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f'Rt)\'IDEI1. :1l_NAYS. ~ha~ ~f tht \k+rtg~gut ~hall pa~ unto the \brtgagra the ~ndtbted~r~s rv~J~ncad b~ a
~t~ta~n pn~ni~surc note ~+f wh~ch the follow~og ~n w~~rds and (~~ures ~s a true copy ta-w~t
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S 1_ 0~0:00 _ E~-r Pi Pr~p~ h~~~~~1~ December 14,,._ t~? 74__
F~~R vA1.l~F: KFCF.~~'E:u WE, jointly and sev_erallv, ~om~x
tu thr urdrr uf HERBERT H__.~STERNLIEB _
thr principal .um of ONE THOUSAND FIFTY eRd 110 10~------------- I~I.LARS, togethe~ with intrrr•1
thrreon f~um Jate at the ratr uf trn pen~~nt. F?er a~num until maturity, buth principai a~id iutrrcst brir?g payabie in lawiul monr~ ui -
~h~• l nitrd ~tatr. at '~'.'.~1 lii.~•ayne I3hJ., Viami, Flo~ida, ur ~t wch uther placc a.: the hulden hereo( may dexigoate in writio~.
I'ri~~rip+t anJ inter~.t ~?ayable in in•talln~rot+ a.• fulluwr: .
THIRTY ($30.00) DOI:LARS per month beginning on the 1Sth day of
February, 1975, and continuing on the~l5th day of each and every
monCh thereafter until paid in full. .
This note~ay be prepaid in whole or in part after one year (rom the date heceof upon payment o[ a penalty equivalent j
~ tu ri~l?t prrcrnt ~~f Ihr priiu•ipal •um prc~wid. *
F:ach i~z~tallmrn! paymrn! ~l~all tK rrrditrd f:rst an the interest due, and thr rrmaind~r ~n princi~wl; and interel:t shall thrn•- '
uEK?n ~•ea~• upun the principal W, rrrdited. ~
Tl~r mak~n and rndursrn u( this not~ further agree to waive demand, notice of nun-Payment and prot~t, and in the event wit ~
,h~ll br bruught !ur thr ~•olleetiun hrreu(. or thr ~ame has io be collected upon ders~and o[ an attornry, to pay reasonablr s!larne)'~ i
t~~~~ fur making wch cullrctiun. '
1)rfern•d payment~ herrunder ~hall bear i~terr.t at the nte of te~ percent per annum fmm maturity until paid.
"Il~i• notr i.~ secured by a mortgag~ of even date h~rewith and is to be construed and enforced according ta the laws of the
~t~ r of Flurida; upon drfault in th~ payment of.principal andlor interesl when due, the whde sum o( principal and int~rrst
n•m•riuing unpaid .hatl, at th~ option of !hr holders, 6ccome immediately due and payable.
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-S aC-~G17 ~ (~£AL)
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-s ~J' L CL L~ G~~ (tiEAL)
~~wr~d by ~pKler & Tmdrich, Altorneys - 2Yd0 Biseayne Blvd., Miama Flatida ~ ~ '
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~rKl shall perform, axnP~Y w'~lh and abide by each and every the stipuiations. agceemen~s, cunciiiie,ns arw wYr
nants of said promissory nate and of this dced, then this deed and the estate thereby created shall cease and be
null and void. .
1. The Mon6agor hereby covenants and agrees: _
(a) To p~y all and ~~nia~ar the D~~^aD~~ ~nterest and other swas of money payabte by victue ot sud prao~sso~y note and th~s #
deed. or either. praaptly oe the daYs respectively the same severally becoaes due.
(b) To permit, comm~t or sulfer no ~raste a~d to ma~ntam tAe ~mprovehienlsvt all he~es in a state o( ~ood repair snd co~?d~tion, and to
do a pens~~ to be done to ssid prem~ses noth~n~ that w~ll alter or cAanse 16e use aod ch~racter of said propc~ty or in aey way ~spa~r or
reaken the secwity of ~his o~o~tpse. And in case of the retusal, ne~lect or ~nab~lity o( the Mort~a6or to repair ar.d mainta~n s~id poper- j
~y, ~he I~lortpicc maY. at his opuon. make such repa~rs a cause the same to be msde, aad advance mooeys in that.beh~lt. . ~
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` (c) To paY all and s~n~ular the taxes, assessments, levies, liab~lities, and oblipt?ons o( every asture on said descnbed property each ~
~ and every rhen due and payable accad~ns to lar, betore the~ become delinQuent, aad to deliver to tAe dlortaasee on a befae March ~
! ISth ot each year taa receipts evidencm6 the payment o( a11 lawfully ~mposed taaes for the precedins calendar year, to ~ndemndy the ~
Matsa~ee upon his demand for all tsaes, a.ses~ments and characs that may be assessed upon this mortea~e on the indebtedness ;
cured hereby, and paid by the mat6a6ee, r~thout ceaard to sny law heretotae enacted or herutter to be enacted ~mposm~ payment o: :
the whole o~ any ~art thereot upoo the hlortsaaee.
(dl To pay all and s~nsular the costs, charses and expenses, ~nclud~o~ Isvyers' (ees and apstract costs reasmably ~ncuned nr pa~d s~
any ume by the A1a16a6ee because of the (nlure oo the part ot tAe Alort~a6or to pertorm, eomply ~ri~h aad ab~de by eac6 and tvery the
supulat~ons, asreements, conduions and covenants o( sa~d promissory note and th~s deed. o~ either, and every such~payment shall bear
mterest troa~ date at the nte ot ten UOL) per centum per annum.
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(e) It ii Grtha co~eaa.~:_3 ~nd asreed by said p~rtiei ~hat in the eveet ot a snit bein~ iastit~ted to toreclose tbia matp~e. tbe Mori- ~
ptee sb~ll be estitled to ~pplr ~t anr tiee peadins suc6 toreclosure seit to t?e COYft ~1IlOj JIIfIfdlCtl00 llltflOf ~Of tbt ~~OIAt~tAt
ot ~~eeeiver of dl and sin~olu We ~«~a~ed prooenr. and of ~II rents. iscowes. pr~ts. iasuea asd rereeYes tAered. f~o~ ~rAatsoe•er ~
souree derived: ~nd thereupou it is Acrcby eapraasly covesanted sad ~treed tbai t6e Ca~rt s6a11 tortA~it6 a0poiet socA receire~ ~rid~
t6e nswl porer~ aed dutia of receirers in like eues: ~ed s~id •~oiatsent s6a11 be ~de by Me cart ~s a atut ot striet ri~At to •
Uu Yortsa~ee, aad ~ithout reference ~o the ~deqwcy or insdequacy of- tAe •al~e ot iYe propeny 6ereb~ ~cp~ed. a to the solreacr
or insol~eacy d the Yort~a~oa or ~ay ot6ec y~rty defcodant to sueb suit. T6e MorWia~ Aereby soecitic~llr ~~ives tMe ri~bt to objec~
to the ~ppoiatsent of a receiver as ~forosaid and herebr eipressbr canseets that sucA ~~oiatseat shall be ~de ~s an ad~itted eqa~ty i
•ad as ~ s~tter ot ~baolute ritht W 16e Matpiee aed th~t tbe aae~e o~r be dowe ~ritbont aotice to We Mo~t{asor. ~
(f1 It (oreclosure proeesdiep ahould pe iastituted ~s~iast ths prooettf covered br Wia ~o~tpte Yyoe anr od~er liea or claus .AetKer
~flesed to be superior oc juniat W We liea ot Ueia ~otWte. the ~IorWKe mr at his oPCim irsdiatelr npon iastitutim of sush suit
or duria~ tbe peodeacy t6ereof deelare t6is sortpae aad tbe iadebtedncss secured haebr due and wy~ble forthrith aad auy at its "
optioa proceed to fareelose this ~at~~~e.
~ Th~t the Mortp~ar ~ill teep all re~l ~ed persoaal p~ooerty aow ar 6ereatter cacuspered by t6e liea ot tMis ~t~s~e iasured ss say
~ pe reqnired fro~ ti~e W tise by tLe Mottaa~te ~pinst loss br fre. ~riadstars and other hasuds. caswlties uW coetia~eecies for snch
~ periods ~ad [ar aot leaa than ~uch amouats aa yy be required by the Mortiaaee aad to p~r prosatr wbca dre all prea~uws for sncA
insunoce. The aso~nta ot ie~~r~ace required er tAe ~1ott~asce sh~ll be t6e iaieiw~ aeorets ta r6icA s~id iaaYrance shal) be ~ritta~
sad it sh~ll be iecwibent oooa d~e Mort{~~a to ~aietaia sneh addition~l iwunsce u eur be necessur to ~eet and cowplr fully ritA
dl co-iaswsnee req~ire~eats eoauieed in s~id policies to the esd tlut d~e said IAortp~or is sot a co-insYror thererader.InsYr~ece
sh~ll be ~ietea by ~ co~asr or copwiea ~~oved or desiseated br tbe Mort~a~ee aed all ooticies ~ad reaer~ls wereot sbsll be Actd
by ~he 11ort~asee. All de4ited desi~aatioos br tbe Moryator rl+ich ue ~ccepted br ~he Morya~ee ~ad dl yree~eets bet~seo Morttator
snd Mort~atee relatin~ to ia~uranee. no~i e~iatin~ or bere~f[er wsde. ~Y~11 be in .rrities aa/ ab~ll be ~ Pan of t?is ~ortp~e Krsewcai
u fnllr ~s tha~h set (ath verb~ti~ herein wd sAstt ~orern both ~rties hereto and tbeir snccesson ~ed uaips. No lica ~oon asr of
s~W polieies ot ini~u~aee or ~ae anp re(YSd or retwn ~e~iu~ wAieh ay be oar~ble aa tbe eueellation er te~si~atioa tbe~eot. sball
be ~i~en to otUer than tbe Motya{ee. e:eePt br proper endorsesent s((ised w srcA ooliey and approred br Yat~set. Each oolicy of
iaannsce shall Aa~e •tfiaed thereto ~ St~aderd Ner Yort Mort~a~ee Clawe ~itYont Coavibutioe. ~akie~ ~11 loss or losscs w~de~ such
« Politr p~p~ble to tAe Mortpsee as ib iotere~t s~r ~p0eu. !A tbe ersnt anr sw~ ot sw~s ot ~oner beca~e ar~ble Wtrcunder tht ~lwt-
• ~asee sA~ll have tAe option to recei~e ~nd aoply tbe sa~e oe ~ccoYnt ot t6e iadebtedwess Aercbr secrred. a'to oen~it. the Nwt~aRm
tw receire ~ed use it. o~ sar psrt thereof, witbout Werebr ~~ivia{ or iiaPairin~ .ny ew~~y, lita. a ri{Mt w~der and by ~~rtue o( th~.
a~ort~a~e. In eveet of loas o? ohysical daaa~e ~o ~.«~sasea aove.er ae ~«epaa sMall ~ive iwed~~te aouce tAercof by ma~l
Ihe AAart~~~te and the AAort{a~et msy ~ake proof o( tosx i( the sse~e ~s nol made pruap~ly br the ~lortaasor. In erent of (ore~l~•evt o(
, go~~ 234 P,~,k 2343 ~ ~
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