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~rilut~lQi~ ~1~111M1~8~ tlaat if sai~d ~~tort~a.$or slcall pa~ tc~:to tlac saicl Jliart~rt~'ee
tlee certui~~ promisav~y.~aole, oJ' zvl~acli~ tlie follorui~i~ i.~t wurils and ~i?gcc~~es is ~a true cop~,
to wit: ~
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s 20. U00. 00 - sTUnRr, F~a~a., A~'ril. ~~82
FOR VALUE REC~IVED tM u~da rnd, jo~ntl snd wv~nHy. PROtJI1S TO PAY !o ti~e ~d~r ni
~iR. 11~ID. Il~ a F~oricia corporat~.on
_ T~~E'?ITY TI~JIJS~AI~H) and NO lOO ---------------------------------°--------r--------- t~OLLARS,
---~140_N.E, 16~rd Streety Nc?rt~ Mia~. Beach, F~ori.;a~~~T~~ a~ ott~ piaa st eM he?idK
M~r~ot may d~siy~st~ in writin~, to~tMr with int~rat from dat~ ih~ rsto ot .~.i~1~pK eentum p~r annum on tM w+p~id bNane~ u~tN ~rNtwky.
Th~ sii~ p~~ncip~l ~nd inta~st shNl b~ du~ ~nd pay~bl~ g~ fO110WS : Begirming Se~te~nber . 25 ~~9$2 ~~~lE 3t171 Of
$2, 000. QO shali be p~aid rnl the 25~h day of each and every manth imtil satisfied. Thi.s
note may be pre~:,aid in whale or in par~ at any time without pen~lty. . ~ .
1~ d~f~ult be matl• fu~ ~..1~d~ys ~n the payment o1 any tnStallmeru rf pe:~c,pai ur r any part th~reol, lhe whole sum lh~n r~malnlny
unp~id vvllh int~?OSt ihall at I~old~r's opt~on bscom~ due and Da)'~D~e witho~i! notice, f- ! to azer C ~Il nOt COnS ta a walwr of th~
rlyht to ~x~rtlse lhe same in th~ ~wn1 0l suDSe~uen! d~lauit. A1ter ~n~luNly b~~lf~ pnn ~I ~nt1 accr ~s ai1 b• r inUrost at~p~r ~antum pa
snnum untll psld. The niaMrs antl •nGorsers ol thls nots turlhe~ waive dtlmand, n IC! of sy a prot~sl I( t~IS nOle iS not pald ~t rtl~tuilty ~
~nd IA• sam• is placed wfth an ~~(orney tor collectlon, the make~s and N to y II yts ol c sct~on, Including ~tl court toKf and
iaasonable allorn~y Iees.
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_ Fotios P "os
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~ arid sl:all ~erfo~na, contplJ rvith a~rd abi~le bj e~sc)i a~icl every the -stipulations,
dg'reements, conditio~as and covendnt~ of said nronaissorz,~ nofe and of this deed, ~hen
~ this deed ~nd tl~ estate h.erebJ created shall cease and bs null and L~oid.
~ .~t1-il. the said .hlort~sacgor hereby covenants and Q~rees;
.1. To pay all ancl singular the nrincip~l and interest. a~:d otlaer sums oj moner~
payable bJ virtu.e.of said pro»2.ass~~ry nofe..a~icl this ~leeci, or eit.)aer, pr~naptl~ on tjae
da~s respectively the sa~rae severally cor~ie due. . .
To pay all a~a~ si~t.gtclar tlae taxes, assessnaen.ts, leuies, liahili.ties, ~,bligatians
an.d encumbrances oj ever~ nat:cre on sai~l t~escribed FropertJ each and PverJ, and
if the same be not promptly puid the said ~'~tort~sac~ee mu~ at ciny tirrr.e pay t/ze same
with~ut waiving or af}'ectin,~ the optian to forectose or any ri~sh~ Itereunder, and ezerr~
' payment so made shall bear interest from the date ~hereof act the rate ~f i8
per cerat. per acnnum. ~ ~ : ~ ~
~ ~ ?`o pay all and singular ~he costs, char~PC an~l e.xpenses, i.~aclu.~iing lawyer's =
fees, reasona,~ily incurred or paid at any time by said .hlort~sa~ee because of the failure
on the part of the said .hlort~a~or -~o perfo;•m, comply with arad a.bide by each and -
euery the s~~pulations, ac~reements, condi~ions and coaenants Qf' said protni-s.cory note
~ und this deed, or either, and every such payment sluxlt bear ir`terest from date at the
rdte of 18 per cent. per annum. ~
To kee~ t.he building ~ notu or he~eajtet o~i. suicl land insccred in a sum not ~
~ less Lhan hi~g,Yiest insurable value ~
- ~ i~n a company or eompa~aies to
be approaed by saial .~fort~'a~ee, and ~he policy or policies held by and payable to said -
.~fortgac~ee, and i.n th,e even~ any sum of monPu becomes payable under such policy or ~
' _ palicies, the .Ji~fort~sa~ee shall have the option ta receive and c~pply the sarr~e ori cr,cc~unE
of the in-debtedness h.ereby secured or to p~rmit the Jrfort~sa~sor to receir.~e aend use it, or
any pctrt thereof, for oth,~r purposes, wijli~u~ tlcereby w~zivin~ or i~npairin~¢ any equity
tien or right under ar by~virtue of this rnortgc~ge, ar,d may place and pay for such ~
. insurance or any par~ the~eof, wathout wc~ivan~ or af~'ectin~ t,~,e option to foreclose or
~ any right h.ereund_er, and each and every such pacyment shall beccr interest from date _
= a.t the rccte of 1R, per cent. per annum. -
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