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PROVIDEf), Al_WAYS, that if the \1or~gagor shall pay unta the \brtgagee the ~~dcbtcdness av~Jencrd by a
cettain pran~ssary nutt ~~f wh~ch the follo~ine in words and figutes IS 8 IfUC Cp~1y l0-N~~~
s 4.,675.00 Fort rierce, F~a;d, Julv 12. 1~.~3
Fo RO~EE~~LED WE ~ i ointlv and severally, ~om~e eo pay
to the order o~
the principal sum ot F4~n? ~OUSAND Sj..}~ HUNDRED SF,~VENTY-FIVE and ARS; togethe~ with interrxt
thcreon fwm date at the nte of ten petcent, per annum unti! maturity, both principal and intecest bein~ payable in law[ul money of ~
the Unittd 5tates at 2244 Bi~cayr~e Blvd., Miami, Florida. or ~t wch othe~ place as the holdus heteo! mty designate in writina.
Princ':?al and interc~t payable in iruWlments aa [dloMrs: ~
ONE HUNDRED ($100.00) DOLLARS per month, beginning on the lSth day
of September, 1973, and continuing on the 15th day of each and every
month thereafter until paid in fuZl. j
This note may be prepaid in wl~ole or in patt a[tet one yeu irom the date hereof upon payment of a penalty equivalent
to five percent of the ptincipal sum prepaid.
Each inatallment payment ahall be eredited Crat on the i~terest due. and the remainder on ptincipal; :nd interr•l •hap thrn-
upon cease upon the principst w crcdited. ;
The make~s snd endoners of lhis note furthe~ a~ee to waive demand~ notice ot non-payment and protest, and in thr event suit ~
shall be brought [or the collection hereoi, or the s~me haa to be collected upon demand o( an attomey~ to pay reasonable attorney'g ~
(rr: [or makina aueh edleetion.
De(erred paymertts henunde~ sha1) beu interest at the rate of ten percent pe~ annum from maturity until paid.
This note is recured by a na~e of cven date herewith and is to be conetrued and enforced according to the laws of the
~tatc oi Floridr upon detault in thepa yment of principd andlot intereat when due, the whole eum of prin~ipa) and intetrst
ermaining unpaid ehdl, at t~e option of the halders. become immedistely e and payaWe./
• G~~"" ~ (SEAf.)
C~~ l . ~~,L~'tM-r.T- (SEAL)
L,
~r~d ~hall perform, cvmply v?~ith and abide by cach and every the stipulations, agteements. conditions and cove-
naets o( said promissory note and of this decd, then this deed and th~ estate thereby created shal! cease and be
null and void.
1. The Mortgagor heteby co~enants and agrees:
(a) To psy all and sm~ulat the prmupal and ~nterest and other sumc of money payable by virtue of ss~d prom~ssay note and tA~s
deed, w e~Mer, promptly on tht days respec~ively the same sevenlly becomes due.
lb) To permi~, commu or suffer no ~aste a~d to ma~ntam the ~mprorements at all umes ~n a state of ~ood repair and cond~tion, and to
do or perm~t to be da?e to sa~d prcm~ses noth~ns that r~ll alter or chan~e the usc and eh~ncter of said prope[ty or m any way impa~r or
weaken the secunty of this mat~aee, And in csse of tAc rcfusal, r+e6lect or ~nsbility of the Mortaaaor to repair ar.d mainuin s~id proper-
ty, the Mor~pRee may, at his ophon. make such repaus w cauce the same to be made, and advance moneys in thst behalf.
Ic) To pay all and ~~n~ulu the uies, assessments, fev~es, I~ab~l~ties, and obli`at~ons of every nature on as~d desctibed property each
and everr whr~ due and payable accord~n6 to la~, befae they become delinquent, and to deliver to the Moresaate oo w betore March
ISth of eaeA year taR rcceipts ev~dencena tht payment of a{1 lar•(ully imposed taxes tor the ptec~dms calendat year, to ~ndemn~fy the
~ Matsa~ee upon his dem~nd tor all taaes, assessments and char6es that may be assessed upon this mort6a6o on the indebtedness
' cured hereby, and paid by the mat~a6ee, w~thou~ reeard to any la.~ heretofore crtacted or hereafter io be enacted imposins ~ayment o:
~ tht rhole ot any ~.att tbereot upon the A1ort6a6ee.
I
~ (d) To pay all and s~naular the costs, chu6ts and expet~~es, ~nclud~ea la~ryers' tees and abstracl costs reason~bly incurted nr pa~d at
a~y ume Ay the 111ortaa6ee because ot the ta~lure on tAe part of the Mortga6or to pec(otm, comply w~th anQ ab~de by qch and t~try the
i supulahons, a6reements, condrt~ons and covenants pt sa~d promissoty aott and th~s deed, or either, and evety such~payment shall bear
~ ~ntcrest (rom da~e at the ra~e ot tcnl104) pct centum pet annum.
(c) It is furtAu coreaanted ~nd aireed br s~id p~rties tb~t in tAe erent ot ~ suit beie~ ioatituted to [oreclose tAis matq~e~ the Mat-
~ p~ee sh~ll be eetitled to ~pply at aer liee peodias suc6 toreclosure suit to t6e Cqtft IIaYtOj JYfIfdlCtlOfl UICftO~ IOf WC ~ppOlAUelAI
~ O~ ~ f!CllYtf OI ~I) afld aiDjYISI t11t mOfljljtd pfODttly, and of ~!1 rents. iecomcs. p~ofiq. i~suei ~nd rerenues thereof. frae vhatsoever
~ source deri~ed; ~nd thereupon it is Aerebr e:preasly coveaanted ~nd ~~reed ~6at tbe Coutt slull torth~it6 apooiat such receiver rith
the wwl oowers arW duties of receivera in like cues; ~nd s~id ~opoiet~eot s6a11 be s~de br tbe eourt ~s i m~tter of strict rijht to
~
E the 1~1orlsajce, ~nd ~rithout reterence to the adeqwcy or in~dequacy of d~e r~lue of t6e pcoperty herebr sonp~ed. or to the solveacy
~ or iasolveecr ot tbe Morts~~ors or anr otAer p~rty defcadant to sucA auit. The Mo~tp~or herebr speeiticallr ~~ives We ti~At to oAject
' to the ~ppoiatmeat of a recei~er aa Joresaid aud Aerebr e=pressly cmieeta tbit aocA appointeent sAall be sade ss an adeitted equ~~y
~ and ss a ~tter o( absolnte ri~ht W tbe Alottq~ee aad th~t t6e sase Mr be dooe ~rithont notice to tAe Mortsasor.
~ (t) If toreclosure p~oceediaM should be iaatituted ~saimt the propertr covered by thi• wortp~e ~poe wr other lien or claiir ~rAetber
' slle~ed to be supcrior or junior to ths liea of tAis ~oortp~e. the 1~IortNSee mr st 6is option iseedi~tely upon institutian o! such s~it
` or duria~ thc pendencr t6ereot dscl~re tAis iaort~~~e ~nd the iedebtedness sec~red Aereby due ~nd p~ysble torth~ith and msy at its
; optian prxeed to taeclose tAis mortpje.
~
- Th~t t6e Mott~~ar ~ill keep ~II re~l and persa?al prooerty aow a hutaltcr encusbered by t6e lien o( tAis sort~~~e iosured as maY
be reQuired froe tie~e w tise by ~+c Mort~~see apirut Ioss by fire, ~iadstons and other haurds. saswltiea and continseecies tor such
; per~ods and fa not leas than auch asaunts ~s ~r Ae requirM by the Mon~asee aad to paY pro~ptlY ~hen due ~II prew~wes ta sucA
f in~unnce. The wounu ot ie~ataace required br the Mortsuee s6aI1 be t6e sini~nat ~so+nts tor rhic6 s~id iasnr~nce shall be writtea
s and it sball be UICY~CAt Yp0l1 WC ~IMtj~jOf ~O WIA41O IYCA ~dO/t100a) IA~1/aACC af O1r bt AtCtSf~tJl l0 mttl tllA C0111pIy ~YIIr r11I1
~ sll co-insursact requireredts coatau?ed in s~id policies to the eod tbat the s~id Mort~~sar is not a co-insuror thueundtr.lnsurance
sA~l1 be ~rrittea br ~ coy~ey at ca~pwits ~pprored or desisoated by the Mort~ssee and ~11 policies ~ad reaer~ts thereof shall be ~?d
~ by the Ma~tsasee. Att detailod deai~n~tiona br tie ltoryajor ~hieb ue ~cceyted br d+e Moresa~ee ~od ~11 yreewents Aet~een trtortss~or
s aad Mort~a~ee rel~tin~ to iaaur~oce, eo~ eaistin{ or here~fter w~de, ~6a11 be in ~rrities ~nd sAsl) be ~ psrt ot this eatp~e a{reeuent
' u fuUr ~s tAoY~ set (orth ~erb~tiuo Aerein and sh~ll ~orem bots arties hereto and tbeir snccsssors ~ad ~saises. No lien upon sAy ot
~ s~id polieiea d inawance or npao asr refund o~ retum presiuw rAicb yr be p~yable on tbe e~ncell~tioe at ten~in~tion thereof~ aAall
' be ~iren to othsr ~han the yortq~ee, sacept br proper eadorsea~ent ~ffi:ed to such poliey and ~pproved br Mat~~~ee. Each policy of
iaaar~nce shsll ha~e •(fiaed thereto a Staadard Ne~r Yat i/atp~ee Cfause ritAout Cwuibution. a~akins a11 loss a losses under such
; policr p~Yible to tAe h{artp~ee ss iu ~aterest wr a~eu. !s tLe s~sat a~r sue or swu oi soacy becoae ayable thereundcr ~Ae ~lori-
_ ~a~ee sAall 6~~e the option to receive •ad ~pply t4e s~~e oe ~cco~nt ot ~be iadestsdness Aereby secwed. a~ to permit t6e ~kxt~aEor
~ to receive aad we it. or •ny put thcreof, wit6out eMerebr waiviaa a iepairia~ say eq~itr. liea. a ri~At under ~nd by vutue o( th~.
~ mats~~e. In event of losa or pAriicsl dida~e to t6e oat~a~ed p~oPerty the Mortp~o~ s4~11 ~i~e iareedi~tt notice Ihereuf by ma+l t~.
s the Mwta~~ee ~nd the Akxt~a~ee iesy roske proof of loss ~f the sune is not madt promptly br the 7Nat~a~a. In event n( fore~le.ure of
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