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Home My WebLink About0431 - t i-,. 1'Rl)V1t)L~11, ,~LNAI'S. ~hat ~f ~hr ~lurtgugur .hall pa~• um~~ ~hr \k~~tgagr~ thr ~ndebtedness tviJenced by a t ~artain prumi.suty note of which the foU~~v?ing in Ns~rds and figures ~s a lrut copy to-Hit~ • ? i i '~aw~c~a~ae ~~ote ~ t 1.~.50,00 Fort Pierce, F~a;d, May 25, 72 FOR VALi~E Q~CEI~'F~ I p~omi~e tu pay to the o~d~r ot _M~~TON KOLBERT AND RHODA KOLBERT HIS WIFE. ; the p~ncipal sum ot ~Ilp Thou~and Five HundrEtl F~sv and no / 1 nQ DOLLARS, together with interest the~eon twm date at the nte of ten j+ercent, pe~ aanum until mitunty, balh p~ncipal and intercet bein~ payable in lawiul maney uf t the~ United State~ at 224t Biscayne 9hd., Aliami, Ftorid~, or at ~uch other place as the holders hersof may daign~te in writing. ~ Pri.~cipal and interest payable i~ irutsllments u toliows: ' f Ttiirty ($30.00) Dollars per month, for thirty-five (35) conse~utive ; months, on the 15th day of each and every month, beginning on the ISth day of July, 1972, and continuing until the lSth day of June, 197S, ; at which time the balance shall become due and payable. ' This note msy bt ?repaid ~n whole ot i~ pact aftcc orte yea~ from the date hereof upon payment of a penalty equivatent to five percent of ihe prmc~pal su:n prtpaid. Each io~tallment payme~t shall be c~edited (irst on thc interest due, and the rtmainder on principal; and intrn•t •hall thrrr- upon cease upon the pnncipal w credited. , The makers aed ~ndo?sers o! this note further agree to waive demand, notice oi non-payment and protest, and in thr event suit shall be brouRht fo~ the collect~on heteof, or the same has to be collccted upon demand of an attorney. to pay rtasonable attorney'~, frr~ !or making suth collect~oo. ± Defetred Qaymenta ~ercunder eh~l! be:r ~nterest :t the rate of ten percent per annum trom matueq until paid. ~ 7'his note is recurrd hy a mortc~e ot even date he~ewith and is to be eonatrued aed enforced according to the I~ws of the ~tate of Florida; uQon defiult in the psyme~t of principd ~ndlo~ interat when due, the whole sum ot princip~l and intereat ~emaining unpaid sha11, at tht option of the hoide~s, bceome immediately due and payaWe. ~ ~~E'.=-r~~.-~?.C~~~:~-- (SEAL) (SEAL) ~ ar~J ~6alt periorm. cumply w~th and abide by each and every the stipulations, agreements, conditions and cove- nents of sa~d ~?romissory note and ~f this deed, then this deed and the estate thereby cceated shall cease and be ~ null and void. - l_ The !~k~rtgagor hereby covenants and agrees: « la1 To pav aIl and ~~n6ular the prmc~pal and intetest and ather cums of money payable by v~rtut of said peum~ssocy note and th~s Z7 docdt or e~ther, promp~ly on tht daY~ ~espectively the same severaily 1+ecomcs due. { -_i lh) Tu permu, ci~menu w su[fer no waste a~d to mamta~n the ~mprovements at aU umes in a shte of 6ood repa~r and cond~t~on, and to ~ du .x perm~t to be done to said premises noth~n` that rill ~Iter or chanse the use and cAaracter ot sa~d propeny w m any xsy ~mpa~r or ~ _ acaten the securu~• uf this mwta~ae. And ~n case of the tetusal, ne6lect or ~nab~liry of the Mortpsor to repair and maieta~n sa~d proper- t~~, the MortpEce ma~, at his oppon, make such repairs or cause the same to be made, aed ad~ance moneys ~n that behalf. Ic) To pay all and sm6ular the Uxes, assessments, le~~~es, hab~lities, and obl~Qation~ ot every nature on ss~d described property each ~ and every r~hen due and payable accwdms to laa, bcfore they become delinquent, and to deliver to the Mortaa~ee on or before March ISth of cach year ~a~ receipts ev~dencm6 the paymem of all lawfully ~mposed taxes for the precedins calendar year, to mdemn~fy the - , Atort6asee upon h~s dcmand (or all taxec, a~sescmen~s and char6es that may be assessed upon this mortea~e on the indebecdness c~- . cured hereAy, anJ pa~d by the mort~aEee, ruAout regard to any lav heretotae enacted a hcrcatter to be enacted ~mposmg ~ayment o: ' thc ..holr or anv ~art ~hereot upon the INortRa6ee_ (d1 Ta pay a11 and ~~nEular the costc, charges and e~prncec, includ~n6 lavyers' tees and abstract co~ts reasonably mcurred or pa~d at _ an~ umr M~ thr \1ortRaEre because ot the fa~lure on ~he part of the ~lor~ga6or ro perform, canply a~~th and abide by each and every the ~ st~~+ulau~~n~, aareements, cond~t~ons and covenants of said prom~ssory note and th~s deed, ot erther, artd e~~ety sucA~payment sh~11 bear ; intrrrsi irom date at thc rote of ten UlY"e) per centum pc~ annum. . g Ir) It ic Eurther co~enanted and asreed by sa~d pathes that m the e.ent o( a su~e bcmE insUtuted to faeclose Ih~s mort6a6e, the \1at- ~ d gagee shalt be enhtled [o appty at any t~me pendina such fweclosure suil to the court havins junsdichon thereof for the appomtment ~ ui a rece~~er o( all and cin~ular thc mw~Ea6cd property, and o( all rents, ~ocomes, profits, ~ssues and revenues thereot, froeo ~~hatsoe••er ~ ~ sourcr den~ed, and thereupon it ~s hereby expressly covenanted and a6reed that the Court shalt forthw~N appomt such receiver wrth tAt u.ua1 powerc and dutees of rece~ver. in Lke casec: and sa~d appo~ntment sha11 be made by the court as a matter af striet naht to ~ thr \1+xtEa6ee, and Mithout rcference to the adeqwcy or madeQwcy of the value of the property hereby mort6ased, o~ to the solvency or ~nsahency of the ~tortgagots a any othet part}~ de(endant to such suit. The StortgaEor hereby spec~t~cally waives tbe naAt to ob~ect tu thr •ppo~ntment o( ~ rcce~r•t~ a. aforesa~d and herebp expressly consents that such appomtmenl shall be made as an adm~tted equity , and as a mattcr oi abcolute naht to the ~1ort6a6ee and that tht same may be dont v~thout notice to the blortsa6ot. (f? If fo:ealosurc proceedmas should be mstuuted aga~nst the property covered by this mortga6e upon any other hen or cla~m whether alte6ed to be superior or jwior co t6e t~en of this moctp~e, the Mwt6a6eo raay ~t h~s opt~on ~mmedutely upon mstituuon o( such su~t cx dunna th~ pendency thereot deelart.tA~s mat6a~ee and the ~ndebtedness sec~red hereby due and payable tor~hwith and may at~is upt~on procecd to (ixeclose th~s.mort6a6e. (~1 7'hat the !11~t6a6ot r~~ll keep aU real and persrxsal ptopt~ly no~r a hereaftcr encumbercd by the I~en of th~s mort6ase insured as may ts~ required from tim~ to ~ime by the ~lor~6~6« ~E~+nct loss by tire, w~ndstotm and oth:r hanrds, casualt~es and conUn6encies (or such ~ penods and ~~x not less thsn such amounts as may be requued by the Mortp{ee and to pay promptly when due all prem~ums ta such in.urance. The am~•unts of msurance required by the Slortsa6et shall bt the mimmum amounts !or wh~cA sa~d msurance shall be x~nttrn rnd it shalf be mcumbent upon the ~fortaaaor to mamtam such add~UOnal msutanct as may be necessary~ to meet and comply tu11y rith ~II co-~nsurancc requ~rements contamed ~n sa~d pol~cses to the end that the sa~d Mort6a6cx ~s not a co-~nsuror theteunder.lnsurance - ,hatl he wntten by ~ canpany a compan~es approved or designated by the Mort`asee and al] po)ic~es and ~enewals thtreot shall be heW by the ~fo~tg~aee. Al! JeUiled desi6nat~ons by the ~tortga6or wh~ch are accepted by the Nortga6ec and aU aateements betreen Mort~ago~ •nd Mort6aget relat~nR to msurance, now~ exisun6 or hereatttr made, shall be in M•r~tm~ and shall be a part of th~s mort~a6e asrcement as fully as tAough set forth rerbaum hetcert tnd shaN 6ovem both partits heroto ~nd their suctessors and sssi`ns. No lien upon any of said pol~ucs o( msuranct or upon any rcfu~d or return prem~um ~rhich may be payable on the cancellat~on or termmat~on thereof, shall be s~ven to other than the Mort6a6ee, ucept by proper endorsernent a(f~aed to such pohcy and appoved by Alortsa`ee. Each pol~cy of msurance shall have afGatd thueto a Sundud New York Abrtp~ee Clause w~thout Contnbuaon, makin6 all Ioss or Iosses under ~uch poh:y payable iu tAe ~tortia~ee as ~ts interest may sppear. In the erent any sum or swns o[ money become payable tAereunder the 11nrt- gasce shall hav~ the oppon to rcce~re and apply the samt on account of the mdebtedness hercby s•_cured, or to permit tAe ~lortga~tor ' ?o r~ce~vc and use ~t, or any part thercot, wrrthout thereb~• waivm6 or ~mpauins any equuy, I~en, or n6ht under and by v~rtut of thi~ mur~eabe. In event of loss a physical d+maEe to tht mor~EaEcd property the Mort6aEor shall 6rve immcd~ate nohce thereof by ~ail tn the l1.xtEa(t~e ~nd the 1WortRaEee maY mske ~+rouf oi lo.. ~f the same ~s net rn~de yrompUy b~ ~he \luttgagor. In evcnt o( trxe~ln• c( . o~RK203 PH~r 4~~. g sC .a_, = . ~4 ~ ~ y