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PROVIDEf1, ALWAYS. that if the Mott~a~or shall Pay unto the ~+{ort~a~ee the indebtedness ev~denced by a
ce~tain pran~sso~y note of which the followin~ in words and fi~ures is s true copy twwit: • ~
~dyFt~G
E~IIO Miami, Florid~ Tanuarv~~ 19_~____
FOR VALIIE RECEI\'F.[) I Pro"'~x N"
to the ord~r oE BERDIE GOLDSTEIN -
the principal o( Three Thousand Three Hundred and no 100---- po[.L:~R:.~, tu~ethrr M•itl~ intrcr>i
t~ereun Irum date at thc nte o( ten perc~nt, per annum until maturity, both principal and intr~est bring payabie in IaM•[ul n~oney uf
t~e United ~tates at '.~2~ Bi.+cayne Bl~~d., \liami, Florida, or at such other place as the holders hereof may d~~ignate in writing.
P~incipal a~d interest payable i~ installments as (ullowa:
~ Fifty f$50.00) Dollars per month, for sixty (60) consecutive months,
I on the 15th c~ay of each and every month, beginnin~ on the lSth day
of March, 1972, and continuing until the 15th day of March, 1977.
at which time the balance shall become due and payable.
This note may b~ prepaid in K~hole or in part a[ter one year from the date hereof upon payment of a penalty equivalent
to five percent of the principal sun~ prepaid.
I Each in~tallment pa~•ment ~hall be i~reditrd~ fir,t un the interest due, and the remainder on prinr.ipal; and interest shall thrn•-
upon cea~ uWn thr principal >o credited.
The makers and endunen uf thi~ nute (urther agree to waive demand, notice of non-payment and protest, and in the event .uit
,hall be brought for the cullection hereo[, o~ the same has to be collected upon demand ot an attorney, to pay reasonable attorney~•
frr: [ur making such collection_ • ~
De(erred paymen4~ hereund~r •hall bear interest at the rate of ten percent per annum (rom maturity until paid.
This not~ is se.cured by a mortgaKe of e~en date her~with and is to be cor~stru~d and enforced accordin~ to the laws ot thc
'tate of Florida; upon ckfault in the pa~ ment of principal andlor interest when due, the whole sum of principal and interest~
rrmaining unpaid sha11, at the option of the holders, become immediately due and payable.
,C,1/ ~ ~-I~-'t (SEnL)
- .
(SEAL)
Prcpared by Spieler & Tendrich, Attorneys - 22~10 Bixayne Bl~d., Miami. Flarida
ar~J shall petfc~rm, comply with and abide by each and every the stipulations, a`recments, conditions and cove-
n~?ts of sa~d prom~ssory note and of this deed, then this deed and the estate thereby created sholl cease a~d be
nul! and void.
1. The Mort~e`or hereby cuvenants and a`rees:
i (a) To pay all and s~n~ular the a~nc~p.i and ~nurest snd other swns ot money payable by v~rwe o( s~~d prom~ssory note ~nd th~s
i decd, or e~ther, pomptlY dsys respeuivcly the same severally becases due.
i
! (bl To perm~t, coiau~~ or sut(er no vaste a~d to munum tAe improvements at •11 uats in a state ot ~ood repau and cond~uon. and to
do w pene~t to be done to sud prewises notA~n~ th~t w~ll alter or ch~n~e ~e use and cAu~ctet of s~~d property or ~n ~ny ~~y ~mpa~r a
i ~e~ken ehe secunty ot tA~s ieon~~~e. ~nd in casc ot ~Ae retusal, ae~lect a in~bility o( tAe Mort~~~or to repair and ~~inuia a~id proper- I
ty, ~Ae 1+{ortp~ee may, at his opuon, make sucA repsus or cause tde same to pe sadt, and advance moneys m that b~A~lf.
~ ~(c) To pay all and s~nsulu ~he taaes. •ssessmtms, lev~es, I~~bilUie~, and obli{~tions of erery n~ture on aaid desctibtd propetty e~cA ~
~ and e.err •Aen duc snd payable accad~n~ to la~, before they becoac del~aauent, aod to deliver to tAe Morti~aee on w be(ore MarcA j
Iith ot e~ch year t~a receipts ev~deecin~ the paYment o( •11 larfully ~spoied t~:es ta tAe precedie~ c~lendar ye~r; to indemnifr the ~
g FI«t~~~ee upon h~s dem~nd fa •11 ta:ea, ~ssessmenu •nd char~es that wy -s usesud upon U?is mo~tp~e on the indebtedness a•-
; cured he~eby, and p~id by the mort{~~ee, ~~thout re~a~d ~o ~ay la~ heretotore ee~cted ar here~fter to be enacted imposin~ ~aneent of
4 the ~rhule w any ~art tAereof upon the Nor~~~~ee.
X
~ (dl To p~y all and aietulsr ~he costs, char~es aewl eipenses. includin~ I~~yers' (ees and ab~u~ct co~ts re~son~Aly incnrred a paid st
~ any ume by the Maip~ee because of the f~~lure on thc patt o! the Mat{a{or to pertorm, complY ~r~th and a~~de by e~ch and every the
~ st~pulat~ons, s~rcements, cond~t~ons and covenants o! s~id prosi~~ory notc ~nd th~s deed, o~ e~~her, and every such~p~yment sh~ll be~r _
mttre~~ tran d~te •t the rate of ten (10'i) per centum per annwa.
~ (e) It i• futthtt coven~nted ~ed a~reed by nid p~rUes th~t in the event of ~ su~t be~ni in~tituted to toreclose tAis matp~e, the Mat-
~ p~es ~hall As entitkA ~o .pv~r .or ~~we peadins sucA faeclosure iuit to the court ha~ias junadictian tAereof ta tAt ~POointeent
~ of ~ r~cei~er of ~11 and sin~ul~~ the wa~~~~ed oroos~ty. ~nd ot all reati, iacaaes. pcofits, usues ~nd revenue~ thereot, (ros rh~tsoever
~ source derired; and ~hcrcupon it is Aereby c:preailr covea~nted ~ed •{r~ed tAat ~he Cwrt sh~ll [a~thritA a~oiet such rtcc~ver ~r~th _3
~ the wusl oowers and dutics of receiver~ in like c~~ea: snA ~~id •~oiatsent sAatl be aude by t6e court as s a~atter of strict ri~At ~o
v thc M«t~~~ee, and .itkout reterence to the ~deouaey w ia~dequ~cy of the v~lue ot tbe property hersby iaott~aisd, or ~o lhe solrencr
~ or ~niol~eneY of ths ?4wt~~~a• o~ •nr otAm O~rty defsnd~nt to ~uch •u~t. TAe blort~~~a hereby ~pec~(iullr r~i~es the n~ht to ob~ect i
to the ~yooiat~ent of ~ receiver •foresud ~nd hereby eaprt~~lr conieet~ thH such •ppo~nta~ent aA~ll be sade •s an adie~tted eau~ty
~ ~nd u a s~uer of ~biolute ri~ht to the A~lat~s{ee and tA~t the ~~~ne ~y be da~c ritAout notice to the Mortp~or.
(f) Jf (oroclosure prxeediap should be iniututed ~~~inst tAe OtoOerty corered by W~s uortN~t uOon aay othtt lien or cla~m ohether
_ ~Ile~ed ~o Se supenor o~ junior to the I~en of tl~is mats~{e. Ne Mortia{ee nuY at his option immedutelr upoe ~nst~wum ot sucA sui~
- a dunn~ tA~ pendencr tAereof declsre th~s ieori~~~e •nd the indebtedness secured hcreby due •nd p~ysAle forth~~th and msy ~is
opeion ~ocecd io foreclwe tAia sor~~~~e.
TAst the Mortp~or +~ill ktep all real •nd personal propertr nor ar hetu(ttr encumbered by thc I~an of this eart~~~e ~nsured ~s maY
bt t~quired frow tise to t~~e Sy the Mott{~~ee ~p~ast losi by fue, v~ods~ora~ ~nd other has~rds, esswlt~ei ~nd contm{enc~es for suck
_ oeriod~ •nd (or not les~ 1h~e ~u~h •eaunt~ esY Ae r~quited br ~he AbrtN~ee ~nd to p~Y p~~ptly rhen due ~11 pcm~wns ta iuch
~niur~nce. The ana~nu of ~a~uraace reau~red by the Mort~~~ee ~A~II be tAe wm~mwn ~mounis tor .rh~cA sud ~niur~nce :hall be ~rnuen
~e0 i~ ~h~ll be mewibent upon ~he Mort~~~or to am~~~n aucA ~dd~uoa~l ~nsw~nce aNr be necess~ry to mut ~nd canpty fullr ~ruh
•ll co-~nsunece requue~snts cont~ined in s~id oolieie~ to t~~ eod th~t tbs said Mat~~~or is not s cw~ns~ror the~eunde~.lniur~nce
- ~hall be ~rutee by ~ cosPaay a coyu~~c• ~Pptoved or des~~n~ted by the Mortja{ee •nd ~11 pol~ues and tsne~r~ls thereo( shall pe Aeld
- er ihe Ma~~.~ce. All detailed des~~n~t~ons br ~he Mort~~~w .hlch ~re ~cceptsd br she Mort~~~ee ~nd all ~reeuients 6etreen Mort~a~or
snd Marta~~ee rel~tm~ to ?n~ur~ece, nwr e:istin~ or hers~fter w~de. sh~ll be in rritia~ snd sh~ll se • p~rt of Uu mat~~~c ~~rss~ncnt
u tully •s ~hou~A set forth re~b~t~w hers~n aad ~h~ll ~overn both p~rties hcreto ~nd theit successors ~nd ua~{ns. No lien upon any of ;
_ •~Id polic~es o( msur~nce a upan ~nr re(uod o?return ~rem~us rhich s~r be p~r~ble on the c~ecsll~uon a ~e~m~n~tion ~hereof, sh~ll ~
be ~~ven tu ~ther tA~n the AAort~~~ee, eacePt Dr oroPer endorsen~eat •It~aed to such policy •nd ~Pproved by Mat~+~ce. EacA pol~cy of ~
~niur~nce ~h~lt h~ve •((~~.cd ~hereto • Siind~rd Ne~ Ywk Mort~~~se Cl~uac ~~thoY~ Coecrisuuon, ~e~kin~ ~11 losa w losses under ~uch `
_ pol~cy p~Y~Dle to the MortN~ee •s ~ts ~a~ere~t ~Y ~~~r. ln 1hs ev~nt ~ay ~wn a suss ot moneY becoa~e p~y~ble tAtreunder thc Nort- -
= {~~ce •Aa;! A~ve ~hc opt~on to recc~ve aed •Pply tAe s~~e a1 ~eeo~rlt of lhe ~ndebtedness Aerebr sccured, or 1o penmt the ~1ort~a~nr
'i~ ~o rtce~ve •nd wt ~t, ot •ny P~rt thereof, ~~thout tAersby ~~ivin~ a ~sPUr~n~ •ny eQuitY. lien. a n~At under snd Dy vu~~e of th~~
a~ort~ye. In event of lo~~ a phYS~c~I d~au{e to the mat~a~ed ~ooerty the Mat~~~p sh~ll ~~ve ~~edute not~ce tAtreof by Rnl ~
the Mor~{~~et and ~he Mor~~~~ee maY make proo! of loss ~f the s~~?e ~a no~ msdt promptly )j the Mat~~~or. In e~en~ of turc.l~~ure of ~
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