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PROVIDEII, ALWAYS, lhit if ~he ~1ort~~~ot shall pay unto the ~1ort~ajee the indebtedncss evidtncrd hy a
cetla~n p~om~a~oty ~ote of which the followin~ in wo~ds and fi~u~es ~s a uue copy tawit:
f 4 125.00
- • Fort Pierce. ~y~;d, April 14, _73
F~R v~0~g~gl~~p_ WE iointlv and severally,
to the ord~r of _ i A KATZ promise tu pay
~he pnocipal sum o~ FOtJR THOUSAND 0 E H ~
L , toaethet with inletesl
thercon from date ~t the ~~te of teo peteent, per annum unti) maturity, both principal and intcre~t bein~ pay~ble in law[ul money o~
th~ lln~ted ~tate~ ~t ?.2~t4 Bix~yne Blvd., Mi~mi, Ftorida, ot at such other place u the hotders heteof rruy designate in writin~.
Principd and intenst payable in in~tallments u[ollows:
EIGHTY-FIVE ($85.00) DOLLARS per month, beginning on the 15th
day of June, 1973, and continuing on the lSth day of each and
every month thereafter until paid in full.
TA~s note m~y be prepaid in whole or in pact after one ye~r fcom tht date hereof upon payment oi a penalty equivalent
to frvt percent o, the pnncipai sum prep~~d.
F:~ch ~n•tallmrnt piymrnt +hall be rr~dited first on the intett~t due, a~d the remainAer on principd; and intrrr.t ~hall thrrr-
~ upon ~~asr upun the pnncipal ~o ~redited.
Th~ make~s and ~ndorsers of this note tutther agree to r~raive dem~nd, notice oi non•payment and protest, and in thr ~vent wit
~l~al) br brouRht for the collection hereo(, or the same h~s to be collected upon demand of an attomey, to psy rca.conable attorneyk
~rr. (o~ making such collection.
Def~ned paymenta hereunder ehdl bear interest at the nte of ten percent per annum from m~tu~tp until p~id.
i~hia nnt~ ie ~ecu~rd by a n~ortpge ot even date herewith and is ta be comQued and enforced according to the I~ws of the
+ `t~te of t7nrida; upnn drfaolt in the p~ymeot of principal andlot inttrea! when due. tht whoJF-au'rt~ of principa) ~nd iota+est
~ Kmaining unpaid ahall, ~t the optioe of the holdcrs, bccome immediately due and payable. l
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.~s~at,~
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(SEAL)
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ar~J ~hall perform, c~xnply w~th and abide by each and every the stipulations, agreements~ conditions and cove-
nants of said promissory note and of this decd, then this deed and the estate thereby created shall cease and be
null and void. .
1. The Mortgagor hereby covenants and agtees:
(a) To pay all and cin~ular the prineipal and mteresl and othet sums of money payablE by virtue of ssid prom~ssory note and td~s
deed, or e~tset, proaiptly on tht days respect~vely the sarne severally becanes due.
tb? To perm~t, commet w su(fer no rss~e and ~o ms~n~sm ~Ae ~mprore~ents at a11 umes rn s state of ~ood repair and condiuon, and to
do or permu to be doee ~o said prem~sea nothin~ that w~ll alter or cAanse the use and ch~racter of said property or m any vsy impau a
r•eaken the secunty of th~s mat~a~e. And ia case of the refusal, ne~lect or ~o~bitity of Ne Nortp~o? to rep+ia arA auintsin sa+d poper•
ty, ~he Monaajee mav, at his op~~on, make such tepaus or cauae the same to be made, and adrance moneys ie that beh~lf.
Ic) To pay all and ~insulu Ne taaes, assessments, lev~es, ?iab~l~ties, and oblipt~ons.o( every aature on s~~d described property each
and evety +~hen due and payable accad~na to lar, betae they become dtliaqueat, and to delirer to the Mott~a~ee oa w before March
IS~h of eacb ytar taa roceipts ev~denc~n6 ~he psyment ot all la+rfully imaosed ta~ces (or the precedia~ eslendar year, to ~ndcmm(y thc
Mart~a~ce upon Ais Jemand for all ta:ts, a.stsaments and char~es IAat may be asseased upon this isort~s{e on the indebtedneas
cured herebr, and pald by the mat~a6cc, rithout re~ard to sny la~ heretofore en~cted or herea(terco bt eo~cted imposin~ ~syment o:
the rhole o~ any ~.sr~ the~eof upon tbr Mnrtsasee.
(d) Tn pay all ~nd ~insul~r the costc, charses and eapenses, ~nclud~n~ laryers' tees snd abstrict eosts reasonably incurred or pa~d at
any ume Ay the Mat6aEce becau.e of the tadure on the part ot the Mortp~ot to perfono. coaply ~rth and ab~de by each and erery ~he
.i~put~t~ons, asreementc, caid~tions and covenants of ssid pram~ssay nott and th~s deed, a e~t6er, snd every such~psyment sh~ll bear
~mcrest (rom da~e at the ~ate of ten (~pS) per centwn per annum.
l~) It ~c further corenan;ed ~nd a~reed by sa~d parhes that ~n the event ot a suit be~n~ ~nsututed to toreclose tM~s mat~a~e, the ~lort.
sa~ee ahall bt enlitled to apply s1 sny tie~e pendin~ sucA foreclosure suit to t6e cour! 6sv~ns junsdicttan thereof (a the appo~ntment
of s reee~rer ot all and sinsulsr tAe mor~sased proper~y, snd o[ sll rents, ~ncomes, prof~ts~ issues and revenues thereo(, (rom rhstsoever
.ource denved, aad thereupoe ~t is Aereby expressly covensnted and s~retd that the Cwrt sAall totthvitA appomt such rece~rtr r~th
the usual porers and duues of receivera in like usea; snd aa~d •ppointment shall be aude by the cowt as a mane~ ol saic~ n~h~ ~o
~hc Mix~sasee, and w~thout reterence to the adequacy a~nadequacy of the value ot ~he property hereby mat~a~ed. orto the colrency
.x ~nsolvency of the Mat~a~as or any o~her party de(endant to such su~~. The Mort~a~or hereby spec~f~cally vaives the n~h~ to ob~cct
~o the appomtment or a reeeirer as a(wesud and hereby eapress)y conunts thi~ sucA sppwnusent shsll be ~sde as an adm~tted equny
and as a matter ot absolute rijht to the Ma~p~ee and that the ssa~e aay be done r~~hout notice to tAe Mor[~~~or,
If) It foreclosure proceedinp should be ~nstituted a~ainst the propettr covertd br th~s sortq~e apoa anY other lien oc cla~m rAether
•11e6ed to be supenor ot junia to che I~en of this ieortq~e, the w{ort~a~ee may at h~s opuon fmmedutety upon mst~tupan o! sucA su~t
or dur~ns the pendency thertof declare tA~s morts~ae and the indebtedness aecured hereby due aod psyable (orthw~th and msy at ~e~
opt~on proceed to taeclose this mat~~~e. _
(~l That the I~lortq~ar ~ill keep all real and personsl property nor a heres(tcr eacwebertd Sy tht I~tn ot 1Mis mort~s~t insured a+ may .
bc required froa~ 1~a~e to time Sy the AAortsa~te spinat loss by fire, ~~ndstorm and o~her hszsrds, caswluts snd cont~nitnc~es fur such
per~ods snd ~a not less than such amoun~s as may be requued by the MortN~ee and to psy pro~ptly When due all premiwns (or such .
~nsurance. The ueounts of inaurance reauued by t6e Llort~~~ee sh~ll be the mimmwo amounts tor rh~ch said ~nsurance ~hall be ~ntten
and ~t shall de incue~bent npon the INort~a~or to sa~ntaen aueA addiliotial iasurince as a~sY be necessary to seet and coenpty fully ~r~th
sll co-msurance requ~reroents contamed m sa~d policies to the ead that the sa~d Mort{s~or is not a ca~nsura thereunder.lnsurance
~hal1 Ae ~rr~tten Ay ~~~yp~nr or caopaa~es apptored or des~~nated by the I~lort~aste aad s11 pol~c~es ~nd rener~ts tACreo( shall be 8etd
by ehe Mat~a~re. All deqiled desijwuons by tbe A~ortjasor rhich ue accepted Oy Wt MottNfte uid all ssree~ents bet~reee Mon~a~a
and Mortptee refat~ns to msw~nce, nor e:isun~ or hero~(ter aade. sbsll be in vnt~as ~na shall be s psrt of ~his isortp~e a~rteaest
•s tuily as thou~h set forth rerb~um hert~n and shalt ~ovetn boW oarties hereto and tbeu snccessors and sssi~ns. No liee upon sey of
sa~d poGe~es of ~nsuranee a uyon anr re(und a rcwrn prem~n~ ~hicb sa7r be p~y~ble on the c~ecellatlon a ~er~~nauon theteof~ shall
be ~~ven to aher than 1he Mpt~i~ee, eacept br poper tndorsesent ~tfi:ed to sucA pol~cy and spprored by Ulatq~et. Each Pol~cy o(
mswance shaN harc aff~:ed thereto a Standud New~ Yak ~lortsajee Clause ti+U?avt Conuibruoe, mskins sil bss or losses w~der .uch
pol~cY Payable ~o thc Morl~aiee ss ~ts intertst wY sppcar. In the e~tat any sue a swes ot ooneY pecoa~e Psraelt thcreunder tbe ~fort-
Ra~ee sA~ll hsve the op~ion ~o rece~ve snd apply Ihe saAt on sccount of 14e ~adebtedness heteby secured. a ~o perei[ [he ~N~rt~s~~.r
to receire and use it, a sny part tAereof, rithout thtreby rsiv~na or ueps~nnj ~er equity, litn, or n~4t wWer and Ay nrlrc o! th~.
mat~~ie. In event of lass or phys~cal dama~e ~o ~ht mor~~a`ed pope~ty the Mortq~or s6~U ~we ~~wed~~te notice ~Rere~it by rr.~l t~~ t
~hr ~1wtp~er ~nJ ~he MM~EaEee ieay mak~ ~.r.~t of I.n. Mc ~~mc i. nor maJe prw+~ptly by ehe ~lortss~a. In erenl .d lure~b.+wt n!
~ - $Qax213 fa,:1U~5