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Home My WebLink About0538 o ~ 1'R11~'II)I~.II, :11.NAYS. Ihat ~f the \luttgagor .hall pay untu ~he ~lurtgag« th~ ~ndebtrdnCSS rviJenced hy a certa~n ~rom~..ury notr ~~f wh~ch tht fi~I1~~H~ng in NurJ~ and f~gures ~s ~ trur cupy tu•H~t: ~ - • - ~ - ~ i ~ ~ - rt P_erce s 2,425_00 ~Q ;~~Ftorida AuQU~t 26, 1q1~'. FOR VAI.UE RECEIVED We, 3ointly and severally, promi~e eo pay~ ~ eo the orde~ ot MARTIN WEINGEL AND RUTH WEINGEL NIS WIFE ~ th~ pri~cip,l sum ot Two_ Thousand Four Hundred Twentv-five and L A , together with interest ~ th,?reon iwm date at the ate oi ten petcent, pet annum unW maturity. both principal and intereat being payable in tawiul money o( 7 t h~ Unite d Stata at 2244 Bi~eayne 81vd.~ Miami. Florida. or at wch othe~ place as the hddea hereof auy designate in writen6. ~ P cipal and inte~t payable i~ uutaltraents as tolb.v~: ~ Fifty ($50.00) Dol2ars per month, beginning on the lSth day of ' October, 1972, and continuing on the 15th day of each and every month thereafter untiZ paid in full This note may be prepaid in rvhole a in part att~r one year from the date hereot upon paya~ent ot a penalty equivalent 's io f~ve percent of the principal sum p~epaid. Each imtatlment pay~nent shall be ccedited first o~ the'interest due, and the remainder on principal; and ioterr.t s:haU t6re~c upon cease uFwn the ptincipat w eeedited. The makets ind endoners of thu note furthcr a~ee to vnaive demand, notice ot no~-payment and protest, and in thr event wit ~lull be brought (or the cdlcctan hereof, or the same has to be coUected upon demand ot an attorney. to pay rca5onable attorncy's frr. (or makin6 wch cdlection. DefrRed payments hereundtr ~hal1 be~ inte~cat at the nte of trn perceat per annum irom maturiq until paid 7'his note is acured 6y a mort~e ot even date hcrewith and 'u w be comtrued and enforced according to the laws of tbe ' ~tatc of Florida; upon default in thepa yment ot principd andlo~ interest Mrhtn due, the Mrhde aum of pnncipai a~d intec~e~t rrmainin` unpaid ~hdl, at the option of the lwlden. become immediatdy due and,payabk, _ _G`% ~'=~z~~t ~.-L-~ ~s~~~ t ~ , ~ - f-~ : , ; - - ~s~L~ ~ ~ ~ ar,J ,h~ll perf~~rm, cumply w•~th and abide b~ each and e~~er~• the stipui~tions, agreements, conditions and cove- nant~ uf' said promissor~~ note and of this deed, then this deed and the estate thereby created shall cease and be nult and ~~~~id. 1. The \turtgagor hereby cuvenants and agtees: ' ~ :al To pay all and s~ngular the {xmc~pal and ~ntere~t and other sums o( mon~y paS'ablr by ~irtue of said prum~ssory note and th~s drrd, or e~tner, prexrptly on thr dey~ rtspecl~vely the .ame ~r~rrally hecomrs due. _ > lb? To perm~t, r~xrunit or suffer n.~ ~aste a~J to ma~mam thr ~mpro~~ements at all hm~s m a statr ot 6oud rcpe~r and cond~uon, and to Z do ix permit to be Aone to sa~d prrmurc noth~nE that w~ll alter or chan6t the use and characier of .x~d property or m any wa}- ~mpair or y^_aken the secunty uf this mortgagc. .~nd ~n case of tAe rciusal, et6lect ur mability of the Mortgaaor to rcpair and mainta~n said proper- ty, ~he ~tcxtgagee may, al his opuon, make such repa~rs or cauce [he same to be made, and advance moneys in that behal(. ~ (~1 To pay all and s~n~ular thc taxes, assessmcnts, le~~es, I~ab~l~ties, and ob1~6aUOns of every nature on sa~d desc~ibcd property each ~ and tvery vhrn duc and payable accorJing tu law, betore tney become delinquent, and to del~ver to the Alortgagee on w before MarcA t-- ~Sth of each ycar taa receiptc evidencing the paymrm ai •11 lawfutly impoced taaes [or the prcced~n6 c~lendar year, to indemnity the \fortga6ee upon his demand (or all taies, asses~ments and cnar6e. thst may be assesseo upun ihi~ muztgrgc ur. :he irwzs:c3r.c~s c-- .urcd h~rch~, and paid by iht mortgagee, w~thout re~ard io any iaw ocrciuiwc cr~a..:r3 .x ~+cioa.^.c: Sc :..^.a: ed :a:~~s:.^.g pa)^ste^! e~ ' '4"' :hc +hole ur anv ~art thereuf upon thr \IongaEre. ~ Id1 Tu pa} a;l :+nd s~n~ular the co~tc, ihargcs rnd e~~+rnces, mclwlmg lawyers' fees and ab+tract cost~ reasonably ~ocurrcd or paid at ~ an~ umc M thr \IongrEre btcau.r of ~hr (a~lure un ~he part of the \fungagor to per(orm, cumpl~~ w•~th and ab~dc by each and ever~ Me .t~pu!.,r~un~, agreemtotc, cend~nun~ and co~enants o( sa+d promesson note ~nd th~s deod, or eithe:, and rvery~ such~pa~'ment shall bear ~ntrrr.t fr~m: datr at thc nc~ oi trn 110"`s) prr ctntum pc~ annum. , i ~r) 1: i< tur~hrr co~rnanted and agreed by sa~d parues that in the ecrnt of a su~t br~ng mst~tutrd to (weclose tA~s mnrtEaRr, the A1.xt- 'i gagre .h,,tl he ent~tled to apD~Y at any t~me pending such (oreclosure su~t to thr coun having ~ur~sd~etux~ therto( for the appointment ~a a recrner vf all and singular thr mwtgagrd proper~y, and of all rents, mcomes, prohts, ~ssues and re~enues thereof, ftom ~•hatsoever s~wrcr drrned; and thereupun it ~s hrrcby exprcssly ~ovenaoted and agreed that the Court shaU (orth~ith appomt such receiver ~uh ~ :hr u.ual pu,.rr. and Juues of recener, ~n hke cases: and sa~d appo~ntmertt shall he made by tht court as a matter of strict right to Ihr 11,~rtgegee, and w~thout rr(orertcc t~. thr adrqua.> or ~nadaywcy ot the value of ~he propcrty hereby m~xt6aged, rx to the solvency sn~ol~racp nf eh: Vuitgagcv, or rn~ other part~ drten.:rnt tu such ~wt. The \lortgagor hercby spenf~cally raives the nghi to ob~~ct to [hc rppo~n~ment uf a rrceivcr a~ afaresa~d ~rtd hrrcby raprecsly consents that sarb ~ppomtmem shalt be made as an adm~ned equ~ty end .i. ~ manrr ot ah.olute nght to tfic Stortgagcr and ~hat the same maY be done w•~thuut notice to the Slorlga6or. , U) 1' tnre.in.u~e pr~..eedinss shuulJ be ~n.t~wted aga~nst the property cu~ered by th~s mortgage upon any other I~en or cla~m whe~her elleged to bt su~enw or ~un~or to the hen oi th~s murtgagr, the Murtga6ee may at h~s opt~on ~mmedusrly upon ~nstituuon o( >uch swt or Jur~ng thr pendency therrof declarc this mor~ga(~t anJ the indebt~dnrss secuted F.ereby due and payablr forthw~th and may a~ ~t. , opt~un pro:ced to fcxeclose th~c matgage. 'r IR1 That thr \tortgagor w•~11 keep a11 rcal and persunat propetty now• or hereattrr encumbcrrd by the Iicn ut :h~s mortgage m~ured as may hc rryutted fr~un hm~ to time by the ~luttgagee agamct lo~c by firc, wmd.turm and ~th;r hatards, ca~ualttes and ~unhngenc~es for tiuch y ~ri~ic ar.~ i~>r not less th~n such amounts as me) be ~eyuued by thr ~turt6agee anJ to pay psumptly •+hen Jur all prem~ums fw such inwrancr. Thr am~~unts of ~nsurance rrqwred by thr \1ur~gagce .hall be the mm~mum ~mounts fur xhich ~aid mwiance sha11 bc wr~tten and +e .hall he incumbrnt upon the tlortgag~a to mamtain .u.h addrt~onal insurance a+ may bt nrer.san fomeet and comply fully with ell ~u-in.urancr reywrcmems contamrd ~n s~id pul~r.e~ to the end that tAe ~~:d \1or~gagot ~n nat • co-~n~uror thercundcr.Insurance ~hail b~ •wt~tten M a company or cumpamr. ~ppro.ed or drs~gnatcd bp the ~tort6agee and all pol~c~es and rener~al. thereot shall be helJ ~ !+y th~ ~t~~~t~ager. Att Jeta~teJ Jesignat~ort. by the ~fortEagor which are accepted by !he Sfor~gagee and all egrcements between S1ortRagor • ~ and Mortg;~ge~ relating tu ~nsurancr, nor ea~sung or hereaftcr made, shaU bc ~n ynhr,g and shall bc a pa~t of this mortgagc agreement r. fully a, thou~eh srt torth rerbat~m herem and shall govern both pari~es hereto anJ their ~uccessors and assigns. Mo tirn upnn ~ny nt +a~d polecrc. of enwranct ur upon ~ny refund nr returr. premium which may be pay'able on the ..ancetlat~un or trrm~na~wn th~rcof, .hall b. g~.en tu „thcr than ~hr Slortgager, except by proprr eruiorsement aftucd to such policq ard approvcd by ~lortga6ee. Fa:h pol~cy ni msuranc~ sh~11 ha~c atf~aed thcreto a StaaJard ticw York ~1ort6asee Clause ~uhout Contnbut~on, mak~ng all loss or losccs undcr nucb ;~~1~cy psyab)e thr ~fortga~tte rs us ~nterest may apptar. In the event any cum or sums of money becume pay~bie ~hcreunder the 11ort. i gngcr ~I1JII IId~C the opuon to rrce~.r and apph~ ihe came on account o( the mdebtedness hrrebv .rcured, or to perm~t the \1nrt~aRor to re~r~~r rnd u~e ~t, or an)' p~n therco(, xrthuut thercby wa~ti~ng i~ ~mpainna any eywty, li~n, or nltht unJrr and hy ~~rtue o` thi~ i m~utRegr. In e~rm of Inss or physual d~magc to thc murtgaged properly the Mort6a6or s~iall•g~~c~mmcdutc noticc thcrr~~f by rra~l t~~ ~ !hc 11.~rt~aEre .~nd thr 1lortgeFre ma~' makc pr~~ut .~t tn.. if th~ .ame i~ not maJr prumptfy b~ ±h~ \lurtgagot. (n c~rn~ ut torc~tn~ure nf ~ ~ ~ - ~~x ~ 537 ~ _ - ` ^ _ _ .