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PROVIDED. ALWAYS, that if the :Vlortgagor ahall pay unto the Mortgagee the indebtednesa evidenced by a
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, certain promissory note of which the following in ~rorda and tigurea is a t~ue copy tawit:
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U 1 825 . 00 Ft . P~ ~-florida July 27 , l9. 74 j
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FoR VAI,UE RECEIABD ~E ~ 3ointl;• and severally ~m;~ ~o p,y ;
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J to the order otM~?RVIN S. R _
F-1 the pnncipd sum ot DOL ARS. tc~ethe~ with intenal
thercon t~om date ~t the nte o[ ten percent, pe~ annum until maturiq, both prineipal and intcrost bein~ p~y~ble in lawtul moner ut
~ th~ United ~tates ~t 2244 Biuarne Blvd., Miami. Florid~. or ~t weh ot1~e~ place u the hdden hercof mar de~n~k ~n writina.
~ Principd aed ietcn~t paya~le in imtallmenti ~ tdlor+~: ~
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~ FORTY-FIVE ($45.00) DOLLARS per month beginning on the 15th day of
~ October, 1974, and continuing on the 15th day of each and every month
~ thereafter until paid in full.
T~~s note may be prep~id m whote or in p~rt a[te~ one year from the date hereo( upon payment of a penally equ~vaien~
to (~ve P~rcent o! the pr~ncipal sum prepsid.
Each in-tallment payment shal) be crcdited tint on the interest due, and the remainder on principal; and intrrr~t rhall tbrrr-
upon «ase upun the printipal so ctedited_
7h~ make~s and ~ndoners ot thi~ note further a~ee to waive dcmand, notice ot oon-payment and ptotest, and in thr event suit
.I~all b~ brouRht (or the coltection hereof, or the ~ame has to be collected upon demand ot a~ attorney. to pay aasonable attorney'F +
ter. (or m~kina sueh edleetion.
Defened payments heteunder ~hall bear inttrest at the ratt of ten pe~cent per ar~num trom maturity until paid.
7'hi~ not~ it ~ecund by a mort~e of even datt herewith and "u to be con~trued and entotced ~ecordu?6 to the laws of the
~tate of Eltxida: upoe deiwlt in the yment ot principd aadloi intetest when due. the v+hde w~m ot p~ncipal aed intereK _
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remainina unpaid ahall, at the option o the holden. bccome immediatcl and payaWe. ~
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and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants
of said promiseory note and of this deed, then this dee~ and the estate thereby created shall cease and be null and void.
1. The Mortgagor hereby covenants and agrees: '
1~1 To p~y all aad singular tLe prindpd and interast ~nd other sum~ ot ma~r1' WYable by virtue ot eaid promis~ory note and thi~ desd. or either. _
P~'o~Y ~ the d~ys rospectivetY the same srverallY beoomss due_
` 1 bl To permit, eommit or suffer no waste and W maincain the itnpro~ emenb at atl times in a state of good repair and coodition: and to do w permif to be o
~ done to said premixs nothing thal will aher or change the iiae and clurader ot said property or in any avsy impair or weaicen the aecurity of this ;
~ mortg~ge. Aad in ca~e of the rehual. neglect or inability of the Mortgagor to repair and maiatain said property. the ~lortgagee m~y. at hi~ option. make ~
~ wch rep~in or awe the name w be awde. aod advance moasya in tlut behalf. - i
Icl To pay ~ll and singuLr t6e taus. asxssments. kviee. liabilitiee. aad obligatione of evay nsture oa said deeuibed property e~eh and every whea due `
u~d pq~ble ~eoording to law. bcfore they beoome del'uqueot. a~ to ddiver to ths Mortgegee on or betore March lbth of eac6 year ta: reoeip~+ t
~6 ~ P~Y~t of all I~~rfi~lly impo~ed tues for t6e p~eeeding ukndv ye~r: w idemnify the Mortgagee upoo hi~ deroand tor all taus. aseess
mencs and ch~rges tbat may be ~sxssed upon tAis mortgage oo the i~debted~ sec~ued hereby. and paid by the morgagee. ~vitMut reg~rd W~ny l~w
4eeewforo en~cted or he~her w be enacted imPosnB WYment o[ the s~bole or ~ny put t1?ereof upon the :1latgagee.
Idl To pay dl ~nd singuLr the costs, charges and eipeaxs. iocluding lanryers' [eea and abstract oosta reasooably imvrred or p~id at wy time by the
Mortgagee bea~ue of the failure an the p~rt d tde Mortgagor W perform. oomP1Y with and abide by esch ~nd every the atipulations. agreen~?ts. ~
oonditiau and tmYnants of a~id promis~Y note aad thi~ deed. or either. and every wch paymeat shall bear inte~e~f. from date at the rate of ten I 10y61 ~
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Ie1 It ia further covenental and a8*eed by ~aid P~rties chat in t6e eveat ot ~ suit being imtituted w forecbee this mortg~ge. the Mortgagee sha11 be !
eatitled W~pply ~t ~ay time pending such torrclosure suit to the oourt luving jariediction thereof tor the appointmmt of a receive~ o! all and singul~r tLe f
~B~6~ P?~tY• ~nd of atl ~mta. incomes. Pr~t~. is~ea and re~~enua thereof. from wtwuoever aouroe derived: and thereupoa it is 6ereby e:pre~ely ;
cocaunted and ~geed that the Court shap forthwith ~ppoinL sucA reoeiver with the usual powaa and dutiee ot reoeiven in like uxs: and aaid ~ppoint- ~
ment ahall be cnade by t6e eaut ~e ~ m~tser ot atrid »ght to the Matgagee. and wit6out re[vence w t6e adequacy or inadequ~ey of tbe vah~e ot t6e pro- 3
n ;
P~Y ~Y ~B~B'~ or W the aoivency or ineolveacy of tbe Mortaagora w~ny other party defeodant to such wi~ 71x Natgagor herebY speei6
ia0y waivea the right to object w t6e appointmsit of ~ reoeiver as atoreaaid aad hriebY uP~Y aonsents th~t sue6 ~ppoint,ment ~h~ll be m~ds as an ~
admitted equity and aa ~ metter of abaolute right w the Mortgagee and t1~at the xme may be done without ~tice W tl?e Mortg~gor. 1
Itl It torecloeurc proceedings suoald be instituted ag~inst t6e P*~P~Y coveied by thu matgage upon any othe~ lien or cLim whether alleged W be
~ superior or junior to the lien ot tltiw mortgage. the Mortgagee may at 6is oQtion immedistely upon inetitutioa ot suc6 soit or during the pendmey the*eot
- dec4re thi~ mortgage end ?he indebtedness aecwed hereby due and paYable forthxit6 and may ~t ita option prooeed w forodoee tbis mortB~Sr- :
~ 1 g1 That the Mortgagor will Iceep all eeal and penon~l property now or here~fter encvmbered by the liea ot thia mortg~ge insured u m~y bs tequirod [rom '
time to time by the Mortgagee ag~in~t lo~ by Rre. wrindetorm ~nd other hasuds. casualties +u?d cooting~ tar such pviods ~nd for noR les~ t}un 1
~ such aawuate as msy be required by the Mortgsaee and to paY Proa?Ptl) w'hm due all premium~ for such inaunnce.'Rie amounts ot insur~noe required
by tAe Morga~ee ~hall be the minimum amounts for which ~id iroura~rce shaU be written and it sh~l! be irnwnbmt upon t6e Nortgsgor w maint+in soch
additan~l insunnce as may be neeessvy to o~eet and oomplY fiil1Y with all ao-in~ur~nce requiranei?ts ao+Kained ia said polides w the end th~t tbe aaid
Mortgagor is oot a oo-iasuror thereunder. Insur~nce ~haU be writta~ by ~ company ar oompanie+ approved or design~ted by the Mortgagee ~nd all pdi-
cies ~nd renernls thaeo( ahail be held by the Mortgagee_ All detaikd desig~u:ioa+ by the Mortgagor w6ich ~re aceepted by the Mortgagee and a11 a~
ments between 111ortgagor and Mortgagee rdating w irovrance. oow e:isting or Mreafter nude. ~6ail be in xritiag aad ~6ai1 be a part of this mortB+~6~
agreemera ~s fdly ~a thoug6 set forth verb~tim he~ein ~nd sh~ll govrrn bot1~ partie.+ hereto and tbeir wooeseoro and as~igns. No 6ea upon aoy of s~id
policies of insurance cx upon any re(und or returo premium wlnch may be p~y~ble on the camUation or terminstion t6ereoi. ahsll be given W othri thaa
- the afatgagee. e:cept bY Proper endorsement affized W suc6 poli~y and ~pproved by Mortgagee. Each policy oi imur~nca s1LU h~ve af5ud tbseto a
Stand~rd tiew Y« k Mortga~ee Asuse without Contribution. malcing ~U loaa or loc~xs under such poticy psY~bk to ths Moctg~~se as its intasst m~y ~P
pear. In the evera any eum or auma of aaoey become payabls t6a~eunJer tbe Mortg~gee sh~ll have the option w recdw ~nd ~p~ply the aame on ~caouot
ot the indebtedness hereby xcured. or w permit the Mortgngor to receive ~nd use it. or ~ny p~rt thereof. wielaut tAereby waiving or impairin~ anY MW'
ti. lien. or rigfit unde~ and b~ virtue of tha matg~ge. In eveot of loss or Qhysiul damugo to the mortg~ged propsitY ths Mort~a~ot sh~ll aIw imtnsdiau
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