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PROVIDEn, ALWAYS, th~i if the'Mo~t=a~or :hsll pay unto the Mort~s~ee the indebted~esi ev~denced br a
ce~ta~n prom~awry ~ote o( which the toilowina in wo~ds and fi~urc: is a true copy tawit:
- ~ - - /7~
: 4 350.00 Fort~~e, ~b~~~l~ February 5, ~y ~
Mt1R YALUE NtCEIYEI), promise tu pay
tu the urder oi IRVING KARP AND RUTH RP,._HI FE
the principal aum of ~QUR THQUSAND ~E H1INDRF~D FIFTY 811d t10/ aT~LLARS, to~rth~r with in~etr+l
theteun ~ro~n date at th~ rste of t~n perc~nt, pe~ annum until maturity, buth pri~cipal and int~reat being psyable in lawful mo+~~ ~ uf
~he United ~tates a1 YY~41 E3i..rayne Blvd., ~liami, Flotids, or at auch alhe~ place au; the hddera hereof may de~ignate in writinK.
Principal and i~tereM paya6le in installment~ as [ollows:
ONE HUNDRED ($I00.00) DOLLARS per month beginning on the 15th day,of
April, 1977, and continuing on the 15th day of each and every month -
thereafter until paid in full.
~
This note may be prepaid in whole or in part after one yeac fcom the date.hereof upon payment of a penalty equivalent
to eigl~t percent of the prin~ipal rum ~xrpaid. .
Each imtallment payment ~I~all be ~redit~d firxt on the interest due, and the remainder on principal: and interrl i:hall thrn•-
u~n ceasr u~ the principal u• rr~dited.
Thr maken+ and rndorsrr~ of thia nutP (urther a~tee to waive demand, notice o( non-{?ayment and protr_it, and in 1he event wit
J~all br brouRht [or the eollection hereot. or the same hss to be collected upon demand of a~ attorney. to pay reasonable sttorney'r
frr~ fur making wch cdlection.
[)~terred paymen4a herrunder ~hall bear intenxt at the nte of ten pereent per annum from matu~ty until paid. _
7'hi.c note u gen~red by a morlgaRe~o( even date herewith and is to be construed and enforced accordir~g to the (awa ot the
~1at~ of Elorida; upo~ default in thrpa yment of principal andlo~ intereat when due, the whde sum of principal and iniereat
rrmaininR unpaid shall, at the option of the holders, become immediatel due and payabk.
S SEAL)
( AL)
Prepar~d 6r ~prler & Tendrich. A11~y~ - 2240 Bixayne 81~d.. Miami, Flarids
and shall perform, comply w~th and abide by each and every the stipulations, a6reements. conditions and cove-
nants of said promissory note and of this deed. then this deed and tbe estate theteby crested shall cease and be
null and void.
'i 1. The Mott~a~or hereby covenants and aacees:
~ To p,r ~11 snd s~n~ulat tht a+~~~w~ and murest and othcr swn.s~ ol ~nonep P~Y~ble by virwe of said proainsory note and this
~ deed, a euAer, proap~ly on ~he dars respec~~rely ~e sa~ee sercrally eccomes due.
E lb) To peraiit, coers~t or su(fer wo raste a~d to ma~mam the improvcwmnb st sll t~eus in ~ state ot ~ood repair and cond~uon. snd to t
~ do a pers~~ ~o be dant to s~id pras~ses notA~n~ tAat +r~ll slte~ o~ chan~e tue use a~d cA~acter of said ptoperty or ~n anY ~rar impair a -
~cakee ~he secuntr ot ihis moripae. And ia case of the refusal. ne~lect or ~nsb~lity of tAe Mmtsa~or to rep~u ~M w~inain s~id proper.
tr, ~Ae Ma~~a~ee may. a~ Aia op~~on. auke such teoa~~s or cause the saa~e to be msde. aad advaace eaoeye in th~t beb~l(.
lc) 7o psr all aad a~n~ulu We uzes, assessscnts, ler~cs, lubduies, ~nd obli~N~afs of erety aaturt oa ss~d destribed property e~cA ~
snd everr .hce duc snd payaele accord~n~ to lar, be(ae they become deliaqueat, aad to del~ver to the Mort~a~ee oa a betae 1Aatch ~
IS~h ot eac6 rex tsa receipts ev~dcncros tht psY~ent o( all Ip+rfully ~sposed taxes (or the precedin~ calendar year; to mdcmn~fy We
Mat~~{ee ~pon A~s dem~nd fa all uxcs, a~sesxsents and char~es thst may Ae sssessed upoe th~s wort~s~e on tAe ~ndebtedness x•- ~
cwed Acreer, ~~a ~~a er u,~ mat~s~ee. w~thout re~ard ~o ~ey la~r beretotore ee~cted ot heresfter to Dt eaacted impos~e{ aayment of T~
tAt ~Aole a any ~art tAereo( ~pon the I~t~a~te. }
(Ol To pay s~l and s~nsular the costs, char~es snd expenses, ~nclud~n~ I~~ryers' tees and apstract costs reasonsbly incurted M p~~d at ~
anr ~~~ae by the 6lnrtp~ee Decau~e uf the (a~lure on the psrt ot tAe Ma~~a~ot to petfars, caeplY rnth snd sb~de br each and every ~he
supuE~t~ons, ~vtemen~s, condu~ons and covenants of sa~d promissory note and th~s deed, or ~~tAer, snd evety such'payiaent shall sear
roterest Iraa~ date st the rate of ten I IOS) per centum per annwn.
(c) It u frrd~a corssuteA wd ~~recd br ~iiA artiei ~Aat iw Ms e~eat o[ • srit bei~ iastiwteA to to~eclose tAis ~ortNie. tbe Yat-
~es aMNI Ye a~~itkA w~pty ~t ~nr tiws pe~diy sreY farsclosnre srit to t!e caut Iwriy jnrisdictioa tMereo( tor de a~oietae~t
of ~ receiver d dl aM si~lu ~Ye ~orl~~~ed ~ooenr. ~sd ot ~U re~~s. iacowea. /r~u. iaarss uW ~e~sa~es tAereof. tro~ ~Aauoe•er
~ sowce dui~d: MO tYere~pn i~ is eercbr c¦~.s.y emr~s~atel ~ad sttseA tYat tAe Carrt Aall fatl*itf ~Moi~t socb reeeirer ~ritA
~o tAe wwl ~eri a0 d~tip of receiven in like cuei: asA ~aia ~poiat~sai iAall be ~Ie Sr e~e cart u~ Mqu of suict ri{At to
~ tMe Mor~~ee. and .ritYo~t tefereeec ~o tAe ~/eowey or insdcpucr ot d~e .aire ot ~e ~ooenr se~esr .o~y,see. ar to the aol~ewcr
~ or iasol~tser ef tAe MorW{aa at asr od~a ~rhr Ode~da~t te sres srit. TAs Nort~ac bs~e6~r a~seifie~lly ~aires tMe ti~At to objeot
~o d~e. •rrei.~wes~ ot . rseei•er u.raes•id •ae e~eres~r ez~reutr eaueeu s.c~ .~roin.s•i .wau be ..ee .s w.e.iuee ea~~~r
~ad as a ~tter ot ~baoln~s ri~Mt to d~e MortptK u0 tlut tUs s~s ~r be ~e .ithan uotice te tlis MortN~or.
(t) If farseloare ~~.a~.s. ,eo„a e~ ieriiwte~ apia~t lie ~oosrty eorerN !~r Mi~ ~ottp~s ~p~ w7 od~er liee ar cl~i~ ~Aetrsr
~ ~Ils~d a ~e s.oeria~ a~ ~~ior a dic liee af tLii worya~c. tMe MotWase w~r a~ ~~s or~~a. ~...aiakir woe ie~tit~tiau of sYeM a~it
r"*rn w~rri~t d?e Oee~e~ey tbasot deel~re tAii rwrt~ue a~A 1Mt iMebtedncsa seared baehr dot u8 Mr~?le fatL~i~A sad ~alr at its
apiM ~rocesd to fareclwe ~ii ~t~e.
~ (v 'hat t4s Mort~{a~ ~rill kee~ all ~c~l ud oersanal ~orcrtr ~ ot 6stcafter cx~?ers~ by tl~e liea d tlis ~t{ass iaswed u w~y
~s rsNaN ito~ ti~s to ti~s yr ~Ae Mxt~~ss y~iiut less ~3r fire. ~iedstar~ aM w~er kasuAs. e~swlties ~sd caatia~eucies ta s+cA
~ ra~da uN fa ~ot ks~ dwi arcA ~~owia u My ?s rsa~ired er the Mor4~tee s~d to Nr oroyttr ~rAe~ Ors ~11 ~e~~~ [a srcA
wrrMes. 71s ~u of irrrMCe rs~n'ud Y~ ~e Mo~t~sass sA~ll Oe tY~ ~i~~ ~~o~ti tor did s~i/ i~arrMCS sA~ll be +rr+it~-
a~i it sYall N i~ew~e~t ~ tre Mert~aaar w~i~ui~ i+eh ~Oitiaul i~srroce ~i Mr tie eeeessur b.ee~ co.~r rru~ +~a
dt c~srrnes rs~irewsRts co~~~i~d i~ ~ai~ plicis~ to tM e~0 ~Mat tAe wid Ilonia~ot ia ~ot ~ ce-iurrar tAers~Mu.Marn~ce
a~all ~s srittp hr ~~a~/~t~r or ta~ies a~ers~ ar ~es~{uteA br tAs Mat~aps ~~d ~11 plicis~ au0 n~s~ala tAsrsof sl~ll ~e Aeld
yr tN MatWee. All M~aitsl dsaiWtiou ~r tAs Moet~or ~hie~ w~cesotM h d~s Yott~~~s aN dl ytee~ests Nt~ss~ MorW~a
~N Ilwyyse rslstiui te ina~raecs. ~o: saiutuy a Mers~tar w~As. abll rs i~ .KitiK ~M dall rt ~?~rt ef t~is ~atp~e yreswa~t
t~ty u~o~ .s~ taa .er?uN. ~«si. ~.A.11 ~e.sr. rou pnies Ae~sa ase ~isir ,•ceesson a~ u.ipw No lis• .ooa ..r ot
wl/ plieiss at w~ra~es uf refrM or rstaw ore~i~ ~rYier ~y ~e MYAIe ow d~s oMesll~tiau er un~iu~tio~ ~eof. sA~ll
~s ~i~s~ t~ ot~er ~Aaa tUs Mut~ss. e~eep ?~r ~re~a saeone~swt dfiad a~reA plier ~ad syro.e0 y Mor~p~se. EacA oolicy of
i~srraes dull lavs ~(taN tl~stete ~ ft~~d~r1 Ns~ Yort Mortpps Cl~nss +i~ort Co~tribrtio~. Mtiy ~U loss a losscs wMer srcA
M~~r Mfa61e to ~Ae Mottp~tt ~a its i~tcte~t ~y ~Ns~r. 1~ tl~s evpu s~fr a~ a sn~s of ~o~er bsco~c pyablc tAcreradcr tAe Mort-
~st ~Mtl Aare tAe e~tie~ te reeeire as/ •qy tre swe e~ ~eeo~wt e( q~s iMsNs~is Aers?p secrreA. e~ to oen~it ~Ye MortM~a
te rseeire aa/ ws it. or snr Mrt Aereof. ~it~oiu d~sre?p .~irip or i~"uiK ur s~itr. lisa. ar npt wWcr aad bp r?~tre o( Q~s
wuya~t. t~ e~s~t of Ns~ or ~Aysics) ~~e t~ tUe .er~.~e/ rr.~e~~r Me Moresaaar ~alt ~in i~e~iate ~otice ~ereof b~wail ~o
. Ifs Mart{~sss aud ~Ae Mert~aast ~r w~te ~oof ot loss ~t u~e sa.e ~s ~a ..~e ~a.r~~r ~r ae ~«w~«. Is evcst ot loreclos~re ol •
• _ _ a ¦ e ~