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PROVlDEI~, ALwAYS. that if the Mortta~or shatl pay unto the Mo~tsa~ea the indebtedness evidtnced by s
~ certain promsssory note of which the followin~ in wotds snd fi~ures ia s trut copy tawit-
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s 3', 475 . 00 Fnrt Pierce _ F brida _ February 14 , ~q 76
FOR VAI.l3F NECEIYEU promise tu pay
t.~ the ordc~ o[ H~1tMAN GOUDMAN AND LILLIAN ~ ~ Q~
the {~ri~cipal xum of THREE THOUSAND FO~1R HUNDRED S~VE TY-FIVEj~~I~I~~, togethe~ witl~ iqlerht
hereu~ (~om date at the n:e of ten percent. pe~ annum unlil msturity, both pri~cipal and interest being payabir in law(ul mnn~•~ uf
~e l~nite~ ~tates at ?2~ Bi.cay~e Bl~d., btiami, Ftoreda, or at suc6 dther place srs the hddua hereof may dex~ignate in writing.
I'rincipal and inlerest p#yadle in inatallments as !ollowa: ;
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~IGH~'Y ($80.00~ DOLLARS per month beginning on the 15th day of
April, 1976, and continuing on the 15th day of each and every ~
month thEreafter until paid in full. - '
This note may be prepaid in whole or iR part aftet one year itom the date hercof upton payment of a penalty equivalent
to ~iRi~t pcrcent af t6e principal sum prepaid. t -
F:ych inatallment payment r~liall be credited ~~xt on the interes"t due, a~d the remainda oo principal; aad interr~t shall thrn•-
upon ceur upun the principat su crediteu. "
The maken and rndotsero of tbis nut~ furiher agre~ to waive demaed, ootice of noa•paymcnt and proiest, and in the event wit
-1~s11 be~ brought fo~ tt~e cdlrction hereot. or 1he same has to be collectcd upon demand of ~ attorney. to pay cearwnable attorney K
frr• (or making such collection. _ -
Uefetred, payments hereunder shall bear interesl at the rate of ten percent p~r annutn (rom maturity until paid. '
7'hiF note iR aecured by a mortgage~of even date herewith and is to be cons ed and enforecd according to ttie laws o[ tht •
~tat~ of ~ F'lorids; upoo default in the 'payment of principal andlo~ intcrest whe ~ due, the whde aa oi pnricipil and intlrest
rrmainin~ unpaid sha11, at lhe option oi the holde~s, income immedia ly due able. ~ ~ - -
~ L (SEAI.)
- (SEAL) -
Prepared t~! ~pieler 8 Trndrich. AuorneYa - 2240 Biscayne 81~d.. Mi~mi. Florida
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~ and shall perform, compfy with and abide by each and every the sCipulations, agreements. conditions and cove-
nants ot sa~~ promissary note ar~d of this desd. then fiis deed and the estate thereby created shall cease and be
null and void. '
1. The Mott6agor hereby covenants and agrees: -
(a) To pay all an~ s~asulu ~he prine~pal aad interes~ and other sums.uf aoney payable by virtue of s~ed ptom~ssoty nole and this
decd. or eiMer, prompUy on tAe dsrs respectirsly the samt scverally becoa~es due. `
(b) To permit, cornnu a sutfe~ no raste aod co mamu~n the imp~orementa at all t~mea in a state ot sood repsir and cond~lion, ~nd to
do or permit to be doee to said pam~ses noth~ns that .nll alter or chsn~e the use and chsracter ot ss~d properiy or ia any ~ay impair or
reaken the security o! this ieortssae. And io ease of tAe tefus:l, ne~lect a inab~lity o( the Atorts~sor to tepair ar.d maintsin said poper.
~r. ~h~ ~~pt«.~Y. his ~pt~oo, mate such repairs or cause tbe same to bt made, and adrance mo~eys in tAat behalf.
(c) To pay all snd s~naulu the taaes, assessmenu, lev~es, liab~l~t~es, and obli~atione of everr eature on said described prope~ty each ~
and every rhrn due and payable atcord~ns to Isr, betae they becaoe deliaQuent, and to delirer to t6e Nwtsasee on or betore Yarch ~
IStA ot•eacb year eaa receip~s eridencin~ the payment o( a!1 IaWtulbr ~mposed tases (or tfie precedio~ calendar year to ~ndemn~fy tAe " s
~~i+tee epon his Jemsnd for all taxcs, a.sessments and chuses tAat may be assesse6 upon this mottsase on the~indebtedness
cured herebr, a~W p~id by ~I~e mortp~ce, .~thou~ retard ~o any las 7~eretotae enacted a here~fter [o be enacted isposini ~ayment o!
~ the rbole a any ~•att thertof upon tAe IdortQaete.
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i (d) To pay all and ain~nlar tAe cos~s, c6x~es and expenses, :ncludm~ la~yers' fees snd ~bstrset costs teasonably incuned er psid st
~ sny ~~me by thc Riortaa6ee because of the ta~iure on the part of the Mortptor to perfaa. capply vith and ab~de by each snd evt~y the ~
~ stipulst~o!~s, ttreements, conditions and corenants ot ssid promissory nate u~d tRis Aeed. a eHher, and every such'payment sAall btar
; mte~est from date at the rate ot ten (lOS1 per untum per annum. _ :
E (e) It ii t~rtba coveau?ted ~ad a~rted br said p~rties tbat is tIIe e~ni of a suit beie~ iastituted to faetlose d~is wortaa~e, tAe Mart- ~
f p~ee s6a11 be estitkA to aDplr at aup ~ime pesdinj aYC~ torcclos~re srit to t6e ca~urt b~via~ jrriadietios tl~ereot ta tAe aopoiacseat
~ or . reee~.s~ ot .u .nr ,~.~oar d~e .o.~~,aea v.o~enr. asd of d! ra~b. iacases~ ~~u. iasnes asd re~eanes thcreot. fro~ ~rAaboerer
' swrce AerivM; sud tbcre~yon it is Nerebr esprqalr eovtaaateA ~a0 ~~rted tb~t the Coort sla11 (ortbrid~ ~~oiat sw:6 reeeirer ~itA
~ the wwl oowers snd dntiss of rcceiven in like cuei: u~d s~id ~~aat~tst ~1! be ~ade Ar d~e eart u~ at1e~ of striet ri{At to -
tbe MatN~ee. snd ritAont ~efereacs to tht ndeqwcy or iqideqwer e~ t6e r~lre ot we ~ooenr ue~eer ~.on~,sea. or to the aolrencY
' or insol~a~cy ot ~he 1~lortaa~as ar ~nr otba ~uir defesdaat to seeh sui4 'Ibe ~iory~~or 4ereby ~oeei(icslly ~~ives U~e ri~ht to objeet
h
f to tbe ~ppoia~aent of a teeeever aa ~foresaid ~ed herebr e:presabr eaasee~e t6at s~eA syooiat~eat slull be wade ~a ~a ~dwitted eauity
E ~ad ~s a~tter ~f :S,olets ri~At W tbc Mo~tp~ee uW that tbe ~ue My be ~do~e ritAo~t notice w the Nort~~~or. "
~ (f) It faeelos~re orocssdiap ahoaM M iastitnte~ aqi~t tie prooertr corered bp ttiis wortpae ~poa ~nr otAer lica a claiia ~hetAer
,~Ile~ed to be soperia or juaiot to tbe Iiea of tAii eortsaie. tbe l~aiss~te wr at Ais ootioa ireAiatelr u~ isstitutiae of secA s~eit
; ar da~r~a; ~be peadeecr t~ereof declare t6is ~ort~e ~ad t6e iedebtNness sscared 6ae6y dae ~od ara~le forthrith u+d ay at its
` o0tiw ~oeeed to forseloe;~: t6is sortsa~e. -
i (v That tAe Nort~or ritl teeP stt re~i sad oenmsl propertr asv or husattsr e~euwbered br J~e. liee d tAi~ woryue iasured sa ~~r
, be reqYirad fra. ~o ~~ee dr ~ w«~.s~e aa.u+,e io,s er r«, ~riadsta~ and otAer 6asards, caswl~isa aQd eewtiuuacies (or suc6
periads asd tar aot k~~ taaa auci aoo~ata u w~r be required by the Moryaaee and to aY orosPtly ~6es due all ~eaiueu fa ~YCA
inaennce. TAe ~wou~is oi iasrnace reqnired br He MortN~ee sY~ll be t6e ~iai~rs awoYSt~ tor ~b~ aai0 u?suru~ce shall bc ~riuee .
I, aed it shall re ~!corbsat ~poe tAe yorti~~w to ~iaqp~ aucb adaitianal insYnace as ~sr bs necesaaryr b~eet ~ad cawply hlly ~iW
; ~11 eo-ieaur~eee rsquice~esta eoataised ia s~id oolicisa to We ssd tbat tbe s~id Alaip~or is na a co-ieswor tUereaeder.lnsrranee
; ahall be rtittea by ~ co~p~ar or capaaiea a~ored o~ deaip~tsd br the Mortp~ee sad all ooliciss ~sd rsaa~~ls WarROt sYali be l~eld ~
A~r tlu Mat~ce. Ali demiled desi~oations br tUe Mortaasor vhich ue accepted er tAe liortp~ee ~ad all a~reCACAb btt~ttA A{Otta!<Of ;
E u~6 Mort~~sc rsfa~~r.= to iasar~ece. no~ s:istia~ or Aeredte~ ~~de, ah~U be in rritia~"aed s6a11 be ~ pWt at tMia sat{aie aaree~sst
; rs trlly ss ttiouslt ict forth verbati~ hueia and ~Aall ~orera bwh ~
~ outias bereto aed tYsir srccessors aed ~ssisas. No lies oooe ~ey of ~ '
~ uN oolieies o( ieNwance oP ~os aep refwd or ~sbra ore.~~.s .~se5 ..r ee p.r.ete ou we c.oceu•e~m «~en.~aaiioe ~uercot. sA~ll ~
; be si~ea to otbcr ~A~n t1Ae yort~ee. exeeot Ar orooe~ endoneweat ~tfiaN to src6 oolicY ~nd ~Pyrered br Mertp~ee. Each oolicr of ' ;
~ iasYnsce aAall hi•e affixeA Ux~cto s Sandard Ne~ York Mor~~~ea Cl~ws .itbort ContribY~ioa. ~?skin~ ~11 loss a losses under sncA i:
f ~orcr P.r.e~e ~o Me ~«~~,aee ~es ia~creat ~y a~eu. ta ae e•u,i a.r sW. or,r.s.ot,eoeer eeca.,s My~bte ~eronnder tAe IHon-
~ p~ee shall Aare tbe oPtiop to rcceirc aaQ ~pplr tbe s~~e os ~ceaant of :bc i~de0tedness Asre4r secYred. o~ ~o Perois the Monla~a
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to re~ei~s ~ed a~e it. Of aAy p~rt thereof. ~itleont Were?r r~i•in~ a i~irir~ ~ny e~itr. liea. a ri{Mt w~der and by ~~rtYe o( tA~s
f wortp~l. t~ evmt ot Iws or ohraic~~ d~wase to tht ~al~a~ed ~ooetty tAe Mo~t~a~a sh~U ~i~t i~sedi~tt soti:t ti?tteof by mul~to ^
:be Mortp~ee aed ~he Mertp~ee ~ar sstt proof d losx if tAe san~e ~a aot ande Orpeptlr b~r tAt ~lorl~~~ar. In e~ent ot toreclosure ot
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