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PRU\ IDl~I1, :~I.NAl"S, that ~f the \turtgagor shall pay unu~ thr ~iortgagre thr ~n ebtednc. ~d~nced by a
ctttaio prumi.wty nute ~~f which thc f~~11c~N~ng ~n wurds and figures ~s a trur capy tu-v?it• •
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; t_? ,~_~Q.00 Fort _Pierc~, F~a;d, December 2~ t~_Z~
~ FOR VALUE RECEIYED We ' ointl and severall promi6e cu pay
to the orde~ ot ~T FRIE ND TILLIE FRIEDI~IAN HIS W TFE
~ ~h~ p~~nc~pat som ot One Thousand ~ Five Hundred Fi£t and no 100 poLLARS, together with intercst
thercon fwm date ~t the r~te ot ten percent, per a~num until maturity. both principal and intereet being payable in lawful money u!
the United State~ at 2244 Biscayne Blvd., Aliami, Florida, or at wch other place as thc hoiden hereof may designate in writina.
Principal and intenat pay~bie in itutalfinenb ii followt:
Forty-five (~45.00) Dollars per month, beginning on the lSth day of
February, 1973, and continuing on the 15th day of each and every
month thereafter until paid in full
This noce may be prepaid in whole or in put a[ter one yeu from the date hereof upon payment oi a Qenalty equivalent
~o f~ve percent of the princip~l sum prep~id.
Each- in~tallmcnt pay~rient ahall be credited firat on t6e interest due, and the remaindcr on priacipal; and intrrr~t ~hal! therr-
upon cease upon the pnncipat so c~edited.
The makcrs and ~ndorsers of this note further agree to waive demand, notice of non•payment and pmtest, and in th~ tvent ~uit
sl~all bc brought for the cdlcction hercof, or the ame has to be coltected upon demand oi an attorney~ to pay reuonable attorney's
(rr~ [or makirig aueh cdkctioo.
Defen~ed payments hereunder a!u!! bear intercst at the nte of ten perccnt per an~um Erom maturity until paid.
7'hia note is acured by a mortgage ot even d~te heeewith and ia to be construed and enforced according to the laws of the
~ ~tatc oi Florida; upon default i~ the payment of principd andlo~ interest when due, the whde aum of principal and inteceat
i rcnuining unpaid ~hdt. at the option of the hotden, becoR,e inunediatcly due ~nd Payeb~e. ~
t _ , y,t r~ ~ -r'; (SEAL,
i ~ `1 _ ~ fc r: " ~ ~ (SEAL)
a -
:tnJ shall perform, a~mply with and abide b~~ each and every the stipulations, agreements, conditions and cove-
nants af said prnmissory note and of this deed, then this deed and the estate thereby created shall cease and be
null and ~oid.
l. The !4kxtgagor hereby co~•enants a~d agrees:
(e) To Day a~~ and ~~ngular Iht proncip~l and ~n[eres~ and nther sumc of money payable by v~rtue of said promu~on nute and th~s
dred, or e~ther, prumptly on the days res{+rcU~~rly the aame sr~erall)• becomes due.
1b1 To permit, cexnmit or suf(er no Waste aad t~~ mam~am the ~mprovements at all umes m a state ot 6ood repe~r and cund~t~on, and to
do or pcrm~t tu be done to sa~d premises nothmg tAat w~lf alter or chanae the use nnd chancter of sa~d property or ~n any way ~mpa~r or
weaken thr seiur~ty of th~s morlaase. .and ~n cast of thc refusal, neglect or inability of the Mort`a6or to repa~r and mainta~n ~a~d proper-
ty, the MataaEee may, at his option, make sucA repairs w cauce the same to be made, and advance moneys ~n that behalf_
1~) To pay all and .ingulat the uxes, assessmems, It~•~es. lub~Irties, and obl~6ations of evtry nawce on said described property each
and every whrn due and payable acccxd~n6 to lav, before they become dclinquent, and to delrver to the Mortgage~ on or be(ete \IaerA
ISth of each ycar ta~ receipts ev~dencmg the paymrnt ~+f all IaMfully ~mposed taaes for the procedms calondar year, to mdemmfy the
\1ort6asee u~x.n h~s dcmand (or all taaes, a.sescmeets and chuaes that maY ~ assessed upon th~s mart6t6e on tho irtdebtedntss
cured hcreAy, and pa~d by the m~xtgaEee, M~thexu reFard to any la~ herctofae enacted or hereafter to be enacted imposmg naymcnt o:
, thc wholc ot •m~ ~~rt thtreu( upon thc \S~xtg~g~e.
(d? T.~ pay atl and smgular the co.tc, charg~s and ~nprnse., includmg la~yers' (ees and rbstract costs reasonably mcurred or paid at
anr t~me ~+y thr \lurtga~re btaau~e of the fa~ture on thr part o[ rhe Nortgagor to pertorm, compfy wnh and ab~dr by each and ocen the
supuiatum., agrcemtnt~, condiuon~ and covenants of sail prom~ssor}- no[o and th~s deed, or e~ther, and e~•ery sucA pa}ment shall bear
intcrrst (rum datr a~ th~ ratr of ten 110=.1 prr :emum per annum. _ ,
(rl I: ~s fwther covrnanted and agrced by sa~d pa~t~es that in thr e~ent ot a swt br~ng ~nsututed to forecloce this mortgaRe, the ~t~xt.
gag~e shalt he ent~!Ird to apply at any time pending such forcclowrc sutt to the court havin6 jurisd~ctuxi thereof for the appumtmem
uf a recu~ar of a11 and ~inEular the mwtEaged property, and of all rcnts, ~ncomes, prof~ts, ~ssues and revenues thereot, from rhatsoc~cr
cource dcn~rd; and thercupon it ~s hrrcby txpressly covenanted and agreed that the Court shall forthw~th appo~nt ~uch ?ece~ver rith
the u:ual puwrrc and duues of rcce~un ~n hke case~; and .a~d appo~ntment shall be made by the court as a matter of strict nght to
thc \1~,rtgagte, and wuhout rcference tu thr adrquaca madequacy uf the v~lue of the property hereby mortgaged, or to the ~ohency
ur in.olvcn~y ~ii tht ~lortgagot~ nr any other part> Jr(cnJant tu :uch nu~L The Ltortgagor hereby sp~cif~cally wa~vcs th~ nghi to ubTr:t
tu the appmntment of r rcce~~er a. a(uresaid and hrreby rx~x~asly rensrnts that such appointmem .hall bt madc as an admrttcd cqwty
and a. ~ mattcr ot ahsolu[e nglit to thc \lcxtgaEec and that the same may be done w~thout not~ce to tho \1ort6a6or.
If 1 forc.l~~.ure prxeeJ~ngs should be ~n.t:tuted aga~nst the property c~,.ered by this m~xtga6e upon any other hen or cia~m whether
atleged to be supencx or jun~or to the l~en of th~s mortgaao, the Wwtgagee may at h~s option ~mmeduul,r• upan m.t~tuUOn oi ~uch suu
nr during the pendency thereof declare ~h~~ mextgaEe and the indtbtedness secured hrreby due and pay'ablc torthuith and may ~t r~;
uption prc.ctrd tn (ixeclost th~s mortgage,
(g1 That th~ \lurtgago? xill Eeep al{ real and personal prupcrty nor• or hereafter encumbcred by the t~cn of :h~s m~~rtgagc intiured as may
Ac re~u~rrd frexn i~mc to ~~me by the ~lortgagec ag~in.t losc by (~rr, r.•~ndsturm and o[hrr hazards, .a.ualt~e. and conUngcn~~es fur ,u~h
pcr~~ic and t« not less than cuch amounts as m~p be ~equ~red by the Nortga6ee and to pa~ promp~ly when duc all premiums fo~ such
~n.ur~n~r. Ihc am~~un[s of ~nsurance rcyuited by the ~1~~rtEagee chall he Me minimum •rt;ounts fur wh~ch ~a~d ~nsuranct shal! br ~~nnen
end it ..hel1 hc miumbent upon the ~lortgagur to mamtam .u:h add~t~una! ~nsurance a~ may be nrcr.sar~ to mce[ ar.d •ompl} fully w~th
aii co-~n~uranc~ reywrement. contamed ~n n~id pulic:es t~~ the end th~t [he ~a;d ~loctgaEor not a co-~n.:urer thucunder.ln~urencc
.hail fir wrstten by a company ~ companies approvrd or des~grtatrJ by ihe \Ioragagtt and all pnlic~es and rene~al~ thereot ~hal! he held
b~ thc \to~tgagrc. Alt dtU~lcd detiiEnat~o~. by thc Slortgagor ,.hech are accepted by the ~fortga6ec and all agreements bet4een ~lnrtgaFor
end `tor~gagcc relat,ng to ~nsurance, noM ea~sUnE or hereattcr made, shaU be in ynhna and shall be a part of this mortgagc agreamcnt
as tuNy e~ though set (orth verbatem hertin and sh~1) govtm botA p~tt~ec hereto and their successor~ and assign~_ !1io I~en upnn ar.y ~~f
said poi~c~e. of irwrance or vpoo an~ re(und or re[urn prem~um rrhich may be payable uo the cance?lat~on o~ urm~~at~on thereo(, .hall
br g~~en t~~ uther rhen thr \IortgaEee, except by proper endorsement a(fued to such pohcy and approved by Mortga6ce. Each pole~y .,J
insurance shall hrcc aff~aed thereto a Standard VcM~ York Mor~6a~ee Clause r~thout Contnbut~on, maktins ali lo~c nr loticr~ undc~ -uih
;roi~cy payahle t~~ thr ~lo:fgagee as ~[s intrtest may epptat. In iht event any cum or sums of money becumt payeble thereunder thr `.1nTt_
t.+Rre ?F1eII fld\C the opt~on to ~ece~vr and applt• tht same on account of tht tndebtedness hertby .ceured, or :u perm~t the \t~.~tfaK~~+
to r~ccivr and u~t ~t, or any part theteol, w'~thout thcrcby aa~ttng or ~mpa~rm6 any equrty, hen, ur nght undrr and ~y c~rtue u' 'R;.
m~tgrge. In eveM ~~f los~ or phyc~cal damag~ to thc mirtgaEcd ptoptr:y the \tor:6agor shalt E~ve ~mrt:c~~ate noti~c thr:r~r( h~ -~r
th~ \lortgagce ,in~! thr \lort~Cegcr me~ makc pru~•! ,~i 1~,., it tnr .~mt net m~de prumptl? b~ ~Re \lurtgr~cx. In r~rrt .n:c.;~.•,~r._ nt
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