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Home My WebLink About2036 PRl1\'I[)F11. Al_1AAYS, that if the \lortgagor ~hall pay unto ~he ~btt~a~ee the ~ndebtedness evidenced by a ~ena~n ptumi~soiy r?ote of which the foll~wio~ in wucds and fi6ures ~s a true capy t~~-N~t: ~ ~ ~ ~~H~~~ f~.~375 _ 00 Fort Pierce, June 15~,_ t9.J.~,~ FOR VALUE RECEIVED PrO1""' 1O P~Y co the orde~ ot MARTIN WEINGEL AND RUTH WEINGEL HIS WIFE _ ~h~ princ~pal wm oI Two Thousand Three Hundred Seventy- five an~b . , ther with iete~est thereo~ iwm date at the nte of tea perceot. pet annwa until matu~ty, both principal and interest beir~ p~yabk io Iawlul money ut the United ~tata at 2244 Bucayne Blvd., Miami, Florida, ot ~t wcb otber place as the hdders ha~eof mnr d~si~ate in writin~. : Pnncipal and interest payabk in in~uUmenb a~ idb~rs: { Fifty ($S0.00) Uollars per month, beginning on the 15th day of August, ~ ~ 1972, and continuing on the 15th day of each and every month thereafter ~ until paid in full ~ ~ This note may be prepaid in wlwle or in put a[tet ona yeu from the date hereof upon payment of a penalty eQuivsle~t ~o f~ve percent ot the principal sum prepaid. Each inatallment paYnient shall be etedited Cnt on the inte~t due, and the remainder on principal: and intere•t %hall tbe~r upon cease upon the principal w credited. Tiie makees and endotsen ot this twte furthe~ a~ee to waive demand. notice of non-payment and ptotest. ar~d in thr event w~ ~hall be brou6ht [or the collection hereof, or the ame has to be eollected upon demand o[ an attomey. to pay reasonabk attansy' ~ frr> for makin` such cdkctan. ` Dekrred paymenb hereunde~ ~hall bear intere~t at the nte of ten petcent per annum fwm maturity until ~aid• - ~ 7'hia note M acured by a nart~e of even d~te hereM?ith and is to be eonstrued and enEorced aecordu~ to the laws ot tiN ~ ~tate of Florida; upon def~ult in thepa yment of principal aedlo~ interest when due. the whde w~a+ oi pnncipal and inbKit rrmainin` unpaid shdl. at the option of the holdcn. beeome ~aune ' due and pay - ~ 4--r-s-~- cs -1 ~ ($~l.) :lfiJ ~hall perform, comply with and abide by each and every the stipulations, agreements. conditions and cove- nants of said promissory note and of this deed, then this deed and the estate thereby created shalt cease and be null and void. 1. ~'he hlortgagor hereby covenants and agrees: ~ lal Tu pay all and s~ngular the principal and inurest and other sums ot money payable by rirtue of said pranissory note and th~s ~ deed. ~x e~ther, promptly on the dsys tespect~vely the same severally becomes due. lb) To permh, commit or suffer no waste amf ~o mamum the ~mprovements at all times ~n a state of ~ood repair and cond~tion, and to ' ; do or perm~t to be done to sa~d prem~ses aothin~ that +•~11 alter or chsnse the use and character ot sa?d property or in any way impair or ' M~eaken the se.unty of this murtEaae. And in case of the retusal, neslect or inability ot the Mort~asor to repair and maietain said proper- G ty, ~he MortpEee may, at h~s ophon, make such repa~cs or cause the same to be made, aad adrance moneys in that behalt. ~ (c) To pay all and c~n~ulu the taxes, assessments. lev~es, liabilities, illd J~II~~lIOIIS O~ CYIfY Oi[YfC 00 S~Id AtSCItbCd pfOptfly CiCII ; •nd rvery When due and payable accordios to law, before they became deliaquent, aad to deliver to t6e Mortsa~ee on or be(ore MarcA ~ ISth of each year tax receipts ev~dencin6 the payment ot all IaW(ully ~mposed taxes for the precedins ealendar year; to indemnify the ~ Mortgaeee upon his demaad (or all ta:es, ssses~ments and char~es that may be assessed upoa this mottsase oo the iadebtedness s~- ~ curcd hereby, aiul paid by the mortEa6ee, aithout regard to any ta~r heretofore enacted a hereatter to be enacted imposins payment oi the rhole or anv ~+art thereof upon the ~tortsa~ee. ~ 1d1 To pay all and sin6ular the costc, char6es and expenses, includ~n~ la~ryers' fees snd abstract costs reasonably ~ncurred or paid at any umc hy thr \f~xtg~gee because of the (a~lure on the part of thc Mortga~or to perform, comply ~r~th •nd abide by each snd every the ~ sc~pulaewna, agrcemcnts, cond~tions and corenants of said promissory note and this deed, a e~ther, and every sucA~payment shall bear ~nterest (rom Jate at the nte of ten llOS) per cenWm per annum. • Ir) It ~s (urther co~enanted and a~reed by said part~es that in the evrnt ot a suit be~n` insUtuted to toreclose tb~s mott~a~C. ~e Mort- ! gasee ~hall be entitled to apply at any ume pendina such (oreclosu~e suit to the court hsvins junsdictiaa theceof for the a~po~ntment of a rcce~~er of all and sin6ular the mort6a~ed property, and ot all tents, ~ncomes, prof~[s, ~ssues and revenues theteof, from vYhatsoever ~ SW(C[ derived; and thereupon it is hereby expressly corenanted snd a~reed that the Court shali torthnitL sppoint such regeiver With ; the u.ual pow~rr~ and dunes of receners in like cases; and sa~d appo~ntment shall be made by t6e court as a matter ot sirict ri~ht to ~ thc ~1~xtga6ce, and r~thout re(erence to the adequac~ or madeQuacy of the value ot the properry hereby mortpsed. or to the ~olvency ' or ~nsolvcnc>~ of the \fortgagors or any other psny de(endant to sucA su~t. The A1or~6s~or heteby spee~t~cally ~raives tht ri`bt to ob~ect ~ ~ tu [he appo~ntmen~ o( a receiver as aforcsa~d and hereby eaptessly consents that suc1~ appomtment shall be made as an adm~tted equ~ty ~ and as a matter o( ~bsolute ri~ht to the Alorteasee and that t6e same may be done w~thout notice to the Mortsa~or. ~ ~ If (orc.l„surc pr.,~ecd~nas should be ins[~tuted agamst the ptoperty covered by this mott~a~e upon any other lien or cls~m whether ~ :?Iegcd to be super~or ot ~un~or to t6e I~en ot this mortaase, the Illortsaset may st his opt~on immediatety upon ~nstituuon of such su~t ~ or dunn~ thr pcndeacy thereot declarc this mortp~e and ths indebtedness secured Kereby due and payable twthw~tA and may at ~ts apttun proceed to foreclose th~s mort~a~e. (sl That the ~1ort6a6or vill keep aU real and personal property nor a hereafter encumbered by the I~cn of :his mort~ate insured as may j ~ be rcquired frcxn time to time by the Mor~sa~ee a~ainst loss by fire, M~~nds~am and o~her hazards, caswlues and conun~enc~es tor such ~ pcnai. ami f« not less than such amounts as may be roQuued by the Mortq~ee and to pay promptly when due all premiums (or such ~ m.urance. The amounts of insurance required by tAe Mortaa6ee shall be the mio~mum amounts for wh~ch sa~d ~nsurance shall be wr~tten ~nd it shall be mcumbent upon the Mortsa6or to mamum such addiuonaf msurance as may be necessary to meet and comply tully x~th ~ all ceru~curance requirements contamed m said pol~cies to the ead that the sa~d Mortta~or ~s not a co-~nsuror thereunder.lnsurance ~ .hall bc wntten hy a company or coa~panies approved or des~~nated by the Mort~a~et and al) pol~cies and renewals theteof shall be helJ ~ Ay the ~tu~~ga6ce. AII detailed des~~nauons by the Mortsa~or wh~ch are accepted by the ?fort~atee and all asreemeots between Mortp6or ~ and Mortgatee relat~nE to msurance, no~v ex~shn~ or hereafter made, shall be in rntin~ and shall be a part of th~s mott~a~e a~reement ~ ~ as Eully as ihouEh set forth verbat~m hercm and shall ~ovem both parties hereto and H+e~r successors and assi~ns. No lien upon any o( ~ sa~d polic~c. of msurance or upon any re(und « retum prem~um w~hich may be payable on the caneellahoe a terminauon thereo(, shall ~ be e~ven ~o othrr than the Mor~sa6ee, e:eept by proper endorsement affixed to such poLey and approved by Mort~s~ea Each pol~cy of ~ msurance shall ha~e a(fixed thereto a Sta~ud Nev Yotk Mott~a~ee Clause v~thout Contnbupon, eukin~ all bss a losses unJer auch policy paYable to ~he Nortp~ee as ~ts ~nterest may appear. In the event any sum or sums o( money becane p~yable thereunder the ~tort- ~ grgre .A~II have the opuon to rece~ve and apply the same on account of tde mdebtedness-hereby secu~ed, or to pe~mit the ~IortEaEor to rcce~vc and usc or any part thereof, rithout tAereby waivm~ or ~mpamns any equrty, lien, or n~bt under and by vuwe of thi, ~ ~ mixtga6e. In e~•ent of loss ot phys~cal dama~e to the mort~a6ed property the Mort~a6ot ah~ll~~iye ~mmednte not~ce tAercof by r.:a~l to ~ the ~1urtEa~c~ anJ the flortEaEee may make Mouf of los. ~f the same u not m~ds•prompt~y by the \lortsasot. In event of fore~ln.ure o( ~ c , O ~ V~rWV ~ ! ~ ~ _ ~ w ~"`z,i ~ ,~.,W~ ~.^'C,~':.w ~ : s~,-'~ ;r,- w3'~~ _~,'s.~'-'-• _ l . ' 4~ " _ . _ _ _