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Catl:flfl j?(~~tI11~~.N\ 1!.•lt' ~t~~~fl l~ti I,,~..•.~••tl;~ .~!~:1~ 1~`G:1!C~ t~ a ifUC ~u~l\~ t~~~wll
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~ s~t .~07~.OU _ ~ort Pi ~rce, ~a;d, Jul~ 20. t~_ 74
FOR VA U R£11' C " lnt " m e~S~ O
,
to ehe ord~~ of
the p~ncipal wm o~ $A ~ ' ~ ~ 'dn ~ Rd ~ ~ - ~ -~p1.4ARa. to6ether with ioterosl
thrreon (rom date at the nte o[ tco pr~cent, pe~ annum until m~turity, both prineipaf snd intere~t bein~ p~rable in law[ul moneq ut
~h~ linited ~tates at 22~tt Biscayne Blvd., ~t;ami, florida. ot ~t wch othet piace u the holders hercof may dai~nate in writi~.
Principal and ~ntetrst payablt in inaullments v follows:
.
EIGNTY-FIVE ($85.00) DOLLARS per month beginning on the ~Sth day of
September, 1974, and conti~uing on the lSth day of each and every
month th2reafter until paid in full.
Th~s note may bt prep~~d ~n who~e or in pact a[tet one year ftom the dat~ hereof upon payment of t penalty equivalent
t.. f~~e percent of the pnneipal sum ptepaid.
f.~ch in•talfm~nt paYment shall be credited first on the i~terest due, and the rcmainder on principai; and intrK~l•ha11 thrrr-
upon ce~e upun th~ pnncipal so credited.
Th~ makerc and ~ndorsets of this note futthe~ agree to Mr~ive d~mand, notic~ ot non-payment and pwtest, and in thr evtnt suit
.lull be druught [or the coilection hereut, w the aame haa to de tollccted upon demand of an attomey. to pay reasonabie attomey'a
irr• for makuyt auch collection.
' Def~ned payments he~eund~r ahall beu intere~t at the ~ate of ten perce~t per annum (wm maturitp undl paid.
1 hi. not~ ia recured br a mort~e o6 even date herewith and is to be conitrued 4nd enforced acco~ding to the laws of the
' ~tat~ o( Fl~x~da; upon default in the payment oE pfincipd andlo~ intaat r+hen due, the whde aum o[ p~iacipal and interest
j rrma~ninR unpaid shall, at the option oi the holders, become immediately dus and payable.
,
.
i~z.~ ~ ~=l (S~aL)
7 ~ ~ (SEI?~)
~ ~ -
t _
ar,~ shall perform, cumnl~ ~•~~h and ahi~e b~ ~a~h and r=rn the st:~ut~ti.m~, agreements, condit~ons and c~ve-
nants of ta~d pn?missury nrtt and ~~f th?s detd, thrc thi: deed and the estate thereb~ created shall cease and be
null and ~o~d.
i l. The ~lortgagor hereb>• cu~enants and aercc:
(a) To paY all snd ~~n~ular tnc N~r;~C~{ dn~ sr.~ •`:•"•r: sur^~ of mor:~> pa~ab!c t+y actue of sa~d promusorY note and th~s
i deed, or t~ther, M~P~~Y •+n the .iay~ rc~~~.:~.citi ~rr .ac,c .c~rc,:'': 'c. dur.
lbl To pe~m:t. caenmu .,r su':cr r.., .a.:r ..._.~;a•^ •-.'e,:•'.~~-n~• ~,:~mrs ~n a sta;e of good rep:u and=ond~uon. snd to
uu ot ptrm~t to t+c don~ to sa+d ;~cs.~•.-. ~..'':-c ~::a~re :F.r _ c ~^C :haractcr oi ca~d preptrty or m any vray ~mpa~r or
+~taken the st.uniy of th~~ rn0~'f:+R[_ \nG .a .e-~ '~'L..:`. ;~:d'scct o~ :c~h~7:'y ~,i the ltor:gixor to rtpau aed main[a~n said ptopet-
ty, tl~e ~fa~p(tcc mey. at h~s ep~i~•n. r:.,+cc ,.:_h rc,ou, r. :a: .e^r 'u ~c -~3c. ar.d ad~~r.ce mune>. ~n that behzlf. ~
(cl To paY all arni ccnFu{ar thc SA~C~. L~•:~•^~~~~. ...Jh:l:'"`• `:~';K":''~' z`er~ n3ture on sa~o descn~ed propetty each
~nd every ~hcn due •na pe>ehtr raerg l.+.. ~r ...c {.iinyuc~s :nc Stl~rer to the ~lortgaEee en or betore Narch
lSth ot eieh y~at t~a recc~~~. e:~den,:r.: ~hc ~a>-r..e a!: ~1'. +e~es io: ihe prcccdmR caiendar year, io ~ndemmfy the
~lartp6tt upcxi h~s dcmand ier ~ii •aac<. ,rqr~ :`a± ::a: r.= »•cs.t+: um~n :h~~ mortgase on tht endebtednecs v .
cu'ed hereby. ~nd ~a~d n•- ~~~•F:K^'. • -t •'-~i'+ '~c~.,:•~rr raa.'rd ~~r hereafter w he enacted ~+rpocm6 ~ayment o:
1ht rholt ot any ~att thcrcof upon th; t;,•::i;:c^.
(dl To pay all and ~+nEvlar 'hr ~n.->, i^,•~ec. .:-.d r~~ ^~r. -'+"R ~a•i~c•'.' a.^..! ab~ttact :octs rtasoo=b1Y ~neurred ~x 7a~d al
any nmt ~y thr tt.utga~crc be~ JU'.: '.'t :~c :r::~~c .~r. p-r' •n. 4!:•~'-~tag~+: i~~ p_:t,rm, c.xr+ply +~th and ab~de by tach and rvery the
sUnul~Ut+~s. ageeca:cnt~, .rnd~~so~. ~1e .o.c~..-;. ,_.c++.~-'~ ~,,ic a~d thi. dccd, or c~ther. a^d every suth~p~yment shall bear
~nttresi ftwn datt •1 !hc ra:c ,r, !rn 1:1: i ,r•..~- ~c. .:r^~~~ . '
(e) It is lnr~ha eo~ena. and a`reed 'oy sa~d ; ari~cs t~a~ +n chr erent ot a sn~i be~oY inst~tuted to toreclose this mort~a~e. Uie wtort- +
qsee sA~ll be eotitled to app1Y u any t~me ~ad~ng ~uch iwec;osure suit ~o tbe court havins jurudiet~on thertof for tAe appo~atmeat
of a tetti~et of ~Il and ~~n6ular tAe mort6a~ed ~ro~trty, and of ~(1 rents, incones, profits, ~ssues and rerenues theteo~, ftos shatsoe~er
mo '
sauce derired; and U~ereupon ~t is hercby eapcessly ccyen~nted and •~reed ihat the Caurt shail fortAr~tA ~ppoiet socb reeeivsr r~th
tbe nsu~l pa~ers ~nA dut~es ot ~receirers in like caees: sod ~a~d ap~o~ntment sh~11 be made by the cowt as a eattet of striet ri~t to ~
~h~ ?~orl~a~ee, and ~~thout re(erence to thc adeq~ecy or ~nadcyuacY ot tl~c ralue ol the property herebr mat~a{ed. or to the soivency ,
or iasoheney o( the hkKt~a~ots or any other par~y defcndant :o su:h suit. The ~In:t~~~w hereby spec~(~c~!ly faires tht r~sht to objeet
lo the •ppoiatarcnt of a teceiver s~ aforesaid and he:ehy ~xpr~ssl~ consents that suzh •ppo~ntment sh~ll be made as an admitted equ~ty
and ~s a nutttr o( absolute n`ht to the ~IertaaEer and !~a~ the sa^c may be doee r•ithout notict to the ~4utsa~ot.
(f) (f foteclosutt procetd~n{s should Oe mstrtuied +ja~r.st th~ propcriy c~vered by th~s mortsast upon ~ny other litn or claim rhelhet
alle~ed to be supenot at ~unior ao the hen o( :hes morc;~ge, :~e ldortta~ce maY ~~'+~s ophot~ smmediately upon mstiWUOn of suth suit
or dw~ns tAe pendeney tl~eteof de:lare th~s mort;a{e snd tht ~ndeEtcLr.~ss secured hereby dut and p~yable torth~rilh and maY ~t ~ts
oplioa proceed Io torecloae t6is mor~~ase.
Th~t t6e INortpsot ~ill keep sll rea: •nC perscnat prope:ty nov x htruTter encutabered by tht flen o( this raotl~sj~ ~nsurcd as may
be tepuired troa uwr to tieac by the Mor'a+b'e aa~~nat {oss by firc, w:rtd+~orm and ot!~t• ~azards, c~sualtus ~nd cont~n{enr~es fw such
penads aed iot not Itst th~n ~uch amour,~s as may bc reQu~red by ~he 6fortsaiee and to pay promptly when dut aH prem~ua?s for sueh
~nsuranee. Tbe amounts of ~asuaence requircd by iAe .V.uri~~gec sh~ll oc .he m~mmum ~mount~ for wh~cA sa~d ~nsuraace shaH be vrrdten
aad it shall be ~ncumbent upon the Mo~tsa~tor to ma~nqin such add:umal insur~r.ce •s m~Y br necessary to a~eet and caaply fullr ~rith
dl eo-iinw~nee requireaients contamed ~r, sa~d pol~nes to the er.d [ha~ the sasd Atort6asa ~s not a co-insura eherew~der.lnsrnnce
sball be rtitten by s coap~ny a comD~^~es app~otied os dcs~;natcc' by !hc lNortsa~te and all polic~es a~ rsne~~is thereof sAafl be held
br tbe Maripsee. Alt deta~tcd des~`nat~ons ~y tht ~torteagor whsch are accepted by use \lort~asec and a11 aaretsents bet~een Mortpsor
aad Mor4~iet rel~tm~ to m3ur~ncc, nor czuii^s or !sr.esftc~ mar_. shai! be rnunj •nd shall be a p~rt of this mortp~e a~reeaeat _
u frllr aa Ihwih set torth verb~t~ui hcrein and sha1l ~o+un tro:h pa~ues hereto and thesr s~ccessors and assi~ns. No I~en up~ra ::.s^ af
s~id oolieies of ~nswance or upao any re(und nr return prem~un .h~cA isay be pay~ble on thr c~ncell~tion ar tene~nation theteot, shall
bt {iren to other tAm tAe ?~ort~a~ce. ex«pi bY D-vD« <~d~'senenc atf:acd to sueR pol~cy aad ~pprored br Morts~~et. EacA poltcy of
~as~r~oee ~Asll Mvt :(fixed thereto s St~ndard !Ie+r Yert ~1ort6a,~ee Clsuse v~thout Contnbut~on, mak~ns all los~ or losses under .,uch
oolier ~ysble to the Mort~a~ee as ~ts ~nterest ma~ sppe~r. In the event any swn or sums of money becaae paysbie thereunder the ~fort-
p~et shall Asvt U+t opt~on lo rcce~~e and •ppty- tht same on account of the indebtcdness Aertby secured, or to perm~t ~hf`1MxtEaEor
to rteei~s ~-1+wC it. or artY part thcrcot, +~tAout ~hcreby rs~v~ns or ~mpeinns any eau~ty, (un, at n~ht under and by v~ttue of th~.
a~ottsa~t, ln event of loss w phYs~~a! dsm~Et to :he mortgapc~ ~o~crty !)!e ~4orl~aRa s~~l) 6~~e ~mmed~att not~ce ~herc.r( by rt:a~l t.~
Iht Murlsa~te ~rn1 the ~kx~R~set may makc i~ti=' ~anc .^.a! madc 0<<,*~erly by ~he ~lortaa{a. In event ~d ture~ln.utt o(
£ORK ~.J~ r'A~;E
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