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PRIiVIOf-11, :ILNAYS. ~hat ~f tt~e ~tu~tgajor shaU pay uet~~ the 1br~~a~ra thr ~ndrbtrdn~.~ ~~iJcn~td h~ u
certa?n pt.an~ssu~y ~ute .~f wh~ch thc foliow~n` ~n words artd f~~utrs as a lrue ~upy IJ-M1l
7xazt~aae ~l~er..
3__`~.4I~~.Q 4- _ t~ llliami. Flur~d;~_ Ju ly 1 S, ~ 9__71
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POR YAI.I'E KECtI~'F.D_ We~~ointlv_ and severallv _ prom~~ i~ p~y
t~~th~urdrruf~~?~,F,'Z;CF RO.~C~VI?J__H~:D _:Lr;Ii:~_3~__;;GGC%:~~t~~NIS-''~Frn~
th~ ~?rinci~?a) .um u[.~~ ThQ~~~, Fcn~~~u~~~~yent~ly~_'~671~f1~aR~, togethrr with intrrr~
thrrrun icum dzte at the nte of ten ~xrreut, pe~ annum until maturity, both princiNal and intrre~t bring payablr i~ IaM[ul nwnc~ u
thr t~nited ~tate: at '~'.'.-i-~ Biscayne Bhd., ~1iz:n~, Florida, or at such othe~ Place u the holde~ hereof may dc~ignate in writin
Prioripal and interc.t pa~~able in in~lallment. as (ollow~: -
Seventy ($70.00) Dollars per month, beginning on the 15th day of
~ September, 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 ptepaid in whule or in part after one year from the date hereof upon payment of a penalty equivalen~ t
eu f~ve petcent of the principat sum prepaid. ;
Each in~tallm~nt payrnent shall be credited fi~t on the interest due, and the remainder on principal; and intere:t st?all thrr~•- !
upun ceasr upun the principal ~o credited. ~
Tht makec~ and rndor-tn uf this nutc [u~ther agree to waive demxnd, notice o! non-pay ment and protest, and in the event suit
.i~all ~ bruught for the cdlection he~eo[, o~ the _ame hu to be collected upon demand o[ an attorney, to pay re~sonable atto~ney~. ~
frr. [ r making such collection. ;
eferred payment~ hercunder shail bear intere;t at the rate o[ ten pereent per annum ftom maturity until paid. ~
~ 'his note is cccurcd by a rr~ortgage~of even date herewith :nd is to be construed and enforced arcording to the laws uf the .
~tat~ of Flotida; upon drfault in the payment of principal antl~or interest when du~, the whole aum of prin~ipal and int~re~t
i ~maining unpaid sha11, at the option of the holders, become imrr~~diatel~d ~ a d pa~~able. ~l ; t
~ ~ ~ ; - i' .t~_ 'J l _ - : t ,1 ~ ~ ~ ~
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l~'=" c~'~'c , - > ~ ~
_ (SEA.,)
Prepared by Spirler & Tendrich. Attorneys - 2240 Biaeayr.e Bl~d., :1liami, Flarida •
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~r~d .nall p~rform, ~umpl}• w~th and ab~dr b~ ~ach and even• the supulat:on~. agretmtnts, ce+rsd~tion+ and evvr-
, nants af sa~d prorn~s~ory no.a and ~?f th~s deed, then th~s decd and the estatt thereb~• created shall cease aryd be
null and ~•o~d.
1. Thz ~brigagor herch~• ro~•enantc and agrees:
l~! Co pe~ •1: and ~+r.guiar the pc~r..~pa! and ~nlercs: a~d ~.~thet .uma ot moRt>' pa)abi~ by v~ctut ol saed pro:^.u.c~rrc r.oit and t'^.~~
dced. ar c~the~. ~vm, tlr on the da~c rc~p~~:~«1~ the same se.~ra31? hcc~~mes due.
lb) T.~ t+erm~t, cuaamu ,x suffer no sa.te a:d to matn~a~n nc~ ~mprovements a~ ai! ~~mcs ~n a s~ate ol io..a1 rep.~r a~J cond~'~vn, and to
do or perm~t bt donr t~. sa~d prem~se~ nutR~n~t thaL ••:11 after ~x ihanse She ust and ch~rsccer ot c~~d pr.ipcr:~ nr ~n ar.~ .ay imp~u ~r
+eaken the securqy ot thss ~r,u~!gase, ~?nd in :ase of tAe refusrl, ne~lect or ~nabilrty of the Mort~~sor ~o tepa~r aed mainta~n ssid atoper-
t~. ~he Sfr.rsaEee mar, •t h~s oprion, rr.ake ~uch rcyaus cx cau.e the sar.ir :o be made, and advance mone~s ,n tAat ~ehait.
t.l 7u pay and s~n~~l~t the taae~. asctaamcn~s. Ic~~es. :~a~al:ties. and ~olz~au.~ns r[ eYery naw~e un ~a~d de.cnb~d propcr~~ c~.n
and e.ery •+hen duc and pa~aDte a.c~•rd,aE ~u ia+, bet.xe chey become dei~nQuent. and to deli.er the ~1ort~agee on ~x b~l.KC ~tarch
1~=A ct e~ch year taa recnptc e~iE~ ..~nR th~ eu~rt.en[ o! ill lar(ulty rtqposed iues tor tAe pteced~ns calend~r yeu; to indemn~:y the
~lortsasee upon his dcm~n~ fw ~il taaec, a.ses•men:c atk7 charse~ thai ma~ ~e assesaed up~m tR~a m.,rt6~Ee on tht ~ndcFtcdncc.
c~:red rereby, and pa~d by the mixtEaaee. v~~tho•r~ resard ?o any la~ heretofwe en~cted or kereafter tu ~e enacted ~mpn>~a< <•a>men! o:
*.he wh.•le .x an~ ~art chr.eo( ap~~n Nr atore6a~ce.
i.r pay bli .+rtd scn~ultr the ~o.'.. .ha:6~c ~nd e.~~nse~, inclw2~ns iarvers' (ee_. and at~ct~au ~oc!. ~eaco~at+Iy ~ncurrec ~.r ,aid at
e^~ ::me b~ ah~ ~1.xsEa~ee b~iaL.c rf Te ta:l~rr nr. ~hr part ;S the \1.Kt~aEor to pesf.xm. i.~mp1~ with ~n3 ahidc h~ ~;,.n and c~er> •nc -
~•~n.:e::~.~., •~~eement~. conQ,tc.~n. rnd .~~~cnants o! sa~:. promissot} n..[e :nd th~s dreJ. or ~~~Arr, .~na e~.er~ .u~b pa.mrn~ .h~;: bcr~
~rt-rec: :r.wn ,1atr a: t!!r rate i.l trn prr , en~um pet a~num. .
i. iurrher covenanted and ay~eC n> ss~d pa~ues :hat :r, tte e.rnt of a suit bc:ng ~nseiw~ed tc~ t._xc:ln.~ ~n~~ -r~•ri~[esc, tht V~.r~-
~a~te a!:s!t !~t ent~~led to apply at ~n> t,mt t+end~.^.~ such, f~.eclosute surt to the ~ourt bav,n~ fur~sa~ctic.n thercof i« tnr sp~~mtmens
ot a~ece~.~r oi all aed ~~n~ular Ue mortEased property, •nd o! all renis, ~nromes, proflts, ~es~es and re.~nue~ tAercd, from ~.!~at.xlcr
~ource den~ed. .:.d 'hertupon u~s hereby es~+~esaiy co~enanted and a~reed that ~Ae Court shail iotth+rth appuint ~uch r~cener ~~ch
:!:e usuat po.cr~ and d~rets of rcce~~e~s ~n I~?e c~sea. and s~,d aPpo~ntment ch~l: bt tcadt SY the .nurt a. a matter nf ctni! ~:;Rt r~~
iAe SiMr`a~cr. ~nd r:;hou! rcfcr~ra~ ro rh~ ~,l~Quac} .x ~nsdsqu~cy oS the va~ue of the p~operty hereby sr.:.r<<~Ecd, or eo :he so(vcn.y
,r ~nsohency •d ~he \tor~~~~cxs .x an~ ~ther pr~> Ceiendani te ~uch cu~t. The ~tort~aµx hertb> s;x.ihcall> •.ai•« thr r.Eh~ ~o ot~~cct
:o the apyuin[mrn~ u~ a r-~e~ver •c a(orea: d and ~e~t~~ ti~rt~sly crostnts that such ap,eintment cAai: oe mad~ a~ ~n eJm:ttc~ r4~:•~
•nQ aa a ma~~er of ar<:>'_;~ •~Rns :o shc l1o:t~r~sr and ~hat ti~e ~ame may ~r done ailAJ1:L fO:ICf e~'F.c ~!oc:~agor.
I! ) ~f I~.rr.:oc„rr pr„ceeoens. tih:,utd ac ~na~:t~:cd ~~a:rst tAe propere~ .o.ered by thu m.utYa~e u~n ar.~~ o~nrr .;a:r: .hcfhc•
a'Ce~td pe supen x or 3um~s to tAe lier. o( thu mort~~~e, the S{at~a~ee ma>' •t h~s opuwe immedutti) up..n ,n,u^uci.,n .ucn ,u,t
x,la.~v~ ~hr pcnder.cY .Aereo` uc~iar~ •hes :~ortR~~e er,~ ehe ~ndtb:eAr.~ss secured ?!ereo~ aeJ payab;c •.•••~.,~:n ~~d ^~~ti a:
ort~en procted fcxe~;ose tAi~ mo:i~a~t,
(a? That thc \f..rtQ~~ar r:ll trrC a:? re~; and pcrc~.n~! =xvper~) nu+ M he~t~it~r encumbereQ h. tht lren af 'h~s mo•:Ea~c :n~u~:u rra)
be re~uueS `r.rt: ::m~ to !~me ~y ~tvrtEa~e- a~a~ncr }osz oy l~re. ~~n.is~~^~ anC o::... `...~:~s. casa~fhe. •^.d .••n:~r.Eer..,~. ~.r w~F
per~ods anG tur not less J~ar. sucA smourtcs ¦s m~~- At requxed trir Nortsisce and ri. pa> Drunp~lY +~en Jue •;I pzcrr::uc~ to: s~c?+
~n~u:~ne~. TAe amoun~s of ~r.sur~nce ceQusred by thr ~lor[~a~e~ sRali he the mm~mun amuun~s t•~r wh~ch sa~d ;nsussn~e sh.ii ec +•~c~cn
•nd rt shal! be +ncumDent upon tne ~Iort~~~or to ma~nti~n aach add~t~on~l ~nsun~ce as m~y be ne:..san :o ~+eee and ~.,^~p;? tull~
at1 .o-::aursnce requ~rements ront:~ned in said poi~etes to the eeW that tht sa~d Martp~or i~ nnT a co-~nsu~or ehercunlec_Ir.s~rancc
shall b[ +nCen a~x~pany os c•xnpan!e? appto.td o~ dec~~n~ud A~ ~he Alar<<a~tr •n0 all pol~c:ec •nd reneasl~ :hcteo`. .hai! hc hc~d
b~ tht Niut~~~ae. ~c~ Jet~.les dcs~~e~t~on. by tht ~furt~a~cx .n,ch ar~ accepted by tAt llor j~~cr anE a!1 astetr..enta ~~tiyttn ~lacsar.,r
•nd ~lur~j~~ee re;ss,n~ to ~niwance, nov -sishn~ or hereat:er madf, sh~11 oe ~n +nt:nr ~nd shail ,e a p~r: of ~h~s morep~c a~reers.e~-
as f~.lly •s tl~ouN ~et tortA retD~um hert~n and sha?i Eorern botR part~es hereto and ~he~r ~.uccesscr~ •nd +»~~ns_ No l+:n v?on ~ny o!
~~~d p~~ltc~ea of •e.uyncr os upon sny refu~C x rccurn premiom vA~cR ie~y be paraDle on ihr unceLauon ~z termin~;~on cAere~f, shalt
De jf.en to otAc• ~A~n tAe ~.lort~a{ee. e•.cr.~ n_y proper crnforsemen. •f(i~td to such polu+ ¦nd ~ppe~ed by ~lat~~~ee. Each poii~) of
msw~nct sh.fi h~,~c a{S~ied ~~e~e+o • SUn:,~rd Ves Yerk I?1o~~sa~et Clawe +ithout Cor:tnbut~~m, ~ai~a~ a{( io+~ .a Ics~c~ under .uc~
poh.> p~yaDle tA: Nortpset •s ~rs ~~:arest mar •Cpear. !n the erent a:f> sum x sums ~f inenc) nc:~xne p~y~~:c :Aercunder ine 1tnr;-
~a~et shall Aa~c tAr op~~.~ •ect~~t ~~.f appf~ tAt samt oe~ •ceount oI :At :!edt~.eCness ~~reb~ >ec..•eC. c• tn perm~: !hc ~t~r,Ea~or
to rece~~e and use ~t. or an~ p..« tAerto(. w~~Aw~ tAereby sa~~m~ or ~mpa~r,n~ ~nr eQwty. I~en. cr nfl~,: uns:• •n,! n~ .ar.~ o.` th~.
s~ortsa~e. ~rt e.en! c! to~s ur ,Aysicat d~naje to ~he ~ortja~ed qrop~rt. :~e ~tx:~a~or sRali Ene ~m-.cd~~:e not~c ~nereo( b5 '*a•1 t••
ihe \lixtpetc ~nJ :h. v...;f~~[~r ^,ati '*~kt pn . i!tr v~rr -~dc ~.r \t,,..f~~~. jr. ~::tc.,
q:rar ~9`~ 1U~,4