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~lruuilp~ ~lwu~~, tlcat if said .Mortgagor shall puy unto thc• suid .hlor•tgagce ~
the certain promissory note, uj' u•hzch. the following in words and jtgrcres is a true copy, I
to wit: pi~og ,Florida
s 17 , 000.00 Nvv~ealber 5th , t979
FUR VALUE RECEIVED, the undersigned, (jointly and sevually, it more th:.n one) promises to pay to DOn81d
Jacobson and Marilee I. Jacobson, his wife, ~ ~ ;a ~ maetner hereiwstter tpaciEisd,
of Seventeen Thousand and-------------------- -nO X100
r cent. per aaa~==n oa the balance ttnm dme to bate «ataifis~ tutpaid. •
(117.0 0 0.0 0) with interest from date at the me of ten (10 ~ ~ A~~a at 1363 BayslY~e Dl'f
VIB, : • ~ . .
said pr~PV ~ iatecert shall be payable to lawful monry of the t'nited States . . '
Fart Pierce, Florida, or at wch place s, may hereafter be drstgnated by .vritten notice from the holder to the maker htrreot, oti
the date tad is the manger tolbwtng: .
This note is payable in monthly insta~blments cif Two Hundred Twenty-four a~tld-_
66j100 Dollars ($224.66), which includes interest of 108 per annum on the
unpaid principal balance, commencing one (1) n;onth~ froza date and montll~y
thereafter for twenty-four (24) monthly insa~l-bmlance 1
anaccumula(ted) ~
months from date hereof, the entire princip P
interest, if any, shall be due and payable in full.
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Each installment first shall be applied in pa}~ment of the interest and then - . '
on the unpaid balance of the prir_~:ipal sum. ~ ~ .c~
This notes sav bs arepaid in whole or ~in part at any ~iima witbogt pa>aaity.
ibis acts t~ith hMsrest i, sswred a oa real ~a1~_ of even d~1t M t ewtte, gags by the ttsaker Via[ ~ Isr1r et the Maid ~ ~
payee, gad absM b• aastrasd aft wtaad a~~is tM It~N d tle Stan oI 1IIIrda. Zlr Nrw of sdd rpl~f~,~ 1a ~ ~+a esk+ertae
• ~•and such default continues for 15 t3ys ~ •
u detatdt be made~ia the psyment of any. of the rums or interest mentioned .:rrcin or is said btortgage, or in the pertotrfafee d
any of the a oootaiaed herein ar in satd mortgage, then the entire principal sam gad acauod interest shall at tMe optjolt at the
holder hereat bsoome at cage due gad oolkcnbk without notice. time of th . wt:nce; gad said pnacipal gum and acecued iatrt~est -t.~
ihaU both beat interest Iran such time unW paid at the hishest rate apow~a 1e uac•.•r the 4v~n d the State at FYrida. Fallrre,lo aoaaite .~'r
this opting shall got ooastitute a waiver of the .right b asercise the tame in the even. of any subsequegt de~atdt. •
lacL pessort liable herooa whether maker or endorser, hereby waives presentme a, protest. notice notice o[ protest gad gotta at dtr -
honor gad agrees to pair all costs, including a reasonable attoraey'a fee. whether wit b~ brought oe not, i~, aJea matutiq of this goes or tMtarlt
hereunder, of ruder tatd mortgage, oouaseh shall be employed w collect this cote o: to protect the security of said nto~rl~age. ~
Whenever wed herein the tests "ltoldet", "maker" gad °PaYet" ~aS be a~:utrued is the singular or plural as ties contact may
rrquire ar adatit.
Makers Address ......----••---..................._........__..(SEAL) ~r
Bathe F.nn Bi•1].ngs
Robert C. ~Hrady--_...._...... ...........................(sEAL)
arse! shall perform., c•~mply with anct abide by eazeh azzd eL•ery the stipulations,
agreements, conditions and covenants of said promissory note and of this deed, then
this deed and the estate hereby created shall cease and Le nrcll and rozd.
~ .cull the said „)lortgagor hereby covenants a.nd agrees:
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.1. Tc~ puy all anal :singular tlrc• principal rrn~l inter~•xt and nthE•r runts ~~j' nt.one>>
J,at/able ht/ rirttie ~,j sni~l pr.~?nia~~r~t ~nnt~ airy! this rl~•i•~/, nr rith~•r• prnnt~,tltt ~~rr tltf•
drr~/s respr~ctirelr/ the sctrrrc scr•vrally cor?te dree. ~
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T~~ pay all anJ sirrrsrrlar tlrc ta.res, assessrrrcnts, ler•irs, liahilitir•., ~thlioatiurrs
anal encunthrvrrzces of cr•ery oat rrre nu suid drsrrihed J,rcprrt y ca ••h and er•cri~, unrl
~ if the saute be n.ot promptly pain the said .Mortgagee may a.t arzy time pay th.e sa.nze
u?ithout rc•aiving or affecting the option. to foreclose or any r•iglrt hereunder, and every ~
~ ~ payment so made slra.ll Lear interest from the date thereof at the rate of ten (10)
i per cent. per an.nzem. i
~ ~j To pay all and singular the ~~rsts, rhar~cs and e.rpcnses. incltc{ling larcyer•s ~
fees, reasonably incurred or paid at any time by said .Mortgagee becareseof the failure
on the part of th.e said Mortgagor to perform, eompl.>> with and abide liy eccc•h and j
every the stipulations, agreements, conditions arrd covenants of said promissory note
and this deed, or either, arzd every scech payment shall Lear interest front date act the
rate of ten (10) per cent. per atnnunz.
Tc? ti-cep the haildin~ nnu• ~,r lrcrvajtcr nn sate! /arse! insrrre~t in a recur not
s lrsstiturr the highest insurable value--------------------------------
' Unltars, in a cr,m•panr/ nr rnnzpcrrrics to
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~ be approved by said .lortgagee, and the polic,/ or policies held .hy and payable to said
~ ~Atortgccgcc, ctnd in the er•errt any sum of nzon~y becomes J~uyuble render such policy fir ;
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policies, the .Mortgagee shall have tlr.e option to receive and apply the saute on account
of fire indebtedness herelnj secured or to permit the .Mortgagor to receiare and rose it, ur
i' an.y part thereof; for outer pr~rposes, u•i'hotct thereb;/ te•airing or impairing any eyttity
lien or right under or by virtue of this mortgage, and nzay place and pay fur such
insurance or any Jiart thereof, rvithou,t u•aciving or affecting the option to foreclose ar
any right hereunder, and each and every such payment shall bear interest front date
at the rote of ten (10) per cent. per annum.
~ ~ 6~~K 32~ PAGE 48
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