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PROVIDEO~ ALWAYS. that if the Mort~a=ot ahall poy unto the Moct~a~ee the indebtednesa evidenced by a
cottain promissoty note aI which tbe iollowinf in words ~nd fi~utes is s ttue copy to-wit:
~d~l~i~d I'I.oz~
S 472~~Q0 . 4iiami.Florida AD~'~,1 ,'~T l9_J1_
~oR ~,~1~~E~E~y We o i I a d
to the ordet o( , as n en~ri~"s ~ t~t
the principal sum o . togtther with inte i
ttiercon le~om date at thc ~att of tee perceat, pee annu~rt unW trututity. both ptincipal and interat beieg payable in lawful moncy ot
d:~ ~~.::~3 ~tata at 2244 Biscayr~ie Blvd., bliami. Florids. or at such other pla~e a~ the hdde~s hatioi may dai6oate in writina.
P~inripal and intercat piyable in in~tallments as tollovrs: ~
Seventy ($70.00) Dollars per month, for sixty (60) consecutive months, '
on the 15th day of each and every month, beginning on the 15th day of
June, 1971 and continuing until the 15th daq o~ June, 1976, at wlZich
~ time the balance shall become due and payable.
This note may be prepaid in whole or in part aftet ona year frort the date hereof upon payment of a penalty equiv~icnt ;
~o five percent of the prin~ipal sum prepaid.
Each instalimeat payrrient ~hal1 be credited firat on the inttrat due, and the oemainde~ on principal; aad interest ~hall therr- f
upat: ctaar upon the pnncipal ~o ceedited.
The makerr and endorsera of this note fu~ther agne to rvaive demand. notice of non-payment and pwtest, and in the event wit
~}~all be brought for the collection hueof. ot the ame has to be coqected upon demand of an attorney. to pay t~soaabk attornry i ~
f~es for making such collection.
Deferetd payments heeeunder shdl beu intecest at the rate of ten penxnt per annum from autuety untii ~aid. ' 1
Thia note is ~ecured by a nwrt~ge"ot aven date haewith and is to be construed and enfo~d accocduy~ W the laws of i
'tate of Florida; upon detault in tl~epa
ya~eat af principa! andlor ir~t~erat whan due, the Mhok ium o~ pnncipal and in ~
nmaining uap~id sha11, at the optioa af the holders, beoome imcacdiatdy and papabla ~
. - ~ ~ Mr, ~ ~ .
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PreWred b~' SPiekr 6t Tendtith. Attoet~?~ - 2Z{0 Bi~eapne 81rd.. Miami. . i
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a~ shall perform, comply with and abide by each and every the stipuilatioas, aaceements, conditions and cove-
nants of said promissory note and of this decd, then this deed and the estale thereby cteated shail cease and be
nuii and void. ~
1. The Mortjagor hereby covenants and agrees: ~ ~
(v To pay all aed sia~4~ar t~e principal ~od ioterest atd other suaa ol moaey payabie ~by virtue ot said promissory note and ehis
deed. or either. prompllr m the dsys~especttvelr the sase severally bccoius dub.
(p) To permit, cooiil ar sutfer eo r~ste a!d to mainuin tbe improvemeata' at all tiee~ ia a state ot ~ood tepair and coaditim. aad to
do pr peawit to be done to ssid premises aotAin~ that ritl slter or chaa~e Ne uae and cAuacter ot said poperty or in any ray impair w
Reaten d~e ucu~ity of this sortp~e. And ia case ot the re(~asN. nesleet or inability ot tAe Mort~aso~ to repair aad saintain said proper-
ty, the Mortjasee may, a~ 6is optioa, make sueh repairs or cause the suee to be made, ~nd ~dvance o~ooeys ia that behal(.
(c) To pay all and sin~ulu tAe taxea, assessa~ents, levies, liabilities, and obliptioas o( every nature ae said deacribed p~operty each
~ tYNy 1MfitA dt1C and paxable accordin~ to la~. betoro ther become deliaque:.t, and to deliva to tde Alorya~ee oa or befae tifsrch
1StA of e~cA year ta: rectipes evideacio~ ihe payment oJ •U lsrtully isposed taxes fot the precodina ulendu year to iadeenify tAe
Mattsa~ee upon Ais denusd for all taaes.-assessoents aM cAir~es Wat ~ar be assesscd upoa lhis mott~s~e on the iadebtednesa s•-
cured 6eraby, and paid by the mo~t~asee, ~ithoue re6ard to aey ta~ beretaare eaacted or hereaftcr w be eaasted imposins ~sya~eat oi
the ~hole or any rort tbeieot upon the I~tsa~ea ' - -
(d) To p~y all aad siwjulv the cost~, c6ar6es a~ expensea. iacludias la~yera• fees and absuact eosts reasanably ioeiured M paid at
any tiae by the Matp~ee because ot the tailure on the part o( tde Mo~tpsor to perton. eosply vith and abide by eic6 aad erery tae
stiput~uoes. a~teements, cooditions aod corenaats of~a~id piamissory oote utd thi! derd, or eitber, and erery such'pajrment sha11 bear
intcrest trom date si the rate ot ten (10'L) per centum per annua?.
(c) It is further coreeanted ~nd a~reed by aaid parties ihat in the event of a auit beios institdted ~o foreclose this mnrt~a~e, the Mort-
pste s6a11 be enti~kd to spplr ~t any tise peadir?~ suc6 foreclosure suit to t6e caut bavie~ jurisdictioa tdercof for the appoiatmcnt
of ~ rectirer o( stl aud aiosutar the mwtaated p~operty, snd ot s11 rents. ineomes, p~oCts, issucs aad revenues [he~eot, fros fhataoever
source deti~ed; ~nd Mereupoa it is hereby expreasly coveaanted and atreed tbat the Court aAall tath~itA appoia[ sucb receiver ~~th
tbe uswl porrers u~d duties of receivers in lite c~ses: and said appointmeat ahalt be mde by the court as a m:teer ot stric~ riabt to
the 111are~ajee, and rithoul retererxe to the adequacy or inadequ~cy of the value oi We propertr hereby aortp~ed. or to tAe sol~eacy
or insolveney o( the h{ortq~aa or any other party deteadaat to sucA suit. ?he Mart~~~or hereby speeitically v~ives tAe tishl ~o ob~ect
to tbe appoinument o( ~ receirer as afores~id and hereby e:pressly conseats tb~t sueh appointsent s6al1 be made ss an sdwitted equ~ty
uW as ~ oytter of absolete ritht to the Mortp~te and that the saioe may be doae x~thout noticc to the Mortta~or.
(f) !f toreclosure proceodinis s6ould be instituted a`~inst t6e pcopetty coreted by this eottsa~e upon anp olher lien or clum whetAer
~lle~ed to be superior or juoior to the lien d tdis mort~s~e. the Nor~ta~ee m~y at 6is optioa imeediately upon ~n~titutioa of such su~t
or d~uia~ the pendenep lSereof declare t6is esortsa~t and the iadebtedness sec~red 6ereby due ~e?d payaDle forth~ith and msy ~t ~cs
oytioa proceed to toreclole tLis mat~s~e.
~v T6at t!?e Mon~ot will keep all real au~l peraonal property ao~ ar hereaher encua~beced by the I~en ot tbis a~ortaa~e ~nsured as msy t
be required f~ow time to tise by the I~ortsa~ee ~aainst loss by fire, ~indstarm snd other 6az~rds, easwlties aad contirt~encies !ar such ~
periods and fw aot leas tbsa such amounta ss mar bt required D7r the Abrtsa~ee •ad to psy praa~ptly when due a{1 preauums (or such
~M~awce. 'Ibe aeounts ot iosorance requi~ed by t4e IMott~asee shall be the minim~ra asounts (a whicA said insurance shall be vntten
and it s6a11 be incw~beat upan the 1~{ort~asot to maintain such additioaat iosutance ss wy be necessarY ~o mset sr+d comply fully w~th
all co-ieawaace requirements contained in sajQ policies to the eod that the said Mortq~a is not a co-insuror thereunder.lnsurance
shall ba ~rtl«en by ~ coapaey or cow~asiea aOptoved or desi{qated br WO A{ortsa~ee aod all policies aud reae~als the~reof sball be held
by dse Matp~te. AII Qetailed deai~natioos by tUe Afortp~or ~hich ue ~ecepted br the Matsa{ee and ~I) ssteemehis pttretn Mottsa~ot
sod Matjajee relatin~ to iasurufce, amr esistin~ or here~f[er wade, s6a11 be ia vritia~ and sh~ll be a part ot ~Ais mort~s~e ~~reement
u tully ai thou~ set tatA verbatie~ Aerein sud shall ~overn both parties hereto aed their soccessors aad ~ssi~ns. No lien upon any of
ssid poticiea o! insurance or upoa aay ~etund a return pce~iues fhich msy be payable on the c~nccllation or tern?ina~ion thereot, shail
be ~iren to aher th~ We Nortp~ee, except by propcr endorsemeat affi:ed to such poiicy and ~pproved Ay lNortp~te. EacA policy ot
inautaete ~hsll bave atftatd t6eteto ~ Staodud Ner Yotk Mort~a~ee Clsuse rrithout Caouibution, wkin~ aN toss w losses under such
policr p~Y~blt to the Mattp~te as ib ia~erest ~r ippeu. In the e~ent any swp or sws ot ooncr_becowe oayable thereunder the ~1ort-
~a~ee sball hsve Ute o~tion to receive and applr the sase oo ~ccow~t of t6c indebtedaess Aereby secwed. ar to penptt tht No?t6aRo~
to reteire snd use i1. a aay past t6creof, witdout tAereby ~raivina or imPairiu~ .ar ~y~;~r~ lien, or n~ht unde? and by rutuc of ~h~+
matsaje. In eveat of loss or pArsicsl dsmase to tht morts~~ed property the Mortss~or shall sive ~are~diate ~otlce therso( br Ra+l t~r
~he Mart~~ ~te aM the Mort~s~ee iaay make proot of losa it the same ~s not msde ptomptly bY the ~4ortsaaa~. le eveet d taecln.ure ot
ao~192 86?
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