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f'ROYlnE:i~, ALN'AYS, that if tht \1ort~agor xhali pay u~tc~ ~he \iottaagez the ~ndebtednCSS ev~dtnced by a
ctrtam prumissury nute of which the f~ll~v?ins ~n worJs and fi~uces ~s s true copy ta-w~t:
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3~.,554.00 Fo~~rce, June 15, 19 72 ,
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FOR VALUB RECElVED We , j ointly and severally, a,,,~;K ~o p,y
to the orde~ ot JOSEPH DLER
the principal wm o[ Four ousan ive un re i y an no LL!?RS. to6ethet with interesl
thereon fwm date at the nte ot te~ percent. per annum wnW maduity. both principal and intcrest beinR payabk io lawful ~noney of
the United Stata at 2244 Biaeayne B{rd.~ Miuni. Florida. or ~t wch othet place u the hdders hereof may designate in writin~.
Principat and inte~t~t p~yaWe ie installment~ as tdloMn:
One Hundred Five ($105.00) Dollars per month, beginning on the 15th daq
of August, 1972, and continuing on the 15th day of each and every month
thereafter until paid in full
This note may be prepaid in whole a ie part attet one yeu ftom the date hereof upon payment of a penalty aquivalent
~o f~ve pe~cent of the principal sum prepaid.
Each inatallment parnient shall be credited Cust on the interest due. aed the ranaindet on principal; and i~teer•t ~hdl t
upon ccase upon the prineipal w crtdited.
The nukers and endorsen of this note turther a~ee to v+aive demand. ootioe of non-p~yment and protest. and in thr. event 't
shall be bwu~ht for the collection haeoi, or the s~me haa co be collceted upon demand oi an attorney, to pay reasonablc attoenej?'s
(rr> (or makina wch colkction.
Deferred payments he~runder ~hal) beu intee+eat at the rate of te~ percent pcr annum Gom maturity until paid.
7'his notc ~ acured b~r a nwrt~e of even d~te herewith ~nd 'u to be coeshued and en[oe~oed acaordina to the laws of the
~tate of Florida; upon detwlt in thepay ment of principd andlo~ i~tereat when due. the whde w~m of p~ncipal and intet~eat
r+rmainina unpaid shall. at the option ot the holden, beco~ne iaunediat~dy due and phra6k.
% ~ • i ' / (SEAL)
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ar,d ~hall perform, cumply with and abide by each and every the stipulations, agteements. conditions and cove-
nants of said promissory note and of this deed, then this deed a~ the estate theceby cr~at~d shall eeaso and be
nu11 and vaid. .
1. The hlortgagor hereby covenants and agrees:
tal To pay atl and sm~ular the princ~pal and mterest and othcr sums ot money p~yable by virtue o[ said promissory note and this
deed, w e~ther, praeptly on ~he days respechvely tAe same se~erally becanes due.
tbl To permit, coma~t or sut(er no ~raste a~d to mamta~n ~he ~mprovements at all times in a state of ~ood repsir and cond~tion~ and to
do or perm~t to be done to said prem~ses nothin~ that ~rill alter or cMn~e the uae ~nd chuacter of said p~opert~ a ia any ray impair or
tieakee thc secunty of this mortjaae, And ~a case ot the re(usal, ne~lect a inabil~ty ot toe Monp~or to repaw and aintain said proper-
ty, ~he Maisa~tre may, at his option, make such repairs or cause the same to be made, and adrance moaeys in that behalf.
lc) To pay alt and c~n~ulu tAe taxes, assessments, leY~es. I~ab~t~ties, and obliQations of every nature on said described property each
and every vhen due and payable accordina to las, be(ore tAey become delinqrent, aad 1o delirer to the Alortsafee on or be(ore March
ISth of each year tax receipts ev~dencins the payment ot all lavfully ~mposed taxes (or the precedin~ calendar year to ~ndemnity the
Akxtaa~ee upun his demand fot all ~axes, assescments and charses that may be asseseed upon this mort~a~e on the indebtedness s~-
cured her~bY. and ra,d by ihe mat~a`er, ~ithout reaard to say l~rr heretofore en~cted a Aereafter to be enacted imposin~ ~syment of
~he +.hole or any ~art thcreof upo~ the ?lortsagee.
Id) Tu pay all and s~n6ular the costs, charEes and expenses, includ~n~ :awyers' tees and abstraet costs reasonably incurred or paid at
any t~me by thr !1f.x~6aaee becaux of the fa~ture on tAe pa~t of the ti/ortga6or to perform, comply ~~th aod ab~de by eacA and every the
ss~pulations, asreements, condiuons and covewants of said {wom~ssory note snd W~s deed. or either, and every such~p~ynent shall bear
mtcrrst trom date at tAe tate of ten (10'Gl per centum per annum. ~
Ir) It ~s fur~her covenanted and a~reed by sa~d psrUes that in the e••cnt ot a suit be~n~ inst~tuted to (oreclose thia mortp~e, the Mort-
ea`ee shall Ae ent~tled to ap0~r ~t +~Y p«?d~rea such toreclosure suit to the court Aivins jw~sdictim thereot fa ~he a;pomtenent
ot a recoiver of all and sinaular the ieortsa~ed qoperty, and ot all rents, ~ncomes, profit~, iesuee and revenue~ thereof. ~f0~ MAaL4ptY«
~ource dcnved; and thereupon it is hereby expressly covenaated and ssreed that tbe Court shail forthr~tA appoint such receirer rith
~he usuat po,vers :nd Juues af recei~ers in lite c~ses; and said appomtment shalt be made by the court a~ a matter ot strict ~i~ht to
thr 1lixtgasee, and ritAout referrnce ~o ~he adequacy or inadequacy ot the •alue of the property hereby iaort~a~ed, or to the solvency
or msolvency of ~he Nortea~ors or any other party defenJant to sucA suit. Tht Mortsa~or hereby spec~fically vaives the re~ht to ob~ect
[u the appo~ntmen[ at a rece~ver as aforesaid and hrreby expressly canaenta that such appo~ntment shsll be made as an adm~tted equ~ty
and as a mat[cr of absolute n~t to thc Mort6a6te and ~hat the same may be done ~riUtout notice to the tilottp~or.
lf ) If forcc lu.urc prcxecdm6.s should be inst~wted a~ainst the property co.eted by th~s mortgase upon any other I~en or cla~m Whether
allegcd to be superlor or ~unior to the i~en of this mort`aae, thc Mortsasee may at h~s opuon rmmediately upon ~ns~iwt~on ot sucA su~t
M dunns 1h~ p~~ency thereof declart th~s mortga6e and the indebledness secured hereby due and paysble [ath~rilA and may at ~ts
upt~on proceed to [cxeclose this mort~a6e.
(~l That the !1to~t~a6or vi11 teeD all real and personal propettr no~r or hereafter cncumbered by the I~en of this m«[~a~e insured as may
be required fran time to tiene by the Mortaaser apintt loss by fire, rindstorm and other hazards, casualt~es and cont~n`enc~es for sucA
per~ads and ia not less U~an such amounts ~s aay be requued by the MortNtee aad to pay proaip~ly when due sll premiwes fa such
msurance. The amounts of ~nsu~ince required by the ~4orisa~ee shall be the mimmum amounts for rh~ch sa~d ~nsurance shaH be antten
and i~ shall be ~ncumbent upon the Mortsaaor to ma~nUin sucA addit~onal ~nsurance aa oay be necessary to meet and comply fully w~~h
all co-msunnce requuemeets conlamed in sa~d pohcies to the eeW that ~ht sa~d Mort~a~or ~s not a co-msuror the~eunder.lnsurance
shall be wr~t[en by a canpany or caopao~es appored or deaijnated by the Mortsa~ee and sl) pol~cies awd renersls thettof sAsll be Ae1J
by ehc ~t~xtgasce. All detailed des~~nations by tAe Mortp~or ~h~ch are accepted by thc Mort~a~ee and ali asreements betreen Mo~t~aeor
~~d Mar~Eaaee relating to msur~nce, nov ea~sUn~ or hereafter o~ade, shall be in rrritin~ and sha11 be s part of t6~s mortp~e a~reement
as fuity as thoush set torth verbatim here~n aad sAall sorern both parties hereto and their successots and sssisns. No lien ~pon any of
said policic~ of ~nsuraoce or upon any refund or return prem~uen r6ich may be payable on the caecellat~on a[ermmation thereof, ~hall
be «ven to other ~han the Mort~a~ee, eacept by proper endorsement affi:ed to such pol~cy and approred by Mort~a~ee, Each pol~cy of
+nsurance sAal1 have atfiaed thereto a Stsndud Ner Ywk Idvrtaa{ee Clause ~~thout Conu~Euaon, mak~n~ a11 loss or losses under ~uch
pol~cy payable ~o the Mwtpsee as its ~nterest mar appear. (n the event any sum or swas of money Decame p~yable thereunder the ~tort-
gasc~ .hall have the opt~oo to receive and apply the same on ~ccount of the iadebtedness hercEy secured, or to perm~t the 11o~~Ea~or
to rrce~re and use q, or any part th~reot, without thereby waivm~ or ~mpa~nns any equity, hen, or n~At under and by v~rtut ot th~+
murtsagc. In cvent ot loas a physical dama~e to tht mort~ased property the Mort6a~a shall ai~e ~mmedute nouce thercof by ~-ar1 tu
the llurt~asce ~n.i ~he lllort6asee may make pruuf o! losc the camc ~s not made pomptly by ~he Uortsasor. In evrnt of tore~l~~ure o!
b06K' PA4~
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