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PRAVIDHf1, ALwAYS, that if the \1ort~egor shall pay unto the Nort~a~ee the ~ndebtedness ev~~lencrd hy a
certain pran~ssory note of which the followir~g in wo~ds a~d fituros ~s a true copy to-wit~ •
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~ __4~975.00--- F~P::~ c~. ~~~„~~~~a ~----AP~iI -1~~------ 75_ ,
Fllli~'~\LIF:Rh:CN:I~'h:i)- I__------------.-~- ----------P~umi~rt~~E~ar~
t~~ tlu• ~~rd~•r _KENNETH NADEL - /
~I~~• ~~r~~„~~~~~I ~,i _ FOLIR_ THOUSAND VNINE HUNDr.. U_SEVEI~TY-~'YVE_ _an~(i~~~1O(I~~~,~, th~•r N~th ~~~t~•r.•~t
thrn•„n f~um dalr at thr r~t~• uf lrn Fu•rr~•ut, prr annu~n w~til matunty, buth princi~,al and i~itrrc:t L~•i~i~; pa~abl~• 111 (:IN~U) IIIUII~•~ ul
thr l nitrd ~tatr, al ~ 1 Ki~~•a~ nc 13h d.. \lia~ni. F~lurida, ur a1 :u~•h ul6~~r placr a, tl~r huWcn h~•rcuf ma}' (il'>I~,IIJ~I• in NllUtl~~f,.
I'rinri~~al and intrn•~l ~~:1)'a~lle 111 Il~•tallntrnl+ a. ~ullu~.::
ONE HUNDRED FIFTEEN ($115.00) DOLLARS per month beginning on the lSth ~
day of June, 1975, and continuing on the 15th daji of each and every
month thereafter until paid in full.
~ Th~s nute may he prepa~d in ~~hole or ~n part aftet one ~~ea: from the date hereuf upon payment ~~f a prnatty eyu~valen
tu ri;:h~ ~~rrrr~it ul lhr ~~rin~ iE~al ~utti ~~rr~~.ud
j I•:arh ~n>tallmrnt pa~ nirnt -h:~ll br ~-n .l:trJ lir>t ~~n ihr interr-t doc, and th~• rrmaiuJ~•r un prinri~~al: :~nd intrrr~t ~hall thrrr- ,
I uE~un ~•ra~r upun th~• Pnm•~pal ~u ~•n•dit~•d. . . 3
Thr makrr~ and r~~d~,r~rr~ ul thi~ nulr furthrf Jr~YP Iu M81~~• II~•Illdhll. u~~l~c~• U~ OUII•~Id~'t711'f1I JIIII `I(U(~'nt. and in thr ~•~.•nt ~u~t I
I ~h.~ll bruu~ht [ur thr ~•uU~•~•t~un lirn•uL ur lh~• •a~ne ha, tu br cull~•ctc•d upun d~•mand ul an atlurncy, tu ~?ay rrawnaLlr atturn~•~ , S
1~•~•• tur wakiuR ~w•h ~•ullr~•Uun. ~ ;
~ I)rf~rrrd pa~ mrnt~ hrn•und~•r ~6all hrar ~nt~•rr.t al lh~• ~atr uf tcn prre~•nt pe•r annum frun~ n?aturih• until paid. ~j
~ Tl~i. outr i• ~r~•ureJ by ~ murl~aR~ uf rven datr. hrr~w•ith and i~ to I~r ~•on.tni~•d and en(urceJ a~•eurdin~ tu tlir law. ~~f thr 3
~tatr nf Florida; upnn drfault in thr pa}•mrnt uf prin~•ipa) and~ur intcr~~t w•hrn due, thr wliole wrn of princ~pal •rnd inlrr~~t ~ ;
; ~•in~~uinK unprid ~hall. at thr uptiun uf thr huldFn. t,ecome immediately du~ and payable.
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Yrrp~rrd h~ ~pKttr d fendn~h. Atlnrn~y• -'.'.:.-30 Ri.rayn~ Blyd.. ~lum~. Fl~xida I .
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~r~d ahall perform, cumply w~~th and abide by each and every the st~pulation~, agreements, conditions and cove-
nants of said promissory m~te and of this deed, then this deed and the estate thereby created shall cease and bc
null and void.
1. The Mottgagor hereby covenants and agrees-
(a) To pay all and c~ndular the pr~nc~pal and ~nterest and other sumc of money payable by virtue of sa~d prom~ssorY note and th~c
deed, a e~lher, pranptly on the days respectively the same severally ~ecwnes due.
lb1 To permrt, cam~~t ur su((er no raste avd to mam~a~n the ~mprorements at ail umes ~n a state of sood tepair and cond~uon, and to
; do w pcrm~t w be done to sa~d prem~ses nothin~ ~hat +•~11 alter or chan~e the use and character of sa~d property or m any vray impaa or
Yeaken the security oi th~s mort~a~e. And ~n case of the retusal, ne~iec~ o~ ~nab~lity ot the Mortpsor to repair ar.d mainu~n sa~d proper-
ty, ~he Mort~a6ee mav, at h~s op~~on, make sucA repaus or cau~e the same to be made, and advance moneys in that behalf.
~ (c1 To pay all a~d ~~n~ular the uaec, assessments, lev~es, liab~l~ties, and oblipuons of every eature on said desctibed property each
~ and evcry ~hen due and payable accord~ns to la~, betore they become delinquent, and to delirer to tAe MorttaEee on or be(ore March
~ IS~h of each year taa receipt~ er~dencm6 Ihe payment ot all !aW(ully ~mposed taats (or the precedm6 ealendat year; to mdemndy the
~ Atat~asee upon h~s demand tor all uaes, a.sescmen~s am1 char~es that may be assessed upon th~s mert6a`e on the indebtedness
~ cured hereby, and pa~d by the mort6asee, ~~tAout reaard to any la~r heretofae enacted or here~(ter co ~e enacted impos~n~ nayment o:
s ~ht whole or any ~art thereo( upon the Mor~gaaee.
i (dl To pay all and sinaular the costc, char`cc and expen~ec, ~nclud~ns la~ryers' fees and abstract costs teasonably incurted ~r pa~d at
~ any umr by ~he MatEaEec becau.e o( Ihc fa~lure on the part ot the Mor~~a~or to perform, canply w~th and ab~de by each snd every the
° .~ipul.~~ons, a6reements, cond~uons and covenants of said pramssory note and th~s deed, or either, and every sucA'payment shall Ix~r
~ intrrest (~om date at the n~e of ten UO°6) per centum per annum.
~ (cl It ~a fur~her corenanted ~nd aveed by ss~d part~es tha~ in the event ot a su~t De~nY inst~tu[ed to [aeclose th~s mortaase, the M«~-
~ 6a~eo shall be ent~tled to apply at any Ume pendmg such foteclosure su~t to the court havms jur~sdict~m theteof for tht appomtmem
of a rece~ver o( all and Rin6~far the mor~~a6ed property, and of all ~ents, ~ncames. profits, iasue~ and revenues ihereot, from vrhatsoever
~ .~wrce denved: and thereupon ~t ~s hereby tapresaly covenanted and a~reed that the Caurt shall fathvitA appo~nt such rece~~er Wuh
the u.ual poverc and dut~es of recervers in like cases; and said appomtment shall bt made by Ne court as a matter of strict n~ht to
~ ~h~ Alextsa~ee, and w~~hout reference the aaequacy or madequacy of the value ot the property hereby mwt~a6ed, or to ~he solvency
~ ~x ~nsolrency ot the Mortsasas or sny other party de(emiant to such suit. The Mortesaor hereby spee~(~cal{y waives tlie r~~ht to ob~ect
~o the appoimment of a rece~ver ac afaressid and hereby expressly consents that such appo~ntment shall be made as sn sdm~tted equ~ty
and as a matar o[ absolute n~h1 to the Mortp~ee and that the same may be done ~ruhout nohce to the Mortsasor.
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# If) forecloswe prxeed~n~s should be ~nst~tuted ap~n~t the property corercd by tA~s mortpse upon any other lien or cla~m rhe~her
alle6e e super~or or ~unior to the 6cn ot this mart~a~r, Ihe Aforts~~te may at h~s option immedutety upon mstitut~on o( tuch suit
~ or dunn~ t c pendency theteof declare th~s mortaase •nd the lndebtednrss secured hereby due and psyable forthWhh and may ~t,
uphon proceed to faeclose t6~s mort{a`e.
(s) That the Mat~a~or w~ll keep all real •nd personal property now~ or hereatter encumbered by ~he I~en of th~s mortea~e in~ured as may
he requ~red froe~ ume to time by the Mort~a~ee ap~nsl loss by (ire, W~mfstam and other hazards, casualt~es and conan`enc~es tur wch
'3 penads and ia not less than such amoun~s as may be requued by the Mortp~ee and to pay promptly vhen due aft premiums fa such
~ ~nsunnce. The amounta of inauraace requued by tAe Mort~s`te shall be the mie~mum amounts tor wh~ch sud ~nsur~nce shall bc rntten
and it shall be ~ncumbent upon the Mort{s~or to ma~ntain such add~UOna) ~asutance as may be nececs~ry to meet and cumply fully r~th
all cwmsurance reqwrements contamed m sa~d pol~c~es to the tod that the said Mortp6ot ~s not a camsuror thereunder.lnsurance
3 ~h~~1 be rntlen by a company a~ compan~es approred or des~~nated by the Mart~aLee and all pol~c~es and rene~rila tnereo( shaU be helJ '
~ by the Matpsee. All de4iled des~~nat~ons by ~he Matsasor which ~re accepted by the More~s{ee and all ssreements betveen Mottsa~or
~ and Mortq~ce rel~~+n6 to ~nsur~nce, now ea~sun~ or htreafur made, shall be in wntm~ and sh~ll be s put of this mortp~e a~reement
as fully ss thou~h set tath verbat~m here~n and shall ~overn both psrties hereto and the~r successors and ass~~ns. No lien upon aey of
f s~id policies ot msurance a upan any refund or rowrn prem~wn whicA may ~e p~y~ble on the canecll~tion a term~nauon thereof~ sl~11
be ~~ven to olher rAan ~he Mott{~~ee, except by proper endorsement affiaed to such pol~cy and ~ppoved by Matp~ee. Each policy o(
~ msurance shall have aff~aed thereto a Stsndsrd New Ywk Mortsa~te Cl~use v~thout Contribuuon, mak~n~ all loss or losse~ under .uch
= pol~cy payable to ~he Mort{s{ee as ~ts interest msy appear. In the erent any sum or sueas o( money becane payable Ihereunder the \1ort.
~ ga~ee chall hare ~he ophoe to rece~ve and •pply the s~me on account of ~he mdebledness hereby secured, m to perm~t tht \4nrlgaRnr
~ to rece~vt and use it, a any part thereof, wilhout thereby +~aivm~ or impainn~ any equUy, lien. or n~ht under and by vuwc of thi.
~ mcxt~ase. In event of loss w pAys~cal damase to the mort6aRed property the Mort~a6a sh~ll swe ~mmedute not~ce lhercof by rrul t~~
~hr 41.ir16a6e~ and thc Mortp~Rtt mav mak~ ptwd ot i~... ~t ~hc .amc i~ not made prumptly by tht ~lortp{or. In even~ n( ture~l~~wre ol
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