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f'ROYIpt:n. .1l.wAYS, that lhc ~1ur~ga`ot shatl pa~• unt~~ the \brtbasra lhe i~xlobttdncsa rvidrnccd hy a
~trla~n ptan~~~~~ry r.~~lr ~~f wh~ch the fallowma ie wurds and f~`ures ~s s ttut cc~py to-w~t
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s 2, 775.00 Fo_ rt a~~rce, September 7, 74
PORVALUERECEIVED_ WE, iointlJ and severally, promi~etopay
to ehe orde~ o( ~ B_ STERLIN(~ and Rj~~1~ '
the principal w~n oiTW9 THOUSAND SEVEN NIJNDRED SEVENTY-F an . , toaelhtr with ioteresl
thereon Irom date at the nte o[ tea perceet, pu aenum u~til maturiry. both principal aod intetcst bein~ psy~dk i~ lawful moner o(
the United ~tates at 2244 Bi~cayne Blvd.. Miami, Florida. o~ at weh other plue u ttu hdders hueot may_desigoate in w~tina.
Principal and intetrat payaWe ie in~tallmenu a~ tollo.m:
SIXTY ($60.00) DOLLARS per month beginning on the lSth day of
November, 1974, and continuing on the 15th day of each and every
month thereafter until paid in full.
This note may be p~epaid in wholr, oc in pact aite~ one yeat ftom the date hereof upon payment of a penalty equivale~t
tu f~ve percent of the prineipal sum prcpaid.
E~ch in,.tallment parnient chall be credited tnt on the intereat due, and the nmainde~ on printipal; and interr.t :hall t6rrr-
upon ~eue upun the prineipal so cndited.
The makc~s snd e~donets of thit note further aEree to w~ive demand, notice of nun-paymcnt and protest, and in thr eveot wit
.iull be brought tor the cdlection heteof, or the same !~u to be collected upon demand ot an attorney. to pay reasonable attorncy's
frr. for making such collection.
DefeRed payments heteunder sh~A beu intetest at the rate oE ten percent pet aanum from maturity until paid.
7~hia note ia ~ecueed bp a nno~ge of even date herewith and 'u to be can~trued and enforced aeco~ding to the laws ot the
~~tate ot Fl~xida; upon default in lhepa
rmcnt of principd and(ot intuat when due. the whde~aum of principal and inteted
erm~inin` unpaid ~ha11. at the optioe of ehe holdt~s, beeome immedia 1~ e d pirable.
~ s-j~--.;-.r (SEAL)
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ar~J ~hall per[orm, comP~Y w~th and abide by each and evecy the stipulations, agteements, conditions and cove-
nants of said ptomissoty nute and of this deed, then this deed and the estate therebv created shall cease and be ~
null and void. _ ~
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1. The Mortaagor hereby covenants and agrees:
(a) To paY '~p~°~~< <he D~~nc~pat and ~nteresl and other sum.c of ooneY paY~ble by vi~tue c~ sa~d promissory note and th~s
deed, a either, pramp~~Y ~ ~bt dsys tespecuYely tAe same severally becoe~es dut.
(b) To perm~t. cosm~t o~ sutfer no raste a~d to ma~ma~n the ~mprorements at all tie~es in a stste of aood repa~r snd cond~um. and to ~
do or permit to be done to ss~d prem~sea noth~n~ that ~r~ll alter or cAan~e tAe use and charaeter of said property or ~n any rar iaspa~r or ;
reaken the securitY ot tAis mortpte. ~nd m case ot the retusal, ne~lect or inab~Gty ot the Irlortptor ~o repair srd ~amuin sud proper- i
ty, tAe Nat~a~ee may. at his opuoa. make such repa~rs or cause the same to be made. and adrance r~oaeys ~a thst beh~l(.
(c) To paY all and ~~nsulu the taies, sssessments, le.~ea. I~ab~l~ues, and obli~auons of every nature on said descnped property eacA
and evetr ~hen due and psY~ble accord~na to lss, befae they become deliaquent, and to del~~er to the Mort~aaee on or before Yarch
lSth of eaeh year ~aa receiptc evidenc~n6 the paY~~nt ot all IaWtullr ~mposed taaes [or the precedina calendar year; to ~ndemmty the
Mort~s~ee upon his dcm~nd for all taaes. a.sescments aM chsrscs that o~aY be assesscd upon ihis mort~a~e on the~ estead'~e~en~ ot -
cured 1+ereby, and pa~d br ~~r mortaa6«. ~~~hou~ ~e6ard to any la~r hereta(ae enacted or hetesfter to be eaacted i~
the rhole a any rort t6ereot upon the At~rt6~6«-
id) To psy all and ~~nsular tMe costc, charses and e:peRSes, includ~os la.rers' (ees and abstract costs reasonably incuned nr paid at ~
aoy ~ime br the Matsaaee because o( the ta~lure o~ tAe part of the Mortp~or to perform. coaiply rr~th and ab~de by tac6 and every the ~
sa~w~at~ons, sueements, cond~t~ons and covenants ot sa~d pranisso~y note and t6is deed, or either, and every such'paya~eet shall bear
~nttrest ftoo dale at the tate of ten I IG"s) per cen[um ver annum.
(e) It is tartbet corens~_:= aad ~Veed by said p~rties lblt IA tllt trtOl O~ a iYll bClllj ~11llItYltA t0 ~OfCCIOf! iL~f ~1O1i~~jt• t6e Mort_ -
NiK ~11 be tatitkd w~pplr at se7~ ti~e peudin~ sucb toreelosare sait to t6e coutt 6a.is~ jurisdictim We~eot fa the apooiot~eot
of ~ recei~a of dl ~ad sia~nlu tAe ~t~~acd Vrooetty. sad ot ~11 reets. iecoses. pr~ta. iisrea ~sd reveaYCS H~ereof. [ro~ .hatsoever
sauce :e~i~ed: ~sd tderenpoa it is Aerebr eapressl7l coreaaeteA aed ~~reed tY~t t6e Caut s6a11 torth~iW ahoiet sacA receire~ ~itA
the eswl ~ers aod dutiu o( receirers in lite cue~: aad a~id ~~oiatwcat s6s11 be ~ade pr ~6e cart ~s ~~atttr ot strie~ ti~6t to
We No~tp~ee. aad ~ritlwrt re(erence ~o the ~deqwel a uudeqwcr of We ralns ot tbe Osopetty Ue~eby ~at{~led. a to tAe sol~escr
or iesol~s~clr ot tAe YorWtas a ~ar otber y~r~r de(end~et to ancA sni4 Tbe 1Aotti~tor hereby s0eci(ic~llr ~ai~es ~be ti~bt to object
to t6e apooiet~eat of ~ receiver u dorea~id ~nd berebr ea~esshr coeaeau tYat sncA ~opoist~e~l a~all be ~sde ~s a~ a~itted eauity
and ~s ~ ~tter o( ~bsolute ri~ht co tAe Mortp~ee ~ad that tbe sue Mr be doae vi~boet sotice w t6e MorWtor.
(f) If fareciosure ~ocesdis{s ahoYld be iasti~~ted a~~iwt tbe Orooertr eortred br this ~ottµte ~Poe s~r Whet liea or claia vhetLer
alle~ei to be srperior o~ jwior to the liee d thia ~ortsate. We IAortta~ee M7r at 6is oPtioa i~oedi~telr roon iastitutim o! such srit
or dwiat the peedeoclr tYereot dtel~re this worti~te ~ed the iadcbtedaess sec~ed 6aebr dre .~w o.r•e~~ ra~.~cn ~^d ~+r at its
oqioe ~oceed to foreclo~e this ~taate-
(v TL~t the Yottaa~or ~i{I tteP all real and persoaal prooertr so~ a 6ueatter eacu~bered br tbe liea ot tl~is ~t~ase i~u~eA ~s ssr
bt reqYited ita~ ti~e to tise Sy ~At Mortisiet ~inat Iws br fite. ~indston ~nd other h~sards. c~swl~ies and caatie~eacies for sach
penods ~nd tor aot leas tbaa sacb ~~oonis_u Mf be required br [he Mort{a~ee .oa ~o p.r v~aa~r •uen aYe .n r« .~s
insw~aee. 71e uo~nts o( iYrnsce reqwred br t!e Mort~~Lee s~all be tbe wiw~ a~ar~ts for ~Sicb ssid iwYnwce sA~ll be +n~ttee
aad it s6~11 bc iocw~beat apo~ t6e 1lortiaior to M~a:~ s.ct~ .aa~uon•~ ~ps~r.s~e .sr be aec~::.rr ~o .ee~ .ea ~a.a~r to~~r
all co-issuruxe requiteients coat~iaed in s~id poli:ies to the eod Wat We s~id NottNSor is not ~ co-insuro~ ~etew~det.lnsur~uce
s6a11 be vrittes br ~ co~a~y or co~Omiea ~~ored or desi~eaeea by tbe Mart~a~ee snd ~11 oolicies ~ad re~s.~ls ~bercot sAall be ?eld
b~r ths Nort~ee. All detailed desi=oations br t6e Matt~tot ~rAicb ~re acceottd by tYe Mort~aste asd ail yreeseets betaees Mortiato~
sad Kort~a~se rel~tias to insYnsce. ao~i czistia~ a~ 6erc~(ter ade, sYall be in +ritias aad sbNl be ~ Put of ~his ~artp~e s~ree~co~
r.ur r«~e ~erbati~ ltrcio asd sh~l) ~oren~ bolb ~rties 6ereW awd tMeir soccessots sad uiips. No lies ~pow ..r ~
aa{/ oolicies ot iasur~ece or roos aA1 retmd o~ reenro Ott~iw~ ~rYies sa7 ee W1~ble ao We c~aetllatioa ar tet~is~tios tbetto(. sY~ll
be ~i~ea to otber tAa~ tse Yott{~~ee. eacept br otoqet endo~sc~ewt affisN W arch ooliey and ~~o~ed br Mort~a~cc. Each oolicr of
isarru~ee ~ba~~ Iwve ~tfiaed tbereto ~ Suadard Ncr Yort 61ort{a~ee Cl~we ~ithort Coettibutio~. ~utin~ ~11 loss a losses w~dcr srct
policy arible to tbe Mortp~ee ~s its iatuest iuy ~~eu. Is tLe e~e~t anr an~ a s~s o( ~osey beca~e ~lr~ble thc~eunder ~he Uort_ 1
psee slwlt Aa~e tbe oytiou to recci•e •nd sophr t1~e sue oe accowu o( t6e indebtedaess lcabr secured. u< <o peroit ibe ~Nx~~sRo-
to rtcei~e ~uA nse it, a.er o.« d~ereot. withont Werebr raivu{ ar iwPairin~ .er ew~~r. lita. or ri{ht w~der and ey v~riue ot ih~.
worya~e. Is e~eat of Iws or ~rsic~l da~s~e to tke ~e~a~ed propertr ~e Mort~a~or shall ~ire i~wedi~te notice thereof by ma~I
tAe A1o~tp~ee and ~Ae Mortp~ee aar aiake proot ot loss ~f ~he s~a~e is not ayde p~owytly by tht UAott{a{ot. In cven~ d!ote~lo.Yre of
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