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PROVIDEn, AL.WAYS, that if thc Mortga~uc shall pay unto the Mort~a~ec the i~debtcdness evidcnced by a
certaio promissoty note ~,f which the tallowin` in words snd fi~u~cs is a true copy to-w•it:
~ayuG~ ~~~ote
~_1525.0_0_ hliami~Floridz September 9 19 71 _
FuH V:1Ll!F RFCEl4'EU ~ We ~ointl~and severally p~omix eo ps~
t~~ t6~ urdrr ot _NAT FI~I. 1L~.N ~N~~D T.~LL~E FRIEDI~IAN~ HIS WIFE. Nc~ /LO(1
thr yrincip~~ .u~~ ~t ~ne ~ousa-nci Five Hundred 1~enty-Five and [xit,LARS, togethe~ with interrrt
~hrreun ftuin ~te at thr ~ate u( trn petcent, per annum until maturity, both principal and interest being Payable in law[ul monc~ uf
' tl~~ l:nited >tate. ~t '.'.:'.-~1 Bi.caynr t31vd., ~tiami, Florida, or at such othe~ place as the holdera heroof may designate in w~iting.
1'rincipal and interc•t payable in in~tallmen~+ as follows:
` Forty ($40.00) Dollars per month beginning on the 15th day of
November. 1971, and continuing on the 15th day of each and
every month thereafter until paid in full~.
This note may be prepaid ~n whole or in part aftet one yeu from the date heteot upon payment of a penalty equivalent
t.~ five pe~cent o[ the pri~cipal sun~ prepaid. .
Fych in~tallmcnt pa~•meot •hall be creditrd fi~t un the inteast due, and th~ remainde~ on prineipal; and i~tetest shall thr~r-
upon cra.r upun thr principal .o credit~d.
The makers and rndonen o! t1~is not~ further agree to waive demand, notice of non•payment and protwt, and in the even suit
~lull br brought [or the collection herro[, or the~ same hss to be collected upon demand oE an attomey. to pay reasonable atto y's
~r. (ur making ~uch collection.
} U~[ened pay ment• hereunder shalt bear interest at the rate o[ ten percent per annum fwm maturity until paid.
j 7'hi~ ~ote is ~ecurcd by a mortgage of r?en date herewith and is to be construed and enforced according to the laws o the ~
S1at~ of florida; upo~ drfault i~ the payment of principal and/or interest whcn due, the whole aum of principal and interest
rrmaining unpaid :hall, at the option of the holders, become immediately dut and payable.
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~ ~.•,..-~c_ /r (SEAL)
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l- L t (SEAL)
Repar~d by ~pieler d Tendrich, Attorneys - 2230 Bixayne B1vd., Aliami, F a
anJ shall perform, comply with and abide by each and every the stipulations. agreements, conditions and cove-
nants of said pn~missory note artd of this deed, then this deed and the estate thereby created shall cease and be
null and void.
1. The Mortgagor hereby covenants and agrees:
(a) To pay all and s~n~ular the a~~~~wi and intcrest artd other sums of money payable by virtue of sa~d prom~ssory note and this
4eed, a either, pranptly on the days respectireiy the same severally l+ecomes due.
lb) To pe~mit, caom~t or su(fer no tiraste and to ma+n~ain Ihe ~inptovements at all timea in a state of ~ood ~epair and conduion, snd to .
do pa permit to be done to said premises nothin~ that v~ll alter ot chan~e the usc and char~cter ot s~id property ot in any rray ~mpair or
rreaken the secunty of tAis mort~a~e. And ia case of the refusal, ae6lect or inability ot the Mort~a~w to repair and maintain s~id proper-
ty, ihe Mat~a~ee may, st his option, mske such repaus or cause tAe ssme to be made, and adv~nce ewneys in that beh~lf.
(cl To pay all and sin~ulsr the tazes, lsaessmenta, lev~es, liabilities, and obli~~tions ot every naRUre on sa~d described property eacA
and every ~hen due ~ed paya~le accord~n~ to f~~r, before they become delinquc.d. aad [o deliver to the I~/otyasee on or bctore March
15th ot each year ta: receipts evidencin~ the payment of all Iawfully ~mposed tases for thc pretedins calendar yeat; to indemnify the
1latfssee upon his demaod (or all ts:ts, sssessmcnts an6 char~es that msy bt ~sseased upoe this mort~~~e on. the i~ebtedness s•-
curcd hereby, and paid by the matsa~ee, without re6~rd to any I~~r Aereto(ore enacted ar hereaher [o be enacted imposin~ ~ayment o:
the wAole ot any ~art thereof upon the Mortsa6ee. i- `
(d) To pay all and sin~ular tAc costs, charses and eapenses, intludins larryers' tees and abstract cosTs reasonasly ~nconed nr paid at
any ilme by ~he llai~s~ee because o( the fa~lure on the p~rl 0~ ~ Mott6=tot to pe~fotm. cosply w~[A and abidc bY e~ch and every the
st~pulat~ons~ a~reements, condit~ons and covenants ot said promissay note and this deed. or either, and every such~paymrnt shall bear
~nterest Iran date at the ~ate of ten (10'4) per centum per annum.
le) It ia further corensnted ind ssreed by sa~d part~es that in the event o( a suit bein~ instituted to toteelose thts moctsa~e, tAe Mart-
~s~ee shall be ent~tled to apply ~t any time pendie~ such forecloaure suit to che court havin~ jurisdict~an ihereaf fa the appo?atsent !
of a receiver of all and sinsulsr the mort{s{ed ptoperty, and of all renta, ~ncaeef. profits, issues and ievenues tKeFeof. (ran rhstsoever F
source deri~ed; and tAueupon it ~s hereby expressly covenanted and a~eed that Ue Court shall torthwith appoint such recei~er .~rh ~
the uswl povers and dut~es o( receivera in lite cases; anA s~id appo~ntment shrll be ~de by t6e court u~ matter of striet ri~ht to
the Mortja~ee, and ~rithout re(~rence to the sdequacy or inadeQuacy of the vslue of the property Aeteby wat~a~ed, a to the solrency
or maolvency of the Mortaa~ors or any other party defendant to such su~t, 7T~e Mort~seo~ hereby specJ~catly wa~ves the n~ht to ob~ect
to the appo~n[ment of a rece~ver as sforesaid and hereby expreasly consen~s th~t sueh •ppo~ntment shatt be msde as an •dmrtted equ~ty
and as a nutter of sbsolute n~ht to the lNort;asee and thit ~he aime may be donc v~thout notice to the Nort~a~or.
(f) tt lorecloswe proceed~n{s sAoulO be ins~~tuted is~~nst lhe property covertd by th~• mwtp~e upon any other t~en or cla~m whether
alle~ed to be super~w or ~un~or to Ue l~en of this mortsa~e, the Mwtp~ec :..sy at h~s option ~mmediately upon ~nst~wuoo o( sucA su~t
o~ dw~n~ tAe pendency thereaf declare th~s mort~a~e and tht ~ndebtedness secured hereby due •nd paYable (athw~tA and may at ~ts
option poceed to [oreclose th~s mor~ssse. ,
(i~ Th~~ the Mottqsor w~11 keep sll real and peracxu( pruperty now oa Aereafttr encumbered by t~e I~en o( this mort~a~e ~nsured as msy
r
be reQutred (ran t~me to time by tAe lNortsa~ee asa~n~t loss by tire, r~~ndstam and ot6er husrds, uswluta and conhn~cnc~es fur such ~
penoQs and ior not Iess than such amounts aa may be requued by tht Mortssjer ~nd to pay pr~ptlg rhen due all prem~ums for sucA
msurance. The amr.unts o! ~o~w~nce requ~ted by the Mort~~~ee sha11 be tAe min~mum amounts (a vh~ch sud ~nswance shall be wntten
and ~t ahal) be mcue~bent upon the Mort~a~o~ to ms~num such add~uon~l ~naurance as may be nectss~r~ to meet snd compty futlY r~tA
ali co-iasurante rtq~ue~dents cooumed ~p uid pol~ues Io ~he tsd that tAt aiid Morta~~or u not ~:o.~nsuror thercunder,lnsurance
shall bc .r~tten by a canp~ny or co~pan~es approved or des~~nated by the !1lortia~ee and •11 polic~es ~nd renewals thereof shall be Reld
Ay tlu A{at~asee. All deta~led des~~nat~ons by the MortL~Lor rh~ch ~re ~ccepted by the Mo~~~~~ee and ~It asreemtnts betkeea Mwtia~w
and ~lort~aiee rel~t~n~ to inawance, nor esi~bna or htre~(ter made, sh~11 be in +rydn~ ~nd sh~ll be a pars of th~s ma~~a~e a~reemem
as fully as thou~h set (or~h verba~~m here~o and shall ~uvern Doth part~es herelo •nd their successors and asa~{ns, No ii~n upon any of
iaid pohciea ot ~nsurance or upon •ny refund w return prem~um +~A~ch may be pay~bte ort the e~neetlat~on a terminal~on tbereot, sAsII
be s~rtn lo other than tAe lNo~t~asee, ucept bY qoper endorsement a((iaed lo such pol~cy and sppo~ed Dy A1orl~~~ee. Eaah ~lic~ of
~n~ur~nce shall have af(ixed tAereto a Standard New York Mw~~~{ee Cl~use wuhcwt Contnbuuon, m~ksn~ all bsa ~w loase> unJer ~u.A
pohcy pa;~ble fo ~he Matp~ee •R ~ts interost may appea~. M the event •ny su~ro~tf~ t( ~ef~sy becov~t payable thereunder tAe Nort.
~a{ce ~h~ll hsre the ept~oe to rcce~ve and apply tht s~ne on account ot the ~Od~Ofedness here6q secur~, or to perm~t :he ~M+~~,~or
to rcce~ve snd wt rt, or •ny p~rt there.>t. w~thaut Ut~eby raivm~ ~x ~mpa~nt~ aey equitY. hen. w n~ht utkfer and hy vutut of tA~.
mwt~~~t. In ercnt o~ loss w pAyaual dema~e ~o iAe mM~ina~e aov~•i~~ tilortas~ot ~hsll ~~ve immedute not~.e thercof bt ~^~~1 i„
lAe Nat~~~ee .nd t~~ ~Ior1~a~~e maY maYr ~xu~~f nt Iu.s ihc a~me no~ made qumplly hy the ~I~xt~~~ar. (n evrn~ o( lo~c.l,~.ure o(
~ooK 1~ ~f. ~4 ~
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