta:es for the precedms ulendar year, to ~ndemn~(y the
Mat~a~ee ~pa+ Ais demaad for all taaes, assessmenu aM char~es thst may be asscssed upoa ihis mwt~~~e on the ~ndeb[edness s~-
cured hereby, and pa~d by ~he mat~a~ee, ~~thout rcgard to aay lair Atretofae enacted or hereafter to be e~acted impos~ns n:ymeni of
ihe rhole or any ~art thereo( upon the ~fort~a~ee. ~
ldl To pay alt and sin~ular the cos~s, charses and expenses, inclvdin~ l~vyers' fees and aDstrsct costs reasonably mcurred ~r pa~d a~ ~
an~ [ime by the lllortsa~ee because of the t~~lure on the part of the ?lor[~a~or to perform, compty viW and ab~de Dy each and every :he
seipuiac~ons, asreementa, cauditions and covenams of said prosnisswY note ~nd th~s deed, a ehher, and every suc6 paYmcnt sha1l bear ~
~nterest trom da~e ac the ra~e of ten ()OS) per centum pe~ annum. #
/e) It ~s (urther coven~nted ~nd ajeed by aaid parhes that m the evrn~ o( a swt bein6 insututed [o ioreclose th~s mort~a6c, the Mar?-
~a{ee shsll be enutled to apply at any hme pend~ns such (oreclosure su~t to the court harin~ ~utisd~cuon thereof for the appo~ntment
ot a receiver of ~11 snd sinsular the mwt~~~ed property, and o( all rents, incomes, prof~ts, issues ~nd revenues thereof, fraa ~hatsocver
source denred; and theraupoer ~t is Aeaby capressly coven~nted and atreed tA~t the Court shaU (athw~th sppo~nt such rcce~ver w~ch
the usual porers and dut~es of rece~vers m lite cases, and said appomtment shall bt msde by the coutt as a mauer of stnct n~ht ~o
the Mort~asee, and ~~thout te(erence to the ad_qwcy or ~nadeQu~cy of the v~lut of the property fiereby moct6a6ed, or to ~he colvenc}
or insolvency of t~t Mortss~ors or any other party defendant to such suit. The A1ott~s~ot hereby spec~fwally ~?~aives the r~6ht to ob~ect
to tht appo~atment of a receirer as •foresa~d and hereby tapessly consents that such appo~nttnem shall be made ac an ader~tted equ~t~
and os a matter o( absolute n~ht to the Moitp~ee and th~t the same may be done ~v~thout no:iu to tAe Nortp~o~_
(f ) ~f torecloaure ~oceed~o~s ahould be inshwted a~~~nst the prope~ty covered by th~s mort~ase upon any otAer I~en ur cla~m Whether
alle~ed to be supenor or ~un~or to the hen o( th~e murt~s~e, tht Mort~a~ee rray at h~s ophon ~mmed~attly apon mst~tuuon ot such su~i ~
cX dunn~ the aendeocy thereof declare ~h~s morts~se and the mdebtedness secved hereby due and payable ~lHlI1M~lA and may a[
opt~on groc~ed to forecloee eh~s mor~~a6e.
(L1 'iTi~t tht Mortp~ot vill keep sll ro~1 and persoeal propcrty now or hereattct encumbered by thc I~en ot th~s murt~aQe ~n~ured as m~y
be tequ~red (roa~ Uene to time by ihe Mortsa~ee a~amst lass by fue, r~ndstam and other hazards, casualtus ~nd ~ontm~eec~es tur such
periods snd tor no~ less thae such aawunts as may be reQu~red by the Mon~a~ec and to pay pranptly +Aen duc all pr~m~ums (or auch
msur~nce. The amounta of uuur~nce reQuutd by the Mortsa~ee shall be the mm~mum amoun~s (or w~h~ch sa~d insu~ance shalt Ae ~r~tten
and it shslt bt mcumbent upon the Mortp~or to m~mta~n aucA addiuvna! ~nsurance as may be necessan tu meet and compl) (u11y y~th
s11 co-~nsur~net requ~remeets conta~r.ed in sud pol~ctts to the ead thu the sud M«tsa~« not a co-insuror thercunder.In,uran~c ~
shall bt rr~uen by • coap~ny a coapan~es approved ~x desi~nated by the Mo~t~a~te anA all po[~c~es and rertearals thercof tih~11 he held
br the Mortp~et. At! deta~led desi~nstioes by !6e ~/orts~sw rh~cA sre accepted by che Mort~a~ce aed all asreement, ~c~reen Non~a~or ~
and Mortsa~ct relwn~ to maur~ece, nor eauun~ or here~t!cr made, sAsll be ~n ~nt~n~ and sha11 ~e a part ol th~s mat~a~e •~recment
as tully as thou{A set fath verb~t~m Aert~n and sh~I1 ~overn botA part~es hereto and the~r succesaors and ssseins. No liea upon any uf ~
a~d pol:c~es ol ~nsurance or upon any relund w return pem~um sh~ch m~y be pay~ele on the c~ncella?~on « term~nat~on tAtre.~f, .hali r
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be ~~ven to otAer th~n tht Matt~~set. excepl bY proper end~rsement ~t(iaed [a aucA pol~cy and ~ppoved by Mor~=a~ee. Fa.h pot:~>
insur~nce ahall hsvt •f(iatd thereto • St~n~ar0 Ne• Ywt Mor~p~ee Cbusr r~Nout Cueuibuuon, makinj •11 loss w lus.c~ under .u.h
pot~cY paYable ~o thc ~lortp~et •s ~b ~otercit msy •ppea. In the event any sum or swns o( moncy ~ecome p~Yablc ~hercundcr t~c ~1nr;.
~~~ee sh~ll hsve the ophon to r«e~vt snd •pply tht s~me on ucount o( the indeAtedntss Aertby stcurcd, or ~o perm~~ tAe ~1~~rc~t.r~•-
~o rece~ve and use ~t. ar •ny p~rt thereut, rithout thereby r~aiv~ns a impa~nr?s any eQu~tY. I~en. a r~~At undcr •nd A~ . inuc at
ma~~~~e. In erent of lo~s w phys~«t d~m~~e to the n~ort~~~ed property tAe Mort~aia sAall ~~ve ~mmedi~te nut~.c ~herc~~f n~
the Mat~~~ee •nd U+e Mor~~aste m~Y make prouf o( losa i( tAc ~ame ~c not m~de prumptly b~ tAc_ tturt~at~. In c.cn~ .•t t~n~, 1..~~,rc .,t
1~E+ 245~
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