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HomeMy WebLinkAbout0905 . . j • a~ . : . ,~~:t ' PROVIDED, ALWAYS. tbst U the MoNppr ~all pa~? unto the Mo~tsa~ee tbe iudtbtednw eWia~oe~ y? ~ oatai~ pwa~iMOrr eote oi which tbe toqowint in wads and tisura M~ true ¢opy to-wit: ~ ~~e 2~ s[~,95~_00 Fort Pierce, __F~orida March 3, 19 79 ~ FOR VALUE RECEIVED promix to psy " f to the ader of ELIAS WEINROTN AND MOLLIE WEINROTH HIS WIFE - ~ ~ - the principal wm of FOUR THOUSAND NINE HUNDRED FIFTY NO 100 ppLLARS, ~o g ether wiih interest thcreon (rom date st the nte o( ten perceot, per annum unti) maturity, both principal and intercst beinj payable in lawtul money of the United States at 2244 Biscayne Blvd.. Miami, Florida, or at such other place as thc hdders hereof i ~ may designate in writina. Principal and interest payable in instiltments as tollowx: ; ~ ONE HUNDRED FIFTEEN ($115.00) DOLLARS per month beginning on ' _ ~ the 15th day of May, 1979, and continuing on the lSth day of each and every month thereafter until paid in full. ~ This nole sar be p~aid iu whok or in part s~ ~nr tiec ~pon payment o[ a pmalty equal to ei~t peroent ot We principal wm prepaid. ~ P~eA iro~aYw~at pa7r~eat dull 6e cndilcd firsl ow We iwterest due. and the renainder an priaeqnl: and i~tereat ihall thereupaw oeue ~pop 1 ~he prineipal so endited. ihe iyakas awd ewdonets d ti~is note further a~ee to xsire d~and. notiec ot aan-paysent and protat, aad in the ereat suit iall be brou~t ` icx the edlection hereof. or 1he w~e ha~ !o be cdlected rpoa dewund ot an sttorney, ~o p.r K,.~.a~.~~~'s ka for ~sakiu~ wch oopeeCa~. ~ Ikterred payraen4l~e~o~er ~hall sear intaml at the nle o( Icn perceat per annum [rom matwitf u~til paid. aeco This note is seeu~rd ?r a~«t~a~c oi eren date haewith and 'n to be const~ued and cntorced aecordin~ to the lar+s o[ the Slale o! Flt-ida; ups d~iault in the psymewt o( ptincipal and/o? intetesl Nheo due. Ihe whde sum o( principal and ialerat ranainitK unpaid ~hall, al tbe opLon oi the hdden. bceome ismediatdr dre and parabfe. 5.~~~ i~~ ~ EALI r ~ ; (SEAL) E'. Piepared bY StaeleY H. S~ieler. Mturney- 2.".~W [~scayne 81vd., Miami Flurida and stull pedorm, canply with and abide by each and every the stiPulations, agroements, conditara and o0~4 ot said proma~ory note and of this deed, t6en this deed and the estate thercby c~eated shall cease and be null and void. 1. 'the Mortgagor hereby covenants and agees: (a) To pay all and singular the principal and interest and olher sums ot money payable by virture of said promiuoty note and lhis deed, or either, promptly on the days respectirrly the same severally becomes due. 'i (b) To permit, commit or suffer no waste and to maintain the improvements at aU times in ~ state of sood repair snd condition, and to do or permit 1o be done to said premises nothin6 that will alter or chante the use and character ot said ptopaty or in any way impair ot ! x•eaken the security of this mortgage_ And in case of the refusal, ne`lect or inability of the Mortpsor to repafr and maintain said ptopetty, ! the Mortga6ee may, at his option, make such repairs or cause the same to be made, and advance moneys in that behalf. ~ (c) To pay all and singular the taaes, asussmrnts, levies, liabilities, and obligations of every nature on said described property each a~ ~ eve~y when due and payable according to law, before the~ become deliquent, and to delirer to ~he Mort6sjee on or befote Msrch I Sth of f each year ua recripts evidencing the payment o( ~II lawtully imposed taxes for the precedin6 calendu ycar;to indemnity the Mortfa~ee ~ upon his dcmand for all taxes, assessments and charges that may be assessed upon this mort~aae on the indebtedness secured heteby, ~nd ~ paid by the murtgagee, without.regard to any law heretofore enacted or hereafter to be enacted imposi~ psyment of the wfiole or sny q part thereof upon the >tortgaEee. ~ (d) T~ pay all ~nd singular the costs, chargcs and expenses, iacluding Iswyers' fees and abstract costs reasonably incurred or paid at any ' time by the btortgagte brcause of the failure on tAe patt of the Mortgagor to perform, comply with and ~bide by dch and arery the p stiputations, agreements, conditions and corenants of said promissory note and this deed, or either, and evety such payment shall beu g intercst irom date at the rate ut ten (t0'~b) per centum per annum_ ~ (e) It ~s lurther convenanted and agreed by said parties that in the erent of a wit bein6 instituted to foreclose this mort~s~e, the Mort- 6agee shall Ae rntitled lo apply at any time pending such foreclosure wit to !he court havin` jutisdiclion thereof for the appointment of a receirer uf all aod s~ngulsr the mortga`ed ptoputy, and o[ all rents, incoma, profits, issua aad revenues thereof, from whatwever source derived: and thertupon it is hereby expressly convenanted and atreed that the Court shall forthwith appoint such receiver with tM usual p~Ne~s and duties of receirers in like cases; and said appointment shsll be made Dy the ooutt as a m~tter of strict ri~At to the lrlort- ~ gagee.:nd without reference to the adequacy ot inadequacy of the vslue of the property htreby mort~s~ud, or to the whentr ot insol- ~ rency ot the :?lortgagon or any uther puty defendant to such wit. The Mortgs`or hereby specificaUy vviives the risht to object to the ~ appointment of a receiver as atoresaid and hereby expressly conxnts that such appoinlment shall be made as an admilted equity and at a matter of abwlute riEht to the Mortgagee and that the same may be done without. notice to the Mort`a;or. ~ . ~ (n 1f fo~eclosure proceedings should be instituted against the property covered by this mortsaae'upon any othet lien ot claim whetha ~ ~ a1leEed to ~e superK~r or ~unar to the lien of this mortga~e, the Mortgagee may at his option immed~ately upon institution of sucA tuit or = durins Ihe pendency thereof declare this mortga~e and the indebtedness secured hereby due snd payaAle torthwith and msy at its optan ~ proceed to forecbse this mortg,~ge. (g) That the Mortgagor w•~II keep all rear and personal property now or hereafter encumbered by the lien ot this mortpse insured ss m~y ~ be required from time to time by the Mort6sgee a6ainst bu of fire, windslorm and other haurds, caswltia and contin~encies fot such ` periods and for not less than such amounts as may be required by the Mortpsee snd to pay promptly when due all premiums for sucA insurance. The amounts of insunnce required by the Mortpsee shall Ce the minimum amounts fot which said insurance th~U be written ~ and it sha~l be incumbent upon the Mortgaaor lo maintain such addition~l insurance as may be necessary to meet ~nd comply tullr with all ; co-~nsunnce requirements mntained'in said poticics to the enQ thst the said Mort`a~or is not a co•insuror thereunder. /nwrance shall be written by a company or companies approvcd or designated by the Mortsa~ee aod all policies ~nd renewals theteof shsll be held by the f Mort6agee. Atl detaileJ desisnations by the Mortgasor which are accepted by'the Mort~s~ee and atl a~reements between Mort~qor snd yF Mort6a6ee relatin6 to insurance, now existin~ or hereatter made, shall be in writin6 and shall be a part of thB mortpse a~reement u fullr y u though set forth verbatlm herein and shall govern both parties hereto and Iheir succeuon and assi~ns. No lien upon iny of said policies s# of insurance or upon any refund or return premium which may be payable on the cancellation ot termin~tion theteof, shaq be ~iven to ~ other than the Mortgagee, eacept by proper endorsement afC~zed lo such policy and appruved by Mort~a{ee. Esch policy ot iasurants ~ shall have affiaed thereto a Sundard New York Mort6:6ee Clause wiihout Contributbn, maki~ all bu or bsses under such poHty r psyable to the Morl6ssee as its interest may appear. In the event any sum or sums of money bemme payablt thereunder the Nortp~ee ~ shall havr the option to recerve and apply the same un accaunt ot the indtbtedness hereby ~ecured, or to permit the Mortp~ot lo re- - ~ ceire and use it, or any part thereof, without thrreby wairin~ or impairir~ any equity, lien, or ri~ht under ard by virtue of this moR- p~e. In event of bu or physical damsse lo the mort`a`ed property' the Mort~s~or shall ~ive immediate notice thereof br maU to the ~ Mcr.~da`te and the Mortassee may make proof of loss i( the s~me is not made promptly br lhe Mort~ot. In erent of torecbture ot ' , ; _ ~ ~ . 3~ ~~5 - ~ > . . r ~'"d . . . . . .