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PROVIDED, ALWAYS, ihat if ilie 1ltortgagor ehE~ll pay unto the hiortgagc~e the indente~hicae cvidenccd hy a #
ceriain promisaorf note of which tlie iollowinR in worda And G~urea ia a true copy to•wit:
if~lat~tg~ No~
3 ? 45~ • ~ ~ae~sDar 22 6
~ _ Aiiami, Florida ~ 19
r_. . t .
FOR Vr1LUE RECEIVED ~~~~~2~ ~~~~1~ promise to pay
to the ordcr o[ t~'` '
the principal sum of ' ' ` 3- ~ "'DOLI.ARS, together with interest
ti~ereon from date at [he rate of cen percent. per annum until maturity, both principal ancl interest tieing payable in
lawful money of the United States at '?0~ Roper Auilding, Miami, Florida, or at such other place as the holders hereof may
designate in ti~~riting. Principal and interest payable in instailments as follo~vs: ;
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aevent,y-ffre (gT5.00~ Lollars per mc,utl~ be~innlug ~~n
the l~tb ~;sy of ~`obx~r~, 19Go, ancl contiuuliig on th~- ?
15t~ti day ~f Qach :~u~i ~vQry~ ~nnth thera~f~er u~til paid ~
in ~ul~..
"I'his nute ~nap l~c ~n~c~rii~l in ~~•hoic or in ~~art after one pe:u~ Irom tlic clate hereof u~~on ~>a~~n~ent oE a penalty
eyui~~alent to t~~•o ~~ercent ul the ~~rincipal stuu pre~~:iid.
~ Each installment payment shall be cre~lited first on the interesc due, and the remaincler on ~,rincipal; ar.d interest `
shall thereupon cease upon the principal so credited.
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in the event suit shall be brought Eor the collection hereof, or the same has to be collected upon demand ~of an attorney, ~
to pay reasonable attorney's tees for making such collection.
Deferred payments hereunder shall b?ar interest at the rate of ten percent. per annum from maturity until paid. :
This note is secured Uy a mortgage of even date herewith and is to be conscrued and enforced according to the laws
of the State of Florida; upon default in the payraent of principal and/or interest when due, the whole sum of principal
ancl interest remaining unpaid shall, at the option of the holders, became immediately due and payaUle. ~
, . ( )
J~S~r ri i~: . ~:~LLLY SEAL
~~i,T ~',a~:.:;~i.'~i . i~_~LL~~Y (sEAL)
;
and ahall perform, comply with and abide by each and every the etipulatione, ~greeraente, conditions and covenante of
said promiasor}• note and of t}~ie deed, t6en this deed and the estate thereby created ehall cease snd be nall and void.
1. The ~iortgagor hereby covenanta aud agreea:
(a) To psy all and sin6ul~r the principd and interut and othu turu~ af money payable by cirtue of maid promisaory nole anJ this
deed, or either, promptly on the days rapectively l6e saa~e ~rerelly beeoneeo due.
(b) To permit, commit or suHer no waate 4nd to maintain the improvemeots ~t ill timta in a etate of sood rep:ir and eoaditien; and ~
to do or permit to be done to said premises eothin that ~vill alter or chan6e the nae and charaeter of said propeAy or in any way
impair or weaken the secnrity of thia mortEa6e. An~ in tase o( the re(uaal, nealeet or inabilit~ oI the Mortsaaor to repair ~nd maiutain
aeid property, the Mort6aaee vuq, ¦t ~ia option, make such rep~in or unee tbe eame to be made, and sdvRace mone7s io lhat behalf.
(c) To pay ell and sin6ular the tsxee, aaecsements, levia, lisbilitica, and obliaationa of every ncture on said described preperty eaeh
and every when due and payable accordinR to l~w, beforo they beeome ddinqueat, and to deliver to the Mort6a6oe on or before Marc6 ,
15th of each year ta: receipta e~•idencin6 tbe papment of all Lwfully impoEed tezta [or the preee~n6 ealeodar year; to indemai(y the
~iort6agee upon hi~ demand for a? taxea, aaeeasmente and ehar6ta that mey be aseea~ed upoa thii mort6a6e on the indcbtedneae eecu~ed
hereby, and paid br the mort6aRee, without re~rd to ~np law herctofore enatted or hercaiter to be enaeted impaia6 payment oi ihe
whole or any part thereof upon thc MortE~gee.
'I (d) To psy ell nnd sinEular the co~ts, char6es and e:penate, includip6 l~wyere' fecs and abatract cwLs reaaonably incarred or p~id at
any time by the Mortaagee becauEe of the t.ilun on the part of the ~iort~a6or to perform, eoa~pl~ with and abide by each and er•ery
ihe atipulatione, a6reementa, conditione and ec•~•enanta of atid promiaaory note and this dted, or eidttr, and evtry euch payrnent ehill
bear intereat f~om date at tht rate ot ten per centum per anaum.
(e) It is further covenanted and agreed by eaid ~artia that in the evrnt oi ~ enit bein6 inatituted to fortcloee thie mori~,ra6e, the Mort-
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biaic `v :.3t L'f; 'a^.'~ii~u :^v :^yy^.~ 'suj C.. ~r.:s:vC~p : : ~ 6e ....._o S_=~.::;:::iL ~~:'_-•^ue ~
of a receiver o[ sll and ain6nlar the mort6a6cd property, and of all~rente. incoma, profits, ieaua and revenuas thereof, [rom whataoever
eource derived; and thereupon it ie hcreby txpresalp eovenanted and asned thtt the Court ~all forthwith rppaint aath rcetiver with
the uaual powere aad duties of receivers in like easa; •od atd appointment ibrll be made by the eourt ea a mattcr of etrict riaht to
the Mon~yagee, and without relerence to the adequacy or inadeqatey of the value of the property hertby mort6aged, or to the eol~ency
or ineolvency of the Mortgagors or any other party deftadent to euch 6uit. The Mort6a6or hereby epeeifically w~ivta thE ri6ht to
object to the appointment of a recti~•er ae aforraaid and hereby acpreealy eonscnts th~t eneh appointtaent ehall be made as an admitted
equitq ~nd ae a m~tter of absolute ri~ht to the Mortbs6ee and th;t the 6~me may be done without notice to the Mortaa6or.
(f ) If forecloeure proceedinEa ahould be inetitutcd •6ain~t thept operty covered by thia moriga6e npon sny othcr Iien or cirim w6ether
~Ileaed to he suptrior or junior to the lien of chie mon6ase, the Mortga6ee m~y at hie option immediately upon inetitution oi euch
euit or during the pendencp thereof declere thi6 mort~aae and tbe indebtedneaa eecurtd hereby due and payable (orthwith and may at
its option proceed to fo~eclose ihit ~nort~a6e.
(6) That the :liortaegor will L•eep all real and per~onal property now or hereafte~ encumbered by the lien of this mortg,~ae insured
aa may be reyuired from time to tiine by the More6agee aaainae lo~a by 6re, windstortn and other hasards, casualtiea and contin6entiea
for such perioda and for not lcaa thau such amounte u ma7 be rtquired by the Mort6aaee and to pay promptly witen dae all premitune
tor sueh inaurance. The amounts of insuraace reqnired b~ the MortgaacJe E}sall be the minimnm amounte for which aaid inaursnce ehall
be written and it ehall be incumbent upon the Mort6aEor to m~iauin taeL ~dditiond inenrance as may be r+ecesrar~ to meet and comply
fully with all cainaurance reqnirements contained in said policiea to`tht ead that the said ;liortga6or ie not ~ cainenror thereunder.
Ineursnce e6alr be written by a eompany or comp~nie~ approved or daei6nated by the Mort6a6ee and all polieiea End renewala thereof
ehall be held by the hlort6abee. Ali detailed desi6nsuoa~ b7 tbe Mortbe6or whic6 •re aceepted by the Mortgaget •nd all agreuueote ~
between 111ort5agor and Mortgagec relatins to insunaee, now e:ietin6 or hereafter made, ehall be in writin6 and eball be a pan of ihia ;
mort6age tgrtement aa (ully aa though set (orth v~rbstim herein and shall 6overn both partics hereto and their eocceeaors a~d aeai6na. ;
iVo lien upon any of eaid polieies o( inauranee or npon aa~ refand or return premium which may be payable on the cancellation or
termination thareof, ehell be 6iven to other thsn the Mort6a6ce, except by proper endorsement afC'ixed to euch policy and approved by
11ort6a6ee. Each policp of ineurance ehall hue aiTised thereto a Standard New York MortgaRee Clauee withont Contributioo, making
aii loaa or loaaea ander auch poliey payeble to the Mort6~gee sa ite interest mry appear. In the event any eum or eume of inoney be.comc ;
payoble thereunder the MortgaRee ehall have the option to receive and apply the aame on eccount of the indebtedntas hereby eecured,
or to permit the Mort6s6or lo receive and nae it, or any p~rt Ihereof, without therehy wai~in6 or impairing •op eqnity, lien; o~ ri6ht ~
under and by virtua of thie mort6aae. In e~•ent of loea or phpeieal den~a6e to the moriFa~ed property the Mortgasor ehall ~ve imme- ;
diate notice thereof b~ msil to the Mort6a6ee and t6e Mortae6ee mcy make proof of losa if the eame is not made promptly bq the ~
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