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PROVIU~n, ALWAYS, that if the ~1ort`a~or shall pay uoto the ~1ort~a~ee the indebtedness ~v~dencrd hy a
certa~~ p~omi~~ory note of wh~ch the followin~ in wotds aod fi~ures is s true copy to-w~t: .
~ ~a?~~t~e~ '~ete
s2,fi75 __QO Fo_rt Piercg, F~~,;d, May 12, 73 ~
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F(~R vALUF RECEIVED lointly and severall~, promue cu pay ~
to the ord~r EDWARD BROWN AND CAROIE BROWN HIS WIFE
the p~~ocipal sum of TWO THOU~~D - , together with interrFt
the~eon t~om da~c at the ~ate of ten peteent, pe~ annum until matutity, botA p~oeipd and intercst bein~ payable in law(ul money uf
th~ Umted ~tatea •t 22~1 Bixayne Blvd., Miami. Florida, ur at wch otl~e~ place ~s the holders hereo~ m~y desig~ate in writins.
Principd and interoat pay~ble in in~Wlmenta a~ tollows;
FIFTY-FIVE ($55.00) DOLLARS per mon~h, beginning on the lSth day
of July, 1973, and continuing on the lSth day of each and every
month thereafter until paid in full. !
Th~s noie may be prep~id ~n whole ot ~n part aftec one y~ar from the date hereof upon payment of a penalty equivalont
tu f~cc p~rcent of the pnr~cipa! sum prepaid.
f.ach in•ullment payment rhatl be credited (itat on the inlerest due, and the ~emainder on principal; s~d intrn•t •hall lhrrr-
upon c~a~c upun tht pnneipsl so credittd.
Th~ m~k~r. and ~odo~serr, of this note turther agree to waive demand, notic~ of non•payment ~nd protest, ~nd in thr event suit
.leall b~ bruuRht !or th~ coll~clion hereul: or the same hu to be collected upon demand of an attomey~ to pay reasonable attorney'~
frr. for makiry~ +uch collecUon. - `
Drf~rr~d paymenta h~reunder +hall bear ~nterest at the rate of ten percent per anoum [rom maturity until paid. ~
7'h~c oot~ ie ~ecurrd by a mort~e of even date h«ewith ~nd ie to be conetrved and enfotced aecording to the laws of the
~tat~ o( tl~nda; upon default io the payment ot principd •nd/o~ intere~t when due, the wl~ole eum o( principal and interest
rrma~ninR unpaid ahdl, at the option of the holdees, become immediatel due~and p e. j;
t /
~ (S~AL)
_ t~,_-~~ % (SEAL)
ar~J ~hall perform, comply with and abide by each and every the stipulations, agreements, conditions and cove-
nants of said promissory note and of this d~e~. then this deed and the estate thereby created shall cease and be
null and void.
l. The Mortgagor hereby covenants and agrees:
la) To pay all and ~~n~ular the princ~pal and interest and other sums of money paYable by virtue ot said prom~ssory aote and th~s ~
deed, or e~tAer, promptly on the days respeclively tAe same sererally becomes dut.
Ib1 To pe~m~~, coaro~t or su[ter no vraste aod to ma~n~a~n Me improvemeeb :t sll times in s sqte ot ~ood repair and cond~uon, and to _
do ~x permu to be done to said premises noth~n~ that ~r~ll atte~ or cAanse d~e use aad ch~r~cter o( said ptopu~y or in any May impa~r or
~eaken the security of th~s mortta{e. And in case ot the retusal, neLlect or inability of We Mort~a~or to repair sed maintairt s~+d proper-
ty, the Mort~a~ee maY, at his ophon, make such repa~rs or cause tbe ssme to be made, and adr~nce moaeys ia that behalt.
(c) To~pay all a~0 ~~n~ular tl~e baes, assessments, levies, lisbilities, and obliptioas o( every nature on a~id described property each
and e~ery vhen due and payable accad~ns to la~r, betae ~hey become delinquent, and to deliver to the Mottdasee on or before March
IStA o( ucs yeartaa receipts endencros the psyment ot all larfutly ~mposed taxes for the precedina ealendsr year, to mdemndy the
Atort~asee upon his demand ta al! ia:es, a+ses~men~s and c6ar~es that msy be asaessed upoe this mortaa~e on the inde~tedness
cured hereby, and ~+aid by tAe mateaaee, w~thout re~ard to aey !av heretotote eaacted or hereafter io be enaeted imposins pyment o:
the rhole or any ~art thereo( upon the Mixt6seee.
(d) To pay all and sinaular che costs, chu~es and eapenses, includin~ laryers' fees and abattaet eosu reasonably incurted or paid at
any umr hy the Mataa6ee becau.e u( the fa~lure oo the part of the Mortp~or to pertorm, eomply rith and ab~de by each and every the . -
.tipul.uons, a6recments, cond~t~ons and corenants of sa~d prom~sso~Y note and th~s deed, a either, and every such~payment shall bcar
~ntrrest tcum Ja~e at the n~t of ten tlOS) pe? centwn pet annum. ;
~ lc1 (t ~s further covenanted and asreed by sa~d part~es tha~ m the event ot a suit bein~ insutu~ed to toreclose th~s mart~rse, the t?lort-
I 6a`ee shail be entitled to sppty at any time pendins such foreclosure suit to che eourt havin~ jvrisdicUon U?ereof fa the appo~n~men~
~ ot a rece~ver ot all and Rinsular t6e matp~ed property, and ot atl rents, mcomes. pro/its, i~sues snd revenues thereot~ irom rrhatsxver
.uurce detired; and ~hereupon ~t ~s he~eby eipressly covenanted and •~reed tAat the Court shalt (athvith appoint such receiver r1~h
4 the usual po~crc and duhes ot receivers in like csses; snd s~id appoiotment ahyll be made by the court as a matter o( strice nsht to
ihc A1ix~sa~ec, and w?thout re(ereoee to the adequ~cy a inadequaey uf the value ot lhe property Aereby roatp~ed. or to the xolvency ~
or ~nsolvency of the Morisa~as or sny other party defendant to such suit. The Mort`a~or hereby speeitically faives the ~~eht to ob~ect _
~o the appomtment of a receiver as a(oresaid and Aereby e:pressly consents that such appointment shal! be aade ss an adm~tted eqwty
and as a mstter ot absolate ri~At to the Ma~ja{ee and that the same may be done ~r~thout notice to the Mortsa~or.
((1 If foreclosure proceedinp should be instituted ~s~inst ehe property corered by ~h~s mortq~e upon anr othet lien or cl~~m ~vhether
alle6ed to be supe~~or or juniw to the lien ot ~his aortp~e, the Mortsa{ee eoay at h~s opuoe immed~ately upon mstiWtiae of such suit
cK dunn~ the pendency thereof declsre this aart~ase and tAe iedebtedn~ss secured hueby due and paysble (orthwith and may a~ ~tti
opt~on proceed to /aeclose this malsa~e.
1`) That the Mortptor vill ttep all ~eal and personal proper~y no~ or he~eafter encumbered by the I~en ot this mortsa~e in~ured as may
; Ae required ttom tie~e to time by the Mortp~ee apinsl loss by fire, r•~nds~as and other hazards, casualaes and con~m`enc~es fur such
per~ods and for no~ lees th~n such amounts as may be requ~red by the Mortpsee and to pay promptly when due all prem~ums f~ sucA
~nsurance. The amounts of iosurince requued by tbe Mott~~set shall be tht min~mum amounts for rb~ch ss~d msurance shaii bc +.ri::e.-.
and ~t shall be ~ncumbent upon 1he 6Aort~ator tv au~ntain sueb sddiuonal insm~nce ss msy be eecessary to meet and comply (ully r~th
atl co-msurance requitemeets eontaioed in siid poGe~es to the eod that the s~id Mort~a~or is not a co.~nsuror thereunder.lnsunnce ~
~ ~hall be rr~nen by a COep~Ay Of GOApfA1tS spproved or des~~nated by the Mort~a~te and all pol~c~es and tenewals thereof shall bt htld
; by ihe Matp~ec. All detailed desi~natioes by tbe Mtartpsor wh~ch are accepted br tAe Mortpsee ind all asreements bet~een Mort~~~or
E and lNar~slee rels~~ns to ~nsur~nce, now e:istin~ or herestter made, sh~ll be in .vri~in~ snd sh~ll be s part of this matp~e a~reee~ent
ss (ully as ~housA sct torth rerbst~m here~e and shall ~overn botA parties hereto and the~r suecessws and assi~ns. No lien upa~ sny of
said pol~c~es o( msurance or apon aay re(und or re~urn prtm~um rbicb wy be p~y~ble on the c~ncell~tion « ~enamstion tAereot, sh~ll
be a~ren to other thsn lbt Ulwt~~~ee, except by proper tndorstment ¦ftiaed to such pol~cy and ~ppoved by Mortq~te. Each policy of
; mswanct ah~~~ h~vt afG:ed theteto a Stat?dud Ne~r Yak Mort~s~ee Cliuse ~rrthout Coatnbut~on, makin6 loss or losse~ unJer +uch
Do~~~Y D~Yib~< <o the Mortp~te as ~~s ~aurest msy appear, In the e~ent any swn or suras of money Decane p~yable thereunder the ~tort-
:
~ Ea~ee xAall hare the opUOn ~o rece~ve and apply the s~a~e on account of tbe mdebtedness hereby secured, a to perm~t the ~fnrtEaEor -
, te rece~vt and use ~t, a any part therto(. v?itAout thereby ~ruv~n~ ot ~mpa~nns aay epri~y. liep. a nsAt under and by vutue of ~h~, i
: mwl~s~c. In erent ot loss a phys~cal dama~e to the mor~~a`ed property the Mort~ssor sh~U d~ve imaedute nohce thercof by rt:a~l t.. ~
i ihe ~1url~s~ar .+nJ ~he ~1~xtEaEee maY make ~~a~( ot lo~. tAr ~ame ia nnt made p~umpUY by ~he ~1at~a~or. tn event ~d tote~in.ure o(
; eoox 2~. 4 ?~cf 05 ~
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