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Home My WebLink About0357 i . ~ ~ NRO~'ll)f~ll. •\l_MAYti. ~hat if ~h~ \turtg~gur ~hell pa~ un~o the ~lortgagrt thr ~ndebteJne~i r~~Jcncrd h~ a ~ ~trta~n prumi.san nute ~~i wh~ch Ihe folluwing ~n w~.rds and f~gure~ ~s a Irua c~py ~o-v?~1 ~ ~4~~Ct9C ~~41G ~ . s 2,~25_:UO ~ Fort Pierce, F~orida January 25, ~~~75__ FI~R ~'ALl'E KF.CE:I~~F.U --.-----~WE,_~oinr_ly and several~, p~omi:e tu pay t~~ tl?e ordrr ARTHUR JACOBY and SYLVIA JACOBYs his wife. ~.t(~ ' _ th~ principa) .um u( ~Q~HQUSANI~._QN~_HIINDRFD TWE_NTY-FI . an~~1tYT.L~R.>, togethrr wilh intrrr•t the~eun frum date at U~e ral~~ uf lrn ~?crcenl, per annum until maturity, both principa) and int~rest being payable in lawful munry uf th~ l'nitrd ~tatr. at '_':.'-1-1 IRi~cayae Bhd., ~liami, Flotida, o~ at such olher place a., the hulders hereof may desigi~ate in writing. 1'rincipal and intercst payable in imtallmen4+ a.c follows: i ! FIFTY-FIVE ($55.00) DOLLARS per month beginning on the lSth day of ~ ' March, 1975, and continuing on the 15th day of each and every month ~ thereafter until paid in full. ~ ! This note may be prepa~d in N•hole or in part after one year [rom the date hereof upon payment o[ a penalty equivalent to ri~;hl p~~re~•nl uf th~• prin~•ip~l •um ~~rrpaid. h:rch imtallm~•nt paynu•nt Jiall l~r rr~dited (int un the interes? due, and the remainde~ on principal; and intere~t ~hall t6r~r- ~ upun ~•ra.v upun lh~~ principal .y? ~•rrditf•d. ~ Tl~r maken and rndurrr oi thi. nol~• furthrr aKrer lo waive demand, nc?tice u( nun-pavment and protest, aod in the event ~uit ~hall b~ b~uuKht fo~ thr rullrctiun hereof. or the sarqe has to be collected upon demand of an attorney, to pay reasonable attorney'. frr~ fu~ making sunc ~ullrctiun. I)~ferrrd pa}'mcnt~ hrrrundrr ~hall M~ar int~~n•~t al the nte of ten percent pe~ annum frum maturity until paid• Thi. n~~t~ i< <e~urcd by a mortgaqr of rven ~1ate h~rewith and is to be construed and enforced according to the laws of th~ ~tat~ of Florida; upon default in Ih~ paym~ni ~~f principal andlor intere.~t when due, the whole sum of principal and ini~rest rrm•rining unpaid ~hall, at th~ option of th~ holde~, become immediately due and payable. S (C~AL) , ~ SE:~ L) Yr~parrd by ~pKl~r Tendrich. Altcxney~ - 2'L~10 Riuayne Eilyd.. !~liami. Flbrida ~ ar~J ~hall perform, comply with and abide by each and evety the stipulations, agreements, conditions and cove- nants o( ~aid prumissory note and of this deed, then this deed and the estate thereby cceated shall cease and be null and void. . , 1. The Mortgagor hereby covenants and agrees: , la) To pay all and s~naular tht prmapal and mteres~ and other sums o[ money payable by virWe of sa~d promtssory nott and th~s ' deed, or e~ther, promptly on the days respechvely the same severally becomes due. i (b) To petmit, cotnm~t ot suf(er no raste a~d to ma~ntain the ~mprovements at all: Umes m a state of 6ood repa~r and cond~hon, and to ; do « perm~t to be doec to sa~d prem~ses nothm~ that w~ll alter or chan`t the use and chuacter of sa~d property or m any Way ~mpa~r a , ~eaken 1he security o( th~s mor~~aae. And m case of the refusal, neslect or mab~l~ty of the Mortsa6or to repair aed maintam said proper- ~y, the Mort~a6ee may, at his opt~on, make such repa~rs or cauce the same to be made, and advance moneys in thst behalf. f ~ (c) To pay all and smaular the taxes, assessments, Icv~es, I~ab~l~[ies, and oblipuons o( every nawre oa sa~d descriAed property each ~ and every ~rhen due and payable accordm6 to la+, b!(ore they become delinquent, and to delrver to the Mortsasee on w betore March ISth o( esch year tax receipts ev~denc~ns the payment o( all IaM•(ully imposed taxes for the preeedina catendar year; to ~ndemm(y the ~ Mart~atee upon Ais dem~nd (or all uaes, a.sescments and char6es that may be assessed upon th~s mat6a6e on the ~ndebtedness f cured hereby, aod pa~d by th~ mort~taEee, ruhout re6ard ro any IaW heretofae enacted or hereafter ~o be enscted impos~na ~ayment o: # ~he r~hole ot any ~art thereof uport the Afnrt~a6te. ~ (dl To pay all and ~~naular ~he eost~, char6es and expenses, mcludm6-Iawyers' fees and abstract costs reasonably incurred or pa~d at ~ any ~~me Ay the \1ortEagee becau.e of thc fa~lure on the part o! the Mort6aaor to perfwm, comply ~r~th and ab~de by each and tvery the . s~~pulat~ons, a6reements, ~ond~uons and covenaqts of sa~d prom~ssay note and this deed, or eitAer, and every such~payment shall bear } ~ interest trom date at the nte of ten l10°G) per centum per annum. ~ ~ - - ~ ~ (e) It is furt6u coreaa.::=~ ~nd ajreed by s~id parties th~t in the event ot a suit beios instituted to toreclose tAis mat~s~e. the 1~lat. Ntee shall be eatitled to ~pply ~t any tuae pendins sucb toreclosure suit to tbe court b~via~ jurisdiction ~hereof fa the ~ppoio[nent of a teeeivet ot ~11 and ain~ulat tbe mort~ajed propertr, and of all rents, iecomes. profita. issues and re~eaues thereof. Gao vhauoever ~ source derired; ~eW thereupon it is hereby expteaalr coveeanted and a{reed thst the Court a6a11 tort6rith appoiat sucb receiver r~th ~ ~ tbe wwl po~err ~nd duties of rcceivera in like cues; ~nd s~id •ppointsenl sA~ll be ewde br the court as ~ aatter o( strict riaht to ; tbe Mortaa~ee: snd ~rithout reference to the ~dequacy or inadeQuacy o( the v~lue of tbe property herebr sartp~ed, or to ~he solrency ~ a insolvenelr ot the Matsa~ors or any otbu p~rty defendant to such suit. The 6lotta~~ot hertby sPecitically waives tAe riaht lo object i ~ ~o t6e ~ppoiataent of ~ reteirer ~a doreaaid ~nd hereby expressly cm~ents that sucfi ~ppointe~ent aA~ll be ~ade ~s ~n ~dmitted equ~ty : ~nd as a matter ot absolute rijht to the Matp~ec aod that tl~e saoe wy be done rid~out notice to the Mort~a~or. ! - i ~ (f) It foreelosure proeeedia~s should be inatituted ~~~inst tAe prooertr eo~ered by t6is eortp~e upoo anr otherlien or cl~im ~hether ~ ti slte~ed to be superior at junior to the liea d thia mortp~e. the Nortp~ee auy ~t his option iwa~edi~tely upon institutioa of such suit ~ ~ or durin~ the pendency tbereof detl~re this mat~~se and the iadebtedness aecured herebr due ~nd p~y~ble (ort6rith and msy ~t ~ts ~ optioa proceed to foreclose this mat{~~a ~ (v Th~t t6e Alatµ~ot ~rilt keep all real ~nd personal prooerty no~ a hereafter eacusbered by t6e lien o( this sortas~e ~nsu~ed as may ~ , be required frwi time to time by the Mort~~see ~qinit loss by (ire, winds~orm aod other A~z~rds, c~swlties snd contin~encies (or such ~ = per~ads and for not less tbaa auch ~ewua~s as a~r be reouired by the Abrtsa~ee and to p~y pra~ptlr w~htn due ~11 pres?~~pps for such iwunnce. The ~aaunts ot in~urance required br ~he IMort~~see a6~11 be t6e siai~o ~sounts for ~Aic6 s~id insur~nce ahall be ~nteen > aud it sA~ll Ae incusbeat ~poa the yortsa~a to maiat~in such sdditian~l insur~nce ~s say be aecessary to weet and caeply futlr with ~ all co-inauru~ce re~ireiseots eonained in s~id policics to the eod tbat ~he s~id Mortp~a is not ~ co-inau~or thereunder.lnsur~nce ~ sA~ll be rritten by a co~paay ot co~panies a~o~ed or desisnated by the Mortsasee aad sll polieies ~ad reae~r~ia werto! sb~ll be Aeld ~ br s6e Matq~te. All detailcd de~i~nations Ay tbe 1?lortp~or ~hich ue accePted br the Mort{a{ee aed all sireeseats bet~een i~fort{a~a s~ aad Mortia~ee rel~tins to insur~eee, no~i esistin~ or here~her m~de. sh~ll be in ~rrities sad shsll be ~ part of this mat~ase ~sree~ent ~3 u f~llr as tliouih set torth ~erbati~ herein and sh~ll ~ovem both partie~ hereto and t6eir anccessors ~ed s~si{es. No lien upon any o( ~ s~id policies of insurance a ~oan aar retund or ~et~m pre~ius ~hicA wr be psy~ble on tAe eaaee~l~tion a tersiaation thereot~ sbill ~ be ~iven to otber ~hsn tAe Mo~[p~ee, except br proper endorsewent ~ffiaed to sucb ootiey and ~Pprored by Mat~~~ee. Each policy of inaut~nee ahall i~~ve •tfi:ed tbereto s St~ed~rd Her Yak Mort~~~ee Cl~use ~ri~Aout Coouibu~ioa. eukin~ ~11 loss or losses under such ~ ~ vo~~~r vr•si< <o ~ne t~on~.~ee .s ~u ~a~crest awy appe~r. In the e~tat ~nr suw ot suv of eoner becawt ayable tbereunder ~he 11ort- ~ ~ ~a~ee shall h~ve the ootian to receire ttd apply the s~se on account of ~6e indebtedness Aereby secured. ot t~ perm~t the NMt~aRor ~ to receire and we it, or anr put thereof. ~itAout ~herebr w~ivin~ a iep~irin~ snr equitr, lien. or n~At under and by v~rtue ot ~h~. ; ~ mortp~e. In event of Ioss or physicsl daa~a~e ~o the mat~~~ed property the Mortp~or sh~U ~ive ~nrned~~te nohce thereof by ma~l i~. ~ ? the Murya~ee and the Mortp~te may make prcx~f of Ioss ~f Ihe s~me ~s not madt promplly by the Mwt~a~a. In event nt ture~ln.urt of ~ ~ ~ ~ . ~ ~ 600K 236 PAGE J57 ~ - ~ - . _ . . _ _ . _ _