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HomeMy WebLinkAbout1333 ~ F . ~ , ' + ~ . ~ PROVlDEn, ALWAYS. thst it the Mort~aso~ shall pay unto the Mort~+~~ee the indebtedness evidenced by a certain pton~isso~y note of whicb the Iollowin~ in wadt and ~~ures i~ a true copy twwit: '1~~HW~~ ~st~ S4S0.00 Ft. ierce F~«;d, April 28 ~7~3 ~OR vALUE RECEtvED We, jointly and severally promwe cu pay to the order of ~Q~EPH WEINSTOCK AND SA~,fI WEINST~Kr y.,tS h1iF~_ the pnncipat sum of EI_~E,,~HOU~ANI~. FOUR HUNDR~;]~ FIFTY AND NQ / l OQOLLARS, togethe~ with interest the~con (rom date ~t thc nte o( ten petcent, pet annum uetil maturity. both principa) and intereat beinR payable in lawiul money ut ~he United Statee at 2244 Biaeayne Blvd., Miami. Florida, tx at wch othe~ place u the hdden herreo( may deai~at~ in writina. Principal and interoat parable in in~Wlments u tollow~: Eighty-Five ($85.00) Dollars per month, for sixty (60) consecutive months, on the 15th day of each and every month, beginning on the lSth day of July, 1973, and continuing until the 15th day of July, 1978, at which time the balance shall become due and payable. h~s ~ote msy be prtpaid m whole ot ~n patt a[tet one year [rom the date hereo( upon payment of a penalty equivalent co f~ve Dercent of :he p~~~cipal sum prepsid. f ch in-tallment payment rhall bc c~~dited fiirat on the intercst due, and the remainder vn principal; and intrn•t ~hall thrcr- upon ase upun the pnncipal so credited. Th~ mak~n snd ~ndorsers of this note futthe~ s~ee to waive demand, notice o[ non-payment and pwtat. ~nd in thr event uuit ,{uli br brouRht tor the collcetion heteof, or t6e same has to be collected upon demand oE an attorney, to pay tea.conablr attorney's , frr. (or making such collection. ' Drferred parmcnts hereunder slull bear intereet at the rate of ten percent pc~ annum from maturity until paid. 1'hi~ nnt~ is acurrd by a mort~~e of even date herewith and is to be conatrued and enforced according to the laws of the ~tat~ ot fl~xida; up~?n de(ault in th~ payment oi principd and/o~ intereet when dne, the whde sum of pnn~ipal and interest ermaining unpaid sh~lt, at the optioo of the holders, becomt immediately due and payable. ~ ; - (SEAL) ~ =i f ~ (SEAL) - - - and shall pertorm, comply with and abide by each and every the stipulations, agreements, conditions and cove- n~nts uf sa~d promissory not~ and of this deed. then this deed and th, estate thereby created shall cease and be null and void. 1. The Mott~agor hereby cuvenants and agrees: To p~y all and sm~ular the pr~ncip~t and interest and other sums ot moaey psy~ble by virtue o( said promissay note ~nd this deed, or either, poap~ly oe the days reapectively the same severally becoaes due. - To permit, comm~t or au(ftr no wsste a!~d to maint~in the improvements st all tioies in ~ st~te of ~ood repair and cond~t~on. ~nd to do o~ pet~it to be done to s~~d prcmiaes noth~ns that rrill alter or chan~e Ufe use aud chu~cter of s~id property or ie any ray impair or - .e~ten the security ot tAis +eortq{e. Ae?d in essc ot tAe retwal, aeslect ot in~bility of tl~e 1Aat~a~ot to.rCpair and maint~in s~id ptopet- ty, the Mortp~ee m~y, at his optiaa, make aucd repairs or cause the aame to be made, and advance moneys in th~t ~beA~lf. tc) To psy sll and iin{ulu the taies, •ssessaients, levies, liabil~ties. aad obliptiona of everr nature an said describcd property e~ch i and every rAen duc and p~yable accordins [o la~, before they become dCIIAQYlIII~ aod lo delirer to ti?e Notts~~ee on or befae U/arch lSth of e~ch year ~~a receipts erideecin~ the payment ot all lawfully ~mposed t~xes for the pcecedia~ ealeMar ye~r; to indemnity the Mat~~~ee upon his dem~nd fa all aaes, asscs~ments ~nd ch~r~es that n~y ~ssesscd upon this mort~a~e on the indebtcdness s•- cured Ae~eby, and Mid py tAe roatia~ee, rithout rs~ard to any lar heretotore ea~eted a hcrea(ter to Ae enacted imposin~ ~yment ot the rhole w any .~art Ihereot uPon tAe Mor~~~~ee. (d) To p~y all and sintular tAe costs, char~es anJ expenses. includin~ l~ryeta' fees and abstr~ct costs reasonably incurted nr p~id at any time by tAe Mat~~~ee becsuse of the (~ilure on the p~tt ot the titortp~or to perform, comply ~vith an: abide by eacA and eveiy ~Ae st~pulae~oni, a/retn~ents, conditiona •nd corelnants ot said ptomissoty note and this deed. or e~tAer, and evety sucA~p~yment shall bear mte~e~t frae date ~t the rate of ten (10'~.) pcr centua per aenum. ~ (e) It ia turther coven~qted ~od aKeed by ~~id Qasties th~t in We erent of a suit 4eini inatituted to (oreclo~e this mort~~~e. tAc 6tort- € p~ee s6~11 be entitkd to ~pply at any tiae peadin~ such taeclosure suit to tbe coutt h~rins jurisdietion thereof for the ~Ppointwent ot ~ rscei~er ot ~11 and sin~~lar thc ~at~a~cd property. ~nd of all renu. iocames, profits, iiiues and reveeues thercot, from rhauoever j aource detired: and tAereupon it is hereby e:pre~slr covea~ated •ad s~reeQ tbu the Court sh~ll totth~itA ~opoint such receirer with ~ f the wwl oarers and dueies o! reeeivets in like c~sei; ~nd s~id ~yoointwent shall be made by tbe corrt ~s a ieatter of strict ri~At to ; U?c Mort~~~ee, and ~ithout reference to the adequaey a in.dequ•cr ot Me ralue of tAe ptopetty herebr mo~t~a~ed. a to tAe solvency ~ a in~ol~ency of ~he Mort~~sa• a any othcr P~r~y de(end~nt to ~uch suit. The Mort~~~or hereby soeciliealty raire~ tAe ri{A1 ~o ob~ec~ to the ~~oiataent of ~ receiver ~s stores~id and herebr eapre~ily conienq ts~t ~Yeh ~ppointesent sh~11 be m~de •s an ~dmitted eau~ty •nd ~ matter of ~bsolute ri~ht to the Mortp~ee ~nd th~t ~he ~aroe ea~r be do~e rithout notice to the Mort~~~or. (f) J! (oreclosure proceedinp should be instituted •~~init tbe ptooertr corered br tb~~ uort~~~e upoa aay other lita or ct~~m ~hetAer alle~ed to 6t superiot at junior to the lien of thia mortq~e. 1he Mort~aite msy ~t bis option immedi~tely upon IpftllYt10f1 O~ SYCA SYII or duria~ the pendcacy thereot decl~re this iaort~~~e and the indebtedness aeared Acreby due •nd Parable fath~~th end may at its optioe ~octed to foteclwe tAis sort~~~e. _ Th~t t6e Mat~a~or ~rill teep slt reat ~nd personal propertr now~ ot hereafter encumbered by the lien ot thi~ mort~a~e irtsured ~s enay i be tsauired kow tise ~o ti~e by ~he Mortssate ,a.~~~~ ~o~, er r«. wiadstarm ~nd o~her ha:~rds. c~swlties and contin~encics tw such ~ ' per~od~ ~nd for not le~~ th~n ~YCA ~o~oum~ u s~y be aquired Dr tAe Mottp~u ~nd to p~Y pronp?!y +rAen due ~li prem~uas for such ~niur~nce. The ~wo~nl~ of iniwtuce reauired by tbe tiAort~~~et sA~ll be the mip~mwa ~epunts fa ~h~ch aa~d inaurance shs)) be rnuen j aod it ahall Ae incw~beet upon the Abrt~~sor to wirtuin such ~dditioad ~nsur~nce •s m~y be neceu~ry to meet ~nd comply fu11Y W~N ; •11 co-inaunece requirearcnts cont~ined in s~id oolicie• to tbs eod th~t the aaid Mo~t~~~or is no~ s co-inauror ~hereunder.lniur~ece ~h~ll be ~rnttea br ~ cosapr or co~~n~ts ~Pprare3 or des~~n~ted by the Mort~a~ee and ~11 pol~cics and rener~ls thereo( sl?~11 be held br the A~Iw~~~ce. All detailed dcsi~n~tions br tAe Mat{~~or which ue ~ccepted !r tAe Mort~~~ee ~nd s11 t~reements letreen Mort~~~or and Mat~s~ee relat~n~ to ~naur~ace. novr existini or here~tter s~de. sAatl be in nities ~nd ahall be ~ p~rt ot th~s aor~p~e ~~reameec : ~s fully ~a tAou~h iet lwth rere~i~~ hcre~n a~d aha!! ~orern boW p~rties hereto snd their sutcessors ~nd assi~ns. No licn upon ~ny ot ; ~Nd oolicies ot insur~nce or uyan any refund o?tetwn ~emiu. ~fiicb s~r be p~r~ble oe tAe c~ncsllation a tum~n~~ioe thereof. sh~ll r ~ be {iven ~o other ~h~n the Moty~~ee. eaeept br OroPer erdaseiaent •tfiaed to aucA policy and ~Pptored by Mort~~~te. EacA policy of ~ inaw~nce ab~ll Aare ~(tised thereto • Et~nd~rA NeM Yak Mortp~ee Cl~we .~tAout Conuibui~on, m~tin~ ~II IOlt Of IOtilS Ylldlf ~YGIf ~ ~ poticY p~Y~ble to tAe A~ot~p~ee ~s iu intereit ayy ~~~r. (n tl?e erset aay ~wa or suas ot mon:y becowe oayable thercunder iAe Nori- ~~~ee aA~lt h~~c tAe ootion to reeei~e sed aPpty 1be sast oa teeo~r~t d the iadebtedneai Aerepy stcured. or to penah the 11ort~a~oi ` 1o rsceivs ~~d wt ~1, or ~ny Nrt thereof. rithout thetsbr ~~ivin~ or iaw~tip~ any eauitr, lie~. a ri~ht ~nder and by vu~ue of thi~ ! aort~e. !r. event of Iwi or pby~ic~l d~~a~e to tbe wat{~{ed prooertr the INortN{or rhal) ~ive uneedi~te not~ce thercof by ma~( t~. tAe Matp~ee :ed tAt Yortp~tt nwy awke p~roof o! losa if the saene ~a nol n~de p y by the t ,(n eveet nf (ae.ln.ure nt ~ ' r ~OG~~~~ PAGE~~~ , ~ ,r ' s` a y~a'~ ~s"~+-'~r .v~ ~ ~ ;'~._-.~r,~ _ ~~~iw~.~Ls ~~~'~s arr~~ ''-_~c ~ .