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PROVIDEII, ALr1?AYS. that if the \brt~+~~o~ shall pay unto the ~lott~a`ee the indeDttdness evidenced by s
certain pcomirsory note ~f which the fail~win~ in wnrds and fi~ures is a ttue capx tawit:
_
s 5.550. 00 _„~ort Pierce . Fto~;ds i~$y 18, t9_
~ E'OR VALUE R~CEIVED We, jointlY and severally, . io P,y
to the «der or ER ' CAPON AND BELLA CAPON HIS W
o~ F ve ousan ve-I~unTre~s t an no LLARS, co6e~het wi~h i~~cnrsi
thereow fras date u the ate at tea peieset. pet anaum unW mat~itp. both p~ncipat and interat bein~ paqabk i~ law[ul mooey u~
tQe U~ited 5tata it 2244 Bi~cap~e Bhd.. Miami, Ftotid~. or at weh otber pl~oe as tl~e hold~.-s hereoi may de~i~eate in writin6.
Pt~incipal ~ i~ta~at pnrabls iw i~at~Ua~enb a~ idlo~rs:
(1ne Hundred Fifteen ($115.00) Dollars per month, beginning on the 15th
day of July, 1972, and continuing on the 15th day of`each and every
month thereafter until paid in full
T1~is note may be prspsid in whole ot in part attet one year fcom the date heraof upo~ payment ot a penalty aquivalent
to five percent ot the prineip~t ~um prepaid.
Each in,tallment pirnient shall be credited fust on the interat due, and the cemainder on principal; and intere~t ~hdl t6err-
upon eea~e upw~ the principu w credited.
The makea and endotsets of this note Eucthec~ aaret to ~raire demand, notics of non ymait and pootat, and in lhr. eveM ~wit
w
~hall be bwu6ht tor the coltection heceo(. or the ame ha~ to be edlected upoa denu~d o an attanep. to pty reawnabk attorne~?'~
lee~ for mski aneh edleetan.
Defem~pay~ae~ts hereundet ~hall bear interest at the ate of ten perceet per annum fi~om mawrity until p~id.
Tha note M aeured bp a nattaa6e of cv~n date he~ewith and 'u to be construed ~nd a~foroed ~ecordin` to the laws of the
~tate ot Elaidr apon defwlt a~ thepty~aent ot principa! a~dloi interat r+hea due. the ~ole w~m of principal and inteaat
re~ieini unpaid abatl. ~t the option of d~e holdcts~, beeome ~nunediatsly due and papabk.
. . - ~ (SEAL)
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s ~,r~,~ _ t~~ /~'1~_-~---~ -r=-~- (SEAL)
arKl shal! perform, comply with and abide by each and every the stipulations. agceementa, conditions and cove-
nants ot said promissoty note and of this deed, then this deed and the estate thereby created shall cease and be
null and void. •
2. The Mortja~or hereby covenants and aarees:
(a) To psY all and sinjulu tAc principal and intcres~ and other sums of moaer payable br vinue o( said prooissory note aad this
decd, ar either, y~omptly oe the dars respectirely tbe suee severally Deco~es dre.
(b) To permit, como~t a srt[er ao ~raste and to ma~niain the ~mprovemeota at all ti~es in a state oS ~ood repair wd coodition. and to ~
do or perait to be doae to said presises aotAir~ tbat ril! alter or cb~ese t4e use ~nd cAuacter ot said propsrty or in anr oar ispair a
reakcn the security ot tAis aort~ase, And in csse ot the retus~l, nejlect or is~bility ot Me 1Aon~aaor to rep~ir ~ed ~aiet~in a~id proper-
ty, the MortpEee oay, at his oplion. ~ake snch repaits a c~use tAe sase to be wade, and ad~aece woaers ie tbat beb~l(.
(c) To p~Y ~11 aod sin~Ylar We taaes. aasess~ents. Ie~ies. liabilities. and obliptiaes of ertrr aatrre ea aai~ /esctibsd p~o~ertr each
and c•try ~rAea due asd AaYable accordiu~ to lao. betare they becose dslinqueat, aud to de{iver w tAe Noryssee on or pefore WreA
1Sth ot eac6 year tax receipts evidencio~ tho paymeet o( ~11 I~wfully imposed tues tor.the preeedios e~ktdu yeu; to iedemify tAe
1Aortpaee upon his deoaed ta~ alI tases, ssussmeets aid chsr~es tlut awr be asssssed rpow Wis ~octs~~e aa tbe iadsptsdneas s•-
cmcd bereby, and psid by the aatsa~ce. wiUwYt re~ard to aar law~ leretotore eaacted e• hereatur to be enacted isoosint paysent of
the .hole o~ anY ~art tliereot upa? the Mort~a~ee.
(d) To pay all and sin~ula tAe costs. char~es and expenses. iacludin~ lawyers' fees and abauaet costs reasmaAly iacurred or paid at
any t~se hy tAe Mor~p~ee because ot the tail~ro on the qrt ot We Mortsasor to pertors, cosply ~iW aed abide by uch a~ ayery the
stipulat~ons, a~eesents. cooditions •M coressets ot s~id pro~issory note asd this decd. ar eitbet. aed erery sucA~p~yment sA~ll besr
mterest trom dste st the r~te of ten 110'i) per ceetu~ per anwum. .
(e) It is turtAer covcn~eted ~ad a{reed by said parties tbat in tAe eren~ of a aui[ beina iestituted to /oreolosa Mia watpse. tbe Alat-
~ psee sAsl! be eetitled to applr at swY tiK peedius sucA foreclosure a~it to tAe caut 6s~iu~ jurisdictioe thereof for We aopointa~eat
or a rsccire~ ot a11 and sia~ulu We ~tµsed orooeny. aad o[ all reots. inemes. protits. issues aed rs~enoes thersof. fro~ ~IMtsoevsr
source dsrived; aad thererpon it is hereby expresilr coveaanted and a~reed t6at tbe Cwrt sAall torthritA sypoint sach receirer ,rith
Uu uswl pwrera and duues o[ receivers in like cases; ~ed said appoinuoent s6stl be wde br t6e co~rt as ~ matter ot striet ri{ht to
the Ilays~ee, and ~rithout reterence to the adequacy or inadeqwer ot the r~lue ot t6e property hereby ~at~ed. ar to the solvency
or insolvency of the Mortsa~ura or any other p~tty defendant to suob suit. The A/ortasaor hereby speeificslly waives 1he ri~bt to object
to tAe sppo~n~acnt of a receiver ~s afaesaid and hereby espressh cansents th~t soch appoiatoent s6s11 be ~ade ~s sn adoitted equ~iy
and aa a matter ot absolute ri~ht to the Alo~tpsee aed that the s~se ~qy be done ritAout notice to tba Monp~or.
(f) If toreclosure proceediois should be instituted a~ainst the ~operty covered by this aon~ase upoe any ofAer licn or claie ~hetlur
•Ile~ed to be superiar ut iaaior to t~e liea d tbis ~sartaaae. uK ~or~j,~se ..y e~s o~~:m ~e.~e„«ir matitwion of such s~it
a deri~~ tAe pendeeey tbereof declare th~s satt~ate asd. tMe iede0te~oess aecured haebr due and payable (orthritA ~nd a?ay at its
opt~oa proceed to toreclose tbid ma~~ase. ~ ~
'I1~at tbe Mott~or ~rill keep ~II te~l and petsonal pcopetty nor ot AereJtet cacwsbered sy tbe l~en o/ thia salaasc i{?s~red ss m~y
be required tro~ Iise to ti~e by tht Motts~jee aaainst loss Dy fire. ~rindsto~e aad otAer h~zards. c~swltles and contin~eacies tor such
per~ods asd fa ~ot kss tbaa sYC~ s~ornts u Mr b~ ~spired by tAe lbrtss~e~ aad to piY ~o~qtly +~hep due s1I pres~w~s for such ~
~asurs~ce. The aaau~u e/ iuurance reqoited !yr tbe 1lorepaee sAaN be tbe ~isiaw~ ssowets fur ~A~cb s~id ias~rsnce shall Oe ~nttan ~
and it sbsll be incwibeM uPow the Aloryasot to maiatain sYCh ~dditioaal Illf~ftlltt Sf OaY b! Ottt3lify [O ~RA GOIwpIr ~YIIr ~M1tI1
sll co-iasw~oce ceqwrce~ets conta~red in said oolicies to tbe esd that tbe s~id Aia~rtq~or is ao~ ~ eo.i~s~uar Wereundc~.ls~nrance
shall be rntteo by ~ coApaay or co~paaita aOproved ot ataipated br tAe Alotys{ee sad ~11 Dolicies and reae~al: thereot sMll be held
by the Alatpsee. All deuiled dtai~ostioas Dr the Mortp~ot wb~ch ue acceptad by the Mo~tp~tt and all a~reeseats klrsen Mott~s~or
and bort~s~ee rel~tin~ to inaurance, AO~/ CI[ift~Aj Of b~ft~~lCt M~t, s6a11 be ia ~vritias u~d s6~11 be a part ot tAis sort~a~e yreswent
as (utty as tho~~h aet tortA ~erbati~ bereia sod alull aorern botk parties Aeteto aod theit snccessors and assi~ns. No lien ~poe aoy of :
a~id policies of insuraace o~ upaa aey retw~d or return preeiun r6icb oar be paY~Ele on tAe c~ecellation or te~iaatioo Wereot. ahall
be ~iven to otAer Man the hlort~asee. cacept br ptoPec cMorsese~lt ~ffiaed to sucA policy and ~~oved br ~lortsssee. Eac~ policy of
insurar+ce sMll !ra•e stfi:e~ tAereto a Staodatd Ne~ Yark Motttape Claws ~itMort Coauib~tion~ sakin{ all loss or losses under such
polieY paraAle to the Mortp~ee ss ils iatetest .ar a~e~r. Ia tbe eraat aeY sYe or sw~s of ~soner btcowe p~rable thereand~r 1he ~tort-
~a~ee shall have the optim to receive sod ~pty tht s~se o~ account d ~At iedebtedsess hereAy secwed. or to permit the Mor~~aEor
to receive and uat ~t, o~ aay p~n thereof, ~ithoet the~eby wsivan~ or iap~airie~ a~y eqnity~ liea. or ri~6t rnder ~nd by v~nue ot th~a
mortp~t. In event ot loss or physical dsma~e to t4e enort~~~ed propery.~e YodK~gr:shall Ri~e Jan~~~~te notice thereof by ma~! tu
the Nortsa~~e and the Mortp~ee saY ~ake proof of los. ~t tl?c same ~s ~o~ bade prasptly by the Mort~~~or. le erent of to~e~~mure o(
bD~K~~ ~E~~ !
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