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PROVIDEn, ALWAYS, that ~f the ~lortgago~ shall pay unta the \toct~agze the lndebttdness tvidenced by a
certain prom~ssory note of
which the (ollowio~ in words and fi6ures ~s a true copy to-wit:
~d~F~~~
~ b,~~:QO _ ~tiami. Fto~id~ Febr~aary-l2,-`- 72
F~?K VAI.I~E: kE:CE:t~'E:D_^_We,_ joint~
~~_nd severa_llxi _ _~?romi>r
t~~ the ord~~ _,HARRY_H~~IB..~1NU _ II?c~ _1L~3IB.~_HI~IEE---_---- n
lhr pnncipal .um ~~f S i x Thp11S8I1.d_~Q_ ~~11I1~L'f~_. $QV1Ylt~~' 11'Q_ 311(~ _~~1~~'(i~, tu~;rthrt Nith intrr~~,t
thrreun ftum datt at thr rate of ten ~~~rcent, pet annum until n~atu~ily, both pr~ncipal and intere~t tN•in~ pay~abl~ in lawful n~une~ r.l ( '
~he l;nit~d ~tatc~ al '.'.2-~-1 fii~ca}nc Blvd., ~liami, flurida, ur at such other place a~ th~ holden hereot ma}• de~ignate in wr~?ink.
Principal a~d interest payable in in~tallments as fullow,:
Ninety ($90.00) Dollars per motith, for sixty (60) consecutive months,
~ on the 15ti1 da}• of each and every moi:th, beginnin~ on the lSth day of
April, 1972, and continuing until the 15rh day of April, 1977, at -
which time the balance shall become due and payable.
This note ma~ be prrpaid ir, whote or in part after one year lrom the date hereof upon payrr~ent of a penalty equi~•altnt
to f~ve ptrctnt of th: pr~ncipal sun+ prepaid.
Each in~tallmrnt f~a~ mri~t •iiall be ccrdited first on th~ inter~st due, and ihe remaindt~ on principal: and interr+t .hall thrrr-
upon eea.:e upon the pnnc~pal ~u crrdited. -
Th~ maken and endoncn of th~s note iurth~r aaree to waive d~mqnd, notice of non-pa~•mcnt and protest, and in th~ event ~uit ~
.h~ll b~ bruuRht (or the cvilrciiun hereof, or the ~ame has to be coller.ted upon demand o[ an atturne~•, to pay ~easoru6le atturne~•~: #
f~•r. (or makin~ wch collrction. t
Def~rred pa}•ment~ her~und~r shall bear ~nte~c:l at the rate of tert percent pet annum [rom maturity untit paid.
7'his ~ot~ ia ~ecurcd b~~ a mart~Re of even date herewith and is to be roruhved and enforced accordin~ to the laws of the
~tat~ of Flcxida; upon default in the payment of principal and~or interest when due, the whole wm oi principal and interr~t `
rrmaining unpaid shati, at tl~e option of tht holders, b~come immtdialsly due and payable.
~ C. L-S ~ -1--[_:~ r•-' ~5EAL)
~L'~ 1J ~ i1 ~ Z` ~ ~ ! ) ~f ~ 4 i r• ~cEAL)
Prcpar~d by Sprcler & Tendrich. Attomey~ - 2240 Biecaynt Blvd.. ~liami, Flatida ~
~
t
ar~J shall perform, comply with and abide b~• each and every the stipulations, agreements, conditions and cove-
~ nants of said promissory note and of this deed, then this decd and the estate thereby created shall cease and be
' nult and void.
l. The Mortgagor heteby covenants a~d agrees:
(a) To pay all and s~n~ular the pr~nc~pal and intetest and other sums of money payabfe by v~rtue o! said prom~ssory nott and th~s
dted, or e~ther, ptomptly on the dsys respecNvely the same sevenlly becomes due.
!b) To permit, tamn~t or eutttr no ~aste and to ma~num the ~mprovements at all times ~n a state of ~ood tepau artd condiuon, and to
do or perm?t to be done to sa~d prem~ses nothin~ that ~•ill alur w ch~n~e t1?e use ~nd cA~ncter ot sa~d propertv ar in any vay impa~r w
r•uken the secunty o( this murt`a~e. And ~n c~se of the rcfwal, ne~lect w inability of the Alortsiaor to repair ar~d main~am said proper-
~y, ihe MortN{ee may, at h~s opi~oe, make sucA repsirs or cause che s~me eo be m~de, snd advance moneys in that behalt. ~
lc) To pay •11 and sm~ulu the taaes, tssessments, leviea, Iu~ilities, and obli~atioas of every eature on sud described property eacA
and every rhen due and payable accordins to law•, befae they becane delinquent, ~nd to del~ver to the Mort~a~te on or before ~farch
ISth ot escf? year tax teceipts evidencini the p~yment of ¦11 Isvfully ~mposed taxes far the pretedin~ c~lendar ye~r; to indemn~fy the
Mort~~~ee up~m Ais dem~nd for ali taaes, •ssessme~ts and char~es that may be assessed upon this mortsa~e on the indebtedr.ess s?- *
cured hereby, and paid by tAe mort{a~te, rithout re~ard to ~ny taw heretofore enacted or Aereafter to be enacted imposini aayment o: ~
the rhole or ~ny ~art thereo( upoo ihe Nort~~~ee. ~
, (d) To p~y •II and s~n~ul~r [he coses, cAar~ea and expenses, includ~n~ lawyers' tees and abstnct costs reasonably ~ncurred nr paid at
any ume by the Mort~a~ee becauae of the [~~lure on the part of the Mortp~or to per(orm, comply v~[h and ab~de by eacA and every che Y'r
sc~pulac~ons, a{reements, cond~uons and covenanta ot saed paaisaory noie and this deed, or enher, and every such'paymene shall bear ~
i
m[cres[ trom date at the tate of ten (10'i6) per centum per annum.
(e) It is furthet coven~nted ~nd •{reed Dy sa~d p~rUes th~t in the e~e~t ot a suit beirt~ insututed to foreclose th~s mort~~se, the Nat-
~a~ee sh~ll be entitled to •pply •t ~ny time pendin~ ~ued foreclosute suit to the court havini jarisdiction thereof [a the appo~ntmeot
of a receiver of ill ~nd sinsular the mortj~~ed property, and o( ~11 rents, ineomea. profits, issues ~nd revenues thereof, from Whatsoever
source derived; and thereupon ~t ~s hereby eapreasly coreaanted ~nd ~{reed th~t the Coutt shall torthv~th ~ppomt such rece~ver v~ith
the uau~l povrera and duues of rectivers in lite t~ses; and s~id appo~rttment shyll be made by the court ss a matter ot strict n~ht ~o
the Natp{ee, :nd without rcterence to the adequacy or madequacy ot the ~alue of tAe propercy heuby mor<<a~e~, or to the ~olvency ~
or ~osolvency of the Mortp~ors or any other party defendant to such suit. The Mores~~or hereby spec~fically r~aives the nsht to ob~ect
to tht ~ppo~ntment ot a recewer as aforesaid and hereby e:pressly cMSents tb~t such sppomunent ahall be made as an adm~tted eqwty
•nd as a mstter o( absolute ri~ht to the 1Aortp~ee and th~t [he same msy be done r~thout notice to the ~fort~a~or.
(f) If faeclosure proceed~op should be instituted ~~ainst the property covered by thia mort~~~e upon any other iien or cla~m whether
alle~ed to be superia or ~unior to the lien of thia mat~~~e, the Moct~,~~ee may at his option immed~atel~~ upon ~ns[~cut~on of ~uch su~[
or durm~ tAe pendency thereo( dttlarc tA~s mortj~se an~ the indebtedeess aecured hereby due •nd pay~ble tort~w~~A and may a~ ~t~
opt~on proceed to toreclose th~s mat~s~e. -
(~1 That the Mortp~or r~ll teep al! re~l •nd person~l property nor or ~ereafter encumbered by the I~en o( :h~s mortta~e ,n~ured as m~y
be required from ume to time by tAe Mortta~ee a~nnst loss by tire, winds?ocm :nd other hazards, usualt~es snd conUn=enc~cs t.,r ~uch
per~ods and ior no~ Iesa than such amounts as may be reQu~red by the Mort~a~ee and to psy promptly ahen duc al1 prem~ums :w such
~nsuranee. The ~mounts of msurance requued by the bloct~a~te sdall be the mra~mum amounts for which sud ~nsura~ce shall be wnetcn
and ~t sh~N be ~rtcueaDeni upor, the llbrtpjor to raa+nuin su:A addiuon~l insurance as may be necesssry to mee~ and comply iuily .::h
all co-~naurance requ~rements contamed ~n ss~d pol~cus to tAe eod thst the ss~d illortRa~or ~s not a co-insuror thereunder_Inwr~nc~
shall be w~~tten by i canp~ny or compu~~es •ppcored or des~~nued by the Mat~a~ee and ~tl pol~c~es and reneWatc thcreof +hall be he1J
by the Mataiset, All deq~led desi~nauons by the Mort~~~or ~huh art accepted by the Mort~a~ee and all asreements betwecn Nort~ator ~
and Mat~~~ee reLan~ ~o miur~nce, eow ex~spn~ ot Aert~tter made, sAall be in rncm~ and sha11 be a part of tMs mor~~a~c a~reemenc f
•s fully as thou~h set fatA verb~t~m Aere~n and sA~ll {orern botA paruts hereto and their successors snd sssi{n~. No litn upon ~ny ~,f
said policies of ~nsurance or upon any retund or return prem~um which may be p~y~ble on tAe c~ncell~t~on or term~nation thereof, .hal;
be ~wen to other ~han the Mat~~~ee, except by proper endorsement a(f~xed to such pol~cy and ~pproved by ~1ort~a~ta Fa~h po:,~~ r~~
insunnce sMll have affiaed tRereto ~ St~nd~rd New York Natsa{tt Clause ~r?tbout Contnbut~on, mabnj aU Iosa or loscc~ under w:h
pn~icY psY~ble to the Mortp{te as ~ta ~ntetest may ~ppeu, ~n the ertnt any sum or s~ms ot moncy become payable theteu~der tAc 11~~~~-
~a~ee sh~ll have ehe opt~on eo recerve and •pply tAe sune on •ceount of the mAebtedness her~by secuced, or ce permi: t?+c ~tnre~,,,c~~-
lo rece~ve snd use ~t. or •ny p~rt thtreof, w~tAout thereby ~a~v~n~ a ~mpau~n~ any equ~tY. hen, or n~hi undcr and nti :,rtuc o'
mw~~aae. (n event of loss or phys~cal d~ma~e to the mort~s~ed aoperey ehe Non~a~w shall pre ~mmediate no~~~c !he~c~.i b~
tht ~lortp~te anJ ~he S1ort~a~ee msy make prou( ni tos~ ~f tAc same is not made promptly by :ht tfvrc~~gor, ~n ;tirn~ ~.r r.,r..;~.•rc
~ ~ ~ ~oo~ i99 ?~~E 2'75~ ~