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PROVIDEi1, AI.WAYS, tha~ if the \1o~tg~gur xhali p~>• unto tht ~k~ttg:+gr~ thr ~ndebtednrss ev~dtnctd by a
certa~n pn~nissu~y aatc ~~f w~hi~h 1ht f.~1l~~uing in Nasds and f~gnr~s i. a trur ~opy tu-M~t:
?~o~a~e ~jor~
11iami,Florida June 1C~, ~q 71~
s~3~II_~o_
~
~ FOR YALI!E R~CEI~'f.D we ointly and severally promise ~o pay
~h~ o~a« or ~l~A
~ERS •
th~ pri~cipal ~um uf ~]Q1,~sand Three Hundred rif ty bc NO pO1,LARS, togetfie~ with intrre~t
th~reun (rum date at thr ~ate o[ ten perc~nt, pet annum until maturity, both priocipal and interest beir~ payable in lawful ma:ie?• uf
th~ l:nited ~tatrs at '.'.'=-1~1 Bi.+cayar Blvd., ~liami, filo~ida, o~ at such othcr place as the holders hereof may d~signate in writing.
F'rinc'~ al ind i~tere~t payable in iostaltment+ as follows:
Th rty-Five ($35.00) Dollars per month, beginnin~ on the 15~h day of ~
August, 1971 and continuing on the 15th day of each and every month
thereafter until paid in full.
This note may be prepa~d in whute or in part a[ter one yeat from the date hereot upon payment of a penalty equivalent
tu five ptccent of the principal sum prepaid.
Fach in~tallme~it payrnrnt ~hill be credited Grst on the interest due, and the remainder on principal; and interest shall ihrn•-
uFwn cea.,r upu~ the principal w crcdited.
7he maken and rndor~rn ut this n~te further agrce to waive demand, notice of non-payment and protest, and in the event suit
.liall br brought for the collection heKOf, o~ the same has to be collected upon demand of an attorney, to pay reasonable att::rney'K
r• fu~ making such collection.
U~ferred paymentc here~nder shall bear interest at the rate of ten percent per annum from matirrity until paid.
~ 7'his note is ~ecured by a mortgage~of even date herewith and is to be construed and enfotced accordi~g to the laws the
~tat~ of Florida; upc~n de(ault in the parment of p~ncipal andlor interest ~rhen due, the whde a~m of pnncipal and in ~st
~~maining unpaid shall, at the option of the holders, become immediately due and payable.
1 /
~ (SEAL)
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Repar~d er ~piele~ d~ Tmdrich, AtterncYa - 2210 BiecaYne Bl~d., I?tiami, F _
. .
ar~d shall perfotm, comply w~~th and ab~de by each and r~•e!> the sttpulaUons, agreements, conaitjpo`:.~nd cove- .
nants o! said promiss~~r~• note and uf th~. dreJ, thrn th~s deed ~nd thr rstatr thereby cr~~ated shall cea'st and be
null and ~ oid.
1. The Noctgagor hereb~ co~•enants and agrees: ,
, la) To pay alI irul .~nsuiat the {K~nc:p~f ~nd mt~tcst ar,.'. ~~zhr~ ol m~~r.~~ pnpsblr v~r~ue oi sa~J prom».ory note and th~s
deed, or e~ther, prumpHy on tne day~ te<pecu~'rly the .ame .rv~rallv he~~~mec duc-
(b1 To perm~t, c.~msnu or su[Ecr no ~aste a~J to m~~nu~n thc ~rt~pro~cmcnts at all uar.c~ in a sta~e ot go~x1 repau and condrt~on, and to
do or permu to be done lo sa~d ptem~ses notAin~ tAat v.~fl aiue ur .hanso the u.~ and characerr of pa~d propctty or ~n any +~ay ?mpa~r or
rtaken the se:unly of !h~s mortEase. ~~d m.ast o( thr rc(u.al. neglert or mab~!~ty o( the !11ortEa6or ~o rtpatt and ma~nta~n satd proper-
~ ty, t6e AlortaaRte may, at his opho~, make such ~rp~~rs ~K .~use thc s~me to be madt, and advancc moneys m that behalt.
.
~ (c) To pay all and ~m6ulu tht ta~es, a.sr~smentc, lr~~es, lub~i~t~es, artd ok+l~gat:ons of eve~y uature on si~d descnDed p~operty each
and e~~ery rhen Jur and payaDle ac.o~d~ng so iaM, bct.xc ~hey be.ome del~nqu~ and ro dclivrr p~ the M~xtEa6ee on or befote March
~ ISth of eacA year taa rece~ptc e~~idencinR tAe pa>ment ..f all lawfutt~ ~rn~+o.ed ta~rs tix the preced~ns calendar year, to ~ndemndy the
Aforip~ee upun hic demand fa all taxes, a.se..meni~ and :hargec ihn may be is~essed upon th~+ mortEa6e on th: mdebtedness s~-
cursd Atreb~, ata! pa~d by tht m.w~EaR~r, Mi~h.wt c~¢ard ro an> IeN hrret.iixe ena.ted ~x hereafte• ro Fe enacted ~mpos~n~ payment o:
the vhole or anv ~art thereo( up.xt tAe A1~~rtRagee.
(d) To pay afl and s~n6ular the :o+t., charg~. and eiTrn.e~, includ~n~ lao>ers' terc and ~bstuct .osts reasonably incurred or pa~d at
any ume by thc St.xtEaEee br.ao~c tA~ ta~lwc .m ~hc pir? oi thc ~t,~:~~c~gor t.. pr~'orm, c.+mply ~~th an3 ab~de by each and e~cry the
shpul~imns, agretments, cond~i~ons and :o~cnantc ot sa~d pr~~m~s~~~n r~~tr end :h~. d~ed, ix r~:her, and
e~er) such~paymcnt cAa11 beat
intercst [rum date at [!~e ra~e oi ccn 110'z? p:r :enturr. pcr annum. -
(el Jt ~c further co~rnanted and egreed bv sa~d paruc~ tha~ m tA~ c.cnt of a ~wt h~~nE ~nsututed to iaeclose th~s mott~ase, the Mort-
~ p{ee sh~ll be emuled to apph• at an~ :ime ~.end~ng ,u.h totc.tasurr .wt to tnc .ourt havin6 ~ur~sJ~ct~on thereof (or tht rp~~ntmenc
of a tece~~~er of all and c~r.a~iu thr m.xtEaEe3 , n~pcrt.y. .,nu oi all rent,. ~n:.~r~., proftss, ~.suev ans revenues the:eof, from .hatsoever
source denv~d: and ~heteupon ~t ~s ActcM r~{x~~sh' :n.enan!eJ ~nd a¢rted ihat tAe Court ~haii futth~?ith sppom[ cuch tece~ver ~~IA
the uswl po+er~ and duhes ui rcce~vers ~n hke :asr., a~d ,~~d ap~w~r.trxnt sh~!! he maJe b~ the cuurt as a matter of striet n~ht to
t1~: Nott~a~er, and r~th.wt refcrcnce r,. nc~ adequac> ~~c ~n+dc~ua.> vf thr ~alut at thr pro=+c=.t~~ hcrcby mustEa6ed, ~x [o Ihe sol~ency
or msolr~ncy u( the \1oft~as~r.~ .r anr• ~~!her part~ S-tendent ~o .uah Tyr V~~~rgagar herch~ ~pt~ d~:ally ~+~vcs tht t~6ht to oA~ect
to tAt sppotntmem ef a rccei~cr a~ afor~.~td ar.d hcrthl :•~p:c.~h ~•~n~rr:s~ :Aat ~u.h eppoir,tment shall bt made as an ~dm~tted cQu~ty
and as a matter of a5so:ute co~tl:t ta thc ~t~•stgapc:c ar.d '.^..,1 tt;c .~mr :n~} h~ d.~ne wtthn:st m~h:c !n Ihc ~lurtgagur.
(fl I( fcx~clncwe pnxeed~n~.a ~h.,uld be ~n~~~tutcd aga~n+t tht q!.~perty ..~.r.rd n~ th~e must~~ge upon •ny ~~thcr t~tn or cla~m wActhct
ailt~ed io bt ~upen.x x ~un~ur s,+ ~he I~cn ~.f ±!~s~ :r,,,r,geg~. :he ~Ior:g.,g:c ^:ay ~t h,~ .~pnnr immcd~etr:> up.+n :n.htuuon ot wch s~nt
~ .x dunns thr ~tndency thetto[ d~cl~re [h» moet~ea~ec •nd :~c ~~d~b'cdn~~. :~.,u~d her~h> ,ia- •nd Pa>ahic t;Kth~~th and mav ai :tc
option procecd to (oreclose tA~. racu~saEc.
(sl That the ~f~xtsasor +tl~ kecp ~U ~ca1 and ,cr.~•na; pr.•pr~t~ n•,w ~x t.r.:a!::r c~:~m!rer~a M:nr :~rr. ..t :hi. mor:t~{e ~n~ured as may
he requrted tran t~me to t~mc h~ thc \4ortgas~r eg.in.t ios. h~ tuc. ~:n.t.t,~:m an.: ~~tRcr neiar~,. w+:ic~ •nd .ontmRen~~~s fvr sucA
pet~ods and ~or nnt tess lh~~ cu~h amount~ a. ma~ !+e rryuired h~ rh: \!~~rtga~tce an.! ir pat ,•.•rt:p:l. .hen duc a~l prrm~ums (~x sucA
insuranct. The amounts of ~nsu!an.e rryu~rcd bc th; ll.r.~i~CC.• .ha'? ~r :hc ^~:r.:n:cm a~-~~::nt~ I.~r ~h..R ,a,d :n.urancc sha11 be ar+tten
and rt shall 4[ ~nc~mbent upo~ the ~tortaagw to m•~nta:n ~¢~f: adQ~Uvnai insu:an.c i~ mey he nc:e:~ac~ tu meet •nu ~ompiy tully.~~:th
all co-~nsursnce re~;rements cor.t.?~ned :n .a~d p~~h.ie~ tu thc end th.~ che \t^:t~ag~x not a ~••-in.uror thereunder.Insuranee
~hall Ae rnttcn h} a company o~ «~mpan~e. •Dpt~ycd .+r dc.~tn.,tcd b> thr ~F,rtdeKr~ end ..:1 polu:cs an.: rcncMai• therco[ tihall M1e he1J
by the Natsa~ee. 111 deta~led de.~~nation. by the \I~w~Eag.,r rh~.A are u~cpteG ~y thc \Surt~caEte in3 ali .areemen;. be~~een Mat~aaor
~ and.Mort~aset rc;at.n~ t~~ ~nsorrnic, na~r ciut:n~ ,,r her~a;tcr maJr. =Ae~: ~e ~r. ,~r:t;ng •r.d .hall t+r a parr M ~h~s mcxtEa~e aertert:ent
~ as (ulfy as ih~•u~ch cct :orth ~trbat~m terctr. and sha?t gn~cm ^o?h pacc~c~ hc:c:n .n~: thcir ~u..r.n ~r+ •nJ a~~~~tn.. !~o hcn upon any of
said pol~c~ez o: •n.~u~n.t ~x upon ~m retm~d or rctu~r pr:m~um. +h~:h ~r:a> ne p~ya~le ~~n thr :anc.':iatinn ur tcrminahnn therent, .Aytl
~ bc ~~ven tn otGer •han tAe ~IwtgaEcr, cz.ep: r+~.r« <r.d,~r.~mrnt a!t:rrS .wh p.~L.: ~nd app~~nrd by \I~ut~a~ec. F~.h pol~.~ o(
~nsutane! sAall ha~- rt(~xed thrrcto a titan~ard \r+ 1'~•rk ~Inr'~~~c~c f"~u.c w~th~.ut Con!nhu~a~~n, making +II lu.~ !os+c+ ueder ~u~h
poLcy pa)ablc tn thr ~1MipEe~ .+.-t. ~n:r*: c~y appeu. In tGr e:eni an•. wrr. ar .um~ :f monc~ b~.,,rt+c payabie ~hereunder the ltort-
~a~ee sA~ll.ha~t the .rpt~on t~: rr::~~~ rr.d app1: the ~ame o~ ac:aunt ~.t '!.c ir.de~ted.^.eti. herrn~ .r~ured, OLih permi' tAe tlort~ea~e~~r
to rece~re and use :t, ix any pars thcre.~t. ~+~thout tAtreAy +~a::ir.~t ~r :~rp.~sint nm c~~+'y, l~cr., or rz~At ~nJ.r snd fiy 1~rtuc o! thi.
mort~a~e. In t~tnt losy ot ph~~:.nl d~rt~e~t~ to ;ht oottE~`cd ;rurv-t~ :hc \1~;~tgag~~r shaii ~t~rc ~mm.cJ~ate m~h.c thcre~d a> --a•1 t.,
tht h~Oft~~~ft and lhc \luttg~~Ci~ :nnt ^~ekt , , ~.t . ~c. ;hr ti~.•;a n. r~ed: n'. _ n~ *h~ \'..••X~~tn1. ~G cL~. . .•~rc~i~~•~:ic -~f
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