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PRUVIDEn, ALNAYS, that if the ~lortgagor shall pay unto the ~b~tga`az the ~ndebtedness evidencrd b~~ a
certain p~omisso~y note of which the foflov?in` in words and f~~ures is a true copy to-wit:
~47N~L ~~4~C
t 875.00 1?~;,~,~;, Fior~d. February 12, 72
FOR VALUE RECEI~'ED We, iointly and severally, promix p~>
,
to the ord~r o( CLARE POrI'AR - - ~
the principal .~m oi _Fi'_~ht_Hundred Seven~, V ~nd no/ lOd------DI)LL~RJ. to~ether w~th inlrrr.t
thereon fmm date at the nte of ten petrent, per annum until maturity, both Qtincipal and intercst bring payable in lawful monr~ uf
the lJnited ~tates at ~2-~-t Bisca~ne Blvd., ~liami. Florida, o~ at such other place as the holden hercof may designate io wntinR.
Prr~ncipal and interest payable in installments u followa:
Thirty ($30.00) Dollars per month, beginning on the 15th day of
` April, 1972, and continuing on the 15th day of each and every
month thereafter until paid in full
This note may be prepaid in whole or in part after one year from the date hcreof upon payment o( a penalty equivalent
to five percent o[ the principal sum prepaid.
Each installment pa~•ment shal) be credited [irst on the interest due, and the remainder on principal; and interest +hall thrrr- '
upon cease upun the pnocipal ~o credited. '
The maket~ and rndorsrrs of this note further a~ee to waive demand, ~otic payment and pmtest, and in the event suit
s}»~~ be bwuRht [or the collection hercot, o~ the same has to be collected upon demand o[ an attorney, to pay rea~onable attomey'~
[rra [or making such coUection. -
DefeRed payments hercunder shall bear intecrst at the rate of ten percent per annum from maturitv until paid.
This note ia aecured bv a mortgage of even date herewith and ia to be construed and e~[orced~according to the I:ws the
State of Florida; upon deiault in the payment of principa! andlor interest whe~ due, the whole sum of principal and i rest
~ rrmaini~g unpaid shali, at the option of tiu holders, becomc immediate~ due_znd~. ~7 Ti~C~'~s'_"- ( )
JL SE AL i
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` f + ; i" ~ r ~ _ r-; (SEAL)
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P?eparcd by Spieler d Tendrich. Attorneps - 7240 Bi~eaYne e1~d•. Miami, F
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and shall per[otm, comply with and abide by each and every the stipulations, ag[eements, condilions and cove- ~
~ nants of said promissoty note and of this deed, then this deed and the estate thereby created shalt cease and be }
i null and void. j
f i
~ 1. The Mortgagot hereby covenants and agrees: '
~ (a) To pay all and s~nsular tht pr~nc~pal and ~nterest and otAer sums of money payable by v~rwe of sa~d prcxn~ssory nute and th~s
deed. « e~thec, pomptly on the days respect~vely the same srve~ally becomes due.
: :
~ (b) To petmit, comm~t or sutfer no vraste a!?d to mamta~n tAt ~mptovements at all umes in a state ot sood repau and cond~uon, and to
do or perm~t to be donc to sa~d premues aoth~n~ thst r~ll alter w chan~e tAe use ~nd character o( said property or m any way ~mpair ot ;
~ ~eafcen the secun~y of this mortp~e. And in case of the retusal, ne~lect or inability ot the Murtgasor to repair and ma~n~am said propcr- f
ty, ~he Mortsa=ee may, at A~s opt~on, mate such repa~rs or cause t!?e same to be made, and advance moneys in that behalf.
~ (c) To pay all and sm{ulu the taaes, assessments, le~~es, I~abil~ties, and obli~aUons ot erery nature on said described property each
~ and every ~rhen due and payable accocdin~ to lar, before they become delinQuent, and to delirer to tAe MorteaEec on or befwe March
~ ISth o( eacA year tax ~eceipts evidencin~ thb paYment ot all lav(ully ~mposed ta:es for the precedins calend:r year; to ~ndemni(y the
~ 64at~a~ee upon his demand (or all taxes, assessments and cAar~es tha~ may be assessed upon this mort~aae on the indebtedness s•-
~ cured hereby, and pa~d by the mat~a~ee. +ithout re~a~d ~o any IaW hereto(ore en~cted or hereafter to be eoacted ~mposms paymeat o:
~ the ~hole or any ~art chereot upoe the blwt~a~ee.
~ (d/ To pay all and s~n{ulat the costs, chu{es and tapenses, mclud~n~ Is~rYers' ftes and aDstrset costs reasonably ~ncurred or pa~d at
~ any ume by the Mort~s~te because of the failure on the par! o( tAe Nortga~or to pec(orm, comply vr~tA am1 ab~de by each and every the
sh~+ulauons, a~reementa, cond~tions and corenants of sa~d ptomissory note and th~s deed, ot titDer, and every such~payment shall bear
~ murcst tran date a~ the rate ot ten UO`i) ,xr centum per annum.
~ (e) It ~s turther coven~nted aad •areed by sa~d par~~es th~t m the event of a swt be~nj ~nsUtuted to foreclose th~s m«t~a~e, the !Nort-
~ p~ee shdl bt entitled to •pply at sny ~ime pendin~ such toreclosure sui[ to the court havins jurisdichon thereof for tAe aDDo~ntmen~
~ o( s receiver of all and ain~ular the morl~aied property, and ot all tents, ineomes. ptofits, issues ~nd revenues thereol, hom whatsoever
source denved; aad the~tupon ~t is hereby expressly covenanted and a{reed tl~at the Court sh~li (orthr•~th appomt such rece~rer »uh
- the usual po~rers and duues o( receivers in like c~ses; and sa~d •ppomtment sh~ll bt made by the court ~s a mauer of strict ri~At ~u
~ the Nat~a~te, and ~•~thout reference to the adequacy or madeqwcy of the value ot the pcope~ty heteby mortia~ed, or to the solvency
~ or ~esolvency of the Mataa~ors or any other party defendant to such suit. The Alortaa~or hereby spec~(~t~11Y rraives the nght to ob~ect
e to the appointment of a rece~ver ss a(oresaid and hereDy eipressly consents that sucA appo~ntmrnt shall be made as an adm~tted equ~iy
and as a matter ot absolute n~ht to the Mortp~ee and that the ssme may be done w~thout notice to the Sbrtsa~or.
= (f) ~f toreclosure procetd~n~a should be insututed a~ainst the propetty covered by th~s mott~a~e upon any other l~en or cla~m whether
' alle~ed to be supenor a ~mior to the I~en of tAis mortp~e, the Mortss~ee may at l~is opuon ~mmedutety upon inscewt~on of .ucr su~t
~ o~ dunns the pendency thereot decl~re tA~s mort~a~e and the mdebtedneas secured hereby due and psY~blc t~r.thw~th and may a~ ~t+
optioe proceed to toreclose th~s mat~a~e.
Th~t tAe Mortp~or r~ll keep all ~esl and personal ptoperty nor a hereafter encumbered by the I~en of tA~s mort~a~e mwred as m~y
be required (ran time to time by the Mott~a~ee apmst loss by t~re, ~•inds~orm and other Aazards, casuate~es and conhn~enc~es (ur ,ucA
' per~ods and ia not less than such anounts as m~y be requucd by the Mortp~ee and to pay promptly ~hen due all prcm~ums for sucA
~nsurance. The amounu of ~naurance required by the Mwesaiee sdall be tAe m~mmwa smoums fur rh~cA sa~d ~nsurance sha11 bc ,?riuea
and ~t shall be mcumbtnt upon the Mort~asot to ma~ntain sucA ~dd~aon~l ~nsurance as msy bt necessar> to mect and ~omply fut(y +~th
•11 co-insurance requ~rements conts~ned ~n s~~d pol~cles to tAe end that the sa~d A1ori~a~or no[ a co-~nsuro: thereunder.lnsurar.~c
shatl be ~ntten by ~ caopany ar caapaa~es approved or des~{nated by the Mortsa~ee and all pol~c~es and rene~al. [hereut ,hall be helS
by tAe lWwt~a~ee. All deq~led desi~nauons by the Mor~p~or ~•Aich are accepted by the Mortp~ee and alt asrecmente bet+een \for~eaEor
and Mori~a{ee rel~tm~ to insur~nce, noW ea~sUn~ or hereafter made, shall be in ~rnt~n~ and shati De a part o! th~s mor~gage a~reemeni
•s tully as thou~A set fottA rerbaum here~n and shaU ~orern bo~h parues hereto add theu successors and ass~sn~. Vo licn up~n ~ny ~~f
s~id pol~c~es o( msurance a upon any refund or rewro prem~wn ~rhich may be p~y~ble on tlfe csncell~uoe or term~nahon there~t, .~a3t
- be preo to other ~han the Mort~a{ee, eacept by proper endorsement at(ixed to such policy and appoved by Slwtsa`ce. Fa~h p~~t~~y ~.t ~
$-X msur~nct shall have sf(~~cd thereto a Stsndud \Itr York Nott~a~te Clause W~thout Contnbuuon, mak~n~ al! lo,: ur lo.+r~ un~rr .u.h ~
Oo~~~Y D~Y~ble ~o ~he Mor1~a{ee •s us ~n~erest may sppear. In tAt event ~or sum or sums of money bec~xne psyeble ihcreundcr thc ~1•~r~-
- p~ee sAall havt the ophon to rect~ve and apply the samt on account o( the ~ndebtedness Aereby ~ecured, or ~o perm~t ?ht ~M~ht~i '
~o rece~ve and wt or •ny psrt thereo(, wuAout thereby warvm~ a impa~nn~ any equ~ty, 6en, or n~ht unJrr and by •.~irtae Af •h:.
_ ma~{a~e. In eveol o( loss w pAys~cal dsma~e to the mwt~a~ed proper~y tAe Nortp~ot shall pve immed~atFnnti.c ~n.rr~+t b. '
the Morl~a~ee and ~he ~1wt~a~ee maY make prouf of lor~ ihe same ~ti n~t made promptl}' bY thc \1ott~agur. In ::rr.c ,~a ;~,rc~`:"~a•c
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