HomeMy WebLinkAbout2752 PROVIDED, ALWAYS, that if the Mortg~aBor sh~lll pay unto the Mortgagee the indebtedness evidenced by a
certain promissory note _of which the followii'Cg in words and figures is a true copy to-wit:
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a- 2.,375_..00--------- F t I'; rce, _ . - ---April__19,_ . ~~~75 ~
F~~tt ~ ~~I.l'F: ItF.c:F:l~'1•:u - - WE,-.loint ly _ and severally,- t~~~~~~~~,•
t~~ ~li~• ~rd~•r _ MARTIN WEINGEL _ _ _ _ . '
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~~~r ~:~I ~~f _ , . - _ - an ~00 •
{ 1 TWD_-THDUSAiyD__THRE~11lINDh~.D__SEVENTY._ FIVE ~i1~~11t. to;;rth~•r Milh ~nlrr~•-t x
thrrrun fruo? dalr at thr rat~~ uf l~•n prn•~•nt, prr annuo~ unlil matu~ih. l?utl~ prinripal arid inl~~rc~t brinR E~a~aLlr in IawG~l nwnr~ .,I
th~• l nitrd ~talr: at '''.tl-1 lii~~•a~n~• 13hd.. \liami. F~lorida. ur at ~u~•6 utlu•c pla~•c a. th~• I~ulden h~muf may dr.i~nrt~~ in Nritiur-
I'rincipal ~nJ intr~r.l payabl~• in in•tallme~t~ as fulluN•s: ~
FIFTY-FIVE ($55.00) DOLLARS per month beginnin~ on the lSth day
of June, 1975, and continuing on the 15th day nf each and every
month thereafter until paid in full.
Th~s nrtemay be prepa~d ~n Whule or in part a(ter une~ear (rom the date hcrcu( upon pa~•ment of a penalty eyu~~•airnl ~
( tu ri~lil prr~~~ iit ~~1 lhr ~~rin~•ipa) ~wu' prr~~aid. .
F:a~•h u~>talltn~•nt ~~a~ ~n~•nt ~hall I~r ~•rrdil~•d finl un thr u~trrr>t dw•. and thr n•~uaind~•r uu pnncipal: and inlrr~•t ~hall Ih~•n•-
u~~un rra-~• npun th~• prin~•ipal ,n ~•n dit~•d.
I 71~r makrr~ and ~•ndunrr~ ul thi~ n~d~• Iurlh~•r a~rrr II~ N':11\'Y III'llldlll~. UU(11'1• 11~ flUll•`IJ\ 1111•tl~ JIII~'/(ULP>t, and in thr ~•~~•nt -uit
~ all I~r bruuKht (ur th~• ~ ullr~•tiun h~•n~uf, ur lhr .amr ha. tu br cull~ctrd upun d~•uiand uf ;~n allurm•y, tu pa} re•awnaLl~• atturn~•v
f lur uwkink ~urh ~•ullr~•tiun. '
i (1~•G•rmd pa~ m~•nt~ hrr~•und~•r ~haU hrar int~•r~••t at th~• ratr of ten p~~n-~•nt p~•r aonum Iruin rnaturit~~ until ~~~id.
7'I?i< nctr i: ~~urrJ hy a~nurt~aKr ~~f rven datr hrr~with and is to ~~r_ ~•on~tn~~d and eniorred a~~cordin~ to thF la~.. nf thr
; ~tat~• ~i( Flunda: upc~n dPfault in_thr F?ayment uf prin~ipal andlor interrst when ~iuc, the whule ~um of prini•ipal and ii~tPr~•l '
i n•mainink unpaid ~hall, at 1hr option uf thr huldrn, be~•ume immeJi~ I}' due ~antl pa~•at?le.
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i'rrp~rrd t~~ ~pKl~r ~I~ndn~h. 11torn~}: I.L111 Hlvayn~ Nlvd.. 11iam~. Plurida i
auu s per orm, comply with and abide by each and every the stipulations, agreements, conditions and covenants
of said promissory note and of this deed, then this dee~ and the estate thereby created shall cease and be null and void.
1. The Mortgagor hereby covenants and agrees:
lal To pay all and ainguler the principsl and interest end other sums o( money peyaWe by a~irtue ot said promissory note and this deed, or either,
prompdy on the days respecti~ ely the same se~•erafly bemmes due.
' 1 bl To permit, rnmatit or suffer no weste and to maintain the impro~•ements at all times in e state of gaod repsir and condition, and w do ot permit to be
doae to said p~rmiaea nothing that will alter or chs~ge the use and charaaer ot said property or in any wsy impair w weaken the aecurity of this
mwtgage. Aod in tase of the refusal, neglect or insbility ot the Mortgagor to repair and maintain said property, the ~fortgagee may, at his option, malce
such rop~in or uuse the ~ame to be made, and advance moneya in that behtlf.
Icl To psy all and singular the ta:es, assessmenta, levies, liabilities. and obligations of e~~ery nature on said dexribed property each snd every w~hen due
and payeble ~wrding to law, be(ore the~• become delinquent, and to deli~•er to the Mortgagee on or before ~tarch I5th of each year taz reeeupts
e~ideacing the psyment of all lsw~fully impoaed tazes tor the preceding calendar year: to idemnify the Mortgagee upon his dema~ tor a11 t~es, aseee,+
mmts and c!?arges that may be assesxd upon this morigage on t6e i~debted~s aecured hereby. and paid by the morgagee. without regard to any law
here W fpte emcted or haeafter to be enacted imposing psyment of the w~hole or any part thereof upon the :Nortgagee.
I
Idl To p~y all and singiilar t6e casts, cFurges and e=penaes, including la~ryers' te~ and abstract oosta reasombl ~ncurrod or
Mortgagee becawe of tbe failure on the psri ot the ~iortgagor w pertorm, oomply wieh aeid abide by each end e ~ at eny time by the
' very the stipulstions. agream~ts.
; conditions and covenants of xid promia~ory note and thia deed. or eith~, and e~~ep• such payment shall bear interest from dete at the nte of tan 1109E1
per centum per annutn.
~ lel It is furthet covenented and agreed by said parties that in the e~~ent of a suit being instiwted to foreclose this mortgage, the Mortgagee ahall be
f entitled to apply et any time pending such foreclosure suit W the oourt ha~ing jurisdiction thereot for the appointment of a necei~~er of all and singu4r the
~ ~LBaB~ ProP~Y. and of all renW. incomes, pr~ta. issues and revenues thereof. from whatsoever ~ource derived: and tliereupon it ia he~eby eYpresslY
; co~-enanted aad agreed chst the Court shall forth~rith appoint such reoeiver with the usuai powers ind duties ot rueeivera in lilce casee: end said apppint- l
' ment ahall be made by the eourt as a matter of atrid rig6t w tM Mortgagee. ~nd w~ithout retera~ce co t6e a
i dequacY ar inedequ~cy ot the value of the pro-
; p~tY hereby mortgaged. or to the solveacy or insolveacy of the Mortgagors or ~ny other party defendant w suc6 ~uit. The Mortgagor he~eby specii. ~
icaUy wsives t6e right to object w the appointment of a receiver s~ atoresaid and hereby ezpreasly aonseots that suc6 appointmmt shtU be m~de aa ~n S
i admitted equity and as a matter of absotute right to the Mortgegee end tlut the same m~y be done without notice t~ the ~fortgsgor.
r.
i It1 If torecloaure proceedings should be instituted against the pruperty covered by this mortgage upon any ot lien or cWm whether alkged to be
i superior or junior to the lien of thia mort~ge, the VortgaRee may at his option iminediacely upon instiwtion ot s suit or during the pendeacy thereof
declare this mortgage end the indebtedness secured hereby due and payaWe totthwith and m~y at ita opti~ proceed orocbx this mortgage.
1 gl That the Mortgagar wiU Iceep aU real aad personal property now or hereaher enwmbered by the lien of this mortgage in n~d ~s m~y be required from _
time to time by the Mortgagee agauut los~ by tire, windstorm and other hszuda, caaualties and mntingencies tor such perioda ~d for not 1~tLan
auch amounts es mey be rcquired by the Mortgagee and to psy promptly wh~ due all premiums tor such insurance. The emounte ot insuru~ce rocptired
by the Ntorga~ee sMll be the minimum amounts for which said invurance shall be written and it sMU be incumbent upon the Mortgagor to m~intain such
additional insurence a~ msy be neceasery to meet ~nd comply fuUy with ap coinsurance requiranents contained in said poliue~ to the end th~t the atid t
I1lortpgor is nat a co-insuror thereunder. Insurance shall be ~vritten by s rnmpeny or oom s e {
cies and renewals thereof shaq be held b the 4tort a ~rO~ °f desigruted by the Mortg~gee and al! poli-
y g qee. All detailed designations by the Mortgag~or which are accepted by the Mortgegee and all ~gree- ~
ments between Mortgagor and :lfortgegee relating to insurance, now~ e:isting or hereafter made, ahall be in writing and ahall be ~ p~rt of thia mortgage ~
~ agreement as fully as thoug6 set forth ~•erbatim herein and shall govern both parties hereto and their auooes~ors a~ usignx No lien upoe any of s~id
; policies o( imursnce or upon any refund or return premium which may be peyable on the cancellatan or termination tl~exeof, ahsll be given to otMer tAan
; the Mortgagce. euept by proper endqrsement affized to such po6cy and epproved by Mortgagee. Eac6 policy of insur~nae shall have af5sed tl~eto a k
Standard New York Mortgagee Qnuse without Contribution, making all loss or loesea under such potity peyabk to t6e Mortgag~ee as ite inteest may ~p~ ~
pear. ln the event any sum or ~ums ot money become payeble thereunder the Mortgsgee ehell have tAe option to receive ~nd ~pply che aame on acoount
of the indebtedness hereby secured. or to permit the Mortgagor w receive and we it. or any part thereof. rvitlwat thereby waiving or imp~iring any equi-
ti, lien, or right under aod b~• virtue of this mortgage. ln event of bss or phyaical damage co tbe mortgeged propeKy the Mortg~gor sfiall give imins~ats
' ~ gooK238 P~~E2745 -A .
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