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PROVIDEI), ALWAYS, that if the ~iurtgagor shall pay unto the \b~tgagte the inJebteJnr~~ rvidcncrd by a ~
~ certa~n pcom~ssury note of wtrich the fallov?~ng in worJs and figures ~s a t~ur cupy t~~-~?it ~
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~~~i I/W~'ti
: 1175 .00 _ _ Miami, Mia~d,~__ A~ril 3L 1
~ FUN VALUE HECl:1YED I promwe to pay
~o the o~d~~ ot RH~A_H0.]~TN -~Vtr/-l.0p-_.
ch~ ~~~.~E?,~.um o[ One Thousand One Hundred Sevent~i _v_~, IN~i.1.Al~.s, tu~~th~? with inlere~l
the ~[n~m date at thc rate o( ten percent, pe~ annum uotii maturity, both p~incipal and int~re~t l?e~inR payabl~ io Iawful money of
the mted ltalea at ~'~•~4 Bir.cayne Blvd., Aliao?i, F'lorida, or ~t ~uch otF~c~ pl~ce as lhe ho~dern hemof m~y de«ign~te in writiry~.
Yrin ipal and int~re+t payable in in,+tallmcntu ~s foliow~:
Thirty-Five ($35.00) Dollars per month, beginning on the 15th day
of June, 1971 and continuing on the 15th day of each and every
month thereafter until paid in full. .
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This note may be pr~paid ~n whole or in pact after one year fiom the date hereof upon payment of a penalty equivale~t
to five percent oi the principal sum prepaid.
Each installm~nt payment shall be ccedited first on the intetest due, and t6e remainder on principaf; and intetr,t shall there-
upon cease upun the pnncipal so credited.
Th~ maken and endorsers of this note further agree to waive demand, notice of non-payment and proteat, and in the event auit ~
~ .fiall be brou~ht for the collection hereof, or the same has to be collected upon demand of an attorney. to pay rea+onaWe attomtie~r's ~
~ frr~ for making such collection.
~ Deferred payments heaunder shall bear interest at the rate of ten percent per annum from maturity until paid. ~
This note is r~ecured by a mort~age of even date herewith and is to be conatrued and enforeed accordi~ to the la~vs of t~e -
~tate o( Florida; upon default in the paymeot of principal andlor intereat when due~ the whde eum af principal ~nd intereN
+ rrmaining unpaid shdl. at the option of the holde~s, become immediatel due and pa~~1e. ~
; ' t~~l- J" C.<<:~,c~c-~'-~ (SEAL) :
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~ Prepared by Spieler & Tendrich, Attorneys - 22~0 Biaayoe Blyd., Miami, Fbrida . S~L
and shall perform, comply w~th and abuie b~• rach and every the stipulations, agreem~nts, conditions and cove-
nants of said ptomissory note and of this deed, then this deed and the estate thereby creattd shall cease and be ;
null and void. '
1. The Mortgagor hereby covenants and agcees:
(a) To pay all and s~n`uLt the pr~nc~pal and mtercst and other sumc of money payablc tiy virtu~ of sa~d ptomusory note and th~s
deed, or eitter, promptly un the days rcapecu.ely ?he ~amr severolly becomes due.
(b) To perm~t, canm~t a sufter no waste aod to mainta~n the ~mprovcmonts at all ha~es m a state of good repa~r and cond~uon, and to
do a perwit to be done to ss~d prem~ses nothmE that ~a~l1 alter ur chan6e the use and character of s~~d p~operty or ~n any May ~mpaer a
vreaken the secun~y o( ~h~s mai~ase. And m case of thc refusal, neelect or mability of the Mu~tea6or to repav and mamta~n s~id proper-
ty, the Mortsaaee may, ai his ophon, make such repau. or cause the samr to be made, and advance moneys m that behalf.
Ic) To pay ali and s~nsular tAe taaes, assescments. !enes, I~ab~lrt~es, and obl~`aaons of every natute on said descn~ed property each
and every rhen due and payable acco~dmt to la~, bef«e they become detinque:~t, and to deliver to the Morttadee on w belwe MarcA
ISth of each year tax rece~pts ev~denc~n6 the pa>'mrnt ot all la~vfully imposed Uaes for the prertd~n6 calendar year, to ~ndcmmty the
A1ort~~~ee upon his dem~nd fa all Uzes, assescmcntc and chrr6ec tAat may be assessed upon this mott6ase on the ~ndebtcdness s~-
cuted hereby, and pa~d by the mort6a~~e, ~~thout rcg~rd to any (aw heretofure enacted ix hereafter to be enacted ~mpos~ns ~ayment o:
the shole or any ~+srt thereot upon the AfurtEagce.
(d1 To pay all and sineulsr the costs, characs and c~prnse~, includ~n6 lawyers' fees and abstract costs teasonably ~ncurred ~~r pa~d at
any hmt by thr Murt~a6ee because o( the (ailure on ~he part of the blortga6or to perform, c~xnply r•~th and ab~de by each and every the
shpulaUons, asreements, cond~tions artd corenants uf satd promicsexy n~te and this deed, or e~ther, and e~ery such ~rayment shall bear
interest from date at the rate of ten t10°~) per .entum per annum.
(e) It ~s futther co~enanted and a~eed Ay sa~d pact~r~ tha~ in tAe event o( •.wt being insututed to foreclose th~s mortEa6o, the A1ort-
~a{te shatl be ent~tled to apply at any t~me pending such iurcclo~urr tiurt to ~he cuutt hav~ng Jur~sd~ct~on tAtreuf tor the appomtment
of a rece~ver of all and sin`ular the mortgaatd pr~perty, ~nd of all rent+, mcomes, ptof~ts, ~ssuts and rerertues thereot, from whatsoever
source drrived; ~nd thereupon it is hereby expressly corenanted and a6reed th~t the Court shall (orthw~N appomt such rece~ver w~th
, tht usual powers and dut~es of rece~~ers ~n like casec_ and sa~d appo~ntenent sh~ll be rtudt by tht court ~s a mattcr of str~ct n~ht to
ehe Mort6a~ee, and `•ithout rcference to the adeqwc~ or ~naJequacy uf the value of the ptoperty Aereby mort6a6eJ, or to the solvency
or ~nsolreney of the Mortaagors a any otAer pa~ty dcfcndant to such cu~t. The *~ortsa6w hercby spenf~cally waices the nght to ob~cct
to the appomtment of a rece~ver ac aforesa~d ar.C Aercb~- rx~ue~sly conseots thar such appo~ntment shall bt made as an admutcd equ~ty
and as a msuer o( sbsolute riaht to the McxtsaEe~ and that the came may be done M•~thout notice to the ~1ort6a~or.
(t) ~f faeclosurt proceedmas should be mstuuted aEa~nst the property co~ered by th~c rtqrt`a6e upon any other I~en or cla~m Whcther
alle~ed to be supenor or ~unior to the I~en of th~s mortga6e, the M~xtgasee may at his opt~on ~mmedutety upon ~nst~tut~on ot s~ch suit
of durins the pendency thertof dectare th~s moc~gage and the ~ndebtedness cecured hereby du~ and payable t~xthw~th and ma~ at it~
opuon procecd to foreclose this matsagc.
TAat ihe Mort~aaor v~U keep all real and personal property now~ or hereaftrr encum~ered by the I~en of ;h~s mo:tgaae ~n~ured as may
be required itom time to titoe by the Mwt6asee aga~nct loss by f~re, wind.~am and other hazards, cssaaities and conUn~tenci~s for such
penods and fot not tess th~n sucA smounts as msy be requ~red by the Nortpsee and to pay promptly +hen Juc all premiums (or such
msurance. The aawunta of iaiurance reqwred hy the Nort6agte shall he the minimum amouots for wh~ch said msutance shatt Ae rrrttcn
and ~t sha)1 be ~ncumbent upon the Mortaa~or to mamtam such addetwnai msurartce may be nece~.ar} to mtet and comply (ully •a~th
•I) co-msurance requ~iements conta~ned m said polic~e~ to the end that the ,a:d \lortgasa not a co-~nsuror thereunder,lnsuuncc
shall De wntten by • camp~ny ot canpan~es appcoved or de~~6nated by the Mortsagee and ali pol~cies and renewats thercof shall be hetJ
by the Mat~a~ee. All deta~led des~~nat~ons by the Mortgagor ah~ch ur accepfed by tht Afortgasce and all aarcemcnes betMecn ~1ort~aEor
and Mortsaiee rel~tms to insw~nce, no~ e:~sun6 or hereatter made, shall bt m M•nuns and shall ~e a part of th~s mat6a6e a~recment
as (uily as tAou=If set forth retbaum here~n and shall sorern bc+th part~es hereto and the~r successors and assi~ns. No I~en upon any ot
s~id pohe~es ot ~nsurance or upon any relund or return prem~um wh~ch may be payable on the .anceliat~on a term~nauun thercof, rhall
be ~~ven to otAtt thsn the Mals~~ee, eacept ~y proper endorscment aff~xed to such policy and apptoved by Mor[p6ee_ F.ach pol~c) of
~nsurance aAall have affiaed thercto a Standud Ne++ Yort lNortpsee Ctausc vitAout Contr~6ut~ort, makins al) loss .x lossc~ under ~u~h
policy pay~D~e to the Matp~et as ~ts ~nte?est msy sppear. In the event any sum or sums of money becane paysDle thereunder the t~ort-~
p~ee sh~ll have the opuon to receive and apply the same on account of the ~ndebtedness Rcreby securcd, or to perm~t the ~1or~gaEor ~
to receive and use d, or any psrt thereot, vithout thereby wa~vms or impainn~ any eqa~ty, l~en, or nsht under and n~~ ~,r~ue ot thi.
mortp~e, In event of loss a phys~~al dama{e to the mat~s6ed property the Mortpjor shall 6sr~ irtyntd~~te not~ce tAerc~d b> c~a~l c.~
tht Mortp~ee and the Mort~a~ee may makt proof of loss tAe same ~s not made promptlp b> th~ \furtgaaa. In e~cnc ~t turc~t~~~ure nf
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aoeKi91 1974