HomeMy WebLinkAbout0613
o r..
-'-."",,, _.....'\...-......~.....~s.:..~..!..Q..s~.....,,-___~
...~:.....
~--<~.u. io.6-.l '~~~_:.&s..::..t.~_..:.-..~.,.:~~~~.~ ~
IHeTALLMKNT NOTE
PALM UN D'S rORM N 16~
"ALWLA;"D STATIONK".. INC.
....W. .. rLOR,O;'
I
2.000.00
Florida., II L ..,.
JAJa a. p.&ftII'a,
s
,1~1.
\
For value r~ived the !.ndUJ~ned promi.uJ to pay to tM order oj
I a..- ~_.... ~ ~ _. h ftft
the p;indptd sum 0 . ~ ~~- -. ".-
toge!hcr u:ith intutJt Ihueon Jrom dale, al ~ 1 a~ 01 .! w
..
-
-
Dolhn (1~,ftnO.M ),
"'-L-until malurit).
. ...J__~...
per ~nJ, per
~.I. 1 y~~..-~_.~~~-- ~~~~~__AT-f~~~~~~~~-~-~~-~-~-
... -~---~
...
? ; both principal cuul interest bein~ p4rab~ ir, lawful nw~ o~J~t4~" ~~.tJ.!
I!(t _I. 1Plapt". said principal J~~ in poyabk on tM daw and in
specified below, to-wit:
Oa er be1'ertIt _ ,.. r... .... lw....r.
-
the amountJ
,
,
IIacl1 milker &Il<1 endorwr MuraUJ 9:\1.... ClemanCl, prot.t and notice of matW1tJ. non-payment or pro_t and all ,.qu1remeuta n~
to hold ""ch of U.em liable u maltera And enc1Onen.
Each malter and endoner further a~ Jo1Dtlr and M7...IIJ, to paJ all coata 01 colleet1oa, Includlna a r.-.onalll. attorn""l fM In -
tho prlnclpal of thla note or anJ fl6J1l'ent on the prtnc pal 01' anJ IntAne t thereon Ia not paid at the rMPe<:U.. m.atW1tl thereo!. or In - It
~om.. nKe_ry to proteCt the MCW1t1 hereof, wheU.er lult be broulht or not.
Thl~ note and deferred Int41reet paymanta &haJI bear Intereet at the rate of par cent, per annum from r::.aturttJ until paid.
Thle note la eecurP<1 bJ a mortPole of even date hernrlth and b to oe COMtrued and enforced accorc1ln& to t~ e lawe of the
StaU of nortda; upon ddault In the payment of prlncllJ&l and lor Int41reet due on anl note eecured bJ laid Wo~, aJI no~ 10 MCUreel and
r~malnlnK unpaid ahall forthwith becOme due and payable no.w1th.>tandlDK theU tenor.
/s/ EvelJ~' Ragsdale
Is! L. H. Ra~sdale
(Seal)
la-I)
~md shaH perform. comply with and abide by each and every the Iltipulations. agreements, conditions and covenant.~ of said
proffiissory note and of this mortgage, then this mortgage and the estate hereby created shaH cease and be null and void.
AI\' D t he ~lortg-<lgor does hereby covenant and agree:
1. Tn pay .;lit anll ~1Tl~ular the princIpal and Intf"rf"~t and other ~umlll of mone)' pa)'ableo by virtue of nld prOmIA!On~ not~ and this
llIorh,:;t"::I', ..r- .'IlLf'r. IJrulllptly un the dars r('~Pf'ctiu..ly thf' .same l'it'\ erally come due
... Tn I,a\ all kfJrl !lln1::ulnr thf' taxf'Jo', nJ;.!'le~.!Imellt". 1..\ I f'.!" , lI&.hllltif"!I. obllJ:atlons and encumbran('es or every natu:-e on lIJa.ld d~s('rlbf'd properlY.
..adl aut! ("\.,...f)', when due:- and pCl~.uhl(> ftn'ordinJ( to Inw, t>-ror~ thf')' bel..'ome deoltnQuent. and if the- aanl~ .hall not b@ f;lromptly (laid the
~l()rq':;:;":...t. lllflY at Rn\" tmH". f>ltnt'r ht"flJre or altt"f dt'lInquen~'~-. t'a~' tht" ~;1me without walvlnK of arrectinK" the option to toredose. or any
ri~ht hereunder, and e\e-r)" pa.} mt"nt &0 made sha.U bear lntere.st frum the date thereof ...t the rate ot ten l er(f~nt. (lOqrc) per annum.
3. Tn ket'r. t~{' hulhlin~s nnd all equlp1nent and JX.'n~onal prOI~rtY noW or t.ereatter on said pre:nlN8 coverM by thl. mcrtcage Insured at all
titnt,~ a:~;:tln!"i. tlrt:' an,l winlbtorm, in 11 cOll1pan)" or ("ompanie~ aly..ny" acceptable to the !tforrgb.cee tn a lIum f'qual to at least the amount ot
thE> mllrl;'::riJ,':f", or nil prno~1T1t .surftC"lent to compl)' with any co.in~urance re-qulrement co,'erlnJ( the aame under the law. of the State ot Flcrlda.
mahit:l-: UH" !P!O" tJlHh-r "calli l'ollf'l{',., ~a~"h and e\ery, pa~'ab!e- to the MortxagH a. ItJi Intereat mllY ap~ar; and the policy or polictes
tlhH II !war a l'tand.lrd ~ew York morl~a&e~ claul'.e "",'ithout contrlbullon and .hall be held by the Mortl&Jfee and, In the t\"~nt any .urn
(,r rllota'V bt:'l'on;f-"~ l'a'"ahlf> lllldt'r ~uch polley or pollelt-II. the ){orl((ft,gee ahJlI1 ha\'e the option to re.ceh:e and apply the same on account of the
irl(tt>btt-,lnf'~!4 hf>r~h)" p.f'\.'urf'll, or to permit the Mort':&J:or to receive and uae It. or any part thereot. for other purpoHa. without hf'reby ""a(vln..
(lr impa1rlll): any e'-llllt'". lif'n or right under and by '"1rtue ot thlA morU::ag~. and may place and pay tor auc.:h In.urance, or an}' part thereot.
\\'Itllollt \\aiVIIH~' pr arrr-\'tin,:: itfl option to torE'do~e. or any rlKht h(.reunder. and each and e,'er)' pa}'ment so ma~e ahall bear Interest trom
ttw datt' tbt'rt-uf at tilt' rate ot ten percent, (IO~) per annun\. pa}.able uml~ann\Jally"
~. Tt\ ~lof'rJ1lit. cornmit or ~utft~r no w~tf'. Impairment or detf'rloratton ol .ald prope:--ty. or any part ther~ot, and upon the fallure of the Mort..ca~
~(,r [f. k~I'p thf" buildln;:t" on ~ald propert)' In ~ood condition and Btate or repair. the Mort.KagH may df'ml\nd the immediate repai1'" of Bald
tlulldinl:!"'. or an inITt'a!"t." In thp amount ot J'lt:curltr. or the Immediate repa) ffif'nt ot the debt hereby a.e<'ur~d. and ~he taUure ot the MortgllftOr
tn corntol\ with s.Ild demand of thf' MonKIilh"f'e (or a prlod or Thirty (30) d.)'.. ahall ron.Utute & brea\.'h of thie mortcage ar.d, at the o,",tloo
(,t the ~lortg&Kf'f', h!'mf'rltately mature the entire amount of principal and lntere-at hereby M("ured. and the Mort.....H. Immtdlate;y and. with.
out notic~. may In.litut~ pr(){'~N1inc. to for~doae thil mort&"al(~ ard apply for th. allpolntm.nt of a R~~.h'.r. aa hereinafter pro\"lded.
~. To pnform, cnmpl~' ..dlh and abide b)' ~ach cnd ~\"ery th~ etlpullltlonl. ......o;em.nta. conditione anil covenanta In aald prcmlllOry note and
mortgRl('e !let tlJrth.
S" To (.a:o.- all antl !llngulor the ("(!U. ",'harjres .6.nd ~xpenft-.. Indudin.. lawytr.' tees and ao.tract c-o.t. reaaonaL'ly Incurred or ..aid at an)'
tirnt" L)' thf" ~ortJ.;=..gf'e bE'CaUR ot the (allure on the- part or the- Mor~a,.or ta p-ertorm. campI)' with and abide by f~ch and ",,'e:-y th~ attp'ol.
Jation~. a~rt'f-mt-nts. ('Onrlitionl and covenant. ot said prommluory note and this deed. or eltt.". anti every auch payment .hall bear lnt~reat
trom date at thp' (ate ot ten Pf'r t"entum per annunl.
,. Ir an" of th~ eum. of mon~y herein referr~d 10 .,., not prcmptJ). and fullv paid ....lthln......... .da,.1 next atler tho "m~ IIeverall)' ~me
duf' and p&)'ablf'. or If ~ach and e\'p'ry the .Upulatlonl. a~ref"'mer.t~. ronditlonlJ and co....enantJI ot aald promlaory no~e and this mort&,a&,~. or
f'ltht'r. Brt not duly ~.~r1ormf'd. t.-omplted with and abided t,y. the a<<lre<<ate aum mentioned In aald promluory note Ihall become du~ and
l",yable forth....lth or ther~aft.. at tho cptlon or the Wortltal(ee, fl" tully and compl.lely .. If MId aCl(r~cate lum ot money WU orll(lnall)'
.t1pul.l~d 10"" paid on ouch day. Ilnnhlnl( In ""Id promlnoO" nOI~ or h~r~ln 10 the contrary notwlthetandlng.
8. It to further co\"Onant~d and ..r;ro~d by Il&ld par!!.. tllllt In th~ ",~nt of a lult .,.,Inc Inltl!utcd to for~dole thl. mortaag~, the :MorIKaK'~
~h.2.11 bt- t'ntitJf'd to appl)' Fo.t an)' time pendlnc 8IJch toredo.ure UitJ to the rourt ha,'lul' Jurladi('tlon thf'reot fer the Ippolntment of a recel.....~r
or all and .lngu1k.i thf' InortJ(a.K~ propeor:)'. IIlnd ot .n rents. I n('() me-a. pronU. luue. _l1d re-venu" therwf. from whauoe,'er IIOLrce derived;
and th.E rt>upon It l~ herf'hy ~'I"Jlr..".!y co\'enantf'd and acrf'f'd that t~ Court at.all forthwith appoint lIuch receiver with the u.uial powers a.nd
dlltif"~ ot rf'rei\.er. ~!"!; lilte <."kN"l; and aald appolntmf'nt IIh.U be made b}' the ("ourt ~ a matter ot atrkt rlcht to lb, ]dor16aCH. and ,,"Ithout
rf'ft>rf'lll"e t('l thf' aot'"4lu.c)' or tnadf'quacy of the "'alue oC the- pro~rt)" herebY morl-l(a&ed. or to the ao!venc)' or Ineolvency ot the Wort-=-a..or.
or an:,' other par!). defendant to .u('h ault, The Mortga~or hf'reb~' .~In('ally walvea tne rl..ht to object to the appointment ot a rKf'h.er a.
a(ort"Pl~ld and hf'rf'by eXl)r...sly ("on...nt_ that auch appolntm..nt .hall beo made a. an admlttt'd eq,l.1t)' and... & natter or ab~lute r:..ht ~o
the- Mortgagee and that the aame "lay be done .Ithout notice to the Morl$..or.
,. J n the f'\"ent the )(ortii:agor !W'1I11. conveys. or tranatflr2 the mortg~<<ed prf"mlMS durin. the lite ot this mor........ tlaen thl. :'nortcqe ahaH.
at the option ot the Morla:a&f'~ herein. become Immediately due and payable tor the tull aum of the principal balance ar.d tntereat then due.
l(i. if torf'dolure pN>ceedlnlfA thould bf' In,tltuted ...:s.lnJlt the property covered by thl. mortc_.e upon anjr other :Ieo or claim whether all~l'.d to
bip ."Jnedor O~ jllnlo- to th,. lien cr thl. mort."a:e, the Mortgacee ma) I't hi. option Immedlatel)' upon Inlt!tuUon Clf auch eult or durin,. the
pf'ndflncy th~r..o( dtclar~ thl. mortlace and the Indebte-dn~" aecured hereb,r due an~ pay.c1e torth....lth and may at ;~ option proee-..-d to fore~
deae th!. morteage.
That In the t-vent the prelnl.el hereby mortl'al'~d.or Illn)' part thereof. .hall b.- C'ondemned and ta:<en tor publlc ua-e under th.! power ct eminent
rlnmwt;1. the Mortf;'a~te .hall h.'\'t!: thf rlltht to demILnd that all dam...~a awarded for th~ t.a.)dr.C o! or darr.a.eI' to said premlw.I I!Ih..n be paid
tfJ the :.iortglilt;ee, Ita PUCCfa.lY>r. ur Mala"n8. lip toO H.. amount the:1 unpaid on thl. moru;aCt and may be applied \.apon the paya,ent or pa).m~nt.
!~~! vayo.bte h~rrCln.
11.
It lloi flpccli1:-&.l1)' acr~f'd thnt t,m'" I. ot th:. e-c.Hn<"e or lhl. contract .nd that no .i.!\'er ot any oJ:lII...tion h!reunder cr of the obliptton &eCured
h(:n.k; "hf\iI nt an.... time there-attfor be hel:i to be a ....ah.tr of the terma hereot or Gt the In.trum~nt ac\:red h~r.by. ller .hall any tndulae:nce
or, 'h;' :.'nrtKA,.:r-f"'~ lJ..rt a. to ar,y J:.a.ttern ot ddlnQuencY In pa)'ment or torbea.rance. be aaa.erted by )iortca.or. or the!r aucceuor.. a. a
....."'j...f-'r ,.t ttlp ~l>rt&.:;lzee'" optlo, to accelerate the balance due upon default. nor .hall the Worl......4N be estopped trom exerdaloJ aatd rl..bt.
wlthr'!lt fir flit (,'JI~,..n"I:11: to MnrtJCuJ{or the oPl-ortuntt). to I\!'".t pay aU .rre.race. wit."ttn a rea.~n..ble time; acceptanet by the )Qort&'...cr of
thl" l.np,,!I'I!..n IjIt 1111 IntocrA) pArt of this in"trumf'l1! and one of mo,,"tn<< coll.lderaUon tv the Jdo~&:M.
11. 'Tn fhr p"lt..nt (Or lit,. In.':t,lPl'nf'JlIl of tt'lt' MnrtJ.:i\l:o!' to toeo Morta.ee df'lICrlb#d heor~in or aecur&<i h~rebYr the Mort...,." II lltreby ,u~fOI'ated
to .~,. U,.n or 11""1" fl'1I1 In Iii" rhcht... of thf' nW'I-ef1lll nnd holder. thereot of ea.:h and eVEO' ffiort....e. lien or oth!r enc'Jmb...nc.e on th. 1al1d
,1~.t rit.,.,l 'I,.r.i., .....hld: !~ pM!c1 or ,..nll..nN1. III whol~ or III pa.rt. out \,'" t~e proceed. of the loan de..crlbed herein 01" aKurtd hlreb)'. and ttl~
r".r','S' 'h. II.'.. ,.r _..1,1 rn..rtllllll,.... lI..n.. nr nthrr tn"lIIT,IHRncel. ..hall ~ and the .am~ and '!lch (It them h.r.b)' t. preHn'.d and .h.ll palE
t'. ~',fl t.. ,.,-1.1 t.\' fl.,. ~f'.r'!!A~N. hNf"n n.. "f""II,It)' tnr tile Indf'btl'dnf'N to the- Mort..K'e~ herein deacrl~ or hereby Hc~r~d. to the ..me
f '(".,..! ft. ,. If "'.(.111.1 hn"p top'"'n pr-l'lIl'n"fl IItn.l ~..ou1d hnvt' bPen p&IlH'c1 to ar,j been held by tj,e )(or'~arH had It t~n ;:1u17 and recut.rly
~",~,t."l....,l. rr~rcr...np,l. OII:P' ,..."r Rill' .1plh..rpd unln tht" M'Irttt"Il"('~ b)' ~rl\ratt d~d ot a"l~nment. noc....lth.tar.dln.. the tact that the aame-
"l'~' .'.. c,t,c,..,~,1 ~ltfJ '.~n,.,.lI,..l "r .""'T.1. " ~Inc thr Intt"'lItlt.n cr thfl plllrtlf''' hereto that the ..me wnt be utl.tied .nd cancelled of re-eord by
r" (. t'1"Ii!f'r'" n...,......r At nT ..\....If Ih~ tlm" nt Ihp "f"(,()I~II111 uf t~11lI mnrtll'n.Jtf".
12.
~~: