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PROVIDEfI, ALWAYS. that i[ the Mort~a~or sh~ll pay unto the Mort~a~ee the indebtedness evidenced by s ~
certain prom~csory note of which the [ollowin~ in words aed fi~uros ~s • t~ue copy to-w~t ~
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~ ~au~t~i~c 1~4ti ~
c 22150.OQ F~~;d, December 4, ~~~_71__ +
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F~~K ~JAI.t'f RECE:I~~F:U We, Joint~and SeV@r$11~_ promi.~~r tu pa~ ~
<<, ~hP ~~~P~ ----FANNI~ _ ~~l~~R - an no I _ - ~
thr principai :um of _ TWp TH US_ ND b~ _ 1~~~1.L:~R~, tug~t6rr with iutrrc~t i
thrreun fru~n dat~ at the ratr uf tr~ penent, per annum unlil matunh~, both principa) and interest tx•ing pa~•aLlc in laM fu) muu~•~ uf ~
thr l'nited ~tatr~ at '_''.'.-~-1 lii•ca~r~e til~d.. ~liami. Elorida, or at such other place as the holdetn hcreot may de~ignate in w~itin~. ~
!'cee:eis~! and ':nlere~! s~a~~able in in~tallmrnts as (u11uM•s:
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Fifty ($50.00) Dollars per month, beginning on the 15th day of
~ February, 1972, and continuing on the 15th day of each and every
month thereafter until paid in full. .
This note may be prepa~d in v?•hole or in part aCter one year from the date horeo( upon payment of a penalty equivalent
tu f~ve petcent of the ptincipal sum prepaid.
Fach imtallment pacme~l shall tx ~•rrdited first on the int~rcst due, and the rcmaind~r on principal; and intere~t chall thrrr-
u~?on ct~k u~wn thr ~~nnci~?al ~o ~•n•ditrd.
The maken and rndonen of thi~ note (urthrr arrce to Maive demand, nutic~ ot non-pa~•ment and protcst, and in the event ~uit
, ~hall t?r bwu~ht for th~ cullrction hrreu[, or the sam~ ha.~ to be collecled upon d~mand of an attorney, to pay rea+onabk attorney~s
fer. for making wch cullect~on.
Deferrcd payment~ her~under ~hal) brar interr~t at the rate of ten percent pe~ annum [rom maturih• until paid.
71?is note is cecucrd bv a moN~aKe oi even date h~rewith and is to be cor?strved and enforced~accwdin~ to the law~ o[ the
Statt of Florida: upon deiault in the payment of principal andJor intucst when due, the whole ~um of pnncipal and int~rost
~etaaining unpaid sha11, at the option of the holders, become immcdiatel) due and pa}able.
~ f . ~ _ ' - ' - - (SEAL)
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~ Pr~parrd by Spieln & Trndrich. 4ttort~eys - 2240 Biscayne ~vd., !?tiami. ' a
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arKi shall perfcxm, comply w~th and abide by each and every the stipulations, a~teements, conditions and cove-
nants of sr~d promissory note and of this deed, then this deed and the estate thereby created shall cease and be
null and void. ~
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1. The Mort~a~or hereby cuvenants and asrees:
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` (a) To p~y •11 +nd ~~n~ular the pr~nc~p~l snd ~n[erest snd other swns of money paYable by vutue o( sa~d prom~ssay no~t •nd th~s
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deed, or dther, poeµ+~ly vn tAe d~ys respectiveiy ~he s~a~e seYerally becoe~es due.
(b) To perm~t, ca~as~~ or su((cr no +sate a~d to mamta~n the ~a~provemeots a~ stl uee• in a si~te ot ~ood repau ~nd coadiuon, ~nd to
do ar per~?t ~o be dane to sud p~e~a?ses aotA~n~ tAat ~~11 •Iter w cA~o{e We use and cA~ruter o( sa~d property or ~n ~ny wsY uapa~r a
; re~ken thc securuy o( th~s mor~p~e. And ~a casc o( the refusal. oe~lect or ~aability of the Mortp~or to repair and ~a~nu~n s~~d ptoper.
ty, the IAor~ptee ~a~Y. N h~s op~~m. make sucA rcpa~rs or cause the same to Ee yde. and advance moneys ia that btA~lt.
3 (c) To pay •11 ~nd ~m{ulu the taaes, assess+een~~, lev~es, I~abilities, and obliNtions of cverr natute oa said desctibed poperty esch
and every .hen duc ~od p~y~ble acco~d~e~ to la., before thcy pecaue del~uauent. aed to deliver to the htort~i~ee oa or betore March
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~ 1StA of e~cA year u¦ receipts ev~densin~ [se psYment of ~Il Is~fullr ~sPwed taae~ ta the precedin~ c~lendu 1eu: to indem~fy the
- Morts~{cc ~pon h~s de~~nd (or ali taics. ~ssessmceu and chsr~es tA~t s~y =c •ssesscd upon tLis mort~a~e oa [Ae irdebted~eu s•- H,
cured Ae~eby, and p~~d Dy tMe so~ta~~te. ~~thout re~ar0 to aey 1~~ Yereto(ate cnscted or here~fter to be eaacted ~spwin~ pay~ent of
y the .Aole o~ any ~srt thereof upon tFx Mwi~a~ee.
(d) 7o p~y all and s~n~ular tAe cosls, clur~es ~rui ezpense~, ~nclud~n~ I~~ryers' tees ~nd sbstr~ct costs ressmably ~ee~ned nr p~id ~t
~ •ny ~ime by U?c ~torisa~ee bcc~use o( the (~iiure an the p~rt of t6e l/ort{~~or to per(orm, tomD1Y r~th and aD~de by e~th ~nd ertry tht
3 stipulat~au. a~reesents. conditions and covenants d sa~d proa~uaty aote u~d t6is deed. or e~ther. ~nd every sutA~p~ymeat sssll bt~r #
~ mtere~t tro~ date at tAe rste o[ tcn i10'L) per centus per annus.
' (el It i• frrd~ coreaaotod sod ssreed by ~~id pathes ihat in the ercet ot ~ suit be1~{ m~t~tuted to (oreclose thu wortN~e. tAe Mora
~ ptee sb~ll be eat~tkd to ~~Ir •t ~ey tise pendiaa snch (aeclosure srit w We caut 6w~oi jurisdicuon t~ertd (ot 1be ~~o~nt~ent
~ ot ~ rsce~~er d~11 ad sir~lu tAe wats~{sd p~oyenY. and ot ~U reets. ~scosei, ~ofits. iisuu aad rorenues tAereof. fro~ ~h~uoe~er
~ sauce denved: aod Wercuyon ii is hcrcsY caorsssly cors~aeted aad ~~reed that tht Cwtt sh~ll fotthritA apo~nt sud rettirtr ~~ih ;
~Ae wwl oo+rers aad dut~ei of receive~s i~ lite cases: ssA sud a~wntaeat sball be ~de bY d~e conrt as ~ iutter ot ~trict ri~Lt ~o '
~ the ?{ort{~~ee. ~nA rltAwt rcference to ~6e ~deowcy a ~eadeanacr d thc r~lue of tbe propertr 6ereAr sott{a~ed. or to the solveecy #
w~nsol~ewey of ~Ae Nortas~ors ar anr od~er ~rir de(ends~t to anc6 •~i~. The Mott~a~or 6erebr ~Oec~(~e~lly .~ires the r~~ht to ob~ec~
~ ~o tAe •haot~eat o~ ~ recelrsr ~s dau~id ~nd Aerebr espre~~ly crose~u tb~t ~ncA •~o~ntment shs1l be ~ade ~s ae ~de~tted eQu~iy
~ •nd u~~tter o( ~bsolute n~4t to tht Yatp~ee and th~t the ~ue Mr be doa~e ~nd~out notict co the Afor[i~ior.
_ (t) lf taectosure poceedia{s sAould At inat~tutsd s~~iast ths poyerty corered br th~s ~t~aae ~poo asy othef lien or cla~n?~rhelAcr
•Ile~ed to be supenor ot ~~aior to the lien o( thi~ aat~~~e. tAe Mat{~~se wY •t Ais oPt~on iomcdutely upq~ ~ostttut~m of such su~~
- or dur~ns ~he peadcecy thereo( declsre tAu sat~~~e ~nd the iadeetedac~s secired hcreby due and p~Y~le (atA~~th snd may ~i ~~s
oPt~os ~oceed to taeclwe tY~~ ~ort~~~e.
(v Th~t the Mort~a~or v~ll kee/ al! real •nd personal propetty nor a Aere~fttr eetun~beted by tAe tun Of ~i~ ~t~~~e insured ~s a~sy
be rsqY~rtd fro~ u~e to t~~e ?y We Mortas~ss ~p~est losi ey fue. r~eds~a~ ~sd othtr k~sards. c~swlt~c~ and coatu~~snc~es for s~ch
- oer~ed~ ~ud ia not Iess tAae ~rcA ~~ornt~ u Mr b~ r~wued br t!u Morti~iec snd to aY V~~WIy ~hsa dre ~II prem~wns for •YCA
msur~nce. TAe ~t~ of ~w~r.ecc r~a~~~ee sr ~s wonaassc d~ll be ~Ye sa~~us ~aaunts fw ~A~cA u~d ~nsrr~ncc shall be .nttee
aad sh~ll be u~crbeat ~ tAe Mort{a~a to Miat~ia •ocA ~dd~t~oa~l ~enrurce wr be necess~rr to isse~ ~nd ~o~upir runr .~~ch
- •11 Co-~Yrt~wtt ~eq~ue*ewts cont~~wed in s~~d oolicies to t~s s~d that d~e uid 1lortµ~a u A01 ~ CMIASYfOf lACftY11at4IO~Yf~fICC
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` sA~ll be +~ntte~ br ~ co~~sr or co~~e~t~ ~~pro~ed a Aes~~n~ted by the I/arW{ee ~nd ~11 pol~c~es ~ed rene~~ls thereof sea11 be Meld
br the Mort{a~es. Ail deuild Ccs~~~~m~ by iAe Ma+a~ta .h1e6 ue ~cce~sd Yr d~e Moresa~ee ~nd all ~reewcees ~ei.rcen Mor~~or
- and Mlortt~es relH~n~ to ~a~~r~sce. nor tx~slin~ a here~(ta ~ads. ~A~11 bc in vntina ~ud ss~ll bc • Part of th~~ aartq~e ~{reemeni
a~ (rllf ~s iAou~i~ sst (ori6 rcre~t~~ oerc~a aad ~A~11 ~orern bot! oart~es Aereto anA ~eir snccessors ~ad ~ss~~ns. No I~en uPon any of
aNd pol~c~e• of ~esYrmce a rPon ~a~ re(wM o?retrrn ~e~~~ +Aie6 pr be ay~ble oe the c~~esll~ban or tere~n~~~on thereof, sh~ll
~ bc ~~•ee ~u .xAcr N~aa ths M~rq~Ne. eacsPt br otoou eedorse~ent •ff~aed W~YCM Ool~cy snd ~~ro~ed by Mat~~{ct. Each policy of ~
~n~mu~ce •M11 1~a~e ~(f~.ed thsreto • St~ndard Ne~ York Mx~a~se Cl~YSC .~ehoYt Conu~b~i~oe, ayk~na ~11 loss a losses under ~uch
" po~~cr wr.e~e ~o the Mwtp~sc •s ~ts ~a~cre~t eyy ~ysu. le tes s~s~t ~sp or sw~s ot mor?eY secoe~e Pariblc thertundcr the Mori-
- p{ee ssat: A~~e the opt~on to reu~ve aad ~oplr tis ~at ow KtoMt of tbe indteleaness hereAy stc~reA, or to peraut the ~{or~~~~~x ~
i' ~o recei~s and Yse ~t. or ~ny art tAersof, ~~tlioYt IMsts~r ~~ivts~ x~y~um~ any equ~tY. lien. a n~ht under snd by nnrc of thia ;
wae~yc. tw e~ent of Iwa a phYpc~l b~a~e to tAe uat~s~ed ~ooerty tAe Mort~a~or shall ~~vc ~~raedi~~e nouce thereof by m~~l i~. ~
thc Mor~~~~ee and ~hr 6Aort~~~ee ~y s~k f toss the s~~ue ia no~ nude praeptly b~ tht Mwt~a~a. In c.em o[ fute.l~•ure ~i .
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