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PROVIDEt1, ALWAYS, that if tl~e ~~t~a~or shall pay ueta the ~brt~asee the indebtedness e~~dcnced b~ a
certa~e pt~xn~ssocy note e+f which the [ollowin~ in words and fi~ures is a true copy to-wit.
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}.::;,,:j~~.•;:n: oi Q`_P_2~~otlsand Thre~~i.'•~C~~~d_SS~1~'L1~Y FiV~._ tx~t.L•~x~, t.?~~-tki,~r..,c1~,~it~•n•.-: }
:::i;rr..n Lur.: u~tt at t!ir ;at~• of trn percrnt, per snr:um ur.t+l u:ati:rit}~, Fwth ptinei~al at~d itttrrest Lrin~ payabl.• uti l..M fu! naunr~ ut
:s:n i nittd ~tatr~ at :':.'~!•3 ~3i~ca}•nr $I~d., ~liami, Fluti3a, ur at ~urh utncr place :i.. thr holde~ hc~cof may dc.i~~~at~ in ~.nU~~~. :
~~''4~~f"I an~ m2rrr.•t ~a~aLlr in in~tai:r:itnts.u follo~.a: ~
Tt11rt F1Ve Q• k~ F
, y- ($35.00) Dollars per r.ionth, beainning on the lSth day
ot June, 1971 4nd continu~ng on the lSth day of each and every
month thereafter until paid in full. • ~ ~
;
This no:: r..a~• be prcpa:d ~n whole or in part af:tr one year from th~ date h~reof upon pay: ient of a penalty cquivai~nt `
i~~•e p~zctr.t oi :he p:sr.c:pa[ sur.i prepaid. }
Each in~:attmer.t pa}~rreni ;ha!! !~c crrdited first on th~ inte.est due, and the remainder on principal; and interest .hali thrrr- ~
:~;~on . ra~r u~un lhe t r;nc:~.a! ~u tre3i:ed. i
Thr m~:rr aad rrdor_~rn uf tt~.ia notr further a~,~tre to Maive der:iand, notice of non•Qa~~ment and protcst, and in thr evtnt wit ~
~...~L t~ b:a;:_:,t for tnr co:lection hcreoi, or ihe ~am~ :zas to bt coilected upon demand ot an attorney, to p~y rea.conable attom
!t"r~ IOi f:13wt7ie; aitCR i:01iCCtlU71. f
' Urferrco pa~ mtn~~ henunder :hali bear interest at ~~?e rate of trn ptrcrat pez annnm from matu:it}• ur.tii paid• ~
` 7"r.i: not~ i: ~.cured by a mortgzge~of evcn date hcrewit~, and i~ co be construed and en2orced according to the taws o he
~tair o1 F:arida; upon detauit in the payment of principal and'or intesest Mhen dur, ttie wholt sum of principal and interest
c~ ma;nireg uapaid shall, at ihe option of the holders, become immediatdy due and payabla ~
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:'-,-purd b~ ~~r:er 8:er.dnch, ~ttorneya - 2.;A E:scayne Blyd., ~Sumi, Florida ~
ar~d shati perfMm. comply with and abide b~ eaeh and even~ the stipulations, a~reements, conduions and cove- ~
n~nts oi s:~d prom~ssor~ note and of this deed, then this deed and the estate thereby created shall cease and be
null and ~oid. -
1. Ths Aiort`a~or hereby cevenants aad agrees:
(al To p~y •ii •nd sm~ufar the prenc~pel and ~nieres~ snd othe~ suma ot mone~ payable by v~nue of sa~d prom~ssory note~and this
deed, or e~thtr, p.rmptly on tht days respecuvely tAe same sercrafiy becomes due.
Ib) To permi~, :aemn ~ suf(cr no rsste a~?d to mamtun tAe imporemenis at aii t?aes in a state of ~ood repau and cundwoo, and to
d~ or persn to be da+e to sud premises naih~ns tA~t M~il aiter or cAan~t tAe use aod cAaracter o/ sa~d proper~y or ~n sny r~y iiepau a
reaken the secunty o~ tru monsase. .~ad m case ot the retusai. ne~leet at in~bility of the Alort~asor to tepau aad ma~ntun s~sd proper.
ty. the Mortp~ee euy. at his opt~on. mske s~ch repa~rs a csuse tAc s~ue lo be sade. and ~dva4ce moDeYc m that behai(.
lcl To par ail and t~e~ulu t1~e uaes, assessmeets. Icv~es. I~sb~i~Uss, aed obl~~ahoqs o( e~ery natnre oo sa~d dtsct~bcd oropetty each
and ev~ry ~rAee due and paya0ie accocd~ns to la•, he(de ~hey becane delinQueet, aad to del~ver to the Mott~~~ee oa or before l~larch
15tA of e~cA yesr taa recs~pcs ev?deocin~ the payment o( all lartnlly ueposed tases tar the preced~n~ c~lendu 7e~r; to ~ndemndy t6e ~
Mo~i{~~ee ~pon Ass deoaod ta ali taiea, asses~mcnts and chsr~es tf+at may be assessed upon N~s martsa~e on the ~ndebtcdneas s~-
cnred htrebv, aad pa+Q Dy tAe ma~taaaee, vithou~ re~ard to any l~r heretotwt ee~cted at he~e~iter to be ea~cted ?mposin~ nayweM o!
thc .hole a an~ ~art q+creo( upon the Morta~~ee. ~
(d1 To pay all and s~n~ular tAe costs, charses and rxpenses, ~ncludm~ I~ryers' fees and abstnc~ costs reasoe~ably mcurre0 or pa~d at
an~ cime hy ?he 1Aor[~a~ee because of ihe f~~iu:c oe ~Ae part o( tAe Mortsasor to per(otm, cneiply .eU and sbide by eacA snd every the
s!~~wlanons, ~sretments. cond~hons and covenaeis of s~~d prom~ssory note and tA~s deed, or e~~6er, anS e~ery sucA~payment shal! bcar
~~uresi fr«n da~e ~c the rue ot ten UOS) per ceniu+n per aenum. ,
(c) )t u(urther covea~nted aad ajreed by sa~d psrt~es that m the ercnt o( a su~t btin~ mstituted to faeclose thu mart~a~e, the IN:K~-
~~~ee sh~tt be eot~eied to aoply at any t~me penQins surA loreclosure srit to tAe coutt h~r~nj ~urisd~chan therco( fa tl~e ~ppo~n~men~
ot ~ ieceiver ot all anA ru~rlar the ~awt~a~ed property, aod ot ~It teets, ~acoass, prot~ts, usues a~M revenues thereot, ftos whatsotvet
swrce der~red; and tAere~pon ~t ~s heceby eapressly cores~ntea aad •Veed th~t We Court sh~ti fonh+rth ~ppomt s~ch rece~re~ ~~th
the usw! pw~er~c and duues of rece~•e~f in Gke c~se~: ~ed •~~d appo~m~ent shall se made by tlte cowt ~s a m~tter of strict n~ht ~o
the Mort~~~te, snd rithout re(erencc to the sdepwcy or ~nadeouacr o( tAe value ot ibe propeny herebr a«t~a~ed. a~o the solrency
m iasolreecy o( ~he Mortia~ors or any other p~rty dcfcndaet to such suit. The Mortsa~or htreby spectt~c~lly yaives thr risht ~o o?r~ect
to tAe •ypointeen~ o( • recc~r~r ~s aioresa~d •nd hereby eapressly consenis th~t sach •ppointment shail bc made •s an adm~iccd eq~~~y
snd ~s a aeatter ot ~bsolute n~At to the Mortp~ee and th~~ tAe s~me m~y Ee doee v~thoat nouce to the ~Iwt~a~or.
(fl Jf toreclosurt poceed~n~s should be ~nstituted •~un~t tAe properly co~ued by tb~s mort{a~t upon •ny othtr lien or claim rhether
slleaed ~o be super~or a ~Ynior io tAe i+en of t2us awr~~~~e. the ~Io?taasee eesy at his opnon is~ae0~~tely upon ~nst~~~uon o( s~cA su,~
a~ dur~n~ the pendency tsereof decl~re tA~s :n«t`~se •nd the indebtedness secued hereDy duc and payable torth.~th and may at z~.
opt~oa qroceed ro foreclwt tb~t mort~s{e.
l~1 Tli~t the Mort~a~w ~i11 keep ~lI real ~nd pe~soaa( p~opertY no~r or hertJtcr eacumbered D~ thc hen of thu mwtia~e ~nsured as m.r
be uQu~red lran ueie to urae by the ~lerta~jet a~iin+t lost by t~re, ~~ndaiam and other ~~i~rds, c~sua{ues and c~Mtm~enues for such
per~oQs ~eW fa not less tAaa swch ~nounts as ~ar be required Dy the I~w~~a~ee •nd to par proepUY rhen due all premaums !a such
~nswance. The asoants ot ~osw~nct requued by tbe Mort~atee sA~ll ~e Ne wunimum rawunts for rh~ch sa~d ~nsurartce sAall be ~.ritten
ane i! shall bt mew~beet rpon the Abrts~aor to ma~nuin such ¦dd~UOn~I ~nsur~nce as m~y be necessary to meet and com~iy fully rtith
•11 co-~nsurse~ce :equitereents eoata~ned in s~id polw~es to tAe eod t6at [Ae ss~d Mo~rtp~or ~s no~ a co-insuror thereun6er.lnswsnce
sAall be rntttn by a compaay or toapanie~ ~pptovtd or d~s~~nated by tl~t 6/orta~see aed ~1! pol~cies snd renerals t~erco! .h~l! be Ae1J
sy the Mo~t~jee. All deta~led de:~~n~t~ons Ay tAe ~4ort~s{or +~I~~ch sre sccepted by the Mat~a~ee ~ad all a~reements bet~een ~lo~t~asw
and No~ts~jtt rcl~t~n~ to in~ur~nct, eo~ ei~st~n~ or Aereafta •ade, sh~ll oe ie +~r~t~n~ and sA~tl Et a patt of tA~s ~tp~c ~~reement
as lully •s they~h aet faN ~ers~um kere+n sAd shaN ~orern botl~ parUes Aere[o ~nd fbat successors and ass~{ns. No lieo upon inY ot
s~?d polu~es o( msur~nce a ~poe anT ?efund a return prereiu~ whicA ~ar be p~y~ble on tAe c~stell~tion a tuminahon thereo(, tiAali
bc ~~ven io o~ber iAan ihe Ma~~~ee, eacept by proyer endorse~eet •ff~aed to such pot~cy and ~pptored by ~1ort~Kee. EscA pol~cy o!
~nia~rar~ct ~h~11 have aff~aed there~o i 5~andar0 Ne. Yak IMor~~aaee Clswt ~rithort Convibuuon. ouk~n~ ~11 {oss or losses under .uc~
pol~cy p~y~D1e to the 4tatp~te as its ~nttrest enay ~ppe~t, (n the erent ~ey sw~ ot awes o( ewneY ~ecane Psrable tAereundcr the ~lori-
~a~e~ sh~li Asre ~he upt~on to rece~re and •ppl~ tAt •~ot oe •ccount of the ~ndebtedness Acreby secured, o~ to permit the ~Mrt~asor
:o rrcure snd ust ,t, or ~ny par~ thereof, ~ritAou~ tAtreby ~~nm{ a iap~Frin~ any eQuuY. hen, or nsht.w~dsr ~nA sy r~rsuc a( tA,.
ma?{aae. le cvent of loss M any:~~.~ a~.~~ cr ~hc a~ort~a~ed poperty the Mo.t~~{w s6aU s~re ~~rsedyte ~Wice t~ereo[ b> ~.s,l t~.
the Mat~a~ec .nd ~hc tik,;tEaEee mav make ~~~of ~~f :oc, :f !hc ssmc ~c no• madc prumptlY bs th,~ ~~ort~:~n~. In e~cnf nf ~~.rc.i•••u•r
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