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Home My WebLink About2167 . ' PROVIDEn, ALWAYS, that if the Mortga~or shall pay unto thc Mort~agee the indebtedn~ss evidenced by a certain promissoty note of which the followin~ in words and tieur~s is a true ~opy tawit: ~y~~ l~ ir~ ~ 3950.00 1?t~.m~, Fto~~d: September_ 9 ~7j1 ~ FUR VALUF RECl~:IYE:U I p~omise tu pa~ t~? thr urdcr of ~1ILLIAM WILENSKY AND IDA SHIRLEY WILE SKY thr princip~l :um of ree ousan ne Hun re y an no~ I.LARS, togethet with intrtr~l t~lr~ru~ [rum date at thr ~ate ot trn perce~t, per annum until matucity, both principal and intecest being payable in lawfui money u( tli~ V~itcd ~tates at '.'.°.~-1•Bi•caynr Blvd., ~liami, Florida, or at such olher place as ihe holdets hereof nuy designate in writinK. P~~incipal and interect payable in installments as follows: Seventy ($70.00) Dollars per month for sixty (60) consecutive months on the 15th day of each and every month beginning on the 15th day of November 1971 and continuing until the lSth day of i~ovember 1976. at which time the balance shall become due and payable. This note may be prepaid ~n w•hole or in part after one year from thc date hereof upon payment o[ a penalty equivalent tu five petcent of the principal surt~ prepaid. Fach in~tallment payment ~hall be credited (irst on the ic?terest due, and the remainde~ on principal; aod interest shafl thrn- upon ceasr upun thr principal w credited. ~ The mak~n and rndo~en of this note (urther agree to waive demand, notice of non•payment and protest. and ia the event suit ~l~a!! br brought for the collection h~reo[, or the same has to be collected upon demand of an attorney, to pay reasonable attorney'x !r (ur making such roll~ction. Deferred payment. hcreunder ~hall bear interest at the ~ate o( ten percent per annum fmm maturity uetil paid. 7'his note is cecurcd bY a mortgage of even date herewith and ia to be construed and enforced according to the laws of e ~t t~ oi Florida; upon drfault in the payment of principal andlor interest wfien due, the whole sum oi principal and inte st r.~maining unpaid shall, at the option of the holde~s, become immediately due and payabie. , ' ~ ~ '/2- . ~ c C r' : (SEAL) - ~ (SEAL) Ptepared by ~pieler d Tendrich, Attorneys - 224Q Bieeayne Blyd., !~1umi. Florida and shall perfotm, comply with and abide by each and every the stipulations, agreements, conditians and cove- nants of said ptomissory note and of this deed, then this detd and the estate thereby created shall cease and be null and void. 1. The Mortgagor hereby covenants and agctes: !a) To pay all and sin~ular the princ~pal sod mteres~ snd other sums of money payaDle by virtue ot sa~d prom~ssory note and th~s deed, or eitAer, promptly on the days respectivcly the came sevcrally becomes due. (b) To permit, eorHait or sutter no ~raste a~d to ma~nta~n ~he ~mprorements at all t~mes ~n ~ state ot ~ood tepa~r and cond~tion, and to do or permit to be da?e to ss~d prem~ses nothms that ~v~ll alter or cAsn~e the use and cA~racter ot s~id prope~ty or in any way ~mpair a reaken the secunry ot th~s mort~a~t. And in case of-the re[usal, ne~lect or inability o( the ~lortsasa to repa~r and an~intain s~id proper- ty, the Ma~p~ee may, at h~s op~~on, make such repsirs a cause tAe same to be made, and advance moaeys in that behalt. (c) To pay all and s~n~ula~ the taxes, assessments, levies, I~ab~lu~es, and obli~ations ot every nature oo said described property eacA •nd every WAen dut and payaDle accord~n~ to law•, befae they become delinqut..t, and to deliver to tAe Mortta6ee on or belore MarcA ISth of e~cA year ta: receipts evldencin~ the paymtnt ot all Isr•fully ~mposed taxes tor the precedin~ talendar year to ~ndemaify lAe . Mat~a~ee upoo his demand (or all taxes, assessmee~s and charses that msy be assessed upon this mort~a~e on Ne indebtedneas s•- cured Aereby, and pa~d by the mortpsee, w~thout rceard to any law heretofote enacted ar hereafter to be en~cted imposin~ ~ayment of' tAe rhole or any ~art thcreof upoo tAe Morti~i«- ldl To pay all and sinsulu the costs, charaes aod eapences, includ~n~ laryers' teea and absuact costs teasonably ~ncurred ~ paid at , any t~me by the Mortaa~ee because ot the ta~lurt oa the part of tAe Mortp~or 1o petform, comply vith and ab~de by e~ch and evecy the stiputat~ons, atteements, cond~t~ons and covenants of said promissory rtote and this deed, or ei~her, and every such'p~yment sAall Dear ~nterest from da~e al the rate of ~en (10'4) per centum pec annum. i le) It ia turther covenanted and a~reed by sa~d parUes that m the event ot a suit bein~ instituted to toreclose thia mortp~e, the ~lort- ts~ee shall be entitled to apply at any time pend~n~ sucA foreclosure suit to the court havins jurisdiction thereof for tAe appomteent ~ o( a recciv~r of ail and sin~uler the mwt6ased property, and ot sll rents, incomes, protita, iaauea •nd rerenues thercot, ftoie what~oever i source derived; and thereupon ~t ~s Aereby eipressly covenanted and asreed that the Court sMil totth~ith appo~nt such rece~ver vuh ` I the usual po~rers and duues of receivers in lite cases: and sa~d appo~ntment shall be nude by the court as a matter oI stritt njAt to ! the Mort~a~ee, and vithout reference to the adequacy or inadequacy of the valut o( the ptoperty hereby mort~a~ed, or to the solrency ~ or msolvency ot the Mort~a~as or any other party drfe~dant to such su~t. The Mwtp~or hereby apec~hc~lly waives the nsht to ob~cc~ to the sppointment of ~ receiver as aforesaid •nd hereby eapressty crosents t1~at sucA appo~ntmeat shsll be ma0e as an admi~ted eQu~ty and ss a matter of absotute risht to the Mort~a~ee and that the same may be done v~thout notice to the Nort~a~or. If torcclosurc proceed~o~s should be inatiwted a~ainst the property covered by th~s aart~a~e upon any other Iim or clum WAether al{e~ed to be supenor or ~unior to the hen of this mortp~e, the Mat~asee may at his option ~mmed~ately upon instiwuon of sueh su~t ~ a durin~ the pendency tdereot declarc th~s more~ase and tAt irtdebtedness secured hereby due snd psyable fathwuh and may at us ophon proceed to toreclose tA~s mort~ase. . (~l TAat tAe Mortpsot ~ill keep ill real and personai property nor or hereafter encumbered by tAe lien ot th~s mort~a~e ~nsured as may be required trom time to time by the 1~tortta~ee apmst loss by hre, w•~mis~orm and other h~urds, c~sualt~ec and con~m~enc~es fur such pcr~ods and ~w not lea~ than such ~mounts aa msy be required by the Mortsasee •nd to pay promptly when due atl prem~ums (or such ~nsur~nce. The amounts ot msurince required by the Mort~a6ee sh~ll be the min~mum amounts for rh~ch sa~d inswance shall be wntten ; and ~t sAall be mcumbent upoo the Mortp~or Io mamta~n such add~UOOaI msurance as may be necessary to meet and comply fully w~tA ' aIl eo-~naurance requitements con~ained m said policies to the end that the said Mortsa~or is not a co-msuror thereuader.lesunnce shall be Wntten Ay a company m canpan~es approved or des~6n~ted by the Mortsatee and all po)ic~es and renewals thereo( shall be held by the Mo~tpsee, AIl deta~led des~~nations by the~Mortaa~or wA~ch are accepted by the A}ort~a~le and al! ajreements betaeen Morts~tor ; and Mortaasee rel~t~n~ to insur~nce, now existin~ or hereafter made, shall be in vritips and sh~ll be a part ot this m«tsase a~reement ! as tully ss thou`h set fath verbat~m herein and shall s~vern both parties hereto and ~Aeir successors and ass~sns, No tien upon any of ~ ~aid policies of insurance or upon any refund or return premium rhich may be paysble on the c~ncell~tion a termin~tion thereof, shall i be ~~ven to other than the Mort~s6ee, cacept by propet endorsement att~ied to such policy and approved by Mort~a~ee. EscA pol~cy of ~ ~nsursnce ahall ha~e a(tiaed there~o a Standard Ne~ York Nortsa`ee Clause ~ruhout Cont~~buuon, makies all loss or losses unJer yuch 'e, policy payable to the Matp~ee as its ~n~eres~ may ~ppear. In the erent any sum or sums of money becane payable thereunder the 11o:t- ; {a~ee ahall havt the ophoa to rcce~ve and apply the same on ~ccount of the ~ndebtedness hereby s cwed, or ~o perm~t the Nort~aEor i 1o rece~ve and we ~t, or any part thereof, wiihout thereby waivins a~mpauin~ any eQtuy~. Tlso~ ~ ~i~At undcr and by vutur of t/~~. i _ morlisse. In event o( loss or phys~cal dama~e to the mort~aRed poperty the Mort~a{or a6a11 ~~ve ~mmed~~te nouce therco( by rra~l to ! • I ~ lht Mort~a~ee and ~he Mwlea~ee may make prouf o( loss ~t the sAme ~s not made promptly bp tl~y !11ort~a. In etirnt of (ore~l~.~ure of ` . - gooKsg5 ~~E2i65 - ~ . - • , . : £ ~ ..c.~ . . ~ . I