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PROVIDFU, ALWAYS, that iC the hiortgagor ehall pay unto the Murtgagc.~e tl~e indebtcdncRS evidenccd by a
certain promiesorp note oF which the following in words and fi~irea ia A true copy to-wit:
~
~ - ~isAl"nnna NiII: I
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~ ~~~.Q~ Miami, Florid~
FOR V:11.t1E RECEIVFD ~es ~Q~~~ and eeveral.l,~ promisctopay
to the ordcr of I,i1 ~.L,,~.:' 1'~~i);;'~ 5.';
the principal sum of ~ ~.~OLLARS, together with intereat
ehereon from elate at the rate of ten percent. per annum until maturity, both principal and interest being payable in
lawful mone}' of the United States at `?0~ Roper IIuilding, I?iiami, Florida, or at such other place as the holders hereof may
designate in writing. Principal and interest payable in instaliments as follows:
~ia~~r (~30. ~fl) Dol2ars psr moa~.h begi~.~g ~ tho 1 gth
day oi April~ ~966, a~d Qom$inui~ag oa the t5th day of
e~o~ ~d ev~x~r ~onth thereaiter unt~1 paid in ~11.
"1'his tu~te niay I~e ~~re~~aici in ~rhole en- in Eru~t aiter ~~ne }'~':?r Inm~ tl~e ci;rte i~ere~~f u~~an ~>.?}~tuent of a~fenalty
eetui~~alent to t~vo percent ul tl~e ~rrincipal sun~ ~~repai~t.
+ + Each installment payment shall be credited first on the interest due, an~1 the remaincler on f~rincipal; and interest
shall thereupon cease upon the principal so credited.
The makers and endorsers of this note further agree to waive demancl, notice of non-payment and protest, and
in the event suit shall Ue brought for the collection hereoi, or the same has to be collected upon demancl of an attorney,
to pay reasonable attorney's fees Eor making such collection.
Deferred payments hereunder shall bear interest at the rate of ten percent. per annum from maturity until paid.
This note is secured by a mortgage of even date herewith and is to be construed and enforced according to the laws
of the State of Florida; upon default in the payment oE principal and/or interest when due, the whole sum of principal
int s re ai i n dshal1 a~~~~D tion oE the holders, become immedi tely due and payable.
i~ ~~A~i ~p~0 8z~! ~erS ~ii9 ~ X ) 8r~r
~sE~.~
i~arl il, ~very ~e~ , er~
Carol Zee Tillman T TT T T Alt r ~ u~~;~,~~,~ _(sEAL.)
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and shall perform, comply with and abide by each and every the etipulatione, agreementa, conditiona and covenante of
eaicl promisaor~• note and of this deed, then thia deed and the eatate thereby creat~d ehall cease and be null and void.
1. The Mortgagor hereby covenanta and agreea:
(a) To pey all and •insular the prineipal and ioterut and other at~m~ o/ money pryablt by ~•irtue of eaid pro~nissory note and thie
deed, or either, promptly on the days retpectively the eame ~evtrally beconi~a due.
(b) To permit, commit or euHcr no waate and to maintain the improvtmenq at all timea in a etate oi 6ood tepair aad eonditien; and
to do or permit to be done to eaid premiata nothin that ~rill dter or ehan6e the nee and eharaeter of said propert~ or io any wa~
impair or weakea the necarity of thie mortEage. An~ in case of the refnaal, nealect or inability oi the Mori6e6or to rtpair and maint~in
aaid properiy, thc Mortga6ce ~ay~ ~t hia option, make ~neh rep~irs or cause tl~e same to be made, and advance moneye in that behalf. -
(c) To pay all and sin6ular the texea, aascaementa, levits, liabilitiea, and obli6ationa of e~•ery nature on said dtaeribed preperty each
and every when due and payaUle aecordina to l~w, be[ore t6ey become delinqueat, and to ddivtr to tht Mortp6ee on or before March
ISth of each rear tax receipta evidencina tht paymeat of all lawfulip impoted tazta for lhe precedin6 caleadar pear; to indemnify the
btortga6ee upon hi• dem~nd for all tazee, aeacaamenta and char6ea that ~.y be asaesaed upon this mort6a6e on tbt indebtedneaa decured
hcreby. and pnid by the mortgeRet, without re6ard to any l~w heretofore ~naeted or hereafter to be eeucttd impoeinE pa~ment of the
whole or any part thereof upon thc hiort6egee.
( (d) To psy all and einguler the coeta, ch4r6c• and e:pen~ea, i~dudin6 l~wyere' (eea and ahstnct eoeta reaaonably incurred or paid at
eny time by the Mort6egee because of the (~ilure on the part of the \iort6a~or to perform, coa~ply witb and abide by uch and every
the ttipuletiona, sEra~rnenta, conditions and co~•enanta of said promieaory note and thia dted~ or eitber, aed every euch paywent eholl
bear intereat from ciste at the rate of ten per centum per annum.
(e) It is funhcr covenanted end aEreed by said partire that in the event o( a 6vit being in~tituted to foreeloae this mortga6e, lhc Mort•
6a6et ahall be entitled to apply at any time pendiu6 ~neh foreelosure sait to tbe conrt havina juriadiciion eLereoi for the appoiotment
of a receiver of all and sin6ulsr the mort6aded property, and oE all reate~ ineomea, proSts, ieeucs and revenuee thereof, [rom whataoever
eource derived; and thereupon it ie hcreby eapresaly eovenanted ~nd •greed tbat the Court ~hall iorthwith appaint auch eeceiver with
the usual powere ond duties of receivers in like casa; and said appointment ehtll be made bq the eourt ea a matter ot atrict ribht to
the hiort~gee, and without rctcrence to the adequacy or iaadeqaaey of the val~e o[ the propertq hereby mort~a~d, or to the eolvency
or ineolr•~ncy of the MortEa6ore or any other partq defendant to sueh 6uit. The Mortbabor he~eby epecifically waivea the ri6ht to
object to the appointment of a recci~•er as aforeaaid and hereby expresely eonsenta that eneh appointment ehall be made ae an ¦dmitted
equitq and as a matter of absolute rig}?t to the blort6a6ee and thit the same ma~ be done withaut notiee to the Mortgagor.
(f ) If forecloaure proceedinss ahould be irtetituted ¦6alnat tbe g~operty covered by thia mortga6e opon anq other lien or claim whether ~
al)eaed to be eupcrior or junior to the lien of thie mortaa6e, the Mort6a6ce moy at his option immedistely upon inetitution of euch ~
auit or durina the pendency thereot declare this r~~on6aEe and tbe indebtedne~a securcd hereby due ~nd pa~able forthwith and may at
its option proceed to forecloae Ihis ~nort6age.
(6) Thet the Hiort6a6or will l-eep all real ¦nd pertonal property now or hereafttr encumbcred by the lien of thie mortgaEe ineured
aa may be required fron~ time to eiu~e by ~e Mort6s6ee a~ainet loaa by fic+e, windstor?u and other hazarda, caeualtiea and contingenciea
for sueh perioda and for not leaa than such amounL as ma~ be rtqaired by the Mort6agee and to paq promptly r.hen due ali prcmiuzne
for euch inaurance. The amovnts oi iniu~ance reqnited b~ tLe Mort6a~t Ehall be the minimum amounta for which esid inaurance ehall
Le written and it thall be incumbent upon the Mort6a6or to auiatain sueh additional inenr~nce ae ruay be nereaaar~ to meet •nd comply
fully with aU cainaurance requiremente eontained in said poiieie~ to the ead that the eaid Mortgasor ie not a cainenror thereunder.
Ineurance ahalt- be written bp s company or eompanies approved or deaianated by the Mortaabee and all policiee and renewals thereof
ehell be held by the biort6a6ee. Ail deuiled dcaianatioos b~ the Mort6agor whic6 are accepted by the Mortbagee and all agreemente
between Mort6agor and Mortgagee relatin~ to ineuraeee, now esietin6 or hereafttr made~ ehall be in writins and ehaU be a part of this
mortgege e6reement as fully aa thou6h set farth terbatim hereia and ahall 6overn both parties hereto and t6eir succeaaors and aaai6na.
No lien upon ~ny of baid policies of iruurance or upon ~n~ refnnd or return premium which may be payable on the cancellalion or
tennination thereof, ahall be ~iven to other then the Mort6sZtt, except bq~ proper eadoraem~nt af6xtd to eueh polity and approved bp
ltortge6ee. Each policy o[ inauranct ehsll hase aR'ized thereto a Standard rlew York Mort6a6et Clause withont Cootribution, makinq
ell toae or loaaea nndtr auch policy payable to the Mortaagee aa' its intereat msy appear. In the event anp eum or enme of inoney becomc
payable thereunder thc 111ortgeRee shall have the option to receive and apply the eame on a~count of the indebtedacas hereby eecnred,
or to permit the Mon~a6or to receive and use it, or anq part thereof, withont thercby wai~ind or iropairin6 eny eqnity, tien; or ri6ht '
under and by ~irtue of thie mort6aRe. In event of lo6r or phqeical don~aac to d~e mortRased propetty the Mortga6or ehall 6~ve imme- ~
diste notice thereof by msil to thc Mort6asce and the Mort6aSet moy make proof of losa if the eame is oot made promptly by t6e ~
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