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PROVIDED. ALWAYS. that it the Mortgsgor tlhsQ pay unto tbt Mortltyee the iadebtodaas evldettoed by • gttaia
ptotNitaoty note ~ of wbkb the togowinl is words sad tilltres 4 a true copy to-wit:
= 3,975.00 Fort PierT_„_~ ~,;d, August 8, h 79
~ FiOR VALUE RECElVBD ~ a and severall 'r~owiae a Ml? ,
to the order d EDWARD ARNOLD AND BS W ,
the ~riad~al stew d ld.ARS,
tgttMr wieh htRenat tlrwos Aunt its st the rate of twdMe pr saettns tlatll
hlwtltl ~y tithe Uaitsd Steffan 2241 Biecayae Blvd.. MiamiFlortda, «at wlhotherplaoear~bho~ide~a ~ M~ is
Prittetpal sad istereet paysMs L isetalhsetw ea toNo*?ee y~tstatrrtttiaB'
EIQiTY FIVE ($SS.00) DOLLARS per month beginning on the '
15th day of October, 1979, and continuing on the 15th
day of each and every month thereafter until paid in full.
This note. stay bt pespaid is whole a is part at say case upon paymtalt ds psaalty squaltofivs(39i) pat~oeat tithe priseipsl stasprepsid.
The ioanevideaced dytbis note has 4eea made punuaattoQapler Florida Statutaas autborilled by617.12. Florida Sutates,
•nd the ps>yse berets hit ~ throttglt s liaasee usder Qtapter 1l4 Statttta.
F.aelt iastaBateat ps s1aM be credited first oaths iaterbstdue.sad the rsmaiedtroa ptriacipal;asd iateratshatl thawtpoaaesse trposthe
The maters asd endorsers dtha note further ap~ee towaivedtwaad. uotioeotaoa-paysteataad proteq.aad is ebcevestwitehaM be arot~
for thecopeetioa bersot. or the Sams hts to be oopected ttpos demand d as attorney, to pay twsoaableattorttey's fea(astakisBtwch oolfea
tioo.
i
Defer»d paymeab Iter+eundet sbaH bear istaest at the rate d twelve perosnt per asatun from maturity until paid.
This note is secured by a sltactpBe deuce date berewitlraad isto beooastrued sadedoroed socordiagtothe lava tithe Stale dFlorida; ttpoa
default is the payment d prinaKpslsad/or interest when due. the srhok snm dpriodpal sect i remaiai tell. at the option d
the holders. become irseeediatdy tine and psyabk.
S (SEAL)
S
P4epanli b7? Stanley H. Spieler. Attt>raey -2210 Biscayne Bivd., M' 'Florida (SEAL)
and shall perform, ctxnpty with and abide by each and every the stipulations. agreements, conditions sad covtenattb of
said promissory note and of this_ dced, then this deed and the estate thereby created shall cease and be aup sad void.
i
! . The Mortgagor hereby covenants and agrees:
(a) To pay all and singular the principal and interest and other sums of money payable by virture of said promissory note and this deed,
or either, promptly on the days respectively the same severally becomes due.
(b) To permit, commit or suffer rro waste and to maintain the improvements at all times in a state of good repair and condition, and to do
or permit to be done to said premises nothing that will alter or change the ux and character of said property of in any way impair or
~+~eaken the security of this mortgage. And in case of the refusal, neglect or inability of the Mortgagor to repair and maintain said property,
the Mortgagee- may, at his option, make such repairs or caux the same to be made, and advsnce moneys in that behalf.
(c) To pay all and singular the taxes, asxssmcnts, levies, liabilities, and obligations of every nature on said described property each and
every vrhen due and payable according to law, before they become deliquent, and to deliver to the Mortgagee on or before Much 1 Sth of
each year tax receipts evidencing the payment of all lawfully imposed taxes for the preceding calendar year; to indemnify the Mortpgee
upon ha demand for alt taxes, assessments and charges that may be asxssed upon this mortgage on the indebtedness secured hereby, and
~ paid by the mortgagee, without regard to any law heretofore enacted or hereafter to be enacted imposing payment of the whole or any
' part thereof upon the 1?fortgagee.
(d) To pay all and singular the mats, charges and expenses, including lawyer' fees and abstract costs ressotgbly_ taeutred or paid at any
time by the Mortgagee becaux of the failure on the part of the Mortgagor to perform, comply with and abide by each and every the
r stipulations, agreemrnts, conditions and covenants of said promissory note and this deed, or eithei, and every such payment shall bear
interest from date at the rate of ten (IO;f;) per centum per annum. -
(e) It is further coavenanted and agreed by said parties that in the event of a wit being instituted to [oredose this mortgage, the Mort-
gagee shalt be entitled to apply at any time pendirtg such foreclosure suit to the mart having jurisdiction thereof for the appointment of
a receiver of all and singular the mortpged property, and of all rents, incomes, profits, issues and revenues thereof, from whatsoever
source derived: and thereupon it is hereby expressly convenanted and sgteed that the Court shall forthwith appoint weh raceirsr with the '
usual powers and duties of receivers in like cases; and said appointment shall be made by the court as a matter of strict right to the Mort-
gagee, and without reference to the adequacy or inadegwcy of the value of the property Hereby mortpged, or to the sotrency or inso4
vency of the Mortgagors or any other party defendant to such suit. The Mortgagor hereby spatificaUy waives the right to object to the i
appointment of a receiver as aforesaid and hereby expressly consents (tut such appointment shall be trade as an admitted equity and as a ;
matter of absolute right to the Mortgagee and that the same may be done without notice to the Mortgagor.
(f) If foreclosure proceedings should be instituted apinst the property covered by this mortgage upon any other lien or clsim whether
alleged to be superior or junior to the lien of this mortgage, the Mortgagee may at his option immediately upon institution of such suit or 11
during the pendency thereof declare this mortgage and the indebtedness secured hereby due and payable forthwith and may at its option
proceed to forecbse this mortpge.
(g) That the Mortgagor will keep all real and personal propert y now or hereafter encumbered by the Gen of this mortgage iaswed as may
s be required from time to time by the Mortgagee against bas of fire, windstorm and other hanrds, csswlties sad mntingeneies for sucA
r periods and for not less tear such amounts as may be required by the Mortpgee and to pay promptly when due sll pretniums for such
I insurance. The amounts of insurance required by the Mortgagee shall be the minimum amounts for which aid insurattee shall be written
and it shall be incumbent upon the Mortgagor to maintain such sdditbnal insurance ss may be necessary to meet sad wprply fully with all
co-insurance requirements contained in said policies to the end that the said Mortgagor is not a m•insuror thereunder. Insutancs shall be
! written by a company or companies approved or designated by the Mortgsgee and all policies sad renewak thereof shall be held by tM
Mortgagee. All detailed designations by the Mortgagor which are accepted by 'the Mortgagee sad all agreements between Mortgagor and
Mortgagee relating to insurance, now existing or hereafter made, shall be in writing and shall be a part of this mortgags agreernsat as fully
i as though xt forth rerbaum herein and shall govern both parties hereto and their successor and assigns. No Ike upon any of said po8cisa
of insunnee or upon any refund or return premium which .may be payable on the csncelbtbn or terminatbn thereof. shall bs given to
other than the Mortgagee, except by proper endorsement affixed to wch po4ey and approved by Mortgagee. Each policy of insurancs
shall have affixed thereto a Standard New York Mortgagee Claux without Contribution, making sll bas or bases under snch potiey
° payable to the Mortgagee as its interest may appear. In the event any wm or sums of money become payable tbereugd he Mortgagee
shall have the option to receive and apply the same on account of the indebtedness hereby secured. or•t ~dtttl~t~rtgagor to re-
ceive and use it, or any part thereof, without tnereby waiving or bnpairing any equity, Ike, or right u~ei att~i~Dy virttte of this (port- i
pge. In event of bas or physical damage to the mortgaged property the Mortpgor shall give immediate notice tbsreof by tpaY to tM
r Mortgagee and the Mortgagee may make proof of loss if the same is not msde promptly by the Mortga;or. to event of foreebsurt of +
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