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PRUVIDE(1, ALWAYS, that if the Nort~aior shall pay unta ~he ~lott~a~~e the indebtedness evidenced by a
certain p~omiss~xy nota of which the followin~ in words and f+~u~es is a true copy tawit:
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~
t 2~ 275.00 For`t
,P :erce, FI«;d, May 13~,
~~~FOR VALURRECEIVEp We ointl and severall m;k ~u
P . S ,~OINT T . S
~ Pn~~ ~
ot ~ ~ - `U(7L'L??14~, to6et~a w~ti~ intet~est } -
tl+ee~eo~ aate ~t the ate ot tew petecnt, ps~ u~awN w~W matueity. both pnneipal ~nd i~ttoat be~ WY~bie In ~aw~Yi n1a1t n~
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the Ueieei States at 22~4 Baehrne Blva., Miami. Flotid~. o~ at ~uch otl~w pt~oe a the hdders hueoi map deaianate ie weiti~.
Priecipal aAd intereq pnrable ie awtaqa~eais a~ falloas:
Forty-five ($45.00) Dollars per month, beginning on the 15th day of July,
1972, and continuing on the 25th day of each and every month thereafter
until paid in full
Tbis note may be prsp~id in ~rl~ole or in p~ct a[ter one yeac (~om the date heteof upon psya~nt of a penalty equivalent
to five percent of ihe prinoipal sum prep~id.
Eacl~ in,~tallment pareient ~haU be ceedited tnt on the intee~est dne. and the remainder on principal; and intrr+rxt xhall thrrr-
upon eea~e upun the prineipa~ w eadited.
Tlie makers aad endonees of this nate furthet a~ree to waire danand. notice oi non-parn+e~c and pro~~ and in thr. event ~ruit
rhaN be bwuaht for the coilcetion hercoi. or the unk has to be collected upon demand ot an atto~nep, to pay ceasonaWe attorney i~
fee~ tor ~naki ~ueh edketion.
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Defeme p~yments hereunder shsq beu inteer~t at the rate of ten petceet per annwn traa maturiry until p~id.
Thr nate i~ acu~ed bp a a~orty~se of eren d~te herevritb and is W be cantrued and eetoteed accadin~ to the taws of the
State of Elaida: upon dciadt in tl+ep~yn~eat of principal andlo~ iaea+est ~rbee due, the ~rhde ~un~ ot principai and inteee~t
rrnrinin~ un~aid ~11. at the option ot the holden, beeoine immediat~dp due and papahk.
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arai shall perio~m, compty with and abide by esch and every the stipulations, agreements. conditions and cove-
nants of said promissory note and of this deed, then this deed and the estate thereby cr~ated shall cease and be
null and void. .
1. The hlortgagor hereby covenants and asrees:
(a/ To pay all and sio~ulu the principat and interest and other sums of e?oney payable by virtue ot ssid promissory note and this
deed, a eitAer, praa~ptlr on t6e dsys reapectively the same severally trecomes due.
(b) To petsit, co~it or su(tet no ~aste a~d to ma~ntain t6e ~mprovemepts at all tiaes ie a sute ot ~ood tepair snd coodilioa. and to
do or permit to be doae to said premises ao~hin~ th~t ~rill alter or ch~n~e the use and chuacter of said property o~ ia any .ar ispair o~
reaken the security o( t6ia .ortjase. And in c~se of tAe ~efwal. ae~lect ar insbility ot the Mortsqor to ~epair aod ~aietain s~id proper-
ty, the Martp~ee may, at his optiee, make sucb repairs or cause tbe s~e~e to be ssde. aad ~d~~ace aaaera ia U~at beh~t(.
lc) To pay all aod siesulu the y:es, assesssents, leries, liabilities, and obliptiafs of erery natwe oa s~id deacribed ptopetty each
and ererr ~hen dye and Pay~ble accordins ta Ia~r, bcfoce they becaae delioquent. and !o delirp to the Mortpjse oa or before March
lSth of escb reu taa receipts erideecio~ the payieem ot ~N lartully imposed tsaes for.the precedin~ c~teMu rear; to iademnity the
~ Mortp~ee upon his dem~ad fo~ all taaes, usessments and cMr~es that may be aasesacd npoa tYis eat{a~e oa the iadeetedneas s•.
' curcd hercby, and ~?sid by the a~orya~ee. rithout re~ard to any la~v Aetetotae enacted a hereatter to be ea~cted imposie~ aayment of
; the Mhole ar aay .~an caereo( upon ihe 1~/ori~a~ee.
i (d) to pay all aod sin~ulu the costs, char~cs and expenses, iacludie~ laayers' fees snd abatract coats reasonably iecurted eK p~id u !
i any iime hy ihe Mor~sa~ee because o[ the (a~lure a? ihe p~rt of the 6/wt~asor to perfon, cooply rith asd abide by eacA aM every t6e
' stipulat~ons. a~reesenu. cooditions an/ corewants at s~id pro~issory note and this deed. or eiWet, and sveryr such'payment shall bear ~
~ ~nterest trom date st the ate of ten UO''b) per centum per annwn. ~ ;
I lel lt is (urtber coven~ated and a{teed bf said parties thal in the event of a suit beie~ instituted to (oreclose this mattpae. the Mort. i
; psee shatl be eatitled to applr ~t a~y tiae pendiee~ sucb foreclosure soit to t1~e coart ha~ins jmiadiotim tbereof tor tht a~poiatmeat
of a receiver ot all and sia~nlar the sor~a~ed property. aod of all reats, iocoses. p~otita, iasues aM revawea thered, fros ~rhatsoever
souree derired: and thereupon it is hereby eapressly corenanted and ~~r~ed that the CoYrt shall fo~thrit6 aOpoint snc6 reeeiver +rith
i t4t usual povrers and duties of receivers in like caaes; and aaid appoinurcnt shall be msde by t6e eourt as s matter o( striet ri{ht to
; thc 61wt~s~ee, and ~it6out reterence to t6e ~dequaer a in~dequ~cy o( the ~alue of tde property herebr sortqsed, or to the solvency
i or insolvency ot the Martsa~as or any oMer puty de(endant to sucA suit. '!'he 6(ortsa~o~ Aereby speciiic~tir aaives tbe ri~bt to object
to the •ppoinement ot a reeeirer sa aforesaid snd hereby espresslr consents th~t sYCh ~ppointmeat shall be ~ade as ~n admitted equ~ty
, and aa s matter a( absolute ri~ht to the ?~{ortp~ee snd that tAe s~ue ~sr be dane +rithout notice to the Mort~~sor,
(f) If foreclosure proceedie~s sbould be instituted s~ainat the oroperty covered by 1Ais ~wrtp~e upon any other lien or cl~im ~hether
alle~ed ~o be s~periar or jYnior to ~he liee ot this oatpse~ the Mociq~ee ~wy at bis optioa immediately upon lnstitat~on o/ sucb ar,t
a d~ins ~bt ~pendener t~ereot declue this eortp~t snd tlie isdebtedne~s secured heieby due and psyable fortl~rith and aNy a~ its
opt~ae proceed to foreclou ~6is mortp~e.
Tb~t the lNortp~a ~rill keep all real and personat prope~tr nor nr herea(ter encusbered by the I~cn oi this a~ortss~e insured as may
be required Bow time to tioe by the Ilfort~~~ee aaainst loss br fite, a~indstorm and oe6rr hazarda. esawlties sad con~u?;encies for such
per~ods and fa aot less Waa srcA asoYnts ~i wr be required by tbe Nort~asee aad lo aY prow~lY whsa due sll prewiuou tae such
msurance. The awouats ot issuranee requited bp t6e Mort{a~ee ahall be We eeia~~ ~aorots to~ vhich s~id ~nsurance sAall be written
aad it shall Ae u~cumbent upon tbe Mort~~~or to m~intain soch sdditioaa) insursnce ss msr be necessary to meet and canply tullr ~~th
~ +tl co-inauraece reqrirea~ats contau~ed in said polic~er to the eed that the s~~d Matq~at i: ne1 a co-insrror thsreunder.Ins~uance
: shall be wntten by s coap~ny or coapaeies aopcored or desi~nsted by the Mortsa~ee snd all oolicies a~d reae~sls thereof shall be held
; by ~he Mor~p~ee. A!1 de4iled desiaaations by tbe hiortpsor vrhlch are accepted br Me Mortq~ee and a11 aaree~tats betfeen Mpt~a~o~
~ and hlort~a~ee relatin~ to in~~~ace. eo+~ eaistin~ ot heteafter made. s6a11 be ia ~rritin~ tad sAall Ae a part of t6is mataais i~rsement
~ ss fuUy as thou~h set (orU~ verb~tia 6erein and ahall ~overn boW arties txreW aed Weir successors aud assi~ns. No lien upon any of
~ ssid policiea of insurance a upon aar refund or ret~rn prewiw~ ~ich ~ar be ayable on the csacell~tion a tersiaayon thereo(, shall
~ be jiven ~o wher than ~be lilortp~ee. etcept br proper endorse~eqt ~ffi:eA to such policy and ~pproved br Mo~~tt. EacA policy of
ieaur~nce shslt have dfiaed theteto ~ Staad~rd Ne~r Yort Morw~et Cla~se .i~hon~ Cueuibuuon~ matia,~ jfl 1a~s or Iosses under such
~ policy payable to the hlortp~ee as its ipterest issy a~en, la U~e e•eat anr sua o~ su.s ot moner becaaro par•ble ~hcreunder ~he uor?-
i p~ee sA~ll have the option to receive aad apply tbe s~me on account a( t6e indebtedness herebr secureA. or to penai~ Me S~ort~aEor
~o rece~ve and we ~t, or any part tbereof. ~iU~oul U?ueey ~sirins a~mpsirir~ anr equitY. liea. or ri~At under ~nd by virt~e oi th~a
; toortp~e! In event of loss or phrsical d~au~e ~o the mor~p~ed property the Mat~a~or sYall ~ire ~minedute noUCe thereof br mail a~
! the Matp~ee and the A{ort~s~ee msY make proof of los. if ~he same ~s not made pomp~IY by the Mwtfa~ot. (n~ o( (o~e na
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