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PROVIUED, ALWAYS, that it the Monga~or shall pay unto the Mon~a~ce the indebtedness evWenced by a ce~tsia
prumiaory note ot which the followin~ in words and tf~ures is a true copy to-wlt: . ~
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~ S 2. 575 . 00 Fort Pi~rcp~ F~ai~ MArrh ~q
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FOR VALUE RECEIVEU ~1~ , i oint 1 X and severa l lv promise co pay
' s ro the urde~ o! RUTH RI C~~'iAN
~ the pra~cipal sum of Z'~ THOUSAND FIVE HiJNDRED SEVENTY FIVE --------NO / 100 pp~~~,
~ 1 togelher with intercst thereon fmm date at the nte of ten pncent. per annum untll matutity. both principal and interat beina
M+~ payabie in taw~tul mo~xy ot the United States at 2Z44 Biscayne Blvd. Miami, Florids, or at such other place u the holders hereof
~ nuy designate in writin~. Principal and intercst payable ia instaliments as tollows:
• FIFTY FIVE ($55.00) DOLLARS per month beginning on the
s~ 15th day of May, 1979, and conti~uing on the lSth day
of each and every month thereafter until paid in full.
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~ This note mar be prepaid in whuk or in part at ax~ time upoo payment ot s prnalty equal to e'~ht perceat o( the p~ineipal ~um propaid.
F~cb iastaUmeat pa~meaf shaU be crcdited Cu~st oe the interest due. and the mmainder on principai; and inteast rhaU /hereupan cease upon -
~ ~he principal w eredited.
The a~akers•and endunen ut this nute furlher a~ee to waive demand~ notiee o( nun-ps~ment and pwtat. aad ia the errnl wit shall be 6rou~hl
~ 1~K Ihe cuUeeliun herei~f. or the same has lu 6e cdl~ctrd upun demaed ot an attoraer. to pa~ reaio~ubie attornerl~ tea for malun~ wch edleetian.
lkferrcd psymcnb hereuader ~haN bear intere~t at Ihe nte of tea percewt per anaum frum malurity until psid.
This nule ia ~ccurcd br a a~urlp~e of evrn date herewilh and 'u to be tonst~ued and entoreed aecorditt~ to the larn of 1he Statt oi Raida; upon
Jcfaull in u~~ wrm~~~ or ~a~a interest Nhen due, the whde wm ot prioeipal and interest tawaini~ unpaid shall. at We opOon ot tl~e
j; hdde». benxn~ immedutdr due snd psya6le.
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~(SEAL)
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( l~C~--~~ (S'£AL)
Prcpued br Stawkr H. S~ieler. Atturney- 2240 Qiscayne fllyd., Miuai Florida
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and shall perform, complv with :~nd abicie by rach and every the stipulatiuns, agreements, conditiona and e~venants of
said promi~sory nute and of this deed. then this deed and the estate thereby created shal! cease and be null and void.
1. The ~tortgagor hereby~ co~enants and agrre.: ~ '
ia) l" ~~s~ :~11 ei~:1 .~r~;uler th~ y-~~ru~. ~E~~'• .~n.t :~~!rrr~t ~ti.l :~thrr ,urn, ~e;~•~ r,tyal'Ir ~~~turr uf ssid prr~missc,rq r~tr and :hts JrrJ,
~~r r~:htf. ~`t~>n1p21) un ltiC d.+}~ tr~pc~ti~rl) thz ~,.:Ur 1r1<Ially t~e:un1r5.1Ur.
1~~~ f;~ prrmtl. ~~~mm~t ~~r .~ifr[ ri~: i.t, ;,r.d m3~nta~r. the trnt~P~.cn:rnt: at ~i~ t~fnr. ir a~lalr ii( g~x~d repa~t dnd .unlAtun..enS tu do
ur {,errni[ hr dunr h, ~~~.7 prcnu.rti n..tlun~ that .~ili ~ltrr ~,r ~!iarge thc u~r ~nd .!ur3.trr .i( .aid prc,perty ~x m ~n}' ~+ay im~3~r ot
I ..acel.rn Ihr.iaunty +.f tt.n m•~rtf.~~r -1n.f m.~~r ih~ rctu.~l. nr~lrrt u~ in.ih~l~h~ ~~f the tturt~agor tu repair ar~d ma~nta~r. Ydid pro~cr[y,
thr ~l~~rt;ta~re m~~ .~t !us tu~~i, n:~Ke h rr~3~rti ~~r ,a~+r c:ir vrnr }~c madr, and 1a1~]R.C mnneys ~n that behalf.
i 1~~ p.+) etl .~nS u~~~;ular tGr t~trt. a.~r,.mcnt,. Ira~z•s, Le~itrt~r.. snd ~~hli~aUUns u( r~~ry ~uturc .,n said JexntKd propcrt~ ca:h ~nS
e.rr~ Hhen Jur ~nd pe~ ~hlc e..n!~in¢ r~ I~«, hrf,~rt thr~ he~nmr driiyurnt, and t~: ilt~~~er tu thc ~~ort~ager on or beforr ti/arch 15th of
j ra~h :ror t,~ r~.eiph r~~Jrn~inR che r.,ymrnt v; ill Ia~tifull~ ~rup~~scd ca~r, (ur thr prr.edmg ~alt.ndar year;to mdemndy the M~r~gagee
i up:~n hn .lrn:~r~d f~~r t~.e,. ,i,~e,sntrnt~ snd chargr~ that me~ hr as.r~crd up:,n this m~>rtgage un thr indcbtedness secuted heteby, ~nd
p,~d by thr m~~:t~agr~• .+~~h~~ut rrg,ud t=~ .,r,~ I,u hrrrt~>t~~r~ rnactrd ur herraftar tu bc rnaited impus~ng payment of the Nhole or any
part thrrru( u~~n thr !.t~~rtgegrr
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~ (d) 1~~ a ~It end ti~n ~ular thr z.i~~s, char e~ and r,~ nus, mcludm lawyrrs' frr~ and abstnet costs re~sonabl • mcurrrd ur aid at an
D' > r 8 B Y F f
hmr hy [he ~t~,rtgagra hr.au,r nt thr fadurr un the pert•,~f ~hc ~Surtgagur tu prrforrn, cumply wrth and aoidt by each and every the .
E cti~;ulati~~n•, ~3rrrmrntti. c~~ndmon~ and cuvrnants uf said prom~ssor}• note and thes dctd, or either, and every sucA payment shall bear
~ ~ntere~t frum datr ~t the ra[r nf trp ( 10 prr crntum per annum.
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~ 1c? It ~e further aumrnanted aud agrcrd by ~a~d partrcs that in t~e e.cnt of a wit being instituted to forcclou th~s rtwrigage, the Mort-
gagrr ~hall hr rnutled lu apply at ~n~~ time pcnJing suc h f~~trclusure suit to the cuurt having ~unsifiriwn thereof for the appo~ntment of
~ a recri•rr ~~f all rnd ~ingolar ihr m~.rtgegrJ pn,prrt~, anJ uf 311 rrnt+, mcomes, profrts, issues a~d rever.ues thrteof, frum whatu~e~'er
+ viurce dtrn'rJ, and thrrtupun rt u herch~ e~prc~sly c~~n~rn~n[td anJ agrrrd that tht Court shall forthw~tA appoint such rece~ver with the
~ ueual powcra and dut~rs rrc.nr~~ in I~ke i ~~rs, and sa~d eppuintmrnt shafl bz madr hy the cvurt as a matter ot sttict nght to the Srlort-
° gager, and ~~th~~ut referen.r thr .~Jryuac> ~rr inadeyuac> nf the value uf thr proprrty hereby mortgaged, or to Ihe wlcency ot ~nwi-
c ~cncy~ ef thr ~L')fI~'d~(IIfS nr rn~ ~.thrr part} defend~nt tu yuch suit. "ihe ~f~,rtgagor hereby specifically waives the right to ob~ect to tht
~ appu~n(iprnF rr~r~~rr e, ~f~~r~.,~d end herehy r~.Brr.sly cunsrnts that wch appumtment sbalt be msde as an admitted equity and ss s
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~ mattrr of ah~.~lutr right t~. !hr V~rtgegr! and that thr samr may be dune w~ithout nut~ce to tt~e Slortgagor.
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p (f) If (urraluwre p~ocerd~ngti +h~~uid hr imhtuted .~ga~nat thr pruperty cuarred hy~ this mortgage upon any other Gen ot claim whether
alleged tr~ he superiur or ;unior t~• the I~rn of thn murt~eagc, thr ~lurtgagee ma~ at hes opt~on ~mmediately upun institution of such suit or
? dcr~ng tfir penJrncy' Ihttru( .'.rclarr Ihn murtgage and thr mdrhtednrss xcureQ hereby due and payable forth~vith and may at rts opti~n
~ ptocerd t~~ l~~rerk~Sr th~ti m.~rtg~gr
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3 (gl Th~t thr ~lurigagn~ w~il krrp rerl end prrwnal pn~prrty m~~+ ~~r hrteafter nncumbrred hy the I~ert of tA~s mortgage msurel as may
hc reqwrrd from t:me t~, cimr n~ ihr ~t~~r~~,~~cer a~aimt lu.. ~rf f~re, Minduorm and :~ther haiards, casualties and contingenc~es for such
penudt and fur not lec~ then wrh ~m~~unt~ may he reyuued Ay Ihr ~turtgagre and to pay prumplly when due all premiums for such
~ncurance Thr ~m~~unt~ nf ~n~ar3ncr rryuired hy the ~lortgagee ~h~Il hr the min~mum amounts for which sa~d msarance shall he wrrtten
and it sh~ll be incumtrent upun thr Mnrtgagur to m~inu~n such adJrtional ~nwrance as may be neceuary tu meet and comply fully with all
co insurancr reyciremrn~c cunta~ned ~n vid puh.irs t~, thr end that the sa~d `Sortgagor is not a cu~insuror thercunder. Insunace shall be
wruten by a iumprny ur wmpamrs appnncd ~~r dri~gnated by the ~tortgagee and all poliues and renewals lhereof shsll be held by the
Mortga~tre All detaileJ des~gnat~ons by che :tnrtgagu~ wh~ch arr accepted by the Murtgagee and al! a`reements between Mort~afor and
Murtg~ger relat~ng to in5urancr, now rc~tt~ng „r hereafter madr, shall he ~n wr~Ung and shall be a part of tAis mort~sge apeement as ful{y
» though set forth vrrbat~m hrrr~n and shall guvrrn ?+~,th part~es hereto an3 thrir successors and assians. No lien upon sny of ssid policits
of ~nwrance nr up~~n any rrfuad ur rrturn prrmium wh~:h may he payahle un the ~ancellatwn or termination thereof, shall bt jiven to
other than ~he ~turtg~~tcr, rairpt hy pruprr rndunement aftised to suih puhcy and approred by Murl6a~ee. Each policy of insurance
' shall have affitird thercu~ .e Standerd tiew 1'urk \lnctg~gce ('lause vr~thout Contnhution, makin` all bss or bsses under such poticy
payable t~~ thr Nurtsagrc as its intrrcst ma> apprar In the erent any sum ut sums of money become psyable theteunder the Mortp`ee
~ shall ha.e the .,pt~on u~ rec~~ve and rpply thr same on accuunt of the ~ndebt~dneu hereby secured, or to permit tht Mort~a`or to re-
- cerve anJ uu it, or ~ny part thcrruf, ~.dhuut t~rrehy warv~n6 or ~mpairmg any equ~ty, lien, or n~ht undet and by vutue of Ihi~ morl-
~ ~age. In event of bst nr physual Aam~qee to the mungaged propetty the Mortga~or shail g~ve ~mmediate notict thereof by mai) to the
~ Mort~agee and the Mortgagee may make pro~~f oi I~ns ~f the samc ~s nol made promptly by Ihe Morlpaor. In erent of forecbsure of
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