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I'R~~\ Inl•:1~. :~I_V?Al'J. ~hat ~f the ~lurtgag~~r .hnll pay unto ihe ~M~t`a~~t the ~ndebtrdntx~ r~ i~enctJ hy a
~rr~aiu pr.~mi•.ary nute .~1 which the fo11i~N~n~ ~n w~?tJ~ and f~guros is a trur c~~py to•wit
~ .
i ~~dH~fr~ '~~rete
~ s 4 475.00 _ Fort Pierce, ~o~d, _ November 18, tq_72
FOR V4LUE RECEIYED ~~~e, jointly and severally, promise iu pay
p to the orde~ o( I`1ILTOI` KOLBERT AND RHODA KOLBERT I~IS W~F _
~ the principal sum of Four Thousan Four Hun re eventy- ive an ~ , ogethet with interest
~ thereon [rom date at the rate ot ten peccent, per an~um unti) maturity, both pri~cipa) and interoat beinR p~yable in (aw(ul mooey ut
~ th United ~tates at 2244 Biscayne Bivd., Aliami, Florida, or at wch othe~ place aa the holders hereof may designate in writin6.
, Pri cipai and interest payable in inetallments u iollows:
Ninety ($90.00) Dollars per month, beginning on the lSth day of
January, 1973, and continuing on the lSth day of each and every
month thereafter until paid in full
This note may be prepaid in whole or in part a[tet one year [rom the date hereof upon payment of a penalty equivalent
~o f~ve perccnt ot ihe princiQal sum prepaid.
Each in•tallment payment shall be credited firat on the interest due, and the remainde~ on principal; a~d intrre~t ~hall there-
upon ccase upun the principa~ so credit~d.
The makcrs and endorsers of this note further agree to waive demand, notice of non•payment and protest, and in thr event suit
;liall be brought tor the collection hereo(, or the same has to be coltected upon demand ot an attorney. to pay ceasonable attorney'R
frr~ [or making such collection.
Deferted payments hercunder ahal) bear interest at the rate of ten pucent per annum from maturity until paid.
7'his note ia eecured by a mortpac of even date hereNith and ia.to be conatrued and enfo~ced according to the lawa of the
~tate of Florid~; upon default in the payment of principd andlo~ intereet whe~ due, the whole aim of principa{ and intereet
~ Kma~ning unpaid shatl. at the option oi the holders, become immediately due and payable• ,
~ • (SEAL)
.
t-~ : f ~''1t~ i- y . _ ~ (SEAL)
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:,r,d at~all prrf~~rm. comply with and abide by each and every the stipulations, agreemants, conditions an:l cu~•~-
nants uf sa~d promissory note and ~f th~s deed, then this deed and the estate thereby created shall cease and be
null and ~~oid_
~ 1. l'he !~lortgagor hereby cu~~enants and agrees:
le1 T~~ pey a1S and sm6ular the p~~nc~pal and mierest and other sums of money payable by vutue of sa~d promi.sory nu_e and ;A.~
d«d, ur e~~he~, promptly on the days respecuvrly the same severally Aecomes due.
tn~ ;Krmu, commu or suffer nu wute a~d ~o maenqm the ~mprovements at all umes ~n a state of sood repav and cond~uor , end w
do nr prrm~~ to be done to sa~d prem~ses nothin~ that +~~Il altet or chan~e 1he use and character of sa~d property or ~n any r,v ~mpau ur
weaken mc ~ecunty of th~s rtwrtp~e. And m case o( ~Ae re(usal, ne~leet or ~nab~l~ty o( the Nort~a~or to repart and mai~t~in .~:d r•~;~er-
the SlortaaRee may, at h~s opuon. make such repaus or cause the same to be made, and advance moneys ~n that behslt.
1 T~~ pay all and ~~n6ulat the uaes, assessments, le~~es, I~ab~lities, and obl~ptions of every nature on aa~d descnbed pror+er:y each
an,: : ery ~hen ,~~r and payable acco~dms to law. Ae(ore they be~ome delinquent, and tn defever io tht Mo~tsa6ee on or beto:; M•rch
~S~h ,v ea.h year ua rcce~pt. ev~~encing the pa>ment o( s1I lawfully ~mposed Uaes tor the prcced~ns calendar year, to ~ndemn~iy the
~trxtt~6ee upun h~s demand (or all taats, asses~mems ami charses tAat may bt assessed upnn tA~s mort~a~e on the mdebt_Jne~~
:ured hr.rby, and pa~d by thc mortsaEte, +~thout reRrrd to any law heretofore enacted a herca(ter to be enacted imposmE o.~>mcnt o:
~he r hoir or anv ~art thereof upon the ~1~~rtEa~ee.
. pay ell and s~nEular the .osts, char6ts and e~prncec, mclwi~n~ IaWyers' fees and abstract co~ts reasonably mcurred pa~d o:
~ Id~ f
.~m ~~mr hy ~he \latgagee because o[ the (a~lure on the part of the NortgaEot to perform, cixnply ~r~.h and ab~de b> rach and .rrv ~he
.t~RU:~t~nn~, a6reemen~s, cond~hons and corenant~ ot said prom~ssay note and th~s deed, a euher, and every such~paymrnt .h.Il eru
.r.~c~..t irom d~te a~ the nte ot ten 110`~) per centum per annum. •
i I: further covemnted and asreed by sa~d parlies that in the e.ent of a su~[ bc~na msututed to iurcclose th~s eeortRaR~ . i~c 1t~~~~-
R~6« ~hall be eMUled to apply at any hme pend~n6 cuch (oreclosurc surt to the court havma aur~sduhon thereof (a the ap0o~ntr~en!
u' a rcc~~.rr of all and s~nsular tAe mortds6ed property, artd of all rent~, incamcs, prohts, ~~sues and revenues thereof, (rom uhatsoe1er
~ourcr Jrn~~d; and thereupon ~t is hereby expressly rovenanted and a6reed tAat the Court chall f.,rth~v~th app~~n~ ~u~h rece~+er r~~h
the u~uel powerc and Juues of rece~vets m 6kt casea, and sa~d appo~nlmen[ shall be made by tht court as a maner ~•f ance naAt to
h. ~t~•r~Easee, and M~thout re(erence ~o the adeqw~y .~r madeQwcy o( the vatue of the property hercby mort6~EeJ, ~~r w Mc .nl.en~.
~+r ~naolctecy nf the Nort6a~ors ot any other party detendant to sucA su~t. Tht Mortp~or herebp spec:(~cally wa~~es the nght tu ~•~~••a
to thr •DVOmtmen~ of a rcce~ver as aforesa~d and hr.eby eapressly consents that sucA appointmen~ shall Ac made as an adm~tted c.o
and e. a ma~ter o( ahcolute n6ht to the Mortsaeee and ~hat ~he same may be done w~thout not~cc to the ~1ort~a6or.
_ 1! 1 I: forr.to~urf pr~xeedin~s sAould be ~nst~tutcd against the property co.ered by tMs mortga6e upon any other I~en or claim .hc~A-_r
,IIeE.-d to be superia or jun~or to the lien of th~s mortsage, the Mortea`ee may at h~s opt~on immediately upon m.htuuon ~i .u.h ~u~~
nr dunna tht pendency therto( declarc th~s mortgage and the indebtedness secured herebv due ana qa>ablc t~~rihrith and m.~y
opt~en procted to toreclose tA~s mat~aEe.
~ ~g~ Th.~ the ~tortEagor w~ll keep all real and personal proper~y nor or hereafter encumbeced Dy the l~rn uf :h~s murtg~6c in~urel e. ~+ey
~ 5e rrquucd from Ume to t~me by tht A1ort~a`tt aea~n~t Insc by hre, r~rnlstotm and othar hazard+. c~>ualtie~ ~nd eont~nEtncic~ t-.~c`
~•er~od• and t« not less than such amounts ac ma> be requ~red by ~he Nor~sasee and to pay promptly aAen duc elf prem~u^i+ -uch
~n~urencc. The am~~unts of insurance requued by the ~1~~rtgagee shall be the mm,mum amouma (or ~hich ~a~d ~rsuran.e sh,tl b~ ~ n
~ ,n~ .hsll Ae incumDent u on the ~tort a or to ma~nt~tn sucA addnionai ~nsurmce ma bt nrc~•~~ar. t, ~+eet ans ...r: .•~it> +~t~
p 6 E Y ~
- eIl .o-~n~unnce ~~yuirerecnts eont.•in.d ~n caid puli~u~ tn the end that tht .~:d \tortRaEa u nn~ a co-~ncuror :Aereundcr l^ uran~e
wr~ncn ~c r ccxnpany or mpan~r. epnrn~r.; ~r dc.ti6nated by [he ~1~rt6a6te and ~II pol:.~r• .~nJ renc.~:. rF.t:r~:: ~~s~. hcl~
^y tnr tU~~tga6e~. All deta~fcd des~snatio~_ h. ihe \1~•rtRador ah~ch are a~cepted bp the ~Iott6~Rer ~r.~ .~:f .rErtem~'st. eei~een lti. •t~e~Po•
end ~1ur~~c~gee relehn6 t~~ msurance, nov. ex~sunE o: hereafter made, shall bc ~n ,.nnns and shail be a p.rt of ~h~. ~r,x!RaEc eR«er~e-s
as fu:lv u ~houdh set fexth verbatim hercin and ~hall g~.vern botA parties hercto and their succe«• r, and aSS~En.. \o I,:r. ~•f
' cald polic~e~ inwrance or upoo any rctund or rerurn premium vh~eA rnay bt payable on tAe canee:tet~on os :ermirauon ~herr~~•, -h~;l
~ he 6~ven t~~ oth,r shrn the Mortsa(tet, tacept Ny pr.,~er enclorsement affiaed to sucA poli.~ and approved Dy llortE~~:e. Fa.h ~ v
~ inwrance ~R~li ~r •th*td therc~o a S~andsrd V~M 1'ork Nort6a~te Clause +:thout Contrihu~+on, ~ak~~~ all los~ ~•r ~~c~ un,i:c -u~`.
~~I~.y pa>aDl.• n. thc Norl~aaee •s ~~s ~nterest may •ppear. In the ~•ent any sum or sums of rrnney become psy~~. •.•c~nJr 't -
K,gr~- .nrll A~.r ihc opbon to reie~vr and apply ;hc came on acconnt o( tAe mdebtedness hereb} .ewrcd. ~.r . • c*:
~o r~.r~.. .,nd .~r :t, or an> part thereo(, r~thouc tPerrb~ ..,i.in6 or empair~na an) eQU~~y. I~er., or nRht ?r.:rr ,:.^.c
rthat`~~e. Ir. c~.~n• o( I~~. u• ~)'s~csl damaRe tn ;hc rr u'E~~ttd proprrty tAe ~tort6agor shalt i~~c :m~-ediate no••.c .
Ihc \1.xlEa1tec ;Ac Nartgagc~ ma~ ^uke pro~~t ~ , i~,.. ~t !hr :ame nnt ^~ad, p~onp-.~ m ~he'\1,.r•~aK~'~. In :L,r; . ~ t~.r~. , _ .
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