HomeMy WebLinkAbout0808
[.
o
I '
~t~
I, .d d Al f' T. LUC:E c-',J~-:-Y, ru.
rOVl C . waY8, that if said .Morttagor shall pay unto the said .Mortgagee
the certain I!romissory note, of which the followint in u!Ords and fitltrfs is (l trlle copy,
to wit: ....
,N8TALLWIlNT HOTIl
PAPCO'. FOIlM "'.~
",,:-co F"",.L.leHINO C:O"..OIlll;A.TION
MIA....I >>7. "L..OIIII;IDA _
- (
florida, ~b~ ,19...61- \
~ D. SQUIER .nd
)
.1..000 a 00.
for t>aWe r~ived lAe undersigned promi.stJ 10 pay 10 tA.t order oj
MILDRED E , SCUlP. bi. vite
1M principal .lum of. One 'rhou. and
DdWJ (,::l:.. ()OO .00
).
logtlher u:ilh i~!.!-erton Jrom dau. III tA.t ra~ ('f .{]I[ (61:.) per cent, per annulIl ----1:nril maturitY..laid in/ere!1
bein~ payablt annually on II~ tat: day oJ A.\\11.111t: a;ui "March
tach year; bolA principal and intert!1 btin~ payable in tau.'Jul mon.ey oj the United Slalt.l or itJ equivalent, III Fort
'Po( -T"" .laid principal.lUl1l 10 be pa)'able on t~.!!ate.l and i~ Ihe amounl.l
specified btWw. to-wit: -
Au~~.t 1, 1961---$'00.00 p1ue iotere.t
March 1, 1962---$'00.00 ~lu. interest
---
fr1rtle&e ot prepaJMl1t t.fltbout penalty 18 herebf s1ve~
'-.......
Zar.h maker and endora<!r Myer9.lly .....Iv. demand, proteet and notice of maturlty. non-paym~nt or proteel"-&nd all r~ulrement.lo neceaary
to bOl~~Chm~~::e~Jl&e~~o~:"~~~~e~n~~xiuy and Murally, to pay ~l 00011& 01 collectlOll. Inc!udlnl a reaaontble attorney'. fee In ca.ae
the pnnclpal 01 thla note or any payment on the princlp&l or any InU'" I thereon la not p&111 at the re~t1ve maturity tt.ereol. or In caH It
becOm. ne.:_ry to prouct the eecurlty hereof. ..hether :ull be troulht or n~.
Tbla note ..nd deferred Interesl paymenta ah~1 bear Intereel at tha rate of ~r cent. per "nnum from maturity untP paid.
Tbla not<! la oe<:urtod by a ___ mort.c&ge 01 even date har""th and la to be conatrued and enlc>rced according to the la... 01 the
State 01 Florida; upon default In the payment 01 principal and.or Interen due on "ny note eecured by ..Id w,,~ge. all notee 10 IIC\ue<l and
remaining unp~d ahall 1,,~..lth becOme due "nd payabla notwlthatanc11nl thIU tenor.
IsL Arthur M. Stern
Is/ Elise Stern
(8e&I)
(8e&I)
and shall perfol1n, comply 1I.'it h and abide by eo.lch anfl every the ::;tip"lations,
atreements, conditi.ons and covenants of said. promissorlj note and of this deed, then
this deed and the esta.te hereby created shall cease and be null and void.
And
the said M orttagor hereby covenants and agrees:
.1, To pay all and sin~ular the principal owl intne.'1t and othf'r Slims ol nwncy
payable by virtue of said promissory note and this deed, or either, promptly on the
days respectively the same severally come due.
2. To pay all and sill~ular the taxes, a8seSSmf'.nts, lede."!, liabiliti/.,~. ohligations
and encunz,brances of every nature un said drscribed property ear'h anli every, and
if the sam.e be not promptly paid the said Morttatee may at any time pay the same
witJwut waiving or nffecting the opti.oll to foreclose or any right hereunder, and Cl'el'71
payment 80 made shaUl,ear interest from the dale thereof at the rate of six (6"/0) ..,
per cent. per annum.
3. To pay aU and 8in~ular the costs, charlJp,~ and e:rpellses. illcllUlin~ lawller's
fees, reasonahly incurred 01' pu,id at any time by said .ltfortgagee because of the Failure
on the part of the suir! Mortgagor to perform, comply u'ith and abide by ea'ell and
every the stipulations, atreementi:, conditions and covenants oj" said promissory note
and tlns deed, or eith~r, and every such payment shall bear interest from date at the
rate of B ix ( 6'0) per cent. per annum.
~. To keep the buildint now or hereafter on said land illsured in a Slim not
less than
One thousand ($1,000.00) Dollars, in a campu},!! or companies to
be approved by sajA MortJatee, and the policy or poli.ciea held by and payable to said
Mo:tlatee, and In the event ~ny sum of ~rwnp-y bec~mes payabh'. under such llOUCY cr
polu:z,es, tJz,e .Morttatee shall nave the optwn to recewe and apply the same on account
of the ind,ebt.edness "...erel1y secured or to permit the Morttator to rer;eive and use it or
c;.ny part. thereof, for other p~l.rposes, u:ithout thereby waivint or impC'..irin~ any eql~itlj
"wn or nJ!ht under or by VU"dU of this morttate, and may pl'Ue and pay for su,ch
insu~nce or any part thereof, withcut waiuint or affectin'l the option to foreclose 01'-
any ntht hereunder, and fWA;h and, every Buch paY11',A;nt :JhaU bear interest from date
at the rate o/s ix (610) per cent. per an.nlun.